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<br />200702331 <br /> <br />5 <br /> <br />payments of the same nature required thereunder; but if any such item shall exceed the estimate <br />therefor, or if the Mortgagor shall fail to pay any other governmental or municipal charge, the Mortgagor <br />shall forthwith make good the deficiency or pay the charge before the same becomes delinquent or subject <br />to interest or penalties and in default thereof the Mortgagee may pay the same. All sums paid by the <br />Mortgagee and nay sums which the Mortgagee may be required to advance to pay mortgage insurance <br />premiums shall be added to eh principal of the debt secured hereby and shall bear interest from the date of <br />payment at the rate specified in the Note and shall be due and payable on demand. In case of termination <br />of the contract of Mortgage Insurance by prepayment other Mortgage in full, or otherwise (except as <br />hereinafter provided), accumulations under (a) of the preceding paragraph hereof not required to meet <br />payment due under the Contract of Mortgage Insurance, shall be credited to the Mortgagor. If the <br />property is sold under foreclosure or is otherwise acquired by the Mortgagee after the default, any <br />remaining balance of the accumulations under (b) of proceedings or as of the date the property is <br />otherwise acquired; and accumulations under (a) thereof shall be likewise credited unless required to pay <br />sums due the Secretary of Housing and Urban Development, acting by and through the Federal Housing <br />Commissioner under the Contract of Mortgage insurance; <br /> <br />11. That the Mortgagor will pay all taxes which may be levied upon the Mortgagee's interest in said <br />real estate and improvements, and which may be levied upon this Mortgage or the debt secured hereby <br />(but only to the extent that such is not prohibited by law and only to the extent that such will not make <br />this loan usurious), but excluding any income tax, State or Federal, imposed on Mortgagee, and will file <br />the official receipt showing such payment with the Mortgagee. Upon Violation of this undertaking, or if <br />the Mortgagor is prohibited by any law now or hereafter existing from paying the whole or any portion of <br />the aforesaid taxes, or upon the rendering of any court decree prohibiting the payment by the Mortgagor <br />of any such taxes, or if such law or decree provides that any amount so paid by the Mortgagor shall be <br />credited on the mortgage debt, the Mortgagee shall have the right to give ninety days' written notice to <br />the owner of the mortgaged premises, requiring the payment of the mortgage debt. If such notice be <br />given, the said debt shall become due, payable, and collectible at the expiration of said ninety (90) days. <br /> <br />12. That Mortgagor will not commit, permit, or suffer waste, impairment, or deterioration of said <br />property or any part thereof, and in the event of the failure of the Mortgagor to keep the buildings on said <br />premises and those to be erected on aid premises, or improvements thereon, in good repair, the Mortgagee <br />may make such repairs as in its discretion it may deem necessary for the proper preservation thereof, and <br />any sums paid for such repairs shall bear interest from the date of payment at the rate specified in the <br />Note, shall be due and payable on demand and shall be fully secured by the Mortgage; <br /> <br />13. That if there shall be a default in any of the terms, conditions, or covenants of the Mortgage, or <br />the Note secured hereby, then any sums owing of the Mortgagor to the Mortgagee shall, at the option of <br />the Mortgagee, become immediately due and payable. The Mortgagee on any holder of the Mortgage and <br />the Note secured hereby shall then have the right to enter into the possession of the mortgaged premises <br />and collect the rents issues, and profits thereof, in any action to foreclose, the holder ofthe Mortgage shall <br />be entitled the appointment of a receiver of the rents and profits of the mortgaged premises as a matter of <br />right and without notices with power to collect the rents, issues, and profits of said mortgaged premises, <br />due and becoming due during the pendency of such foreclosure suit, such rents and profits being hereby <br />expressly assigned and pledged as additional security for the payment of the indebtedness secured by this <br />Mortgage, without regard to the value of the mortgaged premises or the solvency of any person or persons <br />liable for the payment of the mortgage indebtedness. This Mortgagor for itself and any subsequent owner <br />hereby waives any and all defenses to the application for a receiver as above and hereby specifically <br />consents to such appointment without notice, but nothing herein contained is to be construed to deprive <br /> <br />Rental. Rider to Mort Restr Mtg 09.15.04 <br />