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S. TLu in t4e event oE a~ult bdni iwatutsd ~o foreclae this moct~e. tb 1+Iatfasec ~Yall b~ eodtkd to sppV at aay ti~as du
•ucb foreclaure suit to the ooun Aavio,~ jurisdiecion t6e~e
qE fo~ el~e appoiuanca~ ot ~~ece~~er of all aod sia~ulu ehe mo~ased propertr.~
of all reats„ iaooma, profia, uwa and n~reuua c6eraoE, fcom R6aaoe~c~ aource deri~ed; snd tDs~eupoo it b Derebr e:pres~l~ toreuaated
and s~reed t~at ths tou~t ssall twtdwit4 appoiat suc6 scceive~ wIth t6e wual poKen aad dutia ot noei~en. in liks casa; aod taid tp-
poinnnent ~6a11 be made br t6e ooun u t msae~ of uria r[Q6t ~o tbe Mo aad witdaut nfeaoa eo tbe adeqwc~ or insdeqwet ot tM
ralue of t6e properq? 6e~dr mort~ased, or to tbe wt•eaey o~ ia~ol~eney of„~onts~or or ao,~ othe~ pa~q defcadaut eo ~ucb wit. T6e
Mon~a~or Lercb~r ~pai~ieilly wai~a t6e ri~6t to objcet ~ t6e ~ppotatane4t of • recci~ee a. aforeaid and 6ener uPK..tr ooos~oe ceu
~ppoinemeat shalt be made a~ aa admitted tquiq aad as a muter of ab~olua ri~bt eo tAe Mo~ajcs and t6at cbe same may be da~e wit6ow
aotice to tDe Mo~stor.
6. T6at if my proeeedin~s t6ould be iustituted ataiat t6e prope~ ao~ered by tLis mo~rtp~e upon an~r otbee liea or claim wret6a
wpc~wi v. ju~.:~.~ ::t l::: ~f ~!~*y Meet~~gre m~t at ib optioo iauntdiately upon InKitutioO of we~ suit os durins tre pa~d-
cncy tLer~of dalare t p mort~a~e snd the io~ebtednas iaured 6eceb~ due and payable foethwitd tad may at ies op~ioa p~ ~u ;~.:o:'.~
tbis mo~age. ~
To pay dl and singulu c6e ~ fce.~ c6ar`a and ezpeasa of e.err tind, inefudin~ ~de co~e of aa sb:cracc of ade ~o .a;d land~
found to be cooveaieat or e:pedieat ia oonacctioo with.an~r suit for tLe fonclauro of t6is mo~a~e, and abo includin~. ~rbet6a t6e Morttasa ;
i. obG~atcd to pay same or na~ reawuable actocneys fea iacurrsd or upended u aqp time b~ t6e Mort=ases Oeuwc of eLe failuro f tbe
Mo~agor tope cEorm, ownply v~ith aad abide b~ ali or any of che oo.enan~ oondieiao~ sod ~dpuistian o~ said pcomtrorp aote, ot tAia
mort~a~e. in the foreclosure of thia mortgage aod in oollatins the unount secured 6ecebr witb or wit6out k~al prooeediop, aod ~s ~am-
bune t6e Mort~a~ee for every paymeat made or incuned tor tay ~uc6 ~ucpose wit6 intecaR iran date of e~eq snch pa~meut at t6e rue of
e;~6c per ceat (i7fr) per aooum; such pa7mena and oblisatioo~, wit~ mterat t6ecaon as aforaaid. ~sll bs ~ecured b~ ttie Gea 6er~eof.
R 1b tap t6e baildins or buildinp uow or 6ereafter oo sajd laad inwred a`aia~t lat or dama~e b~ Sn, e:tmdtd oo~eraEe aod
othcr pecils. ineluding wu rist insunnoe if a~ailablq in a~um 'oot las t6an thd~ full imurtble ~alue at tLe aat and upeose oE the Mort-
gagoc ia a oo~npany or oompania appco~ed by cAe MoK~a~ tbe polie~ or poGda ro be beld br t6e I1~Satp~e, and ~uc6 polie~ or aa of ;
;nsurance s6a11 have afS:ed ~ereto ~ Sandacd New York Mor+gagee Cia~ makin~ all lo~s or lomes uadu su~~ Folie~ o~ policia pi~able eo
the Moctgagee as ib interat mar apptu, aad to deli~et said policp or polieia to t6t Mortsasee w6en itwed tat6 t6e taapb for t6e pay-
ment of the premiuaa t6esefo~; aad ia tLe e~eat an~ sum of ~oae~r becomea ~arable under such policp or polieia. t6e Moct~a ~6a11 ha~e
c6e option to reca~e aod apP~7 the same on aooount of t6e inde~tednat securcd 6creby o~ to peraut t6e Mortgagor to reai~e aad use it, or anr
part thercof. for ot6er purpose~, wit~oat t6ercby w~ti~iog or im rini aq~ equity. lien or ~t uoder or by ~ictue of t6is mort~ase• and
the Moctgagee if it deems aaenary may plaa and pay tor weh ~ ranoe. or aar part tLc~eo . witbout iosio~ wai~ins or affating ~ort-
gagee'~ opcion to fo~eelae to~ ereaeh of this to~eoant~ or atUr pact t6ercof~ or any ri~ht ar option under tLis mo~tgs~ and e~rer~? suc6 pap-
t ~--'J ~L~ ..f~ wE ~is1~ w~e gMf /l961 oer amlli4 aod al~ ~ittti pajmeDb with IDtefe~t at
ment ~Aal) Otat ipterat itda osie iaci~vs i'u.::.
afores~id shall be saured by t6e Geu Aereof. In the e~ent an~ loa or dams~e is snfEeicd Moetsa~~ s6a11 notiy Mo~s~ce ot wc'a ioM or
damage wit6in forty-cigdt (4!) Mua :her tbe happening thereof; tLe lailnre to p~e suc6 notiee shall coo~titute a defauh aad tre Mocep-
gee shall bare tDe rigLn 6uaa gi~en for all defaulb.
9. To permiy commit o~ wKec no ~aste and to maintain t6e impro~cma?a at all tima in a uue of ~ood cepsi~ and ooodition; and
to do orpe rmic to be dooe to said preaoi~a mthing t6at wiii ahe: or c6aa~e tbe n~e and cbaraete~ of said propcrty or in any wa~ impair or
weaken t6e ~auriq of said mortgs~e: In case of tbe refwal. ne~lcct or in~bilitp of t6e Mort~agor to repiir and maintain ~aid pwpcrtY. tbe
bi
by~c6~e
u'SKrn 6erpeof taad b
u~interat at thettra~te of
'as6t per een
~96) ~mad~e ~ ad~aoa monia in that beDalf wLieh aum s6ai! be secund
10. To deli~er the abuact or abaraas o! titk ou~erin~ tbe mort~~ed prope~tp w Mo~a~ce or ia daiQnated sgeny ~~6ieb s6a11 at
all dmes, durin~ tLe life of t6it mort~a~e, ranain in tLe poueaion of t6e blo~ee and in e~rent of the foceciosure of t6is nw~sge o~ ot6er
cramfer of ritle. all ci~ht, titk and interat of t6e Mortsa~r ia aad to anr ~uch abtraet at abstraas of titk s6aU ps~s to tbe purch~ or
grantte.
il. 17iac m wairer of aa aoveaant Lerein ot in tbe obU~ation saured 6ercb~ s6a11 at an~ time 6ecreafter be 6eld to be a s.ai~er of
a ~o
any of the otber terms 6ereof or o tLe note seeured herebp.
12. That in ordu ~o aaelerue tbe msmrit~ of tbe indebt~dues hereb~ secuted beause of tbe faiiurc of tLe Mortta~or to pa~ aa~ tu
naa~mmt~ liability, obligatian or eacumbrsnce npoo said p~pa~ty as henin peo~ided, it shaU aot be neassart aor requi~ite t6at tbe Mort~ee
~hall fint pa7 t6e same.
13. T3u if t6e Mortgs~or s6a11 fail. ueQlea or refwe for a period of c6irqr (30) days fnUy and Prampd~ to paY t6e amount~ re-
quired to be paid br the note 6ereb~ securtd or tbe iocerat therein ~peaFied or an~ of tbe sum~ of mooey 6erein rderred to or bereb~
cured~ or otLenrise dul~, f~i17 ~ P~~7 ~ PK~R4 ~n. cam~r wit~ and abide b~ eaeh. ever~ or anr of the oo~enany eoaditioor
or sripulatiow of tLis mott~s~e. tLe pxomissory note Lereb~ ~ecured ani/or the eowtmaion bsn asreemwt. if aar. tLen, aad in dt6er or is
any of suc6 eveats, witbout notia or demaad. tbe said snm meationed io ~aid Promia~or~ aote. laa pario~u payenents. if an~, and .
anr and all sums meodon~d 6eceiu or ~ecured 6erebr all beeome dne and pa~able foct6wit6 or tLereafar at tbe oonanniagopt~oo oE t~e
Mortsa~ce as lull~ and oompldet~ a~ t! fatd a~,regate wr~ were orisinally sdpnlated to be paid at sueh tuoe, an~rt6iog in su'd pnmiwor~ '
notc or berein m t6e eoatrar~ notwitbsandin~ and t6e MortQa~ee shall be enatled tbereupon or tbereafter witbout ootiee or demaod to io-
sticute wit at law or ineq
wtp to enforce tbe n~ of the bioregagce heceuoder or uader said praniaor~ oota Ia t6e eneat of an~ ddauh
or hreao6 an t6e put o~ tbe Mort~ur Lereunder or under ~aid promis~orp note, t6e Mortga~ce shall 6a~e t6e oonanniag optioo to enforee
parma~t of dl sums seeured bereb~ br action u law or b~ suit ia equit~r ~o foceclae tLis mort~aee. atl~er or bot6i. ~cuocurreatlr or ot6erwis~
and one setion or sait ~haU oot abate or bt s bar to or wsi~a of tLe M~agee's ri~6t ro iastitute or maintain t6e aLer. pro~ided said Mort-
~agee ~hall ha~e only one pirmwt and satisfsetia~ of aid indebtedoer.
14. T6u in tLe e~mt t6at ~s ~6a11 (1) ooo~ent b t6e appd~ment of a raoei~er. motee or liquidator of all or a sub~tantid ~
~psrt of Mortsa~s arety or (Z) be ad eaced a bankrupt or iwoi~ or 8fe a~oluotsrf Petition in baakruptc~, or admit in writier its
inabilit~ ro pq ib debs a~ tbe~ bee~ame ~uti or (f) make a~saernl ~~oroeot tor t6e bm~t of uedi~s, or file a petitian or amwa
, seekin~ reoc~,wi:atioo or arran~emmt wit6 ercdico», or to take ad~anta~e of an~ iowt~mep law. or (S) fik an aon?er admitttins t~e ma-
cerid alle~atiom of s pedcioo filed s~aimt che Mor~o~ ia an~ bankrupee~. r~or8an+:atian ~ iwol~mc~ Pra~eediog. or (6) aetian s~ap be ?
caken b~ tLe Moct~or for the purpae of effatins aar of tht fore~oiog or an7 order. iud~neoc o~ daace a6atl be enterni upoo an ;
applieatiou of a e~editor or Mortgagur br a co~rt of oanpaeat 'nri~diedao aoprori~ a petition seeln~ ~ppoi~ of a raei~a or trustee
of all or a substaotial paR of tLe Mort~a~oe's as~ea aad such o~er. jud~nmt or decrce sbal! oondnue uostsyed aod ia effat for an~ period of
t6ircr (30) ooo~awti~e da~r, tl~e Mortgsgee may declare tbe oote hereb~ secured fottbwit6 dne and pa~able, whercupoo t~epr~neipal of snd
the interat aaraed oo the note aad all a6er sumu 6ereb~ sccured shall beoome fortLwith dae and pa~able as if all of tbe a~id ~um~ of mooef
were oripnallr wpulucd co be paid on snc6 da~; and t6ereupon the Morepm witbout ootiee or danand may proiaute a snit at lav? aod/or
~'i in cquitT as if all monia ~ecared 6eeeb~ hd matared prior eo its iwtitutioo.
iS. T6at t6! MoKp~ee or an~ penoo aut~oriud b~ tlie Mortp~cs ~hall ~n t6e ri~t m eater upon and impect tLe mottp?~ed
~ premisa at al! rea~ooabk timeL
k 16. Tbat an snm or sums whkL ma be baned or ~d~soad b tbe
r y r Mo~tRa~e b tLe Mortsa~os at an~ time witLio tea (10) yan
i fr«n the date of tlw iodeatnre, oo~etba writ6 intere~t tLereon u tbe rue s~eed upon at tLe time of axh Iwn or ad~aoc~ sh:ll be equall~ se-
' cured wit6 and 6a~e tbe ame prioriry a~ cbe ori~inal indebtednw sad be snbjat tn dl tbe terms aod pro~isioos of tbis mortia~e: Pm~ided.
` chat t6e a~resue amount of priacipal oudandio~ u ao~ time ~Lall na eseeed an an~oant equd to oae hundred and fiftp per eent (1S0'Xr) of
c6e prindpsl amount oripnally sanred 6enbp.
i7. Tba~ if reqoired b~ Mort~a~e~ d~e •aid More~or wtll pa~ anoo etie M«cp~ on ~be snc dsr of eacb aod e.err ooo.ecad.e
mooth. a aem Wual to ooe-twclftb of tbe annnal amount neoewar~ to par dl .tua and asesmenb aeatnu the said mortga6~ P~~. ~ ~
moothly snm to be atimated solel~ b~ Mort~agee and aleulued ~o be an ~mount aot la~ than d~e amoant af tues asared ataimt said mort-
gaQed premises for tbe prnioas ~r~ and ~f fartber reqmrcd br Moregssee to pay all imnranoe premtaun~ in manner aad fam a~ prorided #
hertin fot the pa~meat of. taus ~nd asa~meob.
1!. Tbu in tbe e~mt tbe ban whic4 tLbmo~ b pvea to ~eeure i~ made fo~ t6e o~ fiaaoaus dtLer the ooo~tnrctioo
of new buildinp or tLe aomtr~aiao of impe~oRement~ ~nd/'or additiou~ e~ ~btio~ boildJarp, t~ep l~. ifreqoictd b~ t~e ~~ee, :
ezprealr a~ress to depo~if~ witb t6t Mortp~ce oe ia daip~ated asmt ta ~mo~ut of mone~ eqnal eo t5e ~hreoce 6etwees tbe net '
of t6e ban and tLs toul amouny a~ determiued bT tLe lsort~asce.reqdted ~a fnll~ eompMet wid aoa~troedoo ta ~ooordsoa witb t& plao~ :
and ~pat8atiaa hereoofoes ~ubmiaed b~ tb~ Mor~or aad apprmd b~ tbe Moetp~ea Said ~monnt oE wooe~ ~all be pl~ad by tLe '
Mort~a~ee iu •"I.oaa~ in Prnee~ Aeoount" ia t6e name of t6t D~lort~r. aud tSe wss ~Lall be wed bp tie Ddoetsa~e to pqr tLe eow„
ehar~a aad apea«s incurnd in oonneaton witb wd aoo~eroe~ prior eo ~~~~of tW lo~o. It b~ustbsr apa~d tLu ie tLe e~mt °
..id oo~truction L aot lnll~ oomplaed o0 oe befon t~s d~te ~nced In tM Loan or to t~e e~eat tLu ttie woric on `
uid aoaKr~etion ~hall oau before fall oompletio~ aod ~a6 ewa8on ~hall aoainns for ~ period tm (!0) or-If rab~untid oootiaoow
prosreM ~hail dot be made ta ~ueh aowtruct~ao. tben and is s~ sue6 tnat d~e dd a~re~C sum? priociPsl~ interat~ meatiooed in sdd
Dnimirorr na~ ~nd ail monia ~eeured beceb~, ~haU beoame ~ae sod ps~sbk fort4wit6 or t~aeaita a the option of aid . and I4 `s
the e~eat of sne6 oewtioo of wort u ~aid eoatroceiao for a period of ten (10) da~ oe if ~u~aotisl oontinoow pro~rea~all not be }
made in sucb oomtruetioo, a aforaai~tLe Morep~ee ma~ u its opdoo enter into and npon tLe prem»es and eompkte said oon-
ur~xtioo in axh manner as it deem~ ad~i~able wi~6ont an~ interfera~ce fran tbe ~oe~~u: the w~ bere~' d~i ~ O~~ 3
to t6e Mort~ce fnll power and aatboriry ta make sncb mtr~ into and npon satd moetp~ed to enter iato wc6 oootraen or u- '
' ran_aaaents a~ ma~ be oa~ewry to oomplae ssid oooKroedoo, and eo eipead an7 monia re~aioi in -aid "Loao~ in Prooes AaoowK" aad
in addirioo ~n~ ~nms of moaer neoaar~ to oompiae wia cook~v~'wa; ::.3 sa; s~ s!! «~~.~,.1..1 b. e6e Mormeee in ooaneetion `
wieL suc6 oanpleaon of aoo~rucrioa in ems of t6e moaia io said "I.oam in t~rocer Aooount" ~Lall be added eo t6e said prindpal debt and
s6a11 draw interat at tLe rate prorided io said Praniaorp nocs~ aad ~hall be secured br ch~ mortp~e, and s~all 6e pqabk br t~e Mortss~ot
~ ° A 155 '61
600M,
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