. . 1 � S . t � .� .♦ � `["rsP,..� wu���a',�.
<br /> . -i._ -: ^ y •. . .� . f . �4 �.L_ xi. � � � — - - .
<br /> s ,�'
<br /> �- f � ��- ^3" 'F., `�r`�,s4�' . r �_ - � j ri,+� c., - rW'c..`��c:G�� .ry-- �i"u as�.�oA.�..��' - =— —-°--...
<br /> Ys=s�.��aa.�v`�rs � ���F,� s �'•r °,,,� _��r.��• .a �s ..y.'5���� — -- -- -- — —
<br />--;jG'•'��� , ---- � , . , . . -
<br /> -_-__ ;,,ra.� . , , . , • � • . ' . __-_---
<br /> _='•=-=k� . .. . . , , -- W-�--
<br /> ,� ' . ' �• . ' � . — _ ----
<br /> _ __._ __.___—~`y . ' � : . � . • � . . . -_-___—_--
<br /> _ � ' . � T#►ie �eesi of �ts��� �n��I s�--►�.:--�:'� � ����.�'���, �==-
<br /> �:�.,� � . ` - -- -------
<br /> _ - � ta) The pay�aent o£ �2ta.pr�:x�s{3.paY •s� a�d �nteresx — _
<br /> � � evidenaed`by 8orrat,tar'e Cors��ca�sl�ion Line' of Credit '°�
<br /> ,���� � _ � ,Dra�i�t Note date8 Dece�D�r 3Q.: ,. �. Ig 94 , h3t�#ng 'a ��--- ----
<br /> .��_, ' . � A:atu�i�y 8a�e o� .tuaa 8e 1s�� ' �.� ,.�� n trie origfnal. ��.���� -- ' -_ _
<br /> �' ^�. ` Larinci�al a3no�at o oae �ua3a�e� �#,� Thousand b Ko/I�ollars __
<br /> �icat o�s, e�stensioms t"�^�� �
<br /> �� < ' tSi t}.0� ao.00 ?• and aay aad ab�.. ui��� � �
<br /> i�; �ncl renewa2e th�reoE ox �eesa�a .,a�rd any �and aII €u�ure : f�s�� _=--
<br /> f� � ~��'�- - —��tt���s aaid readvance� _h��a���t�.•pursuant to on� or �� _ �"=
<br /> �`"' ?�'�,.� -- _—= moie, prom�ssory notes as csc�.:�,:aqree��n�s�i$erei� � - �,�r --
<br /> -- E:t �
<br /> �;
<br /> --�- Cdll@d °NOte"}j ` �.F`'�-------�"��
<br /> _�� j ..: ___-.
<br /> .;�����' . � . Ib) The paymen��.—o�E�es. suCl,� �advaneed bq �ender � :r' - ---
<br /> _-"`�.�"`�°� to protect the secnritp a£ th� H��e; � � `��"`---�
<br /> .��,� . .
<br /> ��}6--- '" - -...
<br /> � -��.• tc) Tha perfosmance o� aJLJ. ��enauts and agsee- ` � = `-
<br /> ��-, ,��t. �.
<br /> ���`,��. iasnta of Horr�raer aet fostl1 hs�r.q�;:,:�and . ����-�.�
<br /> �- �.,t�_ �' °-�- --.
<br /> _ �"`�`�� td) All indebtedness aac� oh,'',�ations of Horrawter �Y , ;{� °
<br /> � ^.:•�-�+ to Lender �hettier dfrect, fns�se��, absolute or con- � � �r �� t.,� �
<br /> Zu�,���, . �inqen� �and �rhether ar3�ing b�. nq±;te, guaranty, over- � - ` °r��-- -=-
<br /> draf� er otherwise advare�ed. fd� t�te purpose of �ua.�ing � �'� �s �_
<br /> .�:j,._:. .
<br /> �' '��� � ' • imgroveauents to the real .estat.e� t��3seinabove descri�+ed. .. � r -> ��`�;_•;' ��---
<br /> ��=::;,� � '� The Note, an8 any and a�]. oths�: documents that s�re :.;�:;���, � '
<br /> .�� �=r ; �- � the Note or oth�rwise execu'�d �i conaectf.on tt�erewith, `�•'";�Y:� .-
<br /> ., i'�'I— r . —�
<br /> � ` includangs wit2�out lim3.tat�aA,r ,;guarantees, �sec�ity � � .: �
<br /> .�`- ��_`. - �qreean�ts.,and a�si�uaen�s o� I�ases and rents�..shall _ �'" �-- -.- . '�
<br /> -- - �
<br /> ------ - ------be refesred �o bereim as the ��i�Tns�nu¢ea�s.-°- -. - - - ,,.•.�
<br />_ ' : . . , : , . ;;�,�_
<br /> �:�;�'� ��` '.'� � HoYrower, to protect ths ss���g� of t�i� Deed of Trust.. � '�� �" ,��-
<br /> ,_ti�� ,� ,.4 _ ,,. .,.
<br /> `',7���,; _ . • covenants and agrees with Lender as fo}�ows: . �. ;+_' .
<br /> � �. .: .d .. : . ' -�_ `r
<br />;_,_<<,_�'�„'�i.. ; � 1. Pa ent of Pr�nai a� an�t. Interest. Borr��er sh��T: ! �. R ,�
<br /> �`��•w " � prompt�y pay when due the pr�naipab. o and interest on, and az��r .
<br /> �. �s�. •..�. : €ees or charges p�ovided inp the Not�, or in tPt�.� Deed of Ts�st. _ ;���_
<br />-j-�^; -��-,- : . � .:r�-
<br /> �.' . .` .� .. .
<br />__ � � ,`.-;;�•L= � 2. Title. 8orrowes f.� �te or�ner of the Propcirty and �:_,,.�.,,�
<br /> ___��. ,=? �,��:� , has the right and authasity to concre�� �he Property. � ;_ � -,���"
<br /> ��r�.:�•• ' • _; ,M�`� `,;.
<br /> 3. Ta�ces Assessm�A�s. Except when they are con- � �
<br />"�"`����:.�:� � � tested in geod fa th, to pay w �n dne alI taxes, apecial assess- ` . .
<br /> �_=�"°^ iuents and �ll other charges aqa;�s1� the Property and, upon � , � . .�. �
<br /> i',:;:-��'-�9_— writtea deman8 by Lender, to pag tb,�Leader euch amount as raay be ��.'�.R:.� � �
<br /> -- ��� � - sufficient �o enable the Lendes ta p�y such tasses, asaessments or . . .
<br /> .�j��:-: ',, other.chazges as thep become due. .�� � -
<br /> �.: .
<br />�.W. :,,--s� ;' � , .
<br /> . � 4. Insurance. At the begfnning of construction or , �
<br /> -�`'°� renovatfon of u l�d� to k�ep �he Property insured aqainst . .
<br />-�=�5�`"`��,��:�;��� damage by fire, hazards fnel�adgd �withia the term "all risk . ��
<br /> Y`�i�Ja-�;i:':`-iF: p ,
<br /> _ :,:,,j,: : , coverage , and such other hazasda _ as Lender iaay reqnire, in .
<br /> r����,�:� amaunts and with cempanies aacep��2e to Lender. 3.ncluding in
<br />_ ..�,.,�� _ �tandard mortgagee clause wi�lt lc�r�e payalsle tv the Lender. .
<br /> �`�:-�-;�+s:.•. :: case of loss under auch polici�s, .the Lender is authorized to
<br /> z�:�� �
<br />-';��r�q adjust, collect an8 compromi�e a�,l �claims thereunder and shall �
<br /> �==�i,��
<br /> _�:�; have the optfon of applyinq a�l or part of tha 3nsurance proceeds .
<br /> - -__.� (f) to any indebtedness secu�e8 hereby and f� such order as
<br /> _=;�;i��,�r�_�.� Lender may determine, tii) to the� Borrower to be vsed for the
<br /> ::�:�;��• sepafr or restoration of the PLOpdrty or �fii) for any other ; '
<br /> _';3 i..::�;_. ,
<br /> .-•a:���� purpose ar object satisfactdry tu Lender without affec�ing the
<br />��T:�':::�� lien of tQiis Deed of TsaaE fas �8r$ full ameunti secured &ereby ; .
<br /> -'==�� before rucb p�yatent ever tooh p3ace. Any application of proceeds f� � '
<br /> 4 �� �.�° to indebtedness sha2). not e�et�n�i o� postpone the due� date of any � � �
<br /> .;;;;;F�m � �' � �o�ymea�o under tho NoLe, os cure any default thereunder or bere- �. - .
<br /> �� i� � un��a�c. � � . .
<br /> - --��:��.
<br />-s"r:=���.:',.;`�.�: . .� „
<br />-; '-'� �"� • � 5. Mafntenance R� �s�rs and Coi liance with Laws. -
<br /> -� -�'=-��"' Sorrower sh�ll eep tio FropQr�y, n qc,�zc! conc� tzo� aa repa rt ; ' .
<br /> -� i����-��.
<br />- _-:.....:,- shali promp�ly rep�3r or rop�a�e any 3JUprove�ent whiah may be �� ��
<br /> ---"=�`�"��l damaged or destroyedt sh��l �mt� co�it ,or permit any wasle or � '
<br /> --�:c;_,-,.�
<br /> - j` � � de�erioratfon of t&e �ropestyr� shall not remove, demolish or �
<br /> .. �•�.,;�...
<br /> . � -- , . substantially alter any o� tP�e� improvementa on the Pro�erty= i � �
<br /> . ._.. ,
<br /> sh�ll. not coa�nft, sufger os pa�rmit any act �u be done fn or upon �
<br /> ... ...
<br /> ...__._..-_.• � �
<br /> . s-----_ . ,- --
<br /> , ��--=
<br /> .. � ' , -2- �� . ." .
<br />:.. ..� �.. . t �
<br /> . .�,�, � � .
<br />- . • . -
<br /> _ .
<br />
|