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84006368
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84006368
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Last modified
4/30/2008 4:19:50 PM
Creation date
4/2/2008 9:43:01 AM
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DEEDS
Inst Number
84006368
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<br />12.4884/4X <br /> <br />84 --008368 <br /> <br />r <br /> <br />C, Payment of all fees and charges of Beneficiary. whether or not <br />set forth herein, <br /> <br />D. Payment of future advances necessary to protect such <br />property, <br /> <br />E. Payment of future advances to be made at thec?ption ot <br />Trustor and Beneficiary, provided that the maximum. amount.'~, <br />hereby. including any such future advances, shlllll not exceedthetot81 <br />sum of $2.000,000,00. Nothing herein shall be deemed to. impose . aDy <br />liability on Beneficiary to make any such additional future adTanee, <br />which shall be solely discretionary. <br /> <br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, Tlf,USTOR <br />COVENANTS: <br /> <br />1. Title: That it is lawfully seized and possessed of a good and <br />indefeuibtetitle and estate to such property in fee simple and will <br />forever warrant and defend the title thereto against the claims and <br />demands of all persons whosoever; that it will, at its expense. maintain <br />and preserve the lien of this Deed of Trust as a first and paramount <br />lien upon such property, <br /> <br />2. Maintenance: To keep such property in good condition and <br />re.,air; to maintain all parking and landscaped areu satiafaetorUy to <br />Beneficiary; to complete or restore prOl1lptly and in good and <br />workmanlike manner any building which may be constructed. damaged or <br />destroyed thereon and to pay. when due. all claims for labor performed <br />and materials furnished therefor and for any alterations thereof; to <br />comply with the provisions of restrictions affecting such property; not to <br />remove. demolish or materially alter any building, or the character or <br />use thereof at any time thereon; not to construct any additional <br />improvements upon the Real Estate. other than those shown on the plans <br />specifically approved in writing by Beneficiary; not to drill or extract <br />nor to permit the drilling for or extraction of oil, gas or other <br />hydrocarbon substances or any mineral of any kind unless the written <br />consent of Beneflciltr~' is first had and obtained; not to commit or permit <br />any waste then'of or any act upon such property in violation of law; to <br />do all other acts in II timely llnd proper manner which from the character <br />or use of such property may be reasonably necessary to protect and <br />preserve said security, the specific enumerations herein not excluding <br />the generll!. <br /> <br />3, Con .trudlon of Imtrovements: To complete in good and <br />workmanlike manner llny bui ding or Improvement or repair relating <br />thereto which may h~ begun on such property or contemplated by the <br />loan secured lu~reby. to pay when due all costs and liabilities incurred <br />therefor, and not to [)ermit any conl!ltructioll lien ags.inst such property, <br />Trustor also ag:r-eel!. 'my thing in this Deed of Trust to the contrary <br />notwithstanding: (1:1) to promptly commence work Ilnd to complete the <br />propolled fmp1'ovements promptly. (b) to complete smne in accordance <br />with plan~i find !lpeeificntions Ill'! approved by Beneficiary. (c) to comply <br />with all of the terms of any construction loall agreen.ent between Trustor <br />and IJeneficisry, (d) to allow l1eneficiary to inspect such property at all <br />Urnes during ~on5tI'Uction. and (e) to replace Rny work 01' Materials <br />unsatisfactory tn '~eneficiar~'. within fifteen (15) clays after written <br />notice from Beneficiary of such f/let, which notice may be given to <br />Trustor b~' rf!gI~ltered or cerUficfl mIdi. st'nt to his last known address. <br />or by persoflll.l i'll'!rvice of the !lsme. <br /> <br />L <br /> <br />4. !!!:!..._~!ld Ca,liIualty Insurance: To keep such property insured <br />against IO!ls or damage by /'ire Ilnd other rlMk or I'isks which. in the <br />opinion of Rent!,tkiary should be insured against. under polit~ies of <br />inlJunnce with IMIR paYlilble to lhmeflelllrv in form. amount and companies <br />acceptAble to Ihmeficlarv. fn(~ludil1R' durinl{ periods of construction. <br />"builder'/! rhill(ln~urf.\llce. Il(Hu..,~porUnl!' (('I'm". Said polieles Rhall he <br />delivered to lAnd remAin in PORIlC&!lloll of Ihmefidllrv 1'1'1 further security <br />for the fllUhf'ul pHrforlT1ll1lCe Olf th(~f,\(" obliR'otlonfll,. which IItlUV{!rv !1hail <br />con!ltitut€! IUl ll!'iaignll1l"flt by T"llwlor to H<'tll.'l'idnry 10 Ill!' l'ightfl <br />!ht:!l'eul'lt.h~lI'. '"eluding /Ill return prf"miums; to !\n!ivl'r to Herwfkilu',' " <br />polky of' p(lIi(Jlfll~ l'ellewllllo! Of' pXh'lHlinl{ Imv '.'Xpil.jl1~ inRIIl'Iln':e with " <br />n)(~I~lpt ,lwwh\K prt?miUItlH pllid lit if'll"t thirty (30\ dll\f< "0'1'01'" <br /> <br />j. <br /> <br /> <br />I....'...',..'."....,......... <br />, . <br /> <br /> <br />r-. <br /> <br />c <br /> <br />-1 <br />
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