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<br /> '"•.:<<„`,,;,�.: � . -Thfis t?aed of Tr�at�a�tii(I�usauta�4a)the payment ot the princtpal eum end ta�re�!evtd�tsetl by a AtoMsaoty note or credit
<br />�� . agreem�r►t dated . Jii�:u igth.1994 havtrtg e maturi?y d�t$af July 22nd 1996 ---
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<br /> • ; � in the o�igtn�i princ(put�mount of� and anY 8nd al{modiftca�ons.sadensbns end renewats
<br />�: ,- - �' fhereo!or thereto and any and efi tu0ire advances artd readvances to BoROwer(or atry ot fhem it taare tt�an one)hoceundes. �--
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<br />- pursuamto one or more promEssory notes ar credit agreemenb(here[n caited°Note"j:(b)tlte paymertit of olher auma eGvancSt�Oy
<br /> LsndartapmieCitt�esecurityoftAeNot�(c)thepertom+anceotaUcovenaMSandagresmen�ofTrusmrsetfortf�herein;end(�aii �y.� -
<br /> - I �.�� ! . present and tuture Inda�cedness and obitgations of So�rower(or arry of them U more tAan orre)to lender w4�ether direc�indiraaL :
<br /> " : ' .:':.`:� absofute Or cot�Ungtsntius,d whe3her aris(ng by rtat�.9usrentY•overdraf!oro�ssa The Not�Ws Oeed of Trust�d a�8nd all ��:
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<br /> : :'�:': . otherdacuemsthat¢r�vz�the Note orotherwlse�cutBd inconnectlontAere-�r:�inctudingwlthautlim[tatton guarerroet�s.seCUrtty
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<br />_ �� :.� - ' •�°' a reements an0 asst�i:ret�ts of les�es and rercts.shal!M referre�to hereln as th�"Loan Oocuments". �'��i�.ra�:
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<br /> - Yrustor covenants s.zd agr�es wttf�Lertder as totlovus ���iF'f�!��
<br /> - ' •��".� 1. Payment af tnddcCedtuss.M.indebtedness secured hereby shai4 be patd when daa •r 1 �"�,'�'� �
<br />= �'" h d h t a n d a u t ho' ta conv the Pro e .end r�arrants that fhe Iten ,.,�;, �: ::.n�,,•��
<br />;� : • • . � 2 YiH�Trustor is��.v owner of the Propetty. as the g �I eY A nY . , , �
<br />- . � �� created hereby is a fir��E Drior Iten on the Properiy,except tor Itens aad•ar�cumbrances sot tortb my Tnasipr in writlng and : „•.. �
<br />- �.. , ' . Y ' • � . •deitveredtoLenderbeto��xecutlonottn(sDee4afTrus�andtheexecudon�;dtaliveryo4thisOsedolTrustdnesnotviofatsany ;`�' Y�•�,,.,_-;;,�,;�=�`�
<br /> �:.: con7a.�t or other ob i tga t fon to w h ie b Tru s mr i s s u b je c t , �,.: • .. _ ' •.::�-.��--
<br /> :: � « . 3 t�s�p.Au�t�.To pay betore delinquency etl taxea spaeiaf�ments and alt other charges against ths�iw�{eRy ;:';,-•_:_ -___-
<br /> � �:;:��::. ' . , nawosi�eafterlsvIeO.. • � -•.,, •�,;y`'���
<br />-- � • � 4. tns�uat►a.Tot�thePropertyinsuredagainstQamageDytlre,hazardsirscludedwithlnthetertn"extendedeoverage".and Y'�� ' ;��---
<br /> _ . , - .� „ � aucA other Aszards�L:rander may require:in amounts and with companies acceptabte to Lender.nemtrtg Lender as an additlonaf . . Y`t'*`'�-=-=�
<br /> • � - � named lnsured,wiUr ta9s payable to the I.ender.tn case of toss under such policies,the LerMer is authorit6d W adjus�eoltect and , �" g`
<br /> ° , compromise.aflclaimathereunderandshallhavetheoptionolapptyingallarpartoltheinsur8nceproceed9�toanyindebtedness ;� . �'�''�'
<br /> � � Secured hereby and in such order as Lender may determine,(ii)w the Trustor to be used tor the repalroo restoreUon o!the Property '.�, • .,����,���
<br /> � . � , or(ili)foranyotherpurposeorobjecEsaUafacto►yrtoLenderwithoutaHectlngthelienofthis0eedolTrusttorthetullamountsecured . <:`•.t,�u:�
<br /> � herody betore such payment ever took place.Any appllca8on oi proceeda to indebtedness shatl not extend or pos�one the due � �� •
<br /> � �� �����• -��:•: the Note,or cure an deiault thereunder or hereunder.
<br /> ' � , ? date o!any paymert��tndet Y • . ' �
<br /> - "`.�� • 5. E�crow.Upqcn�atMten demarsd by lender.Trustor ahall pay to Lender,in sucA manner as Lender may designa�,suHicient
<br /> � � �'�, aums to e,nabte LenQB�rto pay as they become due one or more o}the foitowing:(i)al�taxes,assessments and other charges against � :.
<br /> " "�� �' . � the P�,e�,pi)the premiums on the property Msurance re��trarS t�ereunder,and(ii�the�luma on any mortgage insurance
<br /> � ' . �; .� requf�sdil��;�ender. ' • . . "
<br /> •� ..... , � B::hYt�1Sr��nanee.Rsp�ln and Campllane�with Lewo.�'�uqtu�.r,�r�i►tceelr tAe Property in gaad eondl8on and repair.aAail . .,
<br /> �. •.;; �- •-:- ..• - � Dra��N`�R�1r.ar r+aAtace any Improvement whi.ch cpaY.�e cl��siaged o��cir�troyed:shall not commit or permit any waste or • .
<br /> � deteY�qjrttan of St►c#�.F�rwzeRy.shal�not remave,d�aUuh or substantlallg�it�thi�s of the improvements on the Property;ahall not '.. .
<br /> .��� . �- :� • � : commt�;uutterorp��iiwnyacttohedoneinorupdathci�mperiyU{vio➢eUon:ptirr}ylaw.ordinance,orrega[af�sn:andahallpayend : .
<br /> S �•�+�,;� • prom Uyr Sdtrcharge� Trustor's coat and expense ail Uen�."�irciimbrances and charges levied.imposed ar a�.sessed agalnat the , ;,�-::�,,i,
<br /> �� `::`, :;;�.;T�'��,9�r'' RraP�(�t'Rny part tDereot. � . ;, �rar{"•;5.;.c�;.
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<br />_:;y '�.: ,:;,s:{;����•..� � 7�`,l�1J�M!qam#ln.Lender i�tiac�bY asslgned att compensaUon.awards,damages and other p3yme111�s pc eatiai it�ora{naiter �u�;;S�_�,r,, , �
<br /> ' ';;' ` � �? ��'• �•'; •. "Pro�d�����nn�i9n with condemnaUon orodiar.laktng otthe Property or I�srtthereol,or tor convey+Rlu�tln IfQU afcandemna- • . � '�vl�6�;;�;>'"' • "
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<br />-;� �`�� � . , ��:•� �,..:� , � do11.�I;atuipr ahall bt�anttded at Ita opUOn to commanco.8ppear in artd prosgcUttt in iffi avm name any aciian or proceedinga,ertd : ' >�- . . �
<br />-_�. ::,• .,:•:.F''A,��S�'`: • ` ah�lE�i�bn,1�e entltted to'fiiake any eompromtsa or settiement in connectlon�vtfti•�uch teking or damage.tn t�a event amr portton at .�r:��.�:i�;;,.
<br /> '�`;�t ',+'f ' � tPtd I?t�tntty ta eo ffiken or QamageQ,LenQer ehali have ihe op�cn.ln its sote�d absofute dlscreUon,to apply&II eucft:l�raceede. , ��::' ' +R'�°'j'•;
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<br /> ,} ,,yy., �,, ,, ;. atca.r'cfiductlngtherefromaticoslsandexpensesincurredbyitlnccnnecUOnwithaucAProceeds,uponanyindebsadacta�aocured i��:,,�?�ft;t;,,;�,;..
<br /> � . `�,��"�;���+''. horc0y end in such order as Lender rt�ay determine.or to appty att such Proceeda,after sucb deducdona.to the�sLoratian of the ;""; .;,�:,t;�!�,"•,c?�r{
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<br /> ; };_ .'. . - ��:�� . � �. Praperty upon such condNions as�enCer may datermine.My spplication ot Praceeds to indebtedneas ehall not extend or posqwne �: °, ��<.',.,,,, . .
<br /> !' ���-�' ' -�,��,s!� , the due Eate of any payments under the Nate.or cura arry delauit therciuddar or hereunder.pny unapplied tunda shatt tie paid to s-- �- --
<br /> �,.�.
<br /> .�� {�. .: • • � Trustor. � . . ' :
<br /> -� ;-_ ' .- , . 8. Fartormsna hy Lfn4�r.UA�n�e occurrence o!an Event o!Delault hereunder.or if any act is faken or tegal praceeding '
<br /> tx,'__ ��. ...�_�'�_� : commenced whieA matedal►y aNects Lender's intereat fn the Property.Lender mey in ita owrt discreilan.but without obligeflon to do �
<br /> . ,T.:., s�,and withn�d aottce W or dtlmand upon Trustor and without reteasing T�ustor trom any obitgatlon.do any aet whieh Truator fi�s � ' �
<br /> egreed but taita to do en0 may atso do any other act it deems necessary to proteCt the security hereot Trustor shall.tmmediatety
<br /> � . . upon demandtherafar by Lender,payto I.ender aU caste and expanses IncuRed anA sumsexpended by LenEer in connectlon wtth
<br /> � theexeretsebylenaerotthetoregotngrlgh�.toge2herwithinterestthereonetthedetaultreleprovtdedintheNote.whtchshall�a .
<br /> !. �•• � � ' edd�to th�inde�2eQrt�ss sscured hereby.Lende�ahall rtot irtcur any liabtiity because of anything it may do or omit w do ; . ,
<br /> ��. � _:�.�..�._.- . . hereunder. �:.�;�t_ _ i..-=------------
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