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re:,11('ct of insurance (lescrihed _in tll:~ afur(~said r,•ports. The Ship-
o\\•ner ~Lall use its 11,•~t elt~ort~ to d,'li\•cr to tlu• \tortt;:~ee an at;ree-
nu'nt of each such insurance cuntn:ul~•, undervvriter or fond, ur of an
authoriu`(1 agent thereof, ur, if authot•izcd h\• the Jlurtt;agce, of such
firm of Marine iusnritnce brokers, to the e11•ect that the Ilolic~• or
lx,licies isa,(•d h\• such in;uranrr cuutl,an\•, undcr\\-ritcr or fun(1 shall
nut Tall"`, e~l~ir,•, t(~•rnlinatc ur iu' c:ulcrlled for nrnt-11a~nlcl;t of
1)re]t11tt111 \\-ithuut at Icast :, insurance hu~ines~ da\•s prier \eritten or
tclenraphic notice to the Jlurt;:an(~,•.
((•) t~nlcss uthcr\\•i~c re(luircd h~- the \(urtt;anee h}• nutic•e to
the nndcr\\•riters, althuutll the fullu\\•int; lnsurancc is Irt\•ahlc to the
\1111't~•itT ('(', (1) all\- II,F~ ll lld(`r an\" Ilt ~llrall ('1• (,Tl the \~~'ssel, (':: rl'1M1
1~urslt:ult to tiectiun l:,la) of this .Arti~•l,' I, vvith r~'sp(~'t to hrutectiun
and in~l~•nutit\~ risla uut~- {~(• paid ~lir,•ctl~- t., the tihillm,ncr to r^in1-
1n-rse it 1'ur an\• loss, dulua~.*,• or e~lu•nse actuall\• incurred h\- it and
cu~'et•ed h\~ such insurance (•t• to th~• pcrsnn to \\•huut al:\- liahilit\•
~"
cu\•ered „\- slu•h.insurauce has heeu in,•urrt•d, uud (ii) in the casr of
tu1\- loss (ether than a loss cu\•ered h}• (i) ahu\•e ur by para~;ral,h ((1)
of this tie(•tiun 15) untiler :ut\- insurluu•e \\-itlt re:l,cet to the \•(`>-
sel, rtu•ried lutt•>u:ult to ~e~•tiun 15(u) of this :lrtich• I, i1n-ulv--
inf.; and- dalnaz;e to the ~-es~el, the umlet•\sriters nuts- pa~• ,lirect fur
tiu• rel,}tits, ~t;lvat;, ur other char:;e> in\~ul\'ed ur, if lLe tillil,u\\~ner
shall ha\•e tir;t full\• rel•aired th,• (L•uuat;e ur paid all of the ~al\•nr~e
or ut11(•r cilar:,~es, nla:- l;u~- the tihipu\\-ner -ts reiulhurseulent therefor:
l/ru\•ided, ho\\~e\•er, that i f such d<uua~~e in\-(:I\•(•s a loss in excess of
$'',:,tlU, thL' underyv~riter~ shall not uutke such pa}•uu'nt vvithout first.
ohtttinin~, the \\'ritten consent thereto ot• the ~iort~;a~;ec. :1n\- loss
covered b~• this tutt•at;raph vshicll i. paid to the A1ut•tt;tt~;ec httt v+•hich
nlit;ltt ha~•e been paid, in accut•~lance \\•ith the pru~•i;ions of this pat•a-
graph, direct to the til-ipuvv-ner ur others ::hall l,e Laid h~~ the ~iurt-
gitgee to, ur as (lireeted hv~, the ;~ilipovv-ner and ull other ha~•tuents to
the ~lort~~agee of losses covered h}• this para~.:raplt shall he applied
h~• the llortga~ee as it, in its sole discretion, secs ;it.
(d) 7n the et-ent of an actual or constructive total to-s or a com-
promised cunstrueti\~e total loss or reLluisitinn, all insnrnnce pa~•tnents
therefor shall he paid to the :~tortga~ce and shall he applied to the