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Home My WebLink About2220 ~ C..~ . , . ~ . : ~ ~ ~ ~ ~ . . Anas, os i~ppoaitions~ for which proviaion has not been made hereinbefore, st?d ja default thereot the morfr ~a~es nu~ p~y the s~me; and that he wiU promptly d~liver the o~cial receiFts tberefor ta the.mort~ee. b. That he aill permit, caamit~ or auKer no w~st~. in~pairmen or deteriontion of uid QropertY a' aqy thereof ; and in the eveat af the isiture of the mort~a~r~ keep the buildi~s o~ ssiu premiass ~?nd ~ae to be erected m uid pren~iaes. or improvan~ts tFiereon. in ~ood repair. the mort~a~ee miU? mahe such repain ~t in ib discretion ~t m~,y deem neceasary for the proper preservation thereoi~ and the full aaaount oi each i?nd everY auch Dy?ment shaU be immedistely due and p~yable, and ahall be secured by the lien o~ thia mort~a~e. ~ 6. That he Mrill psy #U and:dn~ul~r the costa. char~. and expen~es, inclu ressonable Iswyer's iees. snd ooab oi ab~h'acts oi t~tle, incun+ed or paid at any titae by the.mort~ ~~euse~of the failure on the psrt o! the m.ort~gor promptl~ and fu~perform the ~reements uid covenants of said prom- iasor~r note aad this mor . and eaid ooats. and eYpenses shall be immediately due u?d pay. sble ~nd ehsil be aecured by the lien o? this mort~a~e. ~ - Tlut he wiU keep the iniprovemeab now esistit~ or hereaiter erected on the morlt~ed PropertY~ insured asm~r be r~quii~ed irom time to time by the mo~a~a~a~ nat loss by fire a~nd other hasarda. caswlties. ~wd cont~n~encies in such amounts and for anch pen'ods as msY be re9uired br mort~ ~ wiii p~y.prqmptiy, when aue~ ~?y premiwna on auch inaurance for psyment of which provision ~a not been m~de hereinbefore. All insurance shsll be c~rried in oo~nnpanies approved by mort~agee and the policies snd renewaL thereoi a!u?Il be held by mortga~ce and hsve sttached thereto loes piyable clauses ia favor oi snd in form acceptable to the mort~ee. In event oi loas he will give immediate notioe by mail t~ mortgaaee. and mortga~ee may mske proof of loss ii not made promptly by mortgagor. and each insnrsnce cotnpuiy conoeraed is hereby authorized and directed to make payment tor such loss directly to morltga~ee instead of to mortgagor and mortgaQee jointly, and the insurance proceeds. or aqy thereof. msy be spplied by mortsaQee st its option either to the reduction of the indebtedn~s h~secured or to the restoration or reps~f oi the roperty damaged. In event of foreclo~ure of this mort~sg~e or other tr~naier oi title to the mortg~ propert,Y in extinguishment of the indebtedneas eecured hereby. all ri i~tereat of the mort~agor in and to any insunu~ce policiea then in force ahall pasa tfl tbe p or grantse. 8. Thst the mortgsgee m~y?, at any tim8 pending a.auit upon this mortgage. apply to the court hav- iWt ~arisdiction thereof for the sppoin~t oi s~ reoeiver~ and such court shAll forthwith appoint a recpaver oi the premis~ covered hereby all and sir~nlar. inclndin~ all and.aingvlar, the income. prnfits. iaaues, aad rEVen~es from ~vhstever sottr:e det~ived~ e~ch snd every of whuh, it being expressly under- stood, is hereby mort~ag~ed as if specilie~lly set forth and dr~acribed in the tlnQ and habend~un clausea hereof. and auch reoeiver shsU hsve ail the broad and eRective func~on~s and powera in anywise entruated by a court to a receiver. snd auch appointraent ahall be made by such court aa an admitted equitq and s matter of abaolute right to aaid mort~a~ee. and without referenoe to the adequacy or inad- eqw~y of the vslue oi the:property mor~aged or to the solvency or insolvency of aaid rr~ortgag~or or the cl~fend~nta, snd that auc6 reats, prolita, incoa?e. iasues, ~tnd revenues ahall be applied by such receiver aooo~~~ to the lien of thia mort~aQe and tha practice of su5h ooprk In the.event of sny def~ult on ti~ psrt of tbe mort,~a~or hereunder the mortgagora~reea to psy fo fhe mo~~~ on demand as a reaaon- sble monthly rental for the remtisc~a8, an amonnt at least equivalent to one-ta?elftli (S~=) of the a~gregate s oi the twelve monthly instal ents ps~yable in the then current year plua the actual amount of the annual taxes aas~ssments. water rates, snd inwranoe premiums for auch year not eovered by the aforeaaid mo~t~ly p~yments. 9. That (a) in the e~ent of any bi~each of thia mortgag~e or default on the part ~f the mort r. or : ( L) in the event that any of said sums of money hei~ein referred to be not pi omptly at~d fully pai ~~ith- out demand or notice. or (c) in the event that each and every the atipulations. a~~eements. eonditions, i and covenanta of said note and this moi~tgage, ai~e not duiy, pr+~mptly, and fully perfomted; then.in ~ either oi• any sucli e~ent, the said aggregate sum mentioned in saicl note then ~~maining unpaid, ~vith interest accrued to that time. and all moneys aecured hereby, ahall become due and payable forthwith. ~ or thei~eafter. at the option of said moi-tgagee. a8 full~• and oompletely as if all of the aaid sum~pf money ~~•ere o~ginally stipulated to Ue paid on such day. anything in said nofe or in thia moi~tgage to ttie~contrary notn ithstanding; and thei~eupon or thereafter~ at the option of said raortgagee, W~ithout notice or demand, suit at la~~ or in equity, msy be piroaecuteci as if all moneya secured hereby had matured prior to its~fnsti- tution. The mortgag~ee may foreclose thia mortga~e, Aa to the anaunt so declared due and payable. and the asid pi~emises ahall be sold to eatisfy and •pay the same together x ith cost~,~e~penses. and allowancea. In case of part~al foreclosure of this mot~tgage, the mo~~tgaged premisea ahall be aold subject to the con- tinuing lien of Yhis mortgage fo~• the amount of the debt not then due and unpaid. In such case the pro- ~ isions of this paiiagraph may again be availed of thereafter from time to time by the mortgagee. 10. That the moi~tgagoi• «ill give immediate notice by mail to the mortgagee of any conveyance. lransfee•. or change of o~~•nei~ahip of the premises. ~ lY. That no waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the note secured • hereby. 12 Tfiat if the mortSsg~or detawlt in any of tlie c~venanta ot'agreem enta oontained herein, or in aaid note, then the mart8'~ee ma3? Pexform tt?e same, and all euper?diturea (including reaaonsble attor- ney's fees) made by the arort~ee in so doing ahall draw intereat at the rate ~et fortk in the note secnred hereby, and sh>tll be repaysble immedistely snd witbout dem~d fiy thevw~g~or to the mo~g~ee, snd, togeiher ~vith interest u?d eosts aocraing thereon, shall be secured by.t~is m~rt~e.. 18. That t~e mailing of s? written notice or demand addreased to the owner of rxord of the mortg~ed ~ pr~mises, or directed~to the said owner at the laast address actuaUy furniahed to the mortgagee or directed ~ to said owner at said mortgaged premisea, and mailed by the United Statea mails. ahaU be auf~cient notioe snd de~nand in aay caae uisin~ nnder this instrument and required by the prnviafons her~eoi ar by hw. 14. The mortgagor covenanta and agmees that so bag as thia morltgsge and the said note aecured hereby sre insured under the provisjons of the Nstional Houain~ Act, he a!il~ not execute or !ik for record any ~natrument which imposes s reat'riction upon the sale or oocupancy of tne mortgaged property on the basia o! race. color, or ereed. Upon ~t?y violation o! this undertakina. the mo~ maY. at rts option, declare the unpsid balance o! the debt aecured hereby immediatel~ due aad pay _ ~148 . ~ ,418 . ~ : ; . . ~ s.~... ~ _ t:, - -