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<br /> The proporty and the entire a�tate and Lntsra�t aonveyed to the Truetee are �°� ;-.,..
<br /> referred ta collectively as the "Trus� Estet�". � "'"-_
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<br /> L.���--
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<br /> FOA THE PURPOSE OF 9ECURIN(lt '
<br /> a. Payment of indebtedne�• in th� total principal nmount of $76,500.00, �'�`f`�
<br /> . with intereat thereon, as evideneed by that certain Promieeory Note of ev�an date r',`'-'
<br /> : (ths "Nots") with a maturity dats of t,ugust 5, 2012, executed by Tru�tore, which __-_
<br /> " hae been d�livered and is payabls to th� ord�r o! B�n�ticiary, and which by thio ----
<br /> x referenw i■ hereby made a part hereof, and any and all modilication�, exteneione ;,� � -
<br /> � -.-
<br /> ..�^'"'� � and renawals thareof, and, ��
<br /> ..� � � —
<br /> � b. Payment of all eume advanced by Deneficiary to protect the Truet =__-__.
<br /> E etate, with interest thereon at the rate of aixt een (16s) percent per anaum.
<br /> ¢ Thi■ Deed oP Truet, the Note, and any other instrument given to evidence
<br /> or f�irther �ecure the payment and performanae oi any obligatioa gecured hereby
<br /> are referred to collectively na the "Laan Inetruments".
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<br /> , ,� TO PROTECT 1'HE SECURITY OF THIS DEED OF TRUST: —"i
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<br /> �� 1. �(MENT oF INDESTEDNESS. Trustors shall pay when due the priacipal of, _.-- -
<br /> _ � and the interest on, the indebtedneee evidenced by the Note, chargea, feee and ���;:
<br /> , , all other sums ae provided in the Loan Inetrument e. ��=�
<br /> " 2. REt►L ESTATE TAXES. Truetora ehall pay the annual real eetate taxee to
<br /> the Hall County Treaeurer. before the taxee becoma delinquent and shall furnieh
<br /> tax receipte to Seneficiary on or before May 1 and september 1 each year. In the
<br /> � �-� event that special aeseaemente are levied aqainst the property, the Trustora
<br /> shall make the annual payments before the same become delinquent and provide
<br /> ��`' 8en�aficiary with a receipt for payment.
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<br /> ' 3. SNSUR)►NCE AND REP71IR8. Upoa c7.os ing, Truetors ehall provide
<br /> , Seneficiary with a Certificate of ineurance ehowing the building or buildings on
<br /> the premiser to be ineured for fire and extended coveraqe in an amount of at
<br /> - '`� least $ �� Truetore ehall pay the premiume for maintaininq euah
<br /> _�s,;.��; policy and s a p�rov c�e Beneficiary with evidence of insuraace premium paymente
<br />- each year. Such ineurance policy ehall contain a standard mortqage clauee in
<br /> _ '`�� favor of Beneficiary and ahall not be cancelable, terminable, or modifiable
<br /> y,-��,��;...� without thirty (30) daye prior written notice to Beneficiary. Trustore ehall
<br />_,4 : :, promptly repair, maintain and replace the Truet Eetate or any part thereof e4
<br />� ;..�::r� that, except for ordinary wear and tear, the Truet Eetate ehall not deteriorate.
<br />�"i-��':`' � �-� In no event shall the Truotors commit waste on or to the Truet Eetate.
<br />_=!<^. 'f }ti;..
<br /> � �` r�` in addition to caeualty ineurance, Truetore ehall provide and pay tha
<br /> '''"'� premiume on compreheneive general liability ineurance coverinq the premised and
<br /> 1J�� �. ;Y.• protecting the Beneficiary and Truetore from all claime, demaade, lawsuite, and
<br /> �,:,_,,�,,. -�. judgmento arising out of injury to peraone or damage to property occurring on
<br />��r;;;' *•_'� aach property. Tho coverage shall be fn an amount of at leas� $500,000.00 �inqle
<br /> li�;,;;;�'�!• limit, $1,000,000 aggregate for bodily injury and property damage. The lisbilfty
<br />;;��"�� ineurance and caeualty ineurance may be procured in a eingle policy or may be
<br />�,^a=�;..:�., � obtained in aeparate policiee. In any event, euch policy or policie■ ehall name
<br /> '�'ti�°ti"";•' ';i Beneficiary ae an additional insured, and Senefic iary ehall be provided with a
<br />=-�.%�:;'�'�:. ' Certificate af iaguranco or duplicate copy containing a thirty (30) day
<br />=z ;.y;,,,,. ' cancellation aotice to Bene�iciary, ehowing the ineurnnce to be in full force and
<br /> -i4;�,,��i;�. -^ eifect at all timoa duriag the term of thie Deed of Truet.
<br />-:,:.a�r6;i^.....
<br /> •�_�r,::' 4. l�CTIONS l,FFECT NG TRUST ESTATE. Truetore ehnll appear in a►nd contest
<br />__�;�;,� any action or proceedinq purportinq to affect the security hereof or the riqhts
<br />- -�---� or powers o� Seneficiary or Trustee, and shall pay all costs and expenee�, -
<br />�"�'' "`�� including coat of evidence of title and attorney'e feee, in any such action or _
<br /> ��"�� . proceeding in which Seneficinry or Truetee may appear. Should Truetor� fail to =-
<br />_�,'.�` ��� make any payment or to do any act ae and in the manner provided in any of the �:
<br /> : ' Loaa Instrumentie, Beneficiary and/or Trustee, dach in ita own discretion, without �_=
<br /> • obliqation, may make or do the eame in such manne r and to such extent ae either �_`
<br />_ • - �p may deem necesenry to protect the security hereof. Truetore ehall, immediately
<br /> �i upon demand therefor by Heneficiary, pay all coeta and expeneee incurred by ��
<br />--- Seneficiary in connection with the exercise by Henoficiary of the foregoinq '�;n:
<br /> �' rights, includinq, without limitation, coete of evidence of title, court coete, '._,��
<br /> � appraisale, surveye and attornoy's fees. �,ny ouc h costa and expeneea not paid --
<br />:. ; within ten (10) daye of written demand ehall draw intereet at the default rate .-_
<br /> . ;. provided in the Note. '`
<br />- ; 5. EHINENT DOAlAIN. Should the Truet Estate, or any part thereof or =*'��'=
<br /> �• intereet therein, be taken or damaged by reason of any public improvement or ''
<br />_ � condemnation nroceedina, or in anv other mannar includinQ deed in lieu of ' _
<br /> _ _ - - - - -- �_.
<br /> Condemnation ("Condemnation"), or should Truetor s receive dny notice or other
<br /> _ informetion regarding euch proceedinq, Truetoreshall give prompt written notice
<br /> thereof to Beneficiary. Beneficiary ehall be ent itled to all compensation and
<br /> condQmnation awards and other payments or reli�f t herefor, and �shall be entitled
<br /> to make any compromise or Bettlement in connection with euch taking or damage.
<br /> All �uch comp�nsation and condemnation, award�, damageo, rights of sction nnd
<br /> � proca�d� award�d to Trustors (the "Proceads°) nre hereby neeigned to eeneficiaryr
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