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periods and for not less than their full insurable value or such
amounts as may be requtred by the Mortgagee and to pay Twenty (20)
days before delinquency all premiums for such insurance. The ,
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amounts of insurance required by tF~e Mortgagee shall be the ~
minimum amounfs for which said insurance shail be written and it ~
shall be incumbent upon the Mortgagor to maintain such additional
;~~~~..,.an~o a~ mav he necessarv to meet and compiy fully with atl
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co-insurancc requirements contained in said policies to the end i
ti~at said Nbrtgagor is not a co-insurer thereunder. Insurance shail
be written by a company or companies satisfactary to and -
acceptable to the Mortgagee and all policies and renewals thereof
shalt be held by tl~e Mortgagee. Ait detaited dcsignations by the
Mortgagor which are accepted by the Mortgagee and ali agreements
between Mortgagor and Mortgagee relating to insurance, now
existing c~ hereafter made, shall be in writing and shail be a
part of it~is Mortgage Agreement as fully as though set forth verbatim
herein and shall govern both parties hereto and their successors
and assigns. No lien upon any of said policies of insunance _
or upon any refund or return premium which may be payable on the
cancellation or termination thereof, shall be given to other than
the Mortgagee, ~except by proper endorsement affixed to such policy
and approved by Mortgagee. Ead~ policy of insurance shall have
affixed thereto a Standard New York Mortgagee Clause without
Contribution, making all loss or losses under such policy payable :
to the Mortgagee as its interest may appear and providing for Thirty
(30) days notice (if availabte) prior to any cancellation. In the event any i
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sum or sums of money become payabte thereunder, the Mortgagee
shall have the opfiion to receive and apply the same on account
of the indebtedness hereby secured, or to permit the Mortgagor _ ~
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to receive it and use it, or any part thereof, without thereby #
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waiving or impairing any equity, lien or rtght under and by virbue
of this Mortgage. In event of loss or physical damage to tf~e ~
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