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<br /> - - �+nd C�t�y 13e L. Croxax �u ba� d en�! �t�t� ae a ne ee ence an�l c}ut Cnn�nte ��comnon� �
<br /> _— ------ ►�l►�s t�r.l.�:n�rddro!s!� �iQt1 �.t�cha�evi�ll�b��Wna�Kivar�_Nl�t�A��3 y�._..�.
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<br /> - - 60R VAl!lA9i�CONSlO€RATi4t1,lncledlt�IAo tndsbfedne�f�lanfHled M►itn�xed th�fiuSt Mrein ueatrri.the raclfpt ot wAkh IS herrAY
<br /> — - -- s �ct��d.Yrusvar b�►�r��t+�rc�at��t��f��canvmy�,artQ assipn�to Tnnta, !N�AUST,WiTN PBYY�Oi SAi6,fm th�b�lif and
<br /> �a�' t�cu�Uy ot I�+wfktac�r,wide and su5f ecf to tM t�n and con�litiom of tM�tloe�t o!�Prost,thr rQai p�op�fy tNscrib�d aa folbwt�
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<br /> , A truct of land in thn Southaoet Qunrter (8T31/4) a� 3ootion Twonty-8ovon (27). TaWnahip �
<br /> - - Ton (lA) N�reh. Ran�e �levc+n (11� WeaC of the 6th P.�1.. Hnll Cati��xy. N�hxa�ku ma�re paxt��nlni;
<br /> ��,.`�� doacr�.bod ae fallawao CommoncinA nt � point ninoty�ehroo and ano hu1P (931/x) rodn no�r�h
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<br /> � , �_ of thn eaueheaet coxnor of Soction Numbor Twonty-ec+vo►� (27)r Townehip Numbor Tan (IU)
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<br /> North of Ronga N�unbor Slovon (11), Woot o� !ha bth P.M.• thance running No�rth al�ng the
<br /> .. ;;:,.,�:•}�, Eost lino of euid 9on��on Twanty-aovan (27) Ono Hundrod Sovonty-Twa oud Ono Hnlf —
<br /> , '`- s '',,� � (172 1/2) faee• thenao running eouth 83 dogroos 10' Woet� �t+to Hundrud I�itty-twa (lSt) ��� -��Y�-��`-��y-
<br /> l `� � , fnot� tRonao runninB South Ono Hundrad Sovanty-two and �na Half (172 �) fc+nt. thonce
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<br /> � - � runninII NorCh 83 dagzues 10' Eaer (°�A. il degreos 4S� �) Two Hundrad Fifty–two (252)
<br /> ' ".�"�.''` '' �•..;' fout to the place of be�i�nin�. --- ------
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<br /> , ?OOETHER WITN,oll rant�, proflts,royaltios,income and othor benoflts derlved fram tho reul propertyr oll leasea or subleases covering tha �•: �e�
<br /> ' raai o ort or ony po►tion'thoreot,now or horoahor oxisting or ontored into, and ail ripht,titie and(ntereat ot Trustor iheroundor, all in• ��°'�-�–=
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<br /> . tere�ts, estate or other claims,hoth In law and in equHy,whlch T�ustor now has or may hereatte�acquire in tho repl propertyo ali eosannenll, ''��,�r^;�
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<br /> - �— �� '�' rlghts�!-xraY. tsnements.hQt4dlt4rtl4tlf4�O�tteR4t�Q�tlte�eo}4t4d lA4�4to: �!I ell 9nd gns rlghts nnd grotHs. water righ�s and woter �, ._„�._...+ �-
<br /> stpck�all right,title•�nd interest oi Trustor,ouw owned or horeotter acQuired,in and to any land lying within tho right•o}•wcy o}ony�traet or •f ;,:. r '
<br /> highway ad�oining the rea)pr�perfy,any and all bufidinps, NKtu�es, improvoments, and�ppunanancos now or horoaiter erettod thereon or ='`� , `
<br /> • �.,:_.
<br /> _ �_—__ 6dloncinp thereto,fherein roi�rrod to os"ImprovamonY'ot"Improvementt"1,and any and all awords made for the taking by em(nent domain ____ � ��, ��
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<br /> - or by arty protoeding or parehase Irt Ilou thoreo},of the r�hole or any part of tha reol propertp.
<br /> �• All of iho foragoing ostato,property ond intorost horohy convoyod to Trustoo haroin coil�ctivoly roforrod to as the'Property". `''�'�'�
<br /> �:1' , TNIS DEED OF TRUST SHAII SECURE� �
<br />:� (a)Tho payment of Indobtednesa evidenced by Trustor's note ot even date herewith in tha principai sum of...._,� .._ __�._..� ...._. .. -... � ' ` �-
<br /> � Fif[oon Thousund Four Hundred Fort sevun nnd _7�/100--.__-----`_Oollars (s 1� 5�447 76 ___ �, �� =-
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<br /> togofhor with Inroroit at tho rato or rotos providod thoroln, (horoin,togothor with am/and all renewals,modificmlon�,and extensions thereof, �
<br /> rofarrod to as tho "Noto"1 both principal and Imorost on tho Noto boing payablo in accordance with the terms�et torth thereln,relerenco to , " -
<br /> • • r�hfch is horeby mado,tho tinal puymvnt of p►Inc{pai and intorest, ii not sooner poid and if no renpwnl�,modiflcation�or extensfon�►are mado. , '
<br /> • duo onQ payable on_. __. __ Juno.. 1� 1998 .
<br /> (b)The performanco of each agreemont and covenant o}Trustor herein contained,ond
<br /> � (e)Tho paymont of any tium or sums of money with interest thereon whfch may be hereaitar paid or advanced under+he terms of this Oeed of •
<br /> Trust.
<br /> (d)1he p�ymont of any tuture advancps nece�say to protect tha sowrity or�ny future advance mode at the option o}the parHes:and _
<br /> � ' (e)The pe�formpnce of an obHpptlon of any other person named in this Trust Deed to o bene}itiary. (
<br /> ' TQ PROTEGT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR NEREBY COVENANTS ANO AGREES AS FOIIOWS, `
<br /> " � 1./«ym�nf af hineipal artd IMer�et.Trustor shall promptly pay when due the principal of and interASt on tha Indebtednos�ovidenced by tha � �
<br /> Noto,and ali other chargos and fees aa provided ln thu Note,and the princYpat ot and interest on any Future Advances secured by this Deed of �
<br /> Trust. �
<br /> � 4.W�anty ot Tifle,Trustor Is lawiully sei:ed and possessad of good and indefeasibie title and estate to tho Property he�eby conveyed and �
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<br /> , � has tha right to flrant qnd tonvey the P�operty, the Propeny is iree and clear of a�i Uens and encumbrances except liens now of recordo and
<br /> Trustar wlll wa�rant and dofand thu titto to tho Proparty against all claims and demands. ,
<br /> . , 3.IYidM�a�na and CompHanet with Lawt.Trustor shail keep the Property in good condition and repafr and shall not commit was�e or pormit � .
<br /> Impalrment or doterlo�atlon o�the Property and shal�comply with the provislons of any lease i}this Qeed of Trusz is on a leasehold.No imprpve� �
<br /> . ment now or hereattor orocted upon the Proparty shall be alternd, ramoved or damollthed wlthout tho prior written consont of Benefitlary.
<br /> ' - ------ -- T�uf�tor shaU comply wlth all lows,ordlnances,regulotions,covenanis,conditlons and restrictions otfecting the Property and not commit,sulfer,
<br /> , or permlt ony act to be done in or upon the Property in vlolation oi any law,ordlnance,rogulotlon,covenant, condition or restrictfon.Trustor �
<br /> shall complete or restore promptly ond in good workmonHke manner any improvement on the Property whlch moy be damaged or destroyed ond
<br /> � pay,whan due,all claims for labor par}ormod and materials iurnishod therofore and for any alterotions thoreof.
<br /> � 4. Iniuro�c�.Trustor, ot its expenso,wlll rnaintain wlth inaurors approvod by 8one}Iciory, insurance with�espect to the Improvements ond
<br /> '� �, ' � peraanol prope►ty,constitutln�the Proporty,against loas by f iro,liphtning,tornado,and othar parlle and ho:ards covorod by standard oxtended
<br /> 1 � , coverapo endorsement, in an amount oqual to at leost ono hundred Porcent af the full replacement value theroof ond Insurance against such
<br /> ' �r othor ho:ards and in such amounts as Is customarlly carrlod by ownors and operators of simular properfies or os Bonofieiory moy require for its
<br /> , protoctlon,T►ustor wlll comply wlth such other requlremente a�Borteticiary moy from time to timo�equest for the protection by insuronce o1 tho
<br /> • intorests of the respective partles. All in�urance pollcies malntalned pursuant to thfs Deed of Trust shal�name Trustor and Boneficiory as in• �
<br /> � suroda,as thelr reapective Interosts may oppoar, and provido that thore shall bv no cancollatlan or modlfication without no less than 15 days
<br /> � prior wriQten nofl}Ication/o Benaiiciary. In tl�o event any pollcy horeunder is not ronewed on or before 15 days prior to its oxpiration dato,
<br /> � Beneficiory mny procure such(n�urance in accordance wilh the provisions of paragraph 7 horeof.Trustor shall doHvor to 8onoficlpry tho orlpinal
<br /> , y pollcloa of Inauranco and ronowala tharool ar momo copios of wch pollcies ond renewols thoroo/,Failure to lurnish such Insuranco by Tniafor,or
<br /> � �. ronowols as roquired horoundor shall,at tho optlon of Bonoflclary,constituta u default.
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