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<br /> . • ACKNOWLEDOEMBNT OP DEED OF TRUBT
<br /> ,�wTO�r�T«��o��: �� � � � '93-, itl�,4
<br /> Tru�tor undwsLnd�that th�daoummt that Trwbr b�bari W�tt�oub I��DNd of Tru�t�nd eol a moA�p�rnd th�t fh�pow�r
<br /> pf pl�prorid�dbr in ttN ONd of Tru�t provid„wb�ndtlly dif f�►�nt rlphEl�nd obNQatbns b Tntqor th�n a moA0�t1�In tlM�wnt
<br /> pt a d�uHor b,,.vi,4i ebiip.fian u,d.r ii�,G..�i utT►w1,inalutlfn�,bu!not Ilmlbdto,th�L�ndw�ripht to Iu�wth�P�opwfy�otd
<br /> by ths Tru�tes wlt/tiout eny Judlcls!praceadin�.TruWo►r�pr�Nnri luid w�mna that thl��oknawi�dp�nMnt was uteoubd by
<br /> T�wlor bdor�IIN�oWbn of IM OMd d Truq.
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<br /> M R,� J O� n Trustor N���
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<br /> i S Balva► Truotor vu.
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<br /> DEED OF TRU8T WITH FUTURE ADVANCES
<br /> , THIS I�EO OF TRUST,1�mads e�of the_13L�day ol �p.. ,1Y�.. by�nd amonp
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<br /> �T��, dont� J [ialv�n i I.oni S G�lva► . hu�baad and ril� �
<br /> a. �. '�,.°��":"-••. ' whose malll���dd�e�s b Si� Y Ruby Gr�d I�l�ad IE� 68803-4334
<br /> ����,.-• (h�an"Tru�tor.'wh�tlwr aw or moro).
<br /> �� ,:;-"ti�'`�•' .:F� Fiv� Poinl� B�nk. a N�bruk� Corpor�lioa
<br /> . ' . . ' ' :� the Tru�tea� —.
<br /> �:•��� a. .. ,',�.'' %�i whose mallinp tddresa le P.O. Box 1�7 tirand I�l�ad, ME 69802 �hare�n •'Uust�a").and
<br /> � qw g�fl�ry, Fiv� Pol.nb Bu�k
<br /> _ ,..��s'°�i��� ,
<br /> � . ..� . ,, _�, '„�-, whose mallinp�ddress Is 2viS �. Bro���ll f3r�nd I�l�nd. N& 668(iZ-1567 (hereln"I.onde"►.
<br /> „_ ir.e +t;��s ;�lr.
<br /> .,, �,t�•""�'`�'�'� FOR VALUABLE CONSIOHRATION,Includinp Lender's exton�fon ot credit identified hereln toMoDtt J ti�1V�n
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<br /> � " ';�;��P' � Loef. S [3alwn (herefn"8orrower",whe�er one or mare)and ihe truet herein ereated,
<br /> '�.��.Y�. ;:-:. v..
<br /> Ey�- tl�e rzcelQ!o! which la hereby acknowl�xl�.Trualor hereby Irrevocably g►aMa Iranalers.conveys end edsigns to Trustee.IN
<br /> . TRUST,WITH POWER OF SALE,tor the benelit and security ol Lender,under end aubiect to the terms a�d conditions horelnofter wt
<br /> �� . " foAh,the real prop��ly,deacrfbed es to�lowe:
<br /> : ,h° .� - �t�On� f�l� Di�'k�y $�v�ntb Subdivi�ion to tA� City oi f3r�nd I�l�nd. H�13
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<br /> d � � Topether wAh atl bulldinys,improvements,lixtures,streets,alleys,passageways,easements,ri�hte, prlvileyes and appurte-
<br /> � rt' nence�locatedthereon or in anywise pertalning lhereto,and the rents,issues and prohls,reversfons and remaindere thereoi,and
<br /> � , •• suCh personal property that Is ettached to thd improvements so as lo conatitute a Nxture,lncludiny,but not limited to,healing and
<br /> coolinp equlpment;end tapether wlth ihe homestead or mantal inte�ests,ft any,wh�ch interesta are hereby released and waived;all k
<br /> ��, . �� � ., of whloh,includln�replecementa end addit�ona thereto.Is hereby declared to be a pa►t of the real eitate aeoured by Ihe lien ot thls
<br /> �+^�+� Dead o1 Truat Ynd all ol the forepofnq befnp referred to herefn as lhe"Property".
<br /> ,`6�`� } �,. Thls Deed of Truat ehall secure(a)the payment of Ihe principel aum and i�lerest evidenced by a promissory note or credit
<br /> ��- � • ,��.`.':�- • epreementdated ���r 13+-h t�3 .having a meturity daie ol S�otnb�s 13th 1998 ,
<br /> � " . ,. ',!i:`;��.'�'�'i .
<br /> + •� •� '�{.�'�" in the orlyln�l princlpal amount o13 S.010.Z6 ,and anyand ell modilicatlona,extenslons and renewals
<br /> � . thereol or Ihereto and any and all future advancea and readvances to Borrower(or eny of them�f more than one) hereunder
<br /> ' pur8uant to o�eor more promlasory notes or credit agreements(herefn called"Nole"):(b)the payment ot other aums edvanced by
<br /> Lender to protect the aecurlry ol the Note;(c)the performance ot all cove^a�tQ a�d eg�eements of Trustor set lorth hereln;end(d)all
<br /> ��� • " preseot and tWure Indebtedness and obliyatlona of Borrower(or eny of ihem�f mae than one)to Lender whether dkect,indirecl,
<br /> ""�``� " � �� � ebsolute a conUngent and whether erising by note,yuaranty,overdraft or otherwise.The Note,this Deed ol Trust and eny end all
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<br /> � ,��� other dxuentathat secure the Note or olherwise executed�n co�nect�on therewfth,�ncludmg w�thout limllatlon guerantees,aecurlty
<br /> ��,. • apreemenls and as9lgnmenta of leases end rents,shall be referred to hereln as the "Loan Instrumenla".
<br /> t � 1. '� ••:,� `a • � Truator covenents and agrees with Lender es follows: .
<br /> !f- • 1.PaymYnl of Ind�bt�dn�as.All fndebtedness secured hereby shell be paid when due. '�i
<br /> ' .'�'`�•' 2.TNI�.Trustor Is the owner of the Property,has the right and authorlry to co�vey tha PropRrty,end warrerns that the Ilen
<br /> ?�:�� � ;�;�•',:'��� areated hereby 1s a ti�st and prior lien on the Property,except for liens and encurnbrances set lorth by Trustor in writing and '
<br /> ii - �„��,;;'"' delivered to Lende�belore execution ol this Deed ol Truat,end the execution a�d delivery of Ihis Deed ol Trust does not violate any k�
<br /> I~� '�• ` � conbact or other oWlgetion to whkh Trostor�s aub�ect • ,
<br /> 1,^; ' � :' 3.T�x�s.Ats�am�nb.To pay belore dellnquency all taxes,spec�al assessments and all other cheryes aya�nat the Property !
<br /> � now or hereaRer lerled.
<br /> ,� ` ;�� '':�f'•'• 4.Imurana. To keop the Property Insured agafnst damaye by hre,hazards inciu ded w�thin the term"extertded coverage",and
<br /> ' �'" ��"'`��`�� euCh olher hazerds as Lender may reqwre,m amounts and with twmparnes acceplable to Lender,nemmg Lender as an addiUOnal
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<br /> � � �` �� named�naured,wHh lOSS payable to the Lender.In case ol loss under such polic�es,the Lentler is authonteG to ad�ua6 ColleCt end
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<br /> }��' � ��,t�,��: compromlee.aM clalm8lhereunder and ahall have the opdon of applying ell or pe�t oi the Insurance proceeds p)to any Indebtedness �
<br /> • `l':•,: '.� .r;,., . • ,.,
<br /> ,.,••• �. aeCUred herebyand ln such order as Lender may determine,(fi)to the Truator to be used lor the repair or restoraUOn ol the Property �
<br /> � ����•'�•`^��'�'!'�'%��r�. ��' �' or piQ for any othsr purpoee or ob�ect aatlafactory to Lender without aflectfng the lien oi thls Oeed of Trust lor the IWI amount aecured �
<br /> .�. ,�-3•�.;�` hMeby belore tuch peyment ever took place. Any eppllcatlon of proceeda to�ndebted�ess shell not extend or p�stpone the duQ �
<br /> � d�to ol eay paymenb under the Note,or cure eny default thereunder or hereunaer. �
<br /> .�,�, . ' , 5.Esorow.Upon wrltten demend by Lender,i rustor shall pay to Lender,fn auch manner as lender meY desiflnete,auH�cient `
<br /> ���- ' sumi to enlibte lender t0 pey es they become due one or more oi the lollowmy:(Q ell taxee,asseasments and other chorgea aya�nst
<br /> �' ` fhe Proparty. (N)the premlums on the property Insurance requfred hereunder,a�d(fu)ihe premlums on any mortfleye inturance
<br /> •' � • nquind by Lender.
<br /> �;: S , � 6.Malnt�unp, R�pair��nd Compll�nc�wflh Laws.Truator shell keep the Property�n�ood condition and repa�r;shall
<br /> �-� ' promptly ropak,or replace any Improvement which may be demaped or deatroyed:ehaU not commlt or perm�t eny waste or
<br /> ;� , , ^ o daterioraUon ol the Praperty;ahall not remove,demotfah or aubstantially aller anY of the improvomenta on the Property,ehall not
<br /> comnM��uMer a permitany act to be done In or upon the Property In vfolstlon ot any lew.ordfnanee,or�apulaGOn;and ehall pay and
<br /> � � t � `�, promptly dischK�e�t Trustw's Cot!and oxpense all Iions,encumbranca�t and cha�qes lev�ed,fmpoaad or a�wssod epalnst the
<br /> PropaAy a any paA thereof.
<br /> .� : •�!a� . 7.8�+�Dam�in.Lender i�hereby asaiqned all compenaat�on,ewards,damape�and other paymenta or reliel(herelnafter
<br /> ` i ; • ••proce�d�'�in conrNCibn with Condemnadan or other takinp of the P�operty or ped thereof,or for convepa�ce in I�eu o1 condemna-
<br /> ��. �� • - . . tlon.Lender shNl be entltled et ib option to commence,appear in end proaecute In fta own name any actfon or proeeedlnqa,and
<br /> shall alw ba antlNed to mako any comproml�e or seltlertwnt fn connectlon w�th sueh�akin9 or damepe.In the event any portion ol
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<br /> . O 1M�WnpW�W d CMnr�q TruM�M fw�nW Mwcw�on lx�cd�NMnMa 1
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