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Home My WebLink About2300 ~.~....a..a.r~ r. ~i~ . t.a.., . ; .r•. • , , . - • ~tr1r ~~.~.L?•.v~Ai4-i~+~~.1~~ ~!~A: ~I...'+1~~ra ..v ~:.1' i~ s-I.••. -•M. ..w.. +iM.A'...a +,.~L.i~ ' ~ ~S +'11, : a~ ~ ~ ~ a ~ !lnes~ or impoaitiau. ior ~rhich proviaia? lw not been m~da hereinbefore, and ta defanlt thereoi the morG. ~+~i~ m~? Pa~ tha u~me; and that he wi11 pro~mptly deliver Lhe o~cial nceipL therefor to the mart~a~ee. 6. Tt~at h~ wiU per~nit, aammit, or sulier na r?atte, imp~irment, or deteriaration oi uid property or aQy put thetbat; at~d io Lhe event oi the fai)urs oi the mort,~afor ta keep the buildin~s oa aain premiaes ~?nd thase t+t? be exreek+~d on said ptremises„ or improvemen4 tTienon. in ~ood reps~ir~ the m+~rtga~ m~y ; make such repairs aa in ib di~cretion it may deem nece~sary for the proper preserv~tion thereof~ and the iuU smount of ~ch and avary such payment shali be irretn~d'utely due ~nd pny~ble. and shall be secured by the lien oi Lhis mort~a~. - 6. That he v?ilt pay xt~ and dnsulu the costs, char~es. and eacpenses, includ~ng reasonable lawyer's ~ teea, aad rasb of ~tracb af title, incurred or paid At time by the mort~~gee because of the failure on the psrt ot the mart~a~or pranptly and fully to perform the agr~menta and covenanta of u~id ror~a- u i~sory naW and this mortg~e. uid said ca~ts. char~es, ~nd expcnses ehall be immediately due an pay- a?ble and shall bia secured by the ]ien o! thia martg~e. 7. Tht?t he witl ke~ep the impravementa now existir?~ or har~.,stter erectcd on the mortQaged property, ~ , in~ured aat may ba requind irom time to time by the mortg~e ~gainst lasa by lirc ~nd other hazards, ~ caausltiee. u?d contiagenci~s in auch ~uu?ounta snd for such periods aa may be required by mortgag~e~ snd wiU payprom ptly. when due, any premiuma on sur,}? insunnee far payment of which proviaion has not ~een m~de hereinbefore. All insurance bhall be carried in connpwn~es Apprroved by mortgagee and the policiea snd rer~?ewsla thereof shall be held by mort~s~ee and have attached thereto loaa payable clauseee in favor of and in form accept.~ble to the martga~ee. In event of losa he will Qive immediaLe natice by au~i1 W mortg~e, and mortga,gee msy m~ke prnaf oi tos$ if not made promptly by mortgagor~ and •each ina~rance compuiy cancerned is hereby sutharized and dirNCted to make payment for such ~ lasi dit+ect.ly to mortgsgee inatead of to mortgagor ~tnd nnort~agee ~ointly~ an~ the insurance proceeds, or ~ hsny~ thereoi. may be applied by mortgag~ee at its option ei"ther to the reductaon of the indebtednesa , y secnred or to the restoration or repair of the pmperty darr~aged. In event of forecloaure of this ? mort~ ur other transier oi tatle to the mortgaKed propcrty in extinguiehment of the indebtedness ! secured hereby, all right~ title, ~nd interest of the mortgagor in and to any insurance policies then in force shall p~s to the purcbxser ~or ~rantee. 8. Thst the mor4ga?gee niay. st any titt?e pending a sait npun thia mortgage. ~ppty to the court haw . iag jurisdictioa thereof for the appointment of a receiver. :tnd such court ahall forthwith appoint s receiver ai the premisq covrred hereby al! and aingulsr, includin~ all ancD ~ingular the income~ profits, ~ inauea, and revenues from whstever source derived, e~?ch and every of which~ it being expreaaly under- stood. is hereby moztgs~ed aa if specifically set foa~tt~ s~nd described in the granting and h~bendum clausea hereoi~ ~nd such receiver shatl have alt the bras d and etiective functiona and powcra in anywiae ' entre~sted by s coart to a receiver~ and such appointment ahall be made by auch court as an admitted ' ~ ' equity and s matter of abaolute right to said mortgagee, and without reference to the adequacy or inad- eqwucy o# the value of the property mortgaged or to the soivency or insotvency of aaid rnortgagor or the defendsnts~ ~nd ttwL such renta. pro~ts~ incomey issaes, and revenues ahall be applied by such receiver i ~ s~ccording to the lieb of this mortgage and the pruct~ce of auch conrt. In the event of any default on the ; part of the mortgagor hereunder, the mortgagor ~?grees to pay to th~ mortgagee on demand as a reasan- ' ~ble monthly r~ntal for the premia~ an $rnount at l~xxst equivslenL ta one-twelfth (1;1~) of the aggregate ' i~ of the twelve monthly iastallments pteyable in the then current yesr plus the actual amount of the snnual 1 . taxes assesaments, wuter rates, and it?eurance premiume for such year not covered by the aforesaid ~ aaont,~ilY gaymeAta. ' • 9. That (a) in the e~~ent of any breach of this mortgage or clefault on tl~e part of the mortgagor~ or ~ (L) in the eveni that any of said sums of money herein referred to be nat promptly and fully paid u-ith- , aut demand ar ~?otice~ s~r (c) in Lhe event thaL each and ev~ry the stipulations, agreements, conditions, And Co~~enants of saicl note and this moi•tgage, are not duly~ pi~rmptljr, and fullv performed; then in ~ either or any such event, the said aggregate sum me~~tioned in sai~i uote then remaining Unpaid, with interest acci~ued to that time. and att moneys secured hereby, ahalt became due and payable forthwith, ; or thereafter~ ttt the optio~t of said mo~•tgagee, as fully and completely as if ali of the said sums of money ~ ~~•ere orginally stipulated to be paid on auch day, anything in said note or in this mortgag~ to the contrary ~ not~~•ithstanding; and thereupon or thereafter, at the option of said moi-tgag~ee, without notice or demand, ~ ~ suit at ta~~~ or i~~ equity~ may be pY•osecuteci as if alt moneys secured hereby had rnaturc~ prior to its insti- ~ tution. The mortgagee may foi•e~los~e this mortgage, as to the amount so declarPd due and payable, an~ ~ the said pz•emises sh~?11 be sold to satisfy and pay the same together ~~•ith costs~ expenses~ and allowances. ~ In case af partial foreclosui~e of this mortgage, the mortgaged premises sha(t be sold subject ta the con- i tinuing lien of this mortgage for the amount of the ciebt iiot then due anci unpaid. In such ease the pra ~ risions vf thia psragraph may again be availed of tlYereafter from time ta time by the mortgagee, ~ 10. That the enoi~tgagoi• ~r~ll give immediate notice by mail to the mortgagee oi any conveyance. , ti•ansfer, or change of o~~•nei~ship of the premises. 11. That no waiver of any covenant herein or of the obligation secured hereby shall at at~y time ; thereaiter be held to be a waiver of the terms hereoi or of the note secureci hereby. 12. That if the mortgsg~or detault in any of the covena~nt~ or agreements cantained herein, o~ in ~ , esid note, then the mortgagee may perform the same, an~ all expenditures (including reasonable attor- ~ ney's fees) made by the rnortgagee in so doing shall draw interest at the rate aet forth in the note secund ~ hereby, and shall be repayable immediately at~d without demand by the mortgagor to the mortgagee, ~ together with interest and costa accruing thereon, shall be secured by this mort~age. • 18. '1'hat the maiDing of a written notice or dernanc3 address~ed to the awner of rec:ord oi f,he mortgaged premisea, or direcf,ed to the s~eid owner at the last address actuatty furnished ta the martgagee, or directed ~ to sRid owner st said rreortya~ed premiaes, and mailed by the United 3tatea msils, shall be suf~icient notice aad dem~u~d in ~?ny eA~e arisib~ under this instrurnent xnd required by the ~rovisions heraoi or by law. ~ 14. 7'he mortgag~or covenaats ~nd agrees that eo long as this mortgage ~d the said note secured hereby are insured under the provisiona oi the National Housing Act. he will not execute or iile for reco~ i any instrument which irapases a? restriction upan the sale ar axupancy oi tae rnortgaged property on ~ e bssis of race, color, or crepd. Upon any vialation of thia undertakin~~ the mort ; j gagee may~ at ita optfon~ decLre the unpaid balance o! the debt secured hereby immediately due and p~ysble, , . ~ . ~ ~ ; eoaK - " ~ ° R ~~6 499 ; ~ ~ . ~ -