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and insnranoe p~aiums. as the c,ase m~ty be~ _aach eaccees ahalt be credite~t by the ntortQ~+ee oa s~bsequen= .
pqments ~o be mada b~ the mortga~or. Ii. however. the .montiily p~iy?meab made by the mort~~oae . ~
ander (b) a[ Pur+~raph H Preoedin~ abaD not be au~cient bo p~~r~ron~d sents, t~ucea and as~e~ameat~ ~
aad inaar~aoap u~ ~s ihe case m~y b0. whea the a~une et?aU beoo~me dns and pprable, th~en the -
, a~ort~s,g~or a6a11 p~~y to the mort~?ges aqy? ~nonnt neoeesary to m~lce np t6e delfcienqr. an or beiore tha
date whea payment of auch ground renta ta~ces, aaaeesmeats. or. inanranae prernituos shall be du~. Ii ,
st any time the mort~agor s2u~U tender to the mort,~ag+eo 3n acoordanoe with the provisions o# the note
aecnred hereby, irillp~ym
ent oi the entire indebtedReaa repreaenied thereby, the mort,~sQee ahaU, in coaa. ~ . ;
pating the amount o! such indebtedneas„ ~redit to the a~aat oi the mort~agor aUpaym ents made uader ~
the pxoviaions of (a) oi para~graph 2 hereo! which the mot,~~ has not bec~me obll~ted tap~? to the .
~ederal Hocu~ng Commiasioner and a~? balance re~naining~iln tfie fnnds accumulated under the provisions ;
ad af saidp~r~r~ph S. Ii there shaU be a de#anlt nnder aqy o~ the proviaions oi this mo re-
ault~ in s public aale of the premiaes cAVered hereby or if the mortgagee scqwires the prope~~er. ~
wise after defanit, fihe mo ~a,~ ahsll aPPly, at the t~me of t~he ooznmencement ai s~uLb proceedu~s or at . ~
the time the pro ia oth~,e~irwia~°e ~oqnired, the balance then ia the !`nnds aaumulated under ~
a~id ~~wte an _ _ a~' a credit ~ainat the ~mount
o~~pgal then ~~sini~g unp~id under ~
; ~Le d aball prop~er~y ad3ust any p~ymeata wLich aha11
hAVe beea made ander (a) oi aatid par~grapb..
; 4. Tbat he w~l pay ~D tasea. aasesamenta, water rst~ee, and other government~l or municip~l charg~,
~~aes, o~ impoaitiona. for which proviaion has not beea msde hereinbefor~ and in defiwlt thereo! the mor~
. ~+5~ ~ P~9 the ~sme; and tuat he will Pro~mPW? deliver the officisl reoeipts theretor to the mort~~ee. •
~ 6. Ti~t he will permit, commit~ or auffer no waat~. -fmp~a3ranent, or deteriontion ot aaid property or f
~,y ~ut thereoi; and in the event of the failtu±e oi the mor~t,g~tg~or to keep the buildia~a on said premises • ~
~ ~nd thc~e tio be erected. on said pr~miaes, or improvemeats ttiereon, in g~oad repsir, the mortgagee may
mate snch repa~ira ss in ita diac~retion it ma,y deem nee~easary for the proper preeervat~on thereoi. and the .
!hll am~nnt oi each and every such paymeat ahall be immediste~j? due Bnd p~?ubla and ahaU be eecured ~
b~ the l~ ad tbis mortgageo, ~
>
E~ 6. Thst he will pa~ all aad a~gvlar the costs, clurgeq, and eupenses, incl Yr,~sonable ls s
teee~ and ooets of sbatrscts o! title, incurx+ed or pAid st a~y time by the tno
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e~~~use oi the l~ure
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y and iu~y to p e
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iorm the a
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ce
menta sn
d ooven~nts of aaidpram- `
iasaar~? note snd this mor~ and said ooats, c~arg~es, and ezpensea ahsll be imm~te~y dne sad p~y-
abie ~nd shail be aeau~ed by lien of this mor~g~ge. _ ' r:
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T6at he will keep th~e improvements now exiatfug or herufter erect~ed ~ tbe mortB~ P~P~Y, ~
~tnred aa•m~ be reqnired iman ttme to time by the ma~ loes by ~ and other haaarda,
d~anilties, snd oentingencies in aach amounts and ior sucb p~erio~may be reqnired by mo
. snd will P~Yp~o~aP~3?. a?hen dae, sns? Preaninma on auch inanrance for ~aent of which provision
nat beeu made hereinbefore. All insnranae ahall be carried in oo~mp~wes appraved by mortga~ee s~nd .
- . the po~icies snd renewals ther~f shaU be held by mortgag~ee snd have attuhed thereto loss p~,ysble
clsnses in isvor af and in #orm aeceptable to the mortgagee. In event oi ~osd he aiU ~ive immediate ~
notiae b~ m~u'1 to aiorkgs~gee, and mortga~ee may mske proof of toes it not msde pro~r?ptiy by mort~or;
and esch insuranoe eompany eonoerned ia hereby aathorized and directed to mske p~yment for snch .
kiss directly to martga,g~ee inatsad, of t+o mortgagor snd mo~~ ~ou~tly, and the insuratx~ praoeeds. or
any part thereo~, may be applied by mortgagce at its, option eifher•to the rednction of the ind~teda~s - _
beteby seau~ed or to the ree~toration or repair of the praperty damag~ed. In evmt o! foreclosure oi t6is
mortg~g~e or other transfer of title to the mortgag~ed proper~y in estin~vishment ot the indebtedneos '
. ~~het~+eby, aDp~~~ht, titl~ t of t6e mortgagor in and to sa~rmsurance policiea then in lon~e : Y 4
thQ CllasBt
8r Tbst the mortBaKee m~?, st a~? time peading s auit upon t6is niort~gs~ge, ipply to ths ooart 6av i
ing mri~dicti~n thereof for the appointment oi a receiver. and such ow~rt shaU forthwith appoint s :
~ver at the pre~niaes covered her+eby all and , inclading sll ~tnd si~ular the inoo~ne, prof~te, '
• issaes, and rev~aes fi~a~ vvhatever aoaroe derive~esch and every oi which, it bein8 e~cPresalY under- :
atood, is hereby mortgaged as if spe~ciflcally +se~ iorth and dea~ribed in the granting ~nd habendum clausea ~ i
he~reof, snd anch receiver ahall have all the bro~d and e~ective fnnctions and poaera in ~wywise ~
entrosted by s coart to a receiver. and auch sppointment shall be made by anch eourt as an adraitted i
~d s matter of sb~olnte right to said mortga~ee. and without referenoe to the adequacy or inad•
ec~uacy of tbe valae of the property mortgaged or to the aolvency or insolvency of said mortgag~ur or tAe
defea~aats, ~nd that snch rents. pmftts, income, isanes. and revenues sbaD be applied bp such receiver
sooo~to the lien of this mortgage and the practice of snch oonrt. In the event oi aqy defanlt on the ~ 1
paut of e mwrkg~g~or hereunder; the mortga,goragree~ to pay bo the mo on demand as s resuson- .
able montlil~r rental ior the pr~~ an amount s?t l e
a s
t eqnivalent to one-~~th (~sy of the ~ggregate
of the tweive mon
t
h
l
y iastaIlmenta p
a
qable in the then cnn~at year plus t2~e acb~sl ~n! oi the ann w
l
~eq wa
t
e
r rates, an d inauraace preaniuma for a~
h yeu not cavered by the atoreaaid . ~
~4
~ 9. Th+e mortgagor fnrther covenant~ that ahould this mortgstge and the note secured hereby not be
~ eligible for insurance nnder the Nationa2 Housing Act within . Q Yg froa? the date fiereof • ~ _
(wrltten atatement o! an,y offioer oi the Federai Honsing A ~ion or suthorized agent oi the
Federat Housing Commisaioner dat~ed subsequ~t to.the 30 D~?YS ~ f~? the dste of t6is
mortgag+~ declining to insure said note and. thi~s -mortg~g~e, being deemed eonelnsive proof of auch in .
eUgibility), t6e mortgag~ee or the holder o! the note may, at ita option, declare ait strma eecured hereby ~
innmedistely due and payuble. . ~
- 10. That (a) in the event oi sny brea~ch o! this mortga~e or defiutt on the p~rt ot ths mor~i~o~, or ~
(b) in the event ttiat sny of atid sams of money herein re~erred to be aot pmmptly u~d fh~~,y pzicT rrith- ~
• out demsnd ar notiee. or (c) in the eveat that a~ch and every the sti oas, -~reementa, oonditiona,
- aad oavenauta af asid note snd this mortgage~ ar~e not dul~?. Promj~ind fulty periormed; th~ in--- _
either or ~tn,y such event, the said ,ggregate aum mentioned in a~id note then rrmaining unpsid, with
intereat a~acrned to t6st time, and ~11 moneys secured hereby, ahall beoome dne and p~syab~e forthwith,
~ or tltrereafter. at the option o! aaid mortg$g~ee, ~s fuUy and eotaplete~y. as if sll at the said sums of man~r
wen o~rgiesll~r at.ipnlat~d to be paid on suc6 day, thing in aaid note os in this mortgag~e to the oontr~ry '
. not~rithatanding; and thereupon or theresfter. at~e option of iesid mortgs~ee. vPitha~t natuoe or demsa~,
anit stt lavr or in ecNih?. ma3? be proeecuted as if atl moneys secured hereby had matured prior to i~- ~
tut~on The mortgagee may ior8close thia mo sa to the anaunt so decisred du~ ~nd
~ t6e aaid prr,~nises ahaU be sold to satisfy snd psy~asme together with costa, eupenses, an~~~wanoes~ ~ ~
In e~se of partial foreclosure of thi~c mortgage, the mortgag~ed premiies ahatt be sold anbject t~o the con= ~
tinniag Iien of this mortga~e for the smount ot the debt not then due and unpsid. In sach cses t~e prvr
• visi~s oi this paragnPh maY agsin be av~uled of theraafter irom titne to time by the mort~a~ee.
21. Thst the mortsag~r vrill glv~e iwmediste nottoe by msfl to the mortas~ee fiq~?
tranafa~, or chs~e of ownerabip ot the pre~niaes. ~~~a~~Q
' 22 Tbst no watver a! aay eove~unt berein or ot the obli~ation aeer~red bereby shsU at aq~? tlaa~e~
thana~fte~ bs h~d to ba s ~?aiver oi the ternu herdof or o! the note aecured hereb~.
.