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satieiaotory to the Kortgagee, eball be delivered proaptly to tbs Nort-
gagee. The Mortgagor aill pa,y promptly xhan due, ae berefnalter pro-
vided, any and all premiume on euob ineurance, and in every oaee in wbiab
payment thereoi ie not made lrom the depoeite tbereior required by thia
Mortgage, promptly eubmit to tbe Mortgagee Yor examination reoeipte or
other evidence oi eucb paymeDt ae eball be eatietaetory to the Mortgagee.
The Mortgagee may obtain and pay the premium on (but ehall be under no .
obligatfon to do ~o) every kind o! ineurance required bereby ii tbe amount
of euch premium hae not been depoaited ae required by tbie ~ortgage, in
which event tbe Mortgagor will pay to tbe Mortgagee every premium eo paid
by tbe Mortgagee.
(b) In tbe event ot loee or da,mage to tbe mortgaged property,
the'Mortgagar will give to tbe Mortgagee immediate notice tbereof by
mail, and tbe Mortgagee may make and file proof oY loee if not made otber-
wise promptly by or on behalY of tbe Mortgagor. Sach ineurance company
issuing any euch policy ie bereby-sutborised and directed to make payment .
t~ereunder for auch lose to tbe Mortgagor and tbe Mortgagee 3ointly, un-
lese the amount of loes ie payable Yiret to tbe holder of a lien under a
mortgage or aimilar instrument to whicb tbie Mortgage ie eapresely eub3ect;
and tbe insurance proceede or any part thereof if received by tbe Mortgagee
may be applied by the Mortgagee, at ite option, eitber in reduction of tbe
indebtednese hereby eecured, or to~the restoration or repair of tbe mort-
gaged property damaged~ In tbe event of forecloeure of tbie Mortgage, or
of any tranefer of title to tbe mortgaged property in eatiDguist~ent oY
such indebtednesa, all right, title and interes~ ot tbe Mortgagor in and to
every such inaurance policy tben in ~orce, eub~ect to the rigbte and inter-
esta of tbe holder of any euch prior lien, eball pase to tbe grantee ac-
quiring title to the mortgaged~property togetber with eucb policy and
appropriate aseignment of euch rigbt, title and interest wbich eball be ~
made bp the Mortgagor. . ~ ~
f ~ •
(a) In o~der more fully to protect tbe eecurity of tbie Mortgage,
~
` the Mortgagor shall depoait with tbe Mortgagee togetber witb, and in addi-
tion to, tbe payment oY principal and intereat montbly on account oY the
~ Note aecured.hereby, until tbe Note ie aid in~tull an amount of mone '
~ . P ~ Y s
equal to the total amount of (i) ground rente, if any, nezt becoming due, ~
(ii) tbe premiume neat becoming due on tbe policiee oY lire and all other
t ~azard ineurance required by tbie Mor~gage with reepect to tbe mortgaged
~roperty, (iii) taxee, asaeeemente, water ratee a~d otber governmental
cnarges neat becomiAg due on the mortgaged property (all the toregoing
~ amounts as estimated by the Mortgagee a~d eet fortb in a writteD notice
~
~ ~f auch estimate by the Mortgsgee to tbe Mortgagor from time to time),
~ ~ess a11 amouDts tbat may already 't~ave been paid tberefor, divided by the
~ rumber oY calendgr montha to elapee betore one calendar montb prior to th e~
date when such ground rente, premiume, tazee, 8eeeeeme~te, water rates and ~
other governmental chargee, reapectively, will become due and payable. ~
Zf any amount referred to ip claueee (1) tb~rougb (iii) bereai ie required ~
~o be deposited by the Mortgagor under a mortgage or aimilar inetrument ~
~aving priority over the lien oT tbie Mortgage, tbe Mortgagor eball make
the deposite required by tbie Paragrapb 7 only in the event of the ter-
mination of euch obligation under~tbe prior mortgege or eimilar inetrument.
The Mortgagor eball give prompt notice in writiDg to tlie Mortgagee o! tbe
accurrence of the 1Bet meDtioned event. Al1 eucb•amounts so depoeited ~