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flnes. or impositions. for which proviaion has n0t made l~er
~abefore, and in deiault thereof the mort
Qag~ee mey p~y the aune; aad that he will pro~ayt~~eliver t!v ~eial receipta therefor to the mortgagee.
b. That he will permit. commit, or auQer no waate. impairmen~, or deterioration of aaid property, or
snyp~ thereoi; aad in the event oi the failure oi the mo r to keep the buildinga on aaid premisea
and h{ ose to be erected on aaid preraises. or improvementa~
n. in good repnir~ the mortgagee irfay
make such rep~ira as iu ita discretion it may deem neceaaary fo~ the proper preaervation thereof. and the
fuU amount of eACh ~nd every auch payment shall bp immediately due and payable. and shall be secured
by the lien oi this mortQage.
6. That he will pay all and. aingular the coeta. charg~. and expensea. including reasonable IaK yer'a
fees, snd oosts of abatracta of t~tle. incurnd or psid at aqy time by the mortgagee because of the failure
on the p~rt of the mortgagor promptly and fu~y to perform the agreementa and covenants of said prom-
isaory note ~wd thia mor~k~a~e. and ssid ooots. ch~?rges~ u?d expensea ahall be immediately due and pay
able and shs~U be secured by the lien of this mortga~e.
Tlut he wiU keeF the improvementa now exiating or heresfter erected on the mortgaged property.
in8ut~ed as~r be r~ecluired froin time to time by the mo aga~nst losa by fire and other hazards.
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casualtie~. and contingenciea in auch amounta and for suc perioda as may be required by mortgagee.
snd will ps~yprom
ptly. when due, any premiums on such inaarsnce for ~ayment of vvhich pro~ ision haa
not been msde hereinbefore. All inaurance ahall be carried in companies approved by mortgagee and
the policiea and renewala thereof shall be held by mortgagee and have attached thereto loss pa~ able
clausea in favor of and in form acceptable to the mortgagee. In event of loss he will give immediate
notioe by mail to mortgagee, and mortga~ee may make proof of loss if not made promptly by mortgagor,
and each inaurance company concerned is hereby authorized and directed to make payment for such
loes directly to mortgagee instead of to mortgagor and mortgag¢e jointly. and the insurance proceeds. or
sny p~rt thereof, may be applied by mortgag~ee at its option either to the reduction of the indebtedness
hereby secured or to the restoration or repair of the property damaged. In event of foreclosure of this
mortga~e or other trsnafer of title t{~ ~}e, mortgaged pmperty in extinguishment of the indebtedness
aecured hereby, all righ~, title. and in~er~ ~thg piortgagor in and to any insurance policies then in force
ahaU pasa to the purchsaer or grantee.
8. That the mortgagee may. at any time pending a auit upon this mortgage, apply to the court hav-
ing jurisdictiori thereof for the appointment of s receiver. and such court ahall forthwith appoint a
receiver o~ th~ premises covered hereby all and singular, including all and singular the income. profits.
iasues, eulc~; revenuea frnm whatever aource derived~ each and every of which, it being expressly under-
stood. is lierebq mortgaged sa if specifically set forth and de~cribed in the granting and habendum clauses _
hereof. and auch receiver shall have all the broad and effective functions and powers in anyv?ise
entrusted by a court to a receiver. and auch appointment ahall 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 pmperty mortgaged or to the solvency or insolvency of said mortgagor or the
defendsnta. and that such rents, pmfits, income, issuea, and revenues shall be applied by such receiver
aooording to the liett of this mortgage and the practice of such courk In the ~vent of any default on the
part of the mortgagor hereunder. the mortgagor agreea to pay to the mortgagee on demand as a reason-
able monthly rental for the pretnises an amount at least equivalent to one-twelfth (~1z) of the aggregate
oi the twelve monthly installments payable in the then current year plus the actual amount of the annual
tazea asneasments, water ratea~ and inaurance premiuma for such year not covererl by the aforesaid
mont~ilY PaYn?ents.
9. That (a) in the e~•ent of any b~~each of this moi~tgage or default on tlie part of the mortgagor, oi•~
( b) in the e~ ent that any of said sums of mone~ herein referred to' be not promptly and fully paid ~~ith-
out demand oi• notice, or (c) in the event that each and every the stipulations, agreements, conditions,
; and co~enants of said note and this mortgage. are not duly, p~~umptly. and fall~ performed; then in
; eithei• or ai?~ such r~•ent, the said aggregate sum mentioned in said note then r~~maining unpaid~ ~~•ith
~ interest accrued to that time. and all mone~•s secured hereby, shall become due and payable forth~i ith,
o?• thereafter. at the optiou uf said mortgagee, as full~• and completely as if all of the said sums of mone~•
~ e~-e oi•ginaU~ stipulated to be paid on such day, anything in said ~?ote or in this mortgage to the contrary
not~~ ithstanding; and thereupon or they~eafter, at the option of said mortgagee. «•ithout notice or demand,
suit at la~~ oi• in equity. may be pi•osecuteci as if all moneys secui•eci hereby had matureci prior to its insti-
tution. The mortgagee may foreclose this mortgage, as to the amount so declared due and payable, and
the said premises shall be sold to satisfy and pay the sam~together ith costs~ expenses. and a11oH•ances.
In case of partial foreclosui•e of this moi•tgage, the mo~~tgaged premises shall be sold subject to the con-
tinuing lien of this mortgage for the amount of the debt not.then due and unpaid. In such case the pro-
risions of this pai•agraph may again be availed of tl~ereafter fibm time to time b~~ the mortgagee.
10. That the mortgagor ~~•ill give immediate notice b~• mail to the mortgagee of any eonveyance,
t~•ansfei•. or change of o~~•neiship of the premises.
11. That no waiver of any covenant hei~ein 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. That if the mortgagor default in any of the covenants or agreementa 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 shall draw interest at the rate set forth in the note secured
hereby, and shall be repayable unmediately and without demand by the mortgagor to the mortgagee, and,
together with interest and costs accruing thereon, shall be secured by this mortgage.
13. That the mailing of a written notice or demand addressed to the owner of recorsi of the mortgaged
~ premises, or directed to the said owner at the ls~st address actually furnished 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 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 will not execute or file for record
any instrument which imposes a restriction upon the sale or cecupancy of tne mortga,ged property on the
basis of race, color, or creed. Upon any violation of this undertaking, the mortgagee may, at its option,
declare the unpaid balance of the debt secured hereby immediately due xnd payable.
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