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Home My WebLink About2128 ~ • ' . • ' S. That ~~!~I ps[~l~t.~comu~it, ot sutfer eo waste. ia~poinaent. a~ detecioratioo ot said ptopetty ot aey pp~t thereol; aad in the ~+vrnt of t~lie ~t~iluie ai 'tf~ ~qrt~o~ ~Ae bviWi~ oli said~ pee~qis~s apd t6~.~o be erected oe said premisea. or improvemeets~l~tegA~ }A 6ood~. p~e moetQa~ee may nwke such ceprirs as ie its discretioa it Ny deew oecessaty fer the pcope~ p~ese~vation thereot~ a~ tfie tuli amount at each aed everyr such paYmeet slwll be immediately due ~nd poyable. and sh~U be sec~ued by tl~ lien of this moctgsge. ~ 6. That he will pey all 4ed singular t6e custs. charges. •nd expeoses. Including roosonable lawyer's [ees. aad costs oE abstracts oE title. incurred or poid at aey time by the owrtga`ee because of the failure on the pod oE the moctgag« promptly and [ully to pe~fo~m the agreements aed covenants oE said 'praaissory note and this mort- gage, aed said costs, charges. aad eYpeases shail be Imaiediately due and payable and shall be secured by the lien d this matgage. 7, Tlwt he will kcep the impcovements nwv exiatiag o~ hereafter erected oa the matgaged pcopedy~ insured as aay be cequiced Erom time to time by the matgagee against loss by fire and other hasards. casualties. and co~tin- gencies in such aaauets and for such periods as may be required by mortgagee, and will pey promptly. when d~e. aay pceiaiums oa such insurance for peyment of which provisioo has not been made hereinbeEoce. All insuraace shall be canied i~ companies appcoved by matgagee and the policies and renevvals thereof shall be held by mat- gagee and have attached thereto loss peyeble clauses in Eavor of ard in form acceptable to the moctgegee. In event of loss be ~rill give immediate notice by mail to moctg,agee. and moctgagee may make proof of loss if not made promptly by matgagor. and each insurance compeay concerned is hereby authocized and directed to meke peyment for such loss directly to moetgegee instead of to mat~aga and mortgagee joiatly. aad the insurance prw ceeds, oc any p~t thereof, msy be applied by moctgagee at it~ optioa eithec to the reduction oE the indebtedrtess hereby secured or to the restoration oc repair of the propedy damaged. Io eveat of foreclosure oE this mortgage oc other transfer of title to the mortg,eged propecty in extiaguishment of the indebtedness secured hereby, all right, title. and interest of the matgagar in and to any insurance policies then in force shall pess to the purch~ser or gtantee. 8. That the mortgagee a~ay. at eny time pending a suit upon this matgage. aPply to the court havin6 jurisdic- tion thered for tbe appointmeat of e receiver, and such coud shall forthwith appoint a~eceiver of the pcemises covered hereby all and siagular. iacluding all and singular the income. profits. issues. and reve~ues from whatever source derived. eac6 aud every of which, it being e:pressly nnderstood. is hereby mortgaged as if specificelly set forth aad described ia the grantiag aad habendum clanses heceof. aad such receiver shall have all the broad aod effective fu~ctions and povvers in anywise e~trusted by a co~ut to a receiver~ and such appoiatme~t sball be made by such coiut as an admitted equity and a matter oE absolute right to said mortgagee, snd without reference to the adequacy oc inadequacy of the valne of the Qropedy mortgaged or to tbe solvency ac insolvency of seid apt~goc or the defendents, and that such rents. profits. income, issues, end revenues shall be applied~'by sti~h receiver accading to thelien~of tbis 'Is~rtgagtand tii~-`pactice~ ~f:t~0 cdmrt. 'la~t~6e-evenrof aay~default~on t~e,p~of the • awrtgagor hereuQder. the mortgagor agrees to pay to the mortgagee oa demand as a re~soaable montbly ~eetel Eor the premises ~a amount ~t least eqpivalent to one-t~relfth (1/12) of the aggreg,ate of tl~ twelve monthlyln~tall- ments p~yable in the then current year plus the actual amount of tbe anRual taxes, assessments. water rates. aad insurance premiums for such year not covered by the afaresaid monthly payments. 9. That (o) in the event of -any breach of ihis nadgage or default m the pad of the moctgagor. or (b) ia the event that any of said sums oE money hereia referred to be not promptly and fully peid withont demand oldotice. or (~1 in the event that each and every the stipulation.s, agReemeats, coaditious, and covenenta of said note and this mortgage, are not duly. pcomptly, and fully performed; then in either or aay suc6 event, the said aggregate sum mentioned in said aote thea remaining unpaid. with interest eccrued to that time. and all moaeys secured hereby. shall become due and p~yable fo~thwith. oc thereafter, at the option af said matgagee. as fully and com- pletely as if all af the said sums of money wece ociginally stipulated to be psid an s~h day. anything in seid note a ia this mortgage to tbe contrary notvvithstanding; aad tbereupon or tbereafter, at the option of said matga- gee, withont notice oc demand. suit st law ~ in equity, rt~ay be prosecuted as if all moneys secured hereby had matuced prior to its institutiai. The moctgpgee may faeclase this mortgage. as to the amount so declared due and paysble, and the said premises shall be sol~, to satisfy end pay the same together with costs, expeoses.and allow- ' ances. In case of partial foceclosare of this mortgage. the mo:tg,aged pcemises shall be sold subject to the con- ~ tinuing lien of this mortgage for the amount of tbe debt not then due and unpaid. In such case the provisions of E this paragraph may agein be aveiled of thereaker from time to time by the matg,agee. i 10_ That the moctg,agor will give immediate notice by mail to the mortgagee of any conveyaoce. transfer, a chaage of awnership of tbe premises. . j 11. Tbat ao waiver of any covenant herein or of the obligation secured hereby shall at eny time thereafter be ~ held to be a~vaiv~ of the tecros hered or of the note secured hereby: 12. That if the matgaga default in any af the covenants a agreements contained herein, or ia said note, then the mortg,agee msy pedorm the samg, and all expendit~es (inclnding ceasonable attaney's fees) made by the mactgagee in so doing shall draw interest at the rate set fath ia the note secnced hereby~ and shall be repeyable immediately aad aithout demand by the moctgaga to the mortgagee, and, together with interest and costs accruing thereon, shall be secored by this mortgsge. ~ ~ 13. thet the mailing of a written notice a demaadaddressed to the owaer oE record oE the mortgaged premises, oc directed to the said arner at the last address actually fornished to the matgagee, or directed to said oovner et ~ said modg,aged pce~aises, and mailed by the United States mails, shall be sufficient eotice and demand in any case arisiag under this instrument and required by the provisions heceof.os by law. 14. The mortgagor further covenants t6at should t~is moet a e au~ the note secured hereby not be eligible a for insurance under the Natioaal Housing Act arithia from the date hereaf (written stetemeat ~ oE any oEficer ef the Depadoeat of Housing and Urban Developmeat or a~horized agent aE the Secretary of Hous- ~ ing and Urban Development dated subsequent to~ tbe ~~Y$ time from tbe date of this matgage, ~ declining to insure said nde and t6is mortgage, being deemed caoclusive proof d such ineligibiUty), the mortga- gee pc the 6older af the note mey, ~t its optioa, declare all suma secured hereby immediately due and payable. ~ Tbe covenaats 6et~iw cantf4jned shall ~ind, end the benefits and advantages sball iawe to. pec + ~ tbe res tive ~ heics, execntas. administrators. successors; ahd'a~1gRS d tbe:g~ ies hereto. Whenever used, the singular ~um- ~ ber sliall incinde the.plural, the plural the singular, and tbe use of any gei~er s!ilil-include all genders. ~ ~ ~ ~ ~ ~ ~ ~ ~ 1~9 ~2i~i ~ ~ ~ ~ ~ - - _ s~ ar ' ,L ~ ~ a~ ~ E~ ~ , _ - ..~Y,~~'_7~tw„~`~ . _ ~