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<br /> � � �"` . ' , other leases; all easemente and rights of way; all rights of homestead . -
<br /> ; � '�`"`� � ' and homestead exemption and any surviving spouse's marital or distribu- �� -
<br /> � tive share, and all other contiagent r�.ghts in and to said premises; ans�
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<br /> . _ `. � ' : All fixtures, improvemera.t�� buil.c�ita���, and the plumbing, heatin.g, " a'',:•:~;;�'�;',�.��;
<br /> v�a.tslat' ��i ii tzn s tc-�ns �;._ i m+�at therei.n, aI.Z of cvhi.clz '',f `.-r, ,
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<br /> � � -' �: ��ZaLT �;',;�'.r�`..�s�,c� a�d.�:c����d�:.�3 � �a:ffixed to and part of tF�.e� r�al � ����,��"��
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<br /> �' y�,�`n��� . .'_' . �_-.; _ .
<br /> . ��?����• r All of thc�--���� est�te, property and 'ir►terest hereby conveyed to the .
<br /> . ,.�� ��.,.; _� '� �� said Truatee is hereinafter collectively referred to as the "Property." �
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<br /> - .- �_'��`,:;;.; TO HAVE AND TO HOLD the same uato the said Trustee, Trustee's succeasors ` `4 �
<br /> - �•. •' ;`-� and assign� forever, IN TROST HOWEVER and WITH PBWER OF SALE hereby expresaly �
<br /> . ���•°-: granted unto the said Trustee, Trustee`s successors, and asaigne for the `� `� �' "
<br /> , � ��` L�` purpose of �ecuring: �,�' �=:
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<br /> � � � �` � ta) � The payment of Trustor's juat indebtednesa to Beneficiary in the �� ;�- `
<br /> � • ���5' ` principal eum of Foxty-one Thoueand Dollars t$41,000.00) for money borrowed. - -_ -
<br /> _ :, � �vith interest thereon, all ae evidenced by and fn atrict accordance with the ;>:���'�.�:��
<br /> - :�- ��� �.� � . terms a€ ihat certain promissory noCe hereinafter called the "Note", bearfAg �`;,:=:_;:;::
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<br />-: ,;�;,�;�-;- � r even date herewith made payable to the order of Beneficiary, executed by ;:>;-,:. �,:__
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<br /> .� , ,s. ;, Christian S. Mehring, and providing for the payment of said indebtedaess in —
<br /> •''�s � '•% � instaLlments, subject to acceleration of maturity on default in the payment ��
<br /> ,,. :�,� of any installment of principal or interest or in the perforatance of auy ,'� � -
<br /> t`{; �;:`'. covenant, agreement or warranty contained �n this Deed of Trust; �� -
<br /> }�,'f,', �:,f � u%.�_
<br /> ;,,j{ '�,`��"'j �'�,° (b� The performance of each agreement. cove�s�t aad wa�ranty af �rr,��vr.: ,yf;` n�° �`.
<br /> w "j; �1�,' herein contained or set forth in the No�+�.;.a#r aa�y agreeiaeat or instrumecc� . ,,�, °-----.�
<br /> r« , >- ` t%��>� executed b� 'I�zu�tor in connection with tt �b�ed�ess hereb secured; �a$ ; ;` '.;�
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<br /> `� , . ;, I ,;::;�; (c) . .°°,���e�� �.�2nt of any eum or sums o��ir�ca�ey �th interest th�reon vihi�Su, `� �` -_�_,
<br /> �•.;��. may be he��ter paid or advanced under t� �erms of this Deed of �aast.;':�:;-���:��' " �
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<br /> ".#; : NQS�'v "37T�REFORE, TO PROTECT � S$CQRJC'�"i' �P THIS DEED OF TRLTS�.. �`r�'4,t�L';;� , 4j���f
<br /> does for �,'�ruator and for Tnastor's heirs, representatives, �a.d�#s�; � °�r
<br /> ` . .�,r succeesQrs and asaigna, the aw-n.�i s �of said gsa�erty, hereby ��s�e�s'b.�r.� ,;,; ;-_
<br /> covenanto �,�gree and warrant to aric� wat�; ��.�.� Trus�ee and Bensfic�ary, ��.: . ,,�,��,�--
<br /> their su�c�.��rs., vendees and aesigns: ' , � f�, .��.—r
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<br /> y'�, F �y . '�h�.� :��tche Trustor hereby cv��jcs�' a,m.d agrees, to the extent
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<br /> �'tj i��� _,�f. . permftted-isg � ,;:_a.r� fallewa: ia) to pay.:;�rna���y�' w�en clue the principal and ��-.:- _
<br /> . ;,?`,,.} � interest �:;•�ti����sucns afr money gsavidEd:L�r���.in '�he�Nate and in this Deed of �._� .
<br /> ``1� ,Y .,. . Tru�t; . fTo�)�.��:.� pramptly p��r.�before de�flx�ncy alZ taxea, asseasmenta and ,,
<br /> . '';�; ��,� ��i�er c�3y�s imposed by law �x�i�m CY�c� �.L�operty, the Truator'a interest �-�-
<br /> �.; .� � t�i�einp'.4� upon this Deed of Tr�� +�� ��e Note; provided, hcwever, that in ;� `�
<br /> � ' '���`�.�� ti�� eveal., of any change of the T;�w: �.st�tv�ding for the taxation of deeda of �,�„ �_.�
<br /> . F. .,:.
<br /> " truat o��,cc��ts thereby secured eo ars'�o �fr�ct this Deed of Truat, the entire �;
<br /> � �- :.��%' indebtedi��r eecured hereby ahall at the ia�tion of the Beneffciary became dus. � � -
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<br /> �, r . ,�� ��}:� and payaf7'L�r�, ��,) ,to keep the above-descr�d.�Property and the improvemeri�� �. : ,, . t��: . ._
<br /> ` �s•t��,t� thereon s:�c.'�4+� ���:.andition and repair asn�^3 �not to commit or suffer wast� ,: •a�•�
<br /> . ;���t�z..�, •. � �, thereof, � �.c��i`• as authorized in any s�aedule annexed hereto and formi.�, ;„; � � ;-.: _,..�.
<br /> , :" f ' `'` a part �+;��tE;�` tt�) to maintain and d�n_3�ver to Beneficiary palfciee of '..
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<br /> � insuranw� •.:a.�ainet auch h,�+r.ards on tbs b�:ldings and improvementia now .ox ` #,��,;•
<br /> ' � '`. "�� � he�rea��k�; �cated on or coristi.tu�in�' a.�a�c� of the Property ae the Beneficia= q t��;r, �
<br /> .�.,, � � ��`� � �Y����' require, in euch companac�.and amounte and with such loae payable ���,:x:. . . �
<br /> - � � .��`•:r cla��ses as shall be eatiefactory �:o the Beneficiary; that in the event of .�:,�•�!i,�:::�---.-
<br /> . ' � loba, Benef iciary ia escpreeely authorized to setCle or aompromise claime ,����.., �
<br /> � � �r, under safd policies and the proceeds thereof ehall be paid to the Beneffciary . �
<br /> , � ' ' who may apply the same or any part thereof on the indebtedneas secured hereby � � �
<br /> ' � or toward the reconatruction or repair of said buildin►gs and i.mprovements or � � �
<br /> . ....��: ;� release same to the Truator; Ie) to pay any lien, claim or charge againet the .
<br /> • . � . � F Property which might take precedence over the lien hereof; (f) to pay on .
<br />- � ,.. � - .. -- demand all legal expenses, title �eaxches, appraisal or attorneye' feee .
<br />- � � `;�:� ,:�.i. reasonably incurred or paid by Seneficiary to collect the Note or foreclose � �
<br />- �� �. ;:'::�,_ _ . or protect the lien of thia Deed of Truet� �g) that in the event Truetor , . .
<br /> r '� � shall fail to comply with the gral►iaians of ta) through tf) above,, tkte
<br /> ' - ' � ',-` F��€.�ci,�ry may expend such func3;r3z. �anri� �aJce euch action as is nec��,�,��, 1�:.: �a�s` -
<br /> . ��� 1��: : :.
<br /> y �� � . ,,�� � � �r,�� oa�.�h. ���.�r�e anc� all sums �a�,��di 1�:�• �41hi� �eneficiary pnreuant hernLci >viiitlh� + ,,���{.•,. ,:.
<br /> '�':i;�.,,�;'.ti�,;.:...�. �.antter'eeL .�1t �as:� �ral�e. herei�a�ter pirav.��+� r��iaSl. constitnte a lien upcn t���� *.f,'hS,?i� �
<br /> � 1��o�er�p;' �T�a�Z]t �l��a; 'secured by eM:B.� I7e�i��'�f�. T�-ue�.,, and shall be immediately �{+;�,�. , �
<br /> - �� due and repayab�ll� co the Beneficxary; (h) noti L-cs sell the Proper�y or any . �
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