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202100763
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Last modified
1/29/2021 11:22:54 AM
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1/29/2021 11:22:53 AM
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DEEDS
Inst Number
202100763
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2,02100 763 <br />dated January 25, 2021 (herein called "Note"), which has a stated maturity date of February 1, <br />2036. This Debt shall include any and all modifications, extensions, and renewals thereof or <br />thereto, and any and all future advances and re -advances to Borrower (or any of them if more <br />than one) hereunder pursuant to one or more 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 />shall promptly discharge at Borrower's cost and expense all liens, encumbrances, and charges <br />levied, imposed, or assessed against the described real estate or any part thereof. <br />6. Borrower shall keep the Property in compliance with all applicable laws, ordinances, <br />and regulations relating to industrial hygiene or environmental protection (collectively referred <br />to herein as "Environmental Laws"). Borrower shall keep the Property free from all substances <br />deemed to be hazardous or toxic under any Environmental Laws (collectively referred to herein <br />as "Hazardous Materials"). Borrower hereby warrants and represents to Lender that there are no <br />2 <br />
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