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t. Thu is tbe cveoc ot a suic beiu~ in~tituted eo loralas thi~ ~oo~a~ t?e Me~~~ee dsll M eutitted co appyr u sup time dunn~
sucb forcclosun suit w the cou-t davins ~orisdietion tserc~f !or tbe appoincment ot ~ receira of all aad sie~ulu t6e wortsa~td ptope~ty. sod
oE all ~eaq, iooomes, profit~. issues aad ~eaua t?e~wf. Ema R6aaoe~er wurce derired; aod t6e~eupon it L~cebr e:pnssy ooveaaated
and a~ned t6at tbe court s~ait ton6wit~ sppoiat sucA nreive~ wit6 tbe usual paKas utd duaa of taeirtn. in like easa; aad said ap~
paanneat s6a1t be made b~ t6e ccu~t at a matte~ ot ~trict rirht eo t6e Mo ;s~t~, aad witbout tefe~euce eo tbe adcquaep or inadeawcy oE tre
'value oi the propaq ~t~d~ mocc~aged, or ~o t6e wl+eaer oc ia~otveacy of~~~t ,Mon~s~u u• an~ otscs pa~ defeadaat to suc~ wit. TT~tt
Mort~a~r ~ereb iptcific ly waira t~e ri~6t to objeet to t6e appoiadneat of a ntcire~ as afo~ewid and Aeteby eYp~aai~ oot~seaN tbat wc~
•ppOlOdllMt tI1ll~b! IOidt af tp idUllltt~ CQLLI~ iAd as a mane~ of ab~oluce ri~t to tAe Mo~tsa~ee and that tbe same mar be doae witbow
notia to the ltiatsa~
c. TAu iE ayr p~+oeeed;o~s s6oald be inuirueed apimc cbe Propenr oo•ercd br ~L;s mortss~e upon sn ot6er 6en or claim w6et~
~uperior o~ jnaior ~o the lien of thi~ mor~s~e, t6e Moctta~ee mar u id option iaunedistcly upoa inuituaoo o~sucs suit ot du~ias t1e pead-
ency cbe~coE dalue ~his mwrcp~e and cSe iodebted~ss aeured 6aeb~ dus aod payable fortLwu6 and ma at its o ~e
tb;s mott,pse, f Pt~ Pcocerd eo tororlat
t. To psr all aad siogulu cQe oodqM fea. c6ar~s aad upane~ of e~en tiod. ~dudiog the cat of an abstnct of tick co said land~
fouad to be ooarenitat ot e:peditat ia tonnatioo with.aur swt fo~ t6e fotalwure of this mo~age~ aad al~o iacludia~, w`ether tLc Mo~t~s~ee
is obli~ated to par same ot no4 nasooable aaoraeyy !ea iacurnd or e:peoded at an~ time bf the Moctsa~e becawe of tLe hilurc of t6e
Mort~a~or to pe~form, comply witl and abide by sll or any of t6s co~eoanb. oooditioo~ and ~tipuluioro of stid promirocy aotq or this
mort~s~ese, ip tbe [cncWsurc of chis mo~tpge aad in coltectiat the araouat aec~red 6erebr wicb or witbout k~al proccediag„ and to nim.
burse the 1?fort~~et for evc~ pa~roeut ~uade o~ iocu~red for aa~ suc6 ~urpqe witL intc~at traa date of e~cry suc~ pa~noeat at tbe rate of
«tRt per «at (i ) pe~ aauum; sucb parmenes and oblitatioo~ with wterat ther~on as aforesald. s6aii ee ~eeurcd by tbe Gen bc~cof.
t. 1b teep tbe buildia~ ot baildiop now or 6eroafter oo ~aid lu?d inwred a~ain~t ba or dama`e b~ 8cc, e:teaded ow?eragr aod
aher perib, ineludiat war risk insunnce if arailablc, in a~wn ~aot less t6an their full iosutr.ble ~alue at tLe oo~t and e:peme of the Mat-
gago~ ia a cwnpan~ or oaapauies appro~cd br t6e Mortgagee, t6e polic~ or polida to be beld by tbe b~ and suc\ policp o~ policia of
insuraace sbdl Aa~e afC:ed t6cnto s Staadard New Yo~ic Moctgaace Claus~ makiag a!1 bu o~ loaxs under s policy or a a ble eo
the Mortgasce as iq iaterat toay appea~~ and to deli~er said polie~ or policia to tAe Mortgagee r~Len is~ucd with tbe rece'i~pa forp tb paT-
mcat of tAe premiwn t4erefor; aad ia tAe e~eat say som ot monc becoma parabte under suc6 policr or polida, t6e Moa6agce sh:l1 6a~e
[he optioA to raceiTe snd sppy tbe same an ac~ouat of t6e ind~w securcd bereby or to permit tbe Moagago~ to recei~c and use iy oc aay
part t6eraof~ for ot6er purposes, vvitbut thenby wai~iag ot impairia~ an~ cquity. lien ot ng6t uadec or br ti~tue of this mortgage; and
tAe Mo~tgs,~e if it dceaK occcssary may p~~,ce ,aa wr t,r ,~a, iasursac~ or aay part tberoof, tiit6out losing, wai~ina or affatiing Mort-
gagce • opti~ ta foteclose tor breuh of t6i~ ooreaaoy or aay 'part tbercof. or aar ng6t or opcion uader tLis matgaae~ and e~rery suc6 par-
meot shall bear intenst f~om datc t6creof uatil paid at t6e nte of eig~t per oeet (t9(r) pcr annurq and all ~~eh pa3~ncnd wi[6 pnterert a~
aforaaid s6a11 be securcd b~ the liea 6ereof. In the s~ent any loss or dam~e ts suffered Mortgagot s6W notifr Monaa~ee of we6 loa or
dunage wit~in fortrtig6t (4i) boun afte~ tbe happening tLereof; t6e hilure to ~i~e suc6 ootia s6ali coo~titute • def~uh aad t6e Moraa-
gee stull La~e t6t rig6ts 6ereio givea for all defaulb.
9. To permiy eammit or ~uffer no rrs~te aad to maintain the impro~emeab at all times ia a state of ~ood repsir and aooditiou; aad
to do or~e rmit to be doae to uid premises nothing tLat Ril! stcer or chan8e che u~e wd c6anecer of said pro~ or in anr way impai~ or
weatm t6e securiqr of said a?ortgaga In cau of the refusal~ neglat or ia~bilit~ of tbe Mortgagor to repair aad maintain said propertr. tbe
Mort~a8ee map, at ia opiwq raake snch repaus or cau~e t6e ume to be made and ad~aace wouia ia that behalf whicti wrns ahall be securcd
by the lim 6ercof a4d bear interat at tLe rue of ag6t per ceat (i96) per auuum.
10. To ddi~cr the aburact or abstncts of title ao~eriog cbe mortgaged pcopecq co Mortgagee or ia dai6nued ageat, .~hich shall at
aN ame~ during rbe life of t6is mort~agq remaia ip tbe pouession of t6e Morcgagee and in e~ent of tbe forabsure of this mo~tgage or a6er
crunfcr of titl~ all rig6~ title and interest of tl~e Mortga~or in aad to anr such abstrsct or ab~traca of tide s6a11 pa~s to the pureha~ o~
~rantee.
t1. T~u no wai•e~ of sur co.enanc 6ere;n or en c6e obL'gu;oo :ecured LeKb~ ,bal! at an~ 4me Lereafter be beld to be a Rai~er oi
any oE tbe ot6er terms hereof or of t6e note secuced hereb~.
12. T6at io order oo ~ocelente t6e maturit~ of cbe indcbcednea. 6creby ~aured because of ebe fa~lorc of cbe Morcgagor co par ~r ~
assasmenti Gabilitr. obligation or encurobnace upon said prope~ a~ bereia pmrided. it ~6aq oot be naasarT nor requi~ite t6at t6e Mort~a~ee
~h:n ~int psr t6e same.
13. Tbu if t6e Mort~or sbsll fail. ne~lat or refwe for a period of c6ircy (30) daps fully aad P~PV7 ro MY ~ne n-
quired co be paid br rLe nae 4ereby .eeured or t6e inte~at t6erein sperificd or an~ of tl~e sum~ of moner berein refe~red to or 6eed?~ re-
_ curcd, or otberwi~e duir. tutt~ aad pcom~tlr to perEorm, ezecutG oomPl~ wit~ and abide br esc6. e~er~ or anr of tLe oovenanb. oooditioo~
or ~tipulations of t6is mort~agS the promu~ory oote 6ereby sawred and/or t6e ooostnxtioa baa agnement~ if anr, ~Leo. a4d in atber or io
anr of .uc6 e.rna~ wicbouc nociee or demand. t6e said agg~egate sum mentiooed in uid promis~o~ nae. las Pre~io~ Panaenta. if aa~. and
an~ and all surms mentioaed 6etein or seeured 6crcby shall beaome due aod pa~able forthwit6 or tLereaha at the oontinuingop~oo of t1e
Mortss~ce as full~ and oompktd~ as if said a~regate swro were originaliy s?ip~tated tu be paid at ~uc6 tiroG aort6ing in siid promiwoq
nae or berein to tbe oontra~ ootwetbataadia~ and the Mortgagee shall be tatitled theceupon or tbereafter witbwit ootice or demand to io-
•atute suit at lars or ineq
mtr to mforce t6e ri~hts of tbe Moctgagee hereunder or uoder uid prani:aor~ note. Ia t6e event of an~ defauh
or brcacb ao t~e put of t6e Mort~or 6ereunder or under iaid promissoq oot~ t6e Mortgagee s6al1 6a~e t6e oontinwna option to mforce
pa~meat of a sums secured bereby b~ aedao at law or by suit ineq
wcp to fomlae t6ia mort~age~ dther or botb. eoocurcenclr or a6erwise.
aod ooe actioo or wit shall oot abate or bt s bu to or wai~er of t6e Moctgagee's ri~ht to iastitute or maioain tbe otber~ prorided ~id Mort-
ga~ee ~bal] 6are oolr ooe psymmt snd »tisfsaion of iaid indebtedapa
14, 13at in tbe r?ent tbu Mo~r sball (l) oooseot to tbe appoiutment of a reca~er. tnacee or liquidator of all or a subnntial
ut of Mortsa~ol~ a~eb, or (Z) be ad caud : bantrupt or imol~e~ o~ 8!e a~oluncar~ petition in baokrup[eq~ or admic in wri6n~ ia
e
ua6iGtp es pa~ its debc~ a~ tbe~? beooa~e ~nG or (3) make a seneral a~si~eat for tbe ben~'it of ereditoc~, or file a petitioa or amwa
scekin= reo~Qaniutioo or arran~ement with credi~ocs, or to take ad~aotaee of u~y imol~mc~ law~ or (S) file sn swwcr adwi~ting t6e ma-
cerial alte~ae;oos of a pea~ion filed agai~ ~6e Mo,sgs~or in any baniw~. re~rgaaizatan or insol~encf proceedin~ or (6) action a6a11 be
akeo b~ t~e Mortgagor fot tbt purpore of effectins anY of tLe foreaoin& or (7) any order~ judjpncat or darce s6a11 be rntered upon an
a plicacioa of a ereditor or Mortgag~or b~ a court o# oompetmt !"arisdiction approvin~ a petiaon ~eekio~ appoinanen~ of a ncei~er or trustee
kio
o all o~ a su6uantiai part of t6e Mortgagor's e~ea :nd iucb order, judg~nent or dam sbsll oontinne ucsta~ed aod in effect for any period of
cLirtr (30) aomecuti~e da~„ t6e Mortgagee mar dalare t6e oote 6erebr secured fortLw:t6 dne aad pa,rable. w6ereupon tbe principal of snd
t6e interat aaracd on t6e note and ali a6er sums 6erebr secared shsii beoome fortLwitb due and Qa~sble as if all of tLe sa;d sums o! mone~
werc oriainalli stipulued to be p~id on suc6 day; aad t6ereupon the Morc~agce witbout ootice or demand mar praiecute a suit u law and/or
in equiep as if all mooia ~eeored 6ereb~ Lad cnacured prior eo its imticution.
1S. That tLe Mort~aece or an~ pe~son aatLoeised by tLe Mo~tsa~ee ~hall 6a~e t6e ri~6t to eoter upon aad iospect cbe mortpscd
premi~a at all reasonable times
I6. That sn~ svm or svms r?hicb m:r be Ioaned or ad~anad br tLe Mort~ssee to tLe Mort~a~or at anr ame wit6in tm (IO) Yan
from t6e date of thi~ indeatn~e, to~ether wic6 ioterat thereoo at tLe rate aQreed npou at t6e tirne of axL lo~n or ad~aace~ shall be eqwll~ se-
c~eed with and ha~e tbe rame priorit~ a~ t6e ori~inal iodeb~ednq~ ~nd be ~ubjat to all t6e termt and pro~iiioas of tbu mort~s~e; pro~ided.
tbu tbe a~ate amount of prinapal o~etandia~ u any emt s6a11 not e~cced an ~nouat cqutl to one 6nadred and fift~ per cmt (15096) of
t6e priocipal amo~nt ori~inall~ ~ecnred herebp.
1~. T6at, if reqnired by Mortp~ee, tbe ~aid Mortja~or will pa~ mta tLe Moresa~ee~ oo t6e 8nt d~y of ac6 aod e~try ooo~ec~tire
nsoucb. a aun~+ i eo ooc?tweltt6 of cbe ~naaal amount oeod~ar~ tu pa~ all tua ~nd aseameaa a~aidt tbe uid mortgaged Prcmiw. ~aid
monthly sum to be ea;maced solel~ by Morr~a~ee and ukutued eo be an amow~ na lew c~.n ~6e amouac of aus a•e.cd a~ainu .aid morc-
~aRd Premias for t6e pre~iow year~ and if fo~ther reqnired b~ Mortga~ce oo pq all imaraaa premivmr in maaaer a~ form as pro~ided
henin fo~ t6e pqment of. taus aod a~eameab,
1R Tbu In tbc e~ent tb~ ban wLtci~ tLb mottpp b~tres to ~eeare I~ maae for tbe oE finaadns dt6a tbe ooortruetfao _
of uew bnildiap or t6e aoo~rnaioo of Imptonmeab aod/or ~ddItiaa~ ~ dsdoE bniWlcp, t6sp 1~~ ifrequired b~ t6e Hortp~ee.
ezprealr s~ras ao depa~ir wich ~be Mar~psee or id dai ated asrat aa amount of mooq pual eo cb~ fhnoce becwem tbe net p~
of the loao aod tbe eotal ~mouat, ar determ[ned b~ ttis~Mort~~ «qdted ~a tnl(p aomp40e s~M ooa~ttuatoo in ~ooordaoee wit6 t5e plaw
~nd speeifiaeiom 6ae~ofore snbmitced b~ tAe Mo~ and appev~ed by t6e Mor~.~ 8dd ~mooat of monr~ ~all be plaad b~ ebe
Mortp~ee in a"Ioaw jn Prooer Acoount" tn tLe narae of tbe Mo~a~nnr, sod ebe ~ao~e s6a11 be wed b~ t6e Mortp~ee to pa~ t6e oow.
c6ar~a and apaosa incucred in oonnatioo wit6 uid oooKnntioo pdor ~e dirbnrdo~ of t6is {oaa. It L furt6er a~rad tb~t ia tbe ermt
said comtn~ctioo is not ful1~ uompleted on or before tbe date ~tutd in tbe CooKrn~tioo Loao A~reeraeat or ia tbe e~eat that t6e work m
said oon~tructioo ~6all cease befon fnll oom~ledoo aod s~c6 ca~tioo s6a11 oontinue tor a period o~ eea (10) da oc •if sub~tantial oootinuar
Pco~re~ s6at1 aot 6e made ia ~ue6 ooostroa~oo, t6en and in .e~ wc~ e.~ cbe .~d a~e~ace .~m; Pr;ne;Pa~ an~ incenst, ~nencioned ln said
P~+~7 and ~11 moa;a ~ecured 6:reb~~ s6d1 beoome due and ps~able fort6wic6 or ebemfur. u che option oE ~aid MoreBaBee: and lo
tbe e~mt of ~nc6 eepation of work n uid oomtructioo fot ~ period of tea (10I da~ or tf ~ub~tantial mntionow pr~res rhsll not be
made in ~ucb oa~cnxHa; a aforaai~tbe Mort~a~ee ma~ at In option ena~ inco and npon t6e m. aaed prani~ra aod eanplae »id oon-
~unetioo in sne6 maaner a~ ic deems ad.i~~bk wit6art aor ioterferente fnxn tbe Mo~or; t6e w6 rtsa~or benb7 d~t ~d i~oi
~ tbe Mortpsee full powa aad aut6orit~ ~o auke sncL eotr~ iato ind opon aiQ mortssscd pranisa, w enter imo such aootrsas or u-
na~erneab s~ ma~ be oeca~ary to oanplett ~aid ooo~aoccioq and eo a~pend sn~ mooia r«nainins in aid "Loa~ In Prxea Aooomu" and
in addition an~ sums of monep oaea~ar~ to oomplete ~aid ooo~trnction; ~ad an~ and all mooia apended b~ t6e b,tort~agre in c+oaQeetloo
wit6 iuc~ oompktioo of oonuroa;on in emss of t6e mooia in said "I,oaa in ~roces Aooo~nt" s6a11 be added b tbe uid priacipal debt and
s6s11 draw interat at t6e rue prorided ia said promiaw~ ooce~ and s6.ll be secnnd b~ tL"a mor~a~ a,d .hall6e pa~a6k 6~ ~Le Monp~.r
~`m'~~ ~~K~~9 PAGt2443
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