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3. Tru ia t6e e~reot ef a ~uit betns ~mRituted eo toraelas tWt aoort~a~ tM ldoet~a~te ~al1 ee eotitlsd to sy?b ~t au~r das dudo~
•ucr forcclowrc ~uit to t4e wurt 4avio~ jurisdictioo tl~c~f tor tbe appoioaaeuc of ~ roce~~er of sll sod No~?lu the worts~ed properqr. aed
of dl not~ jaoomc~ Profib~ i~sua aad re~?eana t6ereof. rom ~rhatae~er aura dert~ed; and crs'eupoo j~ b 6erebr aprasly eo~waated
and a~ecd t6at t~s rourt sball tort4wit6 ~ppoiat suc6 ~aei~e~ wlth t4s wual poKea aad duda ot ceoei~crs. ia liks casa; and said ~p-
poiatmeat s6a11 bs made er ebe oouK as a matte~ oE ~ria ~i~6t ~o t6e and wit6out nfeceoa ~o t6e adequaq or tnadaqwhr of tis
~alue of t6e properV be~ os oo the celreah or lu~ol~eaq
o~~f ~ i~l
ortp~or or sqr otba wrqr dcEeadant to sucb wtt. TM
~lort~a~or ?cceb ~peci~ly w ~a c d~bC eo objea ~o ebe .ppdaauau of s nca•K a aforeaid aud he~ebr upnaly oaaeau chu wei
~ppoiatmeat shal~ be msde a aa admiead equiqr aad a~ a maaer ot absolu~e ~i~c co cbc Mort~ts aud tbu ebe wae m~r be doae witbout
no~ics ~o t~ Mort~ajoe
i. ZLat if aa~ proceedin~s ~bould be imdtuted a~ainK t6e pcoperq w~end br t6it morep~t upon an~? other liea or claim wtiet~er
~uperio: or juaior eo tLe lieo of thi~ ~aort~a~ tbs Moetsatee may u tb opaon inuncdiatet~ upou inaitucion of wc6 sutt or dnrias tre pard-
th~i~ m~o ~ot daiace this moctssse aad t6e iodebadnas a~cured Lereb~ duc wd pynble fo~t4wicA and m~,p at ia optioo peoceed eo ~Oree{o~t
~
To pay all aad lu tLe oo~t~ tea, etiarses aad a~peo~a ot e~eh? tiod~ iodudio~ tbe oat of an abt~act of titk eo ~aid isnd~
fouad w be oomenient or e~mt in ooaaatioo wit6.aq~ suit fot tbe foreclaue~e of tDi~ ~ and sLo iodudia` whetbe~ tbe
n mo~ e,
;s obGpted to ssn?e or not. na~ooable atoo~aey~ ~Eea ineurred or eYpa~ded u asp timc b~ tbe Mo~ee beeawe ot tbe failure t6e
atoo ae
Moct~o~ to ~m. caoplp wit~ aod abide by all or aaY o~ t6e co~eaanq, cooditioa~ aod uiputation~ oE sald promirorp twty or t?ia
mor~a~e. ia c6e fombsure o~ t6i~ aact=aje aod !n oolleetin,~ ~be amount ~red hereby witr or wttboat kpl prooeedinp. and ~o «Id-
burse the Morc~s~ee fo~ every p~y~nent made w iaeurnd tor uq wc6 ~ucpo~e witb interat fraa dm of sveq sue6 pa~ent u tbe rat~e oE
p~t Pa oent (=76) Pa aonmo: we~ pa~menq aad obli~ witb ~ t~creoa u alora~id, s6s11 be seeared b~ the liea 6ereof.
i. To kap ere buiWios o~ buttdiap oow or 6enafter oo ~aid Iaod iawred a~a~n~t loM or damap b~ ti~ eaended oo~rera~c so~
ra c so
ot6er perib, iaeladios war rbk inwraooe iE a~ailsble. in a~mn ~not las c6aa t6dr full imur+ibte ~alue at the oat and e:pen~e of tbe Mora
~a~oe in a oaapany or oompania appro~ed b tLe Moetpsee, tbe polier or potida to be bctd by tbe b~acd wc~ polie~ os polieia of
w
imuraace s6:1! 6are af8zcd thereb a Stand New York M CIauK, mskin~ all {oM or losses unda s polic~ or policia parabk ~o
t4e DM~tga~ce a~ ib intecat mar appcu. and ro deli~er taidn~ or policia ~ t6e Morcgasee w6en iw~ed witb be recejpc~ ~or t~e pa~-
ment of tLe pnmium tberefor; and ta the eseat an~ awn of baana parable uader suc6 polic~ or policia~ t6e Mortgasee s6a11 bsve
the option ~o ncei~re and appi~r t6e ~ame oo aooou~ of tbe iod~ ~ecured 6creby or to pcrmit the Mortgsgor to recei~e aod use it, or sq~
part t~erouf, for otber purpae~. witbut thereby wairios or iw~airins aq~' eqniq'. iieo or ri undet or br ~irtue o~ tbis mort~e• and
t6e Mort~aaee i~ it dams necasar~ may pl~~oe and pay tor wch ~muraae~ or aar paet . witbout laios. wairin~ o~ affeenng ~Ioet-
~ee'~ aptiou oo foreelo~e for breaci~ of t6ia omrenmy ~ W part thereof. or aq~ rig6t or optian undtt tbis mort~a=e, and e~etr W7'
mau ~6di bear ioterat from date t6ereoE until paid u t6e nte of dsit pes omt (s~16) pa annum. aod dl t~eh parmma wIt? interat rt
aforaaid ~6a11 be sa.vred b the lien hereof. In tbe e~mt an~ loa or damase is tnffued Mo~qajpr sDaU naifp Mnrtsasee of we6 loM or
dama~e within tortY-ei~t ~4i) boun after t6e 6ap~eaioa thereof; t~e failnre eo pre iuch aotice s6s11 caaatit~rtc a dehuR and t6e Mortp-
gee ~6s11 bare tbe sighes herdn ~i~ea foc all defaulo.
9. To permiq commit or suffsr no wa~te and to mainaln tbe impro~menq u aU tima in a aue of ~ood repair and ooodition; aod
eo do or~t ~o be done to said premiscs nothtns tLu will aher oe chanre the u~c aad e6ataeter ot ~aid prope~t~ oe in anr wq impair K
weaten secucit~ ot uid nar~a~, Ia ea~e of tbe nfwal, ne~lat or inabi4qr of tLe Moct~a~or to repatr aad a~ainaia »id pro
perqr. t6e
by~ her~aof
aod ~ntereu at t6e r
a ot d~6t per oent
(f96)
psr aonum. ad~anoe mocies in t6at behalf wbic6 tum~ s6aii be s~enrcd
10. To ddi~er the abttaet or ab~tratb of titk coretins t6e mo~ascd peopertr w Mortga~te or id dqi~uated ageat, ~sLie6 sball at
al! tima, durin~ the life of tLis mort~ase, rm~in In tbe poMnsioa o! tLe Moct~ and in enent of t6e foralosure of tLis mort~s~e or a6er
cranafer of title. all «~6y dck aad iaterat of the Mat~r ia sad to any snch ab~eraet or abtracb of ticle s6aU ps~ to tbe pureba~es oc
era~cce.
1!. Thu no wyirer ofas~r oo~eaant ~adn or ia ttie obliptfoa secnced 6ereb7 s6a11 u an~ time 6ereafcer be 6eW to be a Rai~er ef
any of t6e otLer te~ her~o~ ot of tbe oote secuced
1Z T6a~ in ocda ~o aoederue tLe munricr of e6e tadcbcedne. 6cnb~ secured beawe ot c6e f,ulare of ~be Mor~ co psy anr as
a~eament. UsbiGtp. obliptfm os eaaim6rance upoo stid propaq~ a~ 6erein pea?idsd; k iLall not be a~eewr~ nor req~isite t6ac the Mort~a~ce
.6,n 8nt psy cbe ame.
Is. Tbu if tLe Mort~a~or sLall fail. nestat or rsfac Hor a per;od ef cLiecf (so) dara fnA and promrd~ tu wr che amouoes ro-
r
qnired to be paid by the note bereby savred or the Interat t6erein speciRed or anr of tbe mm~ many berdn referred eo or bereb~ ~
cured. ~ oe6erwi~e dat~. ln~tj aad prom~d~ e~ perfoim. ar~eutS ooo~~y witl and abide bY eae~, averp or an~ of t4e eorenaots. oondidoa~
or ~ti~,~~~ of tLi~ mott~a~e. de pe+omtrocy note heceb~ ~etar~d ana/or the eaatnxtion loan s~reea~t, if an7. t6en. and in dt~er or in
an~ o~ ~ac~ e~ma, witbont notiee or demand. the saidt~e~
te w~a meatiooed Ia wd pramis~oq noce, la~ previous parmeab, if ao~. aod
aar and alt :w~ mmdaaed ~eraa or .eeured hcrcb~ s6a11 beoome ane and pa~sble fort6wich or chereafcer ac tbe oootiouin~op~o~ of tie
Mor~ee as fully aod oompletd~ as if said aace~a~e aum wae orisioalij sciFulated to be p:id u sueA tira~ anytLinB in said ~n~oiMOq
aot~e or 6eraa eo t6e conmr~ aawjtbstaodiq~ and t6e blort~a~ee ~6all.be awtkd tbeceupon or tberea8er without aoeiee or demand to !n-
stic~ae sait at law or i~eqmp to mfora t6e of the Mortsagee tiereundu or uoder ssid promi~or~ note. Ia ttie e.reat of an~ ddauh
or 6reae6 an t6e part ot tAe1 ~6a~or nnder said promiwor~ mcG tre Mortaa~se s6a11 La~e t6e oondnuioa opcion to enioroe
M7~t of dl suoe ~ecurcd l~uebj b~ttim a law os b~? snit Ln eq~r ~o foreelae ebis mort~a~e, eitber or botL, cooeurrentl~ or otLcswi~y
and ooe action or wit ~hall not abate or 6e a bar to or wa~vu o# tbe M~tp~ee"s ri~t eo iaaitute ~ msintain tbe at6er, pro~idcd said Moet-
~a~ee s6a11 La~e oalr ooe psymme aad atitfaetioa of s~id indebtedneN.
!4. ~3at in tbe ereat t~t Mort~a~or~6~s11 (i) ooment ~o tbe appoiutmeat of a reoei~er.:rwcee or liquiduor of all or a~ub~aoad
put~ ~of Moetp~o~'~ arat, oe (s) be ad udie~ced a baekropc o~ imoi•eoy or 8k a rolu~ae~ petition in hankruptc~. or sdmic in ..ritius te~
inabitie~ a pq ia deba as eie~ beoome ~o~ or (3j mske a~eaeral a~d~ommt for tLe be~it of aedioon, or Sk a paician or auswa
~ednni tao~soisatiau or t witb ersditas. os to take ad~raota~e of sn7 in~ol~mey law. or (S) fik an an~wa admittins ctie ms~
~e
ccriat slkptioos oE s petitioo kd spimt tbe Mo~or in sar baakrupoct. e+aonaaisation o~ iasoheoc~r p~oceediny or action s6dt be
takeo by tie Mort~ar for the purpae of effatins an~ of t6e fore~oin` or any orda. iudp~mt or deeree s6a11 be a~cered npon an
applieuioo of a aedioor or M~ort~or b~ a oourt of oomP~ ~PP~~t s Q~~ ~~i ~PP~~nc of a reeei•er or truKee
of dl ot a w6~taotid part of tbe Mort~e~ot'~ a~ees aad ioeL indpnent or decree sLaU aootinae nmta~ and in effeet for aay period of
tLJrt~ (30) ooo~eeud~e da~ tLe Mortga~ce ma~ dalare ~he no~e 6ec~ ~ecnred forthwitb dae aod palnbiq, w6ereuupoo tbe pri~ipai of a6d
~he interat aarued on e6e note and alt ot6er suar ~ereb~r securad s6~11 beoaroe tortLwitti due ind pa~abk as if aq of t6e uid sum~ of moocp
were ori~nall7 rtipdated ~o be paid en wc6 day; aod t5eieupoo t6e Moctsasee wit6oat notiet or demand ma~ proiccute • suit at law and/or
in eqoit~ as if aU mooia ~eeared 6ereb~ bad matared peio~ oo it~ io~titntiao.
1S. ~at tbe Mort~a or aay pet~on sotbotiud b~ t~c L~tort~,s~ee shali 6m tbe ri~6t eo enter upoa and io~pat tbe mortp~ed
p~anisa at ait r~easooable timea
; 16. Tbat an~ sum or svms whic6 may be losaed or adraooed bp d~e bbttp~ee tu t6e Mort~a~or at aa~ time witLin ten (10) ~ean
! from tbe date of this indentnre, m~ther with interat tberaon at t6e rate ajeeed opoo at the time of auh b~n or ad~auce. shatl 6e equatt~ se-
eared wit6 and ba~t tbe same priorItp d t6t oriiins~ indebtedneM and be wb'eet ~ ap !Le terms and prorision~ of t6is mortPa; P~~d.
d,ac tLe a~rr~te amouac of pai a~inj a ao7 eime ~hall na ~ ao ~monoc eqoal eo one hm~dred and Rtc~ per oent (1S09G) of
c6c principal amomt ocisinal~r
~~ecured tiereb~.
montL~ a ans~ 1~
ooacwcl~[tb~aanaal amoaat a~oew4~m P
7 s11 ~puoa wd arewmenb~
~apidtdtbe sai mort8a~
ramisa. ~ids
moot6ly smn to be aamated solehr b~ Mortp~ee snd calculued ~o be an amonae not kN tbaa t6e amount of tsus asa~ed a~aimt said mort-
~a~ed Premius for tbe pre~iar 7aq aad i fuKher required bT Moctgr~ee to paj all imoraaee premiuo~ in mama and forn a~ pro~id~d
6enia for i~e pa7meat of_ bza aod ase~oems.
13u fa tLs e?eot ttie laa w~kh ti~i~mot~~e b ~ivea to ~ecare i~ mads ~ tis ~rpae o! $naodn~ ejtLa tbe oo~a~tnKdo~
of ntw bdid'nop or t6e cooKCU~dan at impea~emewnts ~ad/ot addidab ~o ~tnt bdtd{np, tisp 1 oM! r~x. i! n oe~d b~ t4 Ir~ortp~ey
acpra~y ascia to depo~tt~ wh6 eLe 1~te or ia d p a~eat an amomt o~ maay eqwl eo etis djfhrmes ttie oet
of tbe lo~n snd t6e total amamy a~ dstermincd b~ th~a~ 1~Kort~ee. rad m inll~ oospMet aid ooo~tcuaiaa ia aooordaoa wid~ t5e pi~
and ~pedfianoo~ baecofo~ adimtead 67 t6e Mo~ aad a~br ebe Irloctpp~. 8aid amawt of mone~ ~ap be plaoed b~ etic
Morep~ee ia s"Lwn~ in P~aa~ A~oooua~' in tbe name ~ t6e ~~or. and ttie ame ~L~11 b~ wed b~ ebe Idoctp~ee eo psp t6e aow~
, chsr~es ~ad apm~a ~aearred In oonoeetion wicti ~dd ooo~ec~i~ or es o! t6b bso. It b fwtber aseecd tLat ta tbe e?eot
' .aid ooo~auedon i~ not faqp aompleted oa or be~ain eM dm ~in t~e C.'~oo~on Loan~ or ia e~s en~ t6u tbe wort aa
' ~aid oomvuetion ~hsll oau 6e~oa lnll oompletioa aod ~L awttan ~haU oootinw tos ~ period o~ ~eo (10) or-if sob~hadal taotinooo~
i P~'oi~ s6a11 oot 6e made ia we6 oooacuetwo. tYea aod !o ao~ we8? enot t~e atd a~pee sm4 P*~PV~ ~ m~oaed in ~atd
promiaaq aot~ sad all moote. .xored 6ereb~r ~6sU beoo~ac -due aodp~
k foe~r~id~ or t~eaferr a cbe option of .aid ~ee , aod is
d~e e~eat of we6 awtian of wo~t upoa sai~ ooo~trnetioa ios a paiod of cea (IO) da~t„ or if a~t~neial cnctinnoar pr~rea~abalt aot be
made io sneb aooitrocdaa, a a~oraaJd, tbe m~,~ ~t !u opeten entcr ~nto and npon t6e prami~a aud oompkte ssW oon-
itruetion ta wc6 maoner at it deeau ad.b~b~l~i~ wt t~ inc~Eaeocs fe~om tM 1~oetp~r: tLe ai~~ ~ereb7 d~i ~ i~~
o~ t6s Mort~a~ce lull power aad antborit~ to mats soeb entq ines sod npoo aaid murt~ssed ~ to enter inro weh aontraw ot ar-
rangmenu r mq be neoa~ar~ 10 oanpka said oomtroaioq ~nd ~o apend an~ mooia remai in aid "Loao~ in Proeea A~oooaot" aod
ta ~ddicioa aa~ sums of mooe~ oeaNar~ to oompleee aid coo~eraetion; aod a~ aad ali monia apa~dcd br t~e Mortpsee in ooonsetios
wich soc~ oompkcioa of oooKroctioo In escea of eb~e mooia ia ~aid "Lwos ia Proar Aaoo~mt" ~baq be added eo t6e ~aid prineipal debt and
~6d1 draw inten~t at t6t tm pro~ided ia taid prombrorr oote. and ~6a11 be setotcd b~r t6i~ mortpae, wd ~6a1t be pyabk b~ tie Mortp~or
0o a~.oe. ~O~K~~~ pACE~~~
~
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