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Home My WebLink About2848 i . ! ~ ' ~ ~ ~ ~ ~?wim; lb~•~i•uu nw~y no~ Cl~~n t~r d~~~• .11NI pwyAbli•: n~d th~• M~~~t~:a~~c h~ri•by r;;rrc~e. ~ ~•qu~K~ ~ t~~ ~uskc, execute ~~d dc 11 vr~ e~~y end e l l ses i Fnments and ot hc? 1„K~ ~~r~:nts +:ut f iclcni. [or th~ pur~ae af esc~l~;~ing each auch avnrd to the ~ ~~r~rt3;a~;~•~. free, c lear ~nd diach~rFeJ of any encu~brancea of any kitd or n~ture ~ wh+~~.anever; and - ~ 'fOr,F:CF1~R with all right, title a~d interest of the Hortgagor in and to the ~ land lying ia the streets and ~roads in front of and adjoining the above dascTib~d land (~11 the above described la~d, buildings. other structurea, fixtures, srticles of persoaal propetty, aaards and other righta a~d iaterests being hesei~after collectively called the 'lmortgaged property"). • _ 1~0 NAVS AND TO HOLD the aartgaged property aed every part thereof uato the M:artRagee. ita successors and assigns forever for the purposes aad uses hereia = aet ~orth. , AND the liortgagor further covenaats and agrees with the lbrtgegee, as folla?a: ~ 1. The lbrtgagor will prumptly pay thc principal of and interest oa the ~ indebtedness evideaced by the Note~ a~1 all other charges aad itdebtedaess ~ provided therein and in this Mortp,a; c, at the ticsea and in the wnaer provided ; in the Note and in this Mortgage. _ i 2. The Nortgagor vill pay when due, :,s hereiaafter provided, atl groued rents. ir any. and all taxes, assessaients. Water rates ard other governuental charges. { ti~cs and iapositions, af every kiml and nature vhatsoever. naa or hereafter ; Lmposed on the mortgaged property, or any part thereof, and will p~y whan due ~ everv amount of indeStedness secured by any lieo to which the lien of this . , Mortgage is expresaly subject. t • s 3. This Mortgage atul the No[e vere executed and delivered to secure moneys ~ advanced in fult to the Mort~ap,or by the Mortgagee as or on accouat of a loan evidanced by the Note, for tt~c purpose of making the improvements described ~ or referred to in the t~,tork write-up ~ daced April 19 I9'Z!}~, to or on the mortgaged property. and for such ~ o~her purpo~e. if any, describe•i or referred ta therein, ~rhich iaiprovements ~ are hereinafter collectively calle~i "1~rovements." The Nortgagor shall make or ca~~se to be made all tiie Improvements. If the construction or installatien ~ of the [nr;?rover^ents shall not bt: ~-arrte~l out wich reasonable dilip,ence. or af~all l~c: -llscontim~ed at any t.i~;~c for any reason. other than strikes. lock-outs, acts uf (:cx~, fires, Clo~uls, or orher similAr catastropl~ies. riots, war or ins~:rr~: Cion, the I~orteaRee. af~ ~•r ~~u. n~tice to tlie t~lortgagor~ is i~erehy suthurfzc-~i (a) to enter upon ~hc ::~ort~a};ed property and emplo}~ any watchi~~en proCcct lhe 7mprovements froui ~~c~pi~~~~n~ or injur} arrl t~ preserve and protecr s~~ch prapErty, (b) to carry out_ a»~ o: all then extsting contracts I~et~reen tl« :aor~r;agor a~d other pai•ties fcr thr p~~rpose of makin~. any c~f tl~e Tmprovem~~~ts. (c) to ~akc aml enter into additional :ont_racrs And incur obligations fer [1~^ purposes ~~L ~•omplPtin~ the Irn~~r~vo~~rn~ ~~~irsuant to the ~hltgations of th~ ~tort~;a~;c~r i~cre~~nder, .~ither ~n C?,~• the Mortpa~;ee or tl?e ttortf;af;nr. an•~ (d) C~ ~~a~ a:rl .~i~cf~arF.e r+ll ,I~i~l•, •,~~ii~•alions aixl llahilitic~ in~urr~•l b~ r~as.~r oF an~• zction tak~i~ hy thr PI.•=?^~•~~~• ac ;•tovi~i~•1 in rl:ts TaraRrAph, a'! qf.Wit!C{• A~'~01111LS S(~ ~~ajr) ~iV (i~e ~°.•i i--::..~.~•~ Wlll~ :ttt@1'CgC C:•PY~`Otl ~r q0 t_~i~` •~ACC ~,f rac'%~ suc h p~••r~e•~~1 ~ at 10•e ~ t:.,,... ~~r~ ~•~•~i[ {37.) p<'r ~~~nuis~, sha 1 1 I~r payal.(._• h~ ti~e :tort!~~=:or L« Lhe 'in~ r:~,•,•,• .lcm:~rKl arxl shal l F?i• securcci I•v tlti!: :'n• t • . , . :.~~i 1•~ i n;~ .?ti- uti~t•~ ':[Yn;•1~~~ • . i~••~•r..t•r~~~~ri~i i~.t ~~~•r pe~spna prn~~r~ tv ~~:~?r 1. a.,,. l I?~: rt=1,v sha 11 be recnnv•-.1 I~ zh~•~I t• i t h~,uC Lhc• rr inr vr i l.rrn c~n- sent ii~~~ ;i•~rt,~at•~P. TI~f= ti~~. tL~311 n~•t •~~ake, perr~it c,~- ~ntfr•~ ~nv alt~•~-- ACi•~n t~i ~~l' 1r1~11 rjnn t~? Anv h~~i 1~: i Il •.~I~rt cl'rut•tuct• oC i^~p[O~emr~~t 1'1ut,? t?1- ~I~ich ~•~a~ ~,e;eat~cr be cre~t~•~ or i~+stal!~•~1 i:pun !lie~ m~~rc~;a~~l pr~r~rty. or pny part ~i±ernot', excent tl~e iinprove:nents rc~~~~i re~t ~o l~e made purs~uint t~ PAragrapi~ 1 hereof, nor will tlie }Mrt,^,agor i~se, or ~ermtt or snEfcr the use of, any of the morti:a~ed Pr~perty for any purpose other than the purpose or purposes for which tl~e same is ntiw intendecl to be usecl, vithou~_ the prior taritten caneent of the t•to~-t~agee. The Mortga~or Nill maintain the nqrtgaged property in good co~xlition and state of repair and s+ill not suffer or permit any waste .ta any part thereof, and vill promptly comply With all the requirementa of Federal, ; state an~l local s;overnments, or of any deparbnents, aivisions or bureaus thereof, ~ pertainin~ to s~~ch property or any part thereof. ~ ~ ~ . t! . . , _ 2 _ 800K PACf ~547 , r. - _ C - ~-g - - -