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~ ~ to t}:s <=ent the ~i~,rtQagaa aRai1 race+ve sr.y prateeda of irautarscs malntrlnhi DY the t'a,mpar.y pu:aunn[ to `tr:
t,~n 1 7 hrre.~f, th, sarne aha!I tx hard t,y t::e ~'!nrfrtagra as a part cf thw rr;vxiQagf, prvysri}r end fhall ir+ ap-'•!!r~3 DT the
t; ortr;a;z<c fr,•'n t•:n-:r tt, lima to sny are yr mare o the fo-la+ttn~ pur~waaa
(a- i{ r:o ,itfaut[ reftrrc~i i.r lr: the i~•ast has occurred ar.d is continulnK the priKeada cf such lr.sarance aha!!, uf,i,n
r+e\;trn a,pylriatt..:t, tl:<rrtor, De released W the :.ersee, to reltnburae the L.~eaare for en}.crditu:sa t~~ade f ~r the repsc:r,
rest•~rat!nn or r<ptaerrrer;t of tTo unt;a of the rnorti[afr•i ~ropetty s-F,kh Rare Lean tizat, d:mage~i it dRatr~ytd upon
re:tipt by t!cr Aiortka~r+* c: (i) a c<riiAcata o! the treasurer or an aaairtar.t trFaaarer cf the i.esa« fhowtnp in rr:s: r.•
ah!r detarl the yurir,,a+t for which the raparnditur<+ mere rnacl? and the actual rss,`: ezj`•end:turAC male for a.:ch p.rrp~a<
and at~tirtri Chet. tl:rrt is no drfau:: urd!r the 1,eaer, !il- s rnortga!{e aupt,ten,anta! hereto lufflrtent, as •.".owe. Dy an
,;p,nion o! cour.srl, i:; +uh~t;t any ad:i!t:ona to r,r avt,sututlcns of t*e rnortgaitad property to the 1!en hereof. Khlch
:,pinion rFa11 a!au coerr t, r fli!n~ and'or rccnrdini; o! ouch -~ elemental mortYaiga to as to •:taD;is}r t'e lies. herrcf
or, such add!t;~.:n+ v: au! attt;ttons. ar in tF:e t.!ttrnative an oy ~r.lar, t3:at n~ aufh s~pp!+tr.:rr.ta! tnortkatfe is r<~u!rtd free
such t>ur(•±~br
;t,! If the !r.surarxe frcx«ds ohs;! rr,t Rare t*<Pn at:p!!t-! t:~ t!:t purfr?+sra fp~^tI!1sd in the pre.tl!r~ f~ars;;raph
tat w!tt'in 30 days from th< rtttipt ttiertef t,y the 41->rtgniieF. cr t! within autl, periad the 1.<saee e: t!r t'vrnpar,y
shall lave n, trr~ri the ~i~trtga2te ir. wrtttnx that the trr.~rtgaKt•a ropert~ in rtf~rct of wtttctt tP.a fns::rt:} Ions cu<ur rr!
'arll ire •;!d rn acccr.asnct >t.th the prr=rts'ana c•t Src!:or. y cf the I-<at,, t~•en ao land as~rt, default rsferr~ra to In t!:e
-.earr has txcutred and ra cor.t~nuir.~, the inaursr,•-t pretteds shat! be applls•~ Gy the liertgagee as follovrt
ttl Furst, to tl:t pr<payn+rnt of the',~ot<s atl in the mann<r preside-j for t•y ~tttion 5.1t!+- *rrrc:, ar.d
f2! ~rcura, ±he t:a;ance v.' any fna~~rantr fro:<rds t:e'.d by tt:a 4i o:titsKee after nukir.rT the appl!r:t:cr. ; r_:
.!:ie.i it,t Dy th.c pr<cc=iinq subparagraph 111 ehal! ho paid uver to cr uFNn t1r cedes of tt:r C'orr.pany
Irl -f a ,iefauit rafts:t,3 to in t!:< 1.tasr F.as cncurrt~i and !a cor,t;nuir.g the int~tantr procrtds s^,a!! De t,ak<n
l.r!~i ani appitrd as jr:xeeds ar,:i ava!is t.f iAr rnortgsnr~t proj<rty to accordanrc wKf: the ;r<-\'~s:on• •>' ~<.t.or 3R
her. =f
;Ft'Tln~ e 11 E:!-Al'l.l:i A\1- tsTiii'R f'Fttri'!':iiyti8,
! i :!:r '.rem "tent of dr!a~.r!t" for tRe puriv:aa h<ro.! tl:all ::tra!t sny not cr tnor< of the falin~i*~
la} 1lrfau!t f:~s a prtsad of !~? daJS 1n t1~r paym<r,t c! interest cn any 'rota,
ib) ilr!3u;t !ur r prrir"3 t' IC data in the paymer:t of any- ir:r'.alin;er.t :•f t!':r prir:c,pai of any `:c.:t MF:er, aid a-
the ^arnr sF:all teceme tsar and payab,e. whether at maturit}• or at a ,ia'.t 1\rd f•?r yrepayn:er; cr Dy :cce!rrat:or. or
ot!.erMiac;
tc; llrfauit ear the Aapy<r.ir.g cf a^y e\rn: a!,all occur under any +r.:.itrt~.tre, aXrt<rata; Cr ctf.rr asn:i!ar !r.a!ra:r•,er.t
:ender which any tv!der-<t ui tnde'~te=lnras of t1.. Cc:n'cr~:y may he 6rs,td. ar.d such default or scent s:Fetl :r:r.tsrrue f.;r
a ptrr><3 cf umr s,;rt;citnt to permit t!:e itCt'•.Fr6t:~,r1 <:f t1a rnaturay cf any ir;dtt•ttdr,tss o! i!:r Cnmr~an}' oasts:ar.•itn}t
.~.errun•!<r
t•i! i}eta ;t to the tier obeor\anct or parfr rmxr:tt b-r tRr Cempa.>:} c! any utr.er torrr,ar,t, tv,-:Sa:~n of s~:rtrr•.e~.t
tree t:+ tr c.`sen•r-i t: prr!~%rmca by the r.'crn; ar,y ~.y errs t,•rrr • r,! eht \otr, t!;is'=fortgase or any aas~tr;:~;er•
(~~
fr_:rn the t on:pany t, ~Sortgogt< Ias ear:;Wert c.' totes jzxya!;e ur;:',rr the i,rxsc tr, rtsf•<tt cf t}:: rnrutgag~•i pr<•pt:t,
a*;:! s~:,"h: drfa~3it r!.a!! tc,nt,nue f„r 3r? days after wr!titn not!ct thtr<cf tv the Company Gy the Rlortitaytt.
Ire lkfa::!t rn tGe due otatrsanrt or perfcrn:ar;tt t'Y eke !.ease a! any crce.^.art, ccndstier: or a~rrerrrer:i rt.;u!re:i
't.e .,t:srn r+! or ~rrf:•r rr, r,i by t~.r i<rsr< ur,drr the tt;ms cf tFr :t.er a^,d es: `: dear: s}a!1 tr,nt: r.°at fora Ctriv.'.
~,' ttR,t su!ftcrera to f•ennit the i.~<sa•.,r thrre.;r,:irr t•, t:erc:re a^.y _r;e nr r.;orr rf t~:t rfined:rs a f.:rth tR• t'r r/.!ass
i!! .it:y rcpretrct;Lor; oe warracty rr.alie !?y tt:t t.'..racany rn rr;ttrF h<tr,n, ~r. ar}• a.+:kr.;nr r' c.' srr.'a. tr, t':r
ti. ;r Airtert:cn: ter en an}• s;atcmer.: or cert!P.cxtr torn;:_!-;tA t,y the (•omj•any t., 2 r ~ic.rtiattee ut t!:r r.ot•!er er ha!•.en
r,f env .ar purruar,t tr, e.nq turns of th:s tit c:::gake ar !^ runr.ttt!nr. v,:ti; the yurc!-.aat of tie ` :,tP f; .ta untrue Ir
ar!Y ,,^.iAtPr:a! rrsptr± e+ ~ f the ds,te o! the ias.}anct er raK!nR trtrt:_,f ar:d shat nvt t•< ma 3e ~_~~•:f~Ritt-:!.^. 3n 'ays aster
r,r.t:cr thtr~ :f . , the t'„tr,ranv C•y t*a }i~~:tgapr<;
ig1 The r'on',f:any t:•<con:ee ;rs•,!titnt or bar~krup'. ar a•!r•.tt> 1n writ:r.£ its tna!•:!.:iy to pay as de?aa ss tr:oy rr:atsrt
cr m:diira an azuKn:mrnt !~;r t!•' t,<.-:•5t !,f trr,:!Car+ v: r,.~~:+.ta ar cc+nf<r.ts t,~ tie sppo:r.t:r:er.t of a t>le°.er •~r r<:<;.rr f•;r
• .~ t'om;'r+ny nr f .r t`r ma+cr pie' of !ts yrc;ertF'
tt!) ,~ tftiatrr Qf Mitt\~tT to ap~~,lnte~j f~.:f tRt t_~i~:c;'a^.;~ tie f-,P t:'it niAjGi rltt Pf of pt6plrty and :: r.~~t ':a::`:arE:•,2
~.tt'~:n iJ ways after s~x!, aj--(<;irtm:era;
ire lten::rsft: }. rep:r,;ar„rat:on, erranKrntt.^.t, !ns~ri\-tr.cy ur li~r,dat:vn pru:ra:3icgf, r~r t,tlar pr_::rc<.:rke !_;• ;rite:
ur•,d: r ary ! sr.!.n:t' • !aR or a m!1er law !~,: the rri:rf of t}rbtera, are :r:at;tsier! Ly c,r sga:nat the (•ompanp arid, :! to
t:h.!r•1 aca:r<st tFr i~. sneer:.;, st.• :.ratra~i t, rr art r: c;: +iisrr:est.; rtth!n'C} days af:rt e:rh tr,a!tt;trun
t ? ~4 t- n ary such r:rr~,t cf dtfautt haw ;^ayp<r.rtt ar:d :s tcr.t:nwrp, t!.r ~iactgapt-~ ma}• r*rrctat any c•nr cr t^. rt cr
,,!; ar+, rn anti- c.rdrr. c! t*:c rrrr.rdrrr trre,r.aftrr ate f,rti: !t he:rg tap:tss:y- undrtst..:~i t!,at r,o stmt<!}. ?'te='en torfrrred
~a rr t.~r.a F~d t:, t~> tci iu star of an}• c;!a: ern-~.r=iy cr rrrr.<d;t\, tv, t<:: ;.: acd r\e:y some--.i; sera!! t,r t•.ur:ula'...t ar•i sh. a'! ;~ ;.
vl-1:±:,,n +..: r:rry ~_!^rr rer..ray ~i\rn herein er r:av, or F:c=ta.fttr r>< a::nk at rave nr 3r, tw!tf cr by at.ba+?
t .,r T!: f• ': ~rtpsy'Pr ttq., !+j r::,t ire to tc r::; t.-• .. t-~-rY,ea ri,, ,!tt!t:P t!:r rf '.!f?' U'.ea.~! Ea':ar:fr G! tr:~ ., ..r i~s t
t-.~ t:rnc~itat~'} ;i_~a xc.l~jaysblr, and th<tet:fcn s!i"suite mpatd ha!ar.ce. t-.kethe± xtth a'.! a<tr~s! ,t!rrrat tr-;r.r,
:ha!f t>r anti t tccr,;P tmmt~9!ately ,iut an~i ;:arab;t;
it.! ti~~! <<•c'. ai.a}s to 'he t!:en t\iat;:-,k r:gl.t~, :' an;, rc t'ra 1 tEarr under tl:r 1.<asr, tnr ~iort-'as;rr ;~rra: r.s!!y
!.S Aker ftI f, _* ate:,rnr}s. rha'! harp the r:Rkt I+a!crt r.> tt,,:-:pi!er.r« wtth any app!iea!,!r mar.aac„r} Ir'pi tt•;u~n
::•crt+! t s tnk+- imr»<•iiatr (.,s•rasu.n r,, tl:e •, ••r'.iii;r•! t,c;•etty. c•r a*~..: p: tt:or. l:rrec'. ar. S f .F s'. r,.c,r(•: et n-.a:
!:ursue• *~ ^ +arr:r u!rrr'.t: st tray t•r !:>:.ra,. -anti rr.av rr,trr ar.y c.f t't:c peer=.:st. cf tt:e Con:yang. Math cr ~• ^u'.:: r.~.t:: r.
,lr:ni..-+ (; r,-.rfs, o! !aw or !tf'at jrc, t-lure s.-.d 9••rFrC!! ±:,r '.ak•r j,..ssrs+;on .~r :; moot, ktrj= ar,d st~~rr '! r seers. r „
a: ,t :~e-at, t1-t sr,rr.r ur.t:l a,l~i; ,• r<;r- ur.drr•t~~~3 arihout ;!rn;t,r,t t'..t .' :rtR:i!rt;. *,Tcat the .'~lort~a;;r.- rr a} a.:! it
!, n'~~ r:rn t'r:r n!.'- a::•a out'„~rtt•, t<,, icy<p ar;:i :!r~-r re;! rn,:rt~akr•1 (;r. G<rt.;. or aey {,art i%r•r.`, r.n '':r j:rrrr,:a:
•! t!r t'ome.ny; serf :*at ~iortka~rr ana~! r•:• ..rest:} t:e :ic<R:r•.! t, i:a\r s.rrtnd+'rri, u: ., !.a;e '~:;•,! '.akr
;n+sF•sa•n c:f s~xh n:ortytage-i f,rvprtty,
irl tiub'•ecL sc!sray• L, t`~e teen e\?sUr:}: ri{;}:ts !! any. a! tl:r i,~•~+te un,irr the i.tasr.cht ti!~~.,tr:nRrr R:A:, t! at'y:r
t,r:.t ch a~'.,:,n nay !-c iaufut an+i always ~aL;trt t, run:j,iiac:r ..,t=, any n:ar, irrt••ry lexa: rte(:,*.rr:r e:'... u; -
,. :~ .ut +3~:r.r; f .wsraf:vn ar.! e.ilt: trc -P c,r after txkrr;; jet stss:on, ar,~l st;th•~itt ! r :t•.tsrr; x•:} itKa: (,r,:ter?
~r,~s H}:ats,r ~:r, ar.i -.acirg f•r+: ft\e : r.~-Sue _.~ suh salt by r«:sttr<d ma!! t" lr.r (cn can}• once at feast l+i slays
.- .'.t date c•! !~tt: as`f, an:! e y c:ti:<r n--tree c.!:ic!: mAy br re•juirrd T,y taw, aeti an=S tl:s!-,ar i.! rat:3 rr.crtkakr,!
er~'frert.y, cr anp pert t`:trt•sf, at eubl:c e•3ct:•~n t:~ the hiltrest t,i,lder, in one !ct as en rr.tir?ty or to >_xFarete !s.ta. anti
r:!':er f~:,r Iasi, c,r e=n rccr!rt a^.~! ore such. terrr+a as ;!,Q `dartgsgar, t^ay drttrrn:r:r, an>i at a^.y p;x••e !M!:c:`:rr •~r _...
!d• tt a 1+?tat:on rf tRC r;iOrtf{ar'tt`,: grvf>trty' or arty part ti;t:tc•!) dt::i.•nettd in the n.ot.r% st~n-e rifrrrt to f,ny s.: •:t,•sair
ur Sad'? r:;ay t.e a•3;o.;rnt<! !rent tirnr t•~ trfnt b) enr:oJnt<m<r,t at t'te trrr,e ar,-i !ati+ ayj:rte r; ter surh sa':e ar sa-, qr
f„r any aurh a3t.,~rr.r•3 as:~ et as?es, without fartF;.r yub!4a}.ed rr.!rte; ar;d the ~orY~3£<t cr .ra hal•3e: or !:.•!dtra ct ,..
':~,it:•, r,r of any interest t*rrein, may !:id ar:d t.ecomr the purchaser st sny s~xh ss!e;
t;ii The ~'. ,rtgagrt R:ay r.:„crt•:3 t~* p:ctftt kn' cr:fa:~° this mortgat!* ar:d said :•ctts h:y s,it er t rtes G:: gr-rFr.i-
c:tr?a rn e<{u;ty• at taw ar in Lsrrr:rui:t;.r. ar.,i ~httl:tr :.: tl;t aF>rtiAr gerf::msnte rf lr,y cnvonar,t or agrtrrner.t F:tresn
t.. r:t:ainfe3 e;r to rsr<..t::.: .•r aid cf ar,}• C--+er herein -;+-ararci, or t~.r f~,rr:l•-.~aurr !:rr<ur«dEr, cr ft±• t!,.+ a: }-~=irrrrent r!
a te<ei:.>r cr rf<tiv<: * f~~r t't:t rr,rtt,is¢ed ; r~.y<ag or ary pr.rt it:rrr~;f, cr ! .r the rsca~rrp c' ;u~t;tn:rct f :r 't,t r •!ai,r
r•.ir.tss h.rrob}• secure:!, .:r f,r tr.r er,f~r<.•trr,<r,t cf any c:thrr prof-<r !%gsl nr <•;uitah!r r<medp avatiah!e un•.iee spf:iica'-•:e
lAac
Ir! :~ut,jtfL a!\+,rya W t!.r th:.r. t=catsr•r~ ctgt,tr•, '.( a= ti'. c•f the 1•<c'<t ur.lrr tnt i!ase. the trGri~a)r£? r.:a ;:r,::..r+•i
.. rlF!!;s» rr: rrsf:ec: v! ti±t lsae,+ „f nny c„c tl~,r r~r:rt+txr:rd nr•::;-seep ar:d the n,ertyagr; pr,,t:trty cavr:rd th.•rr`_•y ar.~t
tl:r deters, uhf:yet:or:s ar,:3 iral:;kt:rs t:! ±r,t I.<ssta t^<:tucdrr, a!; r:;t!ts. pr:\;;rgrs ar:d rernt.i:rs r the i.rsst or Ly
a;`s!,aP;ir Isw- j•rrn:itt..! or ervv;c".r,l to t?p rrsr<ixt=3 by th:t (.smear.\•, rr:.1 R•,ar ~rertis? a!l arch r:itr,t• and rrrt:rti+cs
e-;t'r:er in the n-rt t r.f t!,r .`-iort:krape+ or in the r.ar^.r r;f tRr t"c•rn~ar.y, !:;r tl:< r:a« ar:d txn<<,t .:f the ;t ;,rt;taKtt G§ ut.o ;_
!!rr:st,tt j( ~nL- r:f the i.:her !errr.a t.f th!s Wort }ja}te cr c:f any an3!4nmst:t frr~rn t+:t (-ompany to tF.a Sf ?rtKagre ~f rFr.t•
;~ayal:!e ,r.:lsr t!,r i.rase !n teas;?rt of t!;r Rtor:Kagt•! prr• fatty. it i+ atkr;.•wtt<ig<•i sn.i aR-rr.'<l i,y t}:t t r,rr,t:sny that s~:=!
assi~nr:rrt sl,s!! t.F :!errne,'. !., rvr ar,d asaif;n t<, an:l vest tr: t%,r'•!„rtg:•sgrr a!! the rijt'r:;a sere! f><;xe-s ;n tnt+ f,erasrta,ti.
rr? f,r~vldrd f,r,
r.ci .iut,;ett eiMCya t„ tt,r then tr<;st:ng r:yhte. if er,y, o! the I.<rEre ur.d~r ti,t i.4aad, tt:r tf•_rtRSlrr Wray rrr.i t!.r
rrr.!a!s rrsrrtir~+: ur,.,rr the [.tans ~..h;ch Aa\,s t}t<r, as+:~tr~r-:i t:, !t:a dit,rt~az:?t any; se!! ti~t;t: t:it arrE tr.iPrt•t of tr.r
ll~_rtKa„=. c, xs ea,ikr:<r thrrrf, at ;:ut,'rt~ a;ettson t„ i!:P h,a!:<st t,i:.der and r!thcr f:.r taste Or c,r, cre•l:t, th.r 41.;tt:s;ra
t: ,::r tAr t:nrnpar.y 10 dFjs pears sritts.-r' nc,t:te t,f r!:e t,n;r and pace of !:ol5;r:x any a~~.•>, sale, ar,<{ f..,,;!dfd else}~
t?.sr .>:, ~l':•itjt4~'<P sRa!I alai: r.,rnp!y tr;th any apf•i!cabtt fusnc'atr:ry legal rrquir<ntrr.tr tr. rr;;,rF.?;cn ~:!'; s:~rh ears
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