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3. This Mortgage and the Note were exeQUted and delivered
to secure moneye advanaed in ftiill to the Mortgagor by the Mortgagee
as;or on account of a loan evidenced by tbe Note, for the purpoee =
o~' ing the improvements described or referred to in the •
- ' dated
, 19,§$, rto or on the mortgaged pro-
pertyt, and ~ot`~such other purpose, if any, desoribed or referred to
therein, which improvemente are hereinafter colleatively called
~ "Improvementa~~. The Mortgagor ehall make or cause to be made all
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the Improvements. If the conatruction or installation of the Im-
provementa shall not be carried out with reaeonable diligence, or
sball be diecon~inued at any time for a~y reason, other than atrikee,
lock-outa, acta of God, firee, fl~oda or other similar catastrophiea,
riots, war or insurrection, the Mor~~agee after due notice to the
Mortgagor is hereby suthorized (a) to enter upon the mortgaged pro-
perty and employ any watchmen to protect the Improvementa from
depredation or injury and to~~reeerve and protect suCh property,
(b) to carry out any or all then exiating contracta between the
Mortgagor and other parties for the purpose o~ making any of the
Improvements, (c) to~make and enter into additional contracte and
incur obligations for the purpoaes of completing the Improvementa
pursuant to the obligationa of the Mortgagor hereunder, either in
the name of the Mortgagee or the Mortgagor, and (.d) to pay and dis-
charge all debts, obligatione and liabilitiea incurred by reaaon
of any action taken by the Mortgagee as provided in this Paragraph, •
all of which amounta so pa,id by the Mortgagee, with~.intereat thereon
from the date of each auch payment, at the rate o~ three percent ~
~ ~~3~) per annu~, shall be payable by the Mortgagor to the Mortgagee
~
~ on demand and ahall be eecured by this Mortgage.
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4. No building or other structure or improvement, fixture or ,
personal property mortgaged hereby shall be removed or demoliabed
without the prior written consent of the Mortgagee. The Mortgagor
will not make, permit or auffer any alteratfon of or addition to
any building or other atructure-or improvement now or which may
hereafter be erected or installed upon the mortgaged property, or
any part thereof, except the improvemerits required to be made pur- .
suant to Paragraph 3 hereof, nor will the Mortgagor use, or permit
~ or suffer the use of, any o~ the mortgaged property for any purpose
other than the purpose or purpoaea ~or r~ich the same i9 now intended
to be used, without the prior written coneent of the Mortgagee. The
Mortgagor will maintain the mortgaged property in good condition and
atate of repair and will not suffer or permit any waste to any part
thereof, and will promptly comply with all the requirementa oY Fed- •
eral, atate and local governments, or of any departmenta, divieione
_ or bureaue thereoY, pertaining to such property or anq part thereof. .
177 ~~51
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