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S. That he wili permit. commit, or sufter no weste. i~npairment, or deteriorntion o( said propeny or any part
thereof; and in the event oI the failure of the mortgagor to keep the buildin~s on said premises and thase tobe
erected on said premises. or improvements thereon. in good repait. the mottgagee mey make such cepeits as in its
discretion it mey deem aecessary tot the pcopec pcesecvation thereof. and the tull emount of each ond every such
p~yment shall be immediately due and peyable. and shall be secured by the liea of this mortgage.
6. Thet he will pey ell and singular the costs~ char~es. aod expenses. inciuding reasonable lawyer's tees.
and costs of abstracts of title. incurred or paid at any time bythe matgageebeceuse of the [ailuce on the pert of
the mortgagoc promptly and fully to pe~fam the agreements erd covenants of said 'promissory note and this mat-
gage. and saed costs. charges. and expeoses shall be immediately due and peyable and shall be secured by the
lien o[ this mortgage. '
7. That he will keep the improvements now existing or hereafter ecected on the mongaged pcoperty. insured as
may be required from time•to time by the matgegee against loss by fire and other hasards. casualties. and contin-
ge~cies in such amounts a~d for such periods as awy be required by matgagee. and will poy promptly. when due~
any premiums on such insurance foc peyment of which p~ovision has not been made hereinbefoce. All insurance -
shall be carried in companies appcoved by mortgagee and the policies and renewals theceof shall be held by mort-
gagee and have attached thereto loss peyable clauses in favor of and in tocm acceptable to the modgsgee. In
event of loss he will give immediate notice by mail to matgagee. and moctgegee may makr proof of loss it not
made promptly by mortgagor. and each insucance company coecerned is hereby authorised a~d d'uected to make ~
peyment foc such loss dieectly to mortgagee instead of to mortgagoc aad matgagee joiatly. and the insurance prw
ceeds, or any pad thereof. awy be applied by mortgagee at its option either to the reduction of the indebtedness
hereby secured or to the restoration a repaic of the pcopedy damaged. ln eveat oE foreclosure af this moctgage or
other trans~er af title to the mortgaged prope:ty in e:tinguishment of the indebtedness sec~ued hereby. all right.
title. and interest of the matgaga in and to any insurance policies thea i~ face shall pess to the purchaser oc
grantee. -
That the matgagee may. at any time pending a suit upo~ this moctgage. apply to the court having j~uisdic-
tion thered for the appointme~t af a receiver. and such coart shall forthwith appoint a receiver of the premises
covered hereby all aad singular. including all and singular the i~come. profits, issues~ and revenues from whatever
soucce derived, each and every of ~rhich. it being expressly understood, is hereby mortgaged as if specifically set
forth and described in the gRantiag and habendum clauses heceof. and such ~eceiver shal! have all the broad and
effective functiats and poaers in enywise enirusted by a court to a receiver. and such appointment shail be made
~ by such coud as an admitted equity end a matter of absolute right to said mortgagee. and without refecence to the
adequacy or inadequacy of the valne of the propedy mortgaged oc to the solvency oc insolvency of said mortgagor
or the defendents. and that such rents. profits~ income, issues. and cevenues shall be applied by such receiver
according to ~the lien of this mortgage a~d the pcactice of s~ch court. In the event of any defeult on the pert of the _
modgagor hereunder, the matgagor agrees to pay to the matgagee oa demand as e reasonable montbljr rental for
the premises an aawunt at least eqpivelent to one-twelfth (1/12) of the aggregate of the twelve_ monthly instell- ~
' ments payable in !be't • cune~t,..yr~ar plus the actual amount oE the artnoal taxes. assessments.-water rates. and
insurance premiu~ns for~iich year nat ~qv~ted by the aforesaid monthly peyme~ts.
9. That (o) in tbe event of apy breach of this mortgege or default on the pact of the modgogor, or (b) in the
event that any of said sums aE moneyl~ei8in referred to be not promptly aad fully paid without demand oc notice.
or (~1 in the event ihat each and, every t6e st'ipulations. agreements, coaditioos, and covenants of said note and
this mortgage. are abt dnly. p[omptly, and fully pedormed; then in either or any snch event. the said aggregate
sum mentioned in said note th~e reaaining unpeid. vvith interest accr~ed to that time. and all moneys secured
' hereby~ shall become due and payable forthwith. or thereafter. at the optIon of said mortgagee. as fully and com-
pletely as if all of the apid~~~ iof money were originalty stipulated to be paid on such day. anything in said
note oc in this modgage tb ttie con~cary notvsithstanding; aad thereupon oc thereafter, at the option of ssid matga-
gee, without notice or demand, suit at law or in eqtuty. may be ptosecuted as if all moneys secnred hereby had
matured prior to its institution. The matg,ogee may fon~close this mortgage. as to the amount so declared due and
E payable, and the said pcemises shall be sold to satisfy and pay the same together with costs. espenses.and allow-
~ ances. tn case of partial foceclosuce of this mortgage. the mortgaged preuu~ises shail be sold subject to the con-
tinuing lien of this matgege for the emouM of the debt not then due and .unpaid. In such case the provisions of
this peragraph may again be availed of thereaftec from time to time by the mortgagee.
10. That the moctgagor will give immediate notice by mail to the mortgegee of any conveyance. transfer, a
change of awnership af the premises.
11. That ao waiver of any covenaat herein oc of the obligation secated hereby shel! at any time thereafter be
held to be a waiver of the terms hered or of the note secured hereby.~
12. That if the matgagor default in any of the covenants a agreements contained hecein, or in seid note, then
the modg,agee mey perfam the same, and all expenditu~es (including reasonable attaney's fees) made by tLe
mortgagee in so doing shall draw interest at the rate set forth in the eote secured bereby. aad shall be repayable
immediately and without demand by the mortgaga to the mortgagee, artd, together witb interest and costs accruing
thereon, shall be secured by this modgege. .
13. that the mailing of a aritten notice or demand eddressed to the owaer af record of the mortgaged premises.
or directed to the said o~vner st the lest address ectually furnished to the mortg,agee, or directed to seid avner at
said mo~tgaged •pcemises, and meiled by the United States mails, shall be sufficient notice and dea~aad in an'y '
case arising under this iustrument and required by the provisioas hereof oc by law.
14. The mortgagor further coveaants that shouW t~b~'s~Q(~~ ge aad t6e note secured heceby not be eligible
for insurance under the Natianat Housing Act within • jV YA» from the date hereof (written statement
of any officer of the Depattment of Housing and Urban ~v~t or authorized agent of the Secretary oE Nous-
ing and Urban Developmeat dated subsequent to~ the tiine from the date of this matgage.
declining to insure said aote and this mortgage. being deem~d caoclusive proof af such ineligibility), the modga-
gee or the holder aE the note ma , at its option, declare eU S~s secuted her~by immediately due and paysb~e.
The covenanta herein coe~~ined ahail bind, and the benefits aad advantages s6a11 inure to, tbe reapective
heirs, executors, administcators. succesaacs, and assigt~s d tbe portiea hereto. Whenever used, the singular num-
ber shall include the plural, t~e plural the singular, and the use of any gender shall inclnde all genders.
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