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i~ iad fa~tsanos pr~ntm~„ ~ta the a~e ~uu? b~ ~dctr.~iBEi~ei ~~e ~it.d b~ ~ mo~rtsatw op wb.eqwat ~
py~wap tio b~ mad~ b~ tire ~ra:tp~o~r. •~~bo~w~eo~e~e;~~ct~`' p~Ym~o?ta m~d~ b~? tha:mo~l~~t'ae
~r ~b) at ~aea~sap~? sbari not b~ wmcie~t to p~ur~+_ound rmt~, tat!r md a~t~
~ and ~saranos as t~s cw mV b0. wbeu the ~a~on~ boooaN dns auo p~1I~, ~e~ #t~a
o~~ au-
i mort~a~o~r pq to t~s t~a~ aqT aaaonnt 1~ a~at~ np t~ai ds~c~?. ai or be ore t6~ .
~ d~e when p~ya~ent a~ sad~ipbwid rents~ taues, a M~b. or inan~rat~oe ~+emium~ thaU bs due. I! •
i at t3ms the~ m
a
r t
Q~
o r a1uU ~e~da~r ~o ths mo
r t~
e e in aa:ordsnos w?itb the p
r
ovLions oi the note
~ secn~ced 1?erebR lhllpo~?me~t c~ the entirs indebtsdnees repre~ented thersb~, the mort~~ee ~
h
a
l 1. in co~a- -
pnt~ the anaiount a~ wch credit to the aoo~nnt cd the aU eata~made under _
; the provisiana oi a) o~ par~ltraph 8 hareoi which the n~u~ has aot o~ited to p~?y to tbe ;
; l~ederai Houan~ and aqy baLn~oe ia tunds aocnmm~Lted under the provisioas '
o~ (b) o~ asid 8. Ii there shsD~~ a4~r o~i the prov~isiia~s oi thia ~
as d s
witin~ iII a p c o~ ths p~rean~es y if t6s m~ort~a~es aoquit+es the P P~~~
~~s h, ~
wise attar defaulk the sh+aD sp , at the t~me o~ ths t oi auch or at
; ~ the ttme the propea ian~~~rwise b~lao~os thea in t6e innds ~ocwnp~~
ulatec~ nnde~'
• ~b a? p~h 8~ ~~~ts a ct+edit ~ainst the aaaount of Dai th~ xramainin~ nnpaid under
; ~ ~ n~obep~alull pn?~p~jr ad~u~ sW? Poynnents wl~icb abaq 1u?ve mads under (s) of
satd P~P~
~ 4. That lre wiD p~ aII ta~re~„ a~se~m~ats, wster rates. and other ~o~rnm~tal or municipsl char~es. .
~ . Sae~. or fmPait3ons. io~r which provisi~ h~s nat been mside het+einbe~ora and in ~iiult thereof the mort~
( t+~ ~IY I~ the s~me; and tlut he will pt+oinp~ delivear t6e d6ci~1 reosiph therefor t~v the mort~~ee,
~ L' . 6r That he will perm~t, ooo~mit~ or suQer no Aaste, ;aapa~irmen or dete~rioration ot ~id ~rope~cty or
a~p~t t6~ereo~: and in ths e~?ent a~ the failuro oi ths loeep the buil~~ on suci premise~
i a
n
d ~
a e ~o b e a
r
e c
t
s d o~n ~ s
i
d premi~. ot ~ mprovem~~ b~ t
fi
e~
e
o~. i a rood repsir. t~e~ mortg~ee may
m~k~ s~? repsira as in its discreMQn it mq? deaon neoesssry ior the P~P~ P~r?st~on thereof, and the
~ ibU smonat oi e~ch and dv~r ~ach p~y=oe~t alull be immedistel~ dns and p~yable, and ahall be aecured ~
~ , b~ the Nen o~ tbis mar~a. ~ .
6. Tbat hs wiU p~qy all and t~s oosts. c~uur~es. >wd eacp~. inci xeasonable larye s
i - i and oosta a~ abstracta a~ or paid ut ao,p t~ne b~? the mo ot the i~ail
~ure .
~ . ~ ~a
~~r
~~~a,~t to ~r~ t~ ~
~~?~t~ a ~~a~~.
' ia~°~'an~a be secuream~ ' dre liet? ot t6isoosts.~~C~s~; aqd ea~pet~.a. inanneaia?tel3? P~i?•
~ able rha11 bry? u?ort~s~!'4- .
- T. Tbst he~ will eep the imp~+avesnents now ezistin~ o~ haa~e~fter erectsd aa~ the property,
~ insured ~s be r~~aired tran ttme to time by the lass by 8re
utn~~d~i~er ha~ards,
d~, ~ ooa~tin~cies fn sach aaaunta snd for~iw~~m~y be required by nxu~gag~eey ~ t
~ and will ~
rp~o~
P
t
i
y. ~?Lea s
n
y p
r
e~
n
i
a
m s on sw~ iASOranos ic~r t a~ which p~
ovision has
nok beea m a
d
s l~areinbefa~re. ~ inauranoe shaU be catried in com~~~?PDi'oved bY mort~a~ee and
~ t
1 r
s polides a
n
d rene~v
a
L t
h
e
r
e o
f a
~
6 s
ll b e b ~
e
t
d by aart~a~es a
n
d ve attached thereto loss p~yabk -
~ ietsnses in favar o! end in tornt aooeptsble to the mort~~e. Tn e~vent oi bes he w?iU ~Ive immediate .
by m s
i l t
o m
o
r t~~+ e e, a
n
d ~~ee m~y m a
l c
e p
r
o o
i o
i b
s
s i
t not m s
d
e p:+o~np~ly b
y mortga~or. ~ '
~ ~ aa~d ~h i~ce crnnp~? copaearneda~~
- 3a hereb~ aathorized and direct~ed to mske p~ya?ent far a~h
f los~ airect~s to nw?rte~ee instead a~ to mortQa~ar and mar~t~~~esr3oir?t1r. and the insurance praceids. or
~ aujr ~rt thereof, nu~Y be applied b~ mort~a,g~ee st its op~ion to the red~ctioa of #he indebtedneea
hareby ~ecnred or to the re~oratia~ or repsir oi the dam~ed. In eve~nt ot foreclosure oi thia
' mortaa~e or ather transier ~ title to the mo ProPert~Y in t oi the indebtedness "
fecured h~t+eby. aric~
t, ttt~s. and inte:+est o~ the mort~~r in and to sqy policies then in ioroe .
~h~ll paas t~o the pnrc~se~r oar araatee. ~
8. Thst the mos#~~[+ee l~W?. at aa~T time Pendin~ a snit opan this mart~a~e, sp~l~r to the court hav-
ou
j in~ m'iidickioII thetreo~ i0~ tbe appoinio~eni a~ s raosivoc. ~u -iw:. .arth~i+.~ a~pQiIIt a -
' ~ver a~ t,hs premises oave~'ed ~+ereby all aad sia~ulu'. i~xlnd~ai a11 and ~Lr the inowne, prot~t~,
+ ~SSnes. a~ revenues irom rvl~tever sairoe derived,, each and at t beinS exPresa~y under~ .
~ stood, is hereby niortg~ged as it ~ f~t6 and de~c~i~ the~~~ran'ting and h~beadumy clauses
Le~eot and auch reoeiver shsll~~th~e broad sad -eBe~Hve in~o~as and powers in anyrviae
entrua~ed by a oonrt td a reoeiver; and snch appo~utm~nt s6all ba a~~?de by such court as an admitted
~ E
eqnit,l? ~und s mat~er of abeolute rr~ht to asid mort~ aad sr~t~t r~s~r~ tn t6e adeouac~r or inad- .
beo ~s.
equuy a~ the val~e of the m or to the sAlvency or iiuolvency o.[ asid mortgsg+ar or t6e
~ d~e~ndanb, ~d t~ut wch ~pro~~oome~ iaanes, and reMeanes ~hsU be applied by auch reoeiver
' to the lien of t~s ~g~s and tt?e practioe of s~h coort. In the event oi a~y defautt on the _
~ m hereander the nwrtgag~or~ree~ to p~,y to the ~g~ee on demand as s resaott-
abla mouth~y ri~or the an amount at least eqoivalent to ooxae~~re~th (3is) of the agQregste
a~ the twehre monthly b p,yab~e in ths th~? c~urent ~ear ptns the actual amo~wt of the snnnai
~~u~y _sne~ana~ts, wate~ rates, and insuranoe par~nimns tar a~ch year nat coverea by the aloressid
~tti4 p~yme~nts.
- ' 8. The mortgsg~or further c~veaanta tbat sho~td this mort~+e and the note secnr+ed hereby nnt be ~ ;
eli~ible for inaaranoe under the Nstional8 Ad within irwn the dste ~ereo; ;
(written atate~nt oi any offioer o! the F~ Housiag ~!?dministration or authorized agent of tbe i
` Federal Houaing Commissio~er dsted ~ubseqneut to the time fram the date of this '
mortgage, declining to insure asid note aad thi,s mortgag+e. bein~ deemed conclt~sive proaf oi' ~ch i~ ~
e~ti~ili~Y). the mort~a~+ee or the hold~er oi the note ma,y, at its op~ion, declau~e aU sums aecared hereby ~
~ ~ immediAte~y due and payable. ~
i
_ 10. That (a) in the event oi any breach oi this mor~e or defiult oa the part oi the mortgagor or ' ~
~ (b) in the eveat that any oi said aums oi money herein ere~ed to be not promptly and faUy p~id w~th- ~
~ out demand or notice, or (c) ia the event t~at e~ch and every the sti ti~s, a~reemei?ta, conditioua,
and covenants oi isid not~ ~d this mortQage, sra not dn~r, icilly pertormed; then ia
~ either or s~q auch event, the ssid sum mentione~ in ati nate t~n r~tsinin~ unpaid~ with
~ inte~reat aocrued to that tim~, aud i~ moaeya secwred Irer~eby, s6~~U beoome due and pa,ysble iort~v?Ith. ~
i or thereatter, at the aption of aaid mor~ aa fully and oom~letely aa if aU o! the aaid ~ms oi money `
were orginall,~?? atipe~lated to be psid on auch da~y, st~ythin~ iii ssid note o~ in this mort~a~e to t3e oon
~ aotv~?it]hatandu~; ~ul thereupon or ther~iter, at tbe option of said mortaag~e~, withont notioe or de~m~ i
t auit at la?w or in e~N~tY. m~?Y. be~ PY'wecnted ss if sll moneya securad hereby had matnred prior to ita inati- ~ ~
~ tation. Tl~ mortgag~ee may iareatose this marlt~e, ~u to the sawunt ao decLred due and ~y~bl~ and '
( • the asid Aremises shaU be aold to astiafy sad psy the ssme tog~ether with costs, expens~, ana auowunces. ~
~ In c,ase oi psrtisl iorecbsnre oi this mortgage. tLe mortgs~ed premises shall be solil sabject to the oo=r '
~ tinuing lien o# this wortgag~e for the amonnt of the debt not then dne and unpsid. In anch caae t~e pro- ~ ;
~ vLio~a of thia P~ra~raph ma,Y again be availed ot ther~eatter irom ti~ to time by the mortgagee. j
12. Tbat the mortga,~oar xriU ~Ive immediste notice by m~il to the mortgag~ee oi at~y aonvey~tne~ ~
trsnde~r. ar chan~e of owaership o! tbe premises,, • i
' !2. That no waiver oi ~r oov~ensat hereia ar of the obli~sti~n aewr~ed hereb~ atuD at u~ ti~e i
therestt~ be hald to be a waive~ oi the tern4s Lqreoi or ~i the no~e ieau~ed herab'~ R' tp~ Q ~
~ ~ • ~ ~ `;~e- i jr : `-,t , ~Qw11 I~M4[ ~V
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