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<br /> performea and observec3, such tequirements relating t+� disbu�se-
<br /> ment procedures and ot�er matters as Mortgagee shall. reasonably ,
<br /> _ � , specify to assure timely payment of the costs of such restoration
<br /> _ � an8�tintety completion thereof free of �all mechanics aacl other ,
<br /> � liens which would be or might bscome superior to or coordinate .
<br /> � with the liea of this M�rtgaqe, including, without 13mitati�n,
<br /> ` requirements relatfng to the appraval of construction contracts,
<br /> contractors, architects and plans anc� specifications a�d the
<br /> - • deliv�ry of titl� ins:araace endorsente,��s, lien waivers and �
<br /> - releas�s,. certi��.cates of completioa and gQ�aernmental � .
<br /> approvals au� ��rmits, and fi�ancial assur�n.ces for the , . � �
<br /> completion of the restoration. Mortgagee shall not be obligated :� �.
<br /> to sso �o the proper application of any amouat paid to Mortgagor.. `� "
<br /> _� Upor. �r.e happening and during the continuance of an Eveat of �
<br /> �efault, Martgagor irrevocably makes, constitutes aad appoints
<br /> Mo�tgagee (and all officers, employees or� agen�s de�ignatec3 by �
<br /> l' Mortgagee) as Mortgagor's true and lawful attormey (and
<br /> agent-in-fact) for the purpose.of mal�.ing, settling and adjusting
<br /> � claim� ?.sader such policies of insur�rr.ce, endorsing the name of �
<br /> � . �iortgag�r on ��a.�{ check, draft, instruinent or other item of �
<br /> - ;: ��i�ym�n� for �.2�e proceeds of such po13c3es of insurance and for �
<br /> ' �aki�a�.�11 determinations and decisiaz�s with respect to such � '
<br /> palic�� of insurance. Any and all g�oceeds from such insurance
<br /> ` � xaolicies may be applied toward the ��aimbursement of all costs 'aac�
<br /> �:xpenses of Mortgagee in colZ�ting such proceeds. � .
<br /> (f) The insurance re�ulre� by this Mortgage may, -
<br /> _ with ���tgagee�s prior written consent (which consent shall not .
<br /> be urir�asanably withheld) , be effected by blanket anal/or umbrella � -
<br /> policies lssu�a3i to Mortgago� covering the Mortgaged Property and -
<br /> �: ather properties 4rea1 and personal) owned or leased by `-�
<br /> Mortgagor, providec3 that such polic��s otherwise comply with the ��'�°
<br /> provisions of this Mortgage and ia �)uw case of property insuranc�
<br /> shall provide coverage (i� la an a�cuat per occurrence wLthr�ut
<br /> aggregate limits reasonably satisfactory ta Mortgagee and ( xi) -�
<br /> without co-insurance. .
<br /> �g) A�y transfer a�.i::1� Mortgaqed Property, by
<br /> foreclosure �;� instrument i�. �ieu of forecl�sure, shall transfer
<br /> � therewith al:: �f Mortgagor�� .�.ntErest, incTur3Ang any unearned '"'`
<br /> � premiv�r►s, in all insurance po],icies then in force covering the '��
<br /> Mortga��d Property. .
<br /> (h) If an Ev��.t� of �Default shall have occu.��ted
<br /> and so long as the same shall �e c�ntinuing, Mortgagox, upon
<br /> Mortgac�,se�s request, shall pa�y ta t�l.�r:tgagee an amount equal to
<br /> � one-tw��.�fth of the ��timated aggre�.$1:�s arinual insurance premiums
<br /> on all policies of insurance requirer� by this Mortgage on a
<br /> _ specified da�� each month. U�on Mortgagee�s request, Mor�gagor
<br /> , shall cause al� bills, statements or other documents relating to
<br /> the foregoing 3nsurance premiums to be sent or mailed direc�ly to
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