|
N� ;{�rT� .... . SF . . �yR M; i . �..5� . �F� � - - .rr.:.�-
<br /> ;,��zti r /y i■
<br /> �`,�. �''..
<br /> :.►.�'"..�,,ww1,.......• W�'w�M�:��LLr��`�, `,W .�. .•r:. +�,c��.
<br /> �I.. �,<Sl,s ._h.�'�M:t� i�eYr�F�yre•.+r+bti-'c.��.±.� ._,�....y. ���_ . R^..,F..r�.�:�- :��._
<br /> ;h.�ra.,,rvo� �l_
<br /> �d•`i . ,Xi+Ww�M+���� ,+ � .�;'.''..,. _ - • — —
<br /> � �S:f...:�.
<br />.. _ ——i "�'N�'1+0!'�pk�' ` ' _ '
<br /> � �(',y ,
<br /> . , ' .:i.�.��f .�-'�:_•....,_w:a..
<br /> ..11J. 'r�""" ...� _"_..
<br /> t �,_`.e_'�..�__�_�
<br /> �16
<br /> �.::_•_'
<br /> `.� �,�� , � � 92-���►:�
<br /> �,: -.__
<br /> � � . ..� -
<br /> � ,
<br /> , � __
<br /> .,.�. �.:;�. . :.
<br /> �..� .
<br /> � R� "' and No/100 Dollers ($140,000.00�, and any and all modificatinns,
<br /> U � �� extanaione 4nd renewels thereof or thereto and any and all futur�
<br /> � �•_� � advances and roadvances to Borrower (or any of thera if more than
<br /> ' ;� ,,, one) herounder pursue�nt ta one or more promiasory notos or aredit � _ __a{
<br /> o � agroQmants (herain ca�lled "Note��); (b) the pa�yment of othcr �h e -
<br /> advenced by Lender to protect the security of the Nate= O
<br /> performance of all covenante and agreements af Trustor set forth _
<br />� � � hereinl nnd (d) all preeent and future indebtedness and obliga-
<br /> tione of Borrower (or any of them if more than one) to Lender
<br /> whether direct, indi.rect, absolutie or contingent and whether
<br /> arieing by note, guarenty, overdraft or otherwi.se. The Note,
<br /> - this Deed of Truet and any and all 9ther doawnents that secure _ _ _
<br /> ,�,� the Noto or otherwi.se executed in connectioa therewith, includiag �
<br /> ; •, � withaut limitatian gudrentees, seourity aqreementa nnd assiqn-
<br /> ments of laases aad rants, shal,l b� referred to herefa es the
<br /> „Loan Ittatrwnents".
<br /> � TRUSTOR COVENANTS AND Al3REE8 WITH LEPiDER AS FOLLOWS: — � v
<br /> ' 1, p��^^e t of Indebtedness. All indebtedneas secured = __
<br /> � „ hereby ahell be paid wben due.
<br /> 2� T1tle. Trustor ie the owner of the Property, hae the �
<br /> ' riqht and authority to convey the Property and warrants that the _
<br /> � •, ' lien created hereby ie a firet and prior lien on the Property and
<br /> the enecution and delivery of the Deed of Trust doos not violate a
<br /> � any contract or other obliqatfon to which Trustor is s�bject. � -y
<br /> ` r 3. Taxes Asseaeme�. To pay before delinquent all taxes, -- ------ ��
<br /> ' epecial assessments and all other charges against the Property �
<br /> � now or hereafter levied. . .
<br /> � 4. ?nsurance. To keep the Property inaured against damage ' ���: �`
<br /> .�t: .,;;`.
<br /> by fire hazards includod with the term "eutended coveraqe" and ,:.�,,.;h'•',
<br /> � such other hazards as Lender may require in amounts and with com- �
<br /> � paniee aaceptcable to Lender, naming Lender as an additional named .- �
<br /> ineured with loes payable to the Lender. in case of loes under •:�.,:;,,_
<br /> such policies, the Lender is authorized to adjust, collect and , ,�r�.'L_
<br /> compromise all claims thereunder and shall have the option of . -.
<br /> applying all or part of the insurance proceeds (i) to any indebt- .
<br /> . edaess secured hereby and in such order sE Lender may determine, �
<br /> • (ii) to the Trustor to be used for the repair or restoration of h• ,•�/z.��
<br /> - the Property , or (iii) for any other purpose or object satis- ; "-_-
<br /> a.°f�-
<br /> �� � • factory to Lender without a#fecting the lien of thie Deed of ; �`'"r"'=�
<br /> :.;,K,;�:;
<br /> Trust for the full amount secured hereby before such payment ever , _
<br /> took pl�ce. Any application of proceeds to indebtedness shall �:�'=
<br /> � not extend or postpone the due date of any payments under the � ��-�-
<br /> � • Note, or cure any default thereunder or hereunder. ,
<br /> � g. Escrow. Upon written demand by Lender, Trustor shall
<br /> � pay to Lender, in such manner as Lender may designate, sufficient ,,,� .
<br /> � swns to enable Lender to pay as they become due one or more of
<br /> � � the following: (i) all taxes, assessments and other charges ��
<br /> against the Property: (ii) the premiums on the property insurance ,
<br /> I required hereunder, and (iii) the premiums on a»y mortgage insur- .
<br /> ance required by Lend�r.
<br /> � � 6. Maintenance, Renairs and Comnliance with Laws. Trustor
<br /> shall keep the Property in good condition and repair; shall
<br /> promptly repair, or replace, any improvement which may be damaged
<br /> or^desfrohe�dpr��prtvn�shallmnot remo eitdemolishtor substantially
<br />- '_.• Viv�• vr ���� ��—�-r _ _
<br /> alter any of the improvements on the Property; shall not commit,
<br /> suffer or permit any act to be done in or upon the Property in
<br /> violation of any law, ordinauce or regulation; and shall promptly
<br /> discharqe at Trustor's cost and expense All liens, encumbrances
<br /> and charges levied, imposed or assQSSed aqainst the Property or
<br /> any part thereof. _
<br /> a � 2
<br /> � 1
<br /> �
<br /> ��
<br /> • , ,
<br />
|