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That, in order morc tuUy tu protect tAe security ot this mon~e. the mort~ajor. to~etAer with. and in adJitioo to. the munthlY paYments umter ;~as ot thc note xc,ued he~eby, o~ the fu:t day d e~ch ~lh until tAc uid aote is ( ullr paiJ, wip paY to tt~e mon~ee the tolbw- i~ s ...s: ~ (a) ho aaiouM wRicient to provide the Aokk~ hereot witA tunds lo pay the oeal mort~e insurance premium it this instrumeot aM! the 1 note securcd hereby are insured. or a moathlY chute lin keu o[ a monsa~e inwrance ptemiuml it they ue AeW by the Secrotuy ot • Housin~ and U~baa Devdopmeet as (oUows: i l4 lt anA w lo~ u said note ot even da~e and this instrument are insurcd or arc reinwred under the provisions ot the Platiooal tiwsins Act, an aa~ouat w~cien~ to accumubte in the hands ot the holder one ( p awnth prior to its due date the annwl mon- ~e inwrance premium, in ordir to provide wch hoWe~ with (unds to pay such prcmium to the Secretuy ot Housin~ and Utban Devebpment pursuant to the National HouL~ AM, u aiaended, and applicabk Re~ulation} thereunder; or qU !f snd so bn~ u said note ot even date and this i~strument are held by the Secroury ot Housin~ and Urban Devebpment, a~. awotNy ch~e (i~ lieu ot a mottp~e inwrana ptemiuml which sAall be i~ an amount equal to one-twelfth ( I f 12) o( one-halt 1112) per cer?tum ot the avers~e outstandin~ balsna due on the note computed without takin~ inw accwn~ delinquencies or_ . P~WYments: ' (b) A sum equal to the iround rents, it anY, next due, plus !he prcmiums that wiU nexl btcane due and payabk on policies ot firo and wher Aar.ard inwrance~ooverin~ tAe mott~ed propeny, plus taxes aod usessme~ts nezt due on the mon~ed propeny (all as esti- ~ mued by the owrt=a~ee1 ku all wms alre~dy paid therctor divided by the aumber ot ~on{As to ebpse Aeforo one month prior to the date wf~en wch pouod nets. premiun~. taxes. and asseumen~ wiU bccoa~e delinWent. wcA wms to be held by mort~agee in uust to pay said srouad rsats. premiums, tues. and ~ecial assesuaeau: and (e) All payme~~ mentiooed in the two ptecedin~ subxctioos ot this pua~aph and all payments to be made under tAe note secured here- • - by shall be sdded to~ctber and the a~re~ate smount theteot sball be paid by t6e mo~ty~o~ each monW in a sin~k payment to be sp= plied by tAe mortp~a to the tolbwir~ items in tbe order set tonA: (11 prcmium chaRes under the contract o[ inwnnoe Mitb the Secrcury o[ HwsinQ aod Urbaa Development. or montNy cAarge (ie lieu ot mo~t~e iamrana piemiwa). as the cass a~ay be: q4 gound rcets. taxa, assessa~ents. fue. and otber hu.ard inwrance prcmiums: llll intercst on the note secuted Aereby: and (IV, amorti:atioe ot the priacipal ot said aote. ~ ~ My debciency in the amount ot s~ach a~e~ats monttdY ~Ymeat sball, unku made good by ihe mona,aga prior to tho due date o[ t6e next wcb paymeat. coastitute aa eveat ot detwlt under tl~i~ mort~e. 71~e mott~te maY colkct a"late char~e" aot to exceed two cents (:c) tor each dopar (SI) ot each paymeot more tbaa 6ttoen ( IA days in arrears to cove~ t!rc exua expe~se inrolved ia haadlir~ delinquent payment:_ 3. 71at if the total of the payments msde by tGe mortgaeor under (6) d para~raph 2 precedin~ shall ezceed tbe amount of the payments actually.~ade by the mort~ee, for ~uund rents, taxes aad issessmeats snd inwrana premiums. as the case may be. wch ezcess u the op- • tion o[ tbe mort~,asee. shsll. be credital o~ wbsequent payme~ts to be made by the mortsa~or. or rctuaded to the mort~or. lt, tawever. the awnWy payments made by ~l~e mortaa~or under ot ~antraph 2 precodinQ shall not be w~cient to pay jround rcnts, hxes and asseua~ents and inwranoe premiums. as the case may be, whea the same shaU bocome due aad payabk, then tbe mort~,agot sh~Jl pay to the moR~agee any amount necessary to malce up the deficlency, on or beton the date when paymeet ot such ground rcnts, taxa. ~uscssments, or insunnce prem- iums shall be due. lt at any dme the mortp6or shal! tender to the mortgagee in accordance with the provisions ot the note xcured hereby. tuU paYment o[ the entire indebtedaess rcpresenta: tt~e~eby. the mortgasee shall, in computing the amouot ot such indebtedoess rredit to the ac- _ count of the e~ort~or all payments made under the provisions ot ot parapaph 2 hueot which the mortgasee has not become obtigated to pay to tl~e Secretary of Housin~ and Urban-[kvelopment and any bo{ance rcmainin~ in the [uads accunubted uader the provisions ot ot said para~aph 2. if there st~all be a detwh uader any ot the proviaioos ot tAis ~wtt~+~e. resultin6 in a piblic sak ot the premixs oovered here- by. ar it tbe mort~,sgee aoq~ares tbe pr~operty atherwise atta defauk. tbe motiM~oe slWl sppTy. at tbe tiaie ot tl~e oommenoement of such pro- oeedi~s or at the time the property is otherwise uquir+ed. the balancx th~ rcs~ai~ in the funds:ca~eaulsted under (b) ot paragraph 2 precod- ing as a crcdit against the amouat ot prinapal then remairi~ m~paid under said note and shap ProP«~Y ~l~ ~Y P~Yments which shall have been msde under ot said paragraph• ~ 4. That he wifl pay all wca. assessments, wuer rata, and aher eovernment~l or municipal chuges. fines, or impositions, tor which pro- vision hu not been made hereinbetore, and in defauh thereot the mortgsgee may pay tAe same: and that he will promptly deliver ~he official rsceipts theretor to the mortgagee. S. Thst he wi0 pe~mit. commit. ar wBer no waste. imp:irment, or deteriotation of said propeny or any part thereot: and in the event oi the failure of the morigagor to keep the buildings on said premises and tl~ose to be erccted o~ said premises, or improvements thereon. in good re- pair. the mortgaga may make wch repairs as in ita discretion it may deem necessary tot tbe proper prcservation thereot. and Ihe tull amount ot each and every wch paymeni sha11 be immedu[e1y due and payabk, and shsll be secured by the lien ot tlrs mortgage. 6. That he wiN pay dl a~ sin~uhr the costs. c6arRe.s. and espenses. including rawnabk Fawya's tees. and cmts ot abstr+cts ot titk. in- curred or paid u any time by tbe mo~oe becwse o[.the fai4irs an the paR ot the mortgagor promptly and tuBy to peeiono the agreements and covenants of said promissory note and this mortga~e, and said costs. ctarses, and expenses shall be immediuely due and payabk and shall ~ be securod by the lien of this a~ortp~e. f ~ 7_ 7hat he wiN keep t6e improvements oow existingor hereatter erected on the mort~ed property. inwrcd u may be rcquired from time ~ ` to time by the mortga~ee asainst bss by fine and aher hazards, cawsllia. and contin~encies in siich amounts and tor such periods as may be - ~ ~ rcquired by mortgaga, and wiU pay promptty, when due, any premiums on wch inwrance fot payment ot which provision has not been made hereinbefore. Al! inwnnce shall be curied in companies approved by mortga~ee and the policies and rcnewals thereof shall be held by mortga- ~ i 6oe and have attacl~ed thueto bss payabk clwses in tavor ot and in form xceptabk to the mortgagee. In tvent of bss he will give immediate notice by mai! to ewrtaagoe. and mortgasee may malce proot ot bss if not made PromW~Y bY mortaa~or. and each inwrance company con- ~ cerned is bercby aut6orizod and directod to maice psyment tor such loss directly to a~ortgasee iostad ot to mortga6or and mongagee joindy, ~ ~ and the insura~xe proceeds. ar any put thereot. may be appliod by mortgajoe u its option at6er to tl~e reduction of the indebtedness hereby secured or to the restorstion or rcpair ot the pmperty damased. ln event ot torcclowrc ot this mort~sge or wher tnnsfer of titk to the mort- + gaee.d propcny in extin~uishment ot the indebtedneu secured hereby. aq right. titk. and interest ot the mortgagor in and to any insurance poli- tiea then in force sl~sll Pass W tbe purchaser or srantee. - 8. 71~at if tbe promises, or any put thereot, be condemned urder any power ot eminent domain, or acquircd (or a pubtic use. the damages. proceeds, and tbe co~sidentio~ tor such acquisitan. to the exteat of the tuY amount ot indebtedness upw~ this Martgage. and the Note xcured hercby remaining unpaid. are hercby usigned by the Mortg,~gor to the Mortgagee and shall be paid fonhwith to the Mortgagec to be applied by it on accouM of the indebteness securcd hereby. whetber due or not_ 9. 77at tbe mortp~oe may. u any time pending a wit upon this mort~e. appfy to the coun havi~ jurisdiction the~eot for the appoint- s~ent ot a rcceiver, and such ooun shall torthwith appoint a raxiver of tl~e prcmises covered hercby all and singulu. including all and singuhr the income. proSts. issua. and rcvenues tram whateva sourre duivod. each and evcry of which. it being expressly undentood. is hereby ~ mortgaged u if specifically set (ath and described in the gnnti~ and habendum clauses hercof. and sach receiver shall have all the broad and ~ eBective tu~tions and powen in anywise enwsted by a court Io a rccei~er. and w~:h appointment shall be made by such oourt as an admitted ~ equity and a matter ot absolute right W said mortgagee. and without rcfe~enoe to the adequacy or inadequscy of ttrc value of the propeny mort- : pged or to the solvency or insolvency ot said mongagor or the detendanls, and lhat wch rents, pro6ts. income. iswes, and rcvenues shall oe ~ applied by such receiver according to the iien of this mortga~e and the practice ot wch coun. (n t!rc event of anr detauk on the part ot ttie mort- ~ pgor hercundet, the mortg,agor agrees to pay to the mongaeee oo demand as s rcssonabk monthly rcntal tor the premises an amount at kast ; ,oquivaknt to one-twetfth (1/12) ot the aggegate ot the twrclve monthly installmeots payabk in ihe then c~eot yar plus the actual amount ot ~ 1he annual tues, useuments. wster ntes, and insurarwe premiums tor such year not covered by the atoresaid awnthly payments. ~ 10. That (a> in the event ot my breach of this mortgag~ or defwh on ~he part ot the mortg~gor. or (6) in the event that any ot said sums ot money Ixrein rctenea to be not promptty u~d tully. paid without demand or notice. or (c9 in the event that each and every the stipulations. agreements. conditions, and covenants o( said nae and this mortpse, are not duiy, promptly. and fully pertormed: then in either or any wch event, the saiQ aggesate wm mentaned in said note then reaiiinir~ unpoid. witb interest xcrued to that time, and all moneys secured hercby. shall bocome due snd payabk forthwith. or thereatter. at the option d said ~wrtp~,ee. st fuily and canpktefy as if all of the said sums of mon- ey were ori~nally stipulated to be paid on such day. any~lung in said rate or in this mortgage to the contnry notwithstandina: and thereupon or therea(ter. at the option of said mort6agoe. withou~ notice a demand. wit u law or in equitY. may be proxcuted as if all awneys securcd here- by had matured prior to its institution. The mortgagee may torecbse this mortgase. as to the amount so docluod due and payabk. and the said premixs shall be sold to satisty and pay the same tqgether with costs, expenses. and a{bwances. ln case oi putial torecbwrc of this mortrage. tbe mort~ed prcmises shall be sotd wbject to the continue~lie~d ~is u~aneage for the amount ot tbe debt not the~ due and unpaid. In wdi cast tbe provisions of this pangnph may again be availe~ of tliereaiter trom time to time by the mortaa~a. ~ ~ i ~ . _ 8~~7~ ~ ii4 ~ ~ ~