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a~od ia~ai~a peroninau. ai the e~se aia,~ be~ _io~h eoccer shaU b~ etrditai b~ the most`+~ee oo snb~e4u~st• !
pyme~b ~ b~ m~ b~ t4~ mottp~or. u. bowrv~r. th~ aronthl~ pymatb m~de b~r th~ moefi~t~ ,
asdsr (b) ad pat~ri?ph S p~+eo~ alutl aot b~ wAticien! bo ~ rents, t~ces and aaennrents
iund inwrano~p~ni
~~s tl~e cw a~ b0. wben.lh~ sam~ beooine d~ss snd p~th~ll tlu ~
most,p~or ahsll p~ to tbe t~ agl? anwunt aeoerssq tio maloe up t!w detlcie~q?. oa or ore ~a ~
• dst~ when p~rment os axh lpnnn~ r~at~ tase~. aaeae~ana~b, ce insora~ra praoimms s6a11 be dne. Ii
the ~or~a~o~r shvl tonder to th~ mo~rtp~ee in aooo~+danos with tbe provisions os tAe n~ ~
~ aewred hereb7. iq11p~yn~
t o~ the est~+s zepr~e~nted ~r. ihs mo~es ~1. ' ,
pattn~ the smonnt a~ snch indebtedne~s. credit bo the aooonnt a~ tlrs nartsa~+or all ts made under
the p~+ovidao~ o~ s) a~ pat~raph 8~+eo~i which the ~haa aot beoane ~bl~j s~ted t~Py? to the ~
Federal Hondnt and an~ bsLaoe ~re~~~w~tn t~s ltimds aoc~m~Wated nnder the proviaions ,
at (b) c[ asid 8. Ii ther+e s6all bs a defautt aq~r ai the psoviaions oi this mo re- • !
snltia~ in a lic uk oi the premises oovered hereby ar ii tlre mort~a~ee aoqn~ires~ PrcPe~~
a ;
wise atte~r deisull, the mo ~es ahaD~ sp~t1r. at the t~me ai tlrs t ,
t6e tiane the is oth~eairwLe a~oqai~'ed. the balanoe th~? in the i~mds aocumF~x
u~undeT j
(b oi S as a credit ~sinat t6e anaunt~~ jpe~pal tl~e~ remainins unpaid under ,
~~~~nst aqy p~ym~ts which sbsll have b~ made onder ~s) oi aaid par~raP~. ~
~ 4. T~t hs wIn p~ aU t~cer. asseeements. watez rates, ~d other ~o~rnm~tal os m~micipsl ch~ur~es. I
~ nW~P~11 a~~tLat~he
~ p~i+omn~p~y detiv~the o8~cia1 r~'eceip~b t~herefor~
to
t~~he
mo~rt,~a,~e~e. ~
!i~ T'hst lrewill peranik oaamit~ or suHer no waete, ~npsirment, or dateriontio~ oi ssid ~roperty, or
• an~ ~art thei+eo~: and in the svent o! the failnre a~ tb~s m~r to ~eep the n~s on aad pr~
~ and ~oee to be erected oa~ aaid premi~es, ar improvemenb e~+ew~. in ~ood rebjpairn~, the mort~agee msi?
' matie such npain as in its di~ion it nW? deem neceasa~r~ for the ptePeY' Preservatioa thereaf, and the .
!hll amo~nnt o~ e~ch and every snch p~yment ahaU be immediste~y das and payab~ snd ahall be secnred ;
b~ tb?e lien ai this mortp~e~. v"--
6~. Tbat h~e wiU ptU? sll and the oosts, ehar~es. and ~ocpe~ntea, incl :wsonabk L s~ .
iees,~ snd oab of abstracts c~ ~~~art+ed or paid at aqy tiine by the mort~a~ee~use o! the f lure .
am
on tlre part a~ ti~e morRpSor Pramptb? and to perta~m the a~e+ee~oaents ~tnd oavetunb oi aaid rao- _
~ ~ ~ t~ ~a ~~a~"
~~s~.. ~a ~ .~u ~ ~a„?t~, a~ p,u?-
~,~a.~n ~ ~a~ ~ o~
7. Tb.t he .?Ili~lk~the impro~?mn~?b n~ow esi.tin~ os he~+eaiter e~+ectea on the m~~a p~roperty.
insnred as•m~r be iroon time to time by the bss by Bre snd er hassrds.
au~lties, snd contin~eencies in ancb anannts and iorms ~~~U? ~ re~i+~ br mo~'~Sa~e.
and win pr,yp~+oa?Pt1Y. ~~s~~U? Pre~ninms on auch insnranoe ior t o?~ which provision has
- not beea mads h~reinbeiore. All insuranae ahall be carried in can es app~+aved by mo~rt,~agee snd
. the policies and renewaL thereo~ abail be held by mort~a~es snd ve sttached thereto loa~s payable .
clsns~s in iava~ a~ snd in iorm aooeptable to the mort~a~ee. In e~t oi loas he ~ill ~Ive in~mediats ~
notios ms~l to mort~Bee, and mo~~e m~iy make p:+ooi a? loss if not made protapt]y by mort,Qagor.
and ~ insaranoe oanpa~oy oonoern~d- 3s her~by authosized and dlrected to m~ice p~yment tor sach . ~
~ loes direeW? to mort~~ee inat~d o! to martgagor and morlkQa~es 3ointlY. and the insurance proceeds. or . ?
an7 thereo~. ayY be aPP~d bY mo~B~ee at its option either to the rednction oi the indebtedness ;
b~y
sewred or to the resptontioa or repsir oi the danu~ed. In event oi foreclosnre oi this . ;
~~~e or otl~ tranafgr oi title to the mo properq? in • t or the inaebtea,~ee. ;
herebY, sllp~~tle. snd interest oi tha mort~or in and to aW? nranoe poUcies then in ioroe
s6aU p~ss t~ t6a or ~rantee.
8. Thst th~s mortg~ee m~Y. st sny time Pe~dint a snit npon this nartga~e, apply to the conrt hav-
ins ~riadie~ion thereoi ior the appointa~t o~ s reoeiver, and a~ch oourt shall forth~vith sppoint a
~ vt t~re pt+e~aaises co~vered hereby all and siny~nlar. includin~ aU and~~~ the Inoane. P~~4 "
. iswes, aad ra~oes irom whstsver souroe derlved, each and ev a! which,~t beiug e~cpre~y under-
~a, ~ n~i ~a ~r ~~na~~? ~t t~ .~a a~~a~ t~ ~t~s~?a ~a~,
snd sueh reoeiver a6sU have all the broad and e~ective functioos and po~vera in anywise
~n~ bY a oourt to a reoeive~r, snd soch appointment ahsU be made by anch court as an admitted
eqnity.snd a mslter oZ absolute ri~ht to asid mortga~ee. snd withoat reierenoe to the adequacy or insd-
equa~c~ c~.the valne a~ the pr~o~Y m or to t1~e whr~ncy or insolvenc~ oi aaid mort~ag~or or the
deimdanb, and tbst such r~tts. prot~titi~~ e, iaan~. and reveanes a6sll be sppli~d by such reoeiver
; a~~t~ the liea oi this mort~aQe aad tbe practioe o! aach eonrk In the a~vent oi any deianlt on the
` p~srt a~ herennder the most~agora~rees to p~y tu the na~~e on densnd s~ s reason-
~ abk ma?thl~n :~otsf ior the an smoant st least eqnivale~nt to one-t~
ae7ith ('n:) oi the aggregate
c~ the twahro manthb? ta p~able in the cnrrent ~e~ur plns the actwl smonnt oi the snr?wl
; tases,~
a~ee~nments, wat~r nter, snd insnnnoe premiums !a~ wch yesr not eavered by the aforesaid
; monm4 pwments. . . -
' 9. T6e nartga,~~o~r fartt?er oovenants that ahould this mortgs~e snd the note eecured hereby tat be
c eligible for inauranoe nnder the Nstionsl H using Act wit6in irom the dste tiereoi
(vvritten ststement oi gay oIDoer of the F~aer~l Housing A ' or authorized ag~ent oi the
Fed~sl Housing Co~nnrmisaioner dated subsequeht to.the QAY~ time irom the date oi this
~ mortgage, declining to insure asid note and. tbis ~~no ' de~med eoncinaive proof ai auch in- ~
~~rdtga~g~e~e
o~ the holder oi the note ms,y. st ita option, decLre sll suma secured hereby
~ ~ 10. Tbst (4) in the event oi any breach of t~tis mort~sge or ~tault on the p~rt oi the mort~a~or or
r (b) in the aveat tbat sny oi said sums of money-herein refexred to be not promptly and l~llq p~id w~th-
~ . ont d~a~ or notioe. or (c) in the event tl~at each and every the at~i~1st~ons, ~r~ments, condit3om~
4 and om~enanta oi aaid note and this mortQa~e. sre not dab?. Prompt~Y. and iuUy performed; -th~ in
eit6er or sny wch event, the aaiids~gr~a
te aum mentioned in said note tl~en rnanaining unpsid, with
~ intarest aocmed to th~tt tiaae, and sU moneys secured her~eby. ahall beoonre due and psyable fortharith,
or t6ereafter, at the option o! ssid nwrtgag~ee, aa fuUy snd complete~y as ii all oi the said aums of money 1~
F - were o shpuls~ted to be paid on suc6 da,yan,y tBinS in ssid note or in thia mortgag~e to t6e oontr~ry
€ notwi~~~; and therenpan or thereatter, at the option of ssid mortgag~e~ wit~aut notioe or demsad, :.d'! '
~ suit at lsw or in eqnib?. m~,Y be ~rasecuted aa ii sU muneya secwred hereby hsid mstured-prior to ib ir~tt•
~ ~ The mort~?6~ee ma3? ~oreclaae this mort~g~e, ss to the aa~ount so decls~red due snd i~pabl~ snd
~ ' - tt~e uid premises ahall be sold to aatidy and p~ay the aame to~ether wlth eeata, enpenees, snd ailowances.
' Ia case of partisl foreclosnra oi t6is mort~age, the mortaaged premiies ahaU be aold wb3ect to the oon- ~
~ tianint liea oi ffiis mort~ag~e for the amount of the debt not then due and unpsid In ach case t~e pro-
~ vjsiaos oi this Para~raPb maY a~sin be avsiZed oi ther~iter irom ti~ne to time by the mort,~gee..
11. T6at the mart~s~ur ~vill ~Ive immediate aotioe by nuil to the mort~gee oi sny oouveyanoe, ;x'F :
~ tranater, or chsa,~e e~ ownera6ip of the premiaes. o~ '
~ ; 18, That no wuiver ot ~n,y ooveaant herein or oi the dblisstion secured hereby shall st aWr time
~ thereatter be held to be a waiver oi the terms hereoi or oi the note sea~red h .