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and insuranos pe~emimw. as the caae mpr be,~ _anch esoees shall be credited by the mortaa~ee on subsequeat ;
pymaats tio be m~rde b~ the most~or. I~ ho~vever. tba monthbr p~?menta: made bgr tLe morf,~or i
. ander (b) a~ D~?r+~aDh S D~+acsdin~ aL~U not be ~ci~! to p~1r rent~. ta~ca and a~smeut~ ~
. and inauraace~e~iu~ ~s the case Lma,p b0. when the wna el~beooms doe snd p~yabl then the
mort~a,~os ~siI ~ ta the any amaunt n~oesssry ~o malce ap the deaciency, on or~ore ttie
date when p~yment a~ snch t~r~ta„ t~uces. aeoaeeaments. or in4nnwce premiutns ahW bo dua Ii
at tima the mort~a~or sh~U tender to the mortga~g~ee in a~ooordance with the pmvisions oi the nots
~ ~ aecured hereby. iyillp~y~o~t oi the ent~re indebtednaes represenLed thereby, the mo~rtga~ee shaU, in cam-
~ tin~ the unount of sach indebtednees. credit to the acoount oi the mortQagor all pq~?ments Dude under
: ~Fede
1
H~ouain~~ a~P~Pb $ hereoi which the mori~aQee haa not beoome oblig~ted to pay to the
~ ner and any bslance in the tunds ~ccumul~ted under the prnviaions ~
oi (b) ai said 8. I! there ahall~
s~dhrereba~ th~e ~rtS:~e
e se9~ii
res
th~e
pmper~Y other- `
~tti~ in a p lic a~le ~ the pr~iees yt i
wi~s aiter deiantt, the shaU sPP~1?. ~t the tame of the oommenceme~nt oi auch p~xR~~ or at :
the time the pro is~~h~r~e aoquired, the b~aaoe then r~ain in the funds accw~ula under ~
~ (b) ~ p~8 as a~dit ag~nst the amount of p~~psl then remaining unpxid under ~
' ~d ~
p~~ pr~p~~ust ~y p~menta which ahaU }uve been m~de under (a) oi said para~raph. ~
a 4. Thst he ~vill pa,y sll tuee, asaeesments. water rates, and other ~overnmentat or municipai charges, , ~
1 linee, or impositiona, for which provision haa not been made hereiPbefore. and in default thereof the mort- ~
~ `~~S'ee ~1Y P~ ~?e same; ~nd t~at be aill pro~a?ptiy deliver the ~flciai reaipta theretor to the ~ortgagee: . i
b. ~?t Le will permik commit~ or anffer no waate,. impairment, or deterioration of said property, or
~ ' sny mu~t thereof; and in the event oi the i~ilure oi the mart,gag~or to keep the build~'n~a on saiu prem~ses
' and ~hase to be erected on aaid premisea~ or improvementa thereon, in good repAir, the ~ortgagee may .
! malcs anch repaira as in its discre~ion it ma~? deem neoeasary for the proper preservation thereof, and the
~ ieD ~monnt of esch and every anch p~yment ehall be immediately due and pa1?able. and ahall be secured
~
i by the lisn c~ tbis martQa~s. .
i 6. T'b~at he wiU p~y aU snd the oosta, charges. and expeases, incln reasonable law~?er's '
fees, snd oosts o! sbstr~ a~ titl~~urred or psid st sqy time by the mortga
~~euse oi the fa~lure
' on the p~t oi the mort,~agor promptly and i ~to perlorm the ASreements and covenants of said pmn~
~ i~Ory ~ote snd this mo and as~d coeta,au~s~8~, s~?d ezpe~s~ sh~ll be inanaediate~y due and pay-
able ~nd~el~ be ae~red~ l~ea of t~s mo~s~ge.. .
- ; ~+n,,~f ~.~n t~~n tj,e ~m~ en#a now ezis~na ar bere;ftar erected on the mortg~ed proAertY,
i
n s
n
r
e d asm~ be r
e q
u~
i r
e d iro~ #ime to time by the mo~~~~
t loea by fire and other hasards.
casw~itiee, s
n
d ooatin~encies in auch ~unounts and for m
n c~ p e
r
t
o~ a a
s maY be required by morftg;agee,
~ and wi11 pqy ptbr~ when dne~ ~ny premiums on such inaursace for ent of which proviaion has
not bee~n ~L~reinbedore. All insnriwoe ahaU be c~rried in oom es spproved by mortgagce and
the po~icias snd renevirals therea~ s
h a
U b e h
e
l d by m
o
r t
g
a
g
e e :un
d ve a
t
t a
c
h
e d t
he
r
e
t
o l
o
s
s pay
a
b
le `
~ cisnses in iavor o~ snd in lorm aooeptabte to t6e mortgagee. In event oi losa he wip give immediate
notice~y mail to nKU~agee. snd ma~? make prooi oi loss if not made PromPtlY b3?•mortgagor.
; ~ snd eu~h insnrsnce eompaqy ca
~hereby authorized and directeci t~ make payment for such
loes direct]y to mortg~tgee inste~?d oi to mortgagor and mortgag~ee joint~y, and the insurance procecds. or-
~ a~y part thereol~ mqy be applied by mortgag~e at its option either to the reduction ot the indebtedneas
' hete6y secnred or to the restoration or rep~?u' of the~
perty damag~cl. Io event of foreclosure of this z,:,
~ mort~a~e or other trsuui~ o~ title to the morltptaeea ProP~Y ~~~ishment of the fnciebtedness _
; ~e~ur~ hereb~r. aII t~ title, and interest oi the mort,~agor.in and to any urance policiea theri in foroe :
i shaU pass #o t6a p~ or grantee. ;
; 8. Thst the mortgsgee ma,Y. st snY time pending a suit npon thia mQrlgaee, sPP1Y to the court haw
in~ ~nrisdiction thereof for the appoiaha~t a~ a reoeiver, snd such eonrt ahaU . forthwith appoint a ;
raxives oi the premisea emren~ hereby aU and sw'
gular, iYrcludin~ aU a~ s the ineaoas. protita. ~ ~
. iasnea, snd reveaues tr~ wLatever sonroe derived, each and ev at ~rhich,~ n8 exPresslY under-
stood, is her~y mor#gag+ed as if specitkally eet lortb and deecrIbe~~ the granW~g and habendnm claases .
he~rsof snd auch receiver aluU have sll the brosd and sSective tunctions and powers in anywise ~
e~atrns~ed by a oourt to a receiver aad snch sppointm~t ahaU be made by snch court ss aa admitted= -
equf~Y and a matter oi abaolute r~?t to a~id mortga~e~, an~t w?ithout referenee to the adequacy or inad-
eau~cy of t6e valne oi the pr~perty mortgag~d or to the sohrency or insolveacy oi aaid mortga~or or the =
; deiendsnta, and fi~hst such rent~. pro8ts, income. issues. and rev~aes at?~u~ 4e appiieci uy aucn receiver ;
j ~wco~ to the li~ o! this mortgage ind the prnctioe ot a~h oourk In the event of su?y default on the F
~ p~ut oi e mortgagor hereander~ the mortgagor ~,grees to p~y to tl~ mortgagee on demsnd aa a reason
able monthly rez~tal for the~ pran~s~ea an amouqt at least equivAlent to one-twetfth (~s) of the aggregate '
i oi the twelve manthly inatallments paysble in the then ~un
er?t ye~r plus t!?e actual amount of th~ s~anuai
; t
a
z
e s a~
e
s s
m
e
n
t
s, a
t
e
r r
a
t
e s, a
a
d i A S
U
r
a
n
c
e p
r
e
miums for snch ye~r not emrered b
y the aforesaid
~ ~~Y P~~~ -
` j 9. The n~ortSaBor further covenants that should thia mortgage and the note aecured heraby aot be "
` ~ eligible for insurance under the National Houaing Act within 30 days fr~ the date hereof
~ . (written atatement o! aay o~oer of the Federsl Houaing Adminis hon or authorized ag~ent of the
. Federal Housing Commisaioncr dated subsequent to the e f oresa~ • ti~e from the date of t6is
; , mortgage. declining to inaure said nots and thie mortgag~e, being deemed conclusive proof of auch in
' ' eligibility)~ the mortgagee ~or the holder of the note may, at ita option, declare ~11 auma ~ecur~d hereby
` ; . immediately due and payable. -
~ 10. That (a) in the event oi any breach o! thia mortgsge or default on the part of the mortgsg~or~ or
;(b) in the event that any of said snms of money herein referred to be not promptly and fnllq psid ~nth
- out demaad or notice. or (e) in the event that each and every tbe atipulationa, agreementa. conditiona, i
~ and covenants of said note and thia mortgage, are not du~y, pramptly, and fully pgrformed; then in
either or any such' event, the said te sum mentioned ia said note then remaining unpaid~ with
intereat aocrued to th>tt time, snd I moneya secured hereby. shall beoome due and payable forttiwith,
~ ' or thereafter, at the option oi said mort,gagee, as fuUy and oompletely as if all of the said autns of money .
were orginsU}~ atipulated to be psid on such day, aqything in said note or in thi8 mortgage to the oontrs?ry
~ notwithstattdmg; and thereupon or theresfter, at the optioa oi said mortgagee, without notiee or demand.
~ auit st law or in equity, may be prosecuted aa if sll moneya aecured hereby had matured prior to ita insti-
~ tution. The mortgagee may foreclose this mo ag , as to the amount ao declared due and~y~
le, and
; ' the said premises shall be sold to astiaty and party the aame together with cwsts. expenses. an~ allowancx~s.
; In case oi psrtisl lorecl~ure of this mortgage, the martgsged premises ah~Jl be sold subject to ffie eon-
tinaina lien oi this nartgag~e for the ~mount of the debt not then due and unpaid. In auch case t~e pro-
€ ~ visions of thia paragraph may agaia be availed of thereatter fram time to time by the .mortgagee.
s il~. Tlut the mortgagor will give immediate notioe by msil to the mortgAgee of aqy oonveyanoe, ~
~ ~ transfer, or change oi ownerahip of the premisea. - , .
~ ' 12. That no wsi~~er of any covenant herein or oi the oblig~tion seau+ed hareb~ sheD at aay time
~ . ~ thereatter be heid to be A ~rsiver oi the terms hereoi or of the note secured hereby. .
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