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<br /> Thi� D��d o! Trust aha11 asour��
<br /> � (a� The payment of the prinaipal oum and intereat
<br /> ' � evidenaed by Borrower'a Cono�zuation Line o� Credit
<br /> ��°- Oraw Ncte dated Seotembar 23 , 19 , havin� a
<br /> '�� m�turiCy d�te of Marc �� L�S4 ,�n th� 9�r�ginal
<br /> prinaipnl amount o e t e � ° �►].lars
<br /> (�117 000.06 ), �nd any aa a m aat ons, extensions
<br /> } and r�en�s thereof or thereto and any and all future
<br /> "'�.,��,' ..;°:.:~....�.,.=, advanoes and readvances hereunder purauant to one or
<br /> �'�.� ��!_�'"t�"� more xomisaor notes or aredit agreementr� (herein .
<br /> ;.:,.� ��� :x� , 1 p x
<br /> •. `�!1.��,���.t�" t b$LiBd N�t@NI Z� G;i
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<br /> � Y�;ti���.�:^'r:•;ti�;'r�„�;?�, (b) The payment of other sume advanced by bender
<br /> �' , -,,:�;,; ��' to protect the seaari�y of the Nate=
<br /> I�� 'i'r.�n� s:�..'°:. � .�.t����?'!°.i .'�, .
<br /> �' � , . � ;;�`��'"'��-;�`. (c1 The performanae of all aovenants and agree-
<br /> I'��'. , , : .'�:'.• ments of eorrower Qet forish herein� and
<br /> . , ,, ,
<br /> � �•., .,'�+ , `��:�:"'''`�� (d) 7�11 indebtedneeo and obliqdtions of 8arrower
<br /> �� ' fti�;'''K�'w�M.�;.'^�,� to Lender whether direat, indirooti, a�baolute or ccn-
<br /> '' ' tin ent and whether Ariaing by no�e, qasrsnty, over-
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<br /> � . clraft or otherwi�a sdvanaod for tha purpoae a� makinq
<br /> , •�� ', � improvemento tu the raal eotate hereinabov� d�aaribed.
<br /> �,n, �� • The Note, and any end a�l other documpnt• that aeaure
<br /> i � ' � "' . ,, the Nate or otherwiae exeouted in conneation therewith, ��,
<br /> � including, without limita�ion, guaranteee , security
<br /> agreemente snd asaiqnments of leases and renta, shxll
<br /> � . ° be referred to herein ao �he "Lnan Inetrumente."
<br /> � . ' � � , � Borrower, to prokect the security of this Deed of Trust.
<br /> �� . � covenants and agrees with Lender aa followas
<br /> �
<br /> � .a �� ��� 1. Pa ent of Princi al and Interest. Borrowar ahall
<br /> � � :�. . promptly pay when due the pr na pa of and interest on, and any :�1:
<br /> �} . . " ,�..:�.;;;;'':. • ' fees or chaxgea grovided in, the Note or in this Deed of Trust. ,.,;�
<br /> i ��..�� r;:ia, .. .. .
<br /> ' � �" � �`i' 2. Title. Horrower is the owner of the i�roperty and
<br /> �,r�i,.` , • .. �, :.;..
<br /> ��+, ':� •%' has the right an authority to aonvey the Property. -
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<br /> , �,:-,�;- -.., 3. Taxes A�seaements. Except when they are con- ,.._
<br /> l, ..;t , �� ' �: .
<br /> i� �s,�: �;: � � .;� tested in good fa t , to pay when due all tiaxes, special assess- ,.,
<br /> '?�` � ments and all o�her charges against the Property and, upon '�'
<br /> 'r . -..�.:c : ... .
<br /> •.;:;;5 written demand by Leader, to pay to Lender such amount as may be .
<br /> :;; sufficient to enable the Lender to pay such taxes, assessments or �,'.�.
<br /> T ��;;�!,:�;� other charges a� they become due. ,
<br /> ' � 4. Insurance. At the beqinninq of construction or
<br /> � � � renovation of bu1l�d�ng, to keep the Property insured against
<br /> `''�S�'� '� damage by fire, hazards included within the term "all risk 1��
<br /> � . t:_;,•�'�.. . y:.�
<br /> ',, i • �, '"�'�' coverage" , and such other hazards as Lender may rPquire, 3n �--� ,
<br /> � . �� amoants and with companies acceptable to Lender, including a
<br /> :, � �+��� standard mortqagee clauae with loss payable to the I,ender. In j
<br /> t : ' ` �.���::, case of loas under such policies, the Lender is authorized to
<br /> � �� ad ust, collect and compromise all claims thereunder and shall
<br /> � � ;�;.: 3
<br /> �,,� � � have the option of applying all or part of the insurance proceeds �
<br /> � (i) �o any indebtednesa seoured hereby and in such order as
<br /> `•��; ; ; � Lender may determine. (ii) to the �orrower to be used for the
<br /> ; � repa3r or restoration of the Property or (iii) for any other
<br /> � i ' � purpose or object satisfactory to Lender without affecting the
<br /> � , � „ lien of thie Deed of Trust for the full amount secured hereby
<br /> ..,,4. before such payment ever took place. Any appl£cation af procQCd:.
<br /> Y t l.�w ��i.". .a�...�..�..°. ^F A tt V
<br /> �_ t0 indebtec�ness Slldll I10� @XLeI1ci u� j�v6i.�+ai+�c �.sac i
<br /> ,-�4•� � ;� ' payments under the Note, or cure any default thereunder vr here-
<br /> � . � under.
<br /> �+ ' � '��°`�': 5. Maintenance Re afrs and Co liance with Laws. .
<br /> . � � �;•;�,•
<br /> � ����'� .,� ,,,,.;�; ,. � .`. . Borrower sha11 e�p t e T�roperty n goo con t on an repa r=
<br /> � : �}:;�;,{,,� . ahall promptly repair ar replace any improvement which may be
<br /> � : �:::;.�;:. ,: • damaged ar des�royedt shall not commit or permit any waste or
<br /> ,, �� '>�;:';;;,;::.,.� .�,;,:':,r: deterioration of the Property: ahall not remave� demolish or
<br /> 'r1. ' �' . '�'-����.�� aubstantially al.ter any of the improvements on the Property;
<br /> � I ��� ���•��` shail not comnit, suffer or permit �ny act to be dotie in or upon
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