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<br /> _, �. DEED OF TRU�T WiTH FIJTWiE ADYA�lCEB
<br /> TWB O�ED OF TiWBT.ls e��q d Mr,.1i�dMl►oL .-�°t'�1 r 10�+����Y
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<br /> .�;--, IrINE POIlirS !AA►!K. A �abraRica Cnr,�or�¢1on
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<br /> wfwM�g addnMt i� P O 8oz 1507 Grand Is�nd�,,,�.��2-1507 (hudn'TnwM�"!.�A
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<br /> "'' r ' NB 68802-1507
<br /> ;;�� � w����� P O Bo�c 1507 Gnnd Iela�, U�"�"1�
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<br /> i�jI`J �ES. Inc. �eln"eo►row�r".wh�lt�on�or moro)�nd dw trwt h�rMn cnat�d.
<br /> ��;�; � �.:;4 R��,,'.'" the�ecMPt ol whkh is h��by aaknowledped.T�,n«ne.�roY a.e�ocaay��M..a.�.ar., co�y+�a..uo�a T�a...n�
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<br /> TRUST.YNTH POYYER OF SALE.(a tM boneNt and sawrity af 4�ender.und�r�nd wb�����s�d����
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<br /> IoAh,tlw nd prop�ly,dMCribod as follows
<br /> ���._. 1�:,�:° ��,f..�.,:. LOti Ona (1) and 1t10 (1)• West$a�te Subdivis3�►, ��fty of Gr�nd Ialand. Ball C01patY�
<br /> � .��;., ,r•,.�.�f�1,.�R�;�, x N�bttYlti • .
<br /> '`w�, ,Y:!Sc',:�f�j, ��{c' ; ,
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<br />_ Topether with all buildin�s,improvemente.8xturea,streets,alleys,pesaepewaya,easements,riphte,privilepes and apPurte- _
<br /> ' •�{-'"-•- =•�-'��., nancM located th�reon or In anywise pQAainfnp thereto,and the�ents,issue9 and pro0ts,reverelond a�d remafnd�rs thsreof,and _
<br /> - •,�� wch penonal proporty that is attachad to the improvements so as ro con�@�tut�a ftxture,includinp,but aot Ck�ited to,headnp end -
<br /> � 1(ht:.t':..'_, e
<br /> � .;.,.�r,;:�.R, :�. coolinp equlpmenk and topether wlth the homeatead or marital interests.:.a�y,whlch intereata are hereby re�e8�ed and waived;all _.
<br /> ��. a„-,:;� „��,� 01 whkh,includlnp replacemente and addltlona Ihereto,ia hersby declgred to be a pa�t of tht��al esbte NCUrQd by qw IIM1 oHha __
<br /> �; � K''�; �� D��d oi Ttu�t and all of Mw forepoinp beln�re}orred to henia As th�''Prqperry". __
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<br /> �:; '' � • ��� This De�d of Trust shall secure(a)the payment ol the principal aum and interest evldenced by e prarnlasory noYe or cradlt
<br />-.=."t;:'�,. �.,•°:�;:r.•, � +r� April 1! 2003
<br /> �'• . '",;,.�'' a�rewnent dated Aoril 1, 1993 ,havinp e maturity date of . _,
<br />: i•>l;,'...`. • I. .
<br /> ����-;��'•��''" s �•� t in ths ori�fnol princlpal amount of$ 250•�00 00 ,and any end all modllicaUons,extenfions and ren�wals � � —
<br />,;;►••f,•�'�" ," „ thereof or thereto end any and AU luture advancea and readvances to Borrower(or any of them d more than one)hereunder _
<br /> ��;�-�•' " . • purauant to one or more promiesoiy notea or c�edit agreements(herein calted"Note");(b)the payment of other sums advanced by
<br /> ���'�}'��;.. Lender to protect the securiry of ifio Note;(c)the pertormance ol ell covenenta and epreements ot Truetor set forth herein;and(d)oll
<br />;�'!,,;;;'' : _ preaent end tuture Indebtedness and oblipaacns ot Borrower(or eny o1 them if more than one)to Lander whether dlrecf,indlrect, ,
<br /> ;� ' ` "+' ;�"'r � ebsolute or contlngent end whet�er arfsf np by note,yuaranty,overdrefl or otherwlse.The Note.thls Deed of Trust and eny a�d a0 �
<br /> :.�,�1�� � .. �. =
<br /> other dxuenta thet aecure the Note or otherwlse executed in connection tharewfth,includfnp wfthout Nmifatlon yua�nt�,sacurlty _
<br /> � �� .ti"'�. a�reomenta and assiynments of leaaes end rents,shaH be reterred to herein as the"Loan In�huments". _
<br /> `�,� ����• .:. � Trustor covenants end egreea wlth Lender as lollows: _
<br /> �s;,; 1. P�rm�nt of I�d�bt�dntu.All Indebtedness secured!:ereby ahell be pald when due.
<br /> �;.� .�•' ' � 2. Tltl�.Trustor fs the owner of the Pro e has the rl ht and euthon to conve the Property,and warranta that ihe Ifen
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<br />, j;,;,r,�,!1� � 1 ' c�eated hereby ia e tlrst and prlor 8en on the Property. except far liens and encumbrances set forth by Truator in wrftfnp and _
<br />-+ � '. + c� .i;r�'� �� ,�� tleBvered to Lender bebre executlon o(thls Deed ot Trust,and the executfon and dellvery o1 this Oeed of Trust doea�ot vlolete any _
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<br />� ., . �;?��. �. . �� cor�act or other oblipetlon to wn�cn Truator�s sub�ecc =
<br />�.`, ,;•,� j�+���:".;,�:��,,�.,�r `,.;,,��r 3. TaKn,A�Nwln�nb.To pay before delinquenCy ell taxes,9peGel as8essments antl all other ch�ryes eqaln9t the Properly =
<br /> i�'.i.,�•; :��.;;.�i,�t'`�is;r���'�'Y� ,;'.;_;',�� now��n unnc�'To keep the Property Insured agamst damage by lire,haaartls Included within the term"extended coverage",and �_
<br /> a.;�..,�'��"s '`���'��•il�� ` ; .`�,'�,f�';`, such other haz8rda as Lender may require.in amcu�ts and with companres a�ceptable to Lender,nam��g.Lender as an addlponal
<br />''"''•�''�� �'• •, " � ' '�'f��� nemed Insured,wlth loss a ab�e to the Lender In tase of losa under sucr ool�c�es.the Le�der ia au�honaetl 10 edjust,collect and
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<br /> •• n'.�'• `�'��";t�. ��. ' ' ompromise,ell clalms thereunder and shell have the opt�or.o�applying aG o�paA ot the�nsurance proceeds lil tc any��:�eGtedness �,,
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<br /> :;'�!��;•s S�` '?,; c�;c•'�!.r,�',!;;�,,t}\,:+�'{ aeCUred hereby end in such order as Lender may determine,(ii�to the Trustor to be used tor t:�e repair or reataratror,o41IRe Property _
<br /> h'';r{',••.��"1• � �;`� ar(iii)for eny other purposa or ob�eat satl�lacto to Lender w�R^QUt aMecuny the Ilen of this fleed oi 7rus4 toe the 1u0J a:�a::��t secured �
<br /> "�``'%..;('.��. . , � {��i'i;�:t't;i:`;:1�.':'':�• _
<br /> .;:�_.�.,�.•„ , ,. .. , r•.,, hereby before auch payment eve1400k place ny appllcaUon ol proceeds to Indebtvdneas�hall notau�end or postponQ the due
<br /> � �.,��•';'�, ., • . � �, ,''sy�, deta of any peymenb under the Note.or curQ pny deleult thereunder or hereurtder. '
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<br /> lw..-ic,��+, '��,,�,��u�,,11.,►�.;.� 5. Uerow.Upon wririen demand by LendaJ.Truator ahall pay to Lender.In such manner as Lender may desfpnate,SuHlclem ,
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<br /> ��-��� �� sume to eneoie Lenper tv paY as tney oecome due o�e or muro vi iiro�v��vi:��� :��)a.�...a�.ov:,���::s............,...-.-.....
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<br /> i` the Properly,(ii)the pr�miums on the property Insurence requlred hereundor,and(i�il Me premluma on any moAya9e�naurencQ
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<br /> � �.1 �. roqulred by Lendet.
<br />;��.; ' s--- --��=-= ��� 6. M�i.w�w�ai�.R�polra and Compllanct wlth Latn�.Trustor shall keep ths Property in paod conditlor A�A rwpalr;ahall �
<br /> ' prompdy repair,or replece eny Im{xovement whfch may be demeged or destroyed;ahall not commlt or permlt any waate a
<br /> ` �`t,� '. � • deterloraUon of the Property;ahell not remove,demollah or subatantfally alter any of the improvements on the Property:ahall rtot
<br />� 'ji � • . . r commlt suHer or permR eny act to be done fn or upon Ihe Properry in woletlon of eny law.ord�nance.or repuletion:and ahall pay and
<br />' f*i��•' � '•1'�.:::•�� •': �.. prompUy dl�charge et T�uator's cost and e�penae all Ilens,encumbrances and choryes levied.Imposed or asso=aed apa�nst the
<br /> ►� ;' ,,�� :. . � :r� ° P�operty or eny part thereot.
<br /> �.�., i,�� yq�_�� 7. Embwnl Dwnaln.Lender Is hereby aeslpned all compensation.awards,damapes and other payments o�refwf(nere�naMr
<br />• r�' ., . •i �,,.:: "Proceeds')in connnciion with cun�em��aoun u�uti�a�tuk�ny ui ti-�e Fr oportr or part thore..t,v:��r ca��vayares t���su:..�Ci:..�:a.^.'.
<br /> � „ . � � •, Uon.Lender ehell be entltled at Itt optlon to commence,appear In and prosecute fn ita own name any action or proceedinga,and
<br /> � � • , shell alw be entltled to make eny compromloe or setllement fn connecllon wfth suah takfnp or demape.In the event any portlon o1
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