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5. The Mortgagor will no~ voluntarily create, or permit or ~
sui~e~ to be created or to exist, on or against the mortgaged pro-
perty, or any part thereof, any lien superior to the lien of this
~ortgage, exclusive of the lien or liens, if any, to which this
.Mortgage is expressly subjeet, as set forth in t,he granting clause
above, and will keep and maintain the same free fro~ the claims of
all rarties supplying labor or materials which will enter into the
construction or installation of the Improvements.
6. (a) The Mortgagor will keep all buildings, other structures
and improvements, including equipment, now existing or which may
hereafter be erected or installed on ~ne land mortgaged hereby,
insured against loss by fire and other hazards, casualties and -
contingencies, in such amounts and manner, ann fo.r such periods, ~
all as may be required from tiae to time by the Mortgagee. Unless
otherwise required by the Mortgagee, all such insurance shall be
effected by Standard Fire and Extended Coverage Insurance policies,
in amounts not less than necessary to comply with the coinsurance
clause percentage of t~e value applicable to the location and char-
acter of the property to be covered. Al1 such insurance shall be
carried in co~panies approved by the Mortgagee ,~-:d all policies
therefor shall be in such form and shall have attached thereto
loss payable clauses in favor of the Mortgagee and any other parties
as shall be satisfactory to the Mortgagee. All such policies and '
attacllments thereto shall, be delivered promptly to the Mortgagee,
unless they are required to be delivered to the holder of a lien of
' a mortgage or similar instrument to which this Mortgage is expressly
,
; subject, in which latter event certificated thereof, satisfactory • }
` to the Mortgagee, shall be delivered promptly ~o the Mortgagee. ~
The Mortgagor will pay promptly when due, as hereinafter provided, ;
any and all premiums ori such insurance, and in every case in which
payment thereof is not made from the deposits therefor required by ~
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this Mortgage, promptly submit to the Mortgagee for examination ~
receipts or other evidence of such payment as shall be satisfactory ~
to the ~Iortgagee. The Mortgagee may obtain and pay the premium on ~
(but sr.all be under no obligat~on to do so) every kind of insurance .
required hereby if the amount of such premium has not been deposited ~
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as required by this Mortgage, in which event the Mortgagor wi~l pay
to the Mortgabee every premium so paid by the Mortgagee. ~
~(b) ~:n the event of loss or da.mage to the mortgaged pro-
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perty, ~he T~Ia~~~gagor will give to the Mortgagee immediate notice
thereo~ by ~a~l, and the Mortgagee may make and file proof of loss
if no.;, ~ade o~'nerwise promptly by or on behalf of the ~Ior~gagor.
Each `r.surance com~any issuing any such policy is hereby authori~~d
and :.~rected to ma~e paymer.~ thereunder ~or such loss to the Mor:;agor
and the :~.or~gagee ~ointly, un~ess the a,~ount of loss is payable i~rst
;
aQOx 174 ~1428