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<br />3. Mortgagor shall pay, when due, all taxes and assessments of euery
<br />type or nature levied or assessed against the Mortgaged Premises or upon
<br />the Banks' interest therein, and any claim, lien or encumbrance against the
<br />?Sortgaged Premises and at the request of the Agent shall furnish to the Agent,
<br />prior to the date when such required payments would become delinquent, cer-
<br />tificates or receipts of the proper office showing full payment of all such
<br />taxes and assessments.
<br />4. If now or hereafter demanded, Mortgagor agrees to pap to the Agent
<br />.additional monthly installments equal to one-twelfth of such an amount as
<br />the Agent shall estimate to be required annually, far the purpose of accumu-
<br />lating a fund with which to pay, when due, taxes, assessments and premiums on
<br />insurance policies covering the Mortgaged Premises.
<br />5. Upon failure of Mortgagor to maintain insurance, pay taxes and
<br />assessments, or furnish certificates or receipts as hereinbefore provided,
<br />the Agent may, at its ogtion, grocure such insurance, pay such taxes and
<br />assessments, redeem the Mortgaged Premises from any tax sale and procure such
<br />certificates or receipts, and Mortgagor shall upon demand pay to the Agent all
<br />sums which it may have so paid or become obligated for, together with interest
<br />on all such sums from the date the same were paid at a rate equal to two per-
<br />cent (2X) per annum above the interest rate provided for in the Note payable to
<br />the Agent but not in excess of the maximum lawful rate in effect at the time
<br />such sums were paid. For payment of such sums and interest this Mortgage shall
<br />stand as security in like manner and effect as for payment of the Debt. In the
<br />event the Agent elects to advance insurance premiums, taxes or assessments, or
<br />redeem the Mortgaged Premises from tax sale, the receipt of an official of the
<br />insurance company by which such insurance is written shall, as to insurance
<br />premiums, be conclusive evidence of the amount and the fact of payment thereof,
<br />and the receipt of the proper public official shall, as to taxes or
<br />assessments, be conclusive evidence of the amount and validitg and the fact of
<br />payment thereof.
<br />6. Mortgagor agrees to pay to the Agent on demand all sums, including
<br />costs, expenses and reasonable agent's fees which the Agent or the Banks may
<br />expend or become obligated for in any proceedings, legal or otherwise, to
<br />establish or sustain the lien of this Mortgage or its priority; or in defending
<br />against liens, claims, rights, estates, easements, or restrictions claimed by
<br />say person or persons asserting priority over this ASortgage; or in payment,
<br />settlement, discharge or release of any asserted lien, claim, right, estate,
<br />easement or restriction when counsel advises the Agent that the same is
<br />superior to the lien of this Mortgage; or for an abstract or an extension of
<br />abstract of title covering the Alortgaged Fremises. In connection with any suit
<br />to enforce or to foreclose this Afortgage or to recover all or any part of the
<br />Debt,•Mortgagor shall pay all costs and expenses together with interest on ail
<br />such sums from the date the same were paid, at a rate equal to two percent (2%)
<br />per annum above the interest rate provided for in the Note payable to the
<br />Agent, but not in excess of the maximum lawful rate in effect at the time such
<br />sums were paid. For payment of such sums and interest this Mortgage shall
<br />stand as security in like manner and effect as for payment of the Debt.
<br />7. Z£ default is made in payment at the time and in the manner pro-
<br />vided by the Loan Agreement, the Notes ar by any other evidence of the Debt or
<br />payment of interest thereon; or if default is made in payment of any other sums
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