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<br /> � All puymenls mude under the pro��isions �if lhie mortFage �r the nole here6y st•curMl. whieh may he construed ns interesl . ; � . .
<br /> shnll not, in the nggragate over the term thereof, exceed the rnte thal may now t�r Inwfuliy contracted (or in writing. � � � � �
<br /> It is [urther ngr¢ecl ihat in cnse Al1Y SUIf 13 begun to [nnv�lose this mort�age, the hturt�;ngee, ite represenwtives ur aasigns,
<br /> � shnll at once be entiticvl to �the �ossav,ion of snid premises, end upon applicntion theretar, Ihe court in which such action shnll � ��
<br /> be hrought or any judge uF such courf, either in lcrm lime or vacation. is hereby authorizcKl to ap�int n receiver to lake posses-
<br /> sion of saidpremises, or to collecf the rents there(rom, and to do and perform such other acts as mny be myuired by the order � � . �
<br /> a[ the court making the ¢ppointment; and said Murtgugor hereby waiveu nny notice o! such npplication. and nmsrnls to the op-
<br /> ` ' � pointment � of a receirer upon Ihe pr�xluclion of this mndgage, without nther e��idence. . � .
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<br /> '. It is ezpressly ngreed and unders!ood that the Mortgegor shull proceed with fhe rnnstruction o[ a building on Eaid prcmises
<br /> with all reasona6le dispatch, and due� dili6ence and shnll ryay far nny and all eztr�c or morlifiemtiuns ihut he may muke in said ' . �
<br /> building, direct to the h1ort�¢gee to be disbursecl, tn�ether with the money lo:�neci or advimmcl }�y ��id hlortgngee in connection : . . �
<br /> with this loan. And it is turlher agreeci and understoal tliat if the cronstruclion o[ said buil�ling be, ot, any time, discontinued . . �
<br /> or not carried on v�•ith n�nsonable diepatch in lhe judtimtenf of the D9orlgugee, the Mortgngee or nny holder o[ the said note nnd � � '
<br /> � A4ortgage may purchase materials and employ workmen to protcrt enid building, so thut the same shall nol sulTer from deprc�ln• � _ .
<br /> :". � tion or the weather, or to c»mplete eaid buildin�, so thnt it may be us�d for the purpenes tor which it is designed, under the said � � . � � -
<br /> " " ! plans and specifirntions, lhat a(I the s�ms so pnid, or expended, �:hnll be dermed to be advnnms to the hlortgagor, and secured . - :
<br /> � by the sxid irote and morlgage and may be applied, nt the oplion o( tbe said b9ortgugee, nr uny holder of said nute and moNgage ' . . .
<br /> to any advances therea[ter kx�rnming due. But in no event shall the rinrtgnKPe bc lixble in nnp wny to complete snid building or . � � �
<br /> . to pny for the costs o[ mnsttuctiun beyond the ad�•unces o( die umounts depcyitc�l (or said purposes nr loat�ed by the htortgugee . -
<br /> for the construction of this building. And it is further exprestity� agreret and under3taxi that if the �fortgngor shnll fail to complete . .
<br /> snid building in na.�nrdnnce with the agreemr.nts. blue prinls and specificatian; filed in connertion with this laan ar s6a11 neglect, � - . � .
<br /> (nit or refuse to pay for the costs and expensey in connectinn thrrewith, or shutl fail in any other of t.he an•enan4v herein set fnrth, . � � �
<br /> then, nt the option ot Ihe Mortgagee or o( the holder n( thr nute �nd mnrtgage herein mfcrred m, /he r9ortgagee may declare :wiid � �
<br /> � :� Imn to Iw in defsult and the entire amount loanec! sh:il! imntediatcly becrome due nnd pa}•able nnd the property hemin re[erresl ta � �
<br /> SIIIIII Il0 5(.'Cl3CItV fOf FIII of thr ndvnnces o-md expens��s incurred and madc hy thr I+tort�;agee in cnnnection with this provision. ' � � � .
<br /> \Gilho�t IimitinR the generniity ot d�r tore,:oinF, the AfortgaRcv� sh�tl have the right to declarr that de[auit hac been made � � �
<br /> and the entire indebteclnesc hereundet tu tx due and payable al once upon ihe hnppening of any one of the [allowing conditions: . � � �
<br /> - • (n) 'Che tiling o[ nnp lien ngainst the property, w•hethi�r claimed tn br prior tn thr 6rst mortg:iFe or suhject themto; . � . �
<br /> 16) The entry o( any judgment agninst the �iortgxgor, � � �
<br /> (c) 7'hr fuilure to comPly strictly wilh zonine regulotians, thr procisions o( the city huildin� c�wle, or if nnp slop order � � �
<br /> is i.ssucd by public nuthorities: : � � .
<br /> ( dl Any misStLtement in Uie loan application : �. � . . � -.
<br /> (ej Any muterinl changr. in the plans nnd specificaGons not firet xpprovcvi in writing by the �Sorigu�;ee; � � � �
<br /> . � ( () I[ work I�c• delay�Yi or suspended for n periu3 n[ thirty ( 30) day�s �cithout cause snti�facmq• to the Mortg��ee, or �
<br /> should lhe Atortgagor fail lo c•�use work to lx� pr��i•cuted vigorousl��. � � . � �
<br /> � I( thr \fortgagee declures t}�� lazn to UN in dc-tault under any provisions o( this prnvision, the �fortRnger shull he undcr �
<br /> � nn c�ligation tn xdvnnc<• nn�� (urlher moners hen•und�r eithrr fnr p:n�mrnt nf work perfornirci and mxtarial� aln•arh� (urnished, ot . � � � . � . � �
<br /> � � thucc• to I� fumished later hy th� Dfort;;.i�or. � � � � �
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<br /> . It is undc�ntood and agreeel thal lhe Atort„agor �rill use all ad�mnec� made uuder ihis murt�;nge «� arec[ a huildinF on � .
<br /> �' . �;ud premises in llcmrdaiue �rith thr plans, specifications imd ;;ene�i�l nF��'mi�nLc fil -re1 in ronnrction tnrm�vith, and hrretofore � . �
<br /> + approvecl by fhe 1lnrit;a�;n'. �
<br /> It is underst«xl and �grcrd thai all mnterials deli�•rrnd upun ��id pmmivrs for ihe purp�ne uf b�•in� incorporated in tho - . . . . . .
<br /> t � buildin� shall be considered .� pnrt o( ihe buildinti. � . �
<br /> ' � \tort�a�cr aFmes to make �idcances undc•r this Iran for th�• rnn;trurtion of snid buildin„ from limr to timr as ngreed � � . .
<br /> S. � IK•lu�<Km the pnrties hem�o. . �
<br /> f . ANll I7' IS G\PRFSSI.1' AGREGD A:� D L�NDI:RSTOOD that said advanc�•s shall ir paid onl�� when in the jud�nent . �
<br /> , nf ft;t� I�furtgnFee all work usu;dl�' dune at the sta�;e uf ronstruction •.��hen the advance is inadr p;n�aM� sl�all h:icc• fnK�n done in ii .
<br /> F���i :u�d wurkmanlikr maneier. and all materinls and tixtures usually furni;h�si und insl .ill[�d nt that timt� shall have brrn furv �
<br /> nishcd and iiisWlled: but the Alort�agee may ndvance parts, or the whole, u( anq instnilments ��tore ihcy brmmr due, if the \lort- �
<br />� f, gng�r SIIpII IMIIBYC ) I advisahle to du so. v�d all such adc:mces ur pa��mi�n�s shnll be d�-rmed to ha��r� kH�en mad�� in pur.,uance o( �
<br /> �his ugreement. nothinl;. huw�eeer. in � [his ❑�;rermrnt r}��II tx• cunzlrurd as a drlrrminatiun n( thr quali[y nf the w'ork. Inl�i . � .
<br /> or malerials (urnishcKi by th�• \1nrt�agor or enntractor and flm Vort:;ncrr shnll In� unrlrr no dwv ur ubli �;aunn lu make
<br /> # =urh d�•terminntion.
<br /> The \lurtga;;co shfill be su6rugntrd tu :�II uf thc ri�hls. privile�;i�. pnuriiies. nnd equilic� ut wiy lienholder whou� lirn mety .
<br /> iure�• in��•n di.charr;ed frc,m � he pr�K•���•ds u( this loan. or bc ntiq (tutds herehy paid nr (umiahed bv the \lotig;�gee.
<br /> � IT IS EXPRESSLY AGREI:D th�t i[ the '�lort�a�;or shnll srll, cnm���}• or alien:ite s:�id property, or nny part thermf.
<br /> F or anp intemst thcrein, or shall h• dii�estecl o[ his titlo ur any inierEwt therrin in any manner or H��p•, �shether volunLirily or
<br /> involunttfrily, without «�ritten con.ent o( thi� Rturtt;a�;e�� bein�; fir�t had and nbtninecl, 1lortg,igcr .hall hat�e the ri�ht, at iti option.
<br /> � to d�rlare any indrUtM3ness or o}+li�:itions securid hen•by, irrespect.ivr of thr m�turih� dnte s�xrifted in anp note eeiden�•inF the
<br /> s;�me, immedintcly due aru3 pa>•able without notice, mid �:iid dr6t sh:dl Ihereu�x�n tx�com� iiFKolute I ( th�� owner=hip of thc� mort-
<br /> �� g;�ged pro�x�riy U�sromr•s ceste�3 in n pcn:on other than the \tnrtgngor, ihe �fart;;a�it� ma�•, aithuut notice tu thi� \1orl�agor, deal
<br /> with cuch successor or succi•s�urs in interest u�ith rotrrencr� tn Lhis mort�:nge and the d�•bt hereby secund as H•ith thr :�tortgagoq
<br /> i nnd map forbear to sue or m;n• eztend time for the paymen( of thr debt heroby �rcured without discharein� or in unt• ���ay atfcrting
<br /> the liabilit}• o( the oriKinal �fnrtt�:i�;nr hrrcundcr or u��n the d�•bt sex�unvl.
<br />. ' j [ n thi:, inslrument thr singular inclu�iiw � he plur:il und tliv masailfne include, lhe trminin�� und thr m�uli•r and this in- .. � � ..
<br />��`, > crum�mt =h:ill !�� bmdin:; upon ii��� under.i�;nrd. h�s h�•irs �u�nnn �l repre�entali� �, surcrcu�n and nc,itin.. •�:.". ? ' , . .
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