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5, That he will permit. commit. o~ suf(er no waste. impairment, or dete~iaation of said propedy or any part
thzceof; and in the eve~t o[ the failure of the mortgagoc to keep the buildi~gs on said premises at~d those tobe
erectecl o~ said pcemises, or improvements theceon, in good repair. the mortgagee may make such repairs as in its s
discretion it may deem necessary toc the p~oper presecvation thereof, and the Eull amount of each and every such ~
payment shall be ianmediately du~ ar.d payable, and shall be secured by the lien of this mortgage. i
6. That he will pay aU and singular the casts. charges. and expenses. including ceasonable lawyer's [ees.
and costs of abstracts of title~ incurred oc paid at any time b~ the mortgagee because of the failure on the part oE ~
the mo~tgagoc promptly and fully to pectam the agreements and covenants of said promissory note and this mod- '
gage. and said costs. charges. and expenses shall be immediately due and payable and shall be secured by the ~
lie~ of this mortgage. _
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7. That he will keep the improvements now existing or herea(ter erected on the mortgaged prope~ty. insured as
may be required from time to time by the mo~tgagee agai~st loss by fire and other !!azards, casualtie~, and contin- i
gencies i~ such amounts and for such periods as may be required by mortgagee. and will pay promptly. when due.
any p~emiums on such insurance for payment oE which provision has not been rt~ade hereinbefore. .111 insurance
shall be carried in companies approved by mortgagee and the policies and renewals thereof shall be held by mort- ~
gagee and have attached thereto loss payable clauses i~ favo~ of and in form acceptabie to the mortgagee. In ?
e~~ent of loss he will give immediatr notice by mail to mortgagee, and mor~gagee may make proof of loss if not
made promptly by mo~tgagor. and each insurance company concerned is heceby authorized and directed to make i
payment for such loss directly to mortgagee instead of to matgagor and matgagee jointly. and the insurance p~o-
ceeds. or any part the~eof. may be applied by mortgagee at its option either to the reduction of the indebtedness ;
hereby secured or to the restoration or repai~ of the property damaged. In event ot foreclosure of this mortgage or
other transfe~ of title to the mongaged property in extinguishment of the indebtedness secured hereby, all ~ight,
titte, and ;nterest of the modgagoc in and to any insurance policies then in force shall pass to the purchaser or
grantee.
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8. That the mortgagee may. at any time pending a suit upon this mortgage, apply to the court having jurisdic-
tion thereof [or the appointment of a ceceiver. and such cc~urt shall Eorthwith appoint a receiver of the premises
covered hereby all and singular, including all and si~gular the income, profits, issues. and revenues from whatever
source derived, each and eve~y of which, it being exQressly understood. is herehy mortgaged as if specifically set
forth and described in the granti~g 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 •ight to said mortgagee, and without reference to the
adequacy ar inadequacy of the value of the propedy mortgaged ot to the solvency or insolvency of said mortgagor
or the defeadents, and that such rents. profits. income, issues. and revenues shall be applied by such receiver
according to the lien of this mortgage and the practice of such coud. in the event of any default on the part of the
mortgagor hereunde~. the mortgagor agrees to pay to the mortgagee on demand as a reasonable monthlv rental for
the premises an amount at least equivalent to one-twelfth (1/12) of the aggregate of the twelve monthty install-
ments payable in the then current year plus the actual amount of the annual taxes, assessments, water rates. and
insurance premiunis for such year not covered by the aforesaid monthly payments.
9. That La 1}n the event of any breach oE this mortgage or default on the part of the modgagor. or (b) in the
event thatlany of 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 stipulations. agreements, conditions. and covenants oE said note and
this mortgage, are not duly. promptly, and Eully perfonned; 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, shall become due and payable forthwith, or thereaEter, at the option of said mortgagee. as fully and com-
pletely as if al! of the said sums of money were originally stipulated to be paid on such day, anything in said
note or in ihis modgage to the contrary notwithstanding; and thereupon or thereafter, at the option of said mortga-
~ gee, without notice or demand. suit at law or in equity. may be prosecuted as if all moneys secured hereby had
~ matured prior to its institution. The mortgagee may foreclose this mortgage. as !o the amount so declared due and
payable. and the said premises shall be sold to satisfy and pay the same together with costs. expenses,and allow-
ances. In case of partial foreclosure of this mcctgage. the modgaged premises shall be sold subject to the con-
tinuing lien of this mortgage for the amount oE the debt not 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 oE the premises. -
11. That no waiver of any covenant herein or of the obligation secured hereby shall at any time thereaEter be
heid to be a waiver of the terms hereof or of the note secured hereby.
I2. That if the mortgagor default in any of the covenants or agreements contained herein, or in said note, then
the mortgagee may perform the same, and all expenditures (inc: ~ding reasonable attocney's Eees) made by the
mortgagee in so doing shall draw interest at the rate set focth 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 modgage.
13. that the mailing of a written notice a demandaddressed to the owner oE record of the modgaged premises,
or directed to the said owner at the last address actually furnished to the mortgagee, or directed to said owner at
said modgaged pcemises, and mailed by the United States mails, shall be sufficient notice and demand in any
case arising under this instrument and required by the provisions hereof or by law.
14. The mortgagor 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 file for record any instrument
which imposes a restriction apon the sale or occupancy of the modgaged propedy on the basis of race, color, or
creed. Upon any violation oE this undertaking, the mortgagee may, at its option, declare the unpaid balance of the
~ debt secured hereby immediately due and payable.
15. The mortgagor further covenants that shonld this mortgage and the note secured hereby not be eligible
for _iasurance under the National Housing Act within thirty days from the date hereof (written statement
of any officer of the Depanment of Housing and L'rban Development or authoriaed agent of the Secretary of Hous-
ing and Urban Development dated subsequent to the thirty days time from the date of this modgage,
declining to insure said ~ote and this mortgage, being deem~~d conclusive proof of such ineligibility), the mortga-
gee or the holder of the note may, at its option, deciace all sums secured "nereby immediately due and pa~eble.
The covenants herein cosrtained sha11 bind, and the benefits and advantages shall inure to, the respective
heirs, executocs, administrators, successors, and assigns of the parties hereto. Whenever used, the singular num-
ber shall incl.ude the plural, the plural_the singular, and the use of any gender shall include all genders.
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