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84 -- 006186 r the Note secured hereby, such amount as may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become dUe. 4. Insurance. To keep the improvements now or hereafter located on the real estate described herein, insured against damage by fire and other hazards in a minimum amount toirisu+e full payment of the principal and interest of the firstmortgag~, together with the principal and interest of this ~10rtgage, with a loss payable clause to the Mortgagees herein.' In case of 10515. under such policies I the t10rtgagee is author'iz-~d to and compromise, in the discretion of the M.oJ:tgq-gee~ under at Mortgagee's sole option and to apply the the indebtedness secured hereby with payments until the sums secured hereby are paid in full. 5, Repair, Maintenance and Use. To or rebuild any buildings or improvements now or e~ property; to keep the property in good condition and ." waste, and free from mechanic's or ether liens not ordinated to the 1 ien hereof; not 1>_ 'lid::e, suff'Jr or nuisance to exist nor to d';.minL;) nr imp<<ir the value perty by any act or omission to act; and to comply with requirements of law with respect to the property. 6. Performance by Mortgagee. Mortgagee may, but shallha'llB. no obligation, to do any act which the Mortgagor has agre.edbut, failed to do, and Hortgagee may also do any act Nortgagee ,deems necessary to protect the lien hereof. Mortgagor agrees to repa,y, upon demand, any sums so expended by the Mortgagee fortheaboye purposes, and any sums so expended by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee shall not incur any personal liability because of anything the Mortgagee may do or omit to do hereunder~ 7. Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant or agreement of this Mortgage, including covenant to pay when due the sums secured by this Mortgage for a period of :sixty (60) days, the Mortgagee shall be entitled at Mortgagee's sole option and without further notice, to declare all sums secured by this Mortgage to be i~~ediafely due and payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such default the Mortgagee, or a receiver appointed by a Court, may at their option and without regard to the adequacy of the security, enter upon and take possession of the property, collect the rents, issues and profits therefrom and apply them first to the cost of collection and operation of the property and then upon the indebtedness secured by this Mortgage; said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness secured hereby. -2- II LJ L --1 L