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201508167
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Last modified
7/21/2017 2:04:45 PM
Creation date
12/2/2015 8:59:22 AM
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DEEDS
Inst Number
201508167
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2� 15�81 �7 <br /> �d� Zntent�ona�ly�mitt�d; <br /> �e� comply with all r�quirements of�aw,muni��pal ordinances and res�rict�ons of record <br /> vvith respect to the Mor�gaged Property and the use and deve�aprn.�nt thereof, including vv�thout <br /> limitatxon, thos�relating to building, zoning, environmentat pratectian, health, fire and safet�; <br /> �f� make no material (i.e. havxng, in an� single occurrence, a value in e�cess of twa <br /> hundred thousand an� no110� d�llars �$2��,���.��� structural or non-structural alteratxons t� the <br /> Mor�gaged Property�r any buildings or other impravem�nts novv or hereafter construct�d thereon, <br /> vv�th�ut the pr�ar written cansent of Lender, such c�nsent �.ot to be unreasonab�y vvithheld <br /> ��xcluding any alterations to l�� made by any of the t�nants of the Mortgaged Property as <br /> contem��ated xn the Leases,to the extent the same has been appr�ved by Lender as requ�red pursuant <br /> to this A�reement, the Loan Agreement or an��f the ather Loan I]ocum�nts�; <br /> �g� suffer or permit a change �n the genera� nature �f th� o�cupancy�f the Mortgaged <br /> Proper��, vvithaut the pri�r written reas�nab�e c�nsent of Lender; <br /> �h� initiate ar acquiesce in n�zonxng reclassification�vvithout the prior writter�r�asanable <br /> c ansent o f Lender; and <br /> (i� pay andl�r du�y perform�as a�p�icable�each of the Secured�bligati�ns as and vvhen <br /> the same sha�l became due. <br /> 3. Pa_ ent of Taxes_.,and Assessm�nts. Trustor sha�1 pay or cause to be paid v�hen due and <br /> befor� ar�y penalty attaches, a�� general and specia�taxes, assessm�nts, water charges, sewer charges, and <br /> other fees,taxes,charges and assessments of every kind and nature vvhatsoever�evi�d or assesse�agarnst the <br /> Mortgaged Property,or ar�y part ther�of,or any int�rest therezn,or any xncome�r revenue th�refrorn,or any <br /> �b�xgation�r instrument secured hereby,and a1�installments ther�af(c��lectively,the"Taxes"�,on ar befor� <br /> the date such Taxes are due; and Trustor shall discharge any cla�m or �ien relatir�g ta Taxes up�n the <br /> Prem.�ses. Trust�r sha�l promptly provide Lender with copies �f pa�d receipts f�r Taxes, �f requeste�i by <br /> L�nd�r. <br /> 4. Ta�and Insurance Deposits. F�l�ovri�ing an Event of Defau�t Which is c�ntinuing,�f r�quested <br /> by L�nd�r in writing, Trustor covenants and agrees to deposit vvith Le�.der, commencing ten ���� days <br /> f�llow�ng such written request and on the first day of each manth thereafter until the 5ecured�b�i gati��7s <br /> have been fu�ly paidlperformed (as applicable�, a sum equal t� (a} one-tWe�fth�1112th� �f the annua� taxes <br /> and assessments�general and special��n the Mortgaged Property,as reas�nab�y deterrnined by Lend�r,and <br /> (b} one-twe�fth (�11�th� of th� annual premiums payable for the �nsurance required to he maintained in <br /> accordance vv�th S�ction � here�f. Ir� add�tian ta the foregoing, f�llavving an Event of Defau�t vvhi c�� �s <br /> contrnu�ng, if request�d by Lender,Trustar shall depos�t v�ith Lend�r an amount�f mone�,Wh��h together <br /> �vith the aggregate of the manth�y deposits to be mad�pursuant to subsection�a}above as of one mon�h prior <br /> to the date an wh�ch the tota� annual taxes ar�d assessments for the current ca��ndar year becon�e due, s��a�1 <br /> be sufficient ta pa�in full the total annual taxes and ass�ssments estimated by Lender to become due aa�d <br /> payab�e with resp�ct t�the Mortgaged Pr�pert�for the�urr�n.t calendar year,and an amount of mone�,whe�� <br /> 6 <br /> �3�711�)7�������"r�1 0��1 <br />
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