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'-/f ~~1~r` r ~ ~a b I ~ . ~ r~..L. . . ~ . ~ . ~ insuranos p~emiam~. ~ the c~e m~y be! _a~ch e~cce~s ahall bs credited b~ the mort,~sQee oa mb~equeot pprmenb tio be made b~r the morl~~or, If~ however~ the raontbly payments made by the mortia~o~c ~maer tb) ~ P~t~P~ $ r~~ic •~n not e. wmcient to pa~,~?~ro nnd rents„ tsxes ana aase~snaena and insuruN remi as the c~se m~? bq~ whea the eanae a~i beoome due and payablq th~en the n mostgag~or ppr to e mwrt~~ee any ~unount nec~easrs? to make up the deRciency, oa or before the date when p~ymenL oi anch Qround rents;~ tues. aasessments, or insur+~nce premiwas aha11 be dna Ii ~t any tlme the znortgyrar ahsU tender to the mortgagee in ~ccordance with the provisions oi the note secured hereby. !~Up~r~ eat ot the entire indebtedneas repreaented thereby~ the mortga~ee ahaU, in oam- put~ng the amount o! auch indebtedneas, cr~edit to the ~ccount oi the mort~agor alt p~ymeata made undar t6e •praviaions oi (a) of patsgraph 8 heseoi which the morltgagee hss not beoo~me obligs~l to pay to the Fedenl Housin~ Commissioner and any bslance rems~inin~ in the iunda accumulsted under the pmviaions oi (b) of ssid ~~~?ragraph 2 Ii there sha~ll be A delault unno.~ any o! the provisions of this mortgage ~rc- aWting in ~ pu lic aale of the premieea oovered hereby! or ii' the mortgagee uquires the pmperty ot~eer~ wise ait+er defeult. the mortga~ee shall apply, at the t~me of the oommencement oi auclt proceedings or ~t ~~y ro the time the pro is otherw~se acquirecl„ the bslanoe then remaining in the tunds ~iocumulated under (b) of ph 2 p as a credit againat the amount oi principal then remsir?ing unpaid under ' aaid note~ahsll proper~~ust sa,y pqyments which shall have beea naade under (a) of aaid paragraph. ~ , 4. Tlut he will p~y all tasea, asseeaments, water ratee. ~nd other gavernmental or municip~~l chargea~ ~ne~„ or impositions, ior ~rhich provision h~s not been made hereinbetore. ~ad in default thereof the mort- . ~ag~ee m~y pqy the aame; and t4st he will promptly deu: ar the official receigts therefor to the mortga,~ee. - 6. That he will permit, oanmi~, or auffer no waste, ia~pairmenk or deteriontion of said property or ; any part ~hereoi; and in the event oi the failure oi the mortgag~o~r to keep the buildinga on sdin premisea ~ snd thoee to be erected on aaid premiaes, or improvementd thereon, in good repair. the mortgagee m~y ~ ~ maace auch repsira as in ita diacretion it may deera necessary for the proper~pre~servation thereof. and the fiill amount ot ea~ch and every auch payment shalt be imimediatebr due and payabl~, and ahsll be secured ~ by the lien ai thia mortgag~, 6. Tbat he will p~,y sll aod singular the eosts, charges~ and enpenses, incln ' rea~onabte lawyer'a. : ~ ~ees, and e~osta of abstracts of tit~e~ iacurred or psid at any time by the mortgag~ee~use oi the f~ilure ' on t he p a rt o i t he aw r t g a g or prnmp t ly an d f u l to pe r form the a,greements snd covenants of e~tid prom- . iesory note ~nd thia mort,gag~e. and said ooats, c~argea, and ezpenses st~aU be immediately due aund ps,y sble'und ahall be aecured by the lien o! thia mortgage. That he wilt kee~? tha improve~ceents now existing or hae+eafter erected on the mt?rt,Qaged P~P~Y, inaured as m~r be requu~ed irom time to time by the ma~~,against loea by fire snd other hasards~ ~ casuslties. snd oontingencies in such amounts and for au periods aa msy be required by mortgage~ ~~pqy promp~~h~ du~e~ any premiwna on auch insursnce for p~qyment of which provision has ~ mad h All inaur~unce ahail be 'carried in eom~aneea approved by mort~g~gee snd ` the policies and renewatsithereof ahall be held by mortgagee and have sttached thereto laes payuble i cla~sea in favor of and in form aaceptable to the mortgag~ee. In event ot loas he will give immediate ~ notioe b~r mail t~o mortg~gee, and mortgagee may m~lce proof oi loaa if not ms?de promptly by mortg?ag~or. ~ aad e~h inaurance comp~any concemed 'us hereby suthorized and direct~d to make pa,yment for anch ~ loes directly to mo instedd ot to mort,gagor and mo ~ointly~ and the inaurance proceeds~ or ' any. there~f, ~applied by mortg~ag~ee at its optioa~~er to the reduction of the indebtednesa : h~sewred or to the reatontion or repair oi the . properly damaged. In event oi forecloanre of this ` mortgug~e or ot6er tr~uoafer of titte to the mortgaged pioperty in extiaguiahment of the. indPbtedneea ~ secured hereby. all right~ titk, and intereat of the mortgagor in snd to any inanrance policies then in ioroe - ; ahall pass to the purch~ser or grantee. ; 8. T6at the raortgagee ma~y, st any time pending s suit upan thia mortgage. spply to the court hsv ~B ]~~~on thereof for the appointrnent of s receiver, and auch eourt ahall forthwith appoint a rece?ver of the premises caver+ed hereby all and singular, inclading all and singulu the inoome, profits, ~ iaeue~, and revennea from whatever aow~oe derived~ each and every of which. it being e~cpreasly under_ : atood, ia hereby mortgaged ss i~ apeciScally aet forth and deacribed in the granting nnd h~ dum clsuaes ; hereof, and such receiver shall have aU the braad and effective functions and poaers! in anywiae ~ entruated by a ew~rt to a receiver, and such appointment ahall be made by auch court sut an admitted ' equity and a matter of abeolutE right to aaid mortgagee. and without reference to the adequacy or inad- ~ equacy of the valae of the pmpertq mortgaged or to the solvency or iasolvency of aaid mortgag~ur or the ' detepdanta, and that $uch rents, proRta~ income. ia~ues, and revenues ahall be applied by ae:ch reoeiver acoording to the lien of this morkgage and the practice of such courk In the event of ' part of the mortgagor hereuttder. the mortgagqr agrees to pay to the mortgag~ee on d mand asa atreaaon- i able moathly rental ior the premisea an amoun~ at lesst equivalent to one-twelfth of the aggreggte of tbe twelve montlily inataliments payable in the then curre~?t qear ptua the actual unount oi the annnal ' taxea aaaeasmenta, water rat~, ~?nd ineurance premiwne ior each year not oovered by the aforesaid moat~ly payments. ~ 9. The mortgagror further covenants that shonld this mortgage and the note aecur~d herebq not be ' eligible for insuranc:e under the National Housing Act within 3A _ pp~s _ irom the date fiereof ~ (written statement of any o~aer of the F~eders! Houaing Admmis~ia ~oa ar aufhorized ag~ent of the F~ederal Housing Commisaioner dated subsequent to the n~y~~ time frotn the date of thia ' ~ mortgage, declining to inaure said note and this mortgage, be~ng B~P.t~ed canclusive proof of auch in• ; - eligibitityj. the mortgagee or the holder of the note may, at ite optian~ declare ~1 sums securEd h~reby } immediately' due and payable. ~ ~ 10. That (a) in the event of any breach of tfiis mortgage or default on the p~art of the mortgagc?r, or ~ -(b) in the event that uny of aaid aums of money herein referred to be not promptly and fnUy paid with- ' out demand or noLice. or (c) in the event that each and every the stipulatione. agreements, conditions, and covensata oi aaid note and this mort~aQe. are aot dulY, promptly, and fully performed; then in either or any such event, the said aggregate sum mentioned in said note thea remain~ng nnp~id with interest accrued to that time, and all moaeys aecured hereby, aha11 beoome due and psyable fort~with, or thereafter. at the option of said mortgagee, aa iully aad co~mpletely as if all of the said suma of money were orginally stipuiated to be paid on snch day. anything in said note or in this mortgage tfl the oontrsty natwithstanding; and thereupon or thereafter, at the option of~said mortgagee~ without notice or demand, suit at law or in equity~ may be prosecuted aa if all moneya secured hereby had m~tured priar to its ia8ti- tution. The mortgag~ may foreclose thia mortgage. as to the ~unount so declared due nnd payable, snd . the said premiaea shall be aold to satisfy and p~y the sa~me together with costs, expenaea. and allowances. In caae of partixl foreclasure oi thia mortgage, the mortgaged premiees shsll be sol+a subject to the oon- tinuing lien of this mortgag~e for the smount oi the debt not then due and unpsid. Ia +wch casP the pro- viaiona of thia paragrnPh may again be availed of tl~ereafter from Lime to time by the mortg~g~ee. • 11. That the martgagor will give immediat~e notice by mail to the mortgagee oi any conveyano~ tranafer, on change ai ownerahip of the premiees. ' 12 Tbst no waiver of ~ny covenant herein or oi the obligataon sec~u~ed he~+eby shal! st any ~ : thereaites' be held to be a waiver oi the teema hereof or oi the note eecwred hereby. : • 0. ~ ~ F~CE ~ _ 8i~.; it