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Wider (b) (If i>&fACnv!'. l ~H~~iit~ llh &I 1 fJ<)t ~ ilJUft\ci{''l1t to pay .toUw.i f~nt4. (.tut-& ilM ~'()f.1fllt
and ~n.urlU~('~ ~lrt'mi~Ols, ~ t.ht' C~ m&)' tot. ""hfll the 6&l'nt! 3h&l1 t'€'H;rn<b du(! &i1d l.la.:;at.Jt-, Uwn th~
moft~:r llllAlt PAY t.) thl;! u~(tr\fJl1I~ a.ny ILlHuunt n(-o(tlNA.t}' to mUe up lh~ ~r.( i~IlC)', I.:n llt n..(or€ the
dAte "'-MII pA~nt of ~, Jfl)..md 1"\;0\1-), t.al""', ~"II'.~Mm(,Ht.s., or lnauu.lx,u ptfllnlUITI4 ~h{llil be dul:', If
At An)' timo thtj J:n('lr~ &hall tender to t.h~ mor~N in !Y.:tX,r.l..u'f'q,' with the l'r<.\\ illilJHJt of tht: I1Qte
I<<Uttld h.~--by. f\lJ! p&)'tJlol")t of the mtirc ir..d~bt.ffill~ t~p~nt...d tJ>>or-eby, th.. lnottiaj(W' 8i1~lI, III C'OI'n-
piJtins the ~moont of A>ith in~~tedn.... {'tailt to t},~ l\Cfuunt of t.ht' n;(lltjlagor all ~>Sl~m'mtA nllld~ ulldt'r
tb. proVt..k)M Qt (0) of por"ll'''~ ~ ~rf'j()t __Iud, tne nwrti"~ hu not t>(X'ome oNlgataJ to pay to tM
i"~r-&l Houaiug C-ommi_~o...r Af\J.1 .;.ny h&l.(lln(~ Tt'mli.inillt( in th{\ fundA /lfxl.lmul.aw.t \Jt.4H thl' pr\i\'liloM
of (0) of u.id pllLill&T&Ph 2, If lh~l~ ..nall 00 ^ dd&ult IJndt'T llUl)' uf tht' pnl\li,SIOM or thiJl mortl{Aal'. r~
lultina In a public ~I~ of th~ pr'emiAefl C<)\'C!'(.....l hervllY, or i( lh~ OltH1.gagM' ~uin-a U:t' pPJ~X'rly oth~r-
w i~ dtur ddault. t.be l!;Or"..,"CtoC ahaU .vpl}', "t the time of the Cl.mlmt'Mell1('nt of IHKh l'r()('(~'(i Illl(1I t)r at
Uu, time thl' ~roP(Tty l~ Otilt'fWlA-t' J\{:Quln,,<J, the bal'-ili:t' th;:>ll r"m.inin~ III the !und.,'l .rtunllllalf{! Ilndt't
(b) 1)( para.l'taph. 2 pr~~in, M II rr.,,:IillljC&\inet thf! lUIIl'Unt of princl(ull thNi t('malnlllg ~Jnpa:d under
....id not.(' &nd ah&lI p rope rl)' ,ullUllt any paymenla ...hH:h ahAlI ha\'e t,."TI nUlde url\kr ((1) of lU\ld pard~lIaph,
4. ThAt he will ~y all tJu~, lliUt't!4lnent.t. watH fa"... ~nd "thc~ gtl'd'llIOH'ntnl (Jf municipal ch<\l ':('3,
f\n('~. .")r imp03itiolla, for which Jlr'Jvlsion hu [l(..~ l~n mild". hert'lnbd(.n'. alld III defi\ult therl'of th,' mott-
g~ may P&Y tilt} lUl,mc; And that he Will prQmpU)' de!i\t'r the official H~('ip~ theft'for {{l the rr:on!{l\gn'
5, That h(. will p'NlJIit. commit, ot "utfet liQ y, a.,l('. lrnp"llrmt.'JIt, or ddt'rloratioil (If ~ai.t I'I'IlPt'rl)' (!f
iUl)' part thereof; ILn(f in tho tWN\t ot the failurt' of the rnortt(agor to kt>-t'p.. the bulldmf{8 (Ill ~-tIO PiI'lllill"l'l
a.nd tho&to tt> ~. t'N-'d~"\l on SAIll pr-ernlSf'S, or ImprOVt'nwllt.'l tnl'n'l)n. :n leuo.-l f'\'palr, tht' rnortjo(~""" mil}
mAkl.' Iluth r.'pAlfll AA In ItJi (iiActl,t!ol! it may dl:1!m IHH...\...',iU,. for the pfop"r pn".!le!'\'at:on thet.....!. illl(1 thf'
full amount of l'llch ann ('\'H)' such p4ym~nt .hAlI ~ lirllilt'(IH\tely <Ill., lll!>i pa)'llbJ.., AntI l\hall t..: 1\;"":11 I' l'" I
by the Ilf'n of thl8 mortR{t~(<.
6, ThAt h(' wtlll'il)' All arlll .inglll~r UH: ((~t.a, chargr6. tllId (>q)(,I1~.~, Including l'\'.Q~i)llal>!(' lawy.~r'lI
1e(~, And (\){itA or &\hstract.s ot tltlt" Incurt\.>c:1 or p-dl\l at Any tim(' hy thl' tnottRilgt,,-, h.,'(l\u~e of tl... fallufe
on tilt' p!Ht of th(' Tllort;.raf{or promptly und fully to lwr(t.rm ttl... alirl~'lli'~lltg and ('O\('flllllts or MI!d I'f,\m.
ilt.&ot')" oott' And thu' mortgllK\', And IUlldcoots. Chllfi(ffl. "-lltl expo('nM'!> IIha,ll ~ Ilfl!n.'\\,ah,l.... dIll' find p.'lY'
ilble All.I 8hllllll(' &eotu~j D)' tilt' lien of U1l8 JnortgAit!.
7, That he vnll Ke<l'p the irnprO\'f'fllt'llt..'1 nnw ..~iAtll1H or hHl'aftN t>TN:tt'.'{1 on the mortg6~I,i pr(ll>ert},
11l..'lUr~(t 8..'l may lit.. rl'qu!re.-l (rom tim'~ to t:nle by the rnortj{age(' .9.~all1~t h""!l by f1r(' And othn haut,h,
'7a~u8itle.i, and contmg,'fl('in!l In /luch smounta /ind (or !luch perlcl<.h EL~ may b." rt'o(llIlH'd by mort"aj(I,,(>.
and wlll pay 11l\}I1lPtl)', WIIl.'1i due. nny pH'rllllllllll on l!w:h ll\~uranCI' Cpr paynll'nt ..t v. hleb prO\'l,;lolI hu
not ~n ma"c ht'f"lnbt'fore, AI! illllUfll!ltt' shElll lw caniNI In {'urnpa!\ll'" npP1tl\,'d by mort~(jlo("'t' and
the PQhciNI IHHI h'lI<:,wals thereof ahall II(' ht'IJ by mnrtj{a~t'~' and ha\(' I'Itt!ldlt'\l therdo lo&~ payable
clAutH't'l ill fA\'or or arrd in (onn axn'ptabh> to till" tnOrtgi!~f(, In ('\'i'nl (,( l<)~'\ tw \\ ,Ii j?1\.' Hllml <l1;\t(.
notic.:> by rtllill to motlgaR;,'<'. and mnrtgl'l;{t?\' rna~' makf' proof of lnM If not Iliad.. l'romptl:; by mtlrt~;I;':l)r.
And ('J~rh In.~ur/'!.nr.) comp.'IlY ("oll(~rll('-d !/I hereby l\llthnnlf--,j find dlr('{tl"! to III ilk" payment i')l '\\Iel:
l~ d~f\'Ctly to mottj{kRI.'t' 1I1f1t;.',ld of to mort~H;{Or find rnort~8j{i.'o(. JOlnUy. and ttlP ITHluranrp pro.-.,..d!l, 01
llny pArt thl't('o',{. msy 1)\' appllN! by 11l0rti<1lJ{H' fitlL~ option ('Ithl'r to thf' (("Iuctlotl of th.' lli(\t-bt.'drlP.'\'1
hereby lk..-:un,.,1 or to tht' r('~tori\tj(lfl or ,,'pair of Uw pr>J1>~:rty darnaj{ed, In ('\('nt of ior.)(:lo~~(HI' ..i thiS
mortK&gl) or other t(an1l(('1 of tItle to Hit' l1lort~l1gi~l pn'l)('rty In r-xtltljo{\Il!lhmpnt n( thl' lnd..tltt',llll',\1I
&e<urf'd hi'r~by, all right, tillf', AI!!l jnh'H.~t of lIw 1l10ltllilgl..lr 10 and to 811)" ill!\IHiH1C.' po1Jt:ll'l'I th"lI III (nle.,
ah..1l pAM to the purch8...'U.!r or grlinl('t',
...'.
H. ThAt th" mortg&f{f~ may, at CUi)' tHlW pt!ndlng A "Ult UJ)o)f} lhi!\ fl)nrtl{l\j(t'. apply to Itlt' co!!rt !la\',
Wi{ )uri~hctlOn UII'H'of for 011' appointnwnt o( a r,~t'iHr. and ~uch court. llhiill f(;rth\\ ith appnlll! it
rto<:el\'ef of tnt' pr..rnI8i~ ('('\;'((,,\1 herdl)' all and I'IllKular, !nr1udmg ill! alHI !llnRular thl' Il\C!'iIll'. prt)fit~,
i"lll's. alid t(,\,i:illlf<3 from wnatO'\<!r MHHce d\'rI\'r<.I. I:ach anti "'\'t'ry !)f whkh, It 1}4'III~ t'''pra'!l~l) IInd.'r-
IIt(>(K:1. ill hrrt>hy nwrtgllj'{t..1 l\}\ If ;;1><Xltklllly t.'t Corth And rle~('nl~ In th.' ~ranllrl~ Rill! hatJf'ndurn c1il!J~.'A
twrt'of. and !!urh n:-('('I\'H shaiJ hav(' All the nrOo/\d IInd dff~tl\'t' fUli(tlOn~ !\CHI i>{JWf'f!\ III ilfl\\l.l!lt'
l'ntnHIUod hy- R court to l\ 1'{>\:t>I\'er. and t1l1ch appomtment shall bt> made by EliCh l'lHJft M an adr;liU."\1
('{pJll)' and B maltl_'f of ab~ojl1t.. flf{ht to AAlil mort~pl)(I"'. i!ntl wlth!)ut rdf'ffll((' to tiw lldl''1ua.')' tlr Illad,
t'quAe,' of the valut! of Ihe prop,'tty mortj,(Aj(I'd or to the lIoln'ory (\1 1f\80hi:liCY of sal,l /lio)rt~i\~'.lr nr till'
dd.:ndant!. and th:lt slJch r.'lIlA. prf;fita. 1I1CO!i',(.. 1J!_'\Ui:';t. and r.~\'.'nu('s ",hall be applll'd by I\!lCi: tt"':.'I\!'r
a('cordm, to the lil'll of thl:i /J\ortl(;1~'.' and the. pradln' uf !tuth court. Itl th.. "vent of fill)' lid,.ult llli tho
r~rt of tne mortgA.f{or ht:'H'I,mder, thf' mort~llKor Ill; rt"P!i to pay to t~lP mortl!,j)(.'(> on di"rllillid R!\ a ll'l!'i.lln'
..ble monthly H'!ltal for OIl' pr. mll\nl iln amount at l..a.,t '~Jul\,gl('nl t.. (I!H',tw.>I!th (11:1 of th,' a~:-;I.'~atj,
of the tWl'j\'e monthly 1ll!'ltillim('n!.'i p!lyahi" In th(' thHl currt'llt year plu~ thl' ;Htual nnlOlJnt of tilt' allllual
U.:H;'t, RA.';',-'Mmer.td, wIlter r<it"". and lCUUriW('\, pr.'ll1iUHlll f(lr slIch )'l'clr not (t,v.'r'.'<1 hy th.' afor"8i:ll.!
monthly paymenL~,
9. The. mortgagor further co...,'nant~ that ~ltouid ttH~ mortj8fp' Iili<l th.' nott- 1l.'UH...t ht,rt'hy Ilflt lw
eliRlb!c for iruur8.t1('(' under lh..' NntlonRI 1{o\l!ing Ad ~itlllli .JO U.:,,' frfloU. !Iii' ,bt., hl'f1'Or
{wntt.:n al.Rtef1wnt of "IIi' t!mc~r of the Fed..r"l HOl!!illl;{ Admil\l~tlall!Jn Of itfJthOflh'..\ <>j(I'ilt (,f tiH'
Federal HOUIIIIlIl CommiMioner dat(,,\111llh:'i€'<1ul'nt to the' ~0 ()i\Y' tun" (rom thp dat., of thlll
mortl(agl:'. d~~Jin!Ilg to in!lur(' lUiid iiot~ and thl! Iflort~ilKt'. }..PiI'l{ dl'i'H'hl Ul\lrlU"IH' prI>lA of lIuL'h Hi'
Fhgibility). th~ rnortgGg\'(' or the hol<h.r of thi' note may. lit itA optlun. ,j,.do-Hl' all ,urns j',(Yllr.,...1 Iit'rdl)'
immeothat('ly due and payable,
iO, Tht\t ((1) in thf? t>Vl'nt of any br..a.rh of tiil" mOr!l{81(" or ddrHl!t un tlil' pflrt of th.. rn',rtl{al{or, or
(b) In tiw ('v{'nt that /in)" 1;( ll.Aid 11um,' of mOlieY h('f('ln r('(,>Hi..t to 1,,' (;ot prnrnptly illId !\lii\' 1',11<: WIth,
,jUt demand /)r notlc<,. or (r) in the event thIll t'~dl lUll! {'''t'T)' th..' IitipillatlOOi3. lij(r....'!lit'litJl. (('lldltlOlIlI,
.!ld covenltnt-3 of /laid 1i(;tJj and this tnl,rtKIl.if'. an not duly. pmrn.,t!y. And (\I!!\' l"'tflJrmHi; th.'/) In
t.';thcr or any such ('vent, th.~ uid age-regat.. llum f1H'ntIiHH~1 in l!i\lll Iwll' t!.t'I1 Tl'm!\lflllll{ unpaid, With
inh!rellt A<'uuf'<i tI. thaI. tlnw, and ~ll f1Wiif~YIJ ..,'cur....J tli',d)y, ~hBll l..-'{:ome dtlf' and pa~j(bh' f(lrthwlth,
OT tiH'r~a~t..r. al Hw option of Mid mot1il'Ltg'ft'; LiS tu Ily And ("ompkh.l;.' R'I if all of HI" ~i\ld fLHll'\ (I! morH'Y
W't''''. orlglnfd1f RtIPU'llt('~i to [-"" pa'li on !Hlrh dAY. anythinI( in !sJ\ld "ot.... or 111 tnl!\ tnOtt~aK" t,; tilt' cOl1trary
f\otwith_~tll.ndlng'; And t!wn:IJ\-uH1 or t1H'1{,ilftl't. ill the option of /'<.ili!'! l1iortgi\l'~{', without nntlc{- or di'fTi'ind
luil At law or in f''luity, filii)' 1>(' pr-o~,:.l('C\ltf'-(! u if all mOn('}'ll ~t":urf'<i hl'lt'hy hAd rnnlutt',-J prIOr to 11.'1 Ir\!\U.
tutiOn, Th{' rnnrt~llg",. may fort'C\(;ae UliA mOf\g_l(f'. 8.'1 to the amount 110 dj'di\Tt~ dul' and l'aYl\bl". lInd
tn" .nJd pn:'ml~ /thAil ~ Bold tn IUtt:5(r linn PAY th.~ ~.m(' to'idher With (Get-t!, nr~:nM,~. !\nd alluw~IIf('~,
In CA.!~! of PArtial fl)t'cd.}!ur" oi thi, mort(.rlig.~, lhl:' mortgiiR,'t! pr('(ni"f-~ IIhalll~ 801(1 !i\lbJ'~';l to tlll~ con,
unulng I!en of HUll mort!(41F for tilt. alliount of the (kl;t not t!lNl due and Ufq',.ald, In fHlCh (a."~ the ptt.,
\"1~1')M of thl~ paragraph 1fH\Y li,{{illl1 IX? .yailf!i! of t}F:H'a!t,'r fnJlli tifT\!' to tlOll> by the. fllortliAiCl.~
It. That th~ fnOitKilll(lr ,wiil ({lve imm~hatl' nOlie>' by mnil to the rnortI(4f{.,,-! of allY ..orl\('yanCl!,
tn\n!fer, OJ" dilmgl' of ownrra!llp of th~ premlAeil.
, 12, That no waiver of ~IlY CQ\"t'llnnt tWfeln or of thl' obl:R&tivn l\,'::iJr.~! hr-H~;Y ahull at SUI)' Omt'
tll('t~(t")r ~ hdd to l>e Ii waiw'./' of the tNnl'l her t."-of vr Df the note .~urf.,d h,;,[\.b"
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