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<br />89�.- 104238-
<br />(a) The payment of the principal suns `and interest
<br />evidenced by Borrower's note and /or,'I�dredit agreement
<br />dated August 9 ,1939 , ha�•it^ a maturity date
<br />of Decembgr 5 199p , in the original principal
<br />amount of one Hundred Thousand arzd::no /100 Dollars ($100,000.00),
<br />and any and all modifications, extensions and renewals
<br />thereof or thereto and any and aill future advances and
<br />readvances hereunder pursuant to cam or more promissory
<br />notes or credit agreements therein called "Note"');
<br />(b) The payment of otbe sums advanced by Lender
<br />to patoteet the security of`. -'• i-v Note
<br />to.) ice perfornanca. of all covenants and
<br />agreements ;.of Borrower set fortis• hereint and
<br />ta) All indebtedness° and obligations of Borrower
<br />to Zindea�`" whether direct, *-n sect, absolute or
<br />contingent'_ " and whether .a3eising' by note, guaranty.
<br />overdraft. or otherwise.. -The Nate, and any and all other
<br />documents that eecwre the not*, or otherwise executed
<br />in connection therewith, inolo3irt ", without lica$tation,
<br />guarantees, seetuity agreements and assignments of
<br />leases and rents, shall be referred to herein as the
<br />"Loan Instients. "
<br />Borrower, to protect the security of this Deed of Trust,
<br />covenants and.41rees with Lender as follows:
<br />1. Pa nt of Principal and Interest. Borrower mball
<br />promptly pay when due the principal of and interest on, and any
<br />fees or charges.'provided in, the Note or in this Deed, of Trust.
<br />2. Title. Borrower is the owner of the Property and
<br />has the right anT authority to convey the Property.:
<br />. 3. Taxes Assessments. Except when they are
<br />contested in good at.th, to pay when due all taxes, special
<br />assessments and all other charges against the Property and,' upon
<br />written demand by Lender, to,pay to lender such amount as may be
<br />sufficient to enable the Lender to pay such taxes, assessments or
<br />other charges as they Become due.
<br />d. Insurance. At the beginning, of construction or
<br />renovation of bui d .go, to keep the Property insured against
<br />damage by fire, hazards included within the term 'all risk
<br />coverage ", and such other hazards as Lender may require, in
<br />amounts and with companies acceptable to Lender, including a
<br />standard mortgagee clause with, loss payable to the Lender. In
<br />case of loss under such policies, the Lender is authorized to
<br />adjust, collect and compromise all claims thereunder and shall
<br />have the option of aPplyi.ng all or part of the insurance proceeds
<br />(i) to any indebtedness secured hereby and'. in such order as
<br />Lender may determine, {iii) to the Borrower to be used for the
<br />repair or restoration of the Property or tiii) for. any other
<br />purpose, Iar object satisfactory to Lender without affecting the
<br />lien of this Deed of Trust for the full amount secured hereby
<br />before such payx4*.nt ever took place. Any application of pradeeda
<br />to indebtedness shall not extend or postpone the due date of any
<br />payments under the Note, or cure any default thereunder or
<br />ereunder.
<br />S. Maintenance Repairs and Compliance with Laws.
<br />Borrower shall keep.the Property in gc!od condition and repairs
<br />shall promptly repair or replace any improvement which may be
<br />damaged or destroyedt shall not commit or permit any waste or
<br />deterioration of the Property: shall not remove, demolish or
<br />substantially alter any of the improvements on the Property;
<br />shall not commit, suffer or permit any act to be done in or upon
<br />the Property in violation of any law, ordinance, or regulation;
<br />and shall pay and promptly discharge at Borrower's cost and
<br />expense all liens, encumbrances and charges levied, imposed or
<br />asses&ed against the Property or any part thereof.
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