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S. T6u ia tl?e ereat of t tdt bdn~ la~tituted ~o toreclae ehis wottp~e. t?t lrtasbta~ee ~sp bt entitkd to app1~ at aar tLoe d~~
sueh fo~eebwre suit to the rou~t 6idas jurisdietian t6e f to~ t6e ~ppoiouneat of ~ raa~rer of dl and da~ulu tba mortsa~cd Piope~q~ aaa
of a!1 reots, iocon~ar Profin~ Lwa u?d rereoua theroof~rom Rhaaoe~er ~ou~oe dsd~ed; and t6ereupoa it if 6etee~ ~pratty oo~eoasted
aad a~ed that t6e oourt s6a11 fo~6wit? appoiat suc6 raeiver wic6 t6e usual poKCn sad ducia ot reoei~e~s. in lite ea~a; aod ~aid sp-
poiatmeat ~Asll be made b~ c6e ooun a s maner oE aria rieLt ro tbe A~wr[~
s~ wd witbone cskreoce ~ tLe ade9uae7 or iaadsVuae7 oE W
•alue of tAs pcopeet~ 6erd~r mo ot co t6e sol~eaer or ia~oheaey of ty o~tss~o~ or aqp ut6ec pa~qr dsfeadaat eo sucb suit. Tbe
Mort~s~oc 6crep ~peafically w ~a c et~bt eo objeet to t6e appotadneat of a recare~ as aforaaid and berebr uprasly oomead t6u wd
a~ppoi ~t M
1~~
de a~ w admitecd equ[q aad as a muter of absolute ri~bt to chc Mo~ aad tLat tbe same mq be doae wit6onr
'I1at if aay proeeedinQs ~hould be imdtuted a~aimt ~De psoperqr w~ered b~ cht~ mortsqe upoo an~ other iieo o~ cl~im wbetLe~
e
~upedor or juaior eo tbe uca of t6I~ ~he Matp,~se ma~ a ia option immedtatel~ upoa imdtution of a?c~ suit or dudos tM pa?d-
eucr t4ercof dalare ehi~ mo~tQa~e and tbe i ebtedness ~ecue~ed hereb~ due and pa,rabk iortLwitk and ma~ at ib option proee~d eo foneio~s
thi~ mortp~e.
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7. To pay all aad sio~utu t6e co~ ka. ehar~es and ezpaaa ot ersqr ktad~ Iadudins tbt oat ot aa abtatt of titk to ~tid land~
fouod to be cou~eoimt or acpedient ia oonaection with.aq~ ~uit foc tbt toreelosuro oE this aod ala toeludins, w6ether the t~~ee
i~ obG~atcd co pa sune o~ oot, taanabk aKOCaeys ~fea Ineumd or ~pended u~n~ tims~ Mort~es beea+ae of tbe hilw~~e of tis
Mortta~or ta per~orm~, oomPlr wit6 aad abtde b~ ali or aar ot t6e ao~aunt~, oondieioe~ and tdpuladoir o~ ~tid pcad~ory aotq o~ t6ia
mo~a~e, i0. tbe forecbaure of tWs morts~e aad in oolleetios tbe amouat secured 6ereb~ wit` or without le~al~ proaedis;p, wd ~s reta~-
bune ~he Mo a1~e for evecy pa,y~ment made or Iacurrcd for any wc~pu rpae wit6 jntere~t f~om date o~ s~erp o~i~ psyment u t6s nce of
eit~+c per ceot~(t76) Pa ~ooum; sucb pa7mena aad obli~aaooti witb inucat tbe~eoai as afoeeuld. ~6aU b~ ~eeursd b~ e?e L'es ~ereof.
i. 'ib cbe bdidia~ ot bWl now a~ beraher on uid land Inwrcd lat ~ d+m+~e bl 8re. esteodcd oo~erase aod
ocher perib, iac~ wu ~isk inwraoee~a~aiisbiq in a~mn aot la~ tban t6d~ Luii Imunbk ~alue at t~e ta~ aod e:peose of tbe Mat
gsgos in a compaq~r or oompania appro~cd by t6e Mo~tga~ee~ tbe polie~ or polida to be bcid by t6e I~~Io~tp~e. and wes poliet or policia a~
iosurance ahall Da~e affi:cd t6e~o a Scandard New York Mo~asce Clawy maEin~ all lo~ or tos~ uader suck or polina parabk eo
che Mo~tgag~e as ib iatcrat ma a u and to dsUres said or w rt~a~e
ment o~ t4e pranium t6erefor; a~nd in t6e e~ent an~ sum of ~~oae~~becoma~~pa ~lehundec~~ such w6ea issueA the receipts to~ tbe pay-
che option ~o nca~e and a 1 t6e wne oo aooouot of the indebtedaa~ ~ °i p°~~ t6e Mo~tga~ee ssalt ban
psrt t4ereof, for otber pu prpPosre~. witbnt theceb wai Ksured y w to permit tbe Mort~a~or to rece;•e and use iti or any
Y ~i ~~~~t W ~Qwb. lim or ri~t under or br ~irtue of t6ii mort$ase• and
che Mor~a~ce ;f ic dcems necewacy may ptaoe and par for such ,nsuraoee, or aoy part t6ereof. witbont laie~, waitias or aff~cbns ~o~t-
~agce'a opaoa to foreclae for bnaeb of tltis oo~enany or aay part tDcrtof~ or an~ ri~ht or optan uada tLi~ mortp~ and e~rerp sueb M7'
ment sbatl bear iacerac fran due cbereof uadl paid u ~be race of ei~6c per cent (i~j6) per aanwa, and dl s~cY paymenb witL inraat ts
aforaaid s6ait be secuced by tt~e tien hereof. Ia t6e rnat an~ loa w damsse is saffercd 1Ro~or ~sU ootify Mortpsee o~ wcti IoM or
daroage withia Eorty-eight (1i) hours aher t6e happeaia~ theceof; t6e failwe to p~e sueh ootice ~6a11 ao~titute a defauh and ttie Ma~qa-
gce shall 6rve the rigLts 6erein ~i~ea foc all defaults.
9. To permtt, ooa~mit or wffer uo waue aad to maintain t6e impto~eu~mes u ap tuaes in s ~tate of ~ood repair as~d ooodioou; and
to do or permit to be done ro s~id premix~ nahing tLat wLl aher oe c6an~e che we ~nd eharaeeer of aid propat~ o~ in any wa~ impair or
weaken t5e ~eeurit~ of said mortp~e. In cax of tLe refusal. ae~lat o~ inabiliq of tbe Mortsasor to ~epair aad maintain aidp~operry, tbe
Mortsage~e maY. u ib opfoq make aoeb repain or uwe t6e woe to be msde aad ad~ance moaia in that behalf whic6 wms shall be seenred
by the Uen hereof and bear ioterat at tLe rate of d~6t pa cent (i9G) per aonum.
10. To dcli~er the sbu~et or abtraeb of titk ao~erios tbe mo~ed propertp w Mortp~ee or ia dai~oaced s~eot, .fkieh s6sit at
all dma. durin~ t6e tife of-t6is mort~a~ remaio In t6e poaession of tbe Moet~e~e aad in erent of the foree{aure of t6is mortpte or aber
~ransfer of title. all ri~ht, atle aud interae of ~he Moress~r in and ~o m~ auch ab~craa or abscraas of ack s6aU pa~. co che purc6a.er or
~antce. -
11. 11at no w~i~er of anr oovmant 6ereia o~ in t5e obli~atfon ~eeared 6ereb~ ~ali u aa~ time Lcrc:fcer be 6dd to be a s.aira of
tny of the otLer terms Sereof or of tbe note ~ecara! baeb~.
1Z. T6ac in order w aocderue tbe matatit~ o! t6e indebtedae~ ?erebp ~ecared becawe o! ttie failure of the Mortp~ to pt~ ~ar t~
a~sa~ment, liabiliqr. obU~atian oe eacumbrancc npou a~id propaq a. 6erein pro.idcd. ic .6a11 na be nae,~aq oor requis~a rh~c e~e Mor~es
shall fint ps7 t6e same.
ls. T6at if tbc Mort~or s6a11 hil, ne~lat or refore tor a period of tbirt~ (30) day~ fnllr and D~PVS ~ Wr c6e amomtr re-
q~~rea eo be paid br ~e noce tiercb~ sce~rcd or tbe iuterat tLerdn speei8cd or ao~ of ebe san~ oI moaey becein referred to or bereb~.~e-
cured, or otLerwise dd~. ~nll~ aod pran~d7 ~ Pa~~4 eam~r wtti and abidc by ese~. r?er~ or aar of tbe oo~maabr ao~noa~ !
or ~tipulstioas of tbis moet~a~ t?e pr~omwory aote 6ereb~ seeored ~a~loe tbe oomtruaioa ban a~reemeat, t[ anr. t6e4 aod in dtyer ar in '
aay of .nc6 e.ma~ .~i~baa oohce o~ dmoand. ~e saida~e~te sum mentiooed ta sald P~~s P~'n'~ W7a~ it an~. aod
anr and sll aums mentia~ed 6eran or ~ecured 6enby i6s ! beoome doe aod pa~aWe foct6witL or tbereafta at t6e ooetinni~opt~on of tle ~
Morep~co as full~ aad oompktel~ as if said aQre~ue s~ms were oripnallr stipulued ~u be paid at sueh tia~ an~hins iu said pnmiNOq
note or 6eran to t6e aontrae~ notwitlutandiot and the Mo~tea~ee srsll be er~~kd tbereupoo or tLereaBer wit~wrt nodce or demand ~o in-
uicute snit at law o~ in u~ to enforoe tbe n•~ of the lrlo~tpace 6aeunder or uuder said promiaoq noec. to t1e e~ent a~ aay defanh
or brc~eh m tbe part of~i~K Mott~or 6ere~ or uoda ~aid pramis~orr note, the Mor[ga~ee shatl 6a~e t~e oootFnnius optia~ w eeforoe
pa~rnent of all sua~s ieeurcd bcreb> > aetjoo u lsw ~ b~r suit in ~qait~ to foralae tLis mo~a~ dt6n or botb~ ooncnrreacl~ or etLerwisq
and one aaion or wit s6a11 oot abate or be a bu to or wa~~et of t6e M~atee'~ risit ~o irotitutc or mainhin tbe otl~a. prorided said Mort-
~aecs ~6alt La~e onir oae pa7mmc aad atiafseaon of aid Indebtcdsw. _
14. TLu in tbe errst t6at Mort~a~,o
r~all ~~u tbe appotsemmt o~ a reai~er. tru~tee or Uquida~ of dl oe s substantid
pin ~ Mort~~~ arels. oe (2) be ad uduated a b~nkrnpt o~ imoi~reot. or Sk a~ol~mca~ pe~ieim in b~nkrap~c~, or admit in writio~ ie~ j
inabilit~ 1s pq ib de6ts ar tbe~ 6eoome ~ne, or (t) make :~metat wi~ for tLe beneRt ot aedit+o~a„ or (4) file s peeition or an~wa
seclnn~ rarr~aaisstioa or wK6 crediaon, or to take ad~antase of any imohenep law. or (S) fik an ao~wa admittio~ t6e ma-
terial all~m o~ a p~itioo led a~i~ tLe ~ in aay bankrupoe~. reor~nisation or jwoi~ p~o~in~a (6) aetion s~all be
aken b~ the Mort~apr for tbe pnrpae of effee8as anr of tbe fon~otnZ or (7) an~ order. lnd~neot or da~ee 1 be auered npon ao
application of a credioor ~ Mort~a~ur b~ a coart of oompete~at ~'urisdiction aPP~'o?iai • P~~ ~~i aPPaotmeat of a raa~u or nmtee
of all ~ a wbstautid part of tbe Mostas~oe's arets and sue6 oe+deq ]nd~t or dacree s6a11 oontiaoe omta aod in effact for an~ period af
tti~t~? (30) ooo~cuti~e da~ the Mortga~ee ma~ dalare the note beceb~ ~ecnred foethwhh doe and Wpab~w6eeerpoo ebepn ndpal o~ aod
t6e interot aaroed an t6e note and all at6er saaa herebl secured shs[t beoome fort6with dne aad patabk a if all of tbe uid s~ of mooe~
were oripaallr atipnlucd eo be paid on aucb day; ~ad ttiereupoo tbe Mortja~e witbout ooeiae or demaud ma~ peoieeute a suit u law and/or
in eqwt! as if all mooia tanr~d hereb~ had matncad ptio~ oo ib iaMitudoo. -
1S. lbat tbe Mocesa~ee or aar peison s~ho~s~ by t~e Matsa~ee ~6aU ba~e the d~t ~o eacer npon aod inspea ttie moctp~ed
premi~es u all eepooabte tima.
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16. T6at an~ sum or s~um w6tc6 mar be btned or ~d~saad b~ ebe Mortsasre to tLe Moetp~or at an7 dme wit6in tea (10) ~ean {
fmm tLe date of tLis indmture„ ~er wttb intere~t t6er~an a tbe rate a~rad npoo st ttie time of ax6 lo~n or ad~aaoe, ahstl be eqnaU7 k- ;
curcd wit~ and 6are tbe anoe prSait~ a tDe or1`ioal iadd~tedaw md be eo alt [6e termr aad~e~..~om of tha mortt~R: P~~.
chac cbe a~te amounr of pal oubtandtos a ae~ etms sball noe ~in ~momc eqnal to oae 6nndred and fifr~ pa eent (1S09G) ot
c6e prindpal ~mo~ot aripnal~iKUred bereb~.
t7. Tbu. if r~qnircd b~ 1Sor~ tLs add ldmtp~e wUl pq aoto e~e Mortp~ee, aa tl~e fire dq of eac6 aod e.eq aoaieeuti.c ;
mout6, s wmeqw 1 t~ ooatwelit6 of ~onaal amount neeapr~ ~o pa~ ~1! -tasa aud nra~meab api~ tbe said mort~aSed Pr~t~a. ~d ;
monc6ly sum to be atimated akl~ b~ Mo and akolmd to be an aaoouoe aot leN ehsn d~e amoont o~ tu~ a~a~ed asate~ wid mort-
e ~
Bi~ P~~u tor t6s Pre~iow Jea*. aad fnrt6es reqtrircd bp Moctgqee to par ~I! insuraaee peemiams in maaaer aad fora n p~id~d
hereia fot t~e pa~meut o~, q:q sod aNp~mmb.
i~. Tbat In tbt e?e~ tbe lan wbieti tDbm~tpp b ~i~ea ~o ~eture b made for tM aE fiaaoetns dtbee tLe ooaKtuetioo
of osw hdldiop or d~t oooreruetioo o~ lmp~emeob ~ad/or ~ddidoo~ btdWinp, tMp lld~~ {f tqairal b~ ttie Mort~ee~
ezpn~l asera to depoQr wltti tbt ~toet~e~et or la d ayau aa aaioumt moe~ rqwi eo tw ifet~ betw~m the net ~
of t6e ~n and tbe ~onl amouny a~ dearmined M tb~p~~ ~rtqdr~d w fall~ aompMee ~dd ooa~troetioo is ~ooord~ooe wttti tie plaa
and ~paifiadom Ler~ors s~bm{tced by dw Koet~~oc aad ~sd bp ths 1Soreppe. Said aaonat ol mooy atiall be pl~oed b~ tM
oe
Mortsa~ee ia a'4.oao~ in Yroeew A~ocmnt" !a t6e name of tw . and ttie nmt ~WI bt med b7 m P4
espea a
cLar~a aod espea~a incurnd in ooonxelon whb nid ooo~oc~ b at tNs lom. It i~ fnrt6er apued ebat L tLc e~aet
~aid oomtrnedoo b not [altf aompleted o0 0~ belaa tb~ date le eb~ Loao,~ or is tM e~eot that tLe work m
•aid oooxr~aian iLatl oau befors foll oanpletioa snd roeL oa~aetoo sLall eoodaoe fo~ a perbd od ao (10) da~s, or-if soMtantid oontinoo~r
pro~as sball not be wade ia we6 oooaroaioo. ~6en aod ta aa~ saeb srent t~e aid a~repa ~m~, PiinaF~l ~od toterns. aoeaiooed in ~aid
promisor~ notq and dl mooia ~ecared bereb~ ~6a11 beoomt doe andp~
k fo~i~dt~ or t~erea~er at tLe option of said ~a~ee . sod b
made ia ~ue6socb awatiao o~ worlc u~ ooo~trncdoo to~ ~ per~od of tea (f0) dar, ot it w~taotial c~oaiuaow pro~re~~ ~btll not bt
rtro~on [n .oeb~ ~
~~k se ia opdon enar inw and upa~ t6e p premi~ea and oaopkee uid oon-
ao~ inKrfereaor frao ebe ~eet~aau: tLe .aim~l l~~~s~or Ler.M d~s ~ P~as
btort~ee Pown ~7 ma~e weL satr~ ~?eo and apoo nid a~o~ co ~cer ~o wc6 ooncnw or ar-
ran~emeats n ma~ be neoanr~ m oompkee uid oomtruaioo, ad en ~nd an7 mooia nmo~dn~aid 'Loam ia ProoeN Aoawot' ~od
in additiou an~ sum~ of mooe~ oaauar~ to oompkce aid ~oa~troaku; ~nd an7 snd alt monia apeaded br tbe ylorqa~ee f~ coonectiaa
witb ~ne~ campletion of ooatrnctioo in esoe» of ebe mooia jn »id "Loaw tn Proa~ Aaooan~" ~iall be added b tLe aid prioei~al debt aod
~iall draw interat at ebe nte prorided in ~aid peoa~b~or~ note~ ~ad ~hdl O ~eeR
ored b~ cW~ ~ad ~iali be W7~bk di tk Moray~ :
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