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<br /> ��=-- _- Thi� D��l1 0! sru�t �hall ��aur�� g3� 1n��iZ _-
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<br /> ��� T�h� pay�nt o! f�he principal su� and inler��t 1°�'��
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<br /> _ � ,�� �vid�na�d by eosra+�r a Construction Line o! Cs�dit �_
<br /> - DraM Not� �ated .
<br /> 19 , havin a z�_
<br /> w�turity a�l� o! aaua �99 .�n th� or gl�al '�"�'
<br />--;� " ,�, �r�R„�.. . prinatp�i aw�unt o or -fs Dollar� '�t__
<br /> �„ �]+ v�_ th�u�aa� aad no/100 �•'� `
<br /> �'?w : �; 4S OQ0.00 l, aed at�y an a aa ona, exteneion• `•4i'
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<br /> �"'� w r�nawa � thereo! or �8sre�o and any and all �u�ur� ��_.
<br /> -�.��, . �,._.�: f. �
<br /> .�; , :�y;�,� a8v�� e�nd rsa�veea�• hsraunder pu�c�usnt to one Qs ;_
<br /> _ - - w�se prarf�sosy not�� or er�it wys�rnt� lb�rel�n ;�,:
<br /> - cwll�d '110l�•) � `�
<br /> •�'�'�: ,° - . . �t�, �bl The payaisnt of othar �w�us advana�d by L�ader :;i;;�.
<br /> �=;:,,;"° !o psotaat xhe �eanrity o! tbe Not�o '°
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<br /> �� � (cl The pertora�snca o! all aovananto and aqr�e- ��•.
<br />= __�`"��'���= , w�nta o! 8orroxar s�ti �ortb her�in� and � `••�
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<br />:�-��.a�=�--ti�-�:•.
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<br />- �..... .,d�''� � td1 1�11 indebtednass an8 obliqations o! HorroM�r �
<br /> �� �� �'�':� t� Lender whether direct, 9.�dir@ct, abaolute or con� K4i
<br /> ��:
<br /> a�,�;° tingent and whether �riains� lb;� nota, guAranly, ov�r- ��_._
<br /> p. - ' draP� or other�+ise advanc�eel for �he purpoee o! �eking �
<br /> .�':1' �^ � R��"�
<br /> �' � ,,;��-,�.,;r �,�:�:, improvements to the real eatata hsreinabov� desarib�d.
<br /> ,;,:,;.�,• ;:�Y�;':',�.. : .. ,r:°t;�:, Tk�� No�e, and any and a�ll aa�her docu�cnta that seeuse �;
<br /> '"4� � �s�; � '" � tihe Note or otherwiae execwted in connec t ion t heraw i t h,
<br /> � ;';: , r;s� e
<br /> ' y�'-�.�;`>.��k.,'r
<br /> ;���• • ian��udiny, vritihouti limita�tion, guarantiees, security �'
<br />_ ,: t�,�:;�:7'. �t"
<br />,y � ..:;�;:.:� aaqseaaentis ind aasi�maemt�o of leas�s and r�nts, sh�ll ___
<br /> _`g:;, -_----�- ---._< ' ��a �cnt�rr�d to her�in ae'�t0�e •Losn instruw�ats.• e_
<br /> . �. :�u �.��
<br />• r �. .•.K, �r.., . r�j�i
<br /> �''�••l:`�i ;;, ��,� �•�� �orrower, tio protect tihe oeaurity o! thfa D�ed o! Tru4t,
<br /> . i,� :; f; ,f� . :� , '�
<br /> ''r,� ��: ':,�,•.�� � ' � covenant� and agreea with Lender as foilov►s: �
<br /> . .t.���l:..
<br /> '�t �,�.�;,¢; rr
<br />�_�-"'�'� ��������'�'� .� � ent of Prim�cS�+al and intereoF, Borroaer shaZl
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<br />� �,,.:�. � � > .�:...a. � - - _
<br /> � ,5 . �i � '+ �•���� pro�ptly pay when ue the ps �nci�pal og and in��seat on• and a�y , � ��'�_:
<br /> i=�f;:- ::�'�'rt1!^a;.� '� . l��� or eharyes proviaed in, til�� Na�te or in tAf� Q)ea� mS Truat. `x,
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<br />__- `'�l-.��.l;s'•;?��;... 2. Titie. Borrowes ia the oWner ofE tha Property A� . ';�:
<br /> '*;�' 1' I'a'i�Al,f� ?+y\���5 �R ;• -
<br /> = has the rl�gh� ��o authori�y to c�vey the Prop�rty. �'��
<br /> �•: ,.` � ''�'`�,' �..� : Except when they ase con- ��
<br /> � ,.. ti � J,,.�r .
<br /> °�,i'f�':� �; , �' ��`{` t'r,,�,' 3. Taxes As�ess nte. �, •:
<br /> *�;, }'r,. .�,. � � taete�l �in gaar3 '�'a��T, �� paY w en due all taxes, speaial asseea- �;�
<br /> ��� �� c" `?�'�!�'��i`!``!� ments an8 All other chargee A-gainet the Property and, upon ,�;'
<br />� 'Y'. .:l�i.lft7^::
<br /> ':,���;� �+.�;r;:,;,.�;;. .-.'�•�: written deme�c� by Lender, ta pay to Lender saah amoant as may be +��:':
<br />. ';:�);��fi►`�`i�,���4"'�°'� aufliaienti to enable the Lender to pay such taxe�, �+aess�ments or �;
<br /> h;�'::+:sF'.�,.�� .:�,�;;"y��<.t other charqee as they beaome due. ��
<br /> '� ,`_,�J,�1�....:� ; :rl . !�
<br /> �";�' ",�,! � �,� �, 4. Insurance. A� �he be innin of cons�ruction or
<br /> , ��IJ�� .��. .�. 9 9 ��.;.
<br /> 'r "�;�,�U:;�`�,��;;�;_�'•. ,.; renovation oE bu�Tl�ng, to keep the Property ineured agdinat _
<br /> .':'l°�-s� '';"" •�..;.. �r; damage b �9�re� hazards included within the term "all riak _ _
<br /> _c�,�.:'::, �' �r��r�:3;.f,: caverac�e'�, ana such �t�er hazArds as Lender may rey�uire, in ----
<br /> �:'�""� `'��""��M"�'Y°`;� smcunt� ancY wi.th aomp�a�a�ea acaeptable to Lender, i.r����x�ing a -4-.-;.
<br /> ', :���5fi����,-1��,:;."t� s�andard mortgageo cl•AUge a�t� lo�s payAble to the Lender.
<br /> ' " � �� • aaee of loee under st�c?� po�icies, the Lenaer is authoxized to ��-°
<br /> rir.;���' � ad u�t Qb118C'� and compromi$e dll claima th�erennr�c�e� an�B shal�. �,�::
<br /> �-��,s�t�; ��L.;�"��`" �r�'�. heve the option of ap�lying all or part of the iaoamr�na�e prac�ede .:j:�
<br /> f!,�,.�. � ; • .,, <�.: (i) to aay indebtedmees seeurec� hereby and in sua9� orcler t�s ..
<br /> � �::�••���:���,�, . Lender may aetermine, (ii) to the Borrower t� me uaed f�r the �,:r{;:
<br />`�:�aSF•i ;;
<br /> ,.;r.�?�� "t �{,i;;:;��' repair or restoratian of �he �roperty or (i�.�.� for ar�y oti�er .,.:::.
<br /> ��;���, ��� '��.�. . purpoee or oCcj�ect satiato�ctflry to Lender wit?�ou�t affeatinq the �,'�;,
<br /> � '" ' lier� af this Deed of Trust far the full amount secured hereb� � �i:':
<br /> ;t:;;•::•;". ? ; ' .
<br /> :,�,;'.t;..';� . `;. befa�e atach paymer�+t ever took place. Any a�plicatioro of proceeds
<br /> �';�,;,,�, �,,�,,j���;� to imdlebtedness sQ��a�.l �ot extend or postpone the due date of any '
<br /> -.��.^��?� � ti�.*�_� payments un�ui �Y�a 'nv�8, �a a:iirs �.fiy $a:«L•3'� �:i�r�!!!!llt= QY ti1LS�!- , ..
<br /> ;1;�'+',;�.;� 7 r,�''�Fi,�';,�"�':� . under. '
<br />. �•'�'�It �t�� •j•Y'
<br /> �Y�f.. !. p "
<br /> � � � 5. Mainter�ance Re airs and Com liance ��.�h Laws. �
<br />`'�;;;:i,�r•' ' j�� . , : .
<br /> ,:;�,. � Horrawer shall eep t e property n goo con t on an repa r� ;
<br /> �' �� � shall promptly repair or repiace any improveenent which may be
<br /> � �` ; dawaged or d�stroyeds shall not conunit or permit any wa�te oar
<br /> , det�rioration of the PropertyF ahall not remove� demolieh or
<br />� . •v '�._ eubetantially alter any of the improvements o� the Propertiyt
<br /> "' ahall not aammit, saffer or permit eny aat tio be done in or upon ,
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