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~ firssnoi~t3 oopditilotz, Ni~h dsta~lsd intarwstion ss to its assets `
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~ and liabilities, ind ite earatngs at~d opar4ting e~enses !or the
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i ~ px~soeding tMelva ~anth period. .
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~ 21. Mortg,~gaa~ covan~ttita and agreee tRat it Mill not oreate, :
sssuets or aufler ta exiet any ~rtgage, deed o~' truet, pledge, ,
' enoteaDranoe, lien or ch~rgo o! a~y kind upon any e! the real or ~
pereonsl prope~rty.eecuring the above deeeribed iandeb~edneee, Nith• '
~ out Nrittan approval of I~Iort~yagee. ~ ~
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22. Idortgagor oovenaate and agreee that there ehall b~
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no volunt~ry char~ge in the controlling orrnerehip o! Mar~g~gor . ~
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. during the eaietance ot any indebtedneae seaured hereby, unlese
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suoh chnnge ie approved in writing by 1Kortgagee. ~
~ 23. ~'hie mortgage ehall eeaure not only the eule~ing in-
~ . dab~s~nese but aleo auah ~uture advanaea, wQether euah advanaee
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are obligatory or to be made at the option oP the ler~der or ~ ~
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. otherrriae, aa are made Nithin tMen~r ~eara t'ran -the date hereo! ~
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' to the ~re extent a~ lY euch future advancea were made on the
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date oP the esecution of th:ta mortgage. ~
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' 24. 7~e funde to be advanced.under thia a~rtgnge ase to be ~
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~ ueed in ~he oonatruation oP aertain improven~ente an, the landa
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herein degaribed in acoordance Mi~h a buil 4
ding loan agreement ,
between the I~rtgagor and l~vrtgagee of even da~e herewith, Mhiah
~ , building loan agreetqent 1a inaorpox~ated herein by rePerenee to
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• the esnte extent . and erPect ae if f'ully eet Porth and rnade a part o~
- thie martgage. The principa~ aum and other•chargea provided !or
3~erein .ahall, at the option ot' the 1Kortgagee or holder oP this
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- mortga,ge ar~d the note eecured hereby, beeane due and payable:
• (a~ Ori tho ta,ilure oP the 1Kortgagor to keep and pertorat
ang a!' the caven~nta, aanditione and agreementa o! said building ~
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~ " . ~ loan agreement . ~ .
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(b) In the event this mortga,ge and the note hereby ~
eeaure4 are not purahetsed Dy and aeeigned ~ to llational Life Insuranae
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. Coapa?~,y on or before Mety 1966. Thie eaatire Pas~agr~ph 2~ eh~sll ~
~Y , ' be tera~inated upon the reoording o! the seeignaient oi' th~.e ~rtgage ~
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' , t~ National Lile ~ne~ce Co~,pany ae tierefn aonte~ap].ated. : ~ ~
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