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satisfactory to tbe Mortgagee, ehall be delivered.promptly to tbe Mort-
gagee. The Mortgagar will pay promptly when due, as bereinafter pro-
vided, any and all pr'emiums on sucb insuranee, and in every case in wbich -
payment tbereof is not made from the deposite therefor required by tbia
Mortgage, promptl~ submit to tbe Mortga~ee for examination rec~ipte or
otber evidence of sucb payment ae~aball be_eatie~actory to the Mortgagee,
~~he Mortgagee may abtain and pay tbe premium on (but shall be under no
obligation to do so) every kind of insurance required hereby if tbe amount
~f such premium bae not been depoeited as required_by this Mortgage, in
which event the Mortgagor will pay to_tbe Mortgagee every premium so paid
by tbe Mortgagee.
(b~ IA the event of ioss or damage to tbe mortgaged property,
the Mortga~or will give to the Mortgagee immediate notice tbereof by
mail, and the Mortgagee may make and file proof of loss i~~not ma3e otber- •
wise promptly by or on bebalf of tbe Mortgagor. Eacb inaurance.company
issuing any such policy is bereby authorized and directed to make payment
thereunder f~r such loas to tbe Mortgagor and tbe Mortgagee ~ointly, un-
leas the amount of loss is~payable first ~to tbe bolder of a lien under a
mort~age or similar ins~trument to wbicb tbia Mortgage is expressly sub3ect;
and tbe insurance proceede or any part tbereof if received by tbe Mortgagee
may be applied by tbe Mortgagee, at its option,_eitber in reduction of tbe
indebtednesa bereby secured, or to tbe restoration or repair of tbs mort-
gaged property damaged. In tbe event of forecloeure of tbis Mortgage, or ~
of any tranafer o~ ti~le to the mortgaged property in egtin~uisbment of .
such indebtedness, all right, title and intereat oY tbe Mortgagor in and to
: every auch insuranc.e policy tben in~torce, eub~ecic to tbe rights and inter-
esta of tbe holder of any sucb prior 1.ien, aball paaa to the grantee ac-
quiring title to the mortgaged property togetber witb such ~olicy and
~ appropriate assignment o~ such rigbt, title and interest whicb eball be
f
~ made by the Mortgagor. - ~
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~ (a) In order more ~ully to protect tbe aecurity of tbie Mortgage,
the Mortgagor sball deposit witb the Mortgagee together witb, and in addi-~.
tion to, tbe payment of principal and intereat montbly on accdunt oP the
~dote secured hereby, until the Note fa paid in full, an amount o~ money
equal to the-total amount of (i) ground rente, if any, next becoming due,
(ii) tbe premiums next becoming due on tbe policiee oY fire and all otber
hazard insurance required by thie Mortgage witb reepect to tbe mortgaged _
property, (iii) taxes, asseesments, water ratee and otber gavernmental
charges next becoming due on ~he mortgaged property (all tbe ~oregoing
amounts as estimated by the Mortgagee and set fortb in a written notice
cf such estimate by tbe Mortgagee to tbe Mortgagor trom time to time),
less all amounts tbat may already bave been paid tberefor, divided by tbe ~
numoer oi caie~dar monins tio elapse before~one calendar montb prior to the ~
date when such ground rents= premiume, taxes, asseesmeDts, water ra~ea and ~
other governmental chargea, reapectively, will become due and payable.~
If any amount referred to i~ clause~ (i) tbrougb (iii) hereot ie required ~
to be deposited by the Mortgagor under a mortgage or aimilar i~etrument ~
a~
~aving priority over the lien o~ tbie Mortgage, the Mortgagor ~ball make o~+
the deposits required by tbie Paragraph 7 only in the event oY the ter-
mination o~ suob_ob~igation und~r tbe prior mortgage or similar inatrument.
The Mortgagor sball give prompt notice in writin~ to the Mortgagee of the
occurrer.ce o~ the last mentioned event. g].l eueh amounta ao depos~ted
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