My WebLink
|
Help
|
About
|
Sign Out
Browse
201901869
LFImages
>
Deeds
>
Deeds By Year
>
2019
>
201901869
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/1/2019 4:04:49 PM
Creation date
4/1/2019 4:04:48 PM
Metadata
Fields
Template:
DEEDS
Inst Number
201901869
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
6
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
• 201901869 <br />interests are hereby released and waived; all of which, including replacements and additions <br />thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust <br />and all of the foregoing being referred to herein as the "Property". <br />This Deed of Trust secures the total sum of One Million Five Hundred Seventy -Eight <br />Thousand Twenty -Two and 30/100 Dollars ($1,578,022.30) (hereinafter referred to as "Debt") as <br />evidenced by Borrower's Promissory Note dated February 28, 2019 (herein called "Note"), <br />which has a stated maturity date of May 1, 2039. This Debt shall include any and all modi- <br />fications, extensions, and renewals thereof or thereto, and any and all future advances and re - <br />advances to Borrower (or any of them if more than one) hereunder pursuant to one or more <br />promissory notes or credit agreements. <br />This Deed of Trust secures to Lender: (i) the Debt evidenced by said Note; (ii) the <br />payment of all other sums, with interest, advanced under the provisions hereafter to protect the <br />security; and (iii) the performance of Borrower's covenants and agreements. <br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal <br />power and lawful authority to convey the same and warrants and will defend title to the real <br />estate against the lawful claims of all persons. <br />BORROWER AND LENDER AGREE AS FOLLOWS: <br />1. Borrower shall pay when due the principal and interest as provided in said Note. <br />2. All payments received by Lender shall be first applied to advances that may have been <br />made by Lender, and then to interest due, and last to principal due. <br />3. Borrower shall pay all general real estate taxes and special assessments against the <br />Property before the same become delinquent. <br />4. Borrower shall keep the improvements on said Property insured for their insurable <br />value against loss by fire and hazards included with the term "extended coverage", and policies <br />for the same shall include a standard mortgage clause showing Lender herein. In event of loss, <br />Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be <br />applied to restoration or repair of the Property damaged, unless both parties agree otherwise, <br />except if restoration or repair is not economically feasible or if Lender's security is not lessened; <br />otherwise, said proceeds shall be paid on the Debt herein, whether or not then due. <br />Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from <br />insurance shall not extend or postpone the due date of the annual payments provided in said <br />Note, or change the amount of the payments. <br />5. Borrower shall keep the Property in good condition and repair; shall promptly repair <br />or replace any improvement that may be damaged or destroyed; shall not commit or permit any <br />waste or deterioration of the real estate described hereinabove; shall not remove, demolish, or <br />substantially alter any of the improvements on the Property; shall not commit, suffer, or permit <br />any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and <br />Page 3 of 6 <br />
The URL can be used to link to this page
Your browser does not support the video tag.