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<br />A. Borrowex shall keep the iugmvements now e~dsting or hereafter erected on the <br />property insured agaictst loss by fire, hazards included within the term "extended <br />coverage" and such other hazards as Lender may require, in the amount equal to <br />the loan balance, or for not less than 100% of the full replac~nent value of <br />the improvesits, whichever is greater, as established by a ccxnpetent insurance <br />apg*~;~~. Camgs~iensive general public liability insurance will also be <br />obtauied, isi a ' acceptable to the Lender, for an amount not less than <br />$300,000 caabined single limit. Rental value insurance equal to the rental value <br />for asix--month period, as established by a competent insurance appraiser, shall <br />also be carried throwout the tezm of G'~e loan. <br />B. ~ waiver of lender's option to accelerate shall be subject to: {i) the credit <br />of the purchaser oar transferee being satisfactory to the bender; (2) an assuflption <br />fee of Hatt less than 1% of the then outstanding principal balance paid to Iaider; <br />{3} the interest rate irereased to the current market rate at the date of sale or <br />transfer; (4) assutpti~ of full and unconditional liability of the indebtedness <br />by ail gumhasers or transferees of the property on a joint and several basis; <br />(5) any other requiremexits reasonably necessary to protect hander's interest in the <br />pity. taay agrerment regarding lender's waiver of its option to accelerate <br />must be in writing and readied prior to the date of sale or trarssfer. <br />L`'TTIAL <br />~. <br />.~',,-r <br />