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Home My WebLink About0741 _ 3. Teat in tM e.eac oE a suit bda~ imtieuced a ionelo~e tai~ ioo~, cM No~tpsee ihall be ead~kd m apj1~ a sey eima durin~ ~ue6 foralown ~wt eo t6e oouct havio~ juri~dietiao ~E far t6e appoianaeac of a receira of all u?d dnsulu the wortssssd properqr, ssa oE all ceaa. iocome*. Pro~b, i~sua aod ~eaua tbereof. ~om Rhaaoe~cr wucc~ deri~ed; aad cLc~eupon j~ b becebr upreal~ oo~en~aued aod a~nsd ttiat t~s oourt shall fort6witL appoiat sucb ~eceifee wit6 tbe usud poKen and duda ot reoei~sn. is lite aaa: sad ssid ap- ~poiat ~ t~ ! b~ msd~ by ebe oourt a~ a maece~ oE ~rice ri~e ~o ~ke I~!~~~ and wit6out nfenaa eo the ~dcVuac7? o~ Inade9uae~? of eM p~opety ~e~eb ot co the ai~eoe~r or ia~oheac~r of onsa~ot ot ~o,~ ot6er pset~ defendant oo ~ueti wdt. TM Mort~a~or ?e~eb apedHa~r w va ~t~. oblat to t~e sppotatment of • recei~er a~ sforadd and hereby uprewlr ooo~eue thu wxY 00 ~ce~~o~tle M 1~~ a w admitad squ~p ~nd a~ a maeter of ab~oluce ri~6e eo d~e Mortts~ee and eDae tbe ame m~r be dooe wfc6oar ~at if sq~ procecdio~ ~6ould be imdtntad ~aimt tbe P~'oP~~V oo~soed by t6ii mort~a~e upoe aar otLer lien or claim wleteee superioi er junior ~o ths 4ea ot t6f~aort~~e, tbt Mectta~e ms,~? u us optioa immediateb upoa imticution of sucY suit or durint tre pend- ~ cbereof declsre t6is roo~tp~e aad tse iudebeedea~ ~ecnred 6ereby due aud p~abk fo~tb.nth snd ma~ at Ia oprion proead eo tocee{ae ~ . 7. To pay sU sod !u t~e oo~q fea. el4rsa and szpea~a of e~eqr kind, isdudias tbe aat of au abucaet of tick to said land~ found to be ooa~eaieot or e~ent Ia oonn~etioo with.aq~r wit tor tLe foreclaure of ~~aod abo iocludiu~, wbecha t6e Mortpse~ u obli~ated topa~ ume oc not, rasooabk ~aorne~y 4ra ineurred oe apeod~d u an~ timt by Mo~ee beuwe of t6e tailure of cre Mo~ ~operfon4 oanPb witr aod abide b~ all or aa~r of the co~eaaan~ oooditioo~ ~nd ~pulatioro of .aid prorol~? note~ ae Ni? mo~a~e, ia t6e foredosure of tWs aa~~e ~ud ia ooUechn~ t6e amouat ~aenred 6ereb7 wity ar wlt~out kpl e and to reial- bune t4e Mor~a~ee for erery p~ment made or iaeurrsd ior aar ~nc6 p~rpose w[tb interat Erom dste o[ srer~ ~uc6 p~ u tbs n~e of ~i~ Pa ~(s'lfi) Per anaom: wcL pa~meuts aad oblisaioo~ wit6 latecat tLereoa as afonsdd. ~4ati be ~eeueed b~ tii tiea 4ereof. i. Zb ~tLe bdldio~ er but~ sow oc `ereafter oo said laud _ iawecd ~tn~t IaM ~ dasase b~ fire, e~mded oo~e asd ot~e~ perib, inel wu r~k inwraoee i ardlablq ia a~ not las tban their fuil imurable rdue at t6e oat aod e:pabe of ~ l~aet- ~s~or ~n a oanpanp or oompaaia appoo~ed b~r the Moetga~e~ tLe polie~ o~ polkia to De held b~ tbe Mortp~ee~and wcti polief or iasuranee s6alt 6a~re af8ud t6eceto a Standud New Yoric C!: maki t b e M o~sgee s ib iatecat ma a u and en deli~a ~at~ d~~~ ~ °s all !o~ or Iossea under • p o l i c~ r or p o lieie~ p a~jabk b meat of t6e um tduefor• arnd to the e~eat an wm of ~~~~~a to t6e w6eu i~ w itb tDe raapta for d~epa r the eo r~~e snd r W7~ble under s policr or potieie~, t6e Mort~aste ~al! 6are . he opt~oo ppl~? t~e ume on sooowk of t6e 6~u~t~e na~ se~wred l~ereby or ~o pcrniic the Mortga~or co reeei•e aod we it, oc aa7 ~ tbereof. f;f io aer putpaeti witbut thereDy wai~ins o~ impairint ~7 ~4~4. Uen o~ ' unde~ or by ~irtue of t6is mo~ste• aod Mo~aBes neeasae7myrp I~sa aod pay far ~ocle in~uraacs, or aW M+t s~tbout lodoj. wd~ia~ or afhebng ~lort- ~aseds opt~o~ to foeeelo~e for breaeti of t6ia co+eswt, or anT ~art ttier~of w ment aball bear interat from due t6ereof natil d u t6e rste ot ' ot an~ ti~ or opnoo uoder this mortp~e, aod e~a~ suc~ Pa7' P~ di~ P~* ~(li16) per aoo~ aod all tae! paymenb witY interat ~s afotaaid sball be secnted b tbe liea hereof. In tbe e~ent aqf loM or dam~e i~ saffered l~locep~or ~hall notif~ of axh loN o~ dama`e witLin fortT-d~ht ~It) bouc~ after t?e ha pdo~ ttiereof; ttie failuee to ~i~re sucL ootke s6ait eomtitate a dcfs aad tbe 11lortZe- gce ahali 6a~e the ti ~ ~bb 6erdn ~irm fot a11 def: 9. To perniiy oommit or wffer oo wa~te and to m~iutaln tbe improtremeaq at all dmet in a ttate of ~ood repair and aoodiciao; sod ~o do or permit t~o be dooe to ~aid premisa notbtn~ t6at will aher or e6an~e c6e we ~nd cba~a~aer of ~aid propercr or ta aar wy impa[r ~t weaten t6e saurit~ of said mortta~a In csK o~f t6e refual, ncQleet or inabi6q of the Mo~ag~r to npair sad maintaia ~aidpro yertp. tse Mort~agee a~ay. u In opEioo, make weL eepsin or eawe jpe saooe to be made and ~dra~e mooia in thae bcLalf wbic~ wus sAall be ~ecnred by tre Gm ~ereof wd bar interat at tLe rate of ei~ht per «ut (1%) pet amum. 10. To deUrer t6e ab~tnct or abtraas of dtk oo~in~ tLe awetss~cd Propert~ m lbfortsasce or ia daitnata~d aQeny which i6a11 at ait times, durio~ ttie lifs ot t~ia wort~a~r, rpaain in tbe po~oo of tbe Moet~a~ee aad in e~reot of t6e fo~ecbure of tLis aartga~e or other trao~fer of titlq all rl~bt. titk aod iaterest oE t6e Mortp~or ia aad to an~ sncb ab~craet or abtncb of titk a6ap ps~ to cae purcha~ ot ~rancee- 11. 1bu no wai~a of ao oo~entnt 6ee+eia or in t~e oblisatjon ~ecnred 6erebf s6s11 u any time bcreafcer be ~eld to be •~ai~er ef any of the aLer terms Sereo~ or ~ the oae sea~red herebr. lZ. lbat in otdes oo aoederate tbe toatnriq ~ t6e indebeednw 6aeb~ ~ecnred beause of the failnre of the Mort~or to pa~ an~ as meamwy liabtlit7. obtip~on o~ enannbranee opoo aid p[opay a~ 6erein p~o.ided, It sbali ea be neoes~ar~ nor reqnisitr rhst tbe Most~ajee .e.~l 8nt pay tbe aamG 13. TLac if r~e sWl fai~, neska or rdae ~r a period of c6irc~ (so) days fall~ and P~~~ m wr che amo~me zr- quired to be psid by t~e_~teb~ ~eeneed or t4 jnternt t6adn ~paciRed ar aoy of t6e wm~ moner beran referred ~o or Derrb~ cnrcd. ~ otherwue dW7. ~7' ~ P~~7 ~ Pa~o+~. ~ wieti and abid~ br eac~, e~er~ or any of the ea~enants, oooditioo~ or ~ti of t4i~ moet~a~e, thepc~a~u~ oote lie~ tecured or tLe ooo~tnxtiao bau agcementi if any. t6en. and in dt6ec o~ ia anr o~i~ enb. wjtLont notia or demand. the saida~ep~ saa meatiaaed ie ~d p~a~o~ oote. lw pre?iow ps~rma~, if a~~. aod anr and all sums ~nentioned betria ~~ecnnd hereb~ ~6a I beoome doe and payable fo~wit~ or tDereaEter at t~e ooatinuiua ovt~ou of tie . Mo~ee as fnU~ and aompktel~ a~ if taid aaregue aeas wers eripnallr atipnt _md to be paid at sne6 tirn~ an7tbin6 ia wd tr~aiwot~ note or beKie eo tDe ooarar~ aotwit6wadiuy aod tbe blort~a~e sLaU be eotitkd tbereupon or t6creafter wit6out aatiee or demand to in- stitnte anit at law or ia p ~o en~w+oe~ of tbe Mort~aga lereunder or wider utd peomiwor~ note. In tie eve~ of ar.~ ddanh oe breaeh on t6e psrt of i~s 1rSo~tp~Or ar aoder aid peomisws~ aot~ tbe Mort~s~ee aball Lave tLe eontinuins opdm to enlores Pi7~t of dl sum~ ~enred bereb~ by aniow u lsw a~ b~ adt ia equit~ m ioriclae t6b mort~~e, atrer or botL~ coocurrenty or atberwis~ and aoe aetioo or wie ~6aU noc abate or 6e a bu t~ ~ wavu of t~e ~~rt~ee's ri~t eo Q~titute or maintain t6e ot6er. pro~ided ~aid lrbrt- [si'a sball Lsn mlr oae pymmt aad sat&fse~ioe of said tadebtedaea 14. 13at ~ tLe r~mt tWt M r tbaU (i) oowent to tLe appoianoeot of a rad~?a. uu~e or liquid~or of all or a w6~nntid part o~ Morts,yoe'~ a~eu, ar (Z) be ~ a baokropt o~ iwel~y or 91e a~oluwar~ pecition in bantrupcey. or admit in wriein~ td inabiti4 eo pq ib debb a~ tbe~ bcc+ome ~ae, or (t) make a:merdla~i~mmt tor ttie bene6t of asdimes~ ~(4) fik a pedcion or .a.wa ~ed~ni e~eor~taisatioa orarrao~anent wit~ eccditw~, or ~o ake ad.aotase of an~ ia~olrme~ Isw~ or (S) fik an aoswer admictin~ t6e ma- calal d1e~L'on~ oE a petition filed s,~atmt t6e Mortp~or ie an~ baatrup~et. reoriaai~tiaa or ie~ohenef Peota+din~ or (6) aetiao s6a11 be akm b~ eie for the yaryo.e ~ eff«~ ay~ ot t6e fore~oin` or (7) .n~ .rda. jndpneot or a«ra s6a11 be encerea upoo .o a p ~eauo ~ pliearioo oE a ~or or Mo~or br a eowt of aampet~e~ ~'rradiction aPP~ioi = P~+~ ~~f sPP~nemeat of a rad~er or m»tee of ~tl er a snbstaodat psrt ot tk Mort~oe's a~reb and sueh order. jud~meot or decrae s6d1 oondnoe on~ts aod ia effac f~ any pcriod eE tWrb? ooo~aotive dar, tLe Mort~ee maf dedare ttie note bcnb7 ~acnred iort6wit~ doe and W7ab~w6ereapoo the prinapal of aad wue~ ~ to be ~ d aotsoe6 da~ aod~tiaeu d~e Mol1 beeome tort~witb dne and psnbk as ff all of cbe uid sums of mooef ori~inal7 Pnl Pai poo rtp~ee wiebonc nodoe or d«nand may peoiauee a suic u law a~/or ia equity a~ ff a11 moaia ~eearod 6ereb~ tiad matared peiot ~ ib ~tit~dao. iS. 'Ibat de 1Sortp~ee or ao~ penod tatiorised b~ e6s I~tsa~ee ~6ai1 ~e tis rt~tt w mm npon aa! impat t~e moftp~ p~emLa st tl~ ra~ooabk time~ 16. 17~at aa~ ~ or wr~ wLkL ma~ be bsned or sd~aaoed b~ tbe 1Soctp~ee tn t6e Mortp~or at aay time within ten (10) 7an fenm ebe dus of this inde~tnre, eo~ether wieh interaR t6treo~ at t6e rate ~reed npoo at ttie time of a~ Wan or ad~aooe, ~hail be eqosly ~ cured wit6 aod ra~e tLe ame prio~iq~ r tis ori~inal lndeb~edaat aad be wb2'eet ~o all t6e term~ ~nd pmri~ioos ot tba mo*~fsP: P~d~ chac e6e a~pYpta amou~ o~~~i pal o~andins u aapr tia~e ~6aU aa ~d an amonac eqod eo aoe 6undred aod Rfe~ pe~ oeo~ (iSO9G) o# e~e yciaeipal amooat ari~ioal4 ~eeue~ed Lerebf. 17. 'Itiat, it req~dtsd b~ ttie ssi~ lsortp~n wip paT moo d~e Hortp~ os t~e fi~ da~ of eaeL and e~ery ooaecutire mout~. s wmt eqoal to aoatwelftb~aoowl • amo~mt ~eoaar~ ,n pa~ dl -wus aad wa~mwa a~aimt the said awrtga8~ P~~. ~ maot6l~ smn ~0 6e atSmated sokl~ b~ Mat~ce aed ealeulatad to be an amom~t not IeN t6an tbe ~moaa of ta~us aMweda~mt said mort~- ~i~ P~~ius for t6e pre~iow Tar. and t fnrtba reqaired b~ 141oregsjce m pa~ all insarwa pnmtums ia manoer and form a~ ~o~ided herdn for tye paJ~oent of~ ts~a aod aseeMmmt~. , !t. Twt in ttie e~eot tbe laa wtiieti tlir Y to ~eeare ir aude ~oe tbs of Soaoc3o,~ dttier the aoo~truetbn o~ w~? buildto~s or t~e ooa~tenedao oE tmp or ~door eo dKin4 baildio~r. etiep l~~ !f~q dred b~ t~e Moetia~eR acP~~ asrses ts depo~ib wtt~ t~s 1Sortpyee or itr a~mt aa ~ of mo~e~ qwl b t4 Hirma baween t6e aet p~ o! eLe iorn aod ths ~ota1 ~so~y ~ determtncd b~ eM w faU~ ooopl~e aid oo~tsoeeiaa ~n ~aomdaooe wid~ tie plao~ aomd ~ad rped9ca~o~ ~aroadoer wbo~iued b~ tL~ Mortp~or asd s bp efe Mo~tppe. Sdd asount o! mooef ~6aq be pl~oed b~ e~e ~ioitp~ee in a"I.oaa~ ts PevoeM Aeooast" ia the ~ame o~ etis ~~r,r, aod tys wese ~6sU be aed b~ tLe ~loetpsa ~o pq tbe eo~ e~sr~ ~md espes~a iaenmd is eoaoeatoa witb ~aid eoa~erucV.~ priar a C~~mste~ aE eW bm Ie b fnrtber apesd ebsc ia tLt e.eot said oon~on b sot fntl~ eompleted oa at befoe~ t?t d~ee raued in tLe ereroWoo Lom~ or in t~s r~eot t~at tbe wwt m satd ooo~eruaioa ~hall oede befoee fall eompkdaa aod a~ awtioo siait eonoSnns tor s period o~ aa (10) da~s. er-if sab~csndd aontianoar peop~a~ ~ 6 a 11 not bt msde in w~ o o o i t i u a 3 o q, t~ea ~nd ie sq~ wer t~ent tM rdd ~pte ~mq, p~ineiPd a n d tnterat. mentiooed ia uid Peoa~i*a7 aote~ and ap mooia ~eeared ~aCb~ sLaU beeaoe dw ~od~pa sbk latl~~ or tiaa~er ~t tLe opefoo oE said l~fortP~ee: aod L tLe evmt of sne6 oeMattoa of wott ~upo~ sti~ ooa~troetioe !er s of hg (10) da~, ot if aa~woeid aontinnoas prosres s6a11 aot bs mads in weti ao~oa, a aforaa[d. t4 ~qa~ee aq at ies option eater in~o snd opoo the~ premi~es aad oompkee aid ooa- ~trocdoo to ~uc6 manoer at h dc~s ad~abk~~Nwitioat ~e1 ioterfereaoe trat tie M~or; t6e aid ~ior~Or bMb7 d*~ ~~~i !o ttit Hortta~ee ~nll power aod autborit~ b mske soer ealr~ iMa ~od npon s~id moetp~ed temiee~. to mtet into we6 oootraeb ar ae~ raoRment~ a~ mq be neowaq o0 oomp3ees aid ~omtr~q, and es ~md ~o~ wooia r~n~ in ssid "Zoau~ in Pe~ocar Aooount" ~nd ia addition as~r ~naa of mone~ aeoa~arf oe oomplae aid cae~trnafoa; aod aor sod dl monia apmded b~ tLe Mortp~ee in aonnee8oo witti sacti oompkooo oE aoortruaioa in e~ooen of t6e moaia ip said "Lwo~ io Proee~ Aooouot" ~hall be added to t~e sdd princjpal debt and stisl! draw ioterat u tbe rm prnrided io ~aid prami~or~ oobe. and ~6aU be ~e~ored b~ tWs mo~tp~e, aod sUall be pT~k M~~ so~ 164 P~~ .?38 ~ ~ ~ ~ . - . - - - ~