HomeMy WebLinkAbout0545 ~
~ . .
.
• .
~ 6
BEOTION 1.05. ThQ Diort~ngor, if a corporntion, will, so long as ,
• it is o~vncr of tLc Tfurt;;a~cd Propcrtp, do ~11 tliings ncccssnry to pro-
aerve ui~d )ccep in full forcQ und cl~ect its existe~ice, frunchises, rifihts
. ~and pri~ilc~es us a business or staclc corporntioti under tt~e la~ve of ~
the stutc of its incori~oration und will comply ~r•itL all regulations, ~
rulea, ordin~nces, stntutes, orders nnd decrees of any governmentul
sutl~ority ~ or court ~pplic.lble to tLo Dlortbuoor or to the ~iorts~~~a
Propcrt~ or aiiy part thercof.
SECTION 1.OG. All rigl~t, titlc and interest of the Dlortgagor in and
~ to all e~tcnsions, imProvements, bettenncnts, renc~rlls, substitutes nnd
~ replaccme~its of, nnd all additions and appnrtenances to, the lliort-
- gaged Property, licrcafter ncquired by, or relclsed to, the 1lfort~a~or
or constructed, ussembiccl or pluced bp the Dfort~~,or on the Premises,
` and nll con~ ersions of the security constituted tl~crebs, inLnediately
; . upon sucl~ acquisition, relcasc, construction, assembling, placcment or
~ eon~er. io~?, as the casc may be, ~uci in each sucl~ casc, ~ithout any
~ , fnrther niort~aoe, concerance, assi;nment or other zct br the ~fort-
~ Sagor, sL:ill bccomc suUject to thc li~ii of tl~is ;~iort~abe as fully aud
~ completcls, and «•itli iLe same effect, as thou,h no~~~ o~cned bs fhe
~ ~ Diort~loor a~id specifically describecl in tbe grantina clause hereof,
~ Lut ~t ans ancl all iimes tl:c ~iort~a~or ~~•ill eaccutc and deli~er to 1Le
~ '~ort~asee uns und nll such furtLer assurnnces, mortaa~es, convey-
~ tmces or 15si;;nments ilici•cof ~s tlie ~~ortha~ce m:tF reasonabls reqnire
{ for tlie purpose of espressl~ a~:d sPecificall~ subjec~i»a the same to
~ the lien of this ~fortg~sc.
~ -
~ $ECrio` I.U7. (a} Tlie \lorr~;a~or, from timc to timc tcl~en tl~e ~
~ ~ same shall become ~iue, .u~d, durin~ tlie Construction Period as soon as
~ the same become lic~ts ~~•uctiier or uot ilieu ~lue ancl parlble, ~cill Pa~
and discharbe all tases of ever~~ kind ar.d nature, all beneral aud special ~
" assessments, le~ics, permifs, inspcction avd license fces, all ~vater and '
~
sewer rents and ci~arocs, and all other public char~e~ ~shether of a li::e
or diffcrent nature, im~ased upon or asscssed against the ,lTortgaged
~ Propertp or ar.y part tl~ercof or upon the re~enues, rents, issues, income ~
,j~-; ' nnd profits of the ~ fortb: ~ed Property or arisin~ in respect of the occu- ~
: pancy, nse or possession tLcreof. TI~c ~fortgagor will, upon tho re- ~
:y ~
_ ,
:~3 -
: r s 224 ~a~E" 544
.
:i'F~.i ~ , ~
~,t'<.Y .
~a ~ ~
_ _ . . , r . a,"~~;`.