HomeMy WebLinkAbout0249 2. To permtt, commit or suffer no waste and to maintain
the improvements at all t~mes in a state of good repair and
condition; to comply witl~, or cause be complied with, all
stabutes, ordinances and requi~^eme~~~ : of any governmental or ott?er
authority relating to the Mortgaged Property; and to do or permit
to be done to said premises nothing that will alter or change
the use and character of said Property except as contcmplated by the
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--Construction Loan Agreement of even data herawith by ar~d between - `
Mortgagor as "Borrower" and Mortgagee as "Lender", or in any way
impair or weaken the security of this Mortgage . And in case of the
refusal~ fl~~Lr_`-ert ~r inability of tfie Mortgagor to repair and maintain
said Property, the Mortgagee may, at its option, make such repairs
or cause the same to be made, and advance monies in that behalf.
3. That no buitding or other property now or hereafter
covered by the lien of this Mortgage shalt be removed, demolished
or materially altered, without the prior written consent of ~
Mortgagee .
i 4. That Mortgagor wilt promptly pay and discFiarge any and
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j ~ ail license fees or similar charges, together with any penalties
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~ and interest thereon, which may be imposed by the jurisdiction
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~ in which the Premises are situated for the use of vaults, chutes, -
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ar~as and other space beyond the lot line and under or abutting
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~ the public sidewalks in front of or adjoining the Premises; that ,
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Mortgagor will promptly cure any violation of law and comply with ~
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any order of said jurisdiction in respect of the repair, replace- ~
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ment or condition of the sidewalks or curbs in front of or
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adjoining the Premises; that, if Mortgagor shall default in making
such payment and obtaining such discharge or in curing any such
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viotation, Mortgagee may make such payment, together with penatties ~
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and interest thereon, and obtain such discharge, and cure any such ;
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violation, and the amount of any such payment and the expenses
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incurred by Mortgagee in obtaining such discharge and curing any `
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~ B~x 2~8 249 =
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