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Home My WebLink About1443 ~ . . . - 2 - ; a5signed to the ~~Iortgagee and are deemed a pa.rt of the propert;/ mortgaged ~ ;~ereby, and the Mortgagee is hereby authorized'to collect and receive the ` proceeds oi such awards, to give proper receipts and~acquittances therefor, and t~ apply the same toward the payment of the indebtedness s~cured by ~ tt~is Mortgage, notwithstanding the Yact that the amount owing thereon may ~ ;~ot then be due and payable; and the Mortgagor hereby agrees, upon request, ~o make, execute and deliver any and all assignments and other instrument~ ~ sufficient for the purpose of assigning each such award to the ~iortgagee, ~ree, clear and discharged of any encumbrances oY any kind or nature ~ w~atsoever; and ~ ~ TOGETHER with all right, title and interest of the l~ortgagor in and to the land lying in tbe streets and roads in front of and adjoining the~above nescribed land (all the above described land, buildings, other structures, fixture5, articles of personal property, awards and other rights and in- terests being hereinafter collectively called tbe "mortgaged property"). TO HAVE AND TO HOLD the mortgaged property and every part thereo~ unto the Mortgagee, its successors and assigns ~orever for the purposes and uses , nerein set forth. ~ ~ t AND the Mortgagor further covenants and agrees with the'Mortgagee, as 1 follows: ~ . . 1. Thz Mortgagor will promptly pay the principal of and interest on ~he indebtedness evidenced by the Note, and all otber charges and indebted- r.ess provided therein and in this Mortgage, at the times and in the~manner provided in the Note and in this Mortgage. ~ 2. The Mortgagor will pay when due, as hereinafter provided, all Cround rents, if any, and all taxes, assessments, water rates and other : ~overnmental cbarges, fines and impositions, of every kind and nature ~~~hatsoever, now or hereafter imposed on the mortgaged property, or any part ~:~ereof, and will pay when due:every amount of indebtedness secured by a~y f lien to which the lien of this Mortgage is expressly subject. ~ . i 3. This ~Iortgage and the Note were executed and delivered to secure i ~.oneys advanced in full to the Mortgagor by the Mortgagee as or on account ~ ~f a loan evidenced by the Note, for the purpose of making the improve- ~ents_described or referred to in the Final Work Write-u~s and Bid Sheet,s _ ~ dated Se~tember 30~ 1969 , 19 , to or on the mort- ~ ~aged property, and Yor such other purpose, if any, described or referred ~ to therein, which improvements are hereinafter collectively called ~~Im- ~ vrovemenis". The Mortgagor shall make or cause to be made all the Im- ~ ~r~vements. If the construction or installation of the Imgro.vements shall ~ ::ot be carried out with reasonable diligence, or shall be discontinued at ~ ar.y.~ine for any reason, other than strikes, lock-outs, acts of God, fires, ~ ~~oods or other similar catastrophies, riots, war or insurrzction, the ~ :~:~rtgagee after due n~tice to tbe ~iortgagor is hereby authorized (a) to ~ enter uron the mortgaged praperty and employ any watcY~men to protect the =~provements from depredation or in~ury and to preserve and protect auch • :roperty, (b) to carry out any or all then existing contracts between the :~iortgagor and other parties for the purpoae oY making any o.Y the Improvementa, 800K~~ pACE1~ b00K 1~t~ PAGE 6~ . - _ _ . . _ - - _ _ _