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A. Until defiiula; ur flee pr~rftxYSaasx.~a of the raaavectaxtts ~ amts of this anortgaige, flee mrattgagt~rs a!><a!! be aastitic*ci
to c~ilec.# the rrxsta, isstsen atxi frasra the (a[~niaeo destxibed, btat in esAr. aE a dx+fault in a•,v of the ter=ns ut
ths"a e~ac+rtgapta, :nd the f• ~ na frxer~se tads cr ~ a~tlx+r ~ ~tttoaberiag the withhn dea4-rik~ed pcvpew;ty. the
ARaociration shall i_*euracfirtaly ar4d w~itD,eout t Die +awt$tD~ed ~ tfae atma:t< oaf a I~acelvee of tf~ Tri~'t#js~ged rty, and
of tae r+exats, isszres arad vra~ftg ta>areof, with tlsee usual caf Reoeiveors h- suds c:eses, stad a~ Receiver aaraay ~aust:inaseci
in t~xiRSerasion ~ the saki ~xolCacrty until the time aaf the >~thereut uaoder such furecloa~re, and until the ronfimsstiun of such
szslc: rev t~ac Court.
9. if as c*cmv~ytu~e alwuld br made } tbo Tnvrtgago~ of tbe~ ~sinea hrrpitr deKxibed. a' or-•r thca~of, without
the writ.en crnaaexat o the :Axxrciutica-, and wi. t asanunptkan to regtaisr form of !aw ls'• the grrntee u~ t~c~bligaticsr>n~ to thh
.~~;.uxi~tism c:~sated by said psnTrris~x'y a°.~otie anti this ge, 4laera, aTrd in that event, aTtc! at the option of the Asst7rlE,ti„r,,
are<t witlaa>ut natira, ail sums ref mtuaey asrerued hcabby~immeafiatrly anti rarnetrrrently with su~~ coasveyance become due and
p~rwbDe aril in dtfauk 'lbe Asso~[atioia sassy deal ~ armors li: tnha~at with reference to the mcar~age and flee debt hecrov
seaarcd in #lae sense iT~annr-~r es wide t}~e mottgag+ors, and Tnry forbaAar to asst or may extend tfu~; for payx.~nt ti>t the debt, ~rrec~
hereby, ax atlaerveis+e act without ar in Any way affecting the Diability of the rcaort}Dagors bemea,asder ar upan the debt
hereby sx~ired. This 4,,saociatioas may deu1. wit.'s the A4ott'gagars ant!!fla~ with suaa~esaon ire iatrrest with refrsYxace to this
wort age and the debt Daereby sast:taT+ed by foelaeasriTeg to saes, anttendsng the tiasoe Fct #isyra~cat aaf the debt, pxovidiwg foe d$f.~a:rt
~~ paym~tmts andJor a differeaa! hsEw+reat rate., and~athe: exlx+nes ~tiggs,o# Ilse oc>asirart, witbax:t losin any ~for:t~~
the Asa~ciatioes haaa over t7tlse: aamrrtgageer or lienars or of any Junior fr+atarests ~ the property eertrr~ed hereby.
1~. That in the avatar the paa^rmises heaeb*,+ or a~aay pug theceaf, :ball be coiydemned anal taken for ppubtic use
under the laow•er of errtfasent datiasira, thrx Aaacaciatizast ve flats right to daxnand that nlI daanages a~arartle~d foes the taldrag of or
damages ;o said parr~rti~s s}aall be paid ~ the Assa~atloca, its weoesaaors tar assigns, 'aP to the amnamtatt ors this max*gage and
res.9y be sppDied upflm the psyanecat ar payments last perysbie attser+erx-.
l1. It is specifically agreed that time is the, esasnee of thls taorstract and that na waiver of auy obligation htrcautder ar of
tlxs obligation secured hereby shall st aatty tuna ttaereaf[+er lre bald ~ be a waitra~ of the tunas axr of tlw. taaanexat secured hereby.
12. It ftarecloet+ras ~oce~ea}irags of rsny st+erxad $a ar aetxand tit dtwd or any Junior lists csf stay lctatd slwtald be insti-
t~ted, the Association stray at its aptian, immediately ar declare tb,°$ naort~ago aced the i»deD~+Oadness serurnd }aes~eby dim
and payable.
13. To the eastent of u~ indebtedness of the Moat gore tc the /l,saoc~ist~ara described herein or sex~rsseal hereby, the Assn
cis±iou is hereby eubrcgated to tbae lien oar liens and tat t sights of ttae vwnenr and htalders tbereoaf of each and martgcgc,
lien cr otjser exaecumFicancb on t.?se land described whirls is F"a~ curl { ar) satisfied.,, in whole or in part, out afet
ref the lose described herein tar sercurod hereby, sand the dire' liesa.+ of raid tx~oartgages, liens or ether anscrnmbrancxat, sAll
to and be hek! by the AssorirtlroQ a. aeardty fxx the iTadebtedTSCaw to titre rlssoaaisiic+ra hassle described ar h,erreby sect, to
the same extent that it would have been ee~ved and vvauld have bases fsaxsed to and beesa held b+I the Aviation had it bcsen
duly and reguDArly atarsignad, trrrtasferrt+d, set avver axed eldiveretl rmW tb~ 1Lasaci:rtitan 'by separate deet~ of assigYSmerrt, nahvithatand-
ing the fact that the .same may be astlsfsaa3 axTd aenoelied af' re~d> it be~ag the intezrtiora of t',xs parties hereto that the same will
be aatis~--Z and eance,(l+sai of reoon! by flee hokle~ theD°eof cart or about the time of flea r+eeatrclisrttg of this rssortgsge.
14. Ta pay alD and singular flee ociaaPs, tdtargas, and ~ including lawyer': fees, reast~aably tneurx+ed or ps~id at :.ny
tires by the Associatia~at, because af' the fsi'hrre of the 149astgagors to P'r, tx~nply vsitl- arad abides by each and every stiparla-
tioras, agreemacKSta, cosrditiacrs and covenant: of said prnmiy note and thin decd, nr either, and toasty such psaymerrt s1srA btYat
inteaest from date at the rate atatod in tae nuts accessed palsy.
1~. That h,e will t, ~rsrstit, fltr saff+err na tussle, irtapsirtrrnaaat, or detoriora~ors of said pt»l>erty trr rsny part thereof;
and ire the event of the, fsiltTt~ of tht+ 1blt~gaxs tts Dteep the befildings ~n sapid fsre~'~s ss-d tl~sn to be ea~eet~cl tae said prc'gnnis~s,
oa -nprotrmc5rta thereon in goad repair, dAaaot~siioct Tr&y make and pay for arch as ire its di~reticsn it nraY flat-an
r far the psofer flora tl>er~, s~ the frill anrunsctt a~f surfs peymerrta shall~sarured by the lien of 4hi: rnartgags
a~ic-~clesha st flee option o~gAasadatf~ ba im~dirately due a2sai psyal~e, ar payable iTZ such r~aantlaDy irtst~aserats ttR the Associa-
tion stray detecna~e, aTSd every such. payment shall ba9trr ititerbst fr~oara date at the r&te+ stat!~d ir- the note aecaareti laercby.
I~. 7'lrat i the Assocaiatiaaa arsd than Mt>stgagass agree, the I-+lcrtga will tarry a pnliswy or policaes of insurances upitrs
their lives in an aascrotsat eeiraal frtrm time to fleas oo tlto >vtma+mt tsf indebte~ hereby secured, raaaking said P,sscreiatiory i>:~sefi-
stiruy iha3reernder, sand tpaat the said }~crs~tion may pay the prexcrium~a for st:clr ~sasarara~~ {iu the event the Noxtga;tgtns do eat).
and adti each such paynresrt to the un~ balaaue tt# t3ss la~an, ss og flea first day oaf rho then ~us`en2 mcanty, s,-a.-! it shxli lxycorrae
atldztksna.Dscsd~ebtedraer aecxtrcKi by naastgage payahele upon dEetaand.
!?. That in the evrrat diet trans crams b+s gi'aren ma serous a t:~ioca leaxt, failure oRr tle ~srt ~ the lViattf;agarre or
their ccan:rae3ora to cttFrnplrrte said hrta~ding iru daraos with. C•orzartructsaca I..oarx Agres.'m~cast, of eua3s elate hea~ewith, or taz birilC
said coasxtruction in acrxrt~.snc°es with plates and specffie~llams files with fire A,xsraeta~s, sluo,ll aanstitute s, breacD; of ttvs n~ort~;age,
anti, tit t$c option of the Ase~iaticmn, ~tely matm^e that axatirax arrrorstat arf prirsdpa:l srrd interest hereby selzuroc! and the .A.s~-
ciatii=r, many imanadiately iastit~aie pfioaemtlings to ~reclare this rrrortgage,
fi. What the ulsattract car abasts^e-eY~ trlF title ~ the moatlta psaperty +rliall at a!1 fiance, d=.rriasg tha*; life of this n~cart-
~age, :exnaira is; thee poets of flee As~sociatlsan and in the event o4 t .e foreclraa^..are cf this am7rtgt+ge or otlsf~r t:snafe:r ref citiv tc
flirt :nortgaggd pOroperty ice czt4rrgtcislsTraearRt of the iraclebte aesrtret! hemb~, all riit~rt, title, aaTtd irstac'ext of the lviortga~ors ir;
and to any satin abAtsacta ~ title shall pass tc the prxrrhascr or g;antaee.
14. The As~ciart€an arha,El has+e ~ xigl-t, in its d6:tt'e+etitm. to r^e4uire that the Mortgagors ptry into tkrr Ascc.~..isatanr- in ttdda-
tion to the maaath~y installments of pxitacipal ssad #iatt~rst to be paw by tyre ~frrttgagtrrs 4~~ tie rite secured by t!r?z rncrr!paage,
ate art equal #o tarae~tw~ffih flf tlse 8rrnual lust Gf easy t:sxes eat tame n~rtgaged rxcertristts 1e3.~ira3 cr as~xst~l by itu~
gr+a'errunental ststlataarity, an,-1 ttns~-tseefla of tlse annumP ~S ftsx ~iraa anti k~'xterddeedd t`,csverage ix-~arz~ on t&ae n7c~tgai;tscl
~~eusi as hratt<sfoa,^e rssquirxd by the cation, and the ~P'cartgsgcr~ $ailsrre try csaalte t.,ls lSatKtte±m'ts :shall ccm~ttittpate at de#s~~lt
ara~3st :leis ssaortgsge. .
1~: ~I"l~~ ~'lliaiildd~p', t said a#t~tl;agors lxerwucatcs .set ¢.htir hasax'is ar:sl 1~ the aa~w stmd +~~ar iz alsuvr v~r~tt€sr:.
~ign~. sear arsd dally in the ~'~#:
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