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<br />��, T�if.� �e��_ ��. ��a�s� eta�18 s�c��: ���' ����a`�� W�. "
<br />,r� t��. �'r�� �ayr,�..en� of the principal sum and intesest �"'
<br /> °F ���-���a� ��y 8o�rower's Constxuctio» Line of Credit
<br /> �_`-
<br /> Dr�t�t �1a��:� dtatec� Juae 28 , 19 �b , havinq a ��-
<br /> , �Lp���: ¢���e of S tember 2fi 1996 ,�n �� orig�.nal
<br />.; py�i,,'°iq�j�ci�,.�motint O o Hun �r d Te Thousand 6 270 100�O1Sars
<br /> � � °�-
<br /> (�2T0 tY�1 . o :D� and aay and alJl aEC cations. ex�eAS�.ans �_ .
<br /> � an r�ar�+�;,t�$,:s thereof �r �Qreto and aaiy �d aga future !'P`�_
<br /> '' adv�a�� arad seadvances here��� pffirsusnt to ane ar =�
<br />:`:�, ur.�xs p����+�&aory notes Qs creal,�.t agreer¢�nts (��zeiai +��
<br /> ca.11�3d 04It���"9�1 ----
<br />�_,J}' . �-_-
<br /> :, . 4uj ^�s PaY�uent of ottaer �ums aalvanced by Lender ���:=:
<br /> tc Es���ec� tche secnri�y csf the RTo�e; �`�.�
<br /> �'� � � �.-.
<br /> ��;; 6rs�� ��te performarice of all cosr�aaants and aq�ee- ---
<br /> �n�� aF ��orrovaes set forth h�xa�n� a�d ---
<br /> tr�i�� All indeabted�.�s and al�rliga�3on� o� Barro$ysr �_
<br /> te �s��ler �rahe�hesc di�r,�rc.�, indirect, abs��ute ar a�A� j y r
<br /> ti�.s►�aat� and •�ther arisia�g ��� no te o 9nafata�i 6U.,.a�n e r- �'�w-
<br /> axa� or ath�r�se advanced� �uc tY►e puxpose o:� �akiacg
<br /> •�-�ent� .� the real esta�e hnxeinabove d���ri6ed.. :�
<br /> itr+� . •.
<br /> R�� 4x�iw�s, anal any and all othes docu��snits thahe=e��h �-�y.-
<br /> �}�e Is`�r�� a�c otherwi.se execnted in conaaection t . ?���'�
<br /> . s . .::u�r:_
<br /> iri�luding. �v�:�hout lfmftatioa�� guarantees, secnxity °__ -
<br />-,;��°, agreements aad assignments a� leases and rente, ehall � �
<br /> : be se��ed �o herein as �th� °Y�an Yn3t�ur��sn�a." __
<br />::`,'';` _ i ��_
<br />.;r;r� f Borsa�wes, to protect the seaatriicy of th�s Deed of Trus�. __
<br /> c�cr�Y.�v�ants a�ad agre:� with Lender �.� follows:
<br /> :���,. ° � o.
<br /> :,'r'.!'{� ''•�;::�.; 1. P . :' �n� of Princi �:7! and Inte�es�. � ��xro�e� sh��lk : :• _ ,
<br /> -�';� �zamptly pay wh��t:,�ue the pr c �aal o and in�eses� on, :���. aa�y'�..:.� ,,•��,:
<br /> ;,;'<;, f$es or charges gr�pvided in, t4�e Nat� or in thi.a 13�ed o� '�'�stc•
<br />,'^��.,� 2. Tit�Cca. Bo�cewer, is.the owner af � Prog�erfiy �nd --
<br /> ���_.., . . � ----•-��-
<br /> ;r �'� ?�as the afqlnt and �s�f.tiori�p to cror�va� th� Propeg�y�. . --
<br /> ., 3. Taxeo Acsessmente. Ex�ept when they aare c�n- .
<br /> ;:.�, tested in qood tts.. to PaY �a ett du� all �axes, specfal.a�oess- : _
<br /> � men�o an@ all otlner oharges agrailns� filae Progericg an@ s upan � �-
<br /> - �tri�te�a dectand by 7�nder, to pay �o Lsnde� such ��t as may 1�;.; � _
<br /> �,�,.;;. � . suf�icient to enable the LenBer to pay snah taxe�;. asaessmenfc� aa,.,
<br /> , other���ha�qes as �hep be�ame due. . �
<br /> .. � `
<br /> ��,. Ir�rance. �t ttx� begfnr�i�g o� �nstr�nction or -..
<br /> re�oaatfon of u �1 ing, to kee�r� thc� Pro�c�rtX za�r�a�red againa�
<br /> damaqe by ffre, ba�ards include8 w3.fhin the �b.�m "all riak . ��.
<br /> �' " �� ' � c�verage", and such other hazard� as Lenc3er ma�� requ�.re, in =
<br /> a�aounts an8� with compan�es acceptable to LenBer, includinq a _
<br /> r��;�dar+c! u�rtqagee clause with loss pAyable ta �Iae Len�er. Zn �
<br /> , e����`: of lass undesr such palicies, the Leades is au�hogi.zed to
<br /> ac���st, cdllect ami ccmpromise a11 olafms thereunder and �hall -
<br /> � � have the aptian of applying ali or part of the fn�urance proaeeds
<br /> t3) to t�ny indeb�ednese aecuxed he�eby aas3 9.n such order as
<br /> � L�i�a•�er may detersrl�►n�r, lf.i) to the Sorroa?ex to ��. used for the
<br /> � xa�r�ir or regtor��r��a o� the Progesty or (iii) for aasy o�hes
<br /> � pv�ose d�c ob�ect: �a�isfactosy to Lend�s �ri��hhan� affectinq the
<br /> � lfen �� this Deea�, of Trust for the ful� a�unt secures� h�rel�y
<br /> � before aua�. p�ymsn� ever took place. An� application �� proceed�
<br /> ta ind�bt�dnc��s ab411 not extenal or postpone the du� da�e of aa�y
<br /> ':,. , paym�nta t�ad�r the Noxe, os cnse anp default thereunder or here- � ,
<br /> un�er. � �
<br /> .; .
<br /> 5. Mafntenance, Re airs aratl Co liance wi.�h Laws. _
<br /> .' Boraowes steall eep e Property qood con on an repa r7
<br /> ahall promptly repafr or replace� any img�rovenent which may be
<br /> damaged ez destroyed; shall not com�it or permft any caaste �x �
<br /> �.' : •r deterf�ra2ion of the Prcpsrt�= eha11 n�ot re�ove, demalish or �
<br /> subatantially alter any o� the improvemc�nts on the Property; _
<br /> ` s�a;l ;�r,� c;,�r�t, auffsr as ��r�£� an�r ara tc� be done in or upan _
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