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s. Thu in c~e sveoc ot a suic aeias iwacuted eo foreclore t~i~ e~ortp~q cl~e Mott~.,~es .ball be sntirkd a appUr u my woe du~int
•ucb torabsure ~uit to tse ooun Aavin~ ju~i~diccion ~be~eOf for t6e sppwucmco~ uf a~aei~er of dl aad dasulu che iaorc~a~ed pwpertr. tod
of all nats. tut~aes, proEia i~ua and cevenua [6eceof, from RAaaosve~ au~ce dcri~ed; aod cMeceupon it ~ ae~r t:pnalr ooreaaared
and aQrecd tlut t?e coun a~di tort6wit? appoiat such ~cceire~ witb tbe usual poxsn and duda oE rceei~ers. io Gkc cases; sad said sp-
poi~eweot ~Lall be msde by tbs oourt ai a maaer of arict rirlt to t6e 1?io and witioout teference eo tLe adeqvuf or ioadequae~ of tre
u
•atuc of t6t proptrty baeD~ mo~a~ed. ~ to t6c wlreacr or imolrcnc~r oi Mon~ or an~ otbct puty defea~??at to tuc6 wit. Z1s ;
Mon~o~ he~ebr tpecifita Ir waivp tbe ti~~t ~o objett to tbe appoianncat of a~steirec a afocaaid aud 6tnby e:prastY ooasena t6u a~
appoiatment shall be made a w admitted equiqr ~nd as a matter oE abalu~e d~hc ~o chc Mo~a u,d ~Da~ ~be same mar be done wic6ow
notice to the Matp~o~.
T4at if my yroeeedioip sbould be insdtutsd asainst t6e pcopenr cove~ed by this mo~a~e upou au ot6er Grn or el~im w6etde~
~m
~upe~ior or juaiot to t6e Gea of tAi~ a~ cbe Moct~s~eeee au~r st its optioa imnocdiatet~ upoa iostitution wcb suit w duriag tbe pead-
eacr tAercof dalare t!w mat ~
this mo~gG s'~ ~ t~ie i ebtcd°as saured 6ereby due aad payable forthwic6 aad ~oa~ at ib option p~occed eo loaelae f
To pay all and aiagula~ tLe cost~ fea. ebar~es aad e:peasa oE e~ery kind~ iadudioa t6e aost of an abattact of title to said land~
found to be oonveoienc o~ s:pedieat ia rnanatioo wit6.aut suit for tbe fo~t~clasure of tbis mo~cta~ and dsn incl•rdia~ wbet6e~ t6e btat~asce
;s oAGpced to pa~r sune or aoy reasoaable aaocaeri fea iocurred or up.~aded at ~n~ time by t6e Moctta~ee becawc of tDe failure of c6e
Mo~sgor tope ~foao, c+xoplr vritA and abidc br all or aay of t6e co~eaana, coadiaow aod ~ipuluioo~ of said p?aairory aote, ot t~is
mort~s~e, in tbe forecloaure of c~is mo~a~e and in oollectia~ t6e smouat secured 6erebr wit6 or withodt keal proceedinp. aod ~o ~eim-
bune t6e Mort`a~ce for every payment made o~ iacurrcd for aay sucb ~urpo~ witA iataat from due of ever~ wc~ parneut u tbe ruc of
cit6c per ccnc (i7i) Per anaum; wcD pa~mena and oblitateam„ witb uuerat tDenoo ~ aEocaaid. ~hall be rxund b~ the Geo bereof.
t To tcev cbe buildias or buildiap now or bereafter oc uid land iusured ~aiou loa or damsge b~ fire. euended oo•erate snd
oc6er perib. iodud~ns wu rist iwunnce if a~ailablti ia a~wn ~o~ lesa thao tAdr full iasurable ~alu~ u tl~e cat and e:pense of tbe Mo~t-
Bagor in a ooaipany or oompania appco~ed b ehe Morc~ ~be policr o~ polieia co be beld br ~Le ~r~, and sucTi polic~ or poliaa of
insu~ance shall hare affi:ed t6tnto a Standa~Ntw Yodc Moctga~et Clausq maki~ all loa~ or lossa und~~ a s h Folitp o~ policip pa~ab~e eo
c6c Mongsgee as ib iatenst ma~ appear. and to deli~e~ said policT or policia to t6e Mortgagce a6eo iswed wu6 the nrtipes for the Qa~-
ment of the prrnium tLerefor; aad in tbe srent any s~im of moacy becomp payable noder sucA policp or policiea, t6e Mortsaga s6a11 6a~e
tLe option to nttine and aPP~7 ~ ~sIDe on aocouot of t6e indebttdae~ securcd 6treby or to pemut t6e Mongaaw to receive aad use iy or aay
part t6ercof. for ot6er purpasea, rsitjo,ut tAtrebr waivins or im~airiat ap~ tquitr~ lien or n~bt under or br ~irtue of tbis wottssse; and
chc Moctgagee if it deeaK aeceasary may place and pay fo~ suc6 imunoce~ or aa n thereo~ wit6out waivi
y pa . losiug. as oe affoctiag Mort-
gagce9 option to forcclae for breat6 of thia oo•cnauy or u?r ~pacc chereof, or aar right or optioa uader this mortga~ aod ersrr suc6 pa~-
meot s6a11 bcar ioterat from date chcreof uatil paid at t6e ate of eiaht pe~ oeat (19G) p~ annwq aad all sue6 pa~~nmo witL intcrat at
aforaaid s6a11 be sccund by tAe 4ea hereof. In the e~eat aay iaa or damage u soffered Mo~qaaoc s6a11 naifr Mor~gagee of wt6 loa or
damaar witiiia torcY-cigbt (~i) bours aker tbe happeniag tbenof; t~e failure to p~e ~uch notice s6a11 comatute a defauh aad tbe Mo~qa-
ga ahall 6ave tLe rigbp heteia 6iren foc aU defaults. -
9. To pemuy aanmit or wffer oo waate and to maintain t6e impro~anena at aU timo in a state of ~ood repaic and ooodition; and
to do o~ permit to be .toee to said premi~q not6iag that wip atte~ or c6aog~e t6e use aad cbaracter of aid Pioperty or ~n sar w~r impais or
v~estw the securiq of said mongsge. ln cax of c6e refwal~ aeglccc or iaabilit~ of c6e Moctgagor to tepair and maiatain ~aid Proptrtp, t6e
Moapgee anay. u ib opfioo. make sach repain or cawe the sune to be made aad ad~aace monia in t6at be6atE w6icb wms shall be secured
b~• tae Gea benoE aod bear iate~at st tbe rate of agbt per eeat (i%) per aunum.
10. To dclircr t6e abtrsct or ab~tracb ol title oo~erins tbt mortgsaed propert~r to Mortgagee or its desiQnated agwt. ~~hicA shall at
all tima„ during tbe life of this mort~a~e, naaain in tLe popasiun ot tLe Mo~tgagee and in r~eut of t6e forecbsure of this nartgage or aher
~ransier of titk. all rigbt~ titk and ioterat of the Mort~azor in sad to aar suc6 abstrsct or abstnas of titk s6aU paaa to ebe purc6aser oc
grantee.
11. T6at oo wai~c~ of m! wrenant 6ecein or io t6e obli~ation secured 6ereby ~6a11 at ao~ tiaoe 6enalte~ be 6eld [o bt a a~u~er of
any of tbe ot6er terms ~creof or of tLe oote securcd 4ereb~.
12. 'T6at in o~der eo aocelente cbe macu~iq of c6e indebcednea. Lueby seeured because of ~be faitur~e of ~6e Mongago~ ~o par aaT wc
assewnea~ liabiliry. ob4gatiae or eocurabranct upoo said Propert~ ~u 6ereia pw~ided, it s6a11 aot be aeceasary oor requisite that t6e Morega~ee
shall fint pa~ t6e same.
13. T6at if t6e Mo~a~or s6s11 fail. neQkct o~ refa~e for a period of tlurtr (30) dars fully and prompcly to pay c6e amouats re-
quired to 6e paid by tbe nae ?erebr secured or the ince~ac c6erein .peciSed or aay of ~e su~a. of maaer haein referred co or 6eceb~ ~
, cured, or ut6erwise du17. ~~b ~ P~~7 ro P~~~~. ~I~~ oompl with and abide by eac6, r.e~ or .nr of che oo.manrs, oood~~ioo.
or stipulations of this moct~aee. tLe prom~ory oote bereb~ saured an~or tbe aonsuuccion baa a~eement, if aay. tbeq aod 'u? atLer or ia
anr of wcb erend~ rntbout notia or demand, the said aggre~aa wm meoaooed in said promi~.on aae. las previous pannena~ if any~ and
any aad all w~m men~ioned 6ecein oc saured 6enby s6a11 beaome due and payable forc6.ri~6 or cLereaker at the aonUnuiog opbou oi t~e
Mortta~ee as fuUy. aod oompktdy s~ if said a~regare uum were oriainallp stipulated to be paid at suc6 time, an~t6ing io said Pranisorp
note or heain to tbe oontnp mtwit6standing, and the Mongagee s6a11 be eaatled t6creupon or tlereaker wit6out aotiee or demaad to in-
soicute aut ac la.v or meq
~ut~ to euforce t6e ris6u of the Mongagee bemmder or under uid pmmirmr~ not~ In t6e e.ent of s~r ddauh
or breac6 ao tbe part of tbe Mort~or 6ernmder or uoder aid ptomisaory not~ tLe Mortgaace shall 6a~e tbe oonaaui
parment of all sums aecured hereb~ b~ sttiao u lsw or b~ smt ineq
mtp oo foreclae chis
mortgige. ad~ or both. rnoc~rnaty or aberwisti
and oot action or s~ut s~ll na abate or be a bu to or wai~er of tbe Mwtgagee's rigbt to imtitute or maiatain t6e otlier, proridcd said Mort-
gagee aball 6a~e mlr one payment and awfattio~ of said ind~tedna~.
14. T6at in the t+mt t6at Mo~a~or s6a11 (1) ooa~eot to tbe sppointmeat of a recti~er~ trwtee or liquidator of dl oc a subitantiat
inabilif co at~eb; or (2) be ad ndiaud a baul~ropt or iwot~eay or 8k a~oluattrr paitioo in bsakruPtq'. or admit in wridns is
t7 D~7 tb d~bh a~ tk7 ba+ome ~u~ or (3) malce a~eneral api~nment tor tLe bcnefit of creditas, or fik a petition or amwer
seekine reorQaaiutio4 sr arrangement wit6 erediton, or to take adranta~e of anr imol~mcp Iaw~ or (S) fik an aaswer admitting t~e nu.
terid allegetiom of a petitioo 81ed a~ai~c tbe Mor~s~oc in any bantn,pa~, reorganisation or inaheocp Proeeedin& or (f) se6on s6a11 be
takm b~ t~e Mat~a~or !or the purpae of effectios any of tbe foregoin~ or (7) aar order. j~d~oent or darte s6a11 be rntered upon so
of all~ o~
rpa s fubstan6al~r or ~gagor br a oourt oE oorapetent jucisdection aPPr~prias a p~tidoo seekins sppoinunmt of a retei~er or tr~stee
Put Mort~+~o~'s as~ets and suc6 order, jad~nent or darec sLall ooatinue unua~ed and ia eHca foc an~ period of
thirt7 (30) aop~ecuti~e ds~ t6e Mortgagce ma~ d~clare tbe note 6ereb~ acvad forthwitb doe and patabl~ wbe~eupou tbe priocipa! of aad
~be interat socroed ao tbe note and all aher smns 6ereb~ secared sbsll beooo~e for~wit6 due aod pa~abk a~ if ill of ~he uid sums of monef
~?ere orianall stipulucd to be paid on sntb day; and t6creupon tbe Moct~a~ct wit6out aotia or demand ros~ pe~o~ecnte a suit at law and/or
in equitT as i~all monia ~acnred 6t~+eb~ 6td muured ptior to its Im~tmioo.
1f. ~at tbe Mortgtgee or anj penon autboeiud by t~e Mortaa~te aball La~e tLe rig~t to eater apon and inspect t6e moctp~ed
premisea at dl ~able tima.
16. ~at any wm or suuais w6ic6 mar be baaed or ad~anoed br the Mort~agre oo tLe Mortgagoe u anr time witAin ten (10) yan
fraa the date of t6is indenture, to~et6er wit6 interpt tLereoo at tbe rate aarad apoo at t6e tia~e of mc6 Iwn or ad~:nc~, s6a1! be eqwllr sr
cund with and 6a~e tbe same priorit~ a~ t6e ori~nal iadebtednea aad be ~ubject to all t6e tcrms and pro~isiom of t6is mortsa~e: Pm~ided~
rhat tLe a~te amount of principal owscandins at anr time r6a11 not e~ceed an amoant equal to oae 6nodrcd and fift~ per cent (IS096) of
che prioci~l amount ori`inally ~ecured 6srebr
17. T6ay it roqaired b~ Mortgsscq t6e aid Mort~or will pa~ nnto t~e Mortg~eti oo the finc da~ of ae6 and e~cry ooosecuti~e
month. a wm eqnal to ooo-cwelft6 a~ t6e annnal amoont aeea~ar~ to pay all tua and asa~ooeob a~aimt tLe said mortgaged Pranisa, wd
mouthly sum to be estimated sokly b~ Mo~tgagee and ukulated to be ao amoune aot la~ tbm tbe amoant of tua a~es~ed agaimt iaid mort-
gaged praai~es for t6e pre~iout y~ear. aod if furt6er reqmrad by Mortgaaee to pa~ Rll iasnranee ptemi~ms in manner and form as prorided ,
herein for tDe pa~ment of. taus and asesmea~,
I!. T6u in t6e t~ent tLe ban whicb tLismoet~a~c is p~ea to acure b made for tLs pa of fiaanrine adKr t6e ooourucarao
of uew buildiop or tbe eo~mtrnctioo of imp~eaicnb aad/or additioas ~o easti bmldi
ezprasl~ agras to depait wit6 t6e Mort~ or Its dai ated a ~~~p~, if rcqmred bJ tbe MortgasEe.
of t6e loan and t6e totat auow at determined 6 the~ ~°t an ao~ount of mont~ sqwl to tbe difhnoee betwem tbe net prooeedr
ti 7 Mort~e~ rtiqm red oo lnty ~ompka ~aid Qoo~rndioe in aooordance w;t6 tbe pl.m
and spaifiutiom 6eretofore su6micted b~ the Mort~r and a~pp rond by t6e Mo~tp~ee. Said amoant of moue~ sball be placcd b~ tLe
MO[t~gC! l0 i°I~OSM tl1 PI+OtlM A~OOpYp(~ ID tb! OitOt Of tbt MOCega~nr~ and t4e ~ame r6a11 be ased bp tbe Mortp~ee to par t6e c+wtr~
c6a~a and ezpea~es ioeurrcd in oooaecBoo with said oomtroedoo pnor oo dii4urpns oE this Iwn. It t~ fartLa a~eed t6u in the e~ent
said ooostn~aion is aot fnly oaaplaed on or b~ore tbe d~te shced in tbe Comtroction Loan~ or in the e~rnt t6u tbc work an
said oonstroetioo shali a~u bdore fntl cam~letioa aod socL ceraooo s6a11 eo~nue for s period o~ tm (f0) da or-if ~obstaatial ooodnauaa
peo~ea shall not 6e made ia s~e6 oomtrnwoq t6ca ~nd is ~n~ sueti e~ent t~e aid asgre;ate sum. prinripal ao~ inteces~ mmtio~ed in said
promiaar~ note, ~nd all moaia ~ecured 6ersb~~ s6a11 6eoome dne and pqsble foct6Fri:h or tbeaaker, u t6e option of ~aid
tbe eseat of tucL awtion of wosk u ~aid oomtructioo for a period of ten (10) da~s„ or if subtaacial oontiaown
made in sucti ooastructioq a aforaai~t6e Mortp~ee mq ~t ib option eoar into and a t6e mort P~ ~hall not be
P~ 8+6~ P~emisa and oomplae said oon-
~troctiao iu wc6 msnoer ar it derms ad~issble witbout m~ lintttfertnce from tbe Mort~a,~o~; tLe said Mortsa~us berebl ii~iDi aod F~Di
eo t6e Mortpgee lull power and aat6oae~ to make socL e~ inoo ~nd nPou ~aid morc~ed Pr~i~a. co mter iMO suc6 aoocraas or u-
nntemena d m.ar be nae.wanr eo aomplae said oomcrua;oay and m a~pmd an~ mooia nmaioiog in aid 'Z.oao~ jn Frocas Aoooan~t' aod
in additioo an~ s~s of moutf nec~sr7 to oompkte aid eo~oction; and ~nt and all monia ~pended b~ tbe Mortgagee in c~oane~tou
wit6 sacL oompktion ot ooo~trnctioo ~a esons of tbe aionia in uid "I.oarn in proas Aoaount" sball be ~ddtd to tre said prindpal de6t and
te
~bali d~aw interrat at tbe nte pro~ided in said promiao~ ~hal1 be securcd b tLi~ mortsa~t. and ~6a11 be pa~abk b~ tre Mortp~
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