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S. Tbat in tbe e~wt of a suit bdns In~tituted eo foreelae thb mort~a~ t~t Mert~a~c ~bail bs eadtkd to appV at aoy dms du~io~
~uc6 toreclwure suit to tbe cou~t 6avia jurisdiccioo tbereOf for ehe appainaneat of a reai•er of dl sod da~ulu tAe wo~tp~sd Propecqr. snd
of all recq~ iuooma, Profiq. issues aa~ reveaua t6eroof. from ~haaocver wuece dertrcd; and tbsc~wpoo it i~ berebr e:preply ooreasated
u~d a~reed tDat t6e court s6a11 Eorthwit6 appoiat tuc4 raeivcr wit6 the wua! po~en iad dutia of reoei~crs. ia like easa; and ~sid ap-
poiaanene ~hall be aude b~ c6e oourt as a maae~ of ~ic~ ~i~he ~o tbe Mrt~a~ee. tud without refeceou ~o the adMwcs or tosdc4wr.7 oi t~e
~atue of ehe propaty ~e~~r ~or ta tbe tol~eae~ or in~ol~eac~ of t6e Monss~oe or u~ other pa~qr defeadant ~o ~uch w~it. Ttie
Mort~a~or 6ereb~ ~peeificallr wd~a t c rieLt to objeet ~ t6e appointrnent oE a recei~a as atorcuid and 6eccbp up[eptp oometib tDu wc~
appointmeat s6a1 be made as an admiaed equiqr aad at a matter oE ab~olute ri~6t to t6e Mortas;se sod cbat t6e ~ame ma,~ be done witbo~p
notice to tbe Idort~a~?~.
i. T3st if ao~ proeeedin~ should ee imtituted apimt eLe P~ope~tp oo~eced by tW~ moec~a~e upou aor ot6e~ lien oe cl~im whethee
•uperioc or jnaior eo tLe Gen of tlus t6e Mortp~ee may u ia optioa immediaaly upon imdcurion of wc6 ~uit or du~n~ t~e pend-
cncy t6ercof datare t6b mort~e and the i ebtedaas iecurcd bereb~ due snd p~abk lortLwi~6 and mq u Ib option pcoceed ~o fo~eclo~e
this mort;agt. .
7. To pay all ~ad dn lu tbe oo~t~ fea, c6;~a aad acpemq of e~erp k~ud. iacludios t6e aat of an abursct of dtle co ~aid land~
found to be aoa~enient or ~tpt !A COl1nOCtlOp ~tll.iqj~ fWt fOf tIl! fOCtCi044f! OE tLt= ~a and alw iaeludin~ wLet~ tDe Mort~a~s
ii oblipted co pa~r same or na, reawaable aaoroey's ~fea iu~.;rred or apeaded st anp v'°10me by~ Mott~ee becau~e of ehe failure of c6e
Mor[~s~oc to pe~form. canply witb aod abide b~ all or any o! tLe oo~ensen. oooditioa~ Rod ~ipulatioaa ot said pramtwoep a~ote, or t6ia
mo~s~r, ia the fonrksurc of t6b aart~a~e snd Ia collatin~ tbe amouot tecured beteb7 wit6 ~ wit6out k~d proeeedinp, and to ain1.
bune tbe Moctgagee for erery papmeat made or iatuaed tor aoy sucA ~urpae wit6 intaat ftom date of eveqr weh pqmeat st t6e rate of
u~~ P~ ~(=9fr) Pcr annum; sucl~ paymenu and obiiRaaiow, wit6 mterat t6ec+eoa a~ afo:aaid. sball be iawnd br tbe lien ber~of.
t. To kcep the buildias oe bnt{dinp now or he~e~fter ao said la4d inwred ~ ba or d+ma~e br 8rr, erteaded oo~crase aod
aber perib, ineludias wu ris4 tnwranee if a~ailable. in a~nm boc las tban their tu 1 i~urable ~alue at t6e oou aod ~peme of t6e Mort-
gagor m a oanpany or oompania appro~cd br t6e Mortga~ee, tbe poliep or polida to 6e 6eld br the Mo~ee, and s~ poticr or policia of
insuraoce s6a11 6are affim) tAereto : Sqndard New York Mottga~ee Clau~e, makius all lo~ or loaes umdu suck or policia payable eo
tht Morfgagee as ib iaterat ma a ~
7 PP~u. aad eo deli~cc said polic~ oc polides to the Mort~ee w6en issued th the raapts f~ tLepa
y-
meut of t6e praaium thenfor; and ia tbe ermt an~ sum of ae~ beooma pa~able unda a~
tbe optioa to nca~re snd appl~ the same on ~ocount of t6e ind
btedna~ secured i~ereb p°!'h' or policiar tbe Mortsa~ee ~6a11 bave
Y or to permit t6e blortga~uur to reeei~e aod use iy or aq~
paK t6ereof. for other purposea, rsityont c~eceby waiviog or im~?airia~ au~ equiq, tien er ri~c uader or br ~im~e of this eoort~e• sod
t6e 1Nortga~ee if it deem~s aeeea~ary mar p1aa snd pay for weh ,osuraaee. or aar pcrt t6ereo • wicbout {otin~. waivia~ or affecting ~Noet-
gagce'~ opdon tn foreelo~e for breacb of this oo~many or aay part thereof. or anr n~6c ot op~ onan ~.~n •„ce wr
ment ~hatl bear interat from due thcc~eof uatil paid u the nte of d~ht per smt (!96) per aunumr, and all sneh
~c ~ w3~nts ..it6 ~ntcrat as
aforcsaid a6a11 be saurcd b~ the liea heroof, Ia the ereat aay to~ or damage b ~nffered Mottp~r thall notifr Mortsa~ee of sue6 IoN or
damage withia forty-eight (4S) 6oun after the 6apteniog t6er~of; the fai[ure to gire suc6 notice sh~tl eoa~titute a defauh aad t!e Mortp-
ga shall Lare tLe rigMs hereia givto for all defauhs.
9. To permiy c+ommit or wffer no ws~te and to maintain tLe impro~ancaa at all tima iu a stue of ~ood repair and ooodition; sod
co do or permit to bc done to said premisea nothtag t6at will ahcr or cLan~e t6e u~e and charaeter of said propert~ or in mr w~,~ impait er
wcaten t6e ~ecurity of ~aid mort~a~e. In ux of tLe ret~xal. oe~lect or inabiliq of t6e Mort~agor to repair and maintain satd ywpe~tp~ the
Mort~agee may. at ia optioo. make sncU cepain or cawe tLe same to be made aod ad~ana mooia ia t6at beLalf whic6 wms shall be saured
by tbe liea heraof and bear interest ~t tLe nu of a~6t per oent (f96) per aanum.
10. To deli~er thc abuaa or abarub of title omrerin~ tbe mortgaged p~operty to Mort~s~ee or ia designatcd sgeny ~sbicb sball at
ali cimes. durin~ t6e lefe of thit mort~s~ reaoaia in tbe poaseuion of tLe Mort~agee and in evwt of t6e foralosuro of this aartgage or aher
cramfer of citle~ all ri~6y title and ;neeres~ of cbe Morc~s~or ia ~nd ~o anr sueb abcraa or abstracb of title ~6aq paes to the purcha~er or
grantee.
11. That no wai~a of an ao.eaant 6ee+e;n or in cLe obL~adon s~n,r,ed 6enb~ sball u aar dme bercafcu be 6eld w be s Rai•er oi
any of tbe ot6a tcrms hereof or o~ tLe aote ~ecured baebT,
12. T6at in order to aoalerue t6e n~atncitT of c6e indebtednen bereb~ secnred baause of tbe failure of tbe Mort~a~or eo pa~ an~ a~
a~meny liability. obligation os encwnbtance npoa uid propertp as 6erein prorided. it s6a11 not be nae~ur~ nor requisite tbat the Mort~a~ee
~6,~11 ~int p:r t6e ama
13. 13at if ~ Mortp~o~ sball fail~ ne,~lect or ref~se for a period of thicty (30) da~s fnlly aad P~PV7 ~ Wy the anwuab re-
Q~ired a be psid br ~he nae rereb~ seeured or t6e incerac tLerein ~peeificd or aa~ of c~e o~ mooey berein refared to or 6ereb~ ~e-
cured, or ot6erwise dWr. fnll~ aod P~~1 ~ P~~. ~~~y wi~L and abids br rscb, e.err or anr of cbe oo.enanea, eondiuaus
or sdpulatiow oE thi~ e4oet~s~q t1?e prorms~ory aote Laebr seturod ao~lor t6e om~tnxtion ban agreement, if an7. tLen. and in dt6er or ia
anr of suc6 e.ena, wi~bouc nai« or demand. ~e .aidag~ega
te sam mentiooed in said promi+aory note. iw prc~iout pa~rnents~ if an~. aod
w
any aad all snws meatioacd Leraa or saured Lereb~ a6a11 beoooie due and payable forthwitb or therafter at t6e oootinuing opt~on of t~e
Mortta~ee a tully and eompletdy n i! aid s~regate sums wae orisinallr stipulued to be paid at sucb time, anrt6ing In said
noce o~ 6erein to t6e aoatru~ notwit6staadin~ aod t6e MortQe~s~e stiall be entitled tbereupon or tbereafter w.t6out notice or deta nd~
sticute wit at law or ineq
m to mforoe the~~ of the Mort~agre 6ereunder or under said pro~awor~ nota In tbe rrent of au~ defauk
or breach on the part o~ t6e ~r haeuuderaot noder wd promiuor~ note~ t6e Moctgagee ahatl 6~~e t6e ooatinuiaa opcion to eafora
paymeat of aU swm ieeurn! bereb~ y actioa u law ~ b~ ~nit in~q
ntqr eo foraiae tLis moct~ag~ eit6er or bot6, ooneurnatl~ or ot~en~e~
and oae aetion or auit s6a11 na abate or be a bu to or wt~ra of tbe Mortgagee'a riqht to iastitute or maintain the other, pro?ided uid MoK-
peee s6att 6are onl~ one pa~mmt and ~faetion of aid indebtednaR
14. T6at in the e~eat t6at Mo~~or~6aU oooseat to tbe appoiatmmt of s reai~er, mstee or Uquidator of all o~ a subtantial
parc of Morep~ee'~ aretr~ or (Z) be ad udicated a b~nkrupt o~ in~ol~eot. or file a~oluncaq? P~+~ iu bankcuptc~~ or adm;t in writins 1s
inabi4t~ eo pap tb debes r tbe~ be~orne ~ue~ or (f) make a~eneral wi~meot for the beoefit of erediwn, or fik s
petition or ~~n..e~
~e~rint reorQaaiueion or wjtb creditor~ or to take ad~aots~e of aa~ in~ol~a~ law, or (S) file an amwa admittins tbe ma-
tti
tenal dkpdans oE a petitioo led a~ainat tLe Mort~a~or in ~nr bankruptet, raor~anisation or insol~eacp Proceedin` or (6j aetioa shalf be
aken b~ the Mort~or fot tbt purpae of tffectint aa~ of t6e fore~oin~ or (7) an~ order. jud~nent or deetee a6a11 be eotered upoo ao
applieatiou of a ereditor or Mon~or b~ a oourt of oompetent !'uri~diction appe+ovin~ a petition scekin~ appoionnea of • reca~er or tr~ee
of all ot a snbtantial part of t6e Mo~s~or'~ a~eb and such order, jud~aent or daea stiaU oontinne nosta~ aod ia tHea for aa~ period of
ehirtr (~0) eoaa~wd~e ds~ tLe Mortga~ee ma~ dalare c6e note bereb~ s~red ~ort6wic6 doe and pa~abi~, w6ereunpon cbe pancipai of and
~e iaterat aoerued oo etie nae and all ae6er ~wns 6ereb~ aecured s6a11 beoome forthwi~6 dne aod pqabk as if all of t6e said sum~ of aiooe~
were ori~nait stiputued oo be paid oa sucb dar; and tbeaupoo d~e Mort~ee witbout notke or demand ma~ proieeute s suit at law and/or
in equ[t~ if ~~an m00iA lECO[!d btf't~~ ~ m~ttl(!d pt~ LD ib ~O~tuti00. .
iS. T6at trt Mortp~e or aay penoa aut6orised b~ ehe Mortsasee ~6a11 !an t6e ri~t e~ eater upon and inspea ciro mortp~ed
prcrnisa tt ~il twooable timei
16. Tbat aa~ sum or rums wLicb may be loaned or ad~anad b~ tbe Mortp~ee ~o t6e Mortp~or u ao~ time wi~in ten (10) ~an
fran tbe dsts of t~ia indeature, w~etLtr witb inttrat t6ereoo u t6e rue syn~ed npon at tbe tia~e of wc6 loa4 or ad~ance~ shall be ~qusllr se-
curcd witb aod 6a~s tbe ~ams priotit~ a~ t6e wi~inal indebtednesr ~nd be sub'aet eo dl t~e teem and pro~+oe~ of t6is mortp~e: Pr~ided.
c6at ~be a~epte amo~ of princtpai ouaaadius u anr ttrae ~bal! oot ~ an amonat equal to ooe 6nndred and fiit~ per tea (IS09(.) of
t6e priadpal auouat ori~ioali~ ~ecared berebj.
T1.ti if reQuired b~ tLe said HoKp~o~ wilt p~ nn~o e?e 1+tor~p~ aa ~6e finc da~ oE each and e.err ooa~eeud.e
moat4 a tmeqoal to osc-tw~lft6
o~~aonnal smawt oeoe~ar~ 1e pa~ dl tste~ aad ara~meab apia~t the aid mo~a~cd pr~sa, sdd
mootllr swn w be aamated solelr b~~~ aod eakulued to be ~a aso~e not Ipr tban t~e aoo~et oI tarn a~ea~cd a~aiwt said soet-
Qa~ed Presi~CS tor tre p~e~rbw Tear. tod if-~uttrer reqairsd by Mort~atee to pq all i~nrana ptevium~ !n maoner aod fors r po~ided
hereia for tie pi~ment of. tare~ and ~seao?eotr.
1L Tbat ia t~e eoeut tis lo~n wbic4 t~b~t~p ir ~ina ~o ~ecaer i~ a~ds 60~ e~e a~E fiaaad~ sitkr t~e ooa~auetiee
e en :
ot aew bulldinp ar t~t oooraneefon o~ Imyes? te~ent~ _~nd/ar ~dditieas a d~eio~ baiWiaa t~sp l~x~ if nqtdr~d b~ t~s
acprerlr ~ea to depait witr eb 1~lort~ee or h~ d i ~eot sa ~ooant oi so~q pwt M t~t Hinaet betwao ebs ~p~ `
of t~e ban aed t6e eottl soouoy r dearaaasd M t~ta~ 1~ »d a infb co~pMet aY o~a~troe8oa i~ aooordaoee witr tie '
~nd ~peei8eatiom ?aaofon subm[etea b~ tb Mort~a~ aoa app~bf tw Mo~ppe. ~W ~somt o~ otooy ~all bt oboed b~
~ ~
Mort~se in a"I.osa~ in Proetw Aaeou~" in t4 naiee d t~e Mo~rpp~~ aad e~s ~au~s ~11 bt aed br t~e Mortpsee b par tfe oowr,
cba+p~ aod ~ inc~rced in ooaoeetioa wicti wid ooom~ vrior M`~~~uni~ eE tiit loa` It I~ furt6er apeed e~e i~ tDe e~nt
.dd ooa~cruetioa is sot fuly easplecsd oe ar b~l~rt t!~ d~ts ~t~ad ia tM rertiaio~ LoaaA~e~ or i4 t!~ snat tb~t tie weet a~ ~
~aid aswtraedoo siali oars bsforr Eol! c+oo letfe~ aoa wei e~r~dao i1a!! o~~w kr s p~riea ~ a a ( t0) K3f sab~eaadd emdnaew ;
~eoQa. .~att n.t 6s msds ta .uer eoo~cr~og e?. ao! ie .oy .cd ..~oc eM ~ aRrq~s .w~. pt;odvs~~ i~tetas~ ree~ioeea Is .dd
p'esiror7 ao~, ~od all ooofa ~eenred kr~'. ~baU b~eose dw aad p~bk Lat~witi er eMewEar ~t tk opeioa ef ratd . asa !s
ti~ r~eot of wc? a~doe ot work upoo said aea~ued~a br a~erka of b~ (10) da,~ or i~ ~andd eoadnasu~ td1rIo~e
~ad~ i~ wer ooa~truaion~ r af~nssid. tLs ~aps ~qr ~t iu ~~tho eater into ~sd aP~ ~ y P~~ ~d~N~ ~aid oow
rtrncdo~ ie «~ci eaener r it d~ ~d.Labk~wwene aq iatKf~rse~ fe~s tM M~yK; tfs M~dd I~qy~ ~re?7 d~ ~d ~ea~d~ ~
a eM Mert~ce full power ~nd ~uc6orl4 a mat~ wd a~ ia~ a~ opo ~ii owt~ea ee eaeer iao wKi e~etnea er u~ ~
nopsemr r oa~ bs eeeaa~ a oom~kts ~aid aoatneti~ aea M Q~d ~e~ ~oeie~ «sai ia aia "Low lo tnea+N Aooewk' a~
b additie~ as~ s~ ot ~oner oec~enarq to coaetlate wid aa~true8oe; ~ad up ad dl swdts ape~ded 6~ t~t Mo~tp~ee ia a~aeee~
wit~ suc~ aospktioa of ooo~troedos in escew of t6e ~ ia uid "Lesa~ i~ Peo~ A~os~ut" ~4 be a~~al 1e eM ~aid ~riscipi deM u1
sLill dnw Ietetest at t~e nts ~~ovided io ut~d pn~iMOr~ eott. aad iball be ietartd br Jir as~ s?dl bt N7afle h' t~e Y{atp~t
e~ ~ao4
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