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5. That he will permit, commit. or suftee no waste, impai~ment, ot deteriotation ot said ptopecty ot any patt
thereof; and in the event of the tailure of the mortgagot to keep ihe buildings on seid ptemises and tbose tobe
erected on said premises, ot impro~ements thereon, in good repair, the mortgagee may make such repairs as in its
diaccetion it mey deem necessary tor the propet preservation thereo(. and the ful) emount of each aad every such
peyment shall be immediately due and peyabte, and shall be secured by the lien of this mortgege.
6. That he will pay all end singulat the costs. charges, aod expenses, including teasonable lawyer's fees.
and costs of abstracts of title~ incurred or paid at eny time by thr mortgagee because ot the failure ot~ the pert ot
the mortgagoc Promptty a~d fully to pe~torm the agreements and covenents of said promissory note and this mon-
gage, and said costs. charges, and expenses shall be immediately due and peyable and sheU be secured by the
lie~ d this mortgage.
7. That he will keep the improveme~ts now existing or hereafter erected on the mo~tgaged pcopevty. insured as
may be required from time to time by the matgagee against loss by fere and other hazards. casualties. and contin-
gencies in such amounts and for such periods as may be required by mortgagee, and will pay pcomptly. when due.
an~ p~emiums on such insurance for payment oE which provision has not been made hereinbefoce. All insurance
shall be carried in companies approved by mortgagee and the policies and renewals thereof shall be held by mort-
gagee and have attached thereto loss payable clauses in favor of and in form acceptable to the modgagee. In
event of loss he will give immediate notice by mail to mortgagee. and mortgagee may make proof of loss if not
made promptly by mortgagor. and each insurance company concerned is hereby authorized and directed to make
payment for such loss directly to modgagee instead of to moctgagor and mortgegee jointly, and the insurance pro-
ceeds, or any part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness
hereby secured or to the restoration or repair of the propedy damaged. In event of foreclosure of this mortgage or
ather transfer of title to the mortgaged property ia extinguishment of the indebtedness secured hereby, all right,
title, and interest of the mortgaga in and to any insurance policies the~ in force shall pass to the purchaser or
grantee.
8. That the moctgagee may, at any time pending a suit upon this mortgage. apply to the courthaving jurisdic-
tion thereof for the appointmeet of a receiver. and such court shall forthwith appoint a receiver of the premises
covered hereby all and singular, including all and singular the income, profits, issues. and reveaues from whatever
source derived, each and every of which, it being expressly understood, is hereby modgaged as if specifically, set
forth and described in the granting and habendum clauses hereof, and such receiver shall have all the broad and
effective functions and powers in anywise entrusted by a court to a receiver. and such appointment shall b~ aiaae
by such court as an admitted equity and a matter of absolute right to said mortgagee. and without reference to the
adequacy or inadequacy of the val~~e of the property mortgaged or to the solvency or insolvency of said modgagor
or the defendents, and that such rents, profits, income. issues, and revenues shall be applied by such receiver
according to the lien of this mortgage and the practice of such coud. In the event of any default on the part of the
mortgagor hereunder, the mortgagor agrees to pay to the mortgagee on demand as a reasonable monthly rental for
the premises an amount at least equivalent to one-twelfth (1/12) of the aggregate of the twelve monthly install-
ments payable in the then current year plus the actual amount of the annual taxes, assessments, water rates, and ~
insurance premiums for such year not covered by the aforesaid monthly payments_
9. That (aJ in the event of any breach of this modgage or default on the prart of the mortgagor, or (b~ in the
e~•ent that any of said sums of money herein referred to be not promptly and fully paid withou~ demand or-notice,
or in the event that each and every the stipulations, agreements, conditions, and covenants o[ said note and
this mortgage, are not duly. promptly, and fully performed; then in eithet or any such event, the said aggregate
sum mentioned in said note then remaining unpaid, with interest accrued to that time, and all moneys secured
hereby, shall become due and payable forthwith, or thereafter, at the option of said mortgagee, as folly and com-
pietely as if all of the said sums of money were -originally stipulated to be paid on such day, anything in said
note or in this mortgage to the contrary notwithstanding; and thereupon or thereafter, at the option of said mortga-
gee, without natice or demand, suit at law or in equity, may tse prosecuted as if all moneys secured hereby had
matured prior to its institution. The mortgagee may foreclose this mortgage. as to the amount so declared due and
~ payable, and the said premises shall be sotd to satisfy and pay the same together with costs, expenses,and allow-
~ ances. In case of partial forectosure of this mortgage, the mortgaged premises shall be sold subject to the con-
G tinuing lien of this mortgage for the amount of the debt not then due and unpaid. In such case the provisions of
; this paragraph may again be availed of thereafter from time to time by the mortgagee.
I, 10. That the mortgagor will give immediate notice by mail to the mortgagee of any conveyance, transfer, or
' change of ownership of the premises.
` 11. That no waiver of any covenant herein or of the obtigation secured hereby shall at any time thereafter be
~ held to be a waiver of the terms hereaf or of the note secured hereby. }
; 12. That if the mortgagor default in any oE the covenants or agreements contained herein, or in said note, then ;
~ the mortgagee may perform the same, and al~ expenditures (including reasonable attorney's fees) made by the }
mortgagee in so doing shall draw interest at the rate set forth in the note secured hereby, and shall be repayable ~
immediately and without demand by the mortgagor to the mortgagee, and, together with interest and costs accruing ~
t thereon, shall be secured by this mortgage. ~
~ 13. that the maeling of a written notice or demandaddressed to the owner of record of the mortgaqed premises, ~
ur directed to the said owner at the last address actually furnished to the mortgagee, or directed tc• said owner at
~ said mortgaged premises, and mailed by the United States mails, shall be sufficient notice and 9emand in any
; case arising under this instrument and required by the provisions hereof or by law.
~ 14. The mortgagor covenants end agrees that so long as this mortgage and the said note secured hereby are
~ insured under the provisions of the Nationai Housing Act, he will noi execute or file for record any instrument_
~.~•hich imposes a restriction upon the sale or occupancy of the mortgaged Property on the basis oE race, color, or
creed. Upon any violation of this undertaking, the mortgagee may, at its option, declare the unpaid balance of the
~ debt secured hereby immediately due and payable.
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' 15. The mortgagor further covenants that should this mo~tgage and the note secured hereby not be eligible
for insurance under the National Housing Act within ~ yay~ from the date hereof (written statement
of any otficer of the Department of Housing and Urban Development or authorized agent of the Secretary of Nous- ,
ing and Urban Development dated subsequent to the ~y ~iy~ time from the date of this mortgage, ~
declining to insure said note and this mortgage, being dec~tn?d conclusive proof of such ineligibility), the mortga- ~
gee or the holder of the note may, at its option, declare all sums secured hereby immediately due and payeble.
The covenants herein contained sha11 bind, and the benefits and advantages shall inure to, the respective
heics, executors, administrators, successcxs, and assigns of the parties hereto. Khenever used, the singular num-
her shall include the plural, the plural the singular, and the use of any gender shsll include ali genders. '
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