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Home My WebLink About0676 . ~ s 11u ib tM srenc ef a suit bdas ia~euted a fo~ecla~ t~b atatp~y e?~ ~es ~Ysll b~ satickd a sppy ae aq~? des dncio~ ~ucs toralaur~ sntt to tre oourt ra ' 1'urisdlcdoo ~ foc t~ sppototmeut of a teca•er of di and ~taNtu tbe moctp~ed W~oPat1'. ae~ u oE all reop~ iaoome~ P~ofi i~wa~ rsveaua t~ereof; rom Rlaaoe~u wura dai~cd; aod t?ereupon 7t if ?erebr ~pea~h w~eaaace~ ~a aod asnsd e~at ths coure 1 fon?wltr appant sucb reoei~a wltl tb~ wual powsn acd dutia oE reee~~en. in Ulu eaa; aod aid a~ ~pdot ~ e~ 1 be made bf t?e oourt ~ s~oattec oE ucia rt~he ee tb l~i~Wtp~cq aod wttlout reheroa m e~e adeqwq or iwdequ+iqr aE tM proraV rsnb er ~o tM wheaqi ot ta~olrea.7 0! tYt Mo~tsa~or ot aqy ot6er pa~qr dckadaot eo we? w~i~ T?t ~ rball be~iaad~~ aa admitted~ a~ ~ a m~ucer of~ab~iaaof~a raei~ d aforaatd aod rersby espn~ly ooweaa ttiat wrci ootk+t ro tM ~dort~a~oe ~ and t~at tM ame a~ be daot wltlont 'I1a tf u~ lroeeedinp ~bouW b~ imeieueed apinc e1e P~P~s oo.eced br ehi, mo~ase upon ao~ ot6er lise or ctaiw w~ ~uperio~ or~uoior b t6e tia ot thi~ tM btort~a~ mq u ie opti~ immediateU upoo Iatitutfoo o~f sueb suit or duriaj tb pead- ~ tbe~eo dalare t6i~ mo~tp~s aad~ebadnw ~ecnred benb~ due sal paysbk foet6witti aad mq ~t Ib optioo pcoeeed a ~oe~eela~s ~ To pa~r dl and dt~ulu t4e oat~ fca. eb{~~a aod ~pe~a of e~a~ tiod„ lsetudta~ t6e cat oE ~a ~btract af titk ta said lani touod w be oon~eaieut or e:pcdieot Iu ooaneetic~ wit6.ao,~ wit for t6e tocec{aure of t6i~aoo~t~, aud abo Indwiiny w6etLa e6~ i~ oalipced to ~ame or not. rason~bk aetornej'~ ~ca imwrnd or cYpeoded at so~r tlme b~ e6e t~o~epsee beawe of tie tsii~~ l~o~oe b oanpt~ wttti and ablde b~ a!1 or aq~ o! t6t oonnsnti, conditioa~ aod ~dpnlations eE aid proai~oqr ooar, o~ tbia ~a~e, ia iweclosure of thismo~a~e aod tn oolkcan` tbe amouot ~ecarcd 6ereb~ wit? ~ witlo~t kp1 a.d M t~eiA1• bur~c tbe for e~rccy p~ymeat made or incureed tor ta~ wcbp witr lntece~t from d~te ~ ereq ~ps~ st d~e nte d ~ P~+ Pa ~um; suc~ pa,~rmeoq and oblitatiowr wit~ L~ t~enos aa afwaaid. ~6sU bt ~ecurod b~ t~e 4ea tiereof. 1b1~p eM b~dldio~ or bW aow ae tierafta on wid land inweed a~e~ lor or da~aa~e b~ 8~y act~ded oo~era~s aod a6er P,a+b. inclwiios wu cbt iowr~e~a~ailadlq in a~mn uot las t6an tbds fuit tn~nnbk ~aine a tLe oat aud acpeae of t~c lr~ort- ~a~e~ in a oaapaq~ or oompaaia appro?ed b tbe Mortsaseq t6e Po~7? or Polieia ~o be bdd b~ t~e and sne? polie~ or polieia oE imunace s6ali 6sre af8ud trereto a Saod~ New Yort M Clau~e, makios all IoM or. loae~ wder Fotk~ or pdida psribk ~s t6e Mort~s~ee as ies iataat may apPear. aad oo deH~er satdl po ~ or Palkia oo tLe Mort~a~ce wbea iaued witb tk raeipb io~ tiep~- n~eat of ci~e p~emium tbeoe~or; and in tDe e~eot atyr ~mn of becoma pa able uader sue6 polk~ or politia. t6e Mottpiee sball ba~e tM optioe to ceoeive and appy t6e wae on sooouot of tLe indeba new ~ecnred ~Y or to pKrmit the Mort~a~o~r eo raceire and wc i; or an7 pa~t t6ereoE~ for other parpo~e~ wit~out t6ereb~ wairi~ oe unpairint W c'9~i4. Uea or~ uudec or by nirtue of t~ aad tie Noetpsee i~ it dams aeceaaq mar laa and par !or wcb imur or su7 Part thereo~! wIdwut {osin~ wd~ or ~~orN w o ~o toreclae foc breac6 of connanq o~ sw? pais ~ or aar r; w opboo. uader tbb mort~a~ and e~req wel pa?- W? mmt 1 beu interat from due t6eraof ~ntil paid at dre rate of d~ per oent (i ) per annwq and all wes p~ymena. wit? IeteraR ~a aforaaid stiall be teenred b~ die Uen benof. In t6~ e~eat an~ tar or d~m~e L snffaed 1~lotqa~or sb11 ootifj Mor~ee o! a~ lor ot d+~+~s~ ~dw+ ~Rs-~du (N) boun aita tl~e bap~eaia~ t`eeeof; t4 tailnee ~o si~?e sye6 notiee shall coo~dtn~e a defs and tLc ~or~- gee ~6a11 ba~e t~e ri~hts 6erdn ~i~ea for aU defautb. To permiy ooo~mit o~ snlfer no waKe aad ~o mai~tain t6e iinpio~~ u sll eima in a stue of o~ ~r aad ocadieioa; md a ds orp~ t~0 6e doot to ~aid premi~es aothint thst will aher oe e6anre t6e ~ae and cbaneter of said ~ in aay wa,~ impstr er weakm tie securitf o~ saidm~o~t~a~e. In ase of tbe af~wl. ne~ket or in~bilitp of tbe Mortsa~or ~o r aod maiat~io ~aid proPert7. tbe ~war, a in opEioo, mske we6 rep~tn or awe the ~ame co be made and adraooe mooia in tbat be6alf w6icr su~ns sball be ieeured b~ d~e ~ae Lere~f aad besr iateeest ac c6e r+ue o~ ei~ pa ee~t (i9i) per w?um. 10. To ddj~u tbe sb~tnet or ab~traeb o~ tide aonrin~ tbe morteased pcopert~ to Mort~ssee or tb daisoated a~eat. ~vhic6 s6a11 at ali timeti durinQ t?e life of dds moet~t, remain in tDe porenwo of tbe Mort~stee aad ia e~ent of t6e focalaun of t6is nart~e or a6a tra~fer of ticiq ap ri~6t. dck and iacerac o~ cbe Mortp~or ia aod ro ~ny suc6 aber.et oc abKracb of 6de a6aU par co tb~ purcba~e~ or 11. Zbat oo wai~er ofao,~r oo~ensnt Leeeia ~ in tLe oblipaoa secnral 4ereb~r ~6aU at anp time tiereafter be 4e{d to be a~sai~u o! anr of tbe otLer te~a~ ha~aof or of t6e noce ~eonred herdrl- 12. 'Tbac in order eo ~oederne ~6e mseurit~ of the inde6tedner 6ereb~ ~ecured beuwe oE c~c f~ilure of tk Mortp~o~ ~o P~7 ~7 ~ ~?als~ liabtUtp, obli~tioa o~ ena~mbrance npoa ~aid pioperq a~ ~eceia pro~ided~ it stiap aot be neoeuac~ nor requistte trat t6e Mortp~ee wr ~ •aoe. 13. T6u if tbe Moetp~or t6aU fai1. ae~kec or rsfou tor a period o# tLtrq (30) day~ faUr and PrasPdp oo par the aooo~md t~e- q~dred ~o be patd iry t6e noae berebr seenred or tre interat tberaa speeified or ao~ of tLe ww o~ nwoe~ 6erein referrcd to or ~ ~a enred. or ae6erwi~e dob. ~b P~~l? b Pa~a+a. e~ee~e. eom~r wrieti and abide bp ae4 e~eqr o~ anr of t4e oo~eaauts, oood~tioo~ or W'pnlatiow of tLi~ awetp~e, tre peomwory aobe ~ seenred aod/or t6e oomtruaioo bfa ap~e~ if an7. tbe4 aod ia eit6a or h aor a~ ~ e~a~ wie~out notiee or dm~aud. tLe said u~ a~iaocd in said promi~wr~ nae. tar prnrious pa~meaes, if aay. aud aa~ and sll soms mmsioned 6erein or t~etuted hereb~ ~beoomc due aod p~~abk fo~ciwit6 or t6etca[ar at tLe oontioatoa optios of ttie 1so~p~ee ai fnllt and aompletd~ a~ if sdd a~regue wms was o~iynallr sttpnlated to be pa[d at sneh ame~ anythtog jn »id P~! note or 6e~eta ta t6e oontrar~ and t6e Mortsa~ee sralt be eobtled t1~n~euPon or tLaesfter wicbo~u aotice or demaod to is- ~tinm wit at law o~ in e~ -t6e of tbe Mort~e beannder or noder said promiMO~ nota In tAe armt ef tu~ ddsnh or M~ese6 on t6e put of or ~mda ~aid p~ note. ttie M~t~a s6a11 6ave tLe ooatia~riaa optiao ~o eaEoece M7~~ o! all su~ seenred 6ereby ~ aeeion aR Lw ae 6~ adt In eqaitf ~o foe+eeTae t5is mo~aR, dtl~er ~ bmtb. co~ocu*rmtll or ot~erwLS, aod ooe ~ction or wit a6alt na abate or be t bas ~o or wu~u a~ the l~~eds ri~Lt ~n imtit~m o: maiuann tLe ot~er. p~o~ided said Mort- p~ce ~ball 6a~e aay ooe pa7ma?t and aRisfactioe of aaid jndebtedoeir. - 14. ZLst ia ebe r?ent th~t r s~aU (1) aoo~eat ~o t6e appdotmeot of a reaiva. t~mcee or Uquiduor of ail or a su6wotid psrt oE More~'s st~eby ar bs~kaoed a b~skeopt or iad.~. or Sk a fol~mtae~ paieim in bankruptc~, or admit in wrtdn~ Iti - iuabiliq Ie pq ib debts at d~e~ b~oaee ~ae. or (3) make a~anerd wi~oenc for t4 be~it o~ creditoes. or (4) file s ~ see~n~ teoc~aoisadoo or w~h credimes. or to taEe adraata~e of anr imohe~er law, ~(S? Sk an aa~wer ss.R teeial a! of s paitioo~l~apimt tbe Morep~oc in an7 ~~P~7. ~P~s~on or imobeoe7 Prooeedint or (6) actlon ~6si1 be takea bT~~ ~ tbe purpae of effeain,~ an~ o~ tLe fore~oin~ or aor ~w i~ o~ decree ~halt be emcerd apoa ao a of • aedi~x ur b~ a oourt of compete~ j~dietioo appr~ic~ a petition ~eekins appoimment o~ a reai~er os tnu~es all or a snbw~ial pset oE tDe s aNeb and ~oc6 or~er. jndpoent or dara ~hall aoatinae ua~ta and ia effat fot as~ period ef (20) ooo~ccad~e da~ the Ma~ee mq deelu~e tbe note bereb~ saae~ed fnr~bwttb dne and pal'+b~*'6muapoa tbe v~i~eipa! of snd t~e saroed oa tre nae and di octier sum~ Leceby secured ~hsll beoome fort~wit6 dne and P~7~bk a~ if ap of tbe wtd smn. of mooe~ in eq~~n~t~ al~t m~oai ~ix~~e+ed~ba~ebl lisd rmaiared t~aeopou tbe bla~t~ee wit6ont notiu or demsnd ma~ pruien~te a suit u ~aw snd/ar peior te ib la~dtotiao. ; IS. T1~st tbe Mortp~ee or an~ per~on aotLorited br t~e Mortp~ee ihall bm ttie ri~?t to enter upon ud i~pect tLe mottp~ed premisa u atl naooabk tima. - 16. T6at an~ sum or swms wLkh mar be ioanal oe ad~anced b~ tbe 1~e eo tbe Mort~or u an~ time wit6ia tm (10) ~an ftom tbe dste oE thi~ indauore, ~ with interat thawon at t6e nte a~eed npon at t6e time of a~cb baa or ad~aAee. i6a11 be equsll~ se- eured witL aod ban tLe »me prb~iq a t6e orisiwl jad~tedaar and be snbjat tn all ebe term~ aod pra~isioro of dw ao*tp~e: P~mided. t~u t6e a~re~c amo~nt of p.1 oa~Ins at ~ ciae ~6a11 na e~ceed an amonnc eqnal co oac 6nodced and fitc~ per oae (1S0%) of ei~e peincjwi mou~ aei~iad~s~ed bereb~ I~ T1ay it nqairsd b~ Nart~eS t~e sdd ~ wbl pa~ o~o t~e Mo~ on tre Sert da~ of ach and e.eqr ooo~ea~dne ' sontti, a wn~ ~ o0 ooatwelfeh of trc annnal amoont naonar~ b pap ol -tata sod ~e~r~nb apint t6e ~aid mort~a~ed Premtsa. sdd ~ moot6lr sam to estinoated wldr b~ ~ aod edculatcd ~o be an amo~mt aot Ier tLao t~e aeooant o~ teza sNaud a~t add ~ott- - P~ P~ P+~~ 7~. ~ fnrtber reqaired bp Moreg~ee to pa~ ~il insnnnec pzem~am~ ia manner and fors a~ pro~ided rerdn for t~e p~qa~eot of. ta~os and a~esmecb. ii. Ttiat ta tLs e~reat the loiw w6icti tWm~ M ~t~ ~o ~ecure b mads fos tis of fiwodo~ ekies tLe aoa~n~aio~ eE new baiWi~p or die oaourue6ao of impnrewa~rc aad/or addidoe~ eo es~a,~ bdldiopr tMp l~or, if reqnt b~ tM ~aeep~eR aPrasi7 ~eea to depo~if•wit~ t4 N~ps ot ta d a~mt aa a~oamt oI oo~ef qwl es ttie fteimet between tie set ot tbe bsa aad t6t eoal a~oun~ ai determined 67? d~4~~K~~e, es i~ib oosPM~e aid eoa~ro¢daei Ia aooordaaa wh~ t5e piaar ..a .paatfa~O« ~o~s ,a6mie~a b~? d» ~rtp~o~ .oa apyn~~ t~. Mo~t~. sda .oo~ oE mooe, .wn bs w.aa b~ aYe 1~ee in a'?.o~w ia proor Aaooaot" !a tbs naioe o~ t~s Mfor .~od tw pme ~11 b~ ured b~ t~s 1~a~fsa~ee ta pn t6s catr„ da*p~ ~ed ~spewe~ tnwtced is oaaoeeiioo wi~ ~ ooo~ae~ petor es `~bortla af etiis lo~a. It b far~r ssreed tL~t is tM erat wid eoaueuctioa b not toli~ ooapleted oa or brpon tM d~tt ~qt~d i~ tM Lom or io tw e~mt t6u tfe wort e~ nid eoo~erocdon stiap owe bstoce fuil oom asd ~i oa~atioa ~haii aoadaat ~ a p~iod ba (10) ar~f wb+taadal oood~noear ~eoper aial aot be made in we~ a~o~oo,~eLea aod ia a~ weti snat tie ~dd s~re~e ane. PdndPal~ loteray meationed ia ai~ Mosi~oe~ no~e. aad ap mooia ~eeoced ~ ~hap beoaoe dw ~nd is ~e~t~r~ oe twesaka at t~s option af aid sid L ~de b weti ooa~an~edao~. a~~tbeai~ ooo~troabo tir a~ te~ (10) da~~ ar i~ ~al oontinasu~ pra~ter~~ net 6s mq? at ie~ opeiai e~er lnto aod apoo t6e t~ pre~~a aad oompie~e a~~i coo- McoeBoa is ~oeh ma~aer o it dees~ ~d~babk ae~ ia~moe ires t~e i~~or; t6e W~d l o~~Or ies~h i~*~L ~ a tk Mort~ee !nD power ~od a~mh~ tu make a~ eatq imo aod opoo aid so~a~cd ~ eaeer iaeo wc6 ooatraw or a~ ~nu ~ w ~ msy be oeawe~ to oompka said cm~troetieq aea ts apead a~ asoais n~ovsinlo~ tn -idd 'Zoaa~ ta Prooe» A~oaawt" ~nd aq~ !a~ of aoae~ oeoa~sq ta c~o+Pk~s a1d eoarteoetJoa; aad as~ aed sll mooia ~ br ttis Irtort~a~ee in aooneetfo~ wit~ aae~ oomplasoo of eooKroedoa ie e~oas of e6e mooia in said "toau~ ia Peoas A~oooua" d~p be adaed a eie aid prieeipal debt a~ ~Wl draw i~ere~t at tLe rne pre~ided ta said promiMOC~ be c6i~ mortp~ aod ~all b~ pqsbk b~ t~s ~ ~ 13 ~ - - ~ ,~g~ - - - - ~ . _ a` s