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Home My WebLink About1753 _.~_~~~~~~-'~~~7+i~~~...~... - - "1~~=.-l--.r•..--- _ . . _ , . • . . . . . 6?a~.~asf .Xi. ~a....~-- ~ • • ` ' ~ • , ` . and ~osnr~noe Da~+~?inms, as the cae ma,~ be~ _such eoccees shaU be aredited b~? th~ aio~rt~e on snbsequeat pyrmdab ~ bs anade by the mort,~a~o~r. Ir~ however. the month~ ps~mes?b aude b~r the mortga~os a~der (b) od p~ara~ra~h a preoedin~ shsU not be aafficient to p~r~oua sasb. tase~ and asscesments snd insnr~ncs~~nmas, as the case meU? bq. wheu the sa~ne ahsll abeoo~e dae ~?nd p~yable, then the . ~ cr~or~ga~or s]hilI pq? to the mort,~a~ee ~?ny ~noant neoessar~? ~o msts np ths deflcieaqr. on or be!'ore the date whea p~yment oi aach ~round rentar tsses, aaseesmente. or insuranoe preminms ahall be due. Ii st ae~y t~me the mort~ugor shaU tender to the mortgages in aooords~ce with the provisions oi the note secur~d hereby. fnll ent of the ent~re indebtednesa represented thereby. the morkgagee ahall. in conh ~ . ~ putin~ the amount o soch indebtedneas, credit to the ~~coount oi the mortg~or allpaym enta made under . the provisiona o! d) of paragraph 2 hereoi which the mor~tga~ee has not beoo~me obligs?ted tap~Y to the . I~ederal Ho~sine ~oner and a~,y bal~nce r~~ansinin$ in the funds socu:nulsted under the provisions of (b) o! aaid ph 2. It there aha11 be a default nnder any of the prov~sions oi this mortgage re- snlting in a p lic sale oi the premiaes covered~hereby or ii the morkgagee~oquires the property ot~er~ m . wise after defaulk the mortS~ee sha11 aPPI~?, at the t~me o! the oo~onmencement oi such proccedin or at . the tinne the pro~er~ is otherw~se acquir~ed, the balanoe then in the innds accumulat under . ~b~ ~p~ragraph 8 p aa a credit a,gainat the amount~~pal then remsining unpaid under . asid note snd ahaU proper~~~uat sa3? P~Yments which ahall have made nnder (s) oi said paragraph. • 4. That he ~rill pay all t~zes. asseeaments, water rat~ea. and other governmautal or municipal chugea. ~ ltnes,~ or impositions,~ ior which provision has not been made hereinbefor~ ~und in defanlt ther~oi the mort~ . ~See m~U? p~1Y the aame; and that he will promptiy? deliver the o~cial receipts theretor to the ~ortgagee. 8. That he will pera~i~ commit, oi' au8'er no waate, uapairmen or deterioratian of said ~roperty or ~ _ sn~ patt thereof ; and in the avent oi the failure of the mort~tg~or~ keep the build~n~s on aaio prem~s ~ ~ and thoee to be erected on aaid premises. or improvements t~iereon. in ~ood repair. the mortgagee may mml~oe anch rep~~irs as in its discretion it may deem necessary for the proper preservat~on thereof~ and the ieII amonnt of each and every anch pa,yment shaU be immediate~y dae and p~U?able, and shall be secured ~ ' by the lien of this mortgag~e~. ~ TLst he will p~,y ~ll and aingular the oasta. chsrgea, and eocpenses. includin,~ reasonsble la er's iees, and cosb oi ~batra~cts oi t[tley incurred or- paid at any time by the because of the i~ure . nsn p ~ on the pat oi the mortgug+or Pro~nPt1Y and iu to perform the agreemen~~co~vensnts oi anid rom- , • issor~ note and ~ has mo~ ~ oi thia m~'ort and ezpenses ahall be im~nediate)y due and p~y able and s~all bt. ~cnred y S~ ~ - 7. '1'bat he ~1 ]c~ee~ the impravements now existing or hereatter ereet~d on t6e morlkg~ed P~P~Y. insu~+ed as•ma,~r be reqnu~ed ira~m tinne to time by the mo loes by Are and other hazarda. F • psaaitles. snd oontingencies in snch amounts and ior s~perl~m~y be required by mort snd wi11 p~ypromptly, when dne. sny premiuma.on auch insuranoe ior t oi whic6 proviaiong~ ; nat b~en nude hereinbefore. AII insnrance ahall be carrled in oo~m es approved by mortgugee and . T the p o 1 ides snd renewais thereoi shall be held by mortgag+ee and ve sttached thereto loas payable • : cls~ses in isvor o! and in torm aeoep t a b le to t he m a r t g a g e e. I n even t o f l o s s he w i U g ive imm e d ia te ' aot~ioQ b~ mail to morkgag~ee, snd mortga~ee maa? make proof oi less ii not made promptly by mortgagor. i : and each insnranoe eo:np~y ooncerned ia hereby authorized snd directeii to make payment for auch . ' :'tiy loes directlY-to mortgagee instead o! to mortgagor and mort~ jointly, and the insurance proceeda, or . ~yp~ .there~f~ m~y be spplied by mortgagee at its option ei er to the reduction o! the indebtedneas ~ . - fie~rnby secureci or to the reatoration or repair of the property damaBed. In e~?ent oi forecleaure of this . mortg~ge or~ other tranafer of title to the mortgaged property in ~~1tin,~uishanent of the indebtedness a•. aecared h~reb p~~•aU ri t~ title. and inter~st of the mortgagor in and to an,y insurance policies then in force . -'r ~ P~s. to'the p or grant~e. . : 8. T6at the mortgagee m~y, at any time pending a suit upon this mortgage. appl~r to the ~ourt hav- + ing ~uriadiction thereof for the appointment of a receiver. and auch oaurt shaU forthwith appoint a ~ reoeiver ot the pre~ises covered hereby all and aingular. including aU ~nd sin~lar the inoo~ne, pro8ts, , . iasnes. snd revennes froa~a what~ver aonroe derived~ each snd ev oi Mrhic~, it being expressly under- ~ stoo~l, is hereby mortgaged as it speci8c~lly set forth snd described~ the Qranting and habendum clauaes hereot. and snch reeeiver ahall hsve sII tha brosd and e~ective iun~tions and porvera in anywiae entrnst~d by s ooiut to a reoeiver. and auch appointment ahall be msde by auch oourt as an admitted eqnity and s matter of sbsolute right to asid mortgagee, snd withoat reiereua to the adequacy or inad- ' eqns?cy af the value of the property mortgaged or Lo the solvency or insolveney of s~id mortgagor or the defenduita, and thst anch renta. praRta. ~ncome, iasnes, and revenaes s6aU be applied by such receiver ' ' sooo~to the liea of thia mortgage and the practioe of such oourt. In the event of any default on the ` part oi e mortgagor hereunders the mortgagor agre~ to pa~? to the niortBaSee on demand sa a reaaon- able mont2ily rental for the premisea an amount at least equivalent to one-twelith of the aggregatz ` of the twelve monthUr installments payable in the then current year pins the utual ~mount of the annual ' tases a~aessments, water rates, and insurance premiums ior anch ya~r nat oave.red by the sforeaaid mont~ psymeats. . ~ 9. The mortgagor further covenanta that should this mortgage and the note secared hereby not be ` eligible !or insurance under the National Houaing Act wittua irom the date hereof ' (written statement of any o~oer of the Federal Houaing A~~i~~"r5t'CY~fn or aut6orized agent of the Federal Houaing Commissioner dated subsequelrt to.the 3 ~Y t~me irom the date oi thia mortgag~e, declining to insnre said note and. this ~mortgpg~ ~e~g -~eenned oonclusive proof of such in eligibility), the mortgagee or the holder of the note may, at ita option, declare sU swns secured hereby immediut~ly due and psyable. - ~ 10. That (a) in the event of ar~y bresch oi this mortg~e or detault on the part oi the mortQa~or or (b) in the event th~t any oi uid aums oi money hersin referrad to be aot paratnptl~? aiid fally p~id ~th- • out demsnd or notfoe, or (e) in the event that each and every the stipulstions, agreements. oonditions. ~ and covenants oi said note snd this mortgag~e. are not duly, prompt~y. and iuUy periormed; ~then in I ~ either or any auch evenk the aaid aggregate aum menttoned in suid note t~at rematning unpaid, with ` intereat aoerued to that tiine, and all moneys aecured hereby, ahall become due and payable forthwith. - ~ ; or thereaiter, at the option o! aaid mortgagee, as fuUy and oompletely as it all of the aaid suass oi awney 4 were org?inall~r atip~ted to be paid on such day,anything in aaid note or in this mort~ge to the oontrary ~ notwithstsnding; and therenpon or thereafter, at the option of ssid mort~a,g~ee, without aotice or demand. k suit at law or in equity, muy be pro~ecnted As ii sll moneys secured hereby hsd mstured prior tu its insti- ' ~ ~ ~ tation The mortgagee msy foreclo~ee thi,s mortgsge, as to the amount so declared due andpaysbt~ and ' ~ the said premis~ shalt be sold to astisfy and pay the aame to~ether with ooste. espenses, and allowancea. ~ ~ ~ In case oi partial forecloaure of this mortga,ge, the mortgaged pre~nises a}~11 be aold snbject to the con- ~ tinuia~ lien of this mortga~e !or the amount of the debt aot then dne and unpaid. In such case the pro- visions oi thia p~ruQraph msy a,~ain be availed oi thereatter from time to time by the mortgag~ee. ~ 11. ~hst the mortQa~or wiU give imnaediate notioe by mail to the nart~~ee~ o! any oonveyano~ ~ ~ transfer, or cbsng~e oi ownenhip of the premises. ~ ~ ~ ~ 12. That ~ watver oi atqr oever~nt herein or e~ th~ abl~on ~ectubd haeby stfe~~sta~e thereaiter be held to be a waiver oi the terms hereot or oi the note sewred hereb~r. 8~: ( C)~ 5~~