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pay all taxes and special assessments that become a lien on the
Premises; that it will keep any buildings and personal property
thereon in good repair and condition, and keep the Premises
insured to the extent of full insurable value thereof against
loss by fire, tornado, hail, windstorm and all other causes in
an insurance company acceptable to the MORTGAGEE and will cause
the policy or policies therefor and the renewals thereof to be
properly assigned or made payable and delivered to the
MORTGAGEE; that it will keep the Premises free and clear of all
liens and encwabrances except for this Mortgage; and in case of
failure to do so, said MORTGAGEE may pay said taxes, special
assessments, liens, make any and all repairs, effect such
insurance, and pay the premiums therefor, and the amounts so
expended with interest thereon shall be added to and become a
part of the principal indebtedness aforesaid and secured by this
Mortgage. ~ _
3. That MORTGAGEE shall be subrogated to the lien of all
prior encumbrances, liens or charges, if any, paid from the
proceeds of the note hereby secured, and even though said prior
liens have been released of record, the repayment of said note
shall be secured by such liens on the portions of the Premises
affected thereby to the extent of such payments, respectively.
4. That all judqments, decrees and awards for injury or
damage to the Premises and all awards pursuant to proceedings
for condemnation the~eof, as rent or otherwise, and whether for
a temporary taking or otherwise, are hereby assigned in their ~)
entirety to MORTGAGEE who may apply the same to the indebtedness
secured hereby in such manner as it may elect, and MORTGAGEE is
hereby authorized in the name of MORTGAGOR to execute and
deliver valid acquittances for, and to appeal from, any such
award, judgment or decree. Settlement shall be made pursuant to
any proceedings for condemnation only with the consent of
MORTGAGEE.
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ao~~ 345 P~~E 1394
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