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<br /> ��. 10006�
<br /> 2.5 Dutv to Pmt�L Mortgagor sha�l do all other acts,in addition to those set forth in tnis
<br /> Mortgage,that from the character and use of the Property arc reasonably nece:ssary to protect and
<br /> pnserve the security. �
<br /> 3. TAXES AND LIENS '
<br /> 3.1 P�. Mortgagor shall pay,prior to delinquency,all taxes and assessments levied
<br /> against nr on account of the Property,this Mortgage or the Note,and shell pay when due sll claims
<br />- for work done on or for services rendered or material fiunished to the Property. Mortgagor shall
<br /> rnaintain the Property free of any liens having prioriry over or equal to the interest of Mortgagee
<br />- under this Mortgage,except for the lien of taxes and assessments not due and except as otherwise
<br />= pmvided in Section 3.2 hereof.
<br /> 3,2 gig,ht to Contest. Mortgagor may withhold payment of any tax,assessment or claira in
<br />= connecdo�i with a good faith dispute over an obligation to pay, so lang as Mortgagec's interest ia
<br />-- the Property is not,jeopardiud• If the Pmperty is subjected to a lien(other than for statutory liens)
<br />_= which is not discharged within sixty (60) days, Mortgagor shall deposit with Mortgagee�cash,a
<br />- sui�iicient corporate surety bond or other security satisfactory to Mortgagee in an amount sufficient
<br />= to discharg�the lien plus any interest,costs,attomeys' fees or other cl�arges that could accrue as a
<br />� result of foreclosure or sale under the lien. In any contest proceedings,Mortgagor sh�ll defend itself
<br />�'- and Mortga�ee and shall name Mortgagee as an additional obligee under any surety bc�nd, and
<br />�� Mortgagor shall satisfy or cause the stay of any final aciverse judgment before enforccmcnt against
<br />:� the Froperiy. -
<br />.� 3.3 �,�riden of PavmeaS. Mortgagor shall pmrnptly furnish evidence of payment of taxes
<br /> � and assessrnents to Mortgagee within five(5)business days of written:equest and shall authorize
<br /> .� the appropriate county official to deliver to Mortgagee at any tirne a written statement of the taxes
<br /> � and assessments against the Property.
<br /> Y
<br /> - 4. PROPERTY DAMAGE INSURANCE
<br /> a.� *�a�1��Pf1�Al7I�p og TnsLrance, Mortgagor shall procute and maintain policies of fire
<br /> insurance with standard extended coverage endorsements covering all improvemcnts on the Real
<br /> _ property,and the Personal PruPertY,in an amount sufficient to avoid applications of any coinsw'ance
<br /> � clause and with loss payable to Mortgagee. Policies shall be written in amounts,in farm,on terms
<br /> y and with companies reasonably acceptable to Mortgagee.
<br /> � q..2 �q��n,�c ort on Insutan��. �i��Y(30)days aft�x the close of its fiscal year,
<br /> hiortgo�gor shall fumish to Mortgagee,if requested,a report on each existing policy o£insurance.
<br /> �� 4.3 An.�lication of Proceeds. Mortgagor shall promptly notify Mortgagce of uny loss or
<br /> damage to the Property in excess of Twenty-five Thousand Dollars (525,000.00). Mortgagee may
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