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S. 1tiu ia t?e e•enc of a suic bein~ iaatuted ~o foralae tsis ~nor~a~ tse Mor~asee ~6a11 bs eua~led co spplp u any ome dun'o~
sucs fo~abwre iuit to tbe coun ha.iaR jurisdictioa t6t~e
qf fo~ tbe sppoiocmeac of ~ rccei.e~ of all aad sia~ulu the monsased pt~opcn~r. ~od
of all rena. iaoome~, pmfit~ awa aod cevcaua t6e~sof, from w~saaoe~e~ source de~ired; sad t6eccupou it is Screby e:praslr corenaated
and s~cced t6at tbe court sball tort6with appoiat suc6 receivcr with ehe usual poKe~s aad dutia oE n+cei~cn. in like casa; tad said ap-
pointa~eot s?all be made e~ t6e oourt as s matter of uria rir6c to t6e Mo~ssee, aud witbout nfereace to tse adequay or insdcquacp of tk
•alue of t6e prope~q? 6erebl mort~~~, or to the sol~cae? o~ in~olvcacq of tbe Monj~or u anr ot6e~ pa~q defeadaat to suc6 wit. 'I~e
Mo~~a~or 6enb ~pecificallY waira c6e ri~st ~s objeet to tbe appoiadoeat of a nrcivec as aforaaid aod hc~ebr c:p~asly owaeab that we?
~ppoinaacnt shal~ De made u ao admiaed equiqr and as a muter of abwluce ~~ht co che Mo~stee aad tsat the same mar be done wit6out
oaice co c6c Moct~.
6. T6at IE any proceedia~s ~uuld be 9ostituted asainu t6e propetcy oo~ered by thi~ mo~e upou an~ ot6e~ Gen or claim whet?ec
superior or juniw to the Gen of tAis moctQc: t6e Mo~c~ates may at its optioa imrnediatelr upoa iouitution o sut~ suit o~ durias tbe pead-
encp t6e~cof dalue t6is mort~a~e and the iu~ebtedness ucured he~eb~ due aad payaple foetbwit6 aud ma~ at it~ optioo procetd ~o tocaiac
t6is mottpaa -
7. To pay dl aad sia~ulu the oo~ fea, c6a~a aad upeosa of e~eq tiod. tndudin~ the aou of an abstract of title to said tand~
tound to be couvenieot or e:pcdicat in conneccion wi~.anr suit for ~be foraiosure of tbis mo~c~a~ and also includin~ w6ether t6e Mo+tsa~ee
is o6li~ated to pal~ ~ame o~ aot. reasooable attocaeY's fea i~rred or e:peaded at any time by the Morc~~ee baawe of tLe failure of t6e
Mort~agot tope ~fo~, camply wi~b and abide br all or aay of c~e rnrmaaa, ~oadiaoas and ~tipulatioas of nid promisory note, or tAia
~nort~a~ ia t6e forcclwure of tLis mo~e and ia oollectias t6e amouat ~ceured 6ueb~ wit6 0~ witbo~ le=al proeeedioA and to cdm'
bune tbc Mort~a~e~e for evcry pa~meat made or iacu~~ed for aay such ~u~poae with iaterat fram date of e~eq such pa~noent st the nte of
atbt pec eeot (i'Jri) pe~ anuwu; sucb pay~oeoq and oblisatiom, wit6 ~oterat thcrem ~s afocesaid, shall be ~aund by tLe 4m dcnof.
To t the buildia~ cr buttdiap now or 6ereafte~ oa uid land insured a~aiwt los~ or da~aase br 8re. eumdcd oo•ers~e aod
ot6er pedla, iael~ wu ~ist tnsuraace iE a~ail~bl~ io a~wn not less thaa thar full imurable ~alue u t6e cost and e:pensc of tLe Mort-
gaac?r in a oanpaor o~ oanpania appro~ed br t6e Mortgagee. tbe poliep or polida to be 6eld bY the Moetgaace, aad such policp or pol~a ~
iasuraace a6a11 Aa~t af~:ed tAereto a Standa~d New York Mortgaact Clausq ~natiag all loas ot lossa uader sucb policp or paUcies paY
t6e Mongaace as ia interat mar ~ppear~ aad e~ dcG~e~ uid poliep or policia to ~he Mortssgee whm iuucd with t6e recapes fo~ t!e pa7-
meat of the p~emium thercfor; aad io tbe eveat an~ sum of moncp becana payable uada sue6 polic~ or policiea„ the Mo~tgagee s6a11 ha~e
t6e option ro ccceire and spply t6e same on aooouot of t6e indebtedna~ secured 6creb) or to pernut t6e Mortgagor to reecive and ux iy o~ any
part tAereof, for at6e~ purposes. Ritbut t6treby waivina or im~airiag aa~ cqYitr. lien or right under or by rirtue of t6is mortgsge; and
the Mortgaaee if it dtems atcessary mar lace aod pay to~ s~x6 ~asuraoce. o~ ,~r wn t6enwf~ witbout laing. wai~ioa o~ affatiog Mort-
aee
Qagee's option w foreclwe for b~euh of ' oovmany or aa~ ~part t6ereof. or any ngbt or option uade~ t6is mortgsse, and everyr sucb pa7-
mrnt shall bear intcrat from date t6eceof uatil paid at t6e nte of tig6t per ceat (!96) pe~ annum? and aU ~uc6 W3~menb witb interaR at
aforesaid sball be securcd bY the liea hereof. Ia tLe e~enc ao~ loss or damage is suHered MoKgagor s6a11 ootif~ Morta~ec of sueb loa or
damage wittua forty-eigbt (~i) 6oua afte~ tbe Aappeaing thereof; the lailure to gi~e suc6 ootice s6a11 comtitute a defauh aad t6e Mo~a-
gee shatl 6ave tbe rigLa 6erein girea for ap defaulb.
9. To permiti cum~uic or wffer oo waste aad to maiatain the impro~anenn at all tima iu a state of ~ood repair and ooadition; and
ro do o~ permit to be done to said premises notLiag tLat will after oc c6aoge t6e wt and t6ancter of uid property or ia anr wa~ impait or
weaten t6t securicr of uid mortgage. In eax of tLe refusal, neglcct or inabi4tr of t6e Moctg~or to repair aad maintain said propertr. the
Mon~agee mar. at ia opcioo. make sueh repain o~ cawe eLe same to be m:de aad ad~ance monia in chat beAalf w6ic6 w~m ahall be sccurcd
by t6e lirn hercof and bear intecat at t6e nte of as6t per cent (i96) per aonum.
10. To dcli~er the abtract or aburacd of dde oo~ering tbe moctgascd propert~ to Moctgagce o~ its daignated agent. ~sLic6 sLall at
all timcs. Juring tbe life of this mo~a~c, remain in the po~sesswa of t6e Moctaagee u?d in e~eat of che foralosure of this mortgage or a6er
tnmfer of titlG all rig6y title aad iatecat of t6e Mortsa~or In and to anr sucL a6stnct or abscracb of otle s6a11 pa~s to the purchaser or
gnntce.
11. Thu uo vrai~er of any ou~enant herein or in t~e obli~uion accared hereb~ sball at an~ time Lereafter be 6eld to be a~sai~er ol
any of ~6e o~6er cerms bereof or of the oote secured herebT-
12. That in ocder to aocelerate tLe maturity of tbe indebcedna. 6enbr secured because ot ~Le failure of ~6e Morega~or ~o par u+r ~
assesxnrnt, 6abiliq. obUgation or eocumbraace oPon s~id propert~ as 6eran pro~ided. it s6~11 not be nccessarr aor requisite t6at t6e Mortgs~ee
shalt Snt ps~ t6e wne.
13. T6u if tLe Morcga~or s6a11 lail. ~lect or refwe ior a period of thirt' (30) daps fully aad Promptlr to Wp t6e amounb re-
qui~ed w be paid br tbe nae 6ereby securcd or tbe interat t6erein spaified or anr of t6e snms of money hecein rekrred to or 6et+eD~ ~
cuced, or othecwise dW~. full~ and prom~tlr to perfonn. ezccut~ aomP~l' wit` and abide br eacb. e~eqr or an~ of the oo~eoanb. cooditiooa
' or s6pulations of this matsa6e. tLe prom~ssorY nae 6enb~ sacured and/or t~e aon~tnxtioo ban agreemeny if aor. then. and in eitber or in
my of suc6 ermb, witLout notice or da~ad. t6e »id s~gregate sum mcationed in said promiswq nae. las pre~ious parmena. if aoy. and
an~ aad all sums mentioncd hecdn or securcd bereb~ shall bernme due and parable fortLwitb or tLeraker at t6e oontinuingopt~m of t1e
Morc~a~cce as futl~ and oompkeely as if said a~regace sums were originally~ stipulued to be paid ac soc6 6mG mrt~iog in said
e
note or 6ereia to tbe mntnr~ notwitMtmdin~ and the Moctgagee shall be mtitled thereupon or t6erafter without aotice or demapod~
stimte wit at lars or ineq
uitr to eaforce t6e ri~bn of t6e Moctgag!e 6ereunder or uoder said promissoq nota In the e~ent of aa~ defaWt
I~ or breach oo t6e part ot tLe MoiR~or here~uder or under ~aid promisaorp notq tLe Mortgagee s6a11 ha~e I~! CD11[IUWOg opcion to enforce
pa~mrnt of all sums saured 6ereb~ b~ atdoo u law or br sait in ~q~r to foreclae this mortgage. either or boc6. aoocurreotl~ or otberwise.
and ooe aaian or suic shall na abatc or be s bu to or waiver of the Mortgagce's ri~6t to iasaitua or maintain [6e otber. pro~ided said Mort-
ea~ee iLall ha~e onlr one paymeac and satisftetion oE ~aid indebtednas.
14. 'Ibat in tLe enmt that Mortp~or sLall (1) ooment to t6e appointmeDt of a recei~er~ trvuee or liqwdator of all or a subtsnti~l
~art of Mortpsoe'~ arces. or (2) be td'udicated a banktupt ~ insol~ent, or 81e a~olunar~ paition_in bankruptc~. or admit in wri6n~ tu
iwbiUq m ps~ tts debtr d the~ beoome ~~e, or (f) make s~menl a~ipment for t6e beneFit of crediton, or fiEs a petitioo or amwa
nekin~ reorQaaisatioo or arraa~ement witL crediton. or to take ad~antage of anr imol~mc~ law~ or (S) ~ile an answer admittin~ tbe ma-
terial dle~ations of a paicion filed a~aimt the Mortaa~ in anr bankrupcct. taorganisation or insol~eacp proccedio& or (6) aaion s6a11 be
taken b~ tLe Mort~aaor for t6e purpo~e of effatin~ any of t6e fore~oin& or (7) ac~ ocdu. jud~nent or dacce s6a11 be rntered upon an
applicuion of a cnditor or Mo~tgagor by a eourt of oompetent jurisdicaon approrinS s P~~ ~b~8 appointmeac of a rccei~er or trunee
of all or a sa6stantid part of tLe Mortea~o~s as~ea and such order~ judgment or daree sLall oootinue unstaJed and in effea for an~ period of
po
t6;mr (30) oomctuti~e da~ t6e Mortgagce may dalare t6e ootc 6erebr secured fort6witL due and pa~able, w6ercupoo the rioeipal of sod
tbe interat aarned oo tbe note and aq aber sums 6enbr secund s6s11 beaome fo~t6wic6 due and pa~able as if all of che sai sums of monr~
.~erc ori~naly stipulated to be paid on suc6 dar; and tLerenpon the blort~a~ee wit6out uotiee or demand ma~ p~wecute a suit at law and/or
in cquit~ a if sll mooia sauetid 6ereb~ 6ad macnred prior co ~u imtia~tion- _
tS. T6at tLe Moct~agce or aay penon aatboriscd b~ t6e Mortjs~ce ~hall 6a~e tbe rig6t to mcer upon and impoa tbe mort~ed
premisa at ~11 rea~onable times.
16. Tbat anr wm or suu» wbich mar be Iwned or adranad by the Mortsa~ee ro the Mort~a~or at aa~ time RitLiu tm (10) ~ean
from the date of t6is indenture~ to~etLer w[tb iuterac tLer~on u tbe rue a~rad upon at tbe time of nx6 losa or ad~ance. s6a11 be eqnall~ ~t-
cnred wich aud 6a~e the same priont7 as cLe ori~inal indebtednea aad be sab~at to all t6e ter~ and proTesions of this mortsase: Pm~ided.
tbat tLe ~~att amoont of priacipa) outsunding u any time s6al1 not e~cccd an amonnt cqual to one buadred and fift~ per tent (IS096) of
the priotipal amount ori~aall~ eecared haeby.
17. T6sti if required by Morf~ee. tbe said Mortp~or will pa~ moo t!e Mort~ on tbe Snt da~ of acb and e~ery ~~ec~ti~e
month. a wm 1 to onc-cwclft6 0~ tbe ananal amount naawr~ ~o par all taus aad asasmeub agaimt the uid rmrtgaged Premisa. ~aid
moothly sum to~eaimaad solcy br Mongagee and eakutued m be an amounc noc la. tLan ~he amou~ of eua asessed against said mort-
ga~ed Preoises for tbe prerions y-ear. and if fnrt6er required bJ Mortgaaee to pa~ all insaraace premiums in manner and fono a~ pro~ided
hercin for tre pa~meat of. tazes aod a~a~menb.
IR Tbat io tbe e~mt tbe lo~n w6ieh tLi~ mortp~e ir p~ea to ~ecnrt is made for the pnrpo~e~~finaneins attitr the oomtruaioa
of oew buildinp or t6e oomtruction of impro~emenn sod/or additioos ~o eri~tin~ baiWinp. tLe Mo . if reqoired 67r tbe Mo~
e:prwy a~ea to deposit wit6 t6e Mortgagee or its daipated agent aa amount of mooey equal to tLe difkrwce betweeo tbe net P~
of t6e loan and tbe toal amoun~ as determined b~ t6e Llon~asce. reqaired e~ fall~ oompkee aid coostnicdon in accord~nce wit6 t6e plam
and spaificatiaas 6eretofore submictcd b~ t6e Mo~tga~cr aod appru~ed b~ tLe Mottp~ Said amount of mooef ~6a11 be placed b~ tbe
MortQa~ee in a"Loaas in Pr~oau AooouoP ia c6e aame of tLe Mortga~or~ aod tbe ~ame shall be wed b~ tbe Mortga~ee to pa7 cbe eow.
cbsr~es and espen~a incnrred in oonneetloo with uid ooortcoetiN pnor eo diibuirios oE t6a ban. It is fuct6er agreed tbat in tbe e~mt
n
said ooonn~ctioo is not fullr oompleced o0 or before t6e date wced in t6e Coatcuccion Loan A~re~nent or io tLe e~enc t6at tLe wort on
said oonscruc~ion ~hall «ase bcforo fnll oomplaion and ~nch cea~ation s6a11 co~nue for a period of ten (10) da o~ -if saMcaatial oontinnoa~
~h
prosras s6a11 not be made ia soch oomtrucaon, t6eo aod in ~n~ suc6 e~ent tbe aid a~egate smn, prindpal interest. mention~d in ~afd
peem~~oq ooee~ and all monia ~eeured 6ereb~. s6a11 beaome due and Ps~able fott6r~it6 or t6eresfter, at t6e optioo of said MmtB=see: aad in
t6e e~eat of soeb oeMation o! work upoo uid oomtructiaa fer • period of un (10) d~~ or if ~nbtaasial oootin~w~n proZ*es ~6a11 not be
made in ~oc6 eomtruwon. as aforaaid. tbe Moet~asee mq a ib opdao eocer inco and apou c6e mo~ premi~a aad oomplete said eow
~troaioo io wicL msoaer as it deara ad~isable withont ~u~ interferenee from tre l~orep~: tbe uid r[sa~or berebl li~i ~ Q~ai
eo tbe Mortia~ce fnll power and ant6oritr eo make sncb mtrf inoo and npoo uid mortpsed P*anisa. to eacer into wc6 ooatraas or u-
ran~eincoa a ma~ be neoa~arr to oompkte said ooo~tn~ctioo. and m apend an~ mooie ranaioing io said "Loans io Praas Aao~ount" and
iu addit:oo aa~ soms of mooe~ oaYaar~ to oomplete aid ooo~troctioo; and anT aud dl monia espended br tbe Mort~aaee in oooneedon
wit6 socb oompletion of oonstructioo in esoes of t6e moaia io said "I.aam in Proas Aooount" ~6a11 be added oo tbe uid priocipal debt aod
s6a11 dnw intecat at tbe rate prorided ia ssid peomiaor~ notti aod ~6sll be secured b~' tLi~ mo*tpi~. a~d ~6a11 be pqabk b~ tLe Mortsa~or
~ ~m.~. g~K16~ ~.~26~0