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Home My WebLink About1555 ~J % . . S. '1'f~at b~ will penlt. co~~It. ot suEis~ ao wast~~ 1~p~in~M. a~.~i«.cro~ ot s.~a a~r «~r w~ theeeat; ~ad ia tM ~veat d tl~ Eai1n1~ d~~~~~! t6t bnlldtn~t a~ s~id pe~e~ises aed tLo~~ tob~ •c~cted os s~d Pc~sLea. a i~P~owNets . ia lr. tb~ wat~,a~es a~y edce suc6 ap~l~s as i4 its discnda~ tt My. drei s~o~ss~r for tL~ pco~er peeieevatlou th~ceaE. aud the fdl ~wount cf Mcb and ev~ry sucb p~y~snt s1M11 be Ipaediat~ly due aad p~y~ble. aod sb~11 be secneed bp the lla~ aE tbls aatp~e. 6. 'Tlwt b~ wlll p~y all aad sioiulu U+e casis. cbups. aad e:peasts. L~cladta` ce~saaable lawyer•s fees. ~ad catts af ~bstncts oE tttle. incurc~d a psi~d at anr tiae by ti~ eatp~ because aE the fajlure ca t6a part cf ~ the aoet~ata~ Pi'a~tty aed Ectllq to p~ecfa~ tbe a`,reeNeab aad cavenants of sajd p~omissory note aad tbts aat- f,~~e. ~ad sdd ccsts. cl~ea. aad espeases slNll be isaedLtely dne aad payable aad shalt be seceued by tbe U~ea af t~ts aocteage. 7: T6at 6e will keep the I~p~aveeeats uaw eYistin~ a hereaftec eeected aa the eatp~ pcopedy. iasne~d ~s a~y be raquieed fro~a ti~e to tiae by the ad~tpgee apinst loss by fire and otber h~suds. caswltles. aeed coatia- gencies ia s~ech a~nts and fa~ sncb periods as e~y be ra~qaired bY oo~tZa~ee, add wIll P~Y P~P~Y, when doe, aaq pranlwrs on sach ia~uraace foc payweat of which pcovisioa bas aot beet~ oade bereiabefoce. AU ins~ance ~ shall be carcied in companies appcoved 6y Aaetg,a~ee aad the pollcies ud renewals theceof s1w11 be held by mat- ~pgee aad lu~ve attacl~ed thereto locs payable claus~s ia fava of aad ia focm acceptabte to the mort~agee. In eveat of loss i~e witl give imaedlate notice by mail to mort~gee, and mort~agee moy maloe pa~o~f~ ~ loss jf aot nwde promptlq by matga~ar, and eacb insurance compaay coucecaed is heieby authc~ised and directed to make payment fa s~ch loss dicectly to moetgagee instead aE to matg~aga ond a~aetgageei joindy, ~ad the iasuraACe pro- ceeds. a any part thereof. o~y b~ applied by matgagee at its option eithe~ to t6e rednction of the indebtedaess l~ereby secacad a to the r~staatioa cc repMir ef tbe prapecty daawged. Ia ev+ent d fareclosue~a d this mortgage a other traasfer aE title to tlx oortg,s~ed pcoperty ia eutinguish~nt of the iadebtedaess secured hereby. all right. tiiia, and iate:est d.the moctg~ga ia and to say insurance policies tl~ea ia focce shall•pass to the purcl~aser a gRaatee. _ - ~ 8. Tbat the patgagee oay, at aay time pepdiag a suit upoa this mortg,age, apply to the caut having jurisdic- tion tbeceaf fa~ tba appoiutient af a receiver, aad such caut shell fathwith appoiat a receiver of t6e premises ~ covered hereby al! and s~egnlar, iaclnding all and singular the inco~qe, pcofits, issaes, and reveaues from ahatever source derived, each and every af which. it beiag expcessly ~adecstood. is hereby moNg+aged as if specifically set forth aad described ia tbe g~anting aad babendum clanses hereoE. ead snc6 ceceiver sball have all the bcoed aad effective fuactiaas and po~vers ia +oaywise entrusted by a caut to a receiver~ aad sach appoiatmeat shall be made by such court as aa admitteel eq~ity aad a~natter of sbsolute right to said mortgagee, aad without reference to the adequscy or inadeqaacy of the valae of the pcopedy moctgaged or to the solvency e~ insolveacy of said mortg~aga or the defendeats. aad that suc~h rents, profits, iocome, issues, and rewen~es shall be applied by such receiver accocdiag to th~„liea of this ;mokg~age aqd ;tl~ pcsctice af snc6 caut. Ia tbe eveat af aaq defeutt oa the pad of the - mo~tgagor hecew~der. the mo~tgagor agrees to pay to the mortg,egee on demand as a re~soaable manthly reatal tor the premises an amounta~ ~e~st• e~qiyalent to oae-twelfth (1/12) of the aggre~ate uf the trivelve monthly instell- meats peyable in the thea ~un~en~ year plos the actual amouat of the amaual taues, assessments, water rates. and insura~e premiua~ for snch yewr aot coyered by the aforesaid monthly paymeats. 9. That (o) in tt~e .evept "ot~ eap bceech of this mostgage or defanlt oa the pad of the martg,egor, or (6) in the eveat that aay of said sams of money herein refe~red to be aot ~omptly and fnlly paid without demand or notice, or (c) ia the eve~rt ~ that eac6 and every the stipalatiaas, ag~eeoeats, ca~ditions, and coveaants of said note aad this mortgage, are not duly. promptlY, and tuUy pedormed; then id either oc any snch event, the said aggregate snm mentiooed in said nde then reiaainiag unpaid, ~ith interest aoccaed to Usat time, aai aU moneys secuced . - hereby,~ shall becaoe dne~ end payable fathwith, or tbereaRer. at t}~e optioa of said ~ortg,a~, as fully snd com- pletety as if all af tbe said sums of money were origioally stipulated to be peid oa snch day, anything ia said note er in this moitgage to t6e ca~tracy notwithstaadiag; aad tbertupoa o: theresfter, at the optian af said matga- gee. withont aotice a demand. suit at law or in eqnity, may be proeecuted as if alI maneys secured hereby had matured prioc to its institution. TGe moctpgee may faeclo~e this matg,sge, as to tbe amouM so @eclsred due and paysble. and the said premises shall be sold to saiisfy and pey the sem~r togetber ~vith costs, ezpeases,sud allo~v- ances. In case of partial faeclosure of this me~tg,age, the aioctg,sged premises shall be sold subject to the con- tiauing lien of this moctgage for-the amount o~ tl~e debt not then dne and unpaid. Ia such case the provisions of t6is peragraph may again be availed of theresfter from time to time by the moctg,agee. 10. That the mortg,agor wili give. immediate notice by mai! to the moctgagee of any conveyance, transfer, or cbaage of apnecs6ip of the premises. 11. That no ~vaiver of aay covenant herein ot of the obligation secured hereby shell at any time thereafter be held to be a waiver of the tecros fiereaf a of tbe pote secured hereby. 12. T6at if the moctgagor default ia any of the covenants a agreements contained 6erein, oc in sa~d note, then t6e mort~jagee may perfam the samg, and all expendit~res (iaclading reasoaable attorney's fees) made by the mortgagee in so doing shell dra~v iaterest at the rale set forth iu tLe nate secured hereby, and shall be sepayable immediately and aitbwt demand by the mortgagor to t6e mortgegee, and, together with iatecest and costs accrning ; tbereon, shall be secured by this modgage. 4 13. that tbe mailing of a~vritten adice ar demandaddcessed to th~ owaer of record of the matgaged premises, or directed to the said a~vner_ at the last address ectuelly furais6ed to the matg,egee, or directed to said otivaer $t . ~ said mortg,aged premises, aod ma~led by tbe United- States mails, sl~all be sufficieat notice and demsad in any case arising under tbis instcnment and reqnired bq the pravisions heceaf oc by laMr. - " 14. The mortgagoc covenants and agcees tbat ao loag as this mat~ge and the said note secnied hereby are ias~ued nnder tbe provisioos af t}~e Natia~al Housi~:Att, he will not e:ecute ai fil~' for recoE~d~any~ instrument w6ich impo~es a reshictioa up~ the sale oc occupency of the mortpged property on tbe basia of rece. cola, or creed. Upon any violaiioa.of this undertaking, the mortgagee may, at its option, declare the napaid balance of the debt secured heteby immediately due and payable. ~ 15. The mortgagor fnrther coveaaats that should this moctgage and the aote secnred hereby not be eligible fa ins~uance nnder the Natiooal Hoasiag Act aithic ~'rhiity Llap~ from the date 6ereof (written statement af any officer af the Department of Housing. aad Urban Developmp~t or a~#hocised agent af the Secretary of Haes- ing and Urban Ikvelapmeat dated subseq~t to t6e ~7 ya?~ tia~e fron the date ef thi~ ~aortgage, decliaing to insurt seid nde sind this m«tgage, being deeawd conclnsive proaf oE anch ineligibility), tLe a~ortga- gee « the holder af the note mey, at it~ aption, declare all snms secnred beceby immediately due and payable. ~ The covenants herein cartaiaed shaU bind, aad tbe benefits and advantag~es shall inure to, the nspective 6eirs, es~cntcas, tdmiaistrators, suocessa~s, snd assigps aE t6e parties 6~eto. W6eaever used, tbe singular nvm- ber s6at1 inclnde dre plucat, tbe p2nral tbe siagulsr, aad the use oE aay gander shall iaclude all genders. i 0 ~ ~18~ ~1556 ; . . . ~"~=-~5- - - - - - _