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asaigned to tbe Mortgagee and are deemed a part of the property mortgaged ~
hereby, and the Mortgagee ie hereby autborised to collect and receive the
proaeede of euob awarde, to give proper reaeipte and acquittancee tberelor,
and to apply the same toward the payment of the indetrtedneee eecured by .
thie Mortgage,~notwitbeta~ding tbe fact t~at tbe amount owing tbereon may
not the~n be due~and payable; and the Mortgagor bereby agreee, upon request,
to make, execute and deliver_any and all aseignmenta and otber instrumente.
sufficient ~or the purpose of aesigning eacb eucb award to tbe Mortgagee,
free, clear. and _ discharged of any encumbrances- oY a~ay kind or nature
whateoever; and ~
TOGETHER with all right, title and intereat of the Mortgagor in and to
the~land lying in tbe streeta and roads in front of and adjoining the above
described land (all tbe above described land, buildi~gs, other atructures, ~
fixturea, articlee of peraonal property, awarcls and other righta and in-•
tereats being bereinafter collectively called tbe "mortgaged property").
TO BAVE APD TO HO~,D tbe mortgaged property and every part thereoY unto
the Mortgagee, ita euccesaore and sesigne forever for tbe p~rpoeee and uaee
herein aet forth.
AND the Mortgagor further covenants and agreee with the Mortgagee, as
follows: ~
1. The Mortgagor will promptly pay the principal o~ and interest on
the indebtednes~~evidenced by the Note, and all otber cbargea aIId indebted-
ness provided therein and in thie Mortgage, at the timee and in the manner
provided-in the Note and in thia Mortgage.
2. The Mortgagor will~pay when due, as hereinaYter provided; all
grouad rents, if any, and all taxes, asaesamente, water ratee and ather
governmental charges, Yines and impoeitione, of every kind and nature ~
! whatsoever, now or hereafter impoaed on the mortgaged property,, or any part
thereof, and will pay when due every amount of indebtedness secured by any
lien to which the lien of tbie Mortgage ie eapreeely eub3ect.
3. This Mortgage and the Note were executed and delivered to secure
~ moneye advanced in Yull to the Mortgagor by the Mortgagee ae or on account
of a loan evidenced by the Note, for the purpose of maki~g the improve-
mente .desqribed or referred to in the ~iQ~l Wor_____k
,W~,i
te~U,p,~ ana Finel _ _
Bi~d Sheeta dated April 1 ~ ~g 7~ , to or on the mort-
gaged property, and for euch other purpoee, i~ any, deacribed or referred
to therein, which improvemente are bereinafter collectively called ~~Im-
provementa.". The Mortgagor shall make or cauee to be made all the Im-
provements. If the conetruction or inetallation of tbe Improvements ehall
not be carried out wi~h reaaonable diligence, or ehall be diecontinued at
any time for any reaeon, other than atrikea, lock-oute, acta of God, firee,
floods or other similar cataetropbiee, riote, war or ineurrection, the
Mortgagee aYter due notice to the Mortgagor ie hereby suthorized (a) to
enter upon the mortgaged property and employ any watchmen to protect the .
I~provemente from depredation or in~ury and to preeerve and protect euch
~roperty, (b) to carry out anq or all then eaieting contracte between the
Mortgagor and other partiee tor tbe purpoee of making any o! tbe Improvemeote,
~ ~ . aoox186 PaCE 41?
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