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' (c)~ 1~'othina in this Section 1.0? suall require the pn~ment or
discharge of any obligatioii iuiposed npon the ~liortgagor bp this Sec-
tion so long as the \iortganor shnll in aood faith aud st its o~vn
eapense contest the ~arue or the alidity tl~ereof Uy appropriate legal `
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proceedings which shall operate to pre~•ent the collection thereof or ~
other realization thereon and the sale or forfeiture of the Premises ~
or auy part thereof to satisfy the same; provided tl~at during such ~ ~
contest the aiortgagor shall, at the optiuu of tLe ~Iortgagee, provide
secnrity satisfactory to the llortg~gee, assurii~g the discharge of the ~
~iortgagor's obligation hereunder AIl(1 of any additional charge, pen-
alty or espense arising from or incurred ~s a result of such contest; ~
and provided further, that if at any time payinent of ans oUligation ~
imposed upon the ~Lortgajor bp subsection (a) of this Section shall =
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become necessary to preveut the delirery of a taa deed con~eying the
~Iortgaged Property or any portion thereaf because of non-payment,
; then ltortgagor shall pas the same in su~cient time to prevent the !
; delivery of such taz deed.
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; -SE~TIOl~ 1.08. The liortgagor ~ ill pay ~ny tases escept income
~ taaes imposed on the ~iortaagee by reason of its o~mership of the
~ \'ote or this lSortgage.
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? SECTIO.I 1.09. (u) The 11Lortgagor ~ill keep the Improvements
~ insured aaainst loss Uy fire, casualty and snch other hazards as mas
~ be specified by the liortgugee for the benefit of the 1liort~aaee. Such - _
~ insurance shall be a ritten in forms, amounts, and by companies, satis- i
~ fuctory to the aiortgaaee, and losses tliereunder shall be payuble to ~
~ the ~tortgagee pnrsuant to a standard first mortgage endorsement ;
~ substantially equivalent to the ~'e~ York standard mortaagee endorse- ~
~ ment. The policy or policies of such insnrance shall be delivered to i
= the \Iortgagee. The ~tortg:iaor shall give the ~iortaIIaCC prompt i
~ notice of any loss eovered Uy such insurance and the riort~~gee shall =
~ bave the right to jain the ~Iortgagor in adjusting any loss in ezcess :
_ of ~50,000. Any mone3~s received us payment for an~- loss under any ,
snch insurance shnll be paid over to the ~liortgagee to be applied at
the option of the ~iortgagee either to the prepayment of the Note, :
without premium, or to the reimbursement of the ~iortaa~or for eg-
~ penses incnrred by it in the restoration of the Improvements.
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