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<br /> MLCC 3ECUR , gASED CRED ID� 90Q-928-6214 DEC 17 '96 17:08 No .021 P . 02 . .
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<br /> _1 �� ��:Qc��� � _ . -- - ��
<br /> TROVI�ION9�2�THF A�:1tL�MFNT ~�� _.
<br /> in ancst cnta, snd thnt Merrlll I.ynch�titAy, pr�pT ti�tho cud of ''--
<br /> 4NC under�tKnd thac the A�rceuunt callr fur a y�¢1S�{
<br /> ihe teun af tlie Ag[�oment and undcr c:uriain alreurnateusebs spajficd ln the A�reeme���, c,�uco1�te��bllgatlat to mako fuwre _
<br /> , nJvanoes, an0losr tvquirc �ecelerAted rCpaymo�t of the outEtendln� beltt►ico, unc4:r tl�e AgrewziGOt. Tt�e A�recment
<br /> i �� pravi�ioa�below rel�te to the vuritUle InteroRt t�te.
<br /> """"�� ,� The paragrAph In thc Agreeuient,entitlW"lncarra�,"pravlde4,in part,as foUawu: _
<br /> .. ,N.��_.�_
<br /> (e) ANNUAL �NT�itE&'P RATI�. Ttte �►anu�l in�erest rnte applied to our nut�ttutdtnr Princl�tl 8aleuca fs _
<br /> c�lculetod daiiy und equals¢ho Fsime Rnta plue_ ono ha fn��cc��u �,0•5�9F-)--. `-=_=-_
<br /> * (D)�'R1M�RATF.� The Arlma Ratc tar tuiy dnu IR tho"prhne rat�e"pun�i�ua by Tha W i S�qec]ou►nni far�hat •�_;-'___
<br /> � J�ar. lf a"prime rate" rnnga ir published by�4 WRII Stra:tlavmel�thcn tho highcat rate af thxt cu�ge wUl be uRCCI. If : .=
<br /> ��WEl1 Strc�t]ournal doee nat publlah s�primC tate ot e primc rYte tw�e for uiy date.rhen che prlmc rACS or cha hi�hast '- :,�,y_
<br /> rate of the primc rate rango publiahod by�Q,w��Screat lournn!tar tteo�aoat rea:nt day wlthin four(4)dAy�ptloT to t hu :,,�r,
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<br /> dotu.(or which Thc W►all Stree:!n��dae�pub1ith u prtute rate or�prime rato ran4a.w!U be used.
<br /> a � If��e Wall 51rce �ourual falle tn publith a primo r�tc ar a priu�a rato�sn3c tor nnny dnto ar iin w►y day wlthio tour „ �.-`°�
<br /> (4) al�,ye prior ta that dato. Morrill I.ynch will u�;e Qubstltuta indox,t�be dotermluwl wt ehrt d�ne,thnt ha� un hictorieel °��-
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<br /> � m�v+omCUt eubatt�nti�lly Umllar to that nf Qte prltuo rato publixhed i�i'Pho W�11 Stree�Journel�and that wauld reautt in an . - •_
<br /> y annunl perccntoge reu substantially simllu�n thc rate In effxt at tho time tho prl�v txtc publisl�ed la'ft�a Walj 5�,1�t SF��__�
<br /> i �bxomca unavailable, '°~�.
<br /> M �{y
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<br /> ��, (c)VA�UAB�.R i1VTkiYk�i'1'ltATfi. 7'hio Agceemont providc:x tha�tlie awu�l Intorust aatu wjll chtwro when thc ,:�,��
<br /> Prl�na RatC ehAngea,whtch meuis Uut an incroxsc or decroaso tn the Annual intr�est rat�wiU[ako cffcet an the day tho Primc � +� .
<br /> ' � Rate changc�. ; .,�
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<br /> '_� i ♦ N� ♦� ou f•li1�tTAf3R R1,TR will uot ntcecd iG.75 _DCrCEIIt.
<br /> - �c _ Tuo inn;�iu►u�,�w.:w�nQing(r,;:;,.,uul)..N..J...._..!?.._.....__._. � ".
<br /> � � Dooro�scr in the annual in�e�t rYte tre maad4tory aa tha Pdma Rato decroasca. Wa uncterct�ud that wo wlll not ba . -
<br />-� � pmvided with any�dvKnCa notice of chanaas in thc rnnual lntetY�t r�u at the priate tata _
<br /> '�` • ARbMIS�S AN�1 AGRk�I�a:N'I5f -�`
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<br /> ,,.. � - Wo a�rco with Mclrlll Lynch a�rollawa:
<br />_,:. '" . 1.j'�ymnnt ot Pr1n�y�n1 end lutcres3.Rxcopt wt IimIICC by pAragt'�ph �0 of thiR D�y;cl uf Trnst,we cho11 proDtptly
<br />�;�,:-�. •N�� pxy when requlred by thc AY�cement, the priaalpal und inWr��t Quo unQar the Ageament,ta�cthcr wi�h v�y late eharges and �"�
<br />_"'`�''`��'��� othar chagco lulpo�od undar thv Agn�,m��t. • �
<br /> �,.x�,:,.>a�,;� _-
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<br /> - Z• �,�u�ica�lon ot P�mmlta� Upleu prohiblt&1 by iWw. u11 pqymcnts i�lved by Merrill l.ynt;h undor Wo _ __�..
<br /> '� ' �►grcomGnt�nd thft Dosd of'hu�t ehull ba a�liat by Meir1U Lyncb flrat eo rcducx;rny rumn outstending under tho lino of :^Y_
<br />-- ' ±r� eredtt cecured by thix Decd of 1'n�st (ths `Arcount")whirh`�e fn excese of c6o c�rodit av�ileblc unu,:r�he Account,then ln
<br />_=°.";;; , .,� paymetu o!tho ar�ounta pqyeblc ta Merrill Lynsh by us undcr p�r�rnpl�a 6 tnd 27 0!thls Deed of Teuet.thon w chxr�cx ��':_
<br /> .�,�:f. a �bla undor tho A rec�nonc(mther fhen thow�puci(icrQy idc,�iified i��chts paragraph 2),�han to intcrest.u�d tha�cQ the �,~`-�,. -
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<br />-=:-: � : princip�l p�yeble under ihe AY*+ocment. '
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<br />�'. .r.�. 3, � q . We�hx11 il�lly�nd timcly perform ail oi our abliQatfons ::=�:,4{�`�--
<br />-_���`> �� f undar any m�n�age,decd of truat or other accurity�r�x:ment which i�prior to thle Uesc4 af Tn�at,includin4 our abligaiians to ����"' �'°��-_-
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<br /> , u�s�S;a any paymant�whcn duc. ,:r}`•;��'=.-.� --
<br /> ' ,� .i fi,ti:f.:„�5i:���o'�s►,•.
<br /> .�• Wa ah�11 pay��r uwae io Le psid�et least tau(10)cnlendar dRye beforo dalinquoncy,�Il tru�t,aA�essmenti and ott��s �r� ..,,,'�,�a�
<br /> • �`� charaes�finue and irnpo93tions relodng to the property nnd all cncumbrances,chargo�, laxnr,xnd liem(othcr thnn e�iy yrlor �
<br /> ��.. �`�'�' mon�n�e or dax!irf trurt)un thc Froperty whiolt ntay beconu prlor to thl�i�eod of 71ust,�nd lor��ehold paymcnt�or grouna ,:�.",;;�'#j�,;;;�,
<br />_ �,:1,, � . f'�e` ::.�,.,..
<br />- crnte,lf nqy. V4�a shall tk:liv�r tu Mcrrill A.y�ich,upon its reciuest� recalpta�vldeneing wch p�yment. If,�t tha timo Marrill ..�;.."�.,,��,�.:.
<br /> � �� ` l.yikh clecte ro torminAte tua Acoount ae providuci in peragr�h 15 Oelow, lhCDO 16 8l1 AiSC95t11G1t WIlICII I6 j1AYADJO LA ' "
<br /> perty. th�t Aaaossrrwnt will novcrthclus tx:umxi�lcnxl ��� ?'
<br /> ' � �:� in�talinx�tw d�our aloctfon or at t�e elation of the lessa of the Pro . �':;,-._y,,.
<br />- � entlroly duo�nd p�►yui�lo c�n tho cl�y thc firct Installment becomes due or payable or a llen. ����":�'�
<br />= � 4.Hwr,�rd Insun�ncC. Wc Khril.at nur cnrt,k�:ep►he impmvcmentr now exictu�g or tuer erected on the Propeny
<br /> --�---= Inc��rwA ao�lncf Inen hv 41m �fv �fn7i�t�a �ifC�ttt�lft� urSthln t}fd t[7R1 �L�2f�Ct� MIV`I1LQC_� illttl bV EllC}I O�ll:f }1tl712Y�S -------,-- �- ' �
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<br /> _ , (colleetively rafortetf to as"Nsuu4s")as Mecrill Lynch uiay raquire. We aball malntaln�Iazai�d lnsurance for ti�o entlre cerin of
<br /> _ � � d�o Agroantatt, or aa lon�as Mortill i.ync:h m+�y rcqulrt+, in an umount cc�uxl to�h�s lavwr af(�)thu maximum i��urublv
<br /> _ � vatue of the Property or(b)tho nu�xlmum ammint of tha Account plus cho outatandlnA nma�mt of nny oblfaaeton prior to thic „ ..
<br /> Dad of'l�use,but in no event sha11 such amounu be lass than the en�ount nocessery to eatiafy the coinsurnna requirement
<br /> - � conteinaf ia the i�uuraacxi policy.
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