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S. That he will permit, commit~ or su[fet no waste. impei~ment~ a deterioration oE said propedy o~ ony pact
thereof; and in the event of the [eilure of the mortgagor to keep the buildings on said pcemises aad those tobe
etected on sa~ pcemises. or impcovements thereon. in good re~air. the martga~ee may make such repatrs as in Its
discretion it awy deem necessa~y foc the proper preservation thereof, and the tull amount of each a~d evecy such
payment shall be immedietely due and peyable. and shalt be secuced by the lie~ of this mottgege.
6. That he will pay all and singula~ the co~ts. charges, and expenses. inclnding ceasonable lawyer's fees.
and costs of abstracts of title, incurred a paid at any time by the matgagee because oE the failure on the part of
the mo~tgagoc p~omptly and fully to perform the eg~eements and covenants of seid ~pcomissory note and this mott-
gage, and seid costs. charges, and expeoses shall be immediately due and peyable end shaU be secured by the
lien af this mo~tgage. .
T. That he wip keep the imprc~vemeats now existing or hereafter erected on the modgaged propedy. insured as
may be required from time to time by the moctgagee against loss by fire end other hasards. casualties, end co~tin-
gencies in such amounts a~d foc such periods as may be reguired by mortgagee, and aill pay promptly. when due.
any pcemiu~ on such insurance for payment of which provisioa has not beea awde hereinbeEoce. All insucance
shall be cacried in companies approved by mortgagee aad the policies and ~enewals thereof shall be held by mat-
gagee a~d have attached thereto loss payable clauses in favor of and in form acceptable tothe modgagee. In
event of loss he will give immediate notice by mail to moctgagee. and mortgagee mey make proof of loss if not
made promptly by mortgagor, and each insurance compeny ca~cerned is hereby authorised and directed to make
payment [or such loss direCtly to mortgagee instead o[ to matgagoc and moctgpgee joiatly. ~od the insurance pro-
ceeds. o~ any part theceof, may be applied by mortgagee at its option eithe~ to the reduction of the iodebtedaess
hereby secured or to the restoration or repair of tbe propedy damaged. In event of foceclosuce of this moctgage ot
other transter o[ title to the mortgaged propedy in extingnishment of the indebtedness secured hereby. ail right,
title, and interest of the mortgaga in end to any insurance policies thee in force shell pess to the purchaser a
grantee.
8. That the matgagee may. at any time pending a suit upon this mortgage. apply to the court havi~g jurisd'ec-
tion thereof foc the appointa?ent of a receiver. and such coud shall foKhwith appoint a receiver of the premises
covered hereby atl aad siagular. includiag all and singular the incoa?e. profits. issues~ and revenues from whatevet
source derived. each and every of which. it being e:pcessly understood, is hereby modgt+ged as if specifically set
forth and described in the granting and habendum cleuses bereof, and such receiver shall have all the broad and
effective fu~ctions and powers in anywise entrusted by a court to a receiver. and such appointment shall be made .
by such court as an ad~q~t~ed equity and a'~at(et ~ absolute right to said moctgagee, and without reference to the
adequacy or inadequecy of the_velde of t(~ prc~perty mortgeged or to the solvency ar insolvency of said mortgaga
or the defendents, and thst such rents. pco[its~ income, issues. and cevenoes shall be applied by such receiver
accocding to the lien of this moctgage ancl tfi~ practice oE such cowt. ln the event of any default on the pad of the
mortgagor hereunder. the matgago~ agrees to pay to the moctgagee on demand as a reas~able monthly rental fot
the premises an amount at least eq~ivalent to one-twelfth (1/12) of the aggregate of the twtlve monthly install-
ments payable ia the then cumnt year plus tbe actual amount of the annual taxes, assessmeMs. water rates. and
insurance premiums for such year not covered by the afocesaid monthly payments.
9. That (a) in the event of any breach of this mortgage or defeutt on the ped of the modgagor, oc (b) in the
event that arty of said sums o(<tuoo~yr~herein referred to be not promptly and fully paid without demand or notice.
or {~1 in the event that each aad ev~~6~stipulations, agteements. coaditions, and covenants of seid note and
this moctgage, are not duly. promptly, and fully performed; then in either ot any such event, the said eggregate
sum mentioned in said note then remaining unpaid, with interest accrued to thet time. and all moneys secured
hereby. shall become due end p~yable forthwith. a thereafter. at the optton of said mortgagee, as fully ar~d com-
i pletely as if all of the ssid sums of money were originally stipulated to be paid on such dey. anything in said
'i note or in this modgage to the contrary notwithstanding; a~d thereupon or thereafter, at the optioa af seid martga-
gee, withoat notice or demand. suit at law or in equity, may be prosecuted as if all moneys secuced hereby had
i matured prior to its institution. The mortgagee may foreclose this mortgege, as to the amount so declared due and
i payable. and the said premises shall be sold to satisfy and pay the same together with costs. expenses,aad allow-
; ances. In case of partial foreclosure of this mortgage. the mortgaged premises shall be sold subject to the con-
~ tinving lien of this mortgage for the amount d the debt aot then due and unpeid. In snch case the provisions of
this psregraph may ag,eia be aveiled of thereafter from time to time by the matgagee.
10. That the modgaga will give immediate notice by mail to the mortg,agee of any coaveyance. treasfer, a
change of awners6ip of the ptemises.
11. That no waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter be
~ held to be a waiver of the terms hered or of the note secured heceby:
12. T6at if the mortgagor default in any of the covenants oc agceemeats contaiaed hereia, or ia seid note, then
the mortgagee may perform the samg, and all expenditu~es (inclnding reasonable attaaey's fees) made by the
modgagee in so doing shall draw interest at the rate set fatb i~ the note secured hereby, and shall be repayable
immediately and without demand by the modgaga to the mortgagee, end, together with intecest and costs accruiag
thereon, shall be secured by this modgage. ~
13. that the mailing of a wtitten notice or demand addressed to the ownet of record o~ the mortgaged pcemises.
or directed to the said oweer at the last address actuelly furnished to the mortga~ee, or directed to saidaMrner at ,
said ~nortgaged pcemises, and mailed by the United States mails, shall be sofficient notice and demand in any
case arising under this instrument aad required by the provisioas bereof oc by la~r.
14. The mortgagor f~uther covenaats that should t6is mortga and the note secured hereby not be eligible
for insurance under the Natioael Housing Act aithin ~ Q~~ Erom the date he~ceof (written statement
~ of any officec of the Depa~tment oE Nousing and Urban Developmeat or aathaized ageat af the Secretary of Hous- _
~ ing and Urban Development dated subsequent to~ the ~(~Y$ time from the date of this mortgage.
~ declinin to insure said nde and this mort e, bein deem~d cooclusive oof of such iaeli ibiiit the moct a-
~ g BeB B Pr g Y). B
~ gee or the holder of the note may, at its oPtion, declare all sums secuced hereby immedistely due and payeble.
The covenants herein contained shall bind. and the bet~fits ead adventages shall inure to, the rcspective
heirs, executors, administrators, successors, and assigns a[ the padies hereto. Whenevet used, the singuler num-
ber shalt include the plural, the plural the singular, and the use of any gender shall include all genders.
~ ao~192 .73i
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