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<br /> � � `�; A. To procure , deliver . to , and maintain for the benefit of . the Mortgu�ee ` `
<br /> , + ��' during ' the life of this mortgage , original policies and renewals there- ', �
<br /> r � ' oE , delivered at least ten ( 10) dnys before the expiration , of uny such , ' ' s
<br /> ;� � F policies , insuring aguinst fire and other insurable hazurds , casuulities .
<br /> , � s and continsencies as the Mortgugee may require , in an amount equal to the � ;�.
<br /> ^ � '+ loan halance , or for not less than 1007 of the full replucement value of � '-'-.
<br /> ` j the improvements , whichever is grenter , as established by u competenC ' " '
<br /> ,�, '..' t insurance appraiser . The policy is to contain a mortgage (loss paynble)
<br /> ' clause in favor of First Federal . . Comprehensive general public liability a :� `•
<br /> f i insurance . will also be obtained , in a company acceptable Co First Federul , �. '
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<br /> for an . amount not less than $ 100 , 000 for any one person , $ 300 , 000 for any � `•
<br /> •"� 1i single accident , or $50 , 000 for property damuge from claims arising : from ° � :
<br /> - � - % any accident or occurrence in or upon the sub� ecC property . Business ; ' : _,
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<br /> Ya} : � interruption insurance (or rent loss insurunce , whichever is appropriate)
<br /> equal to 50% of the business interruption value , . as established by a- compe- ' ".
<br /> �'�! � � � � � �� tent insurance appraiser , shall also � be carried throughout � the � term of the � � ;�_ � � �� "''
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<br /> h'" - , loan . In the event any policy is not renewed on or before ten days of its
<br /> � .7 � expiration , the Mortgagee may procure insurance ott the improvements , pay the ` "
<br /> A- y,. .� premium therefor , and such sum shall become i�ediately due and payable - with ' �
<br /> � ' ; interest at the rate set forth in said Note until paid and shall be secured .
<br /> � '' by this ,mortgage . . Pailure on the part of the Plortgagor to furnish such renewals
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<br /> : A :; as are herein required or failure to pay any sums advanced hereunder shall , : I
<br /> � ', ,G, at the option of the Mortgagee , constitute a default . under the terma :of this �- ' . '
<br /> ``' mortgage . The delivery of such policies shall , in the event of default , con- � � � "
<br /> t _ ' stiCute an assignment oE the unearned premium.
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