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HomeMy WebLinkAbout1896 -3- 3. This Mortgage and the Note were exeo~t~fl and delivered to secure moneye advanced ih f`ull to the Mortgagor by the Mortgagee as or on account of a loan evidenoed'by the Note, ~or the purpoee oY making the improvemente deecribed or r~~~~e~'~o in the • ( BID SHF~T dated ~UGUST 23, , 1968_,rto or on tbe mortgaged pro- perty, and for euch other purpoee, i~ eny, described or reterred to therein, wbich improvemente are hereinafter collectively.called ~ "Improvemente". The Mortgagor ehall make or cauee to be made all ~ the Improvemente. If the conatruction or inetallation of the Im- provemente ahal~ not be earried out with reaeonable diligence, or ehall be diecontinued at any time for any reaeon, otber than etrikee, lock-oute, acte of God, ~iree, floode or other eimilar cataetropbiee, riote, war or ineurrection, the Mor:~gagee after due notice to tbe Mortgagor ie hereby suthorized (a) to enter upon the mortgaged pro- perty and employ any watchmen to protect the Improvemente trom ~ depredation or 3.n3ury and to ~reeerve and protect euCh property, (b) to carry out any or all then eaieting contracte between tbe Mortgagor and other parties Yor the purpoee o~ making any of the ~ Improvemente, (c) to make and enter into additional contracte and ' incur obligatione for the purposes oY completing the Improvemente ` f pureuant to the obligations of the Mortgagor hereunder, either in ~ the name of the Mortgagee or the Mortgagor, and (d) to pay and die- charge all debte, obligatione end liabilities incurred by reaeon of any action taken ~y tbe Mortgagee se provided in thie Paragraph, - all of which amonnte eo paid by the Mortgagee, with~intereet tbereon ; trom the date of each euch paymeat, at tbe rate o~ three percent ` ~(39~) per annumr, sball be payable by the Mortgagor to the Mortgagee ~ ~ on demand and ehall be eecured by thie Mortgage. ' ~ 4. No buildirig or other~structure or improvement, fiature or , ~ personal property mortgaged hereby ehall be removed or demoliehed ~ without the prior written consent oY-the Mortgagee. The Mortgagor will not make, permit or euffer any alteration of or addition to ~ any building or other structure~o~ improvement now or which may hereafter be erected or inetalled upon the mortgaged property, or any part thereof, eacept the improvemente required to be made pur- . euant to Paragraph 3 hereof, nor will the Mortgagor use, or permit ~ or suPYer the uee of, any of the mortgaged property for any purpose ~ other than the purpoee or purpoeee for which the eame is now intended ~ to be used, without the prior written coneent ot the Mortgagee. The . i Mortgagor will maintain the mortgaged property in good condition and etate of repair and will not euffer or permit any waste to any part ` thereoY, and will promptly comply with all the requirementa ot Fed- eral, etate and local governmente, or ot a~t d~partmente, divieione or bureaue thereoP, pertaining to eu(eh property or any part thereoi. ~ . • r 600K~75 PACE~S~ y . , - - - _ - - « ' `-4 5F-s' ~ ~ .k...-... _s~.."-~a'?R _3x.r..' .r` e~.., ..-e,.. ._L_ _ " _ ~ ...~"`_..._a,.K~`_'.-d~_','F+.w~