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HomeMy WebLinkAbout0462 . - 2 - assigned ta the Mortgagee a~d are deemed a part of the property mortgaged. hereby, and tbe Mortgagee is bereby autborized to collect and receive tbe proceeda of sucb awards, to give proper receipte and acquittancee there~or, and to apply tbe same taward tbe payment of tbe indebtedneas secured by thia ~iortgage, notwitbstanding tbe fact tbat tbe amount owing thereon may not tben be due and payable; and tbe Mortgagor bereby agrees, upon request, to make, execute and deliver any and all assignmenta and otber instrumente sufficient Yor tbe purpoee of assigning eacb sucb award to the Mortgage~e, free, clear and diacb~rged 4Y any encunbrancee ot any kind or nature wbatsoever; and . ~ TOGETHER witb all right, title and intereat o~ tbe Mortgagor in and to ~he'land lying in tbe atreets and roada in front of and ad~oinin~ tbe above deacribed land (all the above deacribed land, buildinga, otber struGturee, fiu~urea, articlea~ of personal property, awards and otber rigbts and in- tereats being hereinafter collectively called tb~e °mortgaged groperty"). ; TO AAVE AND TO HOLD tbe mortgaged property and every part thereof unto the Mortgagee, its succeeaore and assigne torever ~or tbe purpoaea and uaes herein set tortb. ~ AND the~Mortg~Qr Yurtber covenants and agreea with tbe Mortgagee, ae follows: 1. The Mortgagor will ~rompt].y pay tbe principal of and interest on tY~e indebtedneas~evidenced by tbe Note, and all other cbargea and indebted- nese provided therein and in tbis Mortgage, at tbe times and in tbe manner provided-in the Note and in this~Mortgage. ~ 2. The Mortga~;or will pay wben due, as hereinaYter provided,~all ground rente, if any, and ~ll taxea, assesamenta, water ratee and otber, governmsntal cb~rgee, finea and impoeitione, o~ every kind and nature whatsoever, now or bereafter imposed on tbe mortgaged groperty, or any part ~ thereof, and will pay wben due every amoun~ of indebtedness aecured by any ~ lien to wbich the lien of tbia Mor~gage is expreeely aub~ect. ~ 3. Tbis Mortgage and tbe Note were egecuted and delivered to secnre ~oneys advanced in full to tbe Mortgagor by tbe Mortgagee as or on account of a lo~,n evidenced by the Note, ~or~tbe purpose ot making the improve- menta .described or re~erred to in tbe : i= ~a~~wa~~ ~,~a ebee~ dated _,ey~a~ ~ , 19~, to or ~-~n tbe mort- _ . gaged_property, and Yor sucYi otHer purpoae, i~ any, described or referred to tberein, which improvements are bereina~ter collectively called ~~Im- provements". Tbe Mortgagor aball make or cause to be made all the Im- nrovements. If the conatruction or inetallation of tbe Improvements sball not be carried out with reaaonable diligex~ce, or shall be diecontinued at ' any time ~or any reason, otber tban ~trikes, lock-outs. acts of God, fires, floods or other similar catastropbiee, riote, war or insurrection, tbe" Mortgagee after due. notice to the Mortgagor ia bereby suthorized (a)~to enter upon tbe mortgaged property and employ any watchmen to protect the - Improvements ~rom depredation or in3ury and to preserve and protect such property, (b) to carry out any or~all then eziating contracte between tbe Mortgagor and other partiee Yor tbe purpoee of making any of tbe Improvements, - ~ - ~ Y;~~.~~~ y - - s?~=~' r_~~~:.