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,), Tlaat ill t8c "eM of . awt -.. loadtuttel to fer~ tWa. ~ do; ~.... lUll blt &dtW to apply at lAY duM eluriOC
_~ 'flf\:lwure .wt to W colin t.aviq jurilclictioa tMnrd fw eM ~t of . ..--.. of aU aacl ...... W ~ f'OPW'Y. aad
of all rftlCl,o'i~ pc:ofi.... bsV41 &ad rn..utI dttrtOl. fnlAl ...--...., _ra Mrivcd; aM ........,.. 1t II --Y upn.17 ~
aDd qreed tUt the coun ~an'fortllwWl appoiM lIUCIt neeI.", widl tlte _1 ,owen aad dude.; of reed"" ill 1Iu ~; - ..w apo
poioUDCllt daall N awM by tbe COIln .. a matUf of .rict: ~iPt to tIM ~ aDd witllovt lIIes.... .. .. MeqIiKY or ~ of tM
nllie of the prvpat)' ~ftIb) IIIOrtP&td. or to itIM -"".c,. nr ......eaq 01 ... ...... or 'A:! ..... put7 deftDdUllt .. ....- 11Ift. n..
Mol1Capt .reby .ped&a1l7 ...aI.. tilt riIM .. .jcc .. die ..... 1 _ of a n:aI.... .. donIaW 11M Mnb,. ..,....a, ~ ... lid
appoiDtmeat daall be ... .. llti ....... ....,. UMI .. a WIller ., ........ npc .. die MoI1paeI ad tHl tile ..- may be ..... wltllmlt
DOdce to die Monppr.
" T1ult if Uly proeeed1op ...1cI be lDtUtut~ .pllllt die property conred by tWt ..neap uJlOll aD1 oGft Ii. or c:lalJD wllcdMr
.uperior or hudor to the )jca of tIUa IMnpp. tile Mona..- _y at ill opdoo 1-..tI....,. .poa IMtitudoe of tuda aWt or :Juri", me pm4-
eoc:y tbereof _dart this IIUtpp UMI t\e ~ tCuml ......, due ... panWe fonIawida aDd .., at Ita opcicl&l pl'OCftd to forecloee
tbll mol1Caae.
7. To pay all .DClIl~lar the COIle, f-. ell..... aod espe_ of net.,. kind, Inc:ludiq the ~ of u ab.(rllc:t of title to wd 1.lIda
fCM&Ad to be _vnient or upcilieDt 10 coooectioa "ltll uy Ii'Mt fo> the f_bun of tbit roon~ aod .Ito lI,dudiq. wbetller tbe Monppe
U oblipted ~o P'7 IBM Ol' eoc. reM:lOAble attol'My'l f_ locuncd or e;\peaded aI lIDY time by the Monpaw ___ of 'be failure of the
Mortgagor to peTfOI1I1, ~ply with and .bide by all or u" of the covcoantl, coodltioos and adpul.ti_ of tald ptomitlOry DOtt, or em
mortlap, In th, foree1oeuft of lbll 1De11C-. aDd io roll<<tiOC me uaouDt teeurcc! IMrtby with or without leaal proceediap, and t9 reim-
bune Ihe Mona'(~ for "'ry ,.,.-t macl, or bIcuned '" ~... cutpOM with lot.,.. from date of ....,. -a. ~ aI tlM rate of
eiail! per cent (I"") per aaoum; .ud1 paY!Dlllb and obllaadoDa. wItk otetelt t!Ieteoe as aforaald, aIlall \>e IIC1lrtd b, .. lien IMrcof.
I. To keep tbe buildilll Ol' buildinp 1>>" or bereafter GO laid land InlUtcd qalMt loaa or damap by fire, extcodtd CO'ferap and
otber perila III . turn DOt 1_ than tbeir full lnaurable nlue aI the C?It aod tlrpCllM of tbe Mortppt ia . ~pan" Ol' com~aaia approved by
tbe Mongagee, tbe policy O~ poIidca to be beld by the Monp~, .nd ,ucla poUc:y or polioca of imurance Iban hIVe .ffixed thereto . Stan.
d.rd Ne" York Me~.ace cl...... maunl .11 Ioes or IoMa under lucb policy or polida pay.ble to tbe Mortlapc Ra :11 iDteral may .ppear,
and to deiinr aaid policy or polida to the Merta.ace whco iuucd "itb the rcceipu for the paymmt of tbe premium tberefor; and in tbe ncot
.oy tum of mone, ~ payabie uoder lucll pol~ Ol' pollcla. tbe Monga;ec th.1I han the opti9tl to recnve and .pS-ly the tame on accoUDt
of tbe indebtcd_ accurcd b"!rtby Ol' to penuii ilK ~ to rcc:cin aDd Ute It, or .oy pan tbereof, for ocber purpolCl, without thereb,
waivlDI or I..pairinl .ay equity, Iico or rigbt under or by vlnue of tbil mongap; aDd the Monppc If It d_ MCtIIIQ' may place and pay
for lucb illluraoce, or an, pan thereof, widlout klaJD& "ainol or affectiDI MOl1ClIft't opdOll t(l forec:1oH for breada of t~i. covcout, or aDY
part tbereof, or .nv right or option under tb!a monpec, uG rnry sucb p.yment th.1I bear latertlt ft'Olill date tbereof until paid at the rale of
eilht per ceat (I") per IDIlUm, aDd all lucb paymcoll "ith Intertlt .,.forcaald th.1I be teCured b, the Un: bereof. 10 the event sny 1Of't or
dama.. il luffered MortpIDr aIlall DOrify Mon~ of .ud1 to. or damap witbio forty-cipt (48) bOIIn after the happcoin, thereof; the
failure 10 live lucb notice ...11 conatitute . dctault and the Mortppc Ib.n bave tbe ripll bereio linn for all defa"1tI.
9. To permit, commit or luffer DO "..te and to malntalo the Improvcmeoll at .11 tima in . It.te of aood repair .nd condition; .od
to do or permit to be done to wd preml," DOthlag thai will .Iter or cb.np the \1M I19d cbu.erer of said pro~rty or 10 aay ,u,. impair or
"caken tbe a<<urity of ..Id mortga~, tn &:aM of the rnl...al, Mllect or in.bUity of the MortpFr ro rer.lr and maiataln laid pro~rty. tbe
MOI1CIIft ma)", .t III option, malte .uch repain or C&uae the tame to be made &ad .dnnee fDO'Ila In tbat behalf whicb IUIJlt .h.1I be teCu~
by tbe lien bereof aDd bear Interest '" die rate of eipt per cent (19') ~r anouJII_
10. Tl) deliver the .bttrllc:t or .butract. of title ooverilllf the monp.pd propen-~. to Monppe or Ita deaipatl.'d aaerrt, ,.,hicb Ihall at
.i1 rimes, dur.nl tbe life of thil mo.......gc, lunain in the poIItallOQ of the Monillft ud in event of tbe forecbure of thit mortaaae or ocber
transfer of title, .11 rigbt. title and ioterelt of Ihe Monlagor 10 ud to .ay lucb abstract or .bttrKtl of title th.1I P" to tbe purcbucr or
gr.nltc.
11. n.t DO wainr of any co.~ant berein or in tbe obligation accured bneby .b.l1 at any time here.fter be held to be . "alnr 0'
.IIY of the ocber term. hereof or of tbe DOte teCured hereby.
12. Th.t in order to acc:elerate the raaturity of the IndtbttdoCII hereby accured bcca_ of tbe failure of the Mortppr to pay uy tu
_nament, liability, ebliptioo or encumbr&D<< upoa wd property _ herein pro.ided, it .ball DOC be ncctaUry nor requWte tII.t tbe Mena...
Ib.1I fint p.y tbs _.
13, n.t if tbe Mortpcor Ib.1I fail. ncalect or rcfUIC for . ~riDCl of tbirty (30) claya full, and promptly to pa" the a.DOUota r..
quired to be paid by the DOte hereby accured or tlM ioter.. themn .pedfied or uy of the IUms of IDODCy bereill referred to or hereby se-
cured, or otherwise dul" fully Dd promptly to perform. aecute, _ply with .nd abide by each, every O'r liDY of the covcnantl, cooditi_
M liipulationl of tbi. mo~ the pn.muaory DOCe hereby MCllred and/or the coo.ructioo \oaD ar;rcemmt, If any, then, ud In either or in
any of luch eycotl, tlritbout notice or demud, the wd aarqate .urn Mentioned 10 ,aid promillOry DOte, i_ ptn'iOlJl paymcniZ, if any, and
.oy and .11 .IIIDI mentioocd berein or aec:ured bereby th.1I become due aod payable fonhwith or thertdtcr .t tbe cootioulnl optioa of the
MonPlee at fully .nd ~pletely _ if wd agrcpte _ were orillDally .ripulatcd to be paid at .uch time, uythiog la laid proaoillOry
note or herein to the cootrary DOtwlthttaDdina, and the Monlllft .ball be mtnled tbereupon or thereafter "Ithout notice or dcm:aod to iD-
Ititute luit .t I." or la equity to adorce the riPta of the !rf..c!"-:spe bereuoder or under aald promillOf'1 DOte.. 10 the evtnt of lay default
or breacb on tbe part of lbe MonPlOr bereunckr or under said proml.aory DO(t, tbe Monpg<< th.n han tbe coodnulog option to enforce
p.yment of all tUIDI a<<ured bereby by actioa at I.w or by .ult 10 eq':1ity to forl'Cloae tbl. mongagc, either or both, cooeurreDtly or ocberwiH,
.nd one .ction or .u:t Iball not ab.te or be . bar to or wai,.er of the Monpgft'. ript to Institute or malnt.ln the otber, proTided wd Mon.
lagft Ihan have 001, one p.ymeot ud aatilfllCtion of a&.id iodebtedn....
14, nat In 'be eveot thai ~...r th.n (1) ~ to the .ppoiotmtftt of . recrinr, tJ'llltcc or liquld.tor of all or . IUMaDti.1
pan of Mongaaor'. uaetI, or (2) he .d,Udicaml . bankrupt or InaolvtDt, or file a ~Iuotary petition 10 bankruptcy, or .dmit In wridnl III
Inability to p')' its d.oI.t. as they bccoIIIe due, Ol' (5) make . plleral _ipmmt for the benefit of crtditon, or (4) file . pctitioo cr IIlIwer
an:klng reorganilllrion or .rrangement with crediton, or t,o talte .d,.actap of .oy hl3olnocy I.", or (5) file '.0 IftIwer .dmitting tbe m..
teri.1 .lIegatioDS of . petition filed aguoat the MOf1&-aot 10 aDY banltruptcy, reorpniutlon or lnaolnoc, proccedios. or (6) KtlOll sh.n be
talten by tbe Mongagor for the purpoae of nfectiol u)' of the foftaoing, or (7) uy order, judJmmt Ol' decree tlaall be cote red upon an
afplication of a creditor or MortllljtOr by . court of competent juritdiction 'PPTOYiol .. petition aceltiog appoiotment of . receiver or trUlt..
o .11 or . aubtt.ntl.1 p.n of the Mortppr'. -" lUld luch order, judJPDCDt o>r dacree th.1I cootioue uoltayed aDd in effect for aD! period of
thirty (SO) conaecutive day.. the Monpgtc may decl.re tbe DCte hereby accured fonb"ltlI due .nd pay.ble, "htt'tUpOG dac prinerpal of .nd
the ioterat accrued 011 tbe DOte .od .11 ocher SIllM hereby teeured shan ~ forthwith due aod payabie as if .U of die tald .UfDI of -cr
were origio.lly ltipulated to be paid on auch da,; and thereupon the Mortlapc without notice or demaDd may pl'OHCUte . .u1t at I." aodIor
in equity at if .11 rooojtll aecured hereby bd matured prior to Ita Iotdtutioa.
H, n.t tbe Monpgtc or any penoo .uthorized by tbe Mon~~ .b.1i b.n tbe ripI to coter upon and IDlpect the monppd
premitts .t .11 re~able timn.
16, nat .ny lum o~ sums whicb may be lo.ned or .d...nced b)' tbe Mong.gee to the Monlagor at .oy hIM witbln ten (to) yean
fro~ lhe dale of thil indmture, togetber with interet( thercoo at the rate agreed upon .t the time of locb 10.0 or ~dvance, Ibali be equ.lly DC-
..urrd witb and bave Ibe lalDe priority l!lI tbe origin.1 iodebtcdlltll aDd he lubject to .11 the terms .nd provisiOlU of tbis mongap; provided,
that tbe aggreg.te amount of plineip.1 outatanding at any time sball not tEeeed an .mount ~ual to one buodred and fifty per cent (IS0'i't) of
tbe princip.1 amouat origioaliy aec:UI'\.-d hereb", (
17, n.t, if required by Mortgagtc, tbe .ald MortJtIIDr will pay unto tbe Monaapc, on the fint day of eacb .nd every C'OlII<<utive
monlh, a lum equal to one-twelfth of the annual AlDOunt nt'Ctlllry to p.," all tun aDd .-.menta .piDtt the ..id mongaged prcmiaa, wd
monthl- lum to be catimated and calculated on tbe amount cf tuca aslCSlcd q&inst .&.id IlIIOttppcS FremilCl for the prerioul year, aod if
fu.lher required by Mortgagee to pay .n in.urance prcmiulDI in m.nner ud form at proTidcd herein for the payDMDt of tua aod ~ta.
II, Th:u in the event the loan which thil mona.ge il givco to aceure .. made for the pu~ of fioaodag tither tbe COIlItruction
of new buildingl or the eonttructioo of ImproYtmentl 't'd/or .dditionl to mating buildinp, the Monppr, if tequired by tbe Mong.gee,
uprnslv .greca to deposit with the Mongagee or Ita daianated Il~at an amount of mooey equal to tbe difference between the oct proceed.
of the 103n and the total amo~ilt, .. dctenniDed by the Mol'tISlCC, required to fully complete laid c:ooatruction 10 lICCOrdaoce witll tbe plaDI
.nd ap<<ification. heretofore IUbmitted by the MonglllDr and ,-pJK'OVed by tbe Mortg.gee. Said .mouot of IJlGDC1 .hall be placed by the
Mongagee in a "Loan. in ProcQII Account" io the name of the Monpgor, and the lalDe .ball be used by the Monppe to p.y the coati,
cbarlltl .nd n~liItI iocurrcd In coonec:tioo with aaid ~Jrior to diabuniog of thi. Ioao. It i. funher .peed th~ In tbe evcot
laid COIlAtructioo It ~ fully completed on or before dte date In the Conatrurtloo LoaD Aarcement ?r In tIM tvCDt that the 'f'fOrt on
uid ronltrudion Ih.1I cenc before full a:IIDplction &ad lu:h cesaation ,b.1I cootinue for. period Of tco (to) d.,., or If .ubal'Dtial cootinuoua
prov;rcu .b.n not be made In luch _trUCbotl, tbeo and ia u, .ucIl evUlt tM laid agrepte Ium, prioclpal ud iutll:rest, mcotioacd ia tald
promillOry DOte, aDd all mooia et('ured bereby, .b.1I become due .ael payable fonbwltll or thereafter, at Ibe optioo of wd Monppc; .nd io
the evmt of .:x:h ceaaatioe of wort u~ add cooatruction for . period 01 tea (10) da,., or If .ublt.ntial cootioUOUl prOKr- ab.1I II<< be
made in .ucb conatruc:tion, _ aforaald, the Mortppe may at III Opdon enter lato and upoa dtc Monppd p~ aad COIIIpI... wd coo-
atrurtion in lMlCb manner _ It deems ad.iaable without aDY interference from the Mor.paor; the tald Monpcor hereby linDI and grantinl
to tbe MertPCH fun power .od .uthority to m.1tt .ucb entry illlo and upon wd mOrtpatd preml-. to coter Into ItICb cootractl Ol' U-
rangcmeDta .. ma, be I*ClIUry 10 complete lAid COOtlructioa, aod to upend any mooi. remainiDl In ...<1 "Loaoa 10 Procell Accouot" and
in Ddditioo uy IUftII of IDOOC1 neccaaary to complete wd comtruc:doo; aod any UMI all ~. upeDded by dM Monppe In COlllfMttioo
with lucb completion of CODRructioo in txceII of the moola in aald "Loana io PfOCeII Account" ....n be added to the .ald prindpal debt and
.h311 draw interat at the rate pnn-Ided in tald promiMory ..... ucI .ball be MCUrtd by tWa ......... UMI tball be pa"able by the Monppr
01) dfmand.
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