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Home My WebLink About1366 - . . . . - . . _ _ - _r.. .iIId ~L1iT~R00 ~t L~ C~io~II1~ SQC2l ~COr ~h~ll ~ Ci~1~ld by~ ~O~j~OA 01l ~i ' ~ ~IIti ~0 ~N l~~O ~ yL0 1n0?~0~'.~j ~O~/d1f0r~ ~N 1nOt1~ 1D~d0 ~ nnder (b) ad p~sa,~ph S preosdins ~aU not b~ w~t ~o ~ ranb, tasa and asse~aent~ ~ . and insuranca pnmi~~s, ~a the we mp b0. when the auan~ beoo~e dae snd p~rable~ en the mort,~ag~or a6sll p~r to the aa~r amount neoessar~ ta malce np tbe delkienq?, oa or ors the ~ dats when p~lrment ot auch~rent~ tase~, aaseeemanb, os' insn~an~oe P~iutna sball be due. It at any time tho mortgag~or ahsU tender to the mort,~a~ee in aocordancs with the provisions oi the note ~ hereby. ibllpaym ent o! the entirs indebtedne+es represented thet~eb~, the a~ort~ee ahaU, in ooam- ~pu~the amount oi anch indebtednees, credit to the ae~ocnnt o! the mortg~or all eata made under i. the proviaioas oi s) oi p~sr~griph 8 he~reoi which the ~a~cur~ Las not beoozne aW~i~ated to p~?y to the y Federal Housin~ aer and sny bal~aoe~ in fiuida a~ccumn4~ted under the provisiona ; oi (b) oi wid psr~raph Z. If there s6aU be a defautt nn ~ aqy of the provisions oi this mo~t~a~e. rra- : sultina in a public aale o~f the premiaes covered hereby or i! the naoart~a~ee aoquires the property other- - ~ wise aiter deiault. the mo ~e absII sp , at the t~me oi tha t oi such proce~du'~s or at ~ the time the pro is oth~a~i~vise ~oqnir~e~ e balanoa then in t6a fands ~ocumulated uuder said ~ts aad ahsll ust ~t ~~~'r.h a6all h~~w ~a~m~it~e nnder~a oi e~i'ld ~d und~ ~ P~~ ~U? A~4Ym ~ ) P~BraP ' 4. That he will pa~ alt tases, ~asesements. water nt~ee, snd other ~o~vernmentsl or mnnicip~l chaYg~e, ~ ' nnes. or impositions, fos which provjaion has not been made hareinbgiors, snd in default thereoi the mort- ; , ~ ~ m~? P~? the aama; and that he wiU pro~npt~y deliver the o~cial reosipb theretor t~ the mortg~ee. ~ !S. That he wiII pe~mik oommit, or suRer no waste, impsir~n{~ or deteriontion oi asid ~roparty or : a~? _pirt thereof ; and in tbe event oi the #ailnre oi the mort~or ~O lcee~ ths buitdinBs on said premisea ~ ~ ana utose to be erected va s4id premises. or improvemenfis tfis~eon. in ~+ood repsir. the mortgxges m~? ' make such rep~ain as In its diacretion it m~y deem ~neoeaeary faac t6e proper preservation thereoi. and the ~ ; ibnU~ ~nnt ~ sn~ au~ch p,yment alull be i~nmediate~j? dne and pqyable, wd shall be aecured ~ ~ 6r Tbst he wDl pa,~ aU and~ the eosts, chsrg~es„ snd eacp~ses, inclnd~ reasonable Is~vy~+s iees, sad eosts of abstracb oi title~~i ~ncurred or p~id at aq~ time by the mort~~g~e because of the f~lure on the part o! the mostga~or P~P~Y ~nd i to perl~ the agreements snd covenants of atid prao- ai ~ d a~hall~ s~ecnredr - t-ha liea a~tahis mOn~~ ahW be immedist~y due snd p~y . b~ 7. Tl~at ha wIll ,eep the improvementa now esiat~ag oar ha~+e~aiber erec~ed on the mortgaSed property, inanred as be re~i~~ni~i +ed, fra~ time to ttme by the ~~e losa by 8re ~tnd other haz~ids~ casuslties, ~~~n~~ ~n a~? ~t~ ~a ior e~~cb -~m~y be required by mortgagee, or s n~ been made he e~nbefo~re. dti sRy premiuma on aw~ insuhaoe foar t o! which proviaion has - insursnee shxll be carr~ed in ooon es approved by mortgsgee and the policies and renewals thereoi ahsU be held by mortg~es and v~e attached thereto lves payabte clauses in isvoi af and in-form acoeptable to the mart~g~ee, Ia rv~t of loas he will ~ive inunediste notice b~r mai2 ta morkga~g~ee. wd morkg~e ma,y mske p:+oo~ oi lo~s # not aude promptl,y by nwrtgagor. - and ~h ioanranoe oomp~ny conoerned hereby authorized and directred to make paqment for snch loes directly to mortgsgee instead oi to mortgagor and mo ~g~ee ~ointJ~y, and the insurance proeeeds, or sny thereof~ msy be apptied by mortgag~ee at ita optionr~~ither•!o the reduction oi the indebtedness h~aecnred or to tbe reatoration or repair oi thep pert,~ dam~ged. In event oi loreclasure of thia mortg~g~e or other transfer ot title to the morltgaged propert,y in ~~ctin~uiahment of the indebtednees aecured het~eb , all k titae, aad inter~+st o! the mort~ag~or in and to an,~ msurapoe policies then in force s6aU paas to ~e p~~ser or grantee. 8. Tbat the mo:'t6~gee ma~?, st aqy time pendin~ a auit uP~ ~~='t8~8~. aAP1Y to the court hsw ~ /~~~~~"'in~ ~uriadictian thereoi for the appointinent of i reoeiver, sad snch eonrt shaU forthwith appoint a reoeiver o~' the premises e~vered hereby all and singulsr. includin,~ s11 snd singular the income, Profits. ~ issnes, and revenaes froonn whatever sonroe derived, e~h and ~v~ oi which, it bew8 ezPreaslY under- stood, ia hereby mort,gagred as if ape~fl~tly aet forth and de~cncribed in the granting and h~bendmn cLuses ~ hereo! and anch reoeiver shsll l~ve all the br~osd and ~ective fanctions and powen in anywise eatsna~ed by a oourt to a reoeiver, snd wch appointmeat sbaU be nude by auch court as an admitted ~ eqnity and s matter oi ~bsolnte right tu asid mortgag~ee. and wit~iout referenae to the adequscy or inad- equaqr of the vatae oi the property mortgaged or to the solvenc~r or insolvency of aaid mortgag~or or the defendaata, aad tbat snch renta, pro~ts„ income, iasues, and rev~ennes ahall be applied by such receiver sooo~ to the liea oi this morkgage snd the practioe oi snch eoart In the event of aqy defanlt on the pait oi e mortgug+or hereunder~ the mort,gag~or agrees to pay ~o the mo on demand as s rpaaon- . able moathty rentai ior~ t~?e pr~maes an unount at le~st equival~t to one-t~ w~th of the aggngate oi the twelve monthly insWlments payable in the then current year plns the actwl ainount of the snnnal tsses asse~b, water rates~ snd insuranoe premimns fo~ wch yeu not oovered by the sforeaaid mont~ily p~ymeats. - 9. 'I`he mortgag~or !'nrther ooveaants tbat ahould this nartgag~e snd the note secured hereby not be eligible for insuranoe under the Nationsl Housing Act within ttt~ r~ty days from the date i~ereof (written atatement of any o~oer of the Federal Honsing Admiaiatration or suthorized agent of the ; Federal Housing Commisaioner dated subeequent to the {hitty days t~ r~ the a8t~ or tn~ . mortgag~e, dscliniag to inaure said note and thia mortgage, beiag deemed eonclusive proof of sach in- eligibility), the mortga~g~ee or the hotder oi the note may, at ita option~ declare aU sums secured hereby ' inamediately due u?d payable. ~ 10. That (a) in tLe eveat of auy breach of ~eis mortgags or defi~ult on the p~t of the mortgagor~ or (b) in the event that say of said awna oi money herein referred to be not promFtly snd fnjly paid with- ~ out demand or notice, or (c) in the event that each and every the stipulations, agreements, oonditions, ; and oovenaats oi asid note aad this mortgag~e. are not duty~ promptty. and fuUy performed; then in either or any such event, the s~id~grega te sum mentioned in stid note then remaining unpaid, with interest sccrued to tbat tame, snd all moneys aecnred hereby, ahall beo~me due und psyable forthwith, or thereaiter. at the option ot said mortgagee, as fuUy and coa~?pktely aa if all of the aaid swna of money were orginall~ stipulated to be paid on such day, anything in aaid note or in thia mortgage to the evntrary notwithatandmg; and thereupon or thereafter, at the option of said a~rtgsgee. without notice or demand, suit at lsw or in eqnity, may be proeecut~ed a~ if all moneys aecured hereby had matured priar to its insti- tution. The mortgag+ee may forecloee this mortgage. aa to the amonnt so declared due and payabt~ and the aaid premiaes ahsII be sold to s~ttisfy snd psy the same tog~ether ~ri~h oosts. expenses, and sllowxnc~es. In c~se of partial foreclosnre oi tbis mortQage, the mortgag~ed premiee~s shaU be sold subject to the oon- . tinninQ liea of this morlg~e for the amaa~nt of the debt not then due and unpaid. In such caae the pro- visions of this paragrsp6 may agaia be svailed oi thereatter irotu tiine to time by ttie mort~a~ee. - 11. Thst tbe wurtgag~or will give imaaediate nottoe by m~?il to the mortgagee of any conveyanoe, • transfer, or chan~e oi ownera6ip of t~e premiaes. : 12 Thst no wa[vaz oi anp oovensnt herein or oi the ~on eewred hereb~ ahall s! aay timie ' thereaiter be held,to be a waiver of the ternis hereoi or oi the note ~eeured h~r~6y. ~V~ : . ~ . ~ - - - - w - s - - - - - - - - - _ _ _ _ _ •