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and inaurance premiums~ ~s the caae msy be~such excess ahall be credited by the mort~sQee on subsequent
p~yments to be made by the mort~a~or. II~ however. the monthl,l? P+U?m~?ts m~?de by the mort,~aB°r
under (6) oi parsgraph 8 preocding ehaU not b~ su~cient to p~Y~oua d rents. taxes and aeseasments _
and inaurance premium~ as the case may be. when the same shall tie~ome due and p~yable. then the
mortgagor ahaU pay to the mortgagee any amount necesauY to milce up the dsfkiency. on or before the
date when p~yment of auch ground rents~ taxes. sas~saaents. or inswra?nce pre~?iwna al?all be due. If '
at any time the nwrtgagor shall tender to the mortgagee ia ucordance with the prov~aions of the note
secured hereby. full payment of the entire indebtednesa represented thereby. the mort8a8ee ahall. ;n com• z
puting the amount of such indebtednesa. credit to the aceount oi the nwrtgs8or all enta made under ~
the pmvisiona of (a) of paragraph 2 hereof wbich the mort~qa8ee has not beoome ob~ted to PsY to the ~
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ommissioner and an
y balance remaining in the funda accumulated under the provisions ~
of (b) of said paraBraph 2. If thei~e ahall be a defauit under su?,y of the pmvisiona of t
his mortgage, re- :
sulting in a public sale of the premisea covered hereby. or if the mortga8ee aoquires the pmperty other-
wise after default, the mortga~ee shall apply. at the time oi the oommencement of auch proceedings or at
the time the property is otherwLSe acquired, the balaace then remaining in the funds accumutated under
(b) of paragraph 2 preceding as a credit againat the amount of principal then remaining unpaid under
said note and shall pmperly ad,lust any paYn?enta which $hall have been made under (a) of said paragraph.
~ 4. That he vrill pay all taxes. asaessments, water ratea. and other goveramental or municipal charges, -
fines, or impositions, for which provision haa not beea made hereinbefore, and in de~ault thereof the mort-
gagee may pay the same; and that he wiA promptlY deliver the o~'icial receipta therefor to the mortgagee.
5. That he will permit~ commit~ or suffer no waate, impairment~ or deterioration of said property or
~ any part thereof ; and in the event of the iailure of the mortgagor to keep the buildinga on saia premises :
and those to be erected on said premises. or impmvementa thereon. in good repair, the mortgagee may
make such repairs as in ita discretion it may deem necesaary for the proper preservation thereof. and the
full amount of each and every such paymettt ahall be immediately due and payable. and ahall be secured ~
by the lien of this mortgage. ~
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6. That he will pay all and sirigular the costa. charges, and e~cpenaea, including reasonable lawyer's
ieea. and co9ts of abstracts of title, incurred or paid at any time by the mortgagee because of the failure
on the part of the mortgagor promptly and fully to pertorm the agreements snd covenanta of said prom-
issory note and this mortgage, and said costs~ charges~ and expensea ahall be immediately due and.pay-
able and ahall be secured by the lien of this mortgage. _
7, That he will keep the improvements now exiatit?g or heresfter erected on the mortgaged property.
inaured as may be required fmm time to time by the mortgagee againat loss by Rre and other hazards.
casualties, and contingenciea in auch amounts and for such periods as may be required by mortgagee~
and will pay.promptly, when due, any premiums on auch insurance for payment of which provision has
not been made hereinbefore. All insurance ahall be carried in c~mpanies approved by mortgagee and
the policies and renewala thereof shall be held by mortgagee and have attached thereto losa payable
clauses in favor of and in form acceptable to the mortgagee. In event of loss he will give immediate
notice by mail to mortgagee, and mortgagee may make proof of losa if not made promptly by mortgagor.
and each inaurance company concerned ia hereby authorized and directed to make payment for such
- loss dire~tly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or ~
any part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness ~
hereby secured or to the restoration or repair of the property damaged. In event of foreclosure of this ~
- mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness ~
secured hereby. all right, title. and interest of the mortgagor in and to any insurance policies then in force
ahall pass to the purchaser or grantee. .
8. That the mortgagee may. at any time pending a auit upon thia raortgage. apply to the court hav- ~
ing jurisdiction thereof for the appointment of a receiver, and auch court ahall forthwith appoint a
receiver of the premises covered hereby all and aingular. including all and singular. the income. profita,
issues, and revenues from whatever aoun:e derived~ each and every of which, it being expressly under-
stood~ is hereby mortgaged as if apecifically set forth and described in the granting and habendutn clauses
hereof~ and such receiver shall have all the broad and e~'ective functiona and powers in anywise
entrusted by a court to a receiver. and such appointment ahall be made by such court as an admitted
equity and a matter of absolute right to said mortgagee, and without reference to the adequacy or inad-
E equacy of the value of the prnperty mortgaged or to the solvency or insolvency of said mortgagor or the ~
! defendants. and that such rents. prnfits, income. issuea. and revenues shall be applied by such receiver ~
according to the lien of thia mortgage and the practice of such courk In the event of any default on the
~ ~ part of the mortgagor herennder, the mortgagor agrees to paY to the mortgagee on demand as a reason• ~
able monthly rental for the premisea an amount at least equivalent to one-twelfth (3is) of the aggregate s
of the twelve monthly instaliments payable in the then current year plus the actual amount of the annual ~
taxes assessments. water rates~ and inaurance premiwns for such year not covered by the aforesaid :
~ mont~lY payments. z
9. The mortgagor further covenants that should this mortgage and the note secured hereby not be
~ eligible for insurance under the National Housing Act within th~.rty da s from the dste hereof
( written statement of any oft~icer of the Federal Housing Adm?nistration o~ authorized agent of the
~ Federal Housing Commissioner dated subaequent to the thirty days tirae from the date of this -
mortgage, deciining to insure said note and thia mortgage. being deemed conclueive proof of such in-
e eligibility). the mortgagee or the holder of the note may, at its option. declare all sums secured hereby
~ immediately due and payable.
~ 10. That (a) in the event of any breach of this mortgage or default on the part of the mortgagor, or
~ (G) in the event that any of said sums of money herein referred to be not promptly and fully paid with-
out demand or notice. or (c) in the event thst es?ch and every the stipulsttiona, a~reements, conditions,
and covenants of said note and this mortga~e. are not duly. pi~umptly. and fully performed; then in
either or any sucli event, the said aggregate sum mentioned in said note then remaining unpaid. with
interest accrued to that time, and all moneya secured hereby. ahall become due and payable forthwith,
or thereafter~ at the option of said mortgagee~ as fully and completely sa if all of the said sums of money
~vere orginally stipulated to be paid on such day, anything in eaid note or in this mortgage to the contrary
notwithstanding; and thereupon or thereafter, at the option of said mortgagee. without notice or demand.
suit at la~v or in equity, may be prosecuted as if all moneya aecured hereby had matured prior to ita insti-
tution. The mortgagee may foreclose this mortg?ag~e, aa to the amount so declared due and payable, and ~
the said premises shall be sold to satisfy and pay the same together with coats, expenses, and allowances.
ln case of partial foreclosure of this mortgage. the moi~tgaged premises ahall be sold subjeet to the con-
tinuing lien of this mortgage for the amount of the debt not then due and unpaid. In such case the pro-
visions of this paragraph may again be availed af thereafter from time to time by the mortgagee.
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