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_ 3. This Mortgage and the Note were executed and delivered
to secure moneya advanced in ftiill to the Mortgagor b~ the Mortgagee
ae or on account of a loan evidenced by the Note, for the purpoae
of making the improvementa described or referred to in the
WOHIt WRITE-IIP AND BID SHEET dated
AUGUST 19, , 19 68 , to or on the mort~aged pro-
perty, and for auch other purpose, if any, described or referred to
therein, which improvements are hereinafter collectively called
~~Improvemente". The Mortgagor shall make or cauae to be made all
tbe Improvements. If the conetruction or inatallation of the Im-
provemente shall not be carried out with reseonable diligence, or
ahall be discontinued at any time for any reaaon, other than atrikee,
lock-outa, acte of God, firee, floods or other eimilar cataetrophies,
riots, war or insurrection, the Mor~gagee after due notice to the
Mortgagor ia hereby suthorized (a) to enter upon the mortgaged pro-
perty and employ any watchmen to protect the Improvements from
depredation or in~ury and to preaerve and protect auch property,
(b) to carry out any or all then exiating contracts between the
Mortgagor and other parties for the purpose of making any of the
Improvements, (c) to make and enter into additional contracts and
incur obligations for the purpoeea of completing the Improvementa
pureuant to the obligations of the Mortga.gor hereunder, either in
the name of the Mortgagee or the Mortgagor, and (d) to pay and dis-
charge all debta, obligationa and liabilitiea incurred by reason
of any action taken by the Mortgagee as provided in thia Paragraph,
; all of which amounts so paid by the Mortgagee, witb intereat thereon
j from the date of each such payment, at the rate of three percent
' (39~) per annum, ahall be payable by the Mortgagor to the Mortgagee
on demand and ahall be secured by this Mortgage.
4. No building or other atructure or improvement, fixture or
peraonal propertq mortgaged hereby ahall be removed or demolished
without the prior written con~ent of the Mortgagee. The Mortgagor `
will not make, permit or euffer 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
any part thereof, egcept the improvementa required to be made pur-
auant to Paragraph 3 hereof, nor will the Mortgagor use, or permit
~ or suffer the use oY, any of the mortgaged property for any purpose
~ other than the purpose or purposee for which the asme ie now intended
~ to be used, without the prior written consent~of the Mortgagee. The
Mortgagor will maintain the mortgaged property in good condition and }
etate of repair and will not suffer or permit any waste to any part
thereof, and will promptly comply with all the requirementa of Fed-
eral, atate and local governmente, or of any departmente, divieiona s
or bureaue thereof, pertaining to euch property or any part thereof. ~
ao4x 175 ~ ~3
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