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<br /> ' . . . . . . • .. .. . . . . . _ .. , . . . . ��%��_!`__�
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<br />. ., . , „ . . . . � - --�R..tc.---- ----_-.__.
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<br /> r. . ' f � ,� ` � ` < � 1��� ����. ( . _-- _ ----
<br /> ` ' � � Th3s Deed of Trust shall secure: . . . � __—
<br />:;:;,_. ' . `,;, . • � � � • € � � • � ------
<br /> ...,� (al �e Paymen o the pri.atci� anta an� iaferest , .. �
<br /> � � .. � evidenced by Horroarer'$ Conatxuatioa L3.ae of Credi� '. -
<br /> ; , " � Draw Note dated O�tobex 2g � , 29g4 . �av��� a - _
<br /> , � . . � , matiarity d�te of A�rii 27. 1995 �.�n th� originaJl - _ _ _
<br /> � principal amount of Ei�hnr Thousan�d aad No 10u-----ao9.la�s - ----
<br /> r �, ` , -, , . � (�SO,QU0.00 ), aad, an�r a�ri ' ad ma � �a� ons, e�tens�ons � - _
<br /> • . .� and�r���B therecsf or �he�eto and an� and aaZ fatn�� � . - -
<br /> .. . advances �nd readvances hereutadex pnreuant f.A one or �� _-- -
<br /> ' � � mare .pxom3�ssory note� or .credit agreeffients tlterein , . ----
<br /> , Cal�.ed "NOte°1� ' ' .;
<br /> <<� . �
<br /> ` ` : (b) The �ayment bf other snms adwanced by Isender
<br /> �"1� � � � � � to protect tlie se�urity of the No�e= � -
<br /> � . � [e) The performance oE all aov�ants aai.d agree- � . . �
<br /> ` � ments of Bcrro�rex set for�hh hereiaj and . � � .
<br /> . � � �d) All fndebtedness and obliqatioas of Bar�r , .
<br /> � � � to Lender whether direct, indirect, absolu�e or com- , �,
<br /> �,� •,.:�`,�� ' tingent aud whether arisi.ng �y note,. 9naraatY: over� �
<br /> - -- -�-��'� ' � draft or otherwise. advanaed. for the .puspose of: makiag .
<br /> . ,`_� , �. . ' � improvements to the real estate hereinabove desciibed. ,
<br /> � � '� The Note, and any and all other docnments that• secare
<br /> � • -� � the Note or otherwi�e execnted in conneation t$erewith. �
<br /> •. h .
<br /> ,: ,. '��;^ � . inc2uding, without limita�3.on. 9uarantees, security - -
<br /> i;,_ .:r:,;�_,. . �—.. __
<br /> -�;�;�• agreermen�s and aesignment��.of leases and r�nts, ahall .� ,
<br /> .. . •�;?5�7:. .. : �. .' - _ —
<br /> • - . �sl , be referred to herein as the "Loan Instru��nta."
<br /> .. , . F.;<<., • . , .
<br />. .'. •.YrT,�vv; �•-'� . . �
<br /> . �r4.3. ! � .
<br />� ' • �.�t�,:,,� . Borrawer, �to protect the securitp af t�s Deed vf Trust, _ __
<br />,. -� ,_,•�;�; • _ _
<br /> :`:,,.,.,...-�- � �onenaats aad aqrees with Lena1� aa follows: . .
<br /> . , � , � ' :�•_
<br /> ' � � 1. Pa eat of Princi al and Interest. Borrower eh�I:�. .; „_;,
<br /> .. � , �� , �� prompt�yr pay whea due the pr c pal of �d interest on, and any • . - "=�_
<br /> ° : . ...• � ._. fees.o� charges pronide8 in, the Notce or in this Deed o£ Tntst. �---�
<br /> _.. .. _. _'; �,�
<br /> !sa:;,�.-�� '
<br /> . , .. ``:.,• - 2. Title. Borrower 3s the owner .a� the Property and .
<br />: .°��';' : �;si�r` �.���.y
<br /> � has the right and authority•to conney the Property�. . ����•
<br /> • , . . � • 3. Taxes Assessments. Except wheA they are con- ' ' - -�.
<br /> ; � , '" . � tested in good a t i, to pay when due all taxes, special assess- ��_,���'".!
<br /> • �`�""`�'•�` ` •' � �ents and all athe�c charges aQ�fnet the Property and, upon ' ,�.���::
<br /> �.,:`•,;;,.�. ,. :� �.:��-
<br /> � ���'�%s��; . • ' , wzitten demand by Leader, to pa�C •t� LQnder such azaonnt as ma� 3�� �.:�
<br /> � `� sufficient to enable the i►ender to �ra� $uch taxes, aeseasffients��or �y
<br /> ����
<br /> other c�arges as they became due. . �`�'M
<br /> . ... . � <<������,
<br />_. .., . . . .. .
<br /> _ . � :% 4. insurance. At the beginning e€ constzuc�ion• ctr ,;'�;;;.:i;�ti�,.,;„--._;-;'`�
<br /> ,:�::� . .
<br /> ` � � se�����ion oE bu ld nq, to keep the Property �sured agains� '�,�;t,'s�?�`,«`"�;:.. ...'�'�-
<br />:-�? . '. �� �. �da�,�g� by fire, hazards included within the �ertn °�i risk . . . _ , , „Y
<br /> ' coveraqe", and such o�xar hazards as Lendez may rec�s.�re, iaa '�,,.
<br /> amounts and with companies acceptable to Lender, inciuding a : _ ..r
<br /> �� � standard mortgagee clause with loss payable to the Lender. F.�s � __
<br /> , case of loss under such �polici�s, the Lender ie authorized � . �•
<br />� �! ' , ad3uet, collect and compromise all claims therennder and shall � ; .�
<br /> 3.. � have rhe option of applying all or part of the insurance proceeds .
<br />-� � ti1 to any indebtednesa secured hereby and in such order as � .
<br /> ° � Lendes may determine, !ii) to the Horrower to be uaed for tlae �
<br /> - . � . . � repafr or restoration of the Property or (iii) for any other �
<br /> - . .i � . • purpas� or ob3ect satisfactory to Lender without affecting the ; :j-`:
<br />�. f ; :� li.en of this Deed o£ Trust for the full amount secured hereby ,
<br /> _ • before such payment ever took place. Any application of proceeds E
<br /> �� ` . to indebtedness shall nat extend or poatpone the due date of any �
<br /> ; - paymenta under the Note, or cure aay default thereunder or here- � .
<br /> � •.. under. � . •
<br /> � � .
<br /> . g. Maintenance Re airs anc] Co liance o�ith Laws. � ,
<br /> h.
<br /> `�� � Horrawer shali eep e Property n qoo cond t on an repa rT . , , .
<br />� '., � � ahall promptly repair or replace any improveatent which �nay be •;��,,';.','.*
<br /> •�� � � damage8 or destroyedt ahall not commit or permit any waste or �`���?:`•;�
<br /> �`� . �. : deteriora�ion of tha Propertyp ahall not semove, demoliah or .�;�.�'.�`;�; �.
<br /> # . aubstantially alter ar�y of th� lmprovementa on �he Pxopertyt '.''�,'.�
<br /> • i � , . shall not commit, auffer or permtti any act ico be done in or upan ; . �i
<br /> , .,.
<br /> _. ._ - ___ �.. �. .._: .. - _---...,
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<br /> .'�� .. . � • � � ' � . .
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