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<br /> Z'laia Fse�d of Trust shall secure: "--=
<br /> ta) The papa�ent of the principal aum and infereat �-���'
<br /> e�ridcan�ed by Horrowter's Coa�strtxc�ion Line af Credit �-,
<br /> Dsa�r 1�?a�e da�ed .�uiy 9 , 19 9b , having a �
<br /> � �aturi�y date of Jaauary_15, 1997 ��n the original _ _
<br /> _ psiliCigal 2nioun� of �i t -Fine Thousand—and No/100---Dollars �
<br /> -- (�8y,�iO4.Q0 ) , and any and a11 mod f cationa, exteasions T-
<br /> aaad sen�wals �hereo� or thereto and any and all fnture �
<br /> advarr�ces and readvanaes hereuader pursuattt to one or �,:
<br /> moae proaaissory notes or cz�dit agreements (h�sein �
<br /> C32I� �NOt@°)f �F
<br /> Iri�'_
<br /> (bD ��e ga�+snt of other smns advanced bp ��a�der �-:_:
<br /> . to prot��� fiile securitp of �:e Diotei � !-'
<br /> ����;
<br /> • (r) The pe�for�anc� of � •�onena��s and ���e�- �:�:.
<br /> Fac-„ts of Barsaa�c�� .�et fox�h i�ur�e�; and --
<br /> �=:.
<br /> �8� �1.1 ���x�r��rsr� and obliqati.� �x� ;&c��.��.:s�� ��.
<br /> . to L�nder w�e�3r�es a3ir�t', indirect, ala��l�� �r con� _-
<br /> . ti�gr��� and vaT����r arisinq by note, qaaran�,�„ over- _,,,
<br /> draft t�r other¢n�.rse advan�ed for the purpose o� 3taking
<br /> • imgxo�v+�ments to �he real estate hereanabove d�rsceribed. -�-
<br /> � T1�ne 1►3+atce, and any and all other documents tha�� secure �
<br /> ttae Pi�t�e or otherwise executed in conneation therewith, —
<br /> ir�ai�r3�.ng, without limitation, guaratttees, security ==-
<br /> a�re�rnents and assignan�nt� of leases and renta, shall �'�
<br /> P�� refQrred ta kat�rein as the "Loan Instruments."
<br /> . gorz���n �� �,�,��� t� Qecurity of this Deed of :5t�wt:�t, ��_
<br /> c�venar.►ts aeid �g���s c�u`h ��cler as follows: _-_
<br /> _ _ 1`�. £�a � of Pxinci al and Yaterest. :�srrower shall �
<br /> p��p�l.y p��:c��aa �:� the princ pal of an ntere�±�;bn, and any
<br /> �� �e�s or ch�ar�{�es provided in, the �iote or in this ��ad o� Trus�.
<br /> �. TitP��R� Borrower is t�e owner of t3�►.:property and
<br /> _ ��� �t �. r;crt►f anc� �,T�ns�:�prity to eonvey the Frope�t�a.; __
<br /> �. �• fia�es As�e���a��. Except o„�;�A t5'�ey are eon-
<br /> : i: t�a�r� in a�� -ai �a ,�o .r��, �v �n d�e all �;�ces, �,�cial assess-
<br /> ! �n�� an�l ��aS� o�1'zn�.� �;�axge� aga�.n�,'t the Proger�.. and. upbn
<br /> � �. �:x�t�� d�rnanr3 by �r�r, to gay tc ��nd�r such am�vmknt as may be
<br /> � � ' ��f�icier�t -�.enab��. �he Lender to�=��;� such taxes�, asseesments or . _
<br /> • o�i�r c�agi��� �s they become due. �"�"
<br /> �:-�.
<br /> � ��. Insurance. At the 3�:�.��.nYS3�,r.�� o.f conatru��ion or
<br /> ranovatfo�•. o€ uiid ng, to keep 4�i�- �.roperty insured against
<br /> c��go b� fixe, hazards ir�ludea srr�.th�n .��� tenm "all ri,s?c _
<br /> aoverage", and s�ch other �azards as Laz��c�ar. �ay .reguire„ .An ' =_
<br /> a�tm�n�a a��3 with compaa3.ea aaae�atalble tc� ��d�r, ianclhdir.�� a =_
<br /> � s�2�nslard saoztgagee clause with leas pa�a��� tco �.�r� LBnder. In -
<br /> cse� og ].caas undes such pol3cies, t�� L�s�d�� fs r�r3tharized to -
<br /> a��ust, ccrllect and aampromiae all c�a3.arr� �reretnnder and shall =
<br /> hat�a tBao o�icion of applyinq all or part d� ttl3�u�� fnsurance proceeds �-
<br /> 6fi) to aaa� indebtecineas se�red heseb� as�d� �.:� such order as �:
<br /> � L�n�3er m�� determine, lfiD. to the 1�ar.tax�s t,.� be e�sed fos th� f"
<br /> rmg$ir or restoratfon of t�tm Pgdp��t�,A a� Cfi::i� � �ca�r any other _
<br /> p;�rpoao oa� ob3ect satisfac�cxr�r ta �z��r v�F��s� ���£ectinq t�e _
<br /> 2a�e�n of ti���s Deeai of Tru��.. �or tflt�� £r��.B �r�bt _oecured hereby °
<br /> befoxe svi�eD� payatent ever.taaT� p2ace. Any ���:'C�aa�3.on of proaeede -_�
<br /> tv ind�b�ednesa ah�11 not extend or y�ostp��t�ca the dve dafi� of any �
<br /> � p:�ya��rn�a `under the Nate, or c�are any default thesErs,�der or her�-
<br /> un�2ar. .
<br />' S. F�aintenance Re afre and Con liance w�th Laws. �
<br /> � Ftarroxor ahal.l eQp e Property n gao conc� t on att repa r=
<br /> s�y4I2 �xomptly xepair or replace any improvement which may be
<br /> , 8�gc�c�� or destroyed� shall not commit or permi.t any c�raste or �
<br /> detor�mxation of tho Prope�ty; ahall not re.ntcv2, demolish or
<br /> s°�8at�ti.ally altor any of the improvementa on tlze Propertys �
<br /> _...__ �12a11 ao� commit, auf£eac or permit any act to be done in or upon
<br /> � -2- -
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