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s. Thu Ia cM eveac oE a~uit bdas iwa~uced ~o for~c{ae c6i~ mo~~e, ~6e More~.sc~ .ha11 be eoacled a app1~ u any eime duein~
~ueh torcdaure ~uit to tbc oourt havi juti~dietion t6ere
qE for the appoiaaaeut of a rocei~er of dl and u~u lu tbe mo~a~ed pe~ope~ty. aad
oE sU reaa. inoomea~ Pro~b~ I~sua ~ ceveaua t6eroof. fcam R6aaoe~er wuroe deri~ed; and t6ereupon it b 6enby acPreal~ oo~ecaated
~od a~reed t~at tbe ooun ~Yall to~ebM?it6 appoiat suc6 roaivee wlth t6t wual povren and duda oE ceai~en. ia Ute eases; and said ap-
poiaanenc ~6aU be a~ade br c6e oourt as s maae~ of Kricc rtQ6t oo che Mo ~a~ee, and v~tt6out rehrence eo tbe adeqwcy or inadeqwe~ o! t~e
value of tLe prope~qr bereb mow~a~ed, or to the wheaty or fnalvtac~ o~ the Mo~c~a~ur or ao,~ at6et P~etp defcadant to su~ wit. Tbe
MonQa~or Lereb apeei~'ic~lq va c6e d~bt ~ obi~ ~o ehe appoiaaneat of a recei•e~ a. aforaa;d ana berebr ap~lr ooo~e ceu .uei
appoinaoeat sh~l~be made as aa admiaed cquiq aad aa?a matcer of abalute ~it6c to tbs Mo~ase~ and t6st ~be wae ma7 oe done ~ic6o~
notice ~o t6e Mat~~or.
6. Z3at If ~qp proceedin~ ~bould be imNtuted asaimt t~ propcrty oo~sred br thi~ mort~a~e upou an ot6er Uea or claim w6et6e~
~uperior or junioc to the Uen of thi~ mort~~e, tLe Mo~esa~ee ma~ st ia optioo inuoediacel~ upon imdcutioo ~nK6 ~uit or durias t6e pead- .
eocp tAereof dalsre t6is mort~aje snd the indebtednea ~ecured henb~ due and payable lortLwith aad mar at ia option proetsd ~o foceelae
t6is mo~e.
7. To pay all aad lar the ao~a, ica„ d~r~a and rspaae~ of e~er7 kiod, iodudint t6e cat of aa absccaet of dtk w said land~
found w be oonreaieot or e:~pe~'eat ~n ooanectioa wich. aqp ~uit for ~6e foreclaure of this s~e~ and alw includins. wbether tLe Mort~~ee
is obli~ated to pa~r ume o~ oot. reasonabk aaorney'~ ~fea iocurred or acpeaded at anr time~by be Mortp~ee becawe of t1~e tailure of cbe
Mo~aQo~ ~ope rforn~ oowpl~ wtt~ and abide b~ all or aar of t6e oo~eoaob. ~ouditian aod ~iP~latioa~ o! ~tid proeniroq oote, or t64 `
morcQs~e, ia c6e forccbsure of t6b mo~~e and ta oollatin~ t6e unount ~ecnred 6eab7 wit6 or wit6out lepl proaediop~ and ~n *aa~'
bune tLe Moct~a~e for every pay~ment made or iaeu~rod for any such purpose with interat froas dats of e~er~ such pa~enc, u t6e nte ot
ei~t per ant (196) Pa amum; suc6 pa7menes aud obli~adaot„ wit6 mterat tLeceoo d aforaaid. s6a11 be ~~ed b~ tLe uen Saeof.
~ R 1b ~t6e bu[Idtn~ ot bntl~ oow oe bereaftc~ oo wd land insurcd ~aimt las or dama~e b~ 8~, erteaded om?eca~e and
otLer perib„ inel wu ritk inwrance i availabl~ ia a~um ~not laa thao t6dr fult insucable ~alue at tbe cat a~ ~pesu of t6e Mort-
ga~or ia s compW or aompania appeo~ed b~r tbe Mortgaaee. t6e policp or polieia to be beld by tLe r~ and wcb polie~ or policia of
iasurance s6alt 6a~e affi~ced t6en~o a Staadud New Yort Mort Ctause, makioa cll loa~ or lossa und~~ er suc6 F°l~ey or policia payable b
tLe Mortgagee as ib iaterat may appeu. and to deliver said ~k~ or polkia ~o t6e Mongagee wheo iawcd w~t6 t6e racdpt+ i~ t6epa
ment of t6e premium ctierefor; and Fn t6e rnau any sum of become. parabk uode~ •uch poucr or policia~ the Moagagee ~6a11 6a~?e
t6e option ~o recan and appl~ tbe ume on sooouot-of t6e ind~a~ ~ccured 6eaby or to permit the Mortga~or to recarr and we iy o~ an~
patt t6ereof. for otber purpose~, w~itiont therebr v~airias cr ~~parioQ anr ~we~. Um or ri 6t under or by virtoe of t6is moct~e• and
i
the Mortgagee if It dcems aecasaq may pl~ace and par for s3cb ~n~u~antq or auy psrt tberco ~ wit6out lains. wai~ing or affann~ ~oet-
~~ee'~opnon eo foralae foc breacb of t6is oo~eaant~ or acly pa~t tbenof. or aay n~6t or optio~ under tdis moct~a~ aod everp suc6 W7-
ment ~6a11 beir interat froon date theceof until paid at the rate of d~bt per oent (i96) per amum. tod d1 ~nc6 P~3-a~a ~?th ~°K~at a~
aforaaid s6a11 be ~awred by t6e lieu heraof. In the eneat an~ laa o~ damaQe is ~uffered Mo~aQor s6aU mBfy Mortta~-- nf sue6 las or
dama~e wit6in foity-eig~t (4f) 6oun after tbe hapreaiog tsereof; tbe failure to gire suc6 notice shall comdtute a defauh aad the Mortp-
gce shaU have tbe rigLb 6erein givm for aU defaults.
9. To permtq aommit or wffu oo waste an8 to mainain cbe impro~aaeua at atl ~ima in a aate of ~ood repair and ooodition; and
eo do orpe rmit to be daoe to said premises aot6in~ tLat wLl aher or cbac~e the we and e6ancter of ~aid property or in anr wa~ impair er
weakm t6e seeurit~ of said mo~s~e. In we of thc rcfwal. oealat or iasbilitr of tLe Moctgs~or ~o repair and maintain said propertr. t6e
Mortpgce maJ. at its opfioo, make sueh repain os.eau~e t6e same to bc made and ad~ana mooia in tLat be6alf w6icb ams ~6a11 be securcd
br tbe liea benof and bear ioterest at tLe rm o~ a~6t per cent (i96) per aw?wo. .
10. To deli~er t6e abt~act or ab~tracb of tide oonring t6e mo prope~ to Mortgagee or ia dai~ted ageat. ~~6ich s6a11 3t
all times. durio~ tbe Gh of t6is moct~a~e. remain i~ t6e Poa~on of t6e~~t~sgee aad io erent of t6e foreclosuro of tbis mortgage or a6er .
eransfe~ of ritle~ atl r~ht. atk and incerat of cbe Moresa~r in aod co an~ ~och abcract o~ abtraw of acle s6aU pbs ~o ehe Pareha~ee o~
That no wai~cr of aa~r oo~enant berein or in t~e oblisation se~wred 6ereby sball at an~ time Lereaker be 6eld to be s arairer of
aov of t6e otber terms tiereof o~ of the note seeuted 6aeb7.
i2. 'lbas in ord« ~o aoalerue cLe mscnriti of ~6e inddxedne. 6erebr ~curod baause of cbe failure of ebe Mortga~or ~o wr ~
e
~mau. liabilit~~ obliptioo or eneumbrarxe npon said proparty u herein pco~ided. it s6aU aot be naewr~ nor requisite that c6e Moet~atee
atiall fint pq tbe ame.
13. T6u If t6e Mort~r s6a11 fail. ne~lat or refu~e for a period of t6irey (30) dsys fuUy aad prompcl7 ~o Wy cbe amounts rr
quired to be paid br tbe note 6ereb~ ~eeored or ihe iocerat t6erein specified or aay of ~e snm~ of mouep heran referced to or bereb~ ~
cnred. or otberwite dd~. fnll~ aud prom~tl7 ~o Pafoim. e:eeuce. ooaOy wit6 and abide b~ eae6. e~ery or anr of t6e eo~enann. cmd~tiaa~
or stipulatiow of this mortaate, t6e pe~om~~orY note hereb~ saarcd an~lor the ooo~tn~ctioo baa a~eemeat, if an7. tbm. and in eitLer or ia
anr of s~cL e~ener, witbont nodce or demand. the wd a~~ate s~ mendooed in »id promiswry note. las previou~ pa7meau. if an~. aod ~
anr and a» sums menuoaed hen;a oc .eeured hereb~ .6a11 beoome dne and pa~aWe foetLwith or tLerafcer at t6e ooatiauing option of tre
Morep~ee as fWly and eampktd~ a if ~aid a~regue wms were ori~inallp stipulucd to be paid u ~neb tuae. an~thing in said pnm~iroq _
note or 6erein to the oontrap aotwit~nodin` aod t6e Mort~agee ahdl be enti:kd t6creupoo or tbereafter witbout aotice or demand to io-
~tit~m wit at law or in aryit~ to enforoe the of the Mortgagce 6ereunder or under said Promiaor7 note. Ia the e~e~t o~ a~~ defauh
or breaeh an t6e put of tbe Mart~or or aodee said penmis~urp mt~ the Mortga~ee s6s11 6a~e tbe aonrinuiag option to entoroe
Pil~t of all swns seeured herebr by aetioo at !aw or b~ w[t ineqa~t~ ~o foralae tbis mort~ag~ at6er or 6ab. ooocnrreray or otberwisc.
and ane adion or aut shall not abate or be a bas ~o or wa~~u of tbe Mortgagee'~ ri~At to imtit~m or msinuin t6e ot6er. pro~ided said Mort-
p~ee aba11 6a~e onlY one W7mea~ aad sat~factia+ of aid Indebtednas.
. 14. 'lbu iu tbe e~mt t~at Mort~a~or s6~a11 (1) aoosmt to t6e appointrneat of a raei~er~ trwtee or liquidator of all or a subantial
part of 11~o~a~~ aseti. oe (Z) bc ad udieated a bantr~pt o~ imol~ea~ or Sle a~oluncar7 Paitioo in bantrnpa7r. or admit in writ~ns id
insbilit~ es pa7 ie debes ar the~ beoome ~ue, or (f) maloe ~ ~eneral u~i~ment f~ tbe bmefit of credimn. or (4) Rle : petitioo or amwer
~akin~ reor~auisation or t wit6 ereditas, or to tate adranta~e of an~ in~ohenc~ law~ or (S) 8k an aoswer admittin~ ebe ma-
taial allept~m of a paitian !cd a~aimt tLe Mort~or in an~ bankrupee~. reorSaniucioo or imoheacr proceoding or (6) aetioa sLall be
akm b~ t~e H~rt~or for tbe Purpae of effadns an~ of t6e fore~oin~ or (7) aay order. 1'udpnmt or deeree s6all be entered npon ao
applieation o~ a eredioor ot Mortga~or b~ a toart of oompetent 'urisdiceoo approrios a petitioo seekins appointment of a roeei~er or trustee
of dl or a wb~tantial part of tbe MortQa~or's asea and ~ucb ~er. jad~neac or d~cree s6ali ooncinue ua~ayed and in effea for aa~ period aE
t6tetp (30) ao~~e dar. tbe MortgaQee msy deelare t6e oote 6ereb~ secuced fotthw[t6 dae and paJable. w6ereuupoa tbe priocipd of snd
tbe interat aoeroed on tbe nots and all ot6er aums herebr secured s6~11 beoome fort6witb dne and pa~abk as if all of tLe said s~ns of mooe~
were oriiinall~ ~tipnlued to be psid on we6 day; and tbereapoo the Mort~ssee d+t6ont notice or danand ma~ proiecute a suit :t law and/ot
in eq~dt~ ar tf all mooia ~eco~ed 6eceb~ 6ad munred ptb~ ~o iu indtutiao.
1S. T6st t6e Mort~ee or any perrou aatboeistd b~ ebe I?~ortp~ee thall 6m the ri~ht ~o mter npon aad impea t6e mort~a~ed
pranises st all era~ooablc tima. ~
16. Tbat anr wm or sums wLkL mar be losaed or ad•anad br ebe Morcpsee m t6e More~or u ac~ nmc wie6in em ( io) ~a~. +
frau the date of t~ indmtnre. to~etLa wit6 inte:e~t tberaoo ~t t6e rate ~eed opon at tbe dme of saeb loan or ad~anee~ ~ball bs egwllT ~c-
enred ..Ic6 ~nd ha~e che ssme prioritr a~ t6e ori~inal iadebtedn~ aad be •ubjeec eo ~p tbe terms and pro.isioo~ of c6is mort~a~e: P?mri
that tbe a~rpn ~mouot o! pal ouutaadint at aa~ time s6aU not ssoeed ao amoaat eqad t~ oae 6nndred and fik~ pee emt (1S0'Xr)
t6s ~rindpsi aoo~mc odsinal~ red
17. T6at~ [t nqo{red 67 L~eG ebs ~aid HmtLyor wjll Wp aam tb Mwt~ee. an tbe lint da~ a~ eacL ~nd c~er7 ooo~ecnd~rs
mont6. s afeeqnal ~o ooatwelts6 ot ennnd aiooo~ neoanrf m Ps7 sll.ts~a aad wa~menb a~aia~t t6e ~aid mort~a~ed Premisa. saW
moneLlr amn ~o be a~imated ak17 b7` Mort~s~ee and esknl~tcd to be an amo+mc mt ItM t6m eLe aovount o~ ta~a uered spt~ ~atd mort-
~d premi~n toe tLe prs?ioa~ 7ar. aod it fuet6a n9oired b7 Mort~ai'a to pa~ all In~arance premium~ fn manoer and fo~ ~t p~o~ided ~
iada fos tAs pymeot o~ a~es ~od uermeod.
!t. T6u In t6e e~mt tLt b~n w6kh tii~mo~tp~t N ~fns to aeare ir made foe tbs of fin~nctni dt6er tbe ooo~truaioa
o~ nsw MdWinP or eLe aoarerneaon ~ impeo~ ~od/or addidoos ~u ~ bdWta~. eMp l~or. iErsqdred b7 t6e Moetp~ee.
szprad a~rw to depo~~wlt6 t6s 1'ioeep~es a* iti d sseot an amount mooel Mud eo tM tf~noot b~tweeo tbe net~
o! tb~ ~n tod t6e totsl +mo~my r deazmiaed by tMa~~~~ ~o fnlb oomPM~e wid ooe~ae io aooord~aee with plaa
aod spd&adoo~ 6tre~otoe~ snbmitced bf tht 1~loet~~ aad ~bj~ek Mor~ps. Sdd ~mount of mooe~ ~hs11 be pboed b~ ebe
Hoiesa~a in s"Lwa~ ia p~oeer Aoooant" fn t6t oaa~ ot eLs ~or. and tbt ame thall b~ wed b~ tbt ~or~psee b p4 t6e oo~b,
e5arp~ ~nd espeara laenrred in cooneetlon whh ~atd aoo~ru~ peior to ~~ot tbb b~a. It d fartber sp~ecd ebat ia t6e er~at
wid coa~erucelon b not fn11~ oompleted on oe bdors ttit dut fated in tb~ Loan A~re~nt or ia t~ e~mt t~at the work ao
aid ooo~troalon ~haU oa~e bdors full aomplabs md we4 awdm ~hsii ooodnw tor a perbd of aa (10) da or-if sob~tandd ooodnooa
prosra~ ~6si1 oot be made in ~L oou~tmaia4 ebm ~od in ~~oc6 enat tys Mtd P*~P~ ~ 1~ ~ in ~aid
P~~~7 ~ wd dl mooia ~ecnred bereb7 ~ha[I beoaae ~ns aad paJ k~Oet6r~itd or t6ereaka ~t tbe optlon of ~atd Moc~: ~ad in :
t6s e~eot of we6 oasatian of wort upoo sti~ ooo~rocdoo ior s petiod ~ ten (10) da~ os if sa~nntial oondnoow pro~s ~6a11 not bs ;
made tn suc6 ooo~ruaioo. a a~oratid. t6e mq tt Ib optlao eraer ioto and npon t6e mo~ premjua and oompleoe taid ooo- '
n
~eruedoo in ax6 maoaer r h dana ad~i~able ~ inarfee~encs fiao tM Mort~or: t6e said ~a~or berebl d~[ ~ R~ai
eo tbs Mort~a~ee fnll power and autboritT tn make ~ mtrf inoo aod npon aid mo~tp~d ~cemises. to eam i~co we6 oootracts or ar-
raa~aaenb ar mar be oaoa~aq to aompkte said comtroaioo. aod eo ~p~d ~a~ moma ranafwas in aid "I.ow in Proeea AooounC' a~
ia add;cioo ~n7 ~ums of mooe~ oaasu7 to oomplete aid coo~oetion: and an~ aod all monia acpended by tLe Moetgasce in ooaaeetion
wtt6 ~nc6 oompktioo of ooo~traetIoo in rsaa of t6e monia ta said "I,oad in Proeer Aooount' ~Lail be sdded eo t6e said priocipai debt aad
s6a11 draw intetat st tbe rste pr~ided in ~aid promi~ory note, aad a~b~ and ~all be pqabk b~ tbe Moreppr
oe a~mana. ~
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