HomeMy WebLinkAbout0177 ~~w~nt; lh~•r~•~+~~ u~~y nc~~ tl~~•~i hr du~• nn~l ~uiyebl~•: n~n1 lh~? M{~~rt};~t;c~r h~•rrbv .1~~rr~R~
u~~~,n ~~qu~~~t , l~~ ~~bke~ execut~ ancl ~I~•liv~~ n~~y a~xl all essl};nments and oth~r i
t„n~ r~on~ents •,utficlcn~. for th~ purpoar ~~1 naesiE;ning eacl~ such aaard tc+ the~ t
~~.?r ~s;af,~~~. ~r~~~~-c~car and dischargeJ of r~ay enc~m~brances of aoy kind or n~ture
1~JIi~11.9A@V~,r; a~~ - -
TOr,I:"1'IIER with all r•ight, title and interest of the Mortgagor in and to the
land lyi~g in th~ streets and roads in fro~t of an8 adjoining the above describsd
land (al~ the above deacribed lsnd, buildings. other structnrea, fixtures. articlea
of personal praperty, a~rards and other righta and iatereats being hereinafter `
collectively called the "aartgaged property").
TO 1tAVF. AND TO HOLD the mortgaged property and every part thereof unto the
MortRage~, ita successors and essigns forever for the purposes and uses herein
Qet forth. ~
AND the Martga~or Eurther covenants aad agrees with the Mortgagee, aa folla+s;
1. Th~ Mortga~or Wiil promptly pay ~t~e princ~pal of and interest on the
indebtedness evidenced by the Note, a~xl all other charges and iadebtedness
provided therein and in this Morts;a;e, ot the tlmes and Ln the manner provided
in tlie N~~te and in thts Mortr,a~e. .
2. Ti~e Mortgagor will pay ~rhen due, .~s hereinafter provided, all ground renta,
i[ any, and all taxes, assessments, uatcr rates and other gover~ental charges.
fincs and iApositions, of every kin~~ and nature WhatsoeveY. nvw or hereafter
Imposed on the mortgaged property, or any part thereof, and ~rfll pey when due
cverv amount of indebted~ess secured by any lien-to which the lien of this
Mortgage.is expressly subject. ,
3. This Mortgage acui the Note were executed-and delivered to secure moneys
advanced.i~ fult to the Hortga~or t~y the Mortgagee as or on account of a loan
cvidenced by the Note, for thr purpose of makin~ the improvements described
or referreci to in the work write-up
.iated April 19 , 19 ~L~, to or on the ~oortgaged property, and for such
other purpose, if any, describe~i c>r referred to therein, vhich improvements
are hereinafter collectively callPd "i~npcovements." The Hortgagor shall make
~ or cause t.o be made all thc~ lm~rnvetaents. if the ronstr.iction or installation
€ ~f the [mprc?vements shall not b< <~arrie~l oat u?ith reasonable diliYence, or
si~all l.c ~tis~-ontinue~J at any ~ i.:.c Cor any reason~ other than strikes~ lock-outs.
~ acts of c;cx1, fires, flocxls, or ~rl~~r ~imilar catastropliies, riots, War or
~ i.nsnrre! C ion, the Mor[ga~,ec . a f t+•r ~+u~~ n~~t i ce to the Mort,v,agor, i s herehy
auth~~rized (a) to enCer upon :l,~~ .,~c~r*.+~ati;erl property aaci c~m~l0~~ any wntchn+~~~~
~prot~cct lt~e I~1'oVernClt*S fro~~~ ~~eps~•~~n~ or injur}~ ~rr~ r_o preserve ~nd protecr
~ suc•h Efrnperty, (b) to carry out any all then existinF, contracrs hrtween tl~r
:-torc.~;agur ~n~l o[hcr par~ies for thc~ ~~~~rpase ~C makin~; any uf tl~e I;nprt~vero~~~ts.
(c) to r.~ak.c am'. entc~r into ad~li[ional ~~nc~•acrs arx] ii~cur obli4;ations f~r r{~^.
puTposes c~l. ~•ompl~tiny the ~m~?r~~-~•~i•ns ti~•~~rsn~nt to the .~hltgations nt th~
itort •;a•;ot i~ereunder i ther t',.• ~:~~•~r th~ MortYa~;ee o~' the '•k~rt ~:ay,~r, aci,t
(d) ;zrt i~ri~ar} e» i! :I.~i~t ; i.a~ ions ~~r1 liahili!-ir~~ i»: ur~ F•l h~•
r~asn~ nf a~~~: 2cti~n takr~: 1,~- tl;c• i:,~:? •a;~.~• as ~•~~~vi~lr,l in tt;ig ~ArAnl"A(~~t, a'!
nf ~~i~~ . a~~o~~,~ts ~.a~:l I,•; ( I„ _ • ~ ~~i ~ 1~ ir~reresr 1 ~~nn I r ~m tl~r ~i~f.e
..f ~•ac~~ 1? P:~•.~ ;,F•r~s ~ at t ;~e ,-r~ ~ • i ,.nt { p~'r .,n~n~r.e, sha I 1 !u•
~~a~lA~~~!• ~~1•_ ~101"~.i'.:IC;Of ~_l) ~~)f ~•etiil .f~••: f~tl ~ic•m~~ri All{~ S~I:i~1 ~~P ClCIIfC(~ ~•V
~_~I 1 !7 : ~ l' . .
. i'.~ '•:,~~~in; ~~r Oti~i•~ :trt~~1+~. . ;~••~•~n•.•r~~~~•~~1~ ti'.t~.ri- r~t'st1nA1 ~?Yi)~~e~t-
~ ~~.(t!~ 7'~ {f~: 1-f-~i': SF~B I)t• ft?IROv.•~~ r • i~•r11• ~ 1 S~~r~) i(~I~~IIt' ~ ~11' I/ll lJl- 1~.ri+ll C(~I1~
`s n ' 1~~~ 'i~?t' -:f••lt~ t; ~ ~ ~ ~tnt '•~~{ci1 ~:CY~91 L:eY til~~ f~•1 At~:• A ~(~•1 _
;:t•ni: t'~• ~~.)II^at• f•. P ,
~ 111~~I1 ~~l i~i' .7~F~~1~j~~lt C!r Atl~~ ~~~'I~~~in' ~~1 .~t_le~`/ c~'1'Ut'C111'~• IlC !t'~I~rOVt'n~~'lIC I1nW ttl
4l}Ilt-!~ ~.,.l~' ~tf'itFlffCC })P E•LE'('l.r,•: OY it~51%I~,i•~~ tt~tl)11 ~.lIC i1K)l~i;at"iE'-~ ~1Y(~~~C1't~/~ OT" af1V
~ ~art t.}rE.r~of, e:-cert tlie i~~~:rover~tents rc~~~~ire~l ~o be made purR~~~nt to Pr+r~gra~~h ;
3 hereof, nor Will the rMrt;;a,or ~~se, or ~~rmit or s~~ffer the use oE, any of `
~he :rort~.a~eci property for any ~urpose other than the purpose or purposes for
~hich the same is nt~w intencle~l to be ~ase~t, with~~~~ th~• priar ~rritteci cc,na~n~
of the 1•~ort~a;ee. The Mortaa ;or ~+ill main[ain the mortgaged property in goocl
con~ii[ion anc~ state of repair arxt *.~ill not suffer or permit any waste tv any
part thercof, and will promptly comply with all the requirements of Federal,
state an~l local ;overnments, or of an}~ departments, ai~isions or bureaus thereof~
pertainin~- to such prop~r[y or any part [hereof.
. ~ - 2 - BooK ~32 ~E 177
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