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flnes, or inapositions. for which prnvision has not been made hereinbefore. snd in default thereof the mort-
~a~+ee m~y pay the aame; and that ha witl promptly deliver the ot~cial receipts therefor to the mortgagee.
6. That he wiU permik commit, or suRer no waste. imp~irment, or deterloration of aaid property or
any p~rt thereof; and in the event oi the iailure oi the mort~or to keep the buildings on aaid premisea
s~ad ~hose to be erected on aaid premiaes, or unprovementa tF~areon. in ~ood repair~ the mortgagee may
make auch reps~irs as in ite diacretion it tnay deem neoeaaary for the pmper pr~ervation thereof. and the
fuU sunount of each and every such psyment ahall be immediately due and payable, and ahal! be secured
by the lien of thia mortga~e.
6. That he will pay all and singuiar the costs. charges. and expenses. inclading reasonable lawyer'a
!e~, and c,oata oi abatracta of title~ incurred or psid at sny time by the mortgagee because of the failure
on the part of the mortgagor promptly and fully to periorna the agreementa and covenanta of said prom-
iaaory note and thia mort~
e. and aaid casts, chsr~es~ and expenses aha11 be immediatety due and p$y-
able snd ahall be secured by the lien of this mortQage.
7. That he will keep the impmvements now exiating or hereafter erected on the mortgaged property~
inaured asm~? be required irom time to time by the mo sgsir,at lo3a by fire and other hazards.
casualtiea, aad contingencies ia auch amounta ~d for suc~i
p~ierioda as may be required by mortgagee.
and will pqy promptly, when due any premiums on such insurance for ~yment of which provision has
not been made hereinbefore. Al~ insurance ahsil be.carried in companies approved by mortgagee and
the policiea and renewals thereoi shall be held by mortgagee and have attached theteto loas pa~ able
clauaes in favor of and in form acceptable to the mortgagee, In event of loss he will give immeciiate
notice by mail to mortgagee, and mortga~ee may make proof of loss if not made promptly by mortgagor.
and each insurance compaay concerned is hereby authorized and directed to make payment for such
loaa directly to mortgagee instead of to mortgagor and mort jointly, and the insurance proceeds, or
sny thereof~ maq be applied by mortgagee at ita option ei~r to the reduction of the indebtedness
he~aecured or to the reatoration or repair oi the property damaged. In event of foreclosure of this
mortgag~e or other transfer of title to the mortgaged prnperty in extinguishment of the indebtedness
secured hereby, all ri~h~, titl~, ~nd~i~?terest of the mortgagor ~n and to any insurance policies then in force
slu~ll paas to the purchaaer otr tr`antee~
8. That the mortgag~ee may, at any time pending a auit upon thia mortgage. apply to the court hav
ing juriadiction thereof for the appointment of a receiver, and auch court shall forthwith appoint a
receiver of the premisea covered hereby sll and aingnlar. including all and singular the income. profits,
i8aues. and revenuea from whatever aource derived, each and every of which. it being expresaly under-
stood. ia hereby mortgaged aa if speciftcally set forth and deacribed in the granting and habendum clauses
hereo~, and auch receiver shall have atl the broad and effective functions and powera in anywise
entruated by a court to a receiver, ~tnd such appointment aha11 be made by such court as an admitted
equity and a matter of absolute right to aaid mortgagee. and without reference to the adequacy or inad-
equacy of the value of the property mortgaged or to the solvency or insolvency of said mortgagor or the
defendants. and that such renta, proftts. income. iasuea, and revenues shal! be applied by such receiver
aoeording to the lien of this mortgage and the practice of auch courk In the event of any default on the
p~rt of the mortgagor hereunder. the mortgagor agreea to pay to the mortgagee on demand as a reason-
able montlily rental for the premisea an amount at least equivalent to one-twelfth (j;1z) of the aggregate
of the twelve monthly instaliments payable in the then current year plus the actual amount of the annusl
taxes asaesaments. water rates, and insurance premiuma for such year not covered by the aforesaid
mont~ily payments.
9. That (a) in the e~ent of any breach of this mortgagc or default on tlie part of the mortgagoi•. or
( L) in the event that an~ of said sums of money herein i~eferred to be not promptly and fully paid ~4ith-
out demand or notice. or (c) in the event that each and eveiy the stipulations, age~eements. conditions,
and co~•enants of sxid note and this mo~~tgage, are not duly, pi~mptly, and it~ll~• performed; then in
either oi• any such e~•ent. the said aggregate sum meiitioned in said notc then rrmaining unpaid, ith
interest accrued to that time~ and all moneys secured hereby. shall become due and payable forthK•ith~
or thereafter. at the optiai of said mortgagee~ as fully and completely as if all of the said sums of money
~~•ei~e o~•ginaliy stipulated to be paid on such day, anything in said note or in this mortgage to the contrary
not~~ ithstanding; and thereupon or the~•eafter, at the option of said mortgagee, ~~•ithout notice oi• demand,
suit at la~~ or in equity, may be prosecutecl as if ali moneys secured hereby had matured pi•ior to its insti-
tution. The mortgagee may foreclose this mo~~tgage. as to the amount so declared due and payable, and
the said premises shall be sold to satisfy and pay the same together ~~•ith costs, expenses. and al1oW ances.
In cage of pai-tial foreclosui~e of this moitgage, the mortgaged premises shall be sold subject to the con-
tinuing lien of this mot~tgage for the amount of the ctebt not then due and unpaid. In such case the pro-
~ isions of this pat•agraph may again be availecl of tliereafter from time to time b~~ the mortgagee.
10. That the moi•tgagoi• u•iil give immediate notice by mail to the mortgagee of any conreyance.
iransfe~•, or change of o~~•nei~ship of the premises.
21. That no waiver of any covenant hei•ein or of the obligation secured hereby shall at any time
thereafter be held to t~e a waiver of the terms hereof or of the note secured hereby.
12. That if the mortgagror default in any of the covenanta or agreements contained herein, or in
said note, then the mortgagee may perform the same. and a11 expenditures (including reasonable attor-
ney's feea) 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 mortgagor to the mortgagee, and,
together with interest and costs accrtiing thereon, shall be secured by this mortgage.
1S. That the mailing of a written notice or demand addressed to the owner of record of the mortgaged
premises, or directed to the said owner at the last address actuatly furnished to the mortgagee, or directed
to said owner at said mortgaged premises, and mailed by the United States mails, shall be sufficient notioe
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 insured under the provisions of the National Housing Act. he w ill not execute or fiie for record
any instrument which imposea a restriction upon the sale or occupancy of tne mortgaged property on the
basis of race, color, or creeii. Upon any violation oi this undertaking. the mortgagee may, at its option.
declare the unpaid balance of the debt secured hereby immediately due :?nd payable.
6ooK 148 335
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