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Home My WebLink About2925 . - -r S. That he will permit, commit. or su~ter no w~s~~~ "impait~pE.~ 01 detetio~ation ot se~d propetty or any part ihereo[; artd in the event ot the (ail~ue of the mottgegot to keep the buildin~s on seid premises aod tho~e tobe erected o~ Faid premises. or improvements thereon, i~ good repair, the mortgagee may m~ke such rcpaics as in its ' discretion it awy deem necessory Eor the p~oper preservation thereot. and ~the tull amouot ot each aod every such poyme~t shall be immedietely due and payable, and shall be secured by the lien oE this mortgage. 6. That he will poy all ond si~gula~ the cvsts. cha~ges. and expenses. including ceasonable tawyer's tees, and costs of abstracts ot title, incurred or paid et eny time by the mortgegee .because of the failu~e o~ the pert ot the murtgagoc promptly and tully to perfocm the eg~eements and covenants of said'ptomisaory note and this mott- gage, and said costs. charges, and expenses shall be immediately due a~d peyeble and shall be secured by the lien af this mortgege. _ 7. That he wilt keep the imp~ovements now existing or hereattec erected on the moctgaged pcoperty. insured as may be required fwm time to time by the mortgagee egainst loss by E[re and other hazards, casualties, and contin- gencies in such amounts and [ot such periods as a~ay be requlred by mottgagee. aad will pey promptly. when due. any F?remiu~ on such insurance for peyment of which provision has not been made hereinbefore. All insurance shall be canied in compenies epproved by moKgagee and the policies and renewals therQ,Qf shall be held by mort- gagee and have attached thereto loss payable clauses in favw of and in fo~m ecceptable to the mo~tgegee. In event of loss he will give immediate notice by mail to mortgagee. and mortgagee may a~ake pcoof of loss if not made promptly by mortgega. and each insurence compeny concerned is hereby authorized and directed to meke payment for such loss directiy to mo~tgegee instead oE to mort~agoc a~d mortgagee jointly. end tfie insurance pro- ceeds. or any pact theceoE. awy be spplied by matgagee at its option eithe: to the reduction of the indebtedness hereby secured or to the restoration or repaic oE the property damaged. Ie event of foreclosure of this mortgage or oth~r transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right. title, end interest of the mortgagar i~ and to any insurance policies then in face shall pass to the purchaser a grantee. . 8. That the mortgagee may. at any time pending a suit upon this mortgage. apply to the court havi~g jurisdic- tion thereaf for tl~e _appointment oE a receiver, and such court shell forthwith ep~o~t+~ receiver of the pcemises covered hereby all and singular. including ell and singular the income, profit~~tssws.~~~d revenues from whatever source derived, each and every of which. it being expressly understood. is hereby moctgaged as it specifically set . forth and described in the granting and habeadum clauses hereof. and such receiver shall have all the broed and effective tunctions and powe~s in a~ywise entrusted by a court to a c~ei gr. and such appointme~t shall be made by such cou~t as an admitted equity end a matter of ebsolute right to'aai ~nwt~a .~1i hout reference to the adequacy or inedequacy of the value of the property mwtgaged or to the ~olvency~ ~~~cy of said mortgagor or the defeadents, and that sucb rents. profits. income. issues, and cevenues slw~•ba.~~ied by such receiver ' accwding to the lien of this moctgage and the practice of such coud. 1h the eveat .of .a~y?~ default on the part of the mortgagor hereunder. the mottgagor agcees to Qay to the mortgagee on ~demand. as a'teasoneble monthly rental for the premises en amount at least eqµivalent to oae-twelfth (1/!2) of tl~e aggregate `of `Me twelve monthly install- ments payable in the then current year plus the actual amount of the annual texes. assessments. watec rates. a~d insurance premiums for such year not coveced by the afocesaid monthly peyments. 9. Th~t (aJ in the event of any breach of this mortgage or default on the pad of the modgagor; or (b) in the event that any of said sums of moaey herein referred to be not pcS~mptly aad fully paid without demand or notice. or (c/ in the event that each and every the st'ipulations. agReemeets. coaditions, and covenants of seid note and this mortgage. are not duly. promptly, and fully perfora~ed; then in either oc any such event, the said aggregate sum mentioned in said note then remaining unpaid. with interest accrued to that tia~e, and all moneys secuced hereby, shall become due and payable forthwith. oc thereafter, at the option of said mottgagee, as fully and com- pletely as if all of the said sums of money were origiaally.stipulated to be peid on such day, anything in said note or in this modgage to the contrary notwithstanding; and thereupon or thereafter, at the option of said matgs- gee, without notice or demand, suit at law or in equity. may be prosecuted as if all moneys secured hereby had matured prioc to its institution. The mortgagee may foceclose this mortgag~, as to the atnount so declared due and ' payable. and the said premises shall be sold, to satisEy and pay the seme together with costs, expenses,and allow- ances. In case of pertial foreclosure of this mortgege. the mortgaged premises shell be sold subject to the con- ~ tinuing lisn of this moctgage foc the amount of the debt not then due and unpeid. In snch case the provisions of ~ this paragraph mey again be svailed of thereafter from time to time by the m~tgagee. ; 10. That the mortgagoc will give immediate notice by mail to the modgagee of any conveyance, transfer, or ~ change of ownership of the premises. ~ 11. That no waiver oE any covenant herein or of the obligation secured hereby shall at any time thereafter be held to be a waiver of the tecros hered or of the note secuced hereby.' ~ 12. That if the mortgag.or default in any oE the covenants oc agreemeats contained hecein. or in said note, then the mortgagee may perform the samg. and all expenditures (including reasonable attaney's fees) aaade by the mortgagee in so doing shall draa interest at the rate set fath in the note secured hereby, end shall be repayable immediately and ~rithout demand by the mortgaga to the mortgagee. and, together ~rith interest and costs accruiag thereoa, shall pe secu~ed by this modgage. 13. that the mailing Qf a written notice a demand addressed to the owner of record of the mortgaged premises. or directed to the said aivner at the last address actaelly furnished to the mortgagee, o~ directed to said avnec at said mortgaged pcemises, and mailed by the United Stetes mails, shall be sufficient notice and demand in any ' case acising under this instcument.and required by the provisioos hereof oc by law. 14. The mortg,agor further covenaats that should t6is matgege and the note secured hereby aot be eligible ~ foc insucance under the Natiaaal Housing Act withia ~~?~;i fcom tbe date hereaf (written statement ~ of any officer oE the Depadment of Housing end Urban DeveloQment or authocized agent d the Secretary oE Hous- ~ ing and Urban Developaent dated subsequeat to~ the ~~,S ~ time Erom the date of this moctgege, declining to insnre said nate,wq~this mortgage. being deem~d coaclusive proof d such ineligibility), the mortga- gee of the holder d the note may. at its option, declare all sums secured hereby immediately due and peyable. The covenants herein contained ahall bind, and tfie benefits aad advantages shall inure to, the respective heirs, executors. administratois. successors, aad assigns af the pedies hereto. Whenever used, the singuler num- ber shall include the plurat, the plurat the singular, and the use of any gender shal! include ell gendecs. ~ _ . _ _ _ _ - . ~