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5. That he wil! pem:it, oommit. or sufier no waste, impairment, the practia of weh uoun. In tl~e event of any detault on the aart
or deterioration of said pro~xrty or any pan thereof; and in th~ of the Mortgagor hereunder, the Mortgagor agras to pay to the
event of the failure of the Mortgagor to kap the buildings on said Mortgagee on demand as a rcuonabk monthly ~tntal (or the
premises and thase to be trectod on said premises, or improvements prcmiscx an amount at least equivaknt to oru-twelfth 11/12) ot the
theroon, in good rcpair, the Mortgagee may make such repairs az aggrcgate of the twtive month{y irstaltmeots payabk in tix then
in its discretan it may dtem nocessary !or the proper preservation current year plus the actual amount of the annuai taxes,
theroof. and the fuU amount of each and every such payment shall assasments, water rates, and insuranoe ~rcmiums for such ~°ear not
be immediately due and payabk, and shall be secured by the lien covered by the aforesaid mor~thly payments.
of this Mortgagx.
6. ~t ~ wi11 10. That ~a1 in the event of any breach oi this mongage or
pay all arsd singular the casts, charges, and ex- detault on tht part of the Mortgagor, or Ibl +n thc evtnt that any
penses, including nasonabk lawyer's fea, and oosts of abstracts of of said sums of money hercin reterred to be not prompUy and fully
titk. incurred or paid at any time by the Mortgagee bxause of the paid without demarid or notia. or Ic) in the event that cach and
failure on the pan of the Mortgagor promptly and fuUy to perform every the stipulations, agramenss, oonditions, and covenana of
the agroemena and oovenants of said promissory note and this said note and this mortga~e, art not duly, promptly, and fully per-
mortgage, and said oosts, charges, and expenses shal! be immediate- formed: then in either or any ~uch event, the said aggreg,ate sum
ly due and payable and shall be secured by the lien uf this mentaned in said note then remaining ur.paid, with inttrest ac-
~rt&a8~• crued to that time, and atl moneys secured hereby, shatt bocort~e
due and payabk forthwith, or thereafter, at the option of said
7. That he will keep the improvements now~ exis[ing or Mortgagee, as fully and oompktely as if aU of the said sums of
hereafter eratod on the mortgaged property insurcd as may be re- money were originally stipulated to be paid on such day, anything
guirod from time to time by the Mortgaga against loss by fire and in said note a in this mortgage to titie caontrary notwithstanding;
other ha7ards. casualties, and oontingencies, in such amounts and and thereupon or thereafter, at the option of said Mortgagee,
for such periods as may be roquired by Mortgagee, and will pay w~ithout notice or demand, suit at !aw or in equity, may be pro-
prompcly, when due. any premiums on such insuranoe for payment sxuted as if all moneys socured hereby had mawred prior to its in-
of which provision has not ban madt hereinbefore. AII insurance stitution. The Mortgagee may forecbse this rnortgage, as to the
shaU be carricd in oompanics approved by Mortgaga and the amount so declared due and payable, and the said premius shall be
policies and renewals thereof shall be held by Morcg,3gce and have sold to satisfy anc pay the same together with costs, expenses, and
attachod thercto loss payabk ^.tauses in favor of and in form acap- allowances. In cast of partial foroclosure of th~s mongage, the
table to the Mcxtgaga. In event of bss he will give immediate mortgagod premises sha11 be soid subject to the continuing lie~i of
notiae by mai! to Mortga~cx, and Mortgagee may make proof of this mortgage fo~ the amount of the debt not then due and unpaid.
loss if not ma~ie promptly by Mortgagor, and each ir~surance com- In such case the nrovisions of this paragraph may again be availed
pany ooncemed is hereby authoriud and directed to make payment of thereafter from time to time by the Mortgaget.
for such lo6s directfy to the Mortgaget iastead of to the Mortgagor
and the Mortgagee jointly. and the insurance procecds, or any part 11. That he will give immediate notice by mail to tl~e Mort-
theroof, may be applied by the Mortgagex at its optan, either to gagee of any conveyance, transfer, or change of ownership of the
the reduction of the indebtedness hereby socured or to the rescora- premises.
tion or repair of the property damaged. In event of foceclosure of
this mortgag° and other transfer of title to the mortgaged property 12. That no waiver o~ any co~•enant herein or of the obligation
i in extinguishment of the indebtedness secured hereby, all right, title secured hereby shall at any time thereafter be hek~ to be a w•aiver
and interest of th^ Mortgagor in and to any insurance policies then of the ternu hereof or of the note serured hereby.
in force shall pass to the purct?aser or grantee.
13. That if the Mortgagor default in any of the oovenants or
8. That if the premises, or any part thereof, be oondemned agrcements contained herein, or in said note, than the Mongagee
under any power of eminent domain, or acquired for a public us~, may perform th~ same, and all ezpendit~res lincluding reasonable
the damages, prooaeds, and in consideration for such acquisition, to attorney's feesi made by the Mortgagee in so doing shall draw in-
the extent of the fufl amount of indebtedness upon this Mortgage, terest at the rate set torth in the note securcd hereby, and shall be
and the Note secured hereby remaining unpaid, are hereby assigr:ed repayable immediately and without demand by the Mongagor to
by the Mortgagor to the Mongagee and shall be paid forthwith to tix Mortgagee, and, together w~th interest aod costs acrruing
tix INortgagee to be applied by it on account of the indebteaness thereon, shali be setured by this mortgage.
secured hereb~~, whether due or not.
14. That the mailing of a written notice or demand addressed
9. That the Martgagee may, at any time pending a suit upon to the owrier of ~ecord of ihe mortgaged premises, or directed to
this mortgage, apply to the coun having j~risdictan thereof for the the said owner at the last address actualty furnished to ehe Mort-
a~+pointment of a receiver, and such oourt shall fosthwith appoint a gagee, or c':irected te said owner at said rt~ortgaged preniises, and
recerver of ttae premises covered hereby all and singular, incfuding mailed by the United States mails, shall be sufficient n~tice and de-
ail a~d singular the income, ar~Cu, ~sues, and revenues from mand in any c~se arisiog under this irutrument and required hy the
whatever source derived, each and evtry of which, it being express- provis~ons hereof or by law.
ly understoai, is hereby mongaged as if specifically set fonh and
des+;ribod in the granting and habendum clauses hereof, and such I5. Ttie Mortgagor further coven3r~ts tha: should this mortgage
receiE~~r shali have atl the broad and effective funetions arid powers and th~ riote secured hereby not be eligible for iruurance under the
in anywise entrusted by a court to a reoeitier, and such appoint- National Housing Act within 90 days
r*ient shal; be mzde by such ooun as an admitted r,quity and a from the date Iwritten statement ~f any officer of the Department
matt~r ot ahsolute right to said Mortgaga, arxi without referenct of Housing anci Urban peveiopment a ao.tw~:zed agent of the
to the adequa~,y or inadequacy of the value of the property mort- ~etary of Iiousing and Urban I~velopment datc subsoquent to
gaged or the solvency of said Mortgagor or the dcfendants, and the 9Q days' time from the date of tt~~c
that such rents, profiu, inoome, issues, and revenues shali be ap- mongage, doclimng to insure said note and this mortgage, being
plied by such reaiver acoording to the fien of this mortgage and deemed canc~usive proaf of such inekgibi~ity?, the Mortgagee or
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