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'~~~~i.. ? ~R~!.i' L ~ ~wd insurance premiuma~ ae the case may t~e such excess ehall l~ credited by the mortgagee on subsequent payments to be mAde by the mortgagor. ~f, howev~r, the monthly payrnents made by the mortgas~op ~ nnder {b) of pa~ragraph 2 preceding shall nat be Suf~cient to pay ~round rent$~ taxea ana assessments und insurance premiume as the case may ba, when tlie same ahall becoine due and payabie, then tho ' j mortgagor shall pay to t~e mortgagee any amount nec~ssary to make up the deflciancy, on or before the date when paynient of euch graund rents, taxes, assessmenta~ or insurance premiume ~hall be dus, If 1 at any tixne the mortgagor $hall te~der to the mortgagee in accordance with the provisions of the note , aecured hereby, full p~yment of the ~ntire indebtedness represented thereby, the mortgagee ahall~ in com- ~ puting the amount of such indebtedness, credit to the account of the mortgagor all pa~rments made under the proviaions of (a) of paragraph Z hereof which the mortgages has not become obligated to pay to the Federat Housing Commission~r and any balance remaining in the fundg accumulated under the provisions of (b) of aaid pai•agraph 2. If thei~e ehall be a default under any of the provisions of this mortgage, re- sulting in a public aale of the premise~ covered here5y~ or i# the mortga~ee acquires the property other- wise aft,er default, the mortgagee ahall apply, at the time of the commencement of such proceetlings or at the time the property ia other.wise acquired, the balarice then remaining in the funds accumulated under (b) of paragraph 2 pr~ceding as a credit again9t the amount of prmcipAl then remaining unpaid under ~aid note and ahall properly ~djust any payments which shall have b~n made under (a) of said paragi•aph. ~ 1 4. That he will pay all taxes, sasessmenta, watc3r rates, and other governmental or municipal charges, ~ j - fl nes, or im~ositioYisj for which provision has not b e en ma de herein before, and in def~ult thereof the mort- i' ~ gagee may pay the same; and that he will promptly deliver the oflicial receipta therefor ta the mortgagee. ~ ' 6. That he will permit, commit, or auffer no waste, impairmsnt, or deterioration of said property or , any part thereof; and in the event of the failure of the mortgagor to keep the buildings an saia prcmises and tho~e to be ~erected on said premises, or imF~ ovements thereon, in good repair, the mortgagee may make such repairs as in its discretion it may deem necessary for the praper preservation thereof, and the ~,#ull amou~t of cach and every such payment shall be immediately due and payable, and ahall be secured ~ ~ by th~ fien of t~ii$ mortgage. ~ B.~Tha~ he will pay all and singular the costs, charges, and expenaes, including reasonable lawyer'a ' ~ icee~ and c~rsta of abstracts of title, incurred or paid at any time by the mortgagee because of the failure ? on the part of the mortgagor promptly and fnlty to perform the agreements and covenanta9 of said prom- ` issory note and this mortgage, and said costs, charges, and expenses shall be immediately dus and pay- - able and ahall be secured by the lien of this mortgage, _ 7. That he will keep th~ fmprovements now exi~ting or hereafter erected on the~mortgaged property, insured as•may be required from time to time by 4he mortgagee against loss by ftre and other hazards, caeualtie$, and contingenciea in ~such amounte and for such periods as may be r~quired by mortgagee, . . and will pay~ promptly~ whett due, any premiuma on such inaurance for payment of which provision has . ~ no~~bee~:made~hereinbefore. All insurance shall be carried in cotnpanies approved by mortgagee and t the ~polic2~s;;a~d~ renewals thereof ahall he held by mortgagee and have attached thereto loss payab~e ~ elauses-in favor of and in form acceptable to the mortgagee. In event of loss he will give immediate ' no~ice by,~n~il to mortgagee, and mortgagee may make proof of loss if not made prnmptly by mortgagor, ~ and 'each insurance company concerned is hereby authorized and directed to make payment for sueh ~ ' clQss directlX•to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or ~ i ~aiy part thereof, may be applied by mortgagee at its opfcion either to the reduction of the indebtedness i hereby se~cured or to the restnration or repair of the property damaged. In event of foreclosure of this ~ ~ mortgage or other transfer of title to the martgaged property in extinguishment of the indebtedness ' secured here~y~ all right, title, and int~rest of the mortgagor in and to any insurance policiea then in force ~ ahall p~ss to th~ purchaser or grantee. - : i 8. That the mortgagee may, at any time pending a auit upon this mortgage, apply to the court hav- ing jurisdiction thereof for the appointment of a rece~ver, and auch court ahall forthwith appoint a receiver of the premises covered hereby all and siiigular, including all and singular the. incume, profits, ~ iasues, and revenues from whatever source derived, each ~nd every of which~ it being exgressly under- ! etood, is hereby mortgaged as if epecifically set forth and described in the granting and habendum clausea hereof~ aad ~uch receiver shall have all t}?e bmad and effe~etive functions and powers in anywige i entrusted by a court to a receiver, and such appointment ahall be made by such court as an admitEed ~ equity and a matter of abaolute right to said morEgagee, and without reference to the ~adequacy or inad- ~ equacy of the value of the property mortgaged or to the solvency or insolvency of said mortgagor or the ; defendants, and thst such rent~, profits, income, issues, and revenuea ahall be applied by such receiver ~ ~ accarding to the lien of this mortgage and the practice of auch court. In the event of any default on the ~ ~ part of the mortgagor hereundert the m~rtgagor agrees to pay to the mortgagee on demand as a reason- able monthly rental for the premises an amount at teast equivatent to one-twelftit t3is) of the aggregate of the twelve monthly install~nents gayable in the then current year plus the actual amount of the annual taxes assessments, water rates, and insurance premiums for such year not covered by the aforesaid ; # mont,~ily payments. . 9. The mortgagor further covenants that should this mortgage and the note secured hereby not be eligible for insurance under the National Housing Act within 30 days from the date ~ereof : i (written statement of any officer of the Federal Housing Administration or authorized agent of the T 1' Federal Housing Commiasioner dated subsequeht to.the afores~ id ' time from the date of this ~ martgage, declining to insure said note and- this mortg~ge, being deemed conclusive proof of such in- eligibility), the mortgagee or the holder• of the note may, at its option, declare ail sums secured hereby f.! immediately due and payable. ~ . ~ . - 10. That {a) in the event af any bresch of tfiis mortgage or default on the part of the mortgagor~ or . ~,s ~ (b) in the event that any of said sums of money herein referred to be not promptly and fuUy paid with- . out demand or notice, or (c) in the event that each and every the atipulations~ agreements, conditforua, and covenants of said note and this mortgage, are not duty, promptly~ and fully performed; ~then in either or any such event, the said aggregate sum mentioned in saic~ note then rernaining unpaid, with • . interest acerued to that time, and ail moneys secured hereby, shall become due and payable forthwith, f; . or thereafter~ at the option of said mortgagee, as fully and completely as if al! of the said sums of maney were orginally stipulated to be paid on such day, anything in said note or in thi$ mortgage to the contrary ~ = notwithstanding; and thereupon or thereafter, at the optian of said mortgagee, without~ notice or demand, suit at law or in equity, may be prosecuted as if all moneys secured hereby had matured prior to ita insti~ ~ ` ~ ~lttiOA. The mortgagee may foreclose this mortgage, as to the amount so declared due and payabte, and ' the said premises shal[ be sold to satiafy and pay the same together with costs, expenaes, and allowances. In ca~e of partial foreclosure of this mortgage, the mortgaged premises shall be sold subject to the con- i; tinuing lien of this mortgage for the amount of the debt not then due and unpaid. In $uch case ~e pro- s M visions of this paragraph may again be availed of tliereafter frnm time to time by the mortgagee, i ~ . il. That the mortgagor will give immediate notice by mail to the mortgagee oi any conveyanc~, . ; transfer, or change of ownership of the premises. ~ j i 22. That n+~ waiver ~f any covenant herein or of the obligation secured hereby shall at any tinn,e ~ ~ there$tter be held to be a waiver of the terms hereof or of the note secured her~ti~r,~ . . , . ~