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aad in~nrsnoe par~niams. as the ca~s m~r bs~ _akh axoe~ a1uU bs creditad by the wortQagee on subseque~nt (
pymentt ~ ba in~de b~ the a~~or. If. however, tirs mo~n~ pryanenta made by the mort~a~or
~ nnder (b) ad para~raph 8 preoedins sh~lt not b~ w~ci~t to pa,~? renb. tases aad ~eearaenta ~
and insuras?oeahsll ; to tt?e
mthe c~w m~r ~wn~ the ssm~~beoo~ ~ p~ysblq then the
' da~
ts~
whe~nr p~ymen~t oi ench aria~renb~,
t~u~es. seseea~b. or inanrapnos premina~shaU
be~due ~It '
at a~r time the aartgs~gor ehari tende~c to t6s mortga~+es in aooardsnoe with the provisiona ot the note ~
n
secured hereby, fuU t c~ the enttre indebtsdnees raps+aented thereby, the mort~a~ee a1u~U. in oom- t
p a
uhha~ We smoua! auch indebtedness, credit to the aco~ant oi the mort~a~or all ents made under
the p~rovisions oi a) a~ p~?raarsph 8 be~+eoi w~hich the marlt~a~ee !us not beoo~me ~ted to p~4q to the '
Fedenl Houain~ snd aq~ balaaoe in tha i~mda aocumulsted under the proviaiona
of (b) of ~sid 8. u there a~aU be a deisult ua aq~? oi the provisions oi this mo re. . ,
anltia~ ia a lic aale oi the premise~ o~vered hereby or ii the mo~a~ee ~oqnires the property~~er- y
~iae after defsult, the mo~~~~ at the t~me o! tt~ oo~umencement oi such prooeedings or at
the time the pro is the balsnoe then in tt?e innds ucumulated under
(b) oi S p as a cr+edit ~ainst the amonnt~~psl then re~aaining unpaid nnder
s~id nots ~n stull Prop~~nst uU? P~nnents which s6all ~u?va made under (a) ot asid psra~raph. ~
4. Thst he wIU pq? all tasea, aase~ea~o?~b, watsr ntes, and other ~ovetnm~tsl or municipal chsr~es. j
i~es,,, or impaitiona. for which provision bas not been made hereinbetore, and in default thereof the morw !
s+~ee nW? P~1 the wne; and that he will prompt~r deliver tha o~ci~t reoetpts thereior to the mortgaQce. ~
. b. Tlut he will Pern?ik oo~onmit, or anSer no waste, impsirmeak or deteriontiou ot s~?id property or ~
~ an~y ~art thereof; and in t6e event of the faihu+s of the mart~r ~O heep the be~ild~'n~ on said prerr~ises i
and ttioee to be erected o~ asid pre~nises, or improvemeata thez+~o~, in good repsir. t~e mort6~aSee ~c?aY
~ : m~ce sach repaira as in its discretion it m~y deem neceaeary for the Pi'oI~' Preservation thereoi. and the
~ inll amount oi et~ch snd every a~ch pa~yntent sludl be immediat~y due snd p~rable, and ahalt be secnred
by"the lien a~ this mart~s~'a- ~
6. That he wiU p~y all sad ~ the oost~r, charg~, snd eocpenaes, including reaaonable law~?er'a
' iees, snd ao~stis at abstracts of titie, ncurred o~ pa~id at any tinae by the mo because oi t6e failure
~ the part oi tbe n~c?rt~gag~or pi+ooaptly and inl~y to pertorm the ~reements~co~vet~ants of aaid prom-
~~d
s~~haU~ s~ecuredn~ I'~ien nartQ~g~e.~' and eocpeiues dull be immediste~y dae and p~qq-
That be will~~ee~ the improvmn~ts aow ezisting or heresfter erected on the mortga~ed P~P~Y
insured asm~r be ~u~red ~+o~n time to time by the mot~a~a~a~ nst loes by tir~e and other hasards.
d~naltiee, a~ oantin~ncies in anch amonnts and ior s~ch perlods as ma,y. 6e required by mo
snd wiII p~yprumpt1~y, whea dn~ sny pt+eminms on anch insnraa~oe ior ~yment oi which provision
. not been made kereinbeiore. All insaranoe ahsil be carried in ooanp~ues spproved by mortgsgee and
ti the poiicies ind renewals thereo~ slutll be held by mortgag~ee and have attsched thereto loas pa,yable .
; clauses ia isvor a~ and in iorm a~ooe~table to the mortg~gee. Ia event oi lo~a he will give innmediate
~ notioe-by msil to nzortgag~ee, and morkga~ee may mske proof o! loss ii not mude promptly by mortgag~o~r.
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_ Ioss directt,y ta nxirtgst~ee instesd of to mortgagor and morlt~~3ointly. and the insurance P~, or
- ' 1- anY thereo~, ~rlqy be applied by mortgag~ee at its option ei to the reduction of the ind~tedneaa ' '
~ • bsre~~seCared or to the restoration a~ repair oi the perty dainaged. In event of ioreclosure of tt?ia =
mortgag~e or other transfer af title tio the mor~tg~ag~ed~ n
: secnred herebp. aIIp~~t]~ and interest oi tlie mo p~~ in extiu~uiahment of the indebtedneas
rt,gs~gor ia snd to aqy mauranoe policiea then in foroe
, shaD pass to the or grantes. ;
, - 8. That the nwrtgag~ee m~Y. st siqY time Pe~din~ s snit npon this mort8s8~. ~APU? to the court hsv
ing jariadic.tian thereoi for the sppointment oi a reoeiver. and anch court shall forthwith appoint a -
~ receiver of t6e presnises covered hereby all and singnlu, incindin~ all and sin~uL?r the inoa~ne, pmfitar
issnes, snd revenaes fran whstever aoQroe derived~ each aad e~very oi w1ucL, ~t beia8 e~cPresslY under- ~
stood, is hereby mortgs~ged ~s if speciflcslly a~ iort6 snd described in the granling sad habendum clauses
hereo~f and sach reoeiver shall hsve a11 the brosd and eSective iunctions and powers in ~anywise
entn~s~ed bT a court to a reoeiver. ind anch aPpointment absA be made by such court as an ad~nitted
eqnif~y snd s matter of absoiute rigLt t~ ssid mortgagee, sad wit6out retereuce to the adequacy or inad-
eqw~.y oi the valne of the propert,y mortgaged or to t6e aolvency or in~wlvency of said mortgag~or or the
~ defendants. snd~thst such rents, proflts~ iiroan~ issues. and revenues s6all be applied by auch reoeiver
acco~ to the lien od this mortgage and the practiae a! anch oonrk In the eveat oi any default on the
p~tet of e mortg~tgor here~nder~ the mortga~gor agrees to pa~y t~ the mortga,g~e8 on demand as s reason-
able monthly rental ~or thep~m an amonnt at lesst eqniv~lent to one-twelith (~s) of the aggregate
oi tLe tw~lve monthl,y inst~~Laent~a~p~yable in the tl?en current y~r plus the actual sunount of the ~uAnual - '
ta~cce~ ~a~seesmenta~ wster ratee, and inanraaoe premiums i~ wc6 year not oovered by the aforesaid
~ ~~Y MYme~tta. -
~ 9. The mortgag~or fnrther oavenaata thst shonld thia mortgage and the note aecw~ed hereby not be
. eligible for insurence wnder the National H using Act within 30 day~ from the c~ate fiereof
(written atatement of any officer of the Federal Houaing Adminiatration or anthorirRd sg~ent of the
Federal Housing Commiasioner dated subeequent to the e f ores a id t~ime from the date of this
mortgage. deciining to inaure aaid note and thia mortgag+~ being deemed conclusive proof of snch in-
eligibility), the mortgag~ee or the holder of the note may, at ita option, declare all sums secured hereby
imaiediately due and psysble.
~ 10. That (a) in the event oi aay breach of t~ia mortgage or default on the part of the mortgagor. or
~ (b) in the event that any of said aums of anoneq herein referred t~ be not promptly and fully paid with-
out demand or notice~ or (ej in the event that each and every the stipulations. agmeementa, oond'etiona,
snd covenaats of said note and thia mort,gag~e~ sre not dnly, pr~ptly, and iully perfomied; then ~n
. either or aqy such event, the asid aggregate sum mentioned in eaid note then remaining unpaid. with
interest aocrued to that time,, snd sll moneya aecured hereby~ sl~ll become dae and p~?yable forthwith,
or thereafter. at the option of aaid mortgagee, aa fntly and completely as if s1l of the said aums of money
~ 'were orginall~? atipulsted to be paid on s~ch day, an,ything in said note or in this mortga,g~e to the contra
notwithstancUng; and thereupon or thereafter, at the option of said mortgag~ee, without notioe or demand
suit at law or in equity. may be prosecnted aa if sU moneya s~cured hereby had matured prior to its insti- ~
tution. Tt?e mortga~ee may foreclase this mor~gag+e. as to the amaunt ~ declared due andpayable. and
the eaid premiaea ahall be aold to astisfy und pay the same together vrith ooats, expenses, and albwances.
In asse ot pxrtial forecbaure of this nartgage, the mortgsged premis~ ahall be eold subject to the con-
tinuing lien of thia mortgage ior the amo~nt ui the debt not tben dne and unpuid. In such case the pro.
visions of Wis para6rsP1~ msY ~gain be avsited ot thereafter fran t~ne to tinne by the mortgagee.
~ il. That the aiortgas+or vvlU ~Ive inunediate notice by mait to the mortgagee of snq convey,anee,
; transfer, or c6an~e ot oanerihip of tLe premia~. ~
; 18. T6at Ao ~raiver oi ao~ oovauat here~n or oi the obtil?~?tion aecured Lereby ahaU st any Wn,e .
thereatter be held to be a waiver of the term~s hereo~i or oi the note s~cnred hereby. ~
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