|
�- ��.�._�
<br /> '.."t":=.�.°_����;.'�"`_�. --
<br /> �.-- .. ., f_i, :. . . . � ' `'-- -
<br /> • , ., r . . • .- °°���
<br /> � ' , � :i ..�.
<br />_ . . . , .. . . . ..*-�,y.�..��.----�--
<br /> .. _"._ _ _--__ — '___ - _
<br /> Si11�"y�i'�t ___ "4_ YL��'t ���.Y'�•.-. '- . -��.._... _ .
<br /> "•xY� •..�. . --. -"'
<br /> . . . _.. . _.. ___._. .. _ �
<br /> ..._... _�.._�� _ _ _. ,_`__". '_'_. _'_. -___.._
<br /> - '���A111SIf7 I���II\li��-Ql���L+ " . .��. ....-_ - _ '
<br /> � �0�� _
<br /> �bovu withiu tcu�ya ut t4�g�vic��oi aotww -
<br /> (c) if s�t aay tiaw uftor tttu dato hcrcof thero sball be as�e�ced or impc,cod(1)a tas or s�sse�u�cnt°°
<br /> thu Marigagcd Prt�crty in licu ot or i�additiou to tho iwpocitioos ot6e�visa payaW�by Borrowor purcuant
<br /> ta Sect'o i � 4eno�(2)a liacuw fce,tsx or assessawnt impoced on PPF and nieasured by or bs►sed ia whob
<br /> (or in psin)up�w t6e amount ot the outrtandiog Obiigatio�,or(3)a li�anco fea.ta:or a�sescuwat impc�scd
<br /> ou PPF becauco of PPF'a iatcrest iu tho Morigaged Pro{wrty.tl�ea all(or caid part o�suc6 taxec.as9cssment�
<br /> or f►:w shaU be deemed to be iaclu3�d withiu such impoc+tians ia S�gctian 3(�l hereof aad Horcower shall PaY
<br /> and discharge the saatio as provided iu '0 3 t�ereof w tho extcnt not proh�bitcd by applicabW law• If
<br /> Borrower tu�7s to pay wy cucL iwpositioas st 1east 30 days beforo delinquenry or if Barn�wor ia pro8�bitod by
<br /> law from PaY�B sucL iwpositioos.PPF cuay at its opliaa dadare all OWigations iaamediately duo aud payaWe. _
<br /> paything to the onntnry hrrei� uotwithctanding.Borrawoe�hall have ao oW�ation ta pay aay franchise�
<br /> eswte,iaheritanco.inoomd�ezocsa proGw w siniaar t�c bviod oa PPF.
<br /> a. Ha:ard or Mortg�ged Propaty Iaw�raa��e. (a)Borrower cha11,at ita awn e�ease.keeP tLe im-
<br /> pravemeuts now e�stia�T or Lcreaftar orected oa the MQStgaged PropertY iasur�d u�eqau'�bY Art'da S of
<br /> tLe Crodit Agreemea� If Borrower f�s w maintain the ouserago des�ed above,PPF inay�at PPF�optioa.
<br />' obtaiu ooveragd to prote.x PPF's r�hu ia the Mortgaged Fropeny ia s000rdaace with�boteoL
<br /> (b) Notbia8 hereia oontaiued shaU be deemed to�zcuse Borrowar from topt►iring or maiaxaiaieg the
<br /> Mortgaged Property ac provided in ection 5 hereof or testoring 411 daa�ago or dairuction W tt�e Mort�agod
<br /> Pcoperiy�regardless of whether there are ��*�ce prooeeds:�a1nWa to B°n°wer or whether eny aua'�
<br /> procecds are sufficient ia amoun�
<br /> (c) Unless PPF and Borrawer othezwise agree ia writing,any applicstion of prooeeds to princi�l aa
<br /> the Note(as hereioatter providk�i)sLall not e�tend or postpone t6e due date of tha moathlY WY�a�referted
<br /> to in dion 1 hereof or cbanga the amouat of tho p�}�ats.
<br /> . (d) In�oi 1ass.PPF or Tnut�e is�ereby authorized either(Z w settle and adjust aay '�'mi uadar
<br /> ' �insuranoe w�ithout oonsent of Boirower,or(u�to a1lTt�a+Botra'W+ar to agree witb the iasursnoe 0000�nY
<br /> or oompanies oa the amouat w be paid upon tLe Wcs. ta eithes caao PPF is authoriTed to oollect aad rooeive
<br /> � �y����pr�(the"�eds'�. prooe�r�ay,ai the optioa of PPF,either be appL'al in piy-
<br /> ��.- - -------- -• ....s,,... ..��..
<br /> ' ment or red�ion of We prineipal o�t110 IYaie.waetaor dun w nui,va av a�p:�:��a2�_.L�..►�.-..-, ..- -- -----
<br /> held by PPF and used to reimburse Bo*rov►�er for tho oosK of the restoratioa of bu�dia8�or imPras�m°°ts°°
<br /> tha Mortgaged Property. In the event PPF ekexe to a11aw Borraver w usa suc�Proraeds for the Pu*Pose of
<br /> restorsttiop.surli Proceeds sh311 oaly be made ava�7a�k,fYUm tmse to tiane,nPon PPFa lxing furnithed witb
<br /> saticfactory evidenoe of the est�ated ooct of eompleLiaa tizeraot aad arith sucL architect'�uerti6cata.waiv�ers
<br /> � of liea,aontractoss'cwom statcmeau and oiher evideac�of coai aasl of p�ymentc as PPR may reasoasbly
<br /> � rtquire aad appt�n►r. In such event,the bu�diag9 and improvements sirsIl be so restored sv to ia�of at lessi
<br /> . equal value and utHity for itII intended purposcs.aad sabstaatially the same diaracter as prior to s�damage
<br /> or destmc,tioa If the estimated ooct of the work eiceeds twenty peroent (20'Xv)of the oriiginst Princ�pat
<br /> � nmouat of the Note,PPF shaU�lso be fwaished wit�al��"ans�ad�ifxatioos for such ratoration as PPF
<br /> �Y��Y re9�O aad approve. No paXmeat mz3e psior w the f oal 000npktion of the aork s�atl o:eee�d
<br /> , niaety per ceat(909b)af the valae of tLe wor�performed.from time w timw aad s for the aost of��
<br /> balaace of Proceods rea�ainiug in the baads c�PPF a1�U be at kast suffiaant to P�Y °�U0°
<br /> of the work free aad clear of lieas.
<br /> � S. Ocetip+ircy.Pre�r►�t+oa,Maiateaa�ce�i II�rotectlou ot tie Mat�ProP�tY- (�Borraweg
<br /> shall not dcsuoy.dam�8e ot impair the Mortgagod Prq�erty�allaw t6e Mortgsgod PropertY
<br /> ooa�it wasie oa the Mortgaged Prc►perty. Bor�awer sLall not aar�si:a11 not parmit aay othea Aersoa ta,
<br /> without the expres�prior written coaseat of Pl'F,remove,demdish or sc:bctaatialt�+alter aaY ma��°�
<br /> of the Mortg�ged Pcaperty. Bonower shall icsep the 11�&.irtgaged Property m good order aad ooedition aoc£
<br /> malce all neoes:ary repaira wd replaoemanta tbereta Borrawer shaU be in default if say forfeinire actioa cs+r
<br /> ' prooeeding.whather civ�or cxi�a�is begun tl►at io PPFs good fsith judgment oould rewlt ia forfeiture ar
<br /> tLe Mortgaged Property ar othetwice ma+zrally impair the I3en crested by thie Iked of Tru:t. 'Bocrawar may
<br /> cure such a Default(hereiaafter deGaec�by cauaing the action or pruceeding to be dicmiwod$i1L a niling
<br /> � U�QF'ii�usr
<br /> p�e 3 a(t0 p�es
<br /> _ �.r - -
<br /> ��r . ^-6••+,..,'�.s�..siy�- 4': -
<br /> _"�-m' ����� ,C��� �'�3' :.r .�. x � ;��— _
<br /> -. ��4�K�r�-b �Ft Ts t1"v!�rh��-w V �1! w�tl4-4*-SOfxi M� . . _- _- �-� _ - ..
<br /> ;.-�� � � s r .•r�. :l � rr_ •gf +�'''�-.. =�6Z� --------
<br /> —a�r ` -4a1, d �'., '
<br /> x- Y A^� L�,gf,lZ� i• �• • � ` ,�v, .arieawrr -9�o�ernsat'r'..
<br /> �X+�'�"��. a- .�:SCf4:''��._�'a �, ••� . . . � �'r'Y.• ... . �-
<br /> ��a-:x* .T� ."A""�'�T'Lf"Y1T�...4HS-flw �� + �y�� '._�- __-� ��•rn�wr
<br /> _:;� r'a �s , � , . - : ?. � '
<br /> t� �� ��`� ���,/ c i "�:_
<br /> � t ,. • • ,.vf1+. ',,�_. -.-•c.- 9 y JM a � b
<br /> � • � . ...._TT'�����+*.J .,.. �hL . - - _
<br /> -� -��� _.+�^+hn�r�v'�rvr� � �+ rer�f - —
<br /> 1� . . ....� . ' . _ ; �,.( -�5�` . - __Pti
<br /> _ . . .�): �• T h � i .� . �-.'= as
<br /> . �. . . . , . , a. �a.,tisJ A�i_. J4:Wib.: y:P-:�+.:_ .. . . — —�
<br /> � _ _ , a`�..-�� , . . ..2..y . �• { .
<br /> S�i. r' . . . ••��� �. � t� . Y.0 f. _ — ..
<br />___�—" ' `.. .�.' „ , ' . . _ ;,�✓,y,.,ti,_;;�-._ _�_.
<br />�,_�._ ... . �.
<br /> -�,`�_�_a".' " '
<br /> -��V � . • .'. .�i�t'. '��.'.. . � .. . ._ ._ . �f�-�
<br /> �• �} • 4 � � l � t '! G'u�--� _ � _
<br /> ."i.tL . . . . . . _. .....74\.�.;:..a. ,�+.�. ._.. . -- ..- '.,a,.....,... . .!.i'.��8�^ =- � - ---_ . . ..__ .
<br />
|