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~ 1~t 1v tD~ t~~ac ~E ~ wit beiu~ imeituad os fo~eeloN eiM ooe~aa t?~ in~t~ee th~ll ~ a~eltl~d M apy u aq~r tlme duclnx .
weti ~oreelown ~uit ee d~ aonet ~a~u jurt~dletioa ~eceo~ tor tM s~poiot~eat d a a~~er ef at! aad da~utac ess sort~~ed proPaq?. aod
d vl r~ ~e~. P~tr~ ~1~aa sod rw~ua R6a~ot~a ~ra dalnd t asd tl~poo ~t i~ ~~U eo~easnced ;
~ad ssceed tiwt cLe eourt ~aU ~arthwiJ appdat sucb ~eod~a wit~ t6e' wual por.as ~d dutia of cecd~as ia Uk~ wa: aod uid a
eod ,
potneenest ~LaU b~ made by cb~ ~oun a oi bo ~ia~o
~eeq? o~ ~°d witbont ~ a th~ ~eq~ ~eq
~ ot~ i
ralus ot tM pcopaq? ~a~r
~dort~a,~oe rereb sped~~r w~ra e~t ts ob~eet t~ tM appointment of a ~a a atoreaid. ~sd Laeby acprad~ ooaeab that sueD ~
appoiotmeot ~Lai~ be made M sa admtasd aquiV ~ud a~ a~ oE ab~oluoe ~kt b tLe Dsaetp~t a,od taat tht ~+W be doee nitbout
ooela to tbe Mo~a~or.
Tbat !t aq~? p~oceed[np ~~ould b~ t~tituoed ~aJa~t tbe piopetV oonr~ b7 tms ~F ~poa etbe~ ~i~a oe ctsis w~ed~u ~
~uperior er juuio~ a tb~ Usn of thi~ the Moct~ee as~ u ta optia~a i~eediats~? upon imttcutio~~~ adt or duriat tM pend-
enc~r t6cceof deelars eLis moct~ aed
t~dnas ~ecueed be='~7 due and pqabl~ to~tiiwitl aod aw st fb optiou pneeed es ~oebelae
e6L a+o~e. . ' . - ~
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7. 'ib pay sp aad lar t6e oorn~ fea. e6sr~ aod acPeon+ a~ e.~ ~Vd~dtnt tM cat of an abKract ot titk eo ~aid land.
tound to be ooonnieat or ~ea in oooneetios wtth sa~ suie #or tM foceelo~nn ot aad ala todudia~ w6~he~ ese b'loe~~+~sa
b oblisatod to wae oe aot. ra~onabk atto~npr"a fees incucced oe espmded at aa~ ~ Mo+tsa~ee beau~ oE d~e tsU~ue of tbe ,
Mo~a~ to oompl~ ..Ieh aod abtd~ b7 ~u or aq2? of tlie oonmaob~ oonditioo~ ~ud Kipuladoo~ ~f aid promiwory? note. oe eLb
iso~s~e. ia e foceclan~e oE tliis aoct~atr sad tn ooileetin~ the amou~ seeured 6ereb7 NitLo~ wltbo~t 1eZsl~~~ap„ and m eeim"
bn tl~e b[~ for evee~ pyment made or iacurced toe aq~ swb p~rPoa wtti [ateraR feom date of evup p~t ~t tM nte o~
~ Pa ~ s) P~* aanum; sues pqmeaa asd obllsatiao~, witti iotecs~t tbe~eoo a~ afoeadd. ~6aU b~ saured bp tM Uen 6eeee~
L Zb eep tbt bnlldius ~ b~didiop now a~ bereslter oa atd taod iwiued s~
mt 1ow or das~e b7 ~ estended cu~+era~e aad .
i ot6er pe:ilt, Inetludios war risk ia~uraoce if anilab in a snm oot las thaa~e6dr tai! imorabk ralue ~t ttie ~at ~od acpense of t6e ~dort- ~ ;
~a~e~ in s oanpa~ o~ ooapaaia appro~ed b tbe ~~oresa~ ebe policp or polida to bt 6dd b~r eM ~~aad ax6 polic~r or poliaa o~ -
, Ensuraae ~ball ba~e affized thento a Scaod~Nrw Yorlc Mo Clans~ mvduus all IoM oe ~o~a ueder potiey or poGda paribk ~o
tLe b[orKarn a ia inceKU map =PP~r aod ~o deUrer saidrtp~ol~iq os poltda co tbe Mo~s~ce wLen taned ~~t6 the ~adpes to~ che M7'~
meoe of c6e p~emius therefo~; u~d in tbe r~eat aqr sus o! bccoana abh uader ~ueh poltq ar polida, t6e Mo~a~ce ~bail ba~e
the opdon b eaeive aad appb t6e ssme an aooo~mt o~ tbe ind~na~ ~ccured~ or to perait t6e Mort~aso~e a ned~e and we i~ oraa~r
put thereof. for otber parposa, witbat tLa~eby watnic,~ o~ im W eqaibr. lim or d~bt undee or b~ ~Irtae oE t1~ ind v
~ Lae
the Mortta~ee if it deem~ namar~ m pl~aoe and pq tor a~eY ~ a~ ae7 part tha~eof~ i~itbo~t lata~ wai~ or afp~~or~
eo ioreclae for breaeD ~ t6b om?waat. or W Put ~ o~ W ri~ or opt~ onda tMs owrt~ aad e~eq? w~b Pa7~
~ m~iha~beu interat han date t6ereof mnii paid at t6e nte o~ d~ht Per oaK (=~~fi) per amaa~, ~od sU ~ p~eab with interat a~
afocaaid sbatl be s~earcd b tLe lim haeof. In the e~ent any laa oe diumase b~ffaed Mo~a~oe ~a11 naif7 Moct~ee ot axb ioa oe
. damage wit6in foc~-d~t boue~ aiter tbe 6aypeaias thaeof; tDe failure to ~?e web notke tiall oomdtnte a defa aod the Mort~e'
~ee s1a11 bare ttie slsLb beeein si~an tor a11 dcfanUs. , _
To ppra~tt, oo~sadt oe wffet as w~te aad es maiatain tM ~ep~eab at afl tL~a i~ a wte ef ~ood eepdr aad coodItioe: and
a ds or ts be done to said praeiia aotLius c6at will eLan~e etie we wd eLrae~er ~E aid a~ In aa~ w~lr impatr as
weateo ~seeudt~ of ~aid In we o~ t6t eef~ssl. oKteot or iaabtlib e~ tl~e to ~ asd m~intata satd~ propeeq. tDe
Moee~a~ee oa~. at ia optioo„~soe6 rep~ia o~ awe tLe same eo be m~de and sd~anoe~a la twt beBalE w6ieh smas s6af1 be ~eeurcd
' • b~ the 1Lm tia~o~ aod beu inarest u tbe rate eE d~ht Per a~ (i%) per amom. ~ -
la Tb dat.er tDe a6.ar.a or .b~s.oa o~ eiel. c~ert e5e mort pro~perv m~ee or it. ddss.eea .sea~ w.~..w~-at
ali ei~na„ dnrtn~ tLe Iife of tLis mort~a~ remain In eLe poNa~oa ot the ~ort~ee aod is s~eat ot tL~ foredosure o~ t~s pa
ortp~e e' oc6er
. uamfer of eitl~ at! ri=M. dek and iMerat ot t6e Mo~t~r io aad to a~ a~ ab~eraet o~ ab~eraea ot tide ~haq pe~ te tbe pnc~r oc
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! L T1st ao wd~ eEs~? esnaast 1ie~do oe in tLe obliption seeared lenL! ~sil ~t W ti~e bereaf~a bs 6dd to be a Kaher d ' i
aay of t6e atber te~ tiereof or aE t6e m~te ~eeneed Aady?.
1t. ?hat ta orda /s ioodaate tbe matnrib oE th~ ind~ Lenbp ~e~ared bxa+~t oE tf~ tdlore ef eM oo M7
~mmt; Iiabiliq~ ebli~atios er ~ranee dpoa~saW p~ope~? a~ leeedn pea~rWa~ h~hall aot be weea~sr7 ser req~its tbs Moresasee
.u~u sne ~
" ls. Tbu if ebe Mo~r ~d1 td4 sestaa e~ etifas toe : peeiea t~ tf0) d~u?~~r ~od pnspeb? es ~r tb. aoa~mb es-
bu
q~dred to be pstd b~ dee aaa i~aeb~ ~eeuried er,the iaeerae tLa~eI~ spedfied et aq~ of tle wss aE aone~ leeeis eeterred ~s or 6eeeb~? ~
enred. or othe:wbe dat7. falb an~ ~ b Perfoe~ ao~t~ ooes~y witL and abjd~~r ae~ e~e~ oe as7 eE tLr oo~aoa. oonwtiaos
or s~pnluioos ef tLL moet~aae. ths n aote 6ae~? ~aur~d aoaler tbs oomtenetioa ~ws aprameoy ~f an7. tbe4 aad in dd~er er in
an~ of snc6 srent~ witt~oot iada oe aaand. che ~aid am~ meatioaed is said promi~soq aot~ le~ pre~iow P~7~ if aq~, aod
aay aod aft smna mmtiooed bereia or secund 6aeb7 all beoome doe snd pa7sble fo~wh6 er t6aaka at tbe coadn~ ~ o! tbe
Mort~stee as fnIy and ooi4pktd7 as if said s~ate suao~ ~ere aeisinaUp ttiy~ eo be paW u so~ de~ an7~E t~7
oote or Lee~an ~ t6e ooatraq ~ aod the ~rfortSa~e~ ~hali be e+otf t6ee~enpo~ oc eberafter witbouR notke ee demaad to ia-
stit~ue suit u las~ or Ineqw ~o eaforoe t6e o~ t6e Mortsagct bereander o' ~mder saW peo~i~ note. In t~e e~a~t e! au,~ defanh
or be~aah oo tDe put o~ tbe~or es or ucder aid promis~or~ aotR tbe Moet~a~ee sba11 ban tM oootioiai~ optien to enforee ,
Pa~aent of all sums ~ecnred hereb7 M aet~os ~ Lw or b~ suit in eq~~s~'
~ to i~oe teaiotda t5e
otber. ~~~d
aid~Ma~
and ooe aetion pr wdt sbaU not abate or be a bar eo o: wataer of t6e D~ort~ Pm?j
~ psee sbsll 6are od~ ooe pqmmt aal atbfaetion of sdd iodebtcdas.
24. That is tLe etent th~t Mort~a~r s6~a11 (1) oomeac m tbe appoiobwat ~f a reoei~er. tea~bee er liq~tdaeoe o~ all or s subatantial
p~t o~ Mortpgw+s uebr er (Z) bc ad udiea~ed a bankropt or imet~nt, ~ Sk s ~ollmur~ pe~tion ie bsntrnpoc~ or admtt in wrida~ ia
~ tnsbiuq tu par ia debcs as tLe7 beoome ~a~ cr (3) make a teaeral a~tp~mmR tor t6e bmeSC of eredime~ or (4) ~le a pedcion or amwa
seddns reor~eotsatiao or arran~t with uedi~onr or to take ad~ge of ae~ imolrestf law. er (S) Sk an auswer admituoi tbe ma-
teriat alle~atiom of s pedtion 8{ed a~aient tLe Mo~ in an~ baaiQnpcc~. reorPoisaden as iiaohme~ or (6) aectm ~ati be
akm by the M~taegor fos the purpose of eEfeains +m7 of tLe fore~in$ or (7) aay ord~. jud~mt ocp~ll be mtercd upoa aa
applicatioo of a aeditor oe Mort~agor b~ a caut of oompecent juradiaion ap~ias a Pe~tioa ~edC+ni aPPoatmeat af a nod~a or trouee
of dl or s~al p~t of tbe Morcg~oc's a~ees md web or~er. iud~n~t ot daeee s6aU coatinne and ia effaet iot ~ar perjod of
thi~tp (30) oomaati~e da~ t6e M~e n~a7 deelaro ~Le aoa 6~ seeaced forthwitb dae aad payab~w6eee~poa tbe prindpai of aad
L
tDe iaterot uer~ed on t6e note and aU other smd herebr saarcd ~sl bccome iatbwltb due and pa~abk as if di oF tbs ~d ~ of mone~
were originall~r stipWated ~o be piid on soch dap; sad thereopon tbe Mort~ee witboet so~ee os dtmaad mq pco~edrte a~ait at ]sw and/oe
in equiey as jf aU moota saored ~enb7 6ad matnred prior to ie~ jmtttutioo.
1S. 1'hu tbe ~6o~ee or any pasoo a~ b7 ~e ~a ~11 bm ttie r1s6t to e~ta apoo and ia~teet t~e sectpsed
premi~a at slt ramnabk dmea
} 16. TLat ao7 s~m ~ ~mes wLieti map be loiaed or ad~aaoed b~ t6e Moet~ee es tbe l~ortp~o~ at a~ dtst wit~ tm (10) ~san .
from tbe dm a~ thii indmtae~ ~ora6a wltU i~t tbereoo at ebe rate apncd opoa at t6s t~e a~ soc6 lo~a ~e ad~anoe, ~6a11 ba e~ sa
caced wit6 aad Lm. tLe same prioeiq as tLs oriyinsl inde~edaea aad bs wbjeet to al1 t~e tesnr aed p~ a~ t6d aeort~s~e;
t6at the a~czace amount of Pai owsta~dini at aq~ time ~Lall not esoeed ~n amonet eqwl M aot b aod tifq.per oeot ~150'Xrj a~
tbe pstuetpal amouot addas~saared berebs. .
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17. Ztiat. !f requie~ed dp Mo~. tre aid Meet~or wii! p~ noea t4 Ddatp~er+ ea ttis ~t dq et aer ~ad esap oeo~eeudvs
mootb,, • snm eqwi to one~tweUt4 of a~uwl amoaot eeas~sy ~s pa7 all ta~a and a~a~asenlf ssatmt t4t a~id~ ~ed Pr~i~a~ wd
" moneWy saan !o be ~ wid~ b~ Moetp~ee md ealcWat~d b be an ~ not •lea thfin eit mewt ~ t~a ~eaed ap~t aid morN
b~ o~~ta~a ~~a~ ~~~o p+q dl iawsanos piratmt h s~es a+d ~o~a~ a~ tro.tdcd
i~. T6st is tbe e?ent tbs iou w~ie6 t~~ooe~p L~rs M aeeare M~de irr t~e r~t ~E 8~ndst dt6er tbe cea~tnKdo~
eE ~~aew bdldinp or tbs oomtevetion et im ~~eoeats aed/~r additi~as eo aci~ti~ bdldlop. d~e~ l el~ e~oe. if n~b! tbs Mo~t~e~
~P~7 ~KS te depoit whb t1~e 1~orc~see or ip d~ a~at aa amouat of moaef ~qual M ibt ~faeaee tbe aet~~~
of the lo~a aod ttie toal amooay a~ determided b7 ttie Moe~a~ es lopp oesNeet ~dd ae~Kroeda~ ia aooerdaoot ~?ieti t~ie pluu
and ~peeiSat~ Lactofore sobmitt~d b7 t5e ~deetp~o~ aod a~~~~
tbe Mos~ea add msmu of mooe~ s6at1 be pisad b7 dK
Mostp~ce in a"Ioans io Peoase A~ooo~ant' ie t4 maeoe of eM . aad t6e ams s6a11 bt mod b~ t~s Moetss~+ee b p~r the cae.
ebar~ea and r:pa~es incurccd ia eooneet~ whL qid coa~te~oc~ p~ie~ a`~~ef ddr lo~a. • It L toet6er saecd ehat io tbe e*ent ~
~~aid ooomnetioa ii not fWi~ oompkced aa ee befee+e ti~ d~te w~ed ia tbe Lom~ e~ L t~e e~eat tbat t5s wor1~ en
~au
said coenerneLoe sbsq oe~e befare faii oompkdoa aed s~L aastioo s6a1! comioae for a prbd ~E ~au (!0) or if subtaadsl amt2nww ~
, ~~~aa~d a~~a~seeored
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D b~~as~s d~ a~ad ~ b b~~~ ~s~epd a o~~aid )~e: ~d L~
~of~sori aa~stl~t ef w~o~ ~opoa ad~ ao~tra~an Loe s pa~ te~ (10? ~ et ~f ~a1 oo~nn~ p~a~ s~ail aet bs
msde In weh cowancdoo. s~ s~orwld. t~e ~pp~et m4 at tb optl~on eata is~ ~od apon t~e t~ pe~mtsa aod canpkte atd cor
r drocdoe ia sa6 maoner d h deenu ad.iWWe~~~wit~oeR seq? istafeeeaee 5oea tis 1~: t5e add l~os 6ere~7 d~~
~ eo tbe Mo~a inU powe: ssd ~nebaiq? es mab s~ wtrp ipes aad ~pos aia mort~ed te ea~a toa ~oeti natraca ~t ar~
~ ia
~d~dides aer
~ a~~ meoa~ary ts coa~~eoo~troet~oa~aa~ aa7 ~~~~ded ~~g~ O0~ . ~
~ witD ~oe~ aiepietlan ef ooosvoaio~ ia aoot+~ ef tit moda ia ~aid "Le~a~ 1v p~oons Aa+ooaC' ~1! b~ added M tb~ sdd prtod detit and
~ s6a11 dnw iateeat st tLc rns pro~ided !a aid prosiMSr7 uet~ aad s6aq be ~cared by tht~ swtp~ aad s6d1 be pqabk b~ ~e .
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~ oe ~maaQ. '
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