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MAR. 9.2011 2:05PM WELLS FRRGO N0.4926 201102032 <br />RENOVATION LOAN RIDER <br />TMS RENOVATION LOAN DER is made this 11TR day of XUCE , 2 011, and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Thrust or Swi city Deed. <br />"Security IDstrument' p) of the smile date given by the u ader5rgned ("Borrower") to secure Borrower's Note <br />( ``Note ") to ROMBSERVICES LMMI G, LLC SERIES A DEA HOMESERVICHS LAIN <br />(44 Lender") of the same date and covering the Property described in the Security Intrumnt and located at: <br />3415 PRIMROSE DR, GRAM ISLM, ME 68801 <br />Ply Adds] <br />AD AL COVENANTS, In addition to the covenants and afire rents in the Swnity Instmmm, <br />Borrower and Lender further covenant and agree as follows: <br />A. Loan proceeds are to be advomd. for the premises in accordance with the Renovation Loan <br />,agreement dated i"iA" cir 11. 2011 betwe n Borrower and Lender. This agreement � <br />h=rporated by reference and node a pat of this Security Instrument. No advances shall be made. <br />urdeas approved by the Lender. <br />B. If the renovation is not properly completed, performed with reasonable diligence, or is discontinued <br />at any time except for strikes or lockouts, the Lender is vested with full autbority to take the <br />necessary steps to protect the renovation improvements and property from harm, continue existing <br />contracts or emer into necessary contracts to complete the renovation. All surds expended for such <br />protection, exclusive of the advances of the pr ' I at indebtedness, shall be added. to the principal <br />indebtedness, and swured by the Suety Insnunent and be due and payable on demand with <br />interest as set out in the Mote - <br />i. If Borrower falls to perform any obligation under the loan, including the conwwncement, progress <br />sand completion provision of the renovation Doan Agreement, and mh failure condnm for a <br />period of '30 days, the loan shall, at the option of Lender, be in default. Among the Events of <br />Default under the Renovation Doan Agreement are the following; <br />NMFL# 46d3 00103 <br />page I Of 2 <br />