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200801731
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Last modified
3/3/2008 3:52:15 PM
Creation date
3/3/2008 3:52:13 PM
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DEEDS
Inst Number
200801731
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<br />200801731 <br /> <br />(a) Failure to complete the Rehabilitation. The Rehabilitation is not <br />completed in accordance with the Plans and Specifications on or before <br />the date that is 12 months after the date ofthe Note. <br /> <br />The Rehabilitation is not carried on with reasonable diligence or there is <br />a substantial suspension in the rehabilitation or equipping of the <br />Mortgaged Premises for a period in excess of twenty (20) consecutive <br />business days, unless caused by strike, insured casualty, Act of God or <br />other cause beyond the reasonable cause of Borrower, in which event <br />such suspension shall not exceed forty-five (45) days. <br /> <br />(b) Filing of other liens. A lien for the performance of work or the supply <br />of materials is filed against the Mortgage Premises and remains <br />unsatisfied or unbonded for a period often (10) days after the date of the <br />filing. <br /> <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants <br />contained in this Rehabilitation Loan Rider. <br /> <br />lLf/\/ ~~ / <br /> <br />S'HA WN L SHERMAN, Borrower <br /> <br />C:) y~ <br />./ <br /> <br />~jd1/L /!a?tl~ <br />SARA J SHERMAN, Borrower <br />
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