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Home My WebLink About0182 ~ • . ~ ~ ~ . „ + ; .a _ ~ and in~rano~ pe~eeni~u. as the d~a m~r bq! _wch eocoer ~haU be credit~d by tbe mort~a~ee oa anbsequent pyrmaats ~ b~ ma~ds b~r the mo~a~or. u. however. tlee moutl~r p~yments made by the mo~t~a~o~ ~ ander (4) ad p~ra~rsph S D~oedin~ shall aot b~ a~cient ~o p~ d renb, tu~ces and as~e~sments and inaurancs~a~a~ as the cas~ m+U? b0. ~?hee~ the aame ~beoooae due and p~yable, tt~?en the ~ mort~or a~U p~? to t~s mort~ee-aay ~nount neoe~aar~r tio ma1~a up the deAde~ncy~ oa or beiore the date when payment oi anch tronnd rent~ t~a. aadeeame~ata. ar 3nsuranoe premiums aha11 be due. Ii ~ at any time the nart~a~oz vull tender to the mort~ee in acoordanou with the provLiont oi the not,e ' ~ eeciired hereby. tullp~m~ t ai the enttre indebtsdness repreisnted thereby. the marfi~i~ee ahaU. in oo~ • pntin~ the amouat oi anch indebt~edn~es. credit to the ~oa~nnt oi the nwrtsa~or aU ents made under . , the provisiona oi a) oi p~ra~?ph 8 hereoi which the morlt~~ee has not beoo=ne o 1 nted taAU? to the ; . Federal Housin~ oner and aRy bsLnce remainin~ fn the ibnds aocumnlatsd nnder the proviatoa~c ; of (b) ai asid 2. Ii there ahsU be s detanit nnder a~ os the proviaions oi this mo re- ; oq ° a~iltin~ in a lic aale oi the premiaes oovered bereby or i~ the nwrtga~ee a~oquires tl~e pro o e~c~ wiae atEer defsnit, the mort,~s~ee s~ia11 aPP~j?. st the t~me af ths cammencement oi wch or at ` the time the~~y ia otherw~ae aotNired. the balanos t6en in the itmds axum undes 7 j (b) oip~~ -raph 8 p as s credit ~sinst tLe amountr~psl then ~ema~ning ~inp~i undex~ ~ n?id nota and aZuU Prop~~nst an,y P~Yments which ahall have made onder (a) o! said psr~r'sph. ~ 4. That he wiD p~y sll t~uces? assesm~ents, water ntes. and other ~overnm~tsl or municipsl charges, 4 lines, or impodtions. ior which proviaion h~s not been made hereinbetore. and in detault thereoi the mort~ ~ ~ ~ag~ee m~y? P~Y tha same; snd thst he will promptly deliver the oHicisl reoeip~s therefor to the mortgagee._ ; ' 6. Thst he will pe~rnnik ooaamit, or auffer no waste. imp~rment, or deterIontion of said property, or ~ ~ any~r{ the:+eoi; and. ia the event oi the iailnre oi the n~cucf~or to keep the bnilslin~a on said pr~m~eca ' - and ~hoss to be erect~ed on ssid pre~nisea, or' improvements thereon, in g~ood repsir, We mort8agee m~? ! : mslce such repairs aa in its discretion it may deenn nec~sssry for the proper preservst~on Wereof~ and the ; ibll amonnt oi e~ch snd every auch p~yment a~uU be ~nmedist~ dne and p~y~ble. snd aLall be secnred , ~ by the lien c~ t6is mortgag~e. + ~ . 6~ T'6at hs will all snd ai[n~v1~r the coets, char~e4, snd e~cpensea. includin~ reaeonable law~?er'a ~ ie'~' and oosts oi abstracts oi titl~ incarred or paid st aRy? ttme by the morlt~gee decause oi the f'ulure ~ ~ oa the p~uct o~ the morkgaBor PramPt~Y and i~~ia~~ the ~~t~ ~na ~~t~ or ~a prao- ~ ~ iasor~ nots snd tLis marlkg~e. and asid oosts. and ~zperaes ahall be immediate~y due and p~y- ; abk and sLall be aecnred by tda He~n oi thia mortg~ . 7. Zbst he piU the improv~nents now ezistin~ or hereatter arected on the ma~ ProPerts?~ inwred as•m~y be re~i~ irom time to time by the mo ~laes by ~ire and o er hazards. pisnalties,~ and contin~encies in sach amounts snd for au~perlo~s as m~y be required by mortgagee. : - md will pqypromptbr~ when dn any pre~niu~ons on auch insnr~u~ee ior t oi which provision has ~ not been made hereinbetore. ~ inanranoe shall be carried in oo~? es approved by mortgagee and ~ the policies snd renewals thereot shsll be held by a?ortgag~ee snd ve sttached t6ereto loas payable ~ clanaes in favor o~f and in iorm aooeptable to the mortgage~ee. In event oi loaa he wiU ~ive -innmed'ute naRioe by msil t~ niortg~tg~ee, and mortga~ee ma~y malce prooi of loss i! not made Pro~Pt1Y b3? mortgagQr, ' . sAd each insuranoe. eompaay ooaoerned ~s hereby suthorized snd directed to make gayment for such . loes direct~r to martga~ee instead oi to mort,ga~or and mortg~e 3ointly, and t6e inauraace proceeda, or ! ~ thereof, m~y be applied by mortg~g~ce at its option ei er to the reduction oi the indebtedness ~ y secnred or to the restoration or repaur o! thep perty dsm~ged. In e~?ent of iorecloeure oi this mortga,g~e or other trsnafer oi title~to the morltgs~ged proper~,y in e~~iahment oi the indebtedness ; ~h ~ p, silp~~ or oi the mortgagor in and to sqy wranoe policies thsa in fon~e ttie 8. Tbst the morte~ ~Y, ~ snY time peadin~ a suit upon tbis n~rtgag~e. appUr Zo the court hsv ing ~nrjsdiction thereof ior the sppointrn~~ oi a reoeiver, and aach oourt alull forthw~th appoint a , reoeiver of the pre~nises oovered hm~eby aU snd siin~ular, inclndia~ ill aud ingu the incane. profita,? ~ . iasnes, and re~reaaes from wrhst~ver souroe derived, each snd every o! whic~,a it~beinS eupreaslY under- atood, is hereby mortSaged as i! apeciflcally aet forth and descrlbed ia the granting snd 2iabendum clauses _ hereod snd anch reoeiver shall have all the broad snd eifective lnnctions and powera in anywise ~ entru~~ed b7 s oourt to a receiver. and snch appointment ahaU be made by such court as sn admitted : ~ eqwty snd a matter of ab~eolute right to said mortga~g~ee, and wit6oat referenoe to the adeqw~cy or inad- ; equacy e2 the vslne oi the property mort~aged or to the solvency or insolvency oi said mortgag~or or the defeadanta. and thst such rents, prorita, moome, issaea, and revenues s6aU be ~pplied by auch reoeiver aa~o~to the lien o! t6is mortgage sn~ the practioe oi auch oourk In the event of sn~r deinnft on the ' ~ psrt ai e markga~or bereunder~ the mortgag~or ~grees to FsY ~ tl?e mortga,gee on demsad as s reaaoo- ~ able manthly renW for the~prem~aes an amonnt at leaat eqnivalent to one-twelfth of the aggregate . ot the tweive monthly installments p~yable in the then current year plns~the actual amount o! the annw~l . tases a~nenta, water ratRS, and insuranoe premiuma for auch year not eovered by the aforesaid ° mont~r pa,ymeata. - ~ . . ~ - ~ 9. The mortgag+or further covenanta that ahould thia mortgage and the note aecur~ed hereby not be ~ eligible for inaurance under the National Houaiag Act within~ ,^n ppyS from the date ~ereof ~ (written statement oi any officer of the Federal Housiwg Ad~is~h7m or suthorized ag~ent of the ~ Federal Housiag Commiasioner dated aubeequeht to.the ,,~1 n~ time fmm the date of thia r • mortgsg~, declining to inaure aaid note and. t6ip ~mortg~g~e; be' ed oonclusive proof of such in- eligibility), the mor~gag~ee or the holder oi the note may, at its option, declare all sums secured bereby immediately due and payable. ' . - ~ 10. That (a) in the event oi anq breach of ttiis mor~age or deiault on the pact of the mortg~~or, or ; (b) in the event that any of said suma oi money herein re~ _erred to be not promptly and ful~y paic~ with- ` ~ • out demsnd or notioe, or (a) in the event t6at each and every the stipulationa. agreemeata, eonditions, ~ ~ and covenants oi said note and this mortgag~e, are not du~y, prompt~y. and iully performed; ~then in ~ eit6er or any such event, the aaid ~ggreg~te sum mentioned in aaid note then remaining anpnid, w~th ~ int~r~st aocrued to that time, snd all moneya aecured hereby, ahall beoome due and payabk iorthwith, ~ or t6ereafter. at the option o! asid mortgage~, as fuUy and oo~nnplete~y as if all oi the said sums oi money ~ were orginall~ atipulated to be p~id on such day, anything in said note or in this mortgage to the contraty ~ notwithstandmg; and thereupon or ther~ter, at the option of said mortgsg~ee, vvithwit notioe or demand, pp ~ k auit at Iaw or in eqnity. may be prosecuted sa it all moneya secnred hereby hsd matured prior to ita insti- • tntion. TLe mortgagee may loreclose this mortgag~e, ua to the amount so declared due endpaqabl~ aad ~ ~ ~ the asid premises ahaU be sold to satisfy and p~y the aame together with co~ts. expensea, and allowances. - In case oi partial forecloaure of t6ia mortgage. the mortgaged premises shaU be aold snbject to the oon- ~ tinuin~ lien of thia mortgage ior the amount oi the debt not then due and unpaid. Ia such caee f~e pro- ~ ~ ~ ~ visions ot this paragraph n~xy sQsin be availed oi therealter ir~r? time to time by the mortgagee. . 11. Thst the mortgsg~or vvill give immediste notioe by mail to the mortgsg~ee oi any conveyuno~ , . tranafer, or change oi ownership of the premises. ~ ~ 12. That no wsiver oi aay ooveaant herein or oi the obligution aecnred hereby shall a! any timie O°p ~ thereaiter be held to be s w~iver oi the tera~s hereoi or of the note secured hereby. • - - - - -