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S. Thz~t he will pe~mit, cor.?mit, or suffet ~o waste, impairment, or deterioration ot said property or any part
therepf; and in the event ot the [ailu~e of the mortgagor to keep the buildings on said premises and lhose tobe
erected 'oo said premi~es, o~ improvements thereon, in good cepair, the mortgagee may make such repeirs as in its
.diccretion it may deem oecessary foc the propec presetvation thereof, and the full amount oE each and every such
payment shall be immedietely due and pa~~able, and shall be secured by 1he lien oi this mo~tgage.
6. That he will pay all and singula~ the costs, che~ges, and expenses, including reasonable tawyer's [ees,
end co~ts of ebstracts of title, incurred or paid et any time bythe mortgagee.because of the failure on the parl of
the mortgz~go~ ptomptly and [ully to perform the agceements and covenents oE said 'p~omissory note end this mort-
gage, and said costs, ctu+~ges, and expenses shall be immediately due and payable and shell be secu~ed by the
lien oi this~mortgage.
7. That he will keep the i~:pratc-cnls nox existin~ ar hereafter erecttd on ihe rrsarigaged property, insured as
mey be required irom time to time by the mortgagee egainst lass by fire and other hazards. casualties, and contin-
grncies in such amounts and for such periods as may be requi~ed by mortgagee. and will pey promptly, when due,
an~~ premiums on such insucance for payment of which provision has ~ot been made hereinbefwe. All insucance
~h:~ll be carried in companies approved by mortgagee and the policies and renewals thereof shall be held by mort-
g.+gee and ha~•e attached thereto loss payable clauses in favor of and in form acceptable to the mortgagee. In
e~~ent of loss he will give immediate noti~e by mail to mortgagee, a~d mottgegee may make proof of loss if not
made promptl~• by mortgagor, and each insurance company concerned is hereby authorized and directed to make
peyment for such loss directly to mortgagee instead of to mortgagor and mortgagee jointly. and the insurance pro-
ceeds. or any part thereot, may be applied by mortgagee at its option either to the reduction of the indebtedness
hereby secured or to the restaration ot ~epair of the pcoperty damaged. In event of foreciosure of this mortgage oc
other transfer oi title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, . ~
title. and interest of the morigagot in and to any insurance policies then in Eocce shall pess to the purch~+ser or
grantee.
8. That the mongagee may, at any time pending a suit upon this mortgage, apply to the court having jurisdic-
tion thereo[ for the appointment of a receiver, ~+nd such coutt shall forthwith appoint a receiver of the premises
co~•ered hereby all and singular. including all and singular the income, pcofits, issues. and revenues from whatever
source derived, each and every of which, it being expressly undecstood, is hereby mortgaged as if specifically set
forth and described in the granting and habendum clauses hereof, and such receiver shall have atl the broad and
effecti~~e functions and powers in anywise entrusted by a court lo a receiver, and such appointment shall be made
b}• such court as an admitted equity and a matter oi absolute ~ight to said mortgagee, and wilhout reEerence to the
adequacy or inadequacy of the value of the property mortgaged or to the sotvency or insolvency of said mortgagoc
~r the defendents, and that such rents, pro[its, income, issues, and revenues shall be applied by such receiver
according to the lien of this mortgage and the practice uf such coud. In the event of any default on the part ot the
mortgagor heceunder, the mortgagor agrees to pay to the mortgagee on demand as a reasoneble monthly rental for
the premises an amount at least equivalent to one-twelEth (1/l2) of the aggregate of the twelve monthly install-
ments payable in the then current year plus the actual amou~t of the annual taxes, assessments, water rates, and
insurance premiums for such year not covered by the aforesaid monthly payments.
9. That ~ in the event of any breach o[ this mortgage or default oe the part of the modgagor. or (b/ in the
e~•ent that any of said sums of money herein referred to be not promptly and fully paid without demand or notice,
or r in the event that each and every the stipulations, agreements, conditions. and covenants of said note and
this mortgage, are not duly, promptly, and fully perfo~med; then in either 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
herebt', shail become due and payable forthwith, or thereafter, at the option of said mortgagee, as fully and com-
pletely 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-
~f gee, without n~tice or demand, suit at law or in equity, may be prosecuted as if alI moneys secured hereby had
; matured priw to its institution. The mortgagee may foreclose this mortgage, as to the amount so declared due and
~ payable, and the said premises shall 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 shell 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 the provisions o!
this paragraph may again be availed of thereafter from time to time by the mortgagee.
10. That the mortgagor will give immediate notice by mail to the mortgagee of any conveyance, transfer, oc
change of ov~nership of 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 wai~•er of the terms hereof or of the note secured hereby. _
12. That if the mortgagor default in any of the covenants or agreements contained herein, w in said note, then
the mortgagee may pertorm the same, and all expendituces (including reasonable attorney's fees) made by the
mortgagee in ~o doing shall draw interest at the rate set forth in the note secured hereby, and shall be repayable
~r~mediately and without demand by the mortgaga to the mortgagee, and, togethet with interest and costs accruing
thereon, shall be secured by this mortgage.
13. that the mailing of a written notice a demandaddressed to the owner of record of the mortgaged premises,
or directed to the said owner at the last address actually furnished to the mortgagee, or directed to said owner at
sa~d mortgaged pcemises, and mailed by the United $tates mails, shall be sufficient notice and demand in any
case aris~ng under this instrument and required by the provisions hereof or by law.
14. The mortgagor further covenants that shouid this mortgage and the note secured hereby not be eligible .
for insurance under the Nati~al Housing Act within 60 dy/s from the date hereof (written stetement '
of an~• of(icer of the Department of Housing and Urban Develo~ment or authorized agent of the Seccetary o[ Hous-
" ~ng and Urban Development dated subsequent to the d~~ time from the date of this mortgage,
~ declining to insure said note and this mortgage, being deem~~d conclusive proo[ of such ineligibility), the mortga-
~ gee or the h~l~'~[=the wot'e ufe}l,=at its option, declare ail sums secured hereby immediatety due and payeble.
~ The covenants herein contain~ci shall bind. and the benetits and advantages shall inure to, the respective
~ heirs, executors, administrators, successcxs and assigns of the parties hereto. Whenever used, the singulac num-
` ber shall include the plural, the plural the si~ar, and the use of any gender shall include all genders.
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