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Tdat io tLe event of a•uit beias iauituted to foralae ehis mon~ass. t6e Mwtsa~te ~Asll be eacitlcd to sppir u aoy wnc dun'cs suc6 foralosu~e suit to tae court having ju~isdic~ion t6creqf for ~Le appoinuaen~ ot a receiver of all and un~ulu the monQased prope~tr, iod of all nats~ inco~oa. p~ofits, issua aad ~eveoua t4ereof, from Rhanoeve~ wurce derired; aad t6ereupoo u iu Sercby e:p~asly co~enaoted srs~# a~sred that t6c court sDall forthwith appoiat such raeive~ wit6 tLe usual povoen and duda oi rcceiven. ia like cua; and uid ap- pointmeot a6a11 be made Er t6e rnurt as a matte~ of urict right to tbe Mort~aQc:, ~~?d witbout refereote to the adequacy or inadequur ot tbe , ~alue of tbe pcoperty berebr mort~age~, or to the wlreacy or iiuolvencr of the Mort~s~o~ o~ ao~ abe~ pa~t~ defeod~nt to ~uc6 ~uit. 1be ; Mon~a~or 6erebr ~pecifically waiva t6e riQ6t to object eo tDe appoiatment oE a raeiver ~s sforesaid and 6ereby e:pressly ooasenb t6it wer ~ppoiatment shall be made u aa admitted equity aad as a maner of aEwlute riQht to tAe Mo~egs~ee and t6at t6e same mar be doae wit6ow ootice to t6e Mortsssor. 3 6. T6at if ~ay praeediop ~hould be iostituted a~aimt tLe pmpertr ao~e~ed Dy thi~ mo~t~a~e upon anr ot6er Gcn oc claim wbet6ec ~ ~upetior or juaior to the Gen of thit ioonga~e, tbe Mott~a~ce mar at its optioo immediatcly upon inuitution of sueb suit o~ dudn~ tbe pend- p~r t6ereof dalare t6is mort~aQe and the iodebtednas secured 6ereb~ due and pajable tort6witb aad ma~ at ia option procad to foreclae ; t6ls mort~sgG To pay all snd ungular the costs~ fea, c6ar~es and ezpeasa of e~eq kind, iccludiag the cat of ao abstract of title to ssid land~ fouod to be ooa~eaieac or e:pcdicat io oonnanon wich. sor su;c fo~ ese fo~eclosure of chi~ mo~cQa~e, +~nd also includia~ wbet6er t6e Mort~s~ct i~ obGpted to pa7 same or not~ reawaable atto~ae~s tees incurred or espended at aor time br the Mort~a because of t6e failure of ~e Mo~a~or topt rfona, canply wits aad abide by all or any of t6t oo~eaana~ cooditiau and uipuladoas of uid praai~oryr note, w tsia mort~aQe. in the foreclosure of this mongage aad io collecting t~e amouat savrcd be~ebp with or wit6out le~al proceedinp. sod ta nird- bune t6e Mort~a~ee for a:~e~• payment made or incurred Eo~ anr ~uc6 ~u~pose wit6 interat from date of c~cp such pa~nneat st tAe nte of tm per eent (l096) per annwn; sucb papmeuq and obligatiun~, wit6 ~utcrat t6cr~on as aforaaid, ihall be ~aured b~ tLe Gm 6eraof. To kap t6e buildio~ or uutldings now o~ 6ereafter oo uid laod inw~ed s~aimt ior o~ dama~e by Sre. e:tended oo~ersse and other perib, including risk iasurance if available. ia a!~ ~~t laa t6an thd~ full insunble value u tLe cat and e:peme of tLe Mort- gago~ ia a oanpany or cnmpania appw~ed by t6e Mortgagee. t6e potiq or policia to be 6eld by tbe Mortgageq and soe6 policr or policia of ~ iasurance s6a11 6ave af6:ed t6ereto a Standard New York Mortgagee Claus~ makiag all lo~ or loasa uader suc6 policp or policia payable to the Mortgagee as its interest may appea~. and to deliver said polie~ or policia to t6e Mortgagce whm iuued with the receipt~ for the pay- meat of the pranium tberefor; and in the event any sum of moner becoma payable uade~ such policr or policia. the Mortgagee ~6a11 6a~e ~ t6e optioo M rectire and spply t6e ~ame on uoouat of the indcbtedncw securtd 6ereby or to permit t6e Mortgagor to rcceive and use it, or aa7 part thereof~ for ot6cr purpoaa~ wit~out thereby waiviag or im~airin~ anr equity. lien or right uader or by ~irtue of t6is morteaee; and t the MortQagee if it dcema necasary may place and pay for suc6 ~asurance. or tny part t6ereof, r. ithout laain~ waiviag or affatiag Mort- ~ ~agee's option to foreebse for breach of this eovenan~ or aay ~part thereof, or any rig6t o~ option under thia mortgage, and e~ery sueh pay- ment shall bea~ interat fmm date thereof until paid at the rate of qsper ceat (1096) pe~ annum, and all tac6 pay-meob witb interat as afocaaid s6a11 be secund by the liea 6ereof. Io the eveat anr los~ or damsge it suffered Mort~agor sball notify Mortgs~a of soc6 las or damage withia fo~tig6t (4i) boun aher the h:ppeniog thereof; the tailurc to gi~e such ootice shall consticute s default and tDe Mott~a- gee s6all hY~e t~e rig6b hercin given for all defaulb. 9. To permiy oommit or wffe~ oo ~+a~ce and to ~naiatain the impro~anmts at all tima in a ~tate of Qood repair :ad aoodirioo; and to do or permit M be doae to uid premises aothiag that will alcer or change t6e we aod chiracter of said propectr or ~n anr way impair or ~eaken tLc security of said mortgage. In cax of the refusal~ aeglect or iaabiliq of tbe Mort~aQot to repair and wainain said pmpe~, t6e Mt~rczagtc may. u ib optioo. makc soch npain or cause the sune to be made aad ad~ance monia in t6at be6alf which swm shall be sccured b~ t6e lien 6ereof and btar intetat at tLe nte of tm per crnt (10%) per annum. 10. To deli~er the abstract or abstracb of title co~ering the mortga~ed property to Mortgasee or in daiQnated~a~eat~ ~r6ic6 sball ae all tima. duriag tLe life of this mortga~e. reinaia in tLe poasession ot tLe ,~iort~agec aad in e~ent of the forecbaure of tLi~ aartga~e or ot6er transfer of title. all right, title and interat oE tAe Mortgagos ia aad to anr soch abaract or abatraeb of title shall pa~s to the purchaser or Qrantee. 11. Tbat ao Kai~er of any covmant Leran or ia tbe obli~ation secured 6ercb~ sball at an~ time 6ereafter be 6eld to be a Kai~er ot any of tbe other ttrms hereof or of tLe note secured heceb~. 12. T6at io order to ~ccelerate t6e maturity of the indebcedncn 6erebr secu~ed beeause of eLe fa;lure of ~Le MonsaQo~ co pa~ anr c~ aasa~mmt~ liabilitr~ obligatioa or encumbraace upon said prapeety as 6erdo pro~ided, 1t shall not be nece~saq nor requiute t6at t6e Mott~asce shat~ finc par che ,ame. 1S. T6at iE t6e Mort~a~or ~hall fsil~ aeQlect or refuse for a period of thirtr (30) days fullp and promptly to pay the amouno rt- quired to be paid br tbe note hereby secured or tbc interat theran specified ot aaT of t6e sums of money he~aa referred to or htreb~ ~ eured, or ot6erwise dul~. full~ and promQtly to perfor~n. e:ecute. compl with and abide b~ eseb~ every or an~ of t6e oovenanq. aoaditiow or atipulatioas of this mo~t~a8~ t6e promi:+ory oote hereby saured aa~or the oonrtructioa ban agreemmt, if any. tben. and in dtber or in an~ of soc6 ermb, wit6out aotice or demaod. the said aggreBate sum mentioned in said pmmiswq aote, tw previous pa~ments. if anr~ aod anr and a11 fUR13 1OtDtiODtd btKlp Of securcd 6ereb~ s6a11 bccome dne and pa~able foctL..itL or tLcrsafter at che ooatiouiog opt~a~ of tLe Moctsa~ee as full~ and oompletd~ as if said a~regate sums were orieiaallp stipulated to be paid at suc6 time. anrthiaq in said pnmiwory uote or herein to t6e contrar~ notv~itMtandin& and t6e Mortgagee shall be mtitled tLcrenpon or t6ereafter witboot aotice or demand to in- stitute suit at larc or in equity to mforee t6e righd of t6e Mortgsgee 6ereuader or under said pmmis~or~ nota Ia tbe event of any default or breach on the part of t6e Mortgagor 6ereunder or uader uid p~omisaoqr note, t6e Mortgaste shall hs~e t6e oontinuiag opcion to mforoc ~ I~~ pa~nneat of dl sums secured 6ereby b~ aaion u law or by suit in ~utr to foreclwe this moctYagq atLer or both, concurnady or a6erwi~ eq u and oae aetioa or sui: ~al! not abate or be a bu to or waiver of the Mortgagee's ri~bt to imtitute or maiotua t6e ot6er, pro~ided said Mort- gagce s6a11 6ave oaly one paymmt aad utisfution of said indebtedaa~. 14. 'ILat in t6e event that Mortga~a r s6a11 (1) oommt to t6e appantmeat of a recei~er, trustee or Gquidator oE all or a subtantial part~ of Mort~a~o~s a~~en, or (2) be ad~udicated a banlwpt ot inal~ent, or Sle a~oluntar~ pe~tim in bankruptc~. or admit in writins ib inability ro pa~ ia debes a~ thr~ become d~ or (3) make a~enenl s~aianment for tbe beaefit of ereditors~ or (4) file a petition or aoswa uekin~ rwreaaisadon or ~rrangemeot with crediton~ or to take advanta~e of anr imohwcp law, or (S) file aa awwer ad~ittinQ t6e ma- terial allegaaons of a petition filed aQainst cLe Monga~or in anp bantruptcr. reor~ani:adoo ~ inahency proceedin& or (6) actioa ~ball be taken b~ tLe Mortga~or for the purpae of effecting any of the fore~oin& or (7) an~ o~der~ jud~nent or decrce s6a11 be eatercd upon ~n applieation of a creditor or Monqagor br a court of oanpetmt !'urisdiaion approrin` a petidon sednns appointment of a raei~er or trustee of all or a substantial part of tLe Mortgagor's assets and sucL order. jud~aent or dectee shall eontinue umured aod ia effect for an~ period of tLirt~ (30) oorueeutire days. t6e Mortgagee may dalare t6e note 6ereb~ sanred fortDwitb dae and parablq w6ereupon t6e prinapal of and the interat ucrued on t6e note aad alt ot6er sums he~ebr xcured shall beeoaqe fortLwIt6 dne and pa~abk a~ if all of the said ~ums o~ mooer were originallY stipulated to be paid on suc6 daT: and t6eteupoa t6e Mort~a~ee wit6out notice or demaad ma~ proitcute a suit at law and/or in equitr a if all monia ~acuted 6ereb~ 6ad matured prior to ib iwtitutioo. 1S. That tLe Mortgagee or any person aathorised b~ t6e MortQa~ee ~Lall 6sn the riQht to rnter upon and impect the mat~ed premisa st all reasonable tima. 16. That sar sum or sums wbich may be baned or advanced by tbe Mort~a~ee to tbe Mort~sgot at any time wit6in tm (10) ~rcan fraa the date of this indrnture. toget6er with iaterat t6ereoo u the rate a~retd upon at t6e time of such loan or advanee~ s6a11 be equall~ se- cured wit6 and have the same priority as tbe original indebtednas and be ~ubjeet to all the term~ and provisions of t6is mort~a~e; prorided. t6at t6e aggregate amoun~ of principsl ouacanding at aay time ihall noc ezteed an unoont eqwl to oae hundred and fift~ per ceat (ISO%) of the priocipal amount origiaally secured herebs: 17. Tbat, if required b~ Mortgagte. tbe said Mortga~or will pa~ neto t6e Mottpsee, oo tbe fi~st da~ of eat6 aad e~ery cooucuti~e ~ month, a wm equal to oree-melft6 of the saaaal amount naenar~ to par a11 tua and asa~meub a~aimt the said mortgaBed premisa. said 1 raoot6ly swn to be atimated wlely by Mortgagee and calculated to be an aiaamt not la~ chan tLe amou~ of ta~ awca~ed i6aimt wd m°n' gaged premises for the previous year, and if furt6er rcqwred br Mortgsgee w pa~ all iasurana premiums in manaer sad form as pro~ided 6erein for the paymrnt of tasa and asseaunenb. lE. 'Ibat ia tLe e~cnt tbe loan w6ic6 this mort~a~e ~s ~i~en to ~ecore is made for tbe pnrpae of fiowdn~, atLer t6e ooo~truction of nevv buildin~s or tbe oonunxtion of impro~emrncs and/or additions to ezistin~ buildia~ ttie Mortpsor. if reqwred b~ tbe Mortga~ee. aprasly agrees to depo~it wit6 t6c Mortgagee or its daigoated ageot an amount of mooef equal ~o tbe diHereoee betwetn the net Proctedt of the bsa aad t6e total amount, a~ daermined by cbe MoreQsgce, «yvired to full~ :~pkte ~aid ooostruction in ~ocordaoa witti tbe plam and spaifications bcraofon submitted br eLe Mortga~or and appro~ed by tLe Mott~a. Said amoaat of monh shall be plsced b7 t6e Mortgagee in a"Loa~ in Procas AecounP' in the name of t6e Mortga~or, and t6e same ~hall be med b~ tbe Mortga~ce to pa7 t6e oab. ebarga and e:peasa ineurred in ooonection with said ooastructioo prior tu di~bumn~ of t6is ban. It is fuctLer agceed tbst in tbe r~eot uid coastruction i~ not full~ completed on or beforo tbe due stated in the Coostruetioa Loan A~reemcot or in tbe e~eot t6u the work on uid oonatruction s6aU cease before full oom~letion wd such casacion shall oondnue for t period o~ tea (10) da7s~ or-if snbatannd aon6n~wca Progras ahall not be made in suc6 coastrua~oo. c6en and in any such e~ent tbe ~aid asgregate su~ principal and interat, rneationcd in said : promiaory aote, and all monia secured 6ereby~ s6a11 become due and parabte forthwit6 or tLereafter. u t6e optioo of said Mort~aagee; and io tLe evmt of suc6 casarioa of work upon uid tomtnxtion for a pcriod of tm (10) da~s. or if subantial oontinuous progre~ ihall not be made in suc6 coostruction. a aforesaid. the Mortgagee may u ib optioa enter into aad npoo t6e mortgaged pranisa and eowplete ~aid aon- stroctioo ia tuch maaner as it deems advisable wicbout anr interfereoce ~totn tbe Mortss~or; t6e said Moct~aa~or hereb~ p~ies and 6randns to tLe Mortgagee full power aad autboritr to mate sucb catry iato and upon said mort~ed premius. to enter into suc6 aoatneq or ar- ranQemena as ma~ be neca+ary to complete said constructioo, and to ~pend an~ mooia ranainins in said "I.oans In Yroce» Aa~onM" and ia additioo anr sums of raoney naaaary to complete ~aid oon~tcuccioo; aad aa~ and all monia espendcd b~ tLe Mortgagee io oonnection wit6 suc6 wmpletion of rnnseruction in e~ess of the monies ia said '2oam in Praeer Acoount" ~hall be addcd to tt~e said prineipal debt ~od shall drsw iaterat at the rate provided in said promissory noee, and ~6a11 be setured br thi~ mortsaQe, aad thall be payablt b~ t6e Mortp~or on oemaaQ. ~ 600K~sz ~Ez3zs ~ . ~ ~ _ - - ~ ~ ~ , - ~ ~ - ~ ~ ~.H__ _ ~ > n. _ _ . ~ ~ _