The URL can be used to link to this page

Home My WebLink About0831 ~ a 7 ' • L. ~for the full insurable value ?o kNp tl?s puqdint anA ali epuiDmaat and perional pmperty now or hereatter on raid premiaes, eavered by thfe Mo~tgaRe, lnrund apla~t lo~ o~ dama e pr tlre aad ~ucA othe~ lasuraDle perili a• tAe A~aoclation ehail [rom tfine to tlme reQUtre. ~j~~ ~~(~x~(Ii~~l~lOl~~dDXe. b~ s companY or companie~ u~d through aa aRency ~atisfactory to the Aspociatloo. ana ~3i or tio~relu -~Tial •~-~'6~ the Aswclatloa and ~hall pear a~tandard New Yotk mortRBgee clau~e wlthout cootributton. makN~t 4~~ loN usd~~ pld po 11cIW payapls to tbs Aawciatlop as mortsasea u fts Interest mwy aDP~ar; and 1n tAe event aay iumi ot aoa~r Ncom~ ~a y~bl~ uader ~uch polic~ oe policies, ths Asiocf~tlod ahsli Aave the oDtlon tu re~etive and apply the same oa aceouAt ot th~ Indabt~dAeaa berep~ secured, oi to permlt the mort~aROr to reeelve and use it, o~ aoy part lhe~cot, for other purpoa~~, without tL~nD~ ~ral~ia6 or ImDaltins anr eQU1tY. Itea or tiBht uader anA br virtue of thts mortgage: a~d In the eveat the mort~p r doM aot oomDiy wlth ti~li co~enant, tAe mortSasee msY D~~~ ~pd Da7 tor such inaurance, or sny paR tAereo[, without w~hrles or aK~etiu~ th~ optloa to Lorocto~e, oe any rtsht henu~dsr, and every ~Yment w made ahall Decome Dart ot the ladeet- ednu~ Neue~A Dr thi~ mort=at~, and ~hall bear Intera~t t~om the dats o! paY~ent thereot at the rate pwvlded in the prowlaaory • aob Neur~ ~~»D~• aad ~~~r~ pariaaat w mad0. ~d iatereit thenon. ~hall Ds repald by the mortgaRor to the Assoclatlon in ~YCb 16WD~P Y L~ AMOClaL~OY ~h~ll T~Q41M amc~c~xtn~exio~,~K~cr.~oc,~caaebx~e~~ocw~oootyoaht ~'~~5~~[?~~~#~~~~~~ ' ~~°~t~C`~t~~c~~'~'.1t~C~kY~P~c~X~~c~~!' u'P,~'a'°x~,.a~ ~ ~ `~'Z~l~k~'R'Sck'~cx~~X~ki~R~ ~+~xk~tx~t~ltx ~c i. If tL~ mortsator ~all ba~e auitned or can~s to be awt~nad to tbe Anoclatton aow or hsreatter aa7 ~ollc of life lnaur• aace u addltlonai Nenrltr !or tM IndeDt~dneM ~ecuted br tbU mort`Ke. th~ mott~ or a~ree~ w l006 o~w1d tedebted- nes~ r~m~tas wPala praa9tl~ to Da7 all premlum~ oa wid tnaurance when tb~ wne Deoome due and pa7able. and tt ths ~ame ~h~ll ao! M yalA promytl~ th~ AMOCf~tion ms~ pa~ the wme wtthout waf~fnt oe attectlnr We optloa to forecloss or wr rlsAt henusA~r. aaA ~~~t~r y~rment ~o ma~~ ~hail Decame part ot tAe fn8ebtednea~ ~scared b~ tl?1~ mortgata and shall bear foten~t irom th~ Aat~ ot pa7m~ot Wsr~of at the nte Di'o~~deA In the D~atmlpor7 note ~ecured hereDr• md every yanneot eo enada and fnb+wt t6~e~oD. s6a11 M r~yaM D~ th~ mortaa~or to tLe Auoclatlon in sncb manner u the As~oclaUoa ~A~II reQU{re. falln~r~ ot tM mot~t~a~mor~ to tDe bu If dlns~ o4~~ald propirt~fo~~o~od ~eondl~tdloa of r~epiirT the Au~lat~fon~mu dema~i~d t~s ienm~dfab r~palr ot ~aM bufldl~ or an lnereaas in ths amouat of ~ecuHt , or ths Immedlats repapment of ths dabt herepy ~s- earsA wd t!N laflur~ ot th~ mortpsor to comyl~ with wld dsauad ot t~e Auoclstlon tor a peHod of thirt~ (i0) dar. ~~11 consHtut~ a DrNeA o! tbla mosttass, ~nA at the optlon ot the ~1~Uon, tmmediatetr mature tl~e entlre amouet of prtacfyai and iabr+~t MrrDr a~wr~d. anA lmmedlatel~ anA wltDout notfce, tbe ~Woelation ms~ lnatltuts broceedin~~ to toreclose thli mort- mortt~i~ b D~ to as~tta n~oo~m~DUanos w~t61it6t ~sr yro~lded: and tAs Awoclatlon ~hall ba~s the r1~ht to iniyeet tL~ 7. To y~rlotm, ooopl~ wlth Rnd aDids Dr each and esety t~s atlpulntfoa~, ~reements, condltton~ and co~enanb tn said pmm- 1YOt~ DON sOA tIIla 140lt~~~ ANd Nt forth. ~ tt aa7 of monq Aerein refernd to De aot promDtlr ana tuii~ va~a ..unin thirt (t6) day~ nezt after the ~ams ~s~~nUy ~eom~ dn~ aad paTapla or 1f e~ch snd a~erP the ~tlDulatlon~ atreements. coadltions, an~ covenants of safd promlewt~ not~ ana tbb mort~a~ oe Nthsr, ars not au~r DeKormed. complled wlt6 and aDided by, t6e aSaregate sum mentloned in ~ilA romis~ory eot~ aha7l ~Mcom~ dns snd y~r~ble torthwith or tbereatter +t the optlon of tAe Assoclation, as fully and completel7 u ~t nW a~ate ~um of monsr wu oHSinW~ ~ttDul~ted to be patd oa ~ucb dar. anrt~lns In s~1d Dromiswr~ note or Lerein to t6~ ~r..w w~.f~IN..tlawAlnf_ ~ ~ - It f~ fnrther oo~~nanteA and a~reed b~ ~aid patties tLat fn tha e~ent ot a suft beln~ in~tltnted to Ioreciose inis mvris: e. 4:e Awoefation ~all bs ~Atltlsd to spDl~ at anr tlma pendfos ~ch toreclo~ure sutt to tAe court D~vlns iurisdlctton thereoi ~or the ~DDo~ntm~nt of a real~er of all and ~in~nlar the morttated D~penY. ~nd of all the rents. lncomes, proftts, iuuea and re~eaue~ th~no~ irom wh~,t~w~er aonra d~ri~cd: and therenpon it !a ~ereb~ e=D*~~7 rorenanted and aRreed that tha court ~hall lortbwith appolnt ~ r~v1~~~ of wld nwttsapd proyertr. a11 and ~fo6ulu. and ot ~uch rent~. Income~, proilti, Wuea aad re~enue theraot lro~ what~os~~r ~onre~ Qsr[~~d. wttb th~ naud powera ~ad dntlea ot recetva» in ltke caae~: and such appointment shall be made by ~uch conrt a~ a matter ot ~tetet rf~bt !o tbe mortsasee, fb woceiaor~. legal representathes or asaigas, and wlthout reterence to the adpwcp or faade~nae~ ot tbe ~alue ot tbs Droysrt7 hareb~ mortsased. or to ths soivency or In~ol~enc~ of the mortsator. ana tDat ~ucs r~a~ yrotft~. lneom6 iMnp and re~eaua ~all Ds ayDlled b7 ~n~ ~1~er to t6e parment oi ths mortsase lnaebtedna~s. cwU aad ebarta~ acooMf4s to tb~ orMr of ~uch ~nrt, )Giba DQJC~Jf ~ ir~i~r ]6~i~~$~]bYai~fi(i~1K~itQ ]biit@4~C~ ~Jali~lNWX 1L 'Phat ia the a~ent tL~ p»ml~es hereD~ mort~e0. or aa7 $a*t tl~ereot. ~all De condemned and tal~en for Dnbltc w~ under tU~ Dower ot emlaent domalo, the .Assoel~tfon ~hall h~~e cds tisht to ~aand that all A~m~es awuded for tbs takins oi or dam~s~ to u1d premisu ~hall De pald to tDe .Aiwcl~tlon ny to t6e amouat then anpatd oa thU mort~s and at the oDtton of the .snwctatloa ma~ be ayplled npon the Dqrment or p~Y~aeoU lut ya~laOls thereon. 1=. Ths mortsasor binda lUmself not to er~ct or permlt to bs ~rected an~ new buildlog~ on the preml~ herain mortsa~ed or to add to or pertnlt to ps added to anr o[ t6e existing impro~emmta tbereon or mal[e an~ c6an~aa or alteratfon~ 1n Mid 1mD~~~IDenU wA1cL materi~llr chan~e the aame or tl?e use thsreof, witAout tAa wrttta~ consent oi the /1~wcirtlon, and in tbe e~eot oi an7 ~iola- tl~~ or attempt to ~lotate thir Kiputation thU mortp~e and all ~o ms ~ured hereby ~hall Immediatel~ becoms due wd collectlble at tDs oDtton oi ths As~ociadoa - ll. It L~yecltlcallY s~ree~ that tlme t~ o! tDe esaeace oi tbt~ coutrut and that no walver ot an~ obliptfon berevnder or oi the oblf~adon ~ecured ber~b~ aAall at aa~ tlme bs hald W Ds a wd~er of the terms hersoi or of tde initrnment secured 6srabr. 24. It foreclo~nra ytoceedles~ ot an~ ~econd mortsaas or ~eoond trwt deed or an7 junfor llen of anr klnd ~Dould De io~tltuted. the AssoclaUon ma~. at lL oDUon. lmmedl~tel~ or theraafter declare thla mortsaie aad tLe lndebtednw ~ecured h~rebr due and ya~able forthwlt6, and ms7 ~t !b oytlon prooeed to foreciws th1~ mort=a=~. li. To the extent of ths fndeDtadneu ot the mort~or to ths V~ocistlon da~cribed herela or ~ecured hereb~ the As~oclatton Ir ~erebr ~ubmsated to the lten or ll~n~ and to the rlihts af ths owne» and h ~lden thereof of each and every mort~~ 11en or oU?er lneumbranoe~ oa tDe land de~crlDed berefn wbicb 1~ pald or ~atts[led ln whols or la part out of the proeeeds ot t6e loan ds- ~crlbed heretn or iecured der~ebr aod tLe re~yec~ire llen~ of wld morts~e~, ilen~ or otber incumDrance~. ~hall be aad ths ume anA each ot them berebr la pies~ned and ~LaII pus to and Ds held by ths Assoc3adoa hereio aa ~ecurit~ tor the fndebtednes~ to the A~roclatlon bereln deacrlbed or b~reD~ ~ecur~, to the ~ams e=tent that it would b~~e been D~~~ ~4 would have been pawed W and Deea held br tLe Auoclatlon had it been duly aad retularly as~ttned, tran~terred, ~ei orer and dslf~ereA unto the A~aocfatloa b~ separats deed ot wisnmen~ notwitlutandlot ~e fut that tUe wme may be saUdled and cancelled ot record, It Defns the Inlentloa ot the psrtles beteto that all prlor eocum6r~aces w111 De ~atistled snd cancellad ot recorA b~ t6e bolder~ tbereoi at or sbout t6e time of the recordin~ of thL mortsase, but that tLe Aa~oclatlon w111 nevettheles~ be subropted to the llen~ there- of u heretnabove Dro~lded. ~ iR To par a"tat~ c6u~e" of not less thanil0.ooand oot more than lZ~: of an~ lnstallment pa7able bf ~frtue oi tbe ~afd yrom- lssorr note or anrya ~m~ot r+QUlred to be mads 6enunder wban sald lnitallment or pa7ment 1~ not ystd wftbis 10 dar~ after th~ dus d~te tliereot. the amount ot '9ate ebar~~" to Ee determlaed b~ the ~~socfation. 17. Topa~. aU snd dn~vlar !6e coatai, charjea anA e=peasea, includfn~ Law~ er's tee~, reaaonRbly lncurred or pafd at an7 tlme by ths Aas~clatlon, becau~e ot tbe f~Uuts of the mortsasor to perfotm, compl~ with and aDide by each and e~err tLa ~tlpulatlons, agrtements, conditloa~ and co~eaaata of stld promlworv note ~nd thls deed, or eft6er, aad e~er~ ~ucL Da~ment ~Lall beu intere~t trom date at the rat~ bourn~ by ths prlncfpal Indebtednes~ ~ecured hereb~ 1R It is atreed that tl?b mort~aie ~hall ~scnre an~ fature ~d~ances made by the A~socfatfoa to the mortsaaor at anr tlme wlthln twentP (!0) iear~ tsom the date hereof to tbe wae estent u it such future ad~ances were made on the dste ot the e:ecutlon ot thl~ mort~ase; pso~ided, nowe~er. that the total uoyRfd b~iaoce ot the lndebtedneas aecund b7 thi~ mort~ate at anr one time ahall not ezcecd L IDLIImIIm pilqClpll amouat eQual to 200 per cent of the prtncipal smount orlglnally aecured hereby, plw Interest on such naa:Imum prfaclpal amount aaA m~ dbbnraements made tor tLe pai~ment ot bzea, levlea or ln~uranc~ on t6e proyeKr co~sred D~ thi~ morLtase, w1W fnte»at on sucb dl~bursemenL. 1!. Wheo sny ~mount of mooe~ to bs ~14 D~ tbs liorts~gor to tbe l[ortgatee under the term• 6ereof ~6ai1 be in default, or ~hould t6e Yorttasor detault In aar ot tbs other termi, pm~Lioo~ or coaditions ot thl~ ~tortga6e, tLen and 1n that caae, the Yort- ta~ee ~hall na~e the ri`6~ wlthout notles to the Yort~a~ or, to coilect and receive from aaY tenant or lessee ot sald mort~aged Dreml~r the nnta, lasues and protlt~ ot tbs roal estats hereby mo~tBaged and the improrements t6ereot, and to R1~e prope~ re- eefpb and we~ultteacea tD~refor. and atter yayln6 all commlwfon~ ot any rental asent eollecting the same, and aer reaaoaable attor- ne7~a ftes and otbar necea~at~ e=Den~ea fecurred fa collectins ~ame, to appl~ tbe proceed~ of suc11 colleetion~ upon any indebtednase, oblls~tion or llabflitr. of the 1lorttasor bereunder. The ri~dt 6ranted the 1[ottgaRee uader thls paragraDb shall bs ln addltlon to. and ~ball not llmit or reatrlc~ aar other rlsLt or tfst?b sranted tAe l[ort~saee in thts Yort;ase. 600~ ~•i~i~ PACE SJ~ - _ ~