|
<br />84 -~" 00176
<br />Said promirory not! wa given to rococo a loan in which the .`;a,all Bwinna Adminiuntion, an agency of the
<br />United Stereo of America, hat participated. -n compliance with seetioa 101.11 d l of the Rulw and Roguletiattt of
<br />the Stall Btuitaat Adminiuration (13 f F.R. 101.I(dl j, thin itWrument is to be conuroed and enforced in a~~ord-
<br />r~ with appliea-le Federal bw.
<br />1. The ttaortgager eeewmu aed agrees r folbwe:
<br />e. He wiB promptly pay the itedebted.er evidenced by rid promirsry note a the times tt~d in t11e
<br />tptaer thete~ provided.
<br />6. Hs will pay all utw, attertneab, eraser ntea, and other govettltmenta) or tatta:cipd ehrtrpr, 6wi a
<br />itapeteitiooa, for wbieh provitiee hr na been made heteinbefote, and will promptly deliver the afieia} noe}pL
<br />thettefor to the raid mertgasee.
<br />r. 8e will pay retch eapentr attd fees r may be ittavrred in the protection and maietenuee of ttttii
<br />pnperty, inehtdiog the Fear of am aueeuey employed by the mortgagee for the colleetitta of ay er aB ttf
<br />the indebMdtter hereby rYreured. w fwreelo^un by mortRaRee'r sale, or ronrt proeeedittgss, or in any other
<br />litigation or ptoeeedieR alfrrtine raid pmprrty. AIIProryYi fen Rarrmahh inclvrcd in env other way shall he
<br />paid by the mortpROr.
<br />d. F•or beurr eecunty of rise mdrhtedneaa hlreM ~.erumd, upmt the rralurrl of the mortgagec, ib
<br />rucceron ur artipnr, hr ahail ryreutr and deliver a supplemental mortttaKe ur usortpaKes MYrring env
<br />additiwna, tmpm+rmrntr, ar bcttrrmrnte made to the proprrh hrremabnse de.cribrd and all property
<br />acgmred hp a after the Jatr hrrco( all in iwrm saueiarton to mortgagor ~ Furdsenunrr..hwuhl martgaito-
<br />(ail to run ana drtauh m the pavurnt u(a pnnr ur :nfrnur encumbrance on the property dercribed by
<br />lhia mMrrl nlenl. Ilsartra(Znr i.rrrha altfrre to permit tlrorl~a~Pe Ia .'uM !ttrh default, but It1wrl~aRle I6 Ilwl
<br />ubhplyd to do o: and wch uda once ehaU Iwrome parr nl Ihr mdrhtrdnr.• secured hr thir inrtrunlrnl.
<br />.object to the .amr Irrmr and emsdiUOne.
<br />.~. '1'hr npht. rrretrd h\ this rune r\anrr .hall rrmaw w full lone and rlieel durinK ana pawl punrwnrl
<br />or ratrnamn of the hmr of the pasmrnt of the uiJrhtrdnr.+. r\r,lrnrrd ba -.ud promsw,nr_c note ur ens part
<br />!hlrMi errafed hf lobe
<br />i. He w111 toennuawlr rnasmam hazard iuwranrr. u( each repo or types sad in wch amottnb y the
<br />morttagee maa from ~nur t.. Umr rr.tuzrr ..n th.• napnn rnrrm> ana .,r hrrrallrr :m paid prnprrla, and
<br />wtU pay promptla when due am premmma therefor- All inrurance aha11 be carried in rompaniaaceeptabk
<br />to mortgagee and the pnbcsn and rrnewab thereof r6a11 be held by monRagee and have attached thereto
<br />lo.r papabk clown In (a.ur of and in form acceptable to the mortgagee. 61 event of lore, mortgagor willgive
<br />immediate nonce to wntrnR to mortttager, and mortgagee met make prow( of lore if tmt made promptly by
<br />mortgagor, and each inruraorr rwmprnp concerned i. herebt authnnaed and directed to make payment fortueh
<br />lac directly to mortgagee rnuead aI tw mwrtttagor and mortgagor )omtly, and the irouraoee proce>edt, or any
<br />parr thereof, map 6e apphrd by mortgagor at rte option either to the roduction of the iadebtedtter hereby
<br />recured ur to the rramration or repair of the prupenv damaged wr dertroyrd. In coons wf foreclowre of shit
<br />mortgage, or other trawler of uric to eaid property rn ratnnguuhnieM of the iudehtednw rcrured hereby, all
<br />rigbt. title., acid mtrrret of rise nsrutgagor sit and to area uNUraere pwlicin thew u1 force shall par to the
<br />putchaarr ur rnurtgagr. ..r, .d !hr nplzun „( the mongagrr. ,na. Iw~ ,ur n~udrr.-.I for n re(uud,
<br />R. He w-dl keep alt husidurg. and nlhrr Yn,pn,\rsurot> un ,asd pn.prrt\ w kuod repair and euodutoo:
<br />well pefnut. comma. ur coffer nu arste, zmpaYrroent, drtrnorauuu of easel pnaprrN or ana parr thercoL
<br />us the r\rm of failure of the nrongaaur t.: i. rep ttsr buildmga nu >aul prrrulrea sad Ihnw erected wit eaid
<br />prem.arat or uupruarwrrni> tisrrruu. rn ~.-x.Yi rrprt r. liYe rnorttcaRrr wad make .urh repose" ar sit ifs dlecrelion
<br />n nlap Jean nlrrwn fur the prulrrr lirrrerv;lUon thereoL and the full ansmYnl of each and rvr•n eoch
<br />papmrrst dull 6! msmrdutela due and papablr. and shall he sentrrd ba Ihr lien of thi. nrurtga4r.
<br />h. Ht will nW aoluntarily create or permit to b! rrcatrd against the property rubjert Io thu mortgage any
<br />lien or 6ltsa infrnor ar euperinr to the fern of this mortgage without the written conceits of the mortgagee; attd
<br />iunhrr, thrt hr aril keep and mauuam the ,a nu ;err in..o the .lases of ail per«,rYa >a pph mg lalwr an
<br />eiateria4 for rurutrurtrun of ana and ail huildiuge or ;uspnr. rnY. ra. nna hrurg rrretrd or In hr rrcetrd nu
<br />raid pretoirea
<br />. Ne will not refit nr aaugn anp pan of the ern! of wnl mungagrrl pruprrly ur demuli>h, or rruruvc,
<br />.u nubstauuallp ahrr arz. bnildintz aHhout the wn[tru.nnarw of the morlga;trr
<br />t. All awardr of damageu sit cunnrruu+s auh uz\ ruudruuYaltan fen puLLr u.r ul ur uziun In an) ut for
<br />properta vubjrct tw ehu mortgage are hrrrb} awgnrel aid obeli br peed iw nwrlgager, who map appip the
<br />*ansr in paanwnt of the Ynwlallnw-ntx ia.t do! under eaid nuts, au,l murlllaKrr r> hlreM anlhori:rd, itl the
<br />name of rise snurtgagur, In rarrulr anal drln er aali+l arqurttanrr. thereof and t.. aptwal (rum ens ouch award.
<br />1. The nwrtgagrr ,.hall have the nKhl to ur:pret Ihr nusrt~aprJ prrru Y«~- at an\ n-asonablr lour.
<br />2, Ilt4oN in sty of doe revenan4 rx cenditienr of thir rwtrunrent or of the nmr ur loan agrcemrnt recured
<br />hereby else" teretitrlate the wlorfgager i right to pw/ewbn, use, and rnjorment of the pruperir, rt the option of the
<br />'oertRair'* wa hie arytr i it beitrg agreed that the mortgagee ahal! have ruck right until drfauh 1. ('pwn anp wch
<br />dvfaoh. the rrlortgjgee alsal! haronar the owner of -11 al the Ante and prafo to arrruusg after defauh as arrurits
<br />for ter mdebtedneru recured hrrehp, atth lh! ritdN b entp upon reel prnpertp !er the purpure of rolletting rush
<br />r'etch' titvd p+uYfit+- •Cltia snatrument aMit oppose a4 M arriEttmrnt wf env rrwlata un sold prwprrtr tw thu count.
<br />sea .,a am vas •a.. r;
<br />
|