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<br /> Thls Deed of Truat shall secure(a)the poyment of the pclrtcipW sum nnd iateeest ovidenced by a promf�sory aate(s)or cre�it . �
<br /> . n�reement(s)us followas Qrl�ianl '
<br /> Aate of Principnl Munutry .:,_:
<br /> �- ' Note(a) Maker(s)of Nota(s) Amount(s) Date(s) :
<br /> 01/99/99 KIiVIp D DIICK, OABTCHIIN 9 BL'CK 180,000.00 O1/13/16
<br /> ' 01/S7/99 ItBVIN D 86CR 71t7D ORIfPCN8T1 ti 9fiCR 75,000.00 Ol/19/00
<br /> ' nnd nny and NI modificudons. exteaslon.g aa3 reaewals titcrcoY or thereto und any and nit t�iture r_dvenGes �nd rendvnnces W .
<br /> "' Borroaer(or aay of tham if more ttwn aneD hereuader pursuaat to on�or more promiasary aotes or credit agreements(herein cnlled ; .�.
<br /> �,-.J • "1Vote'. whether one or more); (b) ttta payment of ottter sume advnnced by I.ender w pratect the security of the Note; (c) the
<br /> .. . "`� .� . performanco of all covenants aad agreements of 7Yuswr set fonh hereta;and(d)all present en d Q�ace indebtedness nnd obligadong .�
<br /> oP Bonower(or any of Wem if acore tbnn oae)a I.eader ahether diceet, indireet, absolute ac contiugent and whether nrislug by -���
<br /> � nute�guaranry.overdtaR or othenvlss. Tha lvo�. tdis IIeed of Truat and any snd all other documents that,r�cuce tha Note or �;:,
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<br /> - othernisa exeeuted ln coanection thnrewlth.lucladia8 without I�mitadon guarantees. secudty agreements and assigrunents of leasea _
<br /> � and renta�shatl be referred w heteln as the "l.oanlnsuumente". ;�;;_y
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<br /> ' Tcuator covenan�q und apcees with Lender as folloas: _-
<br /> � 1. Pnyment of Itadebtedaess. Ali indebteciness secured hereby ahall be paid ahnn dun. �_-
<br /> ° 2. 1YtEe. Tcuator is We owaer of the Property. bos the right and authuriry to eonvey the Pcoperry,aad warreats Wac tha lien ---__
<br /> � areuted hareb is a�rst and rlor lien on the Property. exaept fpr liens and encumbraaces sat forth by Ttusior iu vrrldn8 and �.—°
<br /> �' deL'vorad to Lender t�ofote ex cudan of this De�d a4'Tcust,uad We e�cecudon a�►d dollvery of tfiis Deed of T�xt doea not violate any ��,�,�,�.'
<br /> n cont�tu:t ar other abliptadop w which Trustor ia subjIICt. �`��"���
<br /> .a�r{a:
<br /> .:� ; � 3. Tp7ie8r A63C89�CAf8• To p�r before dalimguancy all taxes,spEC9af oysessmaats and aU ather eharges ageiast We Prop�rty noa m,�v
<br /> .� ';�,. .� '� or hereatier levied. �``-
<br /> ��..:,.a�?;.'Y„ 4. Lmsuraacc. To keep the Property insured against damage by&e�haznrda iacluded aiWin thE term 'extended aoveruge", �':;�n��
<br /> , �r�(;�;�;;;':,�r . = and such other hazards as Lendar may requiro,in amoun� unfl with compnaiea accepu►ble to Leader, noming Lender as an ����>
<br /> • �,;� . addidonel aamed insured.with loss payabie ro the L.ender. Ia case of lass nnder such policIes,the Leader is authorized to adjust, �;,�;;•,
<br /> � ' ��. collect aad comprom[se,all claims thoreuadet and sball lwve the option of applyu►8 all or part of the insnranca proceeda(i)to aay �.,
<br /> - iadebudaess seaured hereby end 1n suah ordar as I.eader may deu+amtne,(ii)w tha Trustor w be uscd for tke repair or reatoradon P':
<br /> '� f of We Properiy or(iU)for wry olhar purposa or obf ect andstncWry ta l.onder wItttout affecting the Uen of this Deed of'A'cust for the _
<br /> .� � ti�U amount secured hereby befora suah poymern aver took pl¢ce. Any upplicadon of procesds to indebtedness sholl not eatend or
<br /> � � • postpoae the due date of uny paymanta uuder the Ncus,or cuce any d2fnult thereunder or hereunder. ..-
<br />- ' S. Essrow. Upoa e:rlccen demnnd by I.endot,Trustor aheit Day ta I.ender,in auch manaer aa Londer rany designate,sufflcient
<br />' � suma w eaabte Lender ts pay aa thoy becoms duo one or more of tt�a followiag: (i)ull taxea,aaseasmenw ecu!!other chugea againat
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<br /> , _ _- _ tho Prunemr.Qi)the On��s on tho proporty inaurance aqulced itereunder. and(iti)tho preratuma on anyr mortgage ueaaco
<br /> • required by Laader. ,
<br />- 6. MWetenance.Reprtrs and Camplinasa w0.th I.awa. Trustar eba�l keep the Propeny in grwQ co�edtdon and repatr; ehnil
<br /> , � ptAmpdy �ep�lr� or reptaw any improvemens ahfah moy bed¢m�ed or desuoyed; ahall aot commit or permit aay w�sus or
<br />�� ' deterlorafloa of ttte Property:sGal!aot amove,demoliah or substaalially alter seny of tbe improvementa on tho Pcoparty;ehall not
<br /> s:•�.';:"�,'"`,,i eommtt,�s*u•f'fver or rntit�ury ect w be done fa or upon the Propeny!n vtoladon of any taw�ordinance.or regutadoa:nnd sh�ll psY
<br /> MVA�.� M.4-i x �Pr�"Y'�7����Be nt 1Yuator's coat ead oaponse all liens,erneumbrances and charges levied�imposed or ussessed agalnat tho
<br />-��`� •""ti . pcoporty or atry part thereof. y es and other a ments or rcllef(1►erelaaRer
<br />'�: ;..;t:.;4�.` 7. Cus�fneat Domafn. Lender ie hereb assi�ued all compensation,awards.damug P Y
<br />° `;n:J ^p�oeeeda•) in coaueeflon aiW wadamnntloa or ather talcl4g of ths Pcopocty or part theceof. or for conveyacice in tteu of
<br />�,,,.....,,h,. . cnndemaat�on. I.eador shnll be enflded at ita optlon w comm.nco, apPear in ettd proser:ute (a its own aazae any actlon or
<br /> _ •• proceedipas� ead shall atso be endded to maleo aqy compromise or seWement ia conaeedon wdth such taldag or damage. In tha
<br />��::.N� ::`'•`' event any pordon of the Property ia eo taken orMmnBed,Lender sh�ll hove the opdon,in its sol�a�ed absoluta dissreBon�to apply
<br />=�:�,;�::;�:� all �tch Proceeda� aRer deducdng tberefrom all costs end expense.g incurred by it tn conne�tIon�vith such Procceds� upon any
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