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<br /> noaooaod ax i�npoao�i upoY� �ho 1'ropoxty, or b�acorao duo cind pnynblo,�c��c4 whilch cronto, raay i �
<br /> create or appeer cc� creatQ a lien upnn tho Proporty, ox any part th�r�af, (all of��lnicin
<br /> �� { taxes�, asesusmenes and other go�rarcunQntal chazgoa �� liko na�ur.o ar� hetc+l.}1efGer referred �,,
<br /> •� � •'�'� ��• N xavidad, horreve�, r.hat if, by laW, any suah ImpaP��ion is pay�ablo, ;-.�
<br /> Co ss it�po�ii:ior.►y } � �► • the snme
<br /> �'.y�, ,' or nay at the option of the Cexpaye�r be �oid, in inetalimen�:�, r�enr�x mAy p�+y �_,__
<br />` •�• �o�othosc otith any accxuad intereat on the unpaid bala inr.ozest�or.i�oaf.��r�yY�nflnAddod therezo `
<br /> • at� tha eame bouome due sneT boforc uny fine:, penal�y,
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<br /> for the nanpaymAnc of any aueh inetallmone and inr.axaaz. Upen n�nc+�l�:i�r.y's wrs.ceen
<br /> r�•�� requoat, Crantor shall promprly £urnish to A�na�ici.ary raa��rr.s evt.denctng auch payments. _,
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<br /> Crantae'� �ailing to pay any ouch Impaaitio�s pr.1.�r to the daee oE their delinquency or, �r'
<br /> �""""'� afeer. appxo�al by the �eneEieiary� FaiLing to dnpc►si� in eRCroH �i�h t4�e Be+neficiary v�thin •
<br /> ��'.',`� �ifteen days after ne�tice fro�► the Benefic�.nry thA amonnt: t1NG8R8ATyI C(1 �ti�► s,uah YmPoaitiana ����
<br /> ',,:; pending a de�err�inw�iox� of any �sppeal of_ the amount uE svscsh Impot�l�i�crnn ��u+t is ti.a�ely �.,:
<br /> �.,;,,,, --
<br />�'���'•• inetit�ited by (3santna, ahali conatitute an event oE d�f�u].C: andex th9.a Z�►ar.xa�e�nt and ahabl —
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<br />-.� � .. � continue aR w dafault unt4L auch Impoei�inna� tagethAr wi�h an�r �,�rc�lxt.as or ad81t1onR1
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<br />-�,�;,,�„ charge� ��alsted thereco, have been paid in ��.. .
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<br />,���� 5, FVND� Ft3kt IMpOSITYONS. IN�lI1lANCL� AND OTH1iR CNARGES. BAnc�f.iaiary, afCer the
<br />-''-�;d� ocr,urxence of. an event of default undor th� cov�snant� or aonditiona o£ tho Note or this --
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<br />'`°�'"�i xnsCrutee�a�:, sti+�11 have ehe ripht to require thaC Crtxet�cr pay �o Benefiei�sy on t e ay _
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<br /> -���� monthly �na�alX�eants are payable undar the t��Ce (or on anoCher duy desi�n�tect in wrieing �,,
<br />`;;^��n•`, by Bonnficiaxy), un�il Che Noto ia pa3d i.a► full, s sum (herein "Funds") equnl ta ane-twelEth -
<br /> _"- -- (1./12) af (i) the �nnuftl Impoaitions, and (ii) tha yearly premium instt►11manCs for the
<br />.:�.`�•�� insuxanco required to be carrfed purav.ant to paragraph 6 below, all a3 reaAOnably estimated
<br />_.���-- =.�.a initially and �rom ti.me to zime by Deneficiary on the basis of asaessment�o Be eficiarn�
<br /> •�'��`x:� reasonab�e estimatey theraof. Beneficiary may a�.so require Grantor xo pay Y
<br /> - �n advance, suc;h ott►er A'unda for charges, prem9.ums and assessmenta in connection with tl�►e
<br />_- - Property which Beneficiary shalZ reasonably deem necessrsry to protect Beno£iciary's
<br />._^�:;� intereaC.
<br /> `�� . �� ., � anid Imnositions, ;.naurance premiums and
<br /> =.�`S+� Beiaeticiary snull apply �t'�d :�:n�� cs,
<br /> - other ohor�e:, so l�ng as there exiats no event of default under the Note or this Instxu�eent.
<br />----=--- Benoficiary shall make nn chargo for so holding and npplying the Fun�ls, Analyxiag said
<br /> —= account or for verifying and compiling said assesemenCs and bills. BQn�ficiary �hall not
<br /> W be requixed to pay Grantor at►y interest, earninge or profits on uh0 funds aad shal�. have
<br /> -- the ripyht Co cowaingle the Funds with tlte genoxr�l funds of Bennf3otaYy►.
<br /> If tite �ceauza� af Funds held by Bennficiary shall �xceed Chn atnount cdeemed neCeesary
<br /> by Beneficiary to �p�covido for the payment of sucli Inepoaitions, i.nsuranae promfuma and otheY
<br /> � charqes, as they fail due, such exooss shall be craditad Co Grantor an the next monthly
<br /> instaYl�ent or i.nstal3.ments of Funds due. If at any tiav.e Che amount of the Funde held by
<br /> Beaoficiary ahall be less Chan th0 xmount deAmad neceasaxy by Benaficiary to pay
<br /> Io�positions. insurance pxemiwns and other charges as they fall due. Grantor shall pay to
<br /> BAmeficiary an amounC necossary to +nAke up the deficie,ncy within Chirty (30) daya after
<br /> — notice froa Beneficiary Co Grantor xequasting paymene thereof. Upon GrsnCor's breach of
<br /> amr aovenant or agreemea� of Graneor i.n this Instrumgnt, Hene£iciary may, nt iL's option,
<br /> apply any Funda hel3 by Bsneficiaxy ar. thv tin�e of applicatian (i) to pay Ia�poni'tionA,
<br /> inqurwnce premiums and other chargea, or (ii) as a credit egain9t sums secured by,•Chie
<br /> Ins�ruaent,
<br /> 6. INSIJRANCB. Grant�r ahall keep the S.mpxovemen�s now exisCing or hereaf�er ereated
<br /> on. thn Property iineured by carriera aC all times satiafactory +�o Bone£iciary agai►tisz loss
<br /> by fl.re. hazarda inctuded within the term "all risk af physicad iass", rent loss a*sd such
<br /> other hazarcls� casualties, liabil�tstes and aontingenei�d as Baneficiary ahr�ll require ia
<br /> such amounts and far such periods a.s 9eneficiary shall require. Al2 pr�mlti�rea on insurance •
<br /> — policies shall be paid, at Benefic��xy's option, in the manner provided under pnragrt►ph 5
<br /> -- = hereof, or by Grentor making pay►ment, wher due, diroatly to the carrier. All insurance
<br /> — pol.icias and �onewals thereof shall be in a form acceptable to Beneficiary and shall inc3.ude
<br /> o atan�atd mortgage clause in fava�� o£ and in form acceptable to Bonefic3ary. Beneficiary
<br /> � ' � — ehall h�ve tho r2g3�t to hol.d eha polYcies, and GYaneor si�all promptly furnLeh to Iieneficiary
<br /> -= ull rer.roval notices and all roceipts of puid premiums. At leae� ton (10) days prior to tho
<br /> _��=-� axpiratlon dt�to of a policy, Gruntor ahall delivesc to Bonofici�srg a renewal poliay fn form
<br /> '''.?�� satisfactory to Boneficiaa��. Tho eapiraei.on or l.apse of any p�gis.cy of insurance required
<br /> --���� under tihis Instrument vithout sny subatituCe policy baing in effect ahali, at Beneficisry's
<br /> � — _ _e �_e_..,.. ....a�.. «s.re r..or,�.�ment_ vhich doEault shall continuo in effect
<br /> ���° option. oe an OYCll4 Vi .,a..�..�- .»...-- ____ _______. . _
<br /> -���<_i�4'6.� until such time aa Gra►itor supplies to thu Be�ncsficiary evidnnca of aubetituto covesraga
<br /> _=;�� haviiig an fnsuxar end t�cnns and amoune of cov�sxagc+ accopta6le to tha Beneffciary.
<br />=`W�' In tho evant of loss, Grantor shall. give immediato written notice co Che insurance _
<br />-L�-� carrier and ta Boneficiary. Graneor hereby authorizee and ompowers Benc�fi�ciary as attorney- _
<br />-:-���;,3-� in-fact for Grantor to make proof of loss, to adjust and compromiso any claim under
<br /> �= insuranco policies, to appear in and prosecute any action ariaing from auctt insurance
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