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<br /> ACKNIOWLEDOEMENT OF DEtO O!�TIIU�T
<br /> ���«...�.� � � 93-' so�s�e
<br />_ Trw�or ue,d«�W+d.r�n w.aoouw+«+er+.c Tn,Mor I�.bouc w«o.o�N.k•c..d a Tru.�.na�1.ma+o.0..na M�.cM�.oow.r
<br /> d NN P�'��lot In MN OMd oi YnNt W'ovidM wI�WWWY difGn�M►iph�a�fd ab114M{O�N b TnN1orMMn�mwq�p�b th��rMK
<br /> ol�dMMNtor b�wOh d obN�M1o�undM th�OMd of 7nMt��+dk�0.bW e�ot INniMd b�IfN LMniK't rbM b hw�MN MapM'!r�oid
<br /> T�YMV►b�llr� aNa�on d�1h�WONd�T�wlor npn�lb�fd wwnnb Ilut Ihi� {�tlp�n�K wM�x�oiM�d bY
<br /> . —.��w . � TivMOr ilwbaad
<br /> SN�IL► K AII►ORD TruMOr Ilif�
<br /> DEED OF TRUST WITH�UTURE ADVANCE8
<br /> THIB OEED OF TRUBT.�s�.as a eh.�t�d.y a ���- ,�a.�..�►.r�d.maw
<br /> �T�� DOUGI,,AB D AXFO�D i SHEILA R AJIFOitD . bu�band aud riif
<br /> :.•<<:. �
<br /> _ ���p���� 318 PHEASAMT DRIYE Gr�nd I�l�nct �,�T�„6�2-1���
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<br /> _ ��� ��,� Riv� Point� B�nk. a lieDra�lca Corooration ,
<br /> ������ P.0. 8ox 1507 Grand Isl�nd, !IE 68802 (�.�"T�'.��
<br /> ���� Fivv Pointo Bank ,
<br /> '! ,i, wlwN mallinp�ddras ta 2815 N. Bro�dY�ll Graad i�l�nd. NB. 688�2-1507 (��n"�„«�y.
<br /> -.:;�� FOR VALUIi9LE CONSIDEIiATiON,includinp L�nd�r's�xtentlon ot cradit id�nBN�d h�nin to��LAS D AXFORD
<br /> � SHEILA K AlIFORD (herein"eorrow�r",whelhsr one a more)and the trust hstNn cre�t�d,
<br /> the�ecNpt ai which is h�roby acknowiadged,Trustor hereby irrevocably qrants,t�anrisn,convsyi and et�ipns W TrustM,IN
<br /> __�;: TRU9T,WITH POWER OF 8ALE,fa tht bsnetit and security ot Lender,undar and subject to th�tWms and condltbns haNn�ft�r ist
<br /> - 1orq�,tM nsl propwty,dacrib�d u fdbws:
<br /> :;?:;;`: - - -
<br /> �°'�� See Attached "Exhtbit A"
<br /> � � �
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<br /> '. � � �����.
<br /> . -- .�:?r :�'�r:�r.`;
<br /> . .:.�„�:;..:....., ._
<br /> �� ��,;: ;.=-. 7oqether wlth etl buildinys,Improvements,tixtures,�treets,alieya,paasapewaya,eafaments,riphb,privlie�es and appurt�-
<br /> �+ �tn;;- nance�Ipa►ted lhereon or in anywl�e pertainlnq thereto,and the rents,Iaaues and prafits,reversions and remaindera thereot,Ynd
<br /> - •� s "' auch personal property that is attached to the improvements so as to co�stitute a tixture,includin�,but not timited to,heaUny and -
<br /> - �. � �'` - coolinp aqulpment and topether with the homestead or marital intereats,i!any,which interetts are hereby rele�s�d and w�iwd;ali
<br /> �.�if,a,;x-�s�.: .
<br /> ;, ' • of which,Incl udlnp repiacsments end�dditions thsreto,it h�+�by dec�ared to be a part of ths rwi�stat�s�curad by ths ti�n ot thb
<br /> � �•°'�� O�ed of Trust�nd�II of th�torspotn�bsinp ref�►r�d to harWn u tha"PropKty".
<br /> _ '�y.}4.�r.KVd- . ?:'" .
<br />_�
<br /> ,�;`• .�s�.� . This D�ed of Trust sh�il sscura(a)the payment oi the princlpai sum and tntereat evidoncad by a promissory note or Cr.dit
<br /> , :�;;,,:;• .
<br />-���` '' • a va�l��r LRh 1 Q ,hav� O rt1AlUfl d8t9 O� Yevr I+�r Lfl+ 1 Q�1t ,
<br /> ,. . , apre�m�ntdated .Iln 93 rW ty
<br />���''� • '�r � �n the oripMal principal amount of S 35.000.0�! , and any end aIi modifications,extonsions and renewals
<br />-.;�r , • ,,i�;�r'• th�r�of or thereto and eny and ail future advances and readvancea to Bo�rower(or any of them if more than one)hereunder
<br /> ���;�;;;,,,:. purwani W one or more proml�sory notes or credit apraementa(herein ca�led"Note");(b)the payment of other aums advanced by _
<br /> y�Y, . l.�nder tv protect the security oi the Note;(a)the pertormance of ail covenants and ayreementa of Truator a�t torth he�ein;and(d)��1
<br /> �'' p�essnt and future Indebtadness and obiipations ot Bo►ro�rer(or any of them i}more than one)to Lender whether direcQ IndireCt, _
<br />":;�.'. ' - � ebsotuta or contlnpent and whether arlsinp by note,puaranry,overdrait or otherwlae.The Note,this Deed of Truet and any and a0 �
<br /> �-`�' otl�erdoCUentsth�tsecuro the Note or otherwlse executed in connectlonlherewith,includinp without IImi4►tfonqwranlMS,sscurity
<br /> " '�' ` pproemenu and a�eiDnmenb ot leases and rents,shall be reterred to htttefn as the"Loan Instrumsnts".
<br /> �,� 7rustor coventnts and apreea with Lender as fo�iowa:
<br /> r r � 1.Pa�M of indtbt�dnq�.A�I indebtedness secured hereby shall be patd when due.
<br />� + • 2.TNM.T�uttor is the owner of the Properry,hes the riqht and autnority to convey the Property,and warrants thet the(len
<br /> ,� • crsated hereby is a tirst end prlor�len on the Property,except for liens and encumbrancea set torth by Truator In wrltlnp and -
<br /> '' � de�ivervd to Lander before executfon of this Oeed oi Trust.and tha execut�on and deHvery of;hfa Deed of Trust doet not vfoiata any
<br />°� i ' ' ` contract or other oblipation to which Truator fs aubject.
<br /> �i �� 3.Tax�s�AsMSSm�nb.To pAy betore delinquency ait texea,speclat assessments and all othar charfles a�alnst the Property _
<br /> _ now a heresfter Ievied.
<br /> . � � 4, Insuranc�.To keep the Property insured Apalnst damage by iire,hazards includad within the term'extended coverape",and
<br /> ''� such olher hazArda aa Lender may requfre,in amounts end with companies acceptable to Lender,naming Lender aa en additionai
<br />- �� named insured,with lo�s payabie to the Lender,in case ot toas under such policies,the Lender Ia authorized to adjust collect and
<br /> ,�: � ' �`'' comprorrdle,all cl�ims thereunder and shali have the option of app�yfng all or part of the inaurance procoeds(i)to any indebtednesa
<br /> ;,. � seCUrsd hKeby and in such order as lender may determine,(ii)to the T►ustor to be used tor the repafr or restoration of the Property
<br />-" or(tii)tor any other purpose or objec:t sadafactory to Lender�rlthout aflectlny the�ien of tMs Oeed of Truat for the full emount secured -
<br /> � h�reby b�fore auch payment ever took place.Any appticatlon of proceeda to Indebtedness sholi not extond or postpone t1w due
<br /> _:. .;r - daM of any paym�nb undar the Note,or cure any default tfiereunder or hereunder.
<br /> ' b. Etcrow.Upon writt�n demand by Lender,Truttor shali pay to Lender,in such manner as�ender may de�lpnate,suMlcient
<br /> �' �'� ..��..�...�.����.�.........N....�u..nw,..i�u nn�n.�nn��nf fi��lnilnwinm(N al�taY�a wa�wmwnfa nnd ethwr rhiroaa aaain=t `
<br /> .��. ` -- 0::�..�......,............�....�r..,..�.....,^--...-----..__...•-.--....- - --• � ..- - --•------ -
<br /> 1, • tM Property.(iq the premlums on the property fnsurance�eqWred hereunder,and pif)the premiumt on any mortpape insuranc�
<br /> _ � � rpuind by Lender.
<br /> . 1 ',�, 6.MaNiMn���.R�paks and CanpN�nC�with Laws.Trustor shall keep the Property In pood condition and repufr,sha�l
<br /> � „� � . prompdy npatr,or r�piace�ny improvement which may be damaped or dsstroyed;shatl not commit or permit any wasts or
<br /> � .. dNKioration of tM Property;�hal�not remove,demolish or�ubstantlally alter any ot the Impro+emanb on the Property;thali not
<br /> �.���,, , commit,sufler or p�►mlt�ny�ct to be done in or upon the Property in vloletlon of any law,ordinance,or regulsUon;and shall pay and
<br /> �,;�:. . prompqy ditch�ry�at Trustor'a cott�nd�xpenae all Iiens,ancumbranc��and charQss levi�d,impowd or usoes�d aqafntt th�
<br /> ��f .. Prop�rry or any p�rt tMr�of.
<br /> . �..:`yy_:;,� �� 7.EnYn��f Danain.Und�r is honby asstpned all compensation,awards,damepes and other p�yments or re8ef(herein�Rer
<br /> "Proc»di'�in conn�cdon with cond�mnatton or other t�king of the Nroperty or part ihKeot,or for conv�yance In Ifeu ot condemn�-
<br /> �� � tlon.Lend�r sh�it b�onUd�d at its option to commence,appear in and pro�ecute fn Its own name any actlon or procNdinp�,and
<br /> _ ,-�„�, ' shalt alw b��ntltNd to mak�any compromtte or settlement In connectlon wfth such takinp or d�mapw In tM�wnt my poRion of
<br /> -.- ' " � - MCiiN�Mrr�neulwrMO�MIMv10.N
<br /> , 0 itM MMMiW�Ml d C�w�MM Trwt M/fN�Awcw�n.lnaMt NMrWu
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