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� I.;r � . .. . .<LI•_� .�... • ___"'.- . . s�.''.``'�� . � i.i i-. , ..a. . ' M 1. .]i."1 f._ v�,�w.. .,y,. n . . . �_�f.�� ""_'.— lti.-�.. '_ -- '_j�--_---_-- __'—_—_ _'� M!}i�lfR�+'w�.+�-..._�.�.___�._—_" l � 9T� 1«7539 Upnn Bormwer's bn�ch af�uy covon�nt or a�reetnrnt of Bomc�W�r in thi�I�.ctrumont,Lender�uY aPP�y� i11 Any unount u�d In any arder�s Lender eh�ll deterntine.in Lender's sale�I�credon.+�ny Fuads held by Lendcr at thc dme nf appllcuion(�)to p+Y t�xe�,�ss��sme►us,ia+w�c pnmlumv ind Other[u�stdons which then uc due, or(b) as�credit�atagt nny indetKedness sesund by thle Iastnunent. Ul;Pedp�nds held t�y Lcndec� secured by this Iasaurueac.Lender slull�romptly refund to Bormwer any unapn Lcudcr k:reby arrees eo vvnive its dght to require pxynxnt of tbc Fund.g so long as Bormwer does not defiult uader tlfee Note.this I�tnunent.or tay ather i�ttumeat sectuiqR the Note pcovi�Jed tluc lwrrower pruvi�ks Lender with dmely evidence s�dsfactory to Lender tlat all uxes. �ssesscnent-a. pnmtums uid, if roquested b9 L,e�ler.(kher lmposidons 6ave t►een pald ta fuU pdor to delinqueucy. if sus6 a dGfault accurs or if Borrower does uot provide such evtdence.teuder auy cavoka its�waiver at any time ttxraRer hy givtn�written twdce thereof ta Borrower. 3. ApPLICATION OF PAYII+�NTS. Unless applicable law requftes o[hetwibe� a11 P�yme°�s raxivad by I,endet from Boxmwer uader We Note ar thls I�uument stWl be applied by I.aader ln tLe order of prio�iry�s detemnined by Lender in i�s discretion.except ttwt amo�mte paid to Lenck:r by Aonower under p�r�grapb 2 be�+eof shall be uscd tor such puipose�bsent a default by Borrower under�he Nate or tlue Iasaumont. 4. CHARGESt�. Borrower sh�ll psy aU tues,usessments,Premiuu�s.and Ot6er Imposit�ons ata�Ibutable w the PcopenY u L��s�wi�ou in t6r mvu�cr provided uncfeer�ngr�ph 2 6ereof or�if aoc pi�ia such auuuxr,by Bormwa m�icins PnYme►u.when due.direcdy ta tLe appn�Priate P�►Ya�hereof. or in such ot6er manner is Lender msy designate in wri�dag. Borrower shall prompdy fucaish ro I.ender�Il mtices of atmunts due under thls�ueagr�pl►uid. in tLe event Borcower slutll m�fce p�yment direcdy.Borcavrer stutil promptxy fuinish to Lender roceipr�evldencing such PaYments. Borrower siWl promply dEsch�rQe�ny liea which has�or msy have, p�i�rity over ar equality wIth.the pon of this Insuument. uxt Bomnwer shall pay, when due, t6e cl�of�Il �pensons svpplytng U�t+or a�enstetials w or in connecdon with tbe PropenY• Witbaut Lender'e pdor writun coas�nt, wbich may i�e withheld i9�,ender's sole�ad absolute d�scr�tton(unless specifically prnvtded w thC co�r in thls Instiumene),Horrower wiU act permit or allow nny ]lem tnfariur to this IaSUUmeat to be perfected tgaimc ttx Propetty. 5. ni+�cA�cu ui�a3",�,'.;:��. Bo�•�,�s � • k��he imomvements now exisdn8 or he�caRer erected on the Propettl'imv�by c�rders u�11 dmes suisfacwry to I.ender against loss by 8re.h�r�rds included avithin t6e tetm "eatended coverage." nM loss for not lesc ttu�n oae yeu's gross income fcom tLe Pcoperty, and such otber banuds. c�suelties,IIabUltiesawd coadnge�ies�s Leader sh�ll re�on�bly r�quIre.incluNng.tnwn8 ather thin8s,aarmdo or simllu envlrosmenal chm�8e.and in such�mounts�ad for such pedods t�s Lender siWl re�son�bly toqu�ire.buc in u►y event not less thw an amount which will comPty witl�tny coi�uunnce clsuse and not less tbaa the��of(i)the Pdnc;P�bilu�ce of tbe Note,or(ii) 100�of tbe actual cuh z'ePl�cement valoe of the imPmvements(both find�res ind Person�lty)• All premiums on insunnce PolicZes s�U be pid�u I.ender's opdon.ia the m�mer providod uader pusgnph 2 hereof, or by Boirnwer�PaY��wLta dne dinttly to the curler if Lender has waivai Its escrow rsquinment. or In such otber an�nner a9 I.ender mny desi8aue in wrldng. Alt�asuruice policies and reaewals tLeceof st►�ll be ia s farm accepuble to i.��er�wd stnll include a �rd mortgagx loss piyable cl�►use in fivor of�nd ia focm accepable to Lender. Leader sh�ll dve the riaht to hold the palicies.ud Ibaower s�ll pmmpdy furnish to I.ender�Il naewal nodces aod all r�ceipts of pald premiums. At laat tbictY d�Ys prior to che explrulon due of a poiicy.Bormwer shall dellver to Lender a reaewaL policy ia focro suisfactory to x.eader• �uring the�;ourse of�ny coasu�ction or restoradon of the im�mvements tbe followiag coverafes shap also _ be roquiced: compreLeasive public Wb[lity iasunnce in tve�mounc af Thra MtllionDolUr�(53.000,000.00)on an "occurn�e btsis' a��t�st cWms for personil injury includinB. witLout limitatjon.bodily injury, dath. or P�nY d�1te occusinB on�tn.or about the Pn�eaey and the�joinin8 streets.s�dewitks.�nd pa�sss�ewaYs�sucb insur�nce to afford immediate minimum protxdon to a limit sirisfictory W Lender wIth nspect to pecson�l injury or d�th to�ny orc or more persons or damage co Pmperty:worker's coa�peasadon ias�uance(including emplayer's lixbility iasurmce.if nquested by Lemer)for all employees of Bocrower�ngaged on or with respocc to the Property ia such x�wunt as is s�tisfactory to Lender.or.if such amounts an esqblished by law.in such amoums:builder's completed v�lue dsk iasurance ag�inst'a11 risks of physIcal loss,'i�luding collipse and tr�sit covenge,during construcdou cf li�es,and mxrxurialsfurnished;and sn h other coverages dnt I.e der�may�reawnably eqrmed And equipment,supp In tt�e event of any loss rnvered by aay insmrance policles.Bomower shall gtve immedieu written nodco to the insur�nce cuder and to Leoder. Subject ta obligadons of Borrower to OfficeMax,lnc. uuder the lease of the gmperty� Borrov�er henby suthoriu�s and empowers Lender (at Leader's opdon) as attorney-io-fict for ' Bon+nwer to m�ice proof of loss.to adjust wd compromise�ny ctaim w�der�nsurance policits,to�ppear in u�d �-e-' '--_sf�...�...1.�....i...Snc��rsMw nrMl�l�t. lfld�0(�lQ11C� prosecute my acdon arising ttom suc�intiv�an�c pou�«.,,tv Lw�w�.,...............�.�.�_r'------ thereftom Leader's expeases incucred in tt►e cullection of such proceals;provided,howcver.tbat mthtng canqi�d in th[s paragraph sh�11 n9uire Le�er ro ivcur any expense or take any xdon hereunder. All insurance pcoceeds - �hal�be p�(d by the Insurance compwy to Leader to be held and disbursed in xcordance with this Par�Bra�h S- � Borrower furtBer sutl�orizes 1.encler.at Lendtr's opdon.subject to ohligidons of Borcowcr�o OfficeMu.Inc.under � -�- � _ t - _ ---------- -