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assigned to the Mortgagee and are deemed a vart of the property mortgaged
~ereby, and the Mortgagee is t~ereby authorized to collect and receive the
proceeds of such awards, to give proper receipts and acquittances therefor,
and to agply the same toward tY~e payment of the indebtedness secured by
~this Mort~age, notwithstanding the fact that the amoant owing tbereon may
not then be due~and payable; and the Mortgagor hereby agrees, upon request,
to make, execute and deliver any and all assignments and other instruments
sufficient for the gurpose of assigning each such award to the Mortgagee,
free, clear and discharged of any encumbrances of any kind or nature
whatsoever; and ~
TOGETHER wi~;h all right, title and interest of the Mortgagor in and to
tY~e~land lying in the streets and roads in front of and adjoining the above
described land (all the above described land, buildings, other struc~ures,
fixtures, articles of personal property, awards and other ~rights and in-
terests being hereinafter collectively called tbe "mortgaged property").
TO AAVE AND TO HOLD the mortggged property and every part tbereoY unto
fhe Mortgagee, its successors and assigns forever for the purposes and uses
herein set forth. .
AND the Mortgagor fu~rther covenants and agrees with the'Mortgagee, as
i~llows:
1. The ~+lortgagor will promptly pay the principal of and interest on
the indebtedness evidenced by the Note, and all other cbarges and indebted-
ness pra~ided therein and in this Mortgage, at tbe times and in the manner
provided in the Note and in this Mortgage.
2. The Mortgagor will pay when due, as hereinafter provided, all
groand rents, if any, and all taxes, assessmente, water rates and other
governmental charges, fines and impositions, of every kind and nature
whatsoever, now or hereafter imposed on tbe mortgaged propertg, or any part
~ ~hereof, and will pay when due evexy amount o~ indebtedness secured by any
f lien to which tbe lien of tbis Mortgage i:, expressly subject.
f
3. This Mortgage and the Note were executed and d~livered to secure
moneys advanced in full to the Mortgagor by the Mortgagee as or on account
of a loan evidenced by the Note, for the purpose of making ~he improve-
ments _described or referred to in the Finsl Work Write~Tv and Coat_ E~ti~te_~,~,,,,
Final Bid Sheets dated sent~nber ~1 , 19 6Q_, to or on tbe mort-
gaged property, and for such other purpose, if any,-described or referrecl
~ ~o therein, which ir~provements are hereinafter collectively called "Im- •
~
~ provements". -The Mortgagor shall make or cause to be made all the Im-
~ ~rovements. If the construction or installation of the Improvements shall
~
~ rot be carried out with reasonable diligence, or sball be discontinued at
~ any time for any reason, other than strikes, lock-outs, acts of God, fires,
zloods or other similar catastrophies, riots, war or insurrection, the
i:ortgagee after due~notice to the Mortgagor is hereby authorized (a) to
enter upon the mortgaged property and employ any watchmen to protect the -
Improvements ~rom depredation or injury and to preserve and protect such •
property, (b) to carry out any or all then exist~ng contracts between the
Mortgagor and other parties for the purpose oY making any of the Improvements,
ao~180 ~~4~
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