|
.f . rY`� . . i� " �4. .�.1, d't .(�1T�. 7. t .�'
<br /> ....�"��.�.-:r'�- _ ' ' - '
<br /> . _ .."_ _._ . . ._ _ '"�-. _ .._.. _ ___ . ___._ __ ________ _______ -_ _' ...,.-_ _ - _
<br /> . � . :Y.`
<br /> '
<br /> . . .. . � . . '-: . . ..
<br /> .. .- . .i .. �. �. . . '_ -s • -��
<br /> . .
<br /> .
<br /> . .,
<br />'. . � `-. i :. -. f-�. . . - t
<br /> , ' ' ..- . �. - , t . . _
<br /> . � . �. .• _.... . ...._ _ (._ .' -.C .. '� _. . , _. . . .. . _ . .. _ t . .. - _. _. , _ . ..l¢� _ t ..
<br /> � k
<br /> •. � :
<br /> ^ - ..!
<br /> . -. .. . � ` . .
<br /> , _ .. ' ; ,-'. ' - .v • '. ',', � ..: ' , - � , .• ' ' �l:e t(`
<br />. .. ` „ . e {-` • _ ,_ � _ :t . � _ ' ' ��. _
<br /> -.. ' . . � ` . ( . . c`.`.. . ` ^.. ( .� . . �, .. _ .� . `�� .` ` , . .. � .`� � . (., ��,} f c,G •
<br /> . � t� �.
<br /> . . .� ... � . � , r �. � . � ,`� . . . . . , ... _-_'"_ =.__r., Y .. �. ` . -,� . '�-� •s� c. . .
<br />; ,c. . ` . ' - - � [ " • . . � . - . . . , .. . � � . . �. • . . � . � ' . ` - ' . . r ' . �:- .
<br />- .. . . . . . . � .. . ...."__" `'_"____1_ ��__....____ - �.�.._ - .._�___ � - - _ . '� . � ..
<br />. � • , ' � �( - � � ,
<br /> - •- ' <, ` - � ' �� �. .
<br />. , '_' - ` . .. C .
<br /> � ' .-� . .. i _ . _. �
<br /> , ' ` _�:� 9�° ,�9��� . , '
<br /> ` ,- • '7. US�OF PROPE�tTY. UNess required bY aPPlicablc Iaw or uniess I.ender has otherwise agreed'm - _ •r`
<br /> �: � . •.
<br /> . '-- writing.8flsrov�er sLall aot allow c�ges in the use for whicls all or nay part of tHe Property was intended az the �,_ � :``.
<br /> ' � time this Inst�ument was executed. Borrower shari nat snbdivide the Pcoperty or iairiate or acqniesce in a change ---'=T-� `{•—.,.-
<br /> ,. ',
<br /> � in the zoaiag classification of the Pmpeny withouc Ixnder's prior wriuea oonseat. Except as may be shown on '..:.: ..�':`°; ., , .
<br /> the TNe Policy(i)Bonower shall nob by act oz omission.P��Y PmF�Y which is not subjecx to t6is , ° =. ,
<br /> - ' iasuument to rely on the Pmperty or any part thereof or�y mierest tlt�reiu to fn1A1 a�r govemmeatal - , . :
<br /> - . - ` requirement far tbe euseence or nse of sach P�P�Y•and(ri)the Properry shaA not rely on at►y pmperty arhich � . ,°f v:�'.
<br /> t. . .
<br /> is noi sabje�t W this InsWm�L in fulfill an7/gov�me•±-*,�[eqattement foT the e�3s�e or use of the Property. t' • -_Y-
<br />' ; .. Bonower sha11 aot by act or omission m�pair the iategriry of the Praperty as a smgte separate snbdivided zaning '�'�- ;;-�,._�� -
<br /> - • lot separa�e and apart from ali other lou. ; - °
<br /> _ ' . rA�.-�.'__
<br />-,' ° 8. PROTECIZON OF LEDIDER'S SEC[JIiITY. If Borrower fa�s w perform the covenanu aad : `"
<br /> - . - ' � agreements contained in this Iastrument,or if aay aqion or pmceeding is commenced wluch affects the Ptoperty �; , ---:
<br /> - ` • ` or title thereto or the int�est of I.ender thereiu,iactudmg,6�u not limited to,eminent damain.insolveacy.code , ''%�
<br />- ,---r � - - .._ enforcemgnt,or arrangements or pmccediags imrolving a baakrupi or d�dent,then Leuder at Lender's opuon . : _--
<br />- ` �` may make svc�appearaaces,disburse such sums and take such acaon as Lender deems nec�+.m its sote � _ '�=�
<br /> ,r � discretion,w pmtect Lender's ir�erest,includiag,bnt not limited w,(7 disbutsement of suomey's fces,f�� ="
<br /> <r•_ ., upoa the pmpeny to make repaus.Crii)Pmauement of satisfacwry;,,�,*g�^°a4 provided ia p�sagreph 5 hemof. __
<br /> r
<br />- �' ' ' (iv)if this Ins�ment is on s lease6otd.exencise of aay opdaa to renew or extend the�round lease on behalf of y- ���
<br />:���� s�� Bonower and the ciuing of anq defavlt of Borrower m the terms aad conditioas of the groicad�ease.and(v)the � ,� �a�'����'�`
<br /> _ � , payiae0nt of any taxes and/or assessmcuts Ievied against the Propaty aad tLen�e and payable. _� ,_._ ��"�T
<br /> . . :,-_-=
<br /> • , , •,.}�-
<br /> ' :; Any amounts disbursed by I.ender pnrsuant w this para�sph 8.with interest thereon,shall become , '�
<br /> .,•�� . : ; addidonal indebteduess of Boizower sec�ued by dvs �m � Qnless Bonower and I�ender agree to other ` �� ,�� ;i;:�;°
<br /> � � terms of paymeut,sach amouats shall be*�+m�+arply due and payable aad shall bear Iaterest from the date of ... —
<br /> '�� �' `" disbursemeat at the rate statcd in the Note un�ess collectioa from Borrower of intetest ai sach rate wonld be � ��,'�..
<br /> =,.F:_.
<br /> . .. wauary to applicable law,in which event such amounts shall bear interest at the highest rate wluch may be � . " :., �,�
<br /> ' .. . ooII�from Borrower tmder applicable law. Borrower hereby covenants and a�that I.ender s6all be ��f��
<br /> . . subrogated to the tien of aay mortgage or other lien discharged,in whole o:in part,by the indebiedness secnred • • ,�-�
<br /> � Lereby. Nothing wntained in this paragraph 8 shaU require I�eader w incur a�+expense or take any acdon . ;��
<br /> _ ' . '4 hereundes. .,, -�;�°
<br /> . •.;' �.. .
<br /> . - . . .�;t:-�
<br /> � '..S . a.'....
<br /> . - ..j . � n�'��f
<br /> � �..- 9. INSPECIYON. Lender may make or cause w be made reasonable entries upon and inspections of the . '��'
<br /> , Propetty including,but not fimited to.Pbase I aad/or phase II eavironmeatal audits and inspectioas which phase � . `�;�;,
<br /> . II inspecdons will not�mreasonably dispub Borrower's use of the Propeny. :.. •;_�
<br />_ . . '�'�,�
<br /> . 10. BOOHS AtvD RECORDS. Boaower shall keep and maintain at all dmea at Boirower's address stated --
<br /> � . � below,or such other place as Lender may approve in wciriag.compteoe and accurate books of accounts aad � • , " '
<br /> � . ��. reco:ds adeqaate to reflect conectly the results of the operndon ofthe propc7ty and copies of ari written contracts. . . . :.----
<br /> .. . ,. � leases and other iasaumeats which affect the Property. Such booYs. �ecords, contracts, leases and other . . . ,
<br /> ��� instr�ments shaU be subject to exammadon and inspection at any reasonable time by Lender. Upon Leader's �' '
<br /> ���:� � request,Boaower shall fiunish w Lender.within Wirty(30)daqs after the end of each three month quartcr of .,
<br /> � • each fiscal year of Borrower,a balance sheet,a statement of�come and eapeases of the Propeny and a statement �
<br /> - ' ,;��� of changes in fmancial posidon,each ia reasonab2e detail and ceriified by Bar�wer and,if Lender shall require, � . : . :
<br /> . � � by aa independent certified public accountant. Borrower shall turnish,together with the foregofag flaancial ;, �
<br /> ' �r statements aad at any other dme upon Lender's request.a reut schedule for the Pcoperty.certified by Boaower, . -. • �
<br /> . showing the name of each tenant.and for each tenant,the space occupied,identify those Mobi2e Homea whleh _
<br /> ' are owned aad leased by Borrower or owner occupied the lease enpiration date.We rent payabte and the rent ' ' � '
<br />" " . yaid. In addition to the above delivery of flnaaclal statements and rent scheduIe,Borrower shall dellver to Lender • � . � �
<br /> . ; � updated versIoas of such fmancial statements at any other time upon Lender's request,iacludiag monthly balance .' . '
<br /> . I u�mu,mu�nnaarn,m.�m��Qw..saem�n�a�m��•�a taaeaN�a� ,
<br /> . . _ . , RuD�b�tNt�aa7EV�a:('evn0lYmd:N�,Anfto . . .
<br /> . • � '
<br /> i
<br /> • �
<br /> � •
<br /> ' ' y . .
<br /> .. } • � . . . • ' .� . ' .
<br /> ,.� . • . ' ,. v--r! — --
<br /> . . . . . ._t_ . i� , .. .t .. +,. .,. .. .;... i ::t,�� ..Zn_
<br /> .�y�', i"I u�'�� 7
<br /> .:r. _ . . , . . ... . ' ". ' • • . . . .. , .. ,. � . � . . . `•,•^'t:..� .. _. .... . . < <. .. ..t. . . . .. ,�...
<br />
|