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<br />� � 76- � � 6 '741 �
<br /> . �� The I�lortguqee mny culleal n '9nte chnrgo" nol fn exrue.d Fi�•i� Ceniti (5c1 fur ci�ch Juliar (St ,001 uf rnch lul+il munlldy � �
<br /> ' puymrnt mure Umn Ifi Jaya in ;vn��irs tn it�vi�r Ihr ��zlrn rs ��rn�c invnicrd in hendlin�; drlinquenl i�crounta. � .
<br /> . All pnymrnts mado und�•r Ihr pruvisiuns u( Ihis murlgopr �v thr uute hrrrbr sorun�d. a�hich mny b�• cun.hued �is inlrm�L � .
<br /> � � ..IuJI uol . in Ihe ;�tiRrraate• urer Ihr trrm Ih��rco(. r�vr��d the r;rt�• Ih.rt may n���e hi� I���rfullp rontract��J fnr in ���ritinA. . . .
<br /> . . � . It is turtLer ngrc�•d Ihi�l in caai• anp suil is bi�gwi lo fonclosi� Ihis murtg��ge. the illorly;sge�c. ils representt�tives or :�xsigux . : � � � � � �
<br /> r.. . .�hedl � :�1 � uncr he ��ntiUe�l lu th�� pac,c.,sion of .oid prrmi5e,, . imd . upon nPphcali�n lherefur. Ih�� enurl in which ,uch nction shnll . � � � . .
<br /> � be bruuKhl ur uny jud�;c uf sucli rnurt, i•ilhrr in teim litni• nr ��nc;ition, is 6i�rebY nulhurixed �o nppninl n n•reicrr lo ta6i� posy��� � . � � .. .
<br /> sion of suid prernise.. or to cnllecl lh�• n•nls llu�re(rum. nnd tu Ju mid per(urul such uthur oi'ts as tnay be r�s�uimd by ihe urdi•r � �. . � � , �,
<br /> uf lhe court roaking N�e up(iuiutmenl ; and suid hlurlKt�gnr her��by wuiros :uq' nufir�• nI .urh :ippliv�ilinn. ;md �•��n.rnts tu Ihr np. . � . . ..
<br /> pninitnrnl of n recrivor upnn Ih�� �irndnctinn o( tliis morlu:��:�`. ��'ilh�wl nihrr rvidon�•r. - � � . � . �
<br /> : ��i � It is expressly ngm�al and undenla�d Ihat l6e 1�lorlgi�gur sh�dl pnue�til wilh lho cunslnic�iwi nt �i Loildin�; on snid pmmisrs .. . . .
<br /> . � �aith all rcusonublc dispiitcli. nnd due diligenm und shull paY for an�� nnd� all rzlnre ur miHiification. Ihal hr m�q� muko in . snid . � . � � . .
<br /> :"i building. dinrl. lu lhe Itturtgngia• to 6i• dishursed. logethrr with thr mum•y Inr�nrd or adv:mrrd bc �;�id �turtg;�g��r in eunnrclion �, � . �: . � � .
<br /> � with this 1<�.vi. Aud it, is furlhcr aF:rerd and understiK�d lhnt if thr c•onstrucfion o( said buildinR � hr. aLL nny� � Iiinr, discnntini�iYl � � -
<br /> . . or not c;�rried on wilh re�usunnble dispatch in Ihe juJgmrnl ot lhe Alorigagvi�, lhe �1nrlgn�:vo nr nny hold��r u( tl�e snid iintt� and " � � � � � .
<br /> . Dtorigage may purchnse �nmti•rinls nnd e.ntploy wurkmen lu protnct ,:�id huildinti. =u. lhnl lhe .atni� ,hall not sulTar fmm di�prod:r ��. . . . �. .
<br /> � ion or lhe wo:ithrr. or lo cnmpir�e snid building, so fhat. it. nu�y b�� u<ed tor tlir purpavrs fur which it is dr.i�;ned, under the sai<( . . � � . . �. .
<br /> . pluns und specificrdions; ihnt nll thr sums so pnid. ur rxpended, s}udl be d��rmrd to Iw� adrio�cos lu th�� \(oMi:agor, nnd scrur:•d . . . - . . . .
<br /> by the nvid no��� and mortgn�;e mid m:q� Ix• npplicd, at lhr. upliun nf ihr .�iid \1nrl;;n�;ee, ur nm• huldrr uf .nid nnlr aml mor��:aga . , . . . . .
<br /> tn nny uch�ances lhi�rra[lcr bcivnning dui�. Bul in no evonl sludl U�e bturltiag�c bo linhle in nm� w;q• tn rnmpleto snid building or , , �� � . .
<br /> to pny fur lhv casN u( amstr��e�iun hi•yond lhe advunces uf U�e immuuts Jrpn.ilirl for snid purPuse. or lua�ied 6>' thr t�fnr��agoe . . . � . . �. �
<br /> . �:. � fur ihe consln�ctiun of � liis builditq;. Aud it is (urihi�r �•xprr.,h• :�gre.�d :md undanluod th:d i( lh�� \torl�;nRor �hall f:ail tu cumplefe . . � .
<br /> �� � ;} snid building in uccurdmue w�ith Uu+ �iFmrmenfx. bine prinls ;md npr�•ilicntions filod in conn�•c� ion wilh this Iwm ur ah+�ll noRlecl. � � � .� � �
<br /> . . , Gtil ur refuur lu pm• fur thr e.�xsLs and rapensos in ConneClioR lhcrt�wi� h, or sh:ill L•iit in :my ntLrr u( lhc ci�een;mts hrmin sM fnrth. �
<br /> Ihen, nl tl�e uption uf thr �Turlgu�ei• nr uf thr holder nf Ihv noie amd morq;.qtr hvrrin nd��rmd li�. ihe nloriga{:��o mar d��clare said � . �. � .
<br /> ; ;. :i loan lo tu� in defn�dl tu�d the �ntire :unount In:�nal sh.Jl imtuedia�rly 6�v�muc duc :md puynide nnd Ihr� property li�•ri�in rufi�rc�•d �u ' . . .
<br /> .� -, sh:+ll IH• securil �' for all o( Ih�� ndvnnrn.c :�ud rxponsrs incurrnd and made by thr \InttF:�R�'�• in cu�uieclinn w�ilh Ihis provisinn. .. . . � . � . .
<br /> �Vilhout limiling ihr genernlity of tho fore�uiu�;, thr �tnrt�;:��i��� sludl hnce the ri�;ht lo drelnrr th:rt drfuull hnc Ix�em m�do . � �
<br /> nnd lh�• entiro indrbtednrv.s 6crrundor lu Ix• dm• ;md pn��:ible :rt once upun �h�• haPp��nin�; af sn}• �ror n[ thr fnllo�rin�; condilions: . � - � � .
<br /> � � � � fa) 1'h�� filinti of any lirn n�iiinst lhc properly, ���helhor cluinusl In 6r priur tn Ihc linl nu�ri �a��� or su6j���t Ihcrr�n; .. � � . .
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<br /> ' � (b) '1'hr imiry, of nnq Judgtneni nga�inet lhr \torfRngor, . � . � � . .
<br /> (c) 'I'ho fnilurc lu compl�• stricUy �vi�h r.nning rcg�dalians, lhr pruvisiuns nf thr cit �• buildin�; axl��. ur if any stnp nrdrr . � . � . .
<br /> - is issurd by public +wthorities; � �
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<br /> � �... ; (d ) Any mix�l:dem�nl in the lunn applicnlinn: � . . . . . :
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<br /> ��•) Any nu�terinl rhnnpc in thr pinns and sperificnliunx nol first nppruvrd in u�ritin�: by � 60 �turlgn�;rv: � � �
<br /> .� ( ( ) lf wurk Ix• di•layivl or su::prndod for n prri«I n[ lhirly l30) d�p�s +��ithout cnusi� �:disLictnry �n thi• Alnrigscec. nr � � . � � . .
<br /> -� � shm�id lhc. illurtgngor L�il tn ciiuvc work tu fx pn.+rculod vir�uruusly. . . .
<br /> � � ? If lhe �tort�;:a�;i�e d��cl:ins tLe Innn tn Lr. in d�•fnuit undrr any prmniun, nl thi. prncision. thr \�lort�;n;;rv .hall hr undrt - � � . : . �
<br /> � no o6liRution W ndvnnee a�n• further mun.�er h��rrmidrr nilhrr fnr p:p�monl o( w ��ri; prr(nnra�d :md nudi•ri:il. .Jre,�Jv (urmvhrd. nr :� . . .. . . , . �
<br /> � thnsc In IH� furnishad I:�fer hy the \torqa�gue �. � � . .
<br /> �. . � It is undenlo�xl nnd a�nrvl thnt tLr \1url�;agur aili us�� :�II adc.mcrs tnndr undrr � his mnrl4;i�;r ti� orn�l a builJin�; un • � � �� �
<br /> ��i<I pn•misea in accurdnnec with Ihe pl;ms, specific•aUnns :ind �;�•nrrid :ipny�mrnla fil�wl in �•�nu�rrlinn Uu�m�villi. :in� l h��rrlo(on• . . . .
<br /> k - i approval ba ihc 1�tnrlgng�•e. � � � . �
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<br /> � It is undrrvlood nnd n�;r�rd �hul nll mat��riids delivornd upon v�id prrmi.r, lur ihr �wrpn.r �d hrin;; iniv�rporatrd in thc � ��
<br /> ` � Luilding sfmli Im cunsidenvl u pnrt ut thr buildinti. ' .
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<br /> \lortgatiiv! i�grres �n m:ikc ndrane�•s imJrr this In�m fur lh�� ronstrm•licnt nf snid Luil�linG (rom limr lo liinr :�s ni:n•rd � � . �
<br /> � � I+�lwi•rn the parlii�s hrrclu. � � . {
<br /> ' . . �� AND 1'P IS F:\ PR!?StiLlt' :�CRG6D AND ( !NDF.I25'1'OOD that said ndc:mcrs xhall Iw• paid ��nl�� w�h��n in Ihr iud�;mcnt � �
<br /> a' ! nf Ih� Tlortgngee all a�urk uxu;�11S dnnr nL lhe sln�;e o( cnn;lruction .vhr�i 16c :idr:m�r i< mnde � c�y+�hlr sh:�ll hn��r Ix�..n doni• in n . 7
<br /> ,i � . . " �:u«l und w•nrkm�miikr m�mnrr, and rdl I11:II1'f1:1I5 pI1lI �11IlIfPS usunlly (urnishiYl ;ind incl :dleJ :d thnt lim�� .h:ill I�av�� b�rn (ur� � � �
<br /> nixh�vl and inslulled: bul ihe A1ur�gi�ger m;1y ;�denncr purls. ur lh�• �vhul�•, u( ;my inst:dlmrnls kr•fom Il�o>• b�•com�• du��. if tbr �inrt . .
<br /> Fugis• shnli Ix•lirvr iL nd��isablc la do sn, mid :�II such :�d���uucs or pnymonts ,h:ill bo d���•mod tn La��o L+��rm m�dr in pununna� ot . . �
<br /> ,� � �. lhi. ti�nn�mrnt. nolhing. huwrv��r. iu Ihiv ,��;rr��mont 4I111II �W L'UI15� f1IP1I :IS :1 drt�•nnmulion ��( th�• qn;�Gl}� uLlhr �.�ork. I:�bar i
<br /> "". �; nr matcri+ds furni�hivl hy Ihr �ior� 4ngor ar rontr:�ctnr nnd � hr \tnr��:ngr.� .I�nll h�� uuJ�� i u� � duh� �rz � �LIi4:Uiun 1� � m:�ki� i
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<br /> 'I'lir ?�1url�;���co shnll br <ubru�;rtod (u iJl n( fhr ritihl., pri��ilvR��;. pnurilic,. and cquilics � �� wq' lirnhuldrr �ehu.�• lien nviy .
<br /> +t h;rvr h�•rn di�clu�rgrd frum Qir pnK•rrds n( Il�i+ laau. nr by nny fund. hrrr6>• p;iid ��r (urnish�•d hy U�r �lort�;ng��.�.
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<br /> - 17' IS LsXI'RESSI.Y AGRt3Lll lhnt if thc t�lartgn�;or uhall srll, rum�oy ur alirn:do �nid properlq. or :my pnrl llirrroL .
<br /> � ar nny intercxt therein, ur Fhnll br dicest�d u( hi+ titlr nr nny intemst therein in :mp m�nn��r ur �c:�y, �chrtlirr �•aLml:�rily or
<br /> �` imoluntnril,y. withnul �+•rittea coav��nl �,( thr 111origngin� bcin�; firot hnd nnd ubtninrd. �lnrtga�;vr uhaU han• ihe ri�:ht. ��l it� uptiun,
<br /> t to dednre any I71(ICI)IP(II1C55 ur ubli�;nlionv srcurod hrro4y, irmvpcYli��r u( Ihr mnturily d;dv aprcifird in �un� nulr ocidvnring the
<br /> ;:�� s+�me, immediutcl}• due e�ud p:�ynbli� wilhout notice. nnd s:iid dr6t �hull iherrupnn In•come o6s��lute. I [ lho u���m�r�hip u( the mort - .
<br /> guged prapetty tmir�mev reshvi in n pervon uihrr lh:m lhi� �1ortFa�;or. lhc T(ortgnt:�c m;q', w�illiunt untiri• tu U�r \fort �;ogar. dcal
<br /> �vith such succesaor c�r +ucci•ssurs in inlcrost with rrfurcncr lo lhi. ntorl�agr nud thc di�bl. hrrrby �rrurrd us �.�ilh thc �lurt�;�gor.
<br /> nnd map forbe:�r tu sue or may' estend lime fur Ihe paymrnl u[ lho drbt hcrrhp :�•�•urrd withuut diroh:v�;in„ ur in ;my �v;i}• �dTrctin�;
<br /> . the liubility u( the nri�:in:d 1t�rl�:ngor hrn•undc�r or upon ihi� dvbt PlY'11f1YL �
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<br /> In tLiv instrumenl thc singidnr iucluJ��s Ihc plura� and t6r m:uculiuc includrs 16i� I�•minim� �md 16a n��utrr :unl Ihi, u� . . � � .' + � �.
<br /> �inun��nf .+hnit Inr bindin�; upau lh�� undcr.i�;nrd. his h�•ire, prrxonvl repmurnlnli� ra. .uerr..nr< :mil :�s.iFnx. � � N u_ '._
<br /> �� [1 \VITNI;SS \1'HL•:RIi01�. wr hscc hemwilo srt nur h:mJ: ut���rnl. Ihr day nnd ���•nr lirst :iLucr u�ritirn. . � ..
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