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<br /> ' ' DEED AF�RU�T INITI'1 �DV�--- -------- , -
<br /> �s cEm oF�u�r.a m.ada.�r�n.�aa�o� �e , ��.oir�+a amorw
<br /> ths Tn,�. �ade�a Ps+ap�fia, Inc. � eo.;e�+��. , <
<br /> � w��p�y �t� S. lOUt Streef. deha, 1�E 6810� �Barotrt"rrusto►.°wNseMr on�or morN,
<br /> tl�TruM�R 1�'ivs �bi,ttts Hanits A NBbCaaim, OccpatatiA� � ' . •
<br /> ', ���p�s y P.Q Ho� 1507� c�ard Ialaods 1�.fi8�2.,`� , , �,����,� . .
<br /> .-:ter.B�r�Mciry. •��• °eR{•`�." sa..ti_ t7c�►pocatian '
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<br /> <:����,�� P.O. Haat 1507. Gtand Islat�.. NB G88d2 �n���� .
<br /> FOR'�(�lIt81E CQNSIDEFtATlON.includirtp LenQer'�entension af credlt ideMttled h�etrt to ����� IaC.
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<br /> • {herein°8orrawer':wSe�l.?i�r one ar more)and the trust tierMn cre�tid:
<br /> 1hs recetPt of whkh is herebf►acknowted�ed.Truator hereby irrevacably gran15.:2�rtsfers.cor►veys and assipns b Tiusbs.IN ' .
<br /> TpNgT,yY1TF1 ppWEq pF SI1L�torlhe bendit and aecurity ot Lender,under and a�ectto the terms and conditl�ons hereinafbnat
<br /> forlh.tl�rMl prop�rty.ducri0�e u tottowx ,
<br /> SEe A�t�d'�L1t "1�" , , ,
<br /> To�ltisr wHh 1�11 Euitdin�s,improvements.flxtur��aitPeela,alle¢s.��easemenb.►i9Ms.prfv�and aPD�-
<br /> mnces foc,aped thereon or in�nywise pertainin�thereto,and the rec-rs,�ss�8i�prcflb.reversions artd rema:ndats therea'�atn�
<br /> such pe�samm�l prc�perty that i�attachsr!to the improvements ao aa�'ca�sstitute a�1re,inGudinQ,but not limb�d to hsati�nnd
<br /> cooiin�equipmsnt and to9etlis►wlth the homestead ormarital interests,ilany.�*���^teresd areheroby�ete,ase�and waive�alf
<br /> af which.includin�reptacements an0 addidcn�thereta,is hereby declared to be a��ciqf the real estate secure0 bEjr�e Iten of tAis —
<br /> Dead of Tru�t and all ol ths fors�oins bea�g referred to herein as tha"Propertyt: . .: :
<br /> Thb ONd ot Trust shall�scure(a11t�e payment o}the principal sum and intereat evidencect b��a promissflry npte a creQ"�t
<br /> apreertient�t�d Auauust 6. 1991 .navin�a maturlry da�a� llu�ust 6. 1996� �_, .
<br /> in th�ori�ind principsl amount ot s���•� and any aev�at1 modlticadona,extensioaTS and renewats
<br /> 1Mreoi or tlwrelo�nd any and atlluture advances and readvances to BoROwer(ar any o1 them i1 more than one)hereunder
<br /> punwnt to on�a mors prombaory notea or creAit agreemerds(heseua catled"No1q'�;(b)the payment of ather sums advanced by
<br /> �Mdsrb prokct ths aecufiy oi ths Nob;(c)the peAormance of ali casu�+^,anb and agreemenb of Truato�saf foRh herein;and(�all
<br /> pt�NM and TuEure ind�btednets and obiipati0n!of Bonower(or any at them N rticx'e th8n ane)to Lende►�rhsther dfreCt IndirecL
<br /> sb�oluM w eoMinysnt and wh�lhK�risinp by note,Quaranty,overQra(t or othenris�.�he Note,this Oesd of Trust and ar�y and all
<br /> �pih�doeu�nlsfAalsscuratheNolsorolherwlaeexec�ed in connection therewit�uc�:�diag without Qmttstlon puarantaa�,ssaurily
<br /> �H and af�i�nmM�b olleit�s and renb,ahali hq retaned to herein as the"ioan fnatrumenb".
<br /> TruMa eownxM�uxl a�ees wilh Lander as toltaws:
<br /> t �ay�d InabUdnN�.A!1 Indebtedness secured here6y shalt be paid when�ue.
<br /> • 2.TIII�Trusinr is tlie nWner of!he P►oaetM.ha�the rlght and authoNty tQ cqnveY tho Pr00@rtY.anA warrants that tha Gen =
<br /> crsated hereby is a tiqt and prior Oen on the�ropeAy,except for liens and encumbrence�sel fortfi by Trustor in wrltlnp and -
<br /> dNiver�d to L�nder before execuflan of this Oeed o1 Trua�and the execution an0�elivery of this Deed of Truat doe�not vlolate any _
<br /> opntrsct or olher obli�UOn to which Trustor i�subJeeL
<br /> 3.Ta�M,ANN�Mb.To pay before delinquency aq taxes,apecisl assesaments and aIl other charyes aqiinat ths PrapNy
<br /> now or heratier tevke. _
<br /> 1. Mwr�n.To k�splhe PrCp�Ay insured apainatdamage by tlre:hazards lnctuded within fheterm"extendea covera�d'.and -
<br /> �uch othM hatarM as Lender may teQuire,in amounts artd wlth compaaies aecepta6fe to Lender,namin9 t,ender as an addihonsl
<br /> ea�n�d Insurod.wlth low pay�ble to ths lender.In c�at los�under such pollctes,the Lender is suthorixed to adjuat co�fsct and _
<br /> comprpnts�,atl c1�lmsThereunder artQ�halt havs the option ot apptying atl or paR at me lnaurance praceeds(i)ta arry indebMdness _
<br /> sacurod heraby and U such order 2s L•�s�er may det��mine,(!i)to ths Trustor ta be use�lor the repair o►re�tcratlon ol Me Propery -
<br /> a(iii)tor any oU�purpo�s orobjectsatlstiCtory to LenQer without affecNnq the lien ofMis Oeed otT►ustforthefultamountsaeursd
<br /> hrreby b�lors suah payment ever took ptgce.Any application o1 proceeds to indebteCnes�shatl not extend oe postports the dus
<br /> �01 any p�ym�nb undsr ths NoN,or cure any defiult thereunder or hereunder.
<br /> 8. E�.Upon wrlftan QemanO by t,ender,Truator ahall pay to Lender,in such manner as lender may desi�n�N,sufNcient
<br /> sumsto�r�I.aid�rtopay�sfff�y 6eeon�due anear mo�e otthe foltowing(i)atltax�.asshsments an4ls�a�chupes a�alnat
<br /> th�Propuy,(ii)ths premtum�on ths property insurance►equlred hereunder,and(iii)the premlums on any moRga�s lnsuranee -
<br /> rpuired by LerWu. .
<br /> e, N�i1MnMe�,Mp�in�nd Co�pWne�wNh Law�,TrWtOr�hdll keep the property in yoot!tondltioe and repair.shall
<br /> prompYy r�p�ir.a npl�e�any improvam�nt whlch may be dam�Qad or destreyad:shall not commit or permit any wssfe o►
<br /> d�ioaYon of 1h�Prop�rty;N�all not�an+o�re.O�mou�h a subst�nt��lty�It�x any ot the improvemenb on ths Prape�tSr.�hall not
<br /> �qnmil,�ANr o►pNmR�ny actta be dOrM in ot upan the PropeAy ia vlotaUon olany Iaw,ordinante,or repulatlon:and ahalt pay and
<br /> pron�plly di�hfr�N Trualor's cost and expan�a all Il�n�,eneumbrances ana chu�levled.impo�e�d or a�s�0�ainst th�
<br /> Prop�f�►o►a�11 O�rt�
<br /> - .- ?.��l.t�det!s dete�t es�lseed e!!c�rt�a!lec�,ewa[ds.da^tage��nd oMee PsYtnent!ot ralld(l�erelnaffat
<br /> "ProeNds'�in caxNCtlon wHh eondrrnnaflron aother Wcinp W the PrOpaAy or part thereof,aHor conveyance ln Il�u Ot Condemna-
<br /> 11pn.1„�rdir�t 6��MilE�d N ib apliaf ta conimenC�.appe�Nn arM pro�ecuts tn ib cwn name any actbn or proc�nps.and
<br /> shall abo M�ntltl�d to make arty eanpromit�a�tlNment in cannecden with sueh hkin�or dyns�tn fh8 evMf any porNon M
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