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S. Tsat in e6e e~reuc of s sutt bdns taaNeed ~o foreela~ tLi~ moctp~ tM lrtoet~ee ~all b~ eodtkd ~s ap~11 a apr eims aueio~ ;
such torcclo~ure ~uit cn t6e oou~t ba~ia~ ~urisdietioa t6e E for t6e appoinaoeat ef a roca~er of aU aad lu tDe morti+~ P~P~*44 ~a0 ;
aE sll noa. taoomq~ Profib~ ls~wes an~ revenua tLeceot~roa R4aaoever wura derir~d; aod tLereupon~ b renbr apra~b oo~eaaated _ ~
sod ~aed t~at the court sball torthwit? appoiat ~ucb r~ceiver wit6 tht uwd poKSn snd dutta a~ ceaj~e~s. is Hkt asa; aod aId
poiatmcat ~6s11 be msde b~ tLe court a a maKe~ ot ~triet rie6t ~o t6e aod wittiout rsfereuee to the ade9uac7 0~ toadeqw4
~due of tM poope~V tienb a;~ct~d~ or to eM aha?q or inahenq? ot ot aq~ otla pa~ defcod~ot co wcb ~uit. TM
Mo~a~r 1en0 sped~ly aira ch~ ~t a obleet 1o t?e appotnemeot oE a recd~e~ a aforadd aod 6erebr exprasy coamd t6~t w~d~
a~poi ~t ~
1~~~
de as an a~mitted equlnr aud a~ s matter ot aMolute rt~?t eo tbs ~oetpsa sod tha tbe wat wy oe dooe wtttiour
6. T6at if anr proeeedio~s ~bould be imdtuted a~ain~t the propertp ao~ered b~ t~is murtp~e npoaa~ otrer Uea er claiu w?et\et '
~upe~ or juoior ~u tLe Gen of tAi~mort~~ tbe Mortp~ee ma7 u ib option immediueb upou i~dtutioo a[ w~c~ wit or dn~io~ tM Pe~d•
eac~ tLereof dalare c6i~ mor~ase aad cbe iodeMednea ~ecured Lereb~ due sad pqabk forctiwic6 aad aw at ia optiou preeee~ M tonelaw
this n°°~ .
7. To pRy dl aad w lu the ca~ fea. cti~r~a aad esPeaKS of ever7 ktod. indudios t6e oat ot ae ab~tract ot atk ~o ssid land~
louod to be ooarewmt or e~ent in ooaneetloo with.an~ suit for tM tereclosure of t6bso~ aod abo iodudia~, w?et6er t6s Mo~et
b obl;pced ~o wne oc not. rawnabk st~orney's ~ea ineurccd oe upsoded u as7 dms 67 ~k M~tp~e~ bxanre of tLa faiiwe d rY
Mo~ eo aanply witr and abide by alf or ao~r o~ tee ao~easnes, ooodttioot and stipulation of aid Prosi~7 a~ er t6it
coort~a~e. ia foreelauro o~ t6is mo~e~a~e and in eolletaas the amount ~eeut+ed 6enb7 witr oe wttlout kpl prooeediupr aed M nioM
bune tbe Mort~a~s for everp p~y~menc made or incurred for ~ap wc6p wtt6 Ineerat feoo daa aE e~eqr web pq~ent at t6e noe ~f
p!~ PK (='1`) Pa amum; sucL paymeots and obttptioo~. witL Lu~ t6ereon ~ atae~aaid. sbsll bt ~eeured b~ etie Ke~ lereaE.
f. 1b t6e bdldin~ rr btS ncw ar tierafter on aid land jwuced lor oe dwa~s ~ fire. es~endsd oo+:ea~e a~i
f
otbe~ pcrib. ine~ wu rist iowrancec i~ a~ailable, in •~wa ~oot las t5an t6dt l fownble ~a1ne at ttie oat aaa e~e of tle 1~lo~t~
gagor iu a oaopsny or oompania appro~ed by the Mort~a~ce. tbe poHe~ o~ polida to be hdd bi t6e asd sueY polic7 or polieia oE
iasunoce shaq hare affized t6ereco a&andud New York Mortgajee Ciau~e, makins all low oe foaa~ poliey ot polieia pa7abk ts
the Mortgagee as ia incecat may appea~~ ~nd eo deli~er said polic~ or polida ~o t~e Mort~asee w?es iswcd wKh tDe reeeipb toe t?epa
p-
meat of t6e praaium tberefor; and in the event an~ sum of beoo~aes parabk~ uader sueh poiie~ ot policiar tbe Mac~s~ae dall ~a~e
t6e opion to reeei~e and aPPb t6e wae oo sooouot of t6e indi,~bt~e
nas sawred 6ae6r or ~o peaait tbe ~o~t~a~or to raa~e and we iy oe an7
put tLeraof. for otber pwpwa. wit~out tLereby wai~iu~ or impairias aq~ equibr~ liw or ri~ht nndee ~ by ~irtue o[ tW mo~e• aoa
t6e Mort6agee if it dceao~ aae»ary may pl~aoe aod pay for wch ~nsu or aay part thereofs witboot lain~. wai~ins or afta:dt~ ~loet-
~aagee'~ option to tomlae for breaek of tbis oo~easn~ or W put tb~ or aa7 ri t or optwn under t~b motttate, and c?erp w~ P~T
S~
ment shall bear incerac from date ~hereof uatil paid u t6e nte of d~it per oeot ) per annm4 aad aU we1 WY~
aforaaid s6a11 be sawrcd b~ t6e Gen ~ereof. Ia t6e e~ent aar IoM or dama~e L suffered lr~ort~o~ ~all nodf~' ~ a~ a~ loM or
damage within fort~-eii6t (4s) bonn after t6e hap~eair~ ~hes~of; the failare eo Sfve sneh noeioe s6a11 comdcace s defa snd ~e IrRoewW
gee shall L~~e t6e rigLes 6erein givea for alt defaulb. _
9. To permit, aoiomit or wffcr no waue and to matntaia t?e imp~ammb at ~1 times in s ~tate of ~ood repai~ and aooditios: aad
~o do orpe ~mit to be dane to ~aid premius nothinY tLat wili aher or eLao~e the me aod ebaraeter of ~aid pcopaqr ar in mr wq impatr er
weakea the securib o~ taid mort~a In case of the refu~al. oe~lat or inabiliq of t~a Mat~or to r~pdr snd maiataia aid~opert~. ths
Moresaaee map. u its opBoo. mate s~eh repain or eawe t`e ~ame m be made aod ad~aaoe mouia ia ttiat be6alf w6ieh aw s6a
Il be ~eeored
by t6e lien 6eraof aud bar interest at tbe rate of a~6t Pa oent (f9G) per anauo.
10. To ddi~er the abtnet or abtracts of titk oo~erin~ tbe mort~sitd Pcopcrt7 w Mortsa~ee or ib dai~oated s~eut, whie6 s6a11 tt
dl tima, durinQ tbe lih of this mort~s~e. cemain in t6e poMessioo oE tbe l~lo~ and in e~?ent of t6e foreelosure af this mort~are or a~t6e~
vamfer of htle~ all ri~ title aad interat ot t1e Mortp~or io and to aq~ sne6 ab~traa oc abrtraeb o~ 8de abaq Ww ~ tl~e Pux6a~cr oe
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11. T6ai oo wai~ of ao~r ooreaant herein or ia tLe oblipdon se~nred bereb~r ~6aU u aa~ time 6cnafter be rdd m be a wd~er el -
any of tbe ot6er teraos 6ereo~ or of t6e note seeured beteb~.
12. That in orda tu aoalerate t~e maturit~ ot tLe indebtednas beteb~ teenced 6eause of ttie failnre of tLe Nort~~ ~o p.r aor ~
aaa~oau. liabilitp, obli~adon or encumbrsnce npon said propeetp r hecaa pro~ided. it ~Laq aot be neoesar~? oor rt9uis~'te trat t`e 1Sor~e
s6a~~ 6ne par t6e .ame.
i3. That If tLe Mo~or .Lall fail~ ueslea or ref~.e ~ a period o~ s~tre~ (so) dars~y aad promPd~ to pap e6e .a~ouoe re-
qwred ~o be paid b~ t6e nae 6ereb~ ~aured or tbe iocuat tLerein spaified er an~ of t~e w~ o~ ma~ey badn refeered to or 6ereb~. ~e-
cured. or otLerwise dul~, fuli~ aod p~aa~tlr ~o perfoem. e~enice. oom~y witi and aWde bi eaeb. e~er7 or an7 of tbe oo~enamy aoadiaear
° ae~J loao asramau. tf an7.
or stipulatiaos of tbis mo~a~e. t~e promwor9 note Lereb7 ~acnre~d or tbe oomtnrction tko. and ia dttier K h
any of such e~eata~ wjtboot notia ~ demaod. tLe ~aid s~e am mentianed in said p*omi~wcl ma. 1w Pm'~ P~7~. ~ e7. ~
anr ~~tt ~,noo~ ~;n or se~ t~r 1 beoome dne and pa~sWe fatLw~th or t~r~ n tbe oo~ino~ etie
Mo~t~ee as fully and oompktdr as if said a~egate wms were oripnallp sdpulmd to be _ psid u sucr time. te7t6inE ~n ai ~na~iw~7
uote or 6erein to tLe oontrar~ notrrith~tandin~ aod the Mort~a~es s6a11 be e~tkd tbereupon or t6erafter witbout nooa oe demand to is-
samte wit at lavi or incqm
ty to enforce the of the Mortgaga 6ereundtr or under said peani~wr7 notG Ia t6e eveot eE aa~ dcfaalt
or breae6 on tbe part of t6e ~ tiaean er or nnda ~aid promisar~ notr, tbe Moetga~ee abaU 1m tre oootiuuiat opdoa ~o eaforoc
parmmt of dl sums seeurcd 6enb> > aceion st law or b~ soIt ia ~quitp ~o ~oredoa tbis mm~e. eit~er or both. aoaeurreacl7 or ot?en?iw
and ooe action or sait shall not abate or be a bu ~o or wa~~er oE tbe MKesssee'~ ri~t ts inqitute or osinain t1e at~er. W'o~ided said Hort-
p~ee s6a11 6an onlr ooe pyment and sati~faeaon of aid indebtedsw.
II l4. ~at ia t6e e~ent tLu Mort~a r ~6aU (i) aoo~ent to tbe appdo~meat oE a r~oeiva, tru~tee or 4quidaoor of ail or s a~b~n~tid
e en
part of Mort~ol~ aret~. or (Z) be ad u a baoknupt o~ io~ohmy or $le a~ohmarf Paition ie bsokrup~e~ or admit ia writio~
iosWlie~ ~o pa~ its ddits a~ t6e~ beccme ~ue. or (f) mate a~menl a~ai~omeat for tbe be~ic a~ uediton. or (4) ~le a pedtion or ~oswec
sa~~ re~rpnisation or arran~eat witL crcditon. or to ute ad~antase of an~ imoheoc~r law. or (S) Sk an ao~wer admiee~ tre ma-
terial allegatiow of s petition filed a~aiost tbe Mort~oc in aay baukruptc~r. reucPntsation ar ju~oheoer pe~oaedto=. ac (i) action shall be
taken b~ tLe Mnr~ !or tbe purpae of elfadut an~ of tLe fore~oiu~. or (7) sa1 o~da. jnd~nent or daree s6a11 be eaecad npoa ae
sPplicatan of a creditor or Morcga~or b~ a oonrt of aaapeteat !'aridiceian appcorinL • P~~ ~t appoiatment of a reai~er o~ tnu~ee
of all or a snbaoeid ~arc of tLe 1?Rort~a~or's a~.w aad suc6 oraer. iud~oent or deuee .6ali aa,ciune mw aod in effea fo~ a~ perfod ~f
t6irer (30) e:.-•ec~ei~e dapt, t6e Mortgagee mar declare tDr mte hereb7 sewred forthwQti doe ~od ps~abi~w6ererpoo t~e Priadpal of aod
tbe interat sa.aed an t6e ooce and atl a6er smn~ 6erebr ~red s6a11 bcoaoe foetkwltr dne aad pa7ank n!~ ali oi tYe said wa~ of mooey
were oripnall stip~lmd tn be paid m wcb day; and tyere~pon tLe Morc~a~ee wit6out notioe or demand mq peoiecuee s s~it at law aod/or
ia equitt as i~ all mooia ~ecored Lee+eb~ had maturcd prior to ib imdtudoo.
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1S. ThaR tbe Mortp~ee or aay pe»on aut6orised b~ t~e Mortpsee s4aU La~e tiie ri~6t eo eaar upou aod impat tLe aoctp~ed
pcemisa u all rea~ooabk dma.
I6. T6at an~ wm or sums whic6 may be loaned or ad~anoed 67 tbe Moctt+,~ee to tbe L~oitp~or st tn7 time wittiin tea (l0) lan
from t6e date of t6is indmture~ to~et6er with inarat t6ereoo at t6e rat! s~reed opoo at tbe time of weL lo~o or ad~anoe. ~6a11 be equall! ~
cured wit6 and 6s~e tbe same p~iority a~ tDe oripnsl iodebtcdneM s~ be snb~eet ~o aIl eLe term~ ~nd pro~isiom of t6a oort~e: pr~o~rided.
tLat t6e a~te amo~mt of prindpal oatstandius at as~ time sLaq not esoeed aa amonot equal to ooe hmdred and fift~ per ae~ (15096) of
etie prineipil .mount orio~b ~r• •
17. 'T6st. if required 67 l~soc~ee. tbe said 1~Iortp~or wIU ps~ o~o ttie Matpsee, on tLe ~int da~ of eaeh aod e~er~ aoreeuti~c
month~ : sum~na
1 to ooc~ewelft6 of cbe aaan~l amonnt neoewrf to pa~ dt -ats aod ~b apidt t6e ~aid mor~ Premisa. eafd
monthly sum to be atimated sokly b~ Mort~a and aknlaed to be an amamt aot lw tban tLe amouat a~ tus awa~ed a~aimt said mort-
Qa~ed Premisa for the peetioaa year. aad if fiutber required by Mottga~a to pa~ all imurana ptemioms in ma~ner and focs as pto~ided
hercin for t4e ps~meat o~. taur aal asa~menb.
1=. T6at In t6e e~mt tbe lo~u w6ic6 t6»mo~t~e is ~i~ea to ~eeore i~ made !o~ tbe oE finaodnf dther t6e ooe~tnu6ao
of oew buiWinp or tbt oomdvaion ot impru~emenes aod/or additions ~o ~ns b~dldiap. tbep 1M~r. if rcqmred b7 ~~PL'a.
upreay asrea eo depoiE~ wit6 tbe Mortaa~ee or Ib dai~oaced aseat an acsomc ot mooef eqnsl a ttie fer~oes 6etwem tbe net
of c6e loan and the total amamt, a~ daenained b~ t6e Ho~tp~ce~ ~drtd eo in117 oosPla~e aW eoa~auedoe i~ ~ooordana wltr plao~
and speeifidtiom ~ereoofote ~~haimd b~ tbe Mortp~ aad app~ bp tbe Mot~ee. 8fid amoont of moae7 iall 6e pl~oed b7 tie
~lort~aiee in s"Loam in Procew Aaoouot" in t6e name of t6e Mort~a~or, and ebe same ~6a11 be wed b~ t6e 1~ortp~ee b pa~ tLe oo~ta.
ebar~es ~nd apeaia ine~rred in ooaneedon wicb said eomerocw. prior eo ~~Mudq of t~ lo~o. Ic is turttier ape:d eLat ia t?e enoc
uid aooKrueeioo ii oot folb oompleted on or bdore t~e due ~aad In tbe 4tttaetioo Loan A~ or in ttie e~eat t6u eLe wort ao
said aomxruaion ihall oeaae before inll oom~leBon and soe6 ceradon ~6a11 condnuc hr a period of uo (10) da or-if subttantial aondnoar
pe~o~ress s6aq not be wade ia weti aooar~noo. tLm aad in au~ wei t~eat ttie Mid aarepte wsr PrioeiPV ~ i~aat~ ~atiooed in ~aid
Prom~wor7 n~e. and all mooia ~avnd bereby ~6aq beoome dne aad pa~
k firt~witr or eraeaka st t6e optfon oE seid . aod ln
t6e eteat of f+eeb oeMStioo of wotk upa~ sai~ oomtn~edoa tot a paiod af ~ea I10) da~ or if so~taotial omtinnar pe~rat~ll not be
made ia sucL aoou*uetioo. a aforaald. tLe Mortp~ee ma7 at tb optian enter inco and opoo the premt~es and oompleee ~aid oon-
~troeaoa in w~e6 m.noer a. it ' deao. ad.i..bk ..ic6ooc ~ ioterEereaos hos ere lrlor~oe; e~e a~ln~ ~ereds d~s ~ a~nt
a tbe Mort~ec lnll powet aad autborttr to mste we~ mtr7 ioeo wd opoo aid m~ ~o eoter ia~o ~ co~tra~es ot ar~
ran~emenb r ma~ be neoa~ar~ ~o oaapkte aid ooo~t*oetfoa. and b~ead n7 seoia rawl~aid "Loaa~ ia Procew Aooount" ~od
in ~dditioo aa~ imns o! 4ooe7 oeea~a~f to oompleoe aid aooKruaion: and aor and aU mooia e:pmdcd 6~ t6e MoMp`ce ia aomealoo
wit6 ~nc6 owapkciao ot ooe~ernetioo in esoa~ oE tbe mooia in said "Lwd ia Proeew Aaooant" ~6at1 be added b t~e ~aW prindpal debt and
shall draw intcnst at the rate pro~ided in uid pe~amiror~ note, and ~6a11 be seenrcd bp t~ mo~e. ~nd ~all be M~ab1e bf t~e Morep~er
00 ~emaaQ.
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