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HomeMy WebLinkAbout0453 . y - 2 - assigned to the Mortgagee and are deemed a gart of the property mortgaged hereby, and the Mortga~ee is hereby autborized to collect and receive tbe proc~eds of such awarde, to give proper receipts and acquittances thereYor, and to apply the same toward tbe payment of tbe indebtedneas secured by ~hia Mortgage, notwit~atanding tbe Yact that tbe amount owing thereon may not then be due abd payable; and the Mortgagor hereby agrees, upon requeat, to make, execute a~d deliver an~ ~nd all assignments and other instruments sufficient for the purpose of assignibg eacb aucb award to the Mortgagee, free, clear and discbarged oY any e~cumbrances o~ any ki~d or nature wha~soever; and TOGETHER with all right, title and i»terest of the Mortgagor in and to the~land lyi~g in tbe ~treets and road~ in front o~ and ad~oin~ng tbe_above described la~d (all the above described land, buildi~ge, other etructures, fixtures, a~tieles of pereonal property, awarde and otber rigbta and ib- terests being bereinafter collectively called tbe "mortgaged proparty"). - TO HAVE AND TO HOLD the mortgaged property and every part tbereof unto the Mortgagee, its aucceasore and assigns ~orever for the purposes and uses herein set fortb. AND the Mortgagor furtber cavenants and agreea with the Mortgagee, aa follows: 1. The Mortgagor will promptly pay the principal of and interest on the indebtedne9s evidenced by the Note, and all otber ebarges and indebted- ness provided therein and in tbia Mortgage, at tbe times and in t~e manner provided in tbe Note and in this Mortgage. ~ 2. Tbe Mortgagor will pa~ wben due, as hereina~ter provided, all ground rents, if any, and all taxes, asseasmente, water ratea and other governmental cbar~ea, fines and impositiona, of every kind and ~ature - ' whatsoever, now or hereafter impoaed on tbe mortgaged propertp, or any part . thereof, and will pay when due every amount of indebtednees aecured by any lien to wbicb tbe lien of t~is Mortgage is expreesl~ aub~ect. = 3. Thia Mortgage and tbe Note were egecuted and delivered to secure . moneys advanced in Yull to tbe Mortgagor by'the Mortgagee as or on account . ' of a loan evidenced by the Note, ~or~the purpoae of making the improve- ment9_described or referred to in the rf f~~, bid ehee~~, dated 19_~, to or on tbe mQrt- gaged property, and ~or sucb other purpoee, if any, described or referred +o tberein, wbicb improvemente are bereinafter collectivel~ called "Im- provements". Tbe Mortgagor eball make.or cause to be made all tbe Im- , provements. If the conat~uction or inatallation o~ the Improvemente ahall not be carried out witb r~asonable diligence, or shall be discontinued at any time for anp reason, otber than strikea, lock-oute, acts oY God, fires, floods or other similar cataatropbies, riota, war or ineurrectYOn, tbe M~rtgagee after due notice to tbe M~rt~agor ia hereby suthorized (a) to enter upon tbe mortgaged property and employ any watchmen to protect the Improvementa ~rom depredatiou or in~ury and to preserve and protect sucb property, (b) to~carry out a~y or all then existing contracta between tbe Mortgagor and otber partie$ Yor the purpoae oY makiag any of tbe Improvementa ~~~80 ~ 45~. ~ ~ ~ - - - - ~ ~ , ; - ~ ~ ~ ~ ~:s: