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I Lim THIS DzZD OF TRUST, s 7��10■`t! >� - -1 -1111 i'30C M. wbsw smul t iii 'ems all jw Trusts% blind NgWN-t Fin.-M. NERRAS>� BY" OF TRUST :,•;.,$9 1051"1'7 (Willi Poway at 8WW) thb 25 4ay of Seatember , 19.E --, d Firs Ara t, �.��s A .j — - -- -'tM ttt� , as cQtru. n� ii.%Ir.�L 337 Webb Rnad as Bawfida►rt, �VY1'NL99BTH, Trwtws hwAy'. ocably, gnat, basin 11 sued coa 'air: Trtlatee Co m rritb► power of a> .,,tirG faolWmg described p Y 1i�t`; did tY +.'; : Lot, Seven' r`: S- *k, A lrnold Pace to then C►ty of O .;Lsland. Hall 1, apr Owns w belonging or in anywise appertammi sad the ranfa5 tartw and vow Waft �j�� hse'trdilemewta� -� This emMj,oi in in for the at the payment to 8M". fi tLat'- of Ttvetors' indebtedness eY ,y Wg Loaun pgrraataeit dated 1p.317T , pursuant w which am e4is ttw hsa been made in the mull, Of i' future eta . Wraw wish tltarge aeconh to the W"u of said Ravolving Loan Agressa ntn lind,ialw any end all indebtedness, sums. or any "m' and C1aar1M sow. or w aaseY Iwnalisr be or. ,=d B owing by Trustor to Bttndicnfi P . under said Revolving Loan Agreement filturs l,taq Agreemoxrt between Tevstes.,tnd llenefieiary up to a etas imam unpaid balance of =25.000, sad also payment of any soma sspaa or advanfed by 11stwfaary to protect the security hereof. Default is making any payment shall, at the BeneGciar�s option and dad without saotim or donned. rendar the *"tin unpaid balance secured hereunder at once due and payable. To protect the security of this Dead of Trust, Trwtor covenants and agrees: 1. To keep this property in good owdition and repair: to permit no waste thereof: to eompbte any building, structure or improvement being bulk or about to be built tlwom; to restore promptly any building. sttacturs or improvement thereon which may by damaged or dasttsyd; said to comply with all taws. ordinances, regulations, co�wtrrt IV. coandltibne sad r eetrictioeu affecting the property- . 2. To pay bsfosrt ddiagasat all lawful taxes and saesamente vlwzi '.tbe property: ter keep the property free mad Clear of *a.t ie�&er charges. Mesas or owssabrann impairing the security of this Deed of Trust, 3. To keep all buildup now or hereafter erected on the property dearibed 11trwin continuously insured Ophyit loss fdp Airs or othett� how& in an amount not ins than the total dent secured by this YAW of Trust. All policin shall be held by the 5+irtrWaryt and be in such --- - . u the Beneficiary may approve and have lass {sayable first to the filsneftiary as its interest may OiPpoor and than to the Teueter. The amount collected under any insurance policy may be applied upon any indebtedness herebY secured-• order as f�16 BewrWiary shall determine. such application by the Bor-Wkiary shall not cauaae diseontil,wnoe of any prnosedinge to foreck" this fiead o(Tru or curs or waive any dsfauk or notice of default or invalidate any act done rsuan�eucchlenotice. in the event of foreclosure, all rights of the Truator in ieasursraee peiieisa thew in ferns stall pass u tlu{ purchaser 4. To obtaten •dos wrings re"se"t of DOW Refery bshre offift, cidrerisg or otherwrise tramfarrinsg the property or any pl}WC thereof and say aneh aaW,.rrteswyaeaos or tramow withoui the Beneficiary's written consent 0=11 taynetitute a default under the terms heayiti'•. S. To dshan l say action or proceeding purporting to affect the "Cu" I `#Jmrqot am the rights or powers of Beneficiary or Trim". 5. Should Truster feral bx perry when due any cases, assaWments. inaumacw pre *ninc -ns. lieru, encumbrances or other charges against the p�/l wty hersinabom described, Baaefinary may pay the same., and Ow amount ao paid, with interest at the rate set !Myth in the note eetiarei hereby, ". be added to and baeome a part of the debt securr!ait fn this Deed of Trust as peTmitUd by taus. rr 15 MUIVALLY AGREED THAT 1. to the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire nitoppt: of the award 4r aweh portion thereat as may be necessary to tally vAtisfy the obligation secured hereby. shall be paid to, Himeic.IATN •143 be applied to rinks obligation 2. gy asoWiing psymuac of any sum a cured hereby after its due date. Beneficiary does not waive its eight to a'eoNi�.l?�apt payment w%M ties et'sll` totlwr mug} bi gestured or to declare default for failu"'LO eo Pay- 3. The Tra i ise chap rera:ryey all or any part of the property ct`vered by this Deed of Trust to the person entitled' ifibi+et:t, on written tReas of the Trudor and i1se Beneficiary. or upon satisfaction of the obligation secured and written muest for rwriveyance made by the now" or the _parema entitled thereto. 2143 EM (NE) J