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<br /> 4. C�IAYttiES=I.IENffi. Borrotiver ohnllpay dl toaes�msessrtteat�.pre9nlums�aad Other lmposidaus ' �:.,;
<br /> attdbutnble to tho Pcoperty at Le�adat'8 op4ioa in ehe m�uner provided nndor pan►grcph 2 heroof or,if not psid In sucA �';��:�
<br /> ' mwner.by Horrower makle�g payment�when dam�dir+c�ly to tho oppropriate payee thereof�or in sucb other manner ,,s5'4',_
<br /> � ea Lender may designnte in wrItiAg. Borrowcr agoll promptly furaish w Lender all notices of anounts due under t6is "`-
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<br /> . . paragmptt aad.intl:aeveat Botmwor sl�all u�eka paymentd'arectly�Ibrrowcr siwlt proraptty fumish to Lenderreceipta "
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<br /> � , evldcaaing each paymente. Borrower ahall promptly dischuae any tien which has�or may hnva. priorlty over or
<br /> ' oqt�ality w1W,tha Usn of�dis Inatiument.and BoarowesahaJl puy,when due�the cloiws of oll parsons supplying labor �`==-
<br /> ..':;�;-;,�'` ot m�ter[sde to or in eormectiou with thc Praperty. Wit6out Lender's prior wrltten ooassnt.whicb may ba withheld m=•„
<br /> �.n• in I.eader's solo and absoluta discnstion(unlcss epeaifically provided w tho ooatruy in this Instruiasnt). Bosrower �;:,
<br /> • wW not pesmit or allow any Uea lafesior w this Instea�meiat w be perfect¢d agai�xt the Proparty. �r;,,,;
<br /> „ , � S. HAZARDII�TSURAI�CE.Bmmowesehallkeepthaimpraveaor.ntaaoweaistlnBorlharraftererected �_
<br /> , � oa ths Prope:ty icsured by cunieis at alt tlmeo sadsfuctory w Leader ugaiast loss by fua.hc�ards iacluded wltWn t�e
<br /> :. � term•extended coveraga'� reat losa for not less than oaa youv's gross incorae from Wo Peoperiy.aad auoh other __
<br /> � • • h�uuds�casuNdes, IiabGitaes and contiagenclea ea I.,ender shaU require, iacluding. amoag other thinge, flood,
<br /> �.: e�cthqwike�tornado or eimilar environmental damage�and ia auch amounts und for such perlods ae Lendet sh9U
<br /> � require.but in any evesit not lass ihsin an amouat which wiU comply witL aay coinswance clsuse wtd cot lesa ths�n _--
<br /> � " the gm.ater of (i)the principa� btilance of the Note,or (u) 10093 of the actual cx�le ceplacaruent valuo of tha _
<br /> � .. ,.;�,...,�� improvemeata(botb fu�t�uues u►d PessonaltY). All premiums on lnsw�ance pollcles sh�U ba paId,at Lender's optioa. �.�
<br /> es
<br /> In the mnnaer provndul under parngrnph 2 hereof,or by Bacrower��paymaat whea due dire�tly co the curi0r
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<br /> ' � if Leader haa�vnivod its escrow requirament,oz in auc6 otLer manaex as Il.eador muy desipnate ia writis�g. ��=""_.
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<br /> �}� ,� All lnsuraace policies and renewcila thereof shsII7 b� in a form acceptable to Lander and shali lnalude a �.:_:--.
<br /> sta1�mo�tgagee loss pnyable cluuse in favor of und in #or�n acceptable W I�eader. Lendet ahAll heve the dght w
<br /> ., hold the pol�ciea�a�d Boerower ahall prompdy fa�rnjeb toLender aU reuawal notice.4 and ull ceceipta of p�id premiums.
<br /> • , °'�. , At least thirty duys prlorw the eapimtlon date of a policy, Borrower ehalt deliver w Lendsr o renewal poliay in form
<br /> + . . satisfactory to I.ea�let. _
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<br />�.•�� .;;:���-,c,-, �3uriug ii�o�v1'.�ay�,a�t.-�;,ii�n�;r�siar•t�oa af iIIc f�s:��ess•�s�e�a!lo�:ag sQyn�.��w�1!also ,, -
<br /> bo rcqulred: compreheusiva publia llnbility insurance in the�oimt of uo lass tlwa T3ree Miilfon DoWus
<br /> � (53.000.000.00)(iaaluding caveraYe€or elovators aud ascdatoxa�if nny)o�a aa'occurreaca bar�s'�gainsi claiam for
<br />:;i ti�L , po�BOnai iqjury{oaludiag,wlthout limitatton,bodUy iqjury,deaW,or proparty d�ge ooawYir►g on,in,ortbout We
<br /> �x•:�.�:�x��:i . Aroperiy uW the adJoinla�streets� sldawalks, xnd ptssagaways� such iasuraaee W�fford immeditte minimum
<br />-;:�`.�:,;"�,_ pnot�actioa to w limit oaeief�,cWry w Landar wltb raspect to personal iq�ury or death to w�y oue or more pereaas or
<br />�'"�`��'}'`��� da�ms�e w property;wodcor's oompeasatlon insumuao(ancludiu�omployer'o liibitity instttance. if n�quested by
<br />-�.:z_ Ju•:._
<br /> �`"'-° I.eader)for�ll employaa of Boiro�ver wy�ai on or with cespect to the Froporiy in st�ch amount qe ie s4defictory
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<br />-.�,. --• w Leader.or. li such amonate uo estmblished by law,ia aicb amounta:M�ildar's completod vdue risk lnsur�ace
<br /> �°�.�=:-=°� ��aint!•�U riaicaof phyelcal loaa�'inaludia�coll�psn aad tr�wsit covcs��e.durin�oonstructloa of tho improvomomt��
<br />_=�Y''�v;".� in aon-relwrtiq�fo:m�wveiiag tho totW vdue�f workpesformed and equipmeat.supplies.oad ms�terWs ti�m{ehodi --
<br /> -"r`=�::z�.��.. �ad cu�b other oovem�a elut Leador m�►y requiro.
<br />�-�n�-+�=�� In this event of any loss oovmed by any insuseac�policies.Borrowar shall give ianmediate writtirs natice to
<br />—..�.'=�:-�+�°--� tha iaxutaQCS c�rnier aad to Lendar. Borrower hereby suthori�ea Qud empowe�Leader(at l.eador's opEaan)as
<br /> ==--__�,� attoraoy.in•fact for Boaowar to mt,Oce proof of loss. W edjust u�d compromise�ny olatm under lasunace poltcies� .
<br />-r--,+.R, to appear in aad prosecute any actlon ariaiag trom sucb inm�r�oe polictes�w colleot and raceiva insw�nce procomds�
<br /> =�;"��"�� '� �ad to deduct tDerefra�Laadrn's oxpenses iscunr.�lu tde collxtlon of guch procoedsc P�vlded.howev+er�th�t __..
<br /> _=�Q��+� aot6ing ooatataad in ebie puegroph shall requim L�der to incur a�y expease or Wce any acHon 6aeundsr. All
<br /> �: _""-�.,� iaaurance p�vcxoda shaUbe ptts!by the insuranceoomp�►y w L,eader w bel�eld and disbvraed ia�xordaucewith tliis
<br />��j�"�'�w pae�aph S. Bore+ewes tbrthcr authoriza�Leader�at I.ea�:�'M optton�(s)W hold tha balrace of such procoeds w be _ -
<br /> '�.:.'-;-�--_:�• a4ed w rdmbu�se floaowot for tho cvat of c�econsiiuction or rep�ir uf tho�operiy�or(6)if ihe pYOOC�eds�a
<br />—��=-.�'':'m� iusufficleat w tepair or reconstruct Ihe inoprovameata i�the manmer ��uir�ed in tho naxt suhp�aT88raPh. md if
<br /> --__:�"=�E��"�`i Bomow�is�m�ble or unwalllng W pessonally fund theaha�il�to nAPly tho balanoe of euch ptooeeds to thopsyaaatt
<br /> .��:PR;y�:. .
<br />-�.,,,.�,;,�.,-•::. � of tha eoms secueed by this Insenun�t,whether or not dn+�due�la the ordor of appHc�ttoa set forth in gusgnph 3
<br /> ;;�..; : -;:;� : �seof.or(c)If tdofaultexiste uador Wis Inswumnt oramy of tho Loan Dacumcnte.Lender sLaU bo enttBled to retein �
<br /> -�. the pr000eds aud apply tho sama in tha ordar as provide� a Paragraph 3.
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<br /> , . It�ho iasunaflo pnoa:eda am h�ld by I.eader to�+eimb�uscs Boztawer for tho cast of ravtorat�ua mad repatr of F'`_-
<br /> _- ... tho Pcoperty. the Prope�ty ehdl6e n�stnrc�d to tha equtvrdeat of Its original coadition or auch o3har condidon es .
<br /> ` �• Leader mry eppr�va in w�itLug. L�eader may,at Leadcr's opdon,condldon dirbvrsemeai of caid proc�eds on —
<br /> - •,�o '.. ' . .;° I�der's approval of such plons and sp�xiftcationa of an�cltitect saliafsstery to Leades�oonlnctor•s coat e�tim�te�, 2
<br />�_ t ercbiext'e ca�tificate.wiivao of ltoas�ewom at�temcats of�xhanics aad asattui�lmea aad such oshrs ov[dmco of
<br /> - „ � �• s oosts� psrooatage completion of onnatnut[on. applacadon of paymente. and c�dsfi�ctioti of lieas as Leader mnY _
<br /> �d''-'`-� �.sv n�tre_ tF du,:na�mece nroc�ede a,e nnalied w tku nnvmeat of tl�e suniv secuamd by thia lnstN�len�anY -
<br /> - _ --� "' -.--_--- -. _. ..
<br /> _ " . cuch appllcatlon of pnoceeds to priacipal rhell net extemd o�poatpono eRe due datsu of tEo montWy instsil�aaus �
<br />- , . � ' r�rQd w ia pu�gcap6a 1 ansi 2 horeof.but I.cadec s�41 redotesmiao the amounts of auch{nstailmeats. Iff tho P:__
<br /> - . _ Prnperty is sn9fl p�uauent to tho terms of this Instru�eat m�r if I.eader aoquire�tltle to elte Property.I.eader theraipon =•--
<br /> - �' , sPal(aloo be�em�d to heva�¢oquitod eaclu�vc7y aU oit�+z tight�dtlo am�b intet�est of Borrower in nn�to any insurance �_::
<br />- pollcles and uaeamod pre�iums Wereon end in and to�ny easucance pmueoda resulting from or which may ba payable ::;:
<br /> , , ;: , as a conacqueaoo of any damAge W the ProPerty Prlor t� such selo or ncquisitten. `�:�`
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