_ ���� ,}�,�N� �;` ;.\ ; * �4 -
<br /> — - — - - =� -_- . . -- .. — _ --' --_ -_ --
<br /> -.,.r.r� , " ,t, , ----.- — .— . . _ _ - .._ - - c ': "c
<br /> _ . _ . . . . . .. . . ' . . ` ` , r .
<br /> � . _ . . . _ . _ ' . .. - . ' . . , .. 1� _�� ` ' , --
<br /> � Th�s Qeed nf:Trust shal� secure: � � ` . .
<br /> . � �a) The paynent of fi�e priacipal sm� and interest .
<br /> evidenced .#s� eorroiter's Congtruction bine of Credit
<br /> Drar_.Aote: .�ated NO�ER 26 �. 19 93 r haaf.ng a
<br /> � �"n the orii��tt�l
<br /> ' 111A�Ul��j('da'� Of Ptt1Y I2s 1934 ` - • D�1�i11'�B
<br /> ::r1,•... - P7��tl�ip�.:�ii�1t 0 � . �
<br /> - <� t� ils o . and any a�nd a cat ons, extenaio�a
<br /> --- '�s;��� an�l senewals thereof or there��o aad any and a�ll� f�tuxe
<br /> _— ' advances aad readvauices hexennder pursuant to oae or
<br /> �iore pro�.ssory not�s os credit aqree�enta Ihes�in . .
<br /> -- Called "NOte"�7 . , . ' . -
<br />__ — ` Ib) The payaeat a! other st�s advanc�� by I�ttd�r� . . � ------
<br /> � . to psotect the seaurity Qf the liote= . � � � ___ __--
<br /> - -- � ' ��� tc3 The perfsrsaance of m].� aavaAant� arta agr�e�-� . -_ ��
<br /> . ments af Horrower set forth herein� and bt��
<br />_ , . . � ��1���:_:
<br /> _ (8� A].I indebtedaess ana -obliqationa of Borraiter �;�:;__�-
<br /> - ta Lender whether a�irect, ins�ixect, absolute os con- -,,-��_-
<br /> tinqeat and `rhether ariainq by aote. gaaranty� over- �'�:==��-_
<br />- araft or otherwise advanced for the purpose of making �?y�•�_,
<br />: � impronements to tlie xeal estate hereinabove desaribed. �°j� ..��:- _
<br /> N=�;�,�,�n� �ali other �decv�ne=tts that secure .',�-�'-���-::� _-
<br /> _,� - � The Note, anci any and
<br /> the Note or otherWise executed in connection therewith► ��.� ;�� ;,_. =�_
<br /> f- •'�::, iacludinq. witbout limitatfon, guarantees, secarity - :,'. .---
<br /> �; 5�-=� � • � aqreeaaents and assignmeuts of leases ana rents, sh�tll � ,. - �--_
<br /> �� °M �,� �` . �'� be ;eferred to herein as the T�w Tnstruments." ,-;.�°`�- .'�
<br /> �i: s' ~iNa� i " ' Y ' —
<br /> .� I � . 1�� �t , , . .
<br /> i . ! . - `:t�d
<br /> "'� W;.��.,- � � ���.;,, rrower;. to protect the �security.of this Deed of Trust,,� , ��' ,.
<br /> } :.��°:� ,� ' . � ���'' �'
<br /> t:�' � ,���as and .agrees with Lender as fq�2.lawss �q_. �_ , -
<br />�.-.;�� �}-y �'*:fi:,�>.: - . �:.. , :-• . 1
<br /> _ 'Jf 3 i�.u�'ti'a:4:�.�-.f' . � ���
<br /> �.. �?��,;�--�?-=•�.; . i. �Ea nt of Princi al and Interest. BosroWer shall � ,�,
<br /> . . k:. . . . . ��''.:.,'-'
<br /> ��= '='-�•.�:.: `: � promptly pap,�i5.�a due the princ pa of and nterest on, and any � ��
<br /> . ,:_-,-..�.5{tr<:'=•z;;.�� :� �.�.ir. _�+•�_.
<br /> ��.Y=-:.:.�-� .� �ees ccr chasqes pra�ided in, the Note or f n this Deed of Trust. _
<br /> ',. '.r e.-; �.e �fn,, i . �1 r.
<br /> !( 74 � � . �� .
<br /> �=�-~: � ,�.;.:, �� . :;'� 2 Title. "`.i�orrower 3s the�'owner of the Praperty anc7 .. : � , �•� _
<br /> :r,��' `sy`�x�-: �' � '.]�n;�;:�ie right and authority ��c��►vey the Property. - - �
<br /> til . •T �,(i . � '( ��.'..
<br /> ' �ti l'�.�1,� , . ..>�- : ..., . . ��:_.
<br />!��;�i 'a �'�:�::.:,:`.- =� 3. Taxes Assessaa�s.:.. ::'&xcept when they are coa f : �,
<br /> � r; ''�+� �. �ya� f �.' �. .
<br /> <<� � tested in geod aith, to pay s�1��� ��� 'all taxes, special assess- ��• �•'-:
<br /> :.•,, �,��3.;:•. .: .°.��'.•� . {
<br /> � � ments and all othez charges ag�z�i�'� ;'�he Property and,�. up�'z�'�:,j„ ,
<br /> ' '}"����`� ��� "'`'�',- wrf.tten demand by Lender, to 1�yF
<br /> ttd:�;�;��der such amount �s ma�C`.� •�:�.;.`.:. � k_�.�...• : .:��: .
<br /> ,.,..-: ,,. � . .
<br /> `�4� ���� �� sufficient to enable the Leaac�es �m �aY such taxes, assess�sne�c��;.cur ` f I-:';,.•
<br /> :+i: 'a� :�,�; �`%��{� -
<br /> =��:• ;: other charges as they become �u�@. . , � ., . .r�
<br />. '+�` ,�=;;�r:' . . ,, • . .' ` '. -���.�' � , ` • ` : '.
<br /> _ �.'.:;�i� , ,,',�.,� 4. Insurarraa. �t;:��?�e ��a�s�ning of constara�;�tz�� or ; '. `. . � .+ ,Ey.s
<br /> , �� � � .:,,<
<br /> � r,?�� �:• .;��� : rez��►���tion of build�g,' �d ����'- ttEri�-;�i�roperty insurMd•..�a�����., .... •'..,.�,. k . .
<br /> n
<br />- ..�-.�' � :' ';d�ag''e bY fire. hazards nx�cTi�+e� va���tlhin the term all ri��!k , .,,.,,,,.;,..;•�� ` ��
<br /> ,., . ; � �"--
<br /> .�` ' .� .��cod���qe". and such oth�r h�����,''��; Lender may require. ��: t ,..:; , � � . _
<br /> ;,'' ' ,�'��:`:� , ` ��vi�r��s and with companies acc����+� to Lender, 3.ncludf.ng� �, � ''.,��,��. _ . ��, �
<br /> _ ;•' '; :..: startcE�B mortqagee clause wi�1: Ir����:���yable to the ��.d�s. �� ' ,
<br /> ��•;�,, .,..; .,, �.,case��� .loss. under such paz�.4i����.�tt�e Lender is a��licr.�a�d� :� �� : .
<br /> `;� . adju��,' aol��e�t �nd compromi��:��ti �laims thereunder a�:i��`�sT�a��.�
<br /> ha�ve �kt option of app�Iying a`T� or part of the fnsuranc� proceeda �"• "� `.
<br /> - - (i f ta any indebtedn�ss secured hereby and in such order as ���, _. �� �
<br /> I�ender may determine; t f i� to the Borroaer to be baec3 for the � ��
<br /> repair or res�oration of the Property ar Iiii) !or any other �� ...".� - ��-.�
<br /> � ' purpoae or ob�ect satisfaatory to Len�er Without affectinq tihe � : , . , :
<br /> � lien of thia Deed of Trust �or the full amount securecl her�by �•
<br /> before such payment ever took place. Any application of proce�dg ;�. . � : � �: "�
<br /> � �o indebtedness sha13 stoti extend or pos�pone the due date of any � :..
<br /> payAents under the Note, oz cnre any delault thezennder or here-� , {
<br /> E • "::•" ''�'""__ .
<br /> unrler. �`�.� ����
<br /> - �:_. -. .
<br /> g. Mai.ntenance Re irg ancl C liance vitfi LaWS. ��� � �
<br /> Ho�eraMer shall eep e'.�.Property � q . con t on�.an repa : . �� � �.��; -.� -
<br /> .�;��;"� , • shall�,pro�rptly repai��� d�, replace aihy improvement wUich �►ay �e � :,'•: '� ' ,• _.
<br /> . , ,�,:.da�wl�ea or �dee�ioyedt shai3:•i�ot acsanatt or permit any �t�as�e ,.or � - ',;,
<br /> ' ,� , .�1et, 3Qratiot� of the pxoges�Xt �li�l.�. nat re�ove, aawii.sb ��. � . .
<br /> -_�.:._�_.:, _c._� � ,: .. .
<br /> ...__ _
<br /> . _�- -
<br /> sf1���tfa?���a�te� -a►ny� -t��::��--�rr��em�ats� .�= the :kr . . .�� . . ,,
<br /> �� � � . shsll' nat �co�itr suifes or pe�i,t,,.att►Y act to ba done i� oa upon �_•.
<br /> .. , � � . . � . -Z- . . . r;:�,; .
<br /> . . _ .. � . . ;. . ..
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