HSLD,
the question at hand is which applies? Are you at a clearance limit (as assigned during the hold: "Cleared to GHI VOR...", or do you expect to continue after the hold? Even if you expect to continue, it isn't explicitly stated so. If you are at a new clearance limit (which is a fix from which an approach begins), do you abide by section 3?
Personally, I think that (1)(iv) applies in this situation and would continue via the filed routing after reaching the EFC.