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. ., (c) To pay all taxes; (d) To keep all buildings insured against fire and against other hazards specified by GMHC for an amount not less than the full replacement cost for the protection of GMHC, including, but not limited to, lightning, hazards under the usual "extended coverage" endorsement, and all other hazards and risks of direct physical loss . occasioned by any cause whatsoever, subject only to any exceptions and exclusions agreed to in writing by GMHC. Such policy of insurance shall be delivered to GMHC, name GMHC as loss payee under the so-called standard mortgage clause, contain no pro rata reduction provision, provide for not less than thirty (30) days' notice to GMHC of cancellation of said policy, and shall be written by insurance carriers approved by GMHC, which approval shall not be unreasonably withheld; (e) To keep the Mortgaged Premises in good repair and commit no waste; and (f) That the whole of the indebtedness secured hereby shall become due after default under any of the teons of the Note or this Mortgage, or in the payment of any tax, or in the performance of any other covenant contained herein, at the option of GMHC. 3.) Subordination. This Mortgage shall be subordinate only to a first. mortgage executed and delivered on this date by Debtor encumbering the Mortgaged Premises and securing another loan made to Debtor (the ''First Mortgage"). 4.) Additional Covenants and Agreements of Debtor. Debtor makes the following additional covenants and agreements with GMHC: (a) Any award of damages under condemnation or payment in lieu thereof for injury to or the taking of all or any part of the Mortgaged Premises are hereby assigned and shall be paid first, for amounts due and payable under the First Mortgage and the promissory note secured thereby, and then to the indebtedness outstanding on the Note. (b) Any proceeds of any insurance payable by reason of loss or damage to the Mortgaged Premises are hereby assigned and, shall be paid first, for amounts due and payable under the First Mortgage and the promissory note secured thereby, and then to lender with authority to apply the proceeds to the indebtedness outstanding on the Note. (c) Debtor shall hold GMHC harmless from all costs and expenses in connection with this Mortgage and its priority, and, if GMHC becomes a party to any mechanic's lien suit or other proceeding relating to the Mortgaged Preml~~~_l:>.r~o .~~___ Mortgage, Debtor shall reimburse GMHC for GMHC's re~onable attorneys' fees, costs, and expenses in connection with said suit or proceeding. (d) Debtor shall not sell, convey, mortgage, pledge, grant a security interest in, or otherwise transfer or encumber all or any part of the Mortgaged Premises or any interest therein except in compliance with the provisions ofthis Mortgage and the Note. (e) Debtor shall pay the principal and interest, when due, on the First Mortgage and other encumbrances prior to this Mortgage. ..... --- -.. . -2-