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S. Thit he will pecmit. caaait. ot suttet. u~ ~r~ste. i~Y~lat. ar d~terioatioa of s~id pwpe~ty or aay p~d
tbereof; pnd ia the eveet ot the f~ilw~e of the wortN`or to Ic~ep the bu~ldiap oa said pee~isss iad tbose tobe
erected oa s~aid qe~aises. or ieprovemeats theeeoa~ ia ~oad eep~i~. the wat~~ee pay make sucb ~op~irs as in its
disce~etion it ny d~e~ necessuy fa tb~ prope~ p~seev~tioa tbec~aE. ~ed tbe [all a¦auat ef eacb and evecy such
p~YAaM sh~ll b~ ismediately due aad p~y~6k. aad sh+ill b~ secwed by the llea of this moct~a~e.
6. That 4s wtll p~y •Il and singular the costs. cbanes. and expenses, Includia~ reosonable lawye~'s [ees.
aad cost: of abstncts of titb, incureed ot p~id at any tlme by the siatga~ee because of tl~e failuce oa tbe po~t oE
~o~c~,.s« ~ty .~a t~tty :o ~~«w tbe ~a,ceeoents aad covenaats af said 'p~omissocy nate epd tAis mart-
~age. ~and aaid costs. clw~es. and e:peases sball bt ia~~nsdi~tely due aad poyable and sha!! be aecured by the
lien d t6is mort~a`e.
7. TINt be will kecp the iaipiovemeats uow existia~ a hcieaKer ecected oa the matgp~ed propedy. iasured as
nwy be requi~ed froa tla~e to time by the matgagee ~gaiust loss by fire oad othe~ hasuds. caswtties. and coatin-
gencies in such aoounts aad fa~ such pecieda as moy be eequired by ~aat~agee. and wjll pay promptly. when due.
any p~eauua~s oa sucb insucarice for poyAer~t of wbich peovision has aot beea a~ade hereinbetae. All iasurance
shall be caRied ia companies appcoved by a~atpgise aad the policies and renewols theceoE shall be i~eld by mort-
gagee and have attacl~ed thereto loss poyable c4uses In feva ot and ia form acceptable to the wat~gee. In
event of loss he wlll give i~mediate notiae by awil to a~atpgea, aad matgagee msy awloe proof ot loss if not
made p~aoptly by matgaga. and each insuraace company evncerned is hereby authccised and directed to make
poyment ta such lass dieectly to mortgo~ee instead af to mat~,aga~ aud matgpgee joiatty. ~ad the insurance pca
eeeds. o~ any put thareof, may be applied by eoetgagee at its option either to the reductiou oE tl~e indebtedness
hereby secueed or to the restoratioa ac repair af tbe propeKy daawged. ln event of foceclo~ure d this moctgage a
othe~ tansfec of title to the mott~ted pcoperty La eatia~uisbmeat of the iadebtedness secured bereby. sll right,
title, aed intecest af the matgraga Ia aad to any insurance policiea then in force shall poss to t!M purchaser a
gcantee.
8. That tbe matgagee ewy, at any time peading a auit upoa this matgage~ apply to the court twving jurisdic-
tion theced Ear the appoiatmeat of o recelver. and such caut slwll fathwith appoiat a receiver of the pcemises
covered bereby all aad siagalar. iacluding all and siagula~ the iacome, proEits, issues. and reveaues from wl~atever
source derived. each aed every oE which, it beiag exqessiy undecstood. is hereby mo~tgaged as if specific~lly set
EO[til 8~ dCSCtI~ 111 tlle gtYAL1Ag 81tfI Il6bCC~Y111 CIaYBlS IIC['lOI. end such recelver shall have all tbe broad and
effective Eunctioas aad powers ia aaywise entrusted by a caut to a receiver, and such appoiatmeat shall be a~de
by such court as aa admltted~ equity and a matter aE absolnte right to said matg,agee~ and witbout reference to the
adequacy or iaadequacy of the value of t6t pcopeKy moctgaged or to the solvency or-insolveacy d said mortg,agoc
or the defendents. aad tlut such ceats. pcofits, income. issues, ud revaaues siwll be applied by such receiver
accocding to the liea of this moctgage and the practice of soch cou~t. In the event of any default on tl~~~rt.of~tl~,
modgagor heceunder. the matgaga agrees to p4y to the matg,agee oo deawnd as a reQSaaoble ~oathly cen~l•fot -
the pcemises an amount at least eqqivalent to a~e•twelfth (1/12) of the aggceg,ate af the trvelve moatt~ly ~nsta~l-
meats peyable in the then current year plus t6e actual amouAt a~ the annual taues, assessmeats. wpt~ atea, sAd
insurance premiums fa such year od coveced by the afocesaid monthly peyaieats. ~
9. T6ai (a) in the eveat of any bceach of this a~oitgage or defanlt ca the part of the moctg,egor. ar (b~ in tl~ '
eveat that aay of said sums of money l~ereia referred to be aot promptly aad fully peid wit44ut d~~and ~ec aotice,
«(~J in the event that each aad every the stipulations, agreemeats. conditions, a~ covenants ot said aote and ~
this mortgage. are ~d duly. promptly. aed fully pedor~ed; tLea in either or any such eveat. the seid aggregate
sum meatiooed in said AO~Q ~ICR t@IOYIAIAg 110[lYld, ~vith iateeest accrued to t6at tlme; and all moaeys secured
hereby. shall become due and poyable fathwitb, a thereafter. at the optioa af said moctgagee, as fully and com-
pletely as if all of the said s~ms of money wete oti~inally stipulated to be paid ou such day, aayt6ing ia said
note or ia_tbis mo~tgage to tbe cantrary ndwit6standiag;_and t6eecupon oc t6eceaker. at the optioa af said mortga-
gee. without notice or demand. suit at law a ia eqaity, may be prosccuted as if all mooeys secuced hereby had
matured prior to its iastitution. Tl~e mortg~~ee may foteclosa thia matgage, aa to the emonnt so declared due and
payable. and the said premises shall be sol~ to satisiy and poy the same together wlth caets, expenses.and allo~v-
ances. In case of pwrtial faeclosure of this mortgage, the matg,aged premises slwli be sold subject to the con-
~ tinuiag lien of this aioct~,age for t6e amoant af the debt nd then dne aad unpeld. Ia aucb case the provisions of
` this poragcaph may egain be availod of thenaher from time to time by the mo~tgagee.
` 10. That the mortgsgoc will give ima~ediate aotice by mail to tbe mo~tg~gee oE any conveyaace. traasfer, a
~ ch~oge ~ awnersbip af tLe pcemises. - . "
~ 11. Thet ao waiver of aay covenant herein ot of the obligation secured hereby slwll at a~y time thereafter be
F held to be a waiver of the tenns hereaf a of tbe note secuced hereby: ~ -
lZ. Tl~at if t6e matgaga~ default in aoy cE tbe covenents a agteements contaiaed heceiri. oc in ~aid note; tben
the mwtg~gee awy pedocm the sam~. and ~11 expenditntes (iacludiag r~sonable attaney's fees) made by the
mortgagee ia so doing shs~ll draw intecest ~ the rate set farth ia-tbe nute secured lureby. and shalt be repoyable
immediately and without deroand by the matgagoc to the matgagee. and. together with .iatetest and costs accruing
thereon, shali be secuted by this mortga~e.
13, that the mailing of a writtea aatice a demandaddressed to tbe owaer eE cecad of the oartgaged premises.
ot directed to tbe ssid awaer at the last address actoolly Eurnished to the ~itgagee. or directed to said ownec at
said a?at~a~ed pceauses, and msiled by tbe United States mails, shaQ be sufficient adice and demaad in aa~ '
caae.arising uadec this iastruaeat aad required by tbt pcovlsioas heeeei a by law.
1~. '!'he oortg,rr~ot fiutbet cove~anta that shauld tbis oeet~Yq and the note secured I~by ad be eligibk
~ Eor iasucance under t6e Natia~al Housing Act within ~jb3Tlj ~7~ from tbe date 6eced (writtea atatemeat
' of an oUica d tl~e Oe
~ Y p~tmeat af Housias and Urbaa Developeent cr authorised ageat af tb~ Secretary d Hous-
~ ini aad Urbaa Dc~elopveM dated subsequeat to tbe time Erom tbe date af this ~ao~tg,~ge.
declinin~ to iasue~e said Ade aud this matg,o~e, being dee~~~~ve p~oof af snch iaeli~ibilitY). the ~eo~tga-
~ 6ee ar t6e 6older aE tbe aote may, at its optioo, declare oll ~ums secuted hereby i~mediately dae and poy~ble.
~ Tbe coveeants berein coatoiaed sbaU bind~ and tbs beaefib ud advAata~ sliall iauie to, ~ respective .
~ heirs. executors, sdmiaistrat«s, succesaas, and sssi~ns d the Ewrties hereto. INbeaev~ used. the siagular nus-
ber siwll include tbe plural, the plural the sin~ular, and tbe use of any ~eeder shall inclu~e all ~eaders.
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