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Home My WebLink About0109 . ~ ~ i ~ 1 i !lnes, ar impo~itions, for which provision ~p~ien made~i~~abefora. snd in default thereo! the mort- ss,~ee m~r p~ fi~ie same; and that he wiU prom ~~y deliveu the otAcisl reoeip4 therefor to the mortgxx~ee. 6. Thst he wiU permit, oanrait, or auRer no ~vaste, ie~apurment~ or deterioration oi said prnperty or aqy part thereoi; and in the event oi the ~ailure of the mort,~s~or to keep the buildings on said prem~ snd tbose to bs erecLed oa asid premis~. or improvements thereou, in ~ood repair~ the mortgagee may mak~~ auch repsira as in its discretion it may deem neoess~ry for the proper preeervation thereof. and the iull ~unouat oi each snd every such p~yment shaU be immedi'~tel,y due and p~yable~ and ahall be aecured by the lien ai thia mart~~ 6. Tfiat he will pay all and ainqubr the costa. clu?rg~, aad expenaea. including reasonable lawyer'a iees, sad oats oi abstracta of titk, iacurred or paid at any time by the mortgage~ becAUae of th~ failure on the patt oi the mortga~or protaptly and fu ~rto perfora? the a~reements and covenants of aaid pr~m- • iasory note and this tao and asid coata,uhar~es. snd expense~ ahall be immediately due and pay ~ble and a1uU be secured b~ lien o! this mort~e. That he vrill kee~ the improvements now exiatiug or hercafter er~cted on the mort,~aged property. inaured asm~? be requued from time to time by the mortgag~ee agsinst loaa by flre and other hazards. caswlt~e~, snd contin~et~cies in auch amounts and for such periods aa may be required by mortgage~ ' and vvill payp ptly. when du~e~ any pt+emiums on auch inaursnce for ~ayment of a hich provision haa na! be~n msde~hereinbetore. AU insurance shall be carried in oomp~niea approved by mortgagee and = the policies and renew~ia thereof ahall be held by mortgagee and have attached thereto loas payable clauses in fsvor of and in form acxeptable to the raortgagee, In event of loss he will give immediate notioe by nuil to mort,~agee, and mortga~ee may mske proof of laaa if not made promptly by mortgagor. snd each ineuranoe oompany concerned ~s hereby authorized and directed to make payment for auch losa directly to mo instead of to mortgagor and mort~ jointly. and the inaurance proceeda. or ~ ~ psrt thereof~ m~applied by mortgagee at its option ei er to the reduction of the indebtednesa ereby secured or to the restoration or repair of the prnperty damaged. In event of foreclosure of thia mortga~e br other transfer of title to the mortgaged pmperty in extinguishment of the indebtedness secw~ed hereby. all ri~t?t, title, and intereat of the mortgagor in and to aqy insurance policiea then in force shall pass to the purc.tuser or Qrant~.'~*~t~l~ 1' ; - fi. That the mortgagee map, at u~y tirAe pending a anit upon this mortgage. apply to the court hav- ing ~urisdiction thereof for the appointment of a receiver, and such court ahall forthwith appoint a rec~aver of the pr~miaes covered hereby all and a~ng ular. including all and singolar the income. profita, iaaues. and revenuea fran whstever souroe derived~ esch and every of which. it being expreaaly under- 6ereof~and~auch ~'ver ahsll ha~ve~sll~the broad and ef[ective iunct~aons ~andnd habendum clauses . powera in anywiae entrusted by a court to a receiver. and auch-appointraent shall be made by such court aa an admitted equity and a matter of absolute right to aaid mortgagee, und without reference to the adequacy or inad- equacy o! the value of the property mort~aged or to the solvency or insolvency of said mortgagor or the defendants, snd that such rents. profits, income, isaues, snd revenuea shall be applied by such receiver aooo~to the lien of this mortgage and the practice oi anch courk In the event of any default on the part of e mortgagor henwnder, the mortgagor agrees to pay to the mortgagee on demand aa s reason- able monthly reatal for the pr~nisea an araount at least equivalent to one-twelfth (3i:) of the aggregate oi t6e twelve monthly instaliments payable in the then current year pins the actual amount of the annual tua, aeaessmenta, water rates. and insurance premiums for auch year not covered by the aforeaaid monthly psymenta. 9. That (a) in the e~•ent of any b~~each of this mortgage or default on tlie part of the moi~tgagor, or (L) in the event that any of said sums of money hei~cin referred to be not pibmptly and fully paid «:ith- out demand or notice, or (c) in the event that each and every the stipulations, agreements, conditions, and covenants of said note and this moi~tgage. si~e not duly, pi~mptly. and fully perfoimed; then in either or any such e~ent. the said aggregate sum mentioned in said note then remaining unpaid. with interest accrued to that time. and ail moneys secured hereby, shall become due and payable forthwith. or thei•eafter, at the option of said moi~tgagee. as full~ and completely as if all of the said sums of money ~~•ere orginally stipulated to be paid on such day; a8ything in said note or in this mortgage to the contrary ` not~rithstanding; and thereupon or thereafte~•, at the option of.said mortgagee. ~ ithout notice or demand, ~ suit ~t la~~ or in equity, may be prosecut,eci as if all moneys secured hereby had matund prior to its insti- tution. The mortgagee ma~y foreclase this mortgage, as to the amount so declared due andpay able, and ; the said pi•emises shall be sold to satisfy and Qay the same together «ith costs, expenses, and allowances. j ; In caae of partial foreclosure of this moi~tgage, the moi-tgageci premises shaU be sotd subject to the con- i j tinuing lien of this mortgage foi• the amount of the debt not then due and unpaid. In such case the pra I ~isiona of this pAi•agraph may again be availeci of thereafter ftrom time to time by the mortgagee. ~ ~ 10. That the moi~tgagor «•ill give immediate notice by mail to the mortgagee of any conveyance, ~ ~ transfer, or change of o~rnei~ahip of the premises. ~ f 11. That no waiver of any covenant he~~ein or of the pbligation 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 oovenanta or enta contained herein. or in ~ said note, then the martgag?ee may perform the same, and all expe~ (including reasonable attor- ~ ney's iees) made by the mortgagee in so doing shall draw interest at the rate set forEh in the note secured ~ hereby. and shall be repayable immediately and without demand by the mortgagor to the mortgagee, and, together with intereat and coats aocruing thereon, shall be aecured by thia mortgage. ~ 13. That the mailing of a writtea notice or demand addressed to the owner of record of the mortgaged E premisea, or directed to the said owner at the last address actually furnished to the mortgagee. or directed ; to said owiier at said mortgaged premises, and mailed by the United States mails, shall be aufficient notice ; and demand in any csse arising under this instrument and required by the provisions hereof or by law. _ ' 14. The mortgag~or oovenanta and agreea that ao 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 inatrument which impo~s a restrictiob upon the sale or occupancy of tne mortgaged property on the ~ baaia of rac~e. color, or creed. Upon any violation of thia undertaking, the mortgagee ma~r~ at its option, ~ declare the unpaid balance of the debt secured hereby immediately due and payable. ! ~ ~ ~ . ~ r ~ , ~ a~153 109 . ~ ~ ~ - i { ~ - - > - - _ _ _ _ - - ~ ,r ~ ~ .:r ~s ~ ! - - H~ ,,:--s . r k: