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<br /> r�s�riation� �tr�c�inq th� 8rop�r�y and nae ca�it� su�lar, ar �
<br /> �x�it �r►y �oti tc b� don� �n or��u��n �� Prop�xty ir bic�l�tion A!
<br /> any lav, ordinan�s, r�gulation� aov�nant, aond�tian or
<br /> r���riation. �
<br /> �. xt i� w�drsytood a�d aqr�d th�t �Trus�or tus aatMd is •
<br /> subdivid�r o! Pond�rora La1io !lstat�• Tl�ird Stib��vf�ion a� wi.th
<br /> rrlq�►rd t,h��to Auy�r aov�nants tb;at Buy�x v1y1 a�t ail
<br /> r�aquirpant� l,apos�d upoz� b�r l�y th� Subdivi�ion �l�qroa�nt with
<br /> t.h� City ot Grand .Xaland, wil7. co�pl�t� tha i�n�ta]llatiox� of
<br /> pavi#zq �nnd u�il�t�ss r�qttirqd b►y ttia Aqri�a�t �or 9als atad
<br /> �wccbas� o� R�a�. Estatis dat�d Augu�t , k994, und�r �rhic�s Ch� �
<br /> r�al ssCe�� �ras puialias�d lraa gaieti�ry, an8 will noti aom�na�
<br /> aonatruat�on ci ar�y iapravamen� �pon as�y- lot cov�rad by thio Deed
<br /> ot Trust �xntil H�t�tiafary 3�es bs�n paid t2ta ��l�as� pria� and
<br /> r4leassc� that lot lrca this As�d of Txust as foilons;
<br /> �ieticia�y pro�aiass arES aqreca that �or ao 3ong ae TzE3a�o�
<br /> is not in breaah or daPau2t o! any provision o� ttxi� Dsed o!
<br /> Trust or of the Note, then upon recel.gt o� tb►� lolloi+ing rall�aas
<br /> amount to be applied to the unpnid balanaa of �r�.�ncipal under
<br /> tha Nat�, BanoPi�iary c�i�l promptiv lt�rt�ish Tru�tor with a
<br /> partial release from tt�fs Deed of Ta�ust Por that lot:
<br /> Lots To Be Releaged as
<br /> desaribed upon Prsliminasy
<br /> Plan No. Three "A" af �
<br /> Po2ld�x�8� L3!!�e �5'9t�t.AB�
<br /> reVised July 21, a991.
<br /> (NOTE: The releas@ prices
<br /> shall apply to the
<br /> corresponding blocke and
<br /> lots shown on Y.he final
<br /> � Plat n� Ponderoea Lake
<br /> Estate� Third subdivision Release Priae
<br /> Block 4, Lots 23 through 40 $12,500.00 eaah
<br /> Slock S, Lots 4 th�ough 14 $0.195 per sqttare
<br /> , , foot in each lo�
<br /> Biack 3, or any part thereof $54, 000.00
<br /> , � .h.�,- 5. a�xes. Assessment�,� ancLC�araaa. Truator shall pay all �
<br /> �,�. :R,;: taxes, as�e�aments and other oharqes, inaluding, without i��,.
<br /> ° �; 1 limitation, fines and impos3tions attributable to the Property, ,�a`
<br /> P''.t:+
<br /> �:,��� and leasehvld payments or �round rents, i� any, bePore the same "�
<br /> '�� � beCO�o delinqueat. Trustor shall promptly furnish to Henefiafary
<br /> a�:� .�,'.�.• .
<br /> :;�r����t:, '. ail notiaes of amounts due under this paragraph, and in ths event
<br /> � ���`�"'�� ' Trustor shall make payment directly, Trustor shal l promptly .
<br /> ,��;��'��-•..;' furnieh to Beneficiary receipte evidencing such payntents.
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