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, to ThaNa tM ty", 01 a .wC bel", u-IMed CO for-.cIoM tWlo ~ .. MDrtDPI _I] be .w.d CO .pplJ It U1 time dllriq
I&Kb ,"~Iotvre .,1It 10 rIM coun IulYiAa juritdiedoQ tIMnPf lor eM appoi~ of a reedY. of all ud tlaplar the ~ p.;.opcrt)', a.ud
of an reo'" illCilllDft, Pf'Ofitt. '- aol nnsaU8 thenGI, fnllll wUtsoner IOOtw ckri.....; ud dMma,. " !. .., arr-11 co.aWlted
ud acr-l tPt eM eoun ~) fonlnritll appoi8t .... nce1nr wlda the utoaI P"'!" aJMI'dull. c;I ACIi.m lD lik<< eaMt; ud tald .,..
poiDtIIMfA Pal. 1 be aude b, die c.>urt at a lI*Uf of ttricr ricM eo the M~ ucl wi__ "epee eo tM MeqUK7 er lDadeqlUlCl ef tile
nlue ., ,1Ic ~ IMnh7 ......... or eo elM ~ ., ~ of ... ~ 01' aA1 GdMr paItJ cidta.taat eo ,oda _t. TIM
~ Mnbr ....fleaII7 war.. die ripe eo ~ .. dM ~- ... of . rICflilnr _ ~ ud --, UP.--l1 Clt8lDta t!aat Mdt
a~"" IM:....... ~ equkJ .. ..& ... it iIlIohatI rI.. eo .... ~ aed tbat tIM NDM ..., be do&e widwM
.....~, .
6. T1aat If IUQ' ~ tIIou14 be lDotic\.'ttCl aaat- the ~ connd by tWe IlIN1pIt ~ Ul)' odMr IMD 01' e c:1alm wlwther
tu~~Diot eo die U. ef thiI lIIOrtpp, tl.t ,Mortppe ..., IIC hi opdae h 1II1atdY 1I~ {i.dtUtloo of I\dI .Illt or durlq the peod.
llDC)' cI4dan tWI JIIOI1III8I ... AI ........ ...... ......, due aod ~ fOrtkwida aDd ID&1 at 111 opdoD proceecl to fonc:'-
dlll _....... '
1. To pay aU aDCI t1aplar tIM c:OIta, feu, cUrlPI fIDCI a~ of eYII1 IIIPd. ...ctudlng tbe COlt of aD abltrllet of title to u1d laDds
fOUDd Ie b. coanzuCDf 01' ~ ill ~ wltb aD1 .. lor tilt foreelotun 01 ... I!8Oi'tPP. aDd alto IDClvdill.. whether tH Mortaa&"
II obUpDed to~ _ DOt. I'UIOG&ble auomey'. f... l1Ilc:urnd or ospeoded It Ul1 time by'. Mortppe becalllt of the failare Of tM
Nortpp 10 c:c8ply witIa uti abide b1 all or. aDr of dM connaDbt eoodldoal aDd tripulatiODl of aaid' ~roml_ry DOte, or da1a
mortpr. la forec:lonre of ~ 8IOItpp ... iD coIldDC 1M .-ouat _ured IMrcb7 wi\h or wlcbout leiAt picA:eed1np, Uld Co ram.
b\one che ~ for rnr)' ~ made or iDeatn4 .. uti M1dl PUrpllM widl lDl<<" froat cIar. ., ....Il)' agda pa,..... at tbe r,Ct of
risht per tftlt (I'J{,) per aDtIum; toc::Ia pa)'1DCDlt aDd obU~ wids I..... tIatrt.oo .. afortIaicl. .awl be IlC\lred b1 die lieD Itereof.
I. To kap elM buildiDa or ouiJclIDfi DOW or Iatrcafm OIl aaid Iud IplUred apl_ l01I or damap by fire. utmJed conr. and
other peril. iD a .WD DOt '- than tbclr ful iMurabl<< nlulO at tile COlt ucl UpeDM of the MortPiW ID a c:'OIIlpaD)' or c:om,.oia apprond by
che MO:tppe. the pollC7 or polid. tG be IaeId by tile Mortp,", and .1ICIa policy or polidn of inallr&n<< shan line affixed dlufl\) a Scan.
dud N.... York ~a&"" cia... IMkins all 10M 01' ao-. UDder .acll poIic)' 01' pOIki. p&yible 10 tbe MortP&" U ItJ IRtft'tlt may .ppnr,
udco deBnr Hid poUc:y ~r poUd4t eo tbt .tonpPI wba Woed with tIM rec:cipa for tM paymeoc of ~ecJ""'UID tlMrefor; aid in tbe eYeDe
aDY SU!II of moo.,. bec:omet payabl. U8CIer aucb poIk,y 01' poIldtI, tbe Monaa&ee .all ta.n .... opdoa 10 ~ aod apply the 11IM Oft ll<<Ol1nt
of tbe il\ddlc~ aecurecl heRby 01' to permlc 'the ~ .. recai.rUd 11M It, Of aD1, put thereof, for cOer ,u.poect. without thenb7
waiyiDC or iJapairinlJ any equity, Uee _ riKllt cmGft' or b)' nrtlM of tbis DIO~; Uld flac ~ if it deaDt n~ may ,I~ aad pay
for .odI i.IJraDCe, or Uly poiI1 tIImIOi, wldwIut ...... wain.. 01' affaiq M~. opdoD 10 fom:loM for breach of lhi. coymaDt, or &DY
p~n cbueof, or 1I!1 rlPt 01' opdoe __ dIh ...... aM rnr'/ tUGh ,ayaMDt- .an bear IIlteI'tlt from date thereof ucal paid at tlM rate of
...... per cell! (I'J{,) per aDIlum, and .11 sucb paymeDtI with lJIteNc . aforesaid tIaall be aecured by die lica laereo:. In the event anr - or
d~ h .uffered Mortppr thall notify Monsqee of tuck _ or dam... witblA fortr-elpt (41) '-oun aft<< tIM happtDiDa thereof; the
failure bt pn .uch DOlice ehall CODId.. .. default ucl tile WortIIC" thall ha.. w rlabta Ilerela Pnll for aU deb.....
9. To penalt, t:lOIDINt or .ufftr DO wute ... . malntaio tIN Improvemeat; at all dma io a atlte of sood npalr anel c:oodltioo; UlII
10 do or permit to ... done CO tald p~ nodUOI tbIa win alter 01' c:hanp the .. and cbaracter of u1d property or in IUIY W&)' impair or
"'taan dte teevrity ef u1el IDDI'tPPo ID caN of the refuea!, DCSI<<t or lublUty of die ~ to rqaair ad mal maio tald propeny, tbe
Mortppe Dl5r, at Ita opdoo. make aueh repain or c:_ die __ to be macit aod ad-nO<< mOor. In that beU!f whkh IUIIII thall be sec:ured
by the Ii_ ~f ad bear IDterett at tit. rate of eIPt pet eeDt (I") per UUUJID.
10. To dlfllnr the abltnet or u.U'KtI of dtle t:IttftriD4 tile mortP&'tll ,ropertY CO Monppe or Its d..pated "geDl, nhlc:h .ball ac
.u ti-. dllrina 11M lifr of thla UIOZ1pp. remain In dae ~ ef cbc'MOrtppc aDd lD tyeet ef the forcdotur. of thi. ~ or ~ber
tranIhr of title, ail ripe. tide aod iDtentC of the Monppr Ie and to 11I7 .uda abttr-=c or abttrac:u of tide than put co tile ,urebUtr or
......
II. T1lat DO walftl' ., &a1 COYIIlut HrGn or ID the obllptJoG tICIU'IlI hereby thalt at ut1 dIIN lmeafter be lleW eo be . wainr of
-'1 of tile otMr carma Jaer.of Of of the DOte fCCIIM Ilenbr.
12. na.c ID orcia eo IICc:eIence tile IUtVrity of ... h.dll ue- lIcnO)' aecured beea_ of dM failure of cbe Mortppr to ,., Ul1 us
_I --. liability, .wlpdoD or ~ .... ..w ~ .. Ianela prorided. It....n Dllt be tMCCIMty DOl' nqaWU claat the Monppe
ehlJ Gnt .-.1 tIN ..... .
U. nat if tile ~ aIaaIl fai1,. ...... or nfute for . period ef dalny (18) cla1l fally aad pzoaaJld1' to pay the UDouDta R--
quired to be paiel by rIM DOtt 1iertIt)' aecured or tM iDt<<rat tbenlo .pedfied or ID)' of the .... 01 -., IaerdD refUred to 01' lMnby -
c:w-ed, 01' odIuwite duly, faU1 aDd a ., ~ euc:ate, COIIlpl, ,.,.da ud abid. b)' uc:h, rnrt - IDY of the conoaDtt, c:GDdidoaa
or adpulatioo. of tWt _np.~l, tbe f1 DOte IIereb)' MCld'Ili alillli/Ol' rIM c..IMtulcdoa INn aan-;at, If &01, daeD. aDd ill either 01' In
Irq of .ada e..... widiout uotiee or .. eaid ...,.... WID IMIIticoecl In tall! frroralttorr DOft, a.. ~ p&)~ If Ul,J, anti
..)' aDd all ._ JMOdoDed Itenin or tllCuecI bereb7 lUll beco8I dllt ... ~ IonIawitb 01' tMre.1ter at the CODdnuiq opdoa of 1M
Mo,.... .. fuJI)' ad ~pIetIII1 n if .... ~ __ wtft oriPulI1 td,..~ to be ,.w at .adI time, ..ydUq ill tald p~
DOte or MAiD CO tile COIltrv1 1IOCWi........'.. UcI dM ~ tUlI be IDtkIcd t!lereupcIQ or thereafter without DCtice or d-ui to In.
ltiture wit at law or lJt equiSdwct tIN NdIIII of ... Mortppl lie"""'" 01' *er aaid proaUetory DOte. 1D die "lilt of u)' defauk
or brea aa the part of die ~ 01' uDder taIcl ~ DOft, lite ~ ....11 ....... tilt CDDdAulq opdoa 10 eDtoru
pa~ of all ... MCQred _eby aetIoe .. law 01' '" toIt lJt lCl~ty to fonc:be tbIt ........ lidler 01' botII, c:ooeornDtl)' 01' odMrwlte,
Uc: _ IICdoIl 01' auk shall _ abate or be . bar eo 01' wid.... of 1M Monppe'. ripe . lDttituCe or mailPUiD the odMr, proTldecl talci Moot.
.... sIaalllaan 0Il1, ODI ~ lAd satWldioD " eaicl ~. I.,..
14. Tbt III the enoc ddt ~_~J (tl CIflONI:lt to .. appoblaDlal of . ra...., m.tee or UquldlltOt' of an or . .lIbttlDtial
r::'blu*t)' ~~.~ ~2~acIJ~S)a .=:r:~r=~ fi,':, a~~ ~~ ~:r-in:' J1~~ ::~
_kiD, r'lOrpoiudoa 01' al\'lUlPflltDC wielt crecS;&OI"I, or so cab adnDta,p of an1 l-anllt:1 law, or (5) file aD - admittiq tile -
ceria! allepcioae of . petidoo OW apiDtt 11M Wortpp' fa .., baUru1*7. ~ or t-lnDCJ ;J~ or (6) aetIOD sIaall be
tak_ by. a.. Monaqor for tilt parpoM of tffectiAc aD)' of .. fansoios. or (7) ..,. order, j_pMDt or decree abdl be enmed upon aD
~k~ of a creditor _ ~ b, a, c:oan Of c:GIfI')petI:IIt orl.lIriiiIJcdOa a~ a peddon ...tine ap~ of . rec:cit'er or CrUllel
dal:: '(S:) =~,:' :==~~-i':'-:': IlDCe ,-~:r=:.~~:':r ,:;:~ ~,:':. ~=,fi~.:l
.. lacmatacuvecl _ tile DlIte and all 0tIaer ,... Mrd)' ....recI nail bec:IHM fordawitla dill .. payalla. .. If aU of tM Aid ... of IDODC1
were. oricbWI1 tdpulated 10 he ~ _ aadl cla)'; lIIld tMrea,. die Monpaee ~ .... << tIImaad may r>.~'" a .aft at Ia.. cadlor
Ia equity . If all .... MCIIn.I ...., II" aIataNlI prior eo Ita -.dcudoa.
15. T1aa!......"....., &D1 ..... ~ ~ 1M Manpcw eIaaIl .... dao rIPt eo - ..... ... IDIpecc dM .....1.,..
"... at aU ~ d-.
16. TUt &IIY aUlD ~ ,\11III whlc:b -, he 10aaed or todYlUlCtd by the Mortppe 10 the V.onpaor at aDY dIM within ceo (10) yean
from die dale of tWa Iodeoh;re, eocedan wlda ~ tJo.ertco at die rat. qreeclllpoa at !1M tlriM of lUCk loaD or ad..nee, .ball be equally !Ie-
cured widI and bn . .... priority .. die orlpw lHetlN=- aocI be .ubiecC 10 all .. lena fdId ,Nmi_ of thlll monpp; Pf":lded,
th.tc tIiIe ItpqlIIe aJDOUM of priDCipal outItllHiq.. U1 dIDI..u IIGC e1IIl:HI aD asDOIUIt equJ bt,OM lauadred Uld fifty per eIIIt (UOCJ') 01
die priadpal UWiaDt eri&laa1l)' --- 1aertII7,
17. That, If required by Mort~ the tald Mortppr will pa, UIflO the Mortpen. on dir fint day of udt .nd en". c:ocaecudVl
--II, . aula "'llai to ~lftIa M elM annllSl eDlOUJ:t n~'=__ry to paY all tueI UK! .-rDe!lta apiJl6t tbe said ~ p~ taW
~Iy .... till be IlICiuWrd and calculated QII the UDOutH of taStI ...-cd lIIAi- AkI ~ .,.... fot the prnioaa ,.." aM If
furtiler required by MIrtppe to ,., an a-ace pnmiurat la _Oft' aec! fwa .. ~ .. lor ... ~ of tua aDd _n -....
IL TUt ill .. enftt die Ie&!! whic!l tbh mwtK"P . g:!ven tq lOK1Jn It aodc for .. ~fho.-" ... ... o....Af",doe
01 _ IMdldblp or doe ~ crt IflIproyemasts and/or i.ddidcoa. 10 mtdq ilouiidlnp, - . If ~ted ~ the "" "PP'o
upfUll., &pft!I 10 dt;potIl with dte Mortpgt-t or la desl~..tt:d !lgttlt Ifi, ~\Ult of money equal co Phe ~ between the lid p~,-eeeda
of the Io~n &00 tbe t,)tal &nlOUDI, ti drtetroinw 0)' th Mmtp.~~ tfGuired t$ flll1y wmpltte uid COQItruc:tioo In acc:otdlIl<< with cbe ,lUll
and IprdfdtiOlM lIemolore wbaittled by tIM Mortpp and IVflrond by tM M6nppe. Sa~d QQIOWIt of -~ ah..U be piKed by the
Monp~ ill . '~ 1:.1 pr<<flS Ar:c.'fJ"l~ it' ~M nI3M Pi the ~l11lililgOr. ~ t~, - tbll bE IlItd by the ".onc~ cO f>SY the COSlS,
charp aDd eJ(~ lACurttd In ~ ,;)~II ...lei ~ ;rior to rlub-"ntilfl; of, tlUt I~u. It II fIlrtlseT qred ~hat hi tbe "eIIt
_Id c:oomUl.-nOft J.l _ fully c:ompld~ (>ll C>If inion> ae <1* lIUi<<l tn lile eo.~ I.o6t'I ~: or In tbt eYart that tho! -.-.k Oft
wd toflltru....uoo ,ban C~_, b<<k.n fyll oomjl'let:.l~ W t~ ~ I'bal! t>>lId!)~. 1M . ~ 01 tefl, (to} all,.., Of If lul::<<a:rt1a! C<<>UOOUI..
~ aIuIJi Mt be JUd. III ~udl ~ ~ act i'$t U1 iOdI ~ tW Mid ~,. IRW'~ Inoc!pal liod iabrm:. flmttk-tled In aatof
~~ ~ and .11 moni4IlllOlof"ld ~1J N.1l11 ~ d_ _ .W&bte fwthwlth Of dMn:afm, lit t1e ol'alOt) of -.14 Mort~; _I.
the eYnlt 01 Iud: ~ cd ~ ~ ~ be' t ~ \!If - (to) dIlro. or I.f '~I! ooatincoua P:~ ..all DOt M
itid~ bl t\lith ~~ .. 1M .....tpp IlIItt)' &I ht .,.. ~ '-' uci up,m eM ~ ~ u.d ClOIIl,ku Mid <<10.
I't~ lit eud aeaer . It deeaIt Gd~ ~ .., i:lMll'lIt1K>1 ft'llIID"~; tbe -*cl ~ iMr.,. .hill. ud .,..uac
tQ me MorttJap MJ pMlf~t u.-4 .~,. 1tf -u ~ ...,. ~ - It" IiiiId ~ ~ .. -- bM;o _!t ~ or a:-
11\1.~ IN .., be ~ry to _~ tald ~ u4 'i'O ~ tiny ~ ~ iA .u "J.- In Pl'OCEe8 ~ aDd
In ~tMe _Y i.. iii ....,. .......,. liD ..... Wd <<CtItA JIICdM: - .,. .. iiil ..... ~ br ~ Mot1paM I. ~
with tuc:h ClIIO'" 01 ~ Is ~ t1f die ..... III saW "Lo.. m Pruc:s ~ dlen be 8lided eo .. W4 prIldPllJ tSClbt ...
:~ ~ at die ..... ......... fa ...... I ~ -. .. .un De tcUffIll ..,. ... ...-r.. ... ... be .... ~ 1M ........
._,-".~.-."1i"'_~._4
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