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(c) to make aod enter into addi~ional contracta and 1ACUr obligationa ior
the purpoeee oi completing the Improvemente pureuant to the obligatione oi ~
the Mortgagor hereuAder, eitber in the Aame oi the Mortg~gee or the Mort- ~
gagor, and (d) to pay and diecharge all debta~ obligatioue and liabilitiee ~
incurred by reason oY any action taken.by the Mortgages as provided i~
thie Paragraph, all of which amounte eo paid by tbe Mortgagee, with irter-
est tbereon irom the date of each sucb payment, at the rate ot three per-
cent (376) per annum, shall be payable by the Mortgagor to tt~e Mortgagee on
demand a~d ahall be secured by this Mortgage.
4. No buildix~g or other atructure or improvement, Yixture or per-
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sonal property mortgaged hereby ahall be removed or demoliabed without _
the prior written conaent of the Mortgagee. Tbe Mortgagor will not make, _
permit or aufYer any alteration of or addition to any building or other
structure or improvement now or=which may hereafter be erected or inatalled
upon the mortgaged property, or any part.thereo~, except the~improvemente
required to be made pursuant to Para~raph 3 hereof, nor~will the Mortagor
use, or permit or suf~er tbe use of, any of tbe mortgaged property for any ~
purpose other than tbe purpoae or purposea Yor which the same is now in-
~ended to be used, without the prior written consent of the Mortgagee.
The Mortgagor will maintain the mortgaged property in good condition and .
state of repair and will not auffer or permit any waete to any part thereof,
and will promptly comply witb all the requirements of Federal, state and~ ~
?ocal governments, or of any departmente, divieione or buresus thereof,
pertaining to suc~~property or any part thereof.
5. The Mortgagor will not voluntarily create, or permit or auffer to_
be created or to exiat, on or againat the mortg~ged property, or any part
~k~ereof, any lien superior to tbe lien of thie Mortgage, ezclusive of the
,
l~en or liens, if any, to which thia Mortgage is expresaly sub~ect, as aet
, .
` forth in the granti~g clause above, and will keep and maintain 'tbe same ,
~ iree Yrom the claims of all parties supplying labor or materials which will ~
~ znter into the construction or installation of the Improvements. ~
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6.• (a) The Mortgagor will keep all buildings, other etructurea and
~~provement9, including equipment, now existing or which may hereafter be
Erected or installed on the land mortgaged hereby, inaured againat loes by
~~re and otber bazards,.casualtiea and conting~ncies, in sueh amounts and
~a:~ner, and for sucb periods, all as may be required from time to time by
~:.e Mortgagee. IInless otherwise required by the Mortgagee, all such in-
~arance shall be effected by Stanclard Fire and Extended Coverage Insurance
~~licies, in amounts not less than necessary to comply with tbe coinsur-
;
ance clauae percentage of the value applicable to the 3ocation and charae-
~er oY the property to be covered. All such in+aurance shall be carried in
c;,~panies approved by tbe Mortgagee.and all policiea tberefor shall be in :
~~:ch Yorm and sball have attached thereto loes payable clauses in favor ~
the Mortgagee and any other partiea as sball be satiafactory to the
;
:'.:,rtgagee. All such policiea and attachmenta thereto ahall be delivered
:,ro~iptly to the 1Kortgagee, uuless they are required to be delivered to the
~:,,lder oY a lien ot a mortgage or aimilar inetrument to wbich thie Mort-
F
~3~+~ ie eYpresaly eub~ect, in wbicb latter event certiYicetee tbereoi,
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~~K186 P~2847
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