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S. That he will permit, commit, or suffer no waste, impairment, of deterioration of said property or any part
thereof; and in the event of the failure of the mortgagor to keep the buildings on said premises and those lobe
erected on said premises, or improvements thereon. in good repair. the mortgagee may make such repairs as in its
discretion it may deem necessary for the proper preservation thereof, and the full amount of each and every such
payment shall be immediately due and payable. and shall be secured by the lien of this mortgage.
6. That be will pay all and singular the costs. charges, and expenses, including reasonable lawyer's fees,
and costs of abstracts of title, incurred or paid at any time by the mortgagee because of the failure on the part of
the mortgagor promptly and fully to perform the agreements and covenants of said promissory note and this mort-
gage. and said costs. charge, and expenses shall be immediately due and payable and shall be secured by the
lien of this rtlortgage.
7. That he will keep the improvements now existing or hereafter_ erected on the mortgaged property, insured as
may be required from time to time by the mortgagee against loss by fire and other hazards, casualties, and contin-
gencies in such amounts and for such periods as may be required by mortgagee, and will pay promptly, when due,
any premiums on such insurance for payment of which provision has not been made hereinbefore. All 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 in favor of and in form acceptable to the mortgagee. 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 authorized and directed to make
payment for such loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance pro-
ceeds. or any part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness
hereby secured or to the restoration or repair of the properly damaged. In event of foreclosure of this mortgage or
other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right,
title, and interest of the mortgagor in and to any insurance policies then in force shall pass to the purchaser or
grantee.
8. That the mortgagee may, at any time pending a suit upon this mortgage, apply to the court having jurisdic-
tion thereof for the appointment of a receiver, and such court shall forthwith appoint a receiver of the premises
covered hereby all and singular, including all and singular the income, profits, issues. and revenues from whatever
source derived. each and every of which, it being expressly understood, is hereby mortgaged as if specifically set
fortb 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, acrd such appointment 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 inadequacy of the value of tbe property mortgaged or to tbe solvency or insolvency of said mortgagor
or the defendants. 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 court. In the event of any default on the part of the
morlgagor hereunder, the mortgagor agrees to pay to the mortgagee on demand as a reasonable monthly rental for
the premises an amount at least egpivalent to one-twelfth (1/12) of the aggregate of the twelve monthly install-
ments payable in the then current year plus the actual amount of the annual taxes, assessments, water rates, and
insurance premiums for such year not covered by the aforesaid monthly payments.
9. That (01 in the event of any breach of this mortgage or default on the part of the mortgagor, or (b) in the
event that any of said sums of money herein referred to be not promptly and fully paid without demand or notice,
or (cl in the event that each and every the stipulations, agreements, conditions, and covenants of said note and
this mortgage, are not duly, promptly, and fully performed; then in either or any such event, tbe 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 thereafter, at the option 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, anything in said
note or in this mortgage 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 to 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 mortgage, the mortgaged premises shall be sold subject to the con-
tinuing lien of this mortgage for the amount of 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 of the premises.
11. That no waiver of-8ny covenant herein or of the obligation secured hereby shall at any time thereafter be
held to be a waiver of the terms hereof or of the note secured hereby.
12. 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 (including reasonable attorney's fees) made by the
mortgagee in so doing shall draw interest at the rate set forth in the ante secured hereby, and shall be repayable
immediately and without demand by the mortgagor 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 ~ demand addressed to the owner of record of the mortgaged premises,
or directed to the said owner at the last address actually furnished to the mortgagee, or directed to said owner at
said mortgaged premises, 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 morlgagor covenants and agrees that so long as this mortgage and tbe 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 upon the sale or occupancy of the mortgaged property on the basis of race, color, or
creed. Upon any violation of 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 should this mortgage and the note secured hereby not be eligible
for insurance under the National Housing Act within 30 DAYS frao the date hereof (written statement
of any officer of the Department of Housing and Urban Development or authorized agent of tbe Secretary of Hous-
ing and Urban Development dated subsequent to tbe~o HAYS time from the date of this mortgage,
declining to insure said note and this mortgage, being ee conclusive proof of such ineligibility), the mortga-
gee or the holder of the note may, at its option, declare all sums secured hereby immediately due and payable.
The covenants herein contained shall bind, and the benefits and advantages shall inure to, the respective
heirs, executors, administrators, successors, and assigns of the parties hereto. Whenever used, the singular num-
ber shall include the plural, the plural the singular, and the use of any gender shall include all genders.
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