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<br /> _;.^.�'` altemarive.Borrower ma the oMi�ons�ssciued hec+ebyl in full erithin siuy(�ys afier demand theref by - • -' -_':.-:
<br /> .-- . .- . - - m pay svch taxes.F�J+ P� -- =` --�:.'.
<br /> � Lender. .. � '. . , ,
<br /> � {•`' `
<br /> . (� nnt e�ceaue or deliver aay dee�of tnut,mongage ur PledBe of any type coveriag all or any , _
<br /> � . � , � • portion of the Property; ---�. . :•
<br /> . �.:
<br /> ' ` .' . . (e) nnt acqaire anY�P�P�Y or as�ts(other thaa the Propertq)or operate aay busmess other ' �:�`. --
<br />-. than the management and operasioa of the Pmperty duriaS the term of the Loan: . r,� ` -
<br /> . , •;�,: -
<br /> _ � : . . � _ (� not permic anY drillin8 or exploraflon for os extracdon,removal or groducxion of any mineral, ; `,-�`.=
<br /> ,.. r..`'. '--
<br /> natural elemen�compound or substance from the surface or subsurface of the Property re8ardless of dte dept�
<br /> thereof or We methad of mining or e�araction thereof; ;,: , =M
<br /> $-
<br /> , , . �;_.
<br /> � , (g) not Ch2IIge its name,ide�tiry.saucnue or emploqer iden'tdiradoa n�ber d�riag the t��f ,- � _.>.:��";
<br /> �. �. .; . .- the Loan; . :#`��s•.
<br /> i
<br /> . (h) PaY an demand all reasonable and bona Sde out-of-pocket costs,fees aad expenses and oTher f=.�-�, ".�` ��
<br /> � ,. ;, reasoaable atto s'fees and e es, aid or incurred bq Lender '�,A;--
<br /> . ., expendiu�re.s,includ'u►ffi•but not limited to. meY xpens P Le :-�' =
<br /> , • . � w third parties incident to this Iustiumeat or any other Loan Document(includ'mg,but not limited w,�easonable ,, "-" .
<br />-. . ... a t t o.m e y s'fees aad e x genses inconnection witb the negotiatioa.preFaration aad execution hereof and of any other ... :.1_�`.
<br /> Loan Document aad aay amendment hereto or thereto. aay release hereof, aay consent,approval or waiver , f��.�_
<br /> .. . � hereunder or imder aay other Loan Dacument,the making of aay advance underthe Note.and any suit to whlch •. i';-�.-Y
<br /> -� �-•
<br /> Lender is a party involving this Insamment or the ProPertY)or incident to the enforc�ment of the oblig�ons !':�'
<br /> • " . ' sec�ued hereby or the exerc'sse of any right or remedy of Lender under anY 1-oaz►Doc�men�and ,. --__
<br /> _.;c?:
<br />� ' . � (i) complywithandmakeallpaymeatsrequired�mderalllaws.ord'mances,regulations,covenants. , •�a�,,
<br /> . conditions and resuictions now or hercafter affecting the Property or any patt thereof or the business os ihe � ,:`,� ,
<br /> . acavity conducted thereon including. without limitation. the filiag of any required prospecws and/or the _ .---
<br /> .. . . _ mainteaance of any licenses or permits.the payment of aay fees in coffiec6on the�cewith and comPliance with any ',�'.`
<br /> '� ' , and all other requirements necessary for the operarioa of the Property as a mobite home park or recreatlanal ° _• ��-_-
<br /> ,,, ,,� _
<br /> f velucte park or resort,if expressly permiued herein.and the Americans wtth Disabilides Act of 1990.as it may . ,�K_
<br />`. be amended from time to time. Bonawer furrher covenants.represents and wanaats that h shall aperate the :.,,;__:
<br />_� ' � �'oP�Y as a mob�e home park and.except as expressly permiued in this Insuument,shall not lease any of the .' •'��':
<br /> - �-_
<br /> • ,.,.—.
<br /> ' sites on the Froperry for use by recreadonal vehicles or automobile uailers or operate the Property as a ;��'�;_
<br /> , � • recreadonal velucle resort or park. ' • �W
<br /> • . _ ."A3;.
<br /> ' . � 37. IdESERVES. ..- .
<br /> � , (a) CMTI'AL IlViPROVEIV�NTS RESEItVE. . �
<br /> . � (i) Commencing on the fust day a moathly installment of principal and interest is due and � �
<br /> � � Boaower shall , ' . ,
<br /> •'. � Payable under the Note and continuing on the first catendar day of each calendar month therrafter. . . ,
<br /> � deliver to Lender,together aritb tlte regular installments of principal and intesest an amouat(a"CIR Paymeut°) .�',• ..1
<br /> equal w Eipiht Hundred Eiehtv 71uee and 33/100 Dollars($883.33). Eacb CIR Payment shaU be deeme�"Other
<br /> . . • � Impositions"and"Fnnds"as defiaed in par�sgrapH 2 of this Insnument. 77ie CIR Payments will be placed in .
<br /> imerest beariag deposits or accounts ia t1�e namc of Ixnder or Lender's toan servicer at the same financial
<br /> institudon(s)as the other Funds(the"Other Impositioas Account").shall be held ln accordaace with the terms : �� ,
<br /> � of parag�aph 2 of this Insawnen�and may be drawn on by Boaower for defened maintenance and�or ongoing �
<br /> . , capital improvement expenditures in co�ection with the Property. pursuanc ro the terms set forth below in � �
<br /> f snbparagraph 37(a)(ii). At l.ender's discredon,the CtR Payments may be increased to reflect aay increase ia �.
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