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201304060
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201304060
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Last modified
8/19/2014 2:23:06 PM
Creation date
5/23/2013 9:00:13 AM
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DEEDS
Inst Number
201304060
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201304060 <br />Southeast Quarter of the Southeast Quarter (SE1 /4SEI /4); thence running S 01° <br />06' 52" W on the east line of said Southeast Quarter (SE1 /4), a distance of One <br />Thousand Three Hundred Twenty Eight and Ninety Three Hundredths (1328.93) <br />feet, to the point of beginning, <br />together with, all rents, easements, appurtenances, hereditaments, interests in adjoining roads, <br />streets and alleys, improvements and buildings of any kind situated thereon and all personal <br />property that may be or hereafter become an integral part of such buildings and improvements, <br />and all water rights. <br />The Property and the entire estate and interest conveyed to the Trustee are referred to <br />collectively as the "Trust Estate ". <br />THE TRUST ESTATE IS CONVEYED TO TRUSTEE FOR THE PURPOSE OF <br />SECURING: <br />a. Payment of indebtedness in the total principal amount of One million Seven Hundred <br />and Ten - Thousand and no /100ths Dollars ($1,710,00.00), with interest thereon, as evidenced by <br />that certain promissory note dated May 22 2013 (the "Note ") with a maturity date of <br />September 22, 2022 executed by Trustor, which has been delivered and is payable to the order of <br />Beneficiary, and which by this reference is hereby made a part hereof, and any and all <br />modifications, extensions and renewals thereof, and <br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest <br />thereon at the rate of ten percent (10 %) per annum, and <br />c. The performance of Trustor's covenants and agreements. <br />This Deed of Trust, the Note, and any other instrument given to evidence or further <br />secure the payment and performance of any obligation secured hereby are referred to collectively <br />as the "Loan Instruments ". <br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, <br />and the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as <br />provided in the Loan Instruments. <br />2. TAXES AND ASSESSMENTS. Trustor shall pay all taxes and special <br />assessments of every kind, now or hereafter levied against the trust estate or any part thereof as <br />follows: Trustor shall pay all real estate taxes before the same become delinquent. <br />
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