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g1...... 100834
<br />*+ .#:SS tlptiaati gay not be exercised by the ISeai}
<br />Vortyagee aaiaerz ttw iretigibilty for - -
<br />insurance under the National Housing Act. - --�— l
<br />is due to She'aortga"Is failure to -
<br />*emit the mortgage insurance premium iSeatl
<br />W the Department of.Housing and - Urban- --
<br />beweloyatenS. ISCA
<br />Pape 3 v, a
<br />made shall be added to the principal sum owing on the Shove
<br />10. That the Mortgagor will keep the buildings upon said
<br />'
<br />note. shall he secured hereby, and shall hear interest at the rate
<br />premises in good repair, and neither commit nor permit waste
<br />.
<br />set forth in the said note. until paid.
<br />upon said land, nor suffer the said premises to be used for any
<br />fa;
<br />unlawful purpose.
<br />That the Mortgagor hereby assigns, transfers and sets over
<br />f`
<br />to the Morgagee, to be applied toward the payment of the note
<br />1t. That if the premises, 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 />t
<br />mane of any of the terms and conditions of this mortgage or 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 exnent of the full
<br />'
<br />the mortgaged premises during such time as the mortgage in-
<br />amount of indebtedness a this mortgage and the note which Jit
<br />debtedness shall remain unpaid, and the Mortgagee shall have
<br />is given to secure ]remaittingmunpaid, hereby assigned �
<br />power to appoint any agent or agents it may desire for the par- "
<br />Mortgagor to the Mortgagee, and shall be paid forthwith to s aid
<br />pose of repairing said premises and of renting the same and col -
<br />Mortgagee to be applied by the Lazar on account of tfx hint
<br />j
<br />lecting the rents, revenues and income. and it may pay out of
<br />matutimg nayarlitnew< of such indebtedness_
<br />said incomes all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the
<br />1. The Mortgagor further agrees that should, this mortgage
<br />came and of collecting rentals therefrom, the balance remainn 4
<br />and the note secured hereby not be eligible for insurance under
<br />if any. to be applied toward the discharge of said mortgage
<br />the National Housa ig Act w-ftn 60 days days
<br />rudet4edness .
<br />from the date hawf tsariarn st ne mem of any officer of the
<br />9,
<br />8. Thaw the lips{ gagers will keep the improvements threw ex-
<br />� of Housing and Urban Development or authorimd
<br />or he+eafter erected on The mortgaged property, insured as•
<br />sa o'€ the, Secretary of Housing and urban Development s-,d
<br />. -.. may be required from time to time by the %fortgagee against foss_.
<br />y
<br />snbsequese to the 60 days - days, time from the dal
<br />sty fire ardd oiler harards, +asuahus erne contingencies in such
<br />of this morlEvsW d iining to insure said teotc and this mortgage„
<br />amour and for such periods as may be required by the Mort-
<br />"b+ei€ cheated conclusive proof of Leh met% ibtil4r), the mor-
<br />-.' . g.&x.2nd will pay' prompth± when due. any premiums on such
<br />:1P8W or builder of the torte tiny, at its option, declare erg sums.
<br />insurance provision for payment of which has not been mRdk
<br />secured h , due and payable" see Below
<br />berembef rre- Ail insurance shall be tarried in iompatiea ap-
<br />proved by the Mortgagm and the policies and renewals theicof
<br />ly- Thair if the - Mortgagor fails to make any payments of
<br />small be held by the Mortgagee and have artaehed thereto loss
<br />money wbm ther seine become die, or fads to conform to =0 "
<br />payable clauses in favor of and M form &COMUNC to the Mor-
<br />oompity with any of the iriotis or agreemenas romtab od is
<br />€gager. In even of loss Mortgagor will give immediate'wum ley
<br />diss to e, or the hoer which it see then the ewe prim -
<br />mail to the Mortgagee, who may mate proof of 'Joss if not made
<br />: st= araf ac=WA interest shaft at once become there and
<br />:promptly by Mortgagor. and each utstratam couripany con m-r',4
<br />payai+- Aff ;fee dezot2 of 7ht +trutgagt-- and this mongagz m7i,F
<br />is hereby authorized and directed to matte payer for such
<br />be foreclosed rmtmediately for the whole of said
<br />day to the Mortgagee instead of to the .
<br />'eiortptagot atuf the
<br />aa"r^*
<br />'� ' rtumthty 3aaY`mrnu= costs. ground teats, tasaer
<br />u'
<br />r,<
<br />slOrtgagm Knntly. aid the insurance proceeds. or any" pan
<br />And the cast of rxread ng the abstract of r de fry the date of "
<br />Hereof, may be applied by the Mongsgm err its Ovu mn eahea t£a
<br />this koata t W the u L of stair foreck and a
<br />the reduction of the dcbttclness b rehv secured erns as the
<br />- CA"=- C arOiaCy s fee. A of why 3hafi be mcluded'in the
<br />tesyoratart or repac of the property da�getf, In Rvrerit ale.
<br />decree of sonic dosasC and fir contract embodied an this tmtt
<br />A
<br />forotiosure of this tnostgage or, ether transfer of tick to the ram-
<br />and the new seruted hereby, sl asp in all respects be ytfreraed,
<br />tgasad Prerpert± w CtUittguishmem of the aidebtedoess secured
<br />wed and added by the laws of aik*aid at, iii+ece dw same
<br />tcretry. an right, title and timseu of the Mortgagor in and to
<br />ra taiadG.
<br />�s
<br />i
<br />Any msura> a pdalicies tfrtst in sorer pass tta p t# er ,
<br />The b�� cont shall bird, and the l?rnrFirs "
<br />gsarttee.
<br />-tad AdIrAntapts, staff katre to, the respective tress. executors, aid-
<br />�9_ That as additatral and collateral security' for ine pays
<br />� "lterrecer' �s> anetas s of the patfies't�tetsx.
<br />the 5111g10thar number snail iriditde the plMral, the
<br />yl
<br />.!
<br />of the note described, and all sums to bootime, due wades this
<br />eaongage. the l rxgagor hereby assigns to tide mortbagee ab
<br />^
<br />� �d z� me of atiy gG£tdc shad! ofd . "
<br />profits, rrvt tuts; ro-Valutes, rights and bend -9s aei raing W the
<br />i%ttgagoe >imder any and all oil and gas leases on.saad premises,
<br />The . kcqP aS and stagular, being pied ac
<br />Walt the right to recri -e and rexapt for the same and appd} tb m ;
<br />O ao noon anal legal - praa'r. this --T-- sites
<br />to said indebtedness as wed txiorc as after ttcfauk is fbG coodi-
<br />be vim+ d i said rc9 eel at nix exp�e'o€ the Nks n-
<br />*urrs of this gage, and re may: ,sate f�
<br />»wise .o he xertiaat err fed forte and effex�
<br />and rocovtit any such pavmems when due and payabk. but siaad
<br />trot be required so to do, Thu asseamem is to tam and
<br />become null and void upon release lit this mortgage,
<br />to wptam Whereof she M- tgagor(s) lea s hesemno set
<br />xis psi the day and seat fast abtnr wrirten-
<br />In luesemot of_
<br />*+ .#:SS tlptiaati gay not be exercised by the ISeai}
<br />Vortyagee aaiaerz ttw iretigibilty for - -
<br />insurance under the National Housing Act. - --�— l
<br />is due to She'aortga"Is failure to -
<br />*emit the mortgage insurance premium iSeatl
<br />W the Department of.Housing and - Urban- --
<br />beweloyatenS. ISCA
<br />Pape 3 v, a
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