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<br /> : r� 91�-102968 �`��'�-
<br /> .. ., - -
<br /> . •tr� .�.�.�'•�•a' Thi• peed of Trust ohall seaure:
<br /> .. �, ��;,. '..
<br /> � (a) The payment of the principal sum �nd interest +�.•�;,�`,�-�---
<br /> ev3denced by Borra�er'� Canetruclion t,tnw �t' Cradit ��`-'°-- ___ _ _—__
<br /> .''� .....' ; .,�.�,
<br /> Araw Note dated Mav 1a , 19 91 , having a _ _ _
<br /> � `' i''' " meturity dnte of No embe 10 1991 ,�n the original E•:=��--�
<br /> ' '"'""� principal amount o ��ort�-,.�five thousand and no/100-- Dollars -- ;,�.
<br /> ���-°� and any and a mo cat�ne, ex�en�ione �'�"'�'"`--
<br />���;;`;'. ;,,;�;���;,.. ,. (S 1 � . . �.�����,:��
<br /> , an zenewa s thereof or thereto and any �nd all future . »L��`=-.�,.�.y,,,___
<br /> ,; advances and readvances hereunder pursuant to one or ° .j.�,
<br /> ���� � more promiesory notess or credit agreemen�a (herein �:•� _������'-"_���
<br /> .;.ti�'•.. . �. oa�lle�i "Nore"1 i - _ ---�_.--_-
<br /> a��•�.
<br /> � � ���``` (b1 The payment of other sunes advanced by Iaender -
<br /> � to protect the securfty of the Nokep ��
<br /> . � . .,;..,,.;..,,5,��.
<br /> . ' •. . �. ....
<br /> :;�. (c) Ths performance of all covenante and agree-
<br /> :;�i� ments of Horrower �et forth hereinr �nd �_---z---�s-�
<br /> 1��.''�.-
<br /> Id) All indebtedness and obligatinns af Borroxer ��'y���=''_-
<br /> _ �, R;��;%.� n,,;'.:. _-
<br /> �"� ��''�'''�"' - to Lender whether direct, indirect, absolute or con- �f:�.=;,,;.;s_
<br /> � � � � �� � '- i• tingent and whether arising by note, guaranty, over- " �.���
<br /> .�. .,,.:,,:.,;:�:', ..
<br /> draft or otherwise advanced for the purpose of makinq :a�i�-�:-�c:,;_
<br /> , � Y � ,h ., impravements to the real estate hereinabove described. �.��;� _
<br /> The Note, and any and all other documents that secure " �.��"", � +"�u
<br /> ,. . ':t'�..1�,j:�,r�:..._
<br /> � � � the Note or otherwise executed in connection therewith, �.'�',���,t��:,�����°°
<br /> including, without limitation, guaranteea, security � ^'� �{};�°��``
<br /> , , < . ,: 'i;:- _�
<br /> agreements and assiqnments of leases and rente„ ahall �-*��:;l�;i;�;;�_" _____
<br /> =_ �r,,:.: ;r----'=-- bc rafe�red to herein as thQ "Loan Instrumenta. ��`__'___ «___�
<br /> .',,1 `��'�� � . � � ,'� �� �
<br /> •�.'_'s; fr;,,l��. Borrower, to protect the security a� this Deed of Truat. _,_
<br /> ,;, � . aovenants and agreQS with Lender ae follo�rs: �_,,; ,�1.s�`-
<br /> . „� f�` ;:c:,:f�';r.'•r�_
<br /> `;r�-:..�{;�. 1. Pa ment of Princi al and Intereat. Borrower shall �N>;!�t'f�.`,;:_�`��
<br /> 'F,�"'�' a when ue the pr nc pal of and interest on, and any h ;� :Y.�°?:;
<br /> promptly p y •
<br /> ' " � � fees or charges provided in, the Note or in this Deed of Trust. ������• °
<br /> °��%� :r.,-:,�
<br /> a • ..,�;y:.. —
<br /> �. . 6 1 n...c__�
<br /> 2. Title. Borrower is the owner of the Property and _
<br /> " H has the right and authority to convey the Property. �j::=y
<br /> ' � • _;-...
<br /> 1 ' � 3. Taxes, Assessmenta. Except when they are con- '� ,
<br /> ��;. a� tested in good a t , to pay w en due al� taxes, special aesess- ; _-�
<br /> ments and all other charges against the Property and, upon ;�
<br /> . l,-��;:, written demanc3 by Lender, to pay to Lender such amount as may be ; .`...,
<br /> ' `' ` � aufficient to enable th� L�nd�r to pay such taxes, asseasments or ., ,
<br /> ..��'<:�,, :. d
<br /> '''���� � other charges as they become due. �: • . -_..
<br /> . ;i;�,�:;�.,. �.�: _
<br /> , •,,�, .;�,� � . .. _.
<br /> <<"�'� 4. Insurance. At the beqinning of construction or .;,;�;�;
<br /> .�'•�� �� � ° renovation of bu 1 ing, to keep the Property insured against • -___
<br />'` : '•.1!'• : � ' damage by fire, hazards included within the term "all rfsk ; �-
<br /> ' �';{;:,� • coverage", and such ather hazards as Lender may requir�► in
<br /> ;, ,.
<br /> txmaunts and with campanies acceptable to Len der, inc lu c l i n g a
<br /> �% .. standard mortgagee clause with loss payable to the Lender. In ,
<br /> ,�::.�',,. ,�. .
<br /> •f�` , ,. I case of loss uneier such policies, the Lender is authorized to
<br /> adjust, collect a��9 compromise all claims thereunder and shall �,:�. ,
<br /> have the option oE applying all or part of the 3.nsurance proceeds � .
<br /> .'f (i) to any indebtedness secured hereb�v anc7 in such arcler as
<br /> � , Lender may determine. (ii) to the Barrc�tiver to be used for the
<br /> � � repair or restorat3on of the �coperty trr (iiiD for any other
<br /> ' '•,�, `. purpose or object satisfactory to Lend�e� witho�� affecting the
<br /> '',; � ' lien of this Deed of Trust f.or the fulII. amount secured hereby •
<br /> before snch payment ever took place. alnp application of proceeda
<br /> � *., {nAPI'1fPA�1B55 sha1Z not extend or postpone the due date of any
<br /> payments nnder the Note, or cure any defaulr. thereunder or nere-
<br /> uader.
<br /> � 5. Maic�tenance, Re airs and Com liance with Laws.
<br /> Borrower sl�all �p t e Preperty n qoo con itxon an repa r=
<br /> � shall promptly repair or replace any improvement which may be
<br /> � damaged or destroyed= shall not c�mmit or permit any waste,or
<br /> deterioratinn of the Proper�yt shall not remove, demolish or
<br /> � substantially alter any of the improvements on the Property;
<br /> shall nnt commit, suffer or permit any act to be done in or upon
<br /> ; -2- j
<br /> �
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