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S. 'I1u ia t4 cre~c of a suit bdo~ io~itutaQ a foreclae t6is ~aoc~asq e?e dtects~ ~Y~U bs endtkd to appbr st any ~ime dutiot
•ucb furcclosure suit ~o t6e oou~t 4sri jurisdicaoa ~rc~qE Eor c6e appoiocmeat of a recnve~ of all aod da~ulu c~r eao~a~cd Prupee~. sai
of all reaar income; profit~ asup ~ ceveuua ehercof. fraa Rs;noe~et wuroe derived; sud cAe~eupao it a?eceby e:pnssly co~eoaoad
aad a~ctd c?at ers cou~t skall twt6rric? appoiat rx6 ncei~e~ wi~Y tbs usud povrecs and duda of reesf~en. ia Gke cua; and said ap~
paintaneat s6a11 bs taade br tbt oourt as a msrtt? al uritt rirbt to t!e M ~te, and witbout refereoce ~o tbe sdequaep or toadequaey ot tM
•~lue of t6s poopatf lereb~ or co the ~ol~eaep or uuol~enep ot~~t6e Mort=a~o~ or aoT otbcr pa~t~r defeadant to sucb wit. 1~e
1don~a~o~ ieceb~r ~poei~ip,7p wa~~a ~ rit6t w objat ~o t~e alPeiatmeot of a«ceirer a~ aforaaid aad bereby e:prwlr oou;tos~ tbst wd~
aPPaaaaeat s6a11 se ~oade as sn admiaed equiq aad a~ a matter a ab~olute ri~l?t ~o the Mo~qssce aad that tbe ~ame say be done wit6oa
~o~ice to tbe Martsa~or.
6. T6u if sq~ proceedio~s ~ould be iasdtuted qairnt ebt prope~ oo~sred by t6ii mo~a~e upon an ot6er Iiea or claiw ~lutiec
•uperior or junior to t6e lien of dw mor~s~ the Mott~asee may at ib optioo imiucdiatcly upoa iw[itutioo o~wch suit or durint tbe peod-
tency tbc~of declare tAi~ ~a~e and tSe indebtednas ~ecueed Lereb~ due aad parabte to~t6witr aad mar at ;a opcioa proceed eo forocba ~
?~i~E'~•
7. To par all aad siagula~ tbe c~o~ Eea, c6s~a and ~pc~uea of e~err kiad. ineludia= tLe ~at of w abatnet of title to said lands
found to be oou~eaieat o~s e:pedieat io ooaacctioo with.ao~ swt for t6e fora{osuro of t6i~mo~a~e, aad alq iodudins, wbethe~ tbe 1~ ~~s~e
is obG~ated to pa7 samc oc not~ reawoabk aaorne~'t tca iocuned o~ upaided u aoy time by the Mo~a~ee baawe of ehe failure tfe
Morrtagor tope dom~, oaupl,~r wie~ aod abide by all or aay of c~e co.eaana~ oondiciaa aod ~tipulatioo~ ot uid pnxai~oryr note. or tL4
mortga~e. in tbe foreclaeure of tlw and in oollectias c6e amount ueueed heceb~r witb or witbout tepl Pro~edioO. and m ma-
bane tbe M for erery pa~ment ma e or iotu~trd for any iucb ~utpoee wit6 incense tran daee of e.ery suce panoene u the nte of
ag6~ p e~ eeot (t ) P c r annuao; suci payaoeua a n
d o
b ii~stioo~, wi t
ti iocc~at t b aeau ~s a E
o r aai d, sAall be ~ecurcd 1?~ the Geu beraof.
i. 1b ketp tbe buiWtns o~ bdl6inp oow or be~eafter oo said land inwrcd ~taimt las or daraa~e b~ R~r, eueoded oo~ecaae aod
otber perib, ineludins w:r rist insut~na it a~aitabi~ ia s~wa uot ka t6ao thdr fall imurable ralue st t~e oo~t and espea~t of tbe Mo~t•
8a8~ ~a a eanpany or ooapaaua appro~ed br tbe Mortta~ t6e poliet or policia to be held b~ t6e Mort~a~ and sac6 polic~r o~ policia of
'snsuraoce s6a11 6a~e affiud t6ento a Standard New York Mortgasee Clause~ a~akiog all loa~ or losses uader s potiey o~ puticia psysbk eo
che Mortgagee a~ in interac rosp ~ppeu~ and to delive~ said poiny or pol+cia eo che Mongagee whca issucd wu6 the rcceipts for tbe pa~-
mcat of the praniwn t6erefor; and in tbt eveat anr ~um of m~a~e~ bccana payabte under such policp o~ policia~ t6e Mottgagee sball bare
cht option to rad~e aad applr tbe satoe on sapunt of t6e indebtedne~ seeured bcrebr or to permit tbe Mortgag~oe to recei~e aod uae it, or aay
part thereof~ fo~ othtr purposes, vsitbut thenby wai~iag or im~airias aq~ equitp, lien or n~t under or by rim~e of dus mortgsae; aod
cse Mortgaaee if it deam aeces~aqr may plsce and par for wc6 ~asuraneR, or aar part t6ereo .~tithout bsio& wai~ina or affateag Mort-
gagre's option to fomlae for breach of t6ia oorenany or anr pa~t tbcreof~ or aay ri bt or optioo under tLis mo~tgaae, and e~eq sucb paT-
meat shsll bcar intenst from date cLercof uatil paid at t6e nte of ei~t per ant (~~6) per annmq awd all sueh
aloraaid s6ali be seeured br tbe liea iereof. In t6e e~eat anr lass or rtd Mo r ~6ali noti Mo~a i~~ ~
dunage wicaia fortp-eig6c (4=) boun aher t6e 6a da~°age is spffe ~ago fl' ~ta+~8ee of wcb loa oc
gee s6a11 6are t6e rig6ts 6creia f~°g ~~0f; ~~lure to ai~e such ootice s6a11 eomtitnte a defauh aad tbe Mortsa-
gi~ea fo~ atl defau b.
9. To pern~y cnmmit or wfisr oo wa~te and to maintain tbe impro~emena at all tirsa ia a uate of ~ood rep~ir aad oooditioo; aad
co do orpe rmit to be doae to uid premises aot6iea that will alter ot thauge t6e we and tharacte~ of ~aid prope~tp or ~a anY wa~ impai~ er
weaken the steurity of said mo~s~a In qx of t6e refutal. neglat or inabiGq of t6e Mortgagor to repair and mainqia said propcrtr. t6e
Mort~agre msr, u ie~ opiioq make s~xh npain or eswe tbe same [o ee made aad ad~aace monia ia that be6alf w6ics wau shall be secured
b.• tbe tieo liereof and bear interest at tbe rue of dg6t per cwt (!96) per annum.
10. To deli~tr the absttact or ibt[iCb O~E tltl! CO~RtID~ tllt mOt~i~ Prp~~ t0 MO[t
gagee or its dai~uated sga~~ ~shich s6a11 at ,
al1 6mes. duriee the life of t6is mort~a~ ranain in [De ponasion oE tbe Moet~agce and in eTent of tbe foralosurc of tLis moagage or abec
vamfer of titk, all rigbt. title aad iaterat of ebe Mortsagor in aod to anr ~uch absttact or abtracb of atle sAaQ pus to tLe purchasct o~
~ra~ta. .
il. That oo wai~er of ao~r eo~enant 6aein or in tLe obli~ation seeured 6ereb~ s6a11 at an~ tiaoe 6ercafter be held to be a~.ai~er of
any of tbe ot6er ternu Atn+of or of tbe note secured 6ereby.
t2. Z3ac io order to aceelenre tLe matnrit~ of t~e indcbcedna. 6ereb~ .ecuced because of tbe failure of eLe Morc`ago~ m par ~+r w~
sssa~oent. liabilitp, obUgatian or encumbrance upou ssid peopat~ a herda pro~ided. it s6a11 not be na~-sar~ nor reqwsite ~6at the Mort~ee
:hall fint par the sa~se. - .
I1. T6u if t6e Mort~ator sLap fail. ne~lecc or refuse for s period of t6irt~ (30) days ful!y and piomptl7 ro par t6e amouna r~
quircd co be paid by che noce bereb~ .ea,red or the iutuat tberein specified or any of tbe sams of moner 6erein refcrred to or 6ereb~ ~e-
, cured. or otLe~wise dWy. fup~ and Prom~t17 to P~rform. ~zeeut~ eom~y witti and abide by each, e~ery or an~ of the oormanb. eonditiow
or stipulatioos of dw mort~a~e. t6e Prom~ory oote lieceb~ secured sndlor tbe ooo~truetiou ban agreemrnti if wr. theo. aod in dt6ec or ia
my of wcti e.mes. w;cbouc oodoe or danaod, c6e said a~gregaee sum menaooed ia said promisso~~ oote. las prcvio~s pa~menq, if anp. and
an~ and all sums mrntiaaed becan or seeura! bertb~ shs!! beoome due aod pa~abie forthwitb or tLereafta at ebe oontinuiagoptw~ of ttie
Morc~ee as fup~ and oompktd~ as if said a~nga~e wms wa~e ori`enailp stipulued to be paid ac soc6 ti 'd
note o~ he~aa m e6e aootrar~ uotwithwndio~ and t6e Mortpaee shall be entitled c6ereupoe or tbcreaftsr ba~nodceg or demand~t~o-
sritute suit at lav~ o~ iueq uiqr to wforte tbe~~ of t6e ~iottgagee Lerewder or under said
or brac6 0o t6e part of tLe Moet~or 6aeunder or uude~ ssid pra°~°07 °0~• Ia tbe e.eat of ar.~ defauh
paymeot of dl seum secvred Lereb P~~7? ttie Mortgagee shalt La~e the omcinuioa opcion [o en[oroe
7 br action u lss or 0~ sait ineqm
q en foreebe e6is moctgage, dtLer or boc6. aooeurren[lp or ot4erwise,
and one action or wit ~Sall not abate or be a bu fio or wai~a of tbe Mottgagee's ri~6t ta insrinm or maintain t6e ot6er. pro~ided ~aed Mort-
~agee s6a11 6a~e my one pqment and satislsetion oE said iodebtedneM.
14. 'Ibat in t6e evtot tbat 11~foc~r
s6a11 (i) ooasent eo tbe appoioeneat af a rtcei~er. trwtte or liquidsror ot al! or a wbsandal
puc of More~o~'s a~ts, or (2) be ~d o' a banteupi o~ iwohmt, o~ 8k a~oluncar~ petition in bantcuPa7. or admit *o ~rriein= iu
Inabilit~ ed paT Its dibts a~ t~ beaome ~ne~ or (3) make a~eopal wip~meat for tbe bencfit of credi or Sle a
eo
seck~ reorW+isa~oo ot arrao~t sith ctedi~on. or to ute ad~~nate of an~ ia~oheae~ law~ or (S~ k an amwer a
mittiagrt6e~ms-a
terial allegatioos of a petitiou filcd sssimt tbe Mor[ga~ur in an~ bankruptcp, reorganisadon or insol~encr Procecdin~ or (6y action sball be
ta4ea b~ tie Mort~or for t6e purpae of effeetint snr of t6e foreaoin& or (7) ao~ otder. j~d~neat or daree shall be rntered upon an
applicuioo of a ereditor or Mortga~oc b~ a oonrt of oompetmt ~utisdi~xioo approrios a petiaon seetin~ appoinanent of a reeei•er or tru~cce '
of all or t wbstantial part of tLe Mort~aBos's mets and sueh order. jnd~nent or dect+ee s6alt oontin~ ansta~od snd in eHect fot aar period of
thirtr (30) oomecutiYe d:M the Mo~tgagee ma~ d~darc tbe oote Lereb~ secnred fortbwit6 dae and paTable, w6ereuapon ebe principal of aod _
t6e interest aatued oo tLe uote and all otber sums 6ecebr ~ecured sball beooose fortDwit6 due and paTabk a if aIl of the said sums of moae~
were oriQnall stipWued to be paid an sut6 dar; aad tbaenpon tbe Mort~s~ee without uotiet or demand~ma~ p~wecate a suit at law and/ur
; n equi7 a i~ all monia ~eeared hereb~ 6ad mstoral ptior ~o ita toKitueio~.
15. T6u t6e Moct~s~ee or any penoo autbo~ised b~ tLe Mortp~ce t6a11 bave t6e rig6t ~o entcr upon and iuspea tbe matpted
prtroises at all reasonable times
16. T6at anr wm or s~ w6ich ma~ be twned or advanoed br tbe Mort~- to tbe Mortgagor u aay dme wit6ia tm (l0) ~ean
from tbe date of this iodmcure, to~etber with interat tbetcoo at the race sgreed npon at tbe dme of iueL baa or ad~aoce~ shall be equall~ ~e-
cured witb and 6a~e tLe saa?e priority n t6e ori~nd indebtednaa and be snbjat roo all t6e terms aad prorisioos of tha mo*t~a~e: pro~ided.
c6ac c6e a~rsate anwua of prinapal o~standins u aa~ tia~e sbsll not aeeed an amount equal eo one huadred and fift~ per eent (15096) of
che prineipal amouat originallr ~eeuced Letebp.
11. 1bst, if reqnircd b~ Mo~ t~e ~aid Mort~t~or wili pa~ nnoo t6e M~t~eq on tbe fi~t dar of ac6 and e~ery eomttutirt
rnontb. s wm 1 to aoacwelfth of t6e ~nanal amonat neaa~arp ~o pa~ dt taus and ssa~ments a~aimt tLe ~aid mortgaged Premises. said
mon~hly sum eo~a~maced soiei~ br Morcg,a~ee and ulcutaeed co be aa a~ na les chsn ~Le amon~ of eua asn.ed
BsB~ F~~ ~r ~ p*~~ S'~. farthtr required by Mortgagce tp pay tll imnraaa p~smioms ia manatr snd fo~rm~
pw~ided
here~n for tbe parment of. tazp aad ~p~meab,
li. 'I~at in tbe r?eQt tbe lwa wLich tL»m~e is p~es to ~ecure » made for tbe urpo~e of
of new buildinp or tbe oomtntaiou of imp[ovements sa~l/or addiboo~ to amria~ buiWin~. eLe Mortpp~r.
i~r~qmrod br tbs ~
ezprea~y agrea to depoaf~wid? t6e Mortgasee or i~s dai~omd a~eat an arno~mt of maae~ equal to t4 differeaee 6awaa tbe aet pioccsds
of t6e loan aod tLe toal ae.ouo~ a~ determined b7 t~e Mor~,rcqm red w faly oosPleee pid ooe~tructioo In aooordaoce witr tbe plaw
and speci~ beretofore sabmiaed b~ tLe btortga~oT aad appro~M 6r tbe Mo~a~ee. S~id amoaut of aso~oe~ sball be plseed 6~ t6e
1?soctis~ee in s"7
oaw io Precas Aooonat" ta tbe n~me of ttie bSore~a~or, aad tLe ume s6a11 be wed b~ -tbe Mon~a~a to pay cbe oab.
ci.ar~es and ezPensa incnrred In eooaecdon wicb said oomtn~cw~pn or eo diibnrrins of tL'a ioao. It i~ fnrt6cr a~rad tLat in tbe e~au
•aid oonstruetioo is not tnllr oomplead o0 or bc[vr~e t6e date wtrd in t6e C,omaoetion Loan Asnanmt or in the e~eot t6st t6e wort on
said eonwvetion ~ba11 cease before fuil oan~kelon aad sneh ca~ation s6a11 aoatinne for a psriod of teo (10) da or-if tubst~tial oootinooa~
progre~s s6aU not be msde in ae~ ooourucooo, t6eo and iu a~ aKi e~reat th aid a~re~ate sam, pcindpal ~ intere~y mentiooed in ~aid
Pram~nuq' not~, and dl monia ~ecured 6eceb~ shall ba+ome due and pa~abk ~oc~LF~itb or t~ereafar it the optioo of said Mortgagee: and is
the e?eot of wc6 oe~stioo of work npoo ai~ ooo~trncdon tor a period of un (10) dar. or if su~tancial oootinnou~ p~gres shall oot 6e
msde in sac6 ooa~strocdoo. st aLoraaid. tbe Mort~ee ma~ at jb opiao entcr intc+ and npon tbe prmuua and complete ~aid oon-
scn~etioa in wc6 maoaer a~ it deems ad~isabk witbont an~ i~erfaeaee fcom t6e Mo~s~or: the sn~ }~7 t;~L and Ranstoi
to tbe Mortea~ee fnll power aad ant6ocit~ to maEe wc6 eat~ ioto and npon said ~no~t~ed_ praniser„ to eacer into mci ooncrsen or ~r-
ran,Qements a~ msr be oeeenaq eo aomplete aid oowtnxtioq and 1n a~peod an~ mooia rana~nio6 in said "Loaas in Procas Aooount' ~nd
in additiou aor ~ms of mooe~ neoa~sq to oomplae aid aoo~truaioo; and a~ aod all mooia apeaded M t6e Mon~s~ee io emoatiion
wicb soei oowplecioo of oom[r~aiao ia esass of t5e mooia io said '?oao~ ia Procea Aooo~ns" ~6a11 be added w t~e said yrinapal debt and
shall drsw i~enu at tbe rne prorided in ~aid peomiworp note, snd ~hall be aenred bp t6i~ mortp~e, aad ~6all be payabk b~ tle Morq~~r
0o dewanA.
a~~ 1fi9 ~~E 862
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