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S. Thu ia th~ event of a~uit bdn~ Io~tituted ~o toreclo~ thi~ ~oorc~a~ tb~'den~asee ~all bs sodckd w appbr at aq~r dmc du
•uch foreclawe suit to tAe oouct hamo~ juri~ctioa t6E f for t6e appoinaoeot of ~ reca~er o~f all andaa~u lu tM eooet~ased ProPKq~.~
of all rmar iaovma? Profit~ Lsuea and rs.wua eberoof~rom .~Aaaoe~u wuca derifed; and thenupou it b 6ecebr ~pceaUr oo~eoanted
aad ~cecd tbat t6e couK s6a11 tort6witr appoint ~ueb raeivee wlcb tbe usual pcvren snd duda ot reai~as. iu Uk~ caa; and ~aid ap~
pointment shali Qe aude by tbe oourt as a mattu of utitt ri~6t to tbe b~eKy e~ aad +~Jtbo+u refereaoe to ~De sdequae~ or inadi9w4 ot ~e
.alue of t6e properq re~eb~r n~a~~a~ed. or to tLc ~oheney o~ ia~ol~eac~? ot d o~s~or ot aq~ ot6er paeqr dcfeodant eo sueti adt. TM
Mo~a~?r 6ereb~ ~pecifi~allp wa~ira t6e _~~t o0 objat to the ~ppatahncnt of a ceca~er a~ doraatd aad herebf e:prcalr ooou~b tLu ~uc?
appointmcat sbsl be made as aa sdmitted ~quiq ~od a~ a mattcr of aMoluce ri~ht ~o the Mo~ag.e and t6st t6e same ma~r bc done wjt~t
aotice ~ t6e Mortsa~or.
6. T6at if ao~r procadines sbould be imdtut~d asato~t tLe prope~q oo•aed br c6i• morc~a~e upoa a6e~ lieo or claim ~rec6er
~uperio~ or jnaio~ eo t6e llea oE tl~ ~no tLe ~
encr t6enrf dalsre thi~ ~t ~ A°~r u in optioa Immcdiately upoo imticutiou weh suit or ducio~ tre pead• ~
this mor~ tAe i~edans ~ecured 6eteb7 due aad papabk foet6wit6 tud ma~ at it~ optioa pco~tied eo ioreclae i
;
9. - To pay sll aad uag~iu tbe oo~ta, fea, c1?~r~a and ezpe~aes of e~M kind. iadudint t6e aat of an abtraet of dtk to said laod~ ~
found co be eoo•enieat or expedient ia ooaaaeioo wicb: wy suit for
tbe toceclauee of c6i~ mo~tp~e~and al~o iaeludio~, wbet6er tbe Mo~ee
c ora
obU~aerd to same o~ na~ reasonabk ac~orae~'s ~fea ioeurrcd or ezpeaded u any time b~ Moctts~ee beawe of tbe f~ilws of t~e
Mort~a~vr to. rm, ooroptr witl aad abide by a!) w any of tbe oo~ewnq, oouditioos aud tdpnlatiom af ssid P~~7 ot t6is
morc~s~ ia c e fooeclo~urc of tba mocesa~e aad ia oollatias the amount ~eeu~sd 6ereb~ wtt6 or witho~ kpl proeeediop~ ssd ~s reiul.
bune t6e Mo a~ee for eneq p~yaseat made or ioeumd lor aa~ wc6 purpose Rtt6 Iat~rsyt trom dste of r?er~ soc6 pqment at tbe rate af
eit6t Pa cent~i9fr) Per anowo; wc~ paymena aad obli~atioo~„ with L?terat tbereoo a aforaaid. sLaU be secnrcd br the ltea ha~of.
R To ~ t6e buildir~ ot bui~ now oe bereafter an taid lawl inwred ~ lor o~ da~aase b~ lire, emaded co~erase aod
ot6cr perils, inel n~ wu risk tnwranee i a~ailable. in a~um "not las t6an t6eir fu t tosuMble ~alue at the ca~t and e:pease of t6e Mort
gsgor in : oompa~ or oompania appro~ed br tbe Morttagce, tbe polie~ or poGda ~o be Leld by t6e 11~lortga~ee, and snc6 poliep or policia oE
;muraace sball ba~e afBnd t6ereto a Standud New York Mortga~ee Clswe~ makiog all losa or iases uoder sueb polie~ or polida parabk ts
t6e Mortgagce as in iruerat may appear~ aad eo deli~er uid policr or politia to the Mortgs~ee w6ea iaued w~tb tbc meipb for ttie pa~-
ment of t6c premiuar t~ercfor; and in thc e~eat anf sum of wt~ bcoomes pa~able unda ~uc6 policp ot policies„ t6e Motttagee s6a11 Aan
the option to resei~e aod applr t6e sa~ae on socou~ uf t6e iode~tednp~ aceured 6erebp or to permit t6e Mortga~or to recei~e aod we i~ or anr
put t6ereof. for otl~er purpou~„ witbot thereby wai~ing or imFairias an~ eqwtp. lim or dgLt unda or b~ virtue of this . aod
cLe Mor~gagee jt ic deem. necea,ary may pl~aa and pay for wch imura~e, o~ aap p,iK t~ereof~ w~tbo~ ~i~ wai~ina or aff~Mort-
gagse'a option to foealat for brese6 oE t6i: oo~enant~ or an~ part tberea~. or wr n~6t or opioa under t6is mortsaje. and evcry such WT'
ment sbap bear interat fran date t~ereof nntil paid u tbe rate of dg~t per omt (t96) P~ annum~ and a4 tne6 pay~ ~it6 inte~at ~c
aforaaid shall be secured by t4e 4en her~of. in ~6e e.ent sny loa oe d,mare ts .ufteced Moetsasot ~6aq oodf~ Mertp~ee of we~ aor or
dama~e witbin forer-eigbt (4=) boun after t6e 6appeoiog theceof; tLe ~ailuee to ~i~e suef~ ootioe s6a11 cantitnte a defauk and tbe Mo~-
Bee shall 6ave the ri~hts he~ein gi~m foc ap defaulO. ~
9. To permit, oomrqjt oe soffer uo waue aad to maintain t6e impro~emeab u all tima in a stuc of ~ood repair and oooditioo; aod
eo do orpermit to be doae to said prani~es nabin~ t6at w111 aher or cLaa~e t6e we aod e6ameer of uid properey or in aay wap impair or ~
wcatea the s~curiq of said monjs~r. Io ase of the nfusal~ ne~lae or inabiliqr of t6e Mo~tga~or eo repatr and maintaia aid prope~. t6s ~
Morc~agec ma~. at ib opHoo. make sw~ repai» or cawe t6e same m be mtde aad ad~aoa mooia in tLat be6alf whieL aams sba!! bs seeured ;
by tbe lien bereof and bear interat at the rue of ds6t "pa-anf-(t9E) pei anaum.
10. To deliTer cbe sbrtract or ab~traas o~ dtie omrerin~ t6e mort~a~ed prope~ to Moct~a~ee or ies daiQnatcd age~u, .~6ie6 i6a11 at =
all aa~a. durina t6e life of cLis mo~~ remain in tbe poaeuion of tbe Moet~ce and in enent of t6e foralosuro o~ this nartp~c or aber ~
iramfer of ritle, all ri~ titk ind ~ntrrat of tLe Mortp~or ia snd to an~ sueL ab~tsaet or abstracb of tide shaU pa~s ~o tLe purrhaer or %
~tnta. ~
11. T6u no wai~er of aa~i coreasnt tiereia or in tbe oblisation ~ecuced 6ereb~ ~baU st aqlr time 6ereafcer be 6eW to be a Rai~er o1
any oE tbe ot6er tetms 6ereof ot of the mte teeared Saeby,
12. T6at in o~der to aocderate che mstarit~ of t6e indebtedne~ haeb~ sauc~ed baaux of the f~ilun of ebe Mortp~or eo ~r aAr cu
aaaxneny liab;fit7. obligation o~ eoeumbrance npoo said prope:t~ a~ heceia peo~ided. ic sLaU aot be nece~sary ooc reqnisite t6it tre Mortpfes
s6aii firtt par t6e same.
is. Thst if t6e Mo~t~or sLall fail. ue~lect or refase ~or a period of t6irt~ (!0) dari falir and P~P~y ~ Wr ~Le ano~o~me re-
qu;red to be paid bf the nooe ~erebr sec+ired ~ tbe istaat tLerein spesifitd or ao~ of tbe som~ a~ moae~ 6eceia referrod to o~ ~
cared, ~ otberwi~e dnl~. fnly aad P~}~7 ~ P~+Eo~. ~G witi and abide b7 eaeL. a?'ec1 or ao~ of tbe eo~
or ~tipulatioos of t6ia mortsa~r, tLe promwory note 6ereb~ seeured or tbe ao~wtnxtion ban agreement. !f ao7. tiea. aod
~a~oadrtioo~~
any of suc6 e~renh. without ootiae or demaod, the ~aidsg~~
a sma meneioocd in said Promiuor9 noce. te,~ Preniou+ W7~ueab, it an~. ~nd
w7 aad tll aums meationed Lerein or ~ecared 6eceby shall beoaoe dne aod paTaWe foet6wtth or t6ereaher at t6e ao~inningop~on of t~e
Mortp~re a fulir and oompktdr a~ if said s~rcgare wrm were ori~inalij sd:pnlattd co be paid ac ~uc4 ame. aoyt6iog ~a said pr~oi~oq -
note or berein to t6e aontrac~ notwit6uanding aod t6e :,14lort~aQee shall be eontled thereupon or t6erea8er wit6au aotice or deaand to io-
atitute wit at (sw o~ ioeq
m co mfoe+ce tbe ri~ of tbe Mortgag~ee 6ereuader or nader said
or breaeb on tLe part of tbe~ 6ere~nder or ~mder ~aid P~oaaiaor7? ~ ~Le Mo p~ mta Ia etie e?eot of an~ ddanh
p:7meat of all smns seeared 6ereb~ r aet~on ~t laA or 6~ suit in equie~, eo forecio~e t6is
a~
g~d~
~6otb~~
coo~rre~~
1~ ~ot~
aad oae sction or wit s6a11 aot abate or be a bu to or wai~er of tLe M~agte'~ ri~ht b imtitute or aaintain tLe ot6er. pro~idtd taid Mort• ~
;aeee shail 6~~e any one paymmt and ~bfaetion of aid~indebad~e~. '
14. T6u iu tbe e~eut t~t~ r~11 (i) aoaeM M tbe a
pu~c ~ Moctp~s a~eb„ ot (2j be ad i~dieaoed a bankro or ia~ol ~°f t raei~er~ truaee or Uquidator of all or a sub~~otiai
inabilit~ ~o pay ib debts a~ tbe~ beoome ~n~, ot (f) make a~~erd a~i~nment 5os tbe b~enef'it ot~cr~diin bankrupcep, or admit in writin~ U~
scekini *~or~aaisation or ~ae~nt witL credioon, or to taice ad of an iauoh ~Dn? or Sk a pedtioa or an~wa
•antase r eac~ Itw. or (S) Rk an answer admitt~ tbe aea-
rerial ~IleZsBom-of a pai 't~a~o
fkd ~aimt tLe Mortp~o~ in any bwkruptc~. reor~snisation or imol~eaey Proaedin` or (6) action s6a11 be
eatm b~ ~he Mocc~s~or for cLe pucpae o~ effatin~ anr of e6e fore~oio& or (7) any orda~ 3~d~meat or da7a a6alt be entend npon an
appiicadon of a credion or Moctga~or bl a oourt of oompetene ~'uar,~dictioo approrins a paition ~akiq` appoiaauent of a reeei~a or tru~tee
of all ~ a wbsanda! part of tLe Morc~a~o~'s awea and such order, jud~nmc or decree ~haU aoatione amta aod in effea for aa~ period of
e6ict7 (30) oomeeuti~e daM t6e Mortga~ce ma~ declare the note Leeeb~ sanred fortbwitb dne and Payab~wherrupon t6epnna pal of snd
tLe interat aeerued oo tbe note and all a6er amos herebr secured ~hall beoome foct6wit6 dae snd ps7sbk a if all of t6e said amM of mooe~
.?ere oripnallr s6pulaced to be paid oo sueb day; aod thereupon t6e Mo~ttasee witbouc no6ce or danand ma~ pioia~te a suit u iaw aad/or
in equttr as if a1T mooia ~ecoe~ed 6ereb~ ~sd matured prior to id jatitutioo.
IS. T6at t6e Mort~a~re or aay penon autbo:ised b~ t~e Mort~ee aLall ban t6e right w eater upon and in~pect t6e moetp~ed .
prcmna at all rea~owbk tjma.
16. That an~ sum or wm~ w6ieh may be loaned or adraaeed by tbe Mortpsee ~o tbe Mortp~or at sor time within teo (10) ~an :
fran t4e dste of this indauure, to~et6et witL iataat thtnm at tLe rste ~~eed upon u t6e ame of sua6 lo~o or ad~anu, ~6s1! be eqwtll~ st- j
eured s?iiL and Ls~e tbe satoe priority ~u the oeiyoal indebtedaa~ aod be anbieet to aU t~e term~ aad pio~isioes of tbis mortp~e: Prorid~d. ;
~hat t~ a~epte amouot of P*inc+Pal ou~ndint u a~ time ~hsll na e~oecd an a~aount equal to one 6undred and fift~ per oent (IS09G) of :
cbe prindpai amouot od~inaly ~ecurtd bertbT ~
I7. T3sy if [eqoir~d b~ Koc~ tbe rdd ~ wiU ps~ ~ t~e Mortp~s~ oa tbe ~m d~r o~ acL and e~ery ooa~ec~ei~e
monc6, a anaequal~o ooe~ewelftb ot ~aand ~mount neoa~ar~ eo pap ol ~ta~a and ~ apio~t tbe said mort~and Pra~ta~. ~dd
monebly swn to be atimated akly bp Moet~a~ee and eakw[md eo 6e ao aimotme not ie~ t6an t6e amooat oE ts~s arered a~aia~t taid mort-
P~ ~
iow aod t~ fart6er required bp Mortga~ee ~o pq ~11 i~nraaoe premium~ In manner aad forat r pio~ided ~
herein for tre ~
lt. 13at tn fbe ennt t6~ io~n wtiie6 t~bmo~t~t it ~itq to reeaet M s~ds ~ot e6t oE fin~od~ eiEbet t4 ooo~oe I
of new bnifdi~ ot tbs coauuedoo of ho e~emeabb tndlor ~ddidaw eo bd , if
aD*~b ~ ro depo~it~ wleb e~s 1Sorcp`ie or In d ` aRot ~n ~mount~ moo~~qw~l
~sp
~~Hsr~oce~~~
~peooe~ ~
ot t6e iwo sod t6e eoal amaa~t. r dstamined b~ eMad 1~ req es talt~ oompbet qW ooo~edoe tn ~ooo[d~ooe wit~ tbt pla~ ~
and ~ped~ lasto~o~r a~ttted b7 ttie Moeqa~or ~ad ayp e~d
b~tM Mote~y~e. S~W amoiwt o~ moos~ ~Lall be plaoed b~ t6e #
Mortpsea in s"Loaa~ in P~ooeM A~oooua~" In t6s oaoee of t6e D~loctp~or, aod tM woe ~ll 6e ared 6~ t6s ~toet~ee oo pq t6e oo~b„
cba?as ~sd sspeoNS ine~rr.d ia ooooeeetoo witb .aid am.ceoe~. ~rlor a C~~of etii. b.e. 2e i. ~rtber asreed ehae ta cbe enat ;
.atd eomcruceioa i~ aoe tuq~ oomplaed o0 or bd~ert t1~ ~e ~aad in tM Loaa~ or ia eb e~eac due e6e work ae
•sid oomerncBon ~hsU owe befa+e fdl aomplettae snA we~ eawd~oa ~Yali eo~rdnne !or a pKiod e7 an (l0) ds7~, o~-ff ~nb~endd oooetaoow ~
Pro~ra~ sba11 uot be milde fn ~oe6 eoo~croaioo, t6m aod ie ao~ a~i snat t4 add aRnpte wm. Pe;ndPat ind inesce~ a~mdooed in ~aid ~
F~~7 ~od aU monia ~eeured berebr r6a11 beooine ~ue and pyabk toet6r+teh or trerafar at du opeion oE nid
t6e r~eat of ~ueb oawtioo oE work n ui~ a~oatracdoo ios a period of us (10) da~ or if sa~taoeial condnnar
made iu sucb aontruetioa~ a afoeaai~t6e Mo my at ib opdan euar imo and n t6e P~ rball aot bs '
~ tn a~cb maoner ar it d~s ~ablc wi ont ~o inte~feeeate fro~s tbe P0° Premix~ wd eomplae ~aid oon-
1 ~fer~~or: tbe rai~kd~~~~irqa~o~ 6er~7 d~ini +od i~~t
to tbe Mort~asce 'fnll pornr and aathoriqr eo make tne6 mtr~ iats a~d nPoo ~aid moet~ed ~ co m~er jo~o ~ae6 ooocna~ or ar~
ran~ ~s ma~ be n~ces~ar~ to oaopkte said oomtroaioq and es a~pead ~ mooia rawlwo~ m ~sid "Loaa in Proea~ A~oo~o~" aad "
io .dd;c;on aer s~. of mone~ ~r~ ~o oampka sdd ooourac~ioo; and aa~ and ~11 mooia espeaded b~ tLe Morepree in ooooeetjoa '
wich ~uc6 oanpletioo of eoa~troaioo in e~eea of ehe mooia in said "I.oad in Pe~ocer Aooo~mP ~6a11 be ~dded a tbe taid priocipsl debe aod
s6a11 draw interat at tLe rate pro~ided ia said peomiMOr~ note, and ~baU be saured b~ t6it mortp~e. and ~6d) be pqabk b~ He Mortsa~ar
~ am~a. ~~ii AICE v 7 ~
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