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~ t~d insnra~o~ pe+~mia~, ~ dr~ e~e myr bs~ _a~dt ~ar ~haq b~ cr~diL~d b~r the ~+t~se on ab~eqwnt ~ -
pp?mmb b~ b~ inad~ b~ t1w mortsa~ar. Ii. how~awr, ths mo~t6t~ pe~yn~nts ~aa~de b~? t~s mortsa~or
mdsr a[ para~r~?ph ! pe~o~din~ tbaII no! bi rul6daat bo ~ reob~. tax~an ~nd a+r~ersments `
~ aad i~uwran~o~ m~a~s~ as th~ pw m~y b~. wl~m the w~ bsoome dne sa~d p~ysbla, then the i
~ mort~or ~i to th~e ,R~ ani? am~unt neoa~ar7 ~a msir~e np the d~fd~m~r~ on or betore the ;
~ dtbe whan p~y~mr~t a! we~ r~?t~~s. t~uce~. a~a~e~t~. or i~nr~n~s p~e~?imm~ ~hhall be due. I! !
at aRy t~me tbe a~rt~oc ~hall ~~O t~s ~o~ie~ ~ P~ oi ihe note ;
,ec„r~ed ~rereby. llill t o~ tbe entttr~e rept+e~eated thard?r. the mort~atee +ttull. :n com- ~
p~men e tre
pa~ tha s~awunt ~o[ such indebfi~dnen. aredit to the ~ooount at the mast~or s11 enb m~de under ~
the provisio~s oi o) a~ par~rap~ 8 hereo~i wbich the mo !us aot beoome ~ted to pay to the ;
Fedaral Housin~ and an' balsnoe remainu' ~~iuads aocmm~latad under the proviaions
oi (b) pi ~aid Z. Ii thsre ahaU be a deiwit under an,y a1 the provisions oi this mort~a~e. re-
aultia~ in a lic tale ot the premiser cavered hereby or if the mort~a~ee ~oquire~ the praperty other-
wi~e atEer deisult, the rhall ~?PPZY. st the t~me of the ooa~meneement oi such proceedin~a ar at :
the t~me the pr~p~y is~i~he~e ~oquired. the b~laace t6~a r~nainin~ in the iunds uxumulated under }
' (b) oi p~ar~rap~ ~-p as s cr~dit a~inst the ~enount oip cip~1 then remainin~ unpaid under
~ ~id note and ~hall prop ~ost any P~,Yments which shall bave been ~ade under (a) of said puagrAph.
~ 4. That he wiU pay sll tases; aase~m~nts. wster ntes. and other ~overnmentsl or municipal ch~es.
$ne~ or impasitioas. for which prnvisian has not been made hereinbefore, and in detault thereof the mort-
~~.~Y P~11.` ~e same; utd that he ~viU Ps'~P~Y deliver the otScial rxeipts therefor to the a:ort~agee.
b. That he ~iU permi~ commil~ or suffer no wastb in?p~irment, or deterioration of said property or ;
a~3i pstt thereaf ; and in the event oi the failure o! tha mart~ag+or ta keep the baildin~s on am?id premiaes ' :
and thae to be ere~ted on ssid premiaea. or improvemmta tfiereon, in Qood rep~ir, the mortgagee may ~
m~ke such~rep~irs ~s ia ita di~cretion it may deem aecessary for the proper preservation thereof~ and the '
~ tull amount of each and every ruch psyment shaU be immecW?telY due and psyable, and ah~ll be secured
by, the liea o! t~his mort~e.
6. Th~t he ~vill p~,y all snd, sin~ular the ~.wats, char~ea. and ~cpenses. includin~ reasonable lAwyer's
vll
tees~ sand aorta of ~babraats o! tatle, incurred or psid at any time by the mortg~ee because of the failure
on the p~urt of the mort~or promptly snd iu to perlorm the sgreements and covenanta oi aaid prnm-
issory note and this aao a~e. and aaid o~sts, c~hsr~es, and eycpenses rhaU be imraediately due and pay- ~
~?ble and shsll be secured
by the lien oi this mortaage. ;
7. Tbat he ~vill kee~ the improvements now existiu~ or bareaiter er~ted on ~he mort~aged propertY.
~ insnred ~ may be requued irosn tune to time by the mo a~inst loss by fire and other hazards,
~ qaw?Itie~e,~ and eontin~+encie~ in sach amoun+t~s uid for su~'ads as map be required by mortgngee,
and wi]I p~y pro~ptty, when due, any premiuiaa on such insarsnce for ~ayment of which provision has
not been nude hereinbeiore. All iaaursnce shall be cnrried in eo~mp~niea apprnved by znortgagee ~arid ~ ; .
the policies and renewais thereof sha~U be held by morteagee and hav~ attached thereto loaa payable
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~ notica b msil tfl mort,~aSee, aad mortea~e may make proof of loss ii not made promptly by mortRagor.
a~td ~ insuraaee connpany concerned ~a hereby suthorized and directed to ms~ke payment far such .
loas d i
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y to mort~a~e inat,ead ai to mortgagar and mo joint
ly, an d t
he insurance proc e e
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tead
. uty thereof, m~?y be appLed by mortgsQee at ita ogtion e
rt~er to the r
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e dness~ `
h~aecur~ed or to the restoration or repiur oi the property damsg+ecl. In event of foreclosure of thia°' ~
mort~ag~e or other trsaafer af title to the mortg~ed property in extinguishment of the indebtedneas
~exured henby, sU ri t~ titie, and interest of the mortgsgor ia and to any i~aurance policies then in iorce
ahsll p~ss to the ~~u~tser or ~rantee. .
That the mortga~ee msq~ at any tirne pending a auit upon this mort6~~ ~?PPiy to the caurt hav-
in~ ~urisdiction thereof tor the appointm~nt of s receiver, u~d such oourt shAli forthwith appoint s
receiver of the premises covered hereby all snd sin~ul~r. includinQ aU snd singular the income. profita,
issuea, and revenuea irom whatever source derived, e~?ch snd evexy of which, it being expressly under-
stood, is hereby mort~aQed as if specific~lly set forth snd de~ecribed in the g~rantin~ and habendum clauaes
hcreof~ and such receiver aha11 t?~ve ~Il the brnsd and eRective functiona and powera in snywiae ~
ent.ru~ted by a conrt to a receiver. and auch sppointment shall be tiude by such court as an admitted
eqnity and s matbeer oi ab~olute riQht to said mort,~~?g~e. ~und without reference ta the adequxcy or inad-
equacy oi the ~al~e oi the praperty anortgaged or to the solv~nncy or ineolvency of aaid mortgag~or or the
defendu~ts. ~nd tlut such rents, protits, incoame, iasuea, and revenues shall b~ applied by such receiver
~ a~aardin~ to the lisa oi this mort~xge snd the practice of st~ch cour~ In thae event of any default an the
put oi the mortgagor herEUndert the rao~rtgagor agrees to psy to the mortga~ee on demxnd as s reason-
sble mont~ily rentsl for the prem~ses an amount at least equlvslet?t to one-twelfth of the aggregate
oi the t~velve monthly instaliments p~ya~ble in the then current year plua the actual amount of the annual
tauces a~enta, water rate~, and insursnce premieims fvr such year not covered by the af'oreaaid
mantfily P~3?tneata- ' _ . . ,
~ 9. The mortgagor further covenanta that should this mox~gag~e and the note secured her~by not be
eligible for insurance under the National Housing Act within ~~7 p~y from the date hereof
(writt~n atatement af any af~'icer of the Federal Hcusing Administt~~lon or authorized agent of the
Federal Housing Commisaioner dated subsequent to the 3Q ~Ay~ time from the date of this
mortgage, declining to insure said note and this martgage, being t~emed conclusive praof of such in-
eligibility) ~ the martgagee or the holder of the note may~ at its option~ declare all sums secured hereby
immedigtely due and payable.
~ 10. That (a) in the event of any breach of thia mortgage or default on the part of the mortgagor. or
(b) in the event that any of asid sum~ of mt~~tey herein referred to be not promptly and fully paid with-
out demar~d or notice. or (c) in the event that each and every the stipulations, agreementa~ conditions,
and covenants of said note and thia mortgagc, are not duty~ pr~mptty. ~tnd fully p+erf'ormed ; thet~ in
either or any such event, the said agg~regate sum mentioned in aaid note then i~emaining unpaid~ with
intereat accrued to that time. and all moneys secur~d hereby, sh~ll bec~me due and payable forthwith,
or thereafter, at the option oi w~id mortgngee, as fnlly and completely aa if all of the said sums of money ~
were orginally atipulated to be paid on auch day. anything in aaid note or in this mortgage to the contrary
notwithatanding; and thereupon or thereafter, at the option oi aaid mortgage~, without notice or demand~
: suit at law or in equity. may be prosecut,~d as if all maneys aecured hereby had matured prior to ita insti-
tutio~. The mortgag+ee may foreclase this mortgsge, as to the amount sn declared due andpa
yable, and ;
~ the said premisea shall be +~old to satisiy und pay ttre ~me to~ether with costs. exp~nsee, and aDlowancea. ~
In case of parti~l foreciasure o! this mortgage. the mortgaged premisea ahall be snld subject to the con- ~
tinuit?g lien oi this mortgage for the ~emount of the debt nat then dne and unpaid. Tn such case ~e pra •
visions of thia paragrAph may again be availed of thernafter from time to time by the mortgag~ee.
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