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r L 85, 004244 reasonably request, insuring First Party and Second Party against liabilities, claims, damages and losses to persons and property arising by reason of the use or occupation of the Mortgaged Property; (b) All insurance monies received on account of any loss or damage to the Mortgaged Property, after deducting therefrom the reasonable charge or expenses paid or incurred in connection with the collection and disbursement of said monies, may be used and applied, at the option of Second Party, either for the purpose of paying the cost of repair, restoration or replacement of the Mortgaged Property damaged or destroyed, or applied to any payment due under the Agreement; provided, however, if First Party does not, in the judgment of Second Party, reasonably cooperate as necessary to effect such repair, restoration or replacement and no amounts are then due under the Agreement, then Second Party may, at its option, hold such proceeds as a trust securing the Secured Obligation as fully as all other Mortgaged Property hereunder and as proceeds thereof, and Second Party may invest, reinvest and in all respects deal with such funds in its discretion and shall apply the same to obligations of First Party as and when due, and refund any balance to First Party upon release of this Mortgage. (c) First Party grants to Second Party full power and authority to make proof of loss under any and all insurance policies, either in the name of First Party, or in the name of Second Party, and to adjust, settle, collect and receipt for all insurance, and to endorse for and in behalf and in the name of First Party any check, draft or other instrument received therefor, and to collect the proceeds thereof, and also, if default shall occur hereunder, to collect and receipt for any unearned premiums and to apply same to the obligation secured hereby. In the event of foreclosure sale, any and all insurance policies may be assigned without consent of First Party, and First Party authorizes Second Party to assign said policies to the purchaser or purchasers at or after such foreclosure sale, or if Second Party elects so to do, Second Party may collect any unearned premiums and apply the same on the obligation secured hereby; (2) First Party will protect, save harmless and indemnify Second Party from and against any and all claims, liabilities, costs and expenses, of whatever nature, which may arise or result, directly or indirectly, by reason of the use or occupation of the Mortgaged Property or any part thereof; a= 9