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rline~. or i~npoaitiona~ ior which provision bai iptp ~en made b~eiabefore, and in default thereof the mort-
~~a~ee m~y pyr tbe sune; snd that he wiU ~ i(~deliver t~,.c~ilcial receiptx theretor to the mortQ~ee.
~ b. That he v?iU perinik canmit~ or auQer no waste, impdnaent~ or tieterioration of aaid property or
an,q part thereot; and in,ihe event oi the failure oi the mo r t+~, keep the buildings on ssid prem~aes
and thoee to be erected an aaid premi~es. or improvemenb~
a. ia ~ood repsir. the mortgagee m~y
mste auch rep~irs a~ ia ib di~cretioQ it may deem neceesary for the prnper preeervation thereof. and the
:iull aenouat oi each and every auch paymeat shall be imiaedis?tely due snd ~y?able. and ahall be aecured
by tt?e lien oi this mort~aQe.
rges
8. That he will pay sll and, sinyular the coste. charges, and expenaes. includin reaaonable Iswyer's
~t~, snd ooata of abstracts of tatle~ tncun~ed or p~id at aQy time by the mortgagee use of the failur~
on the ~?rt oi the mortgaQor pranptly and full~? to perform the agreements and covenanta of said prom• .
issory note aad this mo , and aAid oo~ta. charaes. snd eupenaea ahaU be unmediately due and p~,y-
able and ahall be aecured
b~e lien oi thia mort~ag~e.
T. That he will kee~ the improvements now existin,~ or het~eafter erected on the mortQa~ed property.
insured asm~y be requu~ed fmm time to time by the mo g sga~ nat loss by fire and other hazarda.
casualties. ~tnd contin~encies in auch atnounts and for au~cti
p~eriods ~s may be required by mort
as
snd wiU ps,ypromp
t1y, when due. any premiuma oa such insuraace for ~yment of which provision as
not been made hereinbeiore. All insurance ahall be carried in eompan~es apprnved by raortgagee and
the policiea snd renewals thereof ahall be held by mortgag~ee and hsve attached thereto loaa payable
clsuses in isvor of and in form acceptable tc the mortgagee. In event of losa he will give immediate
notioe by msil tn mortgagee~ and mortga~ee may make proof of losa if not made promptly by mortgagor.
and each inaura~nce oompany concerned ia hereby authorized and directed to make payment for such
loes directly to raort~agee instead of to mortgagor snd mo ~ge ~ointiy, and the insurance proceeds. or
anyp~-.t thereof. ms~y be applied by mortgagee at its option
e~~ither•to the reduction of the indebtedness
hereby eecured or to the restoration or repair oi the prnpertY damaged. In event of foreclosure of this -
mortgsg~e or other transier of title to the mortgaged property in extinguishment of the indebtedness
secured hereby, all right, title. and intere~~of the mortgagor in and to any insurance policiea then in force
shsll pass to the purchaaer or grante~..>•
8. That the mortgagee m~r. at aTMy time pending s.auit upon this mortgage. apply to the court hav-
ing jurisdiction thereof for the appointmtnt of a receiver. and ~uch court shall forthwith appoint a
receiver of the premises covered hereby all and singular, including all and aingular the income. profits. ;
iaauea. and revenues from whatever aource derived, each and every of which. it being expresaly under-
atood, ia hereby mortgagcd aa if apeciflcallY set forth and deacribed in the granting and habendum clauses
hereof. and such receiver shall luve sll the broad and etfective functions and powera in anywise ~
entrusted by a coutt to a receiver. and such appointment shall be made by such court as an admitted ~
equity and a matter of abaolute right to asid 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 ~
defendAnta, snd that such rents, profits, income. issues, and revenues shall be applied by auch rece~ver
accord' to the lien of thie mortgage and the practice of auch oourk In the event of any default on the
part of~e mortgagor hergunder~ the mortgagor agrees to pay to the mortgagee on demand as a reaaon-
able monthly rental for the premisea an amount at leaat equivalent to one-twelfth (31z) of the aggregate
of the twelve monthly instaliments payable in the then current year plua the actual amount of the annual '
taxes assesaments, water ratea. and inaurance premiuma for auch year not covered by the aforesaid
mont~ily psyments.
9. That (a) in the e~~ent of any b~~each of this mortgage oi• defauit on the part of the moi-tgagor, oi• '
(L) in the event that any of said sums of money heirin referred to be not pibmptly and fully paid ~~ith- ~
out demand or notice. oi• (c) in the event that each and eve~y the stipulations. agreements, conditions,
~ and covenants of said note and this moi~tgage, ai'e not duiy, pi~mptly. and f~~llv performed; then in
~ either or au~• such e~ent, the said aggi•egate sum mentioned in stti~l uote.then remaining unpaid. with ;
` interest accrued to that time, and all moneys secured hereby, shal! become due and payable forthw•ith, ~
or thereafter, at the optio~i of said mortgagee. as.fully and completely as if all of tl~e said sums of money '
; ~~•ere orginally stipulated to be paid on such day, anything in said note or in this mortgage to the contrary
; not~rithstanding; and thereupon or thereafter, at the option of said mortgagee, ~•ithout notice or demand.
~ suit at la~~• or in equity. may be prosecuteci as if all moneys secured hereby had matureci prior to ita insti-
f 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 satisfjr and pay the same together H-ith costs, expenses. and alloKances.
In case of partial foi•eclosure of this moi~tgage. the moi~tgaged pi•emises 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- '
isions of this parag?i•aph may again be availecl of tliereaftei• firom time to time by the mortgagee.
~ _ _ gagee of any_ conveyance,
10. That the moi~tgagor ~~•ill give. immesli~~e notice by_ mail to_ the mort
transfer, or change of o~rne~~ship 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 covenanta oragreem enta contained herein, or in ~
sa~d note, then the mortgagee may perform the same. and all expen id'tures (including reasonable attor- r
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 immediately and without demand by the mortgagor to the mortgagee, and,
together with interest and ooata acxxr~uing thereon, shall be secured by this mortgage.
1S. That the mailing of a written notice or demand addressed to t6e owner of t~ecord of the mortgaged
premises, or directed to the said owner at the last address actually furnished to the mortgagee, or directed
to said owner at said mortgaged premises, and mailed by the United States mails, shall be su~i'icient notice
and demand in any case arisiag under this instrumer_t 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 ~Iousing Act, he will not execute or file for record
any instrument which imposes a restriction u~on the sale or occupancy of tne mortgaged 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 ~tnd payable.
a~i52 3~i6
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