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201503756
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Last modified
11/5/2015 9:11:40 PM
Creation date
6/5/2015 4:34:18 PM
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DEEDS
Inst Number
201503756
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all other contingent rights in and to said premises; and <br />20150375; <br />All fixtures, improvements and buildings thereon, all of which shall be construed and considered as <br />affixed to and part of the real estate. <br />All of the foregoing estate, property and interest hereby conveyed to the said Trustee is hereinafter <br />collectively referred to as the "Property." <br />TO HAVE AND TO HOLD the same unto the said Trustee, Trustee's successors and <br />assigns forever, IN TRUST HOWEVER and WITH POWER OF SALE hereby expressly granted <br />unto the said Trustee, Trustee's successors, and assigns for the purpose of securing: <br />(a) The payment of Trustor's indebtedness to Beneficiary in the principal sum of Six <br />Hundred Eighty Thousand and No /100 Dollars ($680,000.00) for money borrowed, with interest <br />thereon, all as evidenced by and in strict accordance with the terms of that certain promissory note <br />hereinafter called the "Note ", bearing even date herewith made payable to the order of Beneficiary, <br />executed by Loren L. Greenwalt and Kristine K. Greenwalt, husband and wife, and providing for <br />the payment of said indebtedness in installments, subject to acceleration of maturity on default in <br />the payment of any installment of principal or interest or in the performance of any covenant, <br />agreement or warranty contained in this Deed of Trust; This Deed of Trust will be due May 1, 2030. <br />(b) The performance of each agreement, covenant and warranty of Trustor herein <br />contained or set forth in the Note or any agreement or instrument executed by Trustor in connection <br />with the indebtedness hereby secured; and <br />(c) The payment of any sum or sums of money with interest thereon which may be <br />hereafter paid or advanced under the terms of this Deed of Trust. <br />NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, <br />Trustor does for Trustor and for Trustor's heirs, representatives, successors and assigns, hereby <br />expressly covenant, agree and warrant to and with the Trustee and Beneficiary, and their successors <br />and assigns: <br />FIRST: That the Trustor hereby covenants and agrees, to the extent permitted by law, as <br />follows: (a) to pay promptly when due the principal and interest and other sums of money provided <br />for in the Note and in this Deed of Trust; (b) to promptly pay before delinquency all taxes, <br />assessments and other charges imposed by law upon the Property, the Trustor's interest therein, or <br />upon this Deed of Trust or the Note; (c) to keep the above - described Property and the <br />improvements thereon in good condition and repair and not to commit or suffer waste thereof, and <br />except as authorized in any schedule annexed hereto and forming a part hereof; (d) to maintain and <br />deliver to Beneficiary policies of insurance against such hazards on the buildings and improvements <br />now or hereafter located on or constituting a part of the Property as the Beneficiary shall require, in <br />such companies and amounts and with such loss payable clauses as shall be satisfactory to the <br />Beneficiary; that in the event of loss, Beneficiary is expressly authorized to settle or compromise <br />claims under said policies and the proceeds thereof shall be paid to the Beneficiary who may apply <br />the same or any part thereof on the indebtedness secured hereby or toward the reconstruction or <br />repair of said buildings and improvements or release same to the Trustor; (e) to pay any lien, claim <br />or charge against the Property which might take precedence over the lien hereof; (f) to pay on <br />demand all legal expenses, title searches, appraisal or attorneys' fees reasonably incurred or paid by <br />Beneficiary to collect the Note or foreclose or protect the lien of this Deed of Trust; (g) that in the <br />event Trustor shall fail to comply with the provisions of (a) through (f) above, the Beneficiary may <br />
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