And the mortgagee hereby covenants and agrees for itself, its successors and assigns, to and with the mortgagor, its successors and assigns, that the owner of the premises above described shall have the privilege of obtaining releases of portions thereof from the lien of this mortgage upon the following terms and conditions, namely: No release shall be given for less than two adjoining lots, and interest on the sum paid therefor shall be paid up to the date of the delivery thereof. All releases shall be prepared by the attorney for the holder of the mortgage at the expense of the owner of the premises. There shall be paid for releases of lots as follows:

(Insert designation of portions and release price of each.)

No release shall be given if the semi-annual interest or any part thereof or any taxes or assessments remain unpaid.

No portion of said premises shall be released without access to the other portion of said mortgaged premises being given by means of an open street or avenue, the said mortgagee always reserving in the release to be given as aforesaid a right of way over such street or avenue to the remaining unreleased portion of said premises.

The expense for the preparation of each release shall be Five Dollars and Fifty Cents ($5.50) for all such property as shall be sold to any one purchaser at any one time and required to be released, the mortgagee having the right to execute separate releases to the several purchases or a release to the mortgagor.

It is further expressly understood and agreed by and between the parties hereto that should the owner of said premises desire to make deeds of cession to the City of New York, parts of said premises that lie within the lines of a street or avenue as laid down on the Town Survey Commissioners Map of Kings County for the purpose of dedicating such street or avenue, then the holder of this mortgage will release the premises in such street or avenue from the lien of this mortgage without being paid any consideration therefor except the counsel fee for preparing the release.