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Home My WebLink About0770 . ~ ~ ~ iw S.~ TMt M wiU p~rsit. ca~~it, o~ : R! , . a d~t~iot~tio~ af s~ld prop~Ky a iwy P~tt. ~ tMt~ci;.ari iR t~ Uv~~t d tM tdlw~t y~ot to ~iNlap ou aid p~is~s a~d t~ tob~ ~ ~ .~,cbi ~ s.M ~w~.s. or t , i~ ~ooa e.p.~r. w.atf.M...y ..1o.:rca r.p~ies .s M ies ~ ii~c~+tio~ i~~ Mc~saey tac tM peop~c ~rwRia~ tMad. ssd tla trll •eouet ct Ncb a~d ~v~ry ~u~~ ~ i1~nu M~ih~eU? d~ a~i p~y~Dle~ a~d sMti b~ s~cw~d by t~e lka ot t6~ aortp:e. -6. Tlrt M vill p~y aU a~d sia~utac tIK Cests. rAac~es. aad ~xpeases. Lcludlas n~saaable lawyec's taas. a~ costs af aMte~s aE ttti~. iwcrn~ ar p~id ~t a~y ti~ br th~ ~aetppe b~c~use af the tallm~e aa the p~d af p~y ud Erlty to patcr~ tl~t sp~s~oeAts aad coveoasts .af ajd proelssay uot~ aad this aat- s~ld . ch~e~es. a~d expe~ses s6~i1 b~ i~wedlitcty doe ~~d poyable and sball be secured by tbe liM at N~s ~o~t~i. ~ 7. T~t Ae wIU keep thc ~pca~ve~ets ao~r e~lstia~ a be~eaKer e~ected on the ~atB+ot~ P~~~h?~ Iasnced u s~ b~ epaind f~ ti~t to tl~e by tAe ~o~tp~ee ~piast loss by fir~ a~ atbec 6~suds. caswltles. aad contta- ~enci~s i~ s~cA a~a~Ms ard fo~ sucl~ petiods as My be esqni~ad bY oatptee. aad wiU P~Y P~Pth?. wben due. aa~ pe~s~~s ow s~k hsntuce for p~y~ed af wiiich peovisioa lws aot bees ~eade hereinbeEae. 1111 insucanFe sh.ll b~ t~c~ad i~ cc~p~sies aPPwvad b~? ~atpsee and t6e poljcies aud reee*r•Is chee~eoE sball oe held by eo«t- p~ee aud . have attached tbeeeto loss payable c4nses in f~var oE aad ia focm ~cceptable to tbe oat~gee. In cveat oE loss he will ~ive iasediate notlce bp a~il to ooct~a~ee. aad aort~~ee awy awloe pcoof af lo~s if not ~ade pro~ptiy by ~o~tp~. and each iasucaace caapany coocerned is heeeby author~ed aad dlrccted to. make p~yaeat far s~eb loss dieectly Lo ~atgagee insteod of to moctpgoc ~ad ooetpgee joiatly. aad tbe ins~nce pro- t~ds~ ot ~ paet tLe~aoE. oay be applied by aatgagee at its option elther to tbe rednction of t6e indebtedness bees~? ~c~ oc to tl~ t~staatioa a repoir d the pcopeety da~ged. Ia event d faecloeure ot this matgage oc ottiat tra~sfer af tltie to tlie ~oeti~~ad Propeety ia extin~uishoeat d tbe iAdebtedness secu~ed beceby. all right~ . tide. sod trta~est oE the soetpta 1a wd to a~r insuraace polictes tbea ia face shall poss.to the purchaser or , ~ S. Tlyt t6e ~a1~a~e Mr. at anY Uoe peadiag a suit upon this mat6r~6e. apply to the caut hoving jurisdic_ tioa tliersd for t6e appaiataent d a eeixives. ~ad such caut sb~ll foetb~rlt6 ~poiat e receiver of the premises coveted hRreby aU aal siagnlar. iaclndiag all and singaLr tb~ ioco~e. pcoElts. issues. and r~venues fcom wtwtever soucce derived. each a~d every of which, it beiag e:pessly nndetstood, ~is lieceby oortgaged as If specifically set EOItII illd dQSCiI~ l0 ~IIQ ~YD~1Ilt Yll~ II~HQ[I~YO clauses hereof; aad such receiver shell have ali the broed and effective inoctia~s and po~rers ia aeywise edtrusted by a cou~t o a r~ivec. and ~ncb appoiatmeat shall be made by sucb caut as an admitted equity aed a matter of absol~dte rig~t to said rortga~ee, aad without reference to the adeqwcy oc inadeqw.:y of the valuc of t6e propedy matgagcd ~iq~yency a iusolveacy ~ said-mortg,aga or the dtfendeaits. and that such reats. p~ofits. income. issues +i di~a sholl be applied ~by such receiver accocding to the liea of t6is mactgage and the practice of sach caut. la tbe event af aay defaalt on the pad of We mwtgagor heeeuader. the matgago~ ogrees to pay to the mort~see aa dteaal as a nesoneble moathly reatal for the -p~evises aa a~ount at le4st eqpivaleat to one•twelftbi (1/12) of tie a~te af the twelve monthly install- ments poyable in thc thea cnneat yeu plas the actusl amamt of tbe aannal taxes. assessmeats, ~vater rates. snd iasuraace pce~inms foc such year aot covered by the afocesaid monthlY paymeats•. ~ - 9. That fa) in tbt event of aay bc~ch oE this moctgage or defanlt aa t!~ ped af the mortgagor, or f6J in the event tbat aay ef said su~ of awney bereia referred to be aot proaptly aad fdly poid withoht demand or notice. ot (e1 in the eveM th~t each aad every tlre stipulatiass. ageee~s. coeditioos, aad covenaats of said note and this oatgage. are aot dnly. promptly, aad fully pecformed; then in either ar aay sucb eveat~, the said agg~regate su~ ~eationed in said note thea remaiaing unpoid. wiW intere:t aocrued to tlNt tiwe. aod all moeeys ~ecurad he~by. shall becwre due and poyable Eacthwit6. o~ thereafter, at t6e opti~ eE said ma~tg,agee. as fnlly aod com- pktely as if all of the said sums of money aete origioally stipulated to be ~id on such day, ~anything ia said note ac ia this oo~tgase to the coatrary aotwithatandiag; and theceupon oc thereafter, at the optioa of said matga- gee. vitho~t notice oc devand, suit at law or ia equity. may be pcosecuted as if all mooeys secured hereby had matucvd priar to lts. institatian. The ~ott~see awy foceclo~ this mortsage. as to the amount so declared dne ar,d paYabte, atd th~ sajd pteeises s~all.be sold to satisfy and Qay thc same to~etbec witb costs, e:peases.and allwv- aoces, ia case oE, putial foceclosace oE this mat~e, the a~at~iead Pt'a~ise~ sl~ll be aoW subject to the con- tinnias liea d thi: ~atsag~e for the a~ af the debt aot then due and nnpaid. In sacb case the pcovisions of this p~casr~ph wy apia be avaikd ef there4itei from time to time by t6e ~oatgagee. ~ 10. T6at ti~e ~atpga will g~ve im~ediate adice by mail to the moetgpgee of aay conveyance, transfer, a ~ c6ao~ aE arneiahip d t~ pcemises. _ _ ~ 11, Tbat eo ~raiver af ~y covenaat heeein ac of t6e obli~ptioa secuced 6aeby sh~ll at aay time thereafter be held to 6ea waivec of the teiss Leced « o[ tLs aote sscmed bereby. 12. 7'4d jf the oatg,~gor default in aay d the coveaants or ag~reemenb coetaiaad bereia, a ia said note, thea ~the ~wt~a~ee ~ay pedcco the samg, aad aU e:pendituces (inclnding rusaQable atta~y's fees) sade by the ~agee in so doing sbaU draw interest at the rate set fath is the note secored 6ereby, aad s6a11 ba repayable i~ediaUelr and sitbout deoand by t6e matgaga to the mo~teagee, and, toget6er witb interest aad costs accruing ~ tbereoa, shall.be secmed by this mortgia`e. 13. t~ai tLe ~iling af a writtea aotice or demandaddcessed to the owaer of cecocd of the moct~aged premises. o~ directed to the s~id awaer at the last -~ddnss +~ctnelly fnrnisbed to tbe ~atgpg~ee, a dlrected to said awuer at said roet~B~ed P!~e~ises, aed salled by tbe United States sails. sbaU be ~aEficienrt notice and deawad in any cas~ atisia~ naaar tl~s i~te~n~eat and ceqnieed by tbe pco~visicos hereat ot by law. 14. T6e ao~t~ar co~renanb and a~ees t6~t so loe~ as this ~oet~ge and tbe said note s~c~ued bereby are insured mdet tbe prowisieos af t6~ Nati~ae~l Housirig Act, ti~ will not e:ecute ac file foc tecatl aaq iastrument which i~poses a eestrictioe upon the sale or occupoacy af tLe matg,~ged pcopedy on the basis of race, cola. oc ceeed. l)poa a~y'vfolMtio~ d tbis undertakiag. t6e matg,agee may, at its option, dxlare the unpoid baleace uf tbe d~tbt sec~eed ~eeebp isieediately due a~d PoYable. 15. T6e ~oct~eor fa~tber covanants tlwt should this oact~pge and tl~e nate sec~red h«eby aot be eli~ible fce iasmaace aider the Natiaoal I#onsiog.Act withia ~ QAY$ froa ffie-date l~eseaf (written st~te~ent d any oHicer_ et tbe peput~ent oE Honsie~ aad Urb~e Dev~elopment a•uthorized agent d t6e Secretary d Hous- i~ ~ad Urb~a D~velc~paeet dated snbsequent to tl~e 30 (~YS tiase froa tbe d~te af this mort~,a;e. dcclining to_ ios~ said note and t6is ~oeta~e, beins deeoN~d cagclgslve pcqot d. sucb ineligibility), tbe natga- ~ee a t6e holda aE tbe note ~y, at its optiaa. declare al! ans~ secuc~d 6enby i~istely due aad Pay~ble. The covawnts 4ereia cooRained shall biod, and the benetib and ~dwMa~s s~ball innre to, the respecttve heits. e:ecntars. adoiaistratas. successas. aad ~ssi~ps d tbe p~tties i~eto. Reoevet used, the sio~nlat au~- ber s~all ioclnde tiie plwal, the pl~nral the singular. and the use d aay aader'ahall inclu~ ~11 genders. ~Q~ 1~ ~ .769 ~ _ . ~~J , - .