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the Mortgagor all paymenU macie under the provisions of {a) of the damages, proooods, and the oonsideration for such aoquisition,
paragraph 2 hereof which the I4lortgagee has not beoome obligated to the extent of the fuli amount of indebtodness upon this Mort-
to pay to the Secretary of Nousing and Urban Development and gage, and the Noto socured hereby rcmain~ng unpaid, are hereby
any balance remaining in the funds avcumulatad under the assignod by the Mortgagor to the Mortgaga and shall bc paid
provisions of (b) of said paragraph 2. If there shall be a default forthwith to the Mortgagee to be applicd by it on acoount of the
under any of the provisions oi this mortgage, tesulting in a public indebtedness secured hereby, whether due or not.
sale of the premises coverod hereby, or if the Mortgaga aoquires
the property otherwist after default, the Mottgagee shall apply, at 9. That the Mortgagce may, at any time pending a suit upon
the time of the commencement of such procecdings or at the time this mortgage, apply to the oourt having jurisdiction thereof for the
the property is otherwise aoquired, the balance then rtmaining in appointment of a roaiver, and s~ch court shal! forthwith appoint a
the funds accumulated under ib) of paragraph 2 preooding as a roceiver of the pnmists oovered hereby all and singular, including
credit agairut the amount of principal then remaining unpaid under all and singutar the incon~e, profits, issues, and revenues from
said note and shall properly adjust any payments which shall have whatever source derived, wch and every of which, it being
been made under (a) of said paragraph. expressly undcrstood, is hereby mortgagod as if specii'ically set forth
and described in the granting and habendum clauses hereof, and
4. That he will pay all taxes, assessments, water rates, and such raxiver shall have all the broad and effoctive f4nctions and
other governmental or municipal charges, ::es, or impositions, for powers in anywix entrusttd by a oaurt to a receiver, and such
which provision has not been made hereinbetore, and in defauk appointment shall be made by such oourt as an admitted equity
thereof the Mortgagee may pay the same; and that he will and a matter of absolute right to said Mortgagee, and without
promptly deliver the official receipts thecefor to the Mortgaaee. refere~e ta the a~quacy or inadoquacy of the value of the
property moRga~od or to the solvency or insolvency of said Mort- ;
5. That he wil! permit, commit, or suffer no waste, impairment, gagor or the defendants, and tttat such rents, profits, income,
or deterioration of said properiy or any part thereof; and in the issues, and revenuas shall be applied by such reoeiver according to
event of the failure of the Mortgagor to keep the buildings on said the lien of this axitt~tge and the practia of such court. In the
premises and those to be erecte~ on said premi9es, or improvements event of any default on the part of the Mortgagor hereunder, the
thereon, in good repair, the Mortgagce may make such m.pairs as Mortgagor agrces to pay to thc Mortgagce on demand as a
in its discretion it may deem neoessary for the proper preservation reasonable monthly rental for the premises an amount at least
thereof, and the full amount of each and every such payment shall equivaknt to one-twelfth (1/12! of the aggregate of the tv,~elve
be immediatcly due and payabk, and shall be secured by the lien monthly irutallments payable in the then curnnt year plus the
of this Mortgage. actual amount of the annual taxas, assessments, water rates, and
insurance praniums for such year not covered by the aforesaid
6. That he will pay ali and singular the oosts, charges, and monthly payments.
expenses, including reasonable lawyer's fees, and oosts of abstracts
of title, incurred or paid at any time by the Mortgagee because of 10. That (a) in the event of any breach of this mortgage or
the failure on the part of the Mortgagor promptly and fully to default on the part of the Mortgagor, or (b) in the event that any
perform the agrcements and covenants of said promissory note and of said sums of money herein referred to be not promptly and fully
this mortg,age. and said oosts, charges, and expenses shall be paid without demand or notice, or (c) in the event that each and
immediately due and payable and shall be secured by the lien of every the stipulations, agreements, oonditions, and covenants of
this mortgage. said note and this martgage, are not duly, promptly, and fully
performod; then in either or any such event, ths said aggegate sum
7. That he will keep the improvements now existing or mention~d in said note then remaining unpaid, with interest
hereafter erected on the mortgaged property insured as may be aocruod to that time, and aq moneys socured hereby, sha11 beoome
required from time to time by the Mortgagee agairut loss by fire due and payabk forthwith, or thereafter, at the option ot said
and other hazards, casualti~s, and oonting~encies in such amounts Mortgagoe, as fully and c~ompletely as if aU of the said sums of
and for such periods as may be required by Mortgagce, and will money wett originally stiputated W be paid on such day, anything
pay promptly, when due, any premiums on such insurana for in said note or in this mort~ge ta the oontrary notwittutanding;
payment of which provision has not been made hereinbefore. All and thereupon or thersafter, at ths option ot said Mortgagee, .
insurar~ce shall be carried in companies approved by Mortgagee without notive or demand, suit at law or in equity, may be
and the policies and renewais thereof shall be held by Mortgagee prosocuted as if aU moneys secured hereby had matured prior to its
and have attached thereto bss payabk clauses in favor of and in institution. The Mortgagee may toreclase this mortgage, as to the
fQrm acceptable to the Mortgagee. In event of loss he wiU give amount so declared due and paj+abk, and the said premises shall be
immediate notice by mai! to Mortgagce, and Mortgagee may make sold to satisty and pay the same together with c~sts, expenses, and
proof of loss if not made promptly by Mortgagor, and each allowanas. In case of p~rtiat forecbsure of this mortg,age, the
insuranoe oompany ooncerned ~ hereby authorized and directed to mortgaged Qrtmtses shall be sold subjtct to the oontinuing lien of
make payment for such loss direcdy to Mortgagce irutead of to this mortgage for the amount of the debt not then due and unpaid.
Mortgagor and Mortgagee jointly, and the insuranoe proaxds, or In such case the provisions of this paragraph may ag,ain be availed
any patt thereof, may be applied by Mortgagce at its option either of thereafter from time to time by the Mortgagee. -
to the reduction of the indebtedness hereby secured or to the
restoration or repair of the propetty dsmaged. In event of I1. That he will give immediate notice by mail to the Mort-
foreclosure of this mortgage or other transfer of titk to the gagee of any oonveyance, transfer, or change of ownership of the
mortgaged property in extinguishment of the indebtedness secured premises.
hereby, alf right, titk, and interest of the Mortgagor in and to any
insurana policies then in force shall Qass to the purchaser or 12. That no waiver of any oovenant herein w of the obligation
granta. secured hereby shall at any time thereafter be held to be a waiver
of the terms hereof or of the note secured hereby.
8. That if the premises, or any part ttiereof, be condemned ~
under any power of eminent domain, or acquired for a public use, 13. That if the Mortgagor de[ault in any of the covenants or
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