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Home My WebLink About0910 l~ ' ~ fines, ar impositions, for K~hich provision has not been made hereinbefore, and in default thereof the mort- gagee may pay the same; and that he will promptly deliver the official receipts therefor to the mortgagee. 5. That he will permit, commit, or suffer no waste, impttirrnent, or deterioration of said propert~• or ~ any part thereof ; and in the event of the failure of the mortgagor to keep the buildings on said prem:ses and those to be erected on said premises. or improvements thereon, in good repair, the martgagee may m~ke such repairs as in its discretion it may deem necessary for the proper preservation thereof, and the full amount of ea~h and e~ery such payment shall t~ immediately due and payable, and shall be secured by the lien of this mortgage, 6. That he will pay all and singular the costs, charges, and expenses, including reasonable la~~•yer's fees, and costs of abstracts of title, incurred or paid at any time by the mortgagee because of the failure on the part of the mortgagor promptly and fully to perform the agreements and co~•enants of said prom- issory note and this mortgage, and said costs, charges, and expenses shall be immediately due ~nd pay- ~ able and shall be secured by the lien of this mortgage. That he will keep the improvements now• existing or heresfter erected on the mortgaged property, insured as may be required from time to time by the mortgagee against loss by fire and other hazards, casualtiea, and contingencies in such amounts and for such periocls as maS~ be required by mortgagee, . and will pay promptly~ when due, any premiums on such insurance for paS•ment of ~~hich pro~•ision has nat been made hereinb~fore. All insurance shall be carried in companies appro~•ed by mortgagee and the policies and renewals thereof shall be held by mortgagee and ha~•e attached thereto loss pa>•able clauses in favor of and in form acceptable to the mortgagee. In event of loss he will gi~~e immediate notice by mail to mortgagee, and rnortgagee may make proof of loss if not made prornptly by mortgagor, and each insurance company concerned is hereby authorized and directe~ to make pa~•ment foi• such loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance Froceeds, or any part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby secured ~r to the restoration or repair of the property damaged. In e~~ent of foreclosure of this mortgage or other transfer of title to thc mortgaged property in extinguishment of the indebtedness secured hereby, all right, title, and interest of the mortgagor in and to any insurance policies then in force shall pass to the purchaser or grantee. 8. That the mortgagee may, at any time pending a suit upon this mortgage, appl~• to the court hav- ing jurisdiction there~f for the appointment of a receiver, and such court shall forthH•ith appoint a receiver of the premises covered hereby all and singular, including all and singular the income, profits, issues, and revenues from whatever source derived, each and every of w•hich, it being expressly under- stood, is hereby mortgagecl as if specifically set forth and described in the granting and habendum clauses hereof, ~nd such receiver shall have all the broad and effective functions an~l po~•ers in an~•w•ise entrusted by a coutt to a receiver, and such appointment shall be made by such court as an admitted _ equity and a matter of absolute right to said mortgagee, and without reference to the adequac~• or inad- equacy of the value of the property mortgaged or to the solvency or insol~•ency of said mortgagor oi• the defendants, and that such rents, profits, income, issues, and revenues shall be applied by such recei~•er according to the lien of this mortgage and the practice of such court. In the event of any default on the part of the mortgagor hereunder, the mortgagor agrees to pay to the mortgagee c~? demand as a reason- able monthly rental for the premises an amount at least equivalent to one-tw•elfth of the aggregate of the twelve monthly installments payable in the then current year plus the actual amount of the annual taxes assessments, water rates, and insurance premiums for such year not co~•ered by the aforesaid mont~ly payments. ~ 9. That (a) in the e~~e~it ~~f an~• urcach of this murtgage o?~ clcfault c,n the part of the mortgagor, or 11~) in the e~-ciit that an~- c>1' said sums uf' mo~ie~• Iler~~in i•eferred to be »ot pr<~mptl~• and full~• paici ~~•ith- ~~ut clf~man~l c,r nutice, c~r (r) in tht~ ~~~-ent that t~ach and e~~ere• the sti1~ulatii~ns, ag~•eements, conc~itions, ~?n~l c„~~~~~iants ~,t saicl nt~tE~ a»cl this mortgxgti~, are ~u~t duly', l~rumptl~~, ~~~~ci 1'ull~- performecl: then in ~~it~lt'1' O1' RIl\' tiilC{1 l'\'l'llt. t~lt' Sil:(j ltj{gl'~'(;litt' SUtTI Tll('lltiOtif(~ 111 SiU(~ IlUtl' t~lC']1 i'~111<llill:ig UI1~11(~, \\'Ittl intere~t accrut~d tc~ th~t timt~, ancl all mo~it')'S St'Clll'l'(~ IlE'1'Eby, Sf1SII i)E'COITIE' due and pa~•able forth~~~ith, c>?~ thereaCte~•, at th~~ t,}~ti!~n uf sai~i mo~•tgag~~e, as ft~ll~- ~inci completcl~~ as ii' xll c~f thE~ saici s~ims of mo?~e~• ~~-~?•e oz•~inall~~ stipulatecl to ~~e paicl oii sueh cia~~, an~•thing i~i saicl ziote oi• in this mortgage to the co»ti•ai•~~ not~~•ithstanciing ; anci th~~rt~u~~u» or thf~reafte~•, at the option of said mortgagee, ~~~itho~rt notice or demand, suit at la~~• at• in ec~uit~•, Ill~l~' liE' j71'OStCUtE(~ aS lf fil~ T]lUlll'1"S SEC111'E'C~ }iCCE'~7J' }la(~ matui•erl pi•ioi• to its insti- tution. Th~~ n?oi•tg~iget ma~• foy•eclose this mot•tgage, as to the amount so declai~ed c~ue and pa~~able, ancl th~~ 5S1(I ])1'E'I111SE~~ shall b~~ solcl to SiitlSfl' ilil(I ~Fl\' t}le Sc`liT1E tOgE'ther ~~~ith costs, exj~enses, and allo«•ances. In c•ase of partia! f~~r~~c•iosurE~ of this mortgage, the mortgagecl premis~~s sl~all be solci subject to the con- ti~~uing lit~n ~~i this tnortgage for tlie am~~tint of the ~l~~bt not tnen due ancl tmpaici. [il such case the pro- ~~isions of this paragraph ma~• again bc~ a~~aile~cl of tlic~yeafter from time tu time b~• the> mortgagee. 14. That the m~»•tgak~,r ~~'ill Ki~~c~ immecliate nutice l~~• mail to th~~ mot•tga~ec: c~f ar~~~ con~~~~~atlce, tr~?nsfer, Ol' C}lilll~,t c,f o~~~nership of the premises. 11. That nu t~~ai~•er vf a~l~~ c~~~•enant tie?•ein o?• of the ~~i~ligation securecl hereb~• shxll at an~~ time ther•eafter ?~e liE~ld to !~c a~~<iit~er uf the terms herec;f or of the note securer~ hereh~•. 12. That if the mortgagor default in any of the covenants or agreements contained herein, or in said note, then the mortgagee may perform the same, and all expenditures (including reasonable attor- ne~~'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 repa~•able immediately and w~ithout demand by the mortgagor to the mortgagee, and, together with interest and costs accruing thereon, shall l~e secured by this mortgage. 13. `1'hat the mailing of a written notice or demand addi•essed to the owner of record of the mortgaged premises, or directed to the said owner at the last address actually furnished to the mortgagee, or directed to said ow•ner at said mortgaged premises, and mailQd by the United States mails, shall be sufficient notice and demand in any case arising under this instrument and required by- the provisions hereof or by law. 14. The mortgagor covenants and agrees that so long as this mortgage and the said note secured hereby are insureci under the pro~•isions of the National }iousing Act, he w•ill not execute or file for record ~ an~• instrument which im~x>ses a restriction upott the sale or uccupancy of tne mortgaged pi•operty on the ; i~asis of race, color, or creed. U~n any violation of this undertaking, the rr?ortgagee yt~ay, at its option, ~ declare the unpaid halan~e of the debt secured herehy immediately due and payable. ` i ~ acoK 128 x 3~~ i ~ ~ -