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<br /> '�; � hazasd.If ne�e�azy,as deteraiiaedby the engincer,the mortgagor"sbaU maintain coverage ��
<br /> �4 � in t1�full�riacipalamount of t&e loan. By its acceptaiaceherea�Hene�iciary ackaowledges �`:
<br /> � : � '` tbat separate sui�sidence insuiance shall not be�quired at the inception of the tr�saction :�-
<br /> :�:
<br /> _�.' . ` evidenced hereby. . �
<br /> =�;,. ,
<br /> ' �,;_;: •
<br /> :_;:: (e; e n o Insurance ag�st loss or damage from �:=:;.
<br /> .�� (p) leakage af spiinkter systems and(B)exPtosion of steam boileis,air conditioning � :�
<br /> t � .: �.'. ,� , e q u i p m e n t,h i g h P�P i P i n g,m a c h i n e r Y a n d�i P��;P��vesse�s or simitan � -
<br /> � ,<..;.;.-_. .
<br /> apparatusnoworher�►tierinsialledintheImprovemeAts(withoutexciusionforexplasio�s}, ��_��'
<br /> "�, ,- ' �� A�� � ia an amacmt at least equa�to the tesser ofthe ou�anding�grisiciPal anQOnnt of the Note or . �'.
<br /> -F , .-:- - : � � $2,OQO,OOO.OQ with a deductt'ble sio�g�eater than$10,000,itti�ess approved by Beneficiary: • , . �,
<br /> - ��� � • � . . • . .. . _
<br /> �:� .. ... . �� yYo �e�'%•,•••pn+nat�onand�.�P-.d,-ryeu's LIa6i1—'t�. If the Trust Froperiy . _
<br /> � �°:�:. , en� y vVoske�'s.co ensatian
<br /> - ;�'ii�cludes commeiciat groperty aad if Tn�swr bas o e�s, �P •
<br /> .. .. � :.`''�. � . insurance with respect�o a�►Y�emPloyees of Trustor,as:`secluimd 6y any gov�rnmeAtal . _
<br /> �.` � .authority or tegat requiremen�.. . � � ,
<br />____._ �..,n . . . . .
<br /> � • . .� (g) Miscelianeous. Sucbotherinst�ranceasmayfromtimetotune6ereasonab2y �_
<br /> required BY Beaeficiary in order to protect its i�terest§. ,
<br /> .. . ,. , •
<br /> ' . . Alb policies of insunuice(the"gali i�g")r�r�P�t to Sus�ara� 1�: (�sha���issued
<br /> :+ �`� by cuxnpanies appmved by Hi�teficiary aud licensed ta do tiusiaess in tbe sTate where the Tivst :.,`.
<br /> . '�,, ' '�f': Prop�rty is Iocated,with a claims PayinB ability rating of"BB�"�r b�uer by Standard�Poor's . --
<br /> ;: � ` .:;:i.� Ratings and a ratin�of"A:IX°ar bettea in the current HesYs Ins�ua�ace Regorts;('u7 s1�alI name _ .
<br /> ' �' � Benefici�y attd its successors an�iis assigns as their iaterest anay appear �s the • _
<br /> . :.� taeneficiary/�eneficiary,tiii}shall contain a Non-Con#ributory Standard Hene�#"iciary Clause aad a `
<br /> ., , Lender'sLossYayableFstdorsement,ortl�eirequivatents,namingHeneficiaryast$epersanWw�icl� :
<br /> " � .v.s� .;��`� ',�:;.'. ,a11 payments made by such insurattce cotazPanX shaU be paid; (iv) shall �ontain a waiver of .
<br /> . � .�;�;; ,:; `� : subrogatioa agaii�fleneficiary; (v) s� be maintained throughout the Tenn without cost to ..
<br /> . . ,d7�"•-; ; He�€��ary;(vi)sball be assigned and the originals delivered to Benefciary(including cei�ed ==
<br /> . ."•' L'° � '` ��• .copi�s�af the Policies in eff�&on t&e date hereo£vv�i�ia thiriy(30)days after the closing of the .;
<br /> • .. �;�:,. .
<br /> �`` ��; ` �'� � Loan};(vii)sball coatain sucb provisions as Heneficiary deeffis��easonably aecessary or d�ir�ble . . -
<br /> � ���''� � to prQiect its iwterest inctuding;without limitation,endotsenieats providing t1�at neithea�.�'ras�tor, .
<br /> . � ;;, �.�:�� Beneficiaty nor any other pa�y shall be a co-insnrer uader said Policies and t�at Beneficiary sball
<br /> .,:"' .; � receiveatleast thirty(3U)daYsprior written notice off�y modificadon►reductioa or cancellation, -
<br /> '. � ��. � �� �. and(viii)subject to the foregoing pravision of this Se�tio 2,st�all be saGisfactory in form aad -=
<br /> . � .� .,��� substanceto Bene�iciary and shall be ag�Led�bY Beneficiary as w amoums,foim,sisk coverage,� '
<br /> - . ,.+ ; .
<br /> �. deducti'6les, loss payees and iasureds. Trustor s�aYl gay the premiums For such Policies (the• . -
<br /> : . '��:;:�y . "j�,suiance Premium�")as the same become due a�sd payable and shall furnish to Beneficiary. :�: � ��_
<br /> ` � � erridence af the renewal of each of the Poiicies witi�receipts for the payment of the Insurance � �
<br /> � �' � � � ��' Premiums or ather evidence of such g�yment reasonably satisfactory W Benefica�ry(provided, � r-=-_
<br /> : �,.�,, �;.
<br /> � `� ��`�� however,thatTn�torisnotrequiredtofws�ishsucbevidenceofpayinenttoBeneficiaryiffitheevent -__
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<br /> . ,��,,.��; that such Insurance Premiumsi�ave been paid by Beneficiarypursvant hereto). If Tn�sw�does nat �:,
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