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-2 -. L i 87-° 101452 it above, and (iii) Mortgagor will defend the Property against the _ lawful claims of any person or entity. 1. PAYMENTS. Mortgagor shall promptly make all payments require under the Settlement Agreement. 2. TAXES. Mortgagor shall pay each installment of all taxes and special assessments of every kind, now or here- _ _ after levied and assessed against the Property or any part thereof, before same becomes delinquent, without notice or demand and shall provide Mortgagee with evidence of the payment of same. Mortgagor shall pay all taxes and assessments which may be levied upon Mortgagee's interest herein or upon the Mortgage or the debt secured hereby without regard to any law which may be enacted imposing payment of the whole or any part thereof upon the Mortgagee. 3. INSURANCE AND REPAIRS. Mortgagor shall maintain fire and extended coverage insurance insuring the improvements and buildings constituting part of the property for an amount equal to the actual cash value of such improvements, exclusive of foundations, but in no event for an amount less than the _ amount of the unpaid principal balance of the payments due under the Settlement Agreement. Such insurance policies shall contain a standard mortgage clause in favor of the Mortgagee and shall not be cancellable, terminable or modifiable without ten (10) days written notice to Mortgagee. Mortgagor shall promptly` repair, maintain and replace the Property or any part thereof so that, except for ordinary wear and tear, the Property shall not deteriorate. In no event shall the Mortgagor commit waste on or to the Property.f. 4. OPTIONAL ADVANCES. If the insurance required above is not promptly e ecte , or if the taxes or special assessments levied and assessed against the Property shall be- come delinquent, Mortgagee (whether electing to declare the whole Mortgage due or not), may, but need not effect such insurance, effect such repairs, pay such taxes and special assessments, and all such payments with interest thereon 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 Settlement Agreement, from time of payment shall be a lien against the Property. 5. ACCELERATION AND RECEIVERSHIP. If default shall _ be made in the payments prove ed in the ettlement Agreement, or any part of the interest thereon, or any other advance or obligation which may be secured hereby, such as taxes, special assessments, insurance and repairs, or if Mortgagors shall suffer or commit waste on or to the Property, or if there shall be a failure to comply with any and every condition of this Mortgage, then, at the option of the Mortgagee, the whole of the -2 -. L i