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98112833
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Last modified
3/13/2012 11:12:11 AM
Creation date
10/19/2005 9:01:12 PM
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DEEDS
Inst Number
98112833
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� _ «5'?^�"' :f'a"-'°Y��` 'y. ."Tt�i"7tiTN'x _-.-._ .....e_.. <br /> a�w.w�...��.. .— ----- -- <br /> � � . 98- isze33 <br /> oaid Lots 1 and 2 ot en3d Bloak 8, a distanae o�' 70 feet, <br /> th9nce easterly, para11e1 to the Southerly line of said <br /> L•ot 2, elack 8, a diatance of 140 �eet to the Baskerly <br /> lin� of eaid Lot 2, Hlock 8, ta a pc�int 10 Eeet North o� <br /> the Southeast aorx�er of eaid Lot 2, Bloak �, thence <br /> I�ortherly along and upan the Basterly lizie of �aid �ots -- <br /> 2 and 1, Hloak 8, a distance of 52.08 �eet to the <br /> S�utherly right of way line of Highway #2, th�nc;e <br /> Northwesterly along the Southerly right of way line of <br /> eaid Highway #2, to a point which is 30 feet Northerly <br /> from the Southerly line of eaid Lot 1, Block S, th�nce <br /> continuing We�terly, 30 feet from the Southeriy lin� o� <br /> said Lot 3, Block 9 to the point of beginning. <br /> TOGBTHBR WITH all tlie improvemente now or hereafter erecCed on <br /> the property, including the reetaurant builda.ng, and all easemez�ta, <br /> rights, appurtenancea, rents, royalties, mineral, oil and gae <br /> righta and profite, water righte and stock and all fixt��res now or <br /> hereafter a part of the property. All replacements and additione <br /> ahall also be covered by this Secur�ty Inetrumen� . All of the <br /> foregoing ip referred to in thte Securit;r inetrument ae the <br /> "Praperty" . <br /> BORROWSRS COVBNANT that Borrowers are lawFully aeised of the <br /> estate hereby conveyed and have the right to grant and convey the <br /> Property and that the Property is un�ncumbered. Sellere sYzall hold <br /> Buyers hann].eas wa�th rega�d to any obligation of Lender under eaid <br /> Deed of Trust. Horrowere warran� and will defend generally the <br /> title to the Property against all cla�.ms and ciemande, eubject to <br />_ any encumbrances of record. <br /> COVBNANTS. Borrowere and Lenders covenant and ayre� as <br /> follows: <br /> 1. Payment of Principal and Interest; Prepayment and Late <br /> Charges. Harrowere shall promptly pay when due the priacipal of <br /> and intereat on the debt evidenced by the Nnte and any prepayment <br /> and late charg�a due under the Note. <br /> 2 . Charges; Liene. Borrowers ahall pay all rea7. estate taxes <br /> and assesgments attributable to the Property which may attain <br /> priority over thie SECUrity Instrument, and leasehold payments or <br /> ground rente, if any. <br /> Borrawers ehall promptly diecharge any lien wriich has <br /> priority over this Security instrument unlees Horrowers : (a) agxee <br /> in writing to the payment of the obligatinn aecured by the .lien in - <br /> a manner acceptable to Lendexs; (b) contest in good faith the lien <br /> by, or defend againet enforcement of Che lien in, legal proceedings <br /> which in the Lenders' opinion operate to prevent the enforcement of <br /> the lien or forfeiture of any part of the Property; or (c) s�cure <br /> �rom the holder oE the lien an agreement satiefactory to Lendere <br /> subordinating the lien to thie Secura.ty instrumen�. If Lenders <br /> determine that any part of the Property is subject to a li�n which <br /> may attain priority over tha.s Security Ir�strument, L'endere rnay give <br /> Borrowers a noGice identifying the lien. Borrawe•re shall eatipfy <br /> the lien 4x� take one or mo�e of th� actions eet forth above wixhin <br /> 10 days of the giving of notice. <br /> 3 . Hazard insuranc�. If rAC�u�xec� by Lenders, Horrowera �hall <br /> keep ��}x improvemente nqw exist��ig �r hereaf�ex ez�cted or� he <br /> _ Propex�y �.nsured againat ],pss by E�.re, hazarde includAd within �he <br />_ term "extended coverage" and any other hazards for which Lpnders <br />- xequire insu�ance. This inaurance aha11 be maintained in r.t,A <br />. amaunts and for the periods tha� Lenders require. The ineurance <br />� carrier p�aviding the i.neurance shall be chosen by Borrowers <br /> i subject to Lenders� approval which ehall not be unrea�onably <br /> � withheld. <br /> � 2 <br /> � - <br /> -__._..__ <br />
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