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Home My WebLink About0188 ~ ti„ r.s.r'.~ _ •r, ..a .x~ . . , ~ i . . ~ ~ . r +w i r., ~ A'~=~ • ~M ' ft .~.~:~.rt r~ ".~I~..~'.'... M~' ...iti - :4. ~ v! e'` Y'1 ~ ~ ~ . . ~ ~ ~ ~nd iHarvro~ prrmima~. a tlre caM myrb~ a~~eh e~caer sh~ll b~ cerdited b~ the mortsas+es oa w~qwnt ~ ~ pyrm~ats tn b~ mad~ tp t6~ mort,~o~r• u, howewr, ths montl~ p+~,pmar?tr m~rd~ by t~a mort~ . i ~ t~) ,ot p~p~ap6 ~ pa+~o~ ~haD mk b~ ~nt ~o py r~h. tsxM and a~enrmenb i and i~rnrana? ar t~ aw~miU? b~, wh~ th~ ~me ~ba~ dw and p~yable, th~en tha : atyr ~a~oant neoe~rsr~ ~ m~ np t~1rs da~lct~~ on or before the dste vhen y~n~e+?t o~ a~eb? Ip~i~entar tasa~,~ ar~L~ o~ insnran~a D~'amimsr s6a11 be due. Ii ~ at any tim~ Nu n~ ~u11 t~' ~o the moi'~i~ee in ~oao~rdancs with ths provisioru ai the note tall t o~ thhe entiY+e indebtedne~ repre~eated tlse~ebY. the mort~~ee shall~ ;n ean- ~eeur~ed hereby. e t +e pu~~e ~t o~ credit to the u:oount ai tha mort~or al1p~y~ enL msde under tM p~ov~dons o~ s) o~ p~ ~ 1~ereoi which the ~as not become obli~ted to pay to the ier Federal Houti~ atW ~ bulance rmnsinnin~ in iwtds accumulaLed nnder U?e praviaions ~(b) & Ii thare ~hali be a default uader any ot the provisiona of tt~is mort~e. re- sultin~ in a pu lic sale ai t6e pramires o~vered hereby. or ii the mor~a~ee uxiniras the property other- wire atter de~'~?n1t. the mo~ shall aPP~1?'• at the time o! the oo~mmencement ot sncb prnc~edittQs or at the time the pr+o~Y ia a~cqnired, tha balanoe then ranainin,g in the funds sccumulated under ~ (b) oipar~r~?Pa ~ P~'~in~~~u s credit ~ainst the amount oi princapsl then remainin~ unpaid under aaid na~ts and +rh~ll Pra?PerU? sdl~ ~Y P+U'~enta which ahall l~ave been made undex (a) oi said paragraph. 4. Tl~st he will p~y ~il t~cee. wessmentu. pster ntes. and ot6er ~overnmental or municipal chsrgea. line~. the~same and th~p t hr e w ll pramptly eLd ~ the ~io~ci~?1 ~ire~i.~eipts 1therefor to th~ico ~rtgs,~~ee. ' 6. That he will permit, ca~nmit~ a~' suifei' no w`aste. imPurment~ or daterlontio~ o! said property, or ~r part tbereof; and in the event of the fsilure oi the mort~or to keep the buildin~s on said premi~es - snd thae to be erected on e~id premiures, or improvemenb tFierea~a, in ~aod riepair, the martaagee may; : m~k~ snch repsira as in ;b diacretion it ma~? deem necesaary for the propear prsservation thereof. xnd the ~ inll amount ot eac6 and every snch paymeat ahall be im~medi~tteU? dae and payable, and shall be secured ' b~ the li~n a! thia mort~~"e~. . ~ ~ g, ~t he wiU p~y ~11 and, sin~ulsr the coab. char~es~ and expens~~ includin.~ reasonable lswyer's iees~ snd costa o~i abstracts o! tatle, incurred or paid at any time by the mort~agee becsuse of the failure on the part of the mort,Q~c?r pro~mptly snd fully tu perfornx the agr~eements snd covenu~ts ot ssid pmm- m issory note ~ad thia mo ~e, and aaid costs. char~es~ and expenses shall be immediately due nnd pay- able and ahaU be eecured b~y the li~n oi this mart~aQe. U 7. 'I'bst he ~vill keep th~e improvements now euiat~ or herea~ftier erected on the mortg~ed proUertY. . : insnre~ ia malr be required iran time to time by the mo a~a~ nat lwa by flre a~nd other hazards, casa~lties.aad oontin~en~aea in such amounts snd ior su~'ods ~s may be r~quired by mortgagee. ~~U p,,~y .p P~,ji. when dae, any Premium~ an such in~ursuce !or ~ayment of which proviaion hss not 1~eea msda h~ereinbetore. AU insur~nce shall be carried in t~npanies approved by mortgagee and : the policies aad renewils thereof ahaU be held by mortga~ee ~nd luve attsched thereto loea payable : c.lsn~es in i~v~or o f an d in form s?ccep t a b le t o t he m o rt g a g e e. I a e v e n t o! l o s s h e w i l l g~ a v e i m m e d i a t e ~ natice by msil to mort~ee. ~?d mortg~e may make prnoi o! laa i!' uat made promptly by mortgagor~ and e~ch inqunabe com,pany concerned ia hereby authorized and directed to make payment for such ee laa directlY to mort~s~e iast~ad oi to mortgagor and mort~ee jointly~ and the insurance proceec~s. or • - sqyp thereat, may be applied by mortga,~ee at its option either ta the reductian of the indebtedness ' hereby taecural or to the r~toration or repair of the pmpertY dam~Bed• In event oi for~clasure of thia . ~ mortga,~e or other tr~nsfer of title to the mortgaged prnperty in extinguishment of the indebtedt?ess secured hereby, xll ' t~ title. s»d intereat oi the mortgagor in snd to any inaurance policie.~ then in force : • shsll pass to the or grsutee. 8. Th~?t the mortgagee may, at r~Y time pendin~ s suit upon this mort~a~+e. apply to the court hxv- in~ jurisdictian thereof for the appointment o! a receiver, and such eo~rt ahall forthwith appoint ~ receiver of the'preniiaea covered hereb~? all and ain~ular, including all and aingular the income~ profita, issu~ss, und revenuea from ~rhatever aource derived, exch sad every o! which, it being expres~ly under- stood. is herr~e~by mort~mged as if apeciflcs~ily set forth and de~cribed in the granting and habendum ciauaea her~oi. ~nd such receiver shall hsve all the brosd and ~ffective functions and powers in anywise entn~sted by a court to a receiver, snd auch appointment shall be made by auch court sa sn admitted . equity and s matter of sbaolute right to aaid mortgsgee, and without reterence to the adequacy or inad- equ~cy of the vailue of the property mortgaged or to the solvency or insotvency of said martgagar ar the defendants, and tbit such a~ents, pm8ts, income, iasues, and revenaes ahall be ~pplied by auch receiver . ~rdin~ to the Ueuu of this mortgage snd the pr~stice of auch courk In the event of ~ny default on the psrt oi t$e mortg~agor hereunder= the mortga?gor ~tgreea to pa,Y t+~ the mortgagee on demand aa s reaaon- ~ble ma?thly rental ior the premiaea sn amount at leaat equivalent to one-twelfth (1;,=p of the aggregate oi the twelve monthly installments payable in the then current year plus the s~ctual amount of the annusl ta~cea as~smenta, w~ter rates~ snd insurance premiums for such y~r not +covered by the aforeaaid moat~ly p~yments. . 9. The mortgag^or further covenants that should thia m~rtgage and the note secured her~by not be eligible for inaurance under the Nationa! Housing Act within ~li~tety Dn~ra from the date hereof ,(written atatement of ax?y oflicer of the Federal Housing Administration or suthorized ag~ent of the Federal Housing Commias~oner dated ~ubsequent to the~~t~ time fmm the date of this mortgage, dectining to inaure said note and this mortgage~ being deemed conclusive proof of such in- ~ eligibility) ~ the mortQa~+ee or the holder of the note may~ at it~ aption, declare all aums eecut~d hereby immediately due and pxyable. . 10. 'i'hxt (a) in the ,event of any bre~?ch of t~t?ia mortgaQe or default an the part of the mortgsgor, ur (b) in the event that any of said suma oi money herein referred to be not promptly snd fully paid with- out demand or t~otice, or (c) in the event that each and every the stipulatioc?s, agreements, conciition;. - ~und covenants of aaid note and this mort~a,~. are not duly, promptly. and fully performed; then in either or any sucii event. the astid ag~re~ate aum mentioned in said note th~en remaining unpaid. with intereat accr~ed to that time, And sll moneya secured hereby. sh.all becotne due and payable forthwith, or thereafter, at the option oi said mortgag~e~ aa fully and completely as if all of the said suma~ of money were orgins?lly ~tipulated to be psid on auch dsty~ anythit~ in said note or in this mortgage to the contrary notwithstanding; and thcreupon or t~?ereafter. at the option of aaid mortgagee~ without notice or demand~ auit at law or iu equity, may be prosecuted as if all moneya aecured hereby had tnaiured prior to ita insti- tution. The mortgagee rt~xy forecioee this mortgage~ as to ti~e amount so declared du~ andp~ yable, snd the eaid premise~ s,i1a11 be eold to eatisfy aAd p~ny the same together vrith co~ts, expenaes, and allowance~. Ib cr~e of ps~rtisl foreclosure of thia morta$Qe, the rnortga~ed premisea shall be eold subject to the con- tinuing lien oi this ttartgag~e for the srnount of the debt not then due and unpaid. In such cASe t3ie pro- viaio~s og this pxragraph may again be availed of thereafter frnm time to time by the mortgagee. ~ , t . ~ ~ a~~il3 i~