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Home My WebLink About0499 _ 2 _ y ~ ~ ass~gr,ed ~o the ~:~rtgagee and are dee~ed a part oi the property aart~aoed ~ '.;ereby, an3 t'r.z ~iort~a~ee is hereby authorized to collect and receivc the ; -~roceeds of such awards, to give proper receipts and acquittances therefor, j and to apply ~ne sa.me toward the payment of the indebtednes~ secured by ;~is ;~ortgage, notwithstanding the fact that the amount owir~ thereon ~ay not then be due and paya~le; and the Mortgagor hereby agrees, upon request, ~o make, execute and deliver any and all assignments and other instruments sufficient for the purpose of assigning each sucY~ award to the i~i~rtgagee, j 5 iree, clear and disc'narged of any encumbrances of any kind or nature ( whatsoever; and # TOCET:~iER with all right, title and interest of th2 Mort~agor in and to " ~he land lying in tne streets and roads in front of and adjoining the above cescribeci ~and (all the above described land, buildings, other structures, ~ixtures, articles of personal property, awards and other rights and in- ~erests '~eing hereinafter collectively called the "mortgaged property"). TO :iAVE ~ TO IiOLD the mortgaged property and every part thereof unto ;,Y:e Mortgagee, its successors and assigns forever for the purposes and uses ',erein set forth. A1~~D t~e Nortgagor further covenants and agrees with the"~lortgagee, as Follows: i. ~he t~'iortgagor will promptly pay the principal ~f an3 interest on ~:~e indebtedness evidenced by the Yote, and all other charges and indebted- ~.ess provicied therein and in this Mortgage, at the times and in the manner ~rovided in the Note and in this Mortgage. ~ _ ~ 2. The Mortgagor will pay w'nen due, as hereinafter provided, all ~ ~round rents, if any, and all taxes, assessments, water rates and other ?overnmental cY:arges, fines and impositions, of every kind and nature ~ ~~hatsoever, now or hereafter imposed on the mortgaged property, or any part E t~:ereof, and will pay when due every a.mount of indebtednESS secured by any ~ lien to which the ~ien of this Mor~gage is expressly subject. ~ 1 ~ ~ 3. Tnis ~ortgage and the Note were executed and delivered to ::~:ure ~ ~ ~oneys advance3 in full to the Mortgagor by the Mortgagee as or on a~:„t ° oi a loan evidenced by the l~Tote, for the purpose of making t'ne improve- ; ; ments described or referred to in the Final Work Write-Ua and Co"st Estim~e ~ dated ~TAn~~r , 19~p., to or on the mort- ; baged property, and for such other purpose, if any, described or referred ~ ~ therein, which i~provements are hereinafter collectively ca17_ed "Im- 4 F ~rove,~en~s". Lhe :Sortgagor shall make or cause to be made all the Im- ~ ~ ~rove~ent~. ~f tY,e construction or installation of the Improvemenis shall " ~ - ~ r.ct ~e carr~ed ~u~ wi~a reasonable diligence, or shall be discon-~inued at ~ ~ ~ any .ti:~e ior any reason, other than stri'~es, lock-outs, acts of God, fires, ~ ~~o~ds or ot'ner sirailar catastrophies, riots, war or insurrection, the ~ :::.rt~agee after due not~ce to the Mortgagor is hereby authorized (a} to ~ ~nter u~on tne mortgaged property and emplay any c~ratchmen to protect the ,y ~ ~:prove~er~s fr~n depredation or iujury and to preserve and pratect such ~ ;roperty, (b) to carry out any or all then existing contracts between the ~ ~ :~ortgagor and o~her parties ior the purpose of making any of the Improvements,~ ~ ~ ~ , ~ ~ $ ~~E .499 ~ ~ B~DK ~ ~ _ ~ ~y f ;ss - _ ~ - ~ - - - _ _ . . _ . . . _ ^ _ _ _ _ . . . . _ _ , _ ~i~a :