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<br /> .ai.�a.�11..I�:_.i�. c . . . . .. .. . . , . - . . ; . ._ . '__. .. .. .. .._ . . _ � .
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<br /> (`f C� . .. � `i` .. _ . �, ., . • ' L 'C � ` .. . .. . . �'. . c ...`, ,,.. `. ,`'-
<br /> � ' .. . ( . . �( � , . .. .. . � 4 . . � ' ` � ` ` � . �. . ' e
<br /> � �hii D�b of �rast shsl.i ��uras• . . . . � ' ��`I� . .• ` .
<br /> . .� �(. fa) �� pay�At a� t�� principai �u� wd. i�tar�rt ` . �
<br /> . . e�►id�na�d b�t sor�v+►�r'a �Co�slrnction Lfa� at, Cs�dit . ;
<br /> - .. . ' �cav ��ote �ated , �o�n..ws� � � , 19 . haaiag a ` : � _
<br /> . aatasity dat� of , ,-'�n ths orfqiaa3. - =` _ .
<br /> � ` 'prtwcipai a�oaat o DQllars .
<br /> _ --_----- _- — �;t60.�. and anp a �at ons, exteAtfons .
<br /> ----- � '
<br /> — =-
<br /> . aad �ttu�t -=��t-�=aa�-a�}�-�t�: -. ,�t+�� �=—_-_---- ---- -
<br /> � advaaces as�d readvances�herensider pursnsat to oae er � .
<br /> aore psowissory notes, or, csedit agrte�eats � ther�in. ,
<br /> Calletl "Iiote'?_ - � '
<br /> � - Ib) Tha p�ya�At o� other suas advanced� bg L�nder � �
<br /> � � to pratect th� aecurity of the liata;
<br /> � �e1 she perforsamca of �il covenaats and agsea- , �_
<br /> � a�enta of Horroaer se� forth hereins �d< . , . ,
<br /> <.(d) All indebtedness attdf ab�]:ig�tions sf Horrot�rx , .
<br /> � to Lender Nhether direct, in8irects: absolute or con- ,
<br /> • tinqent and Whether arisinq by note, gua��+nty, ove�cr; �
<br /> draft or otheraise as'�e��nced for the purpose of makfrig�
<br /> M �aapxovements to the �eal estate hereinabove desscribed. ,
<br />'-� The Note, and any a,ud aIl other dacwaents that aecure
<br /> = the Hote or o�erwise executed it� connection there�+ith, ,
<br /> - iaciuding, w�,t�out limitatioa, guasau�tees, secnrity -
<br />- � agreements aiid assignments of leases and reats, shall —
<br /> be �Ceferred ��herein.as the "Loan Znstrumenta." �—
<br /> ' ge=rai,ier, ta._.protect the security of this Qe�ed of Trust, - :<� ' ��_
<br /> , _. ,
<br /> ,. � -- . covenants aaa� ag�ees witb I�ender as follo�?�:. � , . =-�-_-_- -�-
<br /> ... .: .
<br /> - --- .. - �,..�::.,.. -
<br /> , .. . ..... �.... . �.. � :� � _ �;.,_
<br /> - :��,�:: . . ` :-., ss.
<br /> � , . -�ar.fi�-�;= 1. P nt of;.Prir►ei al and IAterest.. Horxo�+er.shn21 '"��'
<br /> ,K... ,•. -;.�=�'_ _
<br /> � '��'�'°�-` �; ���; � prou�gtly pay' when .due the pr nc pal of and nter�st, on, an8 any � . T___
<br /> �, .�•�..,._• . .. _ . u�
<br /> ����"' ' ' • fees or charqes�p�iided in, the Note oz in tbis �e�ed vf Tzust. . „ _
<br />_ ?�ti='°'.. ,. : : ;. :. ` .�,�,
<br /> ...
<br /> .� ;;,, _ . 2, Titie. Borrower is the own�� of the PropertY and � . �_`�
<br /> - '= � - . ' � has the ria,�hfi and authority to convey the gr�peztp. ° .
<br /> .�ti
<br /> ,'a':5. ::: ': . . ' • ..,.
<br /> - � 3. Taxes Assessments. Excep�,:.When fhey are con-. , :� �
<br /> � tested in good aith, to pay w en due al� taxes, specfa7. assess- <.. ,:..,_
<br /> � � ments and all other charges against the Property and, �xgors '" , ` � ' -
<br /> E,� ..�._ :.
<br /> � � " ` ' Written demand by Lendex, �o pay to Lender such a�ount as �ng �e r . ;
<br /> " � �.� sufficient to enable the Lender to pay such taxes, assesst�e�ts or !� '
<br /> � � �. � . other charqes as they become due. • � � ,'°��,`;y:
<br /> �� � 4. Insurance. At the •begiruiinq of construction or � �
<br /> -*' • � � he Pra ext insurecl �qainst t =�.�
<br /> ��.�••• renovation of bui d ng, to keep t p Y �
<br /> �-r da:�age b�, fire, hazards included within the term "all risk ;�
<br /> � _ .� ' , coverage*, and such other hazards as Leader may sequire, in � ;'����
<br /> - � . � --� �--� � amounts anc3 ��'eh companies acceptable to Lender, including a ��.. ,
<br /> ' stanaara aa�rtqagee clause with� loss payabZe to the I.ender. In � •
<br /> � case of 2oss under such galicies, the Lender is authorized to - .
<br /> ,. adjust, collect and compromise all claims thereunder and �hal2
<br /> ,�•� ��� '. , have the option of applyinq all or part of the insurance proceeds , .�
<br /> �- �,. . �� �,��� �• � (i� to any indebte8ness secured hereby and in �uch orde� aE
<br /> - ---------� -- Lender iaay determine, (ii) to the Harrower to be used far the �
<br /> repafr or restoration of the Property or (iii) for any other
<br /> '��� :;;;;:.�� � purpose or. object satisfactory to Lender without affectinq the
<br /> '� ��`';� �"'•'�� 13en of this Oeed of Trust for the full amount seaured hereby ,
<br /> .•,,,,::;:,., �
<br /> - • ��'�;i:;:;+:���: before such payment ever took place. Any application of proceeds
<br />_ _, •� i � ! :A:ii.�i.15" . .
<br /> �;/ �'�* ���`?+�'t�'��S to indebtedness shali not extena or postpone the due date of any .
<br /> �.;;�. , .,r.• , ,� ,. �.
<br /> - _. . , . . paymeAts under the Note, �or cure any 8efault thereunder or here- .
<br /> l� - under.
<br /> .� �
<br /> � " � . � 5. Maintenance, Re airs and Com lfaace with Laas. ' �
<br /> 't � • � eorrower shall eep t e Property n goo con t on an repa rt . .
<br /> s8a12 psomptly repair or replaee any isnprovement �+rhich may be
<br /> .':� �.� „� damaged or clestroyed= shall not commit or pe�mit any waste or
<br /> �''� � deterioration of the Propertyt shall not remove, �emolish or , . , •
<br /> _�....- ...._:=:..,z:.._...
<br /> � - - - ---- � - si�iistantiallp aiter any bf the imgro�emvs��� on the Propextys _____. .---..
<br /> � � �� shall not commit, guffer- or pesmit any act to be done in or upon
<br /> .:�#,'� .. �
<br /> ' �:�:, , , ;_� , . . .
<br /> . ' ,�� . -2-
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