4/14/1950 · RELEASE · book 29 page 528 doc 1098@29/528

528 AND FURTHERMORE, we the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its Successors and Assigns, that the exterior and interior of the buildings and improvements on the premises described in this mortgage shall at all times until full payment and discharge of said mortgage be kept in as good condition and repair as the same now are or may hereafter be put in, and that insurance against loss by fire shall be kept and maintained on the buildings on the premises aforesaid in such companies and written through such offices as shall both be approved by said Industrial Trust Company, its Successors or Assigns, in a sum not less than Three Thousand ($3000.00) Dollars, and that such insurance shall be assigned and transferred, and made payable in case of loss to said Industrial Trust Company, its Successors and Assigns, as collateral security thereto and, in default thereof, hereby agree that said Industrial Trust Company, its Successors and Assigns, may effect such insurance either in its or their own name or in the name of said mortgagors, their heirs or assigns, payable in case of loss to said Industrial Trust Company, its Successors or Assigns, and that the premium or premiums paid therefor shall be a further charge upon said granted premises secured by these presents as aforesaid.