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and about €he building or buildings now erected or hereafter to be erected on the lands herein described which arc; necessary to the complete and comfortable use and occupancy of such building or buildings for the purposes icrr which they were or are to be erected, including all goods and chattels and personal property as are ever used ar furnished in operating a building or f,.~ the activities ronducted therein, similar to the one hererrt described and referred tn, and ail renewals or replacements thereof or articles in subsfifutian therefor, whether or not the same are, or shall be attached to said building ar buildings in zny manner. TL is hereby agreed that to the esctent permitted by taw all of the foregoing property and fixtures arc ro be deemed ~„ and held to tee a part of and affixed to the realty. TO HAVE Ah`D Tb HOLD the prernises and property above descn-bed, with aIi the appurtenances thereunto belonging .,. unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mortgagee, that the Mortgagor has good right to sell and t:onvey said premises; that they are free from encumbrance; and that Cite Mortgagor will warrant and defend :tire same a~irist the lawful claims of ali persons whomsoever; and the said Mortgagor w,3 heretsy telinattishes all rights of homestead, either in law or in equity, and all other contingent interests of the Mortgagor in 13 and to-the aba-v-e~described premiss, the intention being to convey hereby an absolute title, in fee simple, including all rigtrts _„ of homestead, and other rights and interests as aforesaid. PROVIDER NF,VERTHELESS,,,tllgt ;Ile „~11(v~$gggc's ~v indebted to the Mortgagee in the principal sum of ~ MIL!_IOtd TWO h#,A~RED TMiENN-FC7e,1R/'~ it3'1S' ~tl°LJ224,200.4~j and that the Mortgagor shall well and truly pay or cau~ to be paid to the Mortgagee, or order, the grincigtff sum as prone ed in and evidenced by its certain Promissory Nate (ar any Nate is renewal or extension thereof) of even date herewith: and shell further pay all additional sums sad advances according fo the terms hereof as the Mortgagee may advance to the Mortgagor and also any and all sums now or hereafter due from the Mortgagor to the Mortgagee. Said Note shaA bear interest from data on the outstanding balance at NIt~ Aft Ck~-IiALF per cent pet annurtt', payable in monthly installments beginning on the lust day of the month following €he date hereof with a final maturity of FEBRUARY 1, 202C .Said Note is identified as being secured hereby by a certif_cate thereon. All the terms of said Note aze incorporated by reference, and this conveyance shall secure any and all extensions of said Note however evidenced. This biartgage is to remain in full force and effect until all conditions and cvnverants olfSSaid Mortgage are performefd, at which time this Mortgage shah be null and void.~ON SAID PRINCIPAL. SUA9 t7tt ~ f ]UCY' TF~~REt~Ah"d sfia~l ~rforrn eacnry cnTco~i~Yort', a~i 3Leg~rr>~ c~t t~se~~lt2~ie~ire~t tsFst~"~~ void, otherwise to remain in full force and effect. # (7.5%3 PER ANt~ UPCtbi Tt-E DATE t~ FINAL E~(T (]N Th£ t~2TGAGE NEITE FOR YPiSURANCE, OPi Att. PRINCIPAL SUMS TEEN REMAINING UNPAID. The Mortgagor in order more fatty to protect the security of this Mortgage, agrees: 'T`hat Mortgagor wiii pay the Note at the times and in the manner prov9ded therein; 2. That Mortgagor wiii not permit ox suffer the use of any of the property far any purpose other than the use for which the same was intended at the time this iefortgage was executed; 3. That the Regulatory Agreement, if any, executed by the Mortgagor and the Secretary of Housing and Urban Development, acting by and through the Federal Housing Commissioner, whiJt is being recorded simtdtaneously herewith, is incorporated in and made a part of this Mortgage. Upon default under the Regulatory Agreement and upon the request of the Sesetary of Housing and Urban Development, acting by and through the Federal Housing Commissioner, the hordes of the Nets, at its option; may declare the whale of the indebtedness secured hereby To be due and payable; 4. That all rents, profits and income from the properly covered by then Mortgage are hereby assigned to the holder of the Note for the purpose of discharging the debt hereby secured. Permissiar_ is hereby given to Mortgagor so tang as na default exists hereunder, to collect such rents, profits and income for use in accordance with the provisions of the Regulatory Agreement; S. That upon default hereunder the balder of the Note shalt he entitled to the appointment of a receiver by any court having jurisdiction, without notice, to take possession and protect the property described herein and operate same and collect the rents, profits and income therefrom; ~. That at the option of the Mortgagor s: prreipal ba}ance secured hereby ay l;e reamoriized ar. terror acceptable io the Setetary of Housing and Urban Development, acting by and through the Federal Housing Commissioner if a partial prepaymetit results from an award in : ;ndemnation in accordance with provisions of Paragraph 8 herein, or from an insurance payment mzde in accardan::. with prolzsians cf Paragraph i herein, where there is a resulting foss of projeM income; TtE INSt~ZANCE CARRIER PROVIDING TtiE INSURANCE SHAt_L BE Ct~SSEN BY YTHE BOF~WER SUB- YtEST m APPRrtVA! @Y t F~PROI~p TN,A P SUCH APPROVAL g`E."here~er e~mct~~ee'tlea'propa~tt~etl ~. 77ta[ ~ art or wr ee the tm rvvemenis now ex:.s n or opal:tst toss by fue and such other hazards, sksulaties, and contingencies, as may be siiputated by the Secretary of Housing sad Urban Development, acting by and through the Federa3 Housing Commissioner upon the insurance of the Mortgage snd other hazards as may be required from time to €ime by the holder e! the Note, and alt such insurance shall be evidenced by standard Fire and Extended Coverage insurance Policy at Polies, in amounts not less than necessary to comply with the appfi~bie Coinsurance Clause percentage, but in no event shall the amounts of coverage be less than 80% of the insurable Values or not leer than the unpaid b~anee of the insured R?ortgage, whichever is the lesser, and in default thereof the holder of the Nate shall have the right to effect insurance. Such policies shat' fie endorsed with standards Aiortgagee clause with foss payable to the holder of the Note and the Secre#ary of Housing and Urban Development as interest may appear, and shall be deported whir the balder of the Noie; That if rite premises cohered hereby, or soy part thereof, shall be damaged by frre or other hazard against which insurance is held ss hereinabove provided, the amounts paid by any insurance company in pursuance of the contract of insurance to the extend of the indebtedness then remaining unpaid, shall be paid to the holder of the ?Nate, and, at its option, may tee applied to the debt or released !or the repairing or rebuilding of the premises; $. That all awards of damages in eonnectian with any condemnation for public use of or injury to any of said property are hereby assigned and shah- be paid to the holder of the Note, who may apply ehe same to payment of the installments ias# due under said Nate, and the holder of the Note is hereby authorized, in the name of Mortgagor, to execute snd deliver valid acquittances thereof and to appeal from any such award; 9. That fire Mortgagor, together with and in addition to the monthly payments under the terms of the Note secured hereby, wiii pry to-the Mortgagee mthly, begitning on the fast day of the first month after the date hereof and of each rntinth thert;afG°,r terrtil the said Nets is fu,`ly paid, the following Burns: ja) An aateuai sufflaeni to pr`avidr the Mortgagee with toads to pry the next morigsge 3nsutance premium it this insfruroetrt and ihr Note ~eurcd hereby eta imitrcd, or a monthly asrvlce charge, if. they are hrtd by the Secretary of Hooting and Urban Uavelopment>~ folloii~r ' ' - ffJ Hand so ipetg at saii~ Notr at even state ans€ Lhia kitatretnrat sae insured or err reinsured under the provisions of the Natiansi Housing Act, an amount auftleteat. to.tccu®ulste~ lit.ike fiends ai ihr Mart~gee one monfi prior to its doe date rho anaua! titorr=aga insurance premium, is otder.to W'avlde such Mortgagee with funds to paY such prrmium fo fhe - Federal Hausirig CAmmlasioaer pursuant to the Natbnst Housing, Act, as amended, and applicable Regulations thereunder, or PAS 2 ~ 4 PAGES