|
I 9..�� , F � u ..t,+�� ��b�h��4.7hv��'f�liJ�' :�j`�.�� � '���t(t�,iJ��� 'r_ n��. a 7� ��`�r%.-.iicr; _ __
<br /> .. .�F. r i �1 I��.i� �L 15 a� '' _—
<br /> F , r.,��t r � �{ �t, C t , . a°�_l.�...�'ir�� _
<br /> ;.�jr�•..�- �yi. '� 'Mb'. ,L�i.��, �Wy; � .i��1(•�!'�';•. . ' ' J� -- ... ,TY„_�.._'
<br /> ..I. u , -..r+ T.vt' �f• `�d����': ..,.r-l�� l=��'... �- . — —
<br /> a „ 1,4;, { •a.,
<br /> , .
<br /> . . ...r:..�'. . � • _ ,���1�� - ° — -
<br /> . .� ;..1'•'(:.•'� t� '-'_
<br /> , ,� �( . . � �����,:;,�, -;r_ '`( -
<br /> „ 11�1�r�'a --"'�"`"'��"�.,y��"w''r -....._ - �..�—--R—
<br /> � 1U0602 �'�
<br /> : , . . , .,, . . 92_ ----_--
<br /> F ' {
<br /> <1 �• •
<br /> . � � ,�' • �'yir. __.�
<br /> a ` ' �
<br /> �.Y.i.L: -.a_ � �� --
<br /> ' ,. � . .. Tbis Desd of Trust sha�l seaure: -_ -
<br /> � : �� �. � _ (a) Tha payment of the principal sum and i nte rest ��,��
<br /> � �,:.��--.ti��•.:'.. % evidenced bp Horrower's Construction Line of Credit
<br /> Draw Note dated JMiUARY 10 , 1992 , havinq a —___,_
<br /> .. �n the original �-= _�._-- ------ .
<br /> .� +, °,," maturity date of .IUNL 20 19 7 • ,�.------
<br /> ° � ., prinaipal amount o F - __ Dollars ,rr �;
<br /> � , - (� 4S.�QA?+ and any and a mod cat ons, extensfons ��; ``-'� ' "'' �a0`:�
<br /> " aad renewa�� thereof or thereto and any and all future ,�� �:�, �-.,•.,.�t:.�...-
<br /> . � advances an� readvancea hereunder a re�e tst Ihereinr � - . -- !-`
<br /> m a r e p r o m�.�s o r y n o t e s o r c r e d i t q
<br /> .. . callecl "Nu�e"I t ����•�
<br /> �<;,�.°�°�"'.
<br /> , lffiT.,��E�S��
<br /> " (b) Tk�e payment of other sums advanced by Lender -o���
<br /> �. ' ,�, . to proxect the security of the Notej ___- -
<br /> . �:: e� �;3�=: _
<br /> �• • (c) TTne performance of all covenants and agree- � _�; ----
<br /> � � ments of. Sarrower set fcrth hereint and ��''—`�
<br /> �=
<br /> � �F,�'�;�;_.
<br /> ld) A11 indebtedness and obliqations of Sorrower ��ti•e�,::,.
<br /> � • to Lsnder whether direct, indirect, absolute or con- ���:�Lr_.r.=- -
<br /> tiagent ar�d whether arising by note, guaranty, over- `;�.;4�;`,�;'��
<br /> � . dxaft or atherwise advanced for the purpose of making ;,,.�,,.,�
<br /> � . . � impxovemsnts to the real estatie hereinabove descr3bed. ��,;,,�,,._=_r.�
<br /> {�;.a"f-.r�„
<br /> " The Note, and any and all other documents that secure ,.• .:,-.-___
<br /> � � the Not�s ar otherwise executed in connection therewith, ,... � -
<br /> inalud��ng, without limitation, guaranteea, security ' I`",;' Y
<br /> a reemsnt� and assiqnments of leases and rentsn shall ���
<br /> 9
<br /> be referr�d to herein as the "Loan Instruments. �.����
<br /> _^—.__ ':q4k�.� _
<br /> Borrower, to protect the security of this Deed of Truat, �F:r::;,, ,==�«
<br /> i :,.:;���.—.
<br /> ' cove�ants and agrees with Lender ae followe: . . .�:. �
<br /> �.� 1. Pa ent of Princi al and Interest. Borrower shall : t� jt
<br /> � . �� •.��,�. �. Y��..— .
<br /> pron�p�ly pa� when due the pr nc pal of and interest on, and any � ` �
<br /> �` • � �ees or aha�ges provided in, the Note or in this Deed of Trust. �. , �� =�a_
<br /> �,.. '
<br /> { ��;•� .
<br /> 2, Title. Borrower is the owner of the Property and �
<br /> � � has the right and authority ta convey the Property. . ' •
<br /> , �.- -
<br /> , , _.,.,.;� . ._.
<br /> � � 3. Taxes Assessments. Except when they are con- , -
<br /> � � , tested i.n good fa th, �o pay when due all taxes, special assess- , � � � -
<br /> � ments and all other charqes against the Property and, upon
<br /> wr3tten demand by Lender, to pay to Lender such amount as may be
<br /> aufficient to enable the Lender to pay such taxes, assessments or i ��_,, :_:
<br /> other charges as they become due. � �z ''`�?-�
<br /> �►t:�?!F`�.'•
<br /> - � 4. Insurance. At the beqinning of construction or i y`'��?;`��
<br /> � renovation of bu ld ng, to keep the Property insured against � . .
<br /> • damage by fire, hazards included within the term "all risk
<br /> coveraqe"• and such other hazards as Lender may require, in
<br /> � amaunts and with companies acceptable to Lender, includinq a
<br /> . standard mortqagee clause with loss payable to the Lender. In
<br /> case oE loss under such palicies, the Lender is authorized to
<br /> � adjust, collect and compromise all claims thereunder and shall
<br /> have the option of applyinq all or part of the insurance proceeds
<br /> (i) to any indebt�dness secured hereby and in such order as
<br /> Lender may determine, (ii) to the Borrower to he used for the
<br /> � repair or res�oration of the Property or (iii) for any other
<br /> � purpose or object satisfactory to Lender without affecting the .
<br /> lfen of this Deed of Trust for the full amount secured hereby
<br /> � before such payment ever took place. Any application of proceeds
<br /> ; to indebtedness shall not extend or postpone the due c�ate of any
<br /> ��_ v_�... .+��.�e anv Aafattl! thereunder or here�
<br /> payments uniies �u� ......o, :.� ....�,. __.i ------ -
<br /> under.
<br /> 5. Maintenance, Re airs and Com liance w itli Laws.
<br /> HorrowQr shall eep t e Property n goo con ition ai� repa rt
<br /> shall promptly repair or replace any improvement which may be
<br /> damaged or destroyed; shall not commit or permit any waste or
<br /> deterforation ot the Property; shall not remove, demolish or
<br /> � subatantially alter Any of the improvements on ttie Property;
<br /> � shall not commit, suffer or permit any act to be done in or upon
<br /> �, -�-
<br /> ,i
<br /> . ; .—. -- - --
<br />
|