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<br /> � - ACKNOwLED�iEMENT OF�EED OF TRt�ST . � � L
<br /> �s. ;� � : � � � .. , . _. _- , c�l��Q�`a�� _ - � �
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<br /> � -Tn�orund.�s�w�+n.�cin.aoct�ri.nE�Ti„i�or�sabouca.x.cw.aao.aa�Ra�ca�,o�.i:m«b.�.�a�n.an.vo�� `
<br /> • `et,.i.nra�dinctn�D�dafTrwtwo+�Sw6�WNt�Y�n�andablr�.uom�bTcwtorth.namor�intbt�wnt.
<br /> -- - olad�fa�lto►�nioit u - o7Tr�trrc�i -boCaatthrtllr�b;tl�it,�'sYi�Mlot�Mth�r�ni�.oia = �_ .
<br /> by tIM Tru�wilt�ot�t�nY I��P��Mdirip.Truqor t wa�ranb lhat�b sc _ � iiras�x�ctArd bY
<br /> . Tn�1or bdor�1h��ct�tla�d 1M DMd M Ttust ; /� •
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<br /> . . � `�� p� ica s�aus o•�rmct� . �
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<br /> � OEED OF TRlJgT WITH FUTURE AOVANCES � � �
<br /> � THIS DEEE1 OF TRUST.is mad�s ss of tAe LZLh—day ot �ua. .1 99!i_,b!►and.amorq
<br /> theTruseo►. PATRIC['�B[�IIAS 0•HOT1.6 . si_�1� pftaoa , _--.
<br /> - 3ili BIlQ'l1100D PLA�E Griad Isl�nd M 688�1-� .::. .:
<br /> -- � •wfio�e mailtng adcfress is (herein'Truator."wt�stlier or�e or�norej: '.
<br /> - ths T►usM�. Fimt P�ts B�dt. a MDrask� Corporation - �_. ,._ . , .
<br /> -= vrtw�s maiHns address ia P.O. Bo: 1$i9 Graad I*laad. xE fi88�2 � . :�e�n'Trust�e"),and
<br />_-_ . �g��y, Fi� P+►�nts iiat _ : � `
<br /> whoss msil(�adareaa 1s P.0. 8ox 13�7 tirand Islatid. NE.:.688�2-l�7 m���•�er'�. '
<br />- : . �R VAW1t�.E CON310ERATION.inciudin�Lender's e�ension ot cred"R identiHed twrein to �. . :' .
<br /> PATRICr ?�OlIAS 0'BOYLE (herein"eortowe�;whether.one ar more)and tha trust herein creatad.
<br /> � the receipt of whicb is hereby ackrwwled�,Trustor hereby irtavocahty granta transfe%.conveys and assi�ns to Tnrstee.R�
<br /> TAUST,WITIi POYYEA OF 3Al.E.torthe benefltand security af LenAer,underand subject to the tertns and canditions hereinatieroet .
<br /> foAh,fhe real properry.dAacribed aa(oilowx - �
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<br /> `� ' i.or ���9�.BLOCK FOl1Rt!),BQE�1'MOOD SUBOI�ISION Il T� CI'1'Y OF tiRAIID ISt.A�. .
<br /> , aw. cau�tnr.xee�c► .
<br />_ ,�t; .
<br /> To�eiher witl�a1t buiidin�s.improvements,flxtures,streets,alteys,passageways,easements,rights,privlleDes and appurte-
<br /> :. nances IoCated thereon or in anywtae peAaining thereto,and the rents,issues and profits,reversiona and remainders thereof,ana
<br /> such personal property that is attached to the Improvements so as to constitute a fixture,inclu0ing,but not limited to,heabnp and
<br />-_ cooli�p aquipmant and topether wItb the homestead or marital interests,if any,whicb interests are hareby refeased ana waived�ali
<br /> . of which,inciuQin�reptacements and addiUons thereto,isl�ereby declaredto be a paR of the real estatesecured by ihe tien o1 this _
<br /> Deed of Trust and all ot the toreyoinp belnp refened to hereln as the"Property". -
<br /> - ' � Thls Oeed of Trust ahail secure(e)the payment ot the principal sum and lnterast evidenced by a promissory note or credit r.
<br />°:,:�:.
<br /> � : � ���t�y� ,having a maturityr date ot .
<br /> _ 1-:s io the o�l�inal p�incipal Amount of s � ,and any and alt modifications,eMenalons and renewals
<br />- :;, tflereof or thereto and any and all tuture advance�and rea�vancea to Borrower(or a�y of them if more than one)hereunder
<br /> punuant to one or more promissory notes or credit agreemer��(herein called"NOte'�;(b)the payment of offier aums a0vanced by
<br /> ' Lendar to protect the aecurity of the Note;(c)the pertormance af al I cavenants and agreements of T�usto�set fortb here"�s:and(d)all �
<br />- - present and tuture indehtedness and abligatiana o!Borrower(or any of them if more than one)to Lender whethar direGL indirecL
<br />- eb�otute or continpent and whether arlsin�by note,guaranry,overdraft or otherwisa.The Note,this Qead of Trust and any and all -
<br /> - other docuents thataecure the Note or otherwlse executed in connectiontherewtth,including wlthout limitation guarantees,eecurlty
<br />- • apreemenb and aasiynmente o1 teases and rents,ahall be�e(erred to hereln as the"f.oan tnstruments"
<br /> . Trustor covbnante and Aarees with Lender aa fo�tows:
<br />- 1,PaynNnt W Ind�bN�Nao.All indebtedaeas aecured hereby ahail be paid when due.
<br />' � 2.TNb.Trusto�ia tha owner of the Properly,has the rlght and authority to convey the Properry,and war►ante that the lien
<br /> �. created hereby is a first and prtar flen on the Property,except for Uens and encumbrances set toRh(r�l T�ustor in wrltinp an0
<br /> deliveted to Lender betore execution of this Oeed o1 Trust,and the executionand delivery of this Oeed of Trust daes nat viofate arty
<br /> conbact or other obtlpaUon to whtch Trustor is subject
<br /> 3.TsxN�A�s�nwnb.To pay betore detlnQuency aii taxes,special assessments and a11 ofher charges ayaln�t the Property
<br /> ��- now or hereaRer tevied.
<br /> x� 4. in�wane�.To keep the Property Insured against d8mage by fire,hazarcts inctuded wtlhin the term"extended covera�e",and
<br /> +�: auch other hazards a�Lender may require,in amounts and witb compante9 acceptabte to lender,naming Lencler as an additional
<br /> ' �`� named insured.with loss payabte to the Lender.In case ot toss under such pollcles,the Lender is authorized to adjuaf,coltect and _
<br /> . � ` eampromlae.allclaimsthereunderandshallhavetheoplionofapplyingatlorpaAoftheinsuranceproeeeds(i�toanyinde6�dness
<br /> �'�'�'� - secured hereby and in aueh order aa Lender may determina,pi)to the Trustor to be used tOr the rep�ir or restoraUon of the PropeRy
<br /> • - ��� or(lii)forarryotherpurposearobJectsatisfactarytolen@erwithoulaNectingtheNenoflhisDeedofTrusttorthetullamountsecured
<br /> , hereby betore aueh payment ever took place.Any appficatian o1 proceeds to indebtedness shalt not extend o�postpone the due
<br />- • � . Aats M any paymenb u�der the Note,or cure any detautt thereunder or hereunder.
<br /> • . : ;, 5. Eferow.Upon written demend by Lender,Trustor ahail pay to Lender.in auCb me�nner as Lender may designate,sufllclent
<br /> • aumsto enable Lenderto pay a�they become due one or more o!the folfowing:(i)ailtaxes,assessments and other charges egain�t
<br /> the Properry,pi)the premiums on the properly insurance required hereunder.and(iii)the premiums on any moRgage insurance :
<br /> _ _ ..-'•.,��.' required by Lernder. -
<br /> �:v'; 8. MainMnane�.Rspfki and CanpNsne�wiU�Lfws.Truator shall keep the Property In godd condltlon and rapair;ahall
<br /> : :� prompUy repair,or reptace any improvement which may be damaged or destrayed;ahaN not commH or permit any waste or
<br /> d�feriorallon al the Property;ahail no!remove,demoliah or aub�tanUatty aiter any of the improvemeni�on the property;afisll not
<br /> . ._,:;; commit,suHer or permit anyac!to bedone in or upon the Property in viotaUon oteny law,ordinance,or regutatlon;andahatl payand
<br /> • ' '-'��-�.�,.. ' promptly diachargs at Tru�tol's cost and expense all liens,encumbrances and charge�levled,imposed or asses�ed a�ainyf the
<br /> �y"_�_''"- Propaily or any pad th�reol .
<br /> ` - � • 7.En�nl Danak�.Lender is hetehy asUgned all cantAen�aUoA.awards.dam�es a�d other psyments a repN lherNnaftN
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<br /> " �`�"�l � "Proca�Qs'y in conneatlon witb eondemnation or other taklnp of the 1�ropeAy or part lhereoi,or for comieyance in I(eu oi condemna- �
<br /> ; • •-:;;� .�. .
<br /> f1oe,L�nd�r shsll6e sntitted at ib opdon to eommence.appaat in 8nd pro�ecutt in its own name any actloa a proce�dinys,sn0
<br /> ':`�', �hatl d�o be entlHed to make eny campromiae a sMHement tn conneeUOn with eueh tsNinp or dama�e tn the event any poNon ot
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<br /> . _.,�^ � Otll�w�wW�rraet«�rra.rwrarsar�ry.�w.eirbn.u�aYn.Nw„u•
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