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~ s. a~ ~ ~w ..~c~ ~.s ~c~a a t««i«. ed. ~s.~ ~..ti.u a .~~.a M .nt~? ..,r ~ a~~
wd~ feeeeiowe~e ~utt w tbe oourt ha jurisdktioo t?ereo~ ior ttie apoolatmeat oE a ~a ot aq ~ad do~ulat tM moc~d P~P~~V.
~ aU ~est~ iaoome~. Prufla, iu~ua ~ ee~eaua tbereof, f~vm wbaaos~a w~rot derired; ~ad ehereupoa Zt b 6creey espra~~r oo~eaanced
~sd ~~resd ~at tst oourt rhsll io~tbRIc? appoiut ~uc~ «at~s~ wi~b ~he uaul poKen and duda ef aod~rers ta lib eRSa; aad ssid ap~
poiatmeat ~ball be made by ~ oa,rt a a saeces of saia ri~Yt w ebt ~od witbout rsfee~eoa es tM adeqnq o~ lnadeqwe~r ot the ~
~due oE t!~ propaq bereb or eo tAs wl~eaq? e~ imolreoc7 ot oe aq~ atberparqr defeodaot ~o such wi~ TM
Mor~a~o~ basb ~pxi~~~ rt~A~ es objxt ts t~ ~ppoio~t of a cecd•a ~ ataaaid aod 6ereb~ apre.~q~ ooo.eea c~u wee
a~o
~ sral~ e a~ aa adatead eqWq ~od a~ a maae~ oE ab~oluts ri~t eo t6e Mo~tpsee aod tLu cIK sam~ ~oa~r be doae wieLont
T6at i! aq~ prooeediap ~euW M tmdtute~ apie~t t6t p~perq oo~ered b~ t6is mortpse upoo a~? ot6er Uea or el~im w?etler
wperioe or~uoioe ~o tM liea oE thL tbe D~fortp~s m11 at Ib opdoa imrsedtuetp upoa imtitution of web wtt or durin: t6t peud- :
a~ tbeceo d~clare t6i~ ~se and~ebtednew ~ecured ~ereb~ dw aod pynWt ~atlwk? aad W? at ie~ optioo prooeid ~ forxlo~s
tbis murtp~a •
7. Zb pa,~ all aod lu t6e oow, ~ar. era~ ~nd ezPeoKa of e~a7 ~isdudio,~ t6e aat ot an abtnct of dtk to said laod~
touad to be oon~eaieat os a~eort Is aoonecdoa wit6 W~ult fot tbs tonelauet of mor~.~ aad abo ioduditv. w6et6er t6e I~~
b obupc~d oop~ um~ o~ uoy ~soosbk atarse~'~ iea Iseurnd oe ~peoded u aiq deo~ 07 t6s Morctates Oceawe ot t6e hilure ebe
Mort~a~or ro perfoR4 oaspU? wit6 wd abtdt by aU or any o~ tbe oo~eaann. oondittoa sad ~dpnlsdoo~ oE aid proml~ory note, or tW~ ~
W0~ IA tbi ~O[lCIO~Yf! Of tI1L ~oo~t~s~e ~nd In collsodni tLe aisouot reeured beceb~ wIt? oe wlt6out IqsIN prooad[op, ~ad ts ~tm-
bunc t6e M fo~ t~eep paymmt made o~ ineuned for aqr snc~ pnrpoa wit6 interat traa dsts o~ t~ery ~eb P~naent at tbs nte e~
, ds6t pa aat t%) Per ammu; suc6 parments aod obli~atiom, wit? iataat thereoo n akcaaid, ~ball b~ seared bl tM liee beraof. •
R 11~ ~tbe b~dldin~ ae bui~ now ot l~ereafter ao sald land lmured s;atmt IoM oe damap bp ~c~ ernnded omrerate aod
ot6er Perih. iacl war rtst iasuraoce i a~dlablq in a wm aat las chan t6eir tu11 Iasun~We ~ralue at the cac ~nd apeme ot tLe Moea ~
p~z in a ooropaq~ or oompaoja appro~ed the t+loretaae~ tbe Po~f or polkia to Le Leld bI tbe snd weh polief or polieia of
iasuranee ~3all La~e dB~d t6eceeo a&sod~New York Mo~aaee Ctau~ makins dl IoN or loaa uod~~~or poltcia pi7able co -
t6e M~~ce ~s in interat msy aPP~ar. and b deG~K said pol;e~ or polida ~o the Morc~ee wbea b~uad t6 radpb ior t6e .
~ar
meac ot premiuu t6uefor; and ia t6e eveat an~ wm of moae~ beooma ps abk under sueh Po~7 ~ Po~a. ~~~s~iK ~al! a~e
tbe opdoa ~s recdn and app~ the ame aa aooount of tbe indebtedneM acured ~r or ts permit t6e Mo~t~a~r eo recd~e aod use it, o~ ao7
~ put t6cr~of. tor ottier purpaes, witbut t6ereb~ wdriaa oc i~spuriot ~~4~b. Uen or d under o~ b~ ~Irtne oE t6is moc~ate' aod
~M;rt~ee if tt deess neeasaqm~rp
I~~ce asd pq for wxh jnsur~ or as~ part tbeno~wtt?out laini w~i~in~ oe afEeetint ~ort~- ~
u
~to ~oraciae foe bracll of t6is ooveaao; oe aos Put t~e~ao~ or aqp ~i or opdon m~der t6i~ mortta~e. aad e~req? suci pa~- ;
meot ~hail beu iate~at fran due tbe~eof uotil p~id u tbe nte of daht pee tau ) amnm, and dl arc6 pq~smts wit~ iotereu at ~
aforaaid shall be ~eeured b t6e bea 6eroof. In tbe event anj laas ot d~wase L s~D~Or ~11 aotiE~ Mo~ of weD loM w
d~ ~k) ~n af~r e!e 1app~ t~aeOf; tlie hilure to ~e we6 notka sball oondtute a defau and t6e Moc~a- ~
gee sball ha~e tbe dg6b lerein p~?en f~ ~1 dehnib. -
1ir penaiq oosmit oe ~ntfer as wau and ~s maintain t6e impro??aseon u all dses is a ~tats of ~ood rep~ir ~od ooodidon; ~od I
~o do ot c~s be doos ~o ssid pcemi~s aotLint thu will aicer or eLan=e t~e a~t aad ebaraeter of aid o~ in aa~ wy? Impair er
waten ~~eeu~iq of ~aid mort~ia ln ene of tbe afwl, nKleet K ioabiltqr o! tbs ~o r aod maintais aid~prope~ty. t6e I
Moc~p~ee es7. a!es opeioo, make web ~epat~ or eaa~e tbe ~ame ~o be sade aod ad.aao~~i~ ~t be~alt w6ieti su~ ~6a11 be seenred
by tbe Gen 6ereof ~ad bar iaterat sc cbe rm ~ eis6c pa ceu (i96) per amma ~
10. To ddi~er tbe ~aet or ab~traea oE dde t6e prspaq oo Mo~tia~ee or ib dai~sated wbfch s6ai1 at
~ all tl~na„ duria~ t6e Uh of tLb mocesa~ remain in tLeapo
•~oa eE
tbe~ort~ascs asd In e?eac ef d~e tareelo~ure o~ t6i~ mortssse or ova
vaosfer of titlq all rl~y titk sod taarest of ~6e M~o~ ta aad to so~ ~ueti sbtc~t K abtraeb o! dck s6sU p~s b tk pnreha~er or
' 11. T~at ee wsirer o~+~q~ ao~eaant tia~ei~ or tu t5e oWtptkn ~etu~ed tiereb! ~dt at a~ tiss h~r~iter be LsW te bc • wdree d
~ aay e~ t6e otber ee~mr ie~of or eE ttie nae ~en~eed ?aeb7.
lt Trat ia ecder ~s aooSlente t6e matnrlt~ of d~e ladebccd~ bereb7 ~ewrod beeaa~e ef tM tsilwe ef etit ~ ~a pa~+ aor tu
ana~meat. ~aWUq. oblipcio~ K menm4rnoe npoa ~aid popaq~ as tiadn pro+rided. tt s6a11 ~ac be neaNSq ao~ requt~a tbe 1No~et+~s'~
~6a11 flnt pq tbe ~ame.
f3. T6u if tM s6ap f~i~, neslat or ref~w ~r a perbd oE tYeq' (s0) da7~ P+'~Pal~ a P~ tbs ~ouab ra
quired te be patd b~ t6e~~ ~eenred or tLe iatenat t6erd~ sped5ed or aa7 of t~e ws~ soeer Dade referred ts or rserb~~r M-
arre,d. or atbesRbe dob. ~b ~ P~pa~ b P~~ ~omph? wit~ aod a6ide b acb,~ e~er7 0~ s~ af ttie aoreaaea. oondidoa~
or stipnIstioos of tLb asoetsa~e, t6e promwor~ note 6ereby ~eeuc~ed a~d/or tbe oomtruetiae ~ s~my if aa7i t6ati aad tn dt6er o~ tn
aer ef wef e~mu, wit6out ooeke ar danaad. ths aid aggrepcs sms mmtiooed ;s »id pe~adrer~? aae, 1~ M~ W7~a. ~
anr aad ati wms meaelonea 6crda or ~enr~d 6erebr s~a1l beoome dne and pa~aWe toe~wi~ or ctia+eakee u tl~e ooo~innins o! c6e
Moreptee fullr ~nd cosplady e[f »id s~cpte aims wae ort~inalt~ uipnlau+d ts be pstd u soe6 timR, a~7tbins in sai~~ort
eote er 6e~da ~o t6e oooaaq notwjtbuandin` aod tbe Mortp~ce stiall be eabtled tbereupon or t6ereaEcer wit~ont wotloe or demaod rs ia-
atitnte suit at law or in t~ to mferoe tbe r~~y of t6e Mort~ag~e 6eeeonda or ~mder said proosiaory mt~ In tbe event ot ui~ def~nh
or brese6 an t6e put ofi~s 1~ ~aemder or mdec sald pcaais~oc~ nae. t~s Mo~tia~ee sLalt 6rn tbe eoodnuict~ optioo eo eafoe~oe
pa~meat of dl smm ~eenred ie~7 7 aaion at law o~ snit in ~o for~elo~e t6is ~ dt6er or botb. coaenrrmtly er ot6erwisy
and ooe aetioo ~ soit s6a11 not abste or be a bar ~o or ~i~er of t6e~ie~ee's ris6t w imtuuee ar mainaip the ot~er~ pro~ided aid Moro-
ta~ce sLall bane ad~ eoe p~meat aad sa~afaeejon of aid indebtcdna~. _
. . 14. 1~at in tLe e~eot tLt ~~all (1) oooseet ~o die appoiat~eat ~f a reod~v. tnstee K liqddaoor ot dl or a a~aneial
ef Mort~s~ a~ett. or (Z) bt adJ ie~d s 6aatenpt or ta~olnaR. or Sk a tdmtsr~ tedeim in baoluspee~ or ad~dt in writi~ ia
~~7 ~ WJ its debb a~ tief beoase dnR or msk,e a~merral awip~meat fas ttie bme~t aE aedi~oh. ot ~Ie a paition or answes
-~ek;os raorpnis,tioa a~ srr~egemeat wie~ «edi~orr? er ~o ate ad.aoa~e of a.~ iwoheae~ law. oe (s) Rk an ~erwa ad~edos tLe ma-
arial dle=aeiow ot • petition 8kd atatmt t6e ~Soetis~x ~n an7 bsntroPaf. reo~paisation K ~~o1~?ene~? procadin` ~o~ aetloa sLatl be
akea by t6e Moetsa~or toe tbe purpo~e o~ di~dns +a7 of tLe tore~oin` or (7) an7 order~ indsmeat or daree s6a 1 be eoceced npon aa
applicatioo of a ued~tor e~ ~~or br a ooare ot oompaax jnabdtaioa appro~ a pedtioa sakins appoiaaeea a~ a reod~a or t~mtee
o~ al! or s tubstaatial part ~f~ t~~e Martp~s wets aad suc6 order. j~ or deccee s6a11 aoahoue um~a and in eff~ct for w~ period ot
nd
tbir4 (30) ooo~eeuti~e da~ tLe Mort~a~ee may declare tre noa"bereb seeured ~Ct6wItD due aod pa7ab~wl~ere.poo tbepn ndpal of ~nd
~ tbe intenst aoec~ed oa t6e note and afl otl~ woo~ 6ereb~ secured s6a~beoase l~t6witb dne aod payaWe a~ if dl o~ ehe aid w~as of aio~e~
t were oripnal stipolaud a be paid m aie~ dar; ~od ttiereopos the Mortpiee wittioot notfa oc demaad mr pco~e~wte a wit at law and/or
in equitp as i~ all mooia see~eed 6ereep 6ad matmed prior ~o tb la~titueao.
IS. Tbat tLe Moctp~ee or ae~ penoa aut~odsed b7 t~e L1oetP~ee stiaU 6a~e t6e ri~t Is euer npoa aud i~peet the moetpad
peemi~es at a!1 reaooabk dmea
` 1~. 11at sor wm ot sums s~6ic~ map be lo~ned or ad~aeoed M~~ a t6e Nostsa~or u ~ey dme wit6io tea (10) 7can
~ trnm cLe dm oE t6is indeatur~ oo~ ..Ie6 intera~c thereoa ac ebe nte ~eed oPoo at ebe tlme of wch iaa or ad..na. ~6a11 be eqwly ~e-
~ eured witU and bm tbe aan~e priocte~ as ttie oeids~l Iodeb~edn~ aed be a~bj~ a all t6e arm~ aadp~ of t~ vortps~: P~v~Ide~.
4 t6at tbe s~epte ariouot o~ P~~P~ ~oi at au~ tLae sdaU aot esoeed as asooat equal eo oue 6ond~ed and fift~ per oeat (15096) of
tbe prindpal amowt eri~inaty aeeosed heieb~.
17. lbsy tf re4dred M 1~. t~e sdd Mertsa~x wtq pp m~s e~e ~io~tp~ee, e~ t~e flnt dar ~ ac6 aod ereq? ooo~eeud~e
. ~ ~ aonaal amamt oaowsr7 ~ P=7 dl ts~s aed ~ .s~ ~ •~a ~ r~•«. ~
monc6ly saia eo aeioued .oky b~ Mo~e and a~{wlated eo be aa amomt mt IeM ebas ttie amoase oE wca a~ed .sdmt ~aid soro-
6~n ~jme~at of~ a~sd• a~~mee~~ bl M~tp~e to pq dl jnsorana pamiaa~ ta maeea ~nd f~ ar pro~ided
r ~tp~ ud~
~ i!. T6sc L ebe e.e~t tLe I.a. w~idi d3s b~ a~ i. nade !e~ ~i. ef fisud~s dt~er d~e oeo~eoet~.
~ ~~ew buildiap er ttie me~troetioe eE lmpwe tieats. aod/K additMo~ w~ batldtopr trt . if neqd b7 tbs Mod~e~.
; ~P~7 ~s~ ee depait wh~ tbe Moet~ee ar is s~eat aa aesaot ~ef equ~l t~ t5e betwem ttit aet pe~oe~eed~
af the b.a ssd tbe eohl mona~ r de~eimioed b t~e~~*'~ red w~ib aosr{ees tdd ~oaKroaio~ ia aooocdaoee ..[th ~6e plae~
~ . aad sped~ Lere~efoee wbmiaaf h~~~P~ 67 t~s 1r1ocW~ee. E~id aiawet et mooef ~6a11 be plao~d ~ d~e
~ Moetp~a in a"Lo~ns ia P~ooas Aooou~t" ia t6e wave ef t6e . aed t~s ase s6aU be med b~ ~e boccpsee tu pap ttie oo~
t ~ e6ar~a and apea~a inearnd ID coeoeetLa wltL sdd om~troetfwf peiK r di~brntef ~E t~b loss. It b tnreLa a~r'eed t6at is tLe eneat
, said ooa~eraetioa i~ ~oe fuly omPkt~d oa or beiora ebt dm ~nted V t~e Ooa~r~tie~ Lou ~ oe ta tb~ enat tLu t5e wat oa
~ aid aowa~aie~ ~hall ~wwe befon a~~aaoaple8es aed ~a3 oesaBos ~ap a~tiwe ~x a period tes (10) w If sn~bndal ooaeinueu~
2 ~~ss sSaU ~et bs re~de L wdi oaioe. tbee s~d in ~r wd~ ereet t6e Mid s~ts sm. Pd~eIPa1~ ioterat. mmtiooed t~ saZd
Prosiwqr oo~ aei aq ~eia ~esrred I~errM sh~U beoaat dne aod MabM ~witti er ~ at tre eptio~ ~E said 1~aee; ~nd is
ebe e?eat oE sedi owafio~ af w~rk a~ea a31 o~a~eroedos br •~erlod ef t~s (i~) da~ or t~ s~taadsl ooaRiaoeus pe~o~ew sAall oot be
made is ws~ ooreruaios. a~ aferaa~d. t~s ~ee mt~ at Ib opeio~ eater ineo ~ad npon the tp~d Pnad~a sod eamplete s~id eaa-
~ swedae ia wei ~ao~r a~ it deea~ a~sbk~~ witio~t ~ tocerieseoc~e f~os ttie a1~~x: tie add K~tP~x ~se67 d~i i~~i
w tbt ldatp~ee fnll pnwer na a~i4 » aake ~ eaR~ ists aaa opoa said seetsa~ed a enta Iaes sneb oootrae~ at se~
n
~ nn~ s map bs osewar~ to aeop{~e ~ai~ a~steeetioar ~ad eo aaf aodes ia dd "Lo~as to ProeeM Aaoouet' snd
t~ sdditio~ ur ws~ eE mooey s~oanr~ a oouptea Wid eomeroetio~: ~od a% aaa all aada espeoded b~ t~e LlOrcp~ee in ooneee8o~
~ wit~ wd~ eaeplaioe ot ~omeroetka ie ssces o~ tLe ~aeai~r is said "Laao~ Prooe~ AeoouaC' ~6a11 bs added M t4 aid prioelpal debt ~nd
~ ~~q~~ istNac ac tbe rue pro~idee i~ ..w penmiNOr~ .ote. aoa .6ap be .aured M cm. moee~ R.bat~ 6e va7ab~ h~~P~
~ ~~K ~fj 5
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