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<br /> - . r . . . �is aeea of srust sbal� ` �
<br /> - (a1 `?he, papment�of the_priacipal at�a aad i�tesest ' �
<br /> — � evideaced bp' Sorrc�+e�'s ConstructiOn 'Line '.of Cxedit '. . ,
<br /> - -_— , - - - Dsa�r l�Ote" da�ed `3�,i�- - � : _ ; �13�3 . hav�aq a �= -_ � - . ;
<br /> _ • - , , matnri� date of Dece�ber 13, 1993 �.�i tf ie ar�qina2
<br /> -- � principal amv�t o ao �Dollars .
<br /> , f=�gOoO.O�D� f. aad anp an a f ca ons,.extensions. .
<br /> ---_ _` and ie�� thereo£ or thereto and aa3t and s+ll fiitn.re �
<br /> =- � < - advances� a�d seadvances� herenn�der gmcsuant to� one oi : �
<br /> --- — � . � awre p�ra�issorp",uotes or credit agreesents. [�erefn � .
<br />:�c`.f . � cal�ec] ,'Note")� , ' ' ' �. :
<br /> . � , � �b)• The paj�ment of ottser �mas �dvanced by �eadet_
<br /> ,l �
<br /> - - � to-prntect the seaurity of the`w�tet � � ` .
<br />_- f . . � , �
<br />-�,�4,. • ` . � �c) The performaaae of .a13. cov�Wnts and agree-_ '
<br />__t-. .; - - - meats of Borrcwer set forth,hereinj and ,.: � � , - --
<br /> ' ' Id) A].1 i.n�eYiteBness at�d obliga�tions of HatrvWe�c. ` �
<br /> = �`� '� ' to I.euder whether direct� indirect, absolnte or con- � —
<br /> ` .�.,a�-- aver- . .
<br /> : �:°;��;::;`�:'.�',�r= tinqeat and ahether arisinq by nate, qnaranty, `-
<br /> � -- f�� .�:. �lraft or other�r3.se advanced for the purpose of making _.
<br /> -- � -- -- - - 3�nproveme�rts to the,real es�a�e`Iiereinabov+ff descr�bed. - • - �
<br />.r .' ..- . E. ��h
<br /> � The Note. and any and all other docnments tbat •secure �
<br /> . -�_�.�.�- � ,. � the Hate or otherwi$e execated in conae�ion therewith. �°�.��-v
<br /> � � '-� ' inclndiag, without lfanitation, qaarantees, secnrity � �;��=;;_:-_
<br /> _ °_
<br /> ---- -:;.:.,.�� � " � � agreements aad assiqanteats of 2eases and rents, shall �,
<br /> . �� :r^.^� : .. -
<br />. ,��F.-: :_ be referred to herein as the "Loan Znstrdmeats.• . —�;.
<br /> � ����-
<br /> � � �.�'``� � ° , Borrower, to protect �hhe security of fhis Deed of Trust, ���
<br /> . `�-.� � :� `� . � � aoveaants and agsees with Lender as �ollows: ;��_`
<br /> . .._. _ ' _ ......._ . . - � . . ?7^Y F'_= .
<br /> - :. . . . l. Pa nt of Prii�ci a2 and�Zaterest. eqrrower sha]:1 �:.��y`����
<br />' . prompt2y pap when due the pz c pal oE and interest oa, and any �� �; � ;
<br />� - ' � fees or charqes pronided �n, the Note or in thi.s Deed of Trnst. � _ _
<br /> , .. . . ��- �
<br />. �` � ' ` � � Z. Title. Borrower is the o`mer of the Property and � �,�
<br /> � � :. � � � � has the riqht and aathoritp to convep the Property. � . -_ _
<br /> .�, , _ . . ��..: �_
<br /> ' � � � � 3. Taxes Assessmeats. Except when they are con- '. � �.'
<br /> �. -. � - �. •
<br /> teated in good a tb, to pay when dne all taxes, spevial assess- � � � �- �� �
<br /> � • � �� �� ments and all other charges against the Property and, upon �---w:��� •-�--.� :
<br /> � . � ' written demand by Lender, to pay to LenBer such a�aount as may be �� - .' �-
<br />- ' �`-. ~ , snfficient to enabie the 7�ender to pay such taxes, assessa�eats or � f. .. :�
<br />�,,�� �- ;;.� : � - , � other,chnrqes as they become due. � � . ,„ . �
<br /> �; : : o ;.._ . ..._... At the beginning of co�struction or ;�� ;.--- ,-�
<br />; .'� . • 4. Insnrance.
<br /> ,;;�-�. ,, renovation of 1 ng, to keep the Property insured agafnst , •
<br /> � �'�"�,,° � . � damaqe by fire, hazards included within �he term "all risk
<br />= � �7='�°= �- - � - coveraqe", and such othes hazards as Lender may require, in - _ :.- . :_ : .:
<br />���- . . ' amouats and with companies acceptable to Lender,� inclnding a
<br /> . standar8 mortgaqee clause with loss payable to the Lender. Ir� ��� �
<br /> � ' case of loas� undes such poliaies, the Lender is authorized to , ` `
<br />. �! � ��� � ad�nst, coll�ct and� comprom3se all claims thereundes and sball ;
<br /> -� �� ;,,:� ..�-�� ' ., have the option'oF applyinq all or.part of the insnran�e proceeds ;.• , .
<br />=_ - � �� �� �---�-�- (i) to any� indebteduess secure8 hereby and in snch order as . • .
<br /> - � � � Lender may determine. �if) �o the�Borrowes to be used for the ' , ' ,
<br /> - . . ' repair or restoration of the Property ar fiii) for any other � .
<br /> ��~N4 � �� " .` .� � purpose or object satisfactesy to Lendex without affectinq the ; .
<br /> '� � ��'�-:y • ��� � � lien of �tbis DeeB of TY'us� for the full amount secnred hereby . ; �
<br /> -�=_' - =k�:.:��: � before such.paymea� evez tdak place�. Aay applicatiioa of proeeeds ,---- -_-- .
<br /> ...�. �,�.,_.:r..
<br /> ,'f:-: .._� ; to, indebte8ness shall not extend cr pcatpcne the due date of any • .
<br /> =-'':i,_ :-_:., ..,_, � _ � . �aymen�s un8er the Note, or cure any default therenader or here- ,
<br /> -- —� �!'-'�'�'' ___ U�18e?'.• � . . '
<br /> UZ
<br /> - - _.f: -. . .
<br /> � 1` 34'��`�� �' S. b�aintenance. Re afrs arid� Compliance Wfth Laws. • , ,
<br /> ._.�• 1 '�-'�r�` , . SOr10�P@= sha12 �teep TJ1e i'=0p@�Y 7.A gVOQ cvAaa.tii'va fiiaas ial+asa j •
<br /> -�"'"=-�:`. ; `:` " shall pramptly sepai� or seplace_ any improvement vhich map be . +
<br /> � :. � -i���:, ` � •
<br /> . � . �
<br /> - dam�tqed pz 8estro�edx shall not commit or permit aay waste or . .
<br /> .. . :
<br /> � � �,�_3��: .�:.` . - : � deteriorat�.on of tfie grapertpt�-sTiall "not Y�m�v�: "demolislr vr_ _ __ ;=__.__-----:
<br /> snbstaatia2lp alter any of the #mprovemeats on the Propertys
<br /> r�' � - .� ' s-' , shsll not co�it, sn�fer or permit any aati to be done iu or npon .
<br /> _ . � . .
<br /> - . �;.�;.,`l.t" " � � � . -2- . � � � -
<br /> , ,�.,..... . �. . .
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