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<br /> ' ��r' ����,O�J°1:�[.° �,�
<br /> 9'h3e DeQd of '�rtiat eha].]. sectare: -�
<br /> �_
<br /> (�) The paynle�at �,f �he �ar�.ricipal sum and iiatereot __..
<br /> evildenc�d �y Barxawer's Conetruction Lin� o£ Credit
<br /> Q�ca.w Nc�t� cla�ed February 27__ ► 19 96 , having a --
<br /> ma�tux�i.��► da�e e�f ��gmt�er i.i9�r , �.n th4 c�x,ic�i.nal `-
<br /> p.r3.»ci.pa]. �m�unt o • One tiundred Twen�Thousand 6 Nof �t�llara
<br /> (���2�gp,) , and any an all modi� cat r�n�� �x��n�A,or�n
<br /> and reraewa].s thereoP �r thereto and any an�! all �u3tuxo
<br /> �dvances and readvanaea heraunder pursuar�� to �r►� ar.
<br /> 1nc�xe pxomissory n�tea ox credit agreements (herc�in 6
<br /> c�'��l.ed "Note") :
<br /> (b) �.�lxe payment of. otdzer sums aclvanced by Lend�r
<br /> i;� ;z5otea� �he eacurity of the Note=
<br /> (c) The performance of all covenan�e and aa�re4-
<br /> ments of Ss��soe�er se�: £ortri herein: and
<br /> (d) 1�11 3ndebtedness and obligatione o£ Borrower �
<br /> �.,� Lender whether dirnct, ind3.reat, aboolute or con-
<br /> t�.�gent and wheth�r �risitig Dy note, guaranty, over-
<br /> d�aft or cx�;nerwise advanced for the purpos� oE making
<br /> improveme�7�s to the �eal e9tate hereinabove doacriYsed.
<br /> Th� Note, and any and aZ3. �other documents 1:hat aecure
<br /> �h�e No�e or otherw3.se ekec�.ited 3n aonnection therewith,
<br /> i�clludinq, withou't limitation, quaran�ees, securit�►
<br /> agreements and aes3gnmea�ts of leases and rente, �hal1
<br /> hA rA¢PrrP$ to herein aa �kne "Loan In�txument�."
<br /> , Bv�rrs�wsr,_ '�o protect the s�ecurity of this Deed of T�cus�,
<br /> covena��� and �qrees wi�h Lender as fo�.lows:
<br /> 1. Pa �nt �f Prinai al and znteres�. eorrower shall �
<br /> promptly pay ur��ea ue '� e pr na pal of and in�eres� on. and any
<br /> fee� or cha.rqes provided in. �he Note or in this Deed oE Trust.
<br /> 2. T3.tle. Horrow�r ie the owner of the Property and
<br /> h�s the right and au�hority �o convey the Pzoperty.
<br /> � 3. Taxes Aasesgmont�s. �xceQt when they are con-
<br /> toeted in good a ti. to pay w en duo aJ.1 taxes, special aseess�-
<br /> ments and All other charges against t3ne Pxoperty a�d► upon �
<br /> written demanfl by Lender, to pay �� lG�nc��r Ruc�'a �t!?Qe�nt; aa may be .
<br /> suEficient to mnabte the I,ender �o pay such taxas, assessments or
<br /> o�her cht�rr�es as �hey become due.
<br /> �� �!. Inauraa�ce. A� the beginning of constr�a�.ction or
<br /> � renovation o� u lding, �o keep th� �roperty insure�. again�s�
<br /> damaqe by fire, hazarc�e included within the ��xtn ''al.l risk�
<br /> coverage", and such other haazxd� r�s Lender may require, in
<br /> amounts and wJ,th compan�i�a ac�ceptab].s to Lender, i.ncluding a
<br /> standard mnrtgagQe clause with loss p�yable to the Zender. In
<br /> caso uf loss undar such pol3cies, �ha Lender ia aui:t�orited to .
<br /> adjuet, aolloa� and comg�rnmise all claime thereunder a�d shall
<br /> havA tho option of �apply3ng all or part of the insnranoe Proceede
<br /> (i) to any indebtedness secnred hereby and in such order as
<br /> T,ender mAy detmrmine� (3.i) to the Borrower to be us�� for tihe
<br /> repa3r or restoratiia�aa of the Property or (iii) for. amy other
<br /> purpose or ob:�ect satis£actoxy to Lender w•Lthout as�fecting �.he
<br /> lien of th9.s l�eed of Trust f�r tihe Eul]. amaurb� aecured hereby
<br /> " , before Quch paympnt �ver took place. Any app�lication of proceeds
<br /> � to �r�c�'�:btedness ahall not extend or poe�pane the c3n� date of any
<br /> Nayczcb"`i.i..`9 under tlie Note, or cure any default thereunder or nera-
<br /> under.
<br /> 5. Maintenance Rc� air� ana Com liance w3.th Laws. .
<br /> Bo�rower sha].1 eep t e property n goo cond tzon an repa�r=
<br /> shall promptly repair or replace any improvemeni: which may be
<br /> - damaged or destroyed= shall not commik or permit any waste or
<br /> � deEerioratf�n of tihe P�oper�y; shall no� remave, demolieh or
<br /> - c�ubstantially alter any of th� impro�rements on the PxopQrty;
<br /> - �hall noti commit, suffer or permit zti�y act �o be r3one in or upon
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