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5. '1'hat he Mill pe~mit. coma~it, or sutf~ ao~. iisp~i~~ ~dttccia~tion oI said pwpetty or ~ny p~ct
thereot; •nd ie the event ot the [~ilure oE tM ~wtp~or to k~ep th~ buildi~s oa said p~~is~s aad tbose tob~
e~ected on s~ld premises. or impwvemeets thtreoa. ie ~ood rep~it? tlM ~aott~~ee a~y aNke sucb rep~Its w in its
discmtion it a~y dea~n ~ecessuy Ia~ th~ proper proseev~tia~ ibeceoE. ~ad the full •souat aI Mch ~nd everyr such
p~Yment siwll b~ ia?mediately due ~ad p~yable, ~nd shall be sec~ued by th~ liea oE this mo~tta~e. .
6. That he wlll poy all ~nd sln~ular tl~ ceats. chargias. •ad expeeses,"lncludia` caisonable tawye~'s fees. .
iad costs of abstwcts of.tltk. incune~'I or p~id at ~ay tia~e bythe mort~a~ee bec~use oi the t~ilure on the pod of
the awrt~aga~ promptly aad tu!!y to perfofm the a~caeiaeats ard coveaaats oE ssid'promissory note •ad this mat-
~,nge, aad sald costs. clw~ea. aad expenaes shall be ima~ediately dne aad poyable aal shall be securad by the
llea d tbis mo~t~a~e. ~
7. That he will keep the improvea~eats now existie~ a heees~fter erected on tbe mat~p~ed p~operty, iasuced as
~y be ccquiced from time to time by the mat~agee a~aiast losa by tire and othe~ hasards. casualties, aad coetin-
gencies ia such aawu~ts and fa such periods os awy be required by mortp~ee~ Ylld Mlll poy p~omptly. whea due.
any premiums o~ such Insuaace Eor poyment of which provistoa !ws not been awde heceinbeEae. All insuroace ~
shall be ca~ied in companies approved by wat~a~ee ~nd the policies oad renewpts thereof shall be held by mort-
gagee and have ottached theneto loss payable cLuses in tavor oE and ia tocm occeptoble to the mat~gee. In
event af loss he wil! give immedis~te notice by a4ai1 to matg,agee~ and a?o~tgagee aiay msk~a proof of loss if not -
made promptly by mortgagoc~ and each iasuroace compeny coi~cemad .is heceby authorlsed and d'uected to make -
peymeet foc such loss directly to matgo~ee Iastead oE to moctgagoc and matgagee jointly, and the iasurance pro-
ceeds. or any- part the~eot. nwy be applied by matgagee at Ita option either to the rednction of thc indebtedness
hereby secured or to the cestoration oc repair af tbe propedy dameged. In eveat of fo~eclosure d this mortgege or
other transfer of tltle to the mortg,~ged prope~ty in eatingnlshment of t1~e iadebtedness secured bereby, all right.
title, and interest of the matgpgac in and to any insurance policies then in force ahAU pess to tl~ puechaser a
gRantee. .
8. That the matgagee may. at any tlme pcnding a suit upa~ tbiS mortgage. ~pply to tbe caut havieg jucisdic- ~
tion thereef fa the appoiatment oE a receiver. aad snch court shall forthpith appoiat a receiver of the pcemises
covered heceby aU aad siagular. includiag all end siagulac the in~oioe. proEits, issues. and eevenues from whatever .
soucce derived, each and every ot which. it being expcessly undecstood. is bereby matgpged as if specifica~ly set
fodh and described in the grenting and habendum clauses hereof, ard such receiver shall l~ave all the broad and
effe~tive funcEions. and povvecs ia anywise eatrusted by a caut to a receiver, ~nd suc6 appointment shall be made
by such court as an admltted equity and. a Alatter of absolute right to soid mortgegee. aad rvithout reference~ to t6e
adequacy or iaadequacy of the value of the pcopedy moctgaged or to the solveacy o~ insolveacy of said matg,aga
or the defendents. aad that such rents. pcafits, iacome, issnes. aud revenuea slwll be applied by sucb~receiver
accading to thf _lien of this matgage aad tbe prectice d such caut. In thc eveat oE any default oa the pad of the
modgegor heredadec,;~he ~qattga~cr ag~eeg~o pay to the eaoctgpgee at deawnd as a re~sasable monthly rental for ~
the premises. an aawuat at ~east equivale6t~o oae-twelfth (1/12) of the eggcegate af the twelve monthly iastall- ~
ments payable in the then ~ytetnt; year' llus the actual amount oi the aanual ta~ces. assessments. ~rater rates, and
insurance premiums for such year nd covered bp the aforesaid monthly paymeats. - -
9. That (a) ia ~lie eveat of ,any bre~ch of t6is mortgage or default a~ the pait of the moitg,agor, or (b) in the
event that any of seid sums of awaey betein referred to be aot pcomptty and fully peid ~vithout demand or notice,
w(c) ia the event t6at each aad every t'he` stipulations. agreemeata. conditions, aad covenaats of said aote and
this moctgage, ere aot duly, promptly. aad fully perfocmed; t6ea ia either ac any st~ch eveat. the said agg~egate
sum ~mentioned in said aote thea remainiag uapaid, aith interest accr~ed to that time, and all moaeys secured
hereby, shall become due and payable fo~thwith, ec thereaRer, at the optioa of said matgagee. as fully aad com-
pletely as if all of~ the said sums of money were originally stipulated to be paid oa such day. anything ia said
note a ia this mortgage to tl~ contrary natrvithstandiag; and tbereupon ar tbereaftet, at the option d said mortga-
gee, without notice or demand. suit at law or in equity, m~y be prosecnted as if all maieys secured hereby 6ad
matured p~ior to its iostitution. Tl~e matgpgee may fo~eclose this mostg,~ge, as to the aa~ount so declered dne and
payable, and tl~e said premises shall be sold to satisfy and pay the same togetber with costs. expenses,aad allow-
j ances. In case of partial foreclosnre of this matg,nge, the mortgaged pcemises slwll be sold subject to the con-
~ tiauing liea of t6ia mortgage for the amount af t6t debt not then due and unpoid. 'Ia snch case the provisions of
~ this paragraph may ag,ein be availed oE thereafter from time fo time by the matg,agee.
~ 10. That the mortg,agat ~vill give. immediate notice by mail to the mortgagee oE any conveyaace. transfer. a
~ change of awnership af the premises.
11. That no waiver of any coveaaat herein oc of tbe oblig,ation secured hereby slwll at ~eny time thereafter be
held to be a vvaivec of the te~ms 6ereaf or of the note secured bereby.'
12. That if the aactg,ago~ defeult in aay of the coven~nts ar agteements contained bereia, ec in said aote, then
the modgagee may pedam the semg, and all espendit~ues (iacluding reasoaable attarney's feea) ~ade by the '
mortgagee in so doing shall dra~r interest at the rate set forth ia the note secured hereby, aad shall be repoyable
immediately end withaut demand by the nioctgagor to the matgagee. and. together wit6 Ltterest and coats accruing
thereoa, shall be secured by tbis modgage.
13. that the maiiing of a writtea ndice a demand addcessed to the oarner oE ceeecd of the matgaged premises,
or directed to the said owaer at the Iast address actuslly fnrnished to the mortgagee. a directed to said owner at
said modgAged pnmises, snd mailed by the United States mails, shall be snff~ieet notice snd demand in ady '
case arising under this instrument aad required by the pcovisions hereaf or by law.
14. The mortgagoc fnrther caveaants tlwt should this mat`,age aad the aote secnrcd hereby aot be eligible
for insurance undec the Natiaaal Honsing Act writhia 1'~$t~ L~~~_ fraa the date hereof (written statemeat
~ of any officer d the Depadment ef Nw~sing ~ad Urbaa Development or auRhorized agent af t6e Seccetary oE Hous-
iag and Urban Developaeat dated subsequeat to tbe Thitty l~ay's time Ewm the dote oE t6is matgpge~
declining to u?sure said aote aud this matg,~ge. beiag deea~d caoclnsive prooE ef such iaeli~ibiUty), tbe mortQr
gee a the holder af tbe aote may, at its option, declar~ all sums secwed 6eceby immediately due and {wyoble. ~
The covenants b~ein coatained shaU bind, and tbe beaefib aad advaata~es shall Iauce to. tLe respective
heirs, e:ecutors, administratas, successo~, and assigns of tbe padies hereto. Nfheaevec used. the singulu aum-
ber shall iaclude the plural, tbe plural the singulac, and t6e use of aay gender stwll include all ~enders.
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