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S. T1Nt be w1U petwlt, caawit. 0~, iYIIOt AO N~t~ l~p~in~at. a deteciontion ot s~Id peop~ety oc aay put
tb~ceof; and i~. tl~ weat ot tbe f~flun d t~s: t~ kN ~tbe bulldla~s oa said pc~eis~a aad tbos~ tob~
erected oa said pe~oises. a:~provemeats tl~~~~ood c~p~~. tht matpp~ o~y awke such repatrs as In ib
disc~etica it w~y deea aecessuy for tbe pcoper presenratjoa theceaf. aad tla t~ll aiaouat aE e~ch aad every such
P~Yseot sh.li be i~a.bdracely due •ad p.y.bl., .nd sh.il b~ sacmrod by cbe ii.n oC ~b~s nw~p~a.
6. That b~ wttt pey ~11 aad sla`ulp~ tlta casts~ char~es. aad e:peases. lncludiag raisoaable lawyec's feea~
~ad costs oE abst~acts of tltis~ incucred oc p~ld at say time bythe mat~,s~ee because of the Eailure aa the port af
tbe mo~tgagac pcomptly ard fully to petfor¦ t1~e pgraea~eats aad covenaats of ~aid pcoo~Issoey uate ac~ this moet-
psee~ :ad s~id costs. clar~es. qed expeases slwll be immedlately due aad p4yable aad sball be secured by the
liea of this Aat~,age. .
7: 'That he wlll keep the imp~o~vemeats naw exiaiiag a here~ftec erected on the ~natgraged p~opedy, iasuced as
m~y be ~aQuired ho~ tlme to tlma by the aactgagee a~ainst loss by fke aad other basards. casus~lties. and coatin-
geacies in such amouats a~d Eo~ such peciods as moy be rcqntred by matg~gee, and wiU ppy promptly. when due, -
any preml~ oa such iasureace Eor poymeat of whicb pcovisioa bas aot beea made becelnbefae. All insuraace
shall be ca~cied ia caspanies appcoved by mortgagee aad the pollcies and reaewala tbereof shell be held by m«t-
gagee and have attached thereto loss payable cla~ses ia fava of end in fam aoceptable to t6e mortg~agee. In
eveat of la6s he will give immediate aotice by mail to aatg,sgee, and mortgagee may make proof of loss if not
awde proaiptly by matgagoc, and each iasuraace company co~cerned is hereby autbocized aad d'uected to make
' paymeat fa such loss d'uectly to moctgagee instead oE to moctgegar aad moctgagee joiatly. aad the insurance pco-
ceeds. a any pert thereof. a~ay be applied by mottgagee at its option either to the rednction of the indebtedness
heceby secueed oc to t6e restoation or repair of the pcopedy damaged. In eveat of fo~eclosure aE this moctgage or
other traasfu af title to the moitgpged pcopedy in extiagnishmept oE the indebtedness secnred bereby. all right,
title, and iaterest d the mcctpga ia aad to any insurance policies thea in fo~ce shall ~pess to the purchaser a~
g~antce.
8. Tbat the ~oo~tgagee mny, at any time pepding a suit upoa this mortgage, apply to the'court having jurisdic-
tioa tbereof fa the appointment af a receiver, and such coiut shall forth~vith appoiat a eeceiver of the premises
coveced bereby all and siagnlar, iacludiag all and singular the iacome, protits. issues. aad ceveaues from ahatever
source derived, each aad every of which, it beiag expcessly uaderstood. is heteby mortg,aged as if specif~ally set
forth aad described ia the grraan~tiag aad babendum clauses here~. aad such-receivec shell have all the broad and
effective fuactions aad powers in aaywise entcusted by a court to a receiver. and such appointmeat s6a11 be made
by such co~ut as aa admitted equity aad e metter of absolute right to seid mortg,agee, and arithout refecence to t6e
adequacy or inadequacy of the v~l~e of the pcopedy matgaged or to.the solvency or insolveacy of said mortgagor
w the defendeats. and that sJch rents, praftts, income. issues, and revenues 4ba11 be app~ied by such receiver .
accocding to the liea of this mortgage and We practice of such caut. In tl~ evenf of any default oa the ped of the
mortgegor hereurder, the matgagoc agrees to pey to the moctgagee on demand as a ceasoaable monthly renta2 fot
the pcemises aa aaiwunt at least eqpivaleat to oae=twelfth (1/12) of the aggceg,ste af _the twelve monihly install-
ments peyable in the then current yesr plus the actosl amount of the annual taxes, assessments. water rates, and
insurance pcemiums for such year not ~covered by the aforesaid monthly peyments.
9. Tbat (a1 in the event of any breach of this modgage or default an the pert of the modgagor, or (6) in t6e
eveat that any of said sums of money herein referred to be not promptly aad fully paid without demand or notice.
a(c) in t6e event that each and every the stipulations, agreemeats, coaditloos, and covenaats of said aote and
this moctgage, are nd duly, promptly, and fully performed; then in either oc any such eyeat. the said aggregate
x sam meationed in said note thea remainiag unpaid. witb intecest accrued to that time, and all moaeys secured
hereby, shall becoa~e dne and payeble fath~rith. a thereaEter, at the optioa of said matgagee, as fully and com-
f pletely as if all af tbe said sums of moaey wece origiaally stipulated to be peid on such day, anything in said
note or in Wis modgage to the coatracy aotrvithstanding; and theceupon or thereafter. at the option of said matga-
gee, withont notice or demand, suit at law or in eqnity. may be prosecuted as if all moaeys secured hereby had
matured pciec to its institution. The matg,egee may foreclose.this mortgage, as to the amount so declared due and '
payable, and the said pcemises shall be sold to satisfy and pay the same togetber with costs, e:peases,and allow-
aaces. In case of pertial faeclosure of this mortgage, the mortgaged ~emises shall be sold subject to the coa-
tinning lien of this :~tgage for the amount af the debt not then due and unpaid. In such case the provisions of
this patagraph may again be availed of thereafter from time to time by the mortgagee. _
10. That the mortg,aga will give immediate notice by mail to the modg,agee of any conveyance. transfer, or
change of oqvnership of the premises.
11. That ao waiver of any covenant herein or of the obligatioa secuzed hereby shall at any time thereafter be
held to be a waiver of the terms hereof oc of the note secured bereby.
12. TGat if the matgaga default ia any of the covenants or egreements contaiaed herein, a in said note. then
the mortg,agee may pecform the samg, and all expenditures (iacluding reasoaable attaney's fees) made by the
mortgagee ia so doing shall draw interest at the rate set forth ia tbe note secnced hereby. and shall be cepayable
immedietely end' without demaad by the mortgagor to the modgagee, and, together with interest and costs accraing
thereon, shall be sec~red by this modgage.
13. that the mailiug of a written notice oc demand addressed to tbe owner of record of the mortgaged premises,
or directed to the said awner. at the last addcess actually furnished to the mortgagee, or directed to said oovner at
said mo~tg,aged premises, and mailed by the United States mails, shall be sufficient notice aad demaad in any
case arising nndet this instrument and required by the provisioas hereof or by law.
14. The mortgagar coveaants and agRees thet so loag as this mortg,ege aad the said note secured hereby ace
insnred nnder the ptovisions of the Nationel Honsing Act, he aill not execute or file for record any iastrament
which impo~es a eestriction upon the sale or occupancy of the modg,eged pcopedy on the basis of race, colac, or
cieed. Upon sey violation of this underteki~, the mortg,agee may, at its option, declare the unpeid balaace of the
debt secvred bereby immediately due and payeble. ~
15. 'The mortgagor further coveaants that should this mat ge and the note secured hereby not be eligible
for ins~uance undec the Netioaal Housiag Act ~vithin 30 DAYS~ from the date hereof (written statement
of any officer af the Dep~rtmeat of Housiag aad Urban Development oc author"ued ageat af the Secretary oE Hons-
ing aad Urban Developme~ dated subsequent to tt~ 30 DAYS time from tbe date d this modgage,
declining to insure said note and this mortgage, beiag deenwd canclusive"pcoof af suc6 iaeligibility), the mortge-
gee a t6e 6older aE tbe note may, at its option, declare all sums secnred herebq immediatelq d~ And peyable.
Tbe covenants haeia ca~tsined shall bind, and the benefits and advantages shall inure to, the respective
beirs, e:ecirtas. administrators. snccessas, aad essigns d the partie~ bereto. Wheaevec used, tbe singnlsc nnm-
ber shall iacli:de the plural, tbe plnrol tbe siagular, end tbe use of any gender shall include all genders.
bODI~ ~Cf 1~J1~i
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