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' ~d ~OW?~D~ ~~IL~ ~ C~N DIy ~WC~ ~CO~ i~l~ ~ C~~ ~ Nw ~ ~ ~l.~..~
- piy~mentr- to b~ mad~ 6~ tb~ a~ort~a~or. ~ however. tM month]~ p~lrmea4 mad~ by ~ moet~~
~ ~ ~d~r (b~ ad para~raph 9 parsoedlnt ihsD not b~ wtdci~t tio p~y renh. tau~ and ~nb
~ and in~uraaos ~ the cw hm~U? b0. w~a t~e s~w ~beoo~~ dae sud th~e . ~
n uraaos
. ~ dam~ p~ya~ea~t o~
~ i~~~ibnb~. ts~
~t~.
or fa~o~ P~ivos
~ihaU be due. Ii
' it W Nme t6s nartia~or ~il tender to tLe mort~ee in aooord~unoe with the pravisiops oi the note •
~en
! ~ecured hereby. fallp~yment of tt~e ent3re indeb~edner xepre~ented thereby, tl~e aQOSt~se ~hall. in co~m- :
~ patin~ the amouat oi snch iadebtadnees, credit t~ the acoount oi tbe ~c~ortsa~or all ta made under `
, f° tha provisions of s) of par~rsP~ 8 hereoi ~rl?ieh the has aot beooms a~l~ted to W~? to the
- ' Fedenl Housin~ snd ~r b~lnnoe rm~n~c
in t~a i~iuds socumnlated under the provlaioAa
• of (b) o~ s~ 8. Ii there sly~ll b~ a~eisult a~y o~ tl~e provfsions oi thls re-
~ ' snltit~ in s tic ask o~ the pre~nise~r aowiced hereby ar it k4e n~ort,~a~ee~oquires t~a pro~
pe~i~eti
~ wiss atter deiwlt, t~ ~a~ee s~u~D ~p~y.~?t the t~ma at the t of auch Pn~c~e~ or at
. the tiame the pro isn~~eairw~ae ~i~n~iret~ the bslaaoo then in the it~nd~ aoc~umula under .
~ ~ ~ ~i.~ ~a o~ ~ ~ ~."~u ~
~er~~.~ta
~ ~ ,
s ..~a nobe~~ituu pro~uf~t ±a.~ p~y~en c) rs~'~?
T6~?t hs will pa~ all tsa~, ~usessaasats. w~?ter rates, and othar ~avearnmental or municipai char~ee. ;
' !b?es, ~P~~0. for which p~rovidoa Zws not besn mads hersinbeZore, and in dehult thereo! the mortr
i~t~ ~ P~11 ~nd tbat hs will prampt~r delives #he ot8cisl reo~p~t thsrefa~r to the mort~~es. : ~ -
~ 6. That he wiil permik oammit, or anSer no ~v~ate, impairmeak or d~tion oi ~sid ~ropertY o~r ~
~aq~ thsreo~• snd in the event a~ the isilnrs of the ~O keep the on siud premis~s ~
~nd ~ to be ei~cted on said preanises. oz imps+ovemen~~~~ in ~ood , tbe nwrtQaSee my? ~
. r=~_ maics wch repsirs as ia ib discretion it aW? d~e~an neoeee~?ry for the proper Pt'e~ervatioa thereol, and the
ittll ~nount o~ ~ch and every such p~,yment a6a11 be immediately dae aAd p+~Yabk. and shall be secured ~
~ " by tNe liea oi tbis mo~. - . .
d. That lre will p~y aU and tha oosts, ch~ur~es,-u?d ezpenses, i~l si+e~ao~bk la~y~ ?s=. ~
i!ees,~ and oosb af abstracb a~ tiUq~~~rred or paid st aqy t~ne by the t because oi the i~3lure
. oa the p~ut ~ the mw~or PromptlY and to peric~na tb~e ~reemen~~
1~~ aod cavenaab of a~?id pran- ~ ` ~
. i s
~ o r~ a
o
t
a s
n
d t
h i s and asid c o s
t
s,~~~ h s
r~
e ~u~d s
z
P e
a s e s sbs11 ba inamedia
t+ e~,
j
r dne and p~
y , i
• ~ able ~nd al~ll~pe ~~redn~ lie~? a~ thls mott~~e. . ~ ,y
Z. T6at he will ksep t
6~
a i mpt+ovecnen
b now e~cis
t
i
n~ ot h
e
r
a?
f
t
a r e~+
e c~ e d c~ t
h
e a~ u r fi
j~
d P
r
o
p e
rt
Y. ~-.k~ .
~ insared ~m~ be required traan time to time by the mo~~e~~ las b~? tirs and a Lasarda, . .
~ c~sualties, ~tnd contia~rcies in auch amoanta snd for su~ periods as mq be :'equir+ed b7 mo
. , a
n
d w
I
ri p~
ypramp
t
i~?. w~ e
a due~ s
n
y p
t+~
n i
u
m s a t a
u
e~ ~ n s
u
r~ n
o e i
o~ t o
t w
r
h i
c
h p
r
o
v i s
i
o~
n h
a a ~
n
, n
a
t b e e
a : n a
d
e l ~
r
e
i
n
b e
to
r
e. A
l
l insuranos shsU be earrled in com s
P
P
r
o
v
e d b
7 m
o
r t~~
e e snd ~
` the Po~ie~s spd rens~vals thet~eo~ ahaU be hetd by mort,~~se aad ve attsched thereta las psy
a
b
l
e :
~ ~ i.~ or ~a ~n i~, a~~ t~ ~ m~. ~ ~t ~r ~ ~ ..~u ~~_~~a~,?te ~
' ~ aot~oe b~r msil to awi
t~ee. and nw~r~ ma~? mste prooi oi ba ii ~t made pranp~ly b~ mort,~a~or, :
a~rd e~h insnran~e oo~apsay oonosrned hereby authorized ~nd directed t~ malce p~ynbnt for anch ~ ~
lo~s directly to nw?rt,~~ee inst~d vs to mort~a~or and mo jointly, and the insur~uc~e ~rooeed~s, or .
any thereof. m~1Y be spp1 by mortg~ee ~t itis ~~~er to t6e redaction oi the indebtedne~a
b~secnred or to ths res3ontioa c~ rep~ur of the dauu~~ed. In a~v~tt o! forectasure oi thia ~
~ ~a~e ~ ot~uer transfer o! tit2e to the mo pro~perty in ent of the indebtsdnees
se~i~~red herebp~ stl ~ht, titlo. and interest o! tha mort~a~or in and ta aoy policies then in iot+os <
~ sbsII pass to the p~r~ir~er oar ~rantes. , ~ i
~ . & Tbat the mo~~e may. at ~u?Y t~ne Pe~?din~ s suit npon thia in. ~e. app~y to the ooart ha~r- ~ ~
i~ nrlsdiction thereof ior the sppointm~t oi s reoeiver, ~tnd sach oaut~ shall forth~rith appoint a-
~ver c~ the premises oove~red hereby sil and a' . ipcladin~ all and ti~ iaoome. P~~, ;
issaee, sn,d r~venaes fran whstever ~ource deriv~ewch and ev at whicL,~bein~ e~cp~ressly under- : -
~ de cr .
stood, is her~eby mo as i! ~ set torth and de~crib~i~ t~re ting and habendnm c.li?uses ~
he~+eof snd snch ~ece~ver shaU luve aU the brosd ~ eRecHve f~~~~ and po~?en in ar?ywise i. ;
e
a
t
n u~
e d b
y a a o
u
r t t
o a r
e o e
i
v
e
r, a
n
d s
n
c
h a
p
p o
i
n
t m~
t a
6 s
1
1 ~ m~
d s b
y s
w~ oourt ss an admitted . . ;
. eqnity snd a matter ot absolute ri~ht to said.mort~a~ee, and witlwut referenoe to the adeqoscy or insd-
~ _ eqwic~r o! the valne oi the mo t~ or to t!?e aolvency or i~u~olveu~.y oi s~i~ aartga~or or the .
~ ' defe~daat~. and thit wch ~lu~fits.~ i~e? issnes. snd reveaues shaU be spplied by wcL reoelv~r
to the lien .o! this mort~s~e snd the. practtoe ci wch oonrt. In the event oi sqy defanlt asrthe
. ~ mort~ r hereunder the mortt~o~ agrees to pa,y to d~e ~s~ee on demand ss ~ reason- -
able monthly rent-
Ta
roior the r~n~sea an amount at le~st eqnivsie~st to oa~~~veKt6 (3isl of the a~re,~ate i~-
n
. o! tha t~retve manthiy i~ b pqysble in the then curr~t year plas the ectnsl ~ oi the annwl =
. tsses, ~ae~ta, water ratea, and insurao~e paremiums tar suc~r yesr Astt eo~rered 6~ the aiore~sid .
montl~br pyrmenb. ' •
9. The mortgag~or fnrther coven~nta that ahould thia mortga~e and the aot~a secured hereby not be -
. eli~ible for insuranoe under the Nat~onsl Houaing Act within 30 d~ya iram the dste ~tereof
~ ~ (written state~ent of any oHioer of the Federal Honsing Adminiatrab~n or suthorised sgent of tl~e
E F~derAl Hous ing C
o
m n a i~
ioner d a
t
e
d s
n b
s
e
quen
t t
o t
he f re a id ~
m
e iran t
h
e d a
t
e o
i t
h i s ,
mortgage. declining to inaure aaid note nnd thia mortga~e. ~e~n~ c~emed oouclnsive proa~ o~f wcb ia-
eli8ihilit3?). t6e ~nortgagee or t
h
e ho
l
der o
f t
he nots m~y. a
t i
t
a option, d
e c
l a
r
e A
i
l wms a e c
u r
e
d bereby'
~ ~ immediately due'snd pqyable. : : -
_ 10. Tt~at (a} in the event oi ~u?y breach oi this mortg~e or delault on t6e ~rt ot the m'po or t
, - ; (b) in the event that any of snid suma o! money herein rsferred to be not PranPtip aod inl1Y tt?- ~
a~t d~s~ or notice, or (c) in the event t~t e~ch and every tde atiqt~~on~ a~menta, oo~i~ns, .
~ and ouvenants of said note uid thia.mort~e, are aot dn~r, pro~tbr, aad inlly performed; then in
no
eith~ or ar~y auch evenk the saida~re~te auin mentloA~d in asi no~te t!~ rem~inin~ un with
tnt~ereat aocrued to that t~me, u~d all moneys aecur+ed het+~y, stu~U beoome due a~l~,y~
le ptort~with,
~ or therPaiter. at tt~ option oi ~aid mort~a~ee, as ially aud oompl~etely ~s ~i all o! the sai~ sums of money .
were orgin~Uy stipnlat~l to be p~id oa sucb d~y.aay in asid note or in t6ia mort~e to the eon
aotwithstand~ng: and thereupon or there~iter. at the~~ o! s~id nao~t~ag~ee, witho~t notioe ar d~~
, - sui
t ~
t l a~r or in equ i t
y. may b e proeec~ t
e d as I i ~ t
l l moneys sec u
r
e d h
e
r
e
by b
a
d- m a
t
u r
e d p
r
la~ t
o i
b i n s t
i- _
r: ~ tntion. The mortga~ee may foreclose thia as to fhe ~unamt ao deelared due andp~!able. and
t6e tsid premiaea atuU be sold to satisiy aod~~same tog~ther ~?ith oorta. ezpenaes, aad sllowai~oes. ~ ~
In case of p~rtial foreclosnre o! thia tnort~e, ths tr~rtg~d pre~aises shsU be aold subje~t to the oou+
tinuing ~lien oi thia nwrtgag~e for the smount of the debt not then dae and unpsid. In such caee ffie pro- .
v~aions oi thia P~ars~'sPh m~Y saain be availed oi thereatter iran time to time by tbe mort~s~ee. . ~
11. Ttut the mort~agor will ~ive ~mmediate aot~e by mail to the mart~s~ee oi ~qy oontreyanoR. =
~ . tranater, or chsu~e oi ownerihip of the premiaes. .
~ ~ ' 12. Zbat no w?aiver oi 'sn~r eoveaant herein or es the obtisation seau~+ed henby shali at ~ tia~e
} : the~iter be held to be a w~iver oi the terms bsreoi or oi the note iecured hereby. ~
~ . ~ - . . ~~R~ . s$ ~ 5~0 ~
~ . _ _ _ _