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snd insnranos p~mninms. a~ the e~ee ma~? bs~ _anch`eacoeieGi~iall'be cred~ted b~ the most~~ee on anbsequent
pymeats tio be made by the aiork~'oz'. If, bow~ever.'t6e mon~? p~yments n~ade by t~he niort~a~oar
under ~6) cd ~ S pieoedin~ ~hsll aat b~~,
t~o pa~,~~o~n
d renb. t~ces and aiseean?eab
and inanranos as the c~ssim~U? b0. when i~he same ~halt become dne aad p~~r~ble, then the
c ss
~w,~r p~ ~ aqy amonat neoeessry to make op the de6cie~q?, on or beiore tha
date whea p~yment oi anch~rents, t~uces, aaseeame~ts. or iasurancs Prdaiums atuU be dua I~ '
at aqy time the n~~r ~l?~11 tender to the mort,~c~es in aooordance ~rit,h the praviaions ot the note
aecured herebY. l~illpay~m~t oi the eatit~e indebtedne~s rept~esented thereby. the mart~ee shall. in cosn-
p~ting the unonnt af anch indebt~dneea~ crreidit to the ucoonnt of the mostga~or a11 enh m~de under
the provisions of (s) of par~raph 8 hereoi wLich the mo~g~s has not beoome ~ted taFU? to the
Fedenl Housin~ Commissioner and any b~alanoe rennaining~In tfie tunda aocumnlstsd undar the provisions
c~ (b) o! said~r~a
ph Z. I! there s6sll be a defanlt nnder an~ oi the proviaions oi tbis mo re-
anltin~ in a p
linb
c aale oi the premises oovered hereby or ii the nwrtgagee aoquires the Pr'cpe
qr~t~er- .
wise after deiiult. the morfSs~ee st~all sPply, at the t~ne oi the oo~nmencement oi aach pros~eedin~a or at .
the t~me the pro~ty is oti~erwwe aoquired, the balanoe then in the tunda accumulated under
n
(b) o,f ph S p as a credit agsinat th~e amouat oi p~l then remainin~ unpsid nnder ,
~
d p~,~
p~ a ~ s
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s which a
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ll hsve msde nnder (a) ot said p
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4. That he will pa~ s11 ta~cesr asseesmenta. w~ter rstes. ~ other governmentst or municiPal chsrges.
~one~, o~r impositions, ior which provision 2ua not been ma~de hereinbefore, and in default thereoi the mor~
~~ee m~y p~ the aame; and that he Aill pro~cnptl~? deliver the offidal reoe~p~s therefor to the mort,~gee.
6. T6at he will permit, cammit, or anHer no waste, imp~irmeat~ or deterioratioa o! said ~roperty or
~ s
~ any ~
a
i
t thereoi; and in the event v~ the failure of the mo
r~r to keep the b on sa~n pretnisea ~
snd ~
hcee to be erected on sa~d p
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a, o~' improvemen
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fnll amonnt oi each and every auch pgyment ahall be itnmediately due and p~yabie, ~nd ah~ll be aecured
b~ the lien oi this mortgaSe~ _
6. Tf~at he will psy all and a~~ t6e oasts, chsrges. snd eocpenees. includin~ i~easorwble lawyer'a
iees~ and oosts o! abstracfa o~ titte, cun+ed or psid at any time by the mortga~ee because of the failare -
; on the psrt oi the mortga~S~or promPt~i? and i ~?to pertorm the agrep.ments and cmreYUnts o! aaid prom-
.
~ issory n,ote and tbis mo _ and aaid costs.~~Chsr~es, _snd eocpe~sea shaU be immediately d~e and p~y
; .
~ ~ ~ able and shsll be a~tred
b~ Hen oi this mortgage. . _ _ . _ _ _ - ~
' Tbat he wiII k the improvemente now eziatina or here~iter erected at the mo Pi'aPertY.
insured as•m~p be requ~ed ~ro~n time tfl time by the mo~~~~ bss by flre and~ har~rds,
casualties, and oontingencies in auch amounta and for auc_6 periods aa m~r be required by n?orlte~ee,
and will p~ypr~o~Pt1y, When da~e~ aRY P~~ on auch insuranoe forp~m
eat oi which provlsion das .
not been m~e hereinbefore. AIl insurance ahaU be carried in oo~npsjnies sPW'oved bY mort,~agee snd
f the polidea snd renewala thereof ahall be held by mort,gagee and b ve attached thereto loss p~yAble ' ~
ctaoses in fa~ror oi and ia form aooeptable to the morkg~gee. In eve~nt oi loes he will a?ive immed'ute
' notioe.by msil.to mort,gsg~ee, and mortga~ee may make prooi of loas if not made Proa?Pt1Y bi? mortga8'or+ ~ ~
and a~ch insnrAnce company conoerned ~s hereby anthorized xnd directed to msace pa,yment ior anch
loes directl,y to m a~e inatead of to mortga,gor and mo jointly, and tbe inaurance proceeds. or ~
. - an,y thereol, nn~~y be applied by mortgagee at its option~er .to the redncti~ of the ind~tednees _
~secured or to the restoration or repair of the property dama~g~ed. In gvent of foreclesure of ttiia
• mortg~ge or other transfer of title to the mortgaged proper~y in - t of the indebtednesa
secured hereb~r, sll n t, title. and int~ereat of the mortg~g"or in and to a~?,wsuranoe policies then in toroe .
ahsll pass to the purc~aaer or grantse. : . °
.
' 8. ~ That the mortg~,gee m~y. at sn3? time Pending s snit upon t6is mor~t~~PP~T to the ootirt Lsv-
~ ing 'nri~diction thereof for the app~intment oi a receiver, and snch oourt forthwith appoiat a
wd
~~ver o! the prPmiaes oovered hereby all and si~ulsr. including aU ~wd the inoo~nne. proRte,
. ieanes, and revenaes from what~rer aonroe deriv e~ch aad ev o! whic~.l~h,~bei»g e~cpr~jr nnde~-
atood, is hereby mort$aged aa if apeciftcmilY aet iorth snd described~ the grantinS snd habeudum ctaaaes .
hereof, and anch receiver shall hsve sll the brosd and effectiv~ functiona and powen in u?ywise
eatruatsd by s oourt tfl a receiver, and such appoint~nent shall be made by such eourt as sn adn~itted
eqnity and s matter of s6solute right to said mortgagee. snd ~vithait referenoe to the adequacy or iaad-
equacy o! the vslae o! the property mortgagpd or to the sohrenq! or inaolvency of ssid mortgag~ur or the
defendanta, and t6st such renta, pro8ta, income, i~sneo~, and revennes ahall be applied: by such receiver
acoording to the lien of thia mortgage and the practioe oi auch caurk In the event of any default oa the
_ ~ pai~ oi the mortgagor hereunder~ the mortgagor a~reea to p~y t~ the ~ee on dcaund as s reaso~
able montlily rental ior the premises $n amount st least eq~ivatmt tu ooe-a~~t~welfth (~is) of the agge~egate -
~ • oi t6e twelve monthly inatall~nenta payable in the thea cnrrant ye~r pl~s the utual ~~monnt of the aan~ul
taz ~menta, water rates~ snd insuranoe premiums ia~ anch yesr nat oavered b~? the aforesuid -
. mv~~y psyments. ' -
9. The mortgagor further eovenants that should this mort~e and the~note eecnred hereby not be ~
- •~eligible for inaursnce under the National Housing Act arithin 3Q DAYS iroa'? the dat~c ~?et'eof .
(written statement of sny a~cer of the Federal Houaing Administration or anthorized agent of the
Federai Houaing ~oanmissioner dated subsequebt to the y~ ~ time fratn the date ot thia
mortgage. declining to inaure 8aid note and. thia ~~nortgj~g~e, ~~de~d eonclusive proof o! such in-
eligibility). the mortgag~ee or the holder oi t6e note may, at ita option, declsre all aums aecured hereby
immediately dne and pa,yable. . - - :1
_ . 10. That (s) in the event of any breach of fihis mo~t~age or deiault on the pa~rt ot the nart~t~os or ~ ~
(b) in the event that any oi said sume ot money herein eferred to be not PromPt],~? and lblly p~id w~tt~
. out demand or notice, or (c) in the event thst each and ever~? the stipalatians. u4?e+eemeats, oonditions,
- and coven~wts of said note ,?nd thia mortgaQe. are not dul~?. promptqr, and faUy periormed; ~then in :
either or any auch event, the ssida~eg~
te anm mentioned in said note then r+~ining nnpaid, wlth e-f
intereat au~crued to t1~at time, snd all moneys aecured hereby, ahell become due aad p~,yabte forthwith.~ ;
- or thereafter, at the option of aaid mortgag~ee, as fnUy and oo~pletely as i! all oi the asid sama of money C''"~ k
were orginaU~r stipulated to be paid on such d~y, aaything in ssid note or in this mortga,~e to the eon
na~withatsnding; and thereupen or thereafter, at the option of s~id mortgagee, wittwat notioe or de~
. sni
t ~t
t l sw or i n equi t
y. may b e proeecu
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~ tution. The mort8'~e~ ~Y foreclose this n~c?~~tgag+e. aa to the smount so dectared due ~und p~yabl~ ~nd ~
E the said pre~nises ahaU be sold to satiafy snd paiy the asme to~ether with coats, eupenaes, and sllowsnoes.
' In case of partiul foreclosure of thia mort~,g~e, the mart~a~ed premiees atisll be sold aabject to the oon- .
: tinuing Uen oi t6is mortga~e_for the amount o! the dPbt not then dae aad unpsid, In such ca+~e ti~e pro- ' ~
F visions of thi8 paruBrsPh nW? sgsin be availed of theresiter irom time to time by the mort~~ee.
~ il. That the nrortgag~or will give immediate nottice by mail to the mort~a~ee o! aqy conv~eyano~
~ no
: trans!'~. or ch~n~e oi ov?nerahip oi the prrmises. ' -
4 ; _ 12. Tbat no ~raiver oi snp ooveaant herein or oi the obli~atton aecured bereby ahall at any timt ~
~ thereafter be held to be a waiver of the terma hereoi or a! the note eeeured hereby.