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S. '!'~at bt wlll pece~It. coa~It. a~ suff~r ~o~. iap~r~~yo~ dete~i«.cco~ ot ~~a ~Kr a.ay p.~c
tLeteof; aad iu tM weot ot th~ f~ilure at the watp~a to keep the buildin~ on said ptemisos aad thase tobe
ti~` erecte~ oti sald prestses, a iap~oveiaents tbeeeon~ ie good ~epo~. the mart~p~ee awy make such cep~ics as in its
djscretio~ It ~y deem aecess~ty [ot tbe pcope~ p~esecvatlon tbereof, oni the inll •mount ot eacA aqd evary sucb 4
pay~ae~t slwill bt iw~..`dlately due aad p~yoble. ~ad slull be secured by tbe liea of this mo~tgage. ~
. 6. That M olll poy all ~nd siagular the costs. char~es. and expenses. tacludiag ceasoaable lawye~'s fees. ~
aRd costs ot a~stracts oE title~ incnned a poid at ~ay time by the mat~a6ee because oE the failure oa the part oE
' the mo~t~a~a p~mptly aad fully to perfam the ag~eements ~ed covenants oE said aaaissory uote aad this mat-
%~~e. ~nd said casts~ charges. aed e:peases shall be imaediately dus ~ad p~yable ~ad shall be secared by tbe
~ . liea uf this moet~age.
7. Tbat he ~viU keep the impravemeats aow e:isting or hereaiter erected ou the moetga~cd pcopeKy. iaanrcd ss
may be required Erom time to time by the matgagee ogainst loss by fire aad ot6er lwsocds. caswlties. aad contia
~ gencies in such amouats ~nd for such periods as may be required by matgagee. and pill pey pcomptly. when due,
any premiums on anch insurance for payment of Mrhich provision has not been made bereinbefore. All iasuraace
= shall be caaied in companies ap~oved by mortgagee.and the policies aad renewals the~eof shall be held by mat-
gsgee and have attached thereto loss peyable clauses in fava of and ia form acceptable to the a?ortpgee. Ia
event of . loss he will give immediate aotice by mail to matgiagee. and mortgagee may make pcooE o[ lo~s if not
made promptly by matgagor. and each insuteace compaay coacecaed is hereby ~autha~ized aad directed to make
paymeat fa snch loss dicectly to moct~aeee instead of to mortgaga aad matgagee jointly~ aad the insurance pra
ceeds. or aay pad thereof. mey be applied by matgagee at its option eithec to the reduction of the indebtedness
6ereby secured oc:to the restuwtloa or cepair oE the propedy daa~aged. ln eveat.of foceclos~ue of this matgage a
other tcaasfer of tltle to the ooctg~aged property in extinguishmeat of the indebtedness sec~ued heceby, all rig6t. :
title. and interest of the mo:tgager iA ~aad to any insurance policies thea in force shall pess to the purchaser a
grantee. ~ _
8. That the matgagee may, at aaq time pending a snit upoa this matgage, apply to the court having jurisdic-
tion thereaf for the appointmeat oE `a ceceiver. and such court shall fotthwith appoiat a receiver of the premises
covered hereby all and singular. including all end singular the iecome, ptofits, issues, and revenues from ahatever
source derived. each aal every of which. it being espcessly understood. is bereby modgaged as if specifically set
fodh ar~d described in the granting aad habeadum clauses hereof~ and such receiver shall have all the broad aad
effective functions and powers in anyvrise entrusted by a co~rt to a receiver. aad such appointment shall be made
by such court as en admitted equity and a matter of absolute right to seid matgagee, and aithout refereace to the
adeqaacy or inedeq~s...'cy of the value of the propedy moitgagedo~, to. the solv cy o~ insolvency of said matgagor
or the defeadents. and that such rents, profits. iacome. issues,~~-i~nf~~ shall be applied by such receiver
according to the lien of this mortgage and the practice of such caut. Ia the event of aay default on the pert of the
modgagor hereuader. the mafgagor agcees to pay to.the mort&agee on demand as a' ceasonable monthly rental for
the premises an amount at least eqpivalent to one-twelfth (1/12) of the agg~eg,ate of the taelve moathly install-
ments payable in the then current year pl~s tl~e actual amount of the annual taxes, assessments. water rates. aad
insurance premiums for such year aot covered by the afocesaid moathly peymeats.
9. That (a) in tbe event of any breach of this modgage . ot defeult an the p~d of the mortgagor, or (6) in the
event that any of said sums of money herein referred to be not promptly and fully peid withon't demaad or notice,
or (c) in the eveM that esch and every the stipnlations, agreements, coaditia~s, and coveaants of said note and
• this mortgage. are aot dnly,_ promptly, aad fully performed; thea in either oc any such eveat, the said aggceg,ete
sum mentioned in said _aote then remaiaing unpaid, with interest eccrned to that time; aod al! maneys secured
heceby, shall become due and payable forthwith, uc thereafter, at the option of said moctgagee, as fully aad com- ~
pletely as if all of the said sums of money were originally stipnlated to be ~eid on s~h day, anything in said
note oc in this mortgage to the contrsry ndwithstandiap~ snd t~reupon or theceafter, at the option of said moctga-
gee, without notice or demand, suit et law or in equi~y. msy be prosecuted as if all moneys secured hereby had
; matured p~ia to its institution. The moit~sgee may foreclose this mortgege. as to the amount so declared due sad
i payeble. and the sald premises shall be sold to satisfy and pey the same together with costs, eapenses,and allow-
~ aaces. In case of partial foceclosnce of this moctg~age, the moctg,aged premises shell be so3d subjeet to t6e con-
~ tinuing liea of t6is moctgage for the amount af the debt not tben due and unpaid. Ia snch case the pcovisions 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 modg,agee of any conveyance, transfer, or
change of owaership of the pcemises.
11. That no waiver of aay covenaat herein or of the obligatioa secuced hereby shall at any time theceafter be ~
held to be a waiver of the terma hereaf or d the note sec~ed herebq. ,
12. That if the mortgaga default in any oE the covenants a agreements contained herein, or in said note, then
the mortgagee may pedorm the samg, and all e:peaditnres (including reasonable attaaey's fees) made by the
modgagee in so doing shall draw interest at the rate set forth in the note secnred hereby, and sha11 be repayable
immediately and withont demand by the moctgaga to the mortgagee, and, together with interest and costs accruing -
thereon. s6a11 be secured by this modgage.
13. that the mailing of a writtea notice or demandaddressed to the owner of record of the mortgaged premises,
~r directed to the said owaer_ at the last address actually fucnished to the matgagee, or directed to said o~vnec at
said modg,aged preonises, and mailed by the United States mails, shall be saificieat notice and demaad in any
case arising under this instrament aad required by the provisions bereof or by law.-
I4. The modgagoc covenan~s and agcees that so long as this mortgege and the said note secured hereby are
insured under the provisions ~ the National Housing Act, he ajll aot execute or file for record aay instrument
which imposes a restriction upon the sale or. occup~ncy of the mortg,eged pcopecty on the basis of race, cola, or
creed. Upon any violation of tbis undectaking~ the moctg,agee may, at its option~ declare the eiapeid halance of the
debt secured 6erebq immediately due and peyable.
15. The moct~a~or fart6er covenaats that should this matgage and the note secuced hereby aot be eligible
for insurance ander the Netioael Hw~siag Act within fcom the date heceof (written statement
of any officer af tbe Depsrta~eat of Hausing aad Urben Development oc authaized ageat af the Secret~ry of Hons-
ing and Urban Developmeat dated subsequent to the ~ Q~
Y time fcom the date of this mortg,ege,
declining to iasure said ade aed this mortg,age, being deemed -c~clnsive proof ef sucb ineligibility), tbe modga-
gee a the holder af the note may, et its option, declare ell sums secuced bereby immedietely due sad payable.
The coveaants herein conteiaed shali bind, and the benefits atd advantages shall inure to, the respective
heirs, execatas, administrators. sncceaaas, aad assig~s d tbe Qarties 6eceta. INhenever used, the singular num-
ber shall include the plural, the plnral the singultu, and tbe use of aay gender shall include all genders.
~ ~ S~i85 ~1085 ,
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