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� • • ��� ., <br /> :.�,. �..�. . <br /> :�k.1.�.�_ 1 �Y^� "___.... _ . . --- <br /> 9$-� ii0432 <br /> aad (v) provide that it cannot bo roduced as to coveragc or cancellcd without <br /> thirty (30)daya prior writtea aotia to Martgagee. <br /> Sectioa 2.12 Upon the delivery of this Mongage, Mortgagor stWl provlde evidence t�at tha <br /> insurance requ�red under Seztian 2.10 is in effect ia the form of a certificaie or <br /> binder aatisfutory to Mortg�oe. Mortg�gor ahall. upon written rcquaat of <br /> Mortgaga, fi�rnish to Mortgigee the origins�l of each policy requirod under <br /> Sxtion 2.10 and wituout requat, at least thirty (30)days prior to expirAtion of <br /> any such policy, proof of isswina or commitment for the Issuance of a policy <br /> continuing in force the coverage pmvided by the expiring policy in the form of <br /> a certificate or binder. In tbe event Murtgagor ahgll fail to maintaia , the <br /> insursnce cavcrage required by this Mortgage� Mortgaga may(but shall be under <br /> no obligation W)take out the requirod policies of insurance and pay the pnmiums <br /> on the same or may make such repairs or replacements as are nooessuy And <br /> provide for paymept thereof; wd all amounts so Advanced for the protection of <br /> the Collateral by Mortgaga shall become an additional nbligation of Mortgagnr <br /> w Moctgaga aad shall be saurod by this Mortgage. which aaiount�. together <br /> with interest thereon at the "Default Rate" as defuied in the Second Addendum <br /> (heninafter. the "Ikfault Rate")� Mortgagor agras w pAy immediately smd <br /> without demYnd. <br /> � � <br /> Section 2.13 Aflter the happening of any cawalry roquired to bc insurai against under� <br /> ?�Q nsultia& in damage in an amount 'vn excess of SS00,000, Mortgaga shail <br /> givc �inmpt writtea notice thereof to Mortgagea <br /> Secxion 2.14 Mortgagor herehy auigns to Mortgxgee all insurana pmo�eda which it may be <br /> entitlod to roceive and such proceeds, in any amount exceed�ng.$1,000,000,ahall <br /> � , be dclivered to and held by `:(ortgaga W be applied. at the'�solc electan and � . <br /> diacretion of Mortgagoe as to purpose �nd amount, as follows: � � � <br /> (a) �� to the paymeat of the obiigationa of Mortg�gor sccurod.by thia;;Iu� ';vttgage� <br /> including, without limiq�tion� tbe Uutstandii�g Notes and Bo�ida .uid the <br /> ' other Opsrative Agreementa; . � <br /> (b) to perform Any covrnaN or obligation of Mortgagor under thia Mort�sge, <br /> the Outatanding Notes �nd Bonds or the other Operative A�pretments, ' <br /> i�luding the curing of my dcfault under this Mortgage, the Outspnding .'' <br /> ' Notes and Bonds or the other Operative Agrixnnents; , <br /> (c) to the reMtilding� re.norttion, nplaament qr repair af tha Collatoral or � <br /> any put theroof; or . <br /> (d) . to payment in rele�ae of such proceeds tv Mortgagor far appli�aaon by ' <br /> Moxtgagor as Mortgaga shall request ia wniting. � <br /> Al�l�)LD AND RBiTATBD MORTOAOS <br /> (O��d Y1�4 wbe�J 12 <br />