|
��15�1415
<br /> L��ED ��` T���T
<br /> �C�r1�:���u��} Pag� '�
<br /> ❑EFINITIQNS. The for�o�niing words shall have#he f�llowing meanings when used in this aeed o�F Trusfi: °
<br /> Beneficiary. The wQrd"B�eneficiary"rneans First Na��onal �ank af�rnaha,an�its successors and ass�gns.
<br /> Borrawer. The ward "Borro�we�" m�ans Ma�in Arefl�no and Margarita Arellar�o and inc�udes all c�-sign�rs ar�d
<br /> �o-rr�akers�ignin�the Not�and ali their successvrs and assigns.
<br /> ❑e�d o�Trust. The words "�eed of Trust" mean this C�eed af T�-�s� among Trustor, Lender, and Trustee, and
<br /> includes without limita�ion al� assignrr3ent and security infierest pro�isians relating tn the Persanal Property and
<br /> Rents.
<br /> Envirvnmental Laws, The wards "'En�irQnmen�al Laws" mean any and all stat�, federal a�d lvcal sfiatutes,
<br /> reg�latiar�s and ordinances relating �o the p�rotection af human health or th� en�ir�nmen�, incfuding wifhout
<br /> l�mitation #he�or�nprehensive En�ironmental Resp�n�e, Campensation, and Liabi�i�y Act ot '198�, as amended,4�
<br /> U.S.C. 5ectian �3�01, et seq. (°'CERC#�A"}; the SuperFund Arnendmen�s and Reauthorization A�t af '[386, Pub. L.
<br /> No. 99-499 t"SAF�i�I"},�he Hazardous �1,'ia�eria�s Transpartati�n Act,49 U.S.C.Secti�n 18�1, ef seq.,the Resaurce
<br /> Conserva�ion and Reca�ery A�t, 4� U.S.C. S�cfi�n 69�1, e�seq., o�-oth�r�ppficable s�ate ar fede�al laws, rules,
<br /> or regulations adopted purs�ran#thereta.
<br /> E��nt ot Default. The w�rds"E�ent�f Defaul#"mea�any of the e�ent�of default set farth in�his ❑eed of Trus�in
<br /> fihe e�ents of defauit sec�ion of this Deed of Trust.
<br /> Exist'rng lndebt�dness. Th�v►iords "Exis�ing lndebtednes�" mean �he indebtednes�describer� in�he Exis�ing Liens.
<br /> pro�ision vf thi� Deed of Trust.
<br /> Guaran#y. The word '"Guaranty"means the guaranty�rom�guaran�or, endorser, sur�ty, or ac�vmmadatian party ta
<br /> Lender,in�l��ding withvut limitation a guaranty ot all�o�part of#he Note.
<br /> Haz�rdous Substan�es. The words '"Hazardous Substances" mean rnaterials tha�, because of �heir quantity,
<br /> concentrati�n ar ph�sical, chemical or infeefious charac�eristics, may �ause or pose a present or p�vtentiaf hazard
<br /> to hurnan health vr�he en�ironment�vh�n irr�properly used, treated, stored, disposed of,generated, manufactured,
<br /> transparted ❑r othenrvise handled. The wvrds "Hazardaus 5ubs�ances" are used in fheir very broad�st s�nse and
<br /> include vvi�hc�ut limitation any and afl ha7ardous or fox�c subst�nces, mater�als or waste as clefned by or listed
<br /> under the En�ironmental Laws. The term "Ha�ardous�ubstances"a[sa includes,wi�hout limitation, petrflleum and
<br /> petroleum by-prvd�cts❑r any fraction thereaf and asbestos.
<br /> lmprav�ments. The word "Impro�emen�s" means al! e�isting and future impro�ements, buildings, struc�ures,.
<br /> mobiie hames afi�ixed �n �he Real Pr�per�y�, faci[ities, addit�ons, replacemen�� and ather cans#ruction on the Rea1
<br /> Pr�perty.
<br /> �nde�tedness. The word "Indebtedness"` means al1 princ�pal, interest, anc# vther arnounfs, cost� and expenses
<br /> - �ayab�e und�r the Note or F�elated Docume��s, together with a[I r�newals of, ex�e�sions af, modifications vf,
<br /> cvnsolidations af and substitutians�or th� Note or Reiaf�d ao�uments and any amnunts expended vr ad�anced by
<br /> Lende� to discharg� Trustor's vbligat�ans vr expen�es incurred by Truste� or Lender f� enforee Trustor's
<br /> obligations under this �eed of Trust,together with inter�s�on such amounts as pra�ided in fhis Q�ed nf Trus�.
<br /> Lender. The ward "Lende�" means First IVationa� Bank of �maha, its �uccessors and a�s�gns: The words
<br /> "successars vr assigr�s"m�an any persvn❑r company t��t acquires any in�erest in the Nv�e,
<br /> No�e. The word '"Na�e" means the prvmissory no�e dated February '�7, �Q'1�, in �he origina� principal
<br /> amnunt �f$��,�70.�7 fr�m Trus�vr to Lender,�og�ther wifh aIl rene�vals of, ext�r�sions af, �nodifi�ati�ns of9
<br /> refEnancings of, consolidations a�F, and substitu��nns far the promissory nate vr agreement. The maturity dafe o�
<br /> this Deed of Trust is F�bruary�5���025.
<br /> Person�l Praperty. The rrvords "Persanal Proper�y" mean al! equEpmen�, fx#ures, and ather arkicles v� personal
<br /> prope�ty now or h�r�af#e� owned by Trustor, and narn� ar hereafter at�ached or affixed �a the Real Praperty;
<br /> �together with a�l acc�ssions, parts, and additions tv, all replac�ments af, and ail substitutions far, any of such
<br /> prvper�y; and �oge�her with all proce�ds �includ�ng without limitation a�l insu�ance prfl�eeds and refund� of
<br /> premiums}from any sale�r o�her d�sp�sition of the Prvperty:
<br /> Prap�rt�. The w�rd"P�vpe�ty"means cvllectiu�ly�he R�al Property and�he P�rsanai Propert�y.
<br /> Real Praperty. The words"Reaf P�-operty"mean the rea[ property, interes�s and righ��, as fur���r described in fhis
<br /> r7eed o�'T�us�.
<br /> Related �ocuments. The wards "Related Dacum�n�s" mean al1 pro�issor� note�, credit agreements, laan
<br /> agreer-nents, en�ironmental agr��ments, guaranties, se�urity agreemen�s, mortgag�s, deeds o� tr�st, seeurity
<br /> deeds, collater�l mflrtgages, and all vther instruments, agreements and do�umen#s, whether now or herea�ter
<br /> existing,exec�ated in conr�ection with tl�e Indebtedness.
<br /> Rents. The wv�d "Rents" means all presenf and futur� rents, re�enues, in�omey 1S5UL'S, royalties, prvfits; an�
<br /> other bene�its deriUed fram the Pro�erty.
<br /> Trus�ee. The word "Trustee'' rr�eans Firs� Na�ional Bank v��maha, viihose address is 162� D�dge Street 5top
<br /> �vd�32��, �maha, NC �8'�97 and any subs�itute vr success�r trusfees.
<br /> Trustar. `�he ward"Tru�tor"means Martin Are�lan�a ar�d Margarita Are[lanv.
<br /> EAC� TRUSTDR ACI�CNQ1�fLED�E� H�4VlNG RE�4� ALL THE P�tQVf�[DNS �F TH�S DEE� �F TRUST, AND EI�CH
<br /> TRUSTC�R I�CREE�T�I`T5 TERMS.
<br /> TRUSTDR:
<br /> �
<br /> . ., :�:•y
<br /> �, y� ,.�a:; '�•-.
<br /> ,�''�, a �'� ,,,�.��,,.� � ".� �7.'•'. "'__
<br /> �� -
<br /> Mar�in Arellano
<br /> � �
<br /> �. , a
<br /> �� .. � �'i
<br /> � ���� �=�� -•-,-�,� Y.. �- �
<br /> �argarita�r ano
<br />
|