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IAAK, 9, 1011 1: WM WELLS EAKK <br />NU, 4916 F. 10 <br />201102032 <br />1. Failure to complete the Renovation. The Renovation is not completed in accordance with The <br />Flans and Specifications on or before the date that is 12 months after the date of the Note. <br />Jhe renovation is not carried on %ith reasonable diligence or there is a substantial suspension in <br />the renovation or equipping of the Mortgaged Premises for a prod Of lWenty (20) consecutive <br />business days, unless caused by strike, Insured casualty, Act of God or other cause beyond <br />the reasonable control of the Borrower, in which event such suspension shall not exceed <br />forty -five (45) days. <br />2. Filing of other liens. A< lien for the per€0munce of work or the supply of materials is filed <br />against the Mortgaged Premises and remains unsatisfied or unbonded for a period of = (10) <br />days after the dare of the filing. <br />D. The Property covered by this Securiry Insir unent shall include all of Borrower's interest in ids <br />held by Lender in escrow under the Renovation Loan Agiewmt. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and cow contained in this <br />Renovation Loan bider. <br />(S) <br />- Bono►er <br />(Seal) <br />- Borr4wcr <br />(Seal) <br />Borrower <br />(Seal) <br />Bomwer <br />At <br />DJMI EL L BERG" - Borrower <br />ikj��6�z <br />(Seal) <br />DEBORAH A BERMAN - 190rfower <br />(SWO <br />-Borrower <br />(Sea) <br />- $orrowcr <br />Poge Z <br />NMFL# 4543 0$103 GAP 2 <br />