HomeMy WebLinkAbout0969 . . ~
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• ~ TOC~6'~RR also with ~ aad all eward snd a~ards herstoYors mads sn,d
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~ . hsrsatter to bs made by 1lse Citr o! New ?ort or aty? 1Mmioipal or 8tate ~utbor-
ities to tbe prssent and all .eubsequsnt o~a~?ers o! tbe preieises hsrsin desaribed
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inoludin~ a~y award or awssds !or ~m~y cbaags or obangss of 6rads o! streets ~
atlisating said premises, which said a~ard anfl a~rds srs hersby assi~nned to ths ;
eaid sortdagae, end tLs le~yal•repseaentati~sd, suacessors and assi~ns o! tbe ~
~rtgagee; and the asid mort6sgee. for ths said 'ortgagee, and t~hs l,e~l rep-
~ ~ rssentatires, sucaessors and assi~ns of tbs awrt~gse (at its o~ir thsir Qption)
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' are bereb~ snthori~ed, direated aad e~opo~ered to collect and recai~e t~e pro- -
. ceeds o! any sucb award or awe~rde i~ram: the ~anthorities aating t~Le ea~s and to ~
gi~a p~oper receipts and acquittenaes therefor, and to apply ths eame tawsrd •
the payment of the aa~oimt aring on accamt of tbis band and ~eort~age~ aotwitb- '
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• • standing the lact that the amo~mt a~ring an accamt of this aartg~age and said
bond mny not be tl~en due and psye~Dle; and the esid mort~agor for the said
mort~ngor , and the le~al representetises, suacessors snd assi~ns of the
mortgagor , bereby covenents end ag~rees to aad with the 8aid mortgagee, and
. the le~al represe~tati~es, auccesaore and nesi~pns of the awrt~sgee uposn request
~ by the holder of tbis mortlyagee to malce, eacecuie and deli~sr aay and all aesi~n-
ment8 aad other.instruman~s aufficie~t for the purpose of assi~ning tbe afore-
eaid a~rard and awsrds to the holder of tbie mcrtg,nge, free, alear and discLarged
of any and all encumbrancee o! aay tind or aature whstsoe~er.
And the mortgagor co~eaan~ with t~e mort~n8ee as follawer:
1. T6at tbe mort~ngor will pay the iadebtednese ne bereinbefore
p~o~ided.
~ 2. That the mort~agor will keep tbe buildfage on the pacemniaee insured
~ against lose by fire for tbe benefit of the mort~ngee.
~ 8. Tbat no building m the prmnisea shall be reaw~ed aa~ demolis2~ed
~ ~ nithant tbe camseat of the awrtgagee. -
~ 4. Tbat the whole of seid priacipal eum shsll beaaee due if the !
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` ~oa~t~pga~ aeese to owa t~hs p~opert~? abo~s deeariDed sad ccn~syed es securitT- ;
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E ~ fo~ ths psyee~t of the indebtedness hsrsin salmarledged, or af'ter defisnlt
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- in the pay~eent of any installmeut of priacipal or of iaterest for thirt~ dsys, ;
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or atter defanlt ia the psyisnt o! any, taoc, are?tsr rate or '
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