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Home My WebLink About0469 ~ .tt aa L./ : ~ '1~ i = : ~ lluea, or impositiona. for which proviaion haa not beea made hereinb~efore~ and in default thereof the mort ~a~ee m~r p~y the aanie; and that he will promptly deiiver the otl~ci~l receipta therefor to the raortgagee. 6. That he will permit. canmit, or suRer no waate, impsirmenk or deterioration of aaid prnperty or sqy p~thereoi; and ia the event ox fhe fsilure oi the mor~tQaQor !o keep the bulldin~a on said premises and t] to be erected oa aaid pren?iaea, or impmvements tfiereon. in Qood rep~ir. the mortgagee may make auch rep~ira as in ita discration it m~y deem neceassry for the pmper preservation thereof. and the tull ~uaouat o! each ~?nd every auch p~yraent shsU be irrwedistety due atnd payable. and ahall be secured by the Uen ai thia mortQa~e, 6. That he will pay sll and singular the costa. charges. and expensas~ inclading reason~ble lav?yer'a i ! and ooats of abatracta of title. incurred or p~id At sny tin~e by the mortgag~e because of the failure oa e part of the mortgagor promptly and fully to perform the sgreements and covenants of said prom- iasory note and thi~ mo . and asid coata~ chat~ea~ and expenaea shall be immediately due and pay ~?ble ~d ahall be aecured b~e liea of this mort~age. That he will keeF the improvements now existing or hereafter erected on the mortga~ed property~ insured asm~y be requued trom time to time by the mortgag~ee s~sinst losa by flre and other hazards~ c~uultiee, and contit?~encies in such anaounts and for such periods sa may be required by mortgagee~ and will payproanptly. when due, sny pt~emiuma on such insursnce for payment of which proviaion haa not been made hereinbefor+e. All inauraace ahall be carried in companies approved by mortgagee and the po2icies and renewals therEOi shall be held by mortgagee and `~ave attached thereto loss payable clauses in favor of and in lorm acceptable to the mortgagee. In event of loss he will give immediate notice by m~ul to mortgagee. and mortga~ee may make proof of loss if not made promptty by mortgagor, s?nd ea~ch inauranoe company concerned is hereby authorized and directed to make payment for such laas directly to mortgag~ee instead of to mortgagor and mortgagee jointly, and the insurance proceecis~ or any thereof~ m~}r be spplied by mortg~ee at ita option either to the reduction of the indebtedness he~secured or to the reatoration or repair of the property damaged. ln -event of foreclosure of thia mortgxg~e or other transfer of title to the mortgaged prnperty in extinguishment of the indebtedness secured hereby, all ri'ght, title, and interest Qf;l~e ato~tt~,agor in and to any insurat?ce policies then in foree shsll pasa to the pnrchaaer ~r grantee. . 8. lfist the mortgagee may, at any time~pending s auit upon thia mortgage, apply to the court hav- ing juriadiction thereof for the appointment of a receiver, and such couM shall foMhwith appoint a receiver of the premisea vovered hereby sll and singular. including all and sin~ular the income, profits, issuea. and r8venuea irom whatever souroe derived ~ch and every oi which. rt being expressly under- stood, is hereby mortgaged as if apecificaUy set fortli and described in the granting and habendum ctauses hereof. and auch receiver shaU have s11 the brosd and et~ective functions and powers in anywise entruated by s court to a reoeiver. and such appointment shall be made by such court aa an admitted equity and a matter of abaolute right to said raortgagee, snd without reference to the adequacy or inad- equacy of the value of the property mort~aged or to the aolyency or insolvency of said mortgagor or the defendants, and that such rents. protita, income, isauea, atnd r8venuea shall be applied by auch receiver aoco~ to the lien of thia mortgxge and the practice of such eourt. In the event of any default on the part of e mortgagor hereunder! the mortgagor agreea to pay to the mortgagee on demand as a reason- able monthly rental for the premuea an amount at least equivalent to one-twetfth (i;,s) of the aggregate of the twelve monthly inataliments payable in the then current year plus the actual amount of the annual tues aasc~esments, water ratea~ snd insurance premiuma for such year not covered by the aforesaid _ ma~tt~ly psymeats. _ 9. That (a) in the e~•ent of any bi~each of this mortgage or default on the part of the moi~tgagor. or (L) ie the event that any of said sums of money hercin i~eferred to be not promptiy and fuliy paid ~4ith- out demand oi• uotice. or (c) in the event that each and evet•y the stipulations. agreements, conditions, and co~enanta of said note and this moi~tgage. ai-e not duly, pi~umptly, and f~~lly perfo?med; then in either or any such e~ent. the said aggregate sum mentioned in said uote then ~^emaining unpaid; ~~ith interest accrued to that time. and alt moneys secured hereby, sha11 become due and payable forthw~ith, or thei•eafter, at the optiou of said mortgagee. as full~• and completely aa if all of the said sums of money irere orginally stipulated to be paid on such day. an~ thing in said note oi• in thia mortgage to the contrary : not~~ ithatanding; and thet~eupon or thereafter. at the option of said mortgagee. ~cithout notice or demand~ i suit at la~~ or in equity, may be pi•osecuteci as if all moneys secured hereby had matured prior to its insti- tution. The mortgagee may foreclase this mortgage, as to the smount ao declared due and payable, and the said pi~emises shall be sold to satisfy and pay the same together H•ith costs. expenses, and allow ances. . In case of partial foreclosure of this moi-tgage, the mo~~tgagecl premises shall be soid subject to the con- tinuing lien of this mortgage fo~• the amount of the ctebt not then due anc~ unpaid. In sueh ease the pro- ~ isions of this pa~•agraph may ag?ain be availed of thereafter fi-om time to time by the mortgagee. !0. That the moi~tgagor 1~•ill give immediate notice by mail to the mortgagee of any con~•eyance, ; transfer, or change of o~~•ne~~ship of the premises. ! 11. That no waiver of any covenant herein or of the obligation secured hereby shall at any timz i thereafter be held to be a waiver of the terms hereof or of the note secured hereby. ` 12. That if the mortgagor default in any of the covenanta oragr eementa contained herein~ or in said note. then the mortgagee may perform the same, and all expenditures (including reasonable attor- ~ ney's fees) made by the mortgagee in so doing ahall draw interest at the rate set forth in the note s¢cured ~ ; hereby, and shall be repayable immediately and without demand by the mortgag~or to the mortgagee, and, ; together with interest and costs aocruing thereon, shall be secured by this mortgage. ~ 13. 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 fvrreished to the mortgagee, or directed to said owner at said mortgaged premises, and mailed by the United States mails, shall be sufficient notice and demand in any case arising under this instrument and required bq the pmvisions hereof or by law. 14. The mortgagor covenants and agreea that so long as this mortgage and the said note secured hereby are insured under the prnvisions of the National Housing Act, he will not execute or fi1e for record any instrument which imposes a restriction upon the sale or occupancy of tne mortgaged property on the ; basia of race. color, or creed. Upon any violation of thia undertaking, the mortgagee may, at ita option, ' declare the unpaid balance of the debt secured hereby immediately due xnd paya ib e. , ~ ~ ~~~K~48 _ 46g ~ ~ - - - _ ~ ~~f ; ~.~:~.~f~~ >k - ~ ~5: