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. ,i� . ... .. _.-.. . i:� - . ..._.._-= -__ __��.. � i " - . L. .._.......�..... . . .�:�__ .. �. _ � . . r �w.i..e. - . . - ". . . . .. _ _. ... . _ __ ., rY.��fri�. _ ...-_.. -s��fi�iial��' i.Mik'J�li�,+t�'.YE�'y��vt.�-1... ' . . .� - . . _'_'_'_"__ '" �a'Ih;:i._ .1�. �_ .. ...�. _ taWd�r,.i•.�..�.u. ..- .. ..__.._ .. __' __- . _ .�..-r�...�.�I.ru...�.i' "-_��i'I.Y" �Sl�.r.��p f_.-..� — Z7y�,�(��r�'j-�r ��ar-a�aasu'u:cs�naa�n ._..v__ - _�IY�7Y4�TfIR�Sfi�tl��f __.,.^._-_�_ - �a6a�ri1w��1�a `F -`d IS _. This Deed �f Trus� shnll seaure: �7+10�� (a) T�e payment of the prinaipal. eum and int eet evideaaed by HorrowerQe Conetruation Line Uf Credit OrAw Note dated October 29 , 19 97 , havi�ng a �.t„r�t j► �a,tA oi' n�roher 29. 1498 .�n the oriqinal . prinaipal amount o'�n�t Thousana and No �oo-------Dollars (S 20,000.00 � , and any an a mc� aat ona, extenaions an renewa s thereof or thereto and any and all future ac�vanaee and reddvaaaee hereunder pursuant to one ox more promiesory notee or credit �qreemen�a (herein _ called "Note")i tb) The payment of other sums aclvr�naed by Leader = to proteot the seouri�y of the Notet (c) The performance of all oovenanta and aqree- menta of Sorrower aet forth hereinj and (d) All indebtednees and obligatione of Horrower to Lendex whether direct, iadireot, abaolute or oon- tingent and whether arieinq by note, guaxanty, over- draft or otherwise advanaed for the puxpose of making improvemetita to the real estate hereinabove deacribed. The Note, and any and all other documents that aecure the Note or otherwise executed in connection therewith, including, without limitation, quarantees, security agreements and aseignmenta of leases and rents, ahall be re�erred to herein as the "Lonn inetrumente." Horrower, to proteat the security of this Deed of Truet, covenants andragrees with Lender as follows: 1. Pa ent of Yrinci al and Interest. Borrower shall promptly pay whera due the pr nc pal of and ntereat on, and any fees or charqes provided in, the Note or in this Deed oF Trust. 2. Title. Borrower ie t2ie owner of the Property and has the riqht a�uthority to convey the Property. 3. Taxes Aesessmeate. Exaept when they ars con- tested in good a�3t�a,to pay wFen due all taxes, apecial assess- men�s and all other charges against the Property �and, upon written demand by Lender, to pay to Lender sucsh amount as may be eufficient to enable the Lender to pay auah taxes, assesements ar other charges ae they become due. 4. Ineurance. At the beginning of construation or renovation of u 1 ng, to keep the Property insured against damaqe by fir�, hazarde ineluded within the term °all risk coverage", and such other hazards as Lender may require, in amounts and with companiea acceptable to Lender, includinq a standard mortgaqee clause with loas payable to the Lender. In case of los s under euch poliaies, the Lender is authorized to adjust, aollact and aompromise all claims thereunder and shal]. have the option of applying all or part of the insurance proceeds (i) to any indebtadness secured hereby and in such order as Zender may determine, (ii) to the Borrower to be used for the - repair or restoration of the Property or (iii) for any other - purpose or ohj ect s�tisfactory to Lender wi�hout affecting the lien of this Deed of Truet for the full amount secured hereby before such payment ever took plaae. Any application of proceeds to indebtednes s shall not extend or postpone the due date of any � navmente under the Note, or aure any default thereuader or here- — under. � 5. Maintenance Re airs and Com liance with Laws. � Iiorrower ahall eep t e Property n goo con i� an an repa r� � ehall promptly repair or replace any improve�ment which may be ; damaged or deatroyedj shall not commit or permit an�► waate or .; deterioration of the pzopertyj shall not remove, demoligh or aubatantially alter any of the improvements on the Propertyj ahall not comm it, suffer or permit any act to be done in or upon -2- I .._ _W_�. _ -------�--- ----- _ . �_�..+,.a_�_. _ _. _ ..._ �_ .��:'..!.'_ .._..-'A..VL _. . . _�1..•_..r.a�e..f.w�a, .