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R. t' ' 'nsurance premiums, as the case may be, such excess shall be credited bm~nts made by the mor Kagor and ~ r lf, however, the monthly pay payments to be made by the mortgago • and rel,te, taxes and assessments a h 2 preceding shall not be sufficient to a~Y l~°become due anti payable, then the under (b) of pars8'r P play th, when thy: Bain . slid insurance premiums as the case any ariount necessary to make up the deficienry, on or before e mortgagor shall pay to tale mortggg'e asaesaments, or insurance Pr~li~ alongl~ of t e no e ant of such ground rents, taxe3, thc~ mortgagee aliall, in c.,m- date when paym at any time the mortgagor shall tends: to the mortgagee in accordsu~ce with r al pa ants made under secured hereby, full payment of the entir o iredit to the ace unt of the mortgago Xm paling the amount of such ins rat h 2 ~r~f which the mortgagee has not become obligated to pay to the the provisions of (a) of Par g P balance remaining in the fund$ accumulated under the provisions Federal Housing Commissioner and any uirea the property other- of b) of said paragraph 2. If theme a~h~o~ ~ herebyu or if the mortgageevac9 ~ of this mor gage, suiting in a public sale of the Pry shall apply, at the time of the commencement of such proceedings or a wise after default, the mortgaR uired, the balance then remaining in the funds accumulated under the time the property is otherwise acq ainst the amount of rincipal then remaining unpaid under (b) of paragraph 2 precedingg as a credit ag p and shall properly ac~l'ust any payments which shall have been made under (a) of said paragrap . said note ~ water rates, and other governmental or municipal charges, 4. That he will pay all taxes, asse~ents, or im itiona, far which provialo~lha8 not been made hereinbefore, and in default thereei` t e mo rom try deliver the official receipts therefor to the mortgagee. fines, Pce the same ;and that he ~ i P P ro arty or gages may pay it commitof the failure of thelmortgagortta keep rioration of sal P P 6. That he will perm the buildings on saki premises thereof ;and in the event re ir, the mortgagee may any paw remises, or improvements t forethe proper Pr ~ ation thereof, and the and those to be c ~te n°~ d>iscretion it may deem necessary able, and shall be secured make such reps such payment shall be immediately due and pay full amount of each and evPxy by the lien of this mortgages yes, including reasonable lawyer's all and singular the coata,.charges, and saps because of the failure 6. That lie will pay id at any time by the mortga8'~ romptly and fully to perform the agreements and covenants of said prom- f~, and costs of abstracts of title, incurred or Pa and eic~enses shall be immediately due and pay- on the part of the mortgagors and said costs, charges, iasory note and this mortgag , ro art able and shall be secured by the lien of this mortgage. That he will keep the improvements liow existing or hereaft a~nst 1o~ss b fire and other hazards, 7 tie required from time to time by the mortgag~ iogda ~ may be required by mortgagee, insured aa~may h romptly remiums on such insurance for payment of which provision as casualties, and con+ingevnriQB sue any p ounta and for sue Pe roved by mortgagee and and will pay p a able d ee and have attached theretoVeoae m~iate not been ma a here wars thereolfisall be heldlbyemort ~ in companies ap the policies and re In event of loss he will gi mortgagor, clauses in favor of and in form acceptable to the mo gages. ee, and mor. gages may make proof of loss if not made promptly bent for such notice by mail.tn mortga8 ointly, and the insurance proceeds, or and each insurance compali stud of tomortgagor and mo Sagce j th the reduc ion of the indebtedness lose directly to mortgagee m • thereof, may be applied by mortgagee at its optio rt ~ damaged. In Event of foreclosure of this ~ park ro rty in extinguishment of the indebtedness hereby se~ilred °r to the ~t°ration or repair of the proPE y insurance policies then in force mortgage or other transfer of title to the mortgaged P or in and to any secured hereby, all right, title, anaII~ rest of the mortgag shall pass to the purchaser or gr n this mortgage, a~Ply to the court hav- time pending a suit upo int a g, That the mortgagee may, at any intment of a receiver, and auall and singular the inicome, p fits, ing jurisdiction thereof for the apPo of which, it being expressly under- receiver of the premises covered hereby all and singular, including anti and hab~gdum clauses issues, and revenues from whatever source derived, each an every ed as if apecitically set fArth and described in the gr Pg wets in anywise stood, is hereby mortgag such court as an admitted hereof, and such receiver aeivlerhand such appointmentdshallcebe madecbyns an po uacy or inad- entruated by a court to a refute right to said mortgagee, and without reference to the adeq the value of the property mortgaged or to the solvency or insolven^v of said rlor~gagor or t e ~uity and a matter of abao lied by such receiver equacy of rofita, income, issues, an3 revenues shall be app defendants. and that such rents, p ee ur--. demand as a reason- to the lien of this mortgage and the Pr atr~ es to pay ~ he mortgagvent of an fthe agg~gatR according or hereunder, the mortgago g part of the mortgag remises an amount at least equivalent to one-twelfth (,ix able monthly rental for the p a able in the then current year plus the actual amount of the annual veer not covered by the aforesaid of the twelve monthly installments p Y ~~ aesesa*-rents, water rat.ea, and insurance premiu~aae for suck mont~ily payments. and the note secured hereby not be from the date hereof g. The mortgagor further covenants that should this mortgak"'e nt of the eligible for insurance under the National Housing Act within 30 DAYS ' time from the date of this written statement of any officer ofd su~cquent to theng 3Q ~Aistration or loth eripOof ~ such in- ~ e being deemed con Federal Housing Commissioner date mortgage, declining to insure said note anti this mortggg , ' flit the mortgagee or the holder of the note may, at its option, declare all sums secured here Y eligib Y), or, or immediately due and payable. aid with- and fully p ip. That (a) in the event ofsannys of money harem refegreditoebe not Pionsp a reementso conditions, (b) in the event that any of said romptly, and fully p?rformed; that. in out demand or notice, or (c) in the event that each and every the atipalat g id, with and covenants of said note and this mor agtegsum mentionued ~ in said note then remainir able forthwith, either or any such event, the said aggr 8 i.ii.erest accrued to that time, and all moneys secured hereby, shall become due an pa ee, as fully and compleo~ oasin this mortgage t~ hEOOOntrary ~,r thereafter, at the option of said mortgag ~~ without notice or demand, were orginxlly stipuia+.ed to be paid on sucn day, anything in said i notwithstanding; and thereupon or thereafter, at the option of said mor gag ro~ecuted as ii ail moneys secured hereby had matured prior ~ablenan~ suit at law or in equity emTaa bfp across this mortgage, as to the amount so declared Haas ~idid allowa*ices. tution. The mortgage the same together with costs, exa~old subJect to the .on- the said premises shall be sold to satisfy and pay ~ remises shall I?e In case of partial foreclosure of this mortgage, the mortgag P tailuin lien of this mortgage for the amo ani~o of thereafter from tome to t me by the mortgagee. a pro- - g ~ a a h may z;gain be av visions of this pxi gr P ee of, any convgyallce, or will give immeGiate notice by mail to the rnortgag 11. That the mortgag ~ ~ ~ ~• '~ ~ time transfer, or change of ownership ~of the premises. hereby sha~! at. any 12. 't'hat no 'waiver cf any covenan! herei~a ar of the obligation secured , thereafter be held to be a waiver of the terms hereof or of the notE secured ~~greby, ~ ;, .,