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Home My WebLink About0963 :t-~:7 '1tit.-" + ' d ' . S, TI?~t he will permit, canmlt. a suffer no w~ste. i~op~icaoeat. o~ deterloratioa of s~ld pwpeKy or aay part thereof; aad in the event of ths tall~ue af the wort~agor to keep the bulldle~s oa sald pcemisas aad those tobe erected oa said premises. o~ impcovemeats tMceon. iA tood repafr, tl~e mat~~ee may awke such cep~irs as ta ib dlscrotion it any deem ~ecessay fa tbe pcoper preservatloa tbeceof. ond tLe full ~mouut of each aad every snch poyment s1w11 be i~enediately dae and p~y~ble. aad shall be secured by~th~ Ii~aA d thL mort~,age. 6. That be wilt poy all oad siagulor the casts. chu~es, aad expeaaes; includfag ce~soapble 4wyer's fees. and ccsts of abstracts of title, Incurred or p~id ~t aay time by the moet~a`ee because of the f~Ilure oa tbe part of . the mortgaga promptiy and fuUy to perEo~m the o~eaa~enta aad cova~wAts oE sald pcaaissay aote and this mat- gage. and sald costs. c}wrges, and expeases slwll be immedtately d,sr aed poyoble aad shall be sacured by the lien af this matgage. - - 7: That he will keep tbe i~provemeats now existtng a bereaftec ecected on t6e matg~aged propeety. iasnred ~s may be cequlred froa Uene to tloe by the matgagee agalnst loss hy Eire ~ad other 6aserds, caswltiss~ aad coatia- gencies ia such aawunts and fa such pedods as may be cequired by matgatee. ond wiU pay promptly, whea dae, aay premiums oa such insucaace for peymeat of which pcoviaion has aat beea made 6eceiabefae. All iasuraace shall be carried ie compaaies appcoved by matR,agee aad the policies aad reaewals tbereof sball be held by mort- gagee aad have attocbed thereto loss payable clauses id f~va of aad ia fam acceptable to the mortg,~gee. Ia eveat af loss he will glve immediate aotice by mail to matgpgee. aad moetgagee may maioe pcoaf of loss If aot made proa?ptly by matgaga. aad each insuraace coa~paay coacerned is hereby autbocued and dlrected to make payment Ea such loss directly to mortgagee iastead of to moctgagoc and matg~gee jotatly. and the iasurance pro- ceeds, or any, p~ut thereof, moy be opplied by aiatgagee ot its optiaa eithec to tbe redwction of the in~ebtedness hereby secuzed or to the restaatioa a cepair af the p~operty demaged. Ia eveat af faeclosure of this mortgage a other transfe~ of title to the matgaged propeety ia extiaguishmeat of the Iadebtedaess secured hereby, all right, tltle. aad interest of the matgragar ia ad to aay inaiuance policies tl~ea ia focce shall ~poss to the purcbaser a gtantee. 8.. Thst tbe matgagee m4y. at aay time pendiag a auit npo~ this moctpge, apply to the conrt baving j~uisdic- tion theteaf fa the appoiatment of o receiver, snd such caut shaU forthwith appoiat a nceivtr of t6e premises covered hereby aU and ~iagnLr. inclndiag ~U and singular t6e iacome. profits, isaues. aad raveaues fran whatevec source derived, each and every of which. it being exp~essly understoad, is hereby moctgpged as if specifkaUy set Eorth and described in the gFsating aad habeodum cl~uses hereof. end snch r~ceiver sb411 h~ve all tbe broad aad effective functioas aad povvers ia aaywise entr~sted by a co~ut to a receiver. and snch appointment shell be made by such caut as an admitted equity and a matter of absolute right to said moctBagee. and without ceferenc~ to the adequacy or iaadequacy of the value of tbe propeety matgaged or to tbe solveacy a insolveacy of said mort~aga or the defendents, and that snch rents. pcofits. iacome. issues. and revenues shall be apPlied by suc6 receiver eccadiag to the lieo of Wis matgage aad the practice of such cou~t. Ia tbe eveat of aay default oa the pod of the mortgagor hereunder. the matgaga agcees to pey to We mortg~agee on dem4nd as a re~saoable monthly reMal for the pcemises an amount at least eq~ivalent to oae-twelfth (1/12) of the aggreg~ate of tbe twelve monthlyiastall- ments peyable in the then cnrcent y~ear plus the actual amouat of the annuol t~es, assessments, water rates, and insnrance premiums fa such year not covered by t6e afocesaid moothly p4yments. 9. That (o) in the eveat of eay bceach of tLis mottgage or defanlt on tbe pad of the mortg~aga. or (6) in tbe eveat that any of seid sums cf moaey herein refemd to be not promptly and Enlly paid without de~and or notice, or ia the event that each aad every ~the stipulations, agceements, coaditioos, aad coveasats of said note and this moctgage, are nd duly, pcomptly. aad fully performed; Wen in either oc aay sncb eveat. the said a~egate ! sum meationed in said note then remeiaing ~wpeid. ~vith interest accrued to tbat time, and aU moceys secnred hereby, shell become due aud peyable fathwith, a tbereaRer, at tl~e option of said mectg,agee, as tully and com- pletely as if all af the said snms of moaey ~ere origiaally stipulated to be peid oa snch day, anything ia said note oc in this mortgage to the coatra~y_ not~vit6standing; aad tbeceupoa oc tUereafter, at the optioa aE said mortga- gee. aithout notice or demaad, suit at law or in equity. mny be prosecuted as If all nwneys secuced herebq had matured pcia~ to its iastitution. The matgragee may foceclose this martg,~ge, as to tbe anwunt so declared due and payable, and the said premises shall be sold to satisfy and poy the same together with costs, e:peases,and allow- ances. Ia case of pertial faeclosure of this matg,age, the matgaged pcemises s6a11 be sold subject to tbe con- ~ w tinuing liea of this mortgege fa the amonnt af tbe debt aot then dne aad ~wpatd. In such case tlu pcoviaions of this paragraph may sgain ue availed of thereafter from time to time by the mat~agee. ~ 10. That the mortg,egor will give immediate notice by mail to the mortg,ogee of any ceaveyance. transfer, a change of ownership af the premises. ~ 11. That ao waiver of any covea$nt herein or of tbe obligatioa secured 6ereby shall at any time thereafter be held to be a waiver of the terms hereaf or of the aote secured bereby. 12. T6et if the mortgaga default in any af the covenants ar agreemeats coatained herein, a i~ s~id aote, then the mortgagee may perEorm the samg, aad all expenditures (iaclnding reasoaable attbcaey's fees) made by the ~ mortgagee in so doing shall draw interest at the rate set fath xn the note secured hereby, and sball be cepeyable immediately ead without de,tnand by the matgaga to tbe_ matgagee, and. toget6er with interest aod costs accruiag thereoa, shall be secured by this moctgage. . 13. thet the meiling of s written aotice or demandaddressed to the owner of recocd of the mo~ttgaged premiaes, oc di~cted to the said o~vner at tLe last address actually fncnished to the matgpgee, or dicected to said awner at seid mortg~aged pnmisesl ~and mailed by t6e Uaited Stetes mails. shall be saEflcieat ~otice ond demand in any case arising uader thie,it~strument and reqnited by the provisioas hereaf oc by law. 14. T6e moctg,agor covenaats ~nd ag~rces tLat so loag as this matgsge and the said note secnred bereby an insured nnder t6e provisioos of the Natioael Housiag Act, he will aot ezecute or file foc record aay iastrumeat which imposes a restristion npon the sale a oceupaac~ of _tbe mort~sged pcopedy on th~ basis ~of race, color, oc ~ cceed. Upon any viola~ion of this undertaking, the moctgagee may, at its optioa, declare the nnpaid balance of the - debt secared lia~eby immediateiy due and peyable. 15. The moztgagor further coveaaats that should ~i~r~y~ge and t6e note secnred heceby aot be elig~ble for iasuranoe under the Natiaaal Houslag Act within - 9 from tl~e date heceaf (writtea statemeat of any o~icec af the Department of Housing and Urban Developmeat or anthaized ageat af the Seccetary of Hons- iag and Urban Development dated subsequeat to the~i~?.~ time from tbe date af thts matgage, declining to Iasure said aote and this mortgage, beiag deem~d ceac~ive proof oE snc6 iaeligibilitq), t6e mortga- gee or We holder af t6e note may, at its optien, declare oU sams secured hereby ima~ediately due and p4yable. T6e covenaats herein coataiaed shall bind, aad tbe beneEits and advaatages ahall iaure to, tbe respective heira, e:ecntas. administratas, successacs. and assi~s ef the piuties heretw ,Whenever nsed, the siagnlar aum- bec sball inclnde t}~e plural. tbe plural t6e aingular, and tbe use'oE any gendet shell iaclude all genders. • ~ • ~ ' _ ..~F...,. . _ _ . C.._. ~ ~~S