|
�a
<br />L
<br />. 1
<br />ACKNOWLEDGEMENT OF DEED OF TRUST 105321
<br />Y#MTOR READ THIS BEFORE MNIkKi:
<br />Truebr uftdetaf rode t et the doowresn /that Tnislor is about to execute to a Deed of Trust and sells mtorigage and thatthe power
<br />of Wa ptav'.aaell Ear to ttw Deed of Trust provides substanttaly different rights and obligations to Truster than a ntorlgeEe In the event
<br />of a dsNull ter breech W obligation under the Deed of Trust including. but not limped to. the LumWe rght b the Property sold
<br />by the Trustee wlihout any judicial proceeding. Trustor represents an! Z1111111, t�itjRtta� was
<br />Tlrrr W bebre ft eracrttion of the Dead of True. /J /J�j�
<br />00
<br />(Nary K.
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />ftsb ltd)
<br />TM DEED OF TRUST, ls n weds a of the _2M_ day of__ __ _ AuQUaft ___... _ _.." 1991- by and among
<br />the Traitor. _ MVIlls o. 4ualsett and Mary K• 4ttaisott, liusbartd G Wires
<br />wihM tansWng address b 2309 fe_ XMILIM, No 68GG3 therein "Trustor:' wheedle( one or Inoft
<br />Ow Trusise. Sit �nkk r► t'n satitta inn
<br />wVtoes "Whip address is -2, lisaod Leand X "so — (h@rMn "Trual"I &W
<br />to "ne kiary *� vo in>L Banff ,
<br />whose milling address is . », n_ a= 1502 _GratatLLlaod. tee des _�_— (herein `Lends► "�
<br />FOR VALVAME CONMERAT1ON. Including Lender's extension of credit identified heroin to Orville O.- Quala t Arid
<br />Mary K. Qttalalstt, Husband 8 Wits (herein "Borrower, whether one or more) and the trust heroin created,
<br />Me rggipt of which is hereby acknowledged. Trustoir hereby Irrevocably grantee transfers, conveys and assigns to Trustee, IN
<br />TRUST. WITH POWER OF SALE, for the tire$( and security of Under, under AM subject to the terms and conditions haratnafar set
<br />lorlb, that too property. described as follows.
<br />Lot riftee(1 (15) in Block Two (2) in University Place, an AWition to the
<br />City of •"00 Island. Rail Oortntys ftbralsks
<br />ToQWW with ell buildings, improvement. fixtures, streets. alleys, passageways, easements, rights, privileges and appude-
<br />nances ka t d Hlitytion or in anywise pertaining thereto, and the rents, issuers and profits, reowalons and remainders thereof. and
<br />such psrwW property that M attached to that improvernonts so as to constitute a fixture, including, but not limited to, heating and
<br />cooling esqulprnsht acid loge3ThSr with the homestead of marital interests, it any. which interests are horetiy released and waived: all
<br />of which. InWudinngg replacements and additions thereto. is hereby declared to be: o part of the renal softie secured by the lion of this
<br />Deed of Tnw and,all of the **Ong boing relerred to herein as the "Propsfty ".
<br />This Dosed 41 Trust "I secure (a) die payment of the principal sum and interest evidenced by a promissory noes or credit
<br />afire a rent edaM Atarttist 28. 1990 , having a maturity date of hbruary 24. 1991 _ .
<br />in the original prRicipal rmount o(: 50.000_00 and any and all modifications. extensions and renewals
<br />thereof or theniiiD and any and all tWuro advances and readvances to Borrower (or any of (darn if more than one) hwounder
<br />putm ant to one or more prarMmiry Noses or credit agreements (hereon called "Nate'), (b) the payment of other sums advanced by
<br />Lender to protect the security of the Note. (c) the performance of all covenants and agreements of Truslor set forth herein; and (d) all
<br />present and future Indobtsdrion and obligations of Borrower tot any of them it more than one) to Lender whether direct indirect,
<br />absolute or contingent and whether onsttng by note, guaranty, overdraft or otherwise The Note. this Dieted of Trust and any and all
<br />other docuatntlIthat secure the Note of oUmowtse exoculed in connection therewith, including without Iirmtstlon guaranlQ-%i► security
<br />aBtet � to and nd aassignmenttig Wean and rwift,
<br />as follows
<br />Il referred to herein as Me 1 clan Inatrutnents'.
<br />1, fpayrrterlt of MbsrMd o ws. All lndabfadness sece.red hereby shall be pad when des
<br />2. TMs..Trltator is the owner of tiles Property, has the right and aut"I'M+ l'd convey the Prupotty, w'u warrants tat the lien
<br />created hereby is a first and prior Ian on the Property, oxcept'kv -ions and encumbnanvAs set forth by Tftirstor• in writing and
<br />delivered to Lorder bebrs execution of this Deed of Trust and Mir wmirciAon aria dovery of Ihrs Deed of Trust doses nest v4 aw an;
<br />corlir et or ether obligation to which Truslor is sublosct
<br />J. .fir _wi'r. .v jr�; am""...�. vv......* ........w +.M�..+• .. ......�,... .....�. .�.yM ��.. ... ..,�.,..�
<br />now or hereafter lWfad.
<br />4, Ittattrn aa► To keep the Property insured agalnetdsmuVe by Prv, hatatds included within the term ,vatenriod coversoge' odui
<br />such other haaarde as Lender may toWi +s, in amounts, and with c;.11- -ipanees acceptable to Lander naming Leander as an additional
<br />named insured, with loss payable to fete Lender In cause cat Im u ,row such pci)ic.os. the Linder of autho►rred b adturt colloct and
<br />coupon es. all claims thereunde; and shall harvo the. option of applying allot part of thv insuinni-e ynxatds u► to arty indebteelness
<br />secured hereby and in such order as Londsir may determine. lot) to Me Truster to be used for the repair or roMfolwn of the Property
<br />or (Doi) for any odd purpose or object setielaclory W Lender without alfecting the seen of this Dead of Trust for nee full amount secured
<br />hereby belon, such payment over look place Any application of proceeds to ondabredness shat) not extend of postpone rho des
<br />dales of any payments under the Nor, or cute any default thereunder or hereunder
<br />5. borew. Upon wripen demand by Lender, Ttuslor Shall pay to Lender, in such mannet as Ladder may designale, sufficient
<br />aunts b enable Londar to pay as they become des one or mare of the following (i) all axes, assesamlenta and other chargn against
<br />Me Property. (4) the premwme on seta property insurance required hereunder. and toil the premiums on any mioflgage insurance
<br />required by Lender_
<br />b. ftlaiaftlawo S. Nepalfa said Complamm wilt Laws. Trustof shah keep the Property !n goon condition arid repair, shall
<br />prompMy repair. or replace any Nnprovamsnt which may be damaged or destroyed. shall " comr•ut oe permit any roasts or
<br />dslsrioration of rte Property. shall not remove, demiolish of substantially allot any of trio impiovo nvnts on rile Peolpetty, shah not
<br />eoeimit, auNer or permit any sect to be done in or upon the Property in violation of any law, ordinance. of regulation. and shalt pay ,arid
<br />promptly discharge at Teuatdr's COS( and expertas all Ions, wicuffibr&nces afrd charges levied. irrlyused of astiesaed against the
<br />Property or any part thereof
<br />T. Eade to ComabL Lender is hwe t y assigned all compensation. &»aids. damages and other payments to ere %ref thitrwnatlot
<br />" Ptoeeeeds' 1 in confection with condemnation is other taking of the Property or part thweol. of for Lon.eyanco in ieeyi of ,.�o ndwrwia-
<br />to o Lender rinse) be entitled at its option to commence. appear in and prosecute in ,ts uwn narnv an f ac t,w, i , G +cx w+d ri{i!. avid
<br />shah also be arit pops to make any conworr ise or senlemen) to connection with such taking v, damage lei (tie eveeii Any portion of
<br />"K" 61 wri.wrwrwwiu..to a
<br />O IManrvwiwN .+.tCv.wwrvr Irmo .eiw saw" e1M.a+..w caw ft row"&
<br />1
<br />��'- ,,.,. • - . _ :_._•_.,.• � rig' i�
<br />
|