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20210G436 If required by mortgagee, to also make monthly deposits with mortgagee, in a noninterest bearing account, together with and in addition to interest and principal, of a sum equal to one -twelfth of the yearly taxes and assessments which may be levied against the mortgaged property, and (if so required) one -twelfth of the yearly premiums for insurance on it. The amount of the taxes, assessments and premiums, when unknown, shall be estimated by mortgagee. The deposits shall be used by mortgagee to pay the taxes, assessments and premiums when due. Any insufficiency of an account to pay the charges when due shall be paid by mortgagor to mortgagee on demand. If, by reason of any default by mortgagor under any provision of this mortgage, mortgagee declares all sums secured by this mortgage to be due and payable, mortgagee may then apply any funds in the account against the entire indebtedness secured by this mortgage. The enforceability of the covenants relating to taxes, assessments and insurance premiums otherwise provided in this mortgage shall not be affected except insofar as those obligations have been met by compliance with this paragraph. Mortgagee may from time to time at its option waive, and after any such waiver reinstate, any or all provisions requiring the deposits, by notice to mortgagor in writing. While any such waiver is in effect, mortgagor shall pay taxes, assessments and insurance premiums as provided elsewhere in this mortgage. SECTION FOUR. PAYMENTS REQUIRED BY SUBSEQUENT LAW To promptly pay all taxes and assessments assessed or levied under and by virtue of any state, federal or municipal law or regulation passed later, against mortgagee on this mortgage or the debt secured by this mortgage, or on its interest under this mortgage; provided, however, that the total amount paid for any taxes pursuant to this paragraph together with the interest payable on the indebtedness shall not exceed the highest lawful rate of interest in Kansas. In the event of the passage of any such law or regulation imposing a tax or assessment against mortgagee on this mortgage or the debt secured by it, the entire indebtedness secured by this mortgage shall become immediately due and payable at the option of mortgagee. SECTION FIVE. INSURANCE To keep the mortgaged property insured against loss or damage by fire, and all perils insured against by an extended coverage endorsement, and any other risks and perils as mortgagee in its discretion may require. The policy or policies of insurance shall be in the form in general use from time to time in the locality in which the mortgaged property is situated, shall be in an amount as mortgagee may reasonably require, shall be issued by a company or companies approved by mortgagee, and shall contain a standard mortgagee clause with loss payable to mortgage. Whenever required by mortgagee, the policies shall be delivered immediately to and held by mortgagee. Any and all amounts received by mortgagee under any of the policies may be applied by mortgagee on the indebtedness secured by this mortgage in a manner as mortgagee may, in its sole discretion, elect. At the option of mortgagee, the entire amount so received or any part of it may be released. Neither the application nor the release of any such amounts shall cure or waive any default. On exercise of the power of sale given in this mortgage or other acquisition of the mortgaged property or any part of it by mortgagee, the policies shall become the absolute property of mortgagee. SECTION SIX. WRITTEN MORTGAGEE CONSENT To first obtain the written consent of mortgagee, the consent to be granted or withheld at the sole discretion of mortgagee, before: 3