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<br /> ,-' that caa create liens oa aay portion of the Prnperty,(c)aaY misaPPlic�tioa of(1) �•:``� , ``.Q�;
<br /> r��: materials or other charges or of the sale or condemaation of aay .
<br /> � . . proceeds of insurance oavering anY Portion ot'the PropertY. fri?P� received bg or on behatf of "_ .
<br /> . �. ; portion of the PropertY. (d)aaY renra3s• incame, profes. i�s and Frad��s �-- .`-:°,,.':
<br /> . . Bonower subsequent to the date on which lxader 8ives wriaea notice that a defanit has occurred ander the Lflan �', 'W ,
<br /> - , ' and not applied w die payasent of gtiacipal or intecesc dne under the Note or the payment of operatinS expenses .. ^ I`•� c
<br />'t =� • • ' f (e x c t u d i a g a a Y o Pe�r�g•��s or deveWper's fee paid to Bonuwer or azry affiliate of�a�ower)of the .r_ .
<br /> �tn maintain,repair or ieswre the Properiy m acco r d a�e a ri t h aay L o a a D o c a m e n t ro '.�.
<br /> '� ' �'oF�Y,te)�Y ..
<br /> � � � ' the exuent uat cavered by�praceeds made ava�able tn I�nder.(�anY�ue dY Bormwer w deiivec =�_.
<br /> aid by tena�s of the ProPer�►receiv�by or on '''�".:•
<br /> ,. ` � w Lender all uneamed advance reataLs aad securuY d�o�P falnre by Bormarer w remrn tn. . • .�',��` 4` -
<br /> behalf of Borrower,and not refimded w or forfeited bY such t�a�.(S)�3+ ., -' '"`" � ;
<br /> " � � or reimburse I.en+dec for, all personaIty taken firom the Propertq bY or on behatf of Borrower, excePt m . --
<br />- . , accordance with the provisions of this Iastrument,and N)�Y�ali inde�ities givea by Bonower w I�ade� _ _ - -
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<br /> ` set for[h m the Unsecured Eavimnm�l��tY aS�O1�other Loaa Do�maent m conaearon with
<br /> . , r � anyr envuonnnental matter relatiaS to the Pcoperry:and(2)court costs and alt attomeys'fees pmvided for ia auy • --
<br /> - � Loan Dacament. Furtheffiore.no limitation of IiabilitY or recotuse provided abnve in this paragraph sha11 �° ;�. . ._
<br /> . consamte a waiver,forfeitare,abrogation or limitation of or on a�r right accorded bY aaY law establishmg a - .- . ;•�_
<br /> � � � debtor relief pm�g,incJudin�,but not limited w.T'ule 11,U.S.Code,wlnic]�riP�t P�vides for the asseruoa . , �-�
<br /> ofcoltatc�alnotwitbstaadinS ' _�
<br /> arism b reasonoftheinsufficiency -.�� -_-
<br /> , � iasuchdebwrnliefproceedingofadeficiency � Y � • `'v,-
<br /> ; � aa ag�emeac of the l.ender not to assen such deficiency. �.."�!T
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<br /> . . ._._ �.:' 35. 1dEP]RF.�iTATIONS OF BORAOWElt. 7lie Horrawer hereby iepresents and warcants to L�der ,,�,l;j,�
<br /> .' • . - the follawiag: :;.;�
<br /> �� .; �,�.,_,
<br /> � ` � wa�idly existing mnd'm gaod standing under the laws _ -._----
<br /> . (a) Bonower is a tim;re�l oarmec�hip duly orgapized, or co�lated for the . < ,-:�_'�'
<br /> , , of the Stase of Co2ora o. 'Ihere are no praa�diags or actions pending,th�eatened �,;�,W---
<br /> liquidation,te�ination or dissohuioa of Borrawer. -_--
<br /> ;: �; �.,.
<br /> . '�:� -
<br /> ' . (b) fixcept for a lease for lauadry fac'slities,no person or entitq ha�s any 1�eho2d����� . . �.,,��=
<br /> " tin the right to use or occuPY�3+Ponion uf,the PropertY ce� �'`'-
<br /> ' lease or other agreeme�8ran g '' � � =�'=
<br /> j� the leases(the"Leases">13sted in the rent mll(the"Reat Ro11")Provided by Borrower to ixnder ia co�on . _
<br /> ..-:. . - -- aith the ctosmg of the Loan;the leases expire on the respecave dates shown ia the Rem Roll;no renial in excess .: :.,. :.i;,n=
<br /> re,p
<br /> : of one month's reat has been prepaid uader aay of the Leases:the amount of the security deposit,if anp,held . ,.•,..� .�_:
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<br /> � . . ` � .. by Borrower uader eacb of the Leases is as shown in the Rent Roll�each of the Leases is valid and binding on . '.„��-.
<br /> . the parties therew in accordance with its terca4;the execudon of this lasuament wlU not coasdwte aa event of -=
<br /> � � , default�e landlo d all of�dae�obligations of�landl�o d P yursaaut ta t�he Leases have been perfotmed;aad all . _
<br /> . aga�nst :
<br /> �� � tenants are current Ia the payment of rent eacept as shown on the Rent Roll. . . . �
<br /> �•
<br /> . (�) Except as specifrcallY listed in the schedule of eacepttons w coverage m the tit2e policy insariag � , ..;:
<br /> •,,�%• .' Lender's iaterest in the Propecry.Bonower is now in possession of the PropertY;Bomower's possession of the :`_,.,__...�.
<br /> ,,.
<br /> property is peaceable and undisnubed;Borrower does not imow any facts by reason af�hich auy ctaim w ihe
<br /> . � property,or aay part thereof,miP,ht arise or be set up advetse to Bosrower:and the ProPertY is free a�d c1�
<br /> •� of(i)any lien for taaes(except real properry taxes not yet due and payab2e for the ca�endar yeai in a+hicb tLis .
<br /> '.
<br /> . . lnsuument is being eaecuted),and(ii)anY easemenrs.rights-of-way,restrictions.ensumbrances.liens or other . �. . .
<br /> , .� eaceptions to dde by mortgage.decree.jud�nent.agreement,insorume^• or.to the tmowledge of Borrower, � ,: t
<br /> . . � � proceeding ia any court. ' �,t�;;
<br />� . � .�`-�f::,� .
<br /> . ? .' (d) All charges for iabor. materlals or other work of any kiad fumished in conn�i°n with the .. , ..
<br /> ' � ' construction,improvement,renovation or rehabilitadon of the Property or any portion thereof have 6een paid
<br /> � � � � in fiill,and no unreleased affidavit claiming a lien a g a i n st t he P r op e r t y,o r a n y p o r@ o n t h e r e o f.f o s t h e s u p p l y l�►S � '
<br /> • � of labor. materials or services for the conswcdon of improvements on ihe Property has been execute�or , • . .
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