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. d in"sn~pee-ps',~enai as tha m~r ~anch exoess sluat be ctbdlte~ by the mottQa,~ee o~ ~ub~equen~
enb to,;lie.;m~e b~r tha R~~r~~ ~ howrever, the mo~?thly p~?ments made by the nsortQa~os
~ der;`(b)~.c? ~seastaPh S Areoedin~ shaU not b~ w~cient to pa~?~~ronnd re~nts, t~ucea ~u?d~ae~essment~ :
d.insur~wcs_ premia~ aa ~he caas ms~r bs, wh~ the aatae•shall beoo~ne due snd p~yablq theri the q
n
r~~or s6s11 p~y; to the mortQa~ee any ~wnonnt neoesssrg to mstce up the deflcieacy~ on or before the ~
te;whea:pqr~meat ~ aach Yr~onnd renta, ta~ces. ae:eesenenb, or i~sur~noe prerniums sha11 be due. If ~
t aby tl~o~a the ~11 tendes to: the mortQa~ee in aooord~nce with the proviaioui~ oi the nots ' ~
hereby; !nU ' t oi the aut3rs indebtedr,ees repre~ented thareby. the mork~ee ~hall. ;n com+ ~ '
titt~:the':~aaount iudebtednee~. credit to the aaoount oi the mort~a~or aU en4 made unde ~
e p~c+b~ttaio~is iai a o~~ph 8 hereo! rrfiich the mort~a~ has not beooaae ~ted to pay to th~ £ :
edsral ~iouain~ ner and sRy balance re~m ' in- ~it
e faiids accumuilated under tbe proviaione '
f(b)
~o! ~id Ii tl~ei~e sht~U be a deiault un er ~ ot the provisions oi this mortga~e~ re. ~
. ~i?i p lic oLthe premiaes oovered hereby or if the morteag~es aoquires the property ot~er± ?
•~~~~def~ult. e a[ort~ag~e ahsU aPPI~?. at the t~me at the ooaaraenoernent of such proceedin~s or at ~
~he tir~~
:t4e:Pro is othervv~ia aeqnir~d. the balance then ia the funda aocwnalated unde~
• ib) 8 ' a credit;ag~inst the amount o!~in p~t then r~uining unpsid under
.d~'~e,a~ '.~baU P Per~
~~a
iu~~' an,Y P~nents which ahall have b~en m~de nnder (a) oi said p~ra~rap ~i
4. That he will all tases,~'assessm~nte, ~rater ntes. snd othsr ~ovenrmenW or municip~l chu~gea~ ` , i
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he mo r G~
~a,~ee m~y p~y ffie asme; and that he wiU promptbr deliver the o~tHcial receipts therefor to the r~cortga,~ee. - ;
b. That he will permit~ oammit, or suHer no ar~stte, iinpsirmen or deteriontion oi aaid property or '
~ any put thereoi; and ia t6e event o! the lailnre oi th~ . ~ep the buildiugs on sain premises
~ ~a t~~ t~ t~ ~cea ~~a p~~, ~~,p~~,~?~ ereon, in good repair, the mortgsgee may
mate such repairs as ia its discretion it mu~y deem neoeasary for the proper preservation thereof. wd the ~
#nll amoant oi esch and every auch p~yment shall be. imrnediabe~t due'~n~.pay_abi~;•ati81~hs11`be.se~ui~ed '
by the li~ of this martgag~,
6. Thst he rvill pa~y aU snd s~ingular the oosts, a~u?rge~, and exPenses. inclu reasonabk ls~ryer's ; I
! ~,~d:~osb ~of;~~•t~t~e;~4~r~d or ~id a~ aqT time by the mort~a~ee~~s~Oi the failure
~o~te~st~,~o~.~t ,q~Q~tgagar p ptlJi~d stA.~Der~o~nu~th~a agrcementa u~d ooveaants of said rora-
~ies~ry~<u~qt~~tnd~t~yp.mo ~~~~~?aud.e~petLe~a:~Lb~~~R~1d!~e'~~•
ae~e~ .bfi~~of flusmor~a~e. ~'O JJG 1~.6 uo~r.u ~in~ ~o:
:u o ~
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7. That he'vill keep th~e improv ents now e~cisW~g or bere~fter erected on the martBae~d P~PertY. '
6t~ifrit+ed ~m~p be reqnired Ira~n time~q:;ime by the mo nst loss by flt+e and otber hazards, ~
;~asualtues. sad oontingencies in auch ~omounts snd for au~
~as a~ay be required by mo ~
a ay
. . , ,
md will p~y : tlir arhen dn~e.
~.sn,~r.Prem~wns on such ~nsu_r_anoe for ~ymgu~_~.which px+~~~io~a~ as~ ;
~ot
beee Yn~erh~i~efoi~ =
All ~iiatir~inoe ~stiaU lie ,carrie~ in -oom e~s. approved~ by mortg~ee ana ~
~ the policies and renewai~s thereof ahall be held by k~nortgagee-'
~?in~ ~~ttached thereto loss ~wyable
clauses in iavor of and in lorm aooeptable to the mortgagee. In etirent,of to~s he,,will give ,immediate ~
~ notics by maii to mortgagee, and mortga~ee ms3? niak~%p~+oot ~af ~ka~'i~'~bli~~`b'rb~ap`tl}~ ~'~oirfi~or,
aad each ' a
~nsnrsnce campan~y conoerned ~s hereby suthorized ~nd directcd to make pAyment for auch
' loss directly to mo instead oi to mortgagor and mo ~otntly~ and the insurance proc~eeds, or • j
ro eed
~~?~t~t. pn~? 3pp~ied~~y=m;o~g~gee at its opttonEei er•to the reduction of ttt~pindebtedneaa y
.upcttred or to t~e restorataon or repair of the property dama~ed. In event of foreclosure of this ,
o .trau~ter,. of title, to.
~ . ~DOrtS~ M ~ A . . .~ort~c~ed. ~roPett3?• iz? estiaguis~ument Qf .ttie; ~ ~btednea~ ,
, peai hereb . l~lT t; litle;: and Inti:c+~of ttie t~a~tgsigor }A ~}n~ ~;d~~ nsursiice, i p~ i~p~e
~ .s ~3~• . ~~:..•~.7:! t t ~i.GLi-
~:Z. M7~1 dUt Ji. U ti l il v'~~1: ~ Jc:.~~ ;~i
Bql~~ ~~1~~'i , ~ : 1 ~ ~
~;~c wc. u1~::u::~ !•h ~..s~? :::~c.y - ;;nq . ~ i'
• ~8. ~'i'hat the mortg~g~ee m~,y, at any time pending a sutt upon this mortgage. appty to the oourt hsv
~ng ~urisdiction thereof !or the appointment ot a receiver~ and such court shsll forthwith appoint a
'r~Iti~'r`tif the prEmisea covered h .sU and si ular, , ngu4~r the iacome. pmlits,
ereb~r . AS incladinQ all and si
ai~'ii,~aad'l~eveuues from ~vh~tever aouroe derived~ e~ch snd every oi whuh. it beiag expressly under-
' :stood.~ahereby mortgage~ ~s if specifkall~aet-forth and deeeribed iathe gran~ingand-habendum clauaes
hereof. snd such t+eoeiver ahetll hsve all the broad and effective inactiona aud- powera in anyyvise
ent~vated by a.aourt to a receiver. and auch sppointmeut ahall be made by snch oourt as an admitted
equity and s matter oi ab~olute s~ght to ssid mortgagee, aad without reference to the adequ~cy or inad-
eqwcy of t6e value of t6e property mortgaged ar to the aolvency or inaolvency ot aaid mortgago~~or tlie ~
defendants. und t2u~t s~ch reuts, pmlita, incorne, issues, and revenues shsU be spplied by such receiver
aooo~ to the Uen of thia mort,gage and the practice of ~uck oourk In the event of a?ny default on the
put oi e mortgagor her+eunder! the mortgagor agrees to p~y to the mortgagee a? demand as s reaeon-
able monthly rental• for- the rem~ses sn -smount at least equivalent to one-twelfth of the aggregate
oi the twelve mon a en
thl,y inatsl enta psyable in the then current year plns the ai:tual amount of the annual
ent~,,~vater ratea Ip~~r~~x,premitmns for snch year not covered by the sforeaaid
m~t~~l '~p~'
'enb. ;~eii._~...L~ _s: ~1,a , z-.. - ~ ,
s{~.r.• '
eligi~ile for ~ina~u~c~e
u
de~r~e Na
o'
nal~Houa~~Act.w~~~~~~e Aote secured hereby~ not 6e
w:rittem.stat,ernent of a ~ f~ t~e date hereof
ny oflioer of the Federal Honaing A on or authorized ag~ent of the
ederal ~Iou~in8;~}Pmi~9i?e~=da~ed~ee4neatit~sthe?~`~' -•'~'time irom the date of thia
pturtgaBe,~deelintng to;znsyr~ $sid=t~ote and this~mortga~e. being deetned ponclusive proof of such. in-
eligibility)f-1the~~nqrtgi~eec~oa~:~he~h~3der:Qf ~t~~not~e rpa at•ita optioa, de~lare:all.+~ums secured h reb
immedia~el~r d t~ ~r~~e' Y' e y
~ .a~~' ~ Slfi~~+.~- ~ G t O / $t:(.Ri.fi( S'I.GI>% l` .r.i. '•'.G 1:11'.~ i.:Ct.'~•' i -
S~,• 1 1'• IN F t 1 • ~ t•j
~~:=~;=:10, yThs~t~.(~} in~the~~v~2ntfvfi a~~reufi ~i'~thia 5nortgage or default bn~the part ot-the mortgagor, or
~ :~6) ~n-tht:eventth~kar~`o~f~aaids~msefanoney~he~ein referred to be ttot promptly~su?d fuily paid with-
Put-~lemanc~~ors notite:;~~l~)~~i'~ e~ne~?t ~at~~h and everg the atipulationa. agreements. oonditions,
• end govg~ts•.a~•asid~.not~~nd:thir~pzoitgage~-xre not duly, :pro~nptty,~ and fully'perforrned; then in
git~? r, a~?xi,s ev~~~~,t~~;~a~d~ , tg~sy~u mentioned .ia aaid Aote , then t~ining unpaid. with
A
~pt~ : ~ ~4~,.~ . :~non~Yp~ ~,cured h~reby, ahall tieooane due and payable .forthwitb.
. A.r~ . rea~gx .~t: QPt~~n~ ~,~q~u~•W! ya~s.fully aad coznpletely s~ if all'of the said sums of money
W?ere~.°re!~:~t~ 1iq ,Q~" :p~u~l Pq ~~c~, . snything in said note or in this mortgage to the oontr~ty
~otv~thst~?ndufg; aii ereupon~or the~eafter. at the option of said mortgag~ee~ w'tthout notice or demand,
+~i1iti st;ls~ifrb~ ln~equi~y''t~da~'b~°p~oi~epted ~s if all moneys secured hereby had matured prior to its inati-
tution. - Tfie mortgag~e;di~~"~o
~fo'se~ `ttiis n:ortgag~e, as to the sunount ao declared due andpsyable, and
~he said~~iefiiiates!shaliz ,'~old'to'~hs~Iaf'~i snd psy the awne together with oo~ts, expeneea. ~tnd a1lowAnces.
Tn case~ of psrtial`Yore~1"a~ilr~ ol~thia'mortga~e, the mortgaged premeaes aha)1 be so)d aubject to the con-
tinuirig Ikn~ oi~tliiwdio'itgfag~ fok~ttie'kinount oi the debt not then dne snd unp~id. In such case the pro-
~iaut of thi~ ~rpg~?ph ma~z~ags~q be ~vailed~of thereaiter from time to time by the iaortga~ee.
l:~' .I.l•:~= .~v u.:t:r6t ;tt~h ~~~i.. ~ . . • ~ ' . . . . .
ti?l112(~:~' ~)b G~~:iuYib u(, v~~ ~t~.t.;~st1r _r.:;<,,,
J .LI~J~ ING UJU1.~'iiJ~.~li. If.);, . ,.it.;•~~~:°j•. ,;•~ti• . . ~ t:~F~ . .i~i~~;~. .R. ' •
~ ~o~~~ 86 ~37