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j, T1aat in the nlllll .. . IUIt w.c illltituIM . for.cIaM ... ......... ... ......... ..... be ...... . .pply at aDy time duriac
...tb . ;rec:J.q... .wt . tAw ClDUn "riAl jurWkdoe ..... .. .... appni-mt of . RCliur 01 all aDd .ttplar tIM mortppd ,roPft'J, aDd
of all reoIIo i--. profi., __ aDd ......_ ....... .... ,,~~ IlNIa dertAll; aa4 dlmtu,.. it II Mreb, u,rtIIl, COYeaaDhd
ucI aareed .... .... CIelIn ..... .....widI .".&at ... ...... ,"da tlte ......1 powen .... dud. of r.caYen la Iik, ~; aa4 I81d ....
poiatJMnt daall be rude b, .. CllMIn _ . ...., ofltricc ri&IIt . .... ............ ud wi..... .daeDCe . rIM adequacy or laadeq..., of tile
yallM of ~ property __, ......... or . .... .an.,. . ......1DC1 01 1M ....... or U1 otMr party ddeodaDt till tudt IUlt. on.
~ Mreb, .pedficaU, "ar... d.e riPt 10 object .. die .....__ of . ra..... _ aforwWel .... Mnb, 'J(p~ly COIIMIlts that IUCIa
.p..........., .haIl be rude _ .. ....... eq..., ... _ . ......, " ......ate n.IIt . .. Monppe .... that tile lame ma, be clooe without
QOCice to tM ~,
6. TIaIIt If ..,. ,receedIap ..lei be laIdtuttd qaiMt 1M propef1J CDwrwG b, thIa monpp upoo aD, other lim or c1a1.. whether
,uperior or juDior till rIM U. of tWe _npp, tM Mortppe .., at its t'ptioa l-.dIately uJlOlllllltitudoa of IIIth .wt or duriq the pead-
IOCY thereof eleela... tIliI ~ ud tIM 1acldIt~ MClInd 1Ienb, due anel ,.,abk fonbitlt lIDd ..ay .t its optioo p~ to fonebe
tlti, 1IIOrtpp.
7, To pay all aM 1iIl~1" rIM -.. '"' cUrpa .... npcmn of enry kIDcl, Ioclucliq tlte ClllIt of aD ablfract of title to .aid lands
fouDd 10 be CUDynleal or apNilDt I. CODIMCIioD witlt an, .11I1 for the foreeloeu... of tIliI monpp, aocl allo iDcludiq. whether lhe Moncaaee
is obUpaed to pay _ or 1101, ~Ie attomey'. fUl Iocurred or npeaded at any time by tile Mortppe bcc.u. of the failure of tile
Mortppr to perform, COIIIpl, ,"da ud abide by all or any of tile CDVenaJlb, coodi~ anel .tipulationa of laid prami_ry note, or tbi.
-neace. in Ibe forecloeure of thil ~ and ID coIlectiDC .. &ZDouDt teC\lred h.reby wltb or withoul leeal p~iop. and to reim.
burw Ibe Mo~ for nerr payIDIDt tude or bxurncl .. IIIT..t: purpoM with iDlernt from date of nery .uch paymeDt al the rale of
bghl pu cent (I") per aD._; .uda paymeoll and obUpo-, with Interest th.~ u aforesaid. ahall be I<<ured by the lien benof,
I. To kHp the blllldiD, or bwleliop BOW or hereafter OD laid lanel iDlureci apllIIt I<<. or elamace by fire. utmded CD...rap and
other peril. in a '\lID not I... t"'n their full Iftlurable ...Ice at the roM and npmee of Ibe Mortpaor in a COIIIpaDY or companies approved by
tbe MortpaH. the policy or poIlci. to be lleld by the Mortpgee. and .uch polley or policin of iMuranee thall bu. affixed thereto a Sian.
dard Nrw York Mortpl" Cla-. maUna all lots or !olin under lucb polic)' or policia payable to the Mortgager u it. inlerat may appear,
and 10 d.U...r uid polley or polida till tile Mortppc when btued wilh the receiptt for the payment of tile premium Iherdor; and in Ibe eYenl
any .um of money '*-cw t:::'e uoder IUCIt poIky or ;IOlIdn, the Mortpger thall ..... the option to re<<in .nd apply Ihe same on account
of the indrbted_ I<<ured y or to permit -the Mort..... till reeel... and uw it. or lUIy part t!wonof. for otbrr pu~ without thereby
waivin. or iDipairlq any equity, lien or ri.... uoder or by Yirtue of ,bit IIIOrtP&e; aDd tile Mortppc If it d_ neen..ry may plllCC aDd pay
for .uch IDluraoce, or any pan tllenof, without IoU.., walYiq or affealn, Mona..... opdoo to force'- for breach of Ibi. covenant, or any
part thereof, or &liT riltat or opdoo uocler this mortpp, aDd nery .ucb paymenl thaU bear interat from date thereof unril paid at the rate of
bpt per cent (I"> per lUIrUl1Do and aU lueh pa)'DM1lts with laterest . alOraaid IhaU be I<<ured by the 11m henof, In the nent any I~ or
damage i. .uffend MortplOr .ball notify Mortppe of .ueb I<<. or dama. ,WilbiD forty'bpt (41) boon after tbe bappenin, thereof; tbe
failure to give .ucla DOrice _II c:oolthute . defaull aDd the Mo~_ .hall have tb. riahts herein ginn for .U defaum,
9, To permit. COIIIIDit or IUffer DO wute and till mainlaln the lmpronments at all rim.. in a lIale of aood repair and condilion; anel
to do or permll to be done to I81d praDiHa notbin, that will alter or chao. the ute and cbaracter of .aid property or in any wa)' impair or
weaken the I<<urity of laiel 1IIOrtpp. In CIIH of tbe rdlllal, nqlect or iDability of tile Mortgapr ro repair aDd maintain ..id property, tbe
Moneqee may. at Its option, make luch repain or CDIIM the ....e to be made and adulICe 11I001. In tbat behalf wbieb .UIDI ,ball be I<<ured
by the lien henof and bear iDterat allhe rate of eipt ~r cent (I") per annum,
10, To dellnr tbe u.tract or abelraell of ritle CD...riDII the IDOrtaqed property to Mortl"lft or ill dni&Daled almt. wbicb .bali at
all timn. during da. life of tbi. mortgDp, remain in the ~oo of tbe Moncapc anel in neDt of Ihe foreeloeure of tbi. IIIOrtgage or other
trlJllfer of title. all ript. litle and iDlerat of tbe Mortpaor iD and 10 any .ucb abMract or abtlracll of tille thall p... to tbe purcbaser or
granler.
II. That DO walnr "f lUIy CDYCOam herbn or iD tile obli,atioo I<<ured hereby lball at any time hueafter be beld to be a wainr of
an,. of the other terms hereof or of tile DOle I<<ured henby,
12. Thai in orcler till lIIX.lerate the maturity of the iDcle!lteclo.. henbYl<<ured bcca... of dae failure of the Mortppr till pay any 10
----t. Uabillty, obUptloo or CIIC\IIIIbraoce apoo laiel properly _ Iterein proyidcd. it ahall not be Dee_I')' e!)r reqlll,ite that the Mort.....
.han fint pay the _.
H. Thai if 1M Mo,.., ....11 fall, necI<<t or m- for . periocl of thirty ('0) day. full, and promptly to pay lhe amounb re-
quired to be paid by the DOle Itenb)' Meured or the iDler_ therelD .pedfied or any of Ihe .uma of IIIOOC7 herein referml to or hereby Ie-
cured. or oda.nriw elaly, full, and ..-pct, 10 perform, eacute, COIIIpl, with aocl abide by CllCh, enry or lUIy of the CDnDanb, condili_
or ttipulationa of dlia mort..... the p~1')' not. Itenb)' Meared adlor tile CDmtroctioo loan qrecmeot. If any, Ihftl, and in bther or iD
any of .uch rnnb, without notice or el-..d, tile laid qpqate ._ IIIeDtIocaecl ID laid promitlory oote, 1_ prmoue paymeDb, if any. ucI
lUIy and all .uma meotIooed hemD or aecured henb, daall become due aocl payable forthwith or thereafter al the CUDtinuiD, option of the
Mortppe u fully and _pIIteIy _ If aaIcl agnpte _ wen oriliully atIpulllted to be p.id at .ueb IbM. lUI)'thID, ID .aid prom!.ory
notr or hereiD to the CUDlrary DOtWItbItaodIq. aocl the Mortppe .haIl be emlW Ihereupon or Ihereafrer without notice or demand 10 in-
,titulC ault .t law or iD equi5T;aaforce .. rI..... of the Mortppe llernmder or under .aid pramiamry DOte. ID the nml of aDY ddauh
or breach 00 the pan of the hereuocfer or uDder laid promiNOl')" Dote, the Mt'ftppc .hall haye the cootiDlllq option to enforce
par-I of all ._ MC1Ired hereby actioa at law or by aull ID eqlllty to foreelote dlia mortpge, either or both, concurrently or otberwi....
and one actiOll or lUil da.1I not abate or be . bar to or waiyer of tile Monppe'. ript to i....ilule or maintaiD lhe other. proyided .ald Mort-
PIH ....11 ...... ooly one paymmt aocl aatlafactioo of laid IDdebtecl-.
14, That ID the nmt aUt Mortaaeor .un (1) ___ till tbe appoiotlDenl of a reednr, truatft or liquidator of all or a .uhttantial
part of Mortppr't ...aa. or (2) be acl;uclicalcd a bankrupt or 11IIOInm, or file a YOIUDtary peddoa ID baokruJ*1, or admJt ID writiq its
IDabililY to paylla clebll u :bey become due, or (3) make a poeral aatpmmt for tile benefil of crecliron. or (4) file a petition or ....wer
lIHklna reorpoiaatlon or a~ with t'rediton, or till take aclYlUllap of lUI' IlIIOIyeocy la". or (5) file aD _ admJltiq lhe ma.
terial allepri_ of . petidoa filecl aptDat tIN Mortppr 18 .., baokruptc)'. reorpDbadoa or 1_lyency proreediq. or (6) actioo .ball be
laken by the Mortppr for tile po.lrpolC of dfertlq any of .. foreaoiDIo or (7) ..y onI~, Judpaeot or dec:1'ft .hall be entered upoD aD
application of a creditor or Mortppr by . ClDUn of COIIIpeIaJI~rWlcdoa .ppnmD' . peddoa _kiDC appoiDtment of . reeeiver or IrllltH
of an or a .ubawatiaS pari of dae Moetppr'. ___ and .ucIa JadjpDeDl or clecrn thall COIlIIDue uDltayecl aDd ID effect for any period of
thirty (SO) ~n el.,., tIte Monppe may eleelare tile ~y MC\Ired fordrwlth due and payabl.. whereupon the principal of aDd
the IDterwt KCruecl 00 the DOCe aDd all other .u:na Itenb)' IIalrecl ....11 beoome forthwida due ud payable u If all of tile laid ._ of IIIOOC7
w.re oriliDally atlpulaled till be palel 00 aocIt elay; and themapoo the Mortaape withoul QOCice or clemUKI ma, proeecute a .wl alia", and/or
iD equity u If all ~. MCUred IIIereby Ud IUI1Ind prior till 111I laIdtutloo.
u. nw the Mortppe or aD, penoo autltorbecl by die ......paee .hall "'ye lhe rlPt till mter apoo and iDapect tile IDOI1ppIl
preroi_ al all .-.-able d-.
16. That any '\lID or ._ wltklt may be IolUIecl or adYllaced by the Monppe till the Morlp&or III any time wltbin ten (10) yran
from tbr date of thJa iodenlure. tIDpIIter with IotereIt m- at tile rate ....eecl Upol' at tile lime of IIIth loan or adunce. .ball be equally....
cuffll with and "'n the .... priority _ the maiul Iod~ and be .ubject 10 all tile lenna aocl proyl,iom of t1aia IIIOrtpae; pl'Oyided.
tbat the aurqate __ of prind...1 ClUtllaDdin, al any time....1I DOl exeecl an amount equal to ODe huDdred and fifty per cent (150%) of
rIM prindpal ID)QDI oriainallylllC1lJ'ed Itenb)'.
17, That. if required by Mortppe, the ..Id Mortppr will ",y UDto the Monppe. OIl dae fint day of eat'h and nery c.onaecutiye
month, . IUJII ~...al till __twelfth of the anliual amounl net"ftlary till pa~ all lna and UICIIIIIeDtI ap.IDIt the aaid mortgapcl preml... l81el
monlhly .UID 10 be eatlmatecl aocl calculated oa the amount of lna u~ apltIIt I81d morfP&ed p~ for dae pnYloua year, aocl If
further required by Mort...- . ,., all I_ranee premi.... la DWlII~.... ... _ pnricled ~ ,. 1M ,.,...a 01 tua aocl UIT ,'-eota.
IL That i. the nl!llt dae Iou wIdeIt thJa ~ Sa aiyeo 10 eacan Sa ..... for rIM JMUI*I of fiaaDdq eitlter the Cot*ruCdOD
of _ buildiop or die COIleChacdoe 01 _pron_DII ud/or aclditloea till Gild... bulldlnp, daC Mortppr, If required by tile MortP&ft.
np,.l,. ..,... till """1 ,"da 11M Mortpgee or 111I el_patcd ageat lUI ~ of IDOIIe)' equal to dae difference between the net proceed,
of lhe Iou and lite total -a. II cletermlaed b, .. Mo=uired to fa::y CIIIIIplete ...i Cillllltructloa ID lICCOrdanee with 11Ie pi....
and .pedficatiooa WI'" ...th4 b1 the W<<tppr '.... by dae Mortppe. SaId --.lIt of ~ ahall loa placed by 11M
Mortppe I. a "Loa... ID p,.... AccoaDt" lD tile D.UDe of die pr, aocl the .... .....1 be aaecl by 11M Mortppe to pay the com,
charpa aocl nre- iDanTed la ewHtdoa with NIl! ~~ --'oi:l:' ~ l!libiiiiiUC of tWe loaD. II Sa funbcr .creed Ibat ID lhe nmt
laiel CDOIIrlK1ioe it net fully COIIIpIeted OD or before .. iate ;;J" ID lite ConatrucdoD x-o Aar-ot or ID the IYeDt thll the _k on
laid CDftIb..c:d..6 ..... aMI before ,..1 ~...... .... .a ~ .ball CDCIdnlM for . period of tal (10) cia", or if ....lUIIIal CUDtin_
~ ..... DOt lie .... ItII ... CDIIICnICdoe, dMa .... la .., tad! ...... die .... aanpte .... prlndpal aacl ..... IDCDdoDecI la ...
p~ .... ... aD __ IIIC1INd ..., alaall ..... .. ... "')'D1e ~..... or dNr,.,., at dae opdoo of aa1c! Mortaaaee; and ..
the eYtDt of audt ~ ., ~ ~ WIi ea..trllCdaa fer . perIocI 01 _ (II) ..,., or If ~.I CIIIDtia_ pncraI....1 DOl be
mad, I. ... ~....a-. .......... ... ~..,. ........ -- .... .... apoIl die Moetppl ,....... aM ClllllpIeea ..d coo-
atraaMe lD... - _It ~....... ~., ~,..""""....~; dIe..w MOrtPPr......, IlYlae and pandoc
10 11M ....~ faD ..... aM 1I1Id.rIt, .. ,..;.;e MIl ..,. .... .. ... .... -...t fW'IIJIJ. .. .., .... tad! ClIIMnCtI _ ....
~ - ..., Ita ....". 10 CIIIII,a... taW ~...eIhIt. .. .. ...... .., ..... r-"'lI........ .. Miel "Lo.IaI Ie PIltCIII ItI:wUDt" aM
i. ...... .., __ ., -r ..,.." . ...... .... tT J1.~; .. ..., .. III ...... ......ed br 1M .......... Ie CUDD<<tIoo-
wid! aada _'1..... I .,...........,....... Ie... ~ Ie ...... v\mLll4'" ..... lie ..... .. ... .... ..w... tWIt ...
.-n in" ..... .. ... ,... ......... Ia ... "I . fJ -. .. ...............,.... ....~....... Ita,.,......, tie~
.. ......