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S. T4~t ia eM sreot oE a ~uit belos io~titut~d w Mnclat thi~ oe~tp~ t?e IA~t~et vall b~ ~eatkd a.pplp at aa~? do~ ~u~
~uer ~o~eelown wit ~o t~s cou~t ra juridictioa t~~~ tor tbs appoiotmsa~ oE a nca~er ot dl asd d lu t1e morttassd p~ope*h?.
eE all csaar taooma? Profu~~ ~n~ua ~ cenenua cbereot, Irom Rhanorrsr wuroe dat~ed; aad ~poo~i b eereer e~~a.b oo.eoaocea
aod ~csed tbt tw oourt ~Yaln fortiwic~ appotnt suc6 nod~a witr t6~ uwsl powers aod dutia oE ceoei~cn. i~ itb c~a; aod ~sid
poiaemeoe ~Yall b~ auds b~ tbe oourt ~sor tn t6e w~heaqr ~iwol~~ of ~Dd v~ithout ~~o t~e a~dsfq~s~«s
s~ue?~
«~d
.t T~~t
~alus ot tM properR~
Mo~c~a~o~ ~ereb ~pec,~r~~ ~¢t a objea es t6e appotatmeat of a raet~er ~ af~aaid \ereby aprwl~ ooiuena t4st ~nd~
appoiat~t sbai~ bt ~oade a~ an admttad equip and as a maner of ab~oluce ~bt ~o tM Mo~a~e~ aad tbu cbc wne ewy be doae wicba
aot~oe ~o tM Ddo~ts~.
11st If W Proeeedinp ~ouW bt ~ apiwt tre P~P~V oo~end by t6i~ aooct~e uPona~,~ other lim or elaim wret6e~
~uptrier or Juaior w tLe liea of t4i~ tb~ lRo~tsa~s mq n ib optioa imrntdisteb npon ia~titutioa a~ w~er snit or durlo~ ~e pead-
•
eac~ ebereaf declus tYi~ ~ snd t~c ebtedaar ~eeaced ?anb~ dw and ppabk fo~thwit~ ~ad m~? at ia option preaid eo toceelat
t6is ~aortsase.
7. To pay all and lu c6s oo~ ta~„ ch~rta +~nd aPena of e~a7 kind. todudia~ tbe oat o~.'° sbt~ct ot ack ro.aid land~
fouod to M oou~eaieot ot e~eut ia oonnectioo witr.aqp suit foe ese toreciaure oE t~i~~ aod aMo ioeludin~, wYet~e~ t6e Mo~a
u obUpad ~o pa~ wne or aot. tason~bk u~ornry~ t~a ioeuned or apended u ml? t~me el? tes No~ee beawe of tre hilure c4
1~Ioct~aau w per[am, oanplp w[tti aod abide b~ aU w aa~r of t6e oo~enana. oooditioa~ wd ~tipulatioo~ af wid p~adwoh? no~4 oe t~ia
~in c6 foreclosure ot t!hmo~a~e aod In collaean~ tLt naounc ~eeured 6sreb~ wit? or wie~one lepi prooeedis~rr ~od ~s rd~i-
bune t~e Mor~a~ ior e~rep pa,~~ment made or io~wned tor ~a~ wc~ purpae wit! L~tecat fi~os dat~ ef eve~ we! payoent st tre nte ef
~t~ Pa emt (s'1~) Pa ~ P~J~~ ~d oeli~atioe~, witr Inucat tLa~eos a~ sto~aatdr ~all be ~ecne~ b7 t~e lies ~ereof.
t. Tb eM bniWiot or b~ eow oe l~enafta aa aid land taruted ~ ioM o~ da~ea~e b7 tI?+, ernoded co~erase as~
othec perih, iae~ war ri~t inwras~e t a~dl~ble, in •~um ~aot ka than tbdr fu ! i~nrabk ~due at ttie aat aod ~peo~e ot tLe Moft-
~a~or in a oaopaq~ or oompaoia appro~ed b~r the Mo~ajeq tbe P~k7 a Polieia ~o be !dd b~r t~e aod wc? polier or potiaa of
insuraaa s6a11 han affi~ed tLere~o a Standard Nsw York Moet~a~ee Clau~e, makins all las o~ foaa ~ poliep or policia ps7abk to
~he Moc~ as its L~terest ma7 ~PP~+. aod eo deii~er aid pol~ o~ pdieia ~o tbe Mor~s~ce wtieu iaued with t1e ~eeeipls for t?e pa7-
ment of pre~aiwn eraefor: and in t6e e~ent an~ swo of bceames Pa able uader suee polic~ or polides. tbe Mort~ssa rball 6a~e
tbe option ~o r~ed~e aod appi~ tLe same ou aooouot of t6c indebte~na~ secuced ~reby or to pcrmic tbe Mortp~or to recei~e and we iq or an~
put trer~of tor ot~e~ purpaes. ~ritbut therebY watrios ot impa~rias aq1 equit7. Um or d ~mder or br tistue of this moct~e• and
che Mortsatae ~f it duar aeawr7 may pI~sa and p~y toc rncb imuraooq or soy p.rt !..it6onc lain~, wd~ins or afka,ns ~foet-
optas to foccclae tor breael~ o~ tW~ omrenaoy o~ anr put thcreof. or aar o or opnoa unda t6b moresa~, ~od c~err snc6 WT
m~i6a11 bcar ineerat fmm dm c6er~of natil paid a drc rue of d~t per «at pa sonum. and all we6 paymeob wi~ intera+t a~
afore~a~id s?all be ~eenred b t6e Gen 6ereof. Is t6e ereat ao~ loN or damase b w~fered Mo~tp~or f`sll uodf~ ~ee of a~ IoM or
dama~e widuo fort~-d~t ~N) bua ahu tLe 6appenins d~aeof; t4 lailore to sioe we6 notke ~hall comdtute a defau and tie Moetp-
gee s~all La~e tLe ti~Lts 6erdn p~en for ap defanla.
To permit~ commit or ~nfkr oo warce aod 1a maintain tee impcorements u all tima in a ~tate of ~ood npai~ sod aoaditioa: sad
0o do or pennit eo be dooe ~o said premiu~s n~otrins tdt wiil aher or ebaose t6e we and ctiaraeter o~ sa~d properer or tn asr wyr impair K
weatea tbt sec~rib of aid mor~e. Ie es~s of t6e refu~al. aeslea e~ iaabiUe~ of cbe Moct~aDor ~o ~epatr and mainaia saidpro
Pe~t~r. tbe
mar. at Its opfioo~ make weh repain or ew~e tre saime to be made and ad~ana monia is tlat behdf whie~ wims s6a11 be ~ecund
by
tre~l
m~f aod bar inarac ~c tbe rue o! d~t Pa cenc (19G) per anou~.
10. To ddi~er tbe abtraec or abtrub of thk oo~erio~ t6e ~ prope~t7 to Mor~a~ee or ia dai~nmd ssa't~ `~hKb s6a11 at
ali ti~na. dudn~ de life of thi~ mott~a~e. resaiu in tle po~naon eE the et~a~ee and in t~eot ot tbe toceclaure ~ t6is ~a~e or ut6er
trausfer of dtle~ all ri~y titk aad intera~t o~ tLe Mortp~Or ia aod to an~ sncti ab~aet or ab~trads of ettk ~haq pa~ ~o the pureba~ oc
11. 'lbat no w~ita a~u,~ oo~mant Lerein or ia ttic oblipdOD tetor~d bereb7 s6all st ae~ t3st Leraiter be reld to be • Rd~K d
aoy ot t~e otrer ter~ns l~ereof or a[ t~e note ~ecured 6enb~.
IZ. T6at Is order b aooelerue ttie m~toriq a[ t6e indebadaew tiereb7 iewred beeaise of tLe failwe of t~s Irlorcp~or ~o pa7 sny as
areameot, IisbiUt~, obliptioa e~ eae~mbraoes aroa sdd p~o~ay a~ rerdn pm+ided. it ~hsll not bs oeoewrf aor ralubiee t~ac tbe lrlorrp~ee
sAall tint pq tie w~e.
is. T6at If treMort~s~o~ ~idl fdl~ ne~ka or refae f~ a period of t~trty (30) da~s fnU~? aod PramPd7 ~ WT che aaoounts [N
quired ~o be patd b~ tre no~e iereb~ ~eeaetd er t~e iateraR tbe~ds spedfjed or ~nl of t6e swr oE mooe~ ktein referred to or bersb~ ~
cvred. or ot~erwi~e dnl~. lntl~ aed 7 b PKfona, esecu~e. ao.~y witr and abide b~ eaeb. ever! or ao~ of tht oo~enann. oood~tioo~
or stiy~~ of tLis ~ott~, die oote 6eceb7' seeared aodlor tie ooatruecioo bw apeemmt. it an7. t6en. ~od In dt~er er ln
anr o~ wcti e~eat~ witMnt notles or ~trc aaid~ep~ sm~ mmtiou~d io said pcomi~f nae. Ica~ Pm~ W7~ ~
an~ aod dl s~ mmtiooed lereia or seeured bee~eb7 sball beoome doe aod ps7abk fo~wit~ or t~ereaftet at tbe ooodnWnsopw~o of etie
Mortpiee a~ fnUy aad oompked~ ~s i! said a~ue wms were eripnall~ ~tipulued to bs pdd u~L ti~e~ an7thiot in said rnmiron
note or hereia tn tLe aoot*sr7 ' aod tbe Mat~x ttiall be ea~tled tbereopoa or tLereatter witLout nwioe or demand eo ia-
stitnte wit at Isw or In to en~oroe tre of c6e Mott~asce tiereimder or andcr said promis~or7 note. Ia t!e e~eot of ae~ defank
n
or be~eac6 oa ttie put o~ or under ~aid proo~ nae. tLe l~Iort~s~ee s6s11 6rn tDe oootinuins optioo to eaforoe
W7~t oE all wor ~e~vred `ereb~? aeBoo at law a~b~ wk in eo foreeiae tbis moet~e, dtber u~ botb. cooencreatt~? or ut6erw~e.
and ooe aedon or suic .6sU ooe abate or be a bar ts or w~i.er oE tLe~at~a~ee'• ri~c eo imtieuce or maintain cre otLer, pro.ided .atd Noec-
~ p~ec sball ba~e on17 ~ P~7~ aod aeis~aetlon of uid IndebtedoeM.
E 14. T6at In tbt trest tY~t ~~~shsii (1) oonmt eo t6s appdotime~t of s teoei~er~ tnrt~e or Uquida~or oE dl o~ a sabaotid
t part oE 1?~srtp~ol~ a~ati et (Z) 6e ad a bukeapt et ~eoe. or Sk a~ol peehioo in bsotrnpa7 or admit in wridns i~
i ai ab~'Uqr te pq iu debts r t~ bec+omc or (f) ma~e a~eseral a~i~ ~ot ttis b~~t oE aeditas, or (4) ~k s paition or aoswec
~ ~ witr erediwn, ~~o take ad~aata~e of an~ i~oirex7 ~sw, or (S) Sk an ao~wer ad~Edni t~e ma-
~ b7~14~tp~~~~°~ tLe Moce~a~ in aa7 ~~P~7'. ~s~ ~~1i~7 P~u~ or actioa sball be
E fo~ t6e purpae oE sff~dns sn7 of tbe fa~o~in~ or (7) aar o~der. 3ndOnenc or dcsree ~all be eatered npoa ao
~ appiieatbn of a cr~dimr ar b~ a oonrt of aompeteac jnridi sppro~ios s peeidan ~eetias aPpoiae~eat oE a reai~er or tru~ee
of dl er a wb~andd pare o~ cLe s aseu asd sneL order. j~d~neat or decres s6ap aootinoe mw and in effea f~ an~ period d
~ t6[eqr (!0) ooa~etudn dary, the ~ ma~ deelace t6e note benb~ ~ccnrtd fott4wit~ dne sod parib~wbereuopon t~e prindpal of snd
tbe internt aoeroed on erc noce and al otrer ~uae~ `eceb~ seeured s6sU bec+ome fattiwitti doe aad p~Tabk a~ i~ all oE tLe s~id sum~ of mooe7
were oripoall ~tipolated es bs paid an wcb da~: aod eieteuPon tbe 1~1ort~ee witLoat noelee ot demand ~ proi~cote a sutt u la~r and/or
i e eqaiq as i~ all moaia sxowd bereb7 dd mttnr~ peior eo !b ia~dtatioo.
1S. T6at t6t 1~fo~tia~ee or aop PR'~on a~o~d tie No~[~ ~ wse tre d~t b eaur opoa sod intpeet tre mortp~ed
premiw u ail e~saooabk dmea
i`. Th.c aa~ wm or .um. w~ mar be ianed as ad.anosd br e6e 1soe~ps~s e~ etie l+toe~s•a~ a.nr etme wir~in ua tio) nu+
froa tbe date of t6is indeaturR, ~er witb interat e6er~oa at t6e rate ~r~ed npon at eM time of wc6 lan or ad~ano~ ~6a11 be eqnaill ~
cursd wie6 and han tbe aos prkrib ~ tM orldnal todebo~dnw aad be wbj~ ~o ~11 ttie cerar aod~~~ o~ tms mort~e: pr~i~
cbat t~t a~pepce ~momt o~~d
pal oueaodtns u ao~ time ~11 not esoeed an ~moont eqnal to ooe bmodred and fifty per omt (iS07G) oi
cbe priseipal amouot ad~~naib ~ecored Lenb~•
17. Tka~ t! eeqo[eed bf Moet~eS ebs sda 1~lort~or wlll p~ mb ttie 1rfo~tia~ ae t6e Snt da~ ot ac6 and e~eq oon~earti~e
ao~oocb~ a su~ eqwl w ooetwdit6 of ~re ~nnnal amoua~ neoanr7 b pq dl ~ta~es aod ara~menb aPdart t6e aid mortp~ed Premisa. sdd
moatby smn o0 6e aamaeed atd7 by Mo~ aad eaknlat~d 1o be ta amo~mt aot IeM tbao t~e amoaet of t~a a~cMCda~a~t ~dd mort-
her~dn for
~ paymeat of~~nsa ~~nd~ u~~es~ab. a11 io~araaa peaoimw in maoaer sad fo~ a~ pro~ided
~ Tbat in t~s e~mt tw lo~n w5ki eN~ r ~iwa to ~eenre i~ aud~ ~er t!~ eE Ss~odoi de6a t~e ooa~auqioa
~m~pp
of ww bdidiap oe tM aoa~ecucdoa af impev~
~i~ent~ asd/e~ ~ddtdom to Mdldiapr tY . if b~~~~~
of-tb~ fosa~ina ~t
m~bl wouo~ r
d~~d~ bp ~a~ ean ao~oou~~~
oos~t la ~aooe~
daoot
~ tG plaa~
~ad speeifiea8oo~ Mre~o~er~ ~d b)? t6t 1Roet~e ~oda~p
eond br tbt Koctpp~. idd ameont ~ saief ~6a11 b~ Plsoed bp t~e
Mort=yee in a"Loaw ia peooe~ Aaoous~" ia tbs naoe ~f tw ~ortP~or. ~nd tL~ ame ~11 b~ wed b7 t4 ~oetssps ~o Psf t~e oae,
t6ar~ asd apea~a iaenrnd ia oonaetlou wk1 ~aid ooa~eroetM~b petor Ia ~~~et eib lon. It b fnrt6er ~Qad etiat In tbs et~at
•dd oooarueetau b aot fnih? aempleted os oe baton eM ~toe ~t~sa t~. t~s Lom o~ in trs ennt that etis w~et o~
said ooo~nxdao sbali ads bdon foli oospl~to~ ~od a~eb eawdao ~~aU aoodane ior a peskd aa (10) or-M ~ob~rmd~l oo~daoaM
pev~n+M ~11 not bs mad~ in a~ ooo~ana~. eb~a ~od js a% ~ t~at t~t ~id ~epte a~ PdodPV~ ~ meatiooed !o ~td
prosi~ aoce~ ~nd ap moofa rxured ticceb~ ~bsil beoome -dw aod ,yabb ~whk er tierwt~ at t~s opba oE ~dd~o~tp~ec . aod io
tbe snat of akh oa~adao oE work upoa sdd aoo~ecuaios fos a~erloa oE ao (10) da~ or if w~aotid aont~aooir prop~ew rhall not be
iaade ia soe5 aooaroe~oa. a aforeatd. tbe mq at ib eptioo e~er ioto and npon tLe q prmixa aad eompkte wid ooa
~truetioo in web maoar ar it deaa~ ~d~i~abN~ wi c~a7 ioeerfesmoe Eres tM 1~er~or: t~e ~dd 1~x benbl' d~i ~ R~ot
ro t6e Moet~a~ec fnli powa and antborit~ a mate weti a~ iaw ~od opon aid oo~t~a~cdn~~~ pemisa, ~o eate~ inro wcb coocraea oe u-
ran~mveno M mq be ~oa~ar7 ~o oompkte said ooo~tr~etio~, aod 1s apead o7 mooia d in aid "Loa~ in PeoaM Aoo~ou~" ~nd
in addieian aap nuns of ma~ef neoa~sr7 to oompka aid aemeroatao: ~nd ao~ aod all moaia apeoded b7 ttie ~Iortiatce iu coaaeedoe
wicti socb oanpleeion of oomtroaiae ia esoew of ebe monia in ~aid "I.oad ia Proaw Aoooune" r6ai1 be addsd ~o tbe nid prineipai debt wd
a6all draw interat at tfe tate pro~lded in ~aid ~oo~or~ note, ~nd ~di be kenred by tLi~ mert~ase, asd ~6a11 bs pa~able bp ttie Moeisspt
~ soo~ 149 ~
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