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<br /> _-� i.z�►!s silo �w. : x�aos _ __
<br /> • �95�- i4�Q
<br /> ___._..�,�,�,.,�
<br />—.. __ � aay psrE �4��rso! �••grov������f• �ta�ll be �i�fa Q��:a�S.g�tr� � _-
<br /> L�ad�r, a� los• pay��, bp th� insuran�s a�rti�r. ]►t any
<br /> titc� that aa �v�nt A! D�laui! �si�te b�rew�d�r, or ir, tr
<br /> t�� s�avlt o! aay aa�ual4p, th� teaant uad�s th� er�it
<br /> L�as� ha� th� rigAt, aaB do�� not naiv� ths riqh�, ta
<br /> - - - -�- --� Cc�a���c t�bc �c�i� ��aao, Lomdas �ak" npID�.� eese�
<br /> proa��� �o th� papaent af th� =aa�bt�da�rs a� psavid� . �
<br /> _�� � in S�o!l.on 7 0� b�asot. �rovi��4 aa finat o! D�g+auit
<br /> �sia�s h�s�uad�r, snn tD� Cr�611C L�a�� it noti snb�aoti to
<br /> tuenin+�tioa, L�nd�= sIIaii aat� suoh proa��ds avsilab�� to
<br /> - ---- Bo�croM�r �or th� r�ato�atioa, r�pair or r�piacs��nt ot
<br /> -�— -----� tha xortqags0 grop�r�y as providsd belo�r. --
<br /> �b) =a bD� �v�nt o! dauq� or d�struatioa to th�
<br /> --- Kortgaq�d Brop�rtp or aay portion th�r�oi, �h�th�r
<br /> --- insur�d ox uainsur�, eorrow�r sIIa11 giv� prasp� Mritten
<br /> notio� th�r�o! !o L�nd�r, and Hossar�r shali proaptig
<br /> ao�t�ac� snd dilig�ntiy aontia�a� to r�psir, res�or� and
<br /> _ _- rebuiid tII� portian a! th� Mortqag�� �rop�rty ao d�ir�g�8 �
<br /> �-"-'-'�`-" or d�atroyed �b�reinalt�r r�t�rsad td as tD� •'lfosk") itt
<br />:�:,�„��� fuil aoaBiianve Ml,th aii Legal 8aquir��nts so t�at th� �-__
<br />_ ---- Mortgaqad Prop�rty ahail, ta th� e�enti poseibi�, be at
<br /> ,;;��. �-� leaa! eguai ia value aad quality and qsnerai utilitp aa
<br /> `-'��±�� it Was psios to the da�aqe or d�otruat3on. _! th� ltork
<br />.-=�-°=.`�°=i - to b� psrlorted ia atruaturai or if the aost o! tib� 1�or1e
<br /> .�Y�''�':��. as edtisated bp Lender ahaii ssaee� ths aus o! $�O,000
<br /> r,��':?i;�,, r.�: �her�inattar relerred to sa "Major worki any other worY
<br />�`��=a+..,f.:_ t� u
<br />� ;z..,-:., „�. �' being rslersed to herein as l�iinor lfosk ), then Borror��r
<br />- :�. -r,Y�i� �, ahaii, prior to the ao�enceient o! the Work, �uraisb or --�
<br /> `� °��, �r�+:`-� oause to ba furnisi�ed to Lenders i3j ooa�3a�e gZauzs � �
<br />- �� , .��`�,; speailioations tor the Work �approved bp all qovsr�u�tal
<br /> : ;F, . . authoritiea Nhose app�ovai is requirad), gor Lend�r�e
<br /> , �. .. .{,; ;; a pprovai, wbich piams aad spaailivatioa$ ghaii beur tho
<br /> �'��: : ., ��, s igae d approva i o t an a rohiteat satistaato r y to Leadss _
<br />;;;t;�,Y'. +: � 4 thereianitar relerrea to sa tbe "Arohiteati��) aad sZtall be
<br /> ,;.,�,�.� . . �, aeao�paaleQ bp the Arahitect•s signed e�ati�a�e, beariaq
<br /> '�•,••:,� tiho Arahit�evt�s sea1, o! ths entire �oat o! aoapletiaq
<br /> �a �`-•. �k � the Major Workp aad (2) aertilied or photostatic aopiea
<br /> �"�' ' ` o! all germits an8 approvals requirad bp �aN ia -_-
<br /> ' {� aoaneatioa �itII the ao�meacemeat aall aanduat o� the Work. °
<br /> ,. �y�.� F�`
<br /> � .
<br />, . . . n:5.e�.. f_—.
<br />•r.-;. .. .. ta) Horroaer sY�all not oommence aap Maj�r Work [.-' _
<br /> .::�•:..��:.,._� - ` -+ uatii Borrower shall havo cospiied �vith the appliaabie �._.=•-
<br /> �'�'�°: �•° reguiremeats aee�ferred to in 8ubs�ation tb) abova, and •sc,
<br /> � a�ter co�amenoinq the Work, Sorrover ahail per��r� the ��_:
<br /> ��� Work diliqentip ia a goo� aad �orkmaaliAce manaer, 3n good �`J'
<br /> -�� faith, eubet�ntially in aaaor8auae vi�h the plans sad -.
<br /> ^� speaitiaations rof�rred to 3.n 8ubseation (b) (i) above, i!
<br /> applicable, an8 in oompif.anae �t3th aii Legai
<br />��A,..:� . ReQuiremeats. „
<br /> � (Q) Eaah aasualty iasuraaae poliap shall provide ;��.
<br /> � that the Proaeed� thereo! shali be paid in aaaordanao �`�'��
<br /> � with the provis�.ons bereo�, and tbat ao insuranae alaim
<br /> � . �- � �' rnap be ad juated or settled withaut the consent o! Lender.
<br /> ° 8orroWer promptip shall dolives to Lender anp Prooeeds
<br /> whiah are paid to Horro��r by the aasualtp iasuraace
<br /> �� � aarrier. =n ail imstasces in a�b�oh aii or s portion o!
<br /> � anp Prooeeds ere made available to Horsoxer !or '.
<br /> restoration o! the Mortgaqed Propertp, such Prcaeeds, ��''`
<br /> � ;, less tIIe cost, i� any, to Lender of reaoveriaq and payiaq
<br /> - � � out suah 8ro�eeds tinoludia►q reasoasbie attorneys� feea
<br /> " aad costs ailoaabie to inspeatinq the Work and revioWia�q ;,,.
<br /> ---: t�e piane aaa apeoirioations tneresor paia xo caisd - -
<br /> �. ° garties) , upoa the w�itton request of 8orrawer, wiii b�
<br /> „ �� " . applied bp Leader to the papmeat ot the aost of the WArk
<br /> � . and shali be paid out lrom time to time to HorroWer
<br /> and/or, at L�nder�s opL3on e�er�igable �rom time to time, ,
<br /> ° direotly to the coatractor, subaontraatore, materialatea,
<br /> , laborers, enqineera, arvhiteota and other persons
<br /> , � renderinq serviaes or �aterfals in conneation arith the
<br /> - ., . Work� as �he Work proqre$see, exaept a� otherai�se
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