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<br /> �,,,,. 4. Bre�ch by Bcrrowe►. In case of breach by Borrawer of the covenants and conditions of the Agreement or the ��,� '.I;�;
<br /> � . , ..,�,� Constructlon Loan Apresment, Lender, at Lender's aptlon, with or without entry upon the Property, (a) may „��:�-
<br /> invoke any of the righte or remedles provlded In the Agr�emant of the Construction Loan Agreement, or (b) !�=�_—�
<br /> may accelerate the suma securod by this Sacuriry Instrum�nt and invoke any of thase remedles provided for in •'•�����=�_=
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<br /> this Securlly In�trument,or (c) rnay do bolh Nthough tallurs ta exeraise any of its rig hts and remedfes at any ,.:_ _ _
<br /> one time doos no!mean a waiver. er�•-W=-
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<br /> 5. Property,The property coverad b this 8ecuri Instrume►nt includes the ro e dsscribed or referred to in ,�• �'�
<br /> Y tY P P �Y «�s��`..
<br /> ;� the Securily I nstrument,togeth�r with the following, ali of which are referred to as the"Property": �•���--
<br /> `� The Ma�ufactured Housing Unit and any and all bufldinps, Improvements(prov(ded in the Construction Loan -;��._.v.r_
<br /> Agreement ar otherwise),and tenaments now ar hereafter erected on the Property;any and all heretotore and „+,�:�:=�,a.-
<br /> hereafter va�ated alleys and streets abutting the Property, easemeMs, rights, appurtenances, rente (subject '�Sf��.�
<br /> ., however to any assignment of�ents to Lender), leases,royalties,mineral,oil and gas rights and profits,water, ::�_-
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<br /> water rights and water stock appurtenant ta tha Property (to the extent they ar�Included in Borrower's fee -;-S-v-;
<br /> simple title); any and all fixtures, machinary, equipmo�t, buflding materiafs, appllances, and goods ot -_
<br /> every nature whatsoever now or hereaiter lacated in,or on,or uaec�,or intended to ba used in connection with ---
<br /> � the Property and all replacements and accessfons of tham,Includir�g,but not limited to those for the purpose ..���r�
<br /> .''�!• of es,pptying or distributing heating, cooling, electricity,gas,water, alr and Iipht; seaurity and access controi , __
<br /> r' a p p a r a t u s; p l u m b i n g a n d p l u�n b i n g f(x t u r e s; r e f r i g e r a t�n g, c o o k i n g a n d l a u n d ry a q u i p m e n t; c a r p e t, f l o o -
<br /> �`�� coveringe and Interior and exteriar window troatments;furniture and cabinets; interior and exterior sprinkler �
<br /> piant and lawn maintenance equlpment; fire prevention and ext(nguishing apparatus and equipment, water ..
<br />_ -= - iai�ii9, ocibuiiirdi�y�ui�l, ci�mpnss3or, vacuum cibaning oy�iei�i. c�lspu3ni, diShh+ao'he?, faR�s, ar�: CVBR, :(ty ° :_
<br /> shrubhary and landscaping; any and all plans and spec'rficatlons for development of or construction of �
<br /> Improvements upon the Properry;any and all contracts a�d subcontracts relating to t he Prope r t y; any and all _
<br /> . accouhts,contract rights, instruments, documents, general Intangibles, and chattel paper arising from or by �_
<br />_ virtue of any transactions related to the Property; any and all permits,licenses,franchlses,certificatlons, and
<br /> other rights and privileges obtained in connection wlth the Property; any and all producte and proceeds arising
<br /> from or by virtue ot the sale,lease, or other dispositlon of any of the Property;any and all prxeeds payable a e'-
<br />- to be payabte under each policy of insurancd relatiny to the Property; any and all prxeeds arising from the �
<br />'__ takinp of all or part of the Property for any public or quasl•public use under any law,or by rlght of eminent �= ---
<br /> � domaln. or by private or other purchase in lieu thereof; all bullding permits, certificates of `
<br /> �•• occupancy, certificates of campliance, any right to use utilitles of any kind including water,sewage,drainage _
<br /> �. a•�,���• •• and any other utility rights, howeverarising whether private or public, present or tuiure, Inciuding �ny
<br />�' '��'' reservation, permit, letter, certificate, license, order, contract or otherwise and any other permit, letter �
<br /> .�,,.._�� cartiticate,Iicense,order,contract or other document or approval received from or isscred by any govemmental F'�
<br />�i, „� entity,quasi-governmental entity common carrier,or public utility in any way relating to any part of the Property �:`��.
<br /> ;�f or the Improvements, fixtures and equfpment thereon; all other interesta of every kind and character which �,-
<br /> _� -• Borrower now has or at any time hereafter acquires in and to the Property. ��
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<br /> �.., The portion oi the Propertydescribed above which constitutes real property(s sometimes referred to as the �'=�
<br /> --"`�"`' "Real Property."The portion of the Property which constitutes personal property is sometimes referred to as � `
<br /> n•�~�� . '�-:
<br /> _� , the"Personal Property," ''�-_
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<br />- � 6• Compiction.Lender shall not be responsible for the completlon of the Improvements,and ehall not in any way
<br /> � be considere�a guarantor of performance by Contractor. In the event tha Improvemante are not completed by �-_
<br /> Contractor according to the drawings and specifications, and it is datermined for whatever reason tF�e Le�der -
<br /> does not have a Ilen for the entire Unpaid Balance,then Lender shall have a valid lien tor its Unpafd Balance, -
<br /> less the amount reasonably necessary to complete the Improvemente, or in such event Lender, at its option, •-s r_--�._ --
<br /> shall have the ri ht to com lete the Im rovements,and the lien shall be valid for the Un aid Balance. , l,��6-=-
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