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Mortgaged Property; that Mortgagor will warrant and defend the title to the Mortgaged <br /> Property against all claims, whether now existing or hereafter arising. The covenants and <br /> warranties of this paragraph shall survive foreclosure of this Mortgage and shall run with <br /> the Land. <br /> AND IT IS FURTHER COVENANTED AND AGREED AS FOLLOWS: <br /> ARTICLE ONE <br /> GENERAL COVENANTS,AGREEMENTS, WARRANTIES <br /> 1.1 Payment of Obligations; Observance of Covenants. Mortgagor will duly <br /> pay and perform its Obligations and will duly pay when due each installment of principal <br /> and interest on the Contract for Deed and will perform or cause to be performed all other <br /> agreements and covenants by Mortgagor to be performed hereunder. <br /> 1.2 Payment of Impositions. Mortgagor agrees to pay, before a penalty might <br /> attach for nonpayment thereof, all taxes, assessments, water and sewer charges, and other <br /> fees,taxes and charges of whatsoever nature levied upon or assessed or placed against the <br /> Mortgaged Property (collectively "Impositions"). Mortgagor will likewise pay all taxes, <br /> assessments and other charges, levied upon or assessed, placed or made against, or <br /> measured by, this Mortgage, or the recordation hereof, or the Obligations, provided that <br /> Mortgagor shall not be obliged to pay such tax, assessment or charge if such payment <br /> would be contrary to law or would result in the payment of an usurious rate of interest on <br /> the Obligations. Mortgagor shall promptly furnish to Mortgagee all notices received by <br /> Mortgagor of amounts due under this Section and upon Mortgagee's request, shall deliver <br /> proper receipts evidencing the payment of such amounts. In the event of a judicial decree <br /> or legislative enactment after the date of this Mortgage, providing that any such <br /> imposition may not be lawfully paid by Mortgagor, or in the event that the payment of <br /> any such imposition by Mortgagor would result in the payment of a usurious rate of <br /> interest on the Obligations, the Obligations, together with interest, shall become <br /> immediately due and payable, or, at Mortgagee's option, Mortgagee may pay any amount <br /> or portion of such Imposition as renders the Obligations unlawful or usurious, in which <br /> event Mortgagor shall concurrently therewith pay the remaining lawful and non-usurious <br /> portion or balance of said Imposition. <br /> 1.3 Payment of Operating Costs; Prior Mortgages and Liens. Mortgagor <br /> agrees that it will pay, or cause to be paid, all operating costs and expenses of the <br /> Mortgaged Property; keep the Mortgaged Property free from mechanics' and material <br /> suppliers' and other liens, subject to Mortgagor's right to contest in good faith as set forth <br /> in Section 1.4 hereof; will keep the Mortgaged Property free from levy, execution or <br /> attachment and will immediately pay when due all indebtedness which may be secured <br /> by mortgage, lien or charge on the Mortgaged Property and upon request will exhibit to <br /> Mortgagee satisfactory evidence of such payment and discharge. <br /> 1.4 Contest of Impositions,Liens and Levies. Mortgagor shall not be required <br /> to pay, discharge or remove any Imposition, lien or levy so long as Mortgagor shall in <br /> -3- <br />