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� <br /> � ' ----.---��-`- _ _`--._-.�---_-,' _-.___�_�__�__. <br /> ��. _" "13n '� Y ��'trt,..� __..`. . iia_"�.r�. _.'__"_' __- ..___-.� <br /> �xs�rtoxs wr�nun�s <br /> � �Q���� - <br /> We pmmise that,except fur Prr�uitted I.ieas: (A)a�c own thc Property: (b) we t�ave the ri�bt w �rwt w�l wuvey the <br /> PropenY a 7'mstee: aacl Ce)there ac�ao ouistxndin�ciaiiuc o�ebarges againu the Propeny. 71�e tenu'Pemuued Liea•n�aas <br /> (a)Auy n�orcyage,do�d w sxurt debt or dw�of wst("urw�ly t�stnuWe�t")clisdns�x!to GI�:AC by wy Sigaer ia applying <br /> fix ebe Accouat�to tbe exteot that the amount securecl by sacb sec�uity inst�umeot does nat e�ccced tve amouat disclosed on stich <br /> ypp�icatiou:wd(Y) swY li�ns.cisla�s a�d cYStrictions of recard tt�t do aot iadividuaUy or colkcpvcly have a n�terial a�tvcrse <br /> impsct u�on GMA�'s joc�uity. the�alue of�e Properry or the Property's curreat nse. <br /> Fis�h of us gives a geaasl w�sxnty of dtk W GMAC. This weans th�t eacb of us wiU be fully nsponsible for aay iosses <br /> whicL GA1AC suffers bee:atue aayone but us hzc rightc in the Property other thw Penuitted L.ienc. We prumise thit we will <br /> �_�-- -- --�°- •-�__ <br /> ucacs�uaii uRr�iu�i Of i�:Pi�iiy:6�lii►ii a�iy 4i_i Of Sii:,2i f1�.:. <br /> We will aather taloe mr pemiit any xdoa to putitioII, subdivide or cLange the conlition of dtla to all or aAy put of tho <br /> Pcopaty. We wiU not aaxad aay Prmaiuod Liea witLouQ GMAC's prior written eoacent. <br /> CER7'AIIJ PitOVLSIONS OF 7�AGiLFT.MEN1' <br /> We underst�ad tl�st GMAC tnay,uodtr artun ci�n set fortl�in the A�reamtut. caacel its obti��tion to mske <br /> fiuurr�dv�aces aad/a requite repaymeot at ooce of doe Tota]Halaace Outsmadi�. GMAC may clsu�e t6e te►ms of the <br /> �►�+ameat, includit�g terms r�lstiag W FINANCfi CFiARGES, as pmvided in the�grerl�eot. widwut impiiring its tights <br /> aader tlais Deod of'i�ust. , <br /> Us�der tbe A�rameat, FINANCfi CHARGfiS u�e based oa the'priau cate' ps�blichal in 71�e Wall Street Iournal or in <br /> artala circuunstances th� "prime�ate" poWiched in 7be New Yort Times or a similu indet selected b�r GMA�. 'ILe nte of <br /> � FINANCB CHARGES chw,gcs on a daily bas�c as tLe incfez oc d�e auwunt o�usmodi�uader the Agreem��increases vr. <br /> dect+c�es. We uadawad tbat Borrowrr will not receive adva�e notice of s�mL c]�a�es. <br /> � <br /> Pjt014�SES AND AGRFfar�1VTS � <br /> _.—..—- -- - �=-�-°"r--,with(;lrt!►[`ag inllnux� _ . . .. . . . .. _ . .,_.. <br /> � 1. TII�LY PAYMENT. Borrov�er shall pay when due�ll s�m�s owod GMAC un8er the Credit Documcots. <br /> ; <br /> y 2. �PPL[CATION QF PAY1VlEN1'S.All paymeats sls�ll be applied by G�zs 3et far�fi ia tbe Agieemeat. <br /> i' <br /> 3.MOINTGACsES AND DEEAS OF iRUST;CBARGFS;I.I�1.S. 91Te sh�make paynxats whw dae�d perfo�a11 <br /> ' o�r oEli�tioos undrs my mo�t�aye.&ed af tr�t or ot�er aecurity�ameat oa tbe Ptopettp. � <br /> We sLall p�y ar caose w 6e psid wLea dne all 1a�as.tues,assasame�tts.c1�r8es,fiaes.impaitioas�ad ce+ots of a�load <br /> rdatia� a cLe Poopeccy ("As�es��ts"1• Rocxipts evideacia�s�psymeatr sivu be dotivaod oo erMAC upan its ra�uesc. <br /> fixctpt fa Pkimieoed Lie�.rv�e sh�Yl mt allow aay eacumb�na.cLarYt or liea on tLe Prapaty to bxc�me prior to t6is Dee� <br /> � of Tnut. <br /> �, ui�i�n��Cgt CONDEbIIVATLON. � <br /> � (a)We si�ll,at aur cost,traP�11 improvemtots oa d�r Propaty iasur�ed against lass rau9ed by La�rds inctu�ted <br /> in tbe te�'"exoeadod oovera,�e'or by ott�et hatards GMAG m�y cri�sonsbly spacify. I�1ars:$iasvraaoe sh�ll be in�n a000uut <br /> . u�ual to 15e ies�a of(i)tbe foli rrplacement cast of t�e buildipg d�st is put of tLe ProQaty or('u)tbe amouat of t3�is Doal of <br /> � T�mst p�a tbe total �o�a�a�t of�ll Prm�imed L.ieas; bat ncver tess than tLe �mount neorssazy to satisfy wy coias�ce . <br /> ;� <br /> zeqoitemmt ca�oqiiaed in tbe amt�aoe policy. <br /> AIl ia�uoce poiicie's wd rea�wals must be in fotm acc,ept�Wo oo'GMAC aad mt�st inctude a stsadard mortgaga clause in <br /> tavot of GMAC. GMAC sba]l l�ve tbe right to 6old the policics and nnewals. s�bject to the t�rms of any Pemzitted Liens. If <br /> we*�+�,y tLe premiams dinectly, we sh�ll pmviri�e GMAC with�ll renewal notices wd,if nanested by GMAC, all raxints for <br /> pceaaivaos. If polieies�ad resawals ai+e I�eld by any other person.we sl�ll a�pQly copies of thrm W GMAC witbin tea c�leadar <br /> diys aftu dr�y ace istivaL <br /> ` iu 1he tv^ent of losS.lMe Shall giVC piompt L�liCe Go C1�G inc��mm��ay aod GMAC. GMAC y��e a plo0f of losS if <br /> we f�u eo ao so prm�ptly. �Z �'`�'. Y:3 <br /> -2- . <br /> . � <br /> -�.. .__�. -- -- . _.. - —�_.�.�.__ --__------_------ <br /> - �� __.Y <br /> �- � . ��.�,�,�- --�-s- <br />