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PROVIDEII, ALWAYS. lhat if tbe \lottsa~or shall pay unto the \lottgagze the indebtcdness rvidencad by a
cetta~o DromisSOCY note of which the followin~ in words and tieutCS is a true cupy to-w~t:
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and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and cove-
nants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be j
null and void.
1. The Mottgagor hereby covenants and agrees:
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(a) To psy all ind cmauLr the prmc~pal and interest and other sums ot money payable by virtue o( said prom~ssory no!e and this
deed, or e~tder, promptly on 1he days respectively the same secetally becomes due.
(b) To permit, caomu or sotfr no ~raste a~d to mamt~in the improvements at aIl timea in a state of good repair and cond~tion, and to
do or permrt to b= done to said premiaes rtotAins that rlll alter or chanse We uae and character ot s~id property or in any way impair a
weaken the secur~ty of this mort~ase. And in case ot the retusal, ne~leet or inabili~y of the Mort~~~or io repair and maintam s~id proper-
~Y. ~h~ Moct~aeee may, at his op[ion, make such repairs or cause the same to be made, aad advancc mo~eys ~n that behalt.
(c) To pay all aeW ain{ulu the t~aee. •eseasments, levies; liabili[ies, aad obli~atioas ot ererY nature m aaid described property each
artd every ,vhen dye and psYable sctordin~ to:lsv, before ther became deliaque~t, aad to deliver to the Mortaa~ee on or befott March
IStA o( eaeh year tax receipts evidencins the payment o( •Il lawfully ioposed taaes tor.the ptetedin~ caleadu year: to indcmaify the
l~4ort~a~ee upoa his demand for stt ta:es, asses`ments and char~es that rsay be assessed upon tAis inortaasc on the indebtedneas s•-
cured hereby, and paid by the matpsee, without resard to ~ay la~ 6eretofore eeacted a herestter to be en~ctcd imposin~ payment of
~he vhole or any ~+srt thereof upot~ the, Mwt~~~ee. ' '
(d) To pay all and a~n~ular the costs, charses and expenses, includins l~ayers' fees and abatract coses reasonably incurred or paid at
any tim~ by tAe A1ort~a~et because of tht tailure on ~he psrt of the Mort~asot to perform, caeuply with and ab~de by esch and every the
stipulations, a~retments, cond~tions and coven~nts o( sa~d ptomisso~y note and this deed, a either, and everY such~payment sAall bear
mterest fran date at the rate of ten UOS) per centum per annum.
(e) It is Grther corenanted and •{teed by said p~rt~es that in tNe event of a suit bein~ instituted to loteclost this mwt~ise, the Afort-
Saiee sh~ll be entitled to apply •t ~ny time pendins sueh foteclosure suit to the court h~vins jurisdiction thereof tor lhe appointment
of ~ receiver of all and sia~ular the mwt~~~ed propcrty. and of sll reaa, incomes. profits, issues ~nd revenue~ the~eot~ from whatsoevcr
source detived; and thereupon it it hereby taptessly eorentated aod s~reed tbat the Court sA~ll tortAritA appoiet such receiver w~th
the u~ual po~ers and duhes of receivers in like t~se~; aed s~id appointment shall be made by t6e co~t as a matter of strict ri~lft to
the ~at~a~ee, and rithout reterence to the ~dequacy or inadeqnaer ot the r~tue of t6e ptoperty Aerebr roortisitd, or to tho solvency
or insolvency of the Mortsa~ors a any othe~ pu~y defe~dant to sucA suit. '1bt Mottaasot hereby spetititaUy raives the riaht to object
to tht ~ppointment ot a receirer ~s a(oresa~d ~nd hereDy esptessly consents tb~t s~ch •ppo~nunent sh~ll be m~de ss an admitted equ~ty
~nd a~ ~ aatter ot absolute ri~ht to the Mort~a~ee sed that the same aNr be done ~~thout notice to the Mort~a~or.
(f) J[ to~eclorure proceedinp should be instituted s~~inst the ptoperty ~o~erea ar w;, mottNie upoo any other lien ~,r cla~m whrther
allesed to be superior or junior to the lien ot this mort~are. the Mortq~ee msy at his optioa immediately upon ~nstituhon ot such su~t
or dwins the pendeocy tbereof decl~re tAis mort~~~e ~nd the indebtednesa secu[ed hereby due and p~y~ble fathwith and may at its
option proceed to fareclose this taort~a~e.
Th~t the Mortp~or will keep all resl and personal property aow~ o~ heteaftet tntu~ebe?ed by the I~en ot this mortjsje ~nsured ~s may
be required [rao time to time br the Mort~a{ee •~ainst loss by tire, ~r~adstotm u?d other hazards, casuatties and conUn~encies for such
ptriods and fot not less tbar? sucA amounts as~y be taquiced by the b{ortqaee ~nd to p~y prowptly ~hen due alt prem~ums tor sucA
inaursnce. The acaw?es of iasurance require6 by the Nortjasee aball be tAe siaimum ssaunts ta vhich a~id ~rtsur~nce shall be ~ntten
and it s6a11 be incumbent upon the Wory~~o~ to main4in sucA ~ddiuoaal inaur~nce as m~y be necessary to meet and comply (ully with
all co-insur~nce requircments contained in s~id policies to the tod th~t t4e ssid Morttaset is not a co-~nsuror theremder.leswance
saall be rritten by ~ caapany a compsaies sppcoved or desisn~ted by the More~asee ~nd all policies ~nd rene.als thereot shall be he1J
br the Matqsee. All detailed desi~a~tions by tbe Mortsa~ot ~rhich are acceptsd by the Mortp~ee aed all sjrtemeats bct~cen Mwt~a~w
and Mort{a~ec relat~n~ to in~uraace, nmr exiatia~ or hereafcer aade, sh~It be in nritia~ ~nd sh~ll be a p~rt o1 this a~ortiase a~reement
as fully as ~housA set fath verbaum here~n and shall ~overn bo~h p~~ties hereto ~nd tbeir sue:.essors and ~ss~~ns. No tien upon ~ny o(
s~id policies of insur~nce or upon anr refund a return premiwe ~hicA ~say be parable on the c~ncellation a tereiination ehereof, sh~ll
be ~iven to other t6an the Mottp~ee, except by proper erdorsement •tfi:ed to sucA polity and appored by Matsssee. EacA policy of
in~ur~oce ~h~ll h~re at(i:ed U?ereto ~ Standad Ne~r York Mort~a~ee Cl~use ~ithout Coovibut~on. matinj ~11 loss a lossts uoder such
policy p~ytEle lo the Matpjee •s its iaterest m~y ~ppear. In the event ~ny iYm or suss o[ aoney beco~ae P~yable iAereunder the tlor[-
~a~ee shstl havt the option to reteire and apply tbt same o~ account of t6e ~ndeptedness bereby secured. a to pennit the NortEsEor
~o receive and use it, or ~ny par~ Nereof, ~ithout therebr raivia~ a ia~pau~n{ any equity, lien, o~ ri~ht wnder and by rutue o( thi~
mat~~ae. 1~ erent ot loss or phrsic~l d~mase to the mort~a~ed property the Mat~~~or sA~ll ~~ve ~rtrsediate noticc thcreof by ma~i
the Morl~e~et and ~Ae Mor~jasee miy mske p~oof of loss ~f the ssme ~s not made promptly by the Stort~adar. In evcn~ of (c.re~ln~ure nt
y ~oo« 1~1 PACE 5b~ -
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