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herein either in whole or in part. Any sale of the premises
without the previous written consent of Mortgagee shall be a
default hereunder, but nothing herein shall apply to the sale af
individual condominium units so long as the release price
therefor as he~einafter set forth is paid to Mortgagee.
12. The lien of this Deed secures and shall continue
to secure payment of said indebtedness however evidenced, whether
by said Promissory Note or any renewal or extension thereof or sub-
stitute therefor, or otherwise, until all such indebtedness
shall have been fuliy paid.
13. That in the event the premises hereby mortgaged,
or any part thereof, shall be condemned and taken for public use
under the power of eminent domain, the Mortgagee, its successors
and assigns, shall have the right to demand that all damages
awarded for the taking of or damages to said premises shall be
paid to the Mortgagee, its successors or assigns, up to the
amount then unpaid on this Mortgage and may be applied upon the
payment or payments last payable hereon.
14. To pay all and singular the costs, charges and
i expenses,_including lawyer's fees, reasonably incurred or paid
;
~ at any time by the Mortgagee, because of the failure of the
~ Mortgagor to perform, comply with and abide by each and every
~
~
~ the stipulations, agreements, conditions and covenants of said
Promissory Note and this Mortgage, or either, and every such
payment shall bear interest from date of such payment at the
rate of fifteen per cent (15~) per annum.
~
15. The term "Mortgagor" and "Mortgagee" whenever used
~
~ in this instrument shall include the heirs, personal representatives,
~ successors and assigns of the respective parties hereto. Wherever
~ used, the singular number shall include the plural and the
~
plural the singular, and the use of any gender sfiall include all
~ ge~ders . i
~ ;
~y 16. This is a development and construction loan mortgage,
~
~ the proceeds of which are loaned for the
purpose of financing
~
~ the development and construction of improvements upon the
~
~ P a g e 7 R~~
~K
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