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fi.rst be paid therefrom in the order below named, to the
Mortgagee, accrued intere~t at the rate herein specified
on all principal amounts from time to time outstanding j
hereunder to the date of receipt of such payment by the
Mortgagee, pl.us the entire principal balance secured
hereby, notwithstanding any lesser interest rate required
to be paid by the authorities making the awards.
AND the Mortgagor covenants with the Mortgagee
as follows:
1. The Mortgagor will pay the indebtedne~s,
as _hereinbefore provided F
2. The Mortgag~r will keep the building~ and
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improvements now or hereafter erected on the mortgaged ~
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premise~ and all ~er~onal pr~perty covered by this mort- ~
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gage insured against los~ and damage by Pire and by ~uch
other hazards a~ the Mortgagee.may require, in amounts,
with insurers and under forms of nolicie~ (including
i
Qtandard mortgagee clause unless otherwise required)
satisPact~ry to the Mortgagee; will deliver all such
policies and, at least 15 days prior to their expirati~n
dates, all renewals thereof to the Mortgagee; and will
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pay all nremiums thereon. The Mortgagor will not permit
- any conditionb~ exist on said premises which would wholly
or partially invalidate the insurance thereon. The Mort-
gagee may on behalf of the Mortgagor ad~ust and compromise
any c2aims under such insurance and collect and receive
the proceeds thereof and is hereby irrevocably appointed
attornty-in-fact for the Mortgagor for such purposes, and
may deduct from such proceeds any expense 8o incurred by
it, and may at its option elther apply such proceeds in
-4- aooK210 PAG~~~ ;
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