� ,
<br /> � ��14�4�94
<br /> �EED C�F T�U�T
<br /> Loan I�o: �7��597�� ���n�tinued} F�a � 7
<br /> 9
<br /> fim�ta-�ian the �omprehensiue En�ironmenta! Respons�, �omp�nsation, and LiabiE�ty Act of ��8�, as amended, 4�
<br /> U.S.C. Sec-tian 9�Q1, e-t seq. �t'�ER�LA"�, th� Sup�rfund Amendments and Reau�thoriza�ion Act af �98�, Pu�. L,
<br /> No, 99-439 �"SARA"},the Hazardous Ma�eria�s Transport�tion A�t�49 �.S,C. Section 7 8��, �t seq.,the Resource
<br /> Gonser�ation and Reco�ery Ac�, 4� U.S.C. Sec�ion �9�'C, e�s�q., or o�her app[icable s�a�e ❑r fed�ra� iaws, �u[es,
<br /> or regu[at�ons adop�ed pursuant ther�to,
<br /> E�en�of 1Defau�t. The w�rds "Event af Dafau��k" mean any af the even-�s of d�-�au�t set�or�h in this Deed of Trus�in
<br /> the e�ren�s o�defaul�section of this Deed o�Trust.
<br /> Exisfing Indebtedness. The v�ords "Existing �n�ebtedness'= mean the indeb�edness describ�d in the Existin L�ens
<br /> pra�ision of�his Deed of T�ust. g
<br /> Hazardous Substances. The wo�-ds "Hazardous Substances" mean ma�erials that, beeause of their quanti��
<br /> cancentra�ion or physicai, chemica� vr infectious characteris�i�s, may cause or pvse a present or patential ha�ard
<br /> to human hea�th or the environment when €mproperly usedr �rea�r�d stored dis osed v�
<br /> r . p , gene�at�d, manu�Factured,
<br /> transpor�ed or ❑-�herw�se handled. The words "Hazardou� Subs�ances" are used in their very broadest sense and
<br /> include withau-� �imitation any and all hazardous or �ax�c substances. ma�erials or vvaste as defined by �r 1➢s�ed
<br /> under the Envi�anmen�a[ Lav�s. The�e�-m "Hazardous 5ubs�ances" a�so ine�udes, uvi-�hou�limitation� petroleum and
<br /> petraleum by-praducts�r any frac�ion�hereof and asbes�os.
<br /> lmprovem�nfis. The v�rv��! "lmp�-ovemen�s" m�ans a[� exis�in� and fu�ure improv�men�s, buildin�s, s�ructur�s
<br /> .
<br /> mo �� homes af-�ixed on �he Real P��per�y, �aci[ities, addittons, rep�acements and ather construct�on on the Rea�
<br /> Praperty.
<br /> indebtednes-s, The vvord '�lndebtedness`` means �11 principal, interest, and o�her amoun�s, casts and expenses
<br /> payabie under �he Credit Agreement �r Re[ated Documents, tagether w�th a11 renewals o�, extensians o�,
<br /> modifica�ions o�, consolid��ions ❑�` and subs�itutions �or the Credi� A�reement or Relafi�d �]acumen�s a�nd any
<br /> amounts expended or advanced by Lender ta discharge Trustor's ab��ga��ons or expenses incurr�d by Tru�t�e or
<br /> Lender t� enforce Trus�or's o�Iigations under �nis D��d of Trust, togethe� vtirith interest an such am�un�ts as
<br /> pro��ded fn this Deed of Trust,
<br /> Lend'��. The word 'rLender" means Equitable �ank, i�s successflrs �nd ass�gns. The vtir��-ds "�uccessors ar
<br /> assigns°' mean any persc�n ar compan�that acquires any in�eres�in the Credit Agreement, �
<br /> Persona� Property. The wards "Pers�nal Praper�ty" mean al! equipment, fi�ctures, and other arti�les of personal
<br /> property nvw or he��aft�r owned by Trusiorr and noirv or her�after attached or a��#i�ed to the Rea[ Pr�per#y;
<br /> together wi�h a[� accessions, par�s, and additians to, a[f rep�acements of, and afi subs�itutions -For, any af such
<br /> property� and together with aC[ proceeds ��ncluding without ��mita�ian aI! insu�-ance pr�ce�eds and refunds of
<br /> prem�ums} from any sale a�-other dispositian of�he Proper�y.
<br /> Proper�y. The word "Propertyrx means co�l�cti�ely the Rea1 Property and the Pers�nal Property.
<br /> Real Property. The words "�eal Praperty" mean the real proper�y, �nterests and rights, as further descrihed in this
<br /> ��ed��Trus�t.
<br /> �etated Dvcume�ts. The words "Rela�ed DQcuments'� mea� al[ pramissory notes, credit agreerr-aents, laan
<br /> agreements, environmentaC agreemen�s� guarar��i�s, security agreementsr mvrt�ages, deeds a� firus�, security
<br /> de�ds, co�la�eral m�rtgages, and aI[ other Ens�rumen�s, agr�ements and documen�s, �►rhether nov�r or hereafte�
<br /> exist�ng, �xecuted in conn�cti�a�wi�h the lndebtedness.
<br /> Ren�s. The w�rd "F�ents" means a[! presen� and future ren�s, revenu�s, income. issues. �oya�ties. pr�fii�s. ar�d
<br /> other benefits deri�ed ��om the ProFer�y.
<br /> Trus�ee. The word "Trus�e�" means Equita�[� Bank �Grand ls�and R�gion}, whose address Es ��3-'l�5 N Locus�
<br /> St; PD Bax 'C�0, Gran d �s[an c i, i V E ��8�2-fl T 6�and any subs�itute or successor trustees.
<br /> Trustvr. The vvvr� "T�-us�or" a-neans Karen L R�inhardt and L7ou9[as A Coughtr-y Sr..
<br /> EACH `fI��1ST�R AGKNQIlITLEDGES FIAVI�G READ ALL �HE PRp�I�S�D�S �F THIS DEE�] �� TRL�ST, AMD 1E,A�H
<br /> TRUST'��A��EE��'� �T�TER�Il�.
<br /> �"�iUST'��:
<br /> � � �
<br /> Karen L R '�nhard� �
<br /> X
<br /> � �
<br /> Doug�a �oughtry Sr.
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