Laserfiche WebLink
202600761 <br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, <br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the <br />rents, issues and profits, reversions and remainders thereof, and such personal property that is <br />attached to the improvements so as to constitute a fixture, including, but not limited to, heating <br />and cooling equipment and together with the homestead or marital interests, if any, which <br />interests are hereby released and waived, all of which, including replacements and additions <br />thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust <br />and all of the foregoing being referred to herein as the "Property". <br />Borrower owes Lender the total sum of One Hundred Eighty Two Thousand Dollars <br />($182,000.00) evidenced by Borrower's Note of even date herewith (hereinafter referred to as <br />"Debt") which has a stated maturity date of April 15, 2029. This Debt shall include any and all <br />modifications, extensions and renewals thereof or thereto and any and all future advances and <br />readvances to Borrower (or any of them more than one) hereunder pursuant to one or more <br />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 seized 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 pay all general real estate taxes and special assessments against the <br />Property before the same become delinquent. <br />4. 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 />