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a. TAa matpap~ a p~nawl to th~ Monaapor hN~w?. ansl ~?o eo~wYanc~ ~hau b~ ~+~M bv Monpa~ ot ch~ pnm~s Mr~u? d~~w~b~d a ~nr wn
t~~ertol w~t110u1 1Nfl ObtW11f10 tIN pf10f wfin~n ca?Nnt d tM MatppN. in tM ~wnt MonO~ON tIW Mft~ttM CO~?N111. lfM QtMtN ninl~d w1 WCh COI?•
vsyanc~ ~haN qsum~ a~d aprN to paY tM oWp~tion ~wdMt~d O~r tM prom~NOry rwt~ Ncw~d QN~ ~b . l1~ conw~ra~wy d tM v~oPatv M~~~n o~ar~d a
eny p~rt tMr~of in violatwn d tM tKms ot tlws puap?~pA ~AW ~nptN MatppN to aoa~INU~ th~ p~ f ol tM oW~~tqn~cuwd M~~by ~nd all wms ot
„~on~y qcu~~d h~r~by shaM. ~t tf~ aptio~ ol Mort~pN. aca+w dw ~nd pa~~bl~ and ie d~lwit wMH?~r a not tfM sam~ u~ w dw and paysW~ and ~n
~elAUlt by tIN spK.~Gc t~tnls fNrpl. Nptfwnp h~njn cpnt~nwd ahaM p~ cw~stru~d to oOnsUtYt~ ~ ~OV~tiOA or nNaN Mo~t~~ o~ iny subs~quMt ownN OI
i~awl~ty a oblp~tan und~r tM P~~?issal? noa s~cur~d Mnby o~ this mottpp~ by ns~ot? d 1!N dorq~d sswmMae? of tM oblpsta~? w?d~~ tiw not~
:acur~d 1~~. by a a~bNqwnt ownK d th~ ptopKtr dNUiD~d 1~~,
5. That in ~M w~n~ 01 ~ w~~ Mwp Msdtuad to tonclos~ tlws nwnpp~. tM Mon~~ ~hNl D~ ~nt~tNd w apply at any t~m~ durln~ wcA tor~cbsw~
s~~~ io cM caut havinp junsdiction tM~~of la tM ~ppointm~nt ol a nc~ of W~nd ~inpular tM rtwrc~p~d p?oputy. ~t~d Of iU rMtS. ~nCOrMi. p~Oliti.
~ssues and rw~wws thK~ol. lrom whitsorw~r soutq d~riwd: and tM?a~ipw~ ~t rs Mt~by ~xpr~saly ConvNw?tad and sp~Nd tMt tM Cou~t shsU tonhwqh ap.
po~nt wcb rac«vK with tM uwsl powMS a~d dut~ss ot ~~wts m lik~ cas~s: aod sNd appwntm~nt shNl b~ msd~ b~? th~ coun as s man~~ ol str~ct n9ht to ~
?!~a Mo~t~~. and wiUaut nNr~~ to tM ad~quacy o~ w~dequ~cy ot tM vatw o/ tM prop~rty h~uNiy mort9a~d. or to tM solvMCy a Msolvsncy ui tM
Mortpa~r~t Or MW OthK P+rh? dthodant t0 such auit. TM MortOapor I~~b1? sP~afiuYY wa~vp tM ripht t0 obj~ct W tM appoa?tm~nt ol a~~c~~wt as i
atoresaid and I~M~/ ~~~1? coosa~a that wCh appointm~nt slwM b~ mad~ ~s ae lidnwtt~d ~qtwry snd u~ matt~t o1 abwlut~ ripht to ths MortppN and
tnat tM s~n» m~y b~ ~lar wiU~out ~wtiq to th~ ~Ilat~pot.
6. Thst if any procNdiops slwuW b~ ~nstitut~d p~w~st tM p~op~rtY cow~~d b~? tlws moRpa~ upon ~Mr ott~u 1~? o~ cl~im wMtMr wp~rar o~ ~wao?
co the 1~ ot tAis monpp~. tM Mat9pN nu~ at ia opaoo imm~d~at~t~r upon imtitutan ol such sui~ a dunnp th~ pind~nc~r tMrwf d~clar~ ?tws monpp~
~nd cM i~clNx~ ~cund hK~by dw ~nd p~y~ brtnwich ~nd may ~t ia optan poc~ a~~c~os~ thn nwn~ap~.
7. To pay aN ~nd s~qul~ tM costs. fMS. Mup~s a~d ~~s~s of ~wry lund. ~~caa~ cn. a~o ~«,M a u~w ~o ~~~e: r«,~ ~o o. ~o~,•
ven~s~t or eap~dia:~ ~ crxxNC[ion witl, any sui~ ta ~M foncto~un ol ~his nwrt~. a~d abo incNdwp, wMtMr th~ MorlQa~s ~s oWpsted to psy sam~ a
no~. reasaabN snan~y's INS Nw:un~d a~xp~nd~d ~t ~ny tim~ by tM Mott~pN b~cau~ of th~ taihu~ ot th~ Mort9a~ to patorm. comply MnM ~nd aD~d~
by all or sny Ot th~ townants. Ca~diitions and stipulitiaK Of sWd promissory not~. O~ llus matpip~. in tM br~Cbsur~ ot tMs matpa~ a~d ~n cod~ct~n~ tlw
amount s~cw~d twnby wiM or w~thout Iptl procMdiiqs, sod to nimbun~ tM Matp~pN 1ot ~wry paym~nt m~ ot inturrod fo~ sny such purpos~ vmM m-
cerss[ from dat~ oi way wd~ pa~m~t at tl?~ Ir~A~st nt~ autt~oriz~d qr I~w: such p~~nNna M+d o0lipations. with int~sst tt~~on u ala~d. shW 0~
secursd by th~ GM Mnot
8. To kNp tM buildinp or buildwps now or Mr~attK oe sud la~d inwr~d apa~ntt bss or damapt b~? tin. ~xt~~d~d cov~raQ~ snd otMr ponls. ~n-
cluding wu ristt inwrmoe it availabN. in a wm ~wf Ias dun th~ir tuN inw~abN valw ~t th~ oost and wp~a~ ol tM Monp~~ ~n a compsnY a companas
approved by 1M Mort~pN. tM po6cy or polici~s to b~ Mld by th~ Mortp~pN. and wch po4cy a polici~s ot inwr~nq shaq hav~ ~Ha~d tMnto a Stsndard
New York Mortpapw Claus~. m~ftinp aN bss or bss~s urdK wch policy or polid~s payaOM to tlw MoripapN as its int~nst may appssr, aod to dN~v~r sa~d
polscy or policiars to ths Mat~a~w wfNn iswW vrith ttM haipis fot tM p~yma~t of th~ pr~mium il~~ior: ~nd in tAs evsm sny wm oi mon~y b~com~s
payable under wch policy or policies. tM Mortppi~ shaN hsw th~ option w nuiw and spply tM sam~ on account ot th~ W~d~btsdness socured hKeby or ~o
permic the Mortgaga to receive snd uss it. or any part ~~of. for otM? pwpos~s. witlwut tMreby w~ivin~ or inpaitinp aml pwty. I~ or ri~ht w~der or b~?
v~rtue of this mortgage: and tl~ Mortpa~s if it dNms nsc~ssary may plsc~ and pay 1a sud~ inwiar~o~. a ~n~ pan tl~eot. without loanp. ws~v~np or atbc-
t~n9 Mortgspei s oPtion to to~stlos~ Iot bnich ot th~s oovMant. or any pwt tMt~ot. or ~n11 ripAt or option undsr this mort~qt. ~~d ~wrY w~Ch WVment shaN
bear mtarest trom date tMreof until paid at tM hpMst rat~ wtlw~~~d by law. ~nd 11N wch paymM~ts wiM intK~st ss ator~ss~d shaY b~ secursd by tM INt?
hereot. In th~ evsnt sny loss or dama~ is wff~sd Mort~Cx shNl notdy MortpipN d sud~ bss a d~n~ps Mnthin fwry•~pht 14A1 hours ahK ths hspp~nrp
chereof: tM (ailw~ w~iw wch notice shNl oonstitut~ a d~fault and tM Mortpp~~ st~ fwvr tM riphts Au~ir~ Qiwn for aN d~bults. .
9. To {ssrmi~ commit or wHK no wsst~ ~nd to maintain tM improwm~nts at aY tima in a wt~ d pood r~ a~d ca~dition: ind to do a pwnut co
ba done to s~id Pnmises noMinp tMt wiM alt~ or chanp~ tM ut~ and cMr~ of said propKry or in a~y way impai? or w~ak~n [h~ s~cunry ot said mort~.
i n case of ths ~Nusal. n~pM~.~t a inability d tl~ Matpapor to npair ~nd maintan s~id ptcp~rty. tM MwtpapN may. st its aption. mslu such npai~s a uus~
the same t0 bf mids ~nd OdVafIC~ ff10tM~S In dlat b~h~l( which Wfni d1~N b~ NCYf~d bY tIN fNf111~f~o1 M1d ONr inUt~it ~t tM tlipflqt qt~ ~utAorit~d by ;
law.
10. To deMvet ths abstrsct or ~bstracts of titb cowrinp tM mortpp~d ptop~rty to Mo~tp~~N or its d~siqnated ap~n~ which shsll at sN umss. du~u~p
~ he ~~fe ot th~s mort~, runsin in tM poss~s~ion ot tM MwtppM ind in ~v~nt ot th~ br~cbsur~ of this mortpsp~ a otha au~s(~r ot btl~. ~Il rpht, uW and
rncerest of ths MoRpa~or in and W an~? wdf ~bataet or abaVaets of tid~ dMy p~ss tp th~ py~qN~ pr 9nnte~. -
11. Thst no wsiv~t of sny c~ownant h~in or in tM oblipttion i~p~nd fw~by ahNl ~t ~pr tirtN Mr.asK b. n.a ~o b. ~ w~~.~ a~,y a~n. otn.~
terms I~enOf Or Of tM noU t~cur~d Mt~b~/. Or fiRuh Mraiwr Of dN s~11N oovMlM~t.
t 2. That in ordw to aco~knt~ tM maturity of tM a~bt~ss ha~b~? s~cu~ed b~c~ua of th~ isilurs ot ths Monpapor to pay any tu sstessrns~t.
Iiability, oblp~ti0110~ N1CUtt10tM1C~ t~p[N~ iNd pfOpKty ~ I1~fN11 ptOVifMd. it ihMl 110t b~ 11~Cq{~fy 110r tpteifitA tf1~t t!N Mori ih~N tust
we« wr tn. ssm..
13. That ii tIN Mortpa~or sh~M i~il, n.pl.c= a ntu~ ta a p.riod oi rhirry (30) a~ys tuuy and promptly to pa~ chs amouna ~eQui~ed to b. pa~d by cn.
nots hsreby a~tund a th~ int~nst thK~in ~p~cifi~d or ~ny of th~ w~ry ot rrwM~ h~qin nbrnd to or h~r~r s~cursd. or othsrwiss duly. (ully and promptly to
pertorm. uacut~. oornply with ~d abid~ b~? Nch. w~y or ~ny d th~ cov~n~nu. co~tiditiorn ot stipulations of thn matpapt. ths prorr~sory rab Iwaby
secursd ~d/w tM cautruction Iwn ~pn~em~n~ i! sr~y. dan. and in ~ittNr or in ~n~r of wd~ w~na. wid~out notics a d~nwd. ths siid s~prpaa wm rn~n-
aonad in ~aid pronwNOn? not~. las Drwiou~ P~ym~nts. it any. and aM? ~nd dl wms m~ntiawd I~~in or sscund Mr~by shaN bacome dw snd p~yabt~
torthwiM or thK~alt~r ~t tM conwwinp option oI th~ ~Aortp~pN a tuNy and compi~tN~l ~s it pid apprpate wms w~a~ oripinalhr stipulatsd to b~ psid st
auch tirtw. fnythirp in said promiswry not~ or h~nin W th~ oonVUy noiwitMt~ndinp. ~nd tM Mortp~~ shsN b~ sntitlsd thsrsupon or th6rssher without
notic~ or d~mand to i~tidrt~ ~uit ~t law or a~ puiq to ~Ota tM ripha ot th~ MortppN h~rwndK or undK ssid promissory nots. In chs ewnt of an~
Qef~~llt O~ bfNCh Ofl tM p~ft O~ tfN MOftp~QOf INf~Yfltl~f Ct Yfld~f Mld pfOTH~OfY f10t1, tIN MOffp~ON lh~M 11~1r~ tIN OOqtlfluitl~ Op1Wn to Mfo?q paym~nt
of ell wms s~uu~d Mrrby b~r ~ction ~t law or by wit in ~quit~? to ior~clw~ dws mortpp~. ~itl~ or both. coacurrsntly or othKw~. snd ons ution or swt
aheli not ~L~ or b~ a bW to or wanK ol tlN Mortp~pN's ripM to inspdrt~ a m~int~in ttN otf~. P?o+rid~d said MoRp~pN sl~slt Mw oNy aw pa~rmrnt ~nd
wtuhction d Nid ind~bt~dr~.
14. That in th~ ~wnt tNt Mortp~por NwN l t l conNnt to tiw appointnwnt oi a naiwr. trustM or pquidator o1 atl a a wbs[ant+al ptrt M Mortp~~oi s
asa~ts. or (Z) De adjudicst~d a butkrttpt Or iMOlvant. w fil~ a voluntary p~tiiion a~ binkruptCy. or admit in writinp iu inability W pay its d~Dts ss thsy Mcom~
dus, or !3) mNc~ a~~al as~ipnrtw~t for tM b~nKit oi a~diton, or (4) fA~ ~ p~ation or an~wK sNkinp norpani:ation or ~n~ny~msnt with u~diton. or to
tsk~ adv~ntap~ ot u?y in~olvrncy law. ot 16) fil~ an amwK admittiap tiN mat~rial aN~p~tions ot ~ p~tition ril~d painu ttN Mort~agor in any bankruptcy.
re~flaniution or insohr~nc~r prop~nQ, w(81 action shalt b~ t~k~n by tM Morta~por tor tM pu~pw~ of eH~ctir?p any d tM torpanp or (71 sny ord~r, judp-
msnt or d~crN ~11 b~ ~ntu~d upon ~n appNeation ot ~ a~ditor or Mortp~por by ~ oourt of comp~t~nt jurisdictioe approvinp a psution ssekino appointmN+t
of ~ r~c~iv~r a trustN of ~II a ~ wbstu~tiN pan oi tM MortQapor's ~ss~ts ~nd such ordK. judpm~nt or d~crk s1~aN cont;nw unstaysd srb ~n sHsc~ ta any
period o/ thirt~r (30! co~cutiw days, iM Mortpa~ may d~clu~ tt~ not~ f+K~Dy wcur~d forthwith dw snd p~yabls. whusupon tM pnnc~psl ot and the ~n-
[snst acarwd on dw not~ aod ~N othK wms f~~by ~w~d s~ll bconw forthwith dw ~nd pnr~bN ~s it aU ot ths wid wms ot money wsre onanaU~r
•tipulat~d to b~ Wid on wch day: and dNt~oo tlw ~AOrtppN withottt rwtiq or d~nand mn? prowwu i wit st I~w and/or in
r~cw~d Iw~by had matut~d ptia to its institutioo. . ~~h u~ sll rna~s
16. TNt th~ MortWpN ar ~n1/ P~w~ wtAori~d b~? tM Mat~pM ahaW Mw tM ripht w Mur upa? ~nd insp~ct th~ mortpap~d pnnwas st su
?eisonabb tinMa
i a. Tiut ~ny wm ar wms whid~ maY b~ barnd a advancad b~r th~ Morip~pN to dw Mortpapor ~t ~ny Grn~ withio twenty (201 Yeus 6om th~ daa
of this ind~ntun, top~th~r with int~nat tf~wn at tt~ raq prNd ~on ~t tM tirtw of wch lou~ or advana. shall bs pwNy s~cursd w~th ~nd Mw tM sarM
R~~h ~ tM oripinN kid~ba~dn~a and b~ wb
j~ct to NI tM tKmt and provi~io~s oi d~ia mort~: provid~d, that ths p~pat~ smount of pnnc+pal outstan-
din~ st ~ny tifll~ lhall nOt ucO~fd Or M tht pnCadirp blat~k ii nW OOftlpwt~d.lMn uf ~m0unt ~qwl to on~ hundad and tfil? Pw CNH
! 1507i) ot th~ prirKipN amowp oripinalh? Ncund Mt~ NwM ~pply. •
17. That. N rpuind b~r Mort~apN. tM ssid Mortpa~or will p~~ unW tM MortppN. on th~ tKat day of uch snd w~ry consecuuw month. s wm
•qu~l to on~-twNhh ol tM ~onuN amou~t n~ops~ry to pn? W taxN a~d aNSrnwnts ap~inst tM sad mortpap~ci pwmiws, sa~d mo~nN~ly wm to b~ ~s-
t~maad ~o1Ny by Mwtp~pN ~nd calwlat~d to b~ ~n ~mount not I~a th~n tM amouM o1 ta~as aNSwd pii~st s~id mortq~p~d pnm~s~s lor th~ Wwwua
y~ar. and if tuRhN tpuind b'1~ ~W~ ~ Wl? ~M inwnno~ pnmiwns in maroNr and Iorm M provW~d Mnin for tM P`Ym~nt ot t~x~s a~d ass~asrtwnts.
t8. That it this rtwrtp~p~ is in carwction wiM oonsuuction ban fin~nci~p, tMn tha mortq~p~ is aubj~cc to th~ Consuuction loan A~ram~nc
a,i~d brcwNn dM Monppor and tM Monpp~. an sn.cuuy copy ot which is in tM posNSSion of uw
Mortpa~t and is incorponbd Mnin by rahr~ ~nd mad~ t p~rt Mrro1: an~ dNault by Matp~por und~r wid aaNnn~nt shau constitut• an hnnt d
aetu,n un~ urs m«tp.o..
19. That tM Mortp~pa willl on th~ rpu~st o1 tM MortpapN furrnsh ~ writt~n suam~nt of tIN ~mount oww~p on tM obli~stwn wte,eh thu mo~tpp~
sccurp and d~~in u~U wMtMr o? ~ot Mortpspor claims an~? ~N«sps or otfsNa tMt~W.
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