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f. Thee ia•tM eveot of a iuit bein,~ Iwtituted a fotae{o~ eW mo~csapy cb Mert~ee ~all be eodckd oo ap~lp u ao,~r tims du
•ucb tocalosun ~utt to t4e oouK baiu~ juri~dietiao t~f Eor t6e appoiucmeat of a~~er of dl aad ~lac the mo~K~sd WOP~*V.~
of all reaq, iaoome+. profib~ i~wa aad ~ereuua t6ereof. eom RAaaoem ~ouca derirsd; aad t?ereupoo t b lerebr espca~r eo~esaaeed '
a a d a~ r
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6wi t h appoint ~ u c 6 raei~e~ w i t
~ tbt uwal powsn aad duds oE reoei~en. ie lib caa; ~od s~id ap~
poianoent ~sU be msde by tLe oourt aa a maaer of atrict ri~At ~o t4e b~~ and wit6out retsnoce b t~e adeqwq oe inad~nsqr o[ W
•alue o~ tL~ propert~ be_r~ebi or oo eLe wheoer or ia~oheurf of ort~or or ~qp otbet pa~ defead~ot ~o weti wd~ 'ltie
Mo~[~?~or rcreb apaifically ~a c et~he eo objat eo Ne ~ppoiatisent of ~ raave~ • afonaid and henb
appoiatmeat shsl~ be made ~s an admitted equid aud a~ a wa[ter af a~Olnte ri~t 1o tDe ~~rasir ooo~a tha we?
aocics to t6s Monp~r. ~ atid t?s~t t6e wae eaap be dooe wtt~out
T6at if ~n7 Oroceedio~ss ~6ould be imdtuted ~simt the W'oPer4 ~end thi~ noortsasc upoa a~~r ot?er lien or clais w~et~er
~uperior or 'unior ~o the liea of this c6e bso~tsatee way a ib optioa iminedi~tet~ upoa io~Fcucioa of w~d suit or duriot tM pead.
~ney tDereo~ dalace thb mo~ and :be ebccdeu~ seeuccd rereb~ due and pyrabb toechwic6 aod ae ia opciou poooe~d ~o tonefow
c6i~ moe~
7. To pay all aad ~iotu~ic tbe co~a? ka. e~r~a and ezPemes o~ e~erf ~~d~dios t6e cat of ao abuaet of tlcie ~e said tani
found to be oou•taimt or ezpeduat ia oooncctiae wi~6.aq~ suit for tbe foreslaure ot t~ ~aod obo Iodadio~ wtietDer t6e l~~
is obGpted toP~t wae or aot, rwoaable auoc~ ~fea ineurred or apeoded u ao~ Kme ?y Mo~s Oaeawe of tLe failuro tre
Mor~a~o~ tope rfo~m, oanp~r wich .nd abtde b~ d! er anr o~ c6e oo.easnnr oosdiciao~ aod ~Ipulstion~ of aJd prooiNOr~ aotS or t6ia
mo~qa~e, in tbe fo~eclaaurc of thiamo~~e aod ia aolleean~ tde an4ount ~xurcd 6ueb~ wIt? a~ wit6o~t kpl praoeediopr asd e~ niol•
5une eLe o~t~a~e for eveq' Pa~~neat made or ia~w~ccd for ao~ wcti puepo~t wit~ te~•~a~t fram date o~ s~eq we\ p~~ent at tb r~s ~f
«~t l~er a~t (i7fr),Per ae0um: a~c~ M7'meats and oblisstioati witr iatce~t trereoa r atoe~pd~ ~Lall bs ~xnced bp t~ liea Laeef.
i. Zb t6e buildios or bdldlap now or Lereafter on said laod iawre~ ioM or dwa~e b7 fire. a~teaded oo~en~e a~
othec perib. iuc~ wu rbt inwrancs if a~ailable. in •~nm uot las t6an t6etr fuil imnnbk ~dne at t?e eat aod ~peme of tLe Mat~
gs~or ta a oorspany or oompania app~cd by t6e Mortsa~ce~ tbe poliq or policja eo be !dd b~ tbc Mor~ and snc~ polie~r or policia oE
i~uraace ~all 6a~e affiYCd tbeteto a Standard New Yock Mort~a~te Clawe. matins all lo~s or loaes undcr polief or polida payabk q
t6e Mo~tacs as ib iaterat may appeir. aad ~o deU~ee said polier or polieia to t6e ~ wlaen i»ucd wit6 tbe noapb fo~r t`epa~-
ment of tbe p~aniura tberetor; and in tbe e~ent aay sam otmone~r beoomay~~
k under suc poliep or polieia, t6e Moresasee s6a11 Ya~e
c6e optian to reca~e aod appi~ eLe same cn aoooaot of t6e i~~ierteiaa~ saured- ~e~ebr or to permit t6e Moetsa~or to raeire aod we iy or an7
part theraof~ for ot6er purpores, witbut c6~rebr wai~ oe imRairint W eqni4~ lien or ri under or by detue of dw mort~e• aod ;
che Mo~a=ee if ic deam necenar~ may plaa and pa~ for w~ch ~wura or any put wit6out wal '
Qa~e~~ opw~ 0o foreelae for bnse6 of t6is emreuany or W part tber~ ot ri~6t or =H~~
~enc s6a!! bear intereat from date t6eceof nntil ~ °Pb0'° undsr t6is vor~, sod e~str wei par
aforaaid ~all be secored b~ t6e liea hecc~f. In
~ e~ent an~ lo»~ P~ ~i~16) pa ~nnmy aod all ~ac? pa~aesb wit6 imerat ~s .
damage wit6in forey-ei~t (q) bonn :fter t~e happe~n~ theteof• t6e fai=f
ln~re to saffered 1~lortsa~or s6a[I uotif~ Mo~e of sue~ IoN or i
gce a6aU 6a~e tbe rig6ts 6eala ~i~ea tor all defaulb. ' ~n s~ 00~~ ~1 ooo~titate a dcfiuTt and ttie Mo~a-
9. To permit~ oommit or wfhr no waue and to mainnia tbe Impeo~mmts u all times in a state of ~ood erpai~ and oooditioa• snd
0o do orpermit to be done to said pnmtses nahin~ t6u wili aher or c6snse t~a me aod eharscter oE ~aid
weaken tbe aceurit~ of wd mort~a~e. In we of tLe refural. oe~leet or ioabi ' of t~e P~'~Pa4 oe In aqp wy fmpair ~r '
Moct~a~ee may. at ia op6oq aoake suc6 repain or eau~e tre ame to be aiade~aod ad~
~in ~
be6aiOlf wLieL w~ms shall be~seon~ rod
by t6e tiea 6ercof aal beu inte~et at tbe rue o~ diLt per cent (s%) per aon~m. , i
10. To delirer t6e abRrset a~ ab~tnat of title eoncrin~ t6e mo~t~a~cd properq so Moe~a~ce or fes dpi~oated a~eat~ N~ic6 s~all at
all tima, durio~ t6e lih of t6is mort~a~e. res~ain in t1e poaas~ou of t6e !~lortsasee aod ia event of tLe foreclosnre o~ t6is mo~t~a~e ar at6er
craafet of titk, all ri~ht. titk and inhrat of the Mortp~ot ia aod to aq~ weli ~bKr~et or ab~taets of 6tle ~ha11 paM to tbe purcba~er ar
granne.
ll. Tbu no wai~er of aoy oo~eaant beceia or in tLe obliptioa secared Lereb~ ~baU u aq~r tlme tiereafter be 6cid to be a s~ai~er el ~
any of tbe ot6er terms 6eceo~ or ~ tbe note ~ewred 6aeb~.
1Z. T6at ia order ~o aaderate tLe mstorit~ of tbe iodebtedoeM ~reb~ ~eured baawe of t6e failnre of tie Mort~~pr to ~
aaeamau. liabilitp. obtigation ar eowmbraoce apoo said ptoperq? a~ 6aein pro~?jded. It stiall aot be oeas~~r~ nor reqni~dte t6st tie
a~Moet~e~
ssall 8nt par tLe satee.
13. lbac if t~e Moe~ s6a11 fail. ne~ket o~ refa~e ior a p«iod of t~tetf (30) dsri fWi aod peompry tu pay d,e ~ re-
quired to be paid bp d~e uoce ~eeeb~ savnd or tre jotuert tbereia spedfied or aar of tbe a~ ~moner 6aein refernd to or ~enb~? ~
u
cured. a~ ~6erwi~e ddy, ~uly aod pran~N7 w Per[oe~a. ~ ooaa witr and abide b~ e~e6. e~eqr or aq a~ tbe oorenant~ eond~da~~
or stipulatioo~ of t6is moetra~e, tLep oote 6ereb~ ~eeorid o~ tLe oo~ou bas asram~ if aa7. t~eo. aud ia dtfer er ia
anr of wc6 r.ent~ witbout r~otia ar d~t6e saida~e~te wm tneatiooed tn iaid P~7 le~ Pm'~ W7~, ~~R
anr aad all s~ms mmtloned 6eceiu or ~eeared 6ereby s6 1 beoo~e due and pa~sWe fo~t6witL or ebereaher at tke oootinnins of tbs
Moet~ee as fult~ and oanpietdy as if said a~regue wms were oeiQinallr stipola~ted ~o be d at sneti ttm~ an n
note or 6erein ~o tbe oanuar~ aotwit~tandin~ aad t6e Mort~a~ee ~idl be eotitled tDeceu ~ 7~0~ in sai
stitnte suit at law or iu to enforae t6e of tbe P~ or tLerea~r withoot notiee os demaod~
or brcacb an tbe y~ ~0~~ iereandtr ot under su'd promi~oq nota in t5e r~eot of aa~ dc~auh
P~7~t of all su~
saured or mder ~aid pcomwor~ noce~ ck Mortp~ee ~6aU ha~e de ooocimm~s opcian ~o eafora
hereb7 aaian u law o~ b~ adt in eqaitt ~o foreelo~e t6is maep~ dttier or bab, ooocnrrwcy er ottierwi~y
and ooe aaiao or wit ~6~I1 mt abate or 6e a bu eo or wa[~er oE tLe M~rt~ce'i ri~lt ta inaitude or mai~ain the ottier. prorided ~aid Mo~t- ~
jaece ~hall Lave ody ooe paymmt and sa~fsaion of aid indebtedoa~, j
t4. 'I3at in tLe e~ thaR ~or sL~ap (1) oomaK ~o t6e a
ppdatmmt of a c~oei~er, tcwtee or Gquida~o~ of all or a a~b~aoojd
put ot ~oc~o~~ arebr ar (Z) be ~d odicated a bankrnpt or ie~ol~ et 9k a~olnoae~ pe~tioo in bankra ~
iaabilit7 b W7 fi~ debts r tLe~ beeome ~ P~f" oe sdmit in wri8aj ~1s
a~ or (3) make a pneral ~uu~omat ior tbe bmdit oE creditors. o~ (4) ~le a petitiao or ao~wee
~s ~~sti~ or arran~ement witL eridieon. or ~o take ad~aaase oE any iu~ohe~ 4w, or (S) Sk an an~wu admittias tie ~s-
eatm b~ ere Mo ~ i~foe cbe t~ ;u a4r ~~r~s. er ioal.eae~? procadin` or acdoo araq be
~ ct~a~or purno~e of eff«tins an~ of t6e lo~oia~ or (7) aar o~d~. judpntac or deaee .eal~ be eMeretl upoo aa ,
spplication of a e~dieor or Mort~or b~ a oourt of aanpebentt ~'rrrndtcdon aPW'~'~oi • P~da~ sed3as appointment of a recei~er or trn~s
of all ~ a sabsuwial put o~ tLe Mort~oe's aNeb and sne6 oeder. iud~ or daree ttiaU oootione aoeta aod in effat for ao~ period ef
chinr (so) ooo.ecud•e da~., ~be Mo~ mq dalue ~e oou 6ereb~ secored io~hwie6 doe .ai w~rab~w6eK.pon e~er~ ndpal o[ aoa
ebe ;~erec aocraed an ebe nas and d1 oc~er ,am~ ha+ebr aecnre sbsD be~oa~e for~wic6 dne and a sums of
were ori~ioali~r stipul~ted to be paid an soc6 dar; aod therenpoo tbe Moetsa~ee witboat eodee or da~ma~adk d jf ap oE eLe sai ~
in tq~itp as if all mooia ~etuced 6erib~ 6ad matnted peiot o~ ta tndtutioa. suft u law ~ ~
is. 'ibac ere 1~taipsee or anf penoa au~oeised by ere I~loccp~ee ~hst1 ha.e ~be ei~c a enKr npon aad ;n.pea cie ma~ed ~
pranisa st aU rea~ooable ti~nai.
16. Tbat ao~ sum or snm+ whieh may be loaned or nd~anoed br tLe Maetp~ee to ttie Mortsa~oc a ao7 time witLin tm (10) ~aa #
fran the due of t6is iadmtnre. ~er witti interest tbereon at tLe rate ap~eed npon at tbe time of soe6 lo~n or ad~ s6ai1 be f
cured .ric6 aod ba.e t6e ame priority n cbe ori`tnai Iudebtednw aod be aob' ~o sll ebe esrnd sad ru•isiom of ~ ~y ~ ~
tbat t6e ~PR: peO'~ #
che priaa~~
c~o~ity~' ~+~ce 6~`ue~.
°s a a~ eme sbsu ooc ~~.n amon~ cywt a one ~~r~a .na fite~ ~r «ac (~so9G) f
'rb.y if e~area b~ No~ee~ ebe .Ja e~o~ot Rtn pa~ o~o ek Moe~e~ che li,.c d.r of eaeh .oa ~.e~ ooo.en,a.~
moath. a~eqoa
1 to a~twelftb of sannal amouat neoa~ar~ ts yay dl ~ta~a and a~aoenb apiwt tbe said mo~tpacd Pradsn. ~dd
mont6ly st~ to be eaimated soky b~ Moct~ee and ukulated tio be aa aoo~ant aot kN tban t~e a~oouot oE tup ~waad spimR Wid sort-
S~~ P~ P~~ J'~. and if furtLer nqoired b7 Mottp~ee to Pst ~11 in~os~aoe prsmiams in m~ooer and fora a~ pr~nided
hereia for t6e PiJmeat of. ta~e~ aod a~e~mmb. • .
lf. 'I7at io ttis e~ent tLe to~a w6kL tiitm~e b ~t~ea to ~eeaa L m~de io~ d~e of ~inaodo~ de6a tbe coa~tnrctio~ ;
of new baildinp et tre ooa~en~tiao ot impio?emewnt~ aud/ot additioos eo
~~~~~i~.~~~s~~
esPres~17 asrea ta depatt• whti ebe Morep~ee or ~ d~ a~ent an ~somt o~o~e~ pual ~s eM H~eeaos the sa y~
of t4e {oan sod ere mtal amount,. a~ determiaed bT t~e 1~lortP~ee+ ~o ~oU~ oosphee t~id eoa~troctio~ te aooocdaoce wit~ t& plaa~
and spee~~adoos ~artofoe~e sabm~ttsd bl tie Mo~tpy~e aod a~Pp~b~t~e ~loetppe. 8dd amoaot of mooe~ ~all be plaad b~ ttie
Mortpire jn a"Loa~ in Praar Aoooua~' in tbe naa~e aE tLe D~Ioetp~or~ asd ttie tme ~11 be wed b~ t4 Yo~ b pa~ ttie oo~
c6ar~es aai apea~a iaenrred ia ooooeaioa w&6 ~aid ooo~tenetioa~ to a~ oE e~b loan. It L tartber aQetd tLat ~ tre e?eat
•aid ooortn~ctioo b sot inly aompkted ao or bdoes tre d~oe atseed b t~e ~~~rt~roWoa Loaa or ia ttie eoe~ t~at t~e w~t a~
said eomtraaioo ~?atl oaee beioes ~dl aompletto~ aod weti ca~ado~ ~iall ooatinus io~ a period~0) da~s. er-if ~o6.tandal ooadaoar
peoQe~s s6a11 oot 6s made in we~ uoouraafoq t1KU and is ao~ iuci ewat t~e aW ~ wm. PciaiDal aad iatecay me~tiooed in ~aid
P~~! ~~nd aq mooia ~eeared 6aeb~ ~hall beoaae dne aad ~~abk ~at?rritti or t~afoa at tLe optfoo of uid Nort=a~ee: and is
tbe e~tat of we6 ca~atios o~f work n ai~ ooo~trne~ioa foe a period aE te~ (10) dar, o[ tf ~d ao~aoou~ j
ss~ u ib P~ iall aot be ,
~ ~
m~soner
sr it demN ~d~Lab~k: wi t as~ interEee~ fras t!e ~ ~ asd oompkte afd aoa-
w t MKeP~x: e~e ade ~Spt iaebi d~s dd s~os
1b t6e 1~fo~a~ec fali pewsr asd aot~ocit~ en mah soe~ satr~ iseo aod opoo aia a~ort~ed eo eoter ta~u rne~ eootraw oe ar~
~an`emmb r may be aaoanr~ o0 oompkae stid ooaa~ctioq ~od 1o c~pe~d n7 sooia n~i
ia~aid "Iao~ la Prooat Aoooam' aed
tn additioe as~ s~ of mooef oeoaarl to oomPk~e aid eoo~eoetioo; tod ~ aod dl moeip ezpaded b~ tie 1~1oap;ee in eeoo~io~
wid~ ~oe~ oompktion oE eoo~tnxtioo ia escas o! t6e enooia in said "Lo~a~ i~ Proees Aaooust" iall be added ~e tre sdd prineipd de6t ao~ `
oe eM dm~d. intewe ac che rate pro~idcd io said pe~or~ ootq aad ~sl! be seeored b~ tii~ so~ep~ aed ~~aii be pqabte b~ Ne Mor~ ~
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