|
� _ . � —-
<br /> --�:� t or +s �; _ <-.�rz `,
<br /> ; ,,c—. - '�'` - �
<br /> . , ' � ' -' a'-=< L _ . . �l, . Y��l1.,.T'_�
<br /> ��. . � ,_ F r'_'`_ �S �' ` , c . . .� , ` ( � < . � 'c —T�' ` y..� - .� . .
<br /> � �l\—�i~ ,C C .ra .C_
<br /> -�� e - `'o.�'i� .. • ._'4 .� . .�(, �'�t_ �E . `. . . , < < .c�, - � '-' � �- ` �- - — --..�
<br /> +' t � ' —
<br /> � � ' . _ � � ` ` ��P ° . _. - � � . .� • ;t: .
<br /> : . . � , � . << _ . _ � . � � < < � �3- ��u��33� � �
<br /> ��. F � � Qae) �ereuade� puitsusnt to one or`�Iwie pra�s�'no�ps o� �zedit�,. � . ' -.
<br /> _ ��ree�ent� �{herefa aalled ■gote��'��i (t+} the Pn►Y�eat,,of .a�her $uis ° ,�
<br /> �— _--- v adveaced b� T.�.+��r � p�tect the `s�curity.of� the Hotei �aj. the ` - :
<br /> — --- —_ ` 1 perfos�anae o� all covenants and agreeaeats o� Tnistor set forth .
<br /> = -- . ' � • •herein,: anc� td), all present and futwre indebtedaes� and°ob2iqa- < � , --
<br /> �� - __ � tioas;Qf Bor�e�er ��ar any 9� then if. acr� tbaa an�a ,#aa L�iider . _ _ _
<br /> -�;_� ` i , whether d3xect, ind3recf,•absolttte,or ¢o�tinqe�nt� and �he�her . . , , _
<br /> arisinq b�►.note:, c�uari+gt�. ov e r�r a f t o� oth�se. � T h s` xot�,
<br /> -.� - ` .� • t�is Deed of Tr�st and,adp anbl all other�doci�ents that secure` • .
<br />_ � . the �[ote or othe�wise e�ecnted 3s� coaascti.oa the►�cer�.t h,..i nc l u d i nq �
<br /> withaut liai�ation�guarantees, �secus-ity agreements a�mcl assig� :
<br /> �= = V sents. of leases. atzd reats, shall be ieferred ta herein as the � ----
<br /> =3' , . �1AaD I718t�'�S11t�s. ` � : --
<br /> :i��: , . . ' � . —-
<br /> �'� � � TRIISTOR ,COVBN�iT8 ]lLiD llGBBBS WITH LS�iDER �S FOLIAW$: ----
<br /> � . �P�--
<br /> "'� . l. Pav�nt of indebt�. L12 indebtedIIess seCUred ==_--
<br /> � ' hereby shall be pai.d` wh+ea due. , . '_ . . ��-__
<br /> �.4���
<br /> -�� �� ' 2. �itle. � Trustor is the owaer of the Property, has the �r� =
<br /> . �� ' �� right aad. author�ty tc convey the Property at�d �a�rants �hat the � �`�____
<br /> : - ��� lien created hereby fs a ti.rst aitd priar liea on the Prnperty end �:=��
<br /> ;•�,�,_;�:;:::���`T s, the ezecution and� delivery of the Deed of Trnst does not violate � . �=_�_
<br /> ';t=_=�.':�... ,�.: •� aay contract or other obliqation to.whicb Trustor is sub ject. � � , .`.�'
<br /> 1,. _ � �. . �- -
<br /> ,.:.. :,
<br /> _ . . _. ,
<br /> . `1..:_ _ ._ ..!�..� . ._ .
<br /> - - -- -.. � ... „ .- - - -- , -- -F -- -- � • - ---- - - ---� -� - - -- - ._ .. �: . - - -- - - - - - �.- . � —
<br /> . _,�'A. � � . . . 3. Taxes. �ss�ssa�ents. To pay befoze deliaquent all tasea, _
<br /> �,_;��,;,j � speair�l assessments and. all other•charges aqainst the Propertp . . _-
<br /> - '�"_ . � aow or hereafter levied. • -
<br /> . � , . :„=--
<br /> ° ��,_.,.�=.;s'. �� - � 4. insurance. To keep the_Propertp insured against daaage =.�:;-�, --
<br /> , ��:`�` 2ip fire' hazards iaclnded �ith the term "eutended coveraqe� and• =T;;?:';�_7�`
<br /> . :,:`:r,_>. .
<br /> �A;-�=.- snch other hazards as Lender may require ia amounts and with coa- .,•
<br /> 'w M4..� _.t
<br /> . . `#�'�;``.:� �: �' - psni.es acceptable to I�eader,.naminq Lender as aa additioaal aamed .
<br /> �s_... ... . :J=�"=�.�: :
<br /> � ' insured �itb loss papable to the Lender. in case of loss under
<br /> : � - � . .� such policfes, the Lender is authorized to adjuat, collect and •
<br /> . � � . compromise �ll claims thereuader aad shall have the option of . �
<br /> .
<br /> � � ' applying a12 or part �of the i�snraace proceeds (i) to anp iadebt- � , �
<br />� - • -- , edness secured here6y and in such order as I�eader map determine,
<br /> y ..� ',.J;. . ,:. , .`._�.;N . . (ii) to the Trustor to be .used foz the repair or restoration of , �--.�..,_.�.��.�
<br />_ . . the Property , or (iii) for auip other pu�rpose or object satis-
<br />„�; _ � �� factory to Lender without affectinq the lien of this Deed of ��
<br /> � � � Trus� for the full amount secured herebp beforQ such pay�ent ever !
<br /> � � �-�� r� ��� took glace. Aay application of proceeds to iadebtednes� shall
<br /> . � ��- -• �-•�--� -��. � not estead or postpane the due date of any paymeats nader th� ; . ._
<br /> � _. - Rote, or cure r►ay default thereunder or �ereuader. ! � -, �
<br /> � - - 5. �. Upoa written demaad by Lender, Trus�or shall ` - ��.� � �
<br /> > � � _ - �. °`� � ��- ;� pay to LendeY, ia suab manaer as Leander may deeignate, 'suf ficieat � '-� -� ' :�- i
<br /> ••- . �- - :�-,- � sums to enable Lender to pay as they beaome due one or �ore o� � , -� -�'
<br /> � � thQ followiaq: (3.) all tase�, assessments and other charqee .
<br /> ���� � against the Propertys �ii� the premiuma oa tbe progerty insurance ; '
<br /> - - - :•�°�< ' '_---_±. _.:_. requirad hereunder, and (iif) the premiums oa any mortgaqe �insur- :� . �
<br /> > , � � ' - anae required by Lender.
<br /> �� . � . . = -
<br />.`.- . � . . � 6. . Trustor
<br /> „ . • � shall keep the Property in qood coa tion and repair; shail : � � •�
<br /> _ ., promptly repair, or replace, any improve�aent wbicb may ba damaqed .
<br /> ` r. �: � � � � or destroyedj� shall no� commit or permit aap waste or deteriora- . ,
<br /> � � ��W������--- tioa of the Property; shall not remove, demolisb or substantially � �
<br /> . „ r:°�-: � . alter aay of the improvements on tihe- Property= shall not commi.t, : �
<br /> ' =���,• , suffe= or pesmit aay act ta be doae in or upan the Propertiy fn � .
<br /> = �'� � violation of aay law, ordinance or regulation; sitd shall promptlp
<br />
|