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~~w ~ n~; l li~•~ r~~u u~:~y t~ol I.hrn h~~ ~lu~• r~u~l ~~nvnl?t~• : n~x1 tl~t~ M.~1't t:ttl;cir I~ot'rhv :1~~r.•~~S ~
~~~~~n~ +~•qu~•::1 , t n ou~kr ~ expc~~te and ~li• 1 i v~•~ ~~ny n~xl e L 1 Asts i,n,nment s nnd ot I~cr
i~,~:~r~an~enls •:ulficicnl for thr purp~HC al nstii~;n[ng each such aaard tn the
~;•~Y,~n r~•~• . r 1 ~ar and ~f i schar,^,ed o f nny ene~~mbra~ces of. any kind or n~ ture
vha ~ a~ev~• r; a~xl
T~f:~CtiNR witt~ all rigt~t~ title and Interea~ eE the Mortgagor in and to the
l~nd lyi~K in the streets and roads in front of and adjoining the above described ~
land (all the above described land, buildings, other structurea, fixtures, articles
of personal praperty, avards and other righte and interests being hereinafter
collectively called the 'bnortgaged property"). -
TO 1(AVE AHD TO HOLD the mortgaged property and every part thereof unto the
:~artRage~~~ its successors and assigns forever far the purposes and uaes herein
~ec forth.
ANQ the Martga~or furttier covenants and agrees with the t~lortga~ee, as folloWS:
1. Thc- Mortgagor vill promptly pay tl~e principal of and interest on the
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provided therefn and in this Nort~;a; e, at the times and in the asaener provided
in tl~e Notc and in this MurtRa~e.
2. The i~iortgagor will pay vt~en duc, as hereinafter provided, all ground rents,
i[ any, and all taxes, assessments, water rates and other goverm~ental charges~
fines and inpositions, oi every kin~ and nature ~hatsoever, naw or hereafter
i~posed on the a:ortgaged property, or any part thereof, and will pay when due
every amount of indebted~iess secured by any lien to which the lien of this
Mortgahe is expressly subiect.
3. This Mortgage atxi the Note Were exec~ted and de2ivere~l to secure moneys
advanceci in full to [he h~~rtr,af;or hy the Mortgagee as or on account of a loan -
evidenced by the vote, for tt~e purpose of making the improvements described
c•r referre~ to in Lhe ~,ior~ write-up
~iated April 29 , 19_~,, to or on the mortgaged propc~rty, and for such
other purpose, i.f any. describe~l or referrecl to therein, ~rhith improvements
are herei~af.ter coltectiveiv t~A~1P•I "lmprovements." The Atorty,agor shall make
or ca+~sc to be made all thr Impru~•ements. if the ronstruction or installation
j nf th~~ it:~rrove:nents shall nut i,k• ~-~r: ie~i o~~t aith reasonable dilty~ence. or
; sh~ll ~~iscontint~ed at an•,• t?~::c I-ur any reason. other than ~trikes, lc•ck-~~uts.
~ act~. r~~ c.«~ , f i res, f lo~xls, c~~ ~~rl~c•r Qimi lAr catastrophies, r+ots, war nr
~ i:~s~~rr~=~Lio[~, t~le ~OTC~;R;',l'C'. c~it! 1' ~~1~t' f1nC:CP CO C~1Q AtACC}~85;Ar~ ~S hereh}•
au[hnr i zc•~l (a) to ~reter ~~po~~ 1+~~~ :~,~ir? •ay~e~l property arxl emplo~~ any watche~F~n
~
~ ~t1'O(C•C1. :E:e tmp?~vemen[s fro~~~ ~c~i~i~•~i11 +~~11 (1T lTl)ltfl Afl'i t(~ i~l"P.Set'V[' c~RC; rl"Olc`C~
~ ~~:~•h t~rop~rty, (h) to carr.r out a~~y n. all chen existinF ~~ontracr.s i~r_twee~ tl?~•
~ :~lor: ,;r~gor a~~d ott?er partirs !~r thc ~~~~r~~~se ~f ~nakinf; any c~f tl~P lmprove~*~~+t s,
(c) to ~~a~~_~ anr~ enL'~r intn ad~1i[ional :•on~.?~acrs And inc~.~r obli~;ations f~~ :h~•
autpo~:c~: c~: ~-ompl~tin>', the ~r~i~r~•vt~•,~•r,r.. ~•~~~a;nant to thc` nhlig.'~tions nf ti~~~
'•tori •.a• c?r i~cr.~~~nder ~~•i ti?cr ~ t'. thc~ Florty,a~;cA th~• tMrt ;~ai;nr, ~:r'
(d) tt~ (~t: a:r4 i&:~i~arti a i i •It i i•ai io~~~ a~~~~ li:~hi li! i~••~ i~?.-ur~-r~! hti i
T~~p!:~~1 i~i al~.. 2C~l~li1 ~.qi'~1: f{~r . •~,i• :1C ~•J+IJ~~~F'.1 il~ f~:IC Taravra;~~•, a` ~ {
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~ .F•t~C t'i' ..)t~ •Af'~'f•. r{~ ~ j~r!t •(if i ~ il~.r •~aGi` (•!`t'~•~~1 ~i~ ~•t~~ f~•t %1•~•. A~i
_ RI j~?~~ ~~i a~l~lT t]+~U L~f iltl~ i,r~i ~ t~ ,~1l~rr c~ ~ nrt~~r~• ~r i+q~r~v~~~~~~eC tl~~Lv n:
ti~ 'd~~l[-.'1 ~•.l~ ~tC~L'A~tCt :)P ~•rCrl.tf•i ~q~F:l1~~r•~) tf~q?II tltC !`ut~'~••8^,E'~I ~?Cf~~~rrty~ UY AT1V
g-= ~~ari t.i~c~i~of, e~cent the i+~~E~iove•nents ~c••~~~ir~~l Co he ma~le purs~~~nt to Yar~graph
~;s
~ ~ hereof, nvr will [he i~Mrl;~a~or ~~sc, or ~~~rmit or s~~f'fzr the use of, any of
~ the c.~~rt~.a•~,ec! pr~perty E~r any purpose other than the p~erpose or purposes for
~ c:hi~h tl~e same is nt~w int.encle~l to be ~~se<l~ witt+~n~ th~• priar ~trittes: c<riisen~
~ of tt:e :~?ort~;a~ee. The Mortga ;or ~rill maintain the mortgaged property in goal
~ corr~ition anc~ state of repair arxi vill noc suffer or permit any waste to any ;
~ par[ ther~of, and will promptly compl}• with all the requirements of Federal~
state an~i local ~overnments, or of any departments, divisions or bure~us thereof,
pertainin~- to such prop~rty ar any part thereof.
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