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'.\nt�a.i.+�L4�f� y�—' '_ . <br /> � •�54�-t�.��i:i��1,.! ,� 1. > t — — <br />.,.:.d' .__..��. . <br /> { � <br /> 9�-lC�'75�9 <br /> tbe leue of the properry t�)m twld the bal�mce of snch pracecds to be uscd to celmburse Bortower for tlx cost of <br /> recaa4uacdoa ar repair of the Property. or (b) if the praceeds �re insuHicitnt ta r.pair or reconsuuct the <br /> improvements in the m�nner requircd in tGc aeat subpxragr�p�,�nd if Borrower fs wnble or umwllling co perso�u�ly <br /> Paad tbe shonfill,to�pply thG bdu�ce of sucL grocadg ro the�Ym�nt of the suu►9 secured by this Irauumeu�. <br /> whether or not tl�ea due. la cbe order of applicadon set fonh in pan�raph 3 hereof,or (c)if a default exists under <br /> this I�uuumeat ur�ny of the La�a Documents.Leader stWl be entitted ro ntain the pmceeds uW�PPIy tde s�aae <br /> in the order as pmvlded ia Pararreph 3, � <br /> Subjcct to Hocrower's obU�ado�ta Of�'iceM�, Inc. wider tbe lease of�he Properry, if ti�e i�ur�nce <br /> proceeds ouc held by Lender to relmbu:se Horrowsr for the cost of re.rtaradan aad repa�r of the Pcoperty,the <br /> Propeny sh�ll be restored to tho cguivalont of ics odgical condidan or such other condition�.s Lender maY�PProve <br /> fa vrrian�. Lender mty.at Lender's ap�oa,caadidon disbursea�ent of sitd pracceds on LendePs approv�l of such <br /> pl�s�nd s�eclficadons of wa snchitect sadsfACtary to 1.eader, conuacror's cost estiwzces. atchitect's ce[dficue. <br /> waivers af lien9. swom stttements of inechAnics and miterLtmen ud svch other evideoce oi cous�lxcrent�� <br /> compk�on of coasaucdo4�Pplicadon of p�yments.md satisfacdon uf liens ts Le�ler may ressocnblY roquire• <br /> If ti�in�uance groceeds are a�+��lled ta the paymene of the sums sxured by tbis Iaurument.my svch appHcuion <br /> of pmcecds to princip�l s1vtU not extend or }astpone the due dates of the tnonthly psyments refttral to in <br /> pata�aphs 1 and 2 baeof,but Lender sh�ll redetermine the imounts of sucL paYmetxs• If the Pcoperty is sold <br /> pursv�nt to t6e tcmu�of this Iautumeat or If Lender�cqulres dtle to tLe Ptnperty.Lendet tbereupoe sh�U also be <br /> deemed to tu�ve acquired exclustvely aU of the rigLt,dde�ad Intcrest of Bu:rower tn a�to any i�r�nce policies <br /> and uaauaed pnemiuu�s tbenon�nd in and ta�uny ir�urwce procxds r�sulunB&om or wluch may be payable u <br /> a coauquence of sny dumge to t1�e Propeny prlar ta suc6 s�le or�cquisidon. <br /> 6. PRFSERVA�ION ANA MAINTENANCB OF PROPERTY. Bormaer(s) s�ll not coma�it <br /> wa5te ar permit anY phYsical detedaration af zhe Prop�rcy:(b)s1�11 not aWad°m t�e�Y;tC?�nU reston or <br /> repair Pmmpdy and in a good and workmaalilcc m�aner all or�ay put of tL:Pc�pettY to t6e �9uivtletu of its <br /> odglml caadidon,or such other oondition�s Leader roiy approve in writing.in tbe e'ti'ent of wy damtSc. injurY <br /> or loss thereto. w6ether or not in4unmce proce�ls sre avaiLble to cover ia whok�7 ia put tbe cosis of such <br /> nuonuion or rep�ir; (d) sh�ll keep tLe Pro',pertY. includtng iroprovements, fixnuea. �qu�Pment.mschinery wd <br /> appWmces thecein.in good repair and sliall nrplxe�dires. WuiPment,aou�tt�inery urd aPPli�nces on the PropertY <br /> when neccssuy to iucp sucit iva� in gooci �cpiuf;t�) ��:;�'�s3t sl!la�:s, �r��n'—_�re.c; rca�ilation9 and <br /> re�ulremerns of any govemmex�t�l tn�dy applicable co the PrupertY:(�sha11 m�naB�che�Y in a pmfessio� <br /> manner. �nd if Borrowcr decides to engtge a third party Propet►Y mwaQsr. w do so with�PropenY a�� <br /> suiRfaccory to L.ender pucsvuu w�conuact approved by Lender in wridag:(B)sl�adl S�nenitY o�erue�nd maiatsiu <br /> the Property in a nnnner to no�ucimize xentals nnd income; acd @)slwl Bjve notice in wridn�to Lender of tnd� <br /> uWess othecwIse directed in wridng by Lxader�appeu in and defend�ny acaon oc pr�ocoedin8 P�Po�ta�t <br /> tbc pmgecty�the secutlty of thls lasuument or tLe rIghts or powets of Lendet. Neither Borrower nor aay tenaiu <br /> or other person slu�U amove. demolish or�lur aay impmvement now wdsdng or hereafta erated on d�e Pm��Y <br /> ot iwy fixture,aqu�Pmen��mac�ine15+or�ppliance in or on tbe PropenY eacept wben iacident to tLe c'epl�cemeut <br /> of flxuues.eAulPmsnt•m�chinery+�nd�PPlimces wlt6 iteins of lll�e ldnd. <br /> 7. USB OF PR.OPEItTY. UWess roquimt bY applicable law ar unless Lender b�s otheivvise a�eed <br /> lA wrlting.Boaower s1W1 not aUow ctu�nges in tLe use far which all or any p�rt of the Pt�operty was intended at <br /> the dme this Inucument w�s eaxuted. Bocrower sd�ll aot lnitiue or scquiesce in a c,h�nge in the xonin8 <br /> classificuionof ti�e Propeity widwut Lender's prior written coasent. Borrowa shaU not vtol�te n°r s1W1 Borrowrec <br /> permit or tut6orlxe the bnakh or vtoluton of t6e terms of any rs�eme�s.covan�nts�Qr tesaiCdoesaf rocord upou <br /> or affecdng tLe Pcoperty. Bosmwer wW aot conduct.Permlt. or autlariu trie geeeradon.storage.ueatmeat•a <br /> disposal of any friable atib�st�s,haurdous w+ste. or to�Ic substance on or ia a locarioa th�t will�dversely nff'oct <br /> the PmpertY am stsaU�romptlY AcovIde Le�er written votia of(a) its otNainin8lmowled�e of aay nlase of any <br /> hi7�[d0{1S Oi t��'iC T�itEI111 O!O�l at O!fPDm t11C P[OQC[ty 0!i�Y OthCI S�tC O�MO�• �C�DiOd, or opersued by <br /> Hotrower or by any person for whose conduct Borrower is nspons�'�le or whoss llability m►p tesult In a l�en on <br /> the P�+nperty: (b)Borrower's raeipt of u►y noticc to�:h oPFcet from any foder�l. sate. or ot6er government�l <br /> aut6ority;u�d(c)loss by such goverumental�uthoricy in connecdoa with the�ssessment,conqdnment,or remaval <br /> of any h�rdau or to�cic mauriil or oil for whllch expense or loss Bocrower may be liible or for which eapense <br /> a lten may br imposed on the Peoperty. "Boaower,"as thae term is used herein��ncludes Borrower's succx.csors. <br /> �ssigas.agents.servmts.ea�loyees.and membecs. <br /> 8. PAOT�+f."I'rON OF LENDER'S SECURiTY. If Borrower fails to perform che covenants and <br /> _ �groements cr,ra�ined in d►is Instcument�or if any�cdon or proceeding is commenced which affects tl�e Property <br /> or tide therrta or thc interest�f Lender therein.inciuding,but not limited to.emtuenc domain.in9olYCncy.b�ilding <br /> code enforcement. or arrangements or procadings involving a banOcruptey or decedant,tben I.eoder.at Lender's <br /> irpdon.may mike such appearances.d�sbursz such sums wd toice sucL ution as Le�ler deemg necessiry.In its sole <br /> , discretion,to protect I.ender's interest,including.but nat limiud to.(a)disbursement of attorueys'fees. (b)cncry <br /> -- upon th�Froperty to cualca rep�irs or otherwlse to protect the sawe as securitY for tLr indebtedness secun�si by this <br /> Iastcumerot.and(c)procunment of satisfactory iasurauce ag prnvided in ami�i�ua�. <br /> Any amounts disbursed by Leuder pursuwt to tt�is pu�gr�ph sha1� 1+ecome addtdon�l i�ebtnioess of <br /> _� Bartower secured by tbis Iastn�ment. Unless Borrower wd Lender agcee to other termg of�ymeat.such amounts <br /> -- s1n11 lx immedi�tely due and payable and sball txu interest from the date of disbiuse►uent st thee def�ult nte as <br />"J -4- <br />���.3 <br /> .�� <br /> �� <br />._� _ -- ------ -------- <br />