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IUld iDawaDee JlftD1luma... the cue maY:beSiu~U4iJp,lCI8dited by the mo~ee on subaequent
~ to be mMle by the mortpcor. ..JIr'~-~ payments made by the mortgagor
aDder (I>) of ~ I pr~.1haI1 not tM JUtftcleot to pa.J ~cl rent.. taxea and ~ent.a
and ~ prtml~ .. the cue 1U7 be, whlll the ~.un becoo1e due and pay4ble, then the
mortpcor eht.n 1>>1' to tbe mortppe any amount necefi""Y to make up the defte~ency, on or before the
date when ~t 01. lOCh pwnd ftDta, tax.., ~e"l!lenta, or inauran~ premu1ll1aahall be d~e, If
at..1D1 time the mortppr allaU teacler to the mortcqee in ~ 10th the proviAtou of the note
aeeund hereb" full ~t of the.tin indebttdneu repreMnted thereby, the mortcaaee shall, in com-
, JMltinI the ~t of.ach iDdebtedDM1. credit to the account of the morlpa'or all papnenta made under
the p,rovtaou of ~ of pe.r-.raph 2 ~ which the mortcaaee baa not become obhcated to pay to the
Federal HoulDa ml.-iftuer and Ul1 ba1anee remalni~n the tuDda accumulated under the provisions
of (b) of lAid ~ 2. If there shall be a default under aDJ of the provisions of this' mortgage, re-
aWtiDc in a public.... of the premlael covered hereby, or if the mortgqee acquires the property other-
wile after default, the mortP&ee ahall apply, at the~e of the commencement of such proceedings or at
the time the pro~-.ty ia othei-wlae acquired, the balance then remaini~ in the funda accumulateti under
" (b) of ~pI12 precedm,." a credit apiut the amount of principal then remaining unpaid under
aaid note aDd Ua11 properly ad,JUlt aDJ paymenta which aha11 have been made under (a) of said paragraph.
.. That he win pay all ~., ...et~menta. water rate., and other IOvernmental or municipal charges,
tme., or ~tioDa, for which provision baa not been made hereinbefore, and in default thereof the mort-
ppe may pay the same; and that he will promptly deliver the oftkial receipts therefor to thi! rr.ortgagee.
6. That he win permit, commit, or Buffer no wute, impairment, or deterioration of said property or
any part thenof;'and in the event of the failure of the mortpaor to keep the buildings on said premises
and thole to be erected on a&id premiaea, or improvements tliereon, in good repair, the mortgagee may
make auch repai!'a .. in ita diacretion it may deem neqaaary-.for the proper preservation thereof, arid the
full amount of each and every auch payment ahal1 be iJrunediately due and payable, and shall be secured
by the lien of thia m~ '- '
. ~ That'he will pay all and si~lar the coats, chargee, and expenaes, including reasonable lawyer's
" feee and coeta of abatracta of title, incurred or paid at any time by the mortgagee because of the failure
on the part of. the mortpaor promptly and fully to perform the agreements and covenantA of said prom-
iIaory note and thia mortpge, and a&id COIta, chara'~d expenaee shall be immediately due and pay-
able &nd aball be MCUl'ed by the lien of thia mortpp.
7. That he will keep the improvementa now 8Xlatlng or hereafter erected on the mortgaged property,
insured u may be J'1SCluired from time to time by the mortgagee qainat 1088 by fire and other hazards,
caoualttee. and contiJllel1cle8 in luch amounts and for 8ucn perioda as may be required by mortgagee,
and will ~rompt1y, when due, any premiums on such inaurance for payment of which provision has
not been e hereinbefore. All inaurance &hall be carried in compaDle8 approved by mortgagee and
the pollciea and renewata thereof shall be held by morigape and have attached thereto loss payable
clauaee in favor of and in fonn acceptable to the mortgagee. In event of 11)88 he will give immediate
noti~ mail to mortgape, and mortg~ may make proof of 1038 if not made promptly by mortgagor,
and insurance company concerned 18 hereby authorized and directed to make payment for such
Iou directly to mortpJe8 instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or
any part thereof, may be applied by mortgagee at ita option either to the reduction of the indebtedness
herebyeeeured or to the restoration or repair of the property damaged, In event of foreclosure of thiB
mortp,p or other transfer of title to the mortgqed property in extinguishment of the indebtedness
leCured hereby, all right, title, and interest of the mort~rin and to any inaurance policies then in force
aha1l paaa to the pu.rchuer or p1Ultee. .
8. That the mortgagee may, at &IlY time pendinr a suit upon thia mortgage, apply to the court hav-
~ luri.8diction thereof for th6 appointment of a receiver, and 8uch court shall forthwith appoint a
recelver of the premiAea covered hereby all and 8ingular, including all and singular t~e income, profits,
wuea, and revenues from whatever source derived, each and every of which, it being expressly under-
stood, ia hereby mortgaged as if speeifically set forth and described in the granting and habendum clauses
hereof, and IUch receiver shall have all the broad and effective functiona and powers in anywise
entl".1.8ted by a court to a receiver, and such appointment shall be made by such court 88 an admitted
equity and a matter of absolute right to said morteagee, and without reference to the adequacy or inad-
equacy of the value of the property mortgaged or to the solvency or inaolvency of said mortgagor <..r the
defendanta, and that such rents, profits, income, wues, and revenues shall be applied by such receiver
&CCOr<iing to the lien of this mortgage and the practice of such' court, In the event of any default on the
part of the mortgagor hereunder, the mortgagor agrees to pay to the mortgagee on demand as a reason-
able mOilthly rental for the premi8es an amount at least equivalent to one-twelfth (1J12) of the aggregate
of the twelve monthly iIUltallmenta payable in the then current year plus the actual amount of the annual
tax~l .Ulellmen~, water rates, and iIUlurance premiums for such year nl)t covered by the aforesaid
monuuy paymenta.
9, The mortgagor further covenants that should this mortgage and the note secured hereby not be
~ligi?le for insurance under the National Housing Act ~ithin 3<;> .day~ fr?m the date hereof
(written statement of any officer of the Federal Hownng AdministratIOn or authOrized agent of the
Feceral Housil}g. Com~i88ioner ?ated 8ubsequ~nt tothe afo~e8.id timt; from the date of this
mortgage, dechmng to Insure saId note and thlR mortgage-;- bemg deemed cor,duslve proof of such in-
eligibility), the mortgagee or the holder of the note may, at ita option, declare all sums secured hereby
immediately due and payable.
~O. That (a) in the event,of any breach of this !l1ortgage or default on the part of the mortgagor, or
(b) 10 the event that any of Sllld sums of money herem referred to be not promptly and fully paid with-
out demand or notice, or (c) in the event that eachcmd every the stipulations, agreement.<!, conditions
ll!ld covenanb of said note and ,this mot,.tgage, are not duly, promptly, and fully performed; then i~
~Ither or any such event.. the said aggregate sum mentioned in said note then remaining unpaid, with
mterest accrued to that time, and all moneys secured hereby, shall become due and payable forthwith
or thereafter, at the option of said mortgagee, 88 fully and completely as if all of the said sums of mone\:
were orginally stipulated to be paid on such day. anything in said note or in this mortgage to the contmry
no~with8tandi!1g; al!d thereupon or ther~fte~, at the option ot said mortgagee, without notice or demand,
SUIt at law or 10 eqUIty, may be prosecute<1 as If all moneys secured hereby had matured prior to its insti-
tution: The ~ortgagee may forecl~ this mortgage, aa to the amount so declared due and payable, and
the said premll~es shall be sold to saltsfy and pay the same together with costs, expenses, and allowances.
I!l ~ o.f partial. foreclosure of this mortgage, the mortgaged premiucs shall be &old subject to the con-
tmumg hen of thl8 mortgage for the amount of the debt not then due and unpaid. In such case the pro-
visions of thia paragraph may ,.gain be availed of thereafter from time to time by the mortgagee,
11. That the mortgagor will give imrneGiate notice by mail to the mortgagee of any conveyanC('
transfer, or change of ownership of the premiaea. '--. .
12, That no waiver of any covenant herein or of the obligation secured hereby shall at any time
thereafter be held to be a waiver of the tenns hereof or of the note secured hereby.
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