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<br /> - - ther Nith tho ho�staad or aasital ___
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<br /> `°'<L:-------- and ��alin9 �B� °q°
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<br /> intosaets, i! an , whiah inter�sts are heraby rolQased s�ad
<br /> ,� waivod, all of W ch, includiaq r�placea�nt� and addition�
<br /> ' thoreta, io hereby doclaxed to loo a part of the raal estata
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<br /> -- sccured by tbe liea o� thi� DoQd of Truat aad all o� the osogo-
<br /> inq beiag referred to harein as thQ "Prapox�tY"• � _
<br /> �.;
<br /> �A � - This Deed o� Txuet sha].1 secure (a) the pey�aent of the priu-
<br /> '" cipnl suta aad iaterast evidenaed by a Desd o� Truet Note dated
<br /> ��'`*� �k4' Janu�ary 5, 1993, having a maturity date of Jaauary 5, 2000, in
<br />-.:`�.�`'° r„":' : ' . the oriqiaal principnl emount of One Huadred Thirty-8ix Thoueaad
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<br /> � ..:.:, . ,;�:;�' end l�0/100 Dollere ($136,000.00), and aiay and all modi�l.aations, T_
<br /> �. -„..;;� . •,�,��1 eslensione aud renewale thoreof or thereto aad aay and all ��uturo
<br /> �.� :,R advsnces and readnances to Borrower (or any o� them i� more thaa �
<br /> ��4 '� ''��• �� one� hwreunder pureuant to one or more promi.asory no�es or aredit
<br /> - �'•,.; ....,:, •.,:,,:� agrae�ents (horeiA c�31ed �Note"Ii (b) the pdyment of other euma
<br /> �� "'` � �: ��'���'"'� � adva�aced by Lender to protect the security of the Note f (c) the ___
<br /> �� � 't%r�, �
<br /> ' >Y l�. ;,:,�; perfosaance of all covenante and a�qreemeots of Trustor set �ortb -
<br /> herefa; end Qd) all pxeaent and future indeb��adness aad ohliga- __
<br /> _ - {� �n��;:..��,,; tione of Borrawer �or aay •m� them if ntare tilh�;u oae) to Londer �
<br />. . �i :'Y'= �
<br /> ��� ,. �,� wbetber direct, ind�r��t, t�bsolute �r continq�nt and whether
<br /> ' ^:� �• •- arieing by note, guua�.aua� , overdraft �r otherwise. The Note, "�
<br />- � �,;��F�','�� � d ei].1 other doawaents tbat securo ��,,
<br /> this Deed of Truat aan¢i �uny �aa "�°`'`
<br /> • ` �'^r'.�'` �� the pote or othexwise exe�w�+�d in connectio�n �herewitb, inc�ucfling ,rl
<br /> - ;:,=. , . ����� assig�- ��N'
<br /> � •t without limitation quar�te��, aecurity agree.�w�ents and ��_�:
<br /> �� '=�".'' � ` �'�"� ments of leases and r�m*�, ahall be referretfl ,+to h0reia ae tihe ���v��
<br /> �� ; :��:�
<br /> � ..: ., - � ,�'`�, �Loan Instruaentsp. �;�':`
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<br />-„* ' ' 's^ TRIISTOR C0�/ENAD��TS Ali� A�REES WITH LEN��� AS FOLLOW$t ' `i'.i;::,
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<br /> '����� �� �'��f�; 1. pavmen� of �,pdebte ess. All iadebtadnese seaured ""'"`:
<br /> .:�:..: ; �... ,� : . �i��,�
<br /> ;�.,;k�;,,; � �> �t' hereby shall bo paid when due. �""-.-i
<br /> -�,• � :., �' � �;.,�.
<br /> ���y%�� , :,; � ' . -.. 2. �,�. Trustor i� �the owner of tIIne Prcperty, has tlae +
<br />-��,�,r,��. :-.-.� .�,.,�:�:,�..-;: �iqht and au�hority to con�e� the P�coperty �uad uarranta that the �`
<br /> 'j�yy1��' �� �`�% '� �� �°�•�• '°� liea created hereby is a fi�st and pzior l�Iean on the Propert� and �� ��
<br /> ti,,1�r,y;.: , ;���..:, . . .�,, l�
<br /> ,,�.+�• ` � ���; •.� .. the execution and delivery of the Deed of Trust does not violate _
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<br /> �[.'. �.�.. any contract or other obligation to which Trustor ie subject. _ _,
<br /> r-v,- t .._r:.;�'';���t. 'Y � . :-:.
<br /> �. t '..�t i�:;.
<br /> ' '.�;;;t`;,:;,;:�.: �s�^.,�; g. TA�.�� Aesessments, To pay before deliaqueat all texes, `';
<br /> �. �i4 ✓ �.�1'�l5�fi..�:b-. '-";..' �'
<br />� ;�:` . xir��.t• :,�, � special assesements and all othor charges aqainst the Property �.�'_
<br /> �'�� : �.� � ^>;, r�w or hereafter levied.
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<br />`.;��;"r 'N , �;;; �•.�,s�; 4. �nsuranco. To keep the Property insured aqainst damage ___
<br /> �4"'r� •„��-:.
<br />"''�t�hr1' ���� r����� ' '� by firr� haznrde included wi�h the term "estended coverage" and
<br /> �'. r. . �v.' -' -�.i...
<br /> } ,Y�'''',<i:�il:a.�; �"rS�t
<br /> '% •�'� �� �;S•.� such other hazards ae Lender may require ia amouats and with com-
<br />'���1,�'� ..►'n�''n 1� ,' ,t� -
<br /> ;���•.} . ,� paaies acce te�ble to Lender, ttaminq Lender ae an addi�ioaal named -:.
<br />;�?�y;;�",y;,�.. '�4�'`��.'�,� �� ��?�,;;,;��1� ineured with loss �apaaD�le to tbe Lender. In case of loss uader F"-
<br /> �- =�� �'°-" '`� �'��� '���' such policies, the �,ender is suthorized to ad juet, collect and
<br /> �r'�� � - �v"�� com romise all claims ttneseunder and shall have the option of ° "
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<br /> � ., � �� npplyinq al➢. or part of tDn� iasurance proceede (i) to any indebt- �`�y.;
<br /> ., ,�'-i--��= `'.T�r :;,: ,� eda�ess secw�ed hereby and in euch order as Lnnde� �udy daS:e�cine, s.,.�..
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<br />°�'.,•{;��;; ,�� 3 ,. (ii� ta t?�e Trustor to be used for the repair or restoration of ��,+!
<br /> .'� ,f" the Prope�t� , or (if i) fcr eny other purpose or ob ject satis- �.�,�,,
<br /> ..,: , •�,��;��>���+,�;.;�±�����, factary �� �ender without a€fecting the lien of thie Deed o� .
<br /> ���,,,.`„_ .�:�.,.c <rn�� � '� Trust for t�ne fuli azaount s�:cured hereby be�ore such payment ever ,.._'
<br /> .�,ti,d�'�.:t. i ;
<br /> • �::;. ;��; �.°,_.;����,5:.�;�i',.;}�N.� ton,� place. Any applicatioa� of proceeds to indebtedaess shall
<br /> '•, ,�,,.; - ';,�;,;�,:�,�,,:;�':::';� not 8xt.e�ad or post�ao�ne the due date of any payments under thQ ; -;`
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<br /> ���,'.'.:;t�,�,1��i�,i4��'�,.;;:� �Tot�, or c�ase �my i���ault t�aereunder or herenamder. ,
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<br /> .,•. ••�,�•��,�fr=• c�;.`;`;: 5. �� . tDpon wra�new demanr� by I,e,�rder, Triastor s��all
<br /> �`'F;1�7'�C•.rti ... , �� n
<br /> ,`� ; �" , , •���� � • pay to Lender, :la+ sanch manner as Lea��er maqv desiginate, sta�ffacient `
<br /> ;,;�� . ,,-:
<br /> " , � `, ;,� �' sums to enable Le�n�l�er to pay as ttn�ele mecome due on� or more of �.
<br /> .�!:Y�:.�?�� i����.;.�-�..-�uL�:':.�-=._ ��,` f���.,�.�.,rt� r f e a�i tas�es, aesessments atid other charges :
<br /> � ' �� �` � � against the�Property: (fi) the premiums oan �the property insurance
<br /> � �� " �����,;�•' required hereunder, and (ifi) the premiwas om any mortqage fneur-
<br /> �.,. . ,...,`.. • .
<br /> � ance required by Lemder.
<br /> . ��•U u •4'• a`
<br /> . � �,` ;�� 6. Ma;ntena�ce Recaire ansl Comvlience �ft� �,-�ws. Trustor
<br /> � � . shall keep the Property 3n good conditfan and repair; shall
<br /> � �" promptly repair, or replace, any improvea�er�t which may be damaged
<br /> ; , ' � �, ��„ � or de�troyed; shall not commit or permit any waste or deteriora-
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