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<br /> � �:Y�. se��sirss.t� tis aNet�oi o! eal�la�is� s�its;, . .
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<br /> !�� o��e's s���7::i`s` calc�Istsd:b�ssd �pa� tbc-Fsescr.�r�atioa ._ -- . -- - -_
<br /> ` - '�alti� o! �ti� Fee�►cb •illa�e ApsrtsKnts assee� .tQ_b� Q.1t.D. .o! - -
<br /> � � 11,31i3OQ�. ZL� �o�aer's equit� fs tf�� preserratioA �slns o! _
<br /> � !rt pro3sat s�pna ttia balana� p�rab2e on tbs total ontstandiat
<br /> di�i� at i!/Si/!t xlifeL is =31i�*000. Tbes�l4r� tbe owa:r's.� .
<br /> �q�t;t� i�► tl�� l�s�ACH Vi31a�� Aparlseats i: f1,3T��000 s3Atis . _
<br /> lii�,00Q �aicl� eq���s li3Oi2,000. If tDp total iAdebteds�es� ot
<br /> !b� proiect is iucreased t6rou�b • loan in addition to tb�
<br /> � osisinal �ort�a�s note, !Le addit�on�l �adebtedness wfll bc .
<br /> satlscted in a rcdncs� owaer's squit� titure. •
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<br /> ---- .-���__����='sae���w .fs� �����,abis.a�strfb�ti�a�..or=ot1��e�-.?seassee: to -- .-
<br /> ---isass�s� #1s sate:��`�ttseai The owaer's di:tsfbu����`i�;`.�-�?,����;�
<br /> ` � " Incsstf�� Plaa '1����o�:.:f�.;'�alcnlats8 ss=;��It4�r;:.�. � ..:.;:�-•;�• -.,.
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<br /> �<=u'. ,. . •'5:..,�:^"•.�::_ j�. �p."�s
<br /> A. !lii retslatorr ��s � ,}�iE�I���`���tt.�f:;�:r�,�: the'�oii�t� ;;: ..
<br /> � s�!� ,. � ,..,.,,.. t:K er.yea� .`�' -
<br /> , eAtitled c�r ��-#��r;:;y�'.�. 1� '���i��:�,;SX P . :�,:F:���'` -
<br /> t0 !E �?0 <d�Y��#�a,��a, .c.:?��.��1.. y,r r ,>;.,•i::�,
<br /> ~ �-'' YC• It t�l '�'%•si'•:a;�;.
<br /> ._ - pn_th! eqnit ���+'_:���;;��,06�;.�����.��''��'�•��'il'�':,I�'�o . . �'� ' _.
<br /> 7 �,:.. . � ��� . . .•r��'��,�:�
<br /> � . owner's equi ty�F����+��ei'by a�•���"d:n����;;..��.�'�;��the :... � . .-�•;:,rr...
<br /> .,. f; ":ei .i#1 I',,��:.
<br /> . arf�ias� aortsa��.:�ko;���r�:�#ba redueed d�eh;"'�.:'�.���► �. .
<br /> -- be nsed to eaic�a���ie �ir"a�rner'.� �ntfti'etr�';;.�:�.�:�".''�`i���r�b�:��n.
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<br /> B. The oiener wi lI.'�rtl r entitled to 'racef ve�, �iii;�F;�"�'�.�;�;�,�,����• rY��s�on .
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<br /> � in eeNal, sesi-aaaual P�ents on d�iae�.�i!L�;'�. .,.,;��. ��`
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<br /> ��r� '��,.
<br /> o! eacH �ssar witb tbe lirst aistribut4.tr,'�;?:w3; � ¢�r::�;��4�s��� ,
<br /> � A�tfo� to be P#;ia oa Jnne 30th,. ;�983.�`''��[��r�e�b��,�,�usl . ;,::=r:.
<br /> _._ aistributions �:cut�ul_stiv.e sa��°;�t th�• �"'a�i4as`r:�c��Aat ;:�:�:�.,:,.
<br /> ' : a�if lable �or �r�;nt o! tbe ������butfo� o�:��c;��IIf stributio�::i;.:;::;�
<br /> aats, the owner�r�aa raceive ��;;t�istributfon sit" a later dste���;,�;.
<br /> � :. whea tuada are s�sfisble. Aece�i��n� cusulstf`ve dfstributi�ons
<br /> ���s►t a 2ster �dste ;$oe: not a!le��'_;the owner's ri�ht to tutuss
<br /> � entitled�d�s_#�rib�ittions. ���' ;,. '
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<br /> VI. ?5� owner reser�a�` tbe ri�bt to rt;�e3�►.e,��.�.nsur��'�v`L'�i(ij, eqtie�t�►
<br /> � , loaa eqnal to �OX o! the owner's eq�i�lt;f;��:,��:s��t;0�4 as;;�;�.::� �
<br /> pre�ionsly a�reed to by H.tJ.D. Tbi�� loi��f�;,�s xell :s th�";ir��ic��nsl�
<br /> aort�ue note, esa subsequetttly ba.;transier"s`'ed to a ne� #y;i�::�;,�,;;;<<:::>:�:,-.,
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<br /> � approved oRner. The owner is suthQrized to use the pr"o3cot�,'�:�:•:;;�;:.�:+s;:;;;�;:`
<br /> op�rstint tunds to pay the montht8 P=3'=eats on s 3osn sn ad�s,�;�,��%:;.,•�
<br /> � � to the ori�inal aort�a�e uot,e. ��� "
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<br /> � Included.in tbis �eris�d ��a#1',rp�� Ac�ion is the calculati4�od;�tm,t� t6e
<br /> Owa�s•s pr�sar�atfi�aa Equ�t7 as '�eed to b� H.11.D. ana a t`�bi�: ,:��;.
<br /> Fla� stateaent fnc�sporati� tbe;��er�s ot tLis ��ic+eed to,;��ae�`s!�,��;:::;.
<br /> Aetion at�d tDs re�ised HoderAisation and�:��a�;$�� t���io�:�h;c:±ii���ur1;+r,;<; _
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