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<br />1008,32
<br />added
<br />inadc shall be add to the principal sum owing on the above
<br />I hat the
<br />T1 Mortgagor will keep the buildings upon said
<br />note. shall be secured hereby, and shall bcar interest at the rate
<br />premises in good repair, and neither commit nor permit waste
<br />set forth in the said note, until paid.
<br />upon said land, nor suffer the said premises to be used for any
<br />unwwful purpose-
<br />That the Mortgagor -hereby assigns, transfers and sets over
<br />i o The Mortgagee, pa
<br />to be applied toward the payment of the note
<br />11. That if the premis-ei, or any part thereof, be condemned
<br />and all sums secured hereby in case of a default in the perfor-
<br />under the power of eminent domain, or acquired for a public
<br />many of any of The terms and conditions of this mortgage 3r the
<br />use, the damages awarded, the proceeds for the taking of, or the
<br />said note, all the rents, revenues and income to be derived from
<br />consideration for such acquisition. to the extent of the full
<br />the mortgaged premises during such time as the mortgage in-
<br />amount of indebredafts; upon -this mortgage and the note which It,
<br />debtedness shall remain unpaid, and the Mortgagee shall have
<br />is given to secam remaining unpaid. are hereby assigned by the
<br />power to appoint any agent or agents it may desire for the pur-
<br />Mortgagor to the Mortgagee. and shall be paid forthwith to said.
<br />post of repairing said premises and of renting the same and cot-
<br />Mortgagee to be applied by The laver on account of the r-ext
<br />letting the rmts. revenues and income, and it may pay out of
<br />maturing n-waffinents of such indebtedness.
<br />said incomes i all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting .and managing 'be
<br />12. The Mortgagor further agrees that should this mm gW
<br />same and of collecting rentals therefrom: the balance remainini,
<br />and the note secured hereby not be eligible for insurance undff
<br />if any, to be applied toward the discharge of said mortgage
<br />the %anonal Housing Act within 60 days dAYS
<br />trideitedness
<br />from the date hereof (.11nen statement of any officer of the
<br />8. That the Mortgagor will keep the improvements now ex-
<br />Deparunent of Housing and Urban Dzvelopment. or authanzed
<br />imug; or hereafter erected on the mortgaged property, assured as,
<br />asenz of the Secretary of Housing and Urban Development dated
<br />may be required ft
<br />from time to time by the Mortgagee against loss
<br />slibseilOm so rice V Time from the dot
<br />60 days day
<br />by fire and other hazards, ciu;uakies and contingencies in such
<br />of this =w-4aVr_ dechaing To insure said note and This mortSrgr,
<br />amounts and for such periods as may be mqutred by the Mort-
<br />bmg demmd conchm-c proof of such ineligibiliqr), the M701-
<br />gatee and will pa3, promptly. when due, any premiums on such
<br />rgaw or hokler of the note may, at us option, declare an susses,
<br />insurance provision for Payment of which has, rim been male,
<br />secured baxtri aurnedistely doe and payaW — See Salow
<br />hemnWore. All insurance shall be carried in compamesap-
<br />proved tn the Mortgagee and the Wic
<br />-tes; =d renewals thereof
<br />- 13- That The- Monvagor fails to make any paymcm of
<br />shall be held by the Mortgagee and have artad them
<br />ed toss
<br />on� wbm tier same bcoowe,dur, o- fails to conTeem To and
<br />payable clauses in favor of and in form acceptable to the Mor-
<br />-V-h any of the -cosidaons or agreements comained m
<br />lgagec. In vvrm of loss Mortgagor will give immediate notice by
<br />This stsormw, of The note Which it Senn es; then the entis pnia-
<br />mad To The Mortgagee. who may make proof of loss if not made
<br />Cipail Sum And accraw Interest shall at Once bed o= dire a3d
<br />ejck—_;oa
<br />proniptly by Mortgagor. and each initirance 1004%"Y concerned,
<br />payahte. as the of ih,- m.OFXP4PeC, and djis 010112W MW
<br />is heretw authorized and directed to make payment for such Im
<br />tticrempOss be foucdosed anowdiarely for the vdiole- of said
<br />directly to the Mortgagee instead of To the Mortgagor, and, the
<br />vnonrv, Ofiam, moodtly palm—, costs, peund reacts. tastes
<br />Mortgagee jointly. and the insurance proceeds, or any part
<br />aTbe oof = habstract of Ate tram the 4wof
<br />4
<br />dvera,
<br />A, may bee appW by the Morttagae a., us option entser to
<br />thas, lom to tbc tMe of such foreclosure s3it. and a '2
<br />Tbe reduction of the indebtedness heretm secured or to the
<br />reasonalile mornes, I&-- AD of which shall be induded in dw
<br />toreclostar,
<br />restoratum or repave of The PTOPMY 4ainaged, in event of
<br />aecrw of and the conav" embodwd in this awairaft-
<br />foreclosure of this mortgage or other transfer of title :0 the mor-
<br />and the note m-_ aced hereby. shah" in an vespem be'
<br />tgavd property in extinguishment of the indettedocss secured
<br />construed 40d Adjudged � The laws of �f a, wbar ibe SX__W
<br />hereby, 0 n&, rule and interest Of the MortORMin and to
<br />is
<br />am insurance poticift then in force SW pass to the purdom or
<br />TIs.. co,� beven! shall hind, and IN- beneft
<br />vmtee.
<br />And advQ=Wft 0" mu;f W,% the TCVCCIi%V ad-
<br />9. Thw as addaw" and coUterai securtry ior
<br />4. payraera
<br />vewnftstors soccieftom, and assiSm of the parties hewer_
<br />WICK'Wf Amed, dw WWnlar tnimber sha nictud, the pllonaL dor
<br />of the am described, and &U *n. - to become du ua& r dus
<br />ptseni tle fiWgXr. asd tbt e of Am vm&-, Shaniachidr ag
<br />2
<br />—Sage. the Mortgagor hereby she
<br />r-fils. r-VW0, rovakws. naUs and benW" somM to the
<br />Mee%gagor I any and So on and VU )CMSO an JOW VF=*M
<br />n -_D&aws� -a -ad siai;uiiar- brins'permtmcd ac-
<br />with the ri receive
<br />-ght to and
<br />zor&W to dvir ixonral mod legal dos couvryance
<br />talp"t.
<br />to said indebtedness as well before as after detauth in the cosdi-,
<br />ft Vmd and SAO reirseses. Feleawd as dut experw of the-Mort
<br />Ai0m of this mortIlair- wW die Mor;*Wc vW ftwnd sibe tw
<br />04-- odwwwiw to be Ana [=mm in full force am vied -
<br />and recover any such paymessis when Jue and PaYANC, bwt shag
<br />not be required so w do- This assignuicen is to ftromak- and
<br />become null and void upon release of this mortgagc.
<br />In Witness 0 the Mortgagoqs) ha hm%iMD sm
<br />hasidisi The din and y"W first *bow arrtm_
<br />vi
<br />thei r
<br />In presence of-
<br />ASO"
<br />tl TM s OPti*A may r7ot, be exercised by tt.
<br />siortoagee when the ineligiWlt�y for
<br />nce
<br />insure utid2 r the kational Housing
<br />RANDAL -,RPJdD-I% ONVATONUI
<br />Act
<br />i s due to ttw mortgagee's failure to
<br />is-at
<br />il
<br />remit tt* wortgage- insurance premium
<br />U the Det;artwept of Housing and Urban
<br />if
<br />Devellooment-
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