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~DIMIb ~0 ~M IDi~ ~ ~ al0l~'.~ ~Ow011~1'~ ~N Rf011~ ~1?a1aO~i,~pa~~
ar~1~ (b) d parainDb ~ preoe~lat shaD a~ b~ a~AlcMnt ~o ~ renq~ ta~u~s and aw~nt~
and inwranos~~ as tl~s cw nu~ b~. when the ssane b~ooaM dw amd p~y~then th~
~or py ~ aqy amount neoes~sr~ ~o malr~s np tbs d~denq. on o~ ore the
a~t~awben p~yment o~ wch 1~rents. tases, a~ee~amenh. o~ in+~nranos Ds'e~nimna ahs11 bs duo. Ii" .
~ a,t ~ time the most~a~or t~wii teader t~ ths mort~ee in aeoo~danoe with ths pravidons ai the note
~ aecur~d ~sr~bY. fu11p~ym~
t o? the entire repre~ented tbYereby. tl~e n~ort~a~ee shs11. iA ~am-
the amount a[ auch indebtednes~, credit to the aoawwt a~ tbs ~wst~agor sll ~pments made under
~ ~
vision~ of s) o~ pzra~raph 8 hereo~i which the }w no~t beoo~on~ a~l~ated to p~?y to the
Federal8ou~in~ and aqy b~1a~x~e resa~i
~~~itmds
axuunulated nnder the provisious
ai (b) ai asid S. Ii thare alull ba a delantt soy od the provisions of this re-
sultin~ in a lic aak oi the paremises coveredst t6eyt~me oi the ~ t~of suc6 pru~ ' or st
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. 4. Tl~?t he will p~U? aU ta~ce~. asses~a~enb. water rates, and other ~overnmental or mwaicipal charges. ~
lines. or impositions, for which provi+tion hss not beeu made hereinbetore. and in defautt thereof the mor~.
; sl~l~08 ~ P~11? the asme; snd thst he will prampt~jr deliver the oiflcial reoeipta theretor to tbe mort~ee.
f 6. T6at he will permit, oo~nmit, or su8er no ~vae~e, impainonenk ar detsrtontion oi asid pro~erty, or 4
~ any thereoi: and ia the svent oi the isilnre oi the m ~O keep ths bu11~ oit saiu Prera~ses . ~
snd ~ to be erected on esid pre~nisee. or improvemenb~~1~ ~ in ~ood rePsii'. e n?ortgagee maY
mai~e wch rep+?ira as in its discretion it m~y deem neoessaty for the Fr'oP~' Pi'e~?st~ion tbereof. and the
fill aqionnt oi each snd every atuh p~ymeat ahsll be immediately dae and p~yab~le, and ahaU be securea
b~ the H~? a~ thia mart~a~a.
That hs wiU p~Ur sll and a~[n~r the costa, char~es, and ezpe~nsss. includin~reasonable lsw~!er'a
t iees, ~d e~ostr a~ abstr~cts oi titla n~ed or p~tid at sny tiaae by tbe mort~ee uas of the iailwre
~i
on the p~srt o~ the moart~a~or FromPt~y and to pertorm the ~nents and covenants of ~wid prom-
; inozi? note sna this ~ a~~d
is~0°b'~~~ ana espm~e..hsu be immediate~j? aue .nd p~?- .
abie and ahall be ~uredn~ ~or~a~e. . ~
Z. T6at he wiIIr~~the improv~ts aow esistin~ or hereafter er~ted on the mo prope~rty. :
inwrsd aam~ bs trom time to time by the ~~e ba by 8se and h~wrd~, ~ t
' casualtlee, snd coatin~encies in anch amawts snd ior i~~ch peri~may be required by mort~~ee.
~ ~ when dn aq~ P~re~ninms on s
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o e faar t oi ~nhich provision has ~
~ be~mi~ ~ereinbeiore. ~ insnranoe shall be c~rried in coan approved by mortt~ee and .
the podicies snd renearals thet+eo?.sbsll be held by mortg~ee and ve :ttsched thereto b~s payabk
~ clsoses in-tavc~ a~ snd in iorm a~ooeptable to the mort~agee. In eve~ot o! loas he wIU tive immediate
notice by mail tio mor#~ee, and mortga~ee msY mnlce proo! ~f ~ fi not nwde P~P~Y ~'9 ~~~r.
~and e~ch insnrsnoe ooaonpany ooncerned u hereby anthori:ed snd directed to make p~mae~?t for wch
loes directly to ~agee inst~ead of to mortgagor and mo ~oiatay, and the insurance prooeeds, or :
aayp~{ thereoi.~~m~y be appli~d by mortga~ee at its optton~~i~er.to the reduction o~ the indebt~edness . .:s .
bereby secared ar to the restont3oa? or repAir of~ the propert;y dama~ed. In ev~?t oi ioreclosure oi this
mortQa,~s or oti~~r trAnsier of title to the mort,BaB'~ P~Pert3? in i~hment oi the indebtednees
+ ~ aecnred herebY, sll t, title, and interest o! the mort~or m and to any poaiciea then in foroe -
abaD pass to the ~p~r~r or ~rantee. -
8. Tiut the mort~ee m~?, at ~u?y? time pendin~ a snit npon this mort~age, spplq to the court haw
in~ jnriedict~on there~i for t6e appointone~t oi a reoeiver. snd wch oonrt sbaU fortbwith appoint a
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e r, und s+eve~nnea iro~ ~vhatever aouroe de~ri
v~~esch and e~v oi wbic~, i
t bela8 e~cpressly under- -
' stAOd, is hereby mortgaQed as ii a~pec~8calb? set lorth a
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hereo~ nn~ snch rece~ver aball have aD the brazd and e~ective func~tons and powers in anywise
~trns~esl by a oourt to a reoeiver. and snch appointmez~t eh~U be made by auch court as an admittsd
eqnity and a matter of absolnte ri~ht to esid mort~~ee, and without reference to the adequacy or inad- -
eqwcy ~ the valne of the property mortgag~ed or to the solvency or in~ive~c7 oi said na r orit6e
defend~u?ta. and fhat snch r~nta. pro~ts. moame, fiesnes~ and revenues shalT be appLed by~~rece ver
acoo ' to the lien of this mortgage snd the practioe of aw~? oairk In t6e event oi any default on the ~
~art oi t~e m hereunder~ the mortga~or~reea to p~y ~o the mo on demsnd As s res~son-
able mont6~y r~i~ei~r ihe prezn~ses sen amount st le~st equivsle~?t to outitw~~~e~fth (~s) o! t6e a,~regste -
o~ ths twelve monthiy inst~llmenb p~;yxble in tUe then curreat y~r plns the a~tusl an~ount of the annwl
: t~uce~ a~ts, wrater r~tee, and insnraaoe premiums iaar anch yeu not eavered by the aforesaid
~tt6~ p~ymm?b.
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9. The mortgagor further oovenanta that should thia mortga~e sad the note secwred hereby not be
eligible for inaurance under the National Housing Act within 30 days from the date fiereof
(written atatsment of any o~cer o! the Federal Houain~ Administrshon or anthoriaed a,~ent ai the
~ Federai Hoaaing Commiesioner dated subeequent to the eforesa id time from the date of thia
~ mortQage, declining to insure said note and thia mortgag~e, being deemed conclnsive proof of such io- -
eligibility), the mor~gag~ee or the holder of the note mqy. at ita option, declare all suma secured hersby _
inamediately due and payable. .
. 10. Tlwt (a) in the event o! any bresch oi thi,s mo~t~sge or deiault on the part oi the inortga~or, or ~
(b) in the event that aqy of said aums af money herein eterred to be not promptly and fnUy paid with- ~
out demand or notice. or (c) in the eveat ~at e~ch and every the ati tions, sare~nents, conditiwu, ~
i and covenants of said note snd this mort~,ag~e. are not duly, prom , and fuUy pertor~ned; the~ in
~ eit6er or any auch event, the aaid ~te sum mentioned in sai note t~en remaining unp4i with
intereat aocru~ed to that time, snd i[i money~ aecured hereby, ahaU become due and p~yable f~~vitl~, ~
or ther~fter, at the option oi ssid uaortg~, ss inlly and completely aa if all of the aaid suma of moaey ~
were orginslix stipnlated to be paid on such dsysny thing in aaid note or in thia mortgag~e to the oan ~
notwithstand~n~; and thereupon or theres~, a the option of aaid mort~g~ee, witboat aot~oe or d~~ ~
~ s~ut at law or in equity. nasY be Pr~aecuted as ii ~Il moneya secw~d he~by h~d ma~d prtor to ib in~- . ~
' tntian T~e ~rtgs8^ee msY fo
r~reclose this mort,gsg~e. aa to the amount so declar~d due snds~ p~bl~ and '
the ssid premiaea shall be aold to satiafy and psy the same together with costa„ ezpenses, d suowsnces. ~
In case oi psrtiai forecloaure oi this nartQage. the mortgag~d premisas ahaU be sold sub3ect to t6e eon- ;
tinnin~ li~ of thia mortga~e for t6e smonnt of the d~bt not then due and unpaid. In such caae the pro- ' 1
visiona of this P~traQrsPh msY ~sin be avslled oi thereaiter irom time to time by tbe mort~a~ee. ~
: 11. Ttut the nwrt~or wiU ~iv~e immediate notioe hy msil to the mortgagee of at~y conveyanoe,
transfer, or chsn~e of ownerahip oi the premiees.
~
~ ~ - 12. Tbat no waiver oi sa~y covenant herein or oi the obii~ation aecurad hereby sLa1t at an~r tim~e
s ? t~ite~r be held to be a waiver oi the terms hereoi or a~ the note aecur~d bereby. . ~
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