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and insurance premiums, as the cafe may be,`fati4~ Ax~~ ~lla1~. ~ executed by t-41s mortgagee on auba.~queat
• payments to lra made by the mortgagor. If, however, the rnudihly raymealts made by the moxtgag~ox
cinder (b) of paragz`aPh 2 ~precading ahai? Hat be auPficient to pay nd rents, tsx°-a ~-tld and
and insurance premiums- as the cane may be, c: hen the srcne shall berms due and Payable, then the
mortgagor slixll pay to tfle mortgages any amount n~cestuu•y to mike up the dPflciency, an or before the
date when payment of Ruch around :-^^ta, taxei-; asaessnlenta, or insusance premiums shall, be due. If
at any time the mortgagor shall tendEr.to the mortgagee in accordance with the provisioal~allthn om-
aecured h-_reby, full payment of the entire indebtedness represented thereby, the mortgagee
puting the amount of such illdebtedneas, c.`edit Eo the account of the mortgagor al! pa~nents made under
• the provisions of (a) of paragraph 2 hereof which the mortgagee has not become obligated to pay to the
Federal Housing Commissioner and any balance remaining in the funds accumulated wader the provislons
of (b) of said paragraph 2. If thel•e shall be a default under any of the provisions of this mortgage, re-
sulting in a public sale of the premises covered hereby, or if the mortgagee acquires the Property other-
wise after default, the mortgagee shall apply, at the time ^f the commencement of ouch proceedll~gs or at
the time the property is otherwise acquired, the balance then remapaining in the funds accumulated under
(b) of paragraph 2 pz'eceding a$ a credit amgai~ whi h shall have beenclm~ade underer (a) of said paragraph.
said note and shall properly adjust any pay
4. That he wirl pay all taxes, assessments, water ?•atea, and other grovernmental or municipal charges,
fines, or impositions, for which provision has not been made hereinbefore, and in deiFault thereof the mort-
gagee may pay the same; and that he will promptly deliver the of'@cial •rel~,eipta therefor to the mortgagee.
6. That he will permit, commit, or sufYer no waste, impai:zrlent, or deterioration of said property or
any part thereof ;and In the event of the failure of the mortgag~ar to keep the buildings on said premises
and those to be erected on said premises, or improvements thereon, in good repair, the mortgagee may
crake such repairs as in itr discretion it may deem necessary ,for the proper preservation thereof, and the
full amount of each gn6 every such payment shall be immediately due and payable, and shall be secured
by the lien of this mortgage. `
6. That he will pay all and singular the coats, charges, and expenses, includin r~as~ of theafa lure
fees, and costa of abstracts of title, incurred or paid at any time by the mortgagee
oll the part of the mortgagor promptly and fully to perform the agreements and covenants of said prom-
issory note and this mortgage, and said costs, charges, and expenses shall be immediately due and pay-
ableand shall be secured by the lien of this mortgage.
7. That he will keel the improvements now existing or hereafter erected on the mortgaged property,
insured as may be required from time to time by tl•.e mortgagee against los$ by fire and other hazards,
casualties, and contingencies in such amount8 and fo: such periods as may be requires by mortgagee,
and will pay promptly, when due, any premiums on :such insurance for payment of which provision has
dot hcen made hereinbefore. All insurance shall be carried in companies approved by mortgagee and l
the policies and renewals thereof ;shall be held by mortgagee and have attached thereto lose payable
clauses i>1 favor of and in form acceptable to the mortgagee. In event of loss he will give immediate
notice by mail to mortgagee, and mortgagee may make proof of loss if not made promptly by mortgagor,
and each il~surance company concerned is hereby authorized and directed to make payment fcr such
loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or
any part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness
hereby secured or to the restoration ar repair of the property damaged. In event of foreclosure of this
mortgage or other transfer of title to the mortgaged property in extinguishment of thA indebtedness
secured hereby, all right, title, and interest of the mortgagor in and to any insurance policies then i.n for.,e
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shall pas8 tw ~~~ ~ui.;.a~c. cr 8~~..r-°.
8. That the mortgagee may, at any time pending a suit upon this mortgage, apply to the court hav-
• ing jurisdiction thereof for the appointment of a receiver, and such court shall forthwith appoint a
receiver of the premises covered hereby X111 and singular, including all and singular the income, profits,
issues, and revenues from whatever source derived, each and every of which, It being expressly under-
stood, is hereby mortgaged as if apecificaily set forth and described in the gratlting and habendum clauses
hereof, and su~~`~ receiver shall have all the broad and effective functiol~s and powers in anywise
entrusted by a court to a receiver, and such appointment shall be made by such court as an admitted
equity and a matter of absolute right to said mortgagee, andrwithout.reference to the adequacy or inad-
equacy of the value of the property mortgaged or to tale solvency or insolvency of said mortgagor or the
defendants, and that such rents, profits, income, issues, and revenues shall be applied by such receiver
according to the lien of this mortgage and the practice of such court. Ir. the event of any default on the
part of the mortgagor rereunder, the mortgagor agrees to pay to the mortgagee on demof t e aggregate
able monthly rental for the premises an amount at least equivalent to one-twelfth (1;12)
of the twelve monthly installments pay able ~ .the then current year plus the actual amount of the annual
takes assessments, water rates, and insurance prenliuma "for each Year nbt covered by the aforesaid
montflly payments.
9. The mortgagor further covenants that should this mortgage and the note secured hereby not be
~'•.igible for insurance under the N~tions.l Housing Act within 3i~ dA~afY from the date hereof
( «•ritten statement of any offics.- of the Federal Housing Administration or authorised agent of the
Federal Hoi.3inE Commissioner dated subsequent to the _ at'~rl;tid ~ time from the Sate of this
mortgage, declining to insure said note and this mortg8.ge, being deemed conclusive proof of such in-
eligibility), the mortgagee or the holdex of the Hate may, at lta option, declare all sums secured hereby
immediately due and payable.
10. That (a) in the evc,nt of any breach of this mortgage or default on the part of the rnortgagcr, or
(b) itl the event that any or said sums of lnoney herein referred to be not promptly and fully paid with-
out demand or alotice, or (c) In the event that each and every the stipulations, agreements, conditions,
and covenants of said note and this mortgage, are not duly, prolnptlJ~, and fully performed; then in
either or any such event, the said aggregate sum mentsc,ned in said note their remaining unpaid, with
interest accrued t~ vital time, and all moiety, seK.ureci hereby, shall becomQ due and payable forthwith,
or thereafter, at the option of said mortgagee, as rally and completely a.s if all of tl-te said e:uma of money
wel•e orginally stipulated to be paid on such day, an~'tllirig in said note ur ill this m~~rtgage to the contrary
notwithstanding ; a:~d thereupon or thereafter, at ills option of saiuc mortgagee, wittlOl:t notice ol• demand,
suit at. 13w or inequity, miry be prcxiecuted as if all mallet's secured hereby had matured prior to its insti-
tution. The martgage~ may foreclr~se this mortgage:, as to the amount sa declared due snd payable, and
Y' the said premises s}call be sold to ss~tisfy and pay the sa-no together with eosts, expenses, and allowances.
In case of partial foreclosure of tl;:s mortgage, the mortgaged pre~mlaes shall,be sod subject tr, the con-
~' tinning lien of this mot•tgaga for the amount of the debt not then due and unpaid. In such cane the pro-
•-~ visions of this paragraph may again be availed of thereafter from tune to time by the mortgagee.
II. That the mortgagor will. gives imni~diate notice by mail to trhe morlr,gagee of any con .•eyance,
~= transfer, or change of ownership of the pre:xiisea.
12. That no wlciver of any cavtinant herein or ai tl'ia•obligation secured hrreb~ shall at any time
thereafter be held to be a waiver of the terms hereof ar of the note s+ecilr~l hereby. ,
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