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. .hall p.~ •11 «her w~s ph.ided a ba p.W b~ ~i~ Msnp~n~. .h•11 ~e~4~w. cw~~lr wkM ~ a`ii~ y ad~ u~ •
~ee~t tM wi~wl~~i.~ ~R*rrn~e~i+~ eosdi~kw. ~sd ee.e~a ~~id pw~ia~ ~ ui~ ~t 1~i~ ~es~. ti~a~ tbb ~ u~ IM
at~M Ae*eb~ nrued slnll ce~~e ~n~ b~ ~~II wia. .
ANO THE MpRTGACOR ~ec~ henb~ IMKhe~ eNe~uN ~s~ M I~lb~n:
l. Ti pq ~11 ~ad ~in~tnlu ~he ~rie~ip~l ~nd i~tenw .~d aher w.a .t wene~r Nr~ ~ ~+N ~ ~ N~~f ~
a~ d~~, ~a+R.~ .r ~uher. P~M~~ ew ~IK d.~. n.Pce~~.dr ...~..~.er:~~~ com.
t T~ p~Y dl ~nd sinRula~ t~.r. k.ien. liabili~ie.. ~b1iR•tiau and eecw~btaRet~ ~f t~req ~~t~n e~ Nid ~
~extibed pev{~e+t~. e~ch ~nd are~. ~rithi~ tbe ti~we ~pecilicd 1~ Par~R~~ph 6 belev. ~nd il the wa~e ~hdl not be Promptl~ P~id.
tb~ ~IaiR~~ce ~y. N u~~ liws eilhet beteee K dlet deliuq~ae~. p~~ tbe w~e ~+itheYt w~i~inR K dkNiwR the option t~ ts~e- .
dese. ~t ~u~ ti~tbt he+er~der ~~d e.a'f P~~t »~d~ ~11 bear une~at tl~ d~t~ thee~! a ~M ~~t 10 ~eroat '
~ ~a M~w~. ~ :
S. Ta lr~p ths boil:lia~s r~s~ x ls:ss3(trr „ a:3 3ar.~ r,ad t!u ~i:tnra s~d ~rrx~e! yr~s;zslT !l~mi~ ee~R:~~:~! !"~•-d,
1~ • ce~eMn~ x eompaaid ~pprored hr Ihe ~uertRaRee. ytaiw~t loe br (i~e ~ad wiad~torw. (K the hiRhat inwr~We ~~lue » . .
tbt the ~n~tRaR~r's int~rr~ i• not aul~jrcl te re-inwr~nK. ~~d ~he pliey ~t p~licies J~all M beld by ~nd be p~r~ble to s~id
~tR~~ee. ~nd ~he wa+~.iere ~Aall ha.e the eptiow t~ reeei.e •nd applr aid o~rnent e~ ~cco~~t o( the i~debtedeer hereb~ -
ucsred. e~ {?r~+nit the mortR~Ror ts tcreire er a.•e it. sr ~q p~tt thetco% (er ~nl putpa~e~ ~ritheut thereb~ nai~ie~ er i~
pirin~ ths equiy. lien er riRht under ~nd b~ ~iAne sI t6a ~nortpse and ~n~~ pl~es aaa p~l Ior we1~ jwwranu ~t ~ur put
tAeeed titAort wai~inR et ~f(eetin6 the op~iee ts ~eralus K~n~ ri~6t heteradet. and e~cM wKh p~fa~ent ~bdl be~r Mterat (tew
d~t~ ~t the n~e et 10 pe~cent per an~wN. .
Ti penait. eanmit. e~ ~rr~~ ~...vG ;~wc~~. ~b~sdonu~est. er deteriontie~ s[ wid rro~~. K an~ p~K ther~
~t. tad ~pon the t~il~re ot the ~lon~a~o~ te keep the lwildin~s •nd penoad pevpert~ os ~eid propert~ in sood eoedition or re-
pir. lhe 11IoHR~Ree mar demand Ihe immediate repair o( +uid prspert~. or ~s inerease ie 1he anounl eI acr~it~. er tbe ia~• .
wediate aparnent o( ~he de~M hereb~ ~eco~ed. ~nd the lailur~ of the 1liottR~lte? lo caaplr wit6 ,uid drn~~ed ot the ltor~t~see
fK ~ period o~ 1S d~yy. .hall con.ti~u~e a bre~ch s( ~hn MonR~~te. ~ad ~t the ep~ion ot ~he 111ortR~Ree. immedi~tdr a~uore
, tbe estire ~n~ount ot orineipd ~nd inte~est Lerebr tecoted. ~nd ~he UtonR.sce, in~med~.ielr ~nd ~ritlaut aotice. ~na~ hailitYt~ •
~execdiap te lo~edr.e this 111onsa6e ~ad aPPI~ (or the ~ppointa~ent of a Recei~c~. as hcteie~t~er oro~ided. .
_ S. Te pe~lorm. eompl~ with ~nd abide b~ e~eh ~ad e~er~ tbe ~tipr4tke~, ~~reewe~a. oo~ditioia. aed oe~eauta b aia .
*~abr~ ~ote and deed set kr~h. .
_ ~
• 6~ ~`e ddirer !e the l~tort6a6ce. on or ixiore Febrn~r~ i o[ eaei~ ye~r. t~= tectipb evidtncins ii~e pa~e~t ei i11 li++i~ilr
Lyesed ta:es upon tl~e mortRaRed P~oP~n1 tor the precedinR:.taknda~ re~r; to delirer to the Mort6~6ee neeipu erideneiet tl~e -
p~eab st all liens tor publie improrements ~i~hin Ninet~ t901 dars Jter the s~me ~hdl become due ~od pq~bk. iad te pa~ ~
K dixharRe rrithin l~inet~ (90) da~s altbr due date. ~ny ~nd all Ro+ernmen~al lesia ~hat ~na~ be m~de an the mortpsed
*repM~. oe tl?ia ~1lortaa6e er note or iw ~n~ othcr ~?a~ raullin6 fran the aaApse indebtedaes~ seennd b~ this Mottpse.
7. Te.pa~ dE ~nd ~in6ol~r the eo~b, charRes, and apeesa. ineludins l~.irper• ka. reasonablr incnned er o~id. at ~s~•
ties the 111oNpsee. becaux oi the failure of the AfortR~~or to patorw~. evmpl~ with and abide b~ eac6 aad e~ the~~tipa-
luioas. a~cements. coaditions ~nd corenanb oE s~id prwnis~ot~ sote awd this deed. er either. ~nd ereq wd~ p~~enent ~h~ll
~ar iaterest irom date at the rate ot 10 percent per ~nnum. ~
A. Tiut it an~ actan. or proeeedinR. .h.ll be eanmeoeed br an~ pe~on aher ~I~.n the holder of this sanRa~te (e:cept
~u aetiou to forcclose ~his eron6ase. or to colleet the debt aecured therebr) to which actioa, or proccedin~. the holder of tha
~uortEa`e i~ niade a partr. or in whieh it shall be~ome nece.c+a' to detrnd er uphold. tl~e lien ot ihi~ wat6agG a11 ~ums .
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paid b~ t6e holder of this matRa6e tor the expen•e o( anr litisation to pmsecute. or dekad. tbe ti6hb aad liens creaied b~
t6is aonaa`e tiacluJin6 reason~ble eoua~el tees)..h.ll be p•~d b~ ihe 1?torta.aor.lo6e~her r?ith intetr_t the~ron. ~t the r~te oE
. IO peocent per annum, and ~n~ wch enm. ~nd 1he interce~t thereon. shall be a claim npon s~id pranises. ~nd shall be deemcd to
ba secnred b~ this mortRs~e. 7he sn,ns p~id b~ o~ ineurred b~ the holder hereof in accordanee with the terma ot this pansnph.
•b~ll be paid b~ the ~(ort6~~or nnto the holder hereo( within thirty t30) d~fs. and the (~ilure or omi~sion ot the 1ltort6a6or ~o to do • ~
~ba11 entitk tbe Ntortsasee to add ~nch we~s W 1he priacipd indebtednas eE this mort~Re and the aote it ~tres. and/or at its .
' ~ptios deet~re thu mortR~~e aed the n~ta it ~ecnres ts 6e in deisnlt, thereupoa matnrins all of t!x napaid indebttdeee~ iecladia=
the wtms ad~anecd hereunde~. •
li 9 Tlut no e:teasion ol Ihe time or nadiliratan eI the leraa oI p~~nne~t hefein~bw~e. ~ad as tdeax o~ aoT put ot parb
~I the o~ortRaRed premix+,. eren thouRh u?ade wi~hout ~lie toaant of the FlortR~~or sh~ll rekue. rdiesr. or discharRe the
~ , ltertEa6or (rom the pa~ment o( ~n~ o( the sums hcrebY xcund hut in mch e~ent Ihe 111orIRaRor shdl nerMhCless be li~bk to
Da~ ~nch wms tecordinR to the terms ot weh e:tension or modi(ications nnkea µ+e~i(iedl~ teleased and dixharRed ie writias
4 M t6e lfertra~K_ ~nA (nrt6~rmerr_ t6~t ~te~ot~eee at e~rt oara~ent o[ an~ iesullment of ~rincipd or interest. ot bo~h. or ~E
ptt Pertorm~nce oI ao~ corrn~nt or delar tor ~e~ period of time in e=ercisin~ the optan to w~ture the eatirc debt. slall eot
pe~ate as • wai.er of the riaht to e:ecute wch oplion or act m wch de(~ult. pa~tial ~eceQt~nee o~ ~n~ wbuqnent def~ul~ ,
10 Until default in ~he pertona~nce ot lhe coren~nb ~ml aRreements eE this lltorta~Re. the 1ltortR~Sor shall be ea~itled .
N eolkct the rent~. Kwes. ~nd profi~s trom the p~mixs hereinbe(oro deaeribed. but in ease o( • det~ult in an~ o( the tenns et
Ihis ~fortRaRe. or the tilinR o( a bil) to forr:la.e tha or an~ ether mort6~~e eaenmhc~in~ the ~+ithin deseribed propertr. the '
MertRa6•.e ih~ll immcdi~tel~ and without aotice be cnti~led. u• m~tter ol riRht. ~nd without reR~rd to Ihe ~a1ue e( the premises.
K~OIKAt~ Of I~v?IrMC~ o( the partie~. to ~he ~ppointment o( • Receiret o( the mort6aRed propert~. both real wd penond. ~nd
~ the rent~, i~ne~ ~nd pro(its th~rco(. with the o.wd power ot Recei~ers in wch caxs, and aach Recei~er ena~ be continucd
iu yosx+sion o( the said prvpert~ ontil Ihe time ot the wk ibereof. rnder wcb foree{owre. aed ontil t6e eontirm~tio~ et w~cl~
sak b~ the Coun. -
11. 1( fnrcrloaure procetdin~ dauld he inNituled on •n~ nwrlR~Re intctior lo this mortRa~e or il an~ [oreelasure pro- ~
eetdie~ i+ inatitut•d on an~ li.n of anr kinJ. the na~R~Rre m~y ~t it~ oplioa immedistel~ et there~(ter decl~re this mortR~Re
~nd Ihe ind•bt.dn.« vr~red henbr. due ~nd p~~~bk. !I there is ~er n~ort~~~e ~uper'wr to Ihi~ monR~~~. then Iailure to P~~
Ni~! moARaRt wh•n due ~nd in K~onl~nce Mi~h its t~rn~.~ or f~iluK to d~ide br the lern~s o( wid nwrtR~Re shall be deemed •
breacl~ ot thi~ monR~R•. ~nd ~h~ mortReRM: ~t i~s optien m~~ imnKdia~el~ or theredter deel~~e ~his mortR~`e and the iadebtedneas
i~eret,~ rfur~d du~ ~n~l ps~~Lle. Anr malilir~tan ot ~n~ 1norlR~Re wperiM lo Ihis murt~~Re K r+~irt? o( •nr pria~ipd ot inlett~l
N1~u ~~n~ nMe or mertR~Rs Ruperie?r to thu ~nonR~Re ~h~U be dre~wed a bte~~h o( the terim ~nd toren~at~ ot this mertR~~e .
~sd the mortsaR•e h•.r.ol nu~ •t it~ op~ion declaro thi~ mort6~Re and the iadeWedae:s rccured hereb~ dYS and p~r~bla
~ II. Th~t ~be m~ilinR oI • rrriuen aotKe o( demand. ~ddre~.ed to ~hs ownn e( record e[ the mortR~6ed premises. dirccted
N the said oNn.r u the 1~ •~IreM ~c1u~11~ (urni~hed to the AtohR~Ree. er dirccted to the wid o~rner ~t wid wort~~Rcd ptr
wi~. ~nA m~il•.d b~ the United Sules m~il~, ~hdl be w(ficiewt netiee ~ad deen~nd in ~a~ eus atinjn~ undet Ihia in~tn~me~t u~d
f~ired bf ehe prefi~ion~ heteol or b~ I~~r.
13. Th~t in the t~ent the 111MtR~Ror ~hould a~+iRn the rcnu oI the mortR~Red premi.xs or ~n~ p~tt therto( ~rilhout tM
tonvnt o( ~he MnnR.Rro, then the entire princip~l wm ~eeureJ hetebr ~h~ll. ~t the option o[ 1he A1onRa~ee. become imaediata ,
1~ dw ~na py.l,l.. , .
14. T~ tM .~~.nt of the ind.l~te•lnh~ of th~ MnnR~Rer lo tlue 111or~R~Rir de.eritKd h~rein ar ~~urrd her~br. ~he ~iortR~~ee
1~ h!rr.hr snf~rnR~t.d to the li.n er li~n~ ~nd lo tl~e ~iKht~ o( IMw ewn~n ~nJ I~ol~l~n Ih~rro( o( ~~cl~ •nd e~~n awr~~aRe. li~n ot
e1h~r encumLr~nce nn ~h•. I~n~l de.cril»d I~~rein which 1~ p~id •nd/ot wti.tieJ. in whok or ia p.n~ out o( Ihe procte~b ot Ihe lwa
dev:riFrd h~r~ie o? ar.ur~d h~rel,~. ~nd Ihe tnipr~li~t lirw~ o( ~~i~l maHK~Rt~. IirnR,o~ WIK~ tacumlK~n~e~. ~h~ll I~e ~nd Ihe ~ame
~n~ r.~~b ol Ihnn h•r~l.~ a prwn~•l ~nd ~hdl p~r to ~nd be helJ b~ Ibe AtonR~R~r. hrrein xcuri~~ lar ~I~ ind~IN~.lo~a. to tIK
MnrtR~R~e b•r•in .k.rr~lwd or her~l~T .re~re.l. to the M~we ~a~ent Ih~t It ~rou1J h~re 4ccu pcesrrfed •nd wauld hare Ircrn p~~sed to
~m! h••n h~l~l b~ ~M Mo?~R.R~c h.d i~ Ix~n dutr .nd nR~t.rlr .M~K~ed. tr~n~(erreJ. ~et oret Rad doliteted ~mo the alohR~Rte br
~nte ~J?~d e( ~aiRnm~nt nolwi~hN~ndinR Ihe bct th~t the ~~~ne ~uq bs ~+~wfieJ ~aJ e~aeelkd o( ree~~. (t bainR 1M iute~lio~
~t ~he r.ni.+~ he~ne ~h•i ih~ .~.w will I» .u1.(i~d YJ O~IIbII~ ~I 1'~CM+d Ir~ IM wl~Mt~ tINtMI ~t K~bM1t IM If1M ~I tw
rw~rdlu~ ~t thw M~rtpsa .
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