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5T. uiEir. ~C"'''1t fl.l.
~, 1))at ill tiM n-mt ai I< .w~ 1Ki~. 1~'llQo><f 110 ~ ~ r.ll(J~..... dlc ....... .u '. ~~i
"ucll loror.!..UN .vit 10 t~ co\ln banlllJ Jl.lr'..,~ w-rClW fur tk .,..,,__ of ~"* fH loll ,,: . ...:
of .11 rmb, ;~ rroiill, iul>Oi .ud re...o.... tMfiCl't, f.- wf!.~i' _1ft Mri..M; _ tk",,"',-
and aa.en! tbal d::e <'<>Un lull !...n2Iwitll I\,pc:.ilit ,uc)) r-=ch n ""fQ tIN _i ~ _ thri~ - 'C'ill\.
pain/men! aha:! be m..de by lbe CUllO't M a ...n .>> ~ric'i ri.... iIo u... Mo;~ -a wi~ It' " '0 ~
...Iue 01 tbe pro~rty bHdJY lIIO!1P.Pd, or 110 die IOI...P":Y N l8IoIT~ of rite Mort.ftllaC' L, .- .
Mort':'ll"f beal>y lpe<.ifieaWy w~T..." the rialat loll cOj<<; to me ."wDt1llePl lJl . r~r.'tI' ~ ,t..
.., poinrme..t Iball :..r made.. an admitted ~tlh,. and >> II !INCIet 01 lIiNoluew ri.... .. ~ ~~, ~
noUce to th MOI'tllqN,
6. Tll~t if .ny proceedillp tbould be iDltituted 'Ol.illlc tIM ""....rty COTtnCi ty tMt ~ ~ vpocl -l O'::.~. Iitll 0: claim ",ktber
.uperior or juninr 10 t~ l;ftI 01 tll!. nIOrtatge. Qe M<<taa... rr.y .. h. opdoa ~Iy lIpo1l IMrlclIt108 ?f :udl lvi~ or duriq W pe11d.
en.::; therrcf declare tbll mortxa.~ and tbe llld~n_ J.."Cund Iw:eby "u. aDd payame funlllwitb aad may at Ita optioa proc:eed to rem:1oK
1111. mort !i';1l g.r,
7. To p.ly all aJtd air'l{Ular tlM UJolIl" fea, cb.r... aacl n:pll'lWft of eYft'Y 1Wld, lilClucUDJ: tat ~ of lID cbftraci of title 10 aaid Ipdt
found I,) be connn:ent or u~dlmt ill C'Onllet-uon with lI4Y Iwt for tbe fGreclo.ure of thia IIIC~/P, aDd .I~ Il:lCludiJ1&, ",betHr tbt Mortll2lft
ia oblicated to pn aame or not, re_able attorney'1 1m incurnd Of n~ded at !lilY time by the Mortll&&ft beocauae of the failure 01 tbe
Mortl.,..,r to perlGml, comply with and abld41 b,. all or <tny DC the COHo.nb, rooditiooa lI4d atlp~l.titlflS of did prorni..,.~ !lOt.. or tbia
mortiaj;t, in tbe fored08ure of thi. mo~ aad In collf'Clioa dw _unt I<<U~ bertby .....ilb or witb<;1Jt Icpl proceedl!!'p' lI4d to mlD-
burte Ihe Mortl&&ft {or enry p.)1DC!lt made or Itw:urnd fw lID" sudl pur~ with illiernt from dale of every .uck payment at Ibe r.te of
eiihl per cent (1%) j)er annum; aucb pAymmtll 'Dd obUpdOllS, ",ltIt Interm tlwr~ .. !if"ruaid, Ih.1I be ')KUrN by tbe II", benof,
I, To kn:p tIN l>ulldina or bvild.inp DO..... or ben-.her QII Mid 1.1Id InaurN a,AINt IoIa or dlmap b~' fi~, .xt>tn~ed conr~ aDd
otber pc:rilt in a aUlD not 1.11 th.n their full IM\lrable value at the c:oet tUld nFel'lM of tile Mortar..r 1ft a com~IIDY or companJa apPRlnd b)'
the MortP&f'C, the policy or polid" to be beld by tbe Monppe, IIDd aoch pt.1i('y or polkia of inaarao<< gall 1I.u aHiud tllcrttD . Stan-
dard Ne.., York ~0.1&.alft CI~~I~. lD.k1llll .11 loa or loan .ilndt! 'ucb policy o.r pullci. payable to the Mort..,.. .. !I. :nternt !IIa,. appear,
.nd t" dtllver uld polle)' or pollet" ro the Morta.&ff ",her. l"Ued "",,,b tbe recelpta for die payment of lbe t'relT.lu:m thernor; and in Ibc f\'mt
apy lum of morey becoma p.)'.ble uod.r lucb policv or pc.lid~ tIwt Mortg.Jt!e sh.H hn. the option to recein .od apply -he l.nK on accounl
of Ihe :ndebtedne. t<<:nw hereby or to permit tbe Mortilf;Of' tc. rect!n and U'C It,' or IiOY p.rt Ibereof, for otber purpoMS, .....ithoul Ihereby
..ahinK or impalrina an~ I'qulty, Iim or ~pt \lAd!r or br :--irt\Hl of tlai~ IDOrt.~; aD~ the ",fon,;.1" If It d~ ,MCna.try may piaN .nd pa~'
fo~ loch in~uraocc, or .n)' p.rt th~r~f, wltbout Iooin&. wa.tvlnp; or alffCtlna Mort..~ I optton to foreclo.e for Meacb of Ibia..ro\m.nt, or .n)
p5rt Ihereof. or .n}' riabl or option under tbla IDOrt,"Pt .nd rrerl oucb p.ym",t sholl bur intt...t from date therf(" f until paid .1 tbe r.te of
eiihl ~r cenl (I~) ~r .nnum, and .11 3udl p.yments wldl Int.rot .. ato,...id all.1I b41lfturcd b)' tile Iim hHeof. In tbe ~nnt .nv It. or
dam.~ ia luHern! Mortpgor ab.1I nocify Mortf.qft of ,ue:b Ioas 01' dama" ~itbln 10rty-4lipt (U) hour~ after the h~ppmin<< Ibeifof; lbe
f.i1ure 10 ~n I\;cll notice .ball coDJtilute a de ault .nd Ihe Mortpp aball have the riahts herein Kinn for .11 def.ult>>.
9, To permit, commil or wffer no .....ute ""loll to maintain tbe Improv~ al 1111 timn in a lIale of .&ood repair and condition; and
'0 do or ~rmit 10 be done 10 laid premien nothlal' tbat ",ill alttr or eb.nptilt ~ aocl cb.net" of ,.oid property or in .ny way Imp.ir or
wnkeD tbe I<<urity of al<id mortaaae. In c_ of the rd..al. !W.llet Dr Ir..lbliity of Ibe Morti.lOr tc repair lied maintain aaid property, Ibt
Mortaa&<< IDa), .1 il. option, m.ke lueh rep.lrl or CIlIaC the lame to be made llnd .d....nce motIies in th~ b.chal! ",bich aum. ah.l~ be I<<ured
~H' ,t,e Iim herrof .rod be.r inlernl .1 tbe i .te of eipt ~r cent (19b) per annum.
- 10. To deliver tbe .batraet or abatracta GI title conrln. the mort laiN prope"y to Mortla"e or ir. dniKJIarrd .xent; ",hkb Ib~1I at
.11 lim"", durinlt tbe life of tbil mo",,~, rem.in in tbe ~ l)f tbe Mort.alft and In en!!t of Ibe fon:lcturr of Ihi. moNgler or orber
Iran,fer of lille, all riXllt, lille .nd inlernt of the MortlalOr in and to .ny auch .bstract or aMlract. of tille Ihan ;>... tn Ihe purt'll..er nr
xranle~,
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tp .Pp11 Ilt aJ>,V tbte duriq
,- lWrtcal\',1 ~ropcrty, BAa
., 7 C:"; ._1,. eoYeOUlI.d
, ik~ cuo; linG Mid a,.
...c-quacy or iudtq'.aacy of die
~-feml.nt "" IUC" lUit. '11M
':. ..xr....1y C04lInIta dUd ~II
-". _ ID.Y, N doo>e witiloo-ot
II. Th.1 no waiver of an)' C.:lHnanl berein or id Ibe obllpdon JCC;urrd bereby .hall at .n~ lilDt! bere!!fter be held 10 "" a ",ainr 01
an~ of Ihe otber term. hereof or of lhe Dote HCurn! bcreb)'.
12, 'fblt in ordn 10 acceltrate the malurit) of tlIe indebtedne.. bereby t<<urn! beuute of tlte f.Bure of tbt M.)rtlagor 10 pey &1>) III
.uenmtnt, liability, oblilt.licn or en;:umbrance upon >>aid propert}' - berein proTlded, II ab511 Dot be nt'Craary nor rl'quili" lb.t the MorlXilltte
ab.1I first pay Ihe ..m~,
13, Th.t if Ihe Mortlagor .ball f.il, oqlfCt or rrfuae tor a period 01 t!lirty (30) daya full)' and promptly to p.y Ihe amountll re-
quirn! 10 be p.~d b)' lbe note b<reby I<<ured or tit. intern( tbereiu apecified or .ny of the .UIW of money herriD referred to or btreb)' ae-
cured, or olherwiar dul)', fully .nd promrtly to ~rform, exrcult, comply ",jtb and .bide b)' each, rvel" "r .n)' 01 tbe coven.nn, condilioD!
or Ilipulation. of thia mortg.ge, tbe ptornlllOry Dote hereby aecured aDd/or lbe co;l"'ruction loan agrtemfnt, if any. tbt>), .nt! in eilher or in
IIny of aoch event.. wilh<>ul nolke or d'ffll&nd. IDe a.id aureg.le lum menlioned in ~!tid promillOr)' nott. leu prrvioUl p.rnent.. if anr. and
lUly :lDd all lumg mtntioned b~rr:n or o<<ured hereby Ihall become due and payable forth",ilb or Ihere.fter lit the C'OiIlinuinx oplion of Ihe
MO"ila51:fr aa full)' and comp!et:ly al if ..ill ultKrelll1le lums w~rc ori&iollll) .tlpul.ted to be p.id ft ,ueb tillle, 1D)1h:0I& in lIiIid promiuory
note IIr herein 10 tht e"ntnr)' no(withlt..,dinK, and Ihe Mortiagee ahall be entitltd IherruJ'On <>r Iberc.after \'iilbout notice or demand .0 in-
alitul. fuit .1 la\\' or in rquil~' 10 enforce Ihe ri,bh of llie Morti..... hereunder or under laid ptominory ~e. In the event 0' .ny default
or br.ach lY.I Ihe p.N IIf lhe ivlortgagor hereuodtr or under laid pruniu:uy note, the Mort&~e Iball b....e tbe contlnuinl option 10 enforce
p.vmen[ of all 11.110' If<:ured hrreb~' b... action a! law or by auil in equit)' to forreloac Ihia -norlill..e, ciliur or botb, concurrenll,\' Of otberwi.t,
and one action or luit Ih.lI not abate or be . b.r 10 or ",ainr of Ibc MortX.l[ce'l riKhI 10 instilute or mainl.in Ibe orhn, provided uid Mort.
It.~e .h.1l bnt on", one pavment .nd a.liafact;on of girl inde:'(.:~~.....
14, That in Ibt event tbat Mortgagor ab.1I (I) contenl to tbe .ppointment of . re::tivrr, tr~lee or li4uidator of ,II or a lubolantial
pari. ~l MnrtX.~()I'a ...el~, or (2) be adjudicated . b.nkrupt or IntOl~enl, or file a volunia,! ~ilion, in ban\:rllpt()',. or .clmi,t, in writing it>>
10al),lIl.. to par III debt> .. Iher become due, or (3) m.ltt . Itneral UlIKLmtnl for th~ btncfli of credlloro, or (4) fde a pellllo.., or ~IlSW<l
I~ddnl(' :f'(,rga"iulion or ..ranhtmtnt with crdil:Jn, or 10 t."e .dv.ntage of any in>QI..~ncy la". or 0) HIe ai> anawer admilling Ihe ml-
terial .1Iegationl of a petition filed lIaain.1 Ihe MortgalOr in ollI) bankruplCY, reorpn '.t:t>n or inlOlvency procffdin~ or (6) aCliO!', Ihlll he
I.krn b)' Ihe Mortg.;(Or !or the purpoK of effectin. .n)' of tbe fOlrgoinK, or (7) .1',.. order, judjtllltnt or dn:-er abal! be enltled upon an
afplicatior. of u credilor or Mortg.o:or b~' . court of competent jur~lction cpprovinll a petition ,$fe"ing appoilllme~t of . r~r1ver or I!u.lee
o .11 or . 'ubala:1lial paN of Ihe Morlg~gor'. ..acta Ind ,ueb ord~r. Judjttllent or decree Ih.1I con!lnue uost.red .nd 10 eff~i for an,. penod of
tbirt), (30) eor.I~uti\'r dlY.. the MO~j{.Kt: m.y d~l.re the DOte hereby a~ured fo"h~ilb dut .nd p.y.ble, ~bereupon Ibe, prindpal 01 and
Ibe inltr...t accfUre on Ihe no<e .nd all other lum. lIt/eby tcC,'rn! ah.1I become forl"w.lb dut and ila)'lIbl.. II If all of the laid lema of !roOnt\'
,nre oril('inlll>' Itipul.tcd 10 be paid on luell <lay; and ti1eleupon Ihe Mot.gagte "ilb<lul notke 01 demlnd 10.)' I"norcute a lui, II I.... .nd/or
in eflui,,' .. if .11 mani~ ,t('urccl btreby had mlturrd prior to ila inltitunon.
IS, Thll the Mortga&ff or any pe;'JOll .ull:orizn! b)' Ibe Mortiag<< .ball hay. tbe riPI In enICr upon .nd imptet Ibe lD()rtga&ed
premio,... II .11 r~:~>D.ble limn.
16, . Th.1 .ny lum or a\ll'Dl ....bicb ma~' be loan~ or .dTaDCfd by tile Mortpget to tbe Mortai.lOr at ;l07 time ~r Ibe rtCOrdin&
of thia indenlure. together "..i;h IDler" Ibereo>n at tbe ral. .~en! :Jpotl al tbe time of juclt IOlu or &dvarlCe. alull be rqa.lly ~ured .....ilb
and baH tbe I:me r~rio~l~ as the ori~n.1 indebtedp.... .n~ he !ubjret to .11 Ibe lerTlll a~d pr(1l isinn. of Ibil ~rtgaer; plv.i~c~ Ib.t tbe
.gxregate amounl c pnnClp.1 cUllt.nding 5t any lime Ihll, not eouted an amounl .Qu.1 to one "t,"dred Ind f.fty ~r cenl (I SO'1t>) of ,b..
prill..ipal an.o\lnt originally leCured berth). '
1;, Th~t. if required by MnrtKa~, ibe nid MOrlillgo>r "ill Fay un!... tbe MOriaagte, 00 the fim day of eacb and tver) cooKCutive
month, a .um r<jc>1I to one-Iwtlilh of the annllal amounl nre....r) te p.y .11 tau~ .lId a.c..nant. .gainal tbe uid rn0r1j(agtd pre'l'i~ .aid
mon:hh ,urn 10 be rttimll.d Ind calcullt<<l on Ihe amount of taxn a..eued .gainlt .aid mortg..gt<i pr~miln for tbe previoua year, .r,d if
fll"lher r<IIlIircd b\' Morq(."et In pay all inluunct prf\niuml in m.noer and form .. provided hertin for the p.yrocnl of lun .nd l"fIflU~nh_
18, Thdl in Ihe n.nl Ih. loan ,vhieb thi, mortKl.ie il liven to IKurt il made for Ihe purf'O$~ of fina:lCiDI' tither lhe con.tru<:lion
af /It" t>"ildinit' or the 10mlruC1ion o~ improl'tmcntl 11'Id/or additi?DS to nj~ting builrl;DitI, Ihe Mor1iallcr, if required by lilt Mortg.gee,
CIF""!- .,:r... 10 Jrpo,i! with the MOrll(:!1;ce or ilJ dc;ojgr:.sttd a"rnl Ir. UnlJ'Jnl of mO:1c;':quII 10 Iht differtncc bet....en the net pro't.ds
of tht ,,,,n and tht I,)ta! lIa,,)u.lt, U dettrminrd by lb. MOr1JIget, fC'i"ircd 1& fully cOf11;>ielt e.aid con'tluetion io .ccurdln<t with the ,,;an,
and 'p.,ificati"nl hrrelotor. "'lbmined by the Mortg~gor and Ippro...~d b)' Ibe ~:orlglilee, Slid amOUl't of monty I~all be placed by Iht
Mon;:q,:., in a "I.I),nl in Proce.. Accollnl" in II-. n."'t of Ibe Mortgl"or, In<l Ibe urne Ihll! bc uled by the Mortgl;(~ !.. pey tb,. r.oott,
darKt. and e<pcn..! inc.ul/.d in conr.C<"iior. ,..ilt. l~;:i conau,",ctionJrior 10 d!"hurainlii of Ibi: lo.n, I! il fU~,I-H .grttd Ihll in the en,,1
said c"'Hlrde!iur, II r'vt tull~ cornplrle<' on or btfore Ihe date Ital In the CODltr.'tllon L~an Al{leerotllt ~r III Ihe eYtll! tbal ;be work on
,~:<:\ co'nlrllction Ihall cUle, briort full completion .nti !u~h c",llion .n,ll conlhu.e for. pellod of ttn, (1.0) dlY1, Ci if lunll."ual eOll~inu<>,,~
prq:rMs ,"all ",,( be rl:adt III loch (1)n51lu<:II:in, Ibm I..d in any I'xb ,"'ent lhe aala aurt,lle I'JIO, pnr.t:lp:! .nd !cter..', rnH.:!uned In ..1(3
Dr ,tOi'~ry r,ott, and Iii mon:... Ioteurtd hrrtby, cball bttorr.e jue ."d I'.y.ble {ortl>...i(B or II-t...'ttr, 51 tile option of ujd Mortgagee; and ic
ih' '\':1t of lur:' ft-1u,ion of .....or~ upon lAid con.truction }(,r . period of t~n (10) d.j" or if luhtantill col1ti~,..oul ..r"gr~ til:ill nor bot
ff'"rl. "1 "dl r~"')llliction, .1 aforeu.id, tbe t.1ortiliet ~ay .t ib C.ptiCCI enter inlo and '"po!'! th. ~ort~lo:td ,.rClnilM Ino (omplete aid con,
ria'; in .,,-:1, iiJAnner u it dttrnc adviublt wi;b:>,,! Iny lDter{trefYt frc.m tb. Monl;liCr; tbe uid Mor....ior hertby ("lying .nd gr.nting
o,t ,\.1ort".gc_ full pol1tr and ,ulbo,ity 10 mIke Iut:!l tntry inlo Jtd upon uid mortalit'~ pr!.ni~. 10 enter into Iuch conlr~('tt or a
":nrm~ '"~ roay b~ nco::ulaf}' IV complete ,aid con ot tu<: ' ion, and to ex!>",nd any mv.li" remaini.1lf in said "Lo1ll1 in PlOC...' A~t"un(' .n
:Hit.,,,, any ,,,ml of money C1tCenary to COMpl... aaid (O(i/)trKt~ i !lnd Iny and .11 !nO'.Ie1 u)>Cncltd b}' the Morlj.age. in (onnrell
.'xi: mmol(tiO!l d cOlUtructiol1 in He"1 of 'be r.!<>nica in I&lll "1.l'~OJ ill PIC{~ A('('o~'nl" .h,dl b~ added 10 the lai& pril'<ipII debt In
1 dr... inl~l~ at tht ratt proYided in lIiIitf pro~"i'c.?r~" Dot", &Ad &hIli be 'MCun<! by lWa l!W~aa.. Ind ahalll>< I>ay.;,:e b:r tb.e Mc.-;&~
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