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s. Thst In t6e erent of a suit beins inttituted eo toteelae thi~ mott~att, the Mott~asee ~ha11 be eotitlcd oo a~ st aay time dudn~
~uch foccelauce •uit to the oourt 6avio~ jurisdicaoa the~e
~f for t6e appoiotmcnt of a~a+~er of all tod sia~ulu t6e mo~a~cd pcoperq~~ and
of all rtr?a. ioooma. profie~ issua and cermua t6ereof. f~om arhaaoe~er wurce dcri~sd; aad theceupon it b hcnby ~prasl~ co~eaanted
and a~rced that tbe coun s6a11 fo~thwit6 appoiat ~uc6 raeiver wit6 t6s wusl powen aad dutia o~ raei~ecs. in lite caus; sod ~aid sp-
pointaitat shall be made by t6e coutt as a matte~ of stritt ric6t to t6e Mort~a~cs~ and wit6out rekreoa to tbe sdequaq os inadequaty ot the
w
~alue of the propeRr benb~r mo or to the sd~eue~ or itnolv~q oI t6e Mo~~ot or ao7 other paRp dcEeadsut ~ sueh wit. 'Itie
Mort~or bereb spea~icdly wa~~a c d~bt eo objcet eo tbe appoiauaent of a raci~c~ e aforaaid aod benby upceatp ao~aeab c?u sue?
anoti~cc to t6e Mol~~~
de as an admiaed equiq and as a maacr ot ab~olua r~ht ~o tAe Mortsa=se aod tLu tbe same map be done wic6o~u
6. Thac if anr proer.dio~ ~6ould be insdtuted asaimt tbc propertr aovs~cd b~ tW~ mo~a~e upou an~r otLer 4ea or claim wbet6e~
~uperior or junior to t6e lim of this~~~ the Moct~a~se ma~ at ib option ia~mtdjattlp upon iostitution of sueb sait os dudo~ t6e peod-
encp t6ereof dalare t6ia mort~sQe and tbe indebeednas saured herebr due and p~able for~h..icL and mar ac ia opcion p~oaed ~o ioceclo~e
tbis mo~age.
7. To pay all aad ungular the costti fce~. char~a and upe~a of e~eq kind, :ndudins tbe oat of aa aDstraet of title to said land~
fouad to be oonreaieat or ezpedieat ia ooaaactioo witl.aq~ seit for the forcclauce ot thismo~a~e, and sbo includin~ wLetber t6e
is obli~ated to pa7 sa,ne o~ na. na•onable aecorne~• fca iucurred or e~cpended u any time b~ t6e Mortta`ee becawe of ehe hilure t?e
Mort~a~or to rforw, canply wicb aad abidc b~ all or aaY of c6e oo~eoana, oonditioos aud ~tipulatio+a o~ uid pranirory notq or t6is
or
mort~a~e, in t e fomloauro of t6is mo~age and in wllatia~ the amonnt ~ca~d 6ereb~ witti or witbout le~al eroo~io~. sod ~o reiu~-
bu~se t6e Mort~agce for cvcry pasmeat made or iaeurred for an~ ~uc6 ~urpae wlth intecat fiom date of erecY we6 parment u tbe nte of
eie6t per cent (l9~i) per aunum; sucb paymenq and obliptioos, ~.ith iaterat tbe~oo as aforaaid. s6a11 be secared b~ tbe 4en hereof.
t. To keep t6e buildiat or butldin~ now or Lsreafter oa said land inwroa a~ai~t toN or dama~e b~ firq ertended oo~era~e aod
other perib. includiag war rist insurance if available. io a~um ~oot las than tbd~ fui! tosurable ~alue at the oat and ezpeose of tLe Mort-
gagor ia a oanpany or rnmpania appro~cd Sy tbe Mortga~ee. t6e polic7 or policia to be held b~ tLe Mottga~ee, aod suc6 policf or polida o~
iasurance s6ai1 6ave dfizcd t6eceto a Standud ~lew York Mortgsgce Clau~e. makit~ ail lor or kmes uadu sueb polic~ or poliaes payabk ~o
the Mortgagee as its iaterat may appeu. and to deG~er said polier or polkia to the Mortgagee w6en issued wit6 the receipb for tbe ps7-
meat of tbe premium t6erefor; and in t6e evcat an~ sum of m~one~ becoma payable uader such polic~ or policia, t6e Mortgagee ~hall 6a~e
tbe option to recei~e aod appl~ tbe same ou aooount of tLe indebtcdna~ tecured 6crcby or to permit the Mortgagor to rccei~e and use iy or any
pact theroof~ for other purpoaes, Rittiout thercby waivin~ or im~airio~ an~ equitp. Uea or right undec or br ~nrtue of tLis moctga~e• and
che Mongagee if it deems necessary may place and pay for snch iosurane~ or any put thereof, aitbo~t lasia& wai~ing or affating ~loit-
gagee's opdon to foreelae for breuh of thia oovwaati or an7 ~Wrt tbereof. o~ aa~ rig6t or optioa undet tLis moKgsgr, snd e~?ery sucb pa~-
ment shall bear interat fcaa date thereof undl paid at t6e rate of eight pt~ t~t (!96) pa amuw. and all sue6 pa3inents with interat a~
aforaaid sbalf be secured by the 4m 6ueof. In tLe enmt an~ laa or damage ii suffered Mort~agoe s6aU notify Mortgs~te of nx6 loM or
damage wit6ia forts-eigbt (4E) boun aher tbt happeaiag tbeceof; tbe failu[e to gi~e sueh notice shall coosdhrte a defauh aad tbe Mortta-
gee shall hxve the righb 6ecein givm for all defauhs. ~
9. To permi~ commit or wffer no v?aste and to msintain tLe impro~aaeab at all tima in a state of ~ood repair and oooditan; and
to do or perrnit to be doae to ~aid premises notLing that will alter or change t6e use and ehatacter of wd pcoperty or in any, war impair or
weatea t6e securit~+ of uid mort~age. In we of tLe refusal. aeglect or in~bilitp of the Mo~t~o~ ~o repair and maiauin sad pcopccqr, t6e
Mort~agce map, u ib opEioo. mate soc6 repairs or cawe tbe same to be made and ad~aaoe moma in that behalE aLich aum s6a11 be saured
b~• t6e Uea hereof aad bear inte~at at tLe rue of aght per cent (i96) per annwn.
10. To deliver the sbsuact or abstrub of titie oo~ering t6e mortaaged property w Mort~a~ee or its dai~ated ageat, ~vbic6 s6a11 at
all dmes, during t6e life of this mortga~ remain in the poaesaion of tbe Moet~aQee and in e~rent of t6e foreclosure of this mortgage or aher
cramfer of title~ all rig6t~ title and interat of tbe Mort~a~or in aod to an~ snch abtraet o~ abstracb of dtle shaU pa~s to the purc6ase~ or
grantec.
it. That no vvaiver of mp ooveaant hcrein or in tLe obG~adon secured Lereb~ s6a11 at anj pme hereafcer be hdd to be a~.ai~er of ~
an~• of t6e ot6er terms hcroof or of t6e oote sauccd haeby.
12. Tlut in order to aacelerue eLe maturity of tLe indebtedaaa 6erebr saured beeause of t6e failure of tbe Mortga~or to par ao~ tu
a~saxnmt~ Gabilitr. obligation ot eacumbrance upon said propert~ as hereia pro~ided, it t6sU aot be necemar~ ~wr requisite that tbe Mo~a~ce
.hall first par che samc. ~ .
13. T6at if tbe Mortgapor s6a11 ~ail, ne~lecc or refwe tor a period of thirty (30) days fully aad p~ompdy eo pay che amouna re-
quircd to 6e paid by tLe note bereb~ secured or tbe interat tberein specified or aa~ of t6e som~ of moner I~eran referred to or Sersb~ ~e-
curcd, or ot6erai~e dul~, fully and prom~tir to perform, e~cut~ oanp1~ wit6 and abide br eaeb. e~err or ao~ of the ao~eaanb, aoadidoo~
or stipulatioas of tlus mortaag~ tLe promusory note hereb~ secured and/or tbe oomtn~e[ion ban aBrKmeny tf mr. tbeq ind in eitbcr or ia
any of sucb evrnn, wit6out aoaee or de~od. the ~aid ag~regate sum meadoned in said promiswry note. las pnvious pa~ments~ if an~. and
anr aad dl sums mrn~iaicd 6enin or sawred 6ereb~ s6a11 beaome dne aod parsble forthwitL or tLereafter at tbe ooatinuing opt~oo of tre
Mort~aace a full~ and aompktely as if said a~rcgate suma were originally sapulued to be paid at such time~ anyt6inB in said pnmiworf
note or hercin to the coatnry notwit6standin& and the Mort~~gee ahall be eatided t6erenpon~or tLereafter witbout ootice or demaad to in-
; stitute wit at lav~ or in eqnit~ to eaforce the riBhb of t6e Mortgagee 6ereunder or under said pranis~or~ aota In tbe evsat of anr defauit
; or breacb on t6e part of tLe Mort~or 6ereunder or unda ~aid pramiaor~ not~ tLe Mortgagee shall ha~e tb! OOIItllltlltl$ option co mfom
~ papment of all sums secured hereb~ br action at law or by suit iueq to foralae t6i~ aart~a~ at6er or botb~ coocnrnntlr or ahen?ise.
f and oae sction or swt shall oot abate or be s bu to or waivcr of t6e Mortgagee'~ ri~ht to iastitute or mainain t6e aheq pro~idcd aaid Mort-
j gsgee s6a11 ha~e only one psymmt and satisfsetiaa of said indebtedaar.
~ 14. T6at iu the e~ent that Mortgago r s6aU (1) aoment ~o tLe appdutmeat of a recei~er. truKee or liquidator of all or a subtantial
Put ot Mort~a~or'i a~eb, or (2) be sd'ndiated • bankrnpt or in~oheut. or 81e a~oloncsr~ pairiou in bsnkruPtc7. or admit in wrian~ id
~ inabilit~ eo ps~ it~ debts r the~ beiome ~u~ or (f) make a~eueral ari~ for tbe bent6t of u~editon. or (4) file a petition or an~wa
scekin~ reo~aaisatioo or arranQement wit6 creditor~, or to take ad~aoa~e of anr imol~ taw, or (S) file an answer admittin~ t6e ma-
terial allegations of a paitioo filed aQaiost tbe Mortga~or in any bankrupccp. reorganisatioe or ins~l~mcy praeeedin~ or (6) action sLall be
nken b~ t6e Mon~agor for tbe purpae of effatinY aa7 of t6e fore~an~ or any order. judgment or dacte s6d1 be rntered upon an
applicatioa of a ereditor or Mongagor by a court of oompeteat~uriidicdoo appem~ins a petitiao seekins aPpo~ndnenc of a reeei~er or tru~ta
of all o~ a wbstantial part of tbe MortQa~or's as~ets aod suc6 o er. jud~neat or dara s6dl oontinue ~u7cd and ia eHea for an~ period of
tAirty (30) oasecud~e days. tLe Mortgagce may dalarc t6e oote berebr ~ecured ~ortbwith dne aod pa~abl~, w6ercupon tbe principal of aod
the interat aaroed oo the note aad ali a6er swm Lereby mured s6s11 bcoome lort6witb dne and pa~abk as if all of tLe said suuy of mooef
Nere oripnalir wpulued ~o be p.id on sucL dar; and tbeteupon tbe Moct~+tee without nodce or daooand ma~ p~~aecute s~uit at law aad/or
in equi~ a if all mooia secuebd bcreb~ 3ad macured peior co its iw8cntioo.
1S. T6at t6e Mo~t~a~ee or any penoa autborised b~ e~e Mo~t~s~ee ~Dall Lm the ri~t to mter upon and inspect tbc mortp~ed
premisa at all reasooabit tima.
16. T6ac anr sum or sums w6kL may be loaned or ad.anad b~ ~Le Morc~ ~o tLe Mortsa~or at aa~ time wic6in cea (10) ~an `
from t6e dste of this iadau~re, toset6a aith interest t6eoeon at t6e rate a~rctd upon at the dme of sncb Iwn or ad~ancq s6s11 be squaU~ ~e-
cured wit6 and 6a~e the ume priority a~ the ori~iost indebtednas and be subjeet to a!1 t~e terms and pro~isioas of this mort~e; protided.
chae cbe a~re~acc amount of priacipai ountandins as an~ time s6a11 uot cmed ao amonnt equsl to oae huadred and fift~ per een~ (1S0%) of
t6e prinapal smount ori~ioall~ ~ecured 6ercbp.
~ 17. T6u. lf requircd b~ Mortgase~ ehe ~atd Monsa~ vrill pa~ naoo t`e Mort=a~ oo tbe fint dar of eac6 aad e~ery oon~cud~e
mootb, a wm equal to ooe-c..elh6 of t6e annual amount naocMap eo pa~ ail tua ~nd ara~menb a~aimt tbe said mort8=t~ Pranisa, Nid
moot6ly sum to be esdmsted wlel~ bY Mort~a~ee aad caiculatcd w be aa amwnc not IeM t6an etie awonnt of taza aseMed a~aimt ~aid mort-
B~~ Premises for tbe pce~a~n y~tar. and if furtber requind by Mortsasee to pa7 all imurana pteminma in mauner and form a~ pro~ided -
herein for tbe ps~nt of tua and a~e~meaes.
1f. lbat in t6e r?ent tbe lo~a wWc6 t~bmo~a~e b si~ea to ~aure b madc ~or t~e of fiaaaeins eitLa tbe ooo~truetioa
of oew buildinp or t6c aoastr~etioo of impro~emena aad/or additiow eo aditins buiidinp. tMp 1 oit~or. iE reqmnd br t6t Mortsa~ee.
ezpraslr a~ea to depait wit~ tbe Moct~aQee or ie daip~ated a~ent ao aia~o~mt of mooc~ eqwl 1e t6t d~fiermoe betwaa the net proceed~
of c6e loao and t6e total amount~ a daermincd b~ t6e Moctp~ requirod ~o ~nlt? ooepie~e aid coa~troetio~ io ~ooo~d~nce wit~ t6e p~aw
aed specifiapoas ticretofore submiaed b~ tbe I~to~a~ot aad a~py rond b~ tfe Noet~ape. 8~id aa~onot of mooe~ ~6a11 be plaeed br t5t
Mort=asee in a-"I.oaas in P~ooe~ Accauot" in tbe narne ot t~c MortP~or. and tie ~ase ~6sli 6t wed b~ tre 1~lorna~a ~o par t6e caws.
e~arta aod e:peoses ioeurnd ia coonection wit~ said coa~tnxtioo ~or es eE eWs 1oao. It b furt6er a~teed tbu In tbt e~ent
~aid ooMtn~eeioo ia aot fuly tanpkted o0 or befon t6~ date st~ed in c?e t,'~a~ Loaa or in ttie c?ea c6u ~e wort oa ~
said oonnruction absll uast before full oom~letioe ~ad ~uer ces~tioo s?ail aootlnne ter a period tea (10) or~if ~ub~t~nBal oootiouou~
pro~ras ~Lall oa be made ia sucb aomcrneaoo, c6eo aod ia aor soe~ e.wt tre aid ypep~e wA. p*iceipai~ i~eerest. menc;oacd in .aid
P~~f aod all moaia ~ecured hcreb~, ~batl beoaoe due sod p=~sbk iatrwiti or tLerafter u t6e option oE said Mortpcee: aod U
t~e t~ent of wer eeMacioo of work upon said ooo~trocSoe ~ot a~iod oE ees (10) dar. or if ~qotial aootinua~ p~o~re~ ~4a11 not be
made !o ~ucr oomt~uetion. ~s aforaaid. t6e Morqaja ma~ at its oqim e~er into asd upoe t!e P*e~ses and oaopkec s~id cm-
u ;
~tructiau ia wK6 oanaer a~ it deana ad~isabk wit~out aaf interfeteeee hae tis Mortp~sr: trt ~nd~y~ 6enb1 d~i ~ R~~ :
a t?e 1?fortss~se full pwet and autl~itr ~o make ~uer mRn iats ~ed apoo aid oatp~ed pnobei, to eote~ ioa ~ ooeuraas or at~ {
aa~emena a~ m~ be oeas~ary to oornpkce said ooastr~etiea. ted Is s~end ~ veaia remddn~ is afd "I.oao~ is leoea~ Aooeuat' a~d
in additioe ~e~ ~ums ot moos~ oeca~ar7~' to oo~Aplete ~afd oooaroaioo: aad n~ aed all tnoaie~ apesdtd e~ t~e Irlorts~~ce in c+o~aeedee
witr snci oosPktion of a~oo~enKtioo in escas of tbe moeia ie said "I.oan~ ia troees Acoeust" stiail be ~dd~d /s t~e said prindpal debt aaa
s6all draw tetcnst at tbe rue pro~idcd in said pnraia~or~ ooeq and ~6a11 be secneed b~ tli~ w~e. ~ad ~rail bs M~bk tre Mo~esapr
oe aes~eQ.
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