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<br /> � .-. - `Thfs.,Deea of 'Psust sball. seCtt�e' . '. - � .
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<br /> ` � � ,: . (a} The payeeat af the.p�iacipal suw and intea�st � �' ` � . •
<br /> � 4 � eviden�ed by� B�aCra�rer`a Con�trnction Liae of �C�edit � .. . �
<br /> ' Oraw ltote dated � � Ju14 �8 . 19...�I . .Aaving a � . �
<br /> aatuxity date of u ar9 1. 1992�� .�n the: arigin�l � - �
<br /> :-- ' - - Dol2a�s
<br /> � ` . . Pri.acipal �auaonnt o si:tv thous�nd nqfl , _ - --- --
<br /> ti 6o u0o.o0 �f . and any.an�'�a"fI a��cat onsi extensions. - ;
<br /> rer�eW s thereof or tl�ereto and anp ana a21 fn�ure � __ '
<br /> advane�s and reAdvances her�nnder pursuant to, one or � ,. ,
<br /> • a�ora prowisaory nqtes o� c�ced�t agreawenta iherein � � _ .
<br /> ' • called •Rote'):s . �
<br />_-= tbI The paysent o� other sm�s advanced by f.ender . � �
<br />-- - , to proteot the secnrity o€ the Notef . -
<br />._��. _ . .
<br /> � ' tc� The perforiance�of aIl covenants and aqree-
<br /> - . � aents of Borrb�wer:.set forth berefn= aad . .
<br />-_ . �.. -- . • � . •
<br /> - � td) 1�11 iadebtedness at#d obliqatioas af Bc�rra�rer� � �. "
<br /> � to i,ender whether,direct, indfreet, absa�ute or con- �
<br /> ' tinqent and Whether aris�aq by note, gua�anty, over- �. . �:_ � ,
<br />-- � @raft.o; otherwise advanced €or= the .pqrpose of aakinq -:,.: ,�4_ .
<br /> ` iaprove�aents to the real estate hexeinabove desaribed. . - � .
<br /> - The Note, aud aag and all attier_ dbcun�nts. that secure: , - _ —
<br />- . . the Note or oth�rwise execute8 �� connec�E3oa t$ere�th, . . � . . �_z_.__---
<br /> � including� w}thout limi.tation, quarantees, security
<br /> � � agseements and assiqnments of leasea _and ren�ts. -shall• � _ . _
<br /> • � _ be referred to herein as the "I+�an Instruments." --
<br /> � Borrower, to protect the security of thia Deed of Trus�, � �
<br /> � covenants and agrees with Leader as follo�+s: �
<br /> ` - 1. Payment �of� P�.nci a2 ancl Interest. Borrower shall . � : ��_
<br /> promptly pay s�hea du� �se prsnc pa1 vf and atereat on, and any =---- —
<br /> fees or charges provided in. the Note or in thia Deed of Trust. . ---��_
<br /> '. • :a.;'a�Y�'
<br /> �` � 2. Title. Borxawer is the owner of the Property and ..,,
<br /> :�,_
<br /> � ` has the right an authority to convey the Property. ' �� �`�� �
<br /> Y l._.
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<br /> , , • i� � • 3. Taxes Asses�aents. Except when they are con- '-"= �-�•:
<br /> tested fn qvod a th, to pay w en due all taxes, apecial assess- � , `��-������`
<br /> � � �� �tents and all other charges against the Property and, upom '"�' �-
<br /> �_.._. ;-'..':: .
<br /> ;.. written demand by Lender, :to pay to Lender such aiaaunt as may be
<br /> � • sufficfent to enable the I.ender to pag such taxes, assessments os � ��.._ .�..:;-;�
<br />. � ' •� other charqes as they become due.
<br /> , � .
<br /> ' �!. Insurance. At the beginninq af conatruction or �`�`'� �
<br /> � � renovation o£ buildi g to keep the Property insured aqainst �
<br />- damaqe by fire, hazards included within the term "al� risk �.. , .
<br /> _ _ _ �.-.- caveraqe". and such ather hao:�.6s as L�tuler ncay reqfsfre. �n � _ _
<br /> •,�.N::, �' amounts and with cosaganies acceptable to Lender, 3nalucting a �
<br /> ::�:;��� standard moa�qaqee clause with loss payable to the Lender. In ,
<br /> �' a: � case of loss under such polfcies, the Lender is authorized to �
<br /> � ry'':';_�.� ad just, collect aad camgromise al l clai.ms thereun8er �:nd� ahall ';
<br /> � have the option of applyinq all or pazt of the inauranCe proceeds � ,
<br />� -:-:,�;. : �"�'_-�, � (if �o any indebtec]ness secured hereby and in such ordez a� E
<br /> �. �'-_.`��-'-_`�-� Leader may �determine, (ii) to the Borrower to be vsed for tha E� � .
<br /> -�� �``"�� repair or restoration of the property or (iii) foz any other �
<br /> .,;�-:.: .�. . ��..�... �. ,
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<br /> .�r.l:.; .�._,i; puxpo�e or object satisfactory to Lender Without af�ecting the
<br /> - ::�j�-��,��. lien og this DeeB of Trust £vr the fuli amount sec�sed hereby � -�
<br /> ��,:.=�' -� ,.
<br /> :;,;. . ::� � hefese such payment ever took p2ace. Any appifcatiian of proaeeds ;
<br /> � i� :� to indebtednesa shall not extend or postpone �he due d'ate o£ any '
<br /> �:�z�;'•_ .
<br />. .;,;,._ .: psytNents under the Note; or cure any aefauit �hereunder os here- . ��
<br /> .. . - _.. � 1111der. . ;
<br /> _:..,. .�.:.... .._
<br /> ,� :�, ., 5. MaintenanCe Re airs and Com lfance with Laws. ! - - �
<br /> "�� ���� Borrowez shall � eep e Proper y n qav con t on att repa r= , ,
<br /> � , ` . shall promptly repair or .repiace any improvement which may be � .
<br /> �� ��`�� � 8amaqed or destroyed= ahali not commit or permit any waste or
<br /> ' ��+"� � deterioration ot the Pxapertys shall not remiove, demolish or . : �
<br /> <:.�,. . • . ,
<br /> � ��� � snbataati.ally alter any of the improvements on the Bsopertyt �
<br /> ,_._ ..
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<br /> - , shall aot co�it; St�ffet os permi� ar�y act tv �i� done in or ugos�- - - - -__--= -
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