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,. <br /> <br />-5~ <br />repair, not to remove,-demolish or substantially alter. <br />(e~soept such alterations; as nEay be required by 1a~e, ordi- <br />nances or requlat.ons) any of the Zmpzovements; to complete <br />-promptly and:- in -good and worsanli.ke manner- with any buili~~;ng <br />or other imgroveQient whzeh may be constructed on the Prpgerty <br />and promptly restore in 3ike manner any Improvement which <br />ma}~ be damaged or destroyed-thereon, and to gay w3ien due. all <br />claims for labor performed-and materials furnished therefor,- <br />to comply with all laws, ordinances, regulations, covea~antsF <br />conditions and restrictions now or hereafter affecting the:: <br />..Security or-any part thereof or requiring any alterations or <br />improvements; not to commit or permit any waste or de£eror- <br />anon of the Security, to lseeg and maintain abutting grouAds, <br />sidewalks, roads, parking-..and landscape areas in good and <br />neat order and reg~ir~ not to co~nasit, suffer or permit any.. <br />-act to be dome i.n or upon the Security in violation of any-' <br />law, ©rdinance or regulation. <br />1.03 Ite~uired 2nsnrance. T~rtgagor covenants and ~,: <br />agrees_to at all ties provide, maintain and keep in force <br />the fallrs~:ing policies of insuranceq <br />(a) Insurance against loss: or damage to-the Improve-. <br />merits by fire and and of the risks hovered by <br />insurance of the type now kno~m as "iZ'e and <br />extended-coverage", in an amount not 3ess than tha <br />~rigi~zal a.un4 e5€ the ate cr ~'ali regl,:ce- <br />meitt ecset o£ floe Improvements {exclusive of the <br />east of excavations, faundations~ and footings <br />below the lowest bssamerft floor)., whichever is <br />gireater; and- worth -not mire than $1~4t#0; deduetable <br />.from floe '!oss payable-for any casualty. The <br />golicie& of insurance car*-ied iri accordance rai*~ <br />t~ris subpazagraph #a) shall contain the "Replace- , <br />merit Cost Lndflrsement;" <br />€~~ If-requested day ~iortgacpee, business interruption <br />insurarsee andjor loss of "rental ~rslue" insurance <br />ir- suoh its as•sre satis~actorg tU Mortgagee;. <br />~c) t3urin5 the cou;cse a£ any construct3.on or repair of <br />7~>O~ePE9?~t6 533 the Progert~,E'O +n~r@t1en82V?T~'~1'! C <br />liability a.neurance (including coverage for ele- <br />varors and escalatnr5, if any, on the Security <br />and, if any construction of new Improvements <br />occurs after e~ecuti4n of this L~lc>rt+~aga t completed <br />operations coverage for tWa years after construction <br />of the I~provexients has been ee,mp3eted) on an <br />"oGCUrranr_e basis" against claims for "persal <br />