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<br />90-105354
<br />of the F1nft, in Imx%r's u mad foams♦:, credits aril debits to the Flurds
<br />and the purpose fear which sails debit to the ftft woes nede. The F1mft are hereby
<br />plefto W additional security far the 1 0 secured by this rnfaaeent.
<br />if tlhe waft of the Wends held by Landw at the time or the annual
<br />ae- ountirg thereof ehall emceed the amount demsed nsoessary by Irdw to wide
<br />foe' the peiypmnt cc tam,, assesseaernts, insurance pr aius and Other lrpos I.T.ICMI
<br />as they fall due, such shoosss shell be refs WW to Borrower follatiM wah audit,
<br />or at the option of iander how and applied in the succeeding year- If at any
<br />tie the amount of the Made held by Is der shall be loss then the anon nt domed
<br />neoessaty by Larder to PW taxies, asses■sasruks, insurance am prosimas and Other
<br />to saber tpp the deticfer-7 within ddzty drys "tor written inaac� from Lander to
<br />Her' mor raequw*bv pagment twome.
<br />UPM BW war's breach of any eoNerw* ar egresmer .1 a eorrasar in this
<br />! hhstruwr+t, Lw&rr my apply, in any anent and in any order w Lander shall
<br />! detertrirre, In �eir�ler•s sole discretion, any Mimi hsld by Larder at the time of
<br />app cat t (a) to pays taxes, amossomonts,, insuranos Wood us and Other
<br />l5apositir�s utich thorn are due, or (b) as a credit against any indd*sd- Hess
<br />secured by this Mng= ant. Upon payment in full of all own warr+d by this
<br />Instz%nw t, Laruier shall promptly ref od to Botmw any usrpplied Rnis held by
<br />Lader.
<br />J. Cr PJg00 . Unless applicable law requires otherwise, all
<br />died by Landow in the folluAng orderorderu�af priority: r (aa is> *A payable t shall
<br />Lander by B=YaAr under paragraph 2 hereof; (b) interest payable an the Notes
<br />(e) principal of the Nam; (d) interest payable an adva ea made purmunnt to
<br />hereof; (f) inhtwrMat (epeyabl principal
<br />n elahy Plnaare 11d{Iarnaes prcWidod that Ali 8
<br />an Future Ad wwm is - tstardirha�, to der' nosy apply payments rsosiv�d among the
<br />ou
<br />amnts of interest payable an the Pature Advances in such order as Lanier, in
<br />Lader's mole discretion, may determine, (g) principal of any More Advarbaes,
<br />provided that if than are Future Advarnoe is -,I --I euldir I# Imrd a' may apply
<br />payments received among the principal balances of the P1hbum Aftwices in such
<br />order as Tailor, in Lancler•s sals discretion, may detaminnei and (h) any other
<br />was secured by this Instn asrht in such order as Lender, at. Larder's option, way
<br />determine; provided, however, that larder may, at Lancer's option, apply any ucm
<br />payable paw=* to 8 hereof prior to interest on and principal of the
<br />such i Mote, but applicatim not otimmiss afffa* the order of priority of
<br />i application so='f'ad in this par:srapis.
<br />4. CWMWs L IB. Borrower shall pay all water and sewer rates, rents,
<br />taxies, , premiums, and Other Miposit is raa attributable to the Property
<br />at Larder's al kim in t2hs manner prwidsd under paragraph 2 harrof or, if not
<br />�ppapiddopIn such manner, by BotTower ranking payment, when due, directly to the
<br />I it priate=.=tmto � I cat so such other savor as ;tsar der may cheignate in furnish to
<br />leader all htsdtae sender t2histhis�pau: grAph and, in�le�t Borrower
<br />shall ma)ae psymrnt directly, l=r_nawar shall prospUy► furnish to VAWIer receipts
<br />evidsncirnq such payments. gorzoaar shall pzv ptly discdnargx any lion whiclh has,
<br />ma
<br />or y have, priority a r ar equality with, the lien of. this Instcus w*. ?anti
<br />BorT=W shush pay, when due, the claims of aril parson w>pplyirq labor or
<br />mete runs to or in connection with the Property.
<br />S. � aorresa r .hall 10 t>o !Mpg ti neee .oris&irin er
<br />het�+eafter erected cn than insured by carriers at all times satisfactory
<br />to Lander against law by fins, hazards included within the two "exctaded
<br />eesewge", rent lass and such other hazards, casualties, l iab it itios and
<br />eorntinua - Ifs as Larder shall require, including, among other things, flood,
<br />earthgraloe, ticenerio or similar enviraseshtal d =up, and irh such amm2 is and for
<br />such periods as Larder shall require. All premiums on insurance policies shall
<br />be paid by Bowser owdrq peyrmsnt, when due, directly to the carrier, or in suds
<br />other maw as Laenier may designate in writing ar as may be required by Laurier
<br />purwmnt to pmragragh 2 Aersof.
<br />All ins mince policies and ronswals thereof shall be in a fiche acmptable to
<br />Larder and shall include a standard mortgages loss playable clause in favor of and
<br />in form mooepptable to Larder. Larder shall have the right to hold ttre policies,
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