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<br /> .;Af;p� � �1r1�)�1 �+i r<.j . :�.' 4 . . � . .
<br /> f�l' l hK r ` ,q'� �,W� .
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<br /> �J'u� �'"�` ._._.._ �-.._---_
<br /> ' � f.ti��b Filo-�No:, Ai)'
<br /> .� � a���
<br /> and nat to pr.fmit any m�!chanic's or rrtaterialmen's iipn ap�inst the Prn}�ty. Tn;stor�t xo�pne�,
<br /> anythl�g in this I2�d of 1'rust ta the contrary notwlthstanding; , •
<br /> _ (�} to promptiy comme�ce whrk and to comFiete the praposed imprav�mrn�y --
<br /> promptly;
<br /> tb) ta cnmplete same:n�ccorcl.irtcc vdith plans�and speciflcallons as approv�d by
<br /> �e!rneflr.iary;
<br /> (c) :ta�amplp with al{ of the terms of any Building l.c�rt Agr+aemcnt be�tw�en
<br /> 7rustor.and Beneficiary;
<br /> (d) ta allcaw Benef'Kiary tn inspect the Property at all time�s duriog consbuction;and
<br /> (e} ro rpniac:�any work a materials unsatisfacta�r to 6ertefiGi�l,within 6if�een(1 a) .
<br /> u.:`j..:.�er written n�?!3e�fr�R�•;e�:.'!�^�L'{S_�!'j'!E?`i�!".��1l��1 nlQhro rnav Fua on�wn tn T'�xtt� -
<br /> kry negixtered or certified mail,sent to its lut knoNm addness,or bY persor�al servic.,e af�same. .
<br /> Seetio�1.e}4. ' Tn�tex sha1L• f+)�P�e�P�tY
<br /> in�d condition and��►i�,subject to�asonabl�anc�arclinary wear and tuear;nat remove,demol ish
<br /> � or sut,tis�ntiall��ites(except su�^h aherations as may bQ rc�quineci 6y favrs, a�dinances or�gulatia+ns)
<br /> . arry of the Impnrna.*trunts;(i7 con�l�prurr►pt(Y and in�ood and worlcnu�like manner arry building �
<br /> ,,~.�• or otFt�imptavement whiciti maiy fae construcbed an che Prapecty and p�rxriptly testore in lik�rnan�er
<br /> any lrnpnnrrement wliHCh rru�p ix�damagec!or destroyed there,�an,subj�ct tc�the provisions of S�ecticxr
<br /> - -..
<br /> t�07,And.bo pa�r ayhe.�n due a!I�c�aims fcX lallx�r{�forrr�ed and materials fim�isf�ecl.therr.fcx;{iiil�p1Y
<br /> _ . . , - ._
<br /> witl�all lenrvs,ordir►ances,regutatia�ns,c�o+nenants,cancii!ic�ns and�+estri�tions naw or hereaitrr affieciin�-
<br /> the AAqrtgaged P�u�e�ty, cx any part thenwf, or requiriog any alt�rations or improvemer�ts;,not to
<br /> t�iont►�nit or pennit ahy waste.or�dcterioratian af tt�e Mtxt�ged Pnoperty; (iv}ic�ep and main4ii�al�utting .
<br /> g�+ai►ir�s,,sidervaiks,roa�cfs.P7+�Knf3 and IandscaEw arPaS;�n�ood ar�d neat or�cl�s`;r?�!d�eWK:(y)c�mp�X
<br /> wiltti,tP++e pr+o�visions�of any tea�;s�,if titis(3eed of Tru�o:���vn a IeaseF�olci;uid�rt�y r,�commit,sutfe�or �,
<br /> , pe►mit any act tb be dc�r,e in a uport tlxr,Mortgage�1'�o�rty in violation a�arSp 1aw,ordl+nance or �
<br /> regulatian. . ��:, . ,
<br /> . . •,�,:. .
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<br /> ., �, . 5ection 1.OS. ��� 7rustor'$hal{�xovide, maintain�i�.�ceep at all times in
<br /> S�oroe the follo�winR policiQS����ii3urancei� : , ''�„ . . ;
<br /> . �.�,
<br /> , ' {���:�::'\���'ts�� �:,,''�t'�ce agaii�s2"Ji�ss m damage to tht�lrteprov�m�nts by�ire arxJ any of the�� � 'i;;,:
<br /> . : ri4lcs cr�ve�ed by irit�tii�r�c�c�'�h�type rnav�?'Jcnowrl as'firc and ext�c+4J�ed�oveca�e"�in an .
<br /> . • arriourrt eat kfis d�z'k,: oni�ittal�m�uM �a#,�hie Ptamissory Nd�or tk�+c���;c�!r�plar�ert�+it c�ost,� ;,..
<br /> .� �f tix Irt�pr+o�r►�e.r►ts�ah�#Pd'sr�ii.�14.�A'toperty;'w'hi�fievec'is�er,amd wit�i aj doduciibl�fr+rxn "� ..
<br /> " : the fass pay�le ior an psu�."�..��'n:.�mounts acc.�le to Be►�fic.yary. Ttie polit�,s of iasur- ' .
<br /> ance cairi�erlln aoca?�nc�r�G��i�iti�is subparagraph Z�J sha!!e4ntain the"ReQlac�evn�rt Cost .
<br /> � • , Endor's8rn��t"; ,�.. � „
<br /> . . .,,.; . .
<br /> _ � (b) loss L�t�+i�nt i�n�t►titxe ti`or at ieast six(6) months; . . � � ' .
<br /> . , ,,;
<br /> _ ,,-, ' �,:. � .
<br /> i (c) Cax�ri±rie�iai geaieral (iability insuranGe tincluding caverag�e for elevattxs a�nd
<br /> , �� escalatcxs, if any,c1m��,`}�+�i►4cxtgag,ed Property and,if any constnu.-tion of new Improvements
<br /> . . oocurs a(t�er execvtic�of thes[7+aed oi Trust„axnplebexi op�atians ao+�era�gc3 for tvro years aher
<br /> _ �, oonswctian of the In�r�vemer,�s h�s been complerobedl oati an"aaur�ena b�sis"against claims '� �
<br /> - . for'Personal injury,"�+r�cluding,Withcwt limitution,bodily injury, death or prc►pe�.ry dama�e
<br /> " � orcurring on, irt or about th�Nlcxtgaged AYc�p�rty and ti�e adjaraing stneets, sidewalks and
<br /> pzssa�eways,sui.'it�nsurance ta affnrd imme�di�minimum prr�i�sii.to a limit satisfa�bory to
<br /> � BeneFici�ry and in no event less tiiare Sy,Q00,At)O.AO wi4h respect t�o persanal injury or death
<br /> � . . to�ay anr�or more persons or damag�t�prop�tY;
<br />.}
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<br /> �; (dy Waicers'ccxiipensati�n insuran�e�inclueting er►�pl,oyer's ti�i�itity ittSU�dnCe,it
<br /> .� re+quired by Br.nef`�ciary) for all ernplcyy�tes o� TrustQr engaged on a witi� r�:t ro the
<br /> t�ortg,a�ed Property in suci� an�ount as is Satisfactory to Beneficiary,or, if sueh IImiK are �
<br /> '. escabRished by law,in sucit antu��nts;
<br /> ie) U�r►ng the course of any c:o�structivn or repair of Improvements an tfie
<br /> Property,buflder's c:ampletcd value risk insurance agairesi"all risks nF physial lass,"inaluding
<br /> r.olla�+�and transit tor+era�e,duri�eg cons�action c�f such Innpraverv�ents,with deductiblr.s
<br /> ac�e1.�iblQ to Beneficiary,in no��-repnrtinq furm,covering tfie total value of wcx�c�erfamed
<br /> and�equipment,supplies and matetials fumished; .
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