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5. That he will pecnit. commit, ot suffe~ ~o voaste; impairmec?t. or deterioratio~ of said pcope~ty or any part
thereof; and ie the~event of the tailure of the mortgagoc to keep the buildings on said p~emises and those tobe
erected o~ seid premises. or impcovements thereon, in good repair. the~ modgagee may makf such cepairs as in its
disccetion it enay deem ~?ecessary for the proper presenration the~eof. and the (ul! amount ot e.:ch and every sucb
payment shall be immediately due and pr~yable, and shall be securpd by the lien of this mo~tgage.
6. That he wil! pay all and singular the casts. charges. and expenses. includi~g ceasonable lawyec's iees.
and costs of abstcacts of title, incu~red or paid at any time bythe modgagee because oE the failure on the pwrt of
the mortgago~ ~romptly and [ully to pecfam the ag~eements and covenants of said promissory note and this mort-
gage. and said costs, cha~ges. and expenses shal! be immediately due arxl payable and shall be secured by the
lien of this mortgage.
7. That he will keep the improvements now existing or hereatter ecected on the modgaged propedy. i~sured as
may be required Erom time to time by the mortgagee against loss by fire and other hazards. casualties. and contin-
ge~cies in such amounts and for such pe~iods as may be required by mo~tgagee. and will pay promptly. when due,
a~y premiums on such insurance for payment of which provision has not bee~ made heceinbeEore. All insuraoce
shall be canied in companies approved by mo~tgagee and the policies and renewals the~euf shal[ be held by mort-
gagee a~d have attached thereto loss pa~abte claus~s in favor of and in [orm acceptable ta the modgagee. In
event of loss he will give immediate notice by mail to mortgagee, and mortgagee may make proof of loss if not
made promptly by mortgagor, and each insurance company concerned is hereby authoriaed and directed to make
payment Eoc such loss dicectly to mortgagee instead of to mortgago~ a~d mortgagee jointly, acid the insurance pro-
ceeds. or any part thereof. may be applied by mortgagee at its option either to the ceduction of the indebtedness
hereby se.-ured or to the restoration a repair of the property da.naged. In event of foreclosure of this mortgage or
other tcansfer of title to the mortgaged prQperty in extinguishment of the indebtedness secured heceby, all right,
title. and interest of the matgago~ in and to any insurance policies then in force shall pass to the purchaser os
grantee.
8. That the mortgagee may. at any time pending a s~it upon this moctgage. apply to the court having jucisdic-
tion thereoF for the appointment of a receiver. and such court shall forthwith appoint a receiver of the p~emises
covered hereby all and singular. including all and singular the income. prafits. issues. and cevenues from whatever
source derived, each and every of which. it being expressly understood. is hereby modgaged ~a if specifically set
Eorth and described in the granting and habendum clauses hereof. and such receiver shall have all the broad and
effective functions and powers in anywise entrusted by a court to a receiver, and such appointment shall be made
by such court as an admitted equity and a matter of absolute righi to said morigagee. and without reference to the
adequacy or inadequacp of the value of the propedy mortgaged or to the solvency or insolvency of said modgagor
or the defendents, and that such rents. profits. income, issues, and reve~ues shall be applied b~ such receiver
according to the lien of this mortgage and the practice of such coud. In the event ot any default on the part uE the
mortgagor hereunder, the moctgagor agrees to pay to the mortgagee on demand as a reasonable monthly rental for
the premises an amoi:at at least equivalent to one-twelftn (1/12) of the aggregate oE the twelve monthly install-
ments payable in the then current year plus the actual amount af the annual taxes, assessments, water rates, and
insurance premiums for such year not covered by the aEoresaid monthly payments.
9. That (u) in the event of any breach of this modgage or default on the part of the mortgagor, or (b) in the
event that any oE said sums of money herein referred to be not promptly and fully paid without demand or notice.
or (~1 in the event that each and every the stipulationc. agreements. conditions. and covenants of said note and
• this mortgage, are not duly. promptly, and fuily performed; then in either or any such event, the said aggregate
sum mentioned 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 mottgagee. as fully and com-
pletely as if all of the said sums oE money were originally stipulated to be paid on such day, an~~thing in said
note or in this mortgage to the contrary notwithstanding; and thereupon or thereafter. at the option of said moctga-
' gee, without notice or demand, suit at law or in equity, may be pr~secuted as if all moneys sscured hereby had
~ matured priot to its institution. The mortgagee may foreclose this mortgage, as to the amount so declared due and
payable, and the said premises shail be sold to saiisfy and pay the 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-
tinuing :ien of this mortgage for the amount . ot th~ ~ebt nqt then due and unpaid. In such case the provisions of
this paragraph may again be availed of thereafter from time to time by the mortgagee.
10. That the. mortgagor will give immediate notice by mail to the mortgagee of any conveyance, transfer, or
change of ownership of the premises.
11. That no waiver of any covenant herein or of the obligation secured hereby shall at any tir.~e thereafter be
held to be a waiver of the terms hereof or of the note secured hereby.
12~ That iE the mortgagoc default in any of the covenants or agreements contained herein, or in said note, then
the mortgagee may perform 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 in the note secured hereby, and shall be repayable
immediately and without demand by the mortgaga to the mortgagee, and, together with interest and costs accruing
thereon. shall be secured by this mortgage.
13. that'the mailing of a written notice or demandaddressed to the owner of record of the modgaged premises,
or directed to the said owner at the last a~ ~ress actually furnis:~ed to the mortgagee, or directed to said owner at
said modgaged premises, and mailed by the United States mails, shall be sufficient no*_ice and demand in any
case arising 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 l~ereby are
insured under the provisions of the National Housing Act, he will not execute or file Eor record any instrument
which imposes a restriction upon the sale or occupancy oE the rteortgaged propedy on the basis of cace, coloc, or
cceed. Upon any violation of this undertaking, the mortgagee sa;. at its option. declare the unpaid bala~e of the
debt secured hereby immediately due and payable.
15. The mortgagor further covenants that should this mortgage and the note secured hereby not be eligible
for insurance under the Nationat Housing Act within T~, ;-Ej•t r,-•~ [rom the ~ate hereof (written statement
of any ofEicer of the Depadment of Housing and Lirban Development or authorized agent of the Secretary of Hous-
ing and Urban Development dated subsequent to the time from !he date of this modgage,
dectining to iasure said nNe and this mortgage, being deemed conclusive proof of such ineligibility), the moctga-
gee or the holdet d the note may, at its option. declare all sums secured hereby immediately due and pay~able.
The covenants herein contained shall bind: and the benefits and advantages shall inure to, the respective
heics. executors, administrators, successors. and assigns of the padies ~ereto. Whenever used, the singu;ar nucn-
ber shall incinde the plural, the plural the singular, and the use of any gender shall irtclude all gendecs.
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