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4. Insurance. To keep the Property insured against
<br />"damage by fire, hazards included wittti -`n the term "all risk
<br />coverage ", and such ether hazards as Lender may require, in
<br />amo-unts 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 small
<br />have the option of applying all or part of the insurance proceeds
<br />(i) to any indebtedness secured hereby and in such order as
<br />r....der .,/a•/ AoMortninn. H i) to the Borrower to be used for the L/G / -
<br />repair orf restoration of the Property or ( iii) for any other
<br />purpose or object satisfactory to Lender without affecting the
<br />lien of this Deed of Trust ror the full amount secured hereby
<br />before such payment ever took place. Any application of proceeds
<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 />hereunder.
<br />5. Maintenance ire airs and Compliance with Laws.
<br />shall eep the Property in good con ition and repairs
<br />IF
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<br />improvements so as to constitute a fixture, including, but not
<br />the
<br />limited to, heating and cooling equipment= and together with
<br />homestead or marital interests, if any, which interests are
<br />hereby released and waived all of which, including replacements
<br />the
<br />and additions thereto, is hereby declared to be a part of
<br />lien this Deed of Trust and all of
<br />-. •• „_.�,,y
<br />real estate secured by the of
<br />the foregoing being referred to herein as the "Property
<br />This Deed of Trust shall secures
<br />(a) The payment of the principal sum and interest
<br />evidenced by Borrower's Note dated November 30. 1990 ,
<br />X13M, having a maturity date of 0ecemt�er t ?9 B
<br />in the original principal amount o Fifty Thousand and
<br />rso /100--- - - - - -- - - - - -- - -- - - -- Dollars 1$ 50,000,00 ) , and
<br />----
<br />any and all mifications, extensions and renewals
<br />od
<br />thereof or thereto and any and all future advances and
<br />L urn
<br />readvances hereunder pursuant to one or more promissory
<br />notes or credit agreements (herein called "Note ")i
<br />.
<br />(b) The payment of other sums advanced by Lender
<br />to protect the security of the Notel
<br />;vR,
<br />(c) The performance of all covenants and
<br />agreements of Borrower set forth hersinf and
<br />(d) All indebtedness and obligations of Borrower
<br />to T.pnAwr whether direct, indirect, absolute or
<br />'
<br />contingent and whether arising by note, guaranty,
<br />and all other
<br />overdraft or otherwise. The Note, and any
<br />documents that secure the Note or otherwise executed
<br />�^, .:a•
<br />in connection therewith, atrcluding, withrnat limitation
<br />rt,7
<br />guarantees, security agreements and assignments of
<br />leases and rents, shall be referred to herein as the
<br />"Loan Instruments."
<br />.
<br />Borrower, to protect the security of this Deed of Trust,
<br />-•
<br />covenants and agrees with Lender as follows:
<br />�1
<br />-Iii.. .. �:
<br />• .. -} t F:
<br />1. Payment of Principal and Interest. Borrower shall
<br />,...
<br />promptly pay when due the principal of and interest on, and any
<br />this Deed of Trust.
<br />�T
<br />lees or charges provided in, the Note or in
<br />,.:..; ..
<br />[.<
<br />`
<br />2. Title. Borrower is the owner of the Property and
<br />Property.
<br />``
<br />has the right and authority to convey the
<br />.!r;•'
<br />. � �u..
<br />3. Taxes, Assessments. To pay when clue all taxes,
<br />special assessments and all other charges against the Property
<br />and, upon written demand by Lender, to pay to Lender such amount
<br />;
<br />as may be- sufiicie"t to enable the Lender to pay such taxes,
<br />.
<br />t'
<br />assessments or other charges, as they become due.
<br />4. Insurance. To keep the Property insured against
<br />"damage by fire, hazards included wittti -`n the term "all risk
<br />coverage ", and such ether hazards as Lender may require, in
<br />amo-unts 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 small
<br />have the option of applying all or part of the insurance proceeds
<br />(i) to any indebtedness secured hereby and in such order as
<br />r....der .,/a•/ AoMortninn. H i) to the Borrower to be used for the L/G / -
<br />repair orf restoration of the Property or ( iii) for any other
<br />purpose or object satisfactory to Lender without affecting the
<br />lien of this Deed of Trust ror the full amount secured hereby
<br />before such payment ever took place. Any application of proceeds
<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 />hereunder.
<br />5. Maintenance ire airs and Compliance with Laws.
<br />shall eep the Property in good con ition and repairs
<br />IF
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