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<br /> � :,�r~ . OEEt��Of TRUSS WRH F!lTURE ADVANCES �
<br /> - :.��_ _ TNIS GEED C�TRUST ia made as ot the i� day aL �' .19Li:b1►and amo►p
<br /> , . j�:.-;-#� QICBARD M '[REDIiYICiC i GR EIi.E� A TREDIIE�ICx . an�band and �iiR -
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<br /> 4Sii E Bi�ark GnnQ Lsitnd �� i" -
<br /> . f_�r whose mail�n�$ifdress ts . , (Aeraeln'Trustor,"whether one or mare�.. .
<br /> ... 'r{ . Fiv� Poiats BtNc: • �t�ic� Car�afion . , . -
<br /> .. '`' .: theTrulSBe, _ . .�
<br /> '��;'='�, v.' � .z , . � P.O. 8ox isi'f �raa� Islaad. 1[E 688�2. herein'Trustes"),and --
<br /> • �., r�. , wfioss maitin�addre�s is t
<br /> �`�` >,�y,�� the B�neHc�y Five Poiat� B�aY�.. "; ..,.... . ` � -
<br /> ' P.O. B� �'Grs�sd Islat��, fiE. 685�2�15� .s`•�•"r--
<br /> f '��'� whose�iti�address ts (Aerein"LenAer"). �.� -----
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<br /> ,. .� h ::. • " . ,`. '�C�fARD M TAEDIIINICK �"Y°�'-.—�
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<br /> FQA VAlUABLE CONSIOERATION,tnciuding L�-�a's extension af credit iQentifled herein to �
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<br /> . ';_:-�:.• :. ' i OR �II.EEN A TREDIlifIIGII .� merein"9or►ower".whether one ar mcre}artd if;?�Mr-�herein created. ����"
<br /> ,4 � ,��. • tt�e�ecetl�k��which is hereb acknowtedged.Trustor hereby ircevccably grants,transters.cor•;��s arf3 as��to Tiust�,T+V � ° � �'—
<br />.,,y,,4�, � �•, TRUST, rui�r, o-�OWERdFSALE.torthebenefttandsecur(tyotLender.underandsubjecttothet�ar�.c_-�::�a*.��erein��t �_.���
<br /> , � �; �,�•�:: `�.., f.otth thetaa4�rope descri O , 1.-t•.iJk_''
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<br />,. . , --:_ -. �����).�i BLOC�� ��). LAIIE DAVIS ACR88 SUHDI�ISION. N�l'i.II: �L'R .,...�.
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<br />-� � ' ,f�'- �•• Together with atl buitdings,lmprovements,fixtures.streets,alteye,passageways.easements,rights,priviteges and apDurte- ''�" ..f••:r;�
<br /> i!; '. :
<br /> ' �� �::;~- �' � ��' nances located thereon or in anywlse pertaining thereta.artd the rents,issuss and profits,reversions an0 rematnders therecf,artd � �`�;,�
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<br /> :.c._ sucb personal propefty that is attached to the improvements so as to constituis a fixNra,inctuding,but rtot timited to.heatiny and � �.�,- ,:�_
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<br /> -. ,. - , cootin�equipment and togethe�with the homestead or marital interests.Neny,whicb interests are hereby reteased and waived�ali ,;,�
<br /> ` '�� '` of which.inciuding reptacements and additions thereto,is hereby declared to be a part of the reat estate secured by the tlen of this ` � • ` �s'�
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<br />`;: � :"Ji/lyf„`�`: Oeed o!Tru9t artd etl oi the taregoing being reterred to herein as the"P�opertyr'. � _ -
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<br /> .;A�'r��• ` � Thls Oeed of Trust shail secure(a)the payment oi the principal sum and interest evidenCed by a promissory note or credit • `�.`•
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<br /> �,r',�� ' ;`�., :.: Hov��brr lat 2006 . . .'�:��
<br />. ;.�s:...,. , agreement da!ed Oatob�r 15th 1991 .having a matur�ry a,:u:ot ?�: : :
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<br />_ `.`.•lr.., .';`:i>'s'�: " �7 w.�.� <' ,i f, ' � . � ' .. :�`
<br /> '� '`' '°'�>�%:�•irr�.:•,. ln the orfginal principai amount of S • ,and any and atl mod�,�.�_ons,extensions and renewais r , � . .,�•rfl..,s,;,.�:;• `
<br /> :�'`,,,,;i;:�:!`;,3�:=' thereof or thereto and any and ali fulun�.�3�faac�4"S r8advaT��Y�Bo►rower��r any ot 5:0�if more than one)hereunder ' ,;:�;t::�?�;:;�,�'r;;��:;.
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<br />_ .:i?���y,,:;`' ' �' pursuant to one or more promtsso no�or credit a�aanents(,�a:��r called""�a!�'�;(b)the a:^ent o!other sums advancea ;,,:,<<��%.,:•;5:.�.
<br /> ". ry D y �!I ��r' �'�, , ,
<br />�`�?� '� '' ��° ' d.endertoprotecttheaeaurityoftheNote�(c)theper"cr.*�-aeo}allcevenantsa����eementsolTrus'ersetfart:sherein;and(d)att 5;;�; '
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<br /> , � �' ;�re8ent and future indebtedness and obligattons o,..� wer(or any ot them P'n;ra.•.an One)tp ter.3�r w^iai.�,,.direcl.inditee� ,;;?�
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<br /> . -,-� ; :��� . . abso�ute or contingent and whether arising b�r.ote,g•,'ataply.overdraft or otne�wr;�s.'r he Note,tr:��i,zF33 0�y cpEt and any and d11 z • `.
<br /> ` , � � . otherCocuentsthatsecuretheNoteorothen�«3executedlnconnectionSherew�-�.i��:�dingwitt:3:r:i�r•',^.��1�guarantees,sec:�1rtf �'.�
<br /> ` �.� �qreemertt.a and assignmenta o}feases an0 ronts,s�atl be referred t�c-:►ein 2s•�-,y"LOan Instrurr3r.':�". . , �
<br /> . ;�;,,,, _ � � Tru�tor covenants and agrees with Lender as tc:�HS: �• � , . . •
<br /> ;Z; :• . 1. Psymlttt ollndfbt�dnN�.All indebtedness�osored hereby snall be;.a.w�•��n due.
<br /> +,,,!� ' .�•s, '• 2.Tkls.Trustor ls the owne�o}the Property.has fhe rlght and author�.y:�c.�vey the Property.and w�rranis that the lien � •
<br /> �'`�,. �• Created hereby is a tirat and prior lien on the Property,except}or lians and enCUmbrances set forth by Tr4stor in wrii3^g and
<br /> .�,..�_;> .. , .
<br /> ,;;,:Jt.: , de0vared to Lender before execution et r,n:9 Oeed ot Trust,and the execution and deHvery o1 this Deed ot Trust does iot v1dc�':�,�ny ; '
<br /> . +;•,;',;,,;>`;;� ean;ract or ather obltgatton to which trr��„`or is subject.
<br /> ` � • � , 3.7a�,Ass�stme.TCS.To pay before delinquency all taxes,special assessments and atl other charges agair,st th�Pr�pe►ty �. .
<br /> rOw o�hereatfer IevieQ '.
<br /> . 4. (nsuance.To ke2;.t�•�Qroperty insured age«zs�cu~age by fire.hazards+n..�ded within the term"eMtertde�ccsverage',and ?' '
<br /> • such other hazards as�-•�ar may require,in amour•.t���-�with coa►parnes accets!aCie to Lender,naming Lend���.°a^aC2�'.ion81 �
<br /> , � named insured.wttb foss�3yable to the lsnder.in ca5a�`•:�ss undc.s��h pollc�es,the lender is autnorized to a9;:st e�"t�;e a�d
<br />- compromiae,allciaimstt:e�eunderandahallh�vethea3'..1at�.�p�s•���at;orpanoflheinsuranceproceeQs(i)toan�inde:.".�S��s � ,
<br /> :;:`f' • secured hereby and in s�sh order as Lender may de:e��.-s.(%��«��'���f�>�VT�o be used tor the repair or restoratior�of tha Pra��riy ! � .;
<br /> � �°,, or(iij)foranydt�erpui�s^�3�robjectsatisfactorytots����*w��c;.:u�`:�^3:,�+:�:5��lthisOeedotTrusttorthet�;tmr�ountsgcu�ed .
<br /> � '`� hereby before such�ay^Y�t ever took piace.Any a��!cai.o�c!Y�c�„z:s t��n�a�!edne9s shail not extend or pas�.�one the due ,• '
<br /> ��'•. "'`' . date o!any paymens b7:��T the Note,or Cure any CYyta«:!trer2�"::C�:�'"��::�'�de�. � ;.
<br /> • ' . . , 5. Eursw.Upon Wa'.'an demand by tender,T►aa�r shall pa;i:1,�s:3�.iz s1Ch manner as Lender may C����'+a:s.su!':o:e^'. � '
<br /> ' � sums to ena5le Lender ts�ay as theq�ea�ne due one or more cf:�+=f}hSwing:{�}ail taxes,essessments and otr.ef c"s_r�es a,��..s� f� , +`����
<br /> � the Property,(ii)the prer�:::--s ch y+b���3erty insura^ce reqc r���+}�annde�,and(iii)the premiums on any r:^��,�:��:i�a�:9 - • � � .
<br /> � �•� �,` . required by Lender. . , .
<br /> �• �- "•':� - • 6. Malntenanes.Rex:�s ar��a v��i3.�sv w'w::i�:ir�.?r�:s:vr shall keep the property in gaod condlt�G��:`�rap��r:s�a.+
<br /> � ��'� ' � • � prompUy repai�, or repla.�:�� �.�?�rr�^3-`�v^-� �'ra/ be damaged or destroyed:ahall not commit or pg;*sa3 any waste or
<br /> • deterioration ot the Pruperty;sha�i c�:r3.lsve,demairsn or substantiatty aHer any ot the improvements ort the Property;shall not .
<br /> � , ' commiL sutter or permit any actto be���.��^Ot upor�the Properry itc v�otation oi any law,ordinance.or regulaUOn;and sha11 pay and
<br /> promptiy discnarga at Tru�tor e coai and exaensa aii iie��s,encurnbrances and chsr$eb ie�ied,lMpased or a�ssse3&�ais�st thC . -
<br /> _.�_:. . .. .: �==—.Y.�.:��__ -- � . PropeAy or any paR lherenl. . - � :_ _ _._.� _ . .
<br /> , �� T. Emtnfnt Oom�in.Lender ie hereby assigned alt compensatinn,awards,damages and other payments or reltel(herelnaiter �
<br /> ' � . "Proceeds'71n conneCUon wittf tondemnation�r other taking o}the Property ar part thereo},or tor sonveyance in Ileu of cOndemna- �'
<br /> � ' tlon.Lender shall be enUtted at its option to eommertce.appear in and prosecute►n its own name any acUon or Froceedirtgs.and '.'.. .
<br /> • ' � shail atso be entltled to make any compromise or setttement in conrtection with such taking or damage.ln the event any portion of :
<br /> NlC318�(NanayKUMuialOa�Revtpi8s � .
<br /> . O f9Cdkn+aulEmYnlCommei�Tru�l�ndSaniqsAfsea�hort l�neoM.NeM�slu �
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