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Home My WebLink About2622 _ _ . _ ~ t - ~ ~ 0 • ti and ioaranoe pe+emiums. ~ the we m~y ~wch eacce~s shaU be credited b~ t!?e mort~ea ob sabseqnent p~eab to b~ made !p the mort,~a~ar. ~ however. t!N month)~r p~yaients mude by th~ mort~o~ ~ aader (b) ad p~ra~raph S pt+eoedin~ shall not b~ ailDdant to piUr seat~. ta~es and aafasnnent~ ~ ~ and inanrmoap nm~ a~ the cw m~Ur b0. wLea the wne ~beoome dne and p~?able, then the ' acwrtQa~or ahsll p~y to t~e mort~~es ar~ smonnt neceeeary ~ aul~e np ths d~eRciency. on or beiore the ; date when p~yment c~ aa~h ~caund rei?b. taxe0. ~eeesments. ar inwr~ros Pre~niums shaU be due. Ii ~ ~ at any time the mort,~a~or shsU t~ender to the mortgages in aooord~?noe with ths provisions ot the nots 'F aeeured hereby. irillp~n~n t of the enti~+e i~~debtednees represented thenby. the mart~s~ee shaU, in coaR- • putin~ the amount o~ anch indebtedneea. credit to the a~oount oi the mort~a~or aU~ym ents made under ' the provisions oi - a) oi pira~raph 8 hereof which the morlt~a~ee haa not beoame obi~ted ta P~U? to the Fedaral Houaia~ er a~d aqy balsncs re~m~ainin~~fn the tunds accumalat~d under the provisions oi (b) ai said 8. If there ahaU be a deisult nn any at the proviaion~ oi this mort~a~e re- sultin~ in a lic ~le oi the premises covered bereby or ii the mort~aSeea~~quires the property ot~?er~ wise sfter dei+wlt. the mort~ee ahaD spP1Y. at the t~me oi the oaamencement oi such procecd~' sor at the ~e the pro is otherw~e aaquired. the b~~lanae then r~~nainin~ in the innds ~ocumulated under ~b) ~~r~s p~ Sl~~osdi~as s credit agsinat tt~e ~mount o! prlnc~pst then re~inin~ unp~id under eaid note and alull proper~? ust uqY P4Yments ~vhich shAll have been made nnder (a) oi as~d p~?r~'aph. ~ i 4. That he will p~y ail tt?ses. aa~saments. water rates, snd other ~ovenuneatal or munictpal chiuges. ~ lines, or impositions, ior which provision has not been made hereinbefore, and in de~ault thereoi the mort~ sa~e m~y p~y the same; ~un~ t~u?t he wiU promptly deliver the o~cisl reoeipts therefor to the mortQa~es. 6. T6at he will permit, oommit, or a~Her no waste; impsirmenk or deQerloration of aaid property or ` ; a~ psrt thereo~f ; and in t!?e event o! the iailure oi the mc.~t~~or to lceep t6e n~a on asici premises ~ and those to be erectsd cn said pre~nises, or improvements ttiereon. in Qood r~p~r~, t6e mortgagee may . malce sach repa~irs aa in its diacr~etion it may deem neoeaeary ior the proper preservation thereoi. ~d the tnD amount ai eacL snd every ench p~yment ahall be immediately dus snd p~yable, ~nd ahaU be secured ~ b~ the li~ a~i t6ia mortga~e. ' Q. Tbat ~e wiri pay aU and the costs. chsr~es, snd expenses. inclu re~sonsble bMryer's . fees~ and oosts oi abstracts c~ titi~~~ncnrred or paid st any time by the na a~~ of tbe isilurs ' on the part ot the mortgagor P~P~Y snd i to perform the a~reements~~" ~?~t~ oi ~a ro~n- ~n? ~t~ ,~?a t~ m~~ ~a ~a ~a ,a~ai ~ a~ ~,8 able and alull be secured by lien oi this mort~aBe. 7. Tbat he wiII keeF the improvements now ezisting or here~iter erected ua t6e mortQiQed P~P~Y. ' insnred aa•m~? be s~eqou~ed iro~a time to fime by the mo~~~ loss by rire and ot~her hszards, caaualtiea, :oa contin~eacies in auch amount~ and for a as may be reqnired by na and will p~y ptiy, when dne, ~qy premiuma on auch insaranoe t~ ent of which pruvision not been ~ereinbetore. .All ina , ~p„ ed in ooa? ea approved by n?ort~e and the policies snd renewala ~gt;epf phall be 3,~d ~r; ~rt;agee a~d va attached thereto lass payabla clanses in favor oi and in iorm~ ~e}i~able `'the?~urtgsgee. In e~v~t of loe~s he ~viU ~ive iminediate notioe by msil to mort,ga~gee, and~moi~~ iU? make prooi oi lo~s ii not nwde A~P~Y bY ~o~6~r. and euh inaurance oompany concerned ~a hereby authorized ~nd direded to n~e paym~t for such loss direct~jr t,o morkgag~ee inatead of to mortga,gor and mo ~omtly, and the insurance proceeds. or , aay thereot, ms~y be appli~d by mortgag~ee at ita option~~i~er.to the reduction oi the iadebtedneas : hern~y secured or to the restoration or repair of thep perty danutged. In eveat of foreclasure oi this - mortgag~e or oth~r transfer oi title to the mor~tgsged prop~art~y in estin~uis2unent oi the indebtedness ~ aewred hereb~r, sll right, title, and interest oi the mortgagor in and to sny insurance palicies then in force shall pass to the pui'chmser or ~rsntee. , 8r Tbat the mortgagee aW?. at aW? time Pe~ding a anit upon tbis mort~ag~e. app~y to the oourt hav- fng urjadiction thereoi for the sppoin~t oi s receiver. and such co~rt shill forthwith~ appoiut a ~ver c~ the premises owered hereby all and sinaular, includin~ all snd_aiaguLr the inoome, puinde~r- ~ . issaea, snd revenaes trom whstever souroe derived, ~ch snd ev o! whic~, it beinB e~cPresslY atood, is hereby mortga~red as i! speciflcally aet forth and de~n bed~ the grantine and habendum clausea hereo~ snd sach receiver shaU hsve all the brosd and etiective lunctions snd powera in u?ywise e~tnu~ed by a oourt ~to a reoeiver. snd snch appointm~t ahall be made by auch court as an admitted ~ eqnitY and a mstter oi sbsolute right to said mortgagee. snd witlwut reterenoe to the adeqwcy or ~nad- t eqnacy oi the ~nlne oi the propetly mortgaged or to the solvency or insolvency oi said mortgag~or or the deiendants, and tbst snch reats, pro~ta, incom~ isaaea. and revennes a6sll be apptied by such reoeiver aooo~ to the lien oi thia mort$aB~e and the practioe of such coark In the event oi ~r defa~lt on the psrt oi e mortgag~or herennder the mortgag~or~,grees to psy to the mortBa~ee on demand as s reason- able monthly rentsl for the pren~ses an amount at least equivalent to one-twelfth oi the aggregate oi the twelve monthly installmenta p~yable in the t6ea cnn~ent ye~r plus the actusl amount oi the annusl ; tu~ aase~nents, wster ntes, and inauranoe preariums fo~ wch yesr not eovered by the aforesaid ~ moat~ p~,ymeata. ~ . , - . 9. The ~rtgsg~or further ouvensnta that should thia mo and the note secured hereby not be ~ eligible for inaurance under the National Houaing Act within 3~AYS froan the date fiereof (written statement of any o~oer oi the Federal Houaing Adminiatration or aut6orized agent o! the- ' Federal Housing Commisaioner dated aubeequetit to the 30 DAYS ' time iran the date of thia mortgage. declining to inaure said note and. thip -~aortg~ge, being deemed ooncluaive proof of such i~ eligibility), t6e mortgag~ee or the holder oi t6e note may, at ita option. declare all sums secured hereby , im~odediately due and paysble. ~ - ' 10. That (a) in the event oi sny bresch oi this mor~e or defiult on the p~ut oi t~ mort~ag~or: or . . (b) in the event that any oi asid su~os oi money herein reierred to be not promptly and full~y psid with- ~ • out demand or notice. or (e) iu the event ~st e~?ch aad every ffie stipulstiaus, ~e+eementa, ooaditions, und covensnta oi eaid note snd thia mortgag~e. sre not dnt~, pm~aa~tly, and fuUy periormed; then in . ~ either or any ~uch event, the asida~regs te aum mentioned in ssid note tben renuinin~ unpai'd~ ai~ ~ interest aocrued to thst time, snd sll moneys secwr~d hereby. sh~U beeome due snd payable forthv~?i . - or thereaiter. at the option oi aaid mortQag+ee, as inlly and oompktely as if all oi the said auma oi money : wer~e or~~atipuls?ted to be paid on auch dayan~ thia~ ia aaid note or in thia mortgag~e to the con - ~ notwittutan a; snd thereupon or thereafter, at the option of ssid n~ort~a,~ee. ~vithout notioe or de~o~ € suit ut law or in equity, may be praaecuted aa if aU moneps eecw~ed hereby had mstured prior to its inati- " - ~ tntion The mortga~ee mAy foreclose this mo aa to the amount eo declsred dae snd~y~ le. snd ~ the asid premiaes shaU be sold to astisfy and psy~san~e together vvith oosts, expenaes, and allownnc~. ~ In case oi pirtial forecloanre o! this martgage, the mort~a~ed preanises shnll be sold sabject to the aon- E tinofng Uen of ttuw mortgage for the amount oi the debt not then due and unpaid. In such case the pro- ~ ~ viaiona oi this P~SlBP~ ~?Y ~ia be avxiled oi thereatter tran time to time by the mortQagee. ~ 11. ~at t6e mort~agor wili give immed'ute noNoe by msil to tl~e . anY ~4Y . ~ ~ • tranafer, or chsng~e of ownership oi the premises. • ~rt~~p~ ~ c~ f A(~~1~ . E . . ~ : 12 Thst no waiver oi an~ eoven~iat herein or ot the obli~ion secured herebg ahall at any ~ ~ ~ thereaiter be held to be a wsiver oi the terms hereoi or ot the rate aecur~ed hereby. ~ ~ . . _ ~ . _ •.~~.r. _ _ iL~ ~ ~