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s. ~1.e l. ~!e s.e~ .f ••~d~ bdas i~dc~ed a tenelo.~ ~h ~ ~b. a1.11 b~ ..~~ed M.t~b •e s.~r d.~ d~~
~uer ioredown ~uic eo tbe court larla; jurisdkaoo t?~n~ tor tM appoisaoe~e ef a
e~r~
if s11 ~ad da~ulu eb mo~e~a~sd Nepe~v. ~
~E dl eeoe~, isooae~ profip~ iswa aad csvedua e~ereo~ Rba~.owa .ow~o. ~t.ed= aoe ~pon i~ ts ~r aw~«4 oo.~aac~d
aad ~nsd diat tM ooun s6a1! ioct?witr appotat ~uer reoei~a wItb tM uwal pwen aad duda oE ceod~en. i~ lib eaai sed iaid a
potatmeee ~ball b~ made s~ cbe ooun a~ • maaer of ~cckt Rsbt es tbe sad v~ithout rsfsreooe ts t?e ads9uaq? K toadeq~aq? ot ~
wlw of the propeet)? ~e~ce6~r ~or ~o tM ~ehenep or ia~sl~eocp ot or aq~ ~ pa~qr defeadaat a sucti adt. T~
Mo~t speeiRcslif? wo~a c ~bt M obiat es t6e appoiatmsst of a Kai~s~ a~ afwaai asd 6eab7 e:pra~lr ooateb tbu wc6
~hal be au~de a~ as admietcd equiq aud a~ a n~aae~ of ab~olua ~t a the ~oet~a~w aod tLat cM wm iW be daae wic6ou~r ~
eotice ~o tM Mortsa~or. : ,
e
11u it w Proeadtup ~ould be imdtuted apia~t t6e prope~? coartnd er t6i~ ~ apoa ethe~ Uea er cisis w6et~ "
wpe~ior e~ Juolo~ ~o tbe Ues ot t6i~ tb~ Mo~ttasee my u its opciou immedlutb npw i~titutio~ wK? wit or d~uia~ tM peod-
~ c4e~
c~e~ccisre ehis monpp ~ad
t~ebc~dna~ ~eeured Lereb~ due aod pqabls fo~cYwit? and mU? ~t ta opdoa paeoeed a~aeeto~
7. To pa,~r dl ~nd lu cYa cora` tear cW*p+ aod ~pea~a of s~f Ldndin~ etie oac of aa ~b~traa ot tide a ssid Ised~
kund co be ooo~enient o~ e~ieat is ooanee8on wie6. ao~ suit fo~ tre to~eclauee of t6i~mo~t~a~ and ala tacludtn~ wbet6er ebe ~+~o~sic+
is obUgaced ro pa ~ame or na, reawnsbk secocne~'~ 4ea ioeurred or espa~dcd u an~r tims by tbe Mort~ases beeawe ot ebs fdlura of cbe f
Mortss~o~ !o oanpUr with sad abide b~ dl or aar of t6e ce~eaanar ~enditiow ~ plplaBoo~ oE ~aid P~ani~? ~oth os tbit t
~nort~a~ ip c toreelosure ot d~ mocti~e aod ia oollaet~as tbe a~twu~ ~eeu[ed Lereby wit! o~ wltbo~t kpl~ prooadiop, ~od es reinl- %
bu tbe for every p~eat wade or iaeurrtd for anr wc? pnrpae wit6 interat h~o~ date e~ a~reqr ner payment at t6e nts ~ ~
~t~ Pa a~) P~ ~ Ml~ a~d oblisatiom. wieL jaeerot ttiereoe r atocaald, ~LaU bt ~eeueed b~r t?s lim 6ereof. ~
Z1+ t6e botldio~ er buildtn~t now or re?aher oo aid laad inured t~airt loN or dan~t 6~ gn, a~ended os~er~e ~d i
ot6er perih. ine~ wu ~isk iawrance it a~ailaD~ not las t6as t6dr full in~erabls vslus at t1e oat aad espeme of tbe Moet- i
ta a aaapsq~r or oaopania approncd Dr tbc tbe policp oe pottda to be ?dd bZ tb~ ~s. aod sncb polie~ ~ polida eE ~ 4
uranee sball 6a~e affi~ced thece~o : Standud New York M Clawe. ioakin~ a!1 los or {ona uod~~a
sueti polie~or polieia pqable ts
t6e MoKgaece as ia interat msy appcar~ and b deli~er saidle po~ or p Bo da ~o tbe Mort~a~ce w5sa ~ Rit6 e~ecdpts tot tlep~- ~
n~t of the pcaniuu t~mfo~; sad io t6e e~eot asp wa~ of bcoo~aaw~b
b uoder wcb polie~ or polkiar tbe Mortsasce ~6a11 ba~e
t6e option ta reedve aad appt~ d~e wse o~ aooo~nt of t6e inde~ aaured- Lcreby or ~s pmdc ~be Morep~or ~o raei•c aod we iy or sn~
put thereof~ for otser purpae~. wItbut theney wai~tos or imgairini ~W ~V. ~es or ri ~mder o~ b~ ~irtue of this mo~sse• asd
t6e Mo~tja~ee if it deems nece~ap map pl~aoe aad pa~ iot weh tmi~
ot aqy ptrt tlb~dr~wItbont lo~ias. wd~it~ or affectin~ ~oct-
~aree'~~yt;on to toraloa tor brae6 of t6is au'venaoy ae ae~? paet or an~ ~i~t or aoda tLb uo~tt~[R aod e~eryr suc6 pq-
~ ment ~bail bea~ interat fros date tsereo~ uadl p~id at tLe rate ot dt6t per oeat (i%? per aad dl r~eb pa~r~enb wicb inter~i e
aforaaid sball be reeured b tbc iten 6er~of. Is the enat ao7 loM or dama~e L~~ffered Mort~a~u ~ball ~od4 M~ of we6 loa oe `
dsms~e wtt6ia to~-eItht ~4t) `oues after de happeoios theceof; t6s tailwe eo ~ive wek mtioe ~6s11 aoa~dtote a deta and tbe Mortp-
gee s6a11 have the ri~b 6adn p~rea io~ all dcfautb. .
To permiy oossit e~ ~nff~ ao wnte ~ad eo mdoais tM Im~eeeab at dl tima ie a~te ef ~ood «pair aod aoodidei: aad
w do o~ t eo be dooe eo said premi~es oot~isi t6u wtll aha o~ cL~n~s ve ~se ~sd eWr~ter eE aid poperq? er i~ aq wq? i~npstr ~t
walcen ~iecutib ot said mort~aga In eae of t6e ~efwal, nK1at er joabitiq of t~s Mo~~a~ ~o teWir and wtaain aldpropert7. tbe
Moresa`ce iss~~ u Zts optioo, make web repain or eawe t6e ame ~o be made and ad~aaa m~oia 1n tVt besalf w~L wa~ shali be ~ewrcd
by e6c tiw Lerast aod bar iaterest at the nu oE ei~ Pa aat pee aonm~. .
10. 1b ddi~er tbe ab~aaet o~ ab~tr~eb o~ tide tLe~~~ peoper4 ~s~t~ee or Us ddpaad ~tesy w6ie~ s6a11 at
er
ali eime~, duRn~ tbe Gh of dds so~ye, resatn ja deap~ ot tbe ~61o~asee aad ie e~ea~ o~ tre fireelo~ure aE t~ts moet~ate er otba
vamfer of 6tle, afl r1~ dtk aad iatsre~t of t6s ~latsa~oe is aod to aap roer ~ w ab~traeb ~f tids s6aq Pa~ ~ tAe p~ K
~rautee. ~
11. 13at io ~rdter ofa~r oo~eaaat Ladn at i~ t~e obltptLo secoced knb7 t~aq at aq ti~s tieraita be ~dd t~ bt a wd~e~ N
aqr of de atber te~s ~eresf oe e~ t6e aots secared Leceb~.
1Z Tbu L order a sadsrm t6e suudb? o~ tbe iodebcedee~ ree~etif ~eeored bean~e oE tM ~ita~e t1s M P~7 ml? ~
a~eameat. Gabtlier~ obUptios et eeewobaoce apoa aid propay? aa berds ~ide~ k ~LaU ~ot bs aeowse~ ae~ ~te~ tre ~o~e
.hd~ Rnc p.r e5e wse.
lf. '13at if t6e Mertsa~oe ~6dt fstl. ,e~leet sc rcfa~s ~ a peeisd ~f tYr4 ds~s ~ M'~!a! M NV ~s ar~oow n-
qutrcd co be paed b~ ebe ma bereb~ ~eeurcd or t6e jaterat t6erei~ speeiRed K ao0? of t6e ws~~atoeey ba~d~ referr~d ee w da~~
tured. or ot6erwise dW~. fnli~ and prompd eo psrtone. aoeeute. as~~y wltr aed abids~r eaei. everp or ~q eE tM ereeaet~ ~oadi
or sNpulutoas o
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biortta~ee as fnlly aod aompletd~ e if said ~repte wm wae orlpna117 ~tip~ated 1o be ytid at s~eL~~, ae~iios ia ~ai ~ot~
aote or 6erein to tbe eootnq? s o t w[
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s~ituts wit u law or ineq ~o eaforce the d oE t6e Mo~s~ee beceaoder e~ npder said p~7 . mte. L t~e e~tot e~ aq~ ddantt
or b~eae6 m tbe part o~ e
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W7ment of aU sums ueured bereby aetioo at law ot b~ adt ia ~s fo~ecb~s tLb ue~q~,a~e. dt~a er bot6, ao~h? er ~6erwLe.
a
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a r e o or waiver o
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a~ e~
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e e t o~i~t~a tre at~er. l r ~
s~
lded satd Meet-
~a~ee sLall ~sre oalr oae Wlmeat and Wtbfsetion of aid ~edoeM. .
u
14. T6at in t6e e~ent t~t Moet~a~or ~L~aU (1) ooo~eot to tbe appoi~t~st ~f a reoei~~u. t~wtes e~ Hquida~or eE all er a w6~aeBa1
part of Moresa~oe~~ asea. o~ (2) 6e ad udieaoed a 6aokiupt ee imd~ or Sis a n~l paition ia baokrupay or admit Ia wridus id
tu
• iaabilit~ eo ~ Ib debtf n tLe~ beoaec ~oe. or (3) saks s~eaersl a~i~u toe tbe ~ oI eridieow. u(4) ~k a peeitioa o~ aoswet
seetin~ ceorpntsatiou oc ananLm~e~ wjt6 crcdieots. or ~o take sd~aat~e of as7 ~
K
w~~~ 8kr~ ~or ~ sball 6e
terial dkaatiow at a ppieieo filed ~pto~e t~e M~rt~s~oe is aa7 ~P~7. ~Pu~
akm b~ the Mortta~o~ for ~ie Pu~pose ef eff~ains any of t6e fore~oin` or (7) aa~ erder. jadpneat « deecee .ball be eatered apoa so
appiieatia~ of a erediar or ~ b~ a oonrt of oompeaatt ~'ori~dietion a*piv?iss a peHtioa ~ktn~ appoieaaeat of a reod~er er tru~ta
of all or a wbuantial part of tLe Mo~tga~oe's a~eb and sue6 order. lnd~m~ or deeses ~aU eo~ne m~ta and ts effect tor anr period ~f
ddrq• (30) ooaseeudre da~ t6e Mortas~ee ~aa7? dalue t6e aote bereb~ ~eeuced ~ort6wlt5 doe aad W7~~wbereu t~e_ pcladPd o! and
tbc iatere~t aoe~ned ao tbe aoee aod all a4er sns~ renM saared sba11 beoooe toe~6wi~ d.e aod payabk a~ if atl ~d~e •aia wms ot moee~
were orijinall7 stipulated ts bs paid on sot6 dar; ~nd tbsrenpon tbe 11~ai~ee wit6oat aotfa ot dasaod sa7 Pe~oiee~te a s~dt st iaw snd/or
' is equitp a~ if all moaia ~xared becsb7 6ad muared ptior ~a hs L~dtotfoo.
E 1S. lbat tLe Mortpsee or ao~ pee~on aot~oetsed by e?e Moet~s~ee i?all rsre ti~e rl~t M m~er rpea aod iaspeet tre mort~ed
premi~a at a11 rea~owbk ames
; l6. 1Lt aor s~ or suaa wLki mar be lo~acd ar ad~anoed br tre Kaeia~ee» tbe Kort~a~o~ at aq eime witLi~ tea (le) Tean
~ from t6e date of t~ iadeature. w~etrer witb interat dKreon at tbe rate str~ed opoa u tbe dme ot ~ne6 bm or ad~aeoe, shalt 6e so-
cnred with and 6sn tbe ~ame prtoriq~ a~ tbe oridna~ 1nde6~ednea ~sd be s~~'eu eo all t~e tera~ ~od~ oE t~ mortp~e:
~ e6at tLe a~repts ~mount of priudw~ ow~aodtos tt w tfs~ ~hap nec e~aed as ~moo.c eqa~l ~s oae 6mdred a.d liit~ pa aet (is09G)
~ tbe pdaeipal amounc ori~ina~ly ~aored `ereb~. .
~ 17. T6a~ tf reqoired 67 M~e~ tLe atd Mo~tp~o~ wiq fa~? ~M die M~e~ • tre 8nt da~ ef e~ ad e~er~ ooreeuH~e
' moot6. s aseq
wl to a~e-twelftb of tLe amnat amooot oeoa~ar7 ~o ps7 a11 •tstes ~od oeroealr apie~t e5e aid nartPt~ P~ ~
montbly sum eo be atimated soley br Mortga~ee snd ealeulsted oo be as. ~ aot Iw t6a~ ebt assa~t of tasa aweMed ~ aid mot!-
~a~ed Praaisa for tbe pre?iow year aod i~ fiutLa rcqudred b~ Mortpses b pa~ alt ~esnraea preesiums in s~oaer aad a~ ~1ded
hereia tor ehe pa7meot of~ taus aa~ aaa~meab.
~ 1~. Tbu L t6s eva~t tbe laa whkh t~is~tpp b ~iTea to ~eeae~e is s~d~ toe trt eE flondni dewr t6e ooreruedoe
' d ww bdldiap ~r tM oomtruedoa ef ia~p
et~~ot~ asd/K ~ddtdws M airde~ 6dldinPr fMp 11l~t• it r~quited bp tit Mee~,
= ~pra~y a~ew~ a de~odf• wlek t6~ Ho~tpi« K!e~ d~i~p~~ s~ ~sw~t oe ~e~ poal M t4 i~naos eetweea tbe iet
~ ef t6e (oas and the toal anoouay a~ dacrmised b7 tM 1 M foq7 oesllMe ntd eert~ h~ooo~d~ooe witti plae~
F aad ~peeifksdoos ~eraofors sobmiaed d~ tbt ~ aad • bf t~e 1~IOetp~ Stid asoant ef moee~ ~6a11 be, plae~d bp ebe
s Mortp~ce in s"Losar Is P~ooe~ A~ooount" !a tM name oE tLs aad t~e ase ~11 b~ wed 6~ t~e 1~or~e b pq? tfe co~tr„
~ ebar~a and apeaus innured ts ooooeetian wit~ atd aoo~roeti~ni prio~ b`~~iE t6b b~s. It L ia~er aQe~d t6at Ia tbs e~eat
F ~aid oomcructioa b no~ fnll~ omspkted on er beiore t~ d~te ~t~ted ia eb~ Loan oe is tfe e~eat d~at tbs w~orf~ a
~ ~sid eomtraaioa shap aa~e befare iv~oom letioa aod roe6 oa~etio~ a6aU ao~tisw ~or a perbd ~a (10) 0~-3! sobraadal oe~inasos
p~o~rew sba11 sot be made in we5 ~ t~en u~d ia ao~ web enst tie aid ~repts wo4 P~~P~~ ~ m e s
d a ~ e d Io ~
a i d
= P~omi~oc~r not~ ~od all monia ~eenred berebl ~6a11 beeains -due and~
k teettiwitti or treraker at tre opttoa ~ s~id DRor~ee: ssd L
~ t6e e~ent of a~ oa~tioo o! w~ost ~upoa ~ s
t~ oomtroaios ~
o
r s p a
f
o d e f tea (10) d a~ or i~ w~
d d e o~ i aosa~ pro~ t 6 a 1 1 eot b t
~ made tn sne~ oo~traeaoe. ~s aforadd. tbe Mort~c oq u ib eptba enta ia~o a~d ~poe tLe q pra~es aed oomple~e atd ooa-
~ ~awedoe io soe6 manaer a~ h deems ad.i~abk wit~out ss~ ioterEee~eaoe ~eeo t~s tM ~~d l~pe 6e*'ebf i~~i ~ i~+~ai
~ b tM Mort~cs inU power aad aotbortty to make a~eL eatr~ iws aod apoe n~ ~oet~ed~~ ~emi~es. ~s eater ~s w~ ooatnaa or ar~
~ ran~noeab d ma~ bc pea~ary ~s oaaple~c aid ooastreetbor ~ad to espesd ~el soda w~ ia aid "L~ ia Piooea A~oao~" ~sd
~ ie addjcioa aa~ wws of wooe~ neeassc~? ~n oompl~a ~aid ooaaeetlos; asd as7 aed al! ~ooie~ sspmded b~ tM Norep~ee L eo~meedes
wit6 wci~ oaaplaion of ooo~trnaioe ia esoes~ of t9e soata io ~aid "Lwr i~ P~oons A~oooa~t' ~a11 be ~dded r t~ aid peieip~ debt aod
~ ~ball drsw tnterat at t6e rue pro~ided js ~aid proeb~ oote, and s6s11 be ~e~wr~d b~ ehi~ owtp~y ~~116e p~~k bf t~s 1~
- ~ _ BoJ~ ~ 9~ ~~~E 42f
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