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i BE , 90 -1 0668 4 thereof, and such personal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equipment; and together with the t °' homestead or marital interests, if any, which interests are hereby released and waived; all of which, including replacements { and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being referred to herein as the "Property% This Deed of Trust shall secure: (a) The payment of the principal sum and interest � evidenced by Borrower's Note dated November 23, 1990, i halving a maturity date of December It 1991, in the original principal amount of Six Hundred Fifty Thousand and No /100 Dollars ($650,000.00), and any and all modifications, extensions and renewals thereof or thereto and any and all future advances and readvances hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note "); �. (b) The payment of other sums advanced by Lender to protect the security of the Note; (c) The performance of all covenants and agree- ments of Borrower set forth herein; and (d) All indebtedness and obligations of Borrower to Lender whether direct, indirect, absolute or contin- gent and whether arising by note, guaranty, overdraft or otherwise. The Notre, and any and all other docu- ments that secure the Note or otherwise executed in connection therewith, including, without limitation, guarantees, security agrements and assignments of ;•, r` "` leases and rents, shall: be referred to herein as the "Loan Instruments..1 Borrower, to protect t1he security of this Deed of Trust, _ covenants and agrees with Lender as follows: 1. Payment of Princi2al and Interest. Borrower shall prcmpt:ly pay when due the principaE of and interest on, and any fees or charges provided in, the Note or in this Deed of Trust. 2. Title. Borrower is'the owner of the Property and has the right and authority to convey the Property. 3. Taxes, Assessments. To pay when due all taxes, special assessments and all other charges against the Property 1, and, upon written demand by Lender,, to pay to Lender such amount as may be sufficient to enable the Lender to pay such taxes, assessments or other charges as they become due. 4. Insurance. To keep the Property insured against damage by fire �azaxc s included within the term "all -risk coverage ", and such other hazards as Lender may requira, in amounts and with companies acceptable to Lender, including a standard mortgagee clause with loss payable to the Lender. In case of lass under such policies, the Lender is authorized to adjust collect and compromise all claims thereunder and shall have the-option of applying all or part of the insurance proceeds U)- to 'any indebtedness secured hereby and in such order as Lender may determine, (ii) to the Borrower to be used for the repair or restoration of the Property or (iii) for any other purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under the Note, or cure any default thereunder or hereunder. -2-