|
_�-- _ . ;;:•�;�� ��: .r _
<br /> =,.:
<br /> :_�� � r...� . - ---. . ..._
<br /> ��_
<br /> -'� . ._ ._. . --- ----
<br /> I � . --
<br /> --_ --� -�,+ ,. . . 9�-' l�
<br /> �i
<br /> inter�sts, if any� which intor�sts ara h�r�by z�l�asod �und -
<br /> Maiv�d, all of which, including r�plaaw�nts and additionq
<br /> �hor�to, i� heroby daclared to b� a part o! tha r�al osxete
<br /> owawced by the lien of this Daod of T�u�t and all of ths fozogQ� �
<br /> _ � __ __ ___� iaq boinq roferred to herein as tha "PrAporty". _
<br /> - Thia Daed of Trust ehall sQCUrs (a) th4 pay�eut o# the prin-
<br /> cipal ewn and interest evidonced by d COri�tTllGtion Line o# Cred�t
<br /> '� Draw �totQ dated November 19, 1993, havinq a ntr�turity date of,
<br /> I►pril 1, 2014, unless an earlier ca�ll option therein contain�ad �is�
<br /> --
<br /> ozeraisQd by I,�ndor, in the oriqina�l principal amount of T4x'ae .
<br /> --- -� Million T�ree I�undred Fifty Thou�and and No/100 Dol ars
<br /> - ($3,35n,0oo.00), and any and all madificatione, exteneions aind �
<br /> s renewale thereof or thereto end any and all future advenaee r�nd�
<br /> - �� re-advances to Horrower (or any o� theia if �re than one) hQZe^
<br /> under pursuant to one or iaore prom�.saory notes or credit aqxee-►
<br /> _- ments (�here3n called "Note"�; (b) tb�e payment of late �harges i�a .
<br /> a�n amount equal to five perceat (s�) of the monthly payment if
<br /> not paid by the 15th day of the mc>nth when due; (a) the pay�at
<br /> sY` of other swas advatnced by Lender to protect the security of �he
<br /> �'�;�•--��,`; � '�� Note; (d) the perfoxmance of all covenants and agreements of
<br /> � `'�� �� Trustor set forth herein; and (a) a].l present rsnd future indebt-
<br /> �� -��` edness and obliqations of Borrower (or any of them if �nare .tban
<br /> '�� one) to Lender whethar direct, indi.zect, absolute or contingent
<br /> ;��
<br /> �,�`�,r`.ty i;;�� and whether arisiaq by note, quaranty, overdraft or othex'wise.
<br />- ^.��� The Note, this Deed of Trust and any and all other dacumenta that.
<br /> "$'�"�?'� secure the Note or are otherwise elcecuted in conaection thare-
<br /> �:y����� � g� arantees, securit a ee,
<br />- ,-;�+:�.y; with includin without limitation, gu Y �
<br /> � �attY"' ments and assignments of leases and rents, shall be referred ta
<br /> - - ��"�'�'";`':.'"":"`_ �� herein as the ��Lo�n Instrwaentan.
<br /> aJY:' ^ n
<br /> .`�• ,�t. ,+1 .
<br /> � TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOW3:
<br /> � � • � .,�.,�� � 1. pavment of Indebtedness. All fndebtedness secured
<br /> • � , . , hereby shall be paid when due.
<br /> � 2. Title. Trustor is the owmer of the Property, has the .
<br />-`;� ���-�. �'� • .,- right and autharity to convey the Property and warrants that �he
<br /> � a • lien created hereby is a firet and prior lxen on the Property, _
<br />- �� � � and the execution and delivery of this Deed of Trust does not �
<br /> � " `':� �-::�� violate any contract or other obligation to which Trustor ie sub� -
<br /> � ;.., ject.
<br /> � � �•
<br /> . 3. T��cos. Assessments. To pay before delinquency, all
<br /> tatxes, special asaesaments and all other charges aqainst the
<br /> - �: . Property now or hereafter levied.
<br />=��° k `'~ �`" 4. Insurance. To k�ep the Property insured aqainst damage
<br /> � ? by fire, hazards included within the term "esctended coverage" aad �
<br />--_ ';;�;�,_ such other hazards as Lender may require, in amounts and with
<br /> =:�_° companies acceptable to Lender, naminq Lender as an additional
<br /> � ����=„ nemed insured, with loss payable to Lender. In case of loss
<br />�.�: � under such policies, Lender is authorized to adjust, collect and -
<br />�,,:.. �`��c�:r,... � _
<br /> :����-°�• compromise all claims thereunder and shall have the option of
<br /> ,,.. ,, �� applyinq all or part of the insurance proceeds (i) to suy indebt-
<br />__��: ''' � � edneas secured hereby and in such order as Lender may determ.i.ne, _
<br /> � '� (ii) to Trustiar to be used for the repair or res�oration of the
<br /> '�'°��'�'���-' Property, or (iii) for any other purpose or ob ject satiefaatory -
<br /> ' to Lender without affecting the lien of this Deed of Trust for =:
<br /> = the full amount secured hereby before such paycnent ever took
<br /> — place. Any application of proceeds to indebtedness ehall not
<br /> -� extend oz postp�ne tbe due dato of any paymeats under the Note,
<br /> or cure isny default thereunder or hereunder.
<br /> 5. Escrow. IIpon written demand by Lender, Tru�tor shal].
<br /> - pay to Lender, in such manaer ac Lender may desiqnate, suffi.aient
<br /> sum� to en�bla Leader to pay as th�y become duo, one or aore of
<br /> tho followinq: (i) all tazes, assessmeate and other charges
<br /> aqainst the Property; (ii) the premiums on thQ property insuranae
<br /> requ.ired hereunder, and (iii) th� preaiwns on any aortqaqe insur-
<br /> an.ca rQquired by I.�ndQr.
<br /> 2
<br />
|