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. s~ .ti.~~ p.~ .tl w~ N be p.w b ~s. ~t«+s.Rw .h.n ~r~e~+.. e..~r ..aw .~ta. b a~ • `
il~e Mi~wl~~au~ ~~nrn~t~ to~dNi~ ~~d e~u~a d Nid ~hwi~~ MN a~~ ~1 tlw deer. thaw tbM dee~ ~ tM ~
aul~ 1?e~+rb~ e~c~ted +J~~11 cea.e b~ ~dl a~a hir. • f
AND TIIE MORTGACOR ix~ I~eby h~Khet c~~ ~e~ ~s~ee M l~iM.~n: . E
' l. Ti M~ ~11 ~ed ~~lar tM p~ineip~l ~~d ~~~raw ~nd ~her w~ ~t wewe~ P~ribl~ bp ~ktw ~I Ni~ N~wiwe~ ~Nt
~ tl~a we~t~.~ ~t ci~her. powPtl~ vu tM d~r rapc~c~irsl~ ~he w.M ~all~ ee~ d~a
2. T~ p~T dl and ~is~ul~~ t~~n. aa.n~.mest~. 1'~ies. Ii~bilitiG+, ~bljR~tan~ and eeeeadKaeee~ ~ ~req ~a~~n M Mid ~
~eseribrd pie~ert~. eaeh ~nd e+en. ~rithia ~I~s tiwe ~peeilied i~ P~ra~traph 6 belo~r. and i1 the wme ~~II a~t be oroisPtl~ P~id.
tM MertRytee ~n~~. N is~ liwt eitl~et belere er ~(ter deli~qre~e~. pq Ibe wme will~oYl w~iainR K~f(ccliAR Ihe eplion t~ tNe- , ,
do~e. K~~ ti~bt i~eo~det ~~d e~erf Nl~~t ~e ~~de ~haU be~r aterat Ieew tIK ~t~ t4ensl at tIN nte ~I 10 ~oa~t '
~ ~a ~nrw. ~ -
T~ 4eep tUe b~ildinRS ~ea er Utreatter e~ aW laed a~d the tiat~ra ~~d perssad ~eoett~ the?ei~ e~ntainea Inw~ed.
a• cem~.~~ er ~o,.~ .~~~e.~ b~ u~ ~e~+~.Rre. ~Rais~t las br [in ~nd vrindstorw. ~er tht biRhat ins~~~ble ~alus w . •
tMt IAt mon~aR~r. int~rrt i• nM ru1~jK~ ts re•iRwrann. aml ~I~e plie~ K polieies dwll be held br ~ed !,e p~r.ble !o wid
w~tp~ee. and ~6e wortR~Ree ~hall h~~e the op~ios ~s reeein •ed ~pplr aid ~~nneut os ~eeouat et 11~e indcbledn~ heteb~ .
~ttoRd. e~ prnnit the a~orlR~Rot to reeti~e o~ u*e it. er ~n~ p~rt tl~ereof. 1ot ~nr pnrpe~c~ wilhont ~l~e.ebr ..•~~i•s er iaa
pairin~ tlis eauit~. lien or ri~At under and b~ ~i~tae d t~is ~aat~s ana mq pl~es ~nd p~~ tor weh i~wneet ~t au1 P~ '
lhetsel ~rithoal w~ifinR et affeclins Ihe oplien ts ~o~eele~s ~t aa~ ti~bt Aeter~der. and e~ci~ wcb pqn~e~t thall bar intete~t (row
~~t !he nte ef 10 prrcent per ~~ua~.
T~ pennit. canmit. o~ saffer no ~+~vG nnpainnrnt. ab~ndona~eat. or deteriontiee et a~d p?e~~y. er an~ oart thert
~1. aua tipos tAe f~ilure eI tlie M~6aRor ts keep ~he buildinRs ~nd pe~ond poopety on Kid Propert~ iw ~ood toadities et rt-
Mi~. tbs Mort`~Ree au~ d~m~nd the unmedi.te rep~ir o( ~.id propert~. or ~n inerease in the ~mouat e~ ~ce~rit~. or the ia~-
~edi~te tcp~~nent el t6e drl~t herob~ ~eenred. ~nd ihe lailure el ths 11ionR~Ror lo eompl~ with wid de~~ed ol the Nert~~see
tK ~ period ot 15 day~i. ahall eonnitute • bre~ch et ~his 111ort~~te. ~~d ~t the eplion o~ the [?torlR~Ree. unmedi~telr tnuute
the e~tire amount et p~ineipal and inteKrt hertb~ ~ecored. ~nd the MortR~~ee. i~mnediatelr and ~+ithont aotke. 1~~~ ia~titate •
~ ~f+eceedinp ~o ~oteclo!e this 111ort6~se ~ad appl~ tor the appoinla~ent e~ a Receirer. ~s haeiadtet proridtd. . -
_ S. T~ perfo~n. eo+epl~ aith ~nd ~bide b~ ac~ ~nd erer~ the aiprlatios~. ~~ccewnt4 teaditioia. u~d ~o~ena~b f~ wia
~i~oq sote ~nd dccd set (or~h. .
~
• d. 3e &iirer ts the ~iorlRa6ee. on or i+eiore ~ebruan i oi ea~~ ~r+~ar, ti~ r~ipts ~vi~scin~' t!~ psTa~tat s[ sl! Isw[allr
Lposed u:es upon ~he monR~R~d ProP~I (or ~he preccdinR calenda~ peu: to deli~et to tl~e Morf6~6te receipb eridencint tha •
Npseab et dl liens for publie impcoreaients ~ri~l~in Nine~~ 1901 da~s a(ter the same ih~ll becase due aod pqable. and ~e pa? !
~t dixh~ryte ~ithin l~inet~ t901 da~a ~[tb~ due date, aar and all Rorernmentd le~ia that au~ be m~de en the mata~icd
~npert~.~os t6is 1~1or16a6e or note or iu ~n~ otF~et ~ra~ tewltint (n~ the ~asApse iedcbtedaes ~ecrred b~ lhis Mortp6a
7. Te pa~ ~11 and sin6nlar tl~e eost~, e6arRes, aad e:pea~a. iecladin` l~wrer• kea. reason~bl~ ineoned er paid ~t aa~' .
ti~e b~ the 1lfortaasee. becanee oi the (ailure.ot the l?tort~Ruc te perton~. eomplr ~rith and ~bide b~ uc6 ~sd e~er~ the uipw
laties~. atreea~ents. eonditions •nd corenanis o( aid p~vmiaor~ sete ~nd thia deed. or either. ~~d srsrf w~ch W7'meet ~haU
ie+~t intarst Irom date u the nte e[ 10 perecnt per annum.
d. That i[ ~n~ adion, or proceedinR. shdl be canmeeeed b~ an~ pe~aoa other t6ae the belde[ oI tha aart~~Re (c:eept
~u ~ctas to iorcclose this moirtR~se. or to colleet ~he deM seeurrd therebY) to which ~ction, or proceedins. the i~oider of tha
wortEa6e b ~nade a partr. or in whieh it ahall l+erome aececun to defcad. or uphold. the lien ot thi+ maiR~Ba all ams .
oaid b~ the I+older o( this mort~aae (or the expen~e o( an~ litisation to p~osecute. or dekad.- the ti~thb ~nd liens enated br
tL'a aortpse (iatludln6 reasonable couesd (ee~). ~hall be p~id b~ the 1ltatsasor. to6ether with intenat thereon. at tbe nte oE ~
. 10 ~erctnt per annum, and ~n~ wch snm. and 1he interee~t theteon. shall be a elaim apon said pteanises. ~nd shall be deemed to }
bs secured b~ thu nar~ga6e. ?he swns pa~d b~ or incumed b~ ?he holder 6ereof ia «eordance with the tams of this p~nanpb.
s6dl be p~id b~ the ~iort6a~or nnto the holder hereot wi~hin thirtr (30) d~Ya. and the f~iture ot omi+3ion ot the i?tort6a6or so to do •
r6a11 entitk t6e Atoets~6ee to add wch wau to ibe priseipal i~cbtedoas of ihis enort~~a and the aote it iecnres. ~ad/or u ia
'~r' - -J .t~ ~ .r 1.~ i.. Lf~..L d.r+..wnw s~~nriw~ ~11 s~ f~ UflMid NIdl~d~A!'r ~RC~Yd10t
nr~wr~ vca~oc ~nas w :F:p:. G•.v ..w _ ~ ' •
tbe ~oms ~dr~need hertunde~. •
9'th~t no e:teasion ot the time er awdific~tion of the tenb et pa~ent hereia~bo.e. aad no relta~e ot anr P~rt a* Part~
~ ~1 !he nortRaRed prcmix+. eren thouRh m~de aithout the con..ent o( the Utort~ta~or shall release. reliere. or disch~rRe tLe
f . MortEaaot traa the parenent oI ~n~ ot 1he wms hereb~ xtroted hut in wch e.ent the 11ioMR~~ sh~l) ne.er~h~less be liabk to
t Pq wch wms accordieR to tht ~erms ot such e:tension or aadific~tiuns unlns ~+eei(icdlr nleased and diseharRed in wtitia6
~ the ~tortRaRre: ~nd (nrthermore. thu acceptance o( p~rt p~Tment ot anr inslaUment of prineipal or interest. or both. or ei
Oart perfomunce ot an~ co~~n~nt or dcl~r tor ~n~ period o( lime in e:erci+inR the optan to matnre the entire debt. shail nat
pente as a w~i•er of the risht to e:ecute wch optaa or act an aoeh detault. partial accept~nee or ~n7 wbeequent def~ult
10. Until de(~ult in the per~orru~nce o( Ihe coren~nb ~nd a~cew~eats of this 1ltort6~6e. the MonR~~r shdl be entitled
M collect the rents. ~wcs, and profiu (rom ~he p~rn~+n hereinbe(ore dneribed. but in ease o[ • drfault in an~ of Iht ternns oi
tbq ~tottRa~e. or the filinR of a bill ~o (orcc{o+e thin or ~n~ other a~wtp~e taeumhe~int the within deseribed prope~tr. tbe
MoARs6•.e shall immedi~tel~ ~nd ~ri~hont notiee be entitled. as • m~lter o( tiRh~. ~nd without reF~rd to the fdne o( the prcmises.
~r al•eac~ or in,nl+~mq oi the p~rtie~„ to the ~ppointn~ent o( • Receiret ef the morts~6ed propenr. botl~ nd ~nd penond. ~ed
the nnta, iseues ~nd pro(ib thereoi. with Ihe uand power o(' Recei~ers in suc6 eases. ~nd weh Receiner m~~ be eoetinued
~ oo~e+sion of the s~id propat~ ontil the tune et ~he ak tbereot. rnda wch torecbwre. ~od ~ntil ~tbs eonlirnutio~ oI ~ncl~
MIe 61 the CouR.
ll. lt forerlrnure proccedin~ slr~uld I~e imtiluted on ~ny w~ort6~Re in(erior lo this InotlRaRe ot iI ~n~ ioteclaewte pto- ~
teedinR i~ in~ti~ut.d on ~n~ litn o( ~n~ kinJ. lhe narlR~R~e a~~r at iu o~tion immediatelr er Ihere~(ter decl~re this wortR~~e
~uA the in.Ml,~•dn~v~ vrured ht?d~r. dut ~nd p~~~ble. I( thero is ~n~ meir~~o~e ~uperior to Ihis mort~a~e. then failute W Mr
wid e~orlRsR•. nc~n du•_ ~nd in ~econl~nce •i~h it~ 1~rna ot f~ilurn to d~ide br the Icnn~ oI aid n~ortR~Re ahall bt deemed •
breach e( d~i~ morlR~Re and tM mor~R~R~~ at i~s op~ion m~~ immnl~~tdr or theredter decl~ro this ~aorlR~Re ~nd the indebtedna~
i~ereb~ rsur•d due ~nd pa~~f,le. An~ mrnlificHan ot ~n~ InorlR~Rt wperior to lhia merlR~~e ot n~i~et oI ~nr prineip~l or intere+t
j~~nn•.nu on ~n~ nnte or motlR~Rt ~uperier lo lhi~ mottR~Re ~h~ll be detmed a Mreach ot Ihe terms and cmren~n~~ of this aart~~~e .
ud tLe ooR~~6•e h~r :of m~~ ~t ib option deelue thia mortp~e and the indelitedeea ~ccLrod bereb~ dns ted parable.
~ 12. That the m~ilinR ot • rritten nwice o( demand. ~ddr~ed te the oraer eI mord o( the mortR~6ed premise~? directed
M the wid o..eer u th., la~t addre~ ~c~u~llr furni.h~d to the I?iortR~Ree. er directed to tl~e aid owner at s~id twrtR~Red pre-
wi~e~. ~nd auikd br th.. United 5t~tes m~ib. ~hd! be wflicitat no~ics ~nd dem~nd iw an~ ca~s arwjn~ nadet this inNtrment aad
t~eqeired b~ ti~e Pre~i+ion~ htreol or b~ I~w. , •
13. 'Ihat in the erent the 11t~?rtR~Rer .hould a~.iRn Ihe renis o[ the mortR~Red premi.ws or .n~ p•n ihereo( ~+iihout the
toa~ent ot ~M MnrtR+~Rce. then tF~e entire priacipd wm Keuted hercbr ~h~ll. at the opl'an o[ lhe 111ort~~~ee. become immedi~tr ,
1~ dw_ ~nd Pq~blr. -
14. To tlw ~zlrnt ~f Ifie io.l~l.lc•lnr~ of IIM binrtR~~cnr to 11a~ 1ltortR~~er ~e~erilKd h~rtin or ~ecured hetth~. the diottR~~re ~
b b~r•b~ sul~rnR~trrJ In IIM li•n ~r lirm ~n~l to ll~e tiKh~~ ol lhe e~wm'r~ ~nJ holJe~r~ tlKtro( o( ~sch •~J ereR a?or~K~Re. lirn o~
NbN enrumlu~ncr en Ibe (~n~l dr+erilwd h~~tin whirl~ f~ p~id ~nd/or wlia(inl. in MIWI! Of ~R N~~l~ ou1 0( Ihe pra'te~b ot Ihe Iwn
d2r.riMd Mr.is e? re:ured h~reb~. ~nd 1he re+pe~li~e lirn~ o( ~~i~l motIK~RM. lirn~.er Mhrr tncumlK~nte~. ~h~ll be ~nd Iht ramt
~nd ~~~h et IMm b~r~l~~ is pt~vn~d ~11~I ~II~II p~Y 10 ~111I IM IMI~I In lll0 AIOfIR~RM I1t~l/11 a11 lttMflly ~Of IIM ItIfIfINt~IM1lt 10 IM'
MnrtR~R~e Mr•in ~+rrif~d or hereL~ wcured. to tl~e ~~ne ~a~~n! Ih~t it worlJ h~re bece presrr~ed ~nd ~.ould hare beee passrd to
uMl Ir•n FNId b~ lh~ Mor~R~Rre h~d it IK~A dul~ ~nd KR~I~rI~ ~Mi~caed. tr~n~let~eJ. ~et wer ~od dclitered ~nto the aloAR~Rre 1y?
~a~~lt d?•d e~ ~~+iRnm•nt notwi~hM~ndinR ~be bel t6~t the ~.me wy bs w~i~(ieJ a~d e~neelkd ~f rte~td. 1t beinR 11w iuteMioa
~f ~he ~~rtin hcnte ih.t ~M Nw~ wlll I» wbtMd ui a~tell~ d ne~d Iry ~M 1»Id~s 11~erMi s1 ~t abi~M 1M tl~w ~I tLi
nn~a~ .t tbM M.KpRa .
~ 600K 20~. PAGE ~04
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