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S. That he will pe~mit. caamit, ot suffer no waste. impairmeat. o~ deterioration of sald pcopeKy or any pad
the~eof; aad i~ the event of the failuce aE the mortgagor to keep the buildings on said premises aad thoae tobe
e~ected oa spid peemises. or impcovements tbereon. ia good repeft, the mortgagee mey meke such ~epaics as Ia its
discretion it may deem neresspry fa the pcopec proservatlon theceof. and the full amount of each and every sucb
payment shell be immediately due ead poyable. aad shall be secuced by the llea oE this mortgege.
6. That be wlll pay al! and singular the costs, charges. and expenses. iacluding reasoaable lewyer's fees.
end casts of ~bstracts of title~ incurced a paid at any time bythe mortgagee becanse of the failuce on the patt oE -
the moctgagar promptty a~d fully to perform tlie agceen~ents and coveaants oE said promissory note ~nd this moet-
gage. aad said costs. charges. a~~ expenses slwll be immediately due aad payeble and shall be secured by tbe
lien d this moctgage.
7. Tbat he will keep the impcovements now existtng a hereafter erected on tbe matgaged pcopedy~ iasuced as
may be required from time to tiase by the_ matgagee against lass by fire and other lwsarda. casualties, and contia-
gec~cies ia sueh amounts and for such periods as mey be requiced by moctgage~. and wiU pay praaptly. ~vhen due,
any premiums on such insurence for. payment. of ~vhich provisioa bas aot beea made hereiabefae. All iasuronce .
shall be ceccied ia companies eppcoved by mactgagee end the policies and renewals thenof shall be held by mort-
. gagee and have atteched thereto loss psyeble clauses in favo~ of and ia form acceptable to the modg,sgee. Ia
event of loes he ~v111 gtve immediate aotice by mail to mortgagee, and moctgagee may malce proof of loss if not -
made promptly by matgegor. and each insura~ce company conceraed is hereby euthocized end d'uected to make
payment fa such loss dicectly to mortgagee instead oE to matgagor and matgagee jointly. and the insurance pta
ceeds, or aay part theceof. raay be epplied by mottgagee at its optioa elther to the reduction of the iadebtednesa
hereby secu~ed or to the restocation o~ repair of the propedy demaged. In eveat of faectosure. af this moctgage oc
other transfer of title to the modgaged propedy in extiaguishment• of the indebtedness seaured hereby. all right,
title. aad interest of the mortgagac ia and to any insurance policies then in focce ahall•pass to tbe purchaser or
g~rantec. -
8. That the matgagee awy. at eny time pending a suit upon this matgage, apply to the caut haviag jucisdic-
tion thereaE foc the appointa~eat of a receiver, and such caut shall forthwlth appoint a receiver of the premises
covered heceby all and singuteu. including all and siaguler We incoa~e. profits. issues, and revenues fcom whatever
source derlved. esch and every of which~ it being expressly nnderstood, is hereby matg,eged as it specifically set
Eodh and described in the grenting and habendum clauses heced. a~d such receiver sball bave all the broed and
effective functioos and powers in anywise entrusted by a couct to a receiver. aad such eppointment sball be made
by such couct as sn admitted equity and a matter of absolute rig6t to said matgegee. ead vvithout reference to the
adequecy or inadequacy of the value of the pioperty mortgeged or to the solvency o~ insolvency of seid mortgago~ -
or the defeadents, and that such rents, prafits, incoa~e. iss4es. and reveaues shall be applied by such receiver
accordiag to the lien of this mortgage and the practice of such cewt. Ia the event ~ any default oa the pad of the
modgagor hereunder. the matgagoc agrees to pay to the mortg,egee oa demand as a reesoaable moat6ty rentel for
the p~emises an amount at least eq~ivalent to one-hivelfth (1/12) of the agg,cegate of the twelve monthly install-
ments p~yable in t6e then current year plus the actual amount of the anaual tases, assessments. vvater rates. and
insarance premiums for such year aot covered by the aEoresaid monthly payaents.
9. That (o) ia the event of any breach of this modgege or default an the pad of the modg,ago~, or fb) in the
event that any of said sums of money herein referred to be not promptly aad fnlly peid wit6out demand or notice,
or (c1 in the event that each and every the stipulatioas, agreements, conditioas, and covenaats of said note and
this mortgage. are not duly, promptly. and Eully perfora~ed; then in either oc aay such eveut. the said aggregate
~ sum mentioned in said note then remaining unpaid, with interest accrued to that time. aod all moneys secured
6eceby, shall become due aad payable forthwith, oc thereaRer, at the option of said matgagee. es fully and com-
pletely as d all af the said sums of awaey were origiaally stipulated to be paid on such day, enyt6ing ia said
aote a in this moitgage to the ~ontrary nd~ritbstanding; aad thereupon or thereafter, at the optioa af said matga-
gee, aithont notice or demand. suit at law or in eqnity, may be Qrosecuted as if sll moaeys sec~ued hereby had
matured prior to its institution. The matg,agee may foreclose this mortgage. as to the amonnt so declared due and
~ payable. aad tbe said premises shall be sold to satisfy and pey the same together with costs, espenses,and allaav-
` ances. Ia case of pertial foreclasure of this mortg,age, the mortgaged pcemises shall be sold subject to the con-
tinuing lien of this awrtgage foc the amouat of t6e debt not then due and twpaid. Ia such case the provisions of
~ this paragraph may agaue be availed of theceafter from time to time by the mortgegee.
10. That the modgagor will give immediate notice by mail to the mortgagee of any conveyance. transfer. or
c~ange of awnership of the premises.
11. That no ~vaiver of any covenant 6erein or of the obligatioo secated hereby shell at aay time thereafter be
held ta be a vvaiver of the terms hered or of t6e aote secured 6eceby.
12. T6at if the mortgaga default in any of the covenants or agreemeats coatained herein, or in said note, then
the mortgage+~ a~ay perform t6e samg, and all expenditures (iacluding reasoaable attaney's fees) made by the
modgagee in so doing shall draw interest at the rate set fath ia the note secured heceby, and shell be repayable
immedistely and ~ithosit demand by the matgaga to the mortgagee, aad, together with iaterest and costs eccruing -
~ thereon, s6a11 be secured by this awdgage.
13. that the mailing of a arittea notice a demaadsddressed to the owr+er of record of the moctgaged pcemises.
or directed to the said o~waer at the last address actually furnished to the matgagee, oc directed to said aavaer at
~ said modgaged pcemises, and mailed by the United Stetes mails, shall be sufficient notice aad demaad ia any
~ case acisiag under this instcumeat aad reqnired by the provisioas hereof or by law.
14. The mortgagor covenants and agcees tbat so long as this matg~age aud the said note secnred bereby are
insured uader t6e proviaioas of the National Housing Act, he will nd execute or file for recocd any instrumeat
vPhich impo~es a restriction upa~ t6e sale or occupeacy of the modg~aged propedy on the basis of race, cola. or
creed. Upon any violatioa of this undectakirig, the mortgagee may, at its option. declare the unpaid balsace of the
debt secuced hereby immediately due a~ payable.
15. The modgagor further covenaats that shoutd this moctgoge and the note secnred hereby aot be eligible
for iasurance under tl~e Natiaaal Housing Act withia thir ty d~?y s hom the date 6ered (writtea skatemeat
of any officer af t6e Department af Housiag ead Ucban Development oc a~bocised ageat af the Secretary of Hous-
ing and Urban Developmeat d~ted subsequeat to the thiYty days t~ Ecom tbe date of this mortg,age,
decliaiag to Iasuce said nde and this mortgage, being deemPd canclusive pcoof af snch iaeligibility), t6e moctga-
gee a the holder d t6e note may, at its optioa. declare all snms secnred hereby imo~ediately dae aad payable.
T6e coveaants 6erein caatained s6a1! biad, aad the benefits and advantages sball inure to. the respective
heirs, e:ecutas, administrators. successocs. end assigps oE the peitiea heretb. Whenever use:d, the singulac num-
ber shall incl~de t6e plnral, the plural tbe singuler. and the use of any geader shall inclade all genders.
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