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a~d aAsll dul~r~prdon0. eo~up1y with ~ud wbiJa by w~eA ~od evety NM ~tipulat~ians, eamliti~s, aad eow~anb ot a~d Y~
note aad ot Wis auurtRa[e. Weu tAi~ uwMA++4~o und tl~ estwte IMtepy etwted ~hsll oe~~ ~d b~ null aud void.
tt ia uaa~eotoua that tM ~roea "moet~u~to~." wAecbe~ ip u» tl~ulae oe pl~ral .n~rr Ia uL~a~, a?~u b~
~i~ulsr U ons oaly Nnd ~tl es olw~l,lolntlr xnl ~averalty it a?oee tb~a oae ~ad tbat tM ~roed "t~l~' a~ u~sd +n~b~r~ iu
tai~ aarl~a~~ ~haU bi iaice~ W ~naw~ 1w. ber or lta. wbersve~ tbe coatest a~m~lks oi admits.
Aad the MortgAgora hereby joiaUy and sever~?Ily oovonu?t ~?nd aQree to and~ vvith the Mort~a~ee :
i. '!b pay ~?H aed ~inN1+i~ tAs Priaeipaf and iaterest nnd the vr?riow aad ~ w,~. ot mon.r vr•a• br .~ea~s ot
a~id pro~ainory aote aad thL awrt~a~e. e~ch ~nd every. PmmPtlr oa the day~ respecti y tM wne ~everaUr beeoms due. '11~t .
Yoet~sseemay ooUect s"late~~~ uot to e:coed un anwuatoq
ual to two pe~ eeatwn IS%) of any iwWlurent ot tbe aot~
herep ~eeured rbieA Is aot p u W v~iltbin fittecA (15) dari xfter tUe due date .Mereof to oove tl~e extn expenee iavolved in ;
Asadt~ ddinqueat P~V?a~euts. ~
S. 1~0 ~sy wben due and without e~equ~ rwtiee from Yorlgasee all and sinRut laus. aasnameat+. levia.
oWisatian aad iaewabranee~ ol eves~? a~ture and lci~ aow o~ saW deseribed peoperty and/ that bereafter en~r b• Im- ~
pored. wt[ered. PWcal. kvied or aaeased tbe~upoa. nnd/or W.t bercalte~ auV? De kv~ed or upon tbu mortt~ i
aad/or tbe iadebtedae~s aecured hereby. escb a~wf every wd insu[u n sny thereot b ot t~s ume ahall bs P~P~~I ;
~ati~fjed aad diseAarYed of e+eeood and tbe o~ilrinsl otC~c~al doeumeat (sueh as. for imtanee. the tas reaiP~ or tbe wtidaeUoo -
i~ orr~t.u~ enao~ or oe~;r~) ,bau ee d~~ in ce~ e.nas ot .~a ~[o~,~cee w~t~ ce,? a.ys o~xc ~ wr~~. ;
To keep the imprnvemeats auw existin~ or hereaftee erected o~ the mo~ed~property. and~
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tended coverste and wch other 1 N U e d~, csswlties and rnntu~er~c~e~ aa mvy be requiral by. l[o and wiU paY Prompdy.
when due. anypremiums on such Ineuranoe. All inwranee shall be in torm and amounts aat~s[u ~to. and in insur~na eom-
pauies ap roved py tl~e Nort~a~ee. aad the polleks w~d renewals thereot sd?alt be heW by l~o~ag~e! and have ~ttached thereto
e dausa ia tuvor ot wnd in form aeccptahle to the ldortgugee. In event ot loss the Mort~on will give immediaLe
ao~t'iee r mail to Yo~ee, snd Yort~ee msy mske proot oi loss it not made promptl~r by ortaagors. and eacb insursnee
~ company eoneerned 'u hereD nutlwrised and direeted to malce payment for such loss diree to Yortga~ee instead oi Lo ~
llort~on Ynd Nort~ee j~ointly~ ard tAe insursnce proceeds. or aay part thereot. msy be a lied by Mortgagee at its option
eit}?er to tl~e reduetioa ot the indeetcdaess hereby secured or to the restoration or repyr oi _ ProPertY dama~ed. In event
ot foreciowr+e of thia awrtga=e or oMe~ t~xnafer ot titk to tbe mortgs¢ed property, in ex ishment oI the indcbtedness •
~ecured Aereay. all ri~hR tiLle. ud interest of the l~o~a~on in to any ~murance poluiei t1?e in force al~ll pass to the pur-
ena~er ~ i[~ee. ~ ~
To remove or deiaoli~L ea bui{dir~ oa said PremLa without the ~rritten eonaent of the llortt~ee; w permit, com• :
mit or wfter no ~raate. impsirmeat o~ deterioration ot said prnperty or any part thereof and to keep the same and impmvr
ment~ tbereoa ln ~ood eaditioa and ~epair. -
6. To P~Y aq ud ~inNlar the eost+. el~ar~es ud eacpeases. includin~ r~awnable law~er's fea. lavv~?n~i disDurxment~ ~
•nd oc.c ot ae.traeta ot tiUe, itiwrrad or osid at any cime by the ltort~+?~ee becsoae of U?e failwre on t~e Wrt oi th~ l[ortga.
' ~ors to duiy pertorm. eompty with aad abfds Dy eaeh aad every the ~tipulatio~. oonditiar wd oo~eaant~ of said promiasoe7
note aod thi~ nwr~ate. any or eitber. ,
~ 6. TAat ia ibe eveat tbe Idortsaton fail to pay or di~e}urte said tases. u~ewnenb. lims and ineumpsanees. or aafd
oost~. eharae~ and expenw. or isil to keep ~aid prem~aea inwrcd or to deliver the polieiea. yremium~ paW. or fail to repair tbs •
aaid premiw. as beeria agreed, ~ Yortaa~ee ~s hee~eby autl~ori~d at iL election to p~y aaalor disehar~e said taxa, asuss-
ments. liew and. iacuaabra~s or any P~ fbereoi, to p~y~ aajd cost~. ehsr~e~ and exPenxs. to prdeure wd WY tor sueh in• :
~urance or to make and P~Y tor sueA repurs, ~rithout any obligation on i4 part to determiae tbe validity ar neeesaity of an~ :
tl~eroot aad without the ~ortaasee Mrarvu~ or at[ectia~ a~ny option. lien. equity or right under oz Dy virtue oi this mortgage:
aad tbe full amount ot eaeh wd every wch paym~nt shall be immediately due and paYaWe +nd ahall bear interest irom the
dste thereof unW paid at the rate ot aafit pes centumpe
r annum, and, eo~ether with aul~ interest„ ahall be seeured by the •
lien of this mortaage: but aoWing herein eontained shall be oonstrued aa requirina the l[ort~a~ee to advaAee or tpend moneys
tor aay ot We putposes in t~?is pars~raph mentio+~ed.
Tbat (s) !n the evcnt ot any breach ot this mortgaBe or detsult oa tbepart oi'tba I[ort~agon. or (b) in tbe event ~
aaY of s~td wnu ot monep herrin referred to be not promptly a~ul fully paid within fifteen ~ys next dter the same ~eve:allY be-
eoo~ ~e a~d payawe. w~~t de~d or nocice, or (e) in the event each ud every tbe stipulat3ons. eondition~ and oovenanb
of nW prna?iswri? aote aod this mortaa~e, st~y or either. ~re not duly perforn~ed~ complied w i t
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or aay nuh evenR tbe said agsretate wm mentia~ed in ~aid pmmiawrp note thea nmainin~ unpaid, vrith ~tere~ aeerued.
aed a!1 mo~reys seeured hereby. shall beoome dua and psysbie forthw[th. or thereafter. at tLe option of aak! l[ortga=ee a~ fully
and rnmpleW~ u[t all ot the aaid wnu of raoney were ori~inaliy stipulated to be paid on wch day. anythins in sai~ promis-
wry aote or in this awrt~a~e bo tbe co~trary aotwithstandm~; and thereupon or thereatter. st tbe option of ih~q ~ortgaQee,
rvitbout aotice or daaard. wit at la~r or iu eguity. theretofore or thereaftez be~n. may be proaeeuted aa it~ all moneys -
~eeueed M~r lud rastured Pr~~r to its iwtitutwn.
8. 1Lat if ~a7 auit ~bsU be imdituted to foreebee or retorm thii mort~ag~e and/or to entora payment ot an~ elaims
Aereunde . tbe 1[ortgagee ~hall bp eatitled to appiy at any time pendi weh auit. to t2~e Court h~vin~ furi~diCtioa t2iereoi
~
foc tLe a ta~ent ot a Receiver ot the mortgaged PropertY snd ot al snd ~in~ulu tAe reat~~ inoome. Pmfih. iasues and
eeveawes reoi finm ~rhstever sou~+eQ desived. each snd every oi vrhieh are euprea~ly ~rtgsged b~? thi~ instrument; ard -
it b Le r espe+adr aovenanted and aareed tlut t~?ereapon w~cb Court ~hall fortLwitb appou~t a Reee~ver of said rmort~a~ed
Prupertr. ud ot all ud ainsulu tbe neat~. income. Prufib, iawei aad reveuues thereot trom wlutever wuree derived. wi tbe
wwl P~wen ard duWs of reeeiveis in like cases: and weh appointment ahall be ~nade ar a matter ol it:iet si~At ta tbe
~ Moctsatee. ud witla~t retestinoe to N~s a~dequacr or uudequuy of the value at the P~P~Y b~7 ~~a8'ed. or to the
~olveAey or iawlv~ency at ti~e Yortsaion.
` 1Lst 1[ort~a~ois herebr aa~i~n„ tran~fer and iet orer to Yor~~ee. np to tbe amwnt ct the total iudebt~a
k ieeured henby. sp award~ of dam~e~. ia oo~nneetion ~riW the eondemnation oi any oi aaid property tor.pub4e u~e or for iqjary
i to anY Part tlierea~f. and the proeeeds ot dl auh awar~di. dter payment of all e+ea~onabk espe~ues u~curred. ineludin~ fee~
for sttornep repraen p'~ Yort~asee la an~ proceedins in whieh wy we6 awaid 'u made. ah,~ll be paid to 1[or~aaee to be
~ ~ sPPlkd upon tbe indebtednen bsrau~der ta aeb mwrer as 1[orttagee uuy eleet.
~ 10. 47ut tims L a~ tbe wenee ot thii eontract and no waiver ot any oWi;stion berwnder or ot ffie obll~tion ~ecured
E sareby dWl at an1 time tbareatter be beW to be a rvaiver at tLe terms hereof or oi tbe note ~e~wred UereDy.
~ 11. Witha~t afiectins tbe liabillt~ of any person (other than any peraon relea~ed puisuai?t herito) for paymeat af
aay indebtednas secured herebr. and witbout affeeting the prioritY or ea~tent oi tbe lien hereot aP~ Y P*'oP~r ~i-
~ lieally relea~ed paraunt hento. ldorttagee may at any tiras ~od irom time to time. wit~w~t aotice witlwut lunitation a~ •
b anY le~al rieht or privile~e of 1[ort~a~ee:
` (a) Relea~e aar peeson Ilabk for payment ot anY indebtednea~ ~ecured bereby: (b) ~ tbe time or asree to
~ alter the ternu oi payment ot aay of tbe indebtednesr (c) Aceept ~dditioaai security ot aay kmd; (d) lcaae any property
~ ~erurins We indebtednea~; (e) Cowcnt to !be c.raation of any eaeement on or over tbe Dremua or any eovenant~ reatrictinR
~ue or oce~psaey tbeneot.
k 12. To dul~r periona. oompl witb aud abide b~ eaeh and erer~ !be stip~lation~. eaditio~ ud eovenaata in ~aid prom-
IMOry aot~ and in tl~L nwrts+[~ Nt ~ostb.
5 is. As additional ~eeority fha 1[ortsa~on do bereb~? trander. aa~isn aad set over to We said l[art[a~ee. iN wece~-
~ ~on or any ~nd all rents aow d~e. or to beeome due on tbe abors dercribed W'emi~e~ or aay ~eparate rental premi~s
~ ap purtenant thereto. whie6 sre situsted on tbe Wd above ~aeribed• weA renta to be eolleeted br or at tbe diieetion ot tbe
![ort~aRee. its sueenwrs or aasiltns. and tbe net proeeed~ tberaot to be apPlied to the indebtedney he~einbetor~ ~eeured. a~ and
~ when tiN sanN ~hall beeome ~e ud payaWe: and tor tLe purpwe at arryins out tLi~ proriaion the Yort~a~o~ do by these
~ Preaenb, eoastituts and appoiat ~sid I[ort~ee~ ot the ~uceason or aaa~as a[ tJu said ltortaasee. a~ hii. ber or tl~eir trne
~nd lawful attorney-ia-faet, to oolleet anY wd a11 renti !or a~id ~bove de~eribed P~. ~p~7 wtbotisinR the Yortta.
~ee or ib weeeawrs or assi~ to receipt t~nan4 thersfor. snd do by che.e prnen~ rsiify and eonfirm any and alt ae~ o!
~aid attorne~r-in-tut ia celatioa to the fony~oins power.
. ' Bo~~ ~109 F~ 257
,aM MO. ,.h~ .
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