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Home My WebLink About1637 - _ ~ - 2 - ~::signed ~o the rlortgagee and~are deemed a part of the property mortgaged :.ereby, and the Mortgaoee is hereby authorized to collect and receive the ~roceeds oi such awards, to give proper receipts and acquittances therefor, ;:::d to apply tne same toward the payment of the indebtedness ~ecured by `~:,is Mort~a~e, notwithstanding the fact that the amount owin~ thereon may then be due and payable; and the i~iortgagor hereby a~rees, upon request, ~ ~,o ~ake, execute and deliver any and all assignments-and other instruments ~~fficient for the purpose of assigning each such award to the Nortgagee, ~ree, clear and discharged of any encumbrances of any kind or nature ~:~:~atsoever; and ~ TOGETHE~ witr all right, title and interest of the Mortgagor in and to ~:~e~land lying in the streets and roads in front of and adjoining the above ~ ::escribed ~und (all the above described land, buildings, other structures, ~ixtures, articles of personal property, awards and other rights and in- ~zrests bei~~ hereinafter collectively called the "mortgaged property"). TO :IAVE AI~TD TO HOLD the mortgaged property and every part thereof unto ~:e Mortgagee, its successors and assigns ~orever for the purposes and uses ':,:crein set forth. ~i'~TD the Nortgagor further covenants and agrees with the Mortgagee, as ' = J 11 O~~IS : . 1. Thz l+:ortgagor will promptly pay the principa]. of and interest on ~:~e ir.debtedness evidenced by the Note, and all other charges and indebted- ress provided therein and in tc~is Mortgage, at the times and i.n the manner :;rovided in the Note and in this Mortgage. 2. The P:ortgagor wil2 pay when due, as hereinafter provided, all ~;~oand rents, ~f any, and all taxes, assessments, water rates and other ~~vernraental cY~arges, fines and impositions, of every kind and nature :•:::atsoever, n~w or hereafter imposed on the mortgaged property, or any part ; ~::er~of, and wzll pay when due every amount of indebtedness secured by any ? ~ ;~~en to whic'n t'ne lien of this Mortgage is expressly subject. ! ~ ~ 3. This i~iortgage and the Note were executed and delivered to secure ~ ~ W~neys advanced in full to the Mortgagor by the Mortgagee as or on account ~i a loan evidenced by the Note, for the purpose o~ making the improve- :~:~ts described or referred to in the ~inal wor~ write-ups and cost estimates ar~A final hiAr~ dated Rp}~r»arv ~ r ~9_,~Q_~ t0 OI' Ot~ the IDOT't- ; ~~.ged property, and for such other purpose, if any, described or referred ~ '~herein, which improvements are hereinafter collectively ca~led ~~Im- ~ ~ ;:r~ve~ents". ~he Mortgagor shall make or cause to be made all the Im- ' ~ _~r~vements. Ii t~e canstruction or installation of the Improvements shall ~ ~ be carr=ed out with reasonable diligence, or sha?1 be discontinued at ~ ~ ~i~s for ~ny reason, other than strikes, lock-outs, acts of God, fires, ~ '~oods or ot'ner similar catastrophies, riots, war or insurrection, the ~ :~~artgagee aiter due notice to the Mortgagor is hereby authorized (a) to ~ ::~er upon t~e ~ortgaged property and employ any wat~chmen to protect the ` ~ ~~~ravenents irom depredation or injury and to preserve and protect suc'n ~ ~ ~ ~ __.~~perty, (b} to carry out any or all then existing contracts between the ~ ~ :~:~rtgagor and other parties for the purpose oY making any of the Improvements, ~ ~ w~~= ° R 184 ~1634- ~ ' ~ 800K ~ . _ - . . . . _ _ _