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S. 11a~t ia tM wac oE a wie bein~ Ia~tituted b fenclae t~s oort~r, t?t Mortp~a ~WI Oe endtkd te apW at aa~r eims durias
~uek toeeelo~un ~uit ~o tb oouet ~a ~wi~dietioo~~~~ Eor t6e appoiotmeat of a reeei~er ot dl aod lar tbe mortp~eA peopertl4 a~A
oE aU nab. iooome~ 'roBu, i~ww ~ rerenws creraof, tcom .~Sauos.er auroe dui~ed; aod ttiereupoo~ it renb~ uprasl~ ooreaaoeea
aod ajned t?~e tM ooart sWl ~t?r?iei appoiat sue6 reoa~er wit? t?e uwal powe~s ~nd dutia oE reoei~en. is lib aea: aed wid
poines.a~ .Wl be 4ade br ~be oour~ a a maner oE ~ria ~she eo ~s~~ sod wtuon~ refaeooe a ere adea~a ~~i~s eE ~
.alus aE tit propew as ~o the ~et.eoq or iluohen4 of ti~~T.~octsa~oe o' aa~ at~et ~deEeadant ~o sueti wdt. TM
Msrtsa~or ~b ~i~r~~ rlae a objea a ck appauaaeat oE • racd.e~ i J~oraaid asd berebr e~ca~l~ ooaeaa dat ~i
appoiato~eot i6al~ be made a sn admiaed equip wd r a maeeer of abalnu ri~e a tl~e 1~1oetp~es aad t6u tre wss bt doo~ ~.it~air i
notiae eo tM blortsype.
'I1u if aa~r ~ocroediop ~ould b iwdtuted apiat tM pcopa~qr aovese~ b~ this socep~e npao ar~r ottier Uen or claim w~et~a
superios er naioe eo tM Wa o! t~ tbt Moet~a~ee mar at is optioo itaen~d~ateb opoo Idtitutioo of suer suit or durin~ tre pend-
~s ~ declue c6i~ more~a~e aad~ebadnw ~eenred ?asb~ due aod pqrabk torc?wicl sad mq ~c Iu opcioo pnoeed a tonelas
~
7. To p~ a!1 and lu tLe oowr ke~, d~r`a aod szPea~s o~ evap kio~. iadudin~ t`e oat oE ao abaaet of tick ~~aid laoi
found to be oou~enieot or e~mt in oonoecoaa wit6.aqt swt hr tM fo~eclosurs of t?i~ and alp indudia~. w~ tA~
u obGpued eop~? wse or no~ rwooabk atoorneys ~fea ~ac~rred or apeaded u W ~ Mo~ee beame oE tie faitun~
w~~
[oc~ey oanpU? witr ~nd ~bide b~ aU or aa~ o~ tre ce~maoa, ooadidoe~ a~3 ~tipulatioo~ oE aid promtroqr so~e, or t~ia '
aa~~ip foreclawro of t~ mo~~e aod ia oolkeda~ tM a~ount ~ocnred ?enb~ wit~ or w[ttio~t Ispl~p~oo~di~p~ ua t~ r~i~i- ~
~l'k Pa a~ Pa
uoa~n;~ ~aapyme
q aod oblipeioa wiJ Lte~
r~at t~erem ataada. twU b~ieenced ~~~liea lereof. ~ i
~
i. 1b t~e b~di~ wn ~
b~dWi~ e~ esw oe ~eraker oe wid laed Iwnred lo~ or d~aa~e b~ Qrq ameaded oo~era~e a~d ~
a5er pai4, iac~ wu ri~k inunws if anailable, in a~as oot ka t~an thdr luil inanrsWe ~aloe st t~e oat asd apeae of ttie 1~lo~t ~
Qa~or io a oaapany or aosp~nia appe~ed br tLe Mo~tpsse, tbe polier or polieia to be held b~ t6e blo~~ aod soc~ polic~ o~ poHcia oE
insu~ance aksU have af8~ed ttiere~o a Suadatd Alew Yorlc Clau~e, mskins all low or iohes under s~~or P~p W7~k ts
e
the bsort~a~ee a~ ib i~ten~t mar appeu. ~nd b deli~ec said a~ poticia ~o t6e Morepsee wtiea iaued reaipd far d~epa
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ment a~ t4 pnmium ttierefor; and is tDe e~ent an~ suv of bctamss Ie under sucL polier or poliela. tbe Mort~ssee ~?all ba~e
t~e opRio~ eo roaire and a~ t6e same ao ~ooonoR of tbe L~{~a~ ~eeured bcreb~ ot ~ pe~mit t6e D~orep~oe ~o reai~e and we iti or aay
put t~eraof. tor utrer potpae~. wit~out ebeeebr wairIns oe impuna~ ao1 eqdb. lien or onda or b~ virtoe af t~is soit~ajt• aod
oo toredo~e for~braei ~f` t6blaoe and p~r for wx6 in~u~aoee, or anr put wttbout laio~, wJ~ins o~ afharns ~loit-
~ee'~o~t~oa co~eaant, o~ aq~? put t6ereuf. or an~ ri~be or opooa uader tL~ ooct~r, aod everP ~oeti WT
ment ~6aU beu ~tetm ~e~om date ~ m81 paid u t~e nte of d~t Per aot (i~~l~b) pe~ soonq, aod all we6 pqmms witr tntetat at
afore~aid ~all be ~eenred b t6e lim Lereof. Ia t6e e~eat aq~ ias or dam~e b snfhred 1~Ion~or s6st1 notjfp M~ee of wei IoM ar
dama~e wit~ faV-ddk ~N) l~n afeer t~e 6a ttienof; t~e fallore to sioe s~ wii~ s6aU ooo~dtote a deh aod t~c Morep- ,
gee s4a11 6a~e ebe risrh raeis p~ for all defa~
To pamiy oos~eit o~ pfkr ao wa~te aad to mainniu t6e impro~emenes u s!I tisa !s a ~tae ~~ood repaic and aoeditios; aod
~o do orp~it eo be doae to ~aid premi~es aot6ia~ t6u will aher or ebao~e the o~e ssd e6acacter ef aid pcopart~ or In a~q? wy impair w
weakm tre seatrit~ o~ taid mo:t~e. In cau u~ t6t refu~al~ nejket or iuaWliq of tre Mo~o~ ~o rePatc and mainqin said prop~e~r. tbe
Mortsa~ee ~nq. at ta opfioo. make axh e~epsin a~ cau~e t~e same m be made aad ad~ana mooia ja tLu bebalf whiei wm~ s6a
11 be seenrcd
by cre I,m kreef aad bar i.ae~t ac t~e rne oE d~ht pa anc (i%) per aonuv. .
IA. To ddi~a tbe ab~taet os abtraas of tide aonrios tbt sott~ed propert~ to Mor~sr,~ee or ib dai~oated a~ent. v~bic? sball u
all ttma, durln~ etie lih of thb oortta~e. reooain in ere poMeaioo o~ t6e Moet~ee ~nd in e~ent tLe tae~eelaure oE eLis mo~t~e or a6er
cra~ufer of titly all rf~y tit6e aod iotera~t of tbe Mortp~o~ Ia ~ad to u~ suc~ ab~eraet or atr
~w of titk ~hap par to t6e prc6a~ or
I l. lbat no wat~rer a~aq~ oo~eoaot ?crein or ia tLe ootipt~en secnrod bereb~ ~aU st aq~ tt .e ? ereafter be 6eW to be a nai~a d
wr of trs ~ tera~s LereoE or af tbe aote seeuted 6ereb~.
1Z 'I'hat i~ o:der ~s aoodetae t~t matnclq oE t6e Indeb~edst~ ~enbp teene~ed betatee o~ tbe hilnre of tre to ps~ asp tas i
aue~t. liabilitf. ablipeZaa er eoeusbranee apon ~dd p~opaq a~ 6erein pzo~ided. It sbaU aot be oeowae~ aer rcq~sice~at tbe Mont~ee =
~hall fint pa~ tb Wsa
,
ll. lbat if etie Mort~or sLaU hil. neska er rcfure !sr a Pe+iod of thtrt7 (30) dar follr aal promptly b par tbe amo~mb rt
quired a be paid by tbe ~ote ~~eeared or t~e interat t~eeaa sped8ed or aq~ of ehe ~ af ma~e~ leeaa referred to or bereb~ ~
cural, er otMrwLe ddR fdb a~d P~+espy b Patoem. aee~co~ wh~ and a6tde M eaeti. e~eh or an~ oE tle ao~renaot~ oooditi~oe
or .a'volatjoa~ ef tLi~ neet~ etie ~ro~ nocc ~ereb~ ~eeurad aealor d~e eomcruaioo loaa a~ecmau, if ,nr. tLen. aod in dttia or i~
aa~ o~ wei e~au~ wit6eut ssoes ar t6e saida~e wo meadooed in iaid P*~7 ~ 1~ Pm~ P~. ~ m7. ~
an~ and dt smr meat~oaed berein or seeared ~ereb~ ~iall beoa~e dee snd pa~able fo~wltb or tLereafta at t~e ooatinnio,s ~ ef ttit
Mot~ee u fuU~ aod oooplacd7 r it said ~aee smw were ettposll~ sd to be paid u sueli tiw~ sa~t6ins In aj t~
oote or rereia eo t6e ooutrsr~ ootwt and the M~ee ~Laq be tbe~enpoa o~ tLeraitet without aoiioe or desaod to ia- . ~
~rie~m a~t u law or In 1o eatoroe~~p~~a r~a of tbe No~e ~enmder or noder said promiwoq mta In t6e ennt of aa~ defsoh
or breaer m ttie part eE or mder taid p~omiNOn note, tbe l~o~tsyee ~6a11 6a~e ttie aontintue~ optioa eo enforoe
pa~mmt of all s~os ~ewnd La~ ~ctim at lsw a~ b~ sdt ia eqoiq eo foe~elae t~is oertpse, at?et er botii.`aoatarre~y or ot4rwi~
I~ and a~e actieu or wit ~hall aa sbste ot be a bar ~o or wn~rer of t~e 1dKtta~ed~ ri~t b iaqieute or mainain t6e ot~er. pro~ded sdd Mat-
! =a~ce s~all dn oob ooe pqmeat ~od ~faeaon of aid inde6~ed~w.
~ 14. ~3at ia tre ermt t~aR Mortp~or~6aU (1) aoa~eec ~o t4 appdaaoeot aE a re~ei~er~ mrtee ar Gquida~or of aU oe a wb~nodal
p oE 1~orts,~pe'~ aree~ ar (S) bc ad'odte~oeda a 6a~tru~t er io~ot~y o~ Sle a~sl~me~ peeitfoo In bantr~pte~ or admit ia writins Ie~
~ in
biliq M pq hs de6e~ ~ tie~ beoome ~uy -ar (f) sabe a~eaesal a~isomeot for tbe 6ewSt oE uedieon. ar ~le s petition or aa~wa
~ sKkint :atioa otarr~ whi c~dieow, or to tal~e ad~aoaje a~ an~ i~l~me~ law. or (S) Sk an aonrer adoitoo~ t~e sa- •
~ cerid alk oOi o~ a peeidon Skd apimc tlie Mert~or ia ao7 banauP~'~ eeor~antsatioa or ind.eaey proocedios. or (i) aetlon s6a11 be ~
, ukea bp M~rt~a~x fat tbe purpo~e of effeetio~ aay of t~e fore~oinf. at (7) aa7 o[der~ 3od~oent ~ daca ~6s11 be eutered apoa an
~ apptieatjoo oE a crsd~wr ar Mor~ b~ a oonrt of oompcestt ~'uae~diceoo :ppn~~ios a paieon ~ed~ins appoinameat of a r~ed~er or tns~ee
of all ot a wb~antid put a~ t6e Mort~ols aNeu snd soe6 arder. I'~ o~ decret ~1t11 cootinoe m~ta aad is effat fir as~ period af
i ehire~r (H) ooo~ecwi~e da~y ttie Mort~ce mq declare t~e noa ticceb~ .eaired fortrwtt6 doe and pa~ab~whaeapoe efepn odp~l ~ and .
tbe iate~ac aaiaed aa e6e note and all o~6er ~m~s rerebr ~ecurod shsq beooss ford~wit~ dne aod pa~bk a~ if all oE e6e wd am~ of sooey
were ort~inall tdpolated es be paid ao wc6 da~; aod t~ereupoa t~e l~o~ee withoat mek+e or demaad ~ pioiee~tc s s~dt u 4w aod/or
i ;n cqnit~ as i~all moaier ~eeae~e~ beieb~ ~ad matond peiK oo ib iatltwioa
i
i 1S. ltat t~e 1~ortp~ee or any pes~on a~ioeiud by tre l~oetp~et ~Lall 6a~e ttie ti~t w eater npoo aod iarpeet t~e aarep~ed :
i P~tm6p tt a11 e+wo0iblt tioef. 1
E lf. T6st ~o~ wm or sunr w61eti may be bsoed or ad~aoocd M ebe 13oet~ayee t~ ebe I?~toetp~oe ~t w~ time wieLin aa (1~) 7ean '
~ from t6e dste of t~ iodentare, to~et6er wlt6 interat thereoe at e6e rate aireed opoa at t4 tlme of weL Iwn or ~d~anoe, ~haU be ~qualt~ a-
e~red witr aad ha~e t6e stmt psiority ar t1t o~inal iadeb~eda~ aa! bt ai~eot ~o a11 d~e term~ ~rtd pev~ltiom of t~is mott~a~e: ProTI~ed~
~ that tre a~qaee amoaat of pal oubaodins at an tise ~haU aot sooecd an ~monnt eqwl to aoe h~mdred aod Rttr pa aot (15996) of
i tb° pri°dpal a4°"°t ariyaal~~'ati'red ie~b~•
f i7. Ztiat, if t~eqdred b7 tbe said ~ wip pa~ meo t4 lSoetp~ee, m tie Snt da~ oE eae6 aod e~er~ aoo~ecuei~e
~ moo~ a a~ eqwl es ooe~twelft6~imw1 amooac neoaraq a pq all •a~es aod ara~meab apiart tbe aid ~ predseti afa
; ~ r
sprami~a ior~renioo~ 7'ar. ~fa~ seqoind b~ ~N~ortis~ec to pq aU iwuraooe pemiuar m~ooer and foeo ~s p'u'?Idea ~
~ herein i~ ttie pyseat o~, ta~a and a~eMOea~.
1R Z3at in de e~eat ttie lom wliei tW~p i~ st~ 10 ~eeare i~ t~~de fv~ tLe oE fiaa~des dt~a t~e coe~rue8o~ ~
s of uew bdldiop or t6s oea~troaioa of imp~uu aed/et addidoa~ b d~ bdWiaO. d~sp i~ ~tred 67 d~e 1~6atP~ee.
ezprasy asrea ~o depo~it~ whi e6t lsaetp~es or Ib d ~~eot aa amoaot of moey paal Is tM H~noot tbe a~t
~ of tbt loan ~sd tie ootal ~aoimt. ar determincd b7 tM rt ' ea foll~ cos~MM ~tld ae~otdoe ia ~ooordaaoe wltti tLe plar
and spedfku~ow fereeodon wbsiead b~ tbe Mo~tppe aod a~p~~~
eie 1~loetjape. add mou~t oE nboa~ dall b plsced y t~e
Mortsa~ee ie a"Lo~w ia peoe~ A~ooou~" ia trt name aE tbe !i6 . aod ere as~ ~II b~ ared b~ tfe 1Sottsye~e to pa~ eM oow,
~ eba~a aa~ ~peara~ ineurred in om~ wkti sald aoa~trne~~tioo pelo~ 1~ `~baesi~ oE t~b loae. It b tardKr asreed eWt L ere e~eot
r ~a;d ooa~audioa b eot fil~ compkted an or bsioea tM dats w~ed ta tM ia~troet~oo IAaa or ie t~e eveat t6aR tie wort ~a
w
~ ntd eoowroeoon ~b Jl oau 6chn fotl eamp ~od auei caadoa ~all ooodow tor a peried bs (10) or-if sab~hodd eoodnosa~
~ pro~re~s ~6s11 aot be sade is sa! aoo~raaloo~~tiea aod ia w~ we~ ereat tre ~dd s~rep~e wmy, PrlnciP~l~ i~tee+eat. mmefoned js ~dd
g prao~or~ aooe. ~od all naaia seeuced ~ereb~ ~isU beoomedoe aod pa~abk foe~vlt~ or ttia~afea at t4 ope~oa eE tdd l~betp~eei and is
t6s e~at of aie6 oeMatioa oE work u ~ aoo~trnetloa for a*eeiod ef (10) dar, ar if ~aodd oeotinooa~ pe~e~eu ial not bs
~ made ta sueti oo~o~o~ a~ a~r~i~tM s~ at ib op~n mt.r inoo iad upoo tbe p~a and eo~pk~e ~d aoo-
~ in ~uek maooer • it demir ~d~Lab~k~~ ~ Ineerfeieaa tros t~s Ir~eetsa~or ti~ Wdd~oetp~p~t ~erebf d~i ~~oi
~ eo t~s 1So~p~ec lnll power aod aut~rit~ to mske wer mtr~ iws nd opoa aid s~tsa~d ~n eaeu inb w~ aootraeb oe at~
ran~emeae ar mq be veoeaarp eo oompka wd oo~tnrcdoe. aad ro~peod aa7 monia nmui~idd "Lwe~ in Peoe~ Aaaoao~' ~sd
~ In additioe aa~ sum~ of mooe~ neoew~er to oomn!e~t aid aoa~oetiaa; ~od a~ wd aIl moeia apmded b~ tbe 1Sorep~ee
wit6 anei oompktion of ooo~ruajoo io e~oe~ of ebe mada in ssid "Loao~ ia Praer Aoooaot" r6aq be addcd ~o etie ~aid
~ ~hall dnw interat at tbe rue pto~ided in safd peooiMOr~ nots, and ~hap be utatsd by t!i eoetp~t. asd ~6a11 be pqabk by ttis I~ppt
~ ~~x 153 8g
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