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<br /> , -T-- - . �i We prmnEse th��for Pe�mitted LF�cs:(a1 cr'e mr•n the Propecty:N1 ae Ir�e t/re riglet m grmit md�vm�ey drr E'ruperty '� ` :��..=_`°�
<br /> . . `. ; to Tr�cRee,mid(c)there are ao or�tsYmtd'lirg c�ms or drurges ag�st t/�Praperry. The t�n 'Pent�i�ted lior"nte�as(�1�Y .. ..
<br /> .� . � : I mviig��deed to secYae debt or deed of lr�i("securliy lns�rrm�art"1 duatosed ta GI�lAC by rmy Sigrrer in apph�ing for tlie • . ( . .
<br /> " ; Araa�t�to the e�ent tfirathe�tormisecured by sudt sec7aily Ls4n�tr�does not exeeeJthem�wru�disdosed on u�ufi appGamion: . .
<br /> • ; � mrd fY1�Y lims. duims mrd re�nid�tons of recard that do nat i�rdnrFdu�ly or ro!lecqn�eh huve a mca�riat ufi�rrsr impa�t upo� _
<br /> GMACs saauity,the v�ire of the Praperry or the Property's cTar�use _.r
<br /> .. . Eaafi of rc4 gives a gorer�d�varrmrry af title to GMAC Thls memas th�ead�of tcs K•i!!be fuliy responssb/e for rary•losses , ,'t;=T=
<br /> : whtcli GMAC ss�ffers bemrse mryone brrt us lras rigfmr in the Prape►s}+ather t/rrm Pemutted ll�x We prmt�Fse t/ua«•e«•i!!defend ,. ,"�.,YY._`.,.�
<br /> � our mvaership of the PraQeRY���Y��of sudi riglrb � "�--=Y-.�
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<br /> We will ne�ther trrke nor permit mry aclion to pu�titlon,srtbd�vtde ar dumge the con�tion of title to alt or�my part of tfre :u .�
<br /> ' ' - Praperty. We�vill not�end iary Pertnitted I3en wOhora GMACs prior wr�ot conserd �r ,� '�a-"-
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<br /> We underat�md t/r�GMAC may,rarder ce#ai»circ�mu7mues sd foNi in the Agreem�ce+�el rJs obGg�ian tn m�se fraure �-- � - ��`_
<br /> . : � e the tem�s af the qgreeme� : �.,:��.
<br /> advmrces mrd/or reqidre repayrt�ort�anc+e of Ure Tai�d Balmrce Or2stmrdiiig• GMAC may chanS � �_�_.-.:
<br /> �.+ as ravided in the Agreemar�witho�d impruring its rights rmder this Aeed of � .�`�:`..--
<br /> . f'� i lnufudnrg terms rel�i'utg to FWANCE CHARGFS, p ��'": �=;;�".
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<br /> � Under tlie Agreeiue�FINANCE CHARGFS are based an tlie'�rime r�e"published in 7Yre Wall Stre�Joumal ar in ce►ta�n ��,
<br /> � ciccr�stmrces tlre'�rhne r�e"pubGs/red fn Zhe New Yark TTmcv or a slmtlar index seleded by GMAC 77re r�e of F[NANCE . -�,�;�,�
<br /> . � . •_;::; CHARGES d�Ses on a d�ly 6asis as the Lrdex ar the�a[tocmi or0simr�firg rarder the Agreem�iacreasrs or decre�aes We ',•ri��.;
<br /> • " rmdersTand tlr�Barrawer w711 aat rec+eivecdvmrc+enotice of suah drmrges .I;��`-=.:
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<br /> � ' � We�greewitli GMAC as fallows �_ '. - ����
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<br /> _ . .. . _ when due ail sums owed GMAC under the Cre�t Docrmi� �3"�'•"
<br /> _ l."Ij1V1IIN PAYMII�IC Basrotver sh�!pay . --c=�•--
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<br /> ' . 2.APPLIC.�I�iOF PAYNI�TP3 AUpayrtte�us sh�l be app[ie�l by GMAC as se1 forlh In the qgreetnott � � ''; :;�;'�--
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<br /> ' . • 3.N���I�OF�'D60F'IRIbT.CHAI�SGLm� Wesludlmrdcepaym�swhatduearrJperforma!lour . ��.;
<br /> .: '';;..' ob/lg�lons c�rder mry morlg��deed oflrust or other seer�tity argreement on the Properry. . �..,
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<br /> ' • . ' . � fLres.im ositions mld ra�s of mry kirrd '�'.,�'�'' •
<br /> �,,:. We slra!!pay or emrse to be paid whe�due all lo�aav,t�eces,acs�c1��Ses, P .' �sn.
<br /> . �. . � � relanng to t/te PrvP�Y P'Asse.ssme�rts"). Reaeipts evidend�g sud�poymeids shull be delivered to GMAC��pon its rec{uest Except , ' . ;..•�. '`
<br /> ' � for Pem�itted Lte�rs,we s/t�!nat aflow mry encumbr�.s�drarge ar lloi on 111e PraFecty to become prior to tlils Deed of Trrc� �...�. .
<br /> � 4.4�AZARiD Il�UItAI�ICE;CONDIIVINA'IIOI�I , ' , ' ';�:`.
<br /> . ' ' ' � (o)We��our cos�ke�a!l Jmproveme�rts on tlee Prapertr:u�aed��rst lass aruse0 by lr�uards fircluded in ' • •
<br /> � the tertn"extmded cm er�e"m by other h�uatdv GMAC may teasotmb(y+speciii. Kraard ln.u�rmrce sha!!be ia�ot umomr!equat to . .. ,
<br /> • • '� tlie lesser af(!)the frdt reptac¢:n�a+�of the brrlliGng th�ts pan af tfie Properry or!'d1 the amowrt of t/tls Deed af Trwt$l�cs the r,: . '
<br /> taid mnorott of all Pertnitled l�acs;bus vrever less thm�Ore amormt necessary to s�isfy mry coinsurrmce rc�qrdrement coat�re�us the . .
<br /> . instrtmrce poUcy. .. .. •
<br /> • Al!Lasramrce policzes uad renewals mr�s7 be ls farm aeaeptable to GMAC rord mrctit indude u stcmdutd mortgagee dause in '� . •
<br /> favor of GMAG GMAC slrall km+e die right to hold Q:e polldes mid rate�vat�subject to tlie tennv of mry Pertnitted i.lens If we
<br /> pay t/ie pre�nlm��v directly,tve shall pravlde GMAC wilh al!renewa!r.aticev mtd+f requesied by GMAC.al!reccdpts for prendrmu
<br /> if palides mrd re�rc�v�s are lre�d by ary o�+�'p�on,�ve slral!ar�pph av�ies vf them to GMAC«•Ulii»to+crrlendm days after Qiey
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<br /> • � � . 1��ke rve�rt of loss,we shatl give prampt aotice to dle Luurmrae ca.,pmry wurA GMAG GMAC muy file a proof of loss if we ,
<br /> � j fait to do so promptfy. f � .
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