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';'!ie ;ta~'t~;a;~or aill n~l ~~olu~t~Aril~' CIPAIE`~ o: pcr~lit oi• suffer ~o be
creaCS<i _~qi-,,Co: .~~ci~t..~ N~; ~~y3~ta.in~l~llik: ~moMt~a~~,+~~ ptrofic?it't~r; •Kr ~at?y'~S~Yt'''thet'eo.,
'an~s' i~i~;n ~s;~i cr3pr.to.,t~e 1~3~~t.~n.Cv?~~is ~lo~'t~+s~e~~ e~e•1~3i~•e ~f •tlt~' ~i'er'ii'r' lt'An~,
~~an;~•,, ta ~ihicli tl~is l~p~4;~~~pray ~pre~sly~ sub.je~t', sez~'£tirtl~'~in th~'~rantin, ~
_~,la~;~~• ;}h~ve.,; ancl wi11..k~Rp,~W~~bm+ei~n~c:+in• the satae' ~Pree''frlM~ttlin'~l~ims' b~f'a'll.
,a~t:. s~~ppl,yin£,~ labor or matcrials whlch WiU enter ~nta the catfstrWC'~ion'or
inst.~liat~on of thc Improvemcnrs.
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~Y,~~ .,.:'i;c; ~tprts;agar•,yifld k~'»'..a li,,,i~uit~iic~~s; ~btii~ ~s~~~~r~s' aA~ •i$~i'rcove=
S:~i~Cs,..};tc}~~'in; equipa~.Rt.,,~~e,c~artii~•; or which irf~r'li?r~1Ct~+r'be"ere~Y~l (ir".
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i n~ t~a l),,eJ , Qu the land swrtgagedr~ t~e reby , i ns~~red aga~ias t' 1 oss b~, ifl re' bt`her"
hazards, casualties and contin~enc4'c~s; in such amounts~aizd"mAi1~?ett, ahi~`~f~f- ~u`Ch
periods, all as may be require:l from tis~+e to time by the tlortEa~ee. Unless
4thcrv~se required by tbe. Mortgagec~, all such insuranl'e's`tiAlYfbe~ ef~~L~~t'ei~' by
Stanc~ard, Fire atid Fxtenele~t Covera~e~ Tnsurance polici~s;~'i~'~amoubts~t~ot~'Iies~"
than necessar;~ to caaply With thc coinsurance clause Fercentage ef [!~~-`v~Yue
appltcabte to ~he 2ocation an~i character of the prop~~rty to i~e covered. l111
:=ucn insurance sliall be carried in companies approved by the Morl-gagee ai?d~ aIl
~ pol~icies therefor~ shall be in such forne and sh~ll have attached thereto loss -
pa~~able clauses, in favor of the lbrt;;agee and any other parties as shall be
s~+tisfacro;y to the Mortt;agee. All sucts poticies a~~d attachments ~th~rpto shall
f~~,~ .ie2ivered promptly [o t~~e Mort;;a~;ce, unless they are re2uirecl~ to bc deliverecl ~
t~ che ~ulclcr uf a lien oC a c~ort~u,;e ~r similar instrur,?ent tv ~:I~ich this
N.ort~;a~e ~s expressly subjrr.Z, i[~ w'~ici~ iatter event, certificates tliereoC,
,.satisfstctor~• *o tlie Mort~;as:ee, sieatl ~,c deliverec! prcm~~•tly to the ~Mrtga~ee.
The Mort; a,r,or vill pay ~roa~ptly wi~en d~ec~ as hereinafter providcd, any and all
~ _ pr~~iiur.~s on sttch insurance, and in ev~ry case i~~ whfcii paycnent theieaf is not
inade from el~e c~e~:~.sits theretor requi~-e~i hy this Norr~;~ge, promptly submit to
the Mortnn`ee .:or .examitiation rerei!>ts or other evideace of such p$y~nent as
shall be satisfactur}~ t~ t~1C :4~ri;;a;;e~•. Thu Mortp,a~;ee ~aa}• obtain~ an~i ~ay- 'the
prer~iam ~n (but shall h•~ un~~er no ob:igatian to ~c so) e~~e~ry kir~cl of insuran. ~
~equi red herc~~~ : s. chc amount of such premima has not '~ePn' dcposiEecl as req~~ire.':
;~y l'his Mo~'t~age,, in which event ti~e Mort;a~or will pay to t~ e~wrt~;a~;ee' e4er~~
~remivr.~.~o.paid by. the i-lort~;af;ee. ~ '
' '(fi) In tlie event of loss o:~ da~na~e to the mort~a~;eJ pronerty, the "
^tc~rt;;a^o.r will :;ive to the tiort;~a;:c~ immedtaze notice thereof i~y caail, an~ thc
I~iort~~a~;cc r~ay :~aka an,j file proof of ?oss i` not mac~c~ o[hcr~.ise promptly L?r c>r
.~~n bchal t o f the Mort~:~; or. Eac~: i~::uran~e compan}• issuin.; ar.y sncii pol icy ~s
~ hc•rehy aut'~u:-i~~•~:~ and direct.:-3 ::zaE:e payr~e~t thereuc~'.^r fo: sucll loss to tne
'iortg.~g~r acd tiee l~fortgag~e joi rttly, ~inless the amc~unl of loss is payable first
~o th~ nolder ~f a~ ien ~.,ndc~r r^or~~a~e or similar instr~nent to which this
:;ort;a~;~, i: expressly sutject; ancl thc insurance proceeds, or any part thereof,
; f rccri ~~c~'. by tlie 1~iortoa~e~., :nay l,c app.lied by the Mvr*_~a~ ee, at its option,
, either in ;eductio~ ot the inde~bcedness h~reb} secured, o_- to the restoration
or rep3~r of th~ morcga~cu ptope_t~• da~a~~~d. In the event of foreclos~:re of
this :to--~_: ~~c, or ot ac. transfcr oC r_itie to the r.eort:;age3 property in extin-
t;uisiir.~nt o. such indebtedness, all ri~hr, title aiid i:iterest of ~he ~Sortgago~
i n anJ ::o every such i nsurarce Fol i c~~ then in force, -st:b ject te the iibhts ant~
interests of the hoider ot an~ si~~i: n~-ior lien, sl~all pass to the grante~
acquirin; ritle to the e;ortt;%•^ed rrot~~~rLy together ~+ith snch policy and appro-
priate assi;;rnnr_nt of snri: ri,.^,hl-, t~tte anci interest c~hich srall he ssade bv t'~E
;•io rt ~;a s~o r .
(a) Tn order nore fullv to j~rote~~t ttie security of t7is :{ortoage, tnc
~tort~aoor s:~all de~osit F~i [~~e htorct;aFee together witt~, anc' in ad~iition to,
t!+e pa}~:r.e~~~ of j.: incipal a~d interest v~or~t`:ly o~ accovnt o?` the ,1ote secured
herLl;y, until thc ~ete is pai'~:' in full, ar ariount of money equal to the total
a~ounL uf (i) ~;:•ouml r::nts, i f a~f, ne:;t becoming due, (i;) the prer:~iuns ne::t
be~omin,~ cl~~e on the policies of fire an-i a11 other hazard insutance req«ired
ny tizis :'orr,agc wi th res~er_t ta the mort~a ;ed propert~; (iii) taxes, ass.ss-
~~ents~ ~.ater ratcs and uttier .~overnr:.ental rharges ne:c:: bec~rning due on the
e:ort ;a~;~~•l property (aIl the iore,^;oin,; a-~ounts as rstir~at~~d hy the Mortoagce
an~f sec forth in a written.nc~tice oi such estiaiate by thc t•k,rt;agee to the
:•~ort;a;,or .~rara ti~ne co time), less all a~~osnts that may al:-ea.ty liave been paid ~
there"nr, ~livi~ed by the number oF calendar ;aonths to elapse before one calenc~ar ~
:*ontii :+ri~: to the date when s~tcli ~:ro~ir.d rents, ~rer.ii~~~s, ta:ces, assessments,
taater rat~s an~ other ~overRmenta~ char~es, respectively, ~r~ll b~come dL~ and
,~ayahle. I~ any amount referred to in cl.:uses (i) chrou ;h (iii.) hereof is
re~uiieJ to be de?os;teci by the Mnrt'a~or i~ncler a mortga^e or sicnila; ic!strument
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