ING SO-
CIETY.

demises,

trustees as aforesaid, the receipt whereof the said A. B. doth TO A BUILDhereby admit and acknowledge, he the said A. B., in pursuance of the said rules and regulations, doth by these presents demise unto the said C. D., E. F. and G. H., their mortgagor executors, administrators and assigns, ALL THOSE the said leasehold two several pieces or parcels of ground situate and being as parcels, aforesaid, together with the three several messuages or dwelling houses and premises erected and built thereon, and all and singular other the hereditaments and premises comprised in and demised by the two several hereinbefore recited indentures of lease, respectively bearing date the day of now instant, together with all other erections, buildings and improvements that may at any time hereafter be erected and built on the said several pieces of ground, hereditaments and premises, or any part thereof. AND ALSO the several fixtures

terms (less

and things now or at any time hereafter being in and upon the said several hereditaments and premises, and respectively belonging to the said A. B., together with the said two recited indentures of lease: To HAVE AND TO HOLD the said several to trustees of society, hereditaments and premises hereby assured, or expressed and intended so to be, unto the said C. D., E. F. and G. H., their executors, administrators and assigns, henceforth during all the residue of the said two several terms of ninety-nine years, wanting twenty-one days, granted therein (save and for residue of except the last three days of the said several terms) upon three days), and subject to the trusts, powers, provisoes and agreements hereinafter contained concerning the same (that is to say): UPON TRUST from time to time, so long as the said A. B., his executors, administrators and assigns, shall duly make the several payments and observe and perform the regulations prescribed in the articles of the said society, or to be prescribed in any new, altered or amended articles of the said society, duly certified and enrolled in respect of the said ten shares numbered, &c., and which on the part of him, his executors, administrators and assigns, ought to be respectively made, observed and performed, and likewise pay the several rents and perform the several covenants respectively reserved and contained by and in the said two recited indentures of lease, and on the part of the lessee to be respectively paid and performed, to

TO A BUILD

ING SO

CIETY.

for mort

gagor until default in

payments.

In case of default trus

rents in pay

ment,

cases,

permit the said A. B., his executors, administrators and assigns, to hold and enjoy the said several premises, and to receive the rents and profits thereof for his or their own benefit, but in case he or they shall at any time fail, neglect or refuse for six making the monthly nights, to pay all or any of the subscriptions, payments and redemption money, and to observe and perform all or any of the regulations on his or their part to be paid, observed and performed, or to pay the several rents and perform the several covenants in the said two several indentures of lease respectively reserved and contained, then and in any or either of the said UPON TRUST for the said trustees or trustee for the tees to apply time being to appoint a person or persons to collect the rents and profits of the said hereditaments and apply the same in payment of the said subscriptions, payments and redemption money then due; but if the said rents shall be insufficient to satisfy the purposes aforesaid, or in case the said A. B., his executors, administrators and assigns, shall so fail to pay the said several rents and perform the said several covenants in the said two recited indentures of lease respectively reserved and and if neces-contained, THEN UPON TRUST at any time thereafter for the leaseholds for said trustees or trustee for the time being, when and as they or he in their or his discretion shall think fit, without the concurrence or consent of the said A. B., his executors, administrators or assigns, to sell and absolutely dispose of all or any part of the said several hereditaments and premises for all the residue then unexpired therein of the said several terms hereby granted by public auction or by private contract, or partly by each of those means, and subject or not subject to any special conditions relative to the title or otherwise, with liberty to buy in the same or any part thereof, or to rescind any contract made for the sale thereof, and resell the same in manner aforesaid, without responsibility for any loss by such and to assign resale, and to assign or assure the same when sold unto the purchaser or purchasers thereof, his, her or their executors, administrators or assigns, or as he, she or they shall direct, for all the residue of the said several terms hereby granted, and out of the rents of the said several hereditaments, and of the money which shall arise from such sale or sales respectively as aforesaid, in the first place to retain to themselves and himself

sary to sell

this purpose,

to purchaser,

ING SO-
CIETY.

sale monies after payment of ex

discharge of

and other

the costs and disbursements attending the execution of the TO A BUILDtrusts hereby reposed in them and him, or which may be incurred on account of the collection of the said rents, or in preserving the said several hereditaments from forfeiture, by paying the several rents, or performing the several covenants on the lessee's part respectively reserved and contained by and in the said two several recited indentures of lease, and also the premiums of insurance (if any) of the said several buildings, or other charges to which the same several hereditaments shall be subject, and also the costs which may be incurred in obtaining possession of the said several premises, or any part thereof, or enforcing the performance of any contract to be entered into with any purchaser of the said several hereditaments, or any of them, or otherwise in the execution of the aforesaid trusts, or in relation thereto, and in the next place to retain unto and apply themselves and himself respectively in trust for the said Building Association, all sums of money, subscriptions and other penses in payments which shall be due, or which may afterwards become subscriptions due or payable by the said A. B., his executors, administrators payments or assigns, in respect of all or any of the said ten several shares respectively numbered as aforesaid, by virtue of the articles aforesaid, or otherwise howsoever, IT BEING HEREBY AGREED by the parties hereto that, in case such sale as aforesaid shall take place, all monies which shall at any time afterwards become due in respect of the said ten several shares respectively numbered as aforesaid, according to the subsisting rules of the said Building Association, shall be considered as then due, and the same, or so much thereof as may be lawfully demanded, shall be fully deducted and paid out of the monies received by virtue of the aforesaid powers or trusts, and upon trust to pay the residue of the said trust money unto the said A. B., his executors, administrators or assigns: AND IT IS HEREBY DECLARED Receipts of AND AGREED, that every receipt in writing of the trustees or suficient distrustee for the time being acting in execution of the aforesaid trust for any money (whether rent, purchase money, or otherwise) payable to them or him, under or by virtue of these presents, shall be a sufficient discharge for the same, and that the person or persons to whom any such receipts shall be given, his, her or their executors, administrators or assigns, shall not

due.

trustees to be

charges.

TO A BUILD

ING SO-
CIETY.

mortgagor

ments,

pay

that leases are valid,

afterwards be obliged to see to the application of the money therein expressed to be received, or be answerable for any misapplication or nonapplication thereof, nor be bound to inquire into the necessity, regularity, propriety or expediency of such sale or sales, or of the mode thereof, or whether default has been made in the aforesaid payments, nor be affected with notice that no such default has been made, or that no such deficiency Covenants by has existed. AND THE SAID A. B. doth hereby for himself, his to make heirs, executors and administrators, covenant with the said C. D., E. F. and G. H., their executors, administrators and assigns, that he the said A. B., his executors, administrators or assigns, shall and will from time to time make the several payments, and observe and perform the rules and regulations prescribed in the articles of the said society, in respect of the said ten several shares numbered respectively as aforesaid, and which on the part of the lessee, his executors, administrators and assigns, ought to be made, observed and performed: AND ALSO that the said two several hereinbefore recited leases are respectively valid and subsisting in the law for the premises thereby respectively demised and still in force for all the now residue of the said several terms thereby granted, and that all the covenants and agreements therein respectively contained on the lessee's part have been duly observed and performed up to the day of the date of these presents: AND FURTHER, that until the said premises shall be sold under the trusts hereinbefore declared, the said A. B., his executors or administrators, will pay the several rents, and perform the several covenants reserved and contained in the said two several recited indentures of lease, on the lessee's part to be respectively paid and performed, and that the said A. B. now hath in himself full power to demise or otherwise assure the said several hereditaments and premises in manner hereinbefore mentioned: AND ALSO that it shall be lawful for the said C. D., E. F. and G. H., after default, their executors, administrators and assigns, after default shall be made in the several payments, and in observing the several regulations aforesaid, to enter into, hold and enjoy, the said several hereditaments and premises hereby demised, or expressed and intended so to be, with the appurtenances, for the residue of the said several terms hereby granted, and to take the rents

to pay rents,

for quiet enjoyment by trustees

ING SO-
CIETY.

ther assur

ance.

and profits thereof, without any lawful interruption or denial TO A BUILDof any person or persons whomsoever, and that free and clear of and from all estates, titles, troubles, charges and incumbrances whatsoever: AND FURTHER, that the said A. B., his and for furexecutors and administrators, and all persons rightfully claiming any estate or interest in the said several hereditaments, shall and will from time to time upon every request of the said C. D., E. F. and G. H., their executors, administrators or assigns, or other the trustees for the time being of the said society, but at the costs and charges of the said trust premises until such sale shall be made as aforesaid, and afterwards at the costs of the person or persons requiring the same, execute and perfect all such other reasonable deeds and assurances in the law for more perfectly or satisfactorily assuring the said several hereditaments and premises unto the said C. D., E. F. and G. H., their executors, administrators and assigns, for all the residue then unexpired of the said several terms hereby granted as by the said C. D., E. F. and G. H., their executors, administrators or assigns, or other the trustees or trustee for the time being of the Building Association, their or his counsel in the law shall be reasonably advised or required: PROVIDED ALWAYS that the sum to be ultimately recovered by virtue of these presents shall not exceed in the whole the sum of £1200, exclusive of any sum or sums of money to be advanced for the insurance of the said several messuages or tenements and erections against damage by fire. IN WITNESS, &c.

No. LV.

MORTGAGE of a LEASEHOLD ESTATE for LIVES, LEASEHOLDS

with provisions for RENEWAL; the MORTGAGEES
make the Advance on a JOINT ACCOUNT.

FOR LIVES.

BETWEEN Parties.

A. B. of &c. [mortgagor], of the one part, and C. D. and E. F.

of &c. [mortgagees], of the other part: WHEREAS &c. [Recite Recite lease

for lives,