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satiafactory to the Mortgagee, ahall be delivered promptly to the Mort-
bagee. The Mortgagor will pay promptly when due, ae bereinaYter pro-
vided, any and all premiuma on auch ineurance, and in every caee in which
payment thereof ie not made from the depoaite thereYor required by thie -
;~iortgage, promptly submit to the Mortgagee for examination receipte or
other evidence of such payment as ahall be eatiefactory to tbe Mortgagee.. `
The Mortgagee may obtain and pay the premium on (but ehall be under po .
. ;
obligation to do so) every kind of inaurance required hereby if the amount :
,
of euch premium hae not been depoeited ae required by thie Mortgage, in ~
which event the Mortgagor will pay to the Mortgagee every premium-so paid
by the Mortgagee..
(b~ In the event oY lose or damage to tbe mortgaged property,
tne Mortgagor will give to the Mortgagee immediate notice thereof by
mail, and the Mortgagee may make and file proof of.loas if not made other-
wise promptly by or on behalf of tbe Mortgagor. Tacb insurancelcompany
issuing any such policy ie hereby authorised and directed to make payment
thereunder for such loae to the Mortgagor and the Mortgagee jointly, un-
iess the amount of loss is payable firat to the holder o~ a lien under a
mortgage or similar instrument to wbich this Mortgage ia expressly aubject;
and the insura~ce proceeda or a~y part thereof if received by the Mortgagee
may be appl~ied by the Mortgagee, at ite option, either in reduction of tbe
indebtedness hereby aecured, or to the reatoration or repair of the moxt-
gaged property damaged. In the event of forecl oeure of thi~ Mortgage, or
of any transfer of title to the mortgaged propertq in extinguiahment of
such indebtedness,,all right, title and intereat o~ tbe Mortgagor in and to
every sucb insurance policy then in force, ~ub~ect to tbe righta a~d inter-
ests of the holder o~ any such prior lien, ahall pass to the grantee ac-
quiring title to the mortgaged property togetber with aucb policq and
appropriate assignment of such rigbt, title and interest which sball be
~ ~ade by the Mortgagor. - - ~ - ~
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7. (a) In order more fully to protect the security of thie Mortgage,
~ the Mortgagor shall deposit witb the Mortgagee together with, and in addi-
~ tion to, tlae payment of principal and intereat monthly on account of the ~
Vote aecured hereby, until tbe Aote is paid in full, an amount of money
eqaal to the total amount of (i) ground rents, if sny, next becoming due,
(~i) the premiuma next becoming due on tbe policiea of fire and all otber
~iazard insurance required by thia Mort~age with reapect to tbe mortgaged.
~roperty,~(iii) taxee, asseaements, water ratea and other governmental
~ c:,arges next becoming due on the mortgaged property (all the foregoing
~ aaounts as estimated by tbe Mortgagee and aet Yorth in a written notice
~ o~ such estimate by the Mortgagee to the Mortgagor from time to time),
~ess all amourrts that may already~Y~ave been paid therefor, div.ided by the .
number oY calender mantha to elapae before one calendar month prior to tbe
:ate when ~uch gr.ound rente, premiums, taxes, aseeeamenta, water rates and ~
~ ~ther governmental charges, reapectively, will become due and payable. ~
~l any amount referred to in clauses (i) tbrough (iii) hereof ie required ~
be depoaited by tbe Mortgagor under a mortgage.or eimilar instrument ~
:aving priority over the lien of this Mortgage, the Mortgagor ehall make ~o
ti~e deposita required by tbis,Paragraph ? only in the event of the ter- °d'
~ ~ination of~sucb obligation under~the.prior mortgage or eimilar instrument.
~he Mortgs~gor ehall give prompt notice in writing to ttie Mortgagee of the
occurrence oY the laet mebtioned event. All eucb emounte eo deposited
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