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S. That ia ebe svenc of s suit b~f!~s in~titucad ~s tonclo~t thi~ so+Wa~, tYs M~tfsau ~YaU b~ eaqtkd ~o appl~ ae 4sy dwe ducio~
auch toralosure suit a c4e oouct 6avw'
~~uri~diedoa~~~ fo~ the sppoiot~eeat of a ~eea~u of sll and do~ulu t6e aaets~ed propeeV. aad
sf sll ceaa? jnco~aa. Profib, uwes sad cevenua t6ereof. ~com R6aaos~e~ ~oue~oe dai~ed; aod t4cenpou It b 6s~eb~? apreal~ co~enantcd
aad ~rad tl~at the oourt sdall fort~wit? appoint ~ueh reui~a wi~ tM wual powen aod dutia ot reod~crs. is Ub eda; aod ~aid a
eu
pointmeot ~hsll be mad~ br tbe wuK as • maaer of aniet ri~t ~o tM aod wit~a~t ceEereoo~ a t6~ adeqwq? K ioadeqwe.7 0!
~alus of tht properV ?ae0~r ao~ed~ ar ~o t4e sol~eaeT or iasoi~eacy
o~~~atsa~or ot an~ ~thec pa~b defeadant to suc~ wit. Tbe
Mort~a~or 6en0r ~pcci~icalir waiva cae ~Ot eo obj~ct ~ cbe appdntwent of a rccel~e~ n aforaaid and hereby ~p~ealJr oooseob chat we?
appoiauaent s6s11 be ~aade a so sdmitced puiq sod a~ a m~tee~ oE ab~oluu ei~Yt ro t`e ~ssee aad t~at ths same mq be doae wic6ou?
ooeics ~o che Mort~a~ot
6. T6at if asy praaediu~s ~6a~W be io~ +iiv~ MP~~f oo~ered br t6is moct~e upos ao~ ot6er Uee or claim w6et~e~
supe~ior or juoior a t6e Ga of ~ mo~~ ere Mort~ssa ma! at tb optioo in~mediatelp npoo iwdtudoo of w~L suit or duciaj ebe pead.
ener c6enof dalare e6is roo~c~s~e and che iodebced,Ka ~ecuced 6eceb~ due and p~abk fo~tDwitd sod my a ia optioo proeeed eo localae
this moctsa~
To p~r sll and a lu t6e oo~n? ha. clar~a aad espe~a of e~a7? kind. ladudios tbe oat of an ~btact of atl: ~o said laad~
fouad te be oon~aueot or ~ent la ooaneetiou Rith. ao~ suit for t6e foeeelauce of t6h sod ala ineludioi w~et~ tLe Matpsa
i~ oblipecd to pa wse o~ not, rea~oaabk atco~aefs ~ea ~eurred ar c:peaded u W ~ ldortsyee beuwe d t~s hilure aE c6e
1~~t~ ~ ~Pb v~itl aad ablde b~ aU or aar of che oo~eaann, oonditioo~ aad ~tipulatioo~ of aid prani!an? nae. o~ ~his ;
mo~a~ in t e toreebsure ot c6bow~t~a~e and in oolisctin= the amo~at ~eeared Lueb~ witb or witbut le~al Qrooeed~np. aod eo reim- z
bune tbe for evenr pqmeat made or iacwrnd for soy suc? pnrpae wit6 Interat from date of ever~ wcb parmeot u t6e cate of
ei~Dt per cent (i ) per annum; suc6 pa~meots and obliptico~„ with ~utcrat tbereon ~s atoraaid. sLall be ~ecuced by t~e liea 6eroof.
'lb keeP t6e b~niWio~ or buildinp mw or 6creafter on said laad Imured loM or dama~e b~ Sre. eiteaded oo~en~c aad
ot6er pecib, ineludin~ wu risk [nsuraoee if a~ailaUte, ta a~nm ~oot la~ than their f 1 iasurable value u t6e oat and e:peme of the Mort-
Bs~o~ in a rnmpan~ or oompania appco~ed by tIK bio~a~ee. tDe Puli~7 or polieia to be 6eld by ebe aod sncL polic~ o~ poticia oE
insurance s6a11 ha~e affiud tbereto a Staadud New York M g~ Clau~e. makias all !oM or lasea unda~a policy or policia payable ts
t6e Mortgagee as its iaterat mar appsar. and e~ ddi~er uidl~pouc~'~ or poltaa ~o ttie Mortpjee wl~ I~we~ with ttis rccdpb tor tDe pa7-
ment of t6e pranium therefor; aod in tbe e~ent an~ sum ofmoae~r beco~oa uada socb polic~ or policia~ tbe Moctaasee shall bare
tbe option to raeine and applr the same oo sooouot of tbe indcbtedna~ aaured~y or to permit tbe Mortga~or to reeei~e aod use it~ or aay
put t6ereof~ for other parpaea, ~itbut t6e~eby waivins ot impairint aq~ eqni4, lim or dg6t nnder or br ~irtue of tLis mo~ase • aod
che Mo~a~ce if ic dcems necnsa~ mar pl~aa and pa~ ~Oe wcb un~~ or ac~ parc cbereof~ without losin~. wairins or affatiag ~loet-
~agee's option to forcelae for breacb of t6is co~eaany or ao~ 'part . o~ aar ri~ht or option uader tbis moctga~e, and e~rerr sucb Wlr-
meat a6aU bear iate~at finm due thereof na61 paid st the cate of eig~R pa aot (!76) per annuc~r and aU snc6 pay~menb wit6 interat as
aforaaid s~all be saurcd by ehe lim 6ereof. In t6e ennt anr bss or dams~e iu snffercd Moress~oc s6ap notifr Moetsa~ce of s~ las oc
damage withia fort~-eig~t (4=) boun after tbe happeniog t6eraof; tbe fail~ue to gire such notice s6a1! cotmitme a defauh aad tse Mort~a-
gce s6a11 Lave t6e rigLa 6eran girea for ap defaulb. :
9. To pe~mit~ aomrnit or suffer oo waste aad to maintain tbe tmpro~emenb at all dmes in s state of ~ood repair aad ooodition: and f
co do orpe rmit to be doae eo said premises not6iog tLu wiU alter or change t6e we ~ad charaeter o~ ~aid pcopaq? o: io say wa~ impair or
weaten che secaritr of s~b moct~sge. In we of tLe refwal. ne~lea or inabiGq of t6e Mort~a~or to repair and maintaia ~aid properq'. t6e
Mort~a8ee ma~. u ia opfioo. mate sueh repain or, cawe tLe same to be made aad ad~aace mooia ia that be6alf w`iei sum~ s6a11 be secured
by tbe lim 6errot and brar iaterac at the nte of agbt pe~ cent (i%) per aonum.
10. To deli~er t4e sbuset o~ abstnces of dde oo~ering the mortQaged Properq to Mort~atee or its dat~oated ageat. ~~Lich sball at
all tima. duriog tLe life of tlus mort~a~e, remaia in t6e poaasioo of t6e Moc~ee aad ia e~eat of t6e foralaure o~ tbis mo~age or aber
eramfer of titlq all ri~6t. titk aad iaterat of the Mort~a~or in and to an~ such abtract or abstcaas of titk ihdl Pas ts tbe P~~6a~ or
erantee.
il. T1ac oo wai~cr of anr ooveaant ticran or in tLc obU~ation secured 4enb7 s6a11 u an7 time tierafter be beld m be a Rai~er of
any of the ather terms hcreot or of 26e note ~aured Leteb7.
it That io order to aoeelerate tbe mamrit~ of tLc indebtedncsa 6ereb~ ~ecured becauu of tLe failnte o~ tbe Morep~or co pa7 aar taz
a~eati Gabilitr. obliguiaa or encnmbrance upou said Pcoper4 at herein pro~ided, !t s6aU oot be necessar~ oor reqmsite t6at t6e MortQa~ee
shall Snt psr the same. .
13. T6u if tLe Mo~ur sLall fail. ~lat or refine ~sr a period of t6iety (30) daps fali~r aad promptl7 ~ PsY t6e amounts re-
quired to bt paid by tbe uae betebr sawred or tle iotere~t therein speeified or aa~ of t6e su~ns of moner 6e~ein rcferred to or bereb~ se-
cu~ed, or oc6erwisc duly. ~uq~ aad p~om~dy to pafono, e~ecut~ comp~ witr and abide b~ eacb, e~ee~ or ~o~ ~ t6e w~enana. conditioo~
or a~pulsdons of this moc~e, c1~e prom~s~or~ nae herebr secnred an~lor the oomtnxtion ban ag~+neat, if anY. tLen. aod in at6er or ia
any of suc6 ermq, witbout noeee or demacd, the said a~e~ace sum mmtioocd io ~aid promi~oq note. le» pcevious pa7ments, if aa7. aod ,
anr and all sums meationed hecein or ~ecnred 6ereb7 shaU beaaae doe aod parable foet6witb or t6ereafter at t6e oontinaiog option of t?e
btoress~a as fully and oompktei~ a~ if said a~regate wms wae ori`inallp stiFulued ~o be paid at sue6 time. an~t6in6 in sa~d pnmi~orr
notc or ~cein to tLe aonvar~ notwitLstandio~ and t6e Mortaagee ti~aU be entitled t6erenpon oc thereafter witbout ootioe or demand to in-
satute wit at law or ineq
nity to mforoe the a~6ts of t6e Mortg~gre 6e~nder or nnder said ~ranis~r~ oote. In the event of aa~ default
E or breseb an t6e part of tLe Mo~or 6emmder o~ under said P~omi~or7 note. tLe Mor~gasre s6aU 6a~e the coatinuing optioo to mfo~cc
~ parmenc of vl sWns saured ~y br ac6an ac law or b~? snie io ~qniq? b foralae tLis an~ge. eit6cr or both. ooocarrentl~ or a6erwisc.
, and one sction or wit ~hall not abate or be a bat to or waiver of tbe M~agee's riQ6t ~o imtitute or maintsia t6e ot6er. pro~ided ~aid Mort-
sa~ee s6a11 ha~e onl~ oae pqmeat and satisfseoon of iaid indebtedna~.
14. That in t6e e~ent t6at Mort~o r~6a11 (1) aomeot to t~e appointmmt of a rati~~*. tnsta or Gquidator of all or a sub~tantial
part of Mort~a~ors srebr ot (2) be ad u'
d'icated a bsaiwpt or imohmt, or $te a~oluntary petitian in bankrupa~, or admit in writins io
' inabilit~ r pq ib de6es a~ the~ be~o~oe ~ne~ or (3) make a~eoeral a~ai~omeot far tbe bmd'it of ereditas, or file a petirioa or amwa
~ ~eekins reor~aniutian or arraagemeat wit6 ereditas. or to take ad~aotage of an~ io~ohene~ law. or (S) fik an answe~ adwictiag t6e mi-
terial alleptiom aE a petition filcd asaiau tbe Mort~or io an~ baakrup~c~. ceorganization or insol~mc~ proeeedin~ or sction shall be
takm b~ ttie Mortgsaor for tbe purpae of eff«tin~ an~ of che fore~oin~ or (7) an~ ordet. lud~nent or deeree sbali be rntered upon an
ci s
applicuion of a crcdicor or Mortgagor by a oourt of oompaent urisdjctioo appe~ovini a Petition saltins aPPoiotmeat of a reai~er or truuee
of all or a suMtanaal put of eLe Mort~a~or's aMeb and snt6 jud~neat or decree ~Lall oo~inoe m~ta~ed aod in effat for aa~ period of
tbi~ (30) ooo~eeuti~e da~ tLe Monga~oe may deelare tae nae 6enb~ saured torthwith dne aod parabl~ w6ereupon tLe principal of ~od
tLe i~eeat ~ocroed on the oote and all ot6er sua~ 6e~eby secured s6s11 beoane forthwitti dne and ps~abk as if all of tbe s~id sums of mooef
were oripnallr stipulated co be paid on suc6 da~; aod t~ereupon t6e Mortsa~ee wit6ont ootiee or demand mar ptoiawte • suit at law and/or
in equit~ as if all inooia ~etnted berebr ~ad matnred prior ~o ib in~dtutioo.
f S. T6at tre Mortptce or aoy perwn authotised b~ t~e Mortp~ee s6ai1 6avc t~e ri~t eu mta apos aod iatpect tLe as~p~ed
premises at a11 reasooabk dma.
16. 13at an~ wm or sums w6ich mar be bancd or d~aooed b~ tbe M~oet~ee !s tLe Mortts~or at aa~ time wit~in tm (10) rean
fran t6e dste af tbi~ indaunrq t~t~er with interat tLereon u t6e rue asceed upou at t6e tiwne of ax6 ban or ad~ance. ~hal) be eqnall~ se-
cared with and ba~e tbe same prjorit~ a~ tbe ori~nal iodeh~ednw aod be snbjeet to sll t6e teens and pro~isioo~ of this roortt~: P~~,
tbst tbe a~resate amou~ of priacipal out~tandins at anr time sLall not eaeed au amoun~ equal co one huodred and Sft~ per oeat (IS096) of
~ ~naw~ .~~c o~~ovy
17. 'Tbay if requieed b~ Moetp~ tbe aid Mert~ wUl p~ moo tle ~ oo tbe Snt dsy oE ae6 and e~ery ooo~ecuti•e
moetb. a wmcq ual to ooa~twelft~ of etie anaud amouot oeoa~u7 w Par dl ta~a snd as~meaw apin~t tbe uid mo~ed pre+nises. uid
mouthlY sum to be aamated sokl~ b~ Moct~a~ee and eakwlatcd eo be an amoun~ aot les t~aa tre aoount o~ tua asaud a~aimt ~aid mort-
~ ga~ed premi~es for tbe prerious tur~ and if furt6er required b~ Mortga~ee to pq all inwrsaoe premiumu in mamer and focs a~ prorided
bcrein for tLe pa~t of ta:a and aresmeats.
tf. 'i'6at in t6e e~sst etie io.o ..bic~ tWs meet~e i~ d.ea to .aure L made fo~ e!e pae of Snaocias atLer t6e ooo.eructioa
ef osw bdldiap or tbe oomtroctioo o~ iopro~emean aod/or dditions eo ~do~ baildiap. t?sp~
olr! ~a~Ot. if ~qaind br ttie ~e.
~presd~ a~recs to depwit wicb e~e Mortta`ce or i~s desip~md asent •n anoouat of moee~ pual ~s ert d~fhe~eaee 6etween tbe nd procceds ~
of c6e loao and cbs taal amouuy a dmrmiaed b7 t`c I~oct~a~ reqmred ~o full~ eoopkte sda eoomncdo~ ia aooordsoce witl~ ebe plam
,nd speafia~o~ ra~etofo:e wbmiaed h tre 1~apr a~d ro+ed bp die Mottpps. sdd monoc of sooe~ sea11 be olsad b~ e6c
Mo~a~ee in a'7.oan~ in Procew Aooouat" in t6e na+ae of tLe ~~~or. aad tre stme ~11 be wea b~ tbe 1d.Y.t~ce_w par t~e eow.
ebata asd esoeda incarred ia eoaoectioa wit? aid aea~troc~~ ~o `~„~it tiis {wa. It b futt6er +Recd t6at in tbe e~ent
said aonatruceioa b aat h~ll~ aomPlaed aa o~ bdon tM Loe b t4 Losu~e or L t~s ~e~t da~ e~e work o~
aid oomtrucciaa ~ball ccase bcfore full oan~letioa aod ~ ceastioa s~ali aooeinoe !or • period e~ ao ( t0) da7s~ or -if ~nbsanrial oootinuou~
p~as ~all not be msde in sue? ooauruawq t6en ~ad is so~ ~ncti s~eat t!e Nid aQrepte sas~ prineip~l and iocerat, roenciooed io said
P~~7 ~ad all sooia ~ecnred reetib7. ~all benoe dus a~d payabie lwtrwit~ K deeeJtes. ~t die opio~ of sai~ Mortp~es: t4d ie
tbe e.ene of suc6 a~acioo of .~rort ~npoo said aoo~cmetion tot ~ period of aa (t0) da~ at tf wb~aaaal eootiaoou~ peosres s6a11 na be
mad~ ia suer oee~eruceiea. ~s •foreuid. tre ~a~e ~a1 ~t ib ~ptie~ enter ia~o aad npon ehe pram~sa and complete wd oon-
~truedoe in w~cL aaoner n it dcem~ ad.iwbl~e~~wit6out ae~ istErfereae~ ~eas t!e Heet~a~ot: tLs Nua~
qs~ ~ereb7 d~ ~ t~oi
~o tLe Mortp~se tull power and autlwriry oo matt wcr ent? iaw na opu ai~ oeet~ad ee e~er iono wc6 oootraas or u-
n a
raa~emens a~ aq be oaess~~ 1o campiets said ooastraaiee. aed M apmd a7 s~oia ' ai ja aid "I.eaer is Proaw Aoooust" a~d
in addicios ~a~ wos o! ooee~ oeauar~ eo caaple~e ~sid oowe~sioo: ~nd ~d afl ~ooia apeaded br ~Ls Morqasee io conoeccioo
witr wc~ ea~pktio~ of cao~truaiao ia e~ca~ of tbe monie~ ie said "I.oan~ i~ troas Aaoouet" iaq be adaed ~s tit said prindpsl debt ~nd
sAall dnw ioterat at tbe rses prorided ~a ..;d ~.oe~ aod .esu ee ~ h~~w~. ~ v~r~ M~~ ~
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~ ~ a~~1 ~5 ~~023
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