time, deem the above mentioned indebtedness, or the security herein provided therefor, unsafe, then it shall be lawful for, and the said Mortgagor does authorize and empower the said Mortgagee, or its successors and assigns, with the aid and assistance of any person or persons, to enter said saloon, dwelling house, store and premises, and such other place or places in which the said chattels and fixtures are, or may be placed, and to take exclusive possession thereof, and either to sell them, as well as the said lease, leasehold interest, renewals and right of renewal, right of possession, and liquor tax certificates and renewals of the same, or to take and carry away the said chattels and fixtures, and sell and dispose of the same, either at public or private sale, at such place, or places, as the said Mortgagee, its successors or assigns, may designate, for the best price that the said Mortgagee can obtain therefor; and, out of the moneys arising therefrom, to retain and pay the sum above mentioned, and interest, or so much thereof as may be unpaid, and all charges touching the same, and, also, all other indebtedness due, or to become due, from the Mortgagor to the Mortgagee, as aforesaid, rendering the overplus, if any, unto the said Mortgagor, or to his executors, administrators or assigns; it being covenanted and agreed that the said Mortgagee, or its successors and assigns, shall have the right, option and privilege, at any sale, or sales, of the property covered by this mortgage, which may hereafter take place, to bid upon and purchase the same, with the same right and freedom as though not a party to this mortgage.

(d) That, if, from any cause, said property shall fail to satisfy said debt, interest, cost, charges, etc., to pay the deficiency; and it is covenanted and agreed that judgment may be entered forthwith against the Mortgagor, for the said deficiency, without further notice to him, and the said Mortgagor hereby stipulates to be bound by the result of such sale as may be made in accordance herewith.

(e) That a sale of the chattels, fixtures, lease, leasehold interest, renewals and right of renewal, right of possession, and liquor tax certificates and renewals of the same, shall forever bar and foreclose the equity of redemption of the Mortgagor, in the said lease, leasehold interest, renewals and right of renewal, right of possession, and liquor tax certificates and renewals of the same, and chattels, property, and fixtures, and shall vest in the purchaser an absolute indefeasible title thereto, and the Mortgagor covenants, at all times, to warrant and defend such title, and to execute such

papers, as may be necessary to protect the same, whenever requested so to do.

(f) That, anything to the contrary herein notwithstanding, the Mortgagee shall be at liberty, immediately after any default in the performance of the covenants herein contained, upon a complaint filed, or upon any other proper proceeding being commenced for the foreclosure of this mortgage, to apply for, and the Mortgagee shall be entitled, as matter of right, without consideration of the value of the mortgaged property and lease held as security for the amount due to the Mortgagee, or of the solvency of any person, or persons, obligated for the payment of such amounts, without notice to any party to the action, the appointment, by any competent court, or tribunal, of a receiver of the said chattels, fixtures lease, leasehold interest, renewals and right of renewal, right of possession, and liquor tax certificates and renewals of the same, with power to carry on and conduct the business in the said premises, and to sell the same, together with the good-will thereof, and with such other powers as may be necessary, and such receiver, after deducting all proper charges and expenses attending the execution of the said trust, shall, as receiver, apply the residue of the money received, to the payment and satisfaction of the amounts remaining secured hereby, or of any deficiency which may exist, after applying the proceeds of the sale of the said chattels, fixtures, lease, leasehold interest, renewals and right of renewal, right of possession, and liquor tax certificates and renewals of the same, to the payment of the amount due, including interest and the cost of foreclosure and sale.

And it is hereby mutually agreed that, until default shall be made in the payment of the sum of money, with interest, due, or to become due, to the Mortgagee, or, unless, in case of levy, removal, or attempted removal of any, or all, of said chattels, property, and fixtures, lease, leasehold interest, renewals and right of renewal, right of possession, and liquor tax certificates and renewals of the same, or any part thereof as aforesaid, or unless it shall be attempted to transfer possession of the premises covered by said lease, or any part thereof, or unless proceedings shall be commenced to dispossess the Mortgagor, or unless the Mortgagee shall deem the said indebtedness or security herein provided therefor unsafe, the Mortgagor may remain and continue in the quiet

and peaceful possession of the said premises, and the full and free enjoyment of the same.

IN WITNESS WHEREOF, the Mortgagor has hereunto set his hand and seal, this 5th day of January, 1923.

THIS MORTGAGE, made the 5th day of January, 1923, between John Doe, residing at No. 112 Broadway, Borough of Manhattan, New York City (herein called the "Mortgagor"), and Richard Roe, residing at No. 371⁄2 Broadway, Borough of Manhattan, New York City (herein called the "Mortgagee"), WITNESSETH:

That, to secure the payment of an indebtedness in the sum of ten thousand ($10,000) dollars, lawful money of the United States, to be paid on the 5th day of January, 1928, with interest thereon to be computed from January 5th, 1923, at the rate of six (6%) per cent per annum, and to be paid semi-annually thereafter, according to a certain bond or obligation bearing even date herewith, the Mortgagor hereby mortgages to the Mortgagee all that certain lot, piece or parcel of land, with the buildings and improvements thereon made or erected, situate, lying and being in the Borough of Manhattan, City and State of New York, and bounded and described as follows:

BEGINNING ***

And the Mortgagor covenants with the Mortgagee as follows: FIRST. That the Mortgagor will pay the indebtedness as hereinbefore provided.

SECOND. That the Mortgagor will keep the buildings on the premises insured against loss by fire for the benefit of the Mortgagee.

THIRD. That no building on the premises shall be removed or demolished without the consent of the Mortgagee.

8 Adapted from New York Laws 1917, Ch. 681, Schedule M.

FOURTH. That the whole of said principal sum shall become due after default in the payment of any installment of principal or of interest for thirty (30) days, or after default in the payment of any tax, water rate or assessment for sixty (60) days after notice and demand.

FIFTH. That the holder of this mortgage, in any action to foreclose it, shall be entitled to the appointment of a receiver.

SIXTH. That the Mortgagor will pay all taxes, assessments or water rates, and in default thereof, the Mortgagee may pay the

same.

SEVENTH. That the Mortgagor within thirty (30) days upon request by mail will furnish a statement of the amount due on this mortgage.

EIGHTH. That notice and demand or request may be in writing and may be served in person or by mail.

NINTH. That the Mortgagor warrants the title to the premises. IN WITNESS WHEREOF, this mortgage has been duly executed by the Mortgagor.

In the presence of

John Jones.

John Doe (L.S.).

No. 310.

Mortgage to be executed by corporation, or individual—long form.+

THIS MORTGAGE, made the 5th day of January, nineteen hundred and twenty-three, between John Doe, residing at No. 112 Broadway, Borough of Manhattan, New York City (herein called the "mortgagor"), and Richard Roe, residing at No. 371⁄2 Broadway, Borough of Manhattan, New York City (herein called the "mortgagee").

WITNESSETH, that to secure the payment of an indebtedness in the sum of fifty thousand ($50,000) dollars, lawful money of the United States to be paid on the 5th day of January, nineteen hundred and twenty-eight, with interest thereon, to be computed from January 5th, 1923, at the rate of six (6%) per cent per annum, and to be paid on the 5th day of July next ensuing the

Adapted from the form prepared and used by the Lawyers Title and Trust Company, New York City.

date hereof, and semi-annually thereafter, according to a certain bond or obligation bearing even date herewith, the mortgagor hereby mortgages to the mortgagee ALL that certain lot, piece, or parcel, of land, with all the buildings and improvements thereon made, or erected, situate, lying and being in the Borough of Manhattan, County, City and State of New York, bounded and described, as follows:

BEGINNING ***

AND the mortgagor covenants with the mortgagee as follows: 1. That the mortgagor will pay the indebtedness as hereinbefore provided.

2. That the mortgagor will keep the buildings on the premises insured against loss by fire for the benefit of the mortgagee.

3. That no building on the premises shall be removed or demolished without the consent of the mortgagee.

4. That the whole of said principal sum shall become due after default in the payment of any installment of principal or of interest for twenty days, or after default in the payment of any tax, water rate or assessment for sixty days after notice and demand.

5. That the holder of this mortgage, in any action to foreclose it, shall be entitled to the appointment of a receiver.

6. That the mortgagor will pay all taxes, assessments or water rates, and in default thereof, the mortgagee may pay the same.

7. That the mortgagor within six days upon request in person or within thirty days upon request by mail will furnish a statement of the amount due on this mortgage.

8. That notice and demand or request may be in writing and may be served in person or by mail.

9. That the mortgagor warrants the title to the premises.

10. That the whole of said principal sum shall become due at the option of the mortgagee after default for sixty days after notice and demand, in the payment of any installment of any assessment for local improvements heretofore or hereafter laid, which is or may become payable in annual installments and which has affected, now affects or hereafter may affect the said premises, notwithstanding that such installment be not due and payable at the time of such notice and demand.

11. That the whole of said principal sum shall become due at the option of the mortgagee, if the buildings on said premises are not maintained in reasonably good repair or upon the failure of