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4. That he will pay all tsxes, assessments. water rates, and dher go~•ernme~tal o~ municipal charges, [ines.
oc impositia?s, foc which p~ovision has not been made hereinbefae. and in default thereo[ the mortgagee may pay
the same: and that he will promptly delivet the otficjal rece:pts thereEor to the moKgagee.
5. That he will pe~mit, commit. oc suEfe~ no waste, impaicment, oc deteriocation ot said prope~ty or any pa~t ~
the~eof; and in the event o[ the failuce of the mortgagoc to keep the buildings on said premises and those tobe ;
erected on said premises, or improvements thereon, in good repair, the mortgagee may make such tepairs as i~ its ;
discretion it may deem necessary for the proper p~eservation theceof, and the full amount of each and every ~uch
pa~~ment shall be immediately due and paysb{e, and shall be secured by 1he lien of ihis mo~tgage_
6. That he will pay all and singular the costs. charges, and expenses. including teasonable lawyer's tees.
and costs of abstracts oE title, incurred or paid at any time by the mortgagee because of the failure oa the part of
the mo~tgagoc promptly a~d fully to perform the agreements and covenants aE said promissory note and this moct- ~
gag., and said costs, charges. and expenses shall be immediately due and payable and shall be secured by the
lien of this mo~tgage.
7. That he w ill keep the imQroveme~ts now existing oc heceafte~ eoected on the mo~tgaged propedy. insureti as
may be required [rom time to time by the mcxtgagee against loss by fire and other haaards. casualties. and contin-
gencies in such amounts and for such periods as may be required by matgagee. and will pay promptly. when due.
any premimns on such insurance for p~yment of whicfi provision has not been made hereirtbeEore. All insurance
shall be canied in companies aQpcoved by mortgagee and the policies and renewals thereof shall be held by mort-
gagee and have attached thereto loss payable clauses in favoc of and i~ form acceptable to the modgagee. In
e~~ent of loss he will give immediate notice by mail to mortgagee, and mortgagee may make proof oE loss if not
made promptly by mortgagor, and each insurance company concer~ed is hereby authorized and directed to make
payment tor such loss dicectly to inortgagee instead of to mortgagor and mortgagee jointly. and the insurance pro-
ceeds, or any part thereof, may be applied by mortgagee at its oRti~? either to the reduction oE the indebtedness
hereby secured or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage or
other t~ansEer oE title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right,
titte, and interest of the mortgagot in and to any insurance policies then in force shall pass to the purchaser or
gcantee.
8. That the mottgagee may, at any time pending a suit upon this q~ortgage, apply to the couct having jtuisdic-
tion thereof for the appointment of a receiver, and such court shall forthwith appoint a receiver ot the pcemises '
covered hereby all and singular, including all and singular the income, profits, issues. and teveeues from whatevec
source decived, each and every of which, it being expressly understood, is hereby modgaged as if speciEically set
forth end described in the granting and habendum clauses heceof, and such receivec shalt have al! the broad and
effecti~•e functions and powers in any~wise entrusted by a court to a receiver, and such appointment shall be made
by such court as an admitted equity artd a matter of absolute right to said mortgagee, and without reference to the
adequacy or inadequacy oi the value of the property mortgaged or to the solvency or insolveocy of said mortgagor
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 court. In the event of any default on the pa~t of the
moctgagor hereunder, the mortgagor agrees to pay to the mortgagee on demand as a reasonable monthly rental [or
ihe premises an amount at least equivalent to one-twelith (1/12) of the aggregate of the twelve monthlyinstall-
ments payabte in the then curreot 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 f~ /~in the event of any breach of this mortgage or default on the part of the mortgagor, oc (6/ in the
event that any of said sums of money herein referred to be not promptly and fully paid without demand ot notice,
or (rl in the event that eacfi and every the stipulations, agreements, conditioac, and cover.ants of said note and
this mortgage, are not duly, promptiy, and fully pertormed; then in either or any such event, the said aggregate
' sum mentioned in said note then ~emaining unpaid, with interest acccued to that time, and all moneys secured
hereby, shall become due and payable forthaith, a thereafter, at the option of said mortgagee, as fulty and com- ~
~ pletely as if all of the said sums oE money were originally stipulated to be paid on such day, anything ia said '
note oc in this mortgage to the contraty ndwithstanding; and thereupon or tfiereafter, at the option of said mortga-
gee, without notice or demand, suit at law or in equity, may be prosecuted as iE ail moneys secured hereby had ~
matured prior to its institution. The mortgagee may foreclose this mottgage, as tu the amount so declared due and ~
payable, and the said premises shali be sold to satisfy 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 this mortgage for the amount of the debt not then due and unpaid. In such case tfie provisions of
this paragraph may again be availed oE thereafter from time to time by the mortgagee_
10. That the mortgagor will give immediate notice by mail to the mortgagee uf any conveyance, transEer, a
chan~e oi ownership oE the premises.
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 oE the terms heceof or of the note secuzed fiereby.
12. That if the mortgagor defxult in any of the covenants or agreements contained hecein, or in said note, then
the mortgagee may perforn the same, and all expenditures (includ~ng"~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 mortgaga to tfie mortgagee, and, together with interest and costs accruing '
thereon, shal! be secured by this moctgage. ~
13. that the mailing of a written notice or demandaddcessed to the ownec ot record of the moctgaged premises.
or directed to the said owner at the last address actually furnished to the mortgagee, or directed to said onvner at `
said mortgaged premises, and mailed by the United States mails, shall be sufticient aotice and demand in any i
case acising under this instrument and required by the provisions hereoi or by law_ ~
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14. The mortgagor furiher covenants tfiat sfiould this mortgage and the note secured hereby not be eligible ;
fot insurance under the Nat+onal Housing Act within from the date heceot (written statement
of any officer of the Department of Houcing and Urban De~ejo~g~or authorized agent of the Seccetary of Hous-
~ ing and Urban Development dated subsequent to the ~ f~ time from the date d this modgage,
declining ta insure said note and this mortgage, being deertr~d conclusive proof of such ineligibility), the mortga-
gee or the holder d the note may, at its option, declare all sums secured hereby immediately due and payable,
The, cp}~enants hecein contained shnll bind, and tlie'~benefits and advaniages sfiall inure to, the respective
heirs. executors, admioistrators, successors, and assigns of the parties hereto. Whenevec used, the singulac num-
ber shall include the plural, the plural the singular, and the use of any gender shall include all genders.
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