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~ Wd ~INI~IlC! p!'tlp~iiOV~ Y th! CW0111#`y ~llCb 8x00Y i~l~l~ 60 Cibdlt«1 by ~ 1Zi01"~isaQ OR i1ibNQ11lOt '
~ ~ti ~ ~ ~ ~ ~it nf~0~j~0l.~~ 21411!'V~r~ ~1! 1DOtl~ ~AiMl~i DI~ ~i ~ 11D0~' ;
~r (b) at p~ra~rap~t ! p~+eoedia~ sha11 not b~ ~t to p~1? r4nh. t~u~et aod aaeaaneob
~ and insusana~
p~
n i~~ t1~e cw m~yr be. whan the ssaae al~beooa~ due ~d p~y~ t hen the ~
! pq to aiy amoun
t neoewry ~ a u
t
e np t b
s de1~ aa or b e
iore t he -
~ d~utre~ wGen p~yauat oi a~ch pK~renls. ta:es. sreramenb, ar in~uraaoe pre~ni~ms ~ahaU be due. Ii
at aoy tio~e t~he moit~a~oz shsll t8nder to the mort~~ee in acoord~nca with the provisiona oi the note
aecured Ire:+eby, i~iUpaya~nt ai ths ent~re i~ide~btedneis represented theroby. the mart~s~ee shsll. ;a com•
patin~ the amount o1 such in~ebtedne~s, credit to the ~cooant oi the mort~sror all ts made uuder : •
n~
t h
e pro
v i s
i
o
n a o
t s) o~
t psra~ra
p
h S her~o
i w
h i
c
b t
he nw?rt~a~es h a+
~ not b e c
a ~ ae ~sted t~ pay to the
~ P~ede~l Housins ~nd sq~r b~lance ~~~fn the ~unds wcumulated under fhe pmviaions ~
' o~ tb3 or s~a 2. It~ l6ere a~U be a def~ult un any oi the provisiona of this mortaa~e re-
~ . sultin` in s lic aale oi the premiaea oovered hereby or i! the mort~~ee uires the property ut~er=
su ~
w~
i
~ s aiter detantt, t
he aa~~ s~
l sp , st t
6
e t~ me a
t the ooaumenoena~n oi such proceedia~a or ~t
~ the tims the pro ia oth~erv?3se aoqu~
e bal~u?oe then in the iunds aocwnul~ted under ~
(6) oi 8 p ~u? a credit aQainat the amouat~~a~p~l then rem~inin~ uapaid under .
j ssid note aa shaU pr~P~ertY ~41ust any p~ymea4 which a~a~i have ~sa m~ede under (a) oi ssid p~u~rxph.
i 4. Tbat lrs wiU pyr sU t~cee, ass~ments. water nts~s, snd other ~veramentsl or munici~'• chara'es.
8~s. or imposittons, for w~.~r.h pro~riaion h~a not been made hersinbefore~ and in de~swi: thereof the mort-••,
s~ee ma~ p~y the aame; snd tlut he ~rill p~o~mpt~y deliver the o~Bcial reoeipt~ therefor to the icort~ee.
6. That he will permik oo~mmit, or su8er no wast~ impAirnienk or deterior~tio~ oi aaid property or
aqy p
s
r t thereot; snd in tha event ot the iailnrs ot t6e mo
r
t~
or to keep the buildu'~s on aai~a premises
~ and t
bae t~ be erected ou asid premiaes, or improvementt t hereon, in ~ood rep~?ir. t
he mortQagee may _
' m a
t
e w
c
h r
e
p a i n a s i
a i
t a d
i a
c
r
e
t
i
o
n i
t m~
y d
e e
m n
e
ce
s
s
a
r
y f
o
r t
h
e p
r
o
p
e
r p
r e s
e
r v
s ~
t i o
n t
h e
r
e o
i, s
n
d t
t?
e .
- I inlt amawt ot each snd every suc4 p~ymeat a
h a
l
l be immediatel,y dne and pqyable. snd shaU be eecured
~ b
y ths lien oi' this m
w r t~
a~. - • ,
~ That hs will pa~? jll and sin~tiLr the oc,~ts. chsr~es, and ezpsnses. includin~ r~aaonable law~?eYs
n
iees, and aata oi sbstruts o! title~ incnsred or p~?id at aqy time by the mort~age~ becanse o~ the isul~re
~ on tlrs psrt of the mort~agor pro~mp and ~ to pertorm the a~reementa snd ooveasnta of aaid prom-
al~and sbsU aecured~ lien oi this mon~ and ~eocpenaes shall be immediately due and ps~u. i~
Y
7. T6at he wiD kee~ tbe improve~aenta now existin~ or her~tter erected oa the mo~'t8~ P~P~rt3?. ~
insorad asmay be requu~ed iran time tn time by the mo~taa~ee~ loss by fire wd ather hwrds, ~ ,
- casualties. and contin~enciea in wch amounts snd tor s cb - as nu~y be required by na •
i snd wilt p~yp pt~y, when dae. sny p~miuraa on such insarance !or t of which pmvision
; ~ot be~e made~~or~ All insurance ehaIl be c~enried in corn es approved by mort~xgee and
, the paaidss and renewals thereoi shs?q be held by mortQa~ee snd v~
ed thereto loss p~4ysble
etanses in favor a~ and in lor~n scoeptable to the mort~gee. In event of loss he wiU ~ive iaamed'u?te -
~ notio~ by tn~il to mort,~a~ee. and mortga~re mas? m~ilce proof of las if Aot msde Pro~n?Pti3? bY mortgagor,
aad eseh insnranoe oangaqy conoerned ~s hereby authoris~ snd direi.~t~ed to mske p~maent for s~ch
- la~ dlrecW tu mort~s~ee inatead oi to mortgagor and mortQagee jointly, and the inaurance proceeds~ or
; any psrt theraof. ma,y be spplied by mort,~agee at its option elther to the rednction of the indebtednas '
d+ereby secnred or to the restorstiai or repair oi the perty dama,~ed. In event of forecloaure of this
mort,~s~e ot otbet ttansfer oi title to the mor~t~a,~ed
property in e:tinauiahment of the iadebtedrieas "
sewred hereb . aU t, title, snd interest of the mort~gor in snd to any insur~nce policiea then in iorce -
shsU pa~s to ~ pu~ or ~rantee. . .
~
8. That the nartSaSee nW?. +~t snY tizr?e ~ndin~ a aui~~.npon thi~ mort~~e. ~pply to the oourt h~w
ins ~nrisdiction thereof for the appoiptment o! s receiver. sad auch coart ahall fortf~with ,ppoint a
- reoeiver oi tbe premises oovarcd hersby sll and a ul~r, includin~ all and s lar the income, proflta~
iasuea, snd revenues fran whstever soume derive~ e~ch aad ev of which,~ ~iein8 expr~aslY under- -
. stood, is hereby mortgsged as if ape~ciRcall,y aet forth snd deecribed~ the gesating and habendum clausea
hereal, snd such receiver ah~U have ~D the bro~d snd e8ective iw~ctions and powers in ~nywise
~ entmated by a oourt to a receiver, and such appointment etuU be made by auch court as sn admitted -
~ eqnity snd a matter oi ab~olute right to s~id mort~a~ee, aad without re~erence to the adeqwcy or inad-
eqwcy of the v ne of the property mo or to the solveucy or in~w~lvency ot aaid mortgagor or the ~
detendanta, an~that such rents, prot~ta,~ e, jssnes, and reveau+es ah~?11 be applied by siich reoeiver ~ ~
~ sooo ' ta the Uen of this mort~age snd t6e practioe oi auch courk In the event of sny defsult on the
p~art of e mortgagor hereunder! the nw~rt,gagor~gr~a to p~,y to the mortgag~ee on demaad as s reaaoo-
able mon
t 6
I
y rental for the.p
r
e
s
n~ s
e
a a
n a m
o u n
t a
t l e
a s
t e q
u i
v
~ t
l
e
n t t
o o
a
e-
t
w
e
l i~ 3
i~) o
i t
h
e a
g g
r
P
g
a
t
e
ot #he twelve monthly ~ns
t~ l meata payible in the then cun~ent year plus the sctual aa~ount oi the annusl .
• tues aseesaments, wster rates, and insuranoe ps+emiums for wch year not covered by the atoressid
mont~ly p~,yme~nta. Q
9. The n~rtgag~or further covenattts that should thia mortgage and the ~lote secured hereby not be
eligible for inauranoe under the National Houau"~g Act within ~ p~~ fro~n the date hereoi
(written statement of any oflioer of the Federal Houaing A~~t~on or authorized agent oi the ~
Federal Housing Commissioner dated subaequent to the ~ia~t~ ~s time iro~n the date oi this
mortgage. declining to insure eaid note xnd thia mortgage, being deemed concluaive proof of such in-
eligibility). the mortgagee or t6e holder of the note may. at its optIon, declare all auma aecured herebq
imraediateiy due and' payab2e.
14. That (a) in the event ot say breach of this mortgag~e or default at the part of the mortgagor. or
(b) in the event that any of said aums oi money herein referred to be not promptiy and fully psid with-
out dem~~Ad or notice, or (c) in the event that each snd evesy the stIp
u4tions. s~reements, conditlons,
~ ,?~a ~o~?e~t~ or ~aa ~~na tta~ morte,?~. are not duly. Promptly. aad futly perforaied; then ip
either or aay such event. the ssid aggregate sum mentiot~ed ia aaid Aot~ then i
e~naining unpau~ wIth
iater~st accrned to that time, and ull moneya aecured herebY, ahA11 become due aad payable f with,
or thereafter. at the op
tion o f aai d mo~ee. as iq Uy an
d comp
l
etely as if all of the said wma oi money
ps
: were org~us~lly stipulated to be paid on such day,aa,y thing ia said note or in thia mortgage to the contrary
natwithatsuding; and thereapon or thereafter, a the option oi said mortgag~ee~ w~thout notice or denua~,
auit st law or in equity, may be pro~secuted aa if all moneys secnred hereby had raatur~d prior to its insEi-
tution. The mortgag~ee may ioreclose this mo as to the aawunt so declared due andpayable~ and
the aaid premisca ahall be so[d to satiafy su?d pa~~ tAgether with coata. exPenaes. and allowanees.
Id case of partial foi~e~clo~svr~ of thia mortgage, the mort8a8~ed Premisea ahall be sold subject to the con-
tinuing lien of this mort~ag~e ior the amount oi the debt not then dne and unpaid. Ia such case the pro-
~ visions of this paragraph niay ag~~in be availed of thereafter from time to tiiae by the mortgagee.
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