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priaroipal or intarsst oa t1~s iwts bss~sin dssvribsd or e~ psrt -
. o! the indabtedn~sa¦ ~ecas~d by this mortrqaqe or intersat therson,
be not paid xhen dne, or if def aalt bs made in ths ~all at~d ~
praap~ psrformance of anp a~venant or aqreemsnt bsrsin vontain~sd,
~ , or if any proceedinqa be institnted xhich miq'ht result to the
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detriment of the wse and er~oyment o! the said property, or if I
, _ Mortqaqor shall me]ce an a~siqmnent far ths bsne~it of cr~editors,
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or if a rsceiver bs appointed for lbrtqaqor or his property, or
~ . . I~rtgaqor f~1.es a petition in bankruptcy, or is adjn~iiaated
a bankrnpt, or filea anp pstition or inatitutea anp p~s~oaeedinqa
under the National Hankrup~vp l~ot. or if Mortqaqor bscaaes the
' . enbjeot of anY PsoceedinQ, uader at~t Insolvenaq or HankruP't~'Y
' ~ A~et, for his reorqaai~ation or ecmpoaition xith hia creditors,
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~ then on the happeni~q of any one or more ot thess e~veats, tl~ia
convepanae ahall become absolnte and the ~hole in~deb~ted~es• ~
; .secured bareb~q ehall imaiediatelp bevwae dn~e and payable, at tbe
option of Mortqaqee. and this m~rtqaqe map thereupon be fore- .
, cloaed. On any defaalt by l~crtqaqor. l~rtqaqee shall be en-
titled to taka in~ediate poeeeasion of the p~ramiaes and shall be
antitled to the imaediate app~intment of a receiver, ritl~out
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~ 7. MortQaqor aqress that, tn order to mors fu11Y Fz'o-
tect the seauritp of t]sis uwrtqaqs, M~rtqaqor ~riil deposit vith
~ ' Mortrqaqee• on the first day of eaeh month, beqinninq on the firat
dap ot the month ia Vhich the first papment of principal or.
interest oi~ tha mortqaQe debt becom~es due, one-t~relfth of s the
~mount ~aa estiiaate8 by lbrtqagee) ~hicti xill be auffident to
` pay ta:+es, special asees~aente and otber charqes on tbs real
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' eatate that xill bevane due and papable Snrinq tlzs enaning yearr
, plus ths am4unt neceaeary to p~ucehase requi~ed in~urance for ons
- ~ pear. Mcrtqaqee shall bold snch monthly c~eposita in trnst,
` . trithont any allarance of interest, and ahal~ release such fua~a
for tbs payment of auoh ite~as Mhen the same are dae and payable,
` I! at anp tims it appeara to Mc~rtgagee that tbe fu~d xill be
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