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intom~. profits, issu~s ond .•~•n~•~ or. n•~•by nwnoop~d os i1 sp~tifkallr s~~ iorM and d~~t~i6~d ~n M~ 9ront~q ond hob~ndw~
ctd~sts Mr~of, ond wch /~t~ivt~ shall hov~ oll N~~ b?ood ond ~ffKlirt fw+t~iont ond pOw~rt in ony wis~ tnfrust•d by o coun ro o
nc~iv~r. ond wth appa~tn~m sholi b~ mod• br t~ch cowt os o~ ad+nitt~d ~quihr Qad o nwK~r of absolur~ riqht ie Nw Matqoo~~,
oed withoul ~~f~r~nc~ ~o tM cd~qvotr o~ i~+od~quotr of th~ volu~ of M~ prop~rt~r nw?l9oq~d, or ro n+. sa~•~c~? a i~+soh?•nc~r of
IM Mo~fOopor ond/o~ M+~ d~f~ndant ond wth ~~eh. Proffi. incom~, isw~s ond nv~nu~s sholl b~ appli~d br th~ r~c~iv~? oooordinp
to Iht IiM ondio~ ~quity of Mis nqKqop• ond fM P?ottic~ of wch cou~f, ond wtA oppoint~n~nt oi ~~tMiv~~ shall b~ wiMquf notK~
ro onr Ob1i9p? h~rwnd~~.
NINTH: Tht Mortpooo? M?~br woiv~s oll ?iphK of Iwm~se~ad ond' ~a~mption ~~onf~d by Ih~ Constitulion and lows of
Naido. M is sp~tiAeoqy opr~td thot tie~ is of 1h~ ~ss~nt~ in this tontroet ond Mot no waiv~~ by th~ Mo~tqop~~ of anr oblioation
Mrtu~d~~ o? af 1h~ obliootion ~?td M~~by sholl ot onr tinN tMr~ott~? b~ h~ld to b• o woiv~r of N~ I~rnu h~r~of o~ of Ih~ '
obl+potion s~tur~d Mr~by.
TENTH: UDa+ a~Y solt. tronsfK w tonve~ront~ d tM DroPKtY htnin deotrib~d ond tov~nd bY this Mat~op~ fo onY
pe.son, fi~m or corporotion, wlws~ cndit-wathin~ss hos not pi~n oppro+?ed in writinp by tht holde~ oi M~is Morfpop~, fM Matpop~e
a holdN sl+all how fM riphf; of its sol~ optian. ro occ~4rof~ ti+~ enoturity of fhis Matpop~ ot thaph if wen due ond poyoblt
an tl» doy of wch trornfe.. if upon notin of so3d t~sfa, tM Matpopa~ o. holdK hos pood noson ro bellwe thot tht s~cu.ity
of tM Mort9opM or holde? hos ba~ honn~d a pbe~d 1n j~opordy. Th~ 8onk slwll ncfiw o eompl~t~ ewrent fiewnebl stot~-
m~r+t in o fo?rn ad pr~ntction sotisiottory to t!» 8onk . • .
BEVENTH: If foneloawn proc~~die~s of ony s~oond nwrtpa9~ w ae~ond hvsf dkd or a~r junior IiM of ony kied ~bouid
b~ aatituf~d, th~ Matqoa~ nwr, ot ib option iemn~diat~lr o? IMr~ah~r d~dar~ Nws nwrtpop~ ond fh~ ind~bNdn~u s~wr~d
1~?ebY d~ o~+d porobk.
TW~FTM: Thot in tM ~v~M tM pr~ni~ Mr~by nah9ap~d• O~ onr pprt NI!?~0~, ihaN b~ co~+d~d aed tak~n for public ~
us~ und~r IM pow~? oi ~a+~M danoie, IM Mort9c~ shall hov~ Il+t ~ipht to d~awnd Ihat oN donwp~s oword~d for IM tokenp
of or danwp~s ro soid pn~nis~ ~hoq b~ poid b fM Moripa~. uP to Ih~ an~owN N~+ uepoid on Mis nartpap~ a+d fh~ oblipation
s~aK~d h~r~br ond nwr b~ aPP~ ~Pa+ ~ PaY~s ~ Payabb undar M~is na~tqa~ aed tM ob~potion ~eu?~d Mnbr.
THIRT~ITH: That instollnwnts, porobl~ w+dN IM t~nro hKaof and Ih~ not~ s~cwtd M?~by, not poid wM~ dw, shaN b~
wbj~ct, oR~r fih~~n (1S) daps hoe+ Ih~ dw dab 1Mnof, to, and it is a~rNd Ma?pa~k ~haH cdl~tf 1htr~on and N~rwvi~h, o
..lot~ dwr~•" in Ih~ omouiw of four p~~ c~M (4~ ,~f th~ instoNn~M dw upon ~ach wd~ d~linqwnt ieutotln~eM, oed such "lat~
char~~i' or~ s~cu~~~by !h~ li~n l+~nof. -
FOURTEENTN: WiNwuf impoiri~q 11~ obli~atio~t of Mort~a~ oontoin~d in parop~aphs SECOND. TMNtD ond fOURTH
hKeof, and fa opplicotion to tM pwpos~s M~nof iraofor as fh~ sanw sfwll b~ wlfio~nt. Mortpapo~ ~lwq, in additio~ b M~
~notildr Por~nfs af principol ond hh?~st os stabd in 1M vri~inol not~ 1a~d ln Ih~ noh o? nol~s Harr~d h~r~byl Provid~d b b•
nwd~, por o nwn~N~r wai and a~na+M ~qvol lo aw-tw~lflh Il/1Zl of 1h~ ~sfin~at~d onwal tax~„ dss~ssnNnh ond ir+~onte
.
pr~ upon 1M r~al estob srarifp, as Ih~ onwwM Ih~r~of ~ dN~rn~ined fron~ lin~ to tin~ br th~ Mort9a~. ~
k HfiEENTH: That N~ Mort~oqor slaN funrsh onwoNy, ot NM nqwst of fM Mortqa~K, flnond6l stoten~ts in fo~n ond
c•.~iA.d ie a nwnn.~ ~nsfocror~? ro+h. Mo~pap... . ~
SIXTEENTH: Thi~ nqrtaoo~ alro s~ans o~ry ond aq r~wols ond ~xbnsioat of fh~ pronrswry not~ r~f~r?~d to I+~r~ie and
sswr~d Mr~by, and all instoUn~+ts 1h~r~of, ond also oenr oN+~~ not~ whid~ havs b~n or mor b~ piv~n to the MortpapN by th~
Mortpaqor, and onr Wh~r ind~bt~dMss of 1M Mortpa~ M tM Mortao9~ Mrhid+. how~v~~, shall not ~xceed at ae~r on~ tiene
, ~ o~qr~act~ w~poid principol swn of = -
- F~ '~-~~U-NCT,Il~ - ~Dollars (S__25~-Q44~ 00 1.
it b~i~q tM ip~dfk n~enlion thot fvAh~~ odvanas nwy b~ nwd~ br N+~ Mort~o~~ at Ns option ro th~ Mort~a~or. ~ith~r prior to
or oh~r tM dw dot~s of tht abov~ ~~h?r~d b pnonwssory? not~ her~br s~cur~di ond tFws .mat~o~~ is 9ivM for th~ sp~afic
pu~pos~ of s~eurin~ aery and ell ind~bad~s by tM Mortqo~a b fh~ MatpaqN in whof~v~r neann~r the san~ nwr be ~vi-
dN+c~d or r~pns~med, unM Nws mortpep~ ~ so?isMd of r~oadt ond aq ao~v~noNs oed o~rkn~+ts oo~Moin~d in M~is naAqaq~
shoN b~ applicabl~ ro oN furfht~ ord fu~ur~ odvo~css inod~ by IIN Mortpopp b 1h~ MortpaQo~ and all oM~tr ind~bt~dn~ss of
Mort~aqor b IM Mo~tqoq~e, and on~r ond oll r~wob w~xt~roiona IMr~of.
~ : Zl~is l~brtgage is subject bo all the tern~ of a Oonstn~ctian L~a~i
Aqreaoent, of e~en date, the saae as if said agreement was se~t aut Y~er~in in full.
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