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3. Tbi~ Mortgsge and tbe l~ote Mrere ezeou~ted and delivered
to eeaure moneye advanaed in ftill to the Mortgagor by the Mortgagee ~
ae or on aacount ot a loan evidenced by tbe Aote, !or the purpoee •
of making the improvemente deecribed or relerred to in the •
_,_wo,~„~rk write-up end bid sheet ~ de?tea
__~m=~~_, , 19~,g, to or on the mortgaged pro- -
perty, and ~or euah other purpoee, i~ a~?, deeoribed or reYerred to
tberein, whicb improvemente are hereinafter oollectively called
"Improvemente". The Mortgsgor eball make or cauee to be made sll
the Improvemente. IY the oonetruction or inetsllation oY the Im-
provemente ehall not be carried out with reseonable diligence, or
ehall be diecontinued at any time !or ar~y reaeon, other than etril~ee,
lock-outs, acte of Qod, firee, ~].oode or other eimilar cataetropbiee;
riote, war or ineurrection, the Mor~gsgee atter due notice to the ~
Mortgagor ie hereby authorised.(a) to enter upon the mortga~bd pro-
perty and employ a~y watahmen to proteot the Improvemente Yrom
depredation or in3ury and to preeerve and protect eu~h property,
(b) to carry out any or all thea eaieting contracte between~the
Mortgagor and other partiee for the purpoee of ineking any o~ the
Improvemente, (c) to make and enter into additional contracta and
incur obligatione Yor tbe purpoeea of completing the Improvemente
pureuant to the obligatione of the Mortgagor hereunder, eitber in
the name of the Mortgagee or tbe Mortgagor, and (d) to pay and die-
- charge all debte, obligatione and liabilitiee inourred by reaeon
of any action taken ~y the Mortgagee se provided in thie Paragraph, ~
all o~ which amonnte eo paid by the Mortgagee, with•intereet thereon
i irom the date of each euch payment, at the rate oi three percent ~
` -(396) per annum', eball be payable by the Mortgagor to tbe Mortgagee
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on demand and ehall be aecured by thie Mortgage.
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4. No building or other etruature or improvement, fiature or .
pereonal property mortgaged hereby ehall be removed or demoliehed
without the prior written consent of the Mortgagee. The Mortgagor ~
will not make, permit or eu~fer any alteratioa of or addition to •
any building or other etructure~or improvement now or which may (
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hereaYter be erected or inetalled upon the mortgaged property, or ,
ar~y gart tbereoY, eacept the improvemente required to be made pur- -
euant to Paragraph 3 hereof, nor will the Mortgagor uee, or permit ~
or eup~er the uee of, any oY tbe mortgaged property Yor anq purpoee
other than the purpoee or purpoeee tor which the eame ie now intended
to be ueed, without the prior written coneent oY tbe Mortgagee. The
Mortgagor will maintein the mortgaged property in good condition and
etete of repair and will not euYfer or permit any waete to say part t
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thereoi, aad Mill promptly aomply ~ritb all the requiremente o= Fed-
eral, etate and looal goverc~mente, or ot an~l aepsrt~ente, divieione
or b~ureaus thereot, pertaining to encb propert? or any pert thereoi.
~i76 ~i~~97 .
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