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aud sirfl du)7 ~pertonb. ooa~ with abwlu by u~cb ~ad ov~? tl~e slipulatiar, ao~Utioeu. aad eovenant~ ot said proa?i~ory
t~ote and ot tbis nwry~e. ~ this a~o +u~d tha e~twte be~t cco~ted ~u?!1 cea~s aad b~ aull aed roid.
It b waderatood t6at the want "mort~~aes." whethee ta tbe tin~+tlt?t or plur~i an~whe*s in tki~ ~11 b~ f
siaNlar it a~s o~al~r iud shdl Oe piaral~nU~ ad aev~rsll~r U n+oie tlu~no~ ~nd tbat tM ~rond "tLeis" a~p~auVw~n ia .
~ thta aart~~e M~nlt ba takoA to n?w? bes or jL~ whersves We coateut ~o imA1~ or ~daalt~.
And the Mortgsgora hereby joinUy and ~veraUy covcnsat snd agree to and with the Bdort,~y~ee:
i. 'lb pay aU a,d ai~ulai tAe p+inelpal and interrat ~?nd tl~s variow aad wrw oi money ps~Db by nietus ot
~id yranLaor~r aote and this awtt~~e. aicb ~nd ercrr. W~u~a+ptfy oa tha dwy~ raspsetira ths s~a~s boeo~ae due.1L~ :
Yoitsa~~ne~na~r onllect a"lata~~~e aot to oxoeed an ~nwual aqwl to two per aatum (l96~ ot uqr~
i~4ila~a?t ot Ws note {
be~+eby ~eeured wl?k4 b tat P~d vrttlds fitte~w (15~ d~~rs ~it~~ x~ ~e lher~ te eos*~r t,~ aztra suganae 3nE%'~d 3n
i~sn~itu~ delltpuent py?a~ta. . ~
!t. To p~r ~rhea due and without ~ notlee irnm Yott~ee all aad stn~ular ths baxe+. atsessment+. k~, ;
r ea
oWi~atioe~ ~ad faeambranee~ at erer~? n~tue~e and now on dd d~ecibed yropeirt7 and/or tbat bereatEer aW? Ds Im- ~
paed. suttered. Plaeed. k~ied or osrrsead tbereupon. and/or Nat hanatter nW ba krfed oe assewed npoe? tbis mart~ats i
and/or tl~e ir~debtednan tecured hee~cby eseh and every ~nd insdar n W tbereot L o[ reeord Ihs wne shail bs prompd~ ~
~ ~atl.tied aed disclwrted ot rawrd and t~e oriltinsl oftic~a! doenmeM tsueh as. for Mttance. the tax reoeipt or tbe satidaetioo ~
pa~et~ a~iticLU~ eadorred or eet~itkdl ~ball be plaeed ln ibs lu~nds of said 1[ort~aaes wlthin tea d~ ~tt atter pRTma~k ~
3. To k tbs im~provements aow exist[n~ or heeeatta~ ~ eroeted on fhe narta+~8~ ProP~1. +u~ ~~Pmen! and i ~
pe»writp eovered~y tl~is t~ itwred as aayr be trom time to ume by tl~e l[ortgatee aaainst loea bY tire. ex- e
t~a~ded covarasa a,d we~ o~Aer~ 1h~wrds, c.~sw~lczw und oau~~~acia aa nyy be requira! by 1[orc~,~ee .~i wAl Py w~+rW.
~~fien doe. sn~ eemiuans oa sueh l,~r~u,ee. w11 ~w.~e u~l be !n form and amoun~ ntiatect~ to. and Ia is~sura~e eam- t j
~
p~a s ro bp thn i[ a~e . aM the polici~s snd re~wsfs thereot ahuli be held by Hort~a~ee and have +~ttuhed thereto
~ Ias p~e dau~es ia fa~ai and In form aoeeptnbk to tl~s l[ort~aRee. In ev~ent at toes tLe Yort~a~ors v~r~q ~ive immediate
notice by mail to b[ and l[ort~ssee msr make P~i of loes if aot ma~epmm P!1y bY M atd ea~cb Insnranos t
oompan~ ea~eere~d~ autlwrised aad dlreeted to make puy~nea! for sueh toas directl7~ortR+~lroe ~~t ~o ,
e
ltort~aaors and .MortRs~ee ~Ointly. and Lbe insurance proeeeds. or as~r psr! tb~ereot. my? be applied br t~ at tts optioa ,
ejtl~ee to tl~e redueWn ot We indebtedekss hee+eby ~eeured os to tbe restoratia? or reP*~' oi' t6s ~?ropert~~~d~aaed. In event ~
F ot foeeelcwre ot tbis nwrt~e or o4her trarnfer of titb to tbe pe~opett~r ia exGn~u~shm~at ot tha indebtedne~a
~ ~eeueed herebY. ali si~; t?tle. snd iAtaraL at tbe 1[oct~a~ors in to ~n~ polkies thm~ ia forea s1uU pass to tl~e pnr-
chater or ~rantee. ~ .
? 4. To reino~ne or demotish no 6ui1~ oa said P~+~ ~vitlwut the writt~en ooaaeat of the l[~~e
! mit ar Mdfa~ no waste. Ir~Qsieraeat or deterioration at saW paroperty ot ~n~ patt t]iereot atd to l~eep Ye s~me
~
improre- '
~ menta t!?ereoa is ~ood ooedrtion aod repair.
~
~ 6. 1b pq all aad ~ular tbe ehar~es ~ude:penes: inel rwson*ble 4~ye~i fea. Lwya*'~ disbnr~emenb 1
' ~wd awt at abatraets u[ title. iACUrred or~ st W t3me b~ the Yortsases~ase o~ the f~ilnrs aa? tbs D~ at the I~[ortsa-
~w
~ son to dal pestoray eanWy M?Itb and ids br e~eh and ereep t)se atipuialions, ooaditioo~ ~ad ao~anb oi taW D~~~ ~ `
aoZe a a d ~ mo
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! 6. 'Tbst in tbs a~t tbe ~toart~aters idl top,y oe dl~eharg~s dd taxa~. aae~nb. liamis and ineambrae~oas. or svd
eab. e~r~ ~ad e:peneee, or L31 to keep sti~premi~es inoured or to dellrer tbs polkk~. Drefr~iuau ot fail to repatr th~
~ aaid premi~a. as herein aareed. fbe 1[artaa~ee ~s ber~b~? aatboii:ed at ita election to pa~ andJoe die arie ~aW tue0. a~s- .
i meats. llerr~ aad ineutr?br~ances or uV P~ ~ P~~r~ a~id oosd. e~rg~e~ sad e~a. ta P~~ ~ P`7 for auh in- .
~urance or t~ a~alce a~d pr?7 for ~ withoot ar~r oWf~atioa on jts part to deteraains the valtdit~ ae neoessity oi a~
tAereot and witLw~t tbe 1[ r~~or sita opejon. IIea. equltT or dght uAdes or bt ristne oi thk mo a~s
~nd the tn11 an~ount oi aaeb~ver9 ~ P~~t sh~ll~ imanediatel~ dae ~ndpa
7?able and d~aU bear iatarest lrona~ tlre
date tl~ereo[ unt~ psid at the rate o[ ei~ht per eentumper ~aaum. sad. totetl~er r?ith rsel? interes~. ahaU bs sausa! by tbe
• lta~ o! tbis mo~aaa: bnt notbia~ henJu oontained ~1! be eo~stn~ed as e~aryirins tbe Yortsates to ud~an~e ot spend ma~e~s .
~ f~ aeq? ot tl~ ptupo~es iu t1?is pataassph mantioned.
r 4. 'i~ud (s) In tl~e eren! ot s~ b~ae~ of tl~is o~w or detault on tbe of ths ]dort~o or (b) In t)~e ereat
._~nr ot s.id .ams oi money ~reia reterred to be aot pi+anptl~tully paid witLtn ti~a dar. ~ct dtet th nme severaUy be-
+a~n y
ro~ne dns aaa W7~e. wltbout deMard or not~e. or (e) in tl~s e~vent e~eh and ever~ tbe atiP~latioos. conditio» and oovenanb
~a ot add W'nmiseo4 nate and t!w nart~a~e. any or eit6er. are not dut7 p~rlornied. e~mplied witb aatl :bided b~: t~ea. in aither
oraW? md~ eveat, the sdd ap~re~Cate a?m mer~tloned in s:id promiswq? no~s then remainin~ uap~aid. wtth uiterat aecraed.
~ sad aU aw~e~s aeeured herehr. sMU bec~ns due and p~Urabta forWrvitl~. or t6er~t~es. at tbe option a~ ssid l~t~s~se ai lnU~
~ atd eompletel~ ~s if aU o~ t2~e said awns oi maie~ wene osj¢ioallY ~t~pulated to be oo syth ~ a~~ ~
~or! ~wte or in this mo Eo We eontrar~? uotai~dmS. and thereuPoe or ~~r~iter. ~ t~
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~ 8. 17ut ii W wiit dWl be iastituted to foreetae or :+aMtzn tbis moKea~e and/or to enfotce ps ent a~ ~u4 eWms
. a t6e" l[ortg~ee ~aU be eetitled t~ sppl~ at aa~? tfine pendina soeh ait, to ths Conrt Lsrin[ ~i~dktioa tbereoi ;
; tae tbe appo~atmant of a Rxetver of t1~e nartaaaed Proped7 ud a? I u~d aintNlar the rants. luoome. ts. i~sua ae~ ~
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t It L berebl ~P~7 oovenanted and s~reed thst fher~vPa? eneh Conrt sball forthwlth appoint a Beem~~ ~ ssld n?~~
P~~J?. aad ot aU and ~in~nl~r tbe rents. jncome. Drafib. iarues ud revawei theraof trorn r?bsterer ~o~re desived. tbs _
~ nw~t Powera ud bntles oi reeeirers in U'ks ca~es: sad sod~ sppoiamwmt sbaU be made ~ a matter of strict rlght to tbs .
~ ~[ortaa~ee, apd witboat reteraiee to the adeqwcy or in~deq~ac7 0[ the valae ot tLe propertr Lee+eb! mataaaed+ or to tbe
. ~o{vme7 oa' i~o1~e.'~`~? at t~
e 1[ort~ois. '
' t. T'l~at Yo~ ~9 aaisn, trander and ~et oner to l[ort~a~es. up to t}~e anw~nt a[ tLa tafisl Indsbtedaca ~
sea~ssd bee+eb . al! a a~t dama~es in oonnertiou wiW the eond~emnatioo ot any oi said P~P~7 far pu6lie use or for in~nry ,f
to anr Part and tl~e proeeeda of aU akh aw+ud~. after parment of all reasonabb exPsme~ incnn~ed. inclndin~ fees
fo~~~ rna7r~ rep~ ~ 1E~ ~~t P~ in w!~leh sa~? s~eh award ia made. ~sll ba D~ ~ 1[orts~ea to bs i
; - apou tbe iadeb~ berwoder In meb moaner as Yostsa~es aw elaet .
10. Tl~st tleas L ad tbs e~senee at tlein oontraet aad ao wairer a~ au~ obii~tlou beewmdet o~e a~ !Le obli~atioa ~e~vrea
bereb~ dull st W tiens tbereattes be bdd to ~e a waiaer o[ tlia teraas hersa~t or ai tbe Aote ~eeured b~reb~f. r,
' ' 11. Witbaut attect~ tbe HaWlit~ -a! :n pe~son (otber thau aq? persou relea~sd Pn~so~ ~O) fot~ pqa~ent ~ s_
: t~ll~~Purwa~ heret0. ~o~ ~i'~
~ ~
~nd ~tram ~ Nme, tl~out ooties~aad~wi~t~a~
~u ~
to sa71eia1 ~ht o~r p~i~tle~s a~ ][oet~a~esn ~
(s) ReleaM a~ fiab{e tor pa7~ ot at~~ ladebtedner ~ecnrei ban~bl?: (b) Ss#atid tbe time ot asne~ ~o ~
a ~ersou
: alter tbe terru ol p~~t a[ aay al tbe indebte~: (e) Aooapt additiooal ~eareitp of aar kiad: (d) ~eus aa~l P~P~~T
~senrio~ t~e lndeata~ee~s; ls) Cament to tl~e ereattaa ot aiey efuemeAt o~a o~ or~ tLe D~ or a~ c~oneaanb rea~ietinR ~
o~ or ooeap+ney tbae+eo~.
1t. To d~l psdoea~. ~~ritl~ aad a5id~ b~ ~k tad s~a'7 tlw ~tiP~4tims, eo~oditloat a+d ~ts ia a~id pro~n-
~a
lwo~7? ~ aad In ~ rnost~s ~et o~t6. . i.
W. As ~ddittooal ~eeoeit~? tM 1[orti~s do Ae~ tsseider. a~its sad set o~ !o t~ ~ Yaet~~. I~s we~es- ~
' ~ors or wsiin~ ~a7 aad ~al! ~+e~b ~o~r ~e. or to beeome dns o+~ tbe abors da~eribed prani~es or au~ aeP~rate ~+ent+il premi~e ~ ,
sp tbeMo,, whieb sre dtusted an tLs Isad ~bu~s ~eseiih~ed: peh ~ to be eollected or at t4e d?e+eetton ot tbe ;
~~Ib aieeeawra ar a~a~„ aad tLa sat prueeed~ tlrerso[ to bs applied to tM indebt~dn~r ore aeenred. u~nd t
wf~en~~ias~e shall bsoo~ae due aed oaraWe: aad tus d~e purpo~e a~ ssrryin~ ant tbis prarision tAs ~[ortia~'oes dc b7 tl~eae
~ t~, eontiti~te aad appoiat pjd 1[ortsaaae, or t1w anooe~soes oor a~sisnr d tlrs wid Yost~a~es. ar 1~is. ber os t~eir tiw
aa~wlW wtto~aey-ju-Let. to edleet an7 a~d atf r~b toe dd abo~re de~aciDed prani~es. e~cPr~lf +ultbor~t ,
i aueewor~ or to rsal teaaAb tLeretor~ and do by tAe~e pre~ea~t~ r~t! +wd eaatirm +~U? asd all ~eh ot t
sa~id ao er-iu-iaet L~ ee~ls oa to tb. t~ po+.•s. ~ . . I
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