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01095i Section 9. Insurance -9.1 Risks to be- Insured. Mortgagor will maintain or cause:1 be maintained,,: with financially 'sound and reputable -insurers, insurance with respect to the Mortgage�d Properties as �,equired by the7 Loan Agreement, all in a'mounts approved �by the Mortgagee not exclieding one hund e� percent (100%) of full insurable value. All insurance herein provided for shall be in.ihe f' rm and companies app'r oved by the Mortgagee. Regardless of the types or amounts of insurance required 1 and, approved by the Mortgagee, the Mortgagor will assign and deliver to the Mortgagle all policies of insurance which insure against any loss or damage to 'tile Mortgaged Properties as collateml and further se6urity for the pa' yment of the money secured by this Mortgage with loss payable to th Mortgagee as its interest may appear, pursuant to Ih or other mortgagee clau e New York Standard 's without contriLtion, satisfac'to'ry to the Mortgagee; and if tile Mortgago, UVIdUlLb in so insuring the Lt gaged Properties or in so ass igning and delivering the policies, the Mortgagee may, at the option':of the Mortgagee,! effect such insurance from year to year and pay the premiums therefor, and that tile : r�,Aor I gagor. wi reimburse the Mor:tgagee for any premiums so paid, with intCre'st from time of payment, as�provided by 11 on demand, and the same shall be secured by this Mortgage. 9.2 Use of Insurance Proceeds, etc. Any sums received by' 10 ly reison of loss or damage ort.gagee. L insured against may. be paid over to t e Mortgagor to be use&t repair or restorle the damage insured against or for any purpose or object sa I tisfactory to Mortgagee wit�llout affecting th6 lien of the Mortgage for the full amount.secured hereby before such payment ever to k place,� and, tol the extent any. sums received by Mortgagee by reason of loss or damage insured agaihsx are not;used fc�r repair or restoration then they shall be,retained by the Mortgagee and applied to�v� I rd the p aymen of the Notes. 9.3 Renewal Policies. Not less than five (5) days prior to the Ixpira ion a es of each policy req'uired .of the Mortgagor pursuant to this § 9, the Mort,ga go r will deli er to the Mortgagee a renewal 'policy or policies marked "premium paid" o.r accompanied by other 6v dence of payment satisfactory to tile Mortgagee. 9.4 Rights of Purchaser of Mort aged Properties. In tile "e ent:of a,'Iforecllure of this Mortgage the purchaser of tile Mortgaged Properties shall succeed to all it of the; Mortgagor, including' any right to unearned premiums, III and to all policies of insurance Ossigned and deli ered to the Mortgagee pursuant to the provisions of this § 9. -Section 110. Care of Mortgaged PriDperties 10.1 Condition and Repair. The Mortgagor will keep the ir iproveme : rits no� or heiezifter 1 6 rected on the Mortgaged Properties in good- condition' and repair; will not commit or luffer any waste;:will not do. or suffer t6 -be done anything which will increase the risk cf fire orotherha.zard tothe Mortgaged ot remove or demolish nor laltei 'design 0 Properties or any part thereof; will n' tile ir structural ch�racter I of any building, fixture, chattel or other part of tile Mortgaged roperties without the written consent of the Mortgageei .10.2 Destruction by Fire or Other Casualty. If the Mortga, d 'Or any. part ther�eof is r any other cause, the Mortgagor will give im iediate written notice of the.sdme to damaged by fire o the Mortgagee and will promptly restore the Mortgaged Propertles to the equivallent of its condi-tion at the time of such damage, or other 'cause, and if a part of the. 4ortgaged Properties shall be damaged -ti.irough condemnation, the Mortgagorl will promptly restore, re )ir or alter the remaining property in a manner satisfactory to the Mortgagee. -6-