|
_ -z:� :`x=�
<br />- .-Y_�:-"`_ �--- . - - _ -- i
<br /> ! • 1 z <
<br />. ' �Y.-.Y � . , . _ . - ' ' ' . k 4 - .
<br /> _ . .;..
<br /> . .<.__: —
<br /> � i ' '` ` :
<br /> <r � , 4 .Y c '-� ,v o ,�.
<br /> E�� • � c : . F . . . 'r
<br /> � r , r � � < ,
<br /> F � '.x -�' •<: � � - c,' . _ t- :�f . k. - f: ' t
<br /> . �i�. ��,�rc '•� ct .r� t :`r'�ti".'� }' •`Y C 'r4: r rc[-` t !�- ,_�) ..a_ . �.�_..`.�rt�• ...c.�c `.� � -
<br /> ` _ - -..�e+�P�, 'Y _t�.��._..--�- --•T .. .. _�. '��_ .�s�.�.....t`.�_��. ---- '�C __..�. - -- - ;c�c �.
<br /> � '.t,-.
<br />.__:c . , ,"''.'.
<br />_ -c.: `�-` 7,: _
<br />-�L�F �j ... .��.t .. ., .-.
<br />' __ . �f'.,. . <''`' .y'
<br />"��Ni.- t< - • . • _ '.o_. _
<br /> _1;-�_ f..,',� _ ._ _.c.`... ��, .
<br />_:�.:: . a <.��Y `�`..,,_ �� �O� . ..,��' : - .
<br /> fi- �Y� ;t� � . o
<br /> .5�.' , ,.t` �h•� ' .¢ .
<br /> _-1' '''y'_,� _ - -` .. � ..�.
<br />�—".�7:.. � • . .c'
<br />=`�r -. . . <�.� This Deed of Trus� Shall Secure: ��r �.' �. ' �
<br /> � ��..� ,,
<br /> '� The payment of the principal sum and interest evidenaed by a Deed
<br /> ' oa
<br /> f�Trust Note dated JANOARY 12, 1999, having a maturity of JANUARY 12.
<br /> �; yf �""� 2001, in the original principal amount of THREE HUNDRED THOUSAND AN� � �Y
<br />�=r 300 000.00) and any and all modifications, e�ctensions � . � `` �.
<br /> _- _ NO/100 DOLLARS, ($ . `�'`Y'' -
<br /> ,. . .., .
<br /> ��-� and renewals thereof or thereto and any and all f�ature advances and y _
<br /> ��` � readvances hereunder pursuant to one or more promissory notes or credit �:>� : .
<br /> ��` � . _ agreements (here�n called nNOTE"); ` ,`�
<br /> � �,`` �.;<S �. '.
<br /> �
<br /> ��-�" � (b) The payment of other sums advanced by Lendes to protect the ° i ;��;
<br /> , ��-_�,-?<.- , security of the Note: � }� �t ��:
<br /> �'�i`__' : _ -����.�_ (c} The performance of all covenants and aqreements of Barrower set �` •
<br /> ..' �. � � forth herein; and „�s- _''..�¢�`�
<br /> �����- --. �..� �
<br /> ��;; �-�...,�`�. `� . �s. (d) All indebtedness and obligations of Horrower to Lender vihether
<br /> ��- __
<br /> � �=� absolu�e or contingent and whether arising by note, }r .�� {,r_
<br /> ;��� ,. ��irect, or indirect,
<br /> � _:.: . �`,,?�` guaranty, overdraft or otherw i s e. T h e N o t e, a n d a n y a n d a l l other ;'��
<br /> ..t,�� .� � � `�:L. dooutaents that secure the Note or othezwise executed in cor►nection
<br /> �; therewith, including, without limitation, guarantees, security agreements :;;t,
<br /> ' : • . . .
<br /> Fa� � , ~ ^`'��:,, and assigmnents of leases and rents, shall b� referred to herein as the -;�; y
<br /> �� ._' ,�.. -�. �- .
<br /> < :. ` � �•Loan Instruments." ����_
<br /> �� ` ' Borrower, to protect the security of this Deed of Trust, covenants ti -
<br /> u1.� ,. • �,� and agrees with the Lender as follows: �� �
<br /> ' � .,a,- d� -Sr`�:.�,;�...
<br />-,�j�= .•'`'� t. ' .
<br /> 1. pa ent of Princi al and Interest. Borrower shall promptly �ay urhen ,* �.: Y:,�
<br /> ' " due the pr c pa o an n eres on, and any fees or charges provzded in, `.� �.l �
<br /> � .�' the Note or in this Deed of Trust. ��t;
<br /> ��-::� ' , 2. Title. Borrowar is the owner of the Propsrty and has the right and i-.�}�
<br /> "'�'��`� • � - author��fo convey the Property. ` �'��r'
<br /> e ,<� �y
<br /> {t...,- . .' _ -: �r.
<br />. #�>;`�� � 3. Taxes Assessments. To pay when duc all taxes, specfal assessments ;,q.
<br /> � . and al o er c arqes against the Property and, upan written demand by ,,.:r`.,:,.;.
<br />�_.�...w�:; ���` . � ���:',� Lender, to pay to Lender such amount as may be sufficfent to enable the
<br /> ..�..
<br /> �.-,�s..
<br /> �'.;:�. :: �� . Lender to pay such taxes, assessments or other charges as they become due.
<br /> �� f; . . � ' '
<br /> 4. Insurance. To keep the Property insured against damaqe by fire, �__ µr
<br /> F`f i� : •-- � .� � -
<br /> ��.!° �r. � � � .. hazards nc u ed within the term "al1 risk coverage", and such other
<br /> �s•< hazards as Lender may require, in amounts and with companies acceptable to
<br /> t ���� ` Lender, includinq � standard mortgage clause with loss payable to the
<br /> �:-� , . i
<br /> :�.:,t� � . Lender. In case of loss under such policies, the �and shall haveZthe � � .
<br /> • adiust, collect and compromise all claims thereund to any �����°:
<br /> ���`'. �. . option of applyinq all or part oP the insurance prcceeds (i) - � •.
<br /> ��� � ! indebteclness secured hereby and in such order as Lender may determine, -_
<br /> ''.` . Y � '� . .`�'"�.I 1ij tu the Borrower to be used for the repair or re�toration of the .
<br /> „;:
<br /> ��;3; . , � � '. { praperty or (iii) Yor any other purpose or object satisPactory to Lender
<br /> .�:�:'��� . � �: . �� without affectinq the lien of this Deed of Trust for the full amount ;
<br /> . �� ' : secured hereby before such payment ever took place. Any application of � �
<br />�.:�:�;�,���•. �� i proceeds to indebtedness sha11 not extend or postpone the due date of any , �:T�f„ .
<br /> .,;'.�:.�.` �� s � payments under the Note, or cure any dePault thereunder or hereunder.
<br /> ��-.`. .�� � + 5. Maintenance Re airs anci Com liance with Laws. Borrower shall keep : .
<br /> ��,': �' . ' the Proper y n goo con on an repa r; s a promptly repair or
<br /> ���.��> � �� � replace any improvement which may be damaged or destroyed; shall not
<br /> commit or permit any waste or deterioration of the Property; shall not
<br /> .=�J_;�= � � remove, demolish or substantially alter any of the improvements on the
<br /> - . . ..�:,� Property; shall not cnmmit� sufPer or permit any aat to be done in or upon ; .
<br /> �•:.�:.�� . the Propexty violation of any law, ordinance, or requlation; and shall pay
<br /> �_; },;: : � and promptly discharge at Borrower's cost and expense all liens,
<br /> � � encumbrances and charqes levied, imposed or assessed agafnst the Property 1 �
<br /> f
<br /> _�:��'���� . � or any part thereof. ;
<br /> �: � � . � ; � .. .
<br /> ..�.::,: . . ,
<br /> �", :; . . �
<br /> �:. ,, . . . . . .
<br /> ,,,. �, .
<br /> :;�:..,;'_
<br /> '.:�,.: ��:.. •� � . PAGE 2 � .
<br /> :� ' . ,
<br /> �.�:� .+. ' .
<br /> c^' —---- .—.
<br /> �=� ' � .
<br /> ' �..,�. . ' � ,
<br /> 4
<br /> � �....
<br /> ,
<br /> .
<br /> t,, , . .: . . . . ., .. � .. . .. .� . ..
<br /> — ...... , .. . . . ... ., .. . _. .. . �.;:
<br />
|