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Home My WebLink About0891 ' ~-rl.~\r~'vvi' Mv ~.~•1~~•!1~,~~`~~~~Y~l ~:f ` Y i.- _rv-w~..,.r.~Yr~'~ _ . ~ \ t ; t,,.,~ . . , ~ ~ , - , , i !lna~. or impo~itions, for which proviaioa has not been made hereinbefon. ~?nd in defaulE thereoi' the mort- ~a~ee may pqy the same; snd that he will pro~mpt.~y daliver the o~cial receipta therefor to the mort~a~ee. 6. T~u?t he will per~mik caa~urnit, or snRer t~a waste, impsirmeat, or deteriantion oi ssid prnperty or ~ any p~?rt thereof; and in the event oi the failure of the mort,~r~or to keep the buildings on aaid premiaes and those to be er~ecttd on eaid premis~. or impravementa thrseon. in good repf?ir, the mortgagee may ° m~?ke such rep~ira as in its discretian it may deem necesaary for the pmper preRervxtion thereof. and the ~ #ull an~ount of each and every such payment ahall be immedi~tely due and pAyable, ~nd ahall be aecured i by the lien of thia mort~s~ ; 6. Th~?t he will p~? ~?11 ~?nd. singul:ur t,he casta, charges. and expenses, including reaaonable lawyer's ~ ~ lees, and costs of abatracta of trtle~ incurred ar paid at any timc 'by the mortgagee because of the failure on the part of the mortgagor promptlY and fully to perform the a~greernenta ~nd covenants of aaid prom- - isaory note and thia mort~ge, and aaid costa. chsrges, and expenaes ahall be immediately due and pay- sble and ahall be aecurcd by the lien of thia mortgage. That he wiU keep the improvementa now exiating or heresfter erected on the mortgaged prnperty, insnx+ed as mas,y be required from time to time by the mortgagee sgs~inat laaa by fire and other hazards. casu~?lties, snd contit~en~iea in such amounta and for such periods as may be required by ~'r~ortgagee. ~nd will puy promptly, when due, any premiums on such inaurance for ~ayment of w hich provision haa not been made h+r,reinbefore. All insurance shall be carried in oompaniee apprnved by mortgagee and ~ ; the palicies and renewsls thereof ahall be held by mortgagee and have attached thereto loss payable clatu~es in Yuvor of and in form acceptabls to the mortgagee. In event og los~ he will give immediate notire by mail to mortgagee~ and mortgagee may make pmaf of losa if not made promptly by mortgagor~ and, each insursnce company concerned ia hereby suthorized and directed to make payment for such - loas directly to mortgagee instead of to mortgagor and mortgagee jointly~ and the insurance proceeds~ or• ~ ~ sny part thereof~ may be applied by mortgagee at its option either to the reduction of t~ie indebtedness ~ hereby secured or to the reatoration or repair of the prnperty dama8ed. In event of foreclosure of this ' mortgsge or other tranafer of title to the mortgaged property in extinguishment of the indebtedness : r= secured hereby, i?11 right~ title. ~nd interest of the mortgagor in and to any insurance policies then in force shsll psss to the purchsaet or grsattee. r~ . 8. Thst the mortgagee may. xt any time pending a suit upon this mortgage. apply to the~catt~f`hav- ing juriadiction thereof for the appointment of a receiver, and auch court ahall forthwith appoint a receivex of the premisea covered hereby all and singular, including all and aingular the inco:ne, profits, iaauea. and revenues fram whatever source derived, each and every of which~ it being expressly under- ' atood, in hereby mortgaged ~ if specifically aet forth and deacribed in the granting and habendum clauses hereof~ and such receiver shall have all the broad and etfective function~ and powera in anywise entruated by x court t+~ a receiver. and auch appointment ahall be made by auch court as an admitted equity and a matter of absolute right to said mortgagee, and without reference to the adequacy or inad- equacy of the valae of the property mortgaged or to the solvency or inaolvency of said mortgagor or the defendants, and that auch renta. profits, income, issuea~ and revenuea ahall 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 hereunder. the mortgagor agreea to pay to the mortgagee on demand as a reason- able monthly rentsl for the premiaes an amount nt least equivalent to one-twelfth (I1z) of the aggregate of the twelve monthly installmenta payable in th~e then current year pDus the actual arnount of the annual taxes asaeaamenta, water rat~~ and insurance premiuma for nuch year not covered by the aforesaid • - mont~ly paymenta. . 9. That (a) in the e~•ent of any breach of this morfgage or default on the pai~t of the mortgagor~ or (L) in the event that a»y of said sums of money herein i•eferred to be not pi•omptly and fully paid ~~:ith- ~ out demand oi• notice, or (c) in the event that each and eve~y the atipulations~ agi•eements~ conditions, ~ anci co~enants of said note and this rnoi•tgage~ are nat duly, pi~mptly, and fullv perfo~rn~ed; then in i eithei• or aziy suc{i event~ the said aggi•egate sum meiitioned ia s~tid uote then i•r~maining vflpaid, ~vith interest accrued ta Lhat time, and all moneys secured hereby, shall become due and p$yable fQrthwith~ or thereafter~ at the optiou of said mortgagee, as fully and completely as if all of the said sums of:rrloney ~ o~•ere oi•ginatly stipulated to be paid on such day, anything in said iiote or in this mortgage to the contrai°y , not~~•ithstanding; and thei•eupon or thei•eafter, at the optinn of said mortgagee, ~~~ithout notice oa• demand~ suit at la~~• or in equity. may be pa•osecuted as if all moneys secured hereby had matureci prior to its insti- tution. The mortgagee may fareciose ~his moi~tgage, as to the amount sa c~eclar~ed due and grayable~ and the said pi•emises shall be sold to satisfy and pay the same togethez• H•ith costs, expenses~ and alloH~ances. In case of partial fareclosui•e of this mortgage, the moi•tgageci premises shalt be sold subject to the con- tinuing lien of this mo~~tgage for the amount of the debt not then due and unp~id. In such case the pra ~•isions of this pai-agraph may again be availeci of tiiereafter fi-om time to time b~~ the mortgagee. _ 10. That the mo?~tgagoi• ~~•ili give immediate notice by maii to the mortgagee of any conveyance, li•ansfer, or change of o~~•nei•ship of the premises. 11. That na waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter be held to be a waiver of tne tetms hereof or of the note secui~d hereby. 12. That if th~ mortgagor default in any of the covenants or agreernenta cantained berein, or in said note~ then the mortgagc~ may perform the sa~ne~ and all expenditures (including reasonable attor- ney's fees) made by the mortgagee in so doing shall draw interest at the rate set forth in the note secured hereby, and shall be repayable immediately and without demand by the mortg~gor to the mortgage~e, and, together with interest and coats accruing thereon~ shall be secured by this mortgage. , 13. That the mailing of s written notics or dernand addressed to the owner of reoord of the mortgaged premises* or directed to the said owner at th~ last address actually furnished ta the mortgagee. ar direct~d ~ to said owner at said mortgaged pretz?ises, and mailed by the United Statea maila. ahall be sufficient notiee and dem~nd in any case arisin~ under this instreiment and required by the pmvisions hereof or by law. 14. The mortgagor oavenants and agrees that so lang aa thia martgag+~ and the said nate secured h~reby are insure~d under the provisiona of the National Housing Act, he will not execute or file for record . any inatrument which impo~es a restriction upon the sale or oc.~upancy of tne mortgaged property on the basis of race, color, or creed, Upon any violation of this underts?kinR. the mortgagee may, at its option, 1 declare the unpaid batance of the debt secured hereby immediacely due ~u?d payable. f ~ ~ ' _ , T ~ ~ ~ - ~ ~ ~ ~ ~ ~ ~aoxil4 289 ~ ~ ~