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S. That he will permiC; commit, at saffer ppl:~ste, Ri~ipiie~a~t. or deteriaatioa of said property or any peut
theceof; end ia the event ~cf the tailure of the moctgagot to keep tbe bullding~ oa said premises aad those tobe
ecected on said premises;tor improvemeats thereot~. In good repau, We moetgagee aiay make such repptcs as In ib
disc(etioa it may deem n~ecessery fa~ tbe proper preservation thereot, and the full amouat af eac6 aa; every suc6
payment shell be iaa.aa~diately due aad pay?oble. and shall be secuced by the lien aE tbis mortgage.
6. .That he wllhpey all and siagular the costs. charges. and expenses. iaclodiag ceesoaable lawyer's fees.
and coata of +~bstracts of title. incumd or p41d at any time by the matgagee because of the failure aa tbe part of
the mortga~oc pwmptly and fully to perfam tbe agreements and covenants of seid promissory aote aad this moct-
gage, aed a~id costs. charges. and expeas~s shall be immediately due aad peyable aad shalt•be aecured by tne
lien of this mortgage. ~
That ha will keep the impcovemeata now existing a hereaher ecected on the matg;aged pcopedy, Ins~red as
may be required fcom time to time by the matgagee agaiast losa by fire and other hasards. casualties, and contia-
gencies in such amounts aad foc s~h pedads as may be requiced by matgage~, and rviU paq prompt;y. whea due, '
any premiums on s~h insurence for peyoent of which provision has aot beea made hereinbefoce. All insurance
shall be carcied in compaaies approved by moctg,agee aad the policies auci renewals theteof sbell be held by mat-
gagee and have attached thereto loss poyable clauses ia Eavor oE acd ia form acceptable to the mortg,sgee. In
event of loss he aill give immediate aotice by meil to matg,agee. and moctgagee may make proof of loss if not
made promptly by mprtgaga, aad each iasurance company concerned is hereby authorized aad directed to make
payment for such lo~s directly to moetgagee instead of to mortgagor and mortgagee joiatly, aad the insuraace pro-
ceeds, or any part tfiereof. may be applied by mortgagee at its option either to the reduction of the indebtedaess
hereby secured'or t~ the restoration~ior repair of the property damaged. Ia event of foreclosure af t6is mortgage oc
other trapsfer of title to the mortg,aged property in extingnishment of the indebtedness secured heceby. all rigbt,
title, and iaterest of the matgagoc !n and to any insurance policies then in force shall pass to tbe purcheser a
gFantee. ~
8. That the mortgagee may~ at any time pending a suit upon this mortgage. apply to the caut baving jarisdic-
tion theteof fa the appointmeat of a receiver. and such couit shall forthwlth appoint a receiver of t6e premises
covered hereby a!1 end siagular, iaclnding all and singular the income, profits. issues, end revenues from whatever
source derived, each and every of which, it being expcessly understood. is hereby mortgaged as if speciflcally set
forth and described in the gcanting and habendnm clanses hereof, aad such receiver sball bave all the broed and
eEfective functions and powers in anywise entrusted by a court to a receiver, and auch appointmeat shall be mede
by sach coud as an admitted equity and a matter of absolute right to s~id moctgagee~ aad without ceference to the ~
adequacy or inadequacy of the value ot the propedy mortgaged or to th~ solteocx, pr insolvency of said mortgagor
or the defendents, and that such rents, profits, income. issues, and ceveaaes shall be applied by such receiver
according to the lien of this mortgage and the practice of such court. Ia the eveat of any de~ault on the ped of the
modgagor hereunder. the mortgagor agrees to pay to the mortgagee on demand as a reasa~able mont6ly rental for
the premises an amount at least eqµivaleat to one-twelfth (1/12) of the aggregste of t6e twelve monthly install-
ments payable in the then current year plus t6e actaal amount of the annual tazes, assessmeats, water rates, and
insurance premiums for soch year not covered by the aforesaid monthly paymeats.
9. That (a) in the event of aay breach of this modgage or default on the pad of the modgagor, or (b~ in the
event that any of said sums of moaey hereia referred to be not promptly and fully paid without demand or aotice,
or (c) in the event that each and every the stipulations, agreements, conditi~s, aad covenants of said note and
this modgage, ace not duly. promptly. and fully performed; then in either or aay s~ch event, the said aggtegate
sum mentioaed in said note then remaining uapaid, with interest accrued to that time, and all moneys secured
hereby, shall become due and peyable forth~vith, or tbereaker. at the option of said moctgagee, as fully and com-
pletely as if all of the said sums of mo~y were origiaally stipulated to be peid on such day, anything in said
note or in this modgage to the contrary notwithstanding; and thereupon ot thereafter. at tLe option of said matga-
gee, withoat notice or demand, suit at law or in eqnity, may be prosecuted as if all moneys secured hereby had
matured pria to its institution. The matg~gee may foreclose this mortgage, as to the amount so declared due and
f payable, and the said premises shall be sold to satisfy and pay the same together with casts, e:penses,and allow-
` ances. In case of partial foreclosure of this mortgage, the mortgaged premises shall be sold subject to the con-
~ tinuing lien of t6is mortgage for the amonnt of the debt not then due and nnpaid. Ia such case the provisions of
this paragraph may agein be availed of theresher from time to time by the martgagee.
~ 10. That the mortgagor will give immediate notice by mail to the mortgagee of any conveyaace, transfer, or
change of awnership of the premises.
~ 11. That no waiver of aay covenant heceia or of the obligation secured hereby shall at any time thereafter be
held to be a waiver of the teims hered' or of the note secured hersby.
12. TE~at if the mortgagor defanlt in any of the covenants or agreements coetained herein, or in said note, then
the mortgagee may perform the same. and all expenditures (including ceasonable attaney's fees) made by the
mortgagee in so doing shall draw interest at the rate set forth ia the note secnred hereby, ead shall be repeyable
immediately and wi~thont demand by t6e mortgagor to the mortgagee, and, together aith interest and costs accrning
thereon, shall be sec~red by this moctgage.
13. that the mailiag of a~vritten ndice oc demand addressed to tbe owner of record of the matgaged premises,
~ or directed to the said aavner at t6e last address actually farnished to the matg,agee, or directed to said owner at
said modgaged premises, and mailed by tbe Uaited States mails, shall be sufficient notice and demand in sny
case arising under this iastrwnent ard reqnired by the pravisions hereoE or by law.
14. The mortgagor covenants and agreea that so long sa this matgage and the said aote secnred hereby are :
insured uader the provisions of the Natioaal Housing, Act~ he will not ezecute or file fa recocd any iastrument
whic6 imposes a restr:ction upon the sale or occupaacy of the mortg,sged propedy on the basis of race, colac. ~
~ cregd. Upon any yiol:,;ion of this und.~kieg, the mortgagee may, ~at its option; declare the ~npaid balaace of the -
~ de6i sec~ued heceby immedietelq dne and peyable.
~ 15. The mortgagor further covenants that should Lhis ,~n4rt~age and the note secnred hereby not be eligible
for insurance under the Natioaal Honsin6 Act within 30 UA from tbe date hereaf (writtea statement
of any officer ~ the Departmeat of Housing and tJrben Developmeat a authorized agent af tbe Secretary of Hous-
ing and Urbar Developmeat dated subseq~eat to tl~ 30 DAS ~ f~ °E ~ mortgage,
decli~ing to insure said nde and this mortg,ege, being deem~ coo~~6sive proof af such ineligibility), tbe mortga-
gee or the 6older af the. note may, at its optioo, declace all sums secured beceby immediately due and payable.
The covenants herein coataiaed shall bind, and the beaefits and advantsges shall iaure to, the respective
heirs, executors, administrators, successers, and assigt~s d the parties h~reto.. Wbenever nsed, the siagular num-
ber shall include the plural, the plural tbe singular, and the use o~ any gender shall inclnde all genders.
~75 ~i412
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