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<br /> � � 91- 102'730 �.�L�
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<br /> � ,�,b„ r ��� Thi� O�ed o� Truat shall sacur�: ���
<br /> �I �i.�..M,.Y.�.�.� i - _—
<br /> . d�"'I. .
<br /> � `,,:;��,.�.;4, .^ (a) The payment of the princip�1 aum and fntereet _��__ ._-
<br /> avidenced by 8orrower'a Con�trualion t,ine of Credit
<br /> • '.`�" .��;'-,;..�u`� , � Draw Note Aated 1laY 8 , 1981 . having a
<br /> �- .. � _ __ ._ ------
<br /> maturi.ty 8at0 af •�'n the originai -- -
<br /> ,. ';�„:�:�" �n prit�aipal emount o -� ve �ousancT& No/100 Dollars �_-.. _=_.�::„._.r.�-:�
<br /> � ��� ! �S�S5 Q�,) , and any an a. mod cat ona, extensions
<br /> U`'��' � and renewals �hereof or tihereto and any �nd all futiure �- �- ��•�=-����
<br />���.� '� advanaaa and rea8vancee hQreunder purausnt to one or
<br /> a,..... . ,,�, ,.
<br /> . - more promissory notes or cre�it aqreementia (hereia
<br /> � . ' oellad "Note")i �"`","'�'�'"�_
<br /> ;. �'< (b) The payment of other sums advanced by L.ez►r,ler �, � -
<br /> �' � tA protect the security of the Ko�e s ���• «=:�• �L
<br /> :.� ..�. � � (a1 The pe�cfera�aace o£ at� cav�ectants ana aqree- �;;--..--- ��' '`,,�``'•
<br /> �'��' � �.: � ment� of Aorroorer set ferlh hereins and --_�,.-_---
<br /> . . . , ..�7.`�. _
<br /> ' • `�''��� `� r� (d) All indebtednese and obligations of Horrower } " ;•',:��,,.,�,:.
<br /> ' to Lender whetiher direcE, indirect, abeolute or con- '�'r;;;r.'
<br /> � � i �i. �w. �r, sfl�.:
<br /> � � � � ' ` ,; tinqent and wheth�r arisinq by aote, quaranty, over- _„n��u _,_---
<br /> draft or otherwise advanced for the purpose of making � .,;� '�=�y��:
<br /> improvements to the real estate hereinabove described. , � �, ;� � ;F;.�:,:R,�
<br /> The Note, and any and a]1 other documents that aecure ' �" � ,} �.� .�
<br />!� • • the Note or otherwise execated in connection therewith, �r�, ��-L =
<br /> . ' including, without limitation, quarantees, security ,, �,
<br /> ; ,,, , agreemen�s and assiqnments of leases and renta, shall �,,,�„�„�;,"i��
<br /> --- �--���,, b� xQp�,�xed to herein as the "Loan Instruments." _�_.� .�.�
<br /> , + , . ,� r� ����__. __
<br /> Borrower, to protect the security of thia Deed oE Trasti. � __ �T�f`�
<br /> �� covenants and aqrees with Lender as followss 'N`��i�_.,�
<br /> • .,',. ^�
<br /> . �.,{i ',:. ''� � �
<br /> � 'rIt !r�N.�..�.��
<br /> � ` �',";`'�� , 1. Pa ent of Princi al and Intereat. Borrower shall 'o��:�,��.�,..;�_�
<br /> �" ' •; promptly pay when due t e r ncipal of an nterest on, and any y � ��,:��
<br /> ', ,�:{ �",: • p '�"�`'���x! r:=
<br /> feea or ahargee pzovided in, the Note or in this Deed of Trust. '_,�.,,,,��,,,� , ;,�..
<br /> � " � .��•h�":
<br /> • � ' ' 2. Title. 8orrower is the owner oE the Property and 4 -�� '':t , - _
<br /> ,� 4 4 FIl�
<br /> � , . has the riqh� and au�hority �c� convey the Property. � . �_,,;��"' �°
<br /> , ., f. `r', "—.___.
<br /> ' ��.,,:;... 3. Taxes Assessments. Exc�pt when they are con- � �=�... ^
<br /> ,�'��;,:;' # ' tested in qood a th, to pay when due all taxes, special assess- � -
<br /> � � � ' ments and all other charges against tt�e Property and, upon . .
<br /> . � � ,`r���•1!'1.:, ` 1 �' --
<br /> �,�,��,:�<,; . written demand by Lender, to pay ta Lender such amount as may be
<br /> ' �.�;,�; ;+ •'� '��,;;1%;,�" � sufficient to enable the Lender to pay such taxes, assessments or ; � t.�;4-�--s>
<br /> �''�� `� •� �• '. o�her charge s as they become due. � , �
<br /> , . • ,� i • '..�`',
<br /> � R „ � ' 4. insurance. At the be innin of constractioa or , , .,., �, �'''�;
<br /> � . 9 9 . l�tli�;�_
<br /> '. .;��?Y�:,;•... ,l g p g .`��:,,�,;:.-��.+�,..
<br /> .��� ,,..,�•;, �-,: renovation of bu l�d{n, to kee the Property insured a ainst
<br /> ' � ::':�����'" �,��'���' hazards included with3.n the term "all risk !� '•� '� r�.-{«,_
<br /> �.�,;1�: .� ; damage by fire. , . .
<br /> `'��� ' �' �''' �';� coverage", and such other hazards as Lender may require, in , ,
<br /> ' �� ; •� � � `; amounts and with companies acceptable to Lender, includinq a ,..,
<br /> �� '� � � ,,;:�:i:l, �`<,•`,;; standard mortgagee clause with luss payable to the Lender. In I
<br /> `�r;':;!��_ .. '��''� case of loss under such policies, the Lender is authorized to .
<br /> ...;;�_-'.' adju�t, aollect and compromise all claims t�e��eunder and shall
<br /> have the option of applyinq all or part of t�se ie�surance proceeds
<br /> � (i) to any indebtedness secure�3 hereb�:• and ir. sv,ci� vrder as
<br /> � LenBer may determine, Qii1 to the Barr��wer to be use� for the
<br /> repaar or restoratiore af. t�ne ����;�e:ty or (iiip f�r any other ,:,.,,,,., ,�,,-
<br /> '� � ' , purperse or o�jert satisfacto�;r to L�:C�er wi wt�cat •a�fectinq the ' ' ' ' r: . ..�., i�!
<br /> lien of this Deed of Trust fvr th�e �raT�l am�u��t secaased hereby , ':�
<br /> � be�ose such payment ever took plac�. A.rzy appl�.catson Qf proceeds '
<br /> to iandlebtedness shall not extend or pc�tpone the due clate of any
<br /> , �.�i....l� 4L.e.reffnaor f1Y hwre�
<br /> -- . -:�- - payments under �ne rivice, �t �vi� a,-.I YriI�YMa�. ......_�......__ -- -----
<br /> : � under.
<br /> � 5. Maintenance, Re airs and Com liance with Laws.
<br /> , � Berrawer shall Qep the Property in good cond t on are repa rt
<br /> . , shall promptly repair or r�place any improvement which rteay be
<br /> � damaged or destroyed; shall not commit or permit any waste or
<br /> � deterioration of rhe Property; shalZ not reraove, dea�olfsFs or
<br /> • scrEsstantially alter any of the improvements on the Property;
<br /> � sFraYl not c�mmit, su�fer or permit any act to be done in or upon
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