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~3u ia tLe eswt of a suit beiu~ iwdtuted ~o foteclat tdi~ mottsap, t6t Me~ase~ ~hall be eotitkd ~o ~p~1p at aoy tim~ du~iot
~ucb fombsuce iuit co cbe oouK ha~i junsdiea~ c~ece~f for tbe appoincmeo~ of i rea~fer ot atl and lat ehe mor~a~sd properqr. w~
ea
of di «nu. inooma, profib~ iswa aa rrveaua t6eroof, from Rbatae~sr wuree derired; aed tDsreupoo t L Dereby espceal~ oo~eaasted
aad ~ceed that the ooun ihall tortl~it4 appoiat sucb recei~er wit6 tbt wual povrsra and duda of reod~en. ia Ukt wa; aad uid ap
poiata~eot ahall be made by tbe oouK a a mane~ of scria ri~6t to tbe Mortss~e~ wd ~witbout nhceooe 1o tbe adequaq or iwd~quaq of tbe
valae of tbs pmpcrqr bereb~r moctg~ed, or to tAe wl~eae~ or in~olveuc~? of bc onp~or o~ ~op aber pt~q defeadsut to sue6 ~ui~ Z3s
Mon~a~o~ 6aeb speafically waiva c6e ci~6t to objeet ~o tse appdapnent of a reca~er a afore~aid and 6e~eby ~pcpdy oodeat~ thu wei
appoiatment shal~ be made as an admined cquiq~ and as a a4atter af ab~olute ri~6t to t1?e INort`asee aud tbat the wne mq be doas wit6oa
ootia eo t6e Moct~a~or.
6. Thac j! an~ proeeedin~s ~ould be ioscicuced a~aio•c ~6e pcoperq? ao•end by c6i~ mo~sse upoo an~r other lien or claim w?etDer
~uperior o~ juoior ~o t6e lim of this t6s Mort~a~ee my at id optioo iiomcdiacelr upoo Imd:utio~ of suc6 ~wt os durios t6e pead-
eoc~ tbereof dalue t6h ~oo~t~a~e and t~ie i ebtednps ~ecurcd Le~eb~ due and py~able focthritb aad ma~ at ia optioo psoceed to toceclat
tL;s mort~ate.
7. To pay a11 and uagulu c6e oa~ fca„ ch~r~a sad apeau~ ot e.ep kind, tn4ludi~ ~be co,e uf ao aba~ec of ack co uid laod~
fouad to be oonreaieat or ezpedieat in oawectioo witb.anr suic for tbe foreclau~e ot ceis mo~tp~e, aod aLo iadndin~. w6etLer tse ~
is ob4~atcd to pa ame oc aa, reswnabk atcoroe~s 4ees iocumd or upeoded st ~ Hmt by tbe Mort~ee beuwe of ttie tdlure ttis
Mo~agor to pe~orm. compir witb and abide b~ ap o~ aay of t6e oorcoauts, oondieoo~ and ~tipnlation of s~
d proeairor~, note~ os t6it
rnort~aQe, in cae forecloaurc of t6is nart~a~e aad in oolleetins t6e uaouot ~ecur~d he~ebr witr or wjtrom {epl aod• 1o teidl,
bune tLe Mo~s~ee for every paymeat made or ineurnd tor any wc6 purpae with iatcrat from date of sner~ tt tbt ratc oE
at~ P~r esat (i76) Pe~ uwwn; suc6 psymena and oblisatioo~ wit6 Iaterat tbeceoo as sforadd. s6a11 b~ ~een~ed by eLe liea Leeeof.
To kap tLe build~ or buildiup now or bereafttr uo sajd laad inwted a~aia~t lo~a or d
otLer perib~ iacludin~ wu risk tnwrance if a~ailable, in a~um 'aot las t6an t6dr full imurable ~alue~u~~
ook ~and e:peo~e of
ethe~Mort-
Sa$or ~n • oanpanr or oanpuaa aPpoo~cd b tbe Mort~agr~ thc policy ot politia to be ~dd by tbe I~~oet~t~ aod web polic~ o~
imuraace s6a11 6a~e aff~ed t6eceto a Staod~New Yo~k Mortsagee ClauK, mskin~ dl lo~ or loaea uada t polie~ or pdieia ~k to
the Mortgagee as ib iaterat may appeu. and to deti~er uid poliep or poiicip b tbe Mo~~ce wheu iau~d Rfth tLe reedpe~ tor ttiepa
r-
meat ot the pranium therefor; aad ia t6e e~ent any awn of wae~r becwnes pa7abk under sucb policp or potieie~ the Mortsa=ce ~ha11 6ave
the option oo recei~e and apply tbe same oo sooount ot t6e inde~btMne~ secured hereby or ro permit tbe Mortgsg~?r to recei~e and we it, or aqr
part thecrof. for other purposc~ wit~out t6e~tby w~ring or imFairias aq~ eqni4~ lim or ri~bt unda or b~ ~rictue of this mort~e• and
the Moctgagee if it deam aecasary mar place and pay for a~ch ~muranc~ or any part tbereo,f~ wit6out losin~ wai~ins or affeeans ~loet-
gsgee t option to foreclae for breach of t6ia araenany or tay part therao£ or aa~ ng~ or option undsr this mort~ase, aod crery spcb W7`
mcnt ~all bea~ intetat fmm dste tbercof uadl pdd at t6~ rate of d~6t pes oeot (f96) aon~pm, and s11 ~yeh pp~meny witti iatere~t at
aforaaid s6a11 be savred by the liea hereof. In the enat an~ loo or dama~e is suff~~io~a~nr ~haU uodf~ of we6 lor or
dunage Ritlun forty-eig6t (4fj bours after tbe bappening t6ereof; thc failure to si~e sueh notice s6d1 ooo~titute:a def~u and tbe Mo~a-
gce s6a11 6ive the rigLb heran given for all defaulb.
9. To permiy aanm;c or wffa uo waue and co maincain tbe impm.emeaes u aU timw in a aue of ~ood repair and ooodicion; sod
~o do or perndc to be done to said premisa aothias tbu wiJl aher or chao~e t6e we ~nd e6araeter of isid propert~ or in anr wsp impsir ee
weakea tLe securit~ of aaid mortgage. In ase of the refmal, neglect or insbi4q of t6e Mort~or ~o ~epair and maintain ~aid propect~. the
Mort~agce map. u ib opEioq malce suc1~ repain or cawe the same to be made snd ad~anoe monia in t6at behatf whic6 aut~s sh:ll be sanred
by tbe lieo hereof and bear intemt at t6e rate of ei~Lt per ce4t (i9G) pcr amnm.
I0. To deli~er the abtract or ab~traets of Bde oo~erin~ tbe mortYSied Prope~, to Mo~a~ee or its dai~ated sgeny ~sLie~ s6a11 at
all enlies~ during tLe life of t6it morcga~ ranain in the poaasion o~ thc biort~ee aad in rrent of t6e foKClnsure of t6is mortga~e or ot6er
tnmfcr of titiq ap ri~t. title aad iatcrat of c4e biortsa~or in and to sn~ sucb abtrset or ab~traeb of tide sbsp paas co ~be purc6ner or .
Lra~ae.
any of tLe other terms hereof oraof the nae ~a
wced 6ereb
~~u~~ ~cnrcd 6ere6~ s6aU u aq~ dme 6erafter 6e bdd to be a s.d~er oi
lZ. T6at in ordu to aocelerate tLe msrnrit~ of the inde6tednes 6e~cb~ ~ecurcd 6ecausc of tbe f~ilnre of tbe Mo~c~or 0o pq sa~ qz
as~a~noeat~ li~ilitr. obGgarioa or escumbrance npoo said propercp a~ 6eran pro~ided, it ~6aU eot be n~ceaart not requiu'te that tbe bbrt~ee
shaU fint par c6e same.
13. T6u i~ t6e Mo~r shtil ~ail. neQlat or ref~ue for a period of thi*h (so) dqs fuUy aod P~PV7 m wr t6e amoimes re-
quired ~o be paid by ~6e nae 6erdr~ .ecured or t6e Iucerat r6erein ~peci~ied or aa~ of tbe suw a~ mone~ basin referced to or 6ee~eb ~
cured, or at6erwise dd~. fuly aod pram~tlr to Perfo+ro. eueute. oomDy wit6 and abide br eac6. e~er~ oe ao~ of t6e ao~eaant~, aoad~tioo~
or ~tipulatioos of tbis moet~a~y tLe promtaory note hecebp ~ecuted aod~or the ooorttuaian ban ag~ if aar. cben. and in dtber or is
anr of sucb r+rent~ witbout aotice or d~and, tbe saida~e~te sam ma~tioned in said promisary note, la~ pre~ious pa~menb, if an~. ~d
an~ and all swns mentiaxd Lerdn or sccured hereb~ as6
11 baoome dne aad pqa6le foctLwid~ or therca8er at t6e oondnningopt~oo of tie
Morejagee as fully ~nd aompktd~ as if said agireQue wms were ori~inally stiFnlsted to be paid u suc~ eime, aorthieg in aaid pnmiwo~
~wte or 6erein to t6e oonuary notwitMtandiug and t6e Mort~agee s6a11 be enntled tLe~eupon or tLereafter witbout ootice er demaod to io-
stitnte wit at law or ineq
cut~ to enforoe the~
a of tbe MongaBre ?ereuader or undcr ~aid P~oa~iaoq? no~ In ttie eseat of aa~ ddanh
or breac6 0o tbe put of t6e Mort~a~ur 6ereunder o~ ~mder said pcomi~arr uoc~ the Morc~~ee shall hrre tbe ooatinuin~ optiaa to eafora
pa~ment of all sums secared bereb~ b~ aaion at law or b~ suit in ~a~, m~~ ~e;, ~ ae~r ~~~„~uy
aod oae action or suit s~all oot abate or be a bu to or wairer of tLe Mut~te'~ ri~6t to iauitute or mainain tbe ot6er~ pro~idcd ~aid Mort-
~a~ee sbap 6a~e only one pa~meat and satisfaetion of iaid indebtednaa
14. T6at in tLe tvent tbat Mort~a~or s6s11 (1) ooo~ent to tbe appointment o~ a reod~er. tnntee or liqnidator of all or a subtandal
pa~ of Mortp~oe9 ssa~. or (2j be sd ndicaad s baniunpt or imohaiy or Sle a~roluntsr~ peti:ioa ja bankruptc~, or admit in wridos Its
inabi4t~ b paJ its debn as tLc~? baooa~e ~ne, or maioe a`eoenl a~si~omest tor t6e 6mefit o~ uediooa, or (4) file a petition or adwa
+edont reor~niuaon or arraaeemmt wit6 cadimrs, or to ute ad~aots~e of ac~ imot~eoc~r.taw. or (S) fik an amwer admicein~ tLe ma-
errial dlegetions of a petitwo filed s~ainu tbe Mortgs~or ;n aor banlwpa~, reor~anisation oe inalreuc~ p~oceedin` or (6) setioa s6aq be
aken b~ the Mwtga,~or for the pnrpo~e of effatin~ anr of t6e fore~oin~ or (7) an7 ordet. jud~,rueot or decree aball 6e entered npc~ an
application of a caditar or Mortgagur b~ a ooart of oowpetent !'arbdiaioo approrias a pedtioo sakini jPPp~~t of a raei~er or trmtee
of all or a sabstaatial part of t6e Mort~u~s a»eb and sac6 arder. iadpnent or daree shaU oontinne ~mta~ed and ia effat !oe an~ period of
~oe
thi~ (30) oomauti~e dap. the Mortga~eee ma~ datarc the aote heteb~ sa.vred tott6wit6 dat ~nd pa~abiG w6ertupan ebe principa! of and
tac interat aarued oo tbe note snd all ahcr aums 6ereb securcd sb~ll bcoome forttiwit6 dne and of ttie ssi ~umr of
g e 7 ~n pa~abk as if all d mooe~
..~rc o~~a~~y .c;p~~n~ co be ~a oo aar; and thereupon t6e Mo~ ~it6ont notice or demaod may proiawte a suit u[aw and/or
in equit~ as if atl monia ~ecured l~ereby htd matured peior W ib ia~dtutioa .
1S. T6at tbe Moctgagee or any peraon aatborised b~ tLe Mortsa~ee shall 6sre tbe ri~ht to enter upou ind impat tbe mort~ed
premisa at all re~ooable time~.
16. 'T6at any wm or wms whkh mar be baned or ad~snad br tbe Matp~ee to tbe Mortp~or at an~ time wit6in tm (10) 7an
from t6e date of tbis indeatwe, co~et6er witL iaterat t6ereon at tbe rue a~recd upon at t6e tfine of wc6 ban or ad~aooc, s6:11 be cqoall~ ~r
cured witb and La~e the same priorit~ r tbe o~i~inai indebteduea and be snb'eet to all the terms ~nd pro~isioos of t6is mo*tpje: Pro~ided.
chat tbe a~ate amo~nt of pnnapal owuandin~ u aa~ time sball not ~ an amoant e~qnal to one hnodred aad ~iit~ per emt (ISO'Xr) of
t6e priaeipaf ~mo~t origiadl~ secured Leabr _l
17. T6at~ ii rcqmred b~ Mor~ee~ tbe said Mortsyor wilt pa~ mta t4 Mortp~ on tlie Srst ds~ of sacb and e~ery ooo~eeua~e
mont6, a wm cqnal M aertv?elft6 of tbe ~naual amount neoprar~ ao pa~ dl -tata and a~a~menb a~aiast tLe ~aid
monthly snm to be dtimated sold~ by Mortgagee aad cafcnimd ~o be an amo~me mt kM t6an t6e amoaot of taus asa~ed P~~ ~
ag~ioit wd moct
Bs8''~ Pt~~ for tbe prrriom lear, and if fnrther rcqoired b~ MortgaSK ~ Ps7 all insaraaoe premium~ fa maaner and form a~ p~o~ided
heran for the paywent of. tua and u~es~mmb.
lf. 'I'6at in t6e e~ent t6e ban w~ic6 t~is is p~ to ~eeure b made for tb aE $maein~ dt6a tLe ooo~tn~etioa
or
of new 6uildinp or the ~oo of hnpc~orm~es or addidoo~ o~ at~tias b~dWio~,~ t~s if
e:prasy a~ras co depaic~ wi~ tbe Marc~a~ee or ies dai~oaced agant an amo~mt of money eqw! ts t4 ffereoa~wem~~
~~p~'
of the loan and tbe cotal amaroy as daermined by t6e Irloct~ee, requitad m fnli~ aompkoe aid eoo~traedoo in aooordu~es witr t5e plam ~'t
~d spaificatioa~ baeto~ore snbmictcd b~ tbe Mort~o~ and a~pp
eond br t6e Moet~a~ee. Said amouat of mooe~ ~6a11 be plaad b~ tbe ~
Mort~agee in a"Loam in Prooe~s Aoooua~' in the name of the Moccs!g~?r. aAd tLe wee ~haU be wed b~ t6e ~ tLu i~a tLe e~ot
char~es aod e:pensa inenrred jn oo~ec8oo witb ~aid cooKraeWta~ pnor ~o dLb o~ t6is loao. It is fuet6er
~aid oomtruetioo u aot fully oompleted on or before tbe dae mted in the C~ O ~ L
w n o
r i n e
b e e~
e n
t t
h u t~
e w o r
k a a
uid aoostruaian shaU case 6efare futl com~letioe ~od soe6 ea~aaioo ~hall ~ootinue tor a veriod~0? da or 3f sob~t~ntia) ooodaooa~
pro~ras s6s11 not be made in sncL oomtrochoo, theo aad ia an~ we6 e~em d~e stid ~repte ~am. PrfaciPal ~ t~mrp~. me~tiooed in ~aM
Promisoq note. and all maiia secarcd Lereb~~ s6aU beoome ~ue and pa~abk ~ott6r~Itr or tiereaher tt t6e option a~ taid Ko~ee: aod Is
c6e e~eat of aub «ra6on of work npon ~aid oomtroetion !or a perfod af tea (l0) da~y or if ~o~t~oast oontinnonr pro~reu ~ball not be
made in aeeL ooasuuaioo~ a aforaaid. tbe Morep~ee my at Its optiao eater juto and n tLe mort
~trucdoo in wc6 maAaer-ai it deems sd~i~able wit6out aa iotertereoee fiaw tre P~ P*~~ ~d oompkec aid oon- r
mtrf iaw aod u atd ' d~s s+~as
to tbe Mort~ssee fnll power and ancborit~ eo make sneb ~ Pon moresa~cd ~d m eater ineo mch ooatrads or ae~
ran~anena as may be neoa~arr eo oompkte said ooo~tnxsioo~ and eo apmd ~n7 mooia nmoai~r~~
said 'Zoan~ in Pr«ew A~ooomaP aad
in additioo an7 sums of uwoe7 aaoewr7 to eowplae said oon~trntaon; and ao~ aod all monta espendcd b~ tDe Mort~ee in ~ooneetlon (
wi~b sue6 oompletion of ooo~truaioo in emas of tbe monia 1n said ~'Loan~ in proees Aoooant" ~6a11 be added b ebe ~d priaeipal d~bt aod ;
s6alt draw interat u tl~e rate pro~ided ia said pramiswr~ noce~ and shatl be ,eeured b~ c6i. mor~a~e, aod ~i 6e pnabk b~ ~Le Mor~ ;
~
8~K164 ~~08 '
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