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Home My WebLink About2736 ~ .f . . ~ ~ t''~ L' . . 5. Tlwt M will pe~elt, caaeit. a sutt~ ao waste, iap~ica~at, or dN~ciantiea d pid pcop~ny or any put theeaot; and la ib~ twnt d tM i~llw~ af tbs wo~tpta~ to kttP tb~ 4ulldinp on sald pro~ia~s ~ud tkos~ tob~ e~ected~ aa s~id pet~aiaes~ oc iwprow~eats tbaeoa. in ~oo~i rep~i~, tb~ walN~ ~y ~ic~ sucb iep~irs as ia its dlscntiou It ~r d~s necessup ta tl~ ptopet paserwtioa tlie~eoE. ~ad tLe Enll swouM ot each aad eva~y sucb p~Yment sl~116~ iwnediat*ly dus ~ad ~y~ble. aad shall bt sscured by ~~e lieo of cbis eocc~a~e. 6. Tlwt M wllt p~y all aad sla~ul~ur ti~ cost:. clucps~ aad ~xpeases. ipciudiq~ eNSatabte 4wyer's Eees. aod costs of abshacts ot tltk, iacurred or p~ld ~t aay tiait bythe ~at~,a~te b~c~use ef the f~Ilure oa tbe paet ot the mort~~o~ ptowptly and tully to p~ttat~ tM ~pee~sats ~d coveu~sts af s~id p~oatssoey aete ~ad tbis aat- eaae, a said cests. cl~es, ud expeoa~s sle~ll b~ iw¦Ndjately dw tad p~yabl~ aat! shall be sacu~ed by the llen d thls aat~a~e. ~ . 7. 'I'1Mt he wiq keep the iopcaveo~eats now esistia~ ar be~es!'te~ eeected oa the watp~ad poops~ty. ias~rad as. may be cequl~ed how ttme to tlae by the aat~agaa aaaiast loss br f~re aod othes l~sards, casuahies, aad coatla- geacies jn such au~onats aAd for sucb periads as m*y be requlrad by ~so~t~~ee, aad will p~y p~ooptly, whea due. any premiums oa such iasuruxe foc p~ymeat of w6jcb pcovisioa has aot baea ~s~de heeeiabefoct. A~l tasuraace shall be carried in caspaniea appmved by aatptee aad tGe policies ~ad ~e~ewals tbeceof sball be iield by ~pat- gagee and have Attached tbeeeto loss p~yable c2auses ia favor of aa~ ia forw accept~ble to the aoet~agee, tn eve~t of loss he will give immed'ute aotice by m~il to ~nat~gee, aad ao~tgatee wy awioe pcod of loss if nat made promptly by matgagoe, and eacb iasucaaee cowp~ny caic:eeaad is heceby authai:ed and directal to make peymeat fa sucA losa ditectly to ~atgatae iastead oE to ooct~~cc aud rat~agee jointly. ~ad the iasucance pco- ceeds. a aay ptrrt theceoE. wy be applied by eoct~agee at its optioa eithat to t6e r~ductioa of the indebtedaess heceby secnred ar to the eeatocatlen a repair of the pcoperty daawRed. In eveat cf fo~eclesure af this m«tgage o~ ~ ~ other transfer of title to tl~e mwtg,t~ed pcopeety ia e:t~nguishoeat ef dK iddabtedness secu~ed lKCeby. all right. title. aad iatecest of ~ the meet~a~r in aad to aay iasutance policies thea i4 face shall pess to tl~ purchaser ar graatee. . 8. Tbat the matgagee ay. at au?y tioe peadiag a suit upoa this aatgoge. apply to the caut having jurisdic- tioe thereef for the appoietmeat af a eeceiver. aud such con~t slwll foethwith appoint a receiver of the qemises covered hereby all ~ad siagulu, iacludiag all and singular the iacoo~. p~ofits, issues. aad eeveaues from whatever source de~ived, each aad every of w6ich, it being e:pressly unde~stood. is hereby sat~ged as if specifically set fodh and desc~ibed ia the grantiag and Iw6endum ciauses heceof, aad such rcceivec stwlt hove all the broed aad effective fiu~ctioas and powers ia aaywise eatnested by a couct Lo a rec~eiver. aad sacb appoiatmeat shall be oade by sucb court as an admitted equity aad a matter of a6solute ~ig6t to said ooitgagee~ add withont reEerence to the adequacy oc ina~dequacy of t6e value of the prope~ty mort~,aged or to the solveacy oe insolveercy of said ooctg~agoc or the deteadcats. and tlwt such eeats._profits, income, issues, aad ccvenues sl~ll be applied by such receiver accadiag to the liea of this matg~ge aad the pract~ce ~ such caut. In tbe eveat af any default on the paet oE the mo~tgagor beceuadcr. the matgaga :grees to pay to the uaatpge~ oa deieaad as a~soa~ble mont6ly centel for the pcemises aa amouat at least eqqivaleat to oa~-twelftk (1/12) oE the aggrcg~ate af _the twelve aioothly iastall- ments peyable in tl~e then cuneet y~ac plus the actual aaonat of the annual t~es~~ntF~ watcr rates. and ins~uaace pcemiums foc such yeac aot caveced by the ataes4id eaoathty paysieats. ~ 9. Tlw~t ~a~ ~n cbe oveat of aay bcc~eh oE tA;s matgase ar d~faalt ca tlk pad of tLe aat~gar. or (6~ in the eveat that aay of said snms of money hereia rcfernd to be ad pcovptly and fnlly p~id ~ithc~6t daoaid~.or aotice. or (c) ia the eveat tbat each aAd evey the stip~l~tions. agree~aents. coaditioos, aad covenaats of said note aad this moctgage. ace not duly, promptly. aad fully perEocaied; theia ia eitl~ a anq such eveat. tbe said ag~eeate s~un . mentioned ia said aote tUea remaiaing uapaid, ~ith iate~est accrued to th~t tia~e. Qad all ~aoneys sec~erad heceby. shal! becoore dne ~nd payable fo~thwit6. ac tlKre~R~r, at the optioa of said matga~ee, as fully aad com- pletely as if all of tbe said sums of a~oney were o~igiaslly stipulated to be paid ou such day, anything in said note ae in this matgage to the contrary notwithstaadiag; s~ad the~eupon a tbe~eafter, at tl~e optian of said martga- gee. withaut aotice oc deaaad, suit at l~w a ia equity. may be pcosxntnd as if all aorieys secuced hereby had ' matured priac to its institutioa. The mat~gee may forecloec this matgage. as to the amount ao declared due aad payable. aad the said premises shall be sold to sati~fy aod p4y the same toQet6ec with co~ts. e:penses,and a11c+~r- ances. IA case of pqrtial foceclosaee of this moetgage, the m4etg~~ed p~e~ises sha~l be sold sabject to t6e.con- tinuing liee of this matgage fo~ Nk aaouM of tlK debt aot thea dne~ and nap~id. Ia snch case the pcovisioas of this pACegrap6 moy agaia be avaikd of theceafter fcom timt to time by the mortgagee. 10. Tlwt We matga~a.wll! give Loaiediate aotice by mail to tlre mortgage~ of aay coaveyance, transfer, « c6s~uge of o~vaersbip of -tl~e peaAises. 11. That ao waiver of any coveaant hereia a of the obliptioa sec~ued heeeby sball at any,time thgcgaEte~ be held to be a waivee of the terms herecf oc of the aote secured heteby, ~ 12. Tfwt if the matgaga defanlt ia any of the coveaaats a~ agteeoeats coatained lkceia. or ia said aote~ thea the mortgagee maY pedo~m the sao~, and a11 expeaditmrs (iacludia= ~soa~ble attaney's feea) oode _by the mortgagee ir~ so doing shall draw interest at the rate set faet6 ia the uote secueed~heceby. a~d shall be repayable immediately and witiaut deawad by the moetgagot to the moetgagee. and. together with iatecest aad costs accruiag thereon. sholl be secwed by tbis mortga~e. 13. tlwt the mailiag ot a written notice or deiaandaddressed to the owner oE cecacd af-the mortgaged premises., - or directed-to the satd owner at the last addcess actt~aQy ~oraished to tbe noetga~ee. oc directed to said aAne~ at said ~oct&a~ed Pee~ises~ and wved by the Uaited States ~ails, sball be ~~ficieut aotice aad demand ia any cas~e srisins uoder this isstrument aod ceqaicad by tl~ pcavisivas 6eeeof a by law. _ 1~. T1~e mortg~oc covensats and ~gRdes tbtt ~o loo~ as' tAi~ eatpg~ ~d tlie said aote secnred heceby are insuced uader the provisioas of tl~ National Housl~ Act. he wili ad e:ecute o~ file for recad aoy iastrument which impo~es a reatr~ction upoa t6e sate or occupoacr ef t6a m~etp~ed property on the basis af race. color, a creed. U~n any violatioo of tbis +wde~takia~. the matgasee s~y. at its optioa~ declare the uapoid bolaece of the debt secured hereby i~oedi~t~ly due and p~ysble. 15. The aortg~~ot t~utLe~ coveoaats th~t sba~W t6b ~atp~ aad the _ note secnred he:eby aot be eli~ible fo~. ins~uaace under the Natiao~l Housiag Act withia ~ y~ys - fw~ tbe date hereaf (wcittea statesent of any aKicer d the Deputment of Ho~sia~ aad Ucb~n Devel~t or autboc~ad a~eut of tbe Sacretary of Hous- ing sad Urban Developmeat dated subsequent to the~~ ~ time feoo tbe date d this~ inat~age. declining to iasnre said acte'and this ~aort~,a~e, beia~ dee~ cd~clusive proof oE such iaeli~ibility). tl~e mat~a- gee a the holaer aE tbe aot: aqy. at its optiea. dectue all sums secnred bs~eby ioos~di~tely due aad papble. The covsn~ats~ herela contain~d shall biad. and tl~e beaefits aad adw~atatias shatl tauie to, the etspective heics. e:~cutas. admlabtcatas, ~accesson. ae~d ass~~ns o[ the putks hereto. Rhernsva~ used. the sjngulat aum- ber shali inclnde tht plunl, tAe plural the singular. and the use of sny ~eAder sb~ll include oll aendeea. ~ ~?i~ ~~'~9 . ~ ~ _ ~ ~~¢~~.r-rn.y+cr',et ~F . ~ ~ ~rt'°^¢~'~xYt_c--y~' . ~ ^+w .v_• f`