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' ~tnd inauranoe premiums, aa the case may such excess ahall be credited by,~?e mortgagee on aubsequent ~ paymeatu to be made by the mortgag~or.~, however, the monthly paymenta made by the mortBaBor i nnder (b) 02 ParaeraPh $ PrecediAB ah~tU not be s~cient to p~yground renta, taxea and aasessmente ' ~tnd inaurance prenaium~ as the caae ai~y? be. when the aame ahall tiecome due and p~yable then the mortga8or ahaU p~? to the mortgagee aqy amount neceaaary to make up the deftciency. on or ~iefore the dste when payment of anch ground renta, ta~c~~ assesamenta. or inaurance premiwna ahall be due. lf ! at any time the mortga8or ahall tender to the mortgagee in ~ccordance with the provisions oi the note , secured hereby. frill ent of the.entire indebtedness represented thereby, the n~ortBaiBee sha11. in com- puting the amount o such indebtedne~a, cY~dit to the account oi the mortgagor ull enta made under ; the pmvisiona of (a) of paragraph 2 hereof which the mor~tga~ee haa aot become o l~gated to pay to the ~ederal Housing Co~ioner and any balance remaining in the iunda accumulated under the pmvisiona of (b) of saidparagraph 2. I~ thei~e ahs?11 be a default under an~y of the provisions of this mortgage, re- aulting in a pu lb ic aale of the premises covered hereby, or if the mortgagee aoquirea the property other- wise after defaul~ the mortga,~ee ahall apply. at the time oi the commencement of such proceedings cr at ~ the time the property ia otherw~se acqnired, the balance then remaining in the tvnda accumulated under (b) oi paragraph 2 precedin~~as a credit against the amount of principal then remaining unpaid under ; aaid note and sha11 P~P~~Y a~~t ~Y Pal'menta R'hich ahall have been made under (a) oi aaid paragraph. ; 4. That he will pay all taxes. aese.gsments. water rates. and other governmental or municipal charges, ; flnea. or impositiona, for which pmvision haa not been made hereinbefore, and in default thereof the mort- gagee may pay the aame; and that he wiU promptly deliver the o~cial receipta therefor to the mortgagee. 8. That he will permit~ commit, or suffer no waate, impairment~ or deterioration of said prnperty or ~ any part thereof ; and in the event of the failure of the mortgag~or to keep the buildin~a on said premises and those to be erectsd on said premises, or improvements thereon. in good repair. the mortgagee m~y • I make such repairs as in its diacretion it msy deem necessary for the proper preservation thereof, and the + fnll amount of each and every sucli p~yment ahall be immediately due and payable. and shall be $ecured i ~ by the lien af thia mortgage. • 6. That he will pay all and singular the coats. charges. and expenses, including reasonable lawyer'a _ l- feea, and costg of abstracta of title, iucurred or paid at any time by the mortgagee because of the failure on the part of the mortgagor prnmptly and fuUy to perforin the agreements a n d c ovenan t s o f sai d prom- isaory note and this mortgage, snd said costs, charg~, and eapenses shall be immediately due and pay- ~ able and shall be secured by the lien uf this mortgage. ' r~ ~ _ 7. That he will keep the imprnvements now exiating or hereafter erected on the mortgaged pmperty, inawr~`-aa ma3? be required fmm time to time by the mortgagee a8ainst loss by Rre and other hazards. casualti~, and contingenciea in such amounts and for such periods aa may be required by mortgagee, ~ ~ and wiD pay prnmpt,~y. when due, any premiums on such insurance for ~ayment of which provision has - ~ not been made hereinbefore. All insurance shall be carried in companies apprnved by mortgagee and the policie~ and renewals thereof snall be held by mortgagee and have attached thereto loss payable , clauaea in favor of and in form acceptable to the mortgagee. In event of loss he will give immediate notice by mail to mortgagee, and mortgagee may make proof of losa if not made pmmptly by mortgagor, and each inaurance company concerned ia hereby authorized and directed to make payment for such loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds~ or an,yp~ thereof, may be applied by mortgagee at ita option either to the reduction of the indebtedness herei~y secured or to the restoration or_ repair of the property damaged. In event of foreclosure of this mortgage or other transfer of title to the mortgaged prnperty in extinguishment of the indebtedness secured hereby, all right, title, and interest of the mortgagor in and to aqy inaurance policies then in force ahsll pass to the purchaser or grantee. 8. That the mortgagee may, at any time pending a.suit upon this mortgage. apply to the court hav- - • ing ~urisdiction thereof for the appointment of a receiver~ aad auch court shall forthwith appoint a ~ receiver of the premises covered hereby all and singular. including all and singular the income~ prnfits, iasues, and revenues frnm whatever source derived, each and every of which. it being exp~ressly under- stood, ia hereby mortgaged as if apeciRcally aet forth and described in the.granting and habendum clauses hereof, and such receiver shaU have all the broad and effective functiona and powers in anywise entrusted by a court to a receiver. and auch appointment shali be made by such court as an admitted equity and a matter of absolute right to said mortgagee, and without reference to the adequacy or inad- ; equacy of the value of the groperty mortgaged or to the aolvency or insolvency of said mortgagor or the ~ defendanta, and that such rents, prnfits. income, isaues, and revenuea shall be applied by such receiver according to the lien of this mortgage and the practice of such court. In the event of any default on the part of the mortgagor hereunder, the mortgagor agrees to pap to the mortgagee on demand as a reason able monthly rental for the premises an amount at least equivalent to one-twelfth (~,is) of the aggregate of the twelve monthly installmgnta payable in the then current year plus the actual amount of the annual ` taues asaeasments, water ratea, and insurauce premiums for such year not covered. by the afoiesaid ` mont~ly paymente. ; 9. The mortgagor further covenants that should this mortga~a~d the note secured hereby not be eligible for insurance under the National Housing Act within aY8 from the date hereof ` (~vritten statement of any oflicer of the Federal Housing A~ mistrati n or authorized agent of the ' ~ Federal Housing Commissioner dated subsequent to the af oresa z~ time from the date of this ; mortgage, de~fining to insure said note and this mortgage, being deemed conclusive proof of such in- E eligibility). the mortgagee or the holder of the note may, at its option, declare all sums secured hereby immediately due and payable. ` 10. That (a) in the event of aay breach of this mortgage or default on the part of the mortgag+or, or (b) in the event that any of said sums of money herein ~eferred to be not promptly and fully gaid with- ~ out demand or notice, or (c) in the event that each and every the atipulations, agreements. conditions, and covenanta of said note and this mortgage. are not duly, promptly, and fully performed; then in either or any such event, the said aggregate sum mentioned in said note then remaining unpaid. with interest accrued to that time, snd all moneys secured hereby, shall become due and payable fo~thwith, or thereafter. at the option of said mortgagee, as fully and completely as if all of the said sums of money _ were orginally stipulated to be paid on such day. anything in said note or in this mortgage to the contrary notwithstanding; and thereupon or thereafter, at the option of said mortgagee, without notice or demand, suit at law or in equity, may be prosecuted as if all moneys secured hereby had matured prior to its insti- tution. The mortgagee may foreclose this mortgage, aa to the amount so declared due andpa yable. and the said premises shaU be sold to satisfy and pay the aame together with costs, expenses, and allowances. In case of partial foreclosure of thie mortgage, the mortgaged premisea shall be sold subject to the con- tinuing lien of this-mortgage for the amount of the debt not then due and unpaid. In such case the pro- visions of this paragraph may again be availed of thereafter from time to time by the mortgagee. • 11. That the mortgagor will give immediate notice by mail to the mortgagee oi any conveyance, ; transfer, or change of ownership of the premisea. ~ ` 12. That no waiver oi any covenant herein or of the obligation secured hereby ahall at any time ; ~ thereatter be held to be a waiver o! the terms hereof or oi the note aecund hereby. ~ ~ ~ i ~ . ~ ~ ~aR~ ~4 ~~~~88 ' - _ _