|
�".:=rc� '� .' `Ar. ' , _ '., � - . � � � ' . • .� ,� -. ` : - � - ` ..�..,�• . . t.. -.
<br /> , ' e . • . _ .. . . _ . ' � c • ' . . . .... . �� ' _ ' ._ .. � � Y . . . . ' �.'" � . "
<br /> '' � • e: • [ ..` '. � ' ...t` • c- � ' . . ` � ' , ' • . _ . , . `• < �����.` .� • , � + _
<br /> r� . ` . q'hia D�sd�o# srust sball� sicnrez , . . �- . �� , �
<br /> . . ,. , , . . .
<br /> . . . . _ � � ial she payaeat �of the pr3,acipa2 �smrt and interest. . .
<br /> ' . ` - �avidenced by 8o�'sa�r's C�natruction Liina bf. Cxec]i� ' � , .
<br /> . . ��rat�► 11ote dated ' J��7 T ► 19 94► , ,havit� a�
<br /> ` : . -_: ��1�1'�t�c dA�@ O�. Jtt1! �_,�l�i �1B O�Q�tt3=. ` -
<br /> privaipal' aaount o Thirs�-rive Thousanld and.No 100--Dollsrs .
<br /> , (i 35,000.00 ). and�.anY an a ca oas, ea�ensions
<br /> - aa�iene�rala. thereo� or there�o ana any and all fnture "
<br /> - ac�vances and readvances hereu�er purauant to one or �
<br /> sore pra�iseory notes or aredit. aqreeaents ,(hese3n. '
<br /> 7 ca22ed •Note")t
<br /> - '.: �bl The payaent of �other smns-;advanced by I,endes �
<br /> ;;.. .,
<br /> , to protect the security of ttie Not��:, . .. .
<br /> =:;�'°:;= . . (c) The pexfoimance of. a1Y covenan�t and aqree-
<br /> >',..:.;; ; .
<br /> ,- ��<- ment�-of`�'$�irrarer set for#2z.;herein� and ' .
<br /> �_��: .., . , _ � .,
<br /> �:�i::.�."'' �. • ••�•::f�'�:��_' . . . .
<br /> '�:;� � ��=�r.�,�, td) A7.1 indebtedness -� obliqations .of BQrraKer
<br /> ��f`��� � � � to I�ender. Whether direct. indireat; absoZut� or caa-
<br /> . tingeat and Whether arisi.ng by nate, guasa�nty. over- `
<br /> ' draft or ci�e�rise advanced for 't�a�:.:�urpo�e of makinq
<br />-_- � improve�aei�'� to the real estate hea��abqae f describecl. �
<br /> = � `The Hote,���asid any and all o�her :��ttment�.;ttiat secure • —_-
<br /> the Note or otherw3se executed in:.a�a�inectiiin there�,th, , =;,,�-
<br /> � including, without limitati.on, .sys��icantees, secti�i��� . � � ---_-_
<br />_ � � agreements and assicJnments��f le�ses and rents, si[c�.�. .�� ------
<br /> be r�ferred to herein as �St?�e:'"I,oan Instx�uments." '�:'�•:� -_-
<br /> `.:j;:% ' ;,�, , , , ,.. : �:,�.
<br /> � Borrower, to protect the security of th"ss !#eed ot Trus�a ,:, ___
<br /> ki covenants and agrees W3�h Lender as fo�iows. . . .• ; �_
<br />�,:� 'J ' . :. . ,.; ; . ,:. ` , �.�7:_
<br /> , f�,�- 1. Payment of �Principal. and Inter�s�.: BorroKer sha�.l. r
<br /> � '�;� promptly pay when due the pr nc pal of and interest on. and any '``�•c, s• *�
<br /> � ' =- �¢��1�":
<br />- y`'� ' �`4�'`�`�� �. fees or charqes provided. in, the Note or in this need of Trust. -_
<br /> :,
<br />- �:z�'�,: ��- .. .. =..
<br /> *�,: .;;:. .. ��`:-,.
<br /> • • 2. Title. . :�rrower is the owner of the Praperty and `-�
<br /> , .
<br /> . ,,..k,._�r=;;�: . .,J�„T
<br /> r__ .�,,,,.�, has the right ana ua �harity to convey the Property. . ,
<br /> , ly�'���� �w �. . . , -;�`t
<br /> � S;�'�'.'l�`.-� . . . '
<br /> .z- _:�_.--::•�. . 3 Taxes Assessments. , � .�'��
<br /> ., . .,�.. :;: �. : . Except whea they are con- . _ :., �:R
<br />':«,'_•'�;� �- - � " tested iA good a th, to pay when due all taxes, special assess-.
<br /> . . .. :. ,t-..
<br /> '�'i� �;Y:� , ments and all other oharges aqainst the Property anc], upon � .;:�,=.,,. •,. -�
<br />.r,•;,�,�, . , . . . . .,. �
<br />-_,�.: �: � ;,� � written demanr� by Lender, to pay to Lender such amonnt as may be �.���� ;�-� ;;:;f. :: �
<br /> �..r �_�f,-;;�, ":� ' ssments or ' � f �•;�>>•�°��-s�'•,
<br /> ' :t.�.. i y,.�JYj!:
<br /> �•.,�:; ,;�;t.;�;)�:�,;;. sufficient to e�able the Lender,to pay such .taxes, asse ��'��.;�.f,,l��;,,' ��
<br /> 5;,:,�:;�;:.��-:;;, . ( ..,.t;, .
<br /> �,�,,.. ; , . . other charges as they become due.
<br /> � ¢ � 9. Insurance� At the beginninq o£ construction or
<br /> : ���� � renonation of u 1 ng, to �keep th�e Property insured against -.- �-
<br /> ��, � , � damage by fire, hazards inc�uded within the term "all zisk � . .
<br /> �l� ' . coverage", and such other hazards as Lender may requi.re, in �.
<br /> - �:�. � ��- -_� . - amounts and with companies acceptab2e to Lender, includiag a '' � . . .
<br /> � 't ' � stanc��rd mor�tgaqee cl.ause with loss payable to the Lender. ��a �::
<br /> f�..t:; , � , . .
<br />` .�;�, :���,,; case of loss under such poliaies, the Lender is suthorized tv -. ,
<br /> �<,,. y. ;,. . i
<br /> � ;:,{�.-..���:,;,;;: ' adjust, collect and compromise all claimg th�rennder and sha1F �..
<br /> '�•;ri�',j�;:�'� . have the optfon of applying all or part of the insuranae proceec]s , . .
<br />' ���-- � '" `` `� �� ii) to any indebtedness secured hereby and in snch arder as �
<br /> ',:".;:i� � �'�� �' -'.:�� Lender may determine, (ii) to the Horxower to be use� far the i ' .
<br /> �'��� repair or restoration of the Property or �iii) £or any other j � . . ,
<br /> ,,'y .• • .
<br /> � pnrpose or object satisfactory to Lender without affeceinq the ;��
<br /> - � � lien of this Deed of Trnst for �he full amount secured hereby � .
<br />-� � � before such payment ever took place. Any application of proceeds :
<br />_— .`. .�:.r:,.!•.�,.. ' �' ' . .
<br />:=a• to fndebtedness shall. nvt extend or postpone the due date of any � �
<br /> - �;:�� > ��'•
<br /> - a�-=-- -�=��-:. payiaents under the Note, os aure any default thereundex or here-
<br />-T 1= .� � � under. , �
<br /> ��:3 . . ° � • ;
<br />:_' � :z};. � . --� 5. Maintenance, Re afrs arcd Co lfance with Laws. : .
<br /> � � .� ,_ , ,.
<br /> '��� �• •• Horrower shall eep e Property n qoa con t on an repa r=
<br /> ,.�;. . . , .
<br /> .�;,;,, � shall promptly repair or repLace any fmpravement which may be
<br /> . • �'"' ? : � ` damage8 or aestroyedt shall not aommit or permit any waste or
<br /> ��:;;- .�.� .
<br /> ._ :,�..._ . deterioration of rhe Property= shall not remove, demolish or ,
<br /> , .. L�" . ♦ L_'.�._`__':'
<br /> � ,,� _ � :4 . sttbs�an�ia2ly alter � of the improvementis Qn the Frapert�. - .
<br /> -- ���:t .a sha7.1 not commit, auffer or permit any act to be done in os upon
<br />. .�' t' y�•,Y^ � , ,
<br /> . t
<br /> �a,.e �
<br /> 4h,�l:�i�c�ws .
<br />- .n_r-�,f:�e e ' . _x� . . � .
<br /> . - .. :.- . 3.. .
<br /> _ . '�'' � � . $�
<br /> .« ..� . . - — __'- '--.__.�...r.._.._._.......�..�.�—...--.-.—,._.._y.
<br />
|