from February 23, 1922, and the Second Party is the owner of the balance of said mortgaged debt, but that the ownership of the First Party shall be superior to that of the Second Party, as if the First Party held a first mortgage for thirty thousand dollars and interest thereon as aforesaid, and the Second Party held a second and subordinate mortgage, to secure the balance of said mortgaged debt.

2. That the Second Party hereby authorizes the First Party to assign, transfer and set over to any individual, or corporation, its interest in said bond and mortgage for any amount not exceeding thirty thousand ($30,000) dollars, at any time it desires so to do, and the First Party, or its assigns, is hereby authorized to collect the entire interest due on said bond and mortgage, at the rate of five (5%) per cent per annum, and to retain therefrom the interest due on the said thirty thousand ($30,000) dollars, at the rate of five (5%) per cent per annum, remitting the balance thereof on the sum of six thousand ($6,000) dollars, to the Second Party, and the First Party, or its assigns, is further authorized to accept payment of said mortgage and to execute a proper satisfaction thereof, but agrees to account to the Second Party for all moneys received by it in excess of thirty thousand ($30,000) dollars, with interest as aforesaid.

3. That the First Party shall have all the rights of any holder of said bond and mortgage, and, in the event of any default in said bond and mortgage, the right to foreclose the same and receive the proceeds of any sale from the referee; but the Second Party shall, in any and every event, have the right to an accounting for all moneys received by the First Party in excess of the ownership of the First Party in said bond and mortgage.

4. That all rights and authority given to the First Party, under this agreement, by the Second Party, shall be irrevocable.

5. That the First Party shall notify the Second Party, or its assigns, of any and every default on said bond and mortgage, and of any and every foreclosure, by making the Second Party, or its assigns, a defendant in any and every suit, without further notice or demand, but the First Party shall be under no other obligation to protect the interest of the Second Party under any such suit, or upon any sale under any such foreclosure.

6. That the Second Party hereby expressly agrees not to assign, sell, or transfer the subordinate interest in said bond and mortgage

held under this agreement, or to accept payment of the same, or any part thereof, without the written consent of the First Party.

IN WITNESS WHEREOF, the First Party has signed this instrument, by its President, thereunto duly authorized, and has caused its corporate seal to be hereunto affixed, attested by its Secretary, and the Second Party has hereunto set his hand and seal, the 5th day of January, 1923.

Agreement subordinating existing mortgage to new mortgage-official form."

THIS AGREEMENT, made January 5, 1923, between John Doe, residing at No. 372 Broadway, Borough of Manhattan, New York City (herein called the "First Party"), and Richard Roe, residing at No. 112 Broadway, Borough of Manhattan, New York City (herein called the "Second Party"), and Henry Koe, residing at No. 152 Broadway, Borough of Manhattan, New York City (herein called the "Third Party"), WITNESSETH:

WHEREAS, the First Party is the owner in fee of premises situate in the Borough of Manhattan, New York City, commonly known as No. 371⁄2 Broadway; and

WHEREAS, the Second Party is the owner and holder of a certain mortgage covering said premises, or a part thereof, as by reference to said mortgage will appear, and of the bond which said mortgage secures, said mortgage bearing date the 5th day of January, 1922, being made by the First Party to the Second Party, to secure the payment of the sum of ten thousand ($10,000) dollars, and interest, and recorded in the office of the register of New York County on the 5th day of January, 1922, in Liber 361A, of Section 7 of Mortgages, page 374; and

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

WHEREAS, on condition that said mortgage be subordinated in the manner hereinafter appearing, the Third Party is about to receive and accept from the First Party a mortgage covering said premises hereinabove described, bearing date the 5th day of January, 1923, made by the First Party to the Third Party to secure the payment of the sum of fifteen thousand ($15,000) dollars, and interest:

Now, THEREFORE, in consideration of the premises and to induce the said Third Party to accept the said mortgage from the First Party, and also in consideration of one ($1) dollar to each of them paid by the Third Party, the receipt whereof is hereby acknowledged, the said First and Second Parties do hereby, severally and respectively, covenant, consent and agree, to and with the said Third Party, that said mortgage owned and held by the Second Party shall be, and the same hereby is, made subject and subordinate in lien to the lien of said mortgage for fifteen thousand ($15,000) dollars, and interest, to be received and accepted by the Third Party.

This agreement shall be binding upon and enure to the benefit of the respective heirs, legal representatives, successors and assigns of the parties hereto.

IN WITNESS WHEREOF, the First and Second Parties have hereunto set their hands and seals, the day and year first above written. John Doe (L.S.). Richard Roe (L.S.).

In the presence of

John Jones.

No. 316.

10

Bond to be secured by real estate mortgage-official form.1o

KNOW ALL MEN BY THESE PRESENTS, that John Doe & Co., Inc., a corporation, duly organized under the laws of the State of New York, and having its principal office at No. 1112 Broadway, Borough of Manhattan, New York City, hereinafter designated as the obligor, does hereby acknowledge itself to be justly indebted to Richard Roe, residing at No. 112 Broadway, Borough of Manhattan, New York City, hereinafter designated as the obligee, in the

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

sum of fifteen thousand ($15,000) dollars, lawful money of the United States, which sum the said obligor does hereby covenant to pay the said obligee, his executors, administrators, successors, or assigns, on the 5th day of January, nineteen hundred and twentyeight, with interest thereon to be computed from the 5th day of January, 1923, at the rate of six (6%) per centum per annum, and to be paid on the 5th day of July next ensuing the date hereof and semi-annually thereafter.

IT IS HEREBY EXPRESSLY AGREED, that the said principal sum shall become due at the option of the said obligee, or the executors, administrators, successors or assigns of the obligee, after default in the payment of interest for thirty days, or after default in the payment of any taxes, assessments or water rates for sixty days after notice and demand, or after default in the payment of any installment of principal, or after any other default, or upon the happening of any event by which, in any case, under the terms of the mortgage securing this bond, the said principal sum may or shall become due and payable; also that all of the covenants and agreements made by the said obligor in said mortgage are hereby made part of this instrument.

Signed and sealed this 5th day of January, 1923.

Owner's estoppel certificate-official form.11

I, John Doe, residing at No. 111⁄2 Broadway, Borough of Manhattan, New York City, owning premises situate in the Borough of Manhattan, of the City of New York, covered by a mortgage for fifteen thousand ($15,000) dollars, dated the 5th day of January,

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

1922, and recorded on the 5th day of January, 1922, in the office of the register of the county of New York, in Liber 210A of Mortgages, page 310, section 6, which mortgage is about to be assigned to Richard Roe, residing at No. 371⁄2 Broadway, Borough of Manhattan, New York City,

DO HEREBY CERTIFY, in consideration of the sum of one dollar paid, the receipt whereof is hereby acknowledged, and to enable said assignment to be made by Henry Koe to the said Richard Roe, that said mortgage is a valid first lien on said premises for the full amount of principal and interest now owing thereon," namely, fifteen thousand ($15,000) dollars and interest thereon at six (6%) per centum per annum from the 5th day of January, one thousand nine hundred and twenty-three, and that there are no defenses to said mortgage or to the bond secured thereby, and that all the other provisions of said bond and mortgage are in force and effect:

IN WITNESS WHEREOF, I have hereunto set my hand and seal, the 5th day of January, one thousand nine hundred and twentythree.

In the presence of
John Jones.

John Doe (L.S.).

No. 318.

1

12

Release of part of mortgaged premises-statutory form.1?

THIS INDENTURE, made the 5th day of January, 1923, between John Doe, residing at No. 111⁄2 Broadway, Borough of Manhattan, New York City, party of the first part, and Richard Roe, residing at No. 371⁄2 Broadway, Borough of Manhattan, New York City, party of the second part.

WHEREAS, the party of the second part, by indenture of mortgage, bearing date the 5th day of January, 1922, recorded in the office of the register of the county of New York, in Liber 361A of Mortgages, of section 7, page 55, on the 5th day of January, 1922, for the consideration therein mentioned, and to secure the payment of the money therein specified, did convey certain lands and tenements of which the lands hereinafter described are a part, unto the party of the first part.

12 Adapted from New York Laws (1917), Ch. 681, Schedule P.