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202301774
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Last modified
4/13/2023 1:06:30 PM
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4/13/2023 1:06:30 PM
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DEEDS
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202301774
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202301774 <br />southwest corner of said Greenwood Subdivision; thence deflecting left 89°51'10" and running <br />northerly, along and upon a west line of said Greenwood Subdivision, a distance of Three <br />Hundred Twenty Two and a Two Hundredths (322.02) feet to the northwest corner of said <br />Greenwood Subdivision; thence deflecting right 89°45'07" and running easterly, along and upon <br />a north line of said Greenwood Subdivision, a distance of Three Hundred Forty Nine and One <br />Hundredths (349.01) feet to the northwest corner of said Greenwood Subdivision; thence <br />deflecting left 90°00'30" and running northerly, along and upon on west line of said Greenwood <br />Subdivision, a distance of One Hundred Twenty One and Two Hundredths 121.02) feet to the <br />northwest corner of said Greenwood Subdivision; thence deflecting right 90°02'50" and running <br />easterly, along and upon the north line of said Greenwood Subdivision, a distance of Two <br />Hundred Ninety One and Thirty Seven Hundredths (291.37) feet to the ACTUAL point of <br />beginning. <br />together with all buildings, improvements, fixtures, rights, privileges and appurtenances located <br />thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and <br />remainders thereof, and such personal property that is attached to the improvements so as to <br />constitute a fixture, including, but not limited to, heating and cooling equipment and together <br />with the homestead or marital interests, if any, which interests are hereby released and waived, <br />all of which, including replacements and additions thereto, is hereby declared to be a part of the <br />real estate secured by the lien of this Deed of Trust and all of the foregoing being referred to <br />herein as the "Property". <br />Borrower owes Lender the total sum of Two Hundred Fifty Thousand and No/100 <br />Dollars ($250,000.00) evidenced by Borrower's Note of even date herewith (hereinafter referred <br />to as "Debt") which has a stated maturity date of December 15, 2048. This Debt shall include <br />any and all modifications, extensions and renewals thereof or thereto and any and all future <br />advances and readvances to Borrower (or any of them more than one) hereunder pursuant to one <br />or more promissory notes or credit agreements (herein called "Note"). <br />This Deed of Trust secures to lender the Debt evidenced by said Note, the payment of all <br />other sums, with interest, advanced under the provisions hereafter to protect the security and the <br />performance of Borrower's covenants and agreements. <br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal <br />power and lawful authority to convey the same and warrants and will defend title to the real <br />estate against the lawful claims of all persons. <br />BORROWER AND LENDER AGREE AS FOLLOWS: <br />1. Borrower shall pay when due, the principal and interest as provided in said Note. <br />2. All payments received by lender shall be first applied to advances which may have <br />been made by Lender and then to interest due and last to principal due. <br />3. Borrower shall keep the improvements on said Property insured against loss by <br />fire and hazards included with the term "extended coverage" for their insurable value and <br />policies for the same shall include a standard mortgage clause showing Lender herein. In event <br />of loss, Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds <br />shall be applied to restoration or repair of the Property damaged, unless both parties otherwise <br />agree, except if restoration or repair is not economically feasible or Lender's security is not <br />lessened, otherwise said proceeds shall be paid on the debt herein, whether or not then due. <br />4. Unless Lender and Borrower otherwise agree in writing, any payments or proceeds <br />from insurance shall not extend or postpone the due date of the monthly payments provided in <br />said instrument of indebtedness, or change the amount of the payments. <br />5. Borrower shall keep the described Property in good condition and repair; shall <br />promptly repair, or replace, any improvement which may be damaged or destroyed; shall not <br />commit or permit any waste or deterioration of the real estate hereinabove described, shall not <br />remove, demolish or substantially alter any of the improvements on the Property; shall not <br />commit, suffer or permit any act to be done in or upon the Property in violation of any law, <br />ordinance or regulation; and shall promptly discharge at Borrower's cost and expense all liens, <br />
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