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<br /> �;,v. - -- Janu�ry 18, 1993, havinq a aaturity dat� of J��ery �, '� �, in ---.
<br /> ::;;: �s� V'� tho oriqiaai principal aa�nunt o! aiftiy-six Thousana aad �te�/1Go
<br /> �,�'� Dollars ($56,000.00), end any aad all aodi�ications, ez�enaioqs ----
<br /> �� �—;-rr?_.�„ � �� nnd renewalg thareof or thareto and eny end al l future adveaaoa °------
<br /> �..�,,,�. —. - --
<br /> '� '.: • �. �z'�•,•;h,�•x. and ro-advaaaes to 8orroWOr (or aay of thera if taora thaa aae)
<br /> ` ��' `''-."`: hereunder pussuant to one ar mora promissory notes or credit �� -
<br /> . ..,-. M,,-. -- •---
<br /> `.r���'��•;� agraesents (herei�a called "�iote�)f (b� the payment of other suate ��=�_�-
<br /> � � � °. _�':;;,,+�' advanasd b Lender to rotect tbe seaurit of the Note j (c) the � -
<br /> ;. �, : ti .�.a,: � Y P Y r�-�_—
<br /> . _ ,�,,,, . k performanae of all aovenants aad aqreements of Trustor set fortb �����
<br /> ,;.-��-_. ;����•L,�,. ����'��;�; - herein; end (d) all preeent and future indebtedn�ss and obliqa- �
<br /> �� --
<br />--�.�,� ';, ;„ �`'� �%,.,; ,� tione of Horrower (or any o� thea i� more then one) to Lender �-s�a�;�►��-�-
<br /> ..,,��„�, � � wbether direat, iadirect, absolute or continqent and whether �:�:.-.
<br /> J'� !���H`'����" ' � arising by note, guaranty, overdraft or othe=wise, The Note, �-==-_=�=�_,
<br /> =''�?���"�' • '> , this Deed of Truet and any aad all cther docwaente that e�ecure
<br /> � .,.,.. , .�►_.�.--.
<br />_;�`�': � the Note or otherwise executed in connection therewr3th, imc�.uding :�.
<br />=- �� � ' wit6out limitdtiaan guarentees, secur�.ty agreements and aesign- -
<br /> .. �; �� ,�,,._,�,..�; wenta of lsases a�d rents, ehall be sefarred to Imerein ae the �-���
<br /> .y,�_.' i,��,.,►,.�„���;;_ •LOa1A I1[1Bt1c'q#1e11t8�. ' ��Y
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<br /> ,.::,q•f. '� . . �':: �,.;,, TRUSTOR COV�ANTS 71�TD 11GREE8 WITH L��6Z .i1lS FOLIAW3: '�v.ni�.__
<br /> :�lt:'.1- � . J�.. .F.'; -
<br /> •. ' .. '�,�.;'%. �. �.
<br />,";:,�;;�� � � , , �<. 1. Pavment rs� Yndebtednes�. All indebted�m��s� secured - ---
<br /> �,�,�,.�.,,�
<br /> . , :n ��;�. ` ' �r, hereby shail be p�fd when due. _
<br /> � ',:t!' -�,;;-'' �__.
<br /> y �t '`: ,!�' 2. Tftle. Trui�toa is the owner of the Property, has the
<br /> -�;��,,.. � "� �' ,r?.'�``'`:� riqbt and authori�ty to convey ttn� �roperty and warraats that the �.ti=�-�`
<br /> ,�, ... � :•.,:�:,;:�. . tr� .." „-
<br /> •;r: ;k. ��,;;..;;�: .F��•;ti��y liea created hereby ie e first aand �Orior lfen ott the Property and r�� •J�.
<br /> ��t;'�;, " ' � �?�`�';� the execution and delivery of the IDeed o� �rust does not violate � �- ' _
<br /> �:��t�'" '�:�i` any aontract or at her o b l igat ion to w h ia l� �rus tor is s u b j e c t. _
<br /> :�ru''.. - s��f — --
<br /> �`� �'f`�r� . ' ':'}.i�. ��•., ,P"''^,''�v"
<br /> s i° „ ., .�y'r.,';.',, 3. Taues. Assessments. �'o �ay before deli�gRnent all tazes, � _ 1:
<br />�'�" � .. � "...,;,�;;;:Y� special assesements end all ot�s charges aqair►at the Property ,��.s,
<br /> - . .s �. � � . now or hereafter levied. �-_
<br /> - _i;. _ .��'. �.___ ._ -
<br /> . . .-__ �+ ---"`�-'.
<br /> .,, 4. insurance. To keep the Property insured agaimst damaqe - �,,__
<br /> : , � by fire hazards included with the term "extended caveraqe" and �, •^
<br /> ., � .. ���� _ such other hazards as Lender may require ira a�o�un��s and with com- ��� . �� • `��
<br /> �� "'�� �' :�;: panies acceptable to Lender, aeminq Lendl�r a� a¢n aaiditional named :��r�.ZF � `�-
<br /> •��-;_ �.`��' •�� -����+`m`' insure d w i t h loes pay a b le to t he L en d er. A� c a s e o f l o s s u a d e r .�•. .���;�,;:��>=-
<br /> �: � �fh�•. . � ..
<br /> +�•�•- � � • � . ` such policies, the Lender is authorized to ad�lu�t, collect and a.�eAj_y._
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<br /> ,j.,: :�.,; , , ,,,,,�;,,��tk. v•' compromise all claime thereuader and shall have tlne option of
<br /> � ;. , � , � �� . applyinq all or part of the ineurance prccaeds (x) to any iadebt- ��,<,�,,,�,,;.y�E,
<br /> ��i� '- ; .;� ,,,;,��}jf '+;! edneas secured hereby and in s�n�� arder as Leader may determine, ��►�s'�-"-
<br /> ''� � �• '+ ' � ''! •`� ii to the Truetor to b� usecD �o� the re air or restoratioa of ��`�
<br /> . . ,�,�„���ti��'}4,�y;�r' ( ) P e�a�,•�•_
<br /> ;_ ;���:;,:.����;�ci�..,tr�l the Property , or (iii) �os any other purpoae or ob ject satis- •1=,�.�,_--
<br /> "��'�`"'��''��+��`'i.'�ti� r facto to I.ender without affect�.� the lien of this Deed of ��;,"*;•;=��
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<br /> '�_ t,� ��•�1 ;•`�r��� �' Trust for the full amount secure�1 hereby before such payment ever ;��.�;'
<br /> �va��`�1��",'• took lace. An a lication of P�ceede to fndebtedness shall =��'
<br /> � {�3;��1� p Y PP 1� r��°-_
<br /> " " � '� :��:, ����r'�� �{� �� • not extend or postpone the due date of any payments uader the - - = -
<br /> � `}�'�'��� "`������''' Note ox �cure an default thereunder or hereunder. � -�
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<br /> �i!"`�r��: #�` " l�� � � 5. Eecrow. I1pon written demand by Lender, Trustior shall
<br />:•7-�'�; . ` �4'� �Fr'..��Y�e:j�",��
<br /> ';<<'�`� ' :�:�t��:`�: ,.. r��� pa� to Lender, in euch manner as Lender may designate, sufficieAt
<br /> •����"���'���"�'` ��� eaw�s to enable Lender to pay as tII�ey become due one or mr�se of . �
<br /> �,;._.:. ,...,: . ,.,
<br /> �; , . „ � ;+;;;,':,,::� the foll��aang: (i) al l taxes, asaessments and other charges
<br /> ' �_�'°��`<��` ��r¢.�:��r;s� aa�ainst tme Property: (i�.) the premiums on the property insurance �.
<br /> �.�: .:�: �:,
<br /> � � �respuired h�reunder, and (iii) t�ne premivais on aoA7� raortqaqe ineur-
<br /> , • . •
<br /> •� . ,�?s,.,;r�,.��` acoce required by Y.ender. .
<br /> � � ( S�•}.
<br /> � ���f�'����'i-����. � ��.�� 6. �aintenance. Re�a�;s and Com�l�i.a�e wit�► _Laws. �'rustor
<br /> ��` ,,. �,' �%E`��`. ,��.�{,�-,;i`� , s�eall kee the Pro ert i� ood c�nditi�u� amd re ir• s�a�l
<br /> �.'• . �� P P Y 9 P8 � �
<br /> � �, 1. 't .j'�1�`''.�;'�;" rom tl re afr, os re la�e, atQgr i�nprovement whic�n iaa be dama ec�
<br /> .�; ..,. ,��:€;t`tt,�, � .. . ED P Y P P Y �
<br /> �`�: � �;��,`y ��� ,;•;;,; ���� mr destroyed; sha�A nat commit �r �ermit any wast� or deteriara-
<br /> . ��'1���.'.�:'�:_ _f_' _ �• t i � ��.. L 1• � A 1 i I. •��1.r��w�-i sl lu
<br /> _�- - � -. •- • �.i'via va. �.tlo ci.'v�s`sx�.l� a��Qa�. u'v� T$tii'vvv� uoI".avaiS.. :.S +..........��f
<br /> l�_ :
<br /> , : �`�.��,'J•� � � alter any of the im�rc�ev�e�ents on the property; shall not commit,
<br /> � suffer or permit a�� a�tt to be done in or upon the Property in �
<br /> � �` , � violation of any �aw, ordinance or requlatioa; and shall promptly
<br /> fy'� - _ discharqe at Trustor's cost and expense all liens, encumbrances
<br /> '•;. � and charqes levied, imposed or agsessed against the Property or
<br /> ; �4.. `,. , �,, any part thereof.
<br /> � , . ,
<br /> ; � � , � 7. Eminent bomain. Lender is hereby aesigned all compensa-
<br /> . � �, '.�,�� , ��� � tfon, awarde, datnages and other payments or relief (hereinafter
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