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<br />;� . c�q.-��.[f�i��� �� �, �:�_-�.�::,:.
<br /> � . THie D��d of T�ru�t shall �e,curQ: a ?�=���''�'[lTL--��
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<br />�y'�F�•'� ., (a) Tho paymenti of Che princ�pal .sum a�d in�areeti ___r-_`��-'L= �
<br />�' � oviclenced b Borx�ocaer'9 Cc�notructio�i Line aP Credit - i��-
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<br /> � �+� U�aw t�ote dated November 29 , 19 94 . havfny s •-:...,._- - -
<br />•�7 7..' �,-'�''"'__.
<br /> . ma�urfty date of Ma 30 1995 , 3n the o -����b NO/100 ���.a=�_��
<br /> ,� principal FtmOl111�G o Qne Hundred S�ixt -Six Thou�and rou�ol].8rt3 : i�;"''��'"e?.
<br /> .�.� �'.`. '.t��#�st�•!"-:
<br /> (�166.A00.00 � , and any auc��m�air aax ana, externeiona y`,,;����...
<br /> t�nd renewals ther�o� or �heretu and any and all £utuze -,��--;'-�-.•v:`=-
<br /> • !'�'.�a.'.:-
<br /> � advances and re�dvanc�e hereunder purauant to one ar �=��::�_��� . ^-
<br /> ' . more promissory noLes or credit agreemen�s (tze�ein � .�., ,. �..�ti:��=:
<br /> , called "Note°)t `i. �c',�"�
<br /> �':::'f;;:�.;i:,���:;.'-_,�„
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<br /> (b) The payme�t of other sums advanced by Lender �-�-,.�,s-�,�-_,
<br /> to proteck the secr�.rity of the Notes . : �'~ � `�
<br /> 1� .' ,;lv:•;�t�5ti��Y�,�.t�.,.
<br />.� . . . •.�.��fAy—_.- p'�—
<br /> i' (c) �he pertnrmance af all covenants and ayree- - :---------
<br /> '� -,�.,..---
<br /> � m�nta of Barrower set forth hereinf and ���:':;�u%�-`-�"='=`
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<br /> (d) All indebtedness and obligati�ns oF Harrower "�. �'�`,.,.-
<br /> � .. '�s�:�-:
<br /> i to Lender whether direat, ind3rect, absolute or con-- .��,:u,��__-
<br /> �ingent and whethex arising bX note, guaranty, over- �"'"���y������= __
<br /> F :��•� :;,
<br /> d.raft or otherwie� advancec3 for the pur.pose of makfng �
<br /> ,. improvements to the real estate hereinabove described. fa''"`''��
<br /> _ ;�?i�--
<br /> •� The Note, and any and all o�her documents that secure s�+';�---�= _
<br /> ,, �:.�'Y -
<br /> the Note or otherwiae executed in connection therewith, ,.t,�
<br /> . inc].uding, without limitatxon, guarantEes, security `;. -
<br /> avreEmente and aesignments of leases and rents, ahai'_ � '�' ��-
<br /> :.
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<br /> � � be refer.red �o herein as the "Loan Inatrumenxs. " ;�-, -�"""�` •.
<br /> '�`'` Borrewer, to protect the securi�y of this IDeed of mrust, >
<br /> „ . covenants and agrees with Lender as follows: :�`
<br /> s�
<br /> 1. Payment of Principal and Interest. Borro�,�er shall � �� �
<br /> pramptly pay when due the principal of and interest on, and any , .,�,�,� ;
<br /> fees or charges pxovided in, the Note or in this Deed af Trust. i . ;«:� .
<br /> ., ,.�;
<br /> 2. Title. B�rrower is the otaner of the Property and � "��! `''
<br /> - .. has the rigtat and authority to convey the Praperty. ; ` �' :J
<br /> � *;.
<br /> " .�.•-�-
<br /> � ._ 3. Taxe3, Assessments. Except when they are con- ."�;��.,�
<br /> • te�ted in good faith, to pay when due all taxes, special assess- ... .,_,�.- „ .,
<br /> ments and all other charqes against the Property and, upon � ���%
<br /> a � written demand by Lender, to p�y to Lender such amount �s may be I
<br /> ' s�,nFficient to enabl� the Lender to pay such taxes, assessments or , .�s�;
<br /> . . other charges as they become due. I �•' ,�;'.
<br />:'1�� 4. Ynsurance. A� the beginning of construction or � , � %'' -
<br /> "; renovatfon of building� to keep the Property insured against � '�• .
<br /> 1 � � damage by Fire, hazards included within �he term "all risk � - " ._
<br /> , ''~' cvverage", and such other hazards as Lender m�y require, in i :
<br /> amounts and wxth companies acceptable to Lender, including a I _
<br /> standard mortgagee clause with loss paXable to the Zender. in �
<br /> � case of loss under such policies, the Lender is authorized to , -
<br /> � ad�ust, colleat and compromise all claims thereunder and shall �
<br /> ��- hav� the option of applying all or part of the insurance proceeds � t-
<br /> ; (i) �o any i.ndebtedness secured hereby and in such order as I
<br /> � I,ender may dPtermine, (ii) to the Borsower to be used for the �
<br /> repair or zes�oration of the Property or (iii) for any o�her
<br /> purgase or object �atisfactory to Lender �ithout a�fecting the , � -
<br /> lien of this Deecd n� Trust for the full am�un� secured hereby - � .
<br />__1__ _ . _ _ before such payment ever took place. Any application of proceeds , ,.
<br /> �' - t� indebte�necs sha11 not extena or pnsipone L'ne due uaLe �L a�.y = - -- -
<br /> ► payments under the Nnte� or cure any default thereunder or t►ere-
<br /> k under.
<br /> t
<br /> ` ' S. biaintenance, Re airs and Corni�liance o�ith L,aws.
<br />_ �' � .. �orrower shall e�p the Property n good eondition and repaxr; �
<br /> s�all promptxy regair or replace any improvoment which may be
<br /> � , damaged or destroyed= shall not coinmit or permit any waste or
<br />- deteriora�ion of the prdperty; shall not remove, demolish �r
<br /> � " subs�antially alter any nf the improvemen�s on the property; .
<br /> � " sha11 not commit, suff�r mr permit any act to be done in or upon
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