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202503456
<br />TO HAVE AND TO HOLD the same unto the said Trustee, Trustee's successors and assigns,
<br />forever, IN TRUST HOWEVER and WITH POWER OF SALE hereby expressly granted unto the said
<br />Trustee, Trustee's successors, and assigns for the purpose of securing:
<br />(a) The payment of Trustor's just indebtedness to Beneficiary in the principal sum of One
<br />Hundred Eighty Thousand Dollars ($180,000.00) for money borrowed, with interest thereon, all as
<br />evidenced by and in strict accordance with the terms of that certain promissory note, hereinafter called the
<br />"Note", bearing even date herewith made payable to the order of Beneficiary, executed by Andrew P.
<br />Carmin, a single person, and Kristi M. Rollen, a single person, and providing for the payment of said
<br />indebtedness in installments, subject to acceleration of maturity on default in the payment of any installment
<br />of principal or interest or in the performance of any covenant, agreement or warranty contained in this Deed
<br />of Trust;
<br />(b) The performance of each agreement, covenant and warranty of Trustor herein contained or
<br />set forth in the Note or any agreement or instrument executed by Trustor in connection with the indebtedness
<br />hereby secured; and
<br />(c) The payment of any sum or sums of money with interest thereon which may be hereafter paid
<br />or advanced under the terms of the Deed of Trust.
<br />NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, Trustor does
<br />for Trustor and for Trustor's heirs, representatives, vendees, successors and assigns, the owners of said
<br />Property, hereby expressly covenant, agree and warrant to and with the Trustee and Beneficiary, and their
<br />successors, vendees and assigns:
<br />FIRST: That the Trustor hereby covenants and agrees, to the extent permitted by law, as follows:
<br />(a) to pay promptly when due the principal and interest and other sums of money provided for in the Note
<br />and in this Deed of Trust; (b) to promptly pay before delinquency all taxes, assessments and other charges
<br />imposed by law upon the Property, the Trustor's interest therein, or upon this Deed of Trust or the Note; (c)
<br />to keep the above -described Property and the improvements thereon in good condition and repair and not
<br />to commit or suffer waste thereof, and except as authorized in any schedule annexed hereto and forming a
<br />part hereof, (d) to maintain and deliver to Beneficiary policies of insurance against such hazards on the
<br />buildings and improvements now or hereafter located on or constituting a part of the Property as the
<br />Beneficiary shall require in such companies and amounts and with such loss payable clauses as shall be
<br />satisfactory to the Beneficiary; that in the event of loss, Beneficiary is expressly authorized to settle or
<br />compromise claims under said policies and the proceeds thereof shall be paid to the Beneficiary who may
<br />apply the same or any part thereof on the indebtedness secured hereby or toward the reconstruction or repair
<br />of said buildings and improvements or release same to the Trustor; (e) to pay any lien, claim or charge
<br />against the Property which might take precedence over the lien hereof; (f) to pay on demand all legal
<br />expenses, title searches, appraisal or attorneys' fees reasonably incurred or paid by Beneficiary to collect the
<br />Note or foreclose or protect the lien of this Deed of Trust; (g) that in the event Trustor shall fail to comply
<br />with the provisions of (a) through (f) above, the Beneficiary may expend such funds and take such action
<br />as is necessary to remedy such failure and all sums paid by the Beneficiary pursuant hereto with interest at
<br />the rate hereinafter provided shall constitute a lien upon the Property, shall be secured by this Deed of Trust,
<br />and shall be immediately due and repayable to the Beneficiary; (h) not to sell the Property or any portion
<br />thereof without the approval of the Beneficiary in writing; and in the event of any sale herein prohibited,
<br />then the entire indebtedness secured by this Deed of Trust shall, at the option of the Beneficiary, become
<br />due and payable; (I) that if the Property or any part or parcel thereof shall be taken or damaged under the
<br />power of eminent domain, the award for any Property so taken or damaged (including severance damages
<br />to the remaining premises) shall be paid to the Beneficiary and applied in full or in part at the option of the
<br />Beneficiary in reduction of the indebtedness hereby secured; (j) that the Beneficiary shall have the right to
<br />inspect the Property at such reasonable times as the Beneficiary may desire to determine Trustor's
<br />compliance with the covenants contained in this Deed of Trust; (k) that the Beneficiary may release from
<br />the lien hereof any part or parcel of the Property without requiring any consideration therefor, and (1) that
<br />Trustor is lawfully seized of said premises and Property in fee simple, that the same are free from all liens
<br />and encumbrances except as may otherwise be specifically noted herein or waived in writing by the
<br />Beneficiary; that Trustor will execute or procure any further necessary assurances of title and does hereby
<br />warrant generally the title to said Property and will forever defend the same against the claims and demands
<br />of all persons whomsoever, and that Trustor's separate estate, whether vested, contingent or in expectancy,
<br />is hereby conveyed and Trustor does hereby expressly waive, release all rights and benefits of any
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