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Home My WebLink About2584 ~.J ~ ~ . • l.,.r i t t' r~ ~ j . ~ ~ ~:i ~~y,~ S. Tt?at he will pecmlt. commit. or suffer no wasta. impairaiddt, tios+ileteriaation of sald pwpedy or cny p~d theceoE; and Ia the eveat ot the failure af the oortga~a to keep We buiWia~s oa said p~emises a4d those tobe - erecte~ oa said p~emises. a Impcovemeata theceoa. ia good repo~r, the moit~a~ee awy make such repaira as Ia ib discretioa it m.y deem necessary fa che propec p~ese~vatioo chereaf, aad the full •mount oE eacb and every su~h p~y~aent sh~U bs uoa~ediately due aad payable, ead aha115e sec~nd by the: llea, of this mortgage. ~ 6. That he will pay all aad singular the casts. chu~es, aad expe~ses. ~acludiag reosonable lawyer'a fees. wd costs oE abstcacts of title, incucred cr paid at aay time by the matga~ee because of the failiue oo the part of tbe mort~aga p:omptly and Eully to perfccm the agceea~ents and coveasats cf said pr~is~~y note sad this mat- gPge. and said costs, charges, aad ex~ensea shall 6e immedlately due ~od poyable aad shall be aecured by the llen af tbis moctgog~. ~ 7. T1iat he aiU kecp the im~ovemeats noMr esisting oe heraoft~ erocted oa the e~oitg,a~ed propeety, iasured as awy be nquired from time to tiiae by the moctgagee againat losa by ftre and other Iwsard~, casualties. aad coAtin- ~eacies ln such amounts and for such peciods ss awy be required by mactgagee. and wiA pey ptomptly, wbea due. any pcemiun~s oa such insuraace foc peymea! of which pwvisioa bas not been aiade heeeiabefae. A11 insnrance shell be c4rried in companies approved by moctgagee and the policies aod renewals thereoE shall be beld by mat- gagee and have sttaehed thereto loss payable clauses in favo~ of and ia form acceptable to the mortg,9gee. In ev~t of loss he will give immediate aotice by mail to mortg,agee. and mortgagee may meke proof of loss if not made pcomptly by matgaga, a~d each insurance company conceraed is hereby authaised aad directed to make paymeat fa such loss dl~ectly to mortgagee instesd of to matgaga sud mortgagee jointly~ aad the iasurance pro- ceeds, .ar aay part thereof, may be applied by mortgagee at its optioa either to the redactioa of the indebtedness 6ereby secured or to the restoratioa a repeir aE the propedy damaged. In eveat of faeclosure af this mortgrage or other ttansfer af title to the modgp~ed propedy in e:tinguishment oE the indebtedness sec~ued bereby. all right, tide, aad interest of the mat~ga ia aud to any ins~uaace policies t6en in force shall pess to the purchaser a g~rantee. 8: That the a~octgagee may~ at at~y tiae pending a suit upoa tbis mortg,oge, apply to the court having jarisdic- tion thereof fot the appointment of a receiver. end such caut shell fodhwith appoint a ceceiver of the premises covered hereby all and sL?gular~ includiag all and singular t6e iacome. profits. issues. and revenues fcam whatever source derived, each ar~d every of whic6. it being e:pressly anderatood. is hereby mortg,aged as if specifically set Eorth and described in the grantiag ar.d habendum clauses ~ereoE. and snch receiver shall have all the broad aad effective functions aad powecs in anywise entrusted by a court to a receivec, and such appoiatment shall be made by such court as an admitted equity and a matter of absolute right to said mortgagee. and without reference to the adequacy or inedequacy of the velue of the property matgaged or to the solvency a;psolvency of said modgagoc or the defendents. aad that such reats, profits, income, ise~es, ~d'reveanes shall b~ applied by such receiver according to the lien of this modgage and the practice of auch ~outt. Iri the event of aay default on the pad of the modgagor hereunder, the mortgag~ agrees to pay to the mortgage~ oA. ss a reasonable montbly rental for the premises an amount at least eq~ivalent to one-twelfth 1/12 ~lhe~~ ( ) ggregpte of the t~velve monthly install- ments peyable in the then current year plus the actual amount of tbc aanual taxes. ~ssessments~ water rates, and insursace premiums for such year aot covered by the aforesaid mot~thly pAyments.; . ~ 9. That (o) in the event of any bceach of this modgage or default aa the ped of tbe modgagor, or (b) in the event thet any oE said sums of money herein referred to be nd pcomptly.and fnlly paid without demand or notice, or (c) in the evenY that each and every the stipulatioasj ag~eemeats, conditia~s. aad covenants of said note and this mortgage, ace not duly. promptly, and fully pedormed; thea in either oc any snch event, the said aggregate sum menti~ed in said~ note then remaining unpeid, with interest. acccued ta that time. aad all moneys secured hereby, shall become due and payable forthwith. oc theceafter, at the optioa of said mortgagee, as fully and com- pletely as if all of the said sums of money were originally stipulated to be paid on such day, enything in said note a in this awdgage to the contrsry notwithstanding; and thereupon or thereafter, at the option of said mortga- gee, withour notice or demand. suit at law or in equity, may be proeecuted as if all moneys secured hereby had matwed prioc to its institution. Tbe moctg,agee may foceclose this moctgege, as to the amount so declared due and payable. and the said premises shall be sold to satisfy end pay the same together with co~ts. expenses.and allow- ances. Ia case of p~rtial foreclosure of this mortg,ag~, the mo~tgaged premises shall be soW subject to the con- ~ tinuiag liea of this mortga~e Eor the amount oE the debt not then due and uapaid. In sach case the pcovisions of ~ this paragraph may again be availed ~ thereafter f~om time to tim~ by the matgagee. E 10. Thet the nwrtgagor vvill give immediate notice by mail to the mortgagee of any conveyence, transfer, or s change of oanership of the premises. ` 11. Thet no waiver of any coveaant herein or of the obligation secnred hereby shall at any time thereafter be ~ heW to be a waiver of the terms hereaf or of the note secured hereby. 12. T6at if the moctgaga defeylt ia any of the covensnts a a~reements contained hecein, a ia ssid note, then ~ the mortgagee mey pedocm the same, and all expeaditures (incltding reasonable atta~ey's fees) mede by the ~ moctgagee in so doing sbali draw intecest at the rate set fatb in the note secured 1?ereby, aad shall be repeyable immediat~ely and without demand by the moctgaga to the mortgagee, and, togeWer arith interest and costs accruing ttiereon, shall be secnred by this mortgage. 13. that the moiling of a wcittea ndice a demandaddressed to the oarnec of record of the matgaged premises, or directed tq the said owaer at the last oddress actually furnished to the moctgagee, or directed to said avaec at said modgp~ed prea?ises, aad mailed by t6e United States mails, shall be sufficient notice aad demand in any ~ case ~rising nadet this inatnunent and reqaired by the provisiaas hereof a by law. ~ 1~. The moctgagar covenants and agrees tbat so long as this mortg,sge and the said note secured hereby are ~ insured ueder tbe ptovisions of the Natioaal Hoosiag Act; he will not execute or file for recad any instrument " whic6 impasea a reatriction upon tbe sale as occupency of the mortg,aged property on the basis of race. cola, or ; creed. Upon any violatiqt qf this nndertaki~, the mectgagce may. at its optioa, declare the unpaid balance of the debt secnred hertby imoediately due aad P4ri+ble. ~ 15. The mort~agor fortber covea~nts tbat should t6is mort ee and the note secured berebq aot be ellLtble ~ for insurance under the Notlanol Housing Act Mrithin 30 QAY~ fcom the date hered (written stateaieat ~ oE any ofiicer of tLe Depadmcat oE Hoosia~ and Urbon Development a authaized agent af the Secretary of Hous- ~ in~ ond Urbon Development dated au~equeat to the 3Q pAyc time froe tbe dats of this mort~ae. ~ decliaine to insure spid note aad this mat~age, bein~ deem~ co11'cl~ive Pi~ _4E stt~l~, iaeligibllitY). tbe mortga- ~ ~es a the holder d tbe oote ~y. at ib optioa. declore all s~s secnred bereby im~ed~tely d~e and pay~ble. The covenaaLs harein coataiued shall blad, and the benetits and advantages aleall inure to, the cespcctive heirs. esecutas. administratas~ successas, aod aasi~s d tbe patjes 6ezeto. ~beaever used, tbe si~ular num- ~ bet shall ieclude the plual, the plurd tbe singntar, and t6e use d anq gendac s6~11 Iaclude alt genders. ~ ~oo~~'~ t~~~~ ~ ~ - - _ . _ _ _ ~ . . . ~~YJr~.-."~ . ...v_ ~ . . _ ~ _gs7~~ _