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Home My WebLink About2292 ri~-_r~w.+.M i... . ri ~ - ~ • ~-M,. , y~r .s~.. , v~ . 1 • . • . . - , .11fM•1`iir:'4~... V.. ~ t~ ~ rc rA...'~..ri. : R w-... O' ' ~ . . Q ' . . ~t 7 ~ ~ _ { ~ 1lnes, or impositiow. !ar wl~ich proyisioa !w not been made h~einbeiora. and Irr dafaalt thereot the morG~ t~ ~3?1xJ? the s~?ane: aad tlu~t ha will pro~napt~y deUver the otflcial recet~s the~retor to the mnrtsa~ea 6. That he wiU punait~ aomnrit, a- wtrer no waste~ fmp~ra~ent~ or deteriorat~a o! a~?id property or aeU? p~rt thereot; and in tl?s e~veat ai the fsilure oi the mo r tn kaep the buildin~s on ~aid premise~ : and those t+a be eractred on ssid pr~ni~+es, ar improvements~ereaia~ ia ~a~od rep~ir. the n~ortaagee may ; m~ke such repain as in ib discr~etian it m~y dee~n ne~ry for the proper pr~esetvatian ther~.wf~ xnd the ~ tnt! ~mount oi each and every such payment sh~l be immediately dne snd p~yable, and shall be aecured ` ~ • by the lien oi this mortsa~,+a. 6. That he wilt p~ al! and sitt~ulsr the costa, char~. snd cxpenses, including r~asonable lawyer's ~ ' t~ and casb of abstracts of title~ incurred or paid st any time by the n?ortgagee becauae oi the failure ur : on th~ p~uct o# :.~e mart~x~or promptly and fully to perform the agr~ementa snd covenants af said prom- issoxy twte and this mo ~e and s~?id casts~ char~es~ and expenaes ahall be iartrnediately du+e an+~ pay- sble and st~all be aecux+a2 by the lien of thia mort~e. 7. 'That he wiA k~e~? the improverreenta aow existinQ ar he~er arecLed an the mortg~ged property, ro m ituur~.d as m~y be requ~red frorm time to time by the mo sgainat Mas by fire and ather hara~rda, casualties„ and contin~cies in soch ~mountta and for auc periods as m~y be required by mortgagee~ and will pay promptly~ when due, any premiuma on such insunace for psyment of which provis~on hna : not been msde her+einbeYore. AII inauruire ahalt be carried in camp~ni+es approved by mortgagee and the policiea ~nd renewsls thereai shall be held by mortgagee amd have attached thereto Maa W?yable clat~aes in favor of s~nd in fortn ac,~ept~ble to the mortgsgee. In event of lcvaa he will ~?ive immediate ; notiae by mail tfl mort~ee. mnd martga~ee rnay mske praaf of losa if not made promptly by mortgagor~ and e~ch insurance cocnp~ny ~oncerned ~a hereby uuthorized and directed to make payment for such loss directly to mortaag~ee instes?d of to mortgagor and mort jQintly, and the inaurance proceeds~ ar anpp thereof~ may be spplied by mortg:~gee at ita optian eit er to the reduction of the indebtedness hercby aecured or to the restoration or repair of the property dxmaged. In event of foreclasure of thia mort~gt ar oth8r tran~fer of title to the mortgaged property in extinguishment of the indebtednesa seeured hereby. all ri ht, title. and intereat af the mortgagor in und to any insurance paliciea then in force sh~ll g~ss to the pu~aser or ~r~?ntee. , 8. 1'h~t the mortgagee mxy~ st any time pendin~ a suit upon this mortgAge, apply to the court hav ing juri~diction thereof for the appointnaent of a receiver. and such court ahall forthwith appoint a receiver of the premiees covet~ed hpreby ~l! and singular, ir~cludin~ sll and singular the incarne~ prnfits. issues, snd revenue~ from whstever source derived, each and every of which~ it being expressly under- stood, ia hereby mort~ged aa if ~peciRcAlly set forth and described in the granting and habendnrn clausea her~oi, and anch receiver ahs11 have sli the bro~ad and eftective iunction~e and pQwers in anywise entruated by s rnurt to a n~ceiver, and auch appointment shall be made by auch court as an admitted aquity and A matter of absolute right to aaid mortgagee. ~nd without referenoe to the adequ~cy or inad- equ~cy of the vs?lue of the praperty mo~rtgaged or to the solvency or ineolvency of aaid mortgag~or or the ~ defendants~ xnd thi?t auch renta. profits, income, iaaues, and revenues~ shall be applied by such receiver i aeoording to the lien of thia mortgage and the practice of ~ueh courk Ir? the event of any default on the part of the mortgagor hereunder, the mortgagor agr~a to psy to the mortgsgee an demand as ~ reason- ~ sble monthly rental for the premises an amount at least equivalent to one-twelfth of the aggregate 7~ of the twedve monthly instatlments payable in the then current year plus th+e actual amount of the annual j tuues as~eaam~nts, water rates, and inauranee premiums for such year rot covered by the aforesaid ~ mont,~1y w?ymenta. ' 9. That (a) in the e~•ent of any b~~each 9f this mortgage or defauDt on the part of the mortgagor, or ; (L) in the event that any af said sums of money herein i-eferred to be not promptly and fulty paid ~~:ith- out demand ai• ifatice~ ar (c) in the event that each and evet•y the stipulations, ~gi~eements, conditi~ns, ~ and covenants of said note and this mortgage, are not duly, ~i~umptly, and fully performed; then in ~ either or any such evetit! the said agg?•egate sum me~itioned iu sai~i ~iote then ramaining unpaid~ with ; ~ interest accrued to tltat time, and at! moneys secured hereby~ ahalt becam~ due and payable forthwith~ or thes•eafter. at the optioti of said mortgagee, as full~• anc~ completefy as if all of the said sums of money ' ~~•ere orginally stipulated to be paid on such day~ anything in saic~ i~ote oa• in this mortgag~ to the cot~tr~ry ? not~~•ithstanding; and thereupon or thereafter, at the option of said mortgagee~ without r?otice or demand~ ~ suit at la~~~ or in equity~ may be prosecutecl as if aJl moneys securect hereby had matured prior to its insti- ~ tution. The moi•tgag+ee may foi•eclose this mo~~tgage, as to the amount so declared due andpa yable, and the said pi•emises shail be sold to satisfy and pay the same together H•ith costs~ expenses, and aliowances. ! In case of partial foi•eclosui~e of this moe~tgage, the maa•tgaged p?•emises shall be sold subject to the con- j tinuing lien of this moi~tgage for the amaunt of the debt not then due and unp~id. In such case the pra ~ ~•isions of this parage•aph may again be availec~ of tlYei•eafter frorn time to time by the mortgsgee. ~ 10. That the moi~tgagoz• ~~•ill give immediate notice by mail to the mortgagee of any conveyance, li•ansfei•~ or chatage of oWnei~ship of the pi•emises. ~ Yl. That no waiver of any cavenant hei~ein or of the obligation secured hereby shall at any ti~r~e ~ thereafter be held to be a waiver of the terrns hereof or of khe note secured hereby. - 12. That if the mortgagor defatilt in any of the covenants or agreementa contained herein, or in i sttid note, then the mort~agee may perform the same, and ali ~xpenditures (including reasonable attor- ' ~ ney°s feesj made by the martga~ee in so doing shall draw int.~rest at the rats set forth in tbe note secured hereby~ ar~d shall be repayahle immediately and without demand by the mortgagox t~o the mortgag~e, a~d~ ~ together with interest atad costa accruing thereon, ahall be secured by this mortgage. • 48. That the mailing of a written notice or d~mand ~dreased to the owner of record ~f the mortgaged premises, or directed to the said owner at the last address sctuaily furniahed to the rnortgagee or direct~d ; to said owner at said mortga~ed premises~ and mailed hy the United 3tate~ mails, shall be suff~cient aotir~ ; and demxnd in ~ny case arie~in~ under thia instrument und required by the provisions heaeof or by law. : 14. The mortgag~or covenants and agrees that ao iang aa thia mortgage ar~d the a~id note secu~+eed hereby are insured under the provisiona oi the Nationsl Housin~ Act, he will not exe+cute or fi1e for record ' ~y instrurnent which imposes a~ restricEion upon the sale or occupaney of tne mort~ag~d property on the ~ basis of ruce~ color~ or creed. Upon any violation of thix nndertaking, the mortga,~ee may, at it~ option, declare the unpaid balance oi the debt secured hereby immediately due and payable. s; ~ ~ ~ ~.1~