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<br /> ��.Q 596'7 � , . . � ' ,, ; �.
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<br /> FOFi YHE RUAPOSE OF SECURING:
<br /> I1�! �11�+ P�Y�t of indebt�dntss evi�trteed b�+ Tivs:a�� t�ta of wan dat� herewith t� ths Princi�tl tum ot
<br /> szx�rx ��ousn►vD �v� rco�iorn�is---- oonW,
<br /> {! 6D�Q�DO.OQ-�------ 1,to�thw wiM i�t��st at th�at�or���xovfd�d thtr�tn, (hKetn,to�tha� �
<br /> with �nY�nd M! nn�w�1�, modific�tlon� �nd �xtMSions th�rtof. nh�rtd to a� tl�� "Not�") both pri�ciptl�d
<br /> (ntanst on tfi� IMex+ bMnp p�y�6k in a000rd�a with th� ttrm� �t fotM th�nin,n►tt►�na to vfiich is h�nby
<br /> mad�, tM finel p�ymtnt of princip�l a�d intynst,it not�oans�Wid�nd if no►Anwu�l�,modiilcatlons a sxt�nslons
<br /> �rnad�,dw�nd p�y�bl�on January 21, 1990
<br /> (bl Th�p�rMrm�nc�of esch a�n�mmt and cann�M nf T�urtor h�nin oont�in�cl;and
<br /> fe! TM p�ym�t of any wm or�um�of mon�y with Interat th�non wl�ich may b�hKatte►p�id o►dvanoed
<br /> und�r tf��tNmt ot Mk Trust O+aa.
<br /> it7 �F�KU�€Gi' �H� �r�UC�t7Y t]F THlS 1'RUST OEEO, TpUSTOR HEREBY COVENANTS ANO
<br /> AGREESAS F011Q1K�:
<br /> 1. Pst►m�rt4 cF Frindp�,L r� lnterest. Trustor shatt �omtnly wv whe�+due the princip�l of and interest
<br /> on the ind�t�dn�tt�c�anad by 1fis Note,and�II other charges and tee�u provid�d in the Note,and the pri�cipsl
<br /> of and intenrt on eip�F�lturs Advmas seee�red by this Trust Deed,
<br /> 2:: W�RantY of Title. Trustor is Iawfuliy seizeci and possessed of good and indefasibfe title and estate
<br /> �:� � , : to th��rty hKeby conveyad ind ha�ths ripht to gront and conrey the Propeity;the Property is free�nd clear
<br /> .,� �' of all lien� and ancuanb�ances except Itsn� now of record; and Trustor wiil wurant and defend the titie to the
<br /> �.+ ' PropKty patnst all ctaims�nd d�nd�.
<br /> . . ; :
<br /> . a M�int�r►ance snd Comalisnce Wlth L.�ws.Trustor sh�li keep the Property in good repair and oondition !-
<br /> �nd shsll not commit waste or permit imp�irment or deteriontion of the Property and sh�ll oomA�Y with the pra �.� ::
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<br /> _ 41etn�e nt.�;.�,...�t•,hL Y�tie�n...�J...n��.�..�,��s+.NQ isr.�a�tnl�a::l.::Q:�5:.��!tx ssxtw u.�.►:.�h.°ra�:ty -_
<br /> �Il b�dttnd.�nowd or demolished without ths prior weitten content ot Bensficisry.T►ustor shall compty with
<br /> all laws,ordin��,re�ulation�,coven�nts,cor�ditions and�estrictions affectiny the PropeRy and not commit,suHer -
<br /> or p�rtnR�ny�et to b�don�in or upon tha Propeny in vtofation of�ny law,o►dinsnce,regulation,cwenant,onn� �
<br /> dkion or nstrlction. Trustor shap campl�te or rtstoro prompdY�nd in good workmsnlike manner�ny improvement
<br /> on th� Prop�►ty which may b�d�maad or d�rtioy�d snd psy,when due, atl ciaims for labor performed and ma- '
<br /> terial�fumi�h�d tl»roforo md for my�Iterstions thercoi.
<br /> 4. inwnnct. Trustor,at its axpens�,will m�int�in with insurors epproved by Bsneflciary, insurance with
<br /> r�sp�ct to th� Improv�menu �nd p�non�l property,oonstitutinp the Propeny,sy�intt (oss by fiQe,liyhtnin�,tor-
<br /> , �ado,and oth�r p�rits u�d harard�car�nd by st�ndud extended covera�e endorsement, in an�moant equsl to at :
<br /> Iw�orn hundnd p�rant of th�tuil nplac�t valu�thenot�nd insursnce apainst wch other h�xaMa and in wch �
<br /> �mourro as is customarity carrled by own�r��nd operators o4 similar properties or as Beneficiary msy require for its —
<br /> prat�ction.Trurtor will comply with wch other requi�ements�s BenefiNary may irom time to time request for the .�-
<br /> prot�ction by inwanp of th���tmsts of the respective perties. Ati insu�ance policies maintained purwant to thls ='��=
<br /> Trust O�d sh�ll n�me Truttor and Bmeficlary�s inwreds, as their resQeetive interosta may appear, and provlde
<br />: tMt th�n shall b�no��cellation or modificstbn without na leas than 15 dsys prior written notif;cation to Trustes �`��
<br /> •nd 8�ficisry. In tht event�ny policy henaunder ts not renewed on or before 15 days prior to its expi�stion d�te, �
<br /> , Trustk or Ben�fici�ry msy procure such insurance in acoordaa�e with the provistons of p�ragr�ph 7 hereof.T►uator
<br /> th�il d�ltver to Btn�fici�ry th�oriQin�l polie:es of inwrance and renevr�ls ther�ot or m�mo wpits o�wch policies �,
<br /> snd renaw�l�th�not. Faitun to furnah wch inwrance by Trustor,or renewsls as required hereunder shall, st ths
<br /> option of Beneftctxy,constitut�s defsutt �
<br /> 5. Tax�s, Ats�strn�nt� snG Charges. Trustor shall payall taxes, assessments and other cf►arges, including,
<br /> without limitatbn,-fines snd imposltions sttribut�bte to the Property,and leasehotd payments or groand rents, if
<br /> any, b�ion tfia tsm�b�COm�delinquent.Trustor shall promptty fu�nish to Beneftciary aIS notices oi amoums due '
<br /> untNr l�t+�t p�rpraph, and in th�e+rent Truttor shalt n�ke payment directiy, Trustor ahall promptly furnish to �
<br /> • B�fki�ry nc�ipb�vldKtcirq such p�ym�nts.Trustor shall psy a(I taxes and assessrner+is which ma��be levied upon
<br /> � B�i'iciary': int�rut Mrein or upan thi� Tru� Deed without regard to any law that msy be eaacted imposing
<br /> p�ymwtt of tfi�whol�or any p�rt thereof upo�tfie 9eneficiary. .
<br /> 8. Additional Uens �nd Prouction of Bensflciarv�s Searity. Trustor shall make all payments of interat �
<br /> �nd princip�l and psyments of any other charas, fees �nd expenses contra�ted to be paid to any existirsg iien �
<br /> hold�n or prior b�neilciari�s under any prior deed of tnist or mortqag�beforo the date they are delinquent and �
<br /> PromDt�Y WY �nd dischsrge any �nd all othe�Ile�s,elaims or charges vM9sieh may Jeopardize the security granted •
<br /> fKr�lrb t1 Tntttor fail�tv mskt any wch pryment or falis to perfonsr any oi the covenants and agreements con-
<br /> � t�in�d in thi�Trurt ONd, or?n any priar mortgp� or deed m�trust, or if �ny action or proceeding t:commenoed
<br /> which mtttrially sNect�Ben�fitisry's int�rest in the Prop�eriy; including,but not Itmited to, eminent domain pro-
<br /> cNdlnp�,or procwdinsp invoWirp a deadent,or ii Truttor fails to pty Tn�stor's debts generally as they become due,
<br /> thrn �n�fkiary, �t Benefici�ry'� option and wlthout notice to o� demand upon Trustor 3nd without rotoasing ,��
<br /> Tr�stor irom iny obltgitian hereunder, miy make;uch appearances, disburse sucfi sums and take sush action as is � ��
<br /> nec*ss�ry to protect B�neficisry's intere�t, including,but not limited to,disbursement of roasonablo attorney�s taos, �
<br /> WYm�. WrCh�ss, Contest or compromise of any enCUmbra�ce, charge or fien, and entry upon tho Property to
<br /> mike re�IrL In the event th�t Tnestor shall foil to procuro insuranee or to pay taxes, assessments, or any othr�r
<br /> ito•✓ 7!£id L����c;7 ot f; �
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