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<br /> � iOR VAIUJlBIE CONS108tATiQN,includirg the ind�btedness indentifled herdn and the trust heroin creoted, the rocaipt of which 1s her�4y �-Py.�:_._,
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<br /> adcnowledped,Yrus4a t►rovacably pran4s,4Pana�era,conveys,and assiqns 4o Ttuatca, IP!TRUST.UtTW Pa�JER 06 SAIF,!or tha�cn�flt ars� .�,,;,..�y� - -
<br /> securNy of Benef�eiory,urbsr and sub�ect ro the terms ad condittons of this Deed of Trust,the reol property desuibed os follow�: "<<;�;�;;:==-:___
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<br /> � TOGETHER WITN,all�ents,profits,royalties,income and other benefits derived from the reul property;all leases or subleases covering the . ,. .:
<br /> real property or any portion thereof, now or hereaRer existing or entered i�to,cnd atl right,title and interest of Trustor thereunder, oll in•
<br /> terests,estate or ather ctaims,both in low and in equity,which Trustor raw hos or moy hereofter acquire in the reol property;all eosements,
<br /> rigMs•of•wey, tenements,hereditaments ond oppurtenonces thereot and thereto;all oil and gos rights ond profits, wate�rights and water ,, � �
<br /> stotk;all right,title ond interest of Trustor,now owned or hereofter otquired,in and to any Icnd lying within the right-of•woy of ony street or �
<br /> �� highwoy odjoining the reol praperty,any and ail buildings, fixtures, improvements,ond oppunennnces now or hereofter erected the�eon or � ,�'
<br /> belortging thereto,(herein referred to us"Improvement"or"Improvements"I;and uny and all uwurds mode for the taking by eminent dortain � �;/'
<br /> or by eny praeeding or purchuse in lieu therecf,of the whole or uny part of the reol property. � . = - .
<br /> All of the foregoing estate,property ond interest hereby conveyed to Trustee herein cotlectively referred to as the"Property". ' " =�
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<br /> TNIS DEEO OF TRUST SHAII SECURE: .
<br /> (a)The payment of indebtedness evidenced by Trostor's note of even dote herewith in the principal sum'�rs (S � 1• . 5,,''�'�' °"''�
<br /> Forty-five'Itnusand and no/1 45 000.00
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<br /> " %,•,�., together with interest ot the rote or rates provided therein,(herein,together with any ond all renewats,modifications,and eztensions thereof, 4 ;�• � � ,_ �-
<br /> referred to os fhe"Note") both principcil and interest on the Note being poyoble in atcordence with the terms set forth therein,reference to ` ��'• �
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<br /> '• which is hereby mode,thefinol payment of principal and interesT,if not sooner paid and if no renewals,modificotions or extensions are mode. ! .�.. �;..��',��.'7
<br /> � due and payable on July 1, 1994� all renewals or extensions thereof _ __�__., � �'"' ``�':�V
<br /> (b)The performance of eech agreement and covenunt of Trostor herein contained;ond � , , 1�;���Y� ��
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<br /> ,� �' (c)The payment of uny sum or sums of money with interest thereon which moy be hereuher paid or advanced under the terms of this Deed of :`� ?, • '�..'+ .--���,'.'i
<br /> 'i��,� Trust. ;.:� -'
<br /> ' , (d)The payment of ony future advances necessary to protect the security or any future advonce mode at the option of the parties;ond `�•+
<br /> (e)The performonce of an ab�igotion of any other person named in this Trust Deed to a beneficiory. ;
<br /> TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR HEREBY COVENANTS AND A6REE5 AS FOLIOWS: ' � -
<br /> 1.Poya�ent of Peincfpal ond Interett.Trusta shall promptly poy when due the principol of and interest on the indebtedness evidenced by the
<br /> Note,ond all other ctarges and fees os provided in tfie Note,and the principal of and interest on any Future Advonces secured by this Deed of �';
<br /> Trust. "
<br /> 2.WarraMy of Title.Trustor is Iewfully seized ond possessed of good and indefeosible title ond estote to the Property hereby conveyed ond 4� '
<br /> hns the right to grant ond convey the Property;the Property is free und clear of all liens and encumbrances except lieos now of record;and
<br /> Trustor witl warrant and defend the title to the Property against oll cloims and demands.
<br /> 3.lNaiMmnanee artd Compliaeee�ith lawa.Trustor shall keep the Property in good condition and repoir end sholl not commit woste or permit .
<br /> impairment or deterioration of the Property and shall comply with the provisions of ony leose if this Deed of Trust is on o leasehold.No improve- �
<br /> ment now or herecher erected upon the Property shall be altered,removed or demo�ished without the prior written consent of Beneficiory.
<br /> Trustor shall tomply with all lows,ordinances,regulotions,covenants,conditions and restrictions affecting the Property and not commit,suffer. .
<br /> or permit any act to be done in or upon the Property in violution of any law,ordinance,regulation,covenont,condition or restriction.T�ustor �•
<br /> ' ] sholl complete or restore promptly and in good workman�ike manner ony improvement on the Property which moy be damaged or destroyed and �
<br /> .�� � pay,when due,all claims fo�bbor performed und moteriols furnished therefore and for any alterations thereot. -
<br /> � 4. Insurattee.Trustor,ut its expense,will mointain with insurors opproved by Berteficiary, insurance with respect to the Improvements and
<br /> personal property,constituting the Property,against loss by fire,�ightning,tornado,ond other perils und hozords covered by stundard extended
<br /> toverage endorsement, in on omount equal to at leost one hundred percent of the full replacement value thereof ond insurance against such E
<br /> other hazards and in such arnounts as is customarily carried by owners and operators of simulor properties or as Beneficiary moy require for its •
<br /> protoction.Trustor will comply with such other requirements as Beneficiary may from time to time request for the protection by insurance of the �
<br /> • interests of the respective parties.All insuronce policies maintained pursuant to this Deed of Trust shall name Trustor ond Sen�ficiory as in-
<br /> sureds,as their respective interests mny appear,and provide that there shall be no cancellation or modification without no less thon 15 doys ,
<br /> -�};,�.,.�` � prior written notification to Beneficiary.In the event any policy hereunder is not renewed on or before 15 days prior to its expiration date,
<br /> �'�'"� 8eneficiury may procae such insurance in accordance with the provisions of paagroph 7 hereof.Trustor shall deliver to Beneficiary the originot
<br /> ��,i policies of insurance and renewals thereof or memo copies of such po�icies and renewals thereof.Failure to furnish sucfi insuronce by Trustor,or !
<br /> • � . `,`.,i renewo�s as required hereunder shall,ot the option of Beneficiary,constitute adefault.
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