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S. Tbat io t?e e•eac ot a ~uit bdns tmeieuted b Eoredas ttiFs moct~ tM 1~~~et ~lall bs eotickd to appl~r u ~a~r ti~ne durio~
~ueb to~eclaun ~uit ~o tl~e oou~c saru'~ jurisdiedoo tle~f for ebe sppoiocoeot oE a ~a o~ all wd do~ulu ebe ~aoet~a~ed properqr• sod
oE sll reat~, inooma, profib, Wup sad rsreoua t6ereoE. caa RAaaoe~c~ souew dai~cd; aod tkereupoo it it ~crebr upreply oo~taanted
and ayr~sd tlst tbe eourt ~hall fort6witb appoint such receiver wit6 tye uwa! poRCn sad dutia ot cxd~ers. in lib caa: aod s~id ap~
poiacmeoc ~hall M~oade b~ che ooun u s maaer of striet ri~hc eo t6e ~nd aitLout rshra~ce a the adequaq or taadequac~ ot cre
~alut oi tbe pe~opay Le~_
! mort~cd~ot to t~e solreAe~ or itaol~sne7 o~E oe ao,~ at6e~~r defmdaat to sueb wit. T6t
Mon~a~or receb apeeificallr wu~a ~ d~6t a object to tbe appoint~eot of ~ ~rn~er a..foraaid snd ?e~ebr apra.l~ oomeab csu we~
aPPoinemeat s6s1~ be aade aa an ada~itted equiq aad as a matter of abwluet ~Yt eo tM I~o~a~ee aad tDat ebe wne mar be doos wit~out
ooeia ~o t6e Mo~a~oa
6. 'I'6at if W P+~oeeedin~s ~LouW be imdtuted a~aiu~t tht properqr oo~end 67 th4 nwrt~~e upon aq~ ocbe~ Uen ot cl~im w?et?ec
~upe~ or iunior eo tbs Bes of t6b more~a~ the M~o~t~a~es. mq at ib option immtdtateb upoa iwacutian oE ~ut6 ~uit or durin~ tre pesd-
eoc~ cbueo~ dalue c6» morc~s and tbe iad~ iecured ?eceb~ due aad pqabk toet~..ie6 aad ma~r a[a opcion peoc~ed eo foreclae
chis mocy~aga
7. 1b p~r dl sad da~ulu t6e oat; fas, c~4r~a and atpea~a of t?M? ktad. iadedios the ao~t of an abttact of atk to said land~
found to be ooa~eaimt or t~cpedieat Ino~n
ection wltb:ao~ suit fot tbs foreeloaue of t6b~~ aod al~o Inclndie~p. w~etber tbe
is obli~ated cops~ ame o~ not. cea~onabk steoene~'s ~Eca ine~rred or a~peoded u W tUae b~ t6e ldatfasee bxawe of eLe hil~
Mo~ ~o p~ [orm„ oanplp wIt? aod abide br RII or an~ of tbe co~eaann. cooditioos aod ~ipulatfoos of aii pradsory note~ ur dds
+no~+~e, ia t6 foralaure of tWs mort~e aod !n ooUecdns tbe amouat teeartd 6ereb) wttr ar wit?ont kpl proocediaq ~sd oo rei~-
bune tbe tor every p~t aade or iacurnd for aa~ sa6 purpwe wit4 iaterat feoo da~e o~ eneep p~ p~ment at tbt rate of
ud~ P« Pa wci Pa~'meot+ aod obti~s6ao~ wi~ lsoerat t6ereoa as sforaai~ ~6sU be ~cund 6p eDe lten 6er~of.
R Zbt~ t6~ boiWins or Md now or ~eraEKr oo said laod iswered Ias or d~nnP b7 SrG ernndal oo~erase aaa
~ Dmb, io~ludia~ wu risk tnwcaoa~a~ailabl~ tn a~wo 'oot las ~ao tbdr tuil iaanaWe ~due at tbe oat aod e:peme of t?e Mon-
Qa~oe in a aao~an~r or oompsnia appro~rcd b c6e Mort~~ce. tre potte~ or potida to be 6e1d b~ tbe Moc~aad wcti polie7 or Polides of
uosurance s6s11 bane afRzed tbertto ~ Stand~ New Yort M Clau~e. ~oakin~ all lo~ or lo~s under oe
c6e Mo~a~e as ib iaterat ma~ appear. and eo deli~ec ~aid o~ P~~a payable ~s
meat of tbe ~ Pd~a ~o tbe blortp~cs wtien jaued t6 d~e r~capb fo~ tiepa~-
pcaaiut~ therefor; and ln t6e e~au aar ~um of bcroma aWe undes sueb P~7 0* Po~a, ~Lall bare
t6e optioa ~o reoeire aad applp t4 wse oo ~ooouot of tbe bal~~ ~eeured~y or t~o permit tbe Mort~or ro reaire and we iy o~ an~
W+t t6er~of. tor ot6er purpwe~, witLout therebr wai~to~ or impu rint W eqnib. ~ea ot ' w~der or br ~mu o[ tLis mort~aae• aod
rbe blottga~a if it deems ae~aq may pl~aoe and p~? foe wch im oe W P,ut ! whrout laio~, wd~ins or aHee~n~ ~+Ioet-
Q~ee'sopnoo eo ioebelo~e for bteacL of t6i~ oo~maat. or W paet tl~ or aq~? n~6t ot opewn uoda t6b mort~ate, and e~eq we1 pyti
mau s6a11 bea~ intecat f~vm dace tbereo~ ~artil p:id u tk rate of ~t Per aot (t9fr) pa annum, aod all t~
aforaaid t6a11 be seeueed br tbe lien 5eraoE Ia d~e e~tat ~ lat or P~ wit? iotKat rt
damage wit6in tort7-d~t (4=) boan aiter t6e bappeu~o~ theraot; t4 hi~ eo suffued Mor~s~e tlsU ~mtlf~ ~~tee of sne~ lor ot
gee sba11 bsre the riaiw 6erein p~en foc ap defanlb. ijn sue~ notic+e s~sll ~oo~titate a defau& aad ebe Moreta-
9 To permiy t~ommit or ~uNer no wa~te aud to maintain the imp~o~emeob u all tima ia a~tue of ~ood repair aad oooditios; wd
0o do o~ t eo be dooe ~o said premi~es not6ins tLu wili ahcr o~ cLan~e tle n~e and t6acscter of ~aid properqr ~ in an~ wq impatr er
..eatm ~u~euciq~ of said mott~ IQ es~e of tbe nfwal. ae~lea or inabiliq of tbe Mottp~or ~o repai~ and maintain aid~copat~r. tbe
b
c~U'~en 6~erreof aad be~ar~interac~ at~the
r~ate of eis6t ~~j
~~e ~ ad~ana mooia ia tfat be6df whic6 a~ms s6a11 be ~eeured
10. To ddi~er the ab~uaet oc a6~trates oE title eoretiu~ tbesoet~~ peoperty to ~or~ee o~ je~ dpip~ated a~eat~ n~id~ sball at
all timeti durin~ ttie life of tsis rao~aje. remain in the poMewoa of t5e Dda~etp~ee aod ia event of tbe toreclosnre ~ tWs awrt~a~e or aber
craosfer of title. ali ri~6t. titk aad ioterat o~ tbe Morc~a~or ia sod to ~ w~h a6~eract or ~traeu ot tide ~h~ii pa~s ~ t~e pa~ ~r
eranae.
il. T6at no waiver o!an~ co~eaant kteiu or in t~e obli~atko sannd receb~ ~aU at a~p dse rerafte~ be held to be s wd~er e1
any of tbe otber term~ ~aco~ ~ of t6e note secured ?eeeb~.
1Z That in order m aaderate tha matnrit~ of t6e indcb~edscr ba~shy ~eeured became of tbe fdluee of t~e ~o
a+seamau. lisbitit~. obli~stiaa or encwnbrance qpon sald pnigaq a~ her+eio pnorided. h stiall oot be oeuNary aor requisite r t4w~~
•baA firit pay tLe saoe,
13. T6at if t6e Morep~Or tbaU fdl, ne~fea or refu~e ~x a period ot ttittt~ (f0) da7s fuUp aad P+~P~7 ~ W7 tbe a~o~mb e~
quired to be paid by tbe oo~ tiereb~ ~anrcd or t6e iotaat t6ade speeified er aop of tbe sua~ af moory ra~dA ~Eared to or beab~ ~
cnerd~ or oeherwiae d+dj'. faltp and P~~7 m Paf~4 ~euter eem~r witi aod abide by eae6, r~er~ or anr of t6e osveeaoh~ conditiea~
or ~tipularious of d3~ mo~e, tbe p~omwor~ mte 6e~bl? ~eurod asaJor tYe oomtr~aios {oan s~, if ~nl'. then. aod in dt6et er h
anr of s~ era~a, witbout notia or demand~ the saida~e~c snm mwtiaoed in »1d Promi~or7 not~ la~ P~+~ M,7~, ~ m1. ~
any and dl sums mmtioaed 4erein or ~eeurod 6ereb~ s6a11 beoome dne aod puaWe forttiwh6 or tLersaftet at tbe oawnniatop~ion of tre
Mortp~ee a~ full~ and aomplddy d if said aq~te waos wae oripuatiT stivnimd ~o se paid at sne6 tuaS an~tbins Ia r~d prrmiMOt~
nae or La~eia to t~e oootras~ aod d~e Mortga~ee ~iall be a~eftled tkrenpon or t~ecatur w~ehout notiee or demand ~o in-
stieote sait at law or ia~qmt~ to enioroe t6e of tbe Moe~a~ee ~ or nnde~ said promiaoqr ~ tn tie eveot ef a~r de~anit
or breacL m t6e put of tbe trtart~a~or 6a~or undtr ~aid P~om»~o~' aote. tLe Mort~am sbaU La~e the ooatinnin~ option ~o wforoe
pa~ment of sll sum~ ~ecured 6erob~ b~ aetioa u law o~ b~ snit ia ~ to foreeiae c6is mo~, attia or botti. aa?euneaclr or ocbawi~
and ooe aaian or suit sbaU na abate or 6e a 6ar m or w~rer d tis ~rt~a~ce'~ ris?t oo imdtute or mainuia t6e at~er. p~o?idcd »id Mat-
e~re ~6a116ane adr one Ps7uomt snd sa~faajon of uid indebtedoes.
14 ~u ia tbe ermt t6at r ~ball (1) oomeat m tbe appoinnoent ot a raei~u. tnstee or Gquidaeor of all or a a~al
part o# Mortp~ot~ sweer~ o~ (Z) be
ad~cated a bankrapt oe ia~ol~ or 81e a~olu~ar~ paition ia baotruptep or admit ie wcidns Id
inabilitl ~s pa1 ib debts as die~ b~c~o~st ~ae, or (3) mats a paetd a~i~meet fos t~e bmefit o~ crediooes, or (4) ~le a petition o~ au~wee
seeinn~ ~~~:atioo or arran~an~t wh6 aedimn, or to uke ~d~~oa~e of as~ imoha~ taw. ar (S) $k an awwer sd~tdns ttie oa-
kea b of s peBtiao fikd apiwt t6e Mo~t~a~or In aoy baokruP~7'. ~s~ ~~?~f P~ai a(~) setion s6a11 be
' 7 U'Lrt~s~os for tLe porpae of tlfecd~ an~ of tbe fore~oio~. o~ (7) .aar ocder. 1ndWoeot or deuee s6a11 be ratered npon ao
application of a ereditor oe Monga~or b~ a aonrt oE oomPaent ~~~rrbdktion appro~i~ s petitioo saldns appoirameac of a reai~er or trmoee
of all or a~n6~a1 put of tbe Mo~o~s arrcti aod sucb order. jud~meat or dacree shW oontiaoe oa~ta aod in effea for an~ period ~f
; c6irt~ (30) ooo~eeuti~e ds~ tbe btatgagce map declue t?e uote beee~ sernnd ia~tlwit6 doe and pa7ab~wbere~apan t6epn nejpal of aod
i the interat ~ee:ued ao tl~e note aad alt ather ~wns bereb~ seeur~ed ~slt b~oase foet~witi doe aad pa~abk at if all of t~e iaid •ums of moee~
~ ..en oripnsly s6palued ~o be paid an s»cb da~; and tbereupoo t6e Mortp~ee wit6ont notiee or demiad ma~ pioiecute a suic at law and/or
~ in equiq as if all mooia ~etnred Lereb~ bad matnred ptiot m? ib ~mdtudoo.
~ iS. T6at t4 Moetsssee or aoy pasoa autLoeited b~ t~e Moct~ee ~6a11 ia~e the rialt bo eater npou and intpect t~e mo~ed
~ premises u all renooabk :ima.
~ 16. T6at aa~ wm or su~ wLkh mar be baaed or ad~saoed b~ t6e Mortsa~ee eo tbe Mortp~or at anr time witbin teu (10) 7eus ~
from the date of t6is indmtnre, m~ether witb interat thereoo at tLe rate agetd npoe aR tbe time of wcL Iwa or ad~aoce. thall be eqnall~ se-
~ cured witL and 6a~e tbe ~ame priaiq ar tbe ori~tnai indebtednw aad be snbject oo all t~e ternu sodpm~ of tbis morWR: P~~,
~ rhat rLe a~pte amo~nt of principsl w~bandins a a~ time ~haU not ssoeed as anooant eqoal tu ooe hmdred sad fiftp pee omt (fS0% of
~ c6e prinejpd amo~ot ori~inall~ secuced kenbp.
z i~. Tra~ if reqoired b~ M~eG tbe aid 1~oKi,a~o~ .riq p~ o~o e~s l~o~ an cre Snc day o~ ea~c6 aod e.ery aoo.ecoei.e
~ montiti a wmcq
aal eo ane~twelh6 oE sanw! amoont neoarar~ es pq all -tus ~od araaaeab a~aim t6e ~aid mort~ed Pran~ qid
` monchly som to be atimated ald~ br Mo~tga~e and ukulued ~o be an a~uo~mR not la~ tLm tLe amouat of tua a~a~eda~a~t ~aid swt-
E Bi6~ Premiaes for the pre~iom year~ and if futtbez teqaired br Mataa~ee to di imuraaoe
f Wq? peemi~ in ~oosooe~ aad form as pe~asided
herein for tbe pa~eat of. tisa and a~aaemh.
1=. T6at ia tbe r~mt tbe losa wr6k6 thbmo~t~sp i~ p~ea to ~eeue~e i~ wade ~ t~e aE fioaodns deber t6e ooo~ao
of new buildio~s or tLe oomtroctioo o~ impeo~eme~n and/or addiBms ~o d~tius baildiap, ttie ifnq
vired 6~ tie
uprasly a~r~es ~o depwit• w1~ cLe Morcp~es or le dai~aeed asmt aa aooaot of mooe~ eqwl eop
~~ffereacs 6etwcea t6e ~p~
of tLe bsn and t6e total amo~mt, a~ determincd b7 tbe Dsoct~ee.teqadred oo fall~ oospi~oe aid eoa~tsncefos ia aooord~ooe wfti t& plat~
~ and spaifiatioos 6eretofore w6miaed b7 t~e Mort~o: aod y~/~r~ tie 1Sa~ctp~ee. 8aid amonnt of aoooe~ ~6al1 6e plaeed br t~e
f Mort~asce in s"I.oaw In Proa~ Aooonnt' ia t6e nsme of ttie ~L , a~d tre s~me sbtq be n~ed b~ tre Motep~ee to pq tLe eo~b~
; c6ar~a snd ~peaKS i4cnrred in oooneaioo with ~aid aoo~trocw~ or b dttb oE d~it bao. Ic b faet6er a~rad tbat ia t6e ereot
said aomtrucaoa is not fult~ oompkted on or 6efare t~e dm ~la t6e C~o~erne oo Loao A~r~ or to t~e e~eaR tLat t6e work oa
i uid ooo~auaion ~6a11 oeaae before fnll oom~ktion ~ad web ea~aHon ~6a11 eoajaoe for a pesiod o
f e e o ( 10) da~r, or-if sobManBal oon8uooa
proeres~ s6a1! na be made in snei a~scnKtwo~ t6en sod ia an~ ~n~6 e.enc ctie aid a~ s+ag peindPal md t~era~ mmeianed ja said
` F~7 and all moaia ~ecnred hereb~, ~hall beoome ~ne and paTable ~eLwftL or diereaftes ~t t6e opdoo of ~aid . snd Ie
~ the e~ent of wc6 oasation of work u said ooo~trnaion iot • period of tea (l0I dar, ae if w~aotiai oootinnow
( made in ~aL oaoarnctioo~ s~ staraaj~ebe b~~~ms7 st iu opdon ent~r haco aad uPon the Pr~a +~nd~lae aid aon-
't struaiao in a~c6 manner as it deem~ sd~isable any interfaeoce frao eLe 1Soetp~r • tbe w~ beseb7 d~i ~
_ ou tLe 1Zort~a~te fuli power and autboritr to make sne6 aotq iaeo ~od apau aid mo~~ed to estet inco ~oc~ oootracb or ar~
nn~am~p a~ ma~ be neawq to oomplete said ooo~troctioe, ~nd to ~d aa~ monia ~~~~~aid "Loaw in ProaM A~ooounP ~
io addition an~ sums of moaey t~ary to oanplete ~std oon~troeeioa; and a~ aod all aaoia e~pmdcd b~ tLe Mort~aree in ooooeetion
~ wicb ~oc~ oaaplecioo of oomtroct;ao in esoea of tbe mooia in said "I.o~ir in Pwee~ Aaoount' ~6ap be added b t~e said priedpal debt ~nd
~6a11 dnw interat at t6e rate pro~ided in said praaiporT not~ and s6a~1 be ~eeared br tW~ mo~t~a~t, aod ~all be payabk b~ tre 1~sp~
on demao0.
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