HomeMy WebLinkAbout2362 ~?r+iii+• th~•~r~n~ ur.~y i~ol Chrn hr dni• ~u~l ~~i~ynl?1~•; n~x1 th~~ I*~rt;;r~.;nr I~~rehy A~~r.•is,
n~~~~n ~ t•~u~~s1 ~ t u ~~~ak~• ~ execute anJ ~Ir 1 i v~•~ n~~y a~xl n l l ees i~;n,nent s snd ot hcr
t~~,~~ r~an~~nts •:ut flclc~~~ far th~~ pur~ac ul~ nsxi~;nl~g eacb such award to the
~••~r~~•af•~e~ tr~~r~ rlear and dischar~;ed of .~ny encumbrancea oE any kind or n~ture
wtia 1. Ant~v~ r; atxl
'fOr,F: l'lIN R wi tt~ a 11 ri Rht , t i t le and interest of the Mortgagor in and to the
land tyi~g in the streets and roada in front of and adjoining the above desctibed
land (ell the above described land, buildinga, other structurea, fixtures. articles
of personal property, awards and ott~er rights and interests being hereinafter
collectively called the '4nortgaged property").
TO 11AVE AND TO NOLD the anortgaged property and every part thereof unto the
MartRagee, its successors and assigns forever for the purposes aad uses herein
set forch.
AND the Mortgagor further covenants ancl agrees with the Mortgagee~ as falla+a;
t. The Mortgagor will promptiy pay the principal of and interest on the
indebtedness evidenced by the Note. arxl all other charges and indebtedneas
provided therein and in this Mortp,a;;e, at the timea and in the ma~ner provided
in tl~e Note and in this MortRa~e.
2. Tiie ?lortgagor will pay wi~en due, as hereinaf[er provided, all ground rents,
if any, and all taxes, assessments, water rates a~d other goverrn~ental charges.
ffnes and impositions, of evcry kirx! and nature whatsoever, now or hereafter
. i~nposed on the mortgaged property, or any part thereof, and will psy when due
every amount of indebtedness secured by any lien to which the lien of this
Mortoage is expressly subject.
3.. This Mortgage and the \ote vere executed and delivered to secure moneys
advanceci in full to the MortRaf;or hy t1~e Mortgagee as or on sccount of a loan
evidenced by the Note. for tli~ purpose of making the improvements described
or referreci to in [he Work wri te-up
~lated Aprzl 29 , 19 7, to or on the mortgaged property, and for such "
otl~er purrose, if any, describc~l or referred to therein, which improvements
are liereinafter cotlectively catle~f "lmprovc~+nents." The Mortgagor ahall make
i or cause to be made alt th~ )mprovem~~ttts. If the ronstruction or installatlon
~ ~f the~ (mprovenents shall no~ b~ r~rrie~i o~~t wi[h reasonable diliYence, or
~
; sl~all t~~ ~liscontinued at am~ I.i,,~e for any reason, other than srrikes~ lock-onts,
~ C~ acts ~~f (:oc1~ fires, tlo~~ts, ; r ~rh<•r similAr catastrophies, riots, war nr
~ i ns~~rrr-~ t ion, the rlortp,n~ec ~ a t ~~•r ~~~~c• n~t i ce to the Mort};a~or, i s herehy
3
i auth~~ri~c•~l (a) to enter npon ~~~r~-•a}~e~l property ancl emplo~ aoy watchmen •
w...~ protect ~he. lmprovements iro~~~ ~~c•p~~•<<at ~~.n ~r inj~~r~• arrl t~ rresee-ve a~d protecr
-j such pr~~perty, (b) to carry out any all then exisCing contracts 1~etWer_~ tlu• ;
~ ~
:•lor;.c;agor ~nc! oth.^r partins fc~~ thc• r~~rposc- ot makin~; any c~t tl~e improve~n~nrs,
(c) to <<~ak.c ans! ent~r int.o a~3~li[irn~al :o~~t_~-acrs And incur obli;;ations for rh•~
~ purposes ui ~•omE~l~t i ns; thP Ti~~~•r~~vc•• ~c•~1+ ~~~ir S~~AnL to the nhlig~tiOnS nf Lh~• ,
~brt',:!';tlf i~cr~~nrtder~ C•)r~tel- ~ t:~~•~•• nf C{IP hlortYa,.^,CP_ pl" i~11• '~~Ol"l;:ay,nr, :1:1'1
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T~`ASnI' 811." ?.CCl~l71 L'~k~'1~ [~~r iR~~• •••:l :1c ~•I~~V1r~P•~ et~ t~~lti iara~;rarl~, a~ 1
Af b/~l' i_1' :i~'`Oi11~~S f:l1 ~~A 1~! it'~ ~ ii.e. ( . ~ t.}1 ( ~1 : t?L~i~i"C•Sf- (-~•t•~~••nll ( Y~~III ~iai ~
~~f ra('~~ l~ ~;a~•n~~•nt ~ at L~t(~ r~i ~ r... '~rt ~•~~ttt ~~rr •=~t~1u~u~ tiha l l ht• ;
~l,l•• 1.~• t 1,•_• ;t~.rl~•,~~~or 1.~~ t I~e 'ir~~ t.. •l~,n~a~rl an•l til~~ 1 1 hi• cec~ire-1 I•v ~
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SE'1~(: 1'i ~~i.11 ('•2f•~'f•. T~~~' ~i(~I ~ ~ !U~; •rIA~C:s f)t~t"1'11~- t~l- L1~~ ~~•1 f11~C A~l~.•Y- ~
~ :tl jn~! ~ii a,!•!iC]ri~~ :1~1~• hni ~~'in ..t .?hrt c11t~rC~i1"~' AI' 1~~~~,rov~~~~nnr n~,w t~) ~
~ ~ • .
~ N~1~<'~~ ••.It~ flE'~!'.9~tCt hP '.'rl'~'1_r••• p~ if?!:1%1~~~•i~ tl~t~~tl ~~IE` RH)C~'!;~~E'_~I ~)Cl~(?l`Yt~i~ Of any ~
~ ~~art ~i•E_r~•o~, evc~~t t1~e i~~~~~~ove;nents rr~~~~irp~l ~:o be o~ade purs~~ant to Yar~graph
~ ~ hereof, nor wi 11 the ri~rt~~a ;or use, or ~~rmi.t or s~~Efer the use of, any of
rhe :~:ort~,a~~ed pr~~rerty Cor anv purrose other than the rurpose or purposes for
c.ht~h ti~e same is n~w incendect to be used~ witl?nui th~~ pr~ar Ftrittec~ ccrnaen~
~ of tt~e h!ort~a~ee. The Mort~a,^,or ~+ill mai~tain the mortgaged property in goocl _
~ corx~ition and state of repair and will n~t suffer or permft any waste to a~y
~ part thereof, and will promptly comply with all the requirements of Federel, `
state an~l local s;overnments, or o£ any departments, dfviaions or bureaus thereof~
pertainin~~ to such prop~rty or any part thereof.
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