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i 1 89-- 101552 without notice or demand and shall deliver to Mortgagee, on or before the tenth day preceding such delinquency date, proper receipts of such required payments. Mortgagor will also pay all taxes (excluding estate or income taxes) or assessments which may be levied upon the Mortgagee's interest herein or upon this Mortgage or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the Mortgagee. 3. Insurance. Mortgagor will keep the improvements (exclusive of faundations) insured in an amount equal to the actual cash value against Lass b2 fire and extended coverage insurance, maricieus mischief and vandalism and such other losses or hazards as may be specified by Mortgagee. Such insurance shall in all respects he ,satisfactory to Mortgagee and shall contain a stand yrcl ,:m6 tgage ..'clause in.; f - F of Mortgagee and 'an :. dorsemern r t * d rs notice ri to cancellation or i ; . + ;rd &CA A�,qn.; bdlici a �. � z s��" ins �;aa tce shall be CUM. ttq & ugai =eawe AIL pro ^3s s�f such azsurariEe s 1.l ..be paid over �� ' Mo�t�agee to be app" 1• ` 4 , 'et the tion af.., Xottgagee, either to the prepagment �% �k Note, without pw or to thYe zost .cf . any tepair qs: :� :re§toration required..", equired: ii ; .. >u : a wahrag4 or dqs ruction to,..', .itvA Mortgaged ?ropes'; 4. Lat i �n i L'iorta'l-4ed Proud C) w3kee p the mortgaged Property and . all bu il and oth;e1r ?: improvements thereon in good condition and repair, (ii) will comply with all laws, ordinances and regulations of all public authorities relating to the Mortgaged Property or the use thereof, (iii) will not suffer any waste to be committed thereon, and (iv) will not remove, demolish or alter any buildings, improvements or fixtures thereon without the prior written consent of the Mortgagee. S. Default. If there be any failure or default in the perfortrance of any of the terms and conditions of this Mortgage or any other agreement securing the Note, or if the Note or any installment or other charge thereof is not paid when due, or if the Mortgagor shall become insolvent or be the subject to any bankruptcy or insolvency proceedings, or if the Mortgaged Property should come into the possession or contc' of any court prior to the full payment of the debt secured herehy, then all of the remaining debt secured hereby, accrued interest, and all other charges shall become due and payable without further notice at the election of the Mortgagee and this Mortrgage may thereupon be foreclosed i=ediately. 6. Right to Cure. Mortgagee shall have the power, but shall not be obligated, to cure any of the Mortgagor's defaults herein and any amount paid hereunder by the Mortgagee shall be considered additional debt owed by the Mortgagor and secured by this Mortgage and shall be payable on demand, with interest at the highest legal rate applicable to a natural person, or if the Mortgagor is a corporation, or partnership or other entity at the default rate provided in the Note; Mortgagee is hereby expressly subrogated to all the rights of the person or entity receiving any such pay:men.t. 7. Assignment of Rights. To further secure the Note, Mortgagor hereby assigns to the Mortgagee, all the rents, revenue, profits and income from ,the Mortgaged Property and the possession theLMof for the purpose of collecting and enforcing the same. 11- ort4agor does hereby constitute and appoint the Mortgagee its is :ue - and lawful attorney -in -fact for the purpose of taking possession of the Mortgaged Property and collecting all of the rents, revenue and income thereof and to pay from the money collected from the Mortgaged Property all fees, commissions, and expenses incurred in renting and managing the same and collecting the rentals thereform, and to pay the taxes, assessments, and r- l i