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. . ns�. ,. , ..�.�� ��Ulit�THr �f 4�SJ i��i�+ . -�l� j��• . '• ���,�j����"� _ _ �.
<br /> ��i ��tA'v,` �.T `"�, � " ._ . __ .. .._
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<br />'.�1, . .'.+.�y- ---- - - —
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<br /> 6.�o�s ri,a� lto. s�a�s � __-
<br /> _ �__ . �s--sa��
<br /> -----___ �hs �en��a�: unaer th� Cr��it L�es• alha�.i �e�v� nn . -
<br /> -- rigbt to C�x•ainsi�� �ho cr�dit L�aao. � ,
<br /> upaA oospi�tion o! th� ltork anQ ps��nt �a lu11 th�rs=or,
<br /> or, ati Lsad�r�e option, upon �silur� •oa th� parti o!
<br /> ____ ____ , Horrow�r pro��ptly to aorra��no� or dilig�nti].p to acsitiau�
<br /> th� work as provided !a SaDsscti.aa (�)• �+��Bwr r.�Y 4y��2y . ,_
<br /> � ths wnova� o� any �+saeoads th�n or �h�ue�alt�r h�id by
<br /> ---� Y.�nd�r to the papa�nE o! t�� in8rb��dasss; provi.d�d,
<br /> �ax�v�r, that nothiaq ri�r�ia aoatainsd shai�. pr�v�at
<br /> L�nd�r lro�a applyinq at aay ti=s the Mhoi� or aap part a�
<br /> snah eroa�ade to ths cUriaq of ewy Lvent o� D��auit uadeur
<br /> _ -- � _ thia Kortqag� or aay otIIer Loaa nocunesit.. . ---
<br /> �e) 2! w9�thia �ene hundrad trenty t1�0) daya �or
<br /> suah lonq�r p�riad o! up to a tatai periad o! oa►a bivattred
<br /> eiqhtp �i8o� dspa sa �eap be appraved bp �eader ia Nr�.�fag
<br /> _ ugoa tha Writte�a reque�t� a� sorroM�r �nn8 aubaias�.n�a by
<br /> � HorraHea �o boader of. ev3danae tfiat (i) eorroMrr ie
<br /> - d�liqentip prossautinq ai� suoh at�tion ae au�p b� re�uir�d
<br /> Io� �hia proqieioa and tii�) aatMitbstanding euch
<br /> _ -=-� �ontinuauta diligont e!lorte bp Bda�ohe�, Sea��K�s eatnao� r--
<br /> - ao�ply witb this provision Mithin la0 days) alt�r the
<br /> ---; oaaurrenc� o! aay aaiage ox destruetion to the Mortqaqad
<br /> ;; i+ropsrtp os any portioa thsrao� reguiring Maior worlc in
<br /> =-_- =-� order to rastore the Mortqaqad Prop�rtiY• HorroWes ahali _
<br /> .=��*"-��;,� not have subaittsd to Len�er, for Leader�s approvai, �he __.
<br />-- �•=-r��W: pbans and epoaitfostions �or suoh 1►ork �appravs8 by the
<br /> _-�-`°�'�x. i4rahi�eat anQ by aii c3ove�cnsental Authorities and 1�e�ants
<br />:-::�;a�-�s:� �r�oea approvai is required�• �r i�• a�teY suaL plaao aad •-•-
<br />���:�i�°��? apeaitiaatios►s ase approved by a11 e��aob t3overmnst�tsi
<br />'=���"-� �c: Au�horitiss, teaante and Lender, Borroo�er ehail laii
<br />`�;==��' ron ti to ao�nanae suoh Work� oz i! therealter 8orroM�
<br /> ::�,,.i�i�,;.;� ,�� D P Y
<br /> .�� � faila diligentiy to continue the �ork or i$ dalinQuent i�►
<br />-�-�g��:"' the pnp�teat to �neohnaios, materi.a3.aea or othera ot ths
<br /> =�:=%�:i�. �� aoste inaurr�d in aonneatioa a��tb the Wo�k, or ia the =
<br /> u�:���,���'��'� aase o! aay Miaor Work, it BorroWer sh�aii �sii proaptiy
<br />_;=�i�'���`;', to repair, restore and rebuiid the Mortgaqod Propertp sso _
<br /> :��`�����r`-°T• ' dama ed or deatro ed, or ia nap other matesiai reapeat �._
<br /> �.. ,, ,,�a�;•��.• .: 4
<br /> �:,:'���'a���"r,'.;, laii$ to aompl� N th fts obliqatioas uudar tbis eeatioa �.-�--
<br /> `�'�`�:�."z.:�,,°� 8.i then, upoa notiae to HorroNer, Lender may deaiare an �~�r-
<br />=�T!�°�`�'��' Eveat of Detault hereuader aad, fn additioa to ail other ���•-
<br /> =-:;:sr�'�`` riqhto availabls to Lender as pravidad hereia, Lender, or r�" -
<br />"";:�il.,.. �..4Yry..
<br /> [�T.
<br /> ��'�`"�'�3� any lawfully appoiated reaeiver of the Mortgagsd �_..
<br /> � 'X7'y propertp, mmy at their respeative optioas, perfors or �Prut.
<br /> � aause to be performed eual� Work= provided, ho�ever, that
<br />- '���� Leader shaii be paxmitted to give euah sho�ter notice . _
<br /> � �� �' �s�' tand ia suoh �nner) as ia reasonabiy practiaal ia aaee �
<br /> = o! emerqeaay, to grevent a detauit u�nder the Credit xease
<br /> .:��.a;._.�:��_��: or other sgeoial airaumstaaaes. BoYro�ter hereby waives,
<br /> - � � �., .-t .� !or Borroaer ana ali others holding undes 8orr4Wer, aay .
<br /> 1K��`� � 'r alaim aqaiast Lea�er aad suab reaeiver axi.sing out of
<br /> •��..,,,,.., :,c�
<br /> � . .."�;:� aaytbiag doae bp Lend�r or suoh reoeiner pureuant hereto
<br /> � . �.:�?
<br /> .`����ti �� (other than as a re$uit of Lender'e ar suoh reaeivea�s
<br /> -.: �� gross neqligena� or wiiifvi misaonduat), and Leader may
<br />. ;���:°� a�gpip ali or a portioa o! tbe Psoa�ed�3 to reimburse
<br />` ���� „ � Len�er, and/or saxah reaeiees, fer aii am4uats exp�nded or
<br /> : ,�, inaurred by them, respeotiveip, �a aonneation �rith the
<br /> �;,".a��.��•. � �ertormauce o! the Work, aud anp exaes$ aos�s ahail be
<br /> �,���`�r,;t;,;s;�� paid bg Borroper to Lender ugon deatand.
<br /> , �.. :s: i7. The toilowiag is� adde8 as Seation 4.i7 0! the Mcrtqages
<br /> .�,;:�:"-�
<br /> � Aantien a.i7. Hantrunta9 RtlsO��@• The Horrower
<br /> „ �• • represente, warrants, aovenants aad agrees thats
<br />_ . :,. , .
<br /> •� � � ��� , (a) Tha �orsoKer�s aapitsi is adequate tar its business ,
<br />- � an� undertakinqaf the Borrcaer maia�a3ns correot
<br /> - gnd coa�plete Dooks and reaorda o� acaouat in
<br />-. �� acooz�aaae with generailp acaepted aaaount3ng
<br /> _ � , griaaipies consisteatly eppifed and suah books aa�
<br /> _ . �. reaords are separato lrom tihvse of aii other ( ••
<br /> '`;��v ,L� �,s: -7- �.
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