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and be a part of any reneWal or extension of this mort-
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15) Mortgagors will at all Cimes do or cause ~
to be done all things necessary to preserve and keep in
full force and effect their corporate existence, rights
and franchises. .
16) Mortgagors will permit Mortgagee and its ;f
representatives at any time during regular business hours
to enter upon the premises of Mortgagors a~d to inspect
any or all_of the property hereby mortgaged. c'
;
17) Mortgagorswill procure:=~~olicies of life in- ~
surance of a kind satisfactor to said mort a ee in the '
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amount of Fou r Nur~d red Thou sand Do l la rs ($400 , 000 . 00 ) on '
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the lives of persons acceptable to said mortgagee as an !
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insurance risk, and Co pay or cause to be paid as they
become due, all premiums on said policies until the debt E
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secured hereby is cancelled; and as additional collateral
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for the indebtedness hereunder secured, to keep said poli- '
cies constantly assigned to said mortgagee in accordance ~
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with the terms of a form of assignment to be furnished by :
~said awrtgagee. ~
18) Failure by Mortgagee_to exercise any_of__the _ ;
rights or options herein provided shall not constitute a
' waiver of any rights or options under said note or this
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~ mortgage accrued or thereafter accruing.
~ IN WITN~SS ~JEiEREOF, the Mortgagors have caused i
these presents to be executed by their officers thereunto
duly authorized, the day and year first above written.
Signed, Sealed and Deli- ~
vered in the presence of: STANDARD SPRA D
. - CHEMIC .
1 1\~ 0 ~ ¦ A• ~_e. ~
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~ _:,~~~p~c`c .r ~ " President .
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: ~ ~ <Nt' ':~f.~~orate i
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Secretary
600K 15~ PACE 5~`#
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