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<br /> ' , This ��d,of Tratt shal.l ascurer ` � , ' ; -
<br /> . ` " � �4s) �ee Pa7t�ent`Qt �th� principai sa� and interest . ` , .
<br /> svid�ced by, Sc�rraret`s Canstruation Lfna �f Credit
<br />� � bra�r ltota datee] io�r s � , 14 , havinq a �
<br /> . • w�tnrity date of ' !2 1 J� .�n tl�e arigi�al :.
<br /> - � pr�naips�."anwnn! o 'i� Dollar� .
<br /> n
<br />' E f 2 000.0� ), and any au .a ca oni. a�ctensioi�s . .
<br /> , r�ne�+a s_ thareof or thereto aad any atid sll� futnre
<br /> advancas �utd rea�avances. hereu�fde�r pwcsuant to one or
<br /> . �pse prcwissa� notes or craclit agrede�ts lherein
<br /> : callsd 't�k�ts"I t � ,
<br /> � � tb) The pspsent o� oicher a�aas adv�aced by Lendsr ,
<br /> : � to protect the �ecurity,�o�:tbe liotej . .
<br /> `(c� The .perforxance of all coven�nts and aqree-
<br /> ; �i,eats of�8oncco�8r aet.fo�cth hereint and �_.
<br /> , �.
<br /> � �d� 1lkl �indebtedt�eaa a�d obliqa�tions of�Borra�ier
<br /> to Leader. whether direet, indirect� absolute or cen-
<br /> • � tingettt and vhether arfaing by note, gnarantp, over- .
<br /> • � dra�t or other�+ise advanced for the purpoae of waking ,
<br /> � - i�p=ouementa ta the re�l estate hereinsbove described.
<br /> � �he �Qte, aad any aad all other docu�nents that secure
<br /> .. ` . tlie l�tite or otherwise execulecl in cont�ection therewith. -
<br /> . •:;#rnaluding.' withaut limitation, guaranteea, securitp —
<br /> : .�:�.:���e�ents and assignmenta of leases ana renta, shall
<br /> . ::���be;��referred to herein as the "Loan Instrunenls." _
<br /> . . - � ;���.�; Berirpwier, to protect the secnrity,of thf s Desd, o�,:;;'T�nst,
<br /> co�nenanta ancl agrees With Lender as �fallo�+s: - • ,'�.�`;:;:;'��";;.°- - -- - _
<br /> � � ','1: Pa e+at of Prinai a� "and In�erest.'�'�$flrroWer shali ��_"
<br /> . pro�aptlY ��aF,wbe� ue the �g: c pal of and , terest on. artd��any ,�<-
<br /> . feea or ch�rges provided iia;'�e;Hote or i�.�,�h�,s Deeci of Tzue�."
<br /> � �� 2. Title. eorrower is �he awner af the Propettiy and ��.
<br /> has the riqht and authority to convey the Property. .
<br /> . 3. Taxes AssessAents. Except when they are con- .
<br /> � tea�ted, in good a th, to �ag w en�c�ue all taxea, s�pe�3.a1 assess-
<br /> mem#,e anc7 all other charges, agafnst the Property �ancl, upon �`
<br /> � written demand by Lender, :�m pay to Lender such amount as may be ,.,
<br /> ' � sugficiea�•.to enable'the,�ia:der to pay snah taxes, assessments or . 4,
<br /> . ,;,�,. other eharc�es as they beccce� idue. • ,`.�
<br /> .. , .. . :. �.,'.
<br /> � ' '� - Ef._..
<br /> ' c-=
<br /> 4. Insurance. A� ..t.�e:'��ginning of eonstructian or =�=
<br /> renovation of bu 1��, �o keep :�a Property insure8 aqninst ':;
<br /> ��:.��' `. da�naqe by fire, hazards ittcluaed within the term al,l."��i�sk . �.,_
<br /> ����.� covesage•, and such other hazarda as Lencier may requ�tre� in ;'-:•
<br /> � aawunts an� with companies acceptable to Lender. inc2�t�fnq � �''
<br /> �-�
<br /> standard mortqaqee clause �+ith loss payab2e to the,,Lender. In �:
<br /> � case of less under such pplicie$, the Lender is ��,horize8 to �:
<br /> ad3uat, cv,2ect and compr+�mf se all claims thereuniter and shall � ,{:;.;
<br /> ' � have the .v�ition o£ applyi�x� ail or part of the�,in�nranae proaeede _
<br /> � � ti) to any indebtedness securec7 hereby and��in,.snch order as ::-
<br /> Lender say determine, t f�{ to the Borrower ta be�,�secl for the i�.
<br /> repair or restoration .nf..the .Property or �tii1 for any other �=
<br /> �' pn=pose or object satiisfac�ory to Lender•Without affecting the
<br /> �
<br /> lien of this Deed of Trua� far the full �a�noun� secured Heteby � �°
<br /> belore suah�payment ever� tbok place. 11ny app2ication�of psoceeas � �r;
<br /> ' to indebt�7nesa ahell not extencl or pastpone, the.dae� date of any � ,
<br /> .• . � psya�,nt.a wider the ltvte, or cure sny defauit•'thez�nnder or here- �;
<br /> :. � Wd�r. � �
<br /> . F_
<br /> • • - � 5. Maintenance Rs airs ana �Com 2lanae Kith Laws. f.
<br /> - Sosxans s�ali eep t e ropertiy n g co t on a repa r: • F=
<br /> � �hall pra■ptly repair ar zeplaae any i�proveaN�ti Mhich say be �,;
<br /> 4aNq�d or aeatroya�]t ahail not ee■wit or pex�it �ny �ste or =
<br /> � � d�tufosation of the. Propestyt st�all not reaove, de�aolfsh or �
<br /> � . � � �bal:a�tially :1t�r any o� the iaprov�nts on the. Pzop�rtY= -
<br /> .'... _--_—..'_-"_'-.y:.• ' . '_
<br /> ,: -�t���=ncf�--acoo�#�t,-sa�ier._o=.per�it_.�n= s+ct to_�, doae..�n. or_upon . _
<br /> � : . � �-Z- � � . °
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