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S. Tdst in c6e eveoc oE a suic beias iauicuad eo toralas t~is wortta~ cbe Mectsa~se ~hali bs eotiUed to ~pply u aay time dv~ic~
•~xL foralwure suit ~o cAe couK havias jurisdiaioa tbereOf fo< <6e appoincment oE a reca•e~ of sll ~nd siatulu t!?e monssstd pcope~, sod
of all rcocs. iocoma, profiq, iswa and ~eveaua t6aco:. from trhahoere~ aue~ce dcrired; and tiacupoa it is berebp csp~l~ coreuanted
and a~rttd chst t6e court shal! Iq~tAwit6 appoiat such ~cceiver wit6 t6e wual povren sad dutia oE raci~us. io Gke eaus; aad said ap-
poi~tmeot shall be made b~ the court a a msaer of u~ict ri~ht to t6c Moe~t~atee, aud witbout re[s~eoce to tie adequup or inadeqnscr cl tbe
value of t6s prope~ ~crrbr wo~t~s~ed„ or to tbe wlreacJ or iawlvcac~r of che Mon=a~or ot an~ othec party defcadaot co ~ucA wit. T6e
Morc~a~o~ 4e~eb ~peci~cally wsiva t6c ri~6t to oEjeet to t6e appoiauneat of a ~aeive~ a afocaaid aad Aeceby e:pressly oooseaa tAat suc?
appoiatmcnt shai~ be anade as ao admittcd equiw aad :s a mute~ of a~wluce ri~bt to t~e Mort~a~cs aad rhat thc same may be doae wit6ow
norice to t6e b1oK~a~. ~
e. Tba~ if aar p,+oceedia~a sbo~Id be instituted aeaimt the property oo•e'ed br c~i~ mocc~a`e upon aa~r other Grn or daim wbet6e~ f
•uperior or juaio~ to the lien of tAu ~oort~a~e. t6e l~toct~s~ee map at in optioa imrnediate~~ upoa imtiturioo of wcb sait or dorin~ tbe peod-
ency tbereot declaie chis mort~s~e and tSe iodebadaa~ secuced 6e~cbr due aad payable tat6wic6 aad may at its optioo proctied a taalae
edis ino~ttage.
7. To pay all and dagular t6e cost~ fea, char~es aad upenses of e~eqr kind, ineludiag t6e cat of an abstract of title co said laad~
fouad to be cou~eAieat o~ e:pedicat ;n conncctioa with. aay suit for eLe foreclosure of ~bismo~t~agy and al~o i~ludin~ w6ahcr tAe Mo~t~~ce
i~ obli~ated co pay ume oc aot~ reasonabte sttorneys ted iocumd o~ e:pended at an~~tiroe by tAe Mort~a~ee becawe of the fsiluro of e6e
Mortgago~ to perform~ comply ~~it6 aad abide br all or an~ of t6e rn~eaaats, coaditiau sad ttipulati~ns of said promiaory notq or t6is
mortgsge, in thr foralosuro of chis mortgage aad Ip COIItthllg tllt ~lAOYOt secured 6enb~ witd or wi[bout {e~al proceedinp~ aod eo teim-
burx the I?fortgagee for even paymeat ~qadt or incurred for aar such ~urpoee vrith interat ftom date ot erec~ suc6 pa~meat st tbe ats af
ei~6t per ceoc (f96) per anaum; aucb paymrna sod osli~aaom. wid~ ~nterpt eheceoo as atoraaid, ~6a11 be saured by the lien 6ereof.
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i. To kre tbe buildin~ ot buildiaas now or 6eresfter on ~aid laod inwred ~gaimt lop or dama=e br fire, ezteadcd a•~enge and
oc6er perib, :oclu 'ag wa~ risk iasuraoee if availsble. in a~wn ~not las thaa tAdr full iosunble ~alue u tLe oost and e:peose of t6e Mort-
gagor ia a eanpany or rnmpania appmved br che Mortgagc~ the poGcT os policies to be bdd by t6e Mortgagee, an~~ orpolic~ or policies of
insuraace shall ba~e affi:ed the~eto a Staada~d New York Mortgagte Ciausq making all bm or lossa undt~ suc6 policia pasable to
c6e Mortgagee as ib incescst m~y ~ppea~, aod to deliver said polic~ or pelicia to the Mortgagee w6en iasucd wit6 tl~e receipa for t6e pa~-
meat of the premium tberefor; and io the eveat aaJ sum of money becoma payabla under sucA policp or policies. the Mortgagee aLall Aa~e
t6e optioo to receint aad apply the same on acoount of t6e indebtednas secuad bereby o~ M permit t6e Mortgagt?~ to recci~t aad use it, or sar
part t6ereof. for ot6er purp~oses, r.itbut t6ere~y waiviag or im riag any equit~~ lieo or ~ig6t uade~ o~ by riRue of this mortgase; and
che Mortgagee if it dcems necrssa~y asay plue and pa~ fo~ sucb ~ ranee, or any part c6ereof. wit6out lasing, wai~ing o~ affecciag Mo~t-
gagce's optinm to foreclo~e for brex6 of t6ia oormaat. or anr ~paK c~crcoE. or anr right or option under tbis mortgage, and e~etp sucb pa~-
mrnc sball bear interat fmm date thereof uotil paid at t6e rate of dgbt pe~ ceat (!96) per annwq and all tue6 pa~~nenn wit6 interat a:
aforesaid s6a11 be secuced by t6e Grn 6ercof. In the e~ent anr Was o~ damage is suffered Moctsagor s6a11 ootifp Moctgagee of iue~ loa or
damage within fort~tig6t (~t) boun after iLe harpeaiag thereof; the fulure to give such notice s6a11 comtitute a defauh ~tad t6e Moctga-
gn s6aU 6~ve t6e tighb herein givee fo~ all defau b.
9. To permiti oommit or wffer ao waste and to maiatain t6e impro~emmb at aU tima in a state of good repair and oooditioo; and
co do or pernut to be done to uid pranisea uothiag thu witl dter or c6anQe tbe ene ~d c6aneter of uid prope~tr or in any wa~ impair or
weaken t6e secucity of said mortgage. In case of t6e refusal, aeglect or inabiGt~ of tLe bio~tgagor to repair aod mainuin ~aid yropertY~ t6e
Moneagee map. at ia opfioo, make soch npaia or cau~e tbe same to be made aad ad~ancc monia ia t6at be6alf w~icb wa~ sLal! be sccurcd
by ebe liea bercof aod bear ir.terat at tbe rate of eight per cent (i96) per annwa.
10. To delirer the abstract or abatncts o~ titit oorering tLe mortgaged property to blortgagee or ia daignated sgrnt~ .ahich s6a11 at
ali tima, Juring tLe life of tLis mortgaee, remain io t6e poaession of the MortgaQce and in c~eot of the forccbsure of e6is m~rtgage or aher
eramfer of title. aR rig6t~ titie aad intenst oE the Mertgy~or in aad to an~ such ab~tnct or sbstracts of title shaU pa~s to the purc6a~er oc
g~antee.
It. T6at oo wai~er oE auy oovenaac 6etein or in t6e obligation seturtd 6ereb~ s6a11 at m~ timt hereafter be beld to be a~eai~cr of
any of tbe otLee tcrms 6ereof or of t6e note secured 6aeb~. -
12. That in order to aocetente tLe maturity of t6e iudebtedna~ 6ereb~ secured baause of tbe f:ilure of tbe Mortgagor to psy aar tss
:ssaamcat~ liabiliry% obGguion or eacurnbraace upon said propcrq a~ hcreia pro~ided. it s6a11 not be nece~sarp aor requisite that t6e Mo~teasee
~hal! firu pa7r c6e same.
13. T6at if t6e Mort~a~nr s6ali fail. neglecc o~ refine for a period of thirtT (30) dars fully aad pranptir ~ par t6e amoun~s ra
qu~red ~o be paid by c6e nae henb~ serurrd or t6e iaterat tLerein specificd or any of t6e sums of woner 6ereia refernd ta or btreb~ ~
cured. or ot6erwix duly. fully and pranptlr to perfoea. ezecutq oomQl~ with aad abide br eacb. e~cry or anr of che oo.enanar aoodiriaa.
or stipulaaons of tl~is mortgage~ t6e praniawry oote bereb~ saured and/or tbe ooa~truetion loan aareemmti if any. tben, and in eit6er or ia
any of aucb evrnt~ witbout notice or demand. the uid aggregate sum meotioned in said promissory note. las previous pa~ts. if any. and
anr aod al{ sums mentioned 6erdn or secured 6ereb~ aha0 beeane dne and parabte fort6wit6 or tLcreaker at t6e ooociauingopt~ou of t4
biortaagee as full~ and oampktdy a~ if said aggregste suun were originallp sti~lated to be paid at sueb time~ anYching in sa'id pnmirory
note or herein to the ountnr~ aotwithstandinp,. and the biortgagce ~hall be mntled thereupon or tLereaftc~ wit6out eatice or demand to io-
stitute wit at Iaw or ineq mtT to eaforce t6e rig6ts of t6e Matgagte Lereuoder or under aaid promis~oqr nota In t6e e~mt of aa~ defauh
or brcach m t6e pact of t6e Mortga~or hereunder or uader uid pranis~orp oote, tLe Mortgagee s6a11 6a~e the aontiawag opion to en[ora
parment of all ~ums seeured hereb~ by action at law or by suit ineq
mq bo foreclae t6is mortgagq either or 6ot1R, coacnrreatlr or otberwisG
and ax actioa or se~it shal! mt abste or be a bar to or aai~er of tbe Mortgagee's riQ6t to imtitute or maintaia t6e other~ pro~ided said Mort-
gagee sball 6a~e only one payment and satisfseeio~ of said indebtednes~.
/4. That in the e~rmt t6a! Mort~a~or s6aU (1) to~eat to the appointmept of a cecei~er. mutee or liq•ridator of all o~ a sub~tsntisl
gut of Mortga~ors aa~eb, or (2) be ad)adicstsd a bankrnpt a imol~ent~ ur file a~olunnr~ paitiao in bankruptcT~ or admit in writin` it~
inabiGq ~o pi~ ib debb a tbe~ becnme due, or (3) make a ~meral aari~waent for tbc beae~t of cr~dim~ or (4) fik s peti6on or aa~swa
sakina raorgani~ition or arrange~ncnt.wit6 credicors. or to take ad~antage of any imolreac~ law~ or (3) file an answer admitting tbe ma-
terial allegations of a petition filed against the Mortgagor in an~ hankrupec~. reorganisatiou o~ insohencp proceedio& or (6) action shall be
catm b~ tLe Morcga~o~ for the purpae of dfectin~ anr of t6e 4oregoin~ or (7) an~ orda. jodament or darce s6a11 be entcred npou an
appGcatioa oE a ccedicor or Mortgagor b~ a oourt of oompetent !urisdiaion spprorins a pedtion seekin~ appoiacment of a raei•er or tru~tee
of all or a suMtantial part of tLe Mortgagor'a asseti and sucb order. jndgrnent o~ darce s6a11 aonanue maaTed and ia effea for aa~ period of
thirty (30) coroeeutire dsps~ d~e Mortgagee mar dcciarr ~he noce 6er~~ secured for~6wi~L doe and payabl~ w6ereupon che prineipal of aod
che ioterat acerued oo t6e note aad all ot6er snms herebr xcured s6si1 beoome fortLwith due and parable as if all of t6e ~aid sums of money
were origiaallr stipulued to be p~id oo sucL day; aad tLereupoo t6e Mortga~te wit~t notice or danand ma~ prwtrute a suit at law and/or
in equicr ~ if all mooea ~ecnred Lereb~ Lad matueYd prior co it~ Imticuuoo.
IS. ~at tbe Mortgages or any perso~n aut)wriud b~ the MortsaQee ~6a11 6an t6e right to mter upon and impect ebe mortpsed
premises at tll rea~onable times. '
, 16. T6at anr sum or sums vvLicb may be loaned or sd~aaced bT tbe blort~a~ee Lo t6e Mort~agor at any time wit6iu tw (IOj ~an
from cLe date of t6is indmturq to~etLer witL ioterat tLere~on st the rate s~rad upoo st tbe time of ;ucb ban or ad~a~ shdl be
curcd witb and 6a~e the same riori ss tLe ori ' 1 indcbtednas and be ~ub'at to aU tbe term~ and ~ ~
P ~7 ~ prorisions of this moTtpse: P*mrided.
chac tbe a~re~ate amount of principal oumanding at m~ time a8ali not ~ w amoant equil to oae 6nndred u~d fifty per cent (1S0'Xc) of
c6e priacipal smoemt ~i~iaall~ savred bereby. -
17. TLay if rcquired br biortga~e, tbe »id Mortp~or w111 pa~ anm c6e Moctp~e. an the ficu da~ of eaeh and every ooo~ecva~e
montb, a wm eqnal to onatwelft6 of t6e aanual amount neowsrp to par dl -tasa and awa~menb a~aiast t6e uid mortgaged Premius, raid
monthly sum to be estimated soiely by Mo~tgagce and uicalued to 6e sn amo~mt na lar tban tbe amo+~nt of taxe~ a~es~ed agaimt said mort-
gsged premi~es for tLe prrvion~ }xar~ aad if further required by Mortgagce to paJ all iasuraace premiums in maneer aad form m prorided
herein for t6e papment of, tau~ and awaaneab.
1!. 'ibu ta tbe e~eot t6e ban whic6 tLLmo~~a~e ~ ~i~ren to ~aure L iaade for tht of finauein~ eitba tbe ceo~runioo
of new bulldiop or the aooKruedoo o~ impro?emeaa ~nd/~ addldow oo dqint bnildia~. eMp 1~r. itseq~dced
c~cpreqy a~rea to depodf~wlth ebe Mort~a or Its dai~nsced aseat tn ~mouut o~ mooq pual m tbt fltrsooe betweea~t6e~
~p
of the loao and t6e tohl amonny ~ deoeraJned b~ cM erioresasee, reqWnd to fnly oompba nid oodtr~edon !n aooordanee wit6 the p1ao~
and ~pedfiuaon~ 6aetafore ~ubaiaed br the Moe~or and apprond br tbe Mort~e~. 8~id ~moaat of mone~ ~ball be ptaed br ehe
Moct~aQa ia a"I.oaw in Proea~ Aaooant" in t6e aune oE t6e Mort~a~or. and the wae th~ll be wed b~ tbe D~ortpsse w par tbe oow~,
c6ar~a snd e:peosa incumd in eoonecttoo witb ~aid oooarneQMoo prior ~o di~b~o~ tWs loao. It L fnrtLer a~rad tbu ia the e~mt
•aid oomcn,ction i~ na fuliy oanpleted on or bdoee t6e date ~taai in tbe Loan or in c6e cneat thu the work oa
~aid oonmxtion ~hap aase before full oom~ledoo and ~nch ea~aoon s6a11 aoot~ue for a paiod
o~~0) da~s, or 3f snMnaoal eontinoow
Proqras s6a11 not be made in tueA oonstnxaon. then and iu su~ ~nc6 ermt tbe Wd asgregate swn. prinapal and Intctay mentioosd in ~aid
pramiwo4 aote~ and ali r~ia secured 6ereby~ ~hatt beoome due aad pa~abie forcb~.ic6 or c4e~ea~er at tLs o~on of said Morc8a8a: and in
tLe ereor of sncb casadon of w:_!~ u uid ooostructioo for ~ peciod of eea (10) dsr„ or if sn~andal oonrinno~a prognar ~all aot be
made in suc6 rnmtruction, as aforeui~t6e Mort~a~ee ma~ u Rs opaioo enter into and npoo tLe gy~ pnmisa aud canplete ~aid aon-
stroeciao tn wc6 manner at it dcems advisable witbout any intedera~ee fro~ tb~e Mortpyor; t6e sai~d ~Iortga~or 6eceb7 tO~ini ~~ni
c~ tbe Mortgagee ~atl power and authoriry ts mate sucb entrr ioto and npoa said mort~aged pnmiaa, w mter into s~c6 cootrsas w ar-
rangancots as may be uctasary to complete said com[n~etioo~ aad to ezpend an~ monia remaimng in said '7oam in P~ Aooount" ~nd
in addirion aa~ sums of mone~ necwary to oomplete said aoostrnai~; and ~r and all maoia czpcoded b~ t6e Mortgasce in conneaion
wieu suc6 aanplaion of oaatn~ctioa in ezcaa of t6e monia ia said "Loam in Proce~ Aooount" s6a11 be added co tbe uid principa! debt and
ahall draw ieterai at tb.: :stt proridcd in said promu~ory note, and i6a11 be secnred by tbis ~aBe, snd sbdl be ptyabk b~ tbe Mort~a~or
on eca~anQ.
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