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2. 't'o pera~it~ tommit or sufe~ oo w~~te aad to maiaaia cAe iiuprovca~cnb at ~11 times ia a sate of ~ood ~ep~ir ind coadi~ioa; snd ~o
do e~ permit to be dooe to ~aid p?cmue+ notA~a~ tbat will atte~ o~ chaosc cbc use sod eAar~eter ot said propenr o~ 10 ~AS ~ray impsir o~
weakea tbe secu~it~r of tAis aa~cpse. Aoa i~ case of tAe ~efussl, ~e~leet or in~biliep of ~I~e Mo~a~or to rep~i~ sod main~ain s~id proper~~•.
~be Mon~.see msr. at iq optioa, mate sueh ~epsin or tau~e t1~e aame to be raade~ aad ad~ ~aee aaneys ia tAat behalf.
l. To pay all snd sia~ular the ta:ss. auasmeats. levia. li~bilities, aad oblitation~ of ~veryr oaturo oa said dacribed property
cad ssd every v?Aeo due aod payable sooo~dias to law. befo~c ther becaae deliuQutay aod to delivtt ro t6e Mortss~tete oa ot before March
lSth of each re~r a: reaipa erideaciaj the pa~naent of all lawfullr i~posed tua to~ thc preeedis~ caleodar year; to isdcmoifr tAe Mort-
•see upo~ ia demud for all u:a, anessmeaa a~d eha~~es ebat m~r be ssseaed upoa thi~ aart~s~e o~ e6e iodebted~ta sctund hercbY.
sod psid br the Mon~atee, wit6out n~~rd to aay law he~etofore esuted or hereaitu to bc eoaeted imposias parmeat oi the rrhole or
aar ps~t t4ereo~ upoa d~e Mortsasee.
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lt is furthe~ oovenanted and a~reea b~ ~aid ~arties that ia the e~ent ot ~ suit bein~ ia~tituted to torccbse this mort~a~e, tAe ~
Nio~asce shall be eocitled to appl~ at ao~ tiaae pendiat sutA fonclosun sait to the oourt Aavio~ juri~diaioe the~eof fo~ the appoiatmeat ~
of a reeeiver of ~11 and siasular t6e oo~ssed Propertp. and of all reeM, iooomcti Pro6n. iaue~ aad ~e~caue~ the~eof. tras whaaoe~e~
wurce derived; aod thereupoa it is he~eb~ e:p~es~l~ ooveoanted and asreed that the auurt a?all forthwit6 appoiat sud reoeive~ with d~e
wual powen asd dudes of rsoeiven ia like use~; and uid appoinqoeot skall be made br ehe auurt ai a matter of strict risAt to the Mort-
~asee. and without refe~eace eo the adequae~ or ioadequaey of the value ol the pwpert~ hcreb~ morc~ascd, or to the wlveaep or iawlveaep
of the Mortjs~on or asy ot6e~ p~rer defeoda~t to wch auit The Mortsa`or 6ereb~ speci6ea0~ wai~a the ri~ht to objeet to cAe appointment
of a receiver as atornaid aod hereb~ e:prcaly oonaaa that such appointmeot aAall be made as aa admittcd cquity aod as a maner of
absolute ri~At to t6e Mort~a=ce and tAat the u~oe ma~ be done wit6ont uaioe to tbe Morttasor.
S. To pay all and siugular the oo~u. e6ar~es aod apensn. includin= attornep's fees and abitraet co~es, reasonabl~ incurred oi psid ~
st aa~ ame by the Mortptee betause of ehe failure ot the Mortp~or to perform, oompl~ wit6. aod abidc b~ eae6 and e~ery t6e uipulatioas,
a~reemeaa. oooditions. and coveaaaa oE uid proeis~oq note asd ot ebis moresue. or citkea
That the Mortta~or will kecp all nal aad penooal Propett~ now or hereaker eocambered b~ tbe lim of t6i~ mort~a=e inaured
~s msy ee rcquired f~om time to time b~r t6e Mortsasee a~aia~t lon bp 5re~ wind~torm and ot~er Luards~ asualrin ud contin`eneic~ for
auc6 periods and Eor oot Icss t6~a soeb amwmts as sa~ be nquircd b~ the Mort~t~ee and ro pa~ praaptl~ wAm due dl praainms for sud~
iasuranee. The amouats of insuranoe required bp t6e Mortptee shap be the sinimum amouoa tor which uid insuraace shal) be writtea
~nd it shall be ie~eumbeot upon ehe Mort~a~o~ to maiataia suek addirioaal iasurance as may be ^_eassar~ to meet aod compl~ fullr witA
all co-iesuraoa reqniremena cootaiaed is uid polieia to dte end that said Mortsa~or is not a oo-insuror thereunder. Iosurana s6a11 be
wrineo b~ s oompw~ or oompania appco~ed or desipsted bp t`e Mortsa~ec and all polieia aad reaewal~ t6ereof ahaU be 6eld b~ the Mort-
~asee. Afl detailsd desi~oations b~ the Mort~a~or whie6 an aooePtcd b~ the blort~asee and all a~reemena betweeo Mort~a~or and Mort-
a~ee rclatias to insuranoe. oow esistint or hereaker made. aball be in writint and ahall bc a part o~ this oartptt ssreement as full~ a~
dwuth set forth ~erbadm herein aad shall ~o~ern bot! pa~tia hereeo and tbeir wooesson aad auiass. No lien upoa s~y of said polieies of
insuraaee or upon ao~ retund or ret~rn pre~ius whieh ma~ be pa~able on t6e eanalladoo or termination thercof. s6a11 be ~iven to other
than the Mortpr:e, acapt b1 Proper endonemmt a~ed to snc6 polie~ and approved bp Mortsagee. Each polit~ of insuranee ~h~ll 6~~e
a~:ed the~eto a Staodard New York Mortsasce Clawe witaout Cwtributia~. makinQ il! bss or M..a uoder suc6 polic~r payable to thr Mort-
p=ee a~ ia interest ma~ appear. In the e~ent an~ sum or ~~ens of mo~eep beoome pa~able t6ereunder the Mortaagee shall 6ave the oprioo
to reaeire aed apply t6e ~ame o~ aoooant of t6e isdebted~ea `ereb~ sceured. or to permit the Mortaator ~o reaive and we it, or aor Part
thereof. r?it6out therebr waivin~ or impairiu~ any equiqr. Ueo or ri~fit nuder aud Dp virtue of this mort~ase. In eveat of bss or pl~jsieal
dsmase to t6e mortsased Properh~ the Mo~a~or shall tire immediate notiee thereof b~ mail to the Morttasee and the I?lortgagee may mate
proof of bss it t6e same is ~t made promptl~ bp the Morqaaor. la e~mt of foredosnn of t6is mortpae or otber transfer of title to tbe
mortgased propertp in eztinaui~hment of the indebtedness ueured herebp, all tighy tide and intcrest of the Mor~agor in and to an~ insur-
ance polities thea ia ~oroe s6a11 paa to t6e purchaser or ~antee.
7. The MortgaRee ma~, st ia option, and without waivins ib ria6t to aaeelerate the indebtedoen hcreb~ setured and to foreclose
the same. par eit6er Defore or aker delinquenc~ an~ or all of t6o~e cettain obli~arions required bp the teros hereof to be paid by tAe Mort-
gagor for the proteetion of the mortpte secwriqr or for tbe aollcctioo of the indcbtedaess 6erebr seeured. All sums w advanecd or paid by
the Mortpaee sl?all be e6ar`ed into the mortgate aoooont and beoome an integral part t6ereof. snbjeet in all respeeb to the terms, condi-
tions, and coveaann of t6e aforesaid pranis~on noce. and dus mortgsge. as full~ and to t6e sase eztcnt as dwu~6 a part of the origiaal
indebtcdness evideoad br said note and se~wred b~ this mortga8e. e:aptin~ 6owever. that said s~s shall be repaid the Mortgagee fort6-
with upoo ia demand and be in addition to t6e reaular mont6l~ instsl4oenb provided br the mortgare aote.
i. TAat the abstraet or abstracb of tide oovering•t5e mortp`ed propert~ s6a11 at all times„ duriog t6e life of this mortgage, remain
in the possessioa of the Mortga`ee and in event of the foreebsure oE t6is mort~a~e or other trassfer of title to the mortgaged pwpert~ in
ee
; extiaguial~meat of t6e indebtedness sceured hereb~, all ri~6t~ tide and interat of the Mort~ag~or ia and to an~ such aburaas of pde shall paa
to the purchaxr or sranteG
f. That oo waiver of an~ ao~ensnt 6erein or of the obli~ation secured hereb~ s6a11 at an~ time he~eafter be held to be a waiver
of che terma hcrcof or of the note secured hereb~ .
10. T6at in order to aocelerate the maturit~ of t6e indebtedne» 6ereb~ seenred becaa~e of t6e failure of t6e Mortgagor to pay an~
ta: a~xssmce~ liabilitr. obligation or eneu~nbrsnee upon said propert~ u herein proridcd, it shall not be naessar~ oor requisite t6at the
Mortgagee shall 6ru pay t6e sama
I1. To the eztent of the indebtedne» of the Mortgasor to the Mort~asee desc~ibed 6cnin or seenred 6ereb~~ the Mortgagee is 6ereby ~
sul.rogated to the lien or lims and to the rijhts of t6e ownen and ho{den t6ereof of eac6 and erery mortgate, Gen or other incombraaee
0o the laod deaeribed hereio whic6 is paid sad/or »tis6ed. ia whole or in part, out of the proa~ds of tbe loan de~eribed herein or seeured ~
herebr. aod tbe resptctire liens of said mortgages, liens or other intumbrantxs, s6a11 be and t6e ume and eac6 of them 6ereb~ i~ prc~er~ed.
and shall pass to sod be heW b~ t6e Mortaasee hereia as securiq for t6e indebtedness to t6e Mortgagce 6enin deseribed or 6erebf seeured,
to the }sme e:teot that it would 6are been preserved and would hare beea passed to and bcea held b~ t6e Mortgasee had it beea dul~ and
regulsrlr assigatd. transferred, set orer. and delivered unto t6e. Mort`a`ee b~ separate deed of assignment, notwit6uandiog the faa that
t6c ssme mar be satis6ed and taaoelled of reoord. it beiog che ineenrion of ~the parcie• 6ereto chae che same v~ill be atis5ed and tancelled
of record by the holden t6ercof at or about t6e ame of the rewrding of t6is mortgase.
12. If anr of the sums of moner herein referred to be ~t prompdr aad full~ paid within tl~irt~ (f0) days ne~ after the sa~ne ~ever-
all~ rnme due and psyable. o~ if each aod ercr~ the stipulations. asreemeoa. cooditions aad wreoanta of said promissoqr note aad this mort-
Rage or either. a~e not dulr performed. eomplied wit6 and abidcd b~. the agsreaate sum mentioned in said pmmiswry oott or otherwise
~ecured hereby shall beeoroe due aod payable fort6with or thereafter at the option of t6e Mort~a~ee, ss full~ and eompletelr as if said aggre-
gate sum of moner was orisinallr stipulated to be paid on such da~, a~rt6in~ in said promiaorr oote or 6ercin to c6e oontraq ootwithuandin~.
1~. The Mortgagor, ib suteeswrs or assigaa. is to oomplr wit6 the terms and coaditions of a tonstruttioa ban a6reeroeot betweea the
Mortgagor aad the Mortgagee. an e:ecu~ed ooQy of whieh is in the possession of tbe Mortgagee aod said aoostructioe ban agreemeot is
hcreby iaeorporated 6eran by referenee aod made a part hercof. and any defaultf bp Mortaagor der said ooostruction ban agreeraeot ~
sh~ll be oonsidered an evcnt of default w~der this mortgage.
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14. It is hereb~ e:prea~ly agreed t6at t6e Mortgagee, its successors and assigns will release from t6e lien of this mortgage aar of the ~
Iws de:eribed herein upon whieh there I~as beeo ooastruaed a buildiog upon the payment bp t6e Mortgagor to the 1ltongagee ot such swas as ~
have been advanced by the Mongagee on t6e lot or lots to be released, together with aarued iaterest, provided that the Mortaagor. ia ;
suecesaors or assigos are not ia default under aoy of the terms or ooaditions of t6is mortgage or any obligatioa ot liabilitr seeured hereby, 1
and 6are fullr eomplied with t6t terms and maditions of the Construttioa Loan Agreement betv~eea t6e Mongsgor sod t6e Mort~ssee.
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