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<br /> `. • - - �- �norG presissory notes or credit agxeeaenta .Iherein �� J. . . ..
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<br /> •::,;;,s,5��� ;,<!;��;,r.�Y�r��,T�.:�.� .:�;:*.:�ti��+3:;'•�£�a��.'� limitation, c�i$�ntees, secur#ty .
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<br /> i.::�C;i•r.� ti�:4�r',�i;i,lf:;�;;:?-�,�:�`;�::, ��� aqieeiaents and��assiqnments af Ieas�s' aaa reats, shall ; . _ .
<br /> . . � be referred ta herein as t.be "Loan znstru�aents." � .
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<br /> � -:� � Sorro�er, to protect the aeaarity of this Deed of Trutt. . ' " -� . '��.�' •�
<br /> ,�� . � �. :�,; , � covenants �nd agrees wfth Leader ns follos+si � ,. ,'�
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<br /> � � : 1. Pa � ent of Princi al and Intesest. Boxrower ahall • , � �
<br /> � � � pso�apt�y pay ahen ue e pr nc pa o an nterest on, and any , .. � �
<br /> _ - � lees or ehargea provided in, the Nata os in this Deed of Tru�t. ' ' . '
<br /> � � � 2. Title. eosso�es is the as�ener of the Psoperty ancl � ,
<br /> - E has the right a�authosfty to convey the Property. � �
<br /> � �.,�' . _ � F .
<br /> - � 3. Taxes, Asaessmen�s. Except when they ase aon- � ' �
<br /> � teste8 fn gand fa t , to pay w en due ai2 taxes, sperial assess-.�� � ` . �
<br /> � � ments an� all other charqes aqafnat the Property and, upon �
<br /> ' s+zitten demand by Lender, �o gay �o Lender such amauat as may be � --- � .
<br />;•�': ��:;�:.•;:� ' sufficient to.enable the Lender to pay su�h taxes, assessments or . � �
<br />.��:',��'�"`;:'��. ��: . other charqes as they became due.
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<br />;;'��,::';�:`-:'<�; � , ' : d. Iasurance. At the beqinning of co�stzuction or � � . �
<br /> „`::y`::`;:;::• ' ` • ....� .,. renova��a� af . lu�dinq, to keep the Property insnsed aqainst . . --
<br /> �`�`��:�,f���;���.� _ damaige k�y Eire, hazards fnaluded within the term "all siak '
<br /> � .�;:��:, coverage', and such other hazards as Lender may require, in : .:
<br />�� �-`���'•� � ��;=';�%� " a�ous��s and with companies acceptable .to Lender, intluding a '
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<br /> ; �..;, ;•; . . . � standaad mortqaqee clause with �oss payable to the Lender. In
<br /> �:�:�r�:�:��+��� � . case oi' loss under such policies, the Lender is authorized to
<br /> . •`���'`'� ' adjust, aollect and compromise all claims thereunder a�d s3�a11
<br /> � ;��; � ' have the opti.on of applying all or part of the insurance proceeds
<br /> t.,.
<br /> ''�•"��_�' � t�) t� any indebtednesa secure8 hereby and ia such order as
<br />. . ,,:.; .
<br /> � Lender may 8etiera►ine, (ii) to the Horrower to be used for the
<br /> ' . , repair c�z restora�fon o� the Property. or Iiii) for any* other �
<br /> • � � , puspose or object aa�isfactory tio Lender without affectinq the ��
<br /> � . lien of this Deed oF Trust for the full amount secured hereby
<br /> � � beFore such payment ever tc�ok place. Any application of proceedg
<br /> � ' � to indebtedness shall not extend or pos�pone the due date of any
<br /> .. gap�eents under �he Hote, or cure any 8efault thereunder or here-
<br /> : �,:::, .: : � under.
<br /> .` ���� � 5. Maintienance, Re airs aa�a Gom lianae wfth Laws�
<br /> � : ;�r"��:`��;:,� : Bosrower sha�.l Yceet e Prolerty n qor�. .��ric� t �n an ,re a �» .
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