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~'1~iiat hc~ ~~~tll prnnit, ru~,;mit. ur sufl~~r nu ~~~,~ste. ~n~p:urm~•nt. ur detenex,~tii~n t~f sa~d propert~" or uny part
Ihe•~e•u~, and in t}tc• r~~~nt ~~f th~~ ~ailurt~ ~d the murtRa~;~~r to k~•ep Iht• buildin~;s ~~n tiaid pcemis~•s and those tubr
rr~•ct~•d un said prem~~r`, or imptc~~•rr.~rnts thc~rrun. ~n Kood tt•pa~r. th~ moctgaKee ma~' make such rep:+irs :+s in its
discrrtiun it ma~• derm neca•ssan• for th~ prope•r prrser~~atiun thrrruf, and tne full amount of rach and ever~ such
~~:~~,~:t•nt shall be ~mrn~~d?:~tely~ d.~e and p.~~•~~bit~. :+nd ~hc~li be secur~•d b~ ihe lien of thts mortga~e.
'l~h,it he a~?U pu> :il1 .+nd sint•,ul.,r the custs, churges, c+nd exFxnses, ~nclud~ng n~:isontible law~~er's fees,
a+nd rust~ of ~~bsU.+cts ~~f titlr•. inrurred ur p.,id at .int~ t~me b~•the mortgagee.because uf !he [ailure on the p:+rt of
th~~ mi~rtku~;ur ptumptl~~ and f;~ll}• tu perfurm the ~+Kreements ~nd co~~enants o[ sa~d pramissor~• nute and this mort-
~;:~~;r, .+nd s,~~d cc~~ts, ch.~rkc~s, and exEx•nsr~ shall be ~m~med~atel~• due dnd p~i~•able and shali be secured b~• the
iirn ~~f th~s murtK:~Ke.
7'hat he ~~ill kE•~~p the impro~~~m~~nts nuw extst~ng or herraftcr erected ~~n thc mortKaged property, insured as
ci.+~ br reyu~red [rom t~me !u t~me b~• thc~ murtRa~;ee c+kainst loss b~• t~re and other haz~+rds, casualties, and contin-
F;r~i~ ~c•: in surh a~mounts ;~nd fur suc~h penuds .~s m.,~• be required b~• mortg~~~;ee, and u•ill pay promptiy, when due.
:~m~ prrmiums on such insurance (or p:i~•ment of w•hich pro~~ision has not been rnude hereinbe(ore. All insur~+nce
sh;~il be car~i~~d ~n comp.inic~s apprut•cd b~~ murlKaKee und the policies and reneti~a(s thereof shall be held by mort-
K.~hc•e .~nd h.i~e attc~nc~•d therrtu luss p.,~•abte clauses ~n fa~or of :~nd in form acceptable to the mortgagee. !n
r~rnt u( luti~ he ~eilt k~~e immedi:~tc• notice b~• matl to rr,ortgaKee, and martgaKec may make proof of loss if not
madr ~~r:~mptl~ b~• me~rlKagur, and each msurance comp~+n~~ cuncE~rned is hereb}~ authorized and dtrected to make
; p.~~•ment Eur such lo~s d~rectl}• to mortgaKee instcad of to mortga~or and mottgagee jo~nUy, and the insurance pto-
cerd~, ur an~• part thereo(, map be eppl?ed by mortga~ee ~t its ophon either to the reduct~on of the indebtedness
heteb~• secured or tu the restoration or rep~ir of the propert}~ dam~+~ed. In e~•ent of [oreclosure of th~s mortRage or
- uther tr.,nsfer ot h?.le to the mort~aged propertp ~n extin~u~shment o( the indebtedness secured hereb~~, ali nght,
t~tle. and intere~t of the mortKagor ~n and to ~~n~• insurance pol~cies then ~n force shall pass to the purchaser or
s ~;r.+ntc•e.
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23 That the martg:.gee may, at anp• t~me pending a suit upon thi~ mortgage, apply to the cuurt having jurisdic-
_ ti~~n thereof ior the appointment ot a recei~•er, and such rourt shall for!hu•ith appoint a rece~~•er of the premises
_ cocered hereb~• all and sinKular, includin~ all and singular the income, profits, issues, and revenues fram a•hate~~er
- ,~~urc~• drn~•ed, e~ch and e~~er~~ of w•hich, jt be~ng expressl~• understood; is hereby mortg~ed ~s if specificall~~ set
- i~~rth and described in the granF~ng and habencium ctauses hereof, and sucfi receive~ shall ha~~e all the broad and
' ~~ff~~rti~e funct~uns and pow•ers ~n an~aise entrusted b~• a court to a receiver, znd such appointment shall be made
:
- b~ ~ucfi cuurt <~s an .,dm~tted equ~t}~ and a matter of absolute nght to said mortgagee, and without reference to the
~ ,~de~yuac~ ur ~nadequ.~c-~• of the ~alue of the propert~~ mortgaged or to the solvency or insolvency of said mortgagor
~~r the defrndents, anc~ the~t such rents, profits, income, issues, and revenues shail be appl~ed b}• soch rece~~•er
~ :,rc.~rd~nK to the lien .~f thss mort~a~e and the practice of such court. !n the e~~ent of any default on the part of the
r.,~~rtK~Kor hece~inder, the mort~a~.~r agrees to pa~~ to the mortKaKee on demand as a reasonable monthl}~ rental for
tiu• pre~;ises an ~~r.:uunt at least Pqlll~'3It'nt to or.e-tw~elfth (1 12) of the a~gregate of the tu•elve monthly install-
_ r^rnts pac.+hle in the then cnrrent S•ear plus the actuat amuunt of the annual taxes, assessments, u•ater rates, and
' ~n~uranre prt•miums for such y~ear not co~~ered b~ the aforesaid monthly payments.
Q. Thet '.f ~ ~n the e~ent of an} brrach uf this mortKage or deEault on the part of the mortgagor, or in the
s e•~:rni that an~• o[ sa~d sums of monec herein referred to be not promptl~• and full~~ p<+id without demand or notice,
~~r ~n the e~•ent thai e~ach and ecer~• the stipul~t~ons, agreements, conditions. and covenants oE sa~d note and
° :h~s murt~aKe. are not dul~, pro:nptl~•, ~nd full~• performed; then in either or any such event, the said aggregate
~~.:r~ men.~oned in ~uid note then reer~~nin~ unpa?d, w•ith interest dccrued to that !~!?lP, and all moneys secured
hc•re!,t, shall bece,me duc~ and pa}~able forthwith, or thereafter, at the optton said mortgagee, as fully and com-
F~jc'lt I~~ FiS ~f ~+ll of the ~aid sums of mone~~ u~ere originaU}• stipulated to be pa~d on such da~•, anything in said
_ n~~te or ~n this mort~age to the cuntrarp notu•rthstanding; and thereupon ot therea(ter, at the option of said mortga-
; kt~e. w•ithe~ut not~ce or demand, suit at law or ~n eqwt5~, ma}• be prosecuted as if a?1 moneys secured hereb}• had
= m:,tured prior to its inst?tution. The mortgagee may foreclose this mortgage, as to the amount so declared due and
- p.,~<~bie, and the said premises shall be sold to satisfy and pa~• the same together with costs, expenses,and allow-
.~:u e~. In case of partiai tareclosure of this mortgage, the mortgaged prem~ses shall be sold sub~ect to the con-
tinuinR lien of th~s mortK~+~e ior the amount of the debt not then due and unpaid. In such case the provis~uns of
th~~ paraK~aph m~+c a~a~n be a~~ailed of thereafter from t~me to time by the mortgagee. ~
''j 1(~ That the mortgagur uill K?~~e immed~ate notice by mail to the snortgagee of an~• conceyance, transfer, or
ch<~nKe of ouner,hip uf the prem~ses.
11 l~hat no w-aner of ant• cocenant herem ~~r o( the obl~gat~on secured hereb~• shall at ant• t~me thereafter be
- hrid to he u•ai~~er of the terms hereof ur of the note secuced herebv.
1? That if the mortKagor default ~n :~n~ uf the co~enants or agreements conta?ned herein, or in sa~d nate, then
thr r~c~rtkn~,re m~+~~ peric,rm the s.+re. and ~~ll ex~ndttuces i~nclud~n~ reasonabie attornep's fees) made b} the
_ ~~.~rtKa~er ~n ~;~,ing ~h,~;l drau~ interest at the r~+te set forth ~n the note secured herebp, and shall be repayable
i:~r:e 3~.+tr•;~ ~n~ «~ithuut de~r.,<;nd ht the m<~rtK:~~,or to the mortgagee, ~+nd, togrther u~th interest and costs accru~ng
t'~rrc~un. ~ha'.? he st•cured b~ thi~ :mortg~iKe
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13 that the m<+ilinK uf a w~ntten nut~ce ~r deman~iaddmssed to the owner <~f record o( the mortgaged premises,
t:_~ ~u dir~~c?ed t<~ the s~~d ~uner :~t thr last address actuall~• turnished to the mortKagee. or dimcted to saidowner at
' ..vid r~urtKaKed Fcer,:ises, and mailyd b~ the Un~ted States mails, ~hall be suffic~ent notice and demand in any
CaSE~ arys:rK ~nuer tRIF ~n,trumer~f an; reqwred b}- the ~r[pL-i~IG:t~ ,ir[Evf OT ~l~r iaK'.
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i-i Thc~ mvrtKaK~r turther covenants that ~huuid this mort~ya.~~je and thr note sec•ured hereb~• not be eligible
t~:r ~nsur.,nce under the tiational Nousin~ Act ~~th~a 30 UN~S from the date hereof (a•ntten statement
?.~rtt ~~fffcer c~f thr [lepart~:ent uf Hou~tr.g end Urb~~n De~elopment or author~zed aKrnl of the Secr~tary of Hous-
i;~K .~nd Urh<,n [~e~elupmrr.t datrd subsey~ent tu the ~~i j t:~e from the date of this mottgage,
; e?r< :~nsnK to tnsure sard note and th~s mort~~~Ke, be~~nK deem •d cuncius~~~e prcwf of SUCFI tneligibilit} the murtga- ~
Re•a• :~r .hc~ hoidc~r c~f the nute r,:a~•, at it~ uphon. declarc~ all sum~ secured hereh~- ~mmed~atel}~ due and pa~ble. ~
Thc> co~enants herein contain ~d sfiall bind, and the benetits dnd ad~•antages shall inure to, the respective ;
- he~:., c•xr~utors. .~dmin~sttatc~rs, cuccessurt. ~^d ass~Kns af the part~e~ hereto. u'henever used, the s~nRular num-
h~•r ,'r,~,i'. mc!ude the F~!ura!. th.~ plurdi the ~cnRutar, and the use uf an~ Kender shal! ~nclude atl gerders. i
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