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S. TAa in t?e evenc of a ~uit bdos in~Hcueed a foreelae chi~ mo~ase, ele Irt~qa~ee ~all ee eaa~kd w~ppV u an~? t~ms duriu=
suc~ torcelaure ~uit to tbe aouct Sa~a~ jurisdlctiou tbereQf tor the appoiaaneat of a recei~et of dl andaa~u tu the mon~~i pcopat~. aad
ot aq now. ioooeru+. Profie~ ~uua aad seve4ues tbereof. lram wAaaoe~er wuroe ded~ed; ~nd t?ereupoo it b 6ercay c:prwly oo~eawced
aod aQned tkat the ooun sball fo~tLwitr appoiat r.~c6 raeiver ~rlth chs usual powers and dutia oE roai~en. ia lits es~a: sad said ap-
poiatmeut ~hall M made 6~ t6e oourt as a maae~ oE ~t~iet ri~At to t6s Mo and wit~out rchreoce to t~e ade9~f ~~~V~7 of W
~alue of tM ye~opeeq ~ec~ or co t6s al~a~c~ or tmol~eocp o~~~onsa~o~ ot an~ atLec WR~r defeadant to ~uc~ wit. Ths
~ort~a~~ 6erebr aped~r wai~a t ris?t eo obieet ~o t4e appoiaowent of • recei~~~ aforastd and 6e~ebr upeeay oauend cAu «rci
oop~xY~~tbs M
l~oct~a~or.de as an id~niaed equinr aad as a mane~ oE abwlute ri~6t ~o ebe Mo~t~asee aad t6u tbe ~ame mqr be done wit6our
T6u It aq~ proeadin~s s6ould be imdtuted a~aimt tbe prope~q aurend by tlJs mo~aQe upou an otbee lteo w claim ~betl~ee
•uperior or onior to tbe lim of tids tDs Mortp~re may u ib optioa iauaedeatel~ upoa Iauitution
~ t~ereo~ dalue t6a a4ort~a~s aad
t~ebtcdnea ~aeured henb~ due and p~rable fort6wit6 and nx6 suit or durios tLe paid.
~ ms,p at ta optioa pcoceed a foreelae
7. To paY dl aad ~ingulu the oott; tep. cL~rtp aod ezpeates of e~eqr kind, tnotudins tbe cat of an abstrut of title to uid land~
fouod to be oonrcnient or eYpedient Ia ooaaaeion with, ao~r suit fo~ tbe foceeloauce of tW~c~o~tp~e~ and abo inei~dio~ w6et6er tbe o~ee
ia obU=accd to pal wne or oot, reawasbk atco~ney~ ~ea iacurnd or upeodal u an~ dme by be Mortsasee beeawe of the failu~re of the
cw
Mor~~ ~o ~(orw~ oomp~? wte6 and abide br ail o~ anr ot cbe co•eaaau~ ooodiej.oo. aod ~ipulsaoo. of aid promisory oocq ot thia
u
mo ia t e foreclasure of t6L morc~a~e and ia oollatiu~ cDe amo~at uiecuad L.-nb~ wltb or witboyc 1e~a1 proacdiop. aod to reim-
burse Mort~a~ee for every paymcat made or iacurrod for aay suc6 p~rpae wic6 iucecat fraa dats ot e~er~ weh pa~neat u tbc rue ot
M7~~s and obli~aaoo~. wii6
ptk Pa (s'1i) Pu w~ faterest t~ereoo ~s aforesaid. ~6s11 be secueed e~ t~s 6ea 6er~o~f.
To kap eLe Mdidio~ or bui~ now or tierafter on said land insured ~ las or da~aa~e b~ fire, ernaded oo~erste snd
ot6cr perib~ iocludias wu risk [muraoae 1 available. in a~ym 'aat less t6an t6eir fu 1 imarable ~aloe at the oo~t and upense of tbe Moct-
Ba~or in a corapao~ ot oompania apptared b t6e Mortpseq t6e pouc~r or polieia to be 6ctd b~r t6e and such poliep or policia of
iasurance shall 6a~e aff~ed ebecao a&and~Ncw York Mo~tgata Cla~ne, makin~ ~ll lou or loap uader s poliep or polida pa.rabie ~o
c6e Mort~agee as ib iacecat m~r appear~ aod to deU~er wd polie~ o~ poticia eo t6c Mort~a~ce w!~ issued witb t6e meipa fot tbe pay-
m~t of tbe premium tLerefor; and ia the e~eat an~ sum utmone~ bc~+omp piyable under sucb polie~ or polieia, the Mort`a~ee s6a11 ba~e
tbe opeioo ~o recd~e aod applr t6e same on aooouot of the indebtedaa~ ~aured 6erebr or to peraiit the Monga~or to reeei~e aad we iy or aW
part t6ereof~ for ot6e~ purpo~ witjout t~ereby wairin~ at un~airias a47 Mwb. ~ea or rig6t uade~ or b~ vict~e of tbis mo~t~ase• and
the Mo~tQagee if it dcems aeceaary may laoe aod pay for such iasurante, o~ .nr wrc t6eroof! wit6ouR losin~. waivint or affahn~ ~toet-
t6ou osi .
~a~ee's opt~on to foraiae tor beeaeh of oo~mao~ or aqp paet tbereof~ or an~ n~6t or optan under tLis mort~s~e, and e~eq sue6 par
ment shall bea~ interat from date ther~of wuil paid u the cate of asht per oeat (t96) per aunmq and ap ~ch piy-meats wi~L ioKn~t as
aforaaid s4a11 be ~ecured br tLe Uen hereof. In tLe e~ent aoy toa or dama~e is ~nlfered Moresa~or s6alt nodf~ Mort~ce of web loM or
damaa~ee witLia tortp-eig6t (4f) boua aftn the hap~enina t6ereof; t~e failure to tire suc6 notiee s6a11 aoo~tit~m a dehulc and tbe Moet~s-
gee shall La~e tbe rig6d herein p~ea for all defaults.
9. To peedq oamtnit or aiffer oo ~ate aad to maintain t6e Iu4pro~emeab at sll time~ in a atate of ~ood repair and oooditioo; and
eo do or~t !o be dooe to said premises nothlnt that will atter or cbaa~e t4e use aad charaeter of uid property ~ in any wq impair oe
wakm seeutia of said mort~a~e. In case of t~ refusal. ae~ka or inabiliq of t6e Mottp~or to rspair and maintaia saId proP~*t7. tbe
Mort~agce maT, u ia op6oq make snch rep~in or eawe t6e same to be made sad ad~ance awoia in thit behalf ahkb wrm s6:11 br secured
by d~e lim 6ereof aod bar interat at tLe rate ot ei~ht Per cent (i96) per annum.
10. To ddi~er tbe abttatt or ab~traas of dtle ao~uitos tLe mort~ajed Prope~ry to Mottgatee or its dai~oated agent; ~chic6 s6a11 at
all timea, durin~ tbe Gh of t6is wort~s~c~ remain in tbe poan~ioo of the Mo~a~ce aad in e~ent cf tbe foreclaure of t6is mortgage or a6a
~nmfer of titt~ all d~ atk snd Inte~est of tLe Mart~a~p~r in aad to aar ~ueL abKract o~r abuacq of tide shall pas M the pureha~er or
gtanKe.
I1. Thac no wai~er ofao~ oo~eaant herein or in t~e obl~ation secnred 6enb~ a~al~ u aa~ time 6ereafar be held eo be a Raira of
any of tbe otLe~ terms 6ereof or of c4e aote ~aural 6ereb~.
lt Tbat tn orda oo aaderue ~he muoaq of ~6e indebadnw 6ueb~ secnred beause of :6e fiilure of ~Le Morcp~nr co pa~ aar ra~
s6al~s~em. liabilit~. oblisation or encambrance npon s~id pe~oyerq a~ hecan pro~ided. it ~6a11 aot be naawr~ oor cequi~ite tLae tlie Mort~a;se
wr ~ woe. .
13. That if tLe Mon~a~or s6aU fail. netleu or refa~e for a period of tMrq (30) daYs fuUy aud P~PU7 ~ P=r t6e amoanb co-
q~ired a be paid br ehe noce ~ereby .ecured oc tbe ie~uat tLereia speei$sd or ao~ of tbe sma of mone~ herein refereed to or bereb~ ~
eured. oe otLerw~e dW7. fnlb' ~ P~~r ~ P~. ~~p~ witr and abide br eseb, e~ery or an~ of tbe oorenanes, aood~dao~
or stipulatioos oE t6is mort~ase. t6e Prom~~otY oote 6ereb7 ~acortd aoalor the oomtcuctiou baa sgreemaat, :f an7. tbe4 aod ta dtLer or ~n
an~ of socb e~enn, witba~t mtioe or demand. the said~w
te sam mantiooed to said Peomu~oc7 note. lw
shatl become doc aad ~101~ w7~. ~~r. ~
an~ aad all sums mestboed 6erein or ~eenred 6ereby W7+ble foct6wici or c6erafcer at t6e aootiauiagopnon of Me
Mart~ee a~ full~ and oampktd~ a~ satd a~regare wrm were orisinally stipnlued to be psid u~ucL time. an in said
note o~ Lereia to t`e eonerar~ notwit6wadin~ aad t6e Mort~a~ee stiall be mtitled tbere~poo or t6ereafter witbout
n~~'x~ .or demapad~
stitnte soit ~t law ~ iu ~o mfora6the dtri ot of t6e Mort~agee 6eeruoder or ander ssid
or brea~6 a? tbe part of a~euod or under ~aid P:'°mIs~°y aota Ia t6e erent of ar.~ defank
Ps7~t of atl smm ~ernred P~~7 t6e Moctga~ee s6aU 6a~e tLe aontinwns opcioo to enfora
ern 6ereb~ aetion a law or b~ s~dt ia eo foratae this mot~e, dtber or botb, oooturrently or ot6crwisti
and o~ actioo or wiit aball not sbate or be s bu to or wa~er of tre~irtga~ee's ri`ht to imtitate or maintaia the otber. pro~idcd said Mort-
~a~ce sball 6ave a?ly ooe p~rmeac wd s~faaion of aid indebtedne~.
14. T6at in tbe e~ent tLat Mort~a~or ~L~aU (1) ooo~eot ~o tLe appoinm~eat a~ a reoei~er. mstee or Uquidaror of dl or a subatandat
of Mortptprs a~ ae (S) be adludkated s b:okrnpt or ln~olreny or Sk s rol~otat~ petition in banksuprey, or admit in wridus iu
~~7 ~ Ds7 fa debts ar t6e~ beoome daq or (3) make a~mcral aripmeot for tbe bmefit of credi~ o~ fk a pedcion or ao~wa
seddn~ reor~niutioo ~ ~e~u witb credieon~ or ~o ake ad~aocase of an~ tmol~caey isw~ or (S? fik an amwec admittin~ tbe
trresl alkptioos of a peti 'do~o
Ifi
ed spimt tbe Mortsa~ In an~ bsakrnpa~, reor~aatsation or inaheaep proceedin~ or (6) actiaa s6a11 be
ntea b~ t5e for c6e pnrpo.e of effaans au~ of t6e
, ~ tore~oin~ or any ordeq Iudanent or deeeee ~Lall be entered npon aa
appTieation of a~ ercd~oor or Morqq~or b~ s oonrt of eompeantt ~'nri~dlaion aPP~Di • P~~ ~~PP~~~ of ~ reeei~er or trustes
of aU or a wbwndal part of tLe Mort~a~or's a~e~s aad ~uc6 order, jnd~raeat o~ decro sLall oominae mKa~ and in effat for an~ pcriod of
t6i~ (30) ooo~enni~e daM t6e Moctgajee ma~ dalare t6e aote 6ereb~ secuecd forthwit6 due aad psyab 6 nbereopoo t~e prindpal of sod
tbe ~ aoeroed oo tbe mte and all ot6er s+~ 6ereb~ sawred sL~ll beaome foetLwltb dne and paTabk a if all oi t6e uid ~u~ of mooe~
were ori~oailr ttipulaced to be paid m such dsy; aad trerenpoo tLe Mottp~e wit6ont notiee or danaad may pt+oiecute a suit u iaw snd/or
ia tqutt~ a~ if all moaies seeae~ed 6ereb~ bsd matnred ptfor W ib imdtusiao.
` iS. T6at drc ~rtore~~re or enl P~~'+~ s~ b! t5t 1Sortp,~se a6a11 Lm tbe d P~ P~
~ Premisa at ~11 rea~ooable tima. ~t eo mter n and im
~ ti. Zbat +107 wm or swro wbic6 mar be loancd or ad~soad br tbe Mo~ eo tLe Mo~a~oe u anr dme wit6in an (10) rean
t from tbe date of t6i~ indentnre~ to~etber witL interat t6a~eoa at t6e rate a~reed npon u t6e tFme of socb lotn o~ adsaaoe~ ~hal! be eq~uly ae-
cur+ed t~tL aad ~a~t tbe nmt priorlq~ at t6e ocisind indebtedaeN and be snb' tn aq tbe terms and pro~bioos of t6is mortsa~e: Proride~.
' ~etp~ei
~
o~ri~,at~
.s~ecu~~ed u.n, eime.b.U na ~~`.a nmome eqa.l to oac hnnarea ane sft,? P~r «ac e1so9G) o~
~
17. T6~ if reqWred b~ S~o~ye~ ebe atd Mortp~or will par mto t~e Moetp~ oo tbe fi~st da~ of ae6 aod e~
mootb. a wuoeqnal to ooatweifth of annasl amou~ neeasar~ m par dl -asa and a~es+menu n7 ooo~ecad~e
monthly sum to be atimated sotd~ 6~ aod akalmd to be aa amouat not lew e6aa eie am~oE tsza awa~ed~~ ~
+~imt seid mat-
8=~ Pr~es for tbe Pre~iwr Teu. ~~n~er reqoired b~ Mort~a~ee to pq ~11 in~uranoe pemium~ in manoer and fv~ r prorided
herein ior the pa~meat aft tsza and aNeamenb. ,
1~. Tbat in t6e e~eat tLe baa wLicb ttibmo~tp~e i~ ~i~ea eo ~ecarc L nude for e~s ~r~o~e oE ~inaodns dtLer tbe ooo~ruetioa
of new butldinp or ths ~oo~raaja~o of impc~emeaar ted/ot ~ddidaw to d~tia~ bd ~ p l ol~ rt~or re~
aP~~1 ~o depodc• witti t6e Morep~e or ip dat~ate~l agent aa amomt of ~ , If uIred b~ t6e Matp~e4
of tLe bsn ~nd tbe totai s
m o u a t~ as daermined b
p t
6~ mOO~~ to tbt dtNereao~ 6ctween tbe net
and ~peeificsa'aa ~fare subdtted b~ tLe Morep~ot~~bp tLe f
n l b eospkte ~ d
d ooo~ruaian In aooord~aoe witti t5e plaa~
1blost=a~ee. Sdd amouat ot mooe~ rhalt be plae~d b~ t6e
Mortp~ee in a"I
oam ia Procer A~oo~" in tbe name o~ tLs ~~or. and t6e aa~e ~6aU be wed b~ tie ~ortpsee to pap tbe ewt~,
char~pes and e:peaw tueurred in uoooeetJon witb ~atd aoo~eroe
Mtbo prJor eo ~AOn~onaf tbb lo~o. It ir furt6er ~ d~u ~ tbe s~eat
:aid oomtn~tioo i~ aot fnly ooa~pkted oa or befora ttis due wced in t6t Lo~a~ or in tYe ena~t thu ehe work on
said eonxroction ~Laq oau befors fuil oaaptetioo aod sueL oaueion s6at1 eoodnae ior a pe~iod o~ t~en (10) da or-If subtanad oo~aooo~
prosrar s6a11 not bs made in wcL aookroaioo, t6w and in w~ snc6 e~eat tLe aid a~repce wm. Prindpal ~
o~ t~ote~~td, meatioeed in said
r~a ~ and a11 moo;a .ecnred berebr •hatl beoome dne and ya te i«eh,ie~ or elasafoa a~e Matsa~ee; and in
cbe e?eot of snc~ oaaeion ot worlc u aai~ ooortrne8on foe a perio~~ ao (14) da~y oe if so~taatial oontio~ww pro~res ~6a11 oa be
raade in sucL ooosuvctioo~ u sforeat~tbe mq~ at ib optfoo enter into and npon the nxKp~emifa aad oompleee said oon-
stroetio4 in a~c4 maone~ ar it deems ad~Labte aa~ interfaaoee ~~an t6e Morop~u• tLe sald
eo tbe Mort~s~ee !uU ~ ~'~7 d~l ~ i~ai
power ~od autborit~ eo mate nxti mtrf inb ~nd nP~ P~. ~ enter intor axL oootrsets or u-
nn~emenu r ma~ be neeea~arp eo oompleoe ~aid oomtroetioo~ ~nd eo rspead aa~ monia remaintus ia aid "Ioan in Yrxa~ Aeoo~mt' aod
in sdditiao an~ smm of mooe~ aeoa~aq to oomplete said ooo~traet~oo; and an~ and dl mooia a~pmded b~ t~e
wit6 sod~ eamplaioo of aoo~trocaoo in ezecss of t6e moaia in said "I~oans in Prooer Aaooamt" ~hsll be sdded b t~e sd~d
pr'~~ne~'p
doo~a
ahall draw interat at tLe nte pro~ided In said pe+omiwor~ aate, aod ~6at1 be ktared b~ t6i~ nooc~ and ~all be pqahk b~ tle MortZ~
on demanQ.
ECRY 149 ~~p
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