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<br /> �� � ACKNaWLEDQEMENT OF OEED OF TRUST
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<br /> '�` =_� .-.`st-:::. Tr�storunde�a�stdathatlMdowmsnllt�stTrustnrieaba�tto'axscu�slsaDesdot7rogarMnedartw�andtlatthspowar ��
<br /> � � � ofsaliprovidedtorinmaQe�dottnulprovldasaubstsr►Uatiydiilersnt�fSMsanOoEtt�tionatoTastortliar�amoEtSs�sintMavent . �,�,,,,g__
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<br /> ct a d�faultor bre�ch af obliyation under t�s Deed otTrus�Inctudio�.0ut not Iimttgd tc,Me Lendeda right to havs ths PrapenY sWd �
<br /> ;�` , `` : dy the Ttuatsm rritltotct erry judf�ISt prcceedin�.Tntsior represenis and w �b tltat Mis acknowtadgemertt was exaCUO�d bY '" _.._
<br /> �_�`- ` Trustor�ebt8 Use e�ceCeAion Ot tlte ilEed ef Ttust - �'`
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<br /> �=''';.�`:: � � DEED OF TRUST WiTH FUTURE�ov�NCES , ^�--�-�:,--�-�
<br /> �i<<.�,..." of OCtCb�Y' 18 9�-.byan unang tt�..`,`.��_J'i _
<br /> 4 -.��"`� THIS QEED OF TitUSr is made as oi ths 3� �7f • -�,;.,r�_ Y�
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<br /> PE.O: Bos 5315� �.� �slan8r NS 68802-5315 ��rein'Trusoov:whether ona or more). .�;-�.,. ,,':�','_`
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<br /> � . ..,, ;ti -�; ,;��<r.`. �� ,: .. Tr,�1cf e�. .ti� =�a,�na� Nw E,s�A7 t�47 ' (herein•'Tnistee'?.Src�� s`._;,;;�" : -,__
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<br /> , . . , ,r.v, �..� a T..t.._a �,ir 698A2-1507 —(hereln"LenQe►'7. -
<br />, � ::�,�e�,y��� ,..f,.:�..`. .. Y4hQSd 1B81�Iftg ,'df�'�.83$�S i' no � F T :4.l::. _.,�--_ -
<br /> r �! � '(;�;�. �fOR VALUABLE CONSIOERATION,inctuding Le,ider's ek!ension ot credit iden6fcest hereln to >".r. . _
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<br /> ,` -t `yr4c�,�F ; . . Vincent L. & Nancy G. Datdin9 t��ein"Borrower".whether Er�as more)and the trust r�cein created, . �c;'.;� ,•
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<br /> ..:,,;�t the recelpt of Wiii:fi is hereby ackaowledged.Trustor E;�-�y inavocabiy grants,trarsars.conveys and assigr�te:2'fus�ee.tM f +����.
<br /> ,, •. ' .� : . TRUST,WITHP�YE=�iOFSALE.fortheben�it'2n�securttyofLender.underartdsubjecttothetertns�t�conditiprssre�einafter�t ��� �" , �„ „ :
<br /> t,, ;'s .rr�f;;:,'t : torth,the real�'c�e":y►.aescribed as tonows'. . . . '�
<br /> �I z�•. 2 L•'e� and the South 2.Q��eet of 1�te East 34.3 Feet. � 1.� ;�,��r.x -
<br /> ',. � Sout.h �.� Feet a� �he We..� ZI6.
<br /> � � '".���``' �f t�L Tt�rC�n ��3}� arid all qf Lot F€f�een t�5). in Black �'custeen �14)� i.rf college :.;�it���f' � ; a�
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<br /> ' � ,, . ���icn ta�ru� L�c. in t he �y of t�and Islanc3. Aall. C�.ty: tte3z�s.ka. „ ` '.
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<br /> � , . ' Together wifit atl buitdings,improvemen�,tixiures,streets,aueys,passageways.easements,rig�is.privileges and appuRe-� ,' �'�.�",�
<br /> ' � nanCes IOCated thereon or in anywise pertaining thereto,and the rents,issues and profits,reversiorts G�d remalnders thereoi,and ��
<br /> ' ' such persOnat p►operty that is attachea to the improvements so as to constitute a fixture.inctuCing,but not timited to,heating and ;�
<br /> coolingequipmenfi and together w(th the homestead or mari:al interests,it any,which interests are hereby reteased and waived;all , �
<br /> � � ot which,Inotudir,a reptacements anC adCitiona thereto.is hereby deciared to be a paR of tha real estate secured by the lien otth�s ,
<br /> ' � Oeed ot Trust aRa ati of the toregoing being reterred to herein as the"Preperty". : . .
<br /> , � , � This Qeec�Cf€rust shall secure(a}the Cayment of the principal sum and interest 8videnced by a promissory note or credit , ' "
<br /> ., � �:�1' � agreement dated •,-'._'-_ " la.�l .hav�ng a,;*_!uriry date rt�*�3l 28. 394Z � }7r1;.;`� ` . ' � . '. .
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<br /> ���`°�r��-�`°� � an.n9tt-50 ' 3nd any and a�;�eCitica�an�,ex!ensicns•end renewals t`•'��:°'• � . �
<br /> � ' ••;�i,i:,<<�,r • ; ;: io the origirral prinCipal amount ot$ �
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<br /> .• ! .�:`,��� ' ��,+,.-_� thereof or thereto and any and all future ad.�r,:es a�1��Cvances to Borrower(or any of tFesn�t mor�'h3n Cre)hereunQer ; • ,;„,.
<br /> ..• pursuant to one or more promissory notes u rxeCst ag�e��-A^ts(hereln cal�ad"Note'7;(b)the paymrrrt at:c:he►5r.T.saOvaneeQ h�,r �.; ' : �•'��� •
<br /> • �"`��,'� ' Lende�to protect the securiry o1 the Note:(C)t�re pertCrrcanc�oi all covenants a�d agreements ot Tru�:or set tor.n tsEre^:and(d)21 +5 �
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<br /> '• :�;'.�''�°: . present and tuture indebtedness and obllgation9 o18cRCher�;or any of them it more than one)to Lender whe;ts�r dr�:�inCirett, G�i��;;;�'•.
<br /> ;.r. '•, absolute Or contingent and whether arising by noie.ge:ar¢rtv.averdratt Or otherv�ise:���e Note.ihis Oeed o1 Trc�t aaS�tty and&�l "� :::i:r,'
<br /> • � otherdocaec�tsttatseCUretheNateorothen4igeexecutedinconneeticretherewith,inct�zingwitho�t,r�!ationguarr.c�es,securtry �;`�;." �:
<br /> � • agreements�n4 as3ignments ot IeaSes and ri;nts,shail be referred to h,4�:n as the"�n�n InstrumEntS' -; ; , '�._;�:�, ,
<br /> �`•r `. �' � Trustor c�:cr:ants and agrees with LeRd2r as toitows: , ; ; .' • • '':;��+' �.•,
<br /> � . � 1. Pryment ol Ind�bteQness.All indebtedness secured hereby sFa�i oe pa�d wnea�s d,�e. .
<br /> • �% " � 2.Titf�.Trustor is the owner ot the Prope►ty.has the right and authority to ccn;_; che Prope►ty.and wariants that the lien t':"��', ,
<br /> ' created hereby Is a first and prior lien on the P�operty,except for liens and encumGru�ces set torth by Truator�n writing and .
<br /> � ' d'e�veredto Lerrder Oefore execution otthis Qeed ot Trust,and the execution and tle��=�r�of this Deed of T�ustdoes�ot vlolateany ;
<br /> � � conVact or cther obfigation to which 7rustcr�s subJect. � , - ,
<br /> 3.Ta:es,Ilsstssmtnts.To pay beiare det��quency au taxes,spec�o�as�essments and all other charges against the PropBRy
<br /> ' rtnxor hereafter levied.
<br /> � 4. �nsurance.To keep ths Property insured against dam�ge by t�re."a�:iCrs°r.c{u0ed within tha tarm'�e�tended ccverage",and
<br /> " . � suCh ather hazarde s9 LenQer may►equite.ln amounts and��,?r,£�mp2r"�g acceptablq to Lender,n8ming Lender as an additional . .
<br /> � �� � named insured,with loss payable to the Lender.in case ot loss under such Fo�:cies.Ihe Lender�s authonted to ad�usl.eollect end
<br /> compromise,all c►aims thereunde�and shall have the option ot app�ying a�)cr part ot;fie snsuranCB proceeda(Q to 8ny indebtednes,4
<br /> � secured hereby and in such order as Lender may determine,(i�)to tne tru�tCr to be used for the repair or restaration o1 the Properry
<br /> or(iii)for any other purpose or object satlsfactory to lender without aHectingthe lien of this Deed ot 7rust tvr tMe tu�t amount secured
<br /> hereby betore suCh payment ever took place.Any appl�cat�on ot proceeds to indebtedness shalt not extend or postpone the due
<br /> date ol any peyments under the Note.or cu►e any default thereunder or hereunder.
<br /> ' S. E=erow.Upon written demand by tender.Trustor s►+ai►pay to Lender,in such menner as Le�der may designat�.SuHiCinnt :
<br /> ;�� : ,:, • � sum9to enabls Lendei to pey as they hecome du�onE or more of the fotlowmg.l�)alf taxes,assessments and other charges again9t
<br /> .�, the PrBpetty.(iiy the aremiums on the property:nsu�anoe reqwred he�eander.and I�ii)the prem�ums an any mortgage insurance
<br /> � . requlred by Lender.
<br /> + 6. Illlaintln�ne�.R�palrs and Comp!}anes witb Laws.Trustoe sha11 keep tne Property in good cond�t�on and repair:shatl
<br /> ���• ' prompUy repair,or reptace any imptovement which may be damagea or destroyed; shall not commit or permit any waste or
<br /> � - -- -- —.: ---- --� date�ar;,ticn otths Praperfif:sha!!net remove,demol�sh or substanUalty alter any ot the�mprovements an the Property:shall not
<br /> commit suHer or permit�ny act to be done in o�upnn the Properry in viofatian otany iaw,ortl�nance.or reguiatia�r.ar�u sl�aii pay and -
<br /> � . ' i promptly discharge at Trusto►'s cost arv�expense all liens.encumb�ances artd charges levied.�mposed or assessed against the ,
<br /> . . _. _
<br /> � pfdpArly O�Snq p3rt thereoE --
<br /> � 7. Em1n�M Oam�1n.l.ender is hereby assigned aIl compensation.awards,damages and othe►payments or rei�et(herelnafte►
<br /> �� +� "ProCeeds")inCOnnettionwithconCemn�tionorothertakingofthePrope{tyo*parlthereof.nrtorCOnveyance�nlieualcondemnd•
<br /> ?�� !� Non.Lertder sha11 he entit►ed at its option to commence,appear in an0 prosecute+n its own name any action or pr�e$dings,and
<br /> �` '• � shel!also be BnUtted tb make any Compromise or settlement in conneCUOn w�th such faking or damage.In tho evant any porUOn of
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