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Home My WebLink About2853 : . t . _ ~ _ aseigned to the Mortgagee a~d~are deemed a part o! tbe property mortgaged hereby, and the Mortgagee ia hereby authori~ed to collect aad receive tbe r proceede of euch ~wards, to give proper reaeipta and acquittancee therefor. ~ and to apply the same toward tbe payme~at o! tbe indebtedneea eecured by ~ ~ ~ this Mortgage, rotwithstarding tbe fact that tbe amount owing tbereon may ~ not then be due and payable; and the Mortgagor hereby agreee, upon requeet, i ; to make, execut.e and deliver any and all aeeignmenta a~d otber inetrumente ` sufficient for the purpoae of aseigning eacb.~aucb award.to the Mortgagee, ~ free, clear and diecharged of any encumbrancee o~ any kfnd or nature what~oever; and ` TOGETHER witb all right, title and interest of the Mortgagor in and to the land lying in the $treeta and roade in front of and~adjoining the above described land (all the above~described land, buildiDge, other structuree, fixtures, article9 of personal property, awarda and otber righte a~d in- tereats being hereinafter collectively called the "mortgaged property"). TO AAVE AND TO~HOLD the mortgaged property and every part tbereof unto the Mortgagee, its aucc~ssora and assigne forever for tbe purpoees and ueee herein set-forth. AND tbe Mortgagor further covenanta and sgrees with the Mortgagee, as follows: 1. The Mortgagor will promptly paq the principal of and intere9t on the indebtedne9a evidenced by tbe Note, and all otber cbargee and indebted- ness provided therei~ sAd in this Mortgage, at tbe timea and ip tbe manner . r , provide8 in the Note end in thia Mortgage. 2. Tbe Mortgagor will pay when due,~as hereinafter provided, all ground rents, if any, and all taxes, aseeasmente, water ratee and otber - g~vernmental cbarges, fines and impoaitiona, of~every kind and nature ~ whateoever, now or hereafter imposed on the mortgaged property, or any part ~ thereof, and will pay when due every amount o_f .indebtedneea eecured by any ~ lien to which tbe lien o~ tbis Mortgage ia expressly eub~ect. 3. This Mortgage and the Note were egecuted and delivered to aecure moneys advanced in Yull to tbe Mortgagor by tbe Mortgagee se or on account af a loan evidenced by.the Note, for tbe purpoae oY making the improve- ~enta.c3escribed or reFerred to in tbe Final Work Write-up and Bid s6eet - - dated June 10 , 19~, to or on tbe mort- ~ gaged property, and ~or such other purpoee, iY any, described or reYerred ~o therein, wbicb improvements are hereinaYter collectively called ~~Im- ~rovementa". The Mortgagor eball make or cauee to be made all tbe Im- ~ ~rovements. If the conatruction or installation of the~Improvements eball ~ ::~~t be carried out witb reasonable dili~ence, or sball be diecontinued at - an;~ time for any reason, other than strikes, lock-outs, acte of God, firee, ~loods or other similar cataatrophiea, riots, war or inaurrection, the ~ :.~rtgagee aYter due notice to the Mortgagor ie hereby autborized (a) to ~ enter upon the mortgaged property and employ any wa~"chmen to protect the ' TmprovemeDta Yrom depredation or in~urq~and~to preserve and protect euch ~ property, (b) to carry out any or all then exieti~g contraota between tbe ° ; ::artgagor and otber parties for the purpoee ot making any ot the Improvemente, eo$~ 1$S r,~cf 2$46 . -p - . _ . ~ _ s~`~ - ~ ~ ~ _ _