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Home My WebLink About0651 ~ 3 - . (c) to ma'Ke and enter into additional conti•acts and incur oblioations for ~;e pu~pos~s of conpletir.g the Improvements pursuant to the obligations of ~he ?Iortgagor rereunder, either in the name of t:~e Nortgagee or the i~iort- ;;a~or, ar~d (d) to pay and discharge all debts, ob~igations and liabi~ities ~ •_~curred by reason of any action taken by the Mortgagee as provided in ~ ~'.^.is Paragrabh, all of whic;~ amounts so paid by the Mortgagee, with inter- ~ zsti thereon fron the date of each such payment, at the rate of th~ee per- cent (3~) per annum, shall be payable by the Mortgagor to the M~rtgagee on cenand and shall be secured by t:~is Mortgage. 4. No building or other structure or improvement, fixture or per- sonal property nortgaged heretiy shail be removed or demolished without ~he prior written consent of the Mortgagee. The Mortgagor will not make, :ermit or suffer any alteration of or addition to any building or other ~tructure or improvement now or which may hereafter be erected or install~d . upon the morzgaged property, or any part thereof, except the improvements ~ecuired to be a~ade pursuant to Paragraph 3 hereof, nor will the ~Iortagor use, or permit or suffer the use of, any of the mortgaged property for any ~urpose other than the purpose or purposes for which the same is now in- ~ended to be used, without the prior written consent of the Mortgagee. ~'he Mortgagor will maintain the mortgaged property in good condition and state of repair and will not suffer or permit any waste to any part thereof, and will promptly comply with all the requirements of Federal, state and ~ ~~cal governments, or of any departments, divisions or bureaus thereof, ~ t ~ertaining to suc~~property ox any part thereof. 5. The iKortgagor--will not voluntarily create, or permit or suffer to ~ r ~a created or to exist, on or against the mortgaged property, or any part ~ ~;ereoi, any lien superior to the lien of this Mortgage, exclusive of the ; ; ' ~ien or li ns if an to which this Mort a e is ex ressl u' et ~ _'~rth in the granting clause above, and will keep and maintain the same s ~:ree fro~ the claims of all parties supplying labor or materials whicb will 3 $ c:,ter i:~to the construction or installation of the Improvements. ~ z 6. (a) The riortgagor will keep all buildings, other structures and ; ~ ~ ~ -:~provements, including equipment, now existing or which may hereafter be ~ ~ ~rected or installed on the lanc~ mortgaged hereby, insured against loss by ~ ~ ;~~re and other hazards, casualties and contingencies, in such amounts and ~ ::.~nner, and for such periods, all as may be required from time to time by ~ ~::e Mortgagee. Unless otherwise required b~ the Mortgagee, all such in- ~ ~ surance shall be effected by Standard Fire and Extended Coverage Insurance a ~;,licies, in am.ounts not less tY~an necessary to comply with the coinsur- i ~ a:ce clause percentage of tY~e value applicable to the location and charac- } ~er of ~he property to be covered. All such insurance shall be carried in ~ , c ~~p e-e- a~-~se--~ ~ 4, f s~cn for~ ~~d snall have attached thereto loss payable clauses in favor ` ~he :iiortgagee and any other parties as shall be satisfactory to the , _ ~ r~~ .•:~rt~aoee. AI1 suc:~ policies and attachments thereto shall be delivered : ~ ; ~„oWp~ly to tr.e :.ortgagee, unless they are required to be delivered to the - ~~.:,~.der of a lien o~ a mortga.ge or similar instrunent to which this N:ort- r~ ~age is expressly subject, in which latter event certificates thereof, ~ ' KA ~ BOOK 1~J PACE be)~, t r;~ ~ h~~ s~- - r: ~ - _ _ ~ _ _ ~ s. w...._. , . a ~ ~ . _ . _ ` °`-'-a