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<br /> • � This Deed of Tr�,tst Shall �_.;`°��
<br /> a Deed `�:..
<br />-. " � . �a� The payment of the principal sum and inaer�aturity ofcDECbEMHER 24� °
<br /> ��° � �--` pg Trust Note dated DECII�ER 24, 1997, having THOUSAND AND NO/100
<br /> � �:��--""�. 2po4, in the original principal amount of T��IENTY SEVEN �, ,
<br /> ,_; ;� and an and alI modifications, extensions and .� j.� -
<br /> ._, ��s, tS2�,000.00) Y
<br /> ._ __.: :
<br /> re�e�aer�u�rsuantrto one or morenpromissoryfnotes orvcreditaagreements ; ` •
<br /> _ s:. her P ° . � .4,
<br /> � � (herein called "NOTE") ; �-. ,
<br /> � `' '. advanced by Lender to protect the . . _.
<br /> :., � , :; b �e payinent of other sums �.�:.� . -
<br /> ' � �. � �` , � security of the Nate: • ---
<br /> �, . " � The perforniance of all covenants and agreetaents of Borrawer set ` ,_�
<br /> �-.../-�T..
<br /> : , fo h hereim; and = -
<br /> �`- - cd) All indebteclness and obl�rgcontingentHand�whetherLarisi.ng by note, � ��',�,,�.�,°`��- -
<br /> '�. • � c�irect, or indirect, absolute
<br /> � ' ,�-,'-, quaranty, overdraft or otherwise. The Note, and any and all other
<br /> :E documents that secure the Note or otherwise ar�t es,lsecuritytagreements
<br /> �` � therewith, iacluding, without limitatian, qu .
<br /> - .,.`.. "�:��� _ _ and assiqnments of leases and rents, shall be referred to herein as the
<br /> � � ��I,can Instruments." � '°
<br />- . � Horrower, to protect the security of this Deed of Trust, covenants = � * _ _
<br /> ; r�°'�"�;
<br /> . "� � and agrees with the Lender as follows: „�,,,,�_
<br /> . . ent of Princival and Intere t. Borrower shall promptly pay when _ ��
<br /> ' � � 1� � � al of and interest on, and any fees or charges provided in, —
<br /> ` �' ' dus the princip ---
<br /> � ' � the Note or in this Deed of Trust. � . __=_
<br /> � `' it e. Horrower is the ot�ner of the Property and has the right and . i �
<br /> (,.� `� authority to convey the Property. - �.
<br /> .�., ,.
<br /> when due all taxes, s�ecial assessments ,. �' a , -
<br /> � g. �axes, Assesaments. To pay on written demand bg ��` �
<br /> .�� ;., � �� : and all other charqes aqainst the Property and, up
<br /> . der such amount as �nay be sufficient to enable�the�ue• -.n:��W,
<br /> - Lender, to pay to Len loeco _�.-.--._
<br /> .` . . � Lender to pay such taxes, assessments or other charges as they �`.
<br />: � , g� TnsuranCe. To keep the Property iasured against damage by fire, �;� �
<br /> hazards included within the term "all risk coverage", and such other s ..,�'�:
<br /> :;+,�. � � hazarda as Lender may reqnire, in amounts ancl with companies acceptable to _ __
<br /> � � � � • ? �; Lender, iacluding a standard� =�SUCh policies,Wthe Lenderaisbauthorized to � �.;�'��,_
<br /> ' L e n d e r. I n c a s e o f l o s s u n ,� . �. :_��-
<br /> � � ad ust, collect and compromise all cla ims t her e u n d e r a n d s h a l l h a v e t h e ,`�-.
<br /> � -�`.'� op�ion of applying all or part oE the ansurance proceeds (i) to any . ___
<br /> � indebtedness secured herbeyused forsthe repairaorLrestorati neofrthee� �:..�
<br /> �' � � . " (i i) to the Borrower ta ���, .,u:. _
<br /> . • Property or (ifi) for any other urpose or object satisfactory to Lender '1 _t
<br />: ' ' .' � without afPecting the lien oa te�t gver took place�r Any application of
<br /> secured hereby before such p Ym
<br /> � . : " proceeds to indebtedness shall not extend or pcstpone the due date of any ' .
<br /> � payaients under the Note, or cure any default thereunder or hereunder.
<br /> ��'�.. . .
<br /> . . � .; � 5. Maintenance Renaira ane� ComAliance with Laws. Borrower shall eep ..
<br /> the Property in good condition and repair, snal� promptly rshall not ` �, �
<br /> � � . � replace any im$rovement which may be damaged or destroyed; , shall not .
<br /> � commit or Po�sh orysubstantiallyealtertan�y of the improvements on the
<br /> remove, d�em act to be done in or upon
<br /> � � . . Property; shall not commit, suffer ox permit any
<br /> ' � � the Property violation of any law, ordinance, or regulation; and shall pay
<br />. ` and promptly andcchareestlevied,eimposedtornassessedeagainst the Property �
<br /> � . encumbrances g
<br />- . , or any part thereof. • � �
<br /> . q.. ' .
<br />. j " ' .
<br /> _ ,' . ' .
<br /> - . PAGE 2
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