|
„ r•f��3.�-�r�r x����f"1}xcic,v'1��Lil��k `�+,4?'�in�`i�5l5�i�vi�o-t ;c�K� t ti�%"��nir�fli{�}��4 t�.i ' L�}�. f., . �. ---- '
<br /> � ° .��,Jfe i f d . 1 �`�
<br /> ,, .,..�raMiEM` . ���"�rr' . '. ..... , ..;..•'. �
<br /> l ^, ,�r,w,�, i . . _.,._ `.:__-.. .:.. - . ——
<br /> ; .. ...� • . ..-,<<.r._:�--
<br /> � .��M _-'a?'�-”.__,-
<br /> . . . i � `1 �:t�i..��LYhA.tif�. ... , • ; .� . . �� . •K4„�..-q•���.�
<br /> �t
<br /> - .. �_., __. �.. ..... .. _ . . •.�. . .., � .. . - . . �.•,f.•�Y...�tll71�11�N_.x�..^'c�
<br /> - _ _ Tr.=-= .
<br /> . .
<br /> .. ,s•yc . . . __—._ 1- =,- - - _.
<br /> .��
<br /> ...._ P4�^�R�^"6:�sx. .y... ..._.. �...:.� . .«,� �. «_. _._�+u ____.._•...,_..._,.._._._....._.__ __ _—_
<br /> . . . .. _ _._ _. .i ._ _ �.
<br /> �his De�d of Txus t sha31 aecure: ���-- 1n�4�'7 =
<br /> (�) The paytieent of the priaaipal sum euid interast `
<br /> ovi.8ence8 by aaxxowe�'s Conetruation Line of Credit � .
<br /> Drgw Note datsd Octobor_23 , 19 95 � having a _
<br /> maturity 8ate af • ,�n the original
<br /> pri.naipal amouat o Ni.netv Thoueaad and Na loo-------�ollare
<br /> (� 90 000.00 )• and ariy anc�a modifiaatione• extensions
<br /> an renewa s thereof or thereto and any and aal £uture
<br /> advanaes and xeadvaaaea hereuader pursuant to on� or
<br /> more promiesory notes or oxedit agreementa (herein
<br /> aalled "Note") �
<br /> (b) The payment of other suma advaneea by Lander
<br /> to protect the seaurity of �he Notet
<br /> (cy Tbe oerformance of a1I. csovenants aad ac,�ree-
<br /> meata of Horrower set forth herein� and
<br /> (d) All indebtedneas and abligations oF �orrocter
<br /> to Lender whether direat, indireat, abaolute or aon-
<br /> tinqent and whether arisinq by note, guaran�y, ovez-
<br /> draft or otherwise advanced for the purpose of making
<br /> improvemente to the real estate hereinabove desaribed.
<br /> The Note, and any and all other docuiaeats that secure
<br /> the Note or otherwise executed in cAnaeation therewith,
<br /> including, without limitation, guarantees, seourl.ty
<br /> aqza�ats an3 �8ai�rments oF leases and renta, ahall
<br /> be referred to herein as the "Loasn �nstruments."
<br /> Borrower, to protect the security of this Deed of Trust,
<br /> � conenants and aqrees with Lender as fo�.lowe:
<br /> 1. Pa ent of Princi al and Interest. Borrower ahall
<br /> pramptly gay when due the pr nc pa7. o and nterest on, and any
<br /> fees or charges provide8 in, the No�e or in this Deed of Trust.
<br /> �. Title. Horrow�r is the owner of the Property and
<br /> has the right an authority to aonvey the Property.
<br /> 3. T�es Assessments. Except when t�ey are can-
<br /> teetod 3.n good a , •o pay w en due all taxes, spec3al aseess-
<br /> ments and all o�her charges agaittst the Property and, upon
<br /> written demand by Lender, to pay to Lender such amount as may be
<br /> sufficien� t� Anah�e the Lender to pay such taxee, assessments or �
<br /> other charges as they beaome due.
<br /> 4. Insurance. At the beginuing of cone�ructivn ox
<br /> renovation of u 1 nq, to keep the l�roperty insvred. aqainst
<br /> damage by fire, haaards included with3n the ternt "all risk •
<br /> aoverage", and such other hazarda ae Lender may require, in
<br /> amnunts and with companies aceeptable to Lender, ittcluding a
<br /> standard mortgagee alause with loss payable to the Lendex. In
<br />- ease of loas und�r such policies, the Lender is authorize8 to
<br />- ad3ust, aollect and compromise all claima thereunder axid shall
<br /> have the option of applying al]. or part of the insurance proaeeds •
<br />- (i) to any indebtsdness secured hereby and ia such order as
<br /> Lender may determine, tii) to the Borrower to be used for the
<br />= repair or restoration of the Property or tiii) for any other
<br />- purpose or ob3ect saicisfaetory to Lender wit�out affecting the
<br />- lien of this D,eed �f Trust for the fu11 amouut secured hereby
<br />° ���rp auc-h flavmc�at ever took plaae. Any application ot proceeds
<br />= �o fndebtedness shall rioti extend vr postpone the due date of any
<br />� payments under the Note, or cure anp de£ault thereunder or here-
<br />' under. �
<br />� 5. Maiatenance R airs and Co lianae with Laws.
<br /> - 8orrower shall eep e Proper y n goo con on an repa zt
<br /> 9 shall promptly repair os replace any improvement whiah may be
<br /> damaged or destroyed� shall not commit or permit aay waste or
<br /> deterioration of the Propertyf sha11 not remove, detaolish or
<br /> substantially alter any of the improvc�ments on the Propertyt
<br /> ; ahall not connnit, suffer or permit any act to be done in or upon
<br /> -2- �
<br />
|