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and insuranos pt+emiums. iu the c~e nu7~, wch e~coen ahaU be ted by the mart~a~es on subsequeat '
p~neab, to bs m~de by the _~nozk~a4"or. ? Ii. however, the moo~ pq?tneats aude by th~ mort~a,Qor
nnder: (b~ ot pari~iph S preoedtns ehaU' nat b~ ~wldcient to pa,y d reab. tsxes aod aaaessmeats .
and iainren~cspr~u~m~ ~~s ttie• we n4+V be. ~rh~ the ~ame .~a~`"°~"a~ome a~ .na p~u?,?~1q th_en the
ocwrt~o~! stull pt1y to tha m~t~a~ee u~? a~p~ow?t neoessary to make: ~p ths daQciency, on or beiore the
d~ts shen p~?'ment ai auch ~rouod ~cents. tue0. aaseeameata. or insurancs premiuma ahsll be due.
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at an~ tiroe the mort~a~ar ah~U tender~ to~he mortga~ee in aooordanae ~?it6 tlie provisiona oi the note ~
aecwred herebY. irillp~men
t oi the ent~r~e indebtedne~s represented thsrebY. the mortgagee shall. in com-
pntint ths ~uaonnt oi. anch-indebtedne~s, cz~edit to the ~ooount ai the awrt~a~or u11paym enta made under:.
s
the provIdons ai s) oi par~raPh 2 hereoi which the mo ~b~s not beoo~ma obligated tfl paY to the'
Federal Housin~ ~ner sad any baLnce remaining in funds a~eumulated under Lhe proviaions.>
oi (b) ai sstd 2;: Ii there ahall be a defautt ander iuny of the provis~ons oi this mortgage re-:~
sultin~ in :a lic sal~ oi the pr~miaes
covered hereby or if tbe aicrt~a8ee ~o4Vtir~s the Pmperty ot~?er- :
wise i?fter detsult, the mort8~ee slu11 ap . at the t~me oi the oommencement oi auch proceedin or at :
w e
the time the proper~y ~s otherw~ee.~oqni the balaaoe then in.the tunds accumula under.'_
(b) oi ara~aph S P. ss ~ credit a8sinat the smount
uf~~~P~1 t~?e° i~enc?sining unpaid under
d~
p aud e6aU Pro~er?y~~~ust au~? P~Urmenta which ahall have ~
en mad~. uader (a). of said paragraph.
u
. a. Thst he will p~,y all tase0. ~~es~neuts, wa~er rat~ea, ~nd other ~overnraental or municipal chargea.
~
ma~~
he~eame and~thpat
he~~
ill p~i~wnp deli~
the ~ ~i+
eeip~ t~her~efor t
the
fmort~
~gag^es.
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6. T!u?t he will permit, oommit, or suHer no waate, impairment, or deteriontion oi aaid property or ~
any p~rt thereoi; snd in the event of the ia~lure of tl~e~mo r, ~.l~ep.the buildin~a on aaid premisea
~ snd those to be erectsd on s~id preffiia~ oY' improvements~
~n. in good repair. the mortgagee m~?
malce anch repsira as in its discretion it ma,y deem neoeseary ior the pmper preservation thereof. and the
inll amonnt oi each and every such pgyment shall be iau~,ed~?t+e~Y .~i1~e~,~u~, P~1!~1~, :~nd ahall be secwred .
~ . by th~ lien at this mortgage. . . . - . _ ~ . _
k . ~ Tbat he ~vill pay all and aingular the costs. charges. and espena¢s, in~ludin~ reasonable lawyer's ~
:!ees, ~~~nd cos~ oi abet~t~ o~,~itle~.incu~r@d or paid at,aAy ~e by the martga~ee becauset of the failure ~
, pn the part oi the mortgagor promptiY ~d ~l~,~.~,,Y.~•...
.,P~~, e~enta and oovenanteroi said prom- ~
iaLeory~n~ote and.tbi.s.~mo¦ ???and ~id ~i~~joats e~sR and. exp~nees +~?11 b~.ii~nmgdia.tell!.due and pay `
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~ T6st he will keep th~e improvementa now existin~ or her~iter erected on the mortgaged Prnpert3?. ~
ipsnred as~m~y be required irom time to time by the mo nat loss by fire and other hazarda.
' easualties, and contingencics in auch ~ants and for snc~peri~as may be reRuired by mortgagee, ~
• and wili p~yprompt~y, ahen due. ~y premiwna on such insuranoe ior ~ymeat of which proviaion has , ;
~ ~ not bee~ made hereinbefore~==-~11 inaurance ahaU~be csrried in oo~nnpsn~es spproved by mortgagee -and ~
the policies snd renewsls thereot shall be held by Yportgagee ~and. hutre. #ttached thereto loea payable ~
clsuses in favor of and in iorm ~ooeptable to the mortgagee. In event~ o~ loes he wiU give immediate
notio~ by mail to mortgagee. and mortgagee m~y malce prqof .o~.Mae~ if..not n~d~. proznPtlY bg ~mort8agor. .
snd each insarance company oonceraed is hereby suthonsed ~nd directed to malce~ psyment for such.
loss directly to mortgagee instead of to mortgagor and mo ~ointly. and the insurance proceeda. or !
an~Y ~?Y ~~PP1ied.by mort~agee at its opti9n
.~er•to the reduction of the .indebtedness. ,
~secured or #o the r~toration oir repair of the propeirty damaeed. In event of foreclbsure of this
mortgage'or~other tranafer of title'to~the mo'rtgaged property='in`'extu.fgu~shn?ent oi the indebtedneas
s-Lec_n''red : all~~~r~~8Lh~t,~; ~t~i.tle, and i`n~terest~oi the mortgagor in ahd to ~insurance poliai~fhen in•force .
~ F WW ~~e pf~iVilJ~ ~ ~YW:.~ 1i; i1`-~ . - '~si '.t/ :~:k~ .iL~~.r .~t1~1 r ~~:~~i) f!: . . ~~~l~ '•':''sJ~~ . _
•
8~' Thst'f6e inortgagee m~?. at anY time pending a's~it'upoo'thi's ihortgage, apP1Y to t6~ ~outt hav=
. ing ~wrlsdidion thereof for the appointment oi a receiver, and auch oonrt shall forthwith appoint a
i~ecelver o!'the premises~co~ered~herebY ~11 snd sin~tnl~r. ineluding $11 and• siagnlar,the~inea~me. Pmfits~
. ~ies,.and reveAnes ~i~~ ~rhsteveX eonn~e. derixsed,.,esch~qd:epe~r~.P~•yvbic.}~. it;6ei~?8 ~cp?ceaslY.•nndex~: ~
atood~,is h~reby nw~rtgag4d a~.if apecifically set fort6 and deecrib~ in tfie granting end ha6endum clauses . ~
hereof, ~aad sncti reoeiver shall Tiave all the bmad and e~ective functions and powers in anywiee
~ e~ntrusted by a court to s reoeiver. and snch appointment ahall be made bq auch court aa an admitted
. eqaity~ an~ s ms~ter oi absolute right to. said mortgagee. snd without referenoe to the adequacy or inad-
~ eqnacy.of the vslue of t6e property moitgaged or to the solvency or insolvency, of aaid mortgagor or the
de#eadsqta, ind thst auch. renta,. pra$#~, _inco~~ issues, snd_ reyenues . shall be spplied . by. such_ receiver
. aooo~to the lien of this mortgage and the practice of auch oonrk --In the event of any default on the
~ pa~t ot e mortgagor hereander the mortgagor agrees to paY to the mortgagee on demand aa a reasori-
able monthly rental for the prem~ses an amount at least_equivalent to one-~?elith of the aggregate
of tbe t~veh?e montlily instalLnenta pnYable in the then cprrent year plue ttie actual amount of the ann~ia~
: tazea asa~sments, ~vater rates~ and insursnoe preminms fo~ auch year not oovered by the aforesaid
L• n10II~ ~lrle:p~. . . . - . _ . . . ' •:,,L:.';
s ; 9. T6e mortgaS~nr further oovenauta that should this mortgage and the not,~ aecured hereby not be
~ ; eligible for insurance undei~ tlie National Housing Act witlun3p QqYg ""'from the date~er~o~
~ ~ (written statement of any officer of the Federal ~Iousing A~triin~stra~ion or authorized agent of the
Fede~'I~qu~it!$: C~s~i°Re~F ~~t~' ~b~Qu~h~ t~-~tt?e 3p QPYS tiaae from the date of thia
~ , ~c?rt$~ge, cieclwing to in'sure said' note and. thip siortg~ge, ~eing deemed conclusive proof of such in-
E , eligibilit,y).~ t~?.e,.mor~8'~ ~Fr~"~P~eR:,°'~'~e po~,ejn~w:st.i~S~qRti~l.,de~ls}'et~1~$1u~!s.~~ed ~~k~l
~ • immediately due and payable. . - ~
_ ~ ~ ~ : e~ij ~'¢,f:t~e
ev~ent ~at~_'a~_,n~` o~fQ~si~~ q~.~~'
~ ~,~~o.~ne~!.h~. ~'~~f~~'. ~~~h~t`~~c~o,~p~i~ ~a~ful0.~~,,~?~
. . ~~it'~~mapd'?~ic notf~e; ~or:'-~e ; q~;t~}Sti,~,~nc~ e'u~ry` ,g ,sti ~Iationa,}agree~ep~.~ondi~ipns,
~ and coW~nat?ts of "said''AOtc ~tC tfus ~tna1i~tg~g~e, ~are ~ rioC. duly' ..p~p~y', ~iid ~~fu~l~i! perforMeH; the~'' i1~ -
: . eitl}er:or.aqy.~auch ea?ent;~th~ eaid, te~:sum:me~tioned-i~. d:-note~ t~en••renaaining unpsid, with
` . }aterea~ ~uxrued .to tiiat :tin}e, ~nd moneyq eecu~ed = hereby,+. ph~ t bepeaie; due • snd payable iorthw~th; .
` or t~?ereatter.at the-.aPtion~ol~~s~id.a~ort$a8~eei aa fpllp:andc~anpl~e~bely.•.aa~if_alloi:th~said°suma.of mone~
~ ~ ~?~t~e orginsUY atipuIatsd ~wbe,pAid:oneuch~4~Y,. ~Y~1n$ in said nobe;nr.~n; thiamortgagerta~h~~oon
a
~ notw~thstaridin8:• aud thesevDon: or.~~h~rnafter.- ~t ;the ophon.of said mortBagee; ~,~tdwnt notiioe.~r d~n ~ .
a - .~u} t~$~~law o~'.in ~clnitx?. .~nay. ~e ~'~euted a$ i# al~~uqu~ya 4e~w~d h~~~r~ matured ,p~o~ ~o it~ u~ati-
~ ~ ' ' 1a1L1p11: ,-Tl}~ Qiortgagee ~iay..~q~re~close .~}iia ~t}o~
t8a,.~'~uas-tU.fiXi~:~4ow~t ~o eclared dae andp~!~-l~,and
y' ~he.said..pic~naisfs: shal~ i~g sQli~.to',iq~,~ia~Y ~wc~_Psy .zne s~ime together,yvithcasts; gzpensea. aAd a~oi~v~}r~
~ - In caae o ~ I? mo e'th~~~n0~8'$8~:~~4~se$ shaU be $ol :sub~ect ,fh~,con-
~ ~ ~ . : '
tinuing Leii oi~ this"mdrtga~ #O'rthe amount o~ the debt nflt then ~u~ and uppaid: ~~n s~ch case ~he pro-
~ . Visiaus;oPtl~ ~.y~ h~nap agairi~b~'availed'of'tli~t~eafter'l~rom~tinee:to•time by~_the mortga _
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~ ~:1,}: ` 2'-~:if.'!(1'•. 'L:(f'};•~1. `fi.. :f ~j ~~:t1. 1 ~';~'C :1~'~•.• ' ..t~i. .a '1!• l.f ~:~r Kr(~
~ ~:r. -~ir ~'•~`.~~'&84r'. ~wi11~8~v~:.~sdiat~..i~otioe,~iy A~~ ~Pt~~:.A~~ip~:ap~t~~~x1~?~ .
~ . ~'..or ~ Q~~A.wnei~atlip o th~. pr.em'.~8es . ~1:~ ~.r b,;u~»Fns.~:a (:~j-;:s~~~:;:. •.s~r.: •.:•~r~s :s~~ur.-
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12: That 'tio~ivaiveei~~of auy`~oove~iant hereir! o~'o!'the`obligafion`~ecure~`hbi~etiji'sft" `'abi .
~ ~~ereatter be beld to be a waiver of the terms bereot or o~ the note secured hereby. B~• ~~O fAGE ~86
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