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S. Tbat he will pecmit, canmit. oc suffec no waste. impairment. o~ deteriaation of said ;~coperty oc a~y pa~t
the~eot; and io the event of the teilure of the mortgagor to keep the buitdings o~ said premises aad those tobe
erected oa said pcemises. oc impcovemeats thereon. in good repair. the modgagee may make such ~epai~s as in its
discretioa it arey deean necessary for the p~oper presecvation thereoi. and the full amount of each and every sucb
payment shall be ~mmediately due aad payable, and shall be secured by the liea of this mortgage.
6. That be wil! pey all and singular the costs. charges. and expenses. includiag reasonable lawyer's fees,
and costs ot abstracts of title. incurred a paia at any time by the moctgagee because of the failure on the pert c~E
the mo~tgago~ promptly and fully to perfam the agreements and covenants of said pcomissory note and this mwt-
gage. end seid costs. charges, and expeases shall be immediately due and payable and shall be secured by the
lie~ af this matgage. .
7. That he will keep the improveme~ts now existing or hereaEter erected on the modgaged propedy, insured as
may be cequired from time to time by the moctgagee aga:nst loss by Eice and othec liazatds. casualti~s; and contin-
gencies in such amounts and for such periods as may be cequiced dy matgagee. and wil! pay pwmptly. when due.
any pcemiums on such insurance for paymtnt of which pcovision has not been made hereinbefae. All insurance
~hall be carried in companies appcoved by mortaagee and the polic~es and re~ewsls thereoE shall be held by mort-
gagee and have attached thereto loss payable clauses ia favo~ of and in form acceptable to the modgagee. In
event of loss he will give immediaie notice by mail to mortgagee. and mortgagee ae~y make proof of loss if na:
made promptly by mortgagor, and each i~surance company co~cemed is hereby autho~ized and directed to make
Qayment for such loss dicectly to mortgagee instead of to mortgaga~ and matgakee jointly. and the insurance pro-
ceeds. or any part thereof. may be applied by mortgagee at its option either to the reduction of the it~deb:edness .
hereby secuced or to the restoration ~ repair of the property damaged. In event of foreclosure of this mo~tgage or
other transfer of title to the modgagzd property in extinguishment of the indebtedness secured hereby. all right.
tiile. and interest oE th~ mortgagor in and to any insurance puticies then in force shall pass to the parchaser oc
grantee.
8. That the mortgagee may, at any time pendi~g a suit upon this mortgage, apply to the court having jurisdic-
tion thereof fac the appointment of a receiver. a~d such court shall forthwith appoint a receiver of the premises
covered hereby all and singular. i~cluding ell and singular the income. profits. is~ues~ and revenues from whatever
source decived. each and every of which, it bei~g expressly understood. is heceby modgaged as if specifically set
Eorth and described in the granting and habendum clauses hereof. and such receiver shall have all the broad and
effective functi~ns and powers in anywise entrusted by a court to a ceceiver, and such appointment shail be made
by such court as an admitted equity and a matter of absolute right to said modgagee, and without reference to the
adequacy or inadequacy of the value of the pcopedy moctgaged or to the salvency or insolvency af said mortga~er
or the defendents. a~ that such rents. proEits. income. issues. and revenues shalt be applied by such receiver
according to the lien of this moctgage and the p~actice of such coud. In the event of any default on the part of the
modgaga hereunder. the c~ortgagor agcees to pay to the mortgagee on demand as a reasonable monthly rental for
the premises an amount at least equivalent to one-twelfth (1/12) oE the aggregate of the twelve monthly install-
ments payable in the then current year plus the actual amount of the annual taxes, assessments, water rates. and
insurance premiums for such year not covered by the aforesaid monthly paymeats. '
9. That (o) in the event of any breach oE this modgage or default on the pad of the mortgagor, or (b) in the
event that any of said sums of money herein referred to be not promptly and fully paid without demand or notice,
or (c) in the event that each and every the stipulations. agreements, conditions, and covenants of said note and
this moctgage, are not duly, p~omptly. and fully performed; then in either or any such event, the said aggregate
sum mantioned in said note then remaining unpaid, with interest accrued to that time, and all moneys secured
hereby. shail become due and payable forthwith, or thereafter. at the option of said mortgagee, as fully and com-
pletely as if all of the said sums of money were originalty stipulated to be paid on such day, anything in said
note or ia this modgage to the contrary notwithstanding; and t6ereupou or thereafter, at the option of said mortga-
~I gee, without notice or demand, suit at law or in equity, may be prosecuted as if all moneys secured hereby had
matuced priot to its institution. The mortgagee may Eoreclose this mortgage. as to the amount so declared due and
payable. and the said pcemises shall be sold to satisfy and pay tt?e same together with costs, expenses,and allow-
ances. In case of partial foreclosure of this mortgage. the mortgaged premises shall be sold subject to the con-
i tinuing lien of this mortgage for the amount of the debt not then due and unpaid. In such case the provisions of
this paragraph maq again be availed of thereafter from time to time by the mortgagee.
I0. That the modgagor will give immediate notice by mail to the mortgagee of any conveyance, trans[er, or
change of awnership of the premises.
11. That no waiver of any covenant herein or of the obligation secuced hereby shall at any time the~eafter be
t?eld to be a•s~aiver of the terms hereof or of the note secured hereby.
12. That if the mort~agor default in any of the covenants a agreemeats contained he~ein, or in said note, then
the mortgagee may pedorm the same. and all expenditures (including reasonable attorney's fees) made by the
mortgagee in so doing shall draw interest at the rate set Eorth irt the note secured hereby, and shall be repayable
immedi~tely and vVithout demand by the mortgagor to the mortgagee, and, toget6er with interest and costs accruing
thereon, shall be secured by this modgage. "
13. that the mailing of a Written notice oc demandaddressed to the owner of recQrd of the moctgaged premises.
or directed to the said owner at the last address actnally furnished to the modgagee, 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 ar:sing under this instrument and required by the provisions hereof or by law.
14. The modgagor 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 Eile for record any instrument
which impases a resUiction upon tt.e sale or occnpancy of the mortgaged propedy 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 immediateIy due and payable. ~
~ 15. 'T~e mortgagor further covenants thai shoald this mor!gage and the note secured hereby not be eligible ~
for inswance under the National Housing Act within thirty ddys from the date hereof (writter? statement
of any officer of the Depactment oE Housing and Urban Development or authorized ~gent of the Secretary of Hous-
ing and UrLan Development dated subsequent to the thilty ddy time From the date of this mortgag~, {
declining to insure said note snd this mortgage, being deem•~d conclusive proof of such ineligibility), the mortga- "
gee or the holder of the note may, at its option, deciare all sums secured hereby immediately due and payable.
The covenants herein coniained shall bind, and the beaefits and advantages shall inure to, the respective
heirs, executors, administrators, successors. and assigns of the parties hereto. Whenever used, the singular num-
ber shall inciude the plural, the plnral the singular, and the use of any gender shall include all genders.
~aox 159 PA~ 3~0
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