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Home My WebLink About1718 _ - ~ .....f._r _yrg,~~:~.~«-r ~ . . •.:.~st~ab . ~ c: - ' • ~ ~ • - • . . ~ \ • ~ n ' . ~ . ~ / . ' ~ • • ~ . ~ • • • ~ , t ~ i~d ~~I~tnllt~ Y~ CYe ln~ ~niC1l l~Oe/~ ~ C~~ ~ UN mQ!'t,`~~0! 0~l eqb~Bqri~IIt ; . p~~s~ bd b0 ~f ~ ~ ~1'. ~ b0w0Y~0li ~10 3n0II~ ~D'l~b D~e ~ ~le II10?~i$'Or , andee (bj at patspraph S ps+eoedin~ ah~ll noR b~ w~dent ~a p~,~?~onn d reni~„ ta~cea and as~esamente ~ and inswranos~im~, u the t~ss my? be. whea the aaaae ~haU beooo4~ dus and p~yablq then the ? most~or sbsli ps~ to the aqy amouat neoesssr~ to malce op tbe deActenq?. oa or before the ' dats wben p~Urment oi wch j~renta, ta~ces~ sseeesme~nt~, or inauranos premiama shatl be due. Ii ~ . at sny time the aast~~ar ahsU tender to the nwrtgages in a~ooord~nos with the proviaians oi the note ! secnred hereby, inllp~ t ot the entire indebtedneas reprmented thereby. the mortga~ee shall. ia com• ~ tin~ the ~nount oi anch indebtednas. cradit to the ~oaount oi tho a~ortQ~r stl p~?menta made under ~ ~he provisioas ai (a) oi ParagraPh 2 hereoi which the mor~es has ~t beoo~me obbgatcd tvPa~? to the i Fedenl8ouaing Commissioner snd any bslance remainiag in e ibnds accumnlated under the pmviaions ~ oi (4) of siid~aragn ph & Ii there ahall be a detault under any oi the provisiona of thia mortgage re- ` . anlting in a p liub c ssle oi the premises oovered herebyt or if the mortgagee aoquirea the property ot~e~ ' wise atter detsutt. the mortga~ee shsll applY. at the t~me ot the oo~nmenoemeait oi such pr~eedings or at ~ - the time the prop~y is otherw~se ~u~qnir~ed. the balanoe then in tbe funda accumulated under ' (b) oi ph S p as~ a credit ~against the ~unotwtr~psl then remaintng unpaid under ; • eaid note~ahaU properly~~~ust any payments which ahsll h~tve matk under (a) ot eaid paragraph. _ • 4. That he will p~,y all t~zea. ~aseeamente. ~?ster ntes. and other g~averamentai or muuicipal chargea~ i l~nes, or impoaitions. ior which provisioa haa not besn made hereinbefore, ind in deisult thereoi the mort,~ ! ~ag~ee m~y p~y the saaas; and thst he will pro~c?ptly deliver ths o~cial receipts theretor to the ~ortgagee. R 6. That he will permit, oo~amit~ or suSer no w~st~ in~pairrmeal~ or deterioration oi aaid property or ~ an~r part thereoi; ancl in the en?ent oi the iailure oi the moztgagor tA keep the build~ on eaid premises ~ ~ ~ and those to be erected on ssid premises, or improvements ttiereon. in good repair, e mortgagee may a~~ . ~nal~e such repairs'us in its discretion it ma,y deem aeoeasary ior the proper preservatioa lhereof, and the ~ !'nll aenoant o~ e~h snd every a~ch p~y~ment ahall bo immedi~e~ due and pqyable, and shaU be aecured ~ by the liea of this mortg~e~. . . That he will pay all and ain~ilu the oosta, clur~es, and eocpenses, iacln~din~ reason~le i~wyer's ` iees, a~l costs ot abstraab o~ title~ incurred or paid at suy time by the wort~~e becawse of the faiiure ~ ~ . on the part oi the mcrt8~r P~Pt1Y and to perlorm the agreements and oovenants of said prom• . iasor~r n~ote snd t1~s mor~ and sa d oo~ts~~~~har~es~ snd ea~peases e6all be immediately due and pay ; able aad ahaU be ae~ured by lien od this mortgage. . ! : 7. T6at be will keep th~e improvements ~w existing or hereatter erected on the mortS~Sed P~P~Y. . ~ insured as•m~? bs required iroo4 time to time by the mo~~e lo~s by tire ~nd other h~arda, ~ e~sualtiea and oontingeacies in anch amounts and ior aucb peri~m~y be required by nwrtgagee. ~ snd will pay ptly, when due~ a~y pre~niums on auch insur~ce far p~y~aent oi which proviaion haa . ' nat been m~e hereinbefor~ All insurance s1~sU be carried in awonpa~ues approved ~by mortgagee and ~ ~ 'the policiea and zenewsls thereoi ahsU be held by mortgag~ee and have att~i?ed thereto losa payable ; • • clanses in iavor oi and in lorm aooeptable to the mortgagee. In a~v~t of loss he aIll give immediate ~ notioe by mail to mortgag~ee; and mortga~e may malce prooi at loss it not msde pr~o~»ptly by mortgagor, ~ ; . aad each insnranoe oanpany conoerned is hereby authorized snd directed to make payment for auch . : ']aas direct~y to morltgagee inste~d oi to mortgag~or snd morl~ jointly~ and the insurAnce proceeds. or ' . any put thereof~ m~? be applied by mortgagee at its option ei er t~o the reduction of t}ee iadebtedness _ _ here6~ secnred or to the r~toration or repair of the ropert~? dams,ged. In eveat of foreclosure oi this ~ mortgag~e or othe~ transSer ot title to the mortga~ proper4y in esti~ ~ish~ment oi the indebtedness ' secured hereb7,~11 righ~ title. and intereat oi the mortgagor in and to any nranoe policies then in force . : ahaII paes to t~e pwrchaser,or grantee. - ~ . E 8. That the mortga,g~ee ms~?. at any time pend~n~ s suit upon this mortgag~e, apply to the oourt hav { ing ~urisdiction thereoi for the appoiutment of s receiver, and aeich coust ahaU iorthwith appoint a ~ ' reoeiver of the prenniaes covered hereby ull and singular, inclndin~ aU and singular the incane. pro8ts. n ' ~ iasnes, snd revennes frosn whatever souroe derived~ ~ch and e~v oi wh ' it betng expressly nnder- I . stood, is hcreby mortgsged ae ii apecifice~lly set ~orth and described~ the gran anc! hsbendum c2auaes ~ bereol. and anch reoeiver shall have sll the braad uad elfective ianctions and powers iu anywiae ~ ' tntnut~d by s couit to s receiver, and auch appointment sl~ll be made by such oourt as an admitted ~ ~ eqnity and s matter oi abmolute right fio said mortgagee, snd withart retereaoe to the adequacy or inad- * ' equacy of the value of the pr~perty mortgaged or to the sohrency or inaolvency of aeud mortgagor or the • ~ defeadaats, and that auch reats, pmflts, inoom~ isae~ea, and s~evenn~ ahsD be applied by such receiver aoo~~to the li~ oi this mort,ga,ge and the practice of snch oourk In t6e event of sny default on the ~ ; psrt of e mortgagor hereundert the mortgagor agrees to pay to the mortgugee on demand as s reaaon- = able montl~ly re~atal ior the pr~?~a ~n amount at least equivalent to one-twelith {3is? oi the aggregate ~ ~ of the twelve monthl,y instullments payable in the then cnneat yeu plns the actuat amount oi the annual ~ r water rstes, and insuranoe premiums for anch ~ear not eovered by the atoresaid ~ ~ ! - 9. The ~ort,gagor further covenaata that should thia na snd the note aecured hereby not be ' t eligible for insurance under the National Housing Act withia ~p yg iro~ the date hereof t ~ (written atatement of ~ny o~oer of the Federal Houaing Admiais~iafion or authorized ageat oi the ~ Federal Hauing Commissioner dated subeequebt to the 3~pAY~ ~e fram the date of thia ~ mortgage, declining to insure said note and. thiss enortg~ge, wg eeined oa?nclusive proof of such in- ~ ~ eligibility). the mortgag~ee or the holder~ ot the note may, at ita option, declare alt awns secured hereby : ~ ; . immediately due and p~yable. ~ ! 10. Tbat (a) in the event o~ u?y bre~ch of thia mortga~e or defautt pn the part oi the mortgagor, or ~ `(b) in the event ttut aay oi aaid anms ot money herein referred to be aot promptly and fully pa~d with- . out demand or aotice. -or (e) in the event tfi~t each and every the atipnlstions, agreementa, aonditiona, ~ snd coveasnta oi ssid note and this mortgage, are not d~r. pra~mptly, snd fuQy periornned; -then in ~ ~ either or aay such event, the asid aggregate a~un mentioned in ssid note thea reaa~ining unpaid, with . intereat aocrued to that t~e, stnd all moneys a~ecured hereby, ahull beooane due u~d payable forthwith, j or therrafter. at the option oi aaid mortgagpe, as iuUy and c~tpletely as ii all ot the said sums of money were orginall~? stipulated to be paid on such day. snything in said note of in thia mortg~g~e tfl the contrary ~ ; notwithstandwg; snd thereupon or thereafter~ st the option of aaid mortQuge~ wfthout notice or demand, j y • suit at bw or in equity. m~?y be pro~ecut~ed as ii nU moneya secured hereby had mstured prior to its inati- ' tution ~~~t~~ ro~~ t~~ ~,o~s,~~, ~ c~ tn~ ~t ~o a~~a a~ ~apayabie, and • I' the said preaaises shaq be sold to aatiafy and p~qy the same together with costs, expenses, and allowaaces. . , . In case of psrtial forecbsure of this nartgage, the mortg~g~ed pre~niees a?u~D be sold subject to the con- ; . tinuing Uen of thia mortgage for the smount ot the debt oo~ then due and unpsid. In auch caae the pro- • visions oi thia p~ragraph n~y again be availed oi thereaiter tro~n tinne to tiine by the wortgagee. - • 11. That the t~ortgsgor wriU glve immediste notioe by maii to the wort~s,~ee af ~un,y conveyanoe~ • tr~tasier, or diange of ownera6ip oi the premises. . , 12 Thst no waiver oi ~ny oovensat her~in or oi the obli~ation secured hereby h at t~me ~ thereaitet be held to be a waiver of the terms hereoi or oi the note secured hereby. ~,~j • r~ "7