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I aad insuranoe p~emiuths. ~u the case may be,__wch eo~cee~ ah~ll be credited by the mortQa~ee.d~aubseqneaf, ' p~naenta t~ bs made by the mort,~a~ar. u. 6owever, the inonthl~r pwymeata made. by the mort,~a~or ~ ~ ~omder t6) cd P~sra~raP1? $ Preoedin~ shaU not b~ wtDci~t to p~~ ~onad reeb,~ taxe~ and a~saeesmeats I, and i~osurano~s~ prenuum~ as the cass maU? b0. whea the same ahaU beoo~ne d~e and p~yabl then the ~ mort,~~or sbsU p~y to the mort~a~ee aqy amount necessary b~ mate up the delkiency, oa or~ore th~ i ' dats when payment oi wch ~n- d- renta. t~ucea. aa~eesmeats. or insnranos premiums a1u11 be due. at u?y tim~ the mor~agor shall tender to the mort,QaQee in a~ooordance witb the provisions oi the note secured hereby. it~llp~ym ent oi the entire indebtednees represented thereby, the m~s~e shall. in com- pnting the a~aount oi awh indebtedness. credit to the acoount oi the mortg~or ~11p~m~ ents rnsde under ~ the proviaiona oi a) o! psra~raph 2 hereof which the mat~k~e has aot beoome obligated tv pa,y to the Feder~l Ho~in~ ~ner ~ad any bal~nc~e r~ing in e funds aocumul~ted under the provisions oi (b) of aaidpsra~raph 2. Ii there ahs11 be a default ander an,y oi the provi~eions of thia mortgage re- • i aultin~ in a pu lib c aale o! the premises ouvered hereby or if the tnortgagee aoquires the property ot~er- ! wise after default, the mo ~~e shall appu?. at the t~me of the oamraeaoement of such proceedin~s or at ' the time the pro~e ia oth~erw3se aoquired, the b~lanoe then remaining in tbe innds accumulated under: : - (b) ot paragraph pr~oedin~_as a credit ~tgainst the amonnt of princapal then remaining unpaid under 1 asid note and shaU pr~perly a~ust sq~? P~,Y'menta which sball luve been made nnder (a) of said paragrapht~ 4. T6st he wIll psy sU tases, asse~smez?ts, water rates, and other ~overnmeatal or municip~l char~es, 8nes, or impoaitions. for v~hich proviaioa haa not been msde hereinbefore, snd in default thereof the mor~ ~ag~ee m~y p~y the asme; and tlut he ~vill promptly deliver the official recxipb therefor to the mortgag~ee. • b. That he will pernnik coa~mit, or suffer no waste. impsirment~ or deterioration oi aaid property or ~t ther~l; and in the event oi the failurs of the m r to keep the buildinga on aud premiaes ~ ~ ~ ~Y _ and ~hose to be .erected on said premiees, or improvemeabs ereon, in good repair. the mortSaBee ma3? mal~e snch repsira as in its discretion it ms3? deem neeeasary for the proper preservation thereof. and the fnll amount oi sach snd every such p~?ment a6all be immediate~y due and payable. snd ahall be secured • by the lien of this mortgag~. } 6, That he wiU pay all snd sin$ulsr the costs, charges. and expenaea. inclu reasonable law~?er'a ; tees, snd eoats oi sbstracts of title~ mcurred or psid at any time by the mortga g~eease of the fa~lure on the part oi the mortgagor promptly and iu~perform the agreementa and covenenta of asid prom- ~ • iseory note and this mo a~e and said ooets, , and expenaes ahall be immediately due and pay- ~ able snd aball be secured by the lien of thia mortgag~e. ! That he wiU kee~ the improvements now e~ciating or hereafter erected on the mortSaB~ P~1~rtY. ' inanred aamay be requued from time to time by the mo ~ainat lo~s by flre and other hazards. - ; easusltiee. snd contin~eaciea in such amounts snd for auc~h perto~s aa may be required by mortgagee. ~ and wiU psyp~om ptly. when due, auy premiuma on such insurance for ~yment of which pr~vision has not been made here~nbefore. All inauranoe ahall be carried in oompa~ues spproved by mortgagee and ( the policiea and renewals thereof ahsll be held by mortgagee and hsve attached thereto loes payable ~ ~ clauaes in favor oi snd in form aooeptable to the mortgagee. In event of losa he will give immediate notioe by mail to mortgagee, and mortga~ee may make proof of lose ii not made promptly by mortgagor. and e~ch insnr~unce ~npany concerned ~s herebY authorized snd directed to make ps~m~nt far euch loes directly to mortga~gee.instead of t~ mortgagor and mortgagee jointly. and the insurance proceeds. or ~ say thereof, may be applied by mortgagee at ita option either to the reduction of the indebiedneaa h~secu~d or to the restoration or repair of the property damaged. In event of forecluaure of tl?is ~ mortgage or other transfer of title to the mortgaged property in extinguiahment of the indebtedness , secured herebY, a11 right, title, and interest of the mortgagor in and to an,y insurance policies then in force ~shaU pass to the purchaser or Srantee. ~ ; . 8. That the mortgagee ms~y, at any time pending s suit npon this mortgage, apply to the court hav- ~ ing jurisdiction thereo~ for the appointment of a receiver~ and such eourt ahall forthwith appoint a receiver of the premises covered hereby all and ai~~ar , including all and sin~ular the inoome, pmfits. ~ issues, and revennea irom ahatever aouroe derive~~ each and every of whicL, it being expresaly nnder- stood, is hereby inortgaged as if apecificaUy eet iorth and described in the graating and habendum clauaea hereof. and snch receiver shaU hsve all the broad xnd effective functiona and powers in anywiae entn~ste~ by a court to s reoeiver. and such appointment shall be made by such court as sn admitted equity and a matter of absolute right to said mortgagee, and ~vithout reierence to the adequacy or inad- equacy of the valne of t6e property mortgaged or to the solvency or insolvency of said mortgag~or or the ~ defendanta. and that-such renta, prniits, inoome, isaues, and revenuea aball be applied by auch receiver ~oco~to t6e lien oi thia mortgage and the practioe of auch conrk In the event of a~y default on the part of e mortgagor hereunder! the mortgag~or sgreea to psy to the mortgagee on demand sa a reason- able monthly rental for the prean~aea an amount st least equivAlent to one-twelfth (i,'~=) of the aggregate oi the t~velve monthly installments payable in the then curnent year plus the actual amount oi the annual . tasea aasessmenta, water ratea, and insuranoe premiuma ior auch year not oovered by the aioreaaid mont~ly paymenta. " 9. The mortgagor further covenants that should this mortgage and the note secured hereby not be ~ ~ eligible for insurance under the National Housing Act within 30 days from the date hereof ~ y (written statement of any o85cer of the Federal Iiousing Administration or 'anthorized agent of the { Federal Iiousing Commisaioner dated sub~sequent to the aforeeeid time from the date of thia s mortgage, declining to insure said note and thia mortgage. being deemed conclusive proof of such in ~ eligibility), the mortga~e or the holder of the note may, at its option, declare all sums secured here~y inunediately due and payable. F . ; 10. That (a) in the event of any breach of thia mortgage or default on the part of the mortgagor, or (b) in the event that any of said sums of money herein referred to be not promptly and fuily paid with- ' out demand or notice, or (e) in the event that each and every the atipulations, agreementa, c~onditions, t snd covenants of said note and thia mortgage, are not duly, promptty, and iully perforaied; then in i ? either or any such evenk the said aggregate sum mentioned in said note then remaining unpaid. with . intereat accrued to that time, and all moneya secured hereby, ahall become due and payable forthwith, f~ or thereafter, at the option oi saia mortgagee. as fuUy and completely as ii all of the said sums of money ' were orginally stipulsted to be paid on such day, anything in aaid note or in thia mortgsge to the contrat~r F notwithatanding; and thereupon or thereafter, at the option of said mortgag~ee, without notice or demand, ` ` suit at law or in equity. may be pra~ecnted aa if ~U moneya secured hereby had ms~tnred prior to ita insti- ' ~ tution. The mortgagee may foreclose this mortgs~e, as to the amount so declared dae andpay able, and ~ the said_ premises shall be sold to satisfy and pay the aame together with coats, expenaes. and allowances. ~ In case of partial foreclosure of this mortgage, the mortgagcd premisea ahall be aold subject to the con- ~ tinuing lien of this mortgag~e for the amount o! the debt not then due and unpaid. In such case the pro- viaions of thia paragraph may again be availed o! thereafter from time to time by the mortgagee. ~ K li. Ttiat the mortgagor will give i~nmediate notice by mail to the mortgagee oi any conveyance. ; transfer, or change of ownership o! the pretniaes. r 12 That no wsiver of any covenant herein or oi the obligation aecured 6ereby shall At any timie ' thareaiter be heW to be s waiver oi the terms hereoi or of the note eecured hereby. ~ • ~ ~ ~ ~ ~"K 82 19$ ~ ~ ~ ,o _ -