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option of Mortgagee, become immediately due and payah?e,
notwithstanding anything contained in the Mortgaqe or any law
heretofore or hereafter enacted; and Mortgagor shall not suffer
or permit any such taxes or assessments on the said premises,
or which may be or become a lien on the premises, to become or
remain delinquent or permit any part thereof or any interest
therein to be sold for any taxes or assessments.
3. Mortgagor shall pay all ~3ebts, claims or other
charges that may become liens against the premises or any part
thereof for repairs or improvements that may have been, or may
hereafter be, made on the premises and shall not permit any
lien or encumbrance of any kind which might become superior to
the title of Mortgagee or the lien of this Mortgage to accrue
or remain on the premises ar any part thereof.
4. Mortgagor shall, at Mortgaqor's sole expense,
provide, canstantly maintain and deliver to Mortgagee policies
of fire and extended coverage insurance and an insurance policy
upon the buildings, improvements and personal property now or
hereafter situate on the premises and shall provide,.constantly
maintain and deliver to Mortgagee such liability insurance,
rent insurance against abatement of rents, and other insurance
against such insurable hazards, casualties and contingencies as
may reasonably be requirec3 by Mortgaqee. The aforesaid
' insurance must be upon policy forms and with c~n~panies in form
and in amounts of coverage sati~factory to Mortqagee.
Mortgagor shali assign and deliver to ~;ortgaqee with
satisfactory mortgagee clauses and with loss payable solely to
Mortgagee, aIl such insurance policies of any kind or in any ~
amount now or hereafter so issued, upon or in respect of the
premises, together with paid receipts for current year's
premium thereon; and not less than five (5) days in advance of
the expiratior. of such policy, to deliver to said Mortgagee a
renewal thereof, together with a paid receipt for the premium
of such renewal. There shall be no such insurance placed on
any of said buildings, any interest therein or part thereof,
unless in the form and with the loss payable as aforesaid.
Mortgagor shall give immediate notice in writinq to Mortgagee
of any Zoss or damage to the premises or in respect thereof
caused by any casualty. The Mortqagee shall have the right to
assign all such policies to any assiqnee of this Mortgaqe or ta
the purchaser at any foreclosure sale hereunder, ar any sale in
lieu of foreclosure. Mortgagor shall give Mortgagee immediate
notice at its principal office of any Ioss or damage to the
premises caused by any casualty. In the event of loss under
any policy required to be deposited with the Mortgaqee, the
proceeds thereof shall be paia by the insurer to the Mortgagee,
who sha11 have the right to settle or compromise claims under
all such p~licies and to demand, receive and receipt for all
monies becoming payable thereunder. Mortgagee, in its sole
discretion, shall appl}~ the proceeds of such policy paid hy the
insurer to the Mortgagee, wholly or partially after deducting
all costs of collection, incluaing reasonable attorneys' fees,
either as a payment on account of such part of the indebtedness
secured hereby as Mortaagee may elect without affecting the
amount or time for ~ayment of other installments required
hereunder, whether or not then due or payable, or toward the
alteration, reconstruction, repair or restoration of the
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