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~Dd ~ p!lfR~lil~f,~ if tl1! 1yK1 ~WCh ~C00~/ ihill d0 Oi'O~i~ by ~ ~ ~ ~bAl41~Ml~ `
. ~m6'Dtd ~ ~ ~ ~10 n~. ~ ZlO~dYel~ WN 1Y1011~ ~dlOlitt lL1i~ ~ ~N ~
p~' (6~ ~ ~ _ ~0l~DS i~iiu D~ ~ ~t ~ ~ ~l~ ~ iik~ i~iO~II~
and insur~aosp~iu~ aa the dw maa? b0. whea the sanN ~6a~beoomt due snd tl~ th~ ,
mort~a~or shail py to tlse ~a~ee ~ iux~ount neoe~s~?r~ ~ malce op iM dellcienqr.~ore the .
~ dstA whm? piy?a~ent os a~ i~au~d renb,~ t~ce~. areeemae?b. or insur~sa Pe~omiums s~aU b~ dua It ; .
j at ti~ae thi mort~o~r aha11 tsader to the mort~~es in aooor~lsuoe with the provisioos a! the not~ .
~ ~ecu~+ed herbby. lh11p~ya~
t c~ ~the anti~+e indabtednea repre~ted th~rebY. the mo~s ahall, ia cona- ~
the amounC'o! soch indebteane~s. credit to the aooount vs tlrs mort~a,~or aU enb made uader ~
~~rovlsio~s a~ s) oi paruraph 8 h~o~i which the ~a~es has not bsooene abll~t~ated to PaY to the '
Federal Housint snd ~w,T baLnoa n,~w~in tfie innds ~ccumnLtal under the provisions
oi (b) ot ssid 8 u there swluII be a detau l~t~im3~r ~ny ai the pac~oviatona o! t6it mart~~e ra ;
snltin~ in s ~ak a~ the p~cnises oov~ered hereby oar i! tlre mortsa~ee~oqnires ths PropertY at~e~
h
wLs aiber def~?ult, t6e ~gee alull . at th~ t~me a! t6e t a~ wch p or at ~ -
the time the prop~ is~i~~eair~i~ias a+p~t~i~the balanoe then in tlu i~ds ~oa~mula nnder r
(b) ot~ra~r ph 8 u a cre~it a~aiwt the amonni~i~~j~~pr?1 tha~n r~eaaainin~c unpaid uader
~ sstd nots and asl?all p~+c~~b~~t a~U? p~ymmts wbich ahall luv~e 1 mads ttDdet' (s) oi a~id psr~t~ph.'
4. Thst l~e will p~r all t~u~es; ~sseeana~b, water rat~, a~ oth~ jove~nmeoW ar manicip~tl charg~ -
ifnes, ot impositioos~ for Mrhich pro~vLdon h~s not been made harelnbefore, and in deisnlt thereot the morL~
t~ ~1 P~? the e~mie; aod tb~t ha win p~ompWy delive~r the o8~ai~1 reo~pts t~refar to the Aaort~a~ee.
6. ~at he wiQ p~ik oommit, or snRer no w~ste. impairn~ea or detertoratloa? oi eaid ~+operty or
ste.
~ ,,,~?p~ therso~: sna iir the ~ront oi t6e failnrs of tDe ~o loeep the bnildl~s on 'aain- pre~nis~ .
. ~nd ~hcse ta be erectsd a? aatd premi~es, or impt+ove~nea~di~ t~ere~oo, iH ~ood rep~t=. the mort~ee m~Y
~ make
snch r~pairs as in ib di~crstlon it m~y de~n neoesea~ for` the p~oper p~eservat~on thereoi. aud the
. inll amonnt ot each and ever~ snch p~yment ahaU be i~~omeiiately. dne snd p,yabie~ and slu~U be aecured~
• b~r the~lien ad this mort~a . ~ '
~ 6. That he w?ill p~y aU and the oab. char~es., and espenses. incl re~sousble 4i~y~+s
~and oos o! abstracb oi titl~,~~~nrred or. paid at sn~r time b~ the mo ~use ot the lallnre
. on t~s p~rt ~tlrs mort~ator prom aund ~t,r to perio:m the a~e+eemenb~~covenanb oi uid pro~n-
~ iwor~r n~e and this and~d oosta,~~ ~harg~ and eacpesue~ ahsU be immediate~j? dne and p~y- ,
abk and ah~ll be secured~~ubjr tbe lfea o! ~ia mortla,~e. ~
- Thst he will tl~e impTO~eaaenb now existtt~ oar ~iGer ~+ected on the p~+opertY. ~
~ insnred asmt~ be rie~q~~n~ed. irom t~me to tiane by the mo~~ loaw by 8ren a~ h~wrds.
. wuatt;es, ~trd oont~n~ies in snch amaunts and for anch pert~mq? be t+eciuired by aarltg~e.
~ ~~il! ~r ~r~ w~n du~ an~r p~imns on auch iasura~we fcr p~ym~t of wbich p~vision tw
- . aot be~? ma~e
~~einbafore. AU insuranoe ebsU be c~urried in oom~ue~ approved by mort,~a~ee aad
tl~s poiicies and re~ewals thereo2 s1uU be held by mo~a~ee aad .have sttached theretn las psyable .
- clanses in tavor o~ and in iorm ~ra~table to tLe mortga~es. . In ev~t oi loa lie wip sive immediate ~
. notiab~r msil to mort,~s~ee. and . rt~a,~e m~t? make proo~ oi lo~s ii no! n~de promptly by mortSs~or.
~ aad e~eh iwnrance compsny oonoerned~~~
-~s haraby authorited snd dirxted to make p~ymant tor anch
~ icss directly to n~cirt,~e~a inst~esd oi to mortg~r and mor+k~~jointiy. snd the insnranoe proe:eeds. or .
~ ~ aa~r psrt thsreoi~ nra~? be ~?PPlied l~y mort~a~ee at ib option ei ta the reductlou oi the ~adebtedneas .
here6~ aeenred or to the reatoratian or repsir oi the dan~ed. In evd?t o! foe+eclosure oi this
. nart,~ag~e or otha~r transier of t~t1e to the mo propertar in extin~uiahsneat o! the indebtedness
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~ ~ iecarad hereb7, sll t, title. snd intereat oi the mort,~a~or in and to s~ ~r~ j,~;~~ u~ ,a '
. s6sA p~w to the pa~ or ~rsntee. .
& T~at the ~a~ee nW?. at a~? time P~dini a sait npao this mo ~a~.~ 1~ to tha canrt bav-
. ins ,~urLdictiomthereoi ior the sppoiatment e? a reoeivar, snd anch ooert~~ sball~orthwlth appoint a~.~.
Y+eoeiver oi the~premises eavered hereby aA snd singular..includins sll and~
lu the jncotne. Prof[ts.
is~nes, and reveaaes irotn whata~ver sonr~e derived~ e~ch and ev o~t whki~., 3t beins esPre~alY under~
~ ~ atood, is hereby mortgag~ed as ii set iorth snd de~xib~i~ the ~ntin~ and babendum clauses
hereof and s~h receiver shall~t6e broad snd ~iac~tve fnnc~ans ~nd po~rers in any~rise -
- e~atrns~sd bp s oaurt to a reoeiv~. and such appointme~t sbaU be made by such c~art as an admitted
eqnit~? and a nu~tter~oi abeolute rlsht to aaid mart~a~~ee, and ~?it6out refere~ux tu the ~deqaa+~y or insc~
~ equacy oi the value of the propert~? mo or to tbs aah?a~y or i~solveACy o# said matl;ga~r or t6e
defez~danb. and that such rents. Pr~tsy~~'ux~~orn~ iesue~. and ra~v~eana sLaU be applied by such reoeiver
aooo~to the li~ oi t
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pa~rt oi ~~r hereunikr the mortsagor atrees to p~y t~ de6 ~ee on dem~nd as s reasoa-~ .
~ ~ abl~ monthl~~
i~taT for the an a~nt at le~st eqnivaleat to o~~~v~i'etith ('n:? _
~ ~ a~ t6e t~relve monthl,y iastsl b payable in the then cnrreat year ptw the aahwl ~mount oi the snnwt , ~
- ta~cas, asee~n~ts, waLer..sutss, and-insuranoe p:+emimms !ar such year not omrered b~r the aforeaaid -
~ monthl~ p~n~b. .
: ~ ~ 9. The aart~a~or inrther coveaants thxt ahould this mort~eA note secured hereby not be
- eltgihle !or inaurance w?der the Nationsl Houaing Act within .~1~ ~J~ from the date hereoi _
~ .:(written statement oi any o@Ioer oi the Federsl Howin~ ~1?dnnlnistration or sutlwrized s~Qent oi the .
} Federsl Housing Commissioner dxted subsequent to the • tlme fran t6e date o! thi~s
mortgaQe, declining to inaure ssid note and thia mortgsge. bein~~~~oonclative proof ot snch i~ . _
~ eliglbilIty). the awrtgag~ee or the holder oi the aate may, at ita optton, decl~u~e aU sua~a secnred hereby
~ ~ - immediately due and p~yable. . . ~
~ . ~ 10. Ttu~t (a) in the event oi any breach of this mo~e er deiault on tt~ part o! the or
~ f' (b) ia the event that any oi said sums oi money hereia erred to be nat'PromPtly aud f+aIly iv~th• .
~ out d
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d or netioe. or (o) in t
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e event t~t e w
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` and oovewnts of said twte and this mort~~+e. u+e not du~r. Proin~. and inUy perfarmed; thea in
Y ' eitt~er or ~u?y such event, the aaid te awa meatiooed in ssi note then remainins ua~with '
taterest accrued to tb~t time, and ~
a secured hereby. aiu~li beoome due snd psyable i with, .
F oi~ thereafter. at the~ optioa oi w~d mort~a~ee, as tuUy snd oo~mpletely as if all of the nid sums o! money
were or~inail~r atipulated to be psid on such day.a~? ffiins in as~ note e~ ia this awrt~e to the oaA -
notwithstand~: and ther~upon or thereaiter, at the option oi aaid mort~aa+ee, with~t not~oe or denw~ ~
wit st law or in equih?. maY be pro~ecuted as if sll moneys aecared hereby had mstured prior to its~in~ti• .
` ~ tutioa The mortgig~ee may toreclaae this mortga~, as tci the unonnt ~o declared due sted ~yable. ~ttd
€ the sAid premiaes shaU be soid to sstisfy and pay the ssme to~a~her rvith costs, esPenaes. snd albwanees. -
- In case of p~rtial foi~eclosure of this mort~e. the mortgs,~ed premLes shall be ~old sub~ect to the oo~
' tinuins lien of thia.mort~a~e tor the anwunt oi the debt not then due aad unp~id Io ach case t~e pro-
~ visiau of this PRra~ri?Ph msY a~sin be availed of thereaft$r lran time to Wne by the mo~t~ee. .
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