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,..._�_ � ' ' I ' ` .. ` 4 � <br /> � yu1541 . <br /> . , , � � .� ,, � � <br /> � - . ��0 VB A1�ID• HO tbe sa�e uato the said Tru�tee his sti�c�ess ro i'�32�2 _ <br /> , HA Za ID , nd asa�gns, <br /> � forever, ZI�I TRIIST HdiTRVBR, and WI� PBWPR OF SALE f+�erebp escpreaaly granted uato the eafd � <br /> �uatet, h1s succeasors, and asaigna for the purpose.of securi'ng: , � <br /> � (�) �- The ��at of �vaLor'a juai indebtedneas to B�aeficiarg ta ttt� priati�atl..aun ` � - <br /> ` a►f Four gaadred Tlioueaad and QQ/IOQ-- DoLlars t�400 0�0.00) for aoa�ey bo=roxed, vith <br /> � interea� L reoi►, all as evidtnCed y aad in atrict acaor ace �rith �te ter� of that <br /> certain.praaissory nate, he�eimafter called ttae "Note°, bearing evea date hrrerith dade <br /> ��able to the order of Deaafieiar�, c�cecuted b� Donna Sahling and Neal Todd Sah2ing, � ' <br /> � . alk/a Neal T. Sah2ing . , ,� <br /> � , proiid� for the paneat �of raid de te ss ia !as ta, the last of. Mhich is <br /> due and �payab].e J�, 2005, aubject to acceleration of �turity.on �default in the � � <br /> � pa��eat pf aay iast.�al �esat of principal or iaterest or in the per�otsaace of aay' <br /> . ca�enaat, agreeaeat or �rranty contained in the Deed of Trust; � � <br /> ib� Thae perfor�eace of each agreeaent, cnvenant. and �rarrantp of Trustor hereia . <br /> contained or sat forth in tbe Note or aay agree�eat or . iastruteat ezecuted by. , , <br /> 1t+nstar in ce�naect3oa �rith the indebtedaeas herebg secured; aad <br /> • (�) T6e papieat of aap su� or euas of aoney �th iate'rest tflereon which a�y be � , � <br /> � hereafter paid or advanced uader, the ter�s of this Deed of 1'ruat. � <br /> � HOfi, T�REFORE, Z�0 PRBTFCT TF� SECURITY OF 1�iIS DESD OR TRUST, Truator does for bi�self <br /> &nd for Trustor's heirs, represr�tatives, veadeea, successore and as�igna, the o�raera of <br /> said Property, hereby ezpresslg coveaant. agree and warrant ta and 'Ktth ttee Trustee and , <br /> - - - �[�€tcia�, aad tf�eir aucceaaors, r�AdeES and asaigcce: - - -- -- <br /> , . �IRST: That .the Truetor herebp covenants and agrees, to the e�tent persitted by <br /> isN, ae follovsi (a) to paq pro�ptly vhen due the principal and intereats and c�.ther au�s � <br /> of �oaey provided for ie the Note aad ia thie Deed of Truet; (b) to proaptly ��p before � <br /> delinquaacp aIl tsaes, aeaess�ent8 aud other ctiarg� iapoaed by laW, upon the ProperLy, � <br /> tbe Trusxor'e f��erest thereia, or upoa this De�:� of Tsuet or the Note; provi8ed, � - <br /> hoirever, that in the eveat of aay change of the 1aW providling for the tazatioa of deeda , <br /> of trust �vr debta ttvereby eecured so as eca affect thie Deed o� Truat, the eatire <br /> indebtedn�eas eecured hereby ehall at the aption of the Beaeficiary becoae due and � <br /> psysble; (c) to iceep the ebove-described Property and the isprove�ec�t� thereoa in ga�ad •� <br /> conditiaa arid repair aad nvt to caaatt o� suffer �saete thereof, and e:�ept ae authori�ed =� <br /> in �ay echedule annesed hereta a� foraiiag a part tureof, u�ther to resove +�vr perslt �= <br /> the re�oval of eay ti�bet, Lwildiz�ga, oil. gae, sinerale, s�ayse, rock, ciay, fertilizer, �== <br /> gravel or top soil xithout the prior writ�en coneea� of Beaeficiarq; (d) t0 IDA�A��A aad ��` ''�` <br /> deliver to Benefi�ary policies of ineurance agaSasW such ha�arda oa the buildings �d <br /> �, isprovesenta no�r ar hereafter ].ocated on or coastituting a gart of the Property aa Lhe <br /> Beaeficiary ataa�.l require, in auch campaniee and amouats and with auch loss payabie <br /> c]auaes �s eha1B. �e 8atiefactory to the Beaeficiaryz �trat ia ttje event •of loas, � <br /> ' Beaeficiary ie e�esalq 8uthoriaed to sett.ie or carpros.ise c�ei4s aurcder eaid policiee ' ' <br /> a�d the proceeds �'heseof aha21 be paid to the &neficlarg vha �aq apply Lhe s�e or aay �� <br /> part Lhereof on the indebtednesa ee�ured herebq or to�rard t�e �rtconatructioa or reDair <br /> , of eaid buildinge and iaprov�aeats or releaee ease to the Tsetator; (e) Tp pay aoy liea, � '� <br /> ' clais or cherg� agalaet the P�operty �hich might take precedence over the liea hereof; ' <br /> (f) to pay an de�and all legal e�ryenses, title searches, appraisal or attorneye' feee <br /> reasonably incurred or paid by Beneficiary to coliect the Note or forecloae or prottct <br /> the Iien of Che Dted of Trust; (g) 2?�t in the event Tnzetor ehaYl fsil to caaply with <br /> the provisfons of ta) through (f) above, tlke Uerte�iciary say e�cpend auch �unde and take <br /> � � euch actioa�ae ie nece�eary to re�edy -such--fa!lure-aad -all�suse- aid� b the- Beneficiar � - ��- - <br /> Y_ Y. _. <br /> -- -- --�-------- <br /> r�ursuent hereto s�th interest at t�e rate hexei�tafte�r psavided ehal2 constitute $ lte�a <br /> �po� the Propertq, ehell be secured by this 11eed of Truet, aad ahall be iimediately due <br /> aad repaqable to the Beneficiary; fh? not to sell the pra�erty or any portion thereof; <br /> or, if the Truator !s e corporatlon, nat sore thaa Ox of its corporate atock ehall be � <br /> sold, traded, or diepoaed of to persona other than�the preaent os�nere of euch etock <br /> prior to the tite the indcbtednesa secured hereby stall have been reduced (eaclusive of <br /> prepay�enta other than as provided in the saYd ha�e) to s-(3-; and in the event of any <br /> � eale hereia prohiblted, then the entire ic�"�btednese eecured by the Deed of Trust ehall, <br /> st the optian of the eenegiciary becape due +�ad papab2e; (i) that if the Property or any '� --` <br /> yxrt or parcel thereof ehe11 be taken or damaged u�der the powPr vf e�inent damain, the <br /> a�ard for anp Praperty sa taken or daaaged (laciv,di�g severaace damagea to the rena#ning <br /> ��is�s? s�I�. 3te g� L� the B�aeflc,fsr,� �a� a�g�ir.� irs �!� or iu ��� a� �h� a��ian � � <br /> uf the Bene�iciery in ,reduction of the indebtedae�s rereby secured,; (j) that the . <br /> Beaeficf�ry ehall have the rtght to inapect the Property et euch reasonable times as " ��� <br /> � , the Benefieiarp may e�esire ta deterafne Truetor'� campliance with the covenants � <br /> contaiaed in thl� ileed of Ttuat; (k) C�iiat the Beneficiary �ny release from the lien <br /> heteo£ any part or parcel of the property �ithaut requtring ��y cvnaideratfon there€or, �' <br /> �and (1) that Trustor ts lnvfull seized of �raid �� <br /> q pre�i�ea and Property fn fee simpl�. t4 <br />, - that tt,a same are free f�om all lien� and eac�mbrar�ces eaeept as may uther�rise be ��� <br /> apectficolly no�ed herein or. aslved !n Hriting by the Beneffctarq; that Trrsstor wilt ;, 'fi- <br /> execute n� procare any further ne�eQSary aesurauces of title Hnd dvcb her�by wurrant <br /> generctlty the tiGl.e to st�ld Pr�,perty and �t12 forever�d�end the sr�r�e against rhe clriims <br /> � , <br /> � � <br />: . P�f�e 'f9�ree .��� � � � <br /> ' " ' ilnit#als:) iJ.T.S. #�.5.� <br /> � ' <br />