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<br /> . .�..��.. t . . Tai� Deed of �rus� shall secure: �. �,,,����, :����� .� ...
<br /> . . . ... . ' '`
<br /> ,""`���� �� „` . � � � � tal The� paym.ent ofr the prin��pal e�m and iia�ereat � . :. -.,.
<br /> �•� r' � '�` � � evid�nGed by �ogYOCUer'e Cuaa�ruc�ion L3ne of C;edit �.`�� ;
<br /> `, � � � � �. Dr�w Note dated Septembet il , �9 95 ,, h$ving a `
<br /> 4 - - - a�aturity datie oE Ma .�a the o �1 • .
<br /> " principal amaunti o - e e saad� Seven dsed����Y�.
<br /> .:''"�`;���� �$ 57 700.ofl }. and any and m aa one, extensions `
<br /> .. ` . -- anct r�aew e_ �hereof or �e�eto and an and all fu�ure � �.�
<br /> <_.�;..._,,,,„._:: �� Y ` .
<br /> � --� ., _ adntuaces and reacivaacea �er�uaa�e�► gurena�t to�orie `or _ .: - _-�
<br /> ��'�.� � more prflmiasosy notes or credi�f aqreement� tE�ege3.� � �
<br /> , ; '�;���` calied "Note°3 s � � • -
<br /> . ��.• , .�� . • ,� •`�:�..
<br /> � � . � tb� The paymemt of othes sams advancecl by Lender =�';;;
<br /> � . ` • � . , to proteat the securit� of the Y�tot�i
<br /> . �+ . �. ;
<br /> . , � :.`';:,�, .•� . . ta) The perfoYmance of all covenan�s and agree- , :,i,��_
<br /> , ;� r ments of Horrower set forth hezeia= and � , � ;�°s;4°
<br /> � 3� � td) All fndebtedness and obligatione o� Horro�er, �
<br /> ,.�- -=��-f��'� to Lender �hether direc�, indirect, absolute or coa-
<br /> .. .. . ,..
<br /> .. ... ..::,. • . _.. ..._....__... ..-- �- -- ---- <.•.;
<br /> . .
<br /> _ ., , , ......_. .. �ngeat..�dl-�whe�Iier_a�is�ng bp-�aote,.._t,�ra;��tu�y; �o�rer=_ -, . _ .__._ ..._. :, _...
<br /> `' `- ° draft �as .s�the�soise adnanced for the pu�rpase o€ mak�ng � �==`
<br /> .:,-._���,� _,Y:,.
<br /> ''� .. ,. '.� '. - €mprov�ts �o the real sstate �ereinabove descr�.bed. �--
<br /> .--, . ..,:� � ..
<br /> �.'he Note� and any and all other dacaments t�at secure ��:
<br /> ,. ..•,. . :.f • . �"�-
<br /> � =•..: ' ',<,, .•:x�,:;; - �he -Note_or-o�erwise eiceentted -3a counection therewith.. _. . ��-
<br /> ._.�s-,��
<br /> , `, ;,�;.•, • includ�ig, . withou� limitat3oa, guarantees, aecurf.ty . _-
<br /> - - - �• _ _•.agr°�€s an3- a�s3gn�Qata -Q€._leasee ant�._�en�s; .aha���.=- -- .: �"�
<br /> ..�`' _ - be re��ed to hereia �s the "I.oan .Snatx'vmeatis.° °=-
<br /> . , �';�;� � . � . . , � � � . _—
<br /> ,;:r� , ... , _
<br /> ' ; �:;ru; . . �3�rro•.��r.' �n g��t��ct t�e� secets$ty of this Dee� of Tr�Yet, _--=
<br /> . ' •:;,t;� . coeenants ars�3 ag�eea with Iser�er as follawss � � ��r
<br /> i'- . ,. .
<br /> .+.:r" .. ..
<br /> ; ,�. � . �q•� Pa eat of ��3�ici a1 anr3 Imt��rcest. �d�tro�ees shall _
<br /> �:';�..���.�. -
<br /> ;-'�-:r.;.-,: ,,; .�, � proaptly► pay whea ue the ps�an� pal of and � tszeat on, a�x3 any , -
<br /> „ fee� ar chaxqes pronfded fn, t.�►e Note ox in this D�ad_ of �rust.
<br /> .: ;.,..,
<br /> � .. �� �. Titleq Borrower is the owner of t$e Property and � � _�
<br /> ..�..�. .�_��. bas the right and anthority� to conneg� the Property. . ,
<br /> .�,•.r.'.',i f�. . . � . . . , .
<br /> �. .f'f�t. . . . .
<br /> �=�:�-°_�:• � 3. Taxes Assessments. 8xcept when 4��y ase cpn-
<br /> _=�.,�,�.:��•-',`?�',�,�
<br /> -��� _--- tested in good a t ._ to pap w ie� drne all taxe��, s�cial�assess-
<br /> __�r���= ments and a�,l o�her chasges aga3.nst the Proper�p and, vpon
<br /> _�:.��,;.r--
<br /> �-.:�;?�-°-�;;_., written de�ux�id�by 7,ea�der, to pay to Lender ouch amannt ae may be �
<br /> - �'�'""' � suf�icient tio enable th� Lender to pay� 'such taxes, assesamenta or �
<br /> __., . ,,
<br /> y:`r•. �..:.r' . ,
<br /> ,;;�z,.-'���`;,' • ,other chasqes as they became dus. , , � _
<br /> �* ���: � 4. Insur�ance: At tYte beginninq of construation oi
<br /> =•„�' u•,..� reaovation cf u�fef� to keep the Property �nsuied againat
<br /> ` '`'�`"��"``' ciamage by ti.re, haxarda inciuded wit,�iii the term °ail: �ir�k
<br /> ••,� . .,..,.t: ,
<br /> ° �� :�?, cove.rage°,� :aud sucix othes hazards ae Lender anay,.��gui�e;•� 3n • .
<br /> ���°:`�;__.�� � ama�srt�s and with c�paniea accepCa�le to LenBer,�' ��clutdinq a . �
<br /> _ ����= ' - starc�ard ��tqaqee clause s�itib lac�c� payable to the LenBer. Za� :
<br /> . ± .�� aase of ���a .wtdes snah po�icies, .the Leader f a authorized to . � ' .
<br /> .. ::;::�t' ad�u$t, co�3ect and compremise al�, claim� thereun8er and ahall . �
<br /> -. - - ::,�. riaae �he option of.applyinq al1 0���art of�the 3.na�ance procee�3s • -.
<br /> • � %;.:�,,, ,: �i�� So any indebtednees seavred $��eby and in su�h orde� aa ' , = _.
<br /> -;.�� ` '���"�� LenBer may determ�.ne, �ii) to �hv IIarromer to be usesi fo� the ��
<br /> - _ � � _�� repair or seatoration of tlse Psoperty or �f i i.) for any o t ber . ;�:����
<br /> � . . � purpose or vb9ect o�ti�fa�ory to Lsnder c��.thout affecting the � ��:r:_
<br /> ' :,. ,,..•..
<br /> �� ' �� ' Yien o£ this Deed of Trast for the fuli annount seeatred hereby �-1 ��';•
<br /> • . ,::-���� before suc� payment ener took plaae. Any appliaatf.oa af proceeda , �:
<br /> - • to iadebtedness sAail not esttead os postpone �he due Ba�Le of any . _
<br /> � . . � pa�nente under the Note, or� anre any i�efaul$ �hereunder or hese- � ��
<br /> . . r � under. . i ..
<br /> � , . � , 5. Ma�.ntenance Re a�xe aa8 Co liance with Lawe. '
<br /> � . Horsosoer ahal! eep e roper y n goo con oa an repa t .
<br /> .� ':;, . � shali 8z�nptly sre�air og repiace� e�Y fmp�rov�¢ent which may be ,
<br /> :,: � ; � d�aqed or destsayedt ehall riot commit or pormi� any c�aete os . �
<br /> � �� ' � 8eterforat�on o£ thQ Psopesrty� eY�all not removo. demoZieb or �. .
<br />°= � �•:; � � ' s�stea�t�!��?y �3�es. a�n►S► o£ tha improve�nta on the •Propert�►; . � .
<br /> — � ' , . shall, not cammit, su�fer or pesa�.it any act �o be 8on� in os upon
<br /> .�;�: . , .
<br />�__ . . . , .-2= •
<br />-_ . :;.. , - �_
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