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5. The Mortgagor will not voluntarily create, or permit or
auffer 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
Mortgage, exclusive o~ the lien or liens, if any, to which this '
Mortgage is expressly aubject, as set forth in the granting clause
abo~e, and will keeg and maintain the sam.e free from the claims of
all parties supplying labor or materials~which will enter into the
construction or installation o~ the Improvements.
6. (a) The Mortgagor will keep all buildin~s, other structures "
and improvements, including equipment, now existing or. which may ~
hereafter be erected or installed on the land mortgaged hereby,
insured against loss by fire and other hazards, casualties and •
contingencies, in such amounts and manner, and for such periods,
all as may be required from time to time by the Mortgagee. IInless
otr,erwise required by the Mortgagee, all sucb~insurance shall be
effected by Standard Fire and Extended Coverage Insurance policies,
in amounts not less than necessary to comply wi~th the coinsurance
clause percentage of the value applicable to the location and char-
acter of the property to be covered. All such insurance shall be ~
carried in companies approved by the l~ortgagee and 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 ahall be satisfactory to the Mortgagee. All such policies and '
attachments t~ereto shall, be delivered promptly to the Mortgagee,
unless they are required to be delivered to the holder of a lien of
~ a mortgage a~ similar ins~~..;~ent to wnich this Mortgage is expressly
~
~ subject, in which latter event certificated thereof, satisfactory •
to the Mortgagee, shall be delivered promptly to the Mortgagee.
The Mortgagor will pay promptly when due, as hereinafter provided,
any ana all premiums on such insurance, and in every case in which
payment thereof is not made from the deposits therefor required bg
this Mortgage, promptly submit to the Mortgagee for examina,tion
receipts or other evidence o~ such payment as shall be satisfactory
to the Mortgagee. The Mortgagee may obtain and pay the premium on
(but ~._all be under no obligation to do so) every kind of insurance .
reQuired hereby if the amount of ~such premium has not been deposited
as required by this Mortgage, in which event the Mortgagor will pay
to the Mortgagee every premium so paid by the Mortgagee.
~(b) In the event of loss or dama~ge to the mortgaged pro-
perty, the Mortgagor will give to the :~iortgagee immediate notice ~
thereof by ma=1, and the Mortgag.:e may make and file proof of loss
if no~ made o~herwiae promptly by or on behalf of the Mortgagor. ~
Each -~:~surar:ce company issuing any such policy is hereby author;~..~
and ~_rected to make payment thereunder for such ~~ss to ~he Mor~~~oor
and :~iortgagee jointly, unless the amount of loss is payable ~::s;.
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