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~ i~ ~~~t ~ ~ wit W,~ Ia~dtuew! M t~t+tiMS t~ oweppr trt ~/~et t ~4p M rtitNd » appyr at aWr tims duria
weti taee{owu~ wit a tM oouety~ lnri~diede~ t?eeeo! tor t6e .ppdau~eae ~f a ~~f all aod~~ che mort~~ed ProP~rc,~. an~
eE all e~eoe~ te~ooiou~ l~vy __LwN t~d e~esua tbe~+st? tros whapoe~er wutot Aarlnd; ~si eLeten~oa 7t I~ bereby esPra~b ooreaanted
tad said a
wd a~ned tbu the oonrt ~1 foet6witti ~PP~ wd nai~~r wit~ tM wud powas aed audM ~E nod~en i~ Uks wa; p-
pdaa~aene ~6a11 bs ~aad~ b~? cM ooun as« ~ o
~~Mt~a~ ~ a.d wtteo.R ~ a M~ oo s~uc6
s~ ~f'1'he
~Mo~W~ ~
~Ped~a,~ ~t » ~h~ N ~M alP~ ~ ~ ra ~ ~ ~~y ~p~' ooaseaa that ~ucb
ap~~oan a~ ~s advitced p~dq? aad a~ a oacoe~ ot abaluu +i~ht a d~t ~tp~ee aod t6at ehe ume rna7 be doae ~delaw
~ w~~ ~ j~~~j t~e p~opsrqr oo~rerd b~ trb oortpp upoo aq~ otbtr Ueo or elaim wLether
wpedo~ o~ juoior w tbe lia o~ tii~o~ t?e Ddortpset m~P at ib opdoa Immedia~ ~Pon Iwdtutio~ a' a~eb ~uit or durias t6e pead-
e4q thecioE deolue tbb mo~t~ap and tbe tadebtedoe~ ~eeured 6sceb~? due aod py~abk iatrw~t? ~nd aq? at ib option proeeed eo foreclaae
t6is mo~tpte.
7b pyr aU aod dntulu tM co~a~ tee~ etia~a ~ud ~Pea~es o! ereq ~iiadodie~ t~s cat ot aa abtaet of citk to sa;d laad~
tound cs be ooandeat oe ~pedieot in oooa~ctloa wit? aa~ wit for tN tondana of ~~ad aLo ioeludin` w~etba c4e Monpges
b obliptsd ~spy? ame or aee, reaooabk atw~~ fea iocnn~ed oe acModed at W d~s by t4 ldattqee bee~we of t6e lailure of tb~
D~o~a~ eo~~orm, ooespa witl~ a'd abidt bp aU or as; o~ ehe ao~msoti. ooodidoas and ~dpuls~o~ o~ taid ~romiNOp aotti or t~
mo~t~+~ Ia foraclosurt oE t~s~t~ aad in oollecrms ttie aoouoe recur~d reesb~ wit? oe witroaR kpl p~oacdinE*. aad to reim-
bnne tbe tot e~e~ p~ sad~ or Iaeur~ed for W sod~ ePae wU1 iaterat fras da~e of r~er~ ineb p~ymeot at t6e nte of
d~ht Pa a~~ !es amum: wcr P~Jo~s aod oblf~s~oo~ ~t~ as akca~d. ~all b~ ~eeuc~ b~? tbe Uea 6e~eoi.
Z5 tM bniWiot Kb~Wtep mw or ~erafta on ssid laad iaurea loM er dama~ b7? Rrq emnded oo•e~ag~e and
other perilti iocl~u
Io~ war rnk iawramen if a~ailabl~ in a wm Qot lea tban tbdr tu~I~unraWe ~alne u e?e cost and e:peau of tbe Mon-
p~or tn s aaapaq~r oe oompania approared b tbe Mo~t~a~ee~ tbe polk7 oe Polida ~ b~ ~dd b~r tl~e ~or~ ~ud ~~c6 polic~r or policia of
tawraoee ~hap ha~e affiud the~a a~ New Yotk Moet~sRee Ctawe. mskln~ sll low or loaa usdu ~ Foliey or polieia payable to
t6e Mo~ssee a Ib tataat ma~ appeu. aod b delj~er said policp or polida to d~e wbea i~and wu6 che raapa for the par-
meot o~ tbe pranius therefor; aod ln.t?e eteat as~ sum of 6ecoma pa uod~potit~ oe politia~ d~e Mongagee sball have ~
n
t6e optiaa es raod~?e aod ippb? ebe savs os sooouot af tre u~U~ sa~ura! 7 or ~o penatt tLt 1Rortp~o~ ~o receive aad use i~ or any T
~ part t4ec~of. !or atLet purpaa. wltrout t6erebr wai~nt ~~pa~~i ~W ~V• gen oc ri mder or br ~rtue of this mortqage; sad
the Mortpsae if h dceao~ aeoatar7ma~ pI~soe aad pa,y~ ~ aue6 i yat aay paet witbout lalu~. wai~ia~ o~ affectiag `lort-
ptee'~opoos ~s foralae to~ braeti of t~f ao~eeaey oc W Wrt~ ~ W~!~ ~ nndtr tEi~ mocegaje. and eveq sucb pa~-
ment s6sU bear taterat fiom date tbereof nodl paid u t~e rate of ei~t pa oeat (t7r) amuQ. and all we6 PsY~a wic6 inanst as
e
aioraaid shdl be ~eared b s6e liea bereof. L tDe e~eet sa~ loa oc d:ma~e L wEf~l~ati~D~ ~~4 ~~sztK ~ snc6 bss or
~ 6a~i?e tbe~?
~erdn~ si~i~ for aq defauib. -~a~auf; t6e failute ~o si~re sne~ aotia s~ail aookitote t def:uh and t6e Mortga-
~4
To permiy oommit or a~ffa as wnte aod to ma~tain tLt i~apro~emeau at sli tioa In a~att of {aod rePair aod oondition: aad t
~s de or m be dooe ~.ata ~~a no~etns ~ac ..ju a~ er etisc~e ~e o.. eearaaa at s.td aov~e~? or ~n any ...r impair oe j
watm ~i~wui4 oE ~d moitp~e. Iu ta~e o~ t?e rcfwd, oqket or inabi6q eE t6e ts repsir and maintain said proP~r. i
e
Moc~ee ~aay. at in optioo. make we6 repai» er awt tre ~sme ~s be made aod ad~aaa Ls t6u bebalf wbieh wm~ sball be seeured
, er tbe liea bereof asd ?ar ia~ec~eu u tbe sm eE d~it Pu omt (!!G) per amwo. {
10. To ddi~er tbe abtratt oc a~aea o~ dde cn~erioj tbe aw a~ed peoperq? to M~o~t~a~ee o~ ta daisaattd atmy «hicb shalt at i
di tiena~. durins t~e uh ot t6i~ mott~a~e, remais ia ttie poua~ioo aE tbt ~t~asee and i~ e~tat o~ t~e foc~elaure o~ tbis mortea~e or otber •
trao~fer of dtle, aq ris6y dtk wd istere~t oE tbe Mo~t~a~os in aod to an~ wd~ ab~taet or ab~traeq o~ atle ~6aU pa+~ to the purcbaser or
11. That oo wai~et ofaq oa~eotaR tia~dn er in tre obli~atLa secnr~d bereb~ ~all at ap tjse ~ereafta be tieW to be a wd~er o! .
aqp ~E t6e et6er tena~ Detbo~ or a~ ttie note ~eeoced ~7•
Teae tn orda a.oakrue de suo~q? et d~e iode~eeoa. rere~~ .ewred reeso~e of e~s httare of ~s bso~a~ ~ wr u+r ~sx •
p~mmt~ Iia6tUq. eblitaejoa oe menmbraeoe npoa ~aW peopert,~ a~ 6adn potided~ it ~6a11 vat be ieonarf eoe' n4ujate c6st tLe Mortga~ce
.~.n f ae pa~ t6c w.c.
1!. 'Ibu if tLe Dserti~~er sLal~ fdl. Mtlect or tefwt fo~ s perfod of ttiitq (10) aa7s i~ ~ P~'o~Pa7 ~ P~Y t6e amounts re-
q~de+ed a bc patd b~ d~e oo~e 6aebr .xured er ~e iacaac c6ercis •pedfi~d or w of ere ao. oE sooe~ 6a~dn rcfecred co or bcreby sc-
eneed. er otherwbe dutp. fnlb? aod Pram r a tututt, eoo~y wtt6 aod abids e~. s~a7? ot sny of e6e eorenant~ aonditioas
or rtipnladoos oE t6is ~ t~s ~e~nm~o~7 ~~7 ~urcd a~Ior t~e ooatcuaios~ aaeeoen~ tf an7. t6en. aal in dtLer or tn
an~ of we6 erena~ wlt6oat eotioe a~ emaod. t6e saida~ s~ ~eatioacd in said p~o~iNOq aot~, !w P~kw W7~~ if ~7. ~ .
any and all ~uor ~aemioned 6erds ~~eeorid 6ereb~ ~6a11 beoome dne aod psrsWe io~trwitk K d~aaka u tre eoatinuia~ opaoo of tbe
p~ dd
Moztp~ee as fdl~ aod aompk~d~ d it ~aid a~e~ue ~~ere oti~ioally ai ated. to be ~dd ~ a~ 8me. ~a7trlns in »~d pnmiaoq'
oae o~ huein to t6e cmmq? and tbe Mort~ee ~iall be esdtled t~aeupan or ttierea~ter wit6aa notiee or demand to ia-
stinm adt at law o~ L q es enforee ttie of t6e Mo~agee kenaadK or ~mder svd Prao"~' ~ot~ In ~ n~^t of ~a~ default
• o~ brac6 m tbe put of~idN~~ ot undet atd Peomis~orr oote. tbe Mo~tp~ee s~all 6a~e t6e ooatinuint optioo to enforce •
pa~meat of all wms seaircd beceb~ aa~ioo at law or b~r sdt In eq~q a foroelae tW~ s~r~, detier oe both, cooeucrauly or oeberwise. ;
and one action or sujt s6a11 not ab~te or be s b~r ~o or ws~~a o[ tbs ![wtpgeds ~Mt m iaaitute or maiutain tbe a6er, pro~ided said Mort-
~asee sfiall bave ael~ oae pqmeot and ~isfapion of said i~daa~.
14. 1~at is tbe trent t6at 1~Le~rt~
U(i) aomeet es tbe appoimmeat of s reed~et, dv~e et liqoidator of all or a absantisl
part a~ Mo~pp's ara~ or (2) be ad a baotrnpt or to~ol~. K 8k s*slu~a~ ~edeioa ia bankrupay ar admit in writin~ ib
in~biliq to pay ib debb as the~ beoose n~ o~ make ~~n~eral a~a~ tas ttie b~t o~ acdlta*. oe ~ile a peticioa or wswa
' seekin~ rao~pnisatioa o~ arr+ns'emmt whM eeedt~on. or ~o uke ~d~aotase of sn7 iowhe~7 law. or (S) 8k an aaswer admieciag the ma-
i tertsl altt~adoos a~ a peeitlon filed spimt tbe Moctp~ot in anr bankruPa7. ~P~ ~~~9 Peooecdin8. or (6) aetioa sAall be
aken br tbe MortpDo: ior t~e w*P~ ~~s ~l? or aoy orda. j~d~meot or d«ne shall be sntered upon an
applieatioo of a eredi~ or l~iortia~or b7 a oonrt of oompeant jurjsdietion appro~L~ a P~~ ~~i =PPa~ent of s raei~er or trwtce
of dl or a:u6wotial piut of t6e Mo~s aMets and we6 o~der. lod~nnu or deaee sball oootinne oma aod in effat for aar period of
` tLirt7 (10) oomeeod~e da~ t6e Mo~tpsee ma~ dedue tbe no~e be~ebf secared fat~witL ant ~od pa7zb~wbereupon tLe principal of and
s ~e ~ aoer~ oo tbt note and ap utber saw 6ae~~ ~eeured sbdl b~oome fat6witr doe ud Pa~abk as iE all of t6e said swns of money
~ were oripnal~lr stipWated !o be paid ao wcb aq; aod t~etenpoo t6e Mo~a~ee withont notioe ot daaaod may praecote a suit at lan md/or
tn eqn~tp a~ If slt soda ~eeuced heeeb7 bsd mnuad prix ~o i~ imdtwioo.
~ 1S. 1~t tbe 1SorttK~ ~~7 h~~ shall ~are t1e ei~t w mar upos and imp~et t6e mortB~C~
premiw u all rea~oo~bk timei
~ lf. ltiat aor wm or ww wLieti aw~ be Iwaed or ~d~a~osd br ttie ~aRe M ere ~«w~ u.ny s~me ..~c~n cd, (io) yar,
from t6e daoe of t~is iadmtnrS ~o~er witL intae~t tLeceoo at t6e rate asr~ed opos u tre eime ot ~ bu or ad~aoe~ sbap be equaly ~e-
f eurcd wic6 and 6a~e c6e ums prioctq a~ etie ari~faal Indebtedsa~ aod be wb~t to sq d~e terno~ and pro~iaa of c6is morcpBe: Pro.ided.
r tbac c6e a~nepce amouot o~ PrIndW1 o~nsdin~ at ao~ timc ~6a11 aa c~eeed ae amoant eqoal a aae Moodred aod Sftr per oeac (is096) of
i tbe p~ineipd amount ortpnall~ saosed ~ereby.
` 17. T6ay ~ required 67 ~ tLe ssid Mo~or wIU par oelo t5t l~eer ee ttie 9nt d~7 0~ eacb and t~erp oonsecudve
m~on~
~
s~
oo~ao~'mat~ed
soky M Mo~t~a~ee aad ealeal~tn bae a~~
ao~ler~~
of
~
asess~ ~
sa, m~ortd-
~ P~ P~ Prnioro ~ear. and !f furt~ reqoired bp ~ce t~ pa~ ~Il i~wcaooe premi~ in manoer aad form as pro~ided
c ~ beraa foe t6e pa7meat of taua aod asermeab.
f lf. Tbu ia tbe e~est tbs loso wLiei t~a~e~t~p~e 4 d~ to ~eeore L~tde i~ t!e r~s ~E 9o~adai dttier t6s ooa~roedoo
o~f new bWidiap or tbe ooa~trnajo~ ~E Lopev~emaksks ~sd/or sdditioos b e~tia~ baildtap. eM! lYf~ep~oe. i~ e~e9utred by tbe Mortpsee.
~ esprwsly ssrees to depoiit witr tbe Mat~x or ib deri~,aated a~snt as amo~mt o~ ~oeey equd ~s tb~ lfeemee betwces tbe aet peoeceds
g of the ban aod t6e total smouw. as determined b~ tbs l~iee.rcq~ «d ~o lnll~ eomplcte taid ~ea~oe8on ie ~ooord~nee with tLe ptam
~ aod spe6fieatioo~ 6ereon~ore sob~aiaed bf ebs Mortp~or snd a~pp
e~ed b~ tbe Meetp~ee. Said aoomt oE o~onef s6a11 6e plseed br the
€ btort~a in s"Lwa~ ja Proau Aooo~' ia tbe aswe a~ e6e lsortP~or. aad t6e ame ~LaU be wed bt t~e Mortaa~ce to Wr the aosv.
~ ebarta ~od rspea~a ineorred jn eonneeBon wit6 tatd ooa~ttoetiNpr~or ee di~bnnioi oE tW loao. It b furtLer ag~ced t6at in tbe e~eat
~ ssid oooanntioa b aot fuU~ oomplaed on er bdore tLe d~te stated Ia t~e Coostnutioa Iwn or ia tbe eveot ~Lat the work o0
- ~aid ooa~tr~tioe ~6ap oea~e betoe~e fWl oom~kBoo and sae4 oesstion s6a11 aoainne tor a perbd~~
(l0) da or if ~nbstandal oootin~wus
F pro~reu ~6a11 eot be msde ia we5 oome*oetwo. tha~ aod in aar aneb ere~ t6e iaid a~te sae. PdociPd ~ jnteresy menciaoed in said
P~~7 aud all mooia secorcd bee+eb~. ~haU beoome doe a n
d pysbk ~
o r t
h
w
i
t
ti or d N~ a k e
r~
u t
h e o
p e i o n o
f ~ai d M
o*tgaBK: a n d in
~ tbe e~eat ot wc6 oes~stioo o~ work npon aid aoaraoe6on ~os a peeiod oE tm (10) dar, at if al eoaoinumw pro~res ~6:11 not be
€ made ia weL aou~tn~cdon. as afoe+aai4 tbe No~tp~ee mq? ~t ib optlon e~eer into aod apm t6e praai~es and oumplete uid oon•
, ~aedoo in wxh maoner a~ h deans ad~isabk wttboot aa~ i~terfeceaee fn~ tre No~ep~: t6e add~~ bereb7 d~s a4d ~ant~D6
~o tbe MoceiiiK P~K and ant6otit~ eo m;ts suc~ eatr~ iseo aad opon ~id mo~eRednp~ pra~a. eo enta iato aKh oontncts oe ar-
ran~emenb d ms~ 6e aeoarar7 to oaople~e ~aid aonsen~tio4 a~d b e~eod uq monia oios In aid "Loam in Pe~oe~~a Atonnnt" aad
ln additton ae7 smns o~ mooe! neonssr7 to aomplete aid oomtrueeion; aod as~ ~ed dl mooia ~peaded b~ tbe Mort~aaee in coaaectioo
with sneb eanptaion of aomtroetioo ia e~oeM of tbe mooia is ssid 'Loass ia Preeer Aaoooa~' ~Yall be added en ese uid priocipal debt and
s6a11 dnw i~erat u t6e nte pro~dcd In said penmis~ notq aad ~haU be secnocd b~ t6b ~oct~ aod s6a11 be payabte bp c6e Moct~aaor
: oa demaoQ. • B~~Z • • ~ l ~
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