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Ths monpap~ pwwnr a c~?~ Mor~ppa M~«n. ~na no con# M~Y~~~b~r INa~papor ol ~M w~na~s hww+ a~u~ a~nn pwt
mw~ol vwtlw~~ IKa obtsaw?p t1» p~a wntt~n conNnt ol ~M Ma~ppN M t/w NiM p~wa tlw wr~tan con~m. tfw pr~n~N namb w? wc~ con•
v~~~nc~ sAaM ~~~um~ a~d prN w pay tM oWp~UOn ~vWwxW b~r t1+~ parwasotY not~ s~tund Mt~ Any co~wY~ ol tlr po{~~Y M~«n d~as~~d q
sny p~t tMrwl n v~olauon pl tho t~rms ol tiws pupr~pA shaN ~natN MatppN ~o ~oc~~u ~M paym~nt oi th~ obMp~tan Wau~O M~~by ~na ~11 wmt o1
nwn~r s~cund fwr~by thaN. ~t tM aPtan ol Mo~~. b~com~ dw and WYabN ind u? al~uh wMtM~ a ~ot tM sanw u~ w dw ana P+tNW~ and M
dd~ult bir tP~ ~cibc tKms hWwl Notlw~p hKNn co~uu~W snau a oonstrwd ~o consutua a~vuan a i~NaN QAonq~a a~ay wb~p~+~+t ow~+~ ol
t~ab~Nty q obWpatwn und~r tM promissory nol~ s~cw~ Mr~Dy w tlws monpap~ by r~awn ol tM Nwssa~d •uumpuon ol tM oDMpatwn w?0~ tM ~ot~
s~cwb 1~~r. p1? • subs~4~+~~t own~r ol tfw Wop~qt d~su~b~d f~«n.
6. That m tM wu+t oi a swt b~w~p ~nabtut~d ~o fw~cloN tMt matp~p~. tM Mort~apN ~MII b~ ~ntul~d to apply at any Wn~ dunrp wch br~cbaw~
wu to tM court Mv~np ~u~~sdictan tM~~ol for tM appo~ntet?~nt ol ~ ~~cHVw of sil and sinpulu iM matpap~d WoputY. aex dl nnts. uxom~s. p~ohts.
~cw~s ~od r~wnws 1h~r~o1. from whatso~v~ sou~c~ dKiwO: a~d tMaupon u~s Mr~by ~~cpncsfy conv~~t~d and aaNd tMl tM cou~t sMU bnhvnth ~p-
pant wch r~caiv~ wUh th~ uwal pow~rt ~nd dutres ol r~cMwrs u? I~k~ cas~s: ~nd s~xf ~ppo~ntm~nt ~ua W msd~ by tM court ~s a mattu ot:u~ct rpht to
~hs MonpapN. ~nd witAout ~~fN~nc~ to tM adpuac~? w u~ad~quacy of ti?~ vslw ol th~ propHty Mt~by mo+tpsp~d. or to th~ soivN~cy a u?toN~nc~.ol tIN
MonQspor a sny otMr psrty dehndar~t to wch ~wt. TM Monpa~or Mr~by =p~c~hcslty warv~s tM npht to oq~ct co tM appo~ntm~~t ol a t~wy u
ator~said aod 1wc~Dy ~xpr~sst~r consents ~~st s~~ si~t.+omtrn~nt ch~p b~ msd~ as sn sdrtutt~d pwry and as a matt~c ol abwlut~ ~pht to tM MortpapN and
tnat tM sam~ may b~ don~ without ~otia to iM Monpapor.
8. That it ~ny procwdrnps shouW b~ u~sututad ap~?st tM prop~rty cownd by th~s monps~ upon any otMr M~n o~ clarm wMthw wp~ria or Iuna
to tM INn ol tAis moripsp~. tM Mat~a~ may at itt optw~ imm~stely upa~ u~satuUOn sl wch w~t a du~u~q tM p~nd~nty thawi d~c1a~~ Uw mortpp~
and tM w~t~drtiss s~twsd Mr~b~? dw ~nd payaW~ torthwrth and may at ~ts opt~on procNd W fonclo~s~ tNis nwRpap~-
7. To pay sN and arpular tM cofts. (NS. cNup~: and ~xpens~s oI ~wry lund. ioclud~np tM cost o( sn abstract ot Utf~ to ss~d lubs found w o~ con-
ven+~nt or ~xp~dNnt ~n conn~ction witA sny wit tor th~ toncbtur~ of tlu~ mortpap~. and atw includop. wh~tlw~ cA~ MatppN a oW~~aad to psY sam~ a
noi. nasauW~ aaan~y
s taa incu~r~d or axpsnd~d ac anr tim~ by u`~a t~Aortp~pa b~caus~ of tM ta~lun ol tM Mortp~por to pMiorm. comply Mnth u~d ~b~M
by all or any M tM cov~nsnts. ca~ditions s~d sNPulatwns ol sa~d promiswry nou. or tMs matpap~. ~n tM fo~ec{oaw~ ot tMs mort9sp~ snd ~n coN~tt~p tlM
amounc ucund Iwrsby with or wnthout Ipal p~ocNdup~, snd to rambu~ tM Mat~apa~ la ~v~ry paym~nt rt~d~ or u~currW lor any wch purpoc~ vr~[h m-
~e~sct irom dst~ of ~wry such paYm~nt at tM M~Mst rat~ ~uthorusd by {sw: such psymanis ~nd oDl~pations. wiU int~nst thtrwn as ator~si~d. iAW b~
secur~d by tM li~e h~rwf.
8. To k~ep tM bwW~np or buiWin~: now or h~aah~r o~ said land inwrsd apa~nst losz a damip~ by tir~, uctsnd~d wwrsQ~ and otha pWJs. in-
cludup wu risk inwrsncs it svsilabb. in s wm not less thao th~ir futl inw~abl~ valu~ at ch~ cost and ucp~nse o( tM Mortpapor in a comWny or oompa~uss
approved by che Monpspas. tt~ policy or polic~s to D~ held Dy the MortpapN. and wcA po6cy or pol~cies ot inwrana shs11 hav~ affue0 the~~to a Sundud
New York MongsQse Clsuse. makiny sU bss or bts~s urx~r wcA policy o~ potic~s payabl~ ~o tM Mortpa9es ss its int~rsst may appoar. sod to d~~w~ ~~d
pol~cy or po6cies to tM Mortflages wAen ~swod with tM receipts (or tM Wyrtwnt ol th~ prsm'um tMrafa: snd m tM ~vont any wm ol morwy b~cort?as
payaW~ uncbr such policy cx polic~es. ths Monpape~ shall Asvs ths option to receiv~ ~nd spply tNs same on sccount ct tM ind~bt~ss s~cu~~d Mnby a to
permit tAs Mortgagor to receive and use it. a any paA tMreot. for other putposes. w~thout thsreb~t wwvirp oc impairu~p a~y oquity, lan a rphl unda or b~l
vutue of tMs mortgage: and Ihe Matgages i( h deems nec~ssary msy plsce and pay (o~ wch u?wrsncs. or any part lMr~ot. without bsin~, waivmp or aHsc-
unq Matyepoi s option to forpctose lor b~asch ot tMs Covsn~nt. w any psrt thonol. or any ~~pht or opta~ undor tfus mortpape. and ~v~ry wch p~ym~ot sf~ad
i~ear inter~st (rom dats thsreof unt~l paai st the h~gh~st rat~ authorued by I~w. and all wch paymsnts witlt intsr~st af sla~sa~d shafl b~ secursd br tM INn
r,ereof. In ths evant any bss a damape is wHered Mortpsqo~ shsll not~ly Mort~agss oi such bss or dama~ witlun forty-spht (48) hours ~h~r th~ Mpp~rwp
thereof: tM tailu~a to qivs wcR notice shsll constitut~ s ddauft and U~ Matpa~se ~hall h~w the nphts hu~in piwn for W drlaultt.
9. To psrmit, commit or suH~r no watu ~nd to ma~nui^ ths ~mprov~m~nts st sll timos ~n a sut~ ot Qood r~u snd condition: and to do ot p~rmit to
be dons to said pnmises nothinQ tAat will altar ac cttiar.~s ths ~ia snd charocur of ssid prop~rty or m sny wiy impalr or w~ak~? tM s~cunty of wd ew~tpp~.
I n case of the ro(uzal. naylect or inabil~ry ot ths Mortpa~w to ropair and maintain ts~d propsrty. ths Mortpap~s may, at its option. mak~ such npun or caus~
che sam~ to a made and sdv~nc~ momu in that b~half whiM wms stull ~t wcursd by the li~n Mnof and b~sr int~r~st at tM h~pMst r~a suthoriud br
Iaw.
10. To de{ivsr tho abstract or absuscts of t~W cov~nn~ ths mortpapsd propsrty to Monpefles or its dssipnat~d ap~nt, wAich sh~Y at aU tim~s. dur~r?p
ine I~(e ot this monpags. ~sm~in in th~ possession ol tM Mortyages and in ~vs~rt ot tM taeclowre of ttus ~rtpap~r a otMr u~nsf~r of uW. all ~~pAL Od~ ~nd
~ncarest of tho Mwt~apw in and to any wch ~bsu~ct or sbsir~ctt ot titl~ ~hall pass to iM Wuchsasr or yrants~.
11. Tbat no waivsr oi any covonant h~rtin a in tM obliqation sscursd Mraby shall at any am~ husahn b~ MW W b~ ~ waivK ot any ot th~ othK
cerm~ hK~of or of tM not~ s~cund h~nby, or tutur~ waivK ot tM sam~ tov~nant.
i 12. That in ordsr to accelerato ths mawrity of tM indebtsdnsss Mroby s~curad becsuse oI th~ (ailun ot tM Mort~poc to par anY wc ass~s~nw~~
! t~abi4ity. oblipstion o~ ~ncumbrana upon said proparry u Mnin providod. it shdl not be neussary nor ~equisit~ that th~ MortpapN s1yU fKSt p~~ 1M sartN.
~ 13. That it th~ Mortpapor shall fsil. nepl~ct or n(uts (or ~ psriod ot thirty 130) dsys (ully ~nd prompUy to pay tM amou~ts nquit~d to b~ psid by th~
i nocs h~nby s~cursd a Uw ~ntsrest ~huan sp~citi~d or rMr o( the wms ot mono~ hNOin re(erred to or hereby socurod. or ottarw~w duly. tully ar?d promp[ly w
' pe~fam. uc~cua. oomply with ar~d abid~ bY ~ach. ~rn~1l or any ot the cov~runts. conditiom a stipulsiions of this mortp~p~. tlr prorn~sorY nou M~r~by
a~cursd ind/or tM con~uuccion Iw~ aprs~m~nt. if iny. thon. ~nd in sithu a in any of such w~nt~, witlwuc rwtios a dsrtwxi. tl~ wd a~rpot~ wm m~n-
t~oc?sd in ~aid promissory not~. Is~s pnvious paym~nu. if any. and eny ~nd all wms menooned herein or secur.d n.nb~ ~a b.com. d~,. ar~d pavat,+.
li tonhwith or tMra~ftK ~t tM conUnuinp op[ion ot ch~ MortyaQss aa tully and comptecely ss if said apprspsts sums w~r~ oripinaily s[ipubud to b~ pa~d at
; such tirr~, iMrtAinp in said promiuory not~ or h~r~in to the contnry notwithstandin~, s~d cM Mortpapes shall bs entitled chu~upon a thanattk Mnthout~
; nocica or d~mend to institut~ wit ~t {aw a in puity to ~ntores th~ riQhts of tt~s Mortpapo~ Mrsund~r or undsr seid promissory not~_ tn tM w~nt ol any
dsfault or bnach on tl~ part ot th~ MoRpapor hW~und~r a und~r said promiswry not~, tn. Morc~ap.. shaa h.v. ~n. conwwinp optan ~o •nforc. paym.ni
~ of a11 wmt s~cur~d Mrsby by action at law or by wit in puiry to fwecba this monQaQs, sithar or both, concurrendy a otMrwis~. ~nd on~ ~ctan w wit
; shatl not lbaU or b~ ~ bu to or iw~iv~r ot th~ MonpapN'~ ripht to in~titut~ a mai~t~in t1M oth~r. providsd aid MortpaQw ahall haw oNy on~ parm~nt and
~ ut~d~ction ot said in0~bt~dn~a~. ,
~
; 14. That M th~ w~nt [hat Mort~apa ~halt { 1) con~nt to th~ ~ppointmsnt ot a rec~iv~r, trusts~ or liquid~tor oi all or a wbsantial psrt ot Monpapor •
aas~ta, or (Z) b~ adjudicat~d ~ bar~lwpt or insolv~nt. or 6N ~ voluntary petition in bankruptcy. or adm'st io wrian~ its insbiGty to psy its d~bts as tMY b~con?~
E due. or (3) mala ~ p~n~rd ~s~i~nmsnt tor tM b~n~6t oi u~ditors, a(4) f+l~ a potition or eosw~r seekin~ rsorpanization or uanp~msnt with u~ditca, o~ to
take ~dva~ t any i~?wlv~nc~t law. or (6! fil~ sn ~nsw~r ~dminin~ tM m~tsrial alls~ation~ ot ~ p~tition filsd ayainst the Mortpayor in +ny bankruptry.
g r~orpani~ ~ insolv~nc~r proc~~din~, a 181 action sh~ll b~ tsksn by th~ Murtpa~or for ttw purpose ot eft~ctin~ ~ny of th~ taepanp a 17) any ord~r. judp-
~ msnt or d~cr 11 b~ ~nt~r~d upon an appliC~tion of ~ crWitor or MortpaQor by a couA o~ competont jurisdiCtion approvinp a potition N~Junp opppntm~nt
~ of e r~c~iv~r a uu~c~ ot all a a subsuntial pan ot tM Mortp~poi s ass~ts ub wch ordar, judpm~nt or dsc.~s~ sAdl conunw unsay~d and in ~Hact for any
; pe?iod oi thirty (30) cons~cutiv~ days, tM Mortpa~ may d~clars the not~ Mrsby s~cured forthwith du~ and payabls. wha~wpo~+ th~ pru~upsl oi snd tM u~-
_ tsr~st sceru~d on tM not~ and ~ll oth~r wms MrsDy s~curad sNall b~corn~ forthwith dw and payabls i/ dl o( th~ said sums of mon~y w~~~ orip~nsUy
scipulat~d W M paid on such day: ~nd thK~upon ths Mortp~~s witlwut notic~ a d~m~nd m~y pros~cuq ~ wit at Iaw and/or in pu~ty ~s if all mawa
s~cur~d h~~by had rr?awnd prior to its in~ciwtiat.
~ 16. That th~ MatpaQN a ~ny p~no+~ suthoriz~d by tM MortwpN shsN t?~v~ tf~ ripht to ent~r upon u~d intp~ct tM mortpaQed pam~sa at aY
~ reasonabl~ tim~s. '
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~ 18. That any wm or wms which m~y b~ loan~d a~dvanc~d by th~ Mortyayee to the MortpsQor st srnr tim~ within cw~~ry 120) Y~ars trom tM daa
ot this ind~ntun, top~tM~r witA int~r~a th~rwn ~t th~ nt~ aprNd upon at th~ art?e o( wch bsn or advanca, sfutl bs pually acund vmth aod hav~-th~ urt~
p~~oriry ~s tM otipiMl it~bt~dn~~s snd b~ wbj~ct to all th~ t~rm~ and provision: of this mon~~~: providod. tMt tM ~p~~pat~ amount ol princ~pil outst~n-
a~np at ~ny tim~ N?all not ~xu~d (i~ 1. or it ch~ pr~c~du?p bt~nk is not con?pl~c~d, tMn ~n smount pust to on~ hundr~d and tifty pK cMt
t 1509~ of th~ prir~cipaf amouot aipinally pcund Mroby ~Aall ~pply. .
, 17. Tha~ if rpuind by MatpapN. tM said Matpapor will pay unto th~ Mortpa~~. o~ tM fint day of ~ach and w~ry conNCUtiw month. i wm
•vual to on~-twditA ot tM an~wal ~mou~t ~~ry to p~y ~Q uxa ~nd auiwm~na ~p~inst ttw s~id monp~p~dp~~rrwNS. Nid mont?MY wm w b~ N-
~imaad wlN~r by Monaap~ ~nd aalculal~d to M~n ~mount not I~w tMn th~ imount of qxN ~~N~Nd ~Irnt wW n+ortpaq~d pranw~ fa tM pnvww
y~~r. a~d it tuRMt nquk~d by Morty~9N to p~Y Nl lnwnnq pnmium~ in manna ~nd torm a provld~d Mnin ta tM p•ym~?t ot tua ~nd,aaM~amc:nq.
_ 18. TMt if this mortpap~ is in cam~ction with conitnutbn loan financinp. tM~ this mortpapr is wbj~ct to th~ Co~suuction Lou? Aqi»r~t
~ dre~d b~twan th~ Mortpapor and th~ Mortpape~. ~n ~x~cut~d copy o/ which is in th~ posWSS~on of tM
' lylortpapN ~nd is incorporaud ha~i~ by niuu~c~ ub mad~ ~ part h~~wt: any ~t~ult by Mortp~pa unda saia ~~rqm~nt s1iW consuwt~ an w~nt of
detiuh w~ tFw~ mortQ~p~.
19. That tM MortQapor will on tt?~ rpu~~t of th~ Mortpaq~ lurn~sh ~ wntt~n stat~ma?t ol tM ~mount owi~q on th~ oblip~tion wtwcl~ thq mortp~p~
- cacura ~nd tMr~in rtau wMttNr w not Mortpi~or cla~m~ ~ny dd~ns~s a oHs~ts tMnto.
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