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10. A~y e:c~ss tu~ds ~ccwoulated aod~e (b) o[ ~y' pt~cedia~'~ta~~A eesatutn` aft~~ p~pmeat ol tb~ itea~ We~ein ~nentioned.
sb~U 0~ cr~dtted to s~bspwat sooWl~ pa~ents ot tb~ sar aatur~ nqulr~d tlNreuader; but. it ~ar sncA ltes shall e:ceed tb~
e~ti~t~ tl~eertor tb~ sort~~`or sh~il withont d~mand fortAwlW ~ak~ sood ths d~(1ci~acr. Fallun to do so betare tbe dw d~b ot
~acA it~ ~h~tl M• d~t~nlt h~euader. Ia c~s~ ot tumiaatloa ot tM Contnct ot Yoct~n Luuraace br pnp~ymeat ot tbe moct~~
jn [uL, or otlwewLe (e:cept ~s MeeindtK pcovided). ~cc~ul~tion~ uade~ ot tb~ as:t P~ecedla` P~+~~Pb b~~eot aot ~eQuired
to oe~t p~~eats dw noda~ the Contnct ot Moet~a~ IosunAC~. shaU be credlted to the mat~Qar. U tM pwp~rty is sold und~r
tor~closnh or is oW~ewls• ~c4?ired by tbs mortp~+s atbr d~f~ult. aor ~tmalain~ b~l~nce ot th~ accusulatioos under (b) of the
wst pe~c~die~ pae~p6 s1~U b~ ce~dlbd to th~ priaclpal ot fb~ so~tpp as of t6~ dab ot the commeac~ment ot [anclosur~ pro-
cwdlap ~ as a[ tbe d~t~ tAe proqet~ L oNNewb~ ~cauir~d: aod ~ccumulallons m~de~ tMnot s6~U b~ 11k~wL~ crtdited uo-
4~s tpuh+d to p~r s~s dns tbe Sec~etaq ot Howit~ ~od Urbaa Dewlopsei?t nader t6e Contnct o[ Yort~sp lasnnace;
11. 'I1rt lt wiU y~r ~II tash, ~ssessMaU. w~t~r e~te~. sod other ~o~eremsotal or a?w~lcip~l char~es. tlnss. or Lsposltions. tor
whLch provLioa Ivs aot b~eu m~d~ b~ pqo~ob ~s heerinbttore pw~ided, and in de[oult thereot tbe mortp~ee mar p~~ tbe same;
aod that it wiII ptooptb d~liwr th~ ot[iciat nceipt~ thehtor to tbe matp~~e; -
12. 'lb mort~~se shall baw tlr ri~t to q~ aartpp inwr~nc~ promiams to the e:teat t6e same. aee aot pwvided tor by p~y
ments wde 0~ tM eoctp~ot ~er snpP~R~Pb (a) abo~e; -
13 'Tlrt it wiII p~rsi~ coo~it. ar snf[~r ao w~~t~. 1mp~i~sat, ar d~tariontlm ot said pwperqr a.or p.~c ~n.~or; ~nd ln W~
e~ent ot tM hilars ot tbs sa~t~a=oe to keep tbe bnildin~s on s~W promises aad Wose to be erected an said pcemise~. or lmpeove-
o~nts tl~os. ls ~ood np~ir. the sortp~es o~y m~b snch rtp~in •s in its discrttlon it ma~ deem necesury tor tl~e pcoper pres-
~e~atiaa tb~a[. ~od the tnA aeo~at ot ~ach and s~er~ aoc6~ p~pm~ot ~11 be ismediatsly due and p~y~bL. ~nd ~ball M sec~md
br tbt Wa at dds ~ortpp: • ~
14. Tlrt it will p~~ all ~ad sin~ol~r tlN co~ts. c6~rses ~nd e:penses. laclndia` re~sawble lawper's tees. ~ad casts ot abstr~cts
ot title. ieaured o~ p~ld ~t aa~ tLne b~ the mort~a~ee because ot tM f~ilure on tbe part ot We mortQa~or promptly and tuU~ to pee~
toem tl~e apeesants and coveoaab ot sald prosissor~ oob aad this mat~~ee, aad said costs. c6ar~es. and e:peases s6~11 be im•
mediatel~ do~ aai payaple ~nd sball be secured b~ tM liea of fbL mortp~e:
15. T6at tbe iopro~resent~ ~bont to be sade upou the premiss~ above descrlbed u~d •il plans aad specitic~tions coopl~ wlth oll
m~miclp~l ordin~nce~ aod re~uLtloas sade or pramulQated b~ Lwful autAoritp. and that We tame wlll upon completion camplr writb
ali such mvaicipl ordioaaces ~nd re~Ltlons ~nd with tt~e rules o! the fire ntln~ or inspectioa o~misatioa, bnrau. as~ocLtioo
or oHice; .
16. Yartp~oe coveoanb and •~eeees t~t so lm~ as lhis mon~i~e and tee sald aote secured Aereb~ are lnsuced oc 6eld br tbe
Secrew~ of-Hwsin~ and Urban Developoent under tLe provisious of tbe N~tlooal Hoaoina Act, It wlli not e:ecate or fUe t~ reco~d
~nr instrument w6icb imposes • reatrictlm upon tl~e s~le or occup~ncr ot fbe mort~~ed pwpertr on theb~ais ot race. cotor or cceed;
1~. In tl~e e~eat ot anr detaalt oo fhe pvt aE the ~oct~aeoc 6ereunder. the mortp~or .~ees to p.r to the mQrc~.~ee on demand
as • reasoo~ble monthl~ reat~l far tLe peemises ~a amonnt ~t 1ea~t equiwleat to ooe-twelfth (1/12) ot We ~~e~ate ot the 12 mont6-
Ir instail~ents p~rab3e in We thea cu~rent ~reu plus t6e ~ctwl amant of tbe amwl ta:es, ~ssessments. w~ter ntes. ~ad insu~?
ance premiums tor such ~eu aot co~ered b~ t6e ~fores~ld moatbl~ p~~meats;
18. l~t ln tbe e~ent o[ def~ult in makins a~ monthl~ p~~ment pro~ided for bereln or in t6e note secured Lereby, ~nd if such de-
E~ult L not made eood pdor to tl~e dne date ot t6e ne:t such IosLllment, or ia the event o[ a breach of ~ny otber stipuLtloas, a~eo-
menb. cmditims ~od careoanb of WL mort~~e: tben la ~ither or ~nr snch event, ffie sazd a~epte swn meMianed in said aote
tben raoalnin~ mpaid, with interest ~ecHed to that tise, aad all mooe~s secured bereb~. shall becofe due and p~~~b3e Iorth~rit6,
or tbereaRer. ~t the optiat of s~1d martpQee. as tnll~ wd completely ~s it all o[ t6e said snms of mmey were al~iaall~ stlpnlated
to be~ p~ld on sucti d~r. anrt~ias in said note or ia this mort~Qe to, t6e coatr~q notwithst~ndLt~; ond tberenpon a there~tter, at tLe
option ot said aort~a~ee, wlthout notioe or dam~ad. snit ~t law or In equiC~, m~~ be prosecuted as it all soneys secnred heeeb~ had
matared pdor to its iastitotloo. 'Ibe oortp~ee a~~ [asclose Wis mortp~e. as to the auwmts ao decLeed dae and p~yable. ~ad the
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; s~id premises s6a11 be sold to satist~ ~ad p~~ the ume to~et6er wlth costs. e:pensas, ~nd allowances; ia case ot p~rtial toreclo-
sore of thIs mortpQe, t6e moetpQed premises ahall be sold subject to tbe coatinuiaQ liea o! thls mortga~e tor the amoant oE tbe debt
not tbea due and unpeid. In snch cue tLe provisions ot this pw~ap6 m~~ ~Qain be ~~~i1ed ot t6ere~fter from time to time b~ tise
i mort~~tee;
' 19. 'I~t t6e mortpgor will give immediate notice b~ mail to tbe mortQ~~ee of any Eire dama~e or other c~sualt~ to the pem-
ises. or ot an~ conve~ance, tr~ns[er. or change of ownership of the premises;
~ ZQ '17rt no w~i~er otan~ crn+enant 6ereie ar of tbe obligation sccarcd 6eceby shall at anr time thereafter be held to be a aaiver
f ot t6e terms beteot or o[ tbe note seaued hereby; '
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( 21. 11ut all p~~ments made b~ tbe mortga~ee to remed~ a detault br t6e mort~a~or as aforesald(iactudLi~ rcason~ble attomey's
€ tees) sLall be ~dded to the debt secured br ffiis mo~t~ee aad shail be rcp~id to t6e mortgagee upon demaad. Any anch sum aud in-
~ tere~t tLereon aE tLe same rate as provided ia tLe note secured hercbr s6~11 be a lien ao the premises, prior to anr other lien atUc6-
in~ or aecrnie~ snbssqneat to t6e llen of t6is a~ort~a~e; •
~ 22. Th~t tLe mailia~ ot • written notice or demand addressed to ffie o~vner ot record of the mort~~~ed ~remises. or directed to
tbe sald awne~ at t6e last address actwll~ furnis6ed to tlie mortpgee, ar directed to a~id o~rner at said mort~aQed premises, aad
~ mailed b~ t6e Uoited States maib. shaU b~ suftulent aotice and demand fn ~n~ c~se arising under this iastraa~nt and required br
the provisioas heno[ or b~ law;
~ ~3. 11ut f6e sort~aeor will not ~oluaUrily create or permit to be cn~ted ~~inst t6e propert~ subject to thla moet~~e anr llen
~ or llens- foferior a snperior to tbe 11en ot Wis ~ort~a~e and turther tLat it wili teep and maiatain the same free trom the claim of all
~ persons snppl~ 4bor or materials wdich wili enter into the coastruction ot an~ and all buildin~s now beia~ erected or to bc
~ erected aa said prqaises;
~ 24. Th~t the funds to be ~dv~nced 6erein ~re to be nsed'in tbe coaswction oi certain improvements ou We land hercin described,
E in aecadance witb • b~Wdia~ loan •~eemeat bet~reen t6e mort~s~or and We mort~a~ee dated Ocfober . 19 ~j~, ahic6
= buildtos loan a~eement (e:cept such p~rt or p~rb tbereof •s ma~ be incoasistent herewitl~) is iacorpor~bd hereln b~ refereace to
~ the same eztent ~nd e[[ect ~s it full~ set ~orth ind made a part o[ thL Qoct~aQe: ~nd it the construction of tbe impro~emeab to be
~ made pucswnt to s~id M~i1dln~ loan a~eement shall aot be carried on ~rith reuoaabk dill~ence. or sb~i! bedLcoatinued at any time
~ (or ~or rasoo oWer thaa strikes or lock-outs, ffie mortg~eee. ~[ter due notlce to tl~e mort~~or o~ ~nr snbsequent owner, Is hereb~
~ invested ~vith full ~nd complete auWority to eater upon the s~id premises. employ w~tclmen to protect such impwvements from dep-
; redatioo or 1n;~r ~nd to pre~erve and protect tbe penooai propertp thereia, ~nd to coououe aay and all oubtandin~ contncb for the
s ercction ~nd completion o[ said buildio~ or bulldiaes, to a?~te ~nd enter into uir coatsacb and obli~ations wberover oecess~.
t either In ib own oame or in the aame ot the mort or, ~ad to
pg p~r ~nd disc6~r~e ~It debts, obli~tioes ~ndiLbilitles incurrcd there-
~ b~. All sncb s~as so ~dv~nced br t6e mortp~ee (exclusive o( advances ot the princlp~l of tbe indebtedness secured herebr) shall
~ be added to tbe priocip~l ot t6e indeMedness seenred hereby sad slul! be secured br this mortga~e ~nd sbali be due oad payable oa
~ dem~nd wit6 interest at tbe nte oE t6e s~me nte •s provided ie the note secured herebp, but no such advanees s6a11 be iasured ua-
~ kss s~me are specitiail~ •ppro~ed bp the Secrctar~ of Housin~ and Urb~n Devetopment •cting by and WrouQh the Fedenl HousinQ
9 Co~bsioner pior W tLe makin~ t6e~eof. Tbe prtnelql sum •od other ch~rQes provided [or 6erein shatl. at t6e option ot t6e mort-
• Qa~ee or holder ot t6ia mort~~e ~nd We ade secared bereby, become due ~nd p~yable oa the f~ilnre ot the mort~agor to.keep and
~ pertorm a~ ot tbe covewnts, conditioas, and a~eements o( wid bnildin~ lwn ~~reement. 11?is covenant ~hall be tera?inated upon
We completlon ot the lmpro~rements to tbe satist~ctlm of tbe mortp~eee aad tLe makin~ o[ the tinal adv~nce as provided in said
~ buiWia~ lwn a~eement;
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; 25. The coven~nts Mre~ contaiaed s6all bind, ~nd the benetits •nd adv~nt~ es shall inurc to, the rcs
~ pective successors ~nd
1 A
~ •s~i`ns at the p~rties 6ereto. wbenever wed ~~~lude the plur~l, the p m~ ,~use ot
~ Cender ~all lnclude ~L ~enden. •
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