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~I-~- ~~>49z~~~ <br />2. Title. Mortgagor is fire owner of property, has the right <br />and authority to mortgage the property, and warrants that the lien <br />created hereby is a first and prior lien on the property. <br />2. Taxes, Assessments. To pay when due all taxes, special <br />assessments and all other charges against the property and, upon <br />written demand by mortgagee, to add to the payments required under <br />the note secured hereby, such amount as may be sufficient to enable <br />the mortgagee to pay such taxes, assessments or other charges a.s <br />they become due. <br />4. Insurance. To keep the improvements now or hereafter <br />located an the real estate described herein insured against damage <br />by fire and such ether hazards as mortgagee may require, in amounts <br />and with companies acceptable to the mortgagee and with loss payable <br />to the mortgagee. In ease of loss under such policies, a mortgagee <br />is authorized to adjust, collect and compromise, in the discretion of <br />the mortgagee, all claims thereunder at mortgagee`s sole option and <br />to apply the procees upon the indebtedness secured hereby with <br />payments hereunder continuing until the sums secured hereby are paid <br />i.n full. <br />5. Repair, Maintenance and Use. To pramptly repair, restore <br />or rebuffid any r~uiidirzgs or mprovemcnt3 a~tw or trer•eaT'ter on th€ <br />pr-f-_-~. i,- k°- tile _ °. _ .~.. _ o'„i ... ~..n:.ti Liar3 ~rri r~~~air~ without <br />waste, and free from mechanic's or other liens not expressly <br />subordinated to the lien hQreaf; not to make, suffer ar cammitt any <br />nuisance to exist nor to diminish or impair the value of the property <br />by any act or emissive. to act; anti to campiy with all requirements <br />of law with respect to "*..he property. <br />6. rerfor;rar.ce by !:ortgagee. Mortgagee rnay, but shall Crave <br />na obligation, to da any act which martgagar• has agreed but <br />,,_ _ _ _ ._ ._ :r= a._so do n ~~ t mar,,-..~N~a _iee <br />ia.i,ieU 40 a:.:, a:,:i ...vt°tg~~~~ ~y y s~~u.~~ ~ .,.~. <br />necessary to prefect, fire lien hereof. Martgagur agre%s to r-i:pay, <br />upon demand, any sums so expended by tiYe mortgagee for the above <br />