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<br /> '.;;;.� by this S�curity Inatrumsnt sa �m�nd�d, and euch advancsa ma►y b� obliaatory und�r ths t�rms of
<br /> ti��� th�A�rNm�nt or ths Con�trucNon Loan AprNment. Th�S�curfty Instrum�nt s�cur�s th�perymmt
<br />;.�;�i of�ll aums and the performAnce of ell cov�nanls nquirsd by ths Lend�r In ths AyrMmsnt and ths
<br /> �7;;,,;;� Construction Loen Aqre�mont. Upon th�feilun of Borrow�r to kNp and p�form all th�cownsnte, �
<br />_.:�� conditione and agrNm�nte of ths AprNmsnt and th• ConehuoNon Loan Agre�msnt, th� principal
<br /> `���z'�� sum and all Intersst a�nd othsr charflee providsd for U ths Aqresment and secured hsrsby shall,at
<br />_=�� th�option of tt�e L�nder,b�coms duo and payabl�.
<br />�""�� 3. DiaburwmeMs to Proe�ct Securiry. All eums dlskuraed by Lender prlor to compietlon of the °
<br /> ;,�.i�� Improv�m�nte to protact the securityr of thls Security Inatrumont, up to ths Unp�id Balancs o} ths
<br /> _- ,�, Agraama�t a,�d any future adva�uwe,s���ll he troated ae dlaburaomente purauanl to ths GA��etruction
<br />""�"'` Loan Agreere�ent.All such sums shAil r�ear interest from the date of disburssmsnt at tfie rata ate�t�d �
<br />,:_:,:�. .
<br />_�=`�� (n the Apreomant, unle�a the aollection from Borrower of intereat�at such rat�would bs coptrary ta -:
<br /> `;,�� AppllcabM iaw, in whEch event euch c�mounte sh�ll bear Interest at the hiBhest rAts wh(ah may be
<br />�-`��'•' colNct�d irom 6orravwr undor appUcabN law and shall bs pe�yable upon notica from LenclAr to
<br />.�,<,f�, Borrow�r nquaatin9 P�Ym»,nt tharefor.
<br />����"� �1. Bre�ch by Borrows�. In caiss of brsttch by Borrowsr of the covenanta and condidons of th•
<br /> Apr»mmt or th�Conrhuc�tion Loan AyrNmsnt, L�nd�r, at Lende's aptbn, with or without�ntry
<br /> _ upon tfi� Prop�rty, (a)may invok�any of th�riphte or nm.di.. e��„��in �!�4;rrsnent r�:+�se
<br /> Constructlon Lo�n A�nwrnnt,or(b) may�calirat�th��um� �icur�d by this S�curity In�trum�nt
<br /> . �nd Invok� �r+y of tha� nm�diN provid�d tor In thla S�xirity In�trum�nt� or (c) m�y do both
<br /> �Ifhou�h fvlur�to�xr.d�e�ny of ib�iphb�nd nrn�dlN Rt any on�drR�doN not ms�u►+�w�h►K.
<br /> 6. Prop�rty. Th� prop��iy c�ovor�d by thi� S�curity Inetrumsnt Induda th� proMrty d�tcxib�d or
<br /> � rMrrr�d to(n thi S�urMy Inttn+m�nt,top�th�r wifh th�follawin�, �II of wh�h �r�rM�n�d to a th�
<br /> , .prop��Y":
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<br /> � Th� M�nuf�atund Houtinq Unit �nd any and sll buildinps, Improv�m�nte (provklad fn th�
<br /> ,� Con�tructlon Lou� A9rMment or oth�rwK�),�nd t�nsmsnte now or h�r�afhr �recWd on th�
<br /> ' Prop�rly; �ny u�d all h�r�tofon and h�r�aft�r v�cat�d albys and stn�ta abuttihp�th� Pro�ty,
<br /> . ��m�nb, riyhts, �ppurL�nancM, nnb (�ubJ�ct hovwnnr to e�ny �ssignmsnt of r�nb to L.�ndK),
<br /> � Naas. roYait�s, minKd, oN �nd pa►s riphts snd profke� watsr, wat�r dghte and wAtK stodc
<br /> , appurt�;u�nt to th�PropKty(to th��xt�nt th�y ar�Indud�d in Borrow�r's fN sGnplr titl�); any�nd
<br /> all fbctur�s, machlnsry, �quipm�nt, bufldinp matWials, appflenw, and poodi of �y�ry natun
<br /> whatsowK now or hor�afbr adfbad to th� Proparty and ell rapl�qrrt�nts and acc�ssions of thom,
<br /> . Inc�udinp any and dl pl�ns�nd sp�cifice�tbns for d�vNopm�nt a! or o�nshu�tlon of Improvsmsnte
<br /> upon th� Propwty; any snd all contracb and suboontracte relating to th� Propsrty; einy end �II
<br /> ; accounb� contrgct ri�hts, inetrum�nts� docum�nta� p�nKal intenpiW�s, and chetbl pap�r auisiny
<br /> _____� from or by vhtu�of�ny traneacUons nlat�d to ths Prop�rty;any eu�d all p�rmks, Ik;sneee,iranchfese, —
<br /> : ' a►tiNcatlans, end othor righte end pr(viispse obtainsd fn connection wffh th� Prop�rty; any and all
<br /> producb nnd proc�da erisinp irom or by virtu�of the sal�, I�aaa,or oth�r dispo4iqon�f��ny ot th�
<br /> Prop�rty; any euid dl proce�ds pay�b{o or to bs pay�tbl� und�r �ach polic� of Md�Ir� rNatlnp
<br /> ---- to ths Proporty; any and all proceede aria(nq from the takinp of ell or pan of ths Prop�rty for any
<br /> ---- . pubNc or quasi-publi� uca under any Isw, or by riyht�of em(nont domain, or by pr,vat� or oth�r
<br />__�'y purchae� In Ilou thsreof; wll buildlnp p�rmRs, c�Micat�s oi xcupancy,c�rlific�t�e of compllana,
<br />"=-;�::� any rlpht to uss utlliHsa of any kfnd indudinp wat�r, sswaqs, dr�fnnqe and any oth�r utllity rlphts,
<br />==����± howw�r ari:inp whether private or publlc,prN�nt or futuro, includfnp any rnsrvaUon, {»rmit,I�tt�►,
<br />--=�� cadNcat�,llans�, ord�r,conhnct or othervvie�and any othsr parm(t,I�tt�r o�rtNicat�, lic�ns�,ord�r,
<br />:..,�..�
<br />-,�.w�� , c�ntraCt or othsr document or appruvol nc�hr�d from or lasusd by sny flov�mmsnte�l �ntity,
<br /> L .� , Nauao�ueaas
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<br /> PApE 7 OF 7
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