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~ S. Th.~t h~ a~~ll pi•~m~t. cumm~t, ur suf(~•? na w.~ttc, ~mp:~irmenl, u~ detc~iorat~un of s:.~d pr~~~x•r~y o~ an~~ p~tt
then•uf, .~nd ~n ihc~ e~rnt uf thc• (ailiu~~ uf th~• mu~t~;a~;~~ to kec•p ihe bu:ldings un s.ud prem~sr~ atw! thuse tobe
errcti•d on ~aid ptrm~.e~, u~ impru~•~•me~ts thrrr~~n, ~n Kc.ud tC~kilf, thr mortgagee m.~y mai:e such repa~~s as in its
dise•~e~t~un ~t may derm n~~u•ssary [o~ the ptuE?ct pmse~t~utiun themo(. .~nd tht• [ull amount of ~•ach and every such
p:~~•mrnt shall be ~mm~d~ately due .+nd p:+~•ub(e, .~rtd ~haU be secuced by thr lien o[ lh~~ murigaKe.
l~ That he ~~•~11 Na~• a11 and ~~nKul.n the cuets, chu~ges, ~nd exprn~es, includ~ng ~easun.~ble lawyer's fees,
~~nd cu.tx uf abst~ucts uf tNlr. ~ncurre~d cx paid at any hme bythe mortgagee.becautie uf the (ailum :~n the part of
the n~urt~;agut ptompll~• .~nd fully tu per(.xm the .igreements und cot•enants of said ptum~ssory nae and th~s mort-
~.+~;e~. :~nd ~.~id custs, ch:~~~;~~s, :~nd ex{x•nses .hall be immediately due and ~:,~•able and shall be ~erurecl b~• thr
!u n uf thiti murt~;:,Re.
That he will ke~•p th~~ ~mpc.~~•~-m~•nts now~ existing u~ hercafter e~ected on the mortgaged ptuperty, insured as
may be reyuired frum time to t~me b~• the mortgaKee again~l loss b~• fice and othFr haz~rds, casu:+ihes, and co~tin-
};rncies in ~uch amuunts and fur ~~c:~ per~uds as ma~• be required by mottgagee, and will p:i~~ promptl~~, v?hen due.
an~• premium.~ on such insurance for p:+yment of which pru~•i~iun has noi bee~ made hereinbefore. All insurance
shull be carried m cumpan~~•s appro~•ed b~~ mu~l~aKee and the pol~cies and ~enewals the~eoi shall be held by mort- ~
K.+Ree and ha~•e att:~ched thereto lotis pa~•able clauses in fa~•or ~~f and in fu~m acceptable to the mortgagee. ln ~
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e•~•ent of luss he ~~~ill ~;n~e ~mme~Jiate notice b}• ma~l to mu~tgagee, and mortgaKce may make prouf of loss if not ;
madr prc?mptl~• b)• mortKaKur, and ~ ach insu~~nce cumE~n~• conc~~rned is hereby authorized ~nd ditectrd to make 3
p:~~~mrnt for ~uch ir.s~ dirertl~• tu mort~aKee ~nstead of to mortgag~ and mortgagee jointly, and the insurance pro-
cerds, or an~• p~rt thereot, may be applied by moilKaKee at its option eithe~ to the ree~uction of the ~ndebtedness
hecrb~• ~ecu~ed ur to the rrstor;~tion oc rrpaii of Ihe pro~~rt~• damaged. In e~•ent u( foreclosure of this mortgage oc
~ther transfer ~f titte to thc mortKaged prupert~~ in extinguishment u( the ~ndebtedness secured hereb~•, all right.
title, and interest of the mortgagor in and to anp insurance policies then in focce shall pass to the purchaser cx
Krantee.
8. That the mortg.~gee may, at any time pending a sui' upon this mortgage, apply to the court having jurisdic-
tion the~eof for the appointment of a receiver, and such court shall forthw~th appoint a rece~vec ot the premises
co~•cred he~eb~ all and siagula~, includinK ali and singular the income, protits, issues, a~d retenucs from v?hatever
.ource denr•ed, each and ever~~ uf which, it bei~g expresity unde~stood, is hereby mortgaged as if specificaily s~t f
forth and desctitxt~ ~n the gcanting and habendum clauses hereof, and such receiver shall have ail the broad and
eftc~cti~•e funct~ons a~~d ~ovvers in an~•a~se entrusted b}~ a court to a receiver, and such appointment shall be made
bt~ such court as an admilted equity and a mattrr oE absolute right to satd mortgagee, and without reference to the
;idequac}• or in~idrquac~• of the calue of the property mortgaged or to the sol~~ency or insolvenc~• oi said mortgagor
or the defrndents, and that such rents, pro[its, income, issuP~, and tevenues shall be applied by such receiver
:iccurdtng to the lien of this mortgage and the practice of such cou~t_ ln the e~•ent ot any de(ault on the part of the
mortKagor hereunder, the mortgagor agrees to pay to the mortgagee on demand as a reasonable monthly rental for
the premises an amount at least equ~~•alent to one-twelfth (l'12) of the aggregate of the twelve monthlyinstall-
mrnts pa~able in the then current year plus the actual amount of the annual ta~ce~, assessments, water rates, and
insuranre premiums for such }~ear ndt co~~ered by the aforesaid monthl~ payments. •
9. That r~n t!~e e~•ent of an}• breach of this mottgage or default on the part of the mortgagor, or !bl in the
e~-ent that am• ot said sums of money herein referred to be not promptl~~ and full}• paid without demand or notice,
or ~~n the e~•ent that each and every the stipulations, agreements, conditions. and covenants oE said note and
thic mortgage, are not dul~•, promptt~~, and full~• performed; then in either or any such event, the said aggregate
~urn mentiuned in said note then rema~ning unpaid, with interest accrued te that time, and all moneys Secured
hereb~~, shail become due and payable forthwith, or thereafter, at the option of said mortgagee, as fullp and com- '
i pleteh• as if ali of the said sums oE money were originally~ stipulated to be paid on such day, an~thing in said ;
nute or in this mortgage to the contrary notwithstanding; and thereupon or therea[ter, at the option d said mottga-
gee. ~.~thout notice or demand, suit at !aw or in equity, may be prosecuted as if all moneys secured hereby had ~
matured pr~or to its institution. 1'he mortgagee may foreclose this martgage, as to the amount so declared due and
~a}-able, and the said premises sha!! be sold. to sat~s(y and pay the same together with costs, expenses,and allow- -
ances. In case of partial foreclosure of this mortgage, the mortgaged premises shall be sold subject to the con-
tinuing lien of th~s mortgage for the amount of the debt not then due and unpaid. In such case the provisions of
this parag?a~h ma~• again be a~•ailed oi thereafter from time to time b~• ihe martgagee_
10. i'hat the mortgagor w ill gi~•e ~m~nediate notice by mail to the mortgagee of any conceyance, transfer, or
ctiange of ownership of the premises.
11. That no w•aieer of an~~ co~•enant herein or of the obligation secure.~ hereby shall at any time thereafter de
held to t?e a wa~~•er of the terms hereof or of the note secured hereb}~.
12. That if the mortgagor default in an}~ of the co~enants or agreements contained herein, or in said note, then
the mortgagee md~• perform the same, and all expenditu~es (includ~ng reasonable attorney's fees) made b~• the
mortga~~e in so doing shall drau interest at the rate set forth ~n the note secured hereby, and shali be repayable
immediatei~• and without demand b~• the mortgagor to tfie mortgagee. and, together with interest and costs accruing
thereon, shall be secured b~• th~s mortgage.
13. that the mailing of a written nofice or demandaddressed to the owner of record o[ the mortgaged premises, ~
ur directed tc the said owner at the last address actuall~• Eurnished to the mortgagee, or directed to saidowner at ?
said mortgdged prem:ses. and mailed by the United States ma~ls, shall be sufficient notice and demand in any
case ans~nR unde~ this instrument and requi~ed by the provisions hereoE or by law.
la. The morigagor further covenants that should this rtp~a
~e- and the note secured hereby not be eligibie `
for ~nsurance under the National Nousing Act within YATS from the date heteof (written statement ?
of ~n~• ufficer of the Department ot Housing and Urban De~•elopment or authorized a~ent of_the~cretary of Hoes- !
ing and Urban De~•e(opment dated subsequent to the ~.~~~IS time ftvm the date of this mortgage,
declining to insu~e_~id~oje~t?d'this rnortgage, being deem•~d concluslve proo[ of such ineligibility), the m~rtga-'
gee or the holder of the note may, at ~ts option, de~lare all sums secured hereb~~ immediately due and pa}able.
The co~•enants herein conta~ned shall bind, and the benefits and advantages shall inure to, the respective
hei~s. rxecutors, administrators, successors, and assigns of the parties he:eto. K'henever used, the singular num-
ber Shail ~nclude the plural, the plural the singular, and the use of any gender shall inctude all genders.
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