HomeMy WebLinkAbout0541 . ~ •
. . .
. •
~ - ' Rgvrr~. ~ '
• .
The Diorto:~~or is tlie oivi~er of tlie Premises described in Schedulo
~ .A~ Lereto. '1'hc Jlortgagor proposes to crcct substantiul improvements . ,
on suid preniises and, in orclcr to l~teance the construetion tLercoF, ~rill
borro~v . iLe \Iort~l~c l~moant from ttie 1ltortanbce pttrsnttnt to a
~ buildinb loau a~rcem2nt i~cl~~cen thc~n dutc~ the duto hereof nnd hus
ezecnied ancl dcli~~crecl to thc ltori,~agcc iis ;:otc, dated the date Lcrcof,
oblig~tin ; it to pay the ~Iortaane 1lniount, or so much tlicrcof ns may
be advunced in accordance ~vith the terms of suid buildina loan aarce-
ment, TLc said buildin~ loan a~rcement a~d the said note, to~ethcr
with anq modificatious or amendmciits thcreof, ure l~crcinafter refcrred
; _ to us tLe Buildina Loan ~grcemeut a»d tlie ~TOte.
E
i
i CiERTAIN D~FI:~ ITIO\ S 2
f . The Dlorto~gor und tl~e ~Iortgagee agree that, uniess the conteat
~ . othertrise specifics or requires tlie folIo~: iub terms s1iall ha~e fLe incan-
' ~ in~,s Lereiii specif ed, sncli de.initivns to be applicable equally to tlie ~
' singular and the plural forms of such tcrms.
~
~
3 . -«Cl~attels" means ~ 1t fi.stures, fittin~s, appli:~nces, apparatns,
e
# equipmenf, n~achiuer}• ancl ~rticles of ~er~onal proiicrty and replaee-
; meufs tLereof, other fhan tho~e o~•: i?cd by lessecs, no~r- or at anr :i~ne
_ . hereafter n~ied to, ~ttached to, pI~ced upon, or used in nn~ ~ra}~ in
connectioti n itli the complete and comfortable iise, enjosment, occu- _
pancy or operation of the Impro~ements on the Premises. .
s'
"Coustructiou Period" means the period from the date hereof to - "
s1.~ /"~.,..,.....t 1:r a., al. a a.._..... • ~ ai. ~ •la• r
; - ~.aaC VVj11F~iCllylL ~i:a~c; u~ ~uii~ ~i:aiu i~ tia;fiTir!~ Iu tu~ Ti?it•liII~ ~_an
; ~ ~.greement.
~ _ "Events of Default" mcans the events and circumstances descriUed ~ ~
} as sueh in Section 2.01 liercof. .
~ • "Improrenients" means all structures or buil~inas, and replace-
~ • -
3 , ments t2~ercoC, fo be erected or now or hereafter located upon the ~
z Premises bp f Iie Slortba~or, includiu~ all Plant equipment, apPar~~ttus, ~
~
<<
; - r:
_ 224 PAL~
~ -
_ .
_ ,
: _ - . _ , - ;
~ 1
" YS