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Home My WebLink About0680 - 3 - k 3• Thie Mortgage and the Note were executed and delivered to eecure moneys advanced in ftiill to the Martgagor by the Mortgagee ~ ~ as or on account of a loan evidenced by the Note, for the purpoee ~ of making the improvemente deecribed or referred to in the • _wn_ rk (`~pntraet dated NnvPmUPr Z,_ , 19~, to o~c on the mortgaged pro- r perty, and for euch other purpoee, if any, described or referred to therein, which improvements are hereinafter collectively called "Improvemente". The Mortgagor shall make or cause to be made all the Improvemente. If the conetruction or inetallation of the Im- provemente ehall not be carried out with ~reaeona~~e diligence, or ehall be diecontinued at any time Por any reason,,other than etrikee, lock-oute, acte of God, Yiree, tloode or other eimilar cataetrophiee, riots, war or ineurrection, the Mor~gagee after due notice to the Mortgagor ie hereby authorized (a) to enter upon the mortgaged pro- perty and employ any watchmen to protect the Improvementa from depredation or in~urq and to preeerve and protect eu~h property, (b) to carry out any or all th~n eaieting contracte between the Mortgagor and other partiee for the purpoee of making any of the i ~ Improvemente, (c) to make and enter into additional contracte and i ~ incur obligatione for the purpoees of completing the Improvemente pureuant to the obligatione of the Mortgagor hereunder, either in the name of the Mortgagee or the Mortgagor, and (d) to pay and die- charge all debts, obligatione and liabilitiee incurred by reaeon of any action taken by the Mortgagee ae provided~~~n thfs Paragraph, ~ all of which amounts eo paid by the Mortgagee, with interest thereon - from the date o~ each such payment, at the rate oP three percent ~(396) per annum~, shall be payable by the Mortgagor to the Mortgagee i ~ on demand and shall be eecured by this Mortgage. ~ • ~ 4. No buildirig or other etructure or improvement, fixture or , ~ ~ personal property mortgaged hereby ehall be removed or demoliehed ~ without the prior written conaent of the Mortgagee. The Mortgagor ; will not make, permit or eu~~er any alteration of or addition to any building or other atructure ~or improvement now or which may ; ~ hereafter be erected or inetalled upon the mortgaged property, or ~ an~r part thereof, egcept the improvementa required to be made pur- . ~ euant to Paragraph 3 hereof, nor will the Mortgagor use, or permit ~ or suffer the uee of, any of the mortgaged property for any purpose ~ other than the purpoee or purposee for which the eame is now intended ` ; ~ to be uaed, without the prior written consent of the Mortgagee. The ~ ~ ~ r Mortgagor will maintain the mortgaged property in good condition and ~ ~ etate oY repair and will not eufYer or permit any waste to any part i ~ thereof, and will promptly comply with all the requirementa oY Fed- . ~ eral, etate and local governmente, or of any departmente, divieione or bureaue thereoY, pertaining to euch property or any part thereoY. ~ ~ - . i ~ . : ~ ~ R~ IO PAGE 6 ~p " ~ 800K . ~J 4{~ s 'fi ~ ~ - ~A:= :