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<br /> �A,. . .. , ACKNOWLEDGEMENT OF D4HD OP TRUST ,��:-:�°
<br /> _:::��_
<br /> � '�� 1` TRUSTOR RH11D THIS BEFORE SIONIN(3:
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<br /> i'..•• �ru�tor underotande thst tha document that Truator is about to execute ia a Oeed ol Tru�t and not e mortflape and tha/the power
<br /> . !��'r. ol sals p�ovid�d lor In the Oaed of Truat provides aubstantfally diNerent Nphta and abll�etlons to Trostor than a moApaye in the event ' -"�.'���,�:;.�
<br /> � � � 01 a defsult or breacA of ohllpatlpn under the Daed ol Truaf.includlnp,but not I�rnlled to,the Lender'a ri�pht to have the P►operty eold _
<br /> • ' , � by th� Trustee without eny�udiclal proceediny.Truslor repre and w�nants thot thl�oaknowl p�me waf exocutad by �
<br /> Trurtor before fhe execution of the Deed ol Trwt �� '�` � � `�'��'j�`
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<br /> ' i! � ' . PA I CK THOMAS 0" , . ' '`�� ;
<br /> �' � �� '' �! � .
<br /> �- 0A�yVt� R. MEY RS 7rustor
<br /> ► ' ' p�G�GU7� ,�'/y1,�y��'�..�'
<br /> � ' DEED OF TRUST WITH FUTURE i�OVANCEB
<br /> �� THIS DEED OF TRUST,Is made as of the � 5 t hday o1 Auc�u s t � ,199�by and amonp
<br /> 3.
<br /> ' the 7rustor,�ATRICK THOIWI� 0!BOYLE. s ing I e_�erson___ _ ___ ___--. ' '
<br /> ' �011 813�i1AIC10D p�,�_GI'a� �sl��688�81ey0,�$rustor."whether one or more),
<br /> • whoae mAllinp address�s """"`-"-
<br /> � :,.,�,-.
<br /> the 7ruatee, Five P�u�nts 8ani�,1 a NeQ�rasUca Corporat ion __ . � � � �
<br /> � whose madiny address is_Q.Q._�Y t sn� ��� �sO� PE 688Q2 �herein"Trustee'7.and �
<br /> � :4, :�:
<br /> ,
<br /> � the Ben6ifadry. .—Fi�� D"i13tS�1k -- �
<br /> ,: �; whose mail�ny address is p•0. Box 150� Grand Islend, PE 68802-1507 __�herein"Lendar").
<br /> 1. �. . , .�'y
<br /> fOR VAI.UABLE CONSIDERATION,includiny Lender's extens�on o1 cred�t�dentifled here�n to ; , � ' j,�� -
<br /> � .
<br /> '�;i, ;.
<br /> .PAIR-LtK-71iaNA5 O�SAYLE Ihera�n�'Barrower", whether one or more)and the trust herein created, �� � ' � 3 '
<br /> . ,:;,;, .
<br /> �. the receipt ol wh�c� Is hereby acknowledged. Trustor hereby frrevocably grants, transfers,conveys and assigns to Trustee. IN �
<br /> • . f; TRUST,WITH PO�YER OF SALE,for the benelit and aecuriry oi Lenda�,under and aubject to Ihe terms end condlibns herelnatter set ' . ' . ..
<br /> � �^ torth.the real property,aescnbed as iollows: � .... - �
<br /> ' '
<br /> LOT N 1 NE(9). BLOCK FOUR�N), BRENIW�OD SUBD I V I S I ON I N TNE C I TY OF C(tfY�D I SIJND. ; ' �:. .. .��,
<br /> � HAU_ COUYIY� I�RE►SIW . ' '�':
<br /> ; '��'��.
<br /> ,��, Togethor wlth all bufldings,improvem�nts, I�x tures, slreets.alleys,passageways,easements, nghts,privdeges and appurte- ,
<br /> � nenCes localetl thereon or m enywise pertairnng Ihereto,ano tne rents,issues ana protils.revers�ons ano remainaers[nereot,and
<br /> such personal properly that is attached to the improvements so as to const�lute e iixtute.mcludmg,but not limded to,heating and
<br /> coolmg equfpment;end together with the homestead or mantai�nterests,il any,wf..ch mteresls are hereby released and waived,all
<br /> ol whlch,Includfng replacements and add�tions thereto,�s hereby tleclared to be a pa►t o1 the raal eslate secured by the Uen ol lhla '
<br /> � Deed ol Trust and all of the loregoing bemg referred to herein as the "Property"
<br /> . This Deed of Trust shell secure la)the p�yment ol the pnncipal sum and Interest ev�denced by a prom�ssory note or C►edlt
<br /> ! ayreement dated �st .l�th. _1991 , havmg a matur�ty dale ol SC�L�!'�t- 1998 ,
<br /> + m the orlglnal pnncipal amount of y�$,ppD.DIl- .- - . .antl any and all modifications,oxtensions and renewals
<br /> thereof or thereto and any and all luture advarces flnd readvances to Borrower �or any ol them�f more than one) hereunder
<br /> pursuant to one or more promfssory notes or cred�t agreements�herein cailed "Note"),Ib1 tne payment ot other suma advanced by
<br /> Lender to protect the securlty ol the Note:(c`the perlormance ol nll coven�nts bncf agreemenls ol Trusto�set lorth herein,and(d)alt
<br /> � , present and luture indebtednes�and obligat�ons of Borrower�or any ol them�1 mo►e than one,to Lende�whether d�rect,mdireCt.
<br /> , ebsolute or Cont�ngent end whether ansmg Dy note.guar�nty,overdra�ll o� othe•wise The Note,this Deed of Trust and any and all
<br /> other docuents that secure the Note or olherwise eReculed in connechon therawdh.�ncluding wdhout hm�tahon guarantees,secunry
<br /> ayreements end ass�gnments ol leases and rents,shall be rafe�red to he�e��as Ine"Loen Instruments".
<br /> ' , , � Trustor covenants and agrees with Lender as 1ollows
<br /> 1. Pi1yrtlMt 011ndlbladfl6�f.All indebtpdne9s�aCUred herNby sh�ll be pa�d wh�n due•
<br /> 2. Ti11f.TruStor�s the owner Of Ihe Prope�ty. has Ihe��y�t anC authonty to convey the Property,and warrants thal lhe hen
<br /> created hereby is a hrst and prior hen on the P�ope�ty. exce�V 1cr I�ens a�•d e�uumb�.inces set �orth by Trustor m wnUng and
<br /> delivered to Lender before execution al this Deed d�Trust.and the exeCUt�on and dNl�very ol this�eed ol irust does,iot v�olate any
<br /> ' COMraCt or other obligation to which Trustor�; subie�t
<br /> 3. Tsxes,Assesfm�Ms.To pay be�e�e tlei���;�e�cy all ta�e5.SpNC��I.issessmenls,ind atl other cha�ges a�a�nst the Prope►ty
<br /> nOw or hereaNer levletl
<br /> 4 InlilfYDC@.TO keep the P,p4.Er�.� ,r...:r�;'t�y�i�n.td.�n,.�.���t �In�� r��i:a�4s�ni:lu�led�r,r•,,� O�r te�rrn exte•nded co�eratif�_ b�C
<br /> SUi:t.O1��E•hazards as Lende' r��y rE•q�.,i. .� ,�•�.�..�:tn.�nJ��t�'.�,_��.{ ,u��i��..i��i•{.'.�:�� '. .�•�t1r�i n,in�n�,�L�•ndi�r,15,fr,dtl�J.Cna'
<br /> + � named msured,wlth loss payaGie to Ine Lentle� i'•�ase o�ioss under such Fu�::�es-t•�e.e�cfer is authonzed to ad{ust,collect and
<br /> comyromise,all cla�m5lhe�QU�tlo�e�d shall ha��e t�e :pUUn ol appiy�ng a! :•;..a":�'i'r�'•s�•�nce proceeds DI to any�ndebtedness
<br /> � secured hereby aT���9U�`'0'CE"a5 Lender mdy tl e't rnune.(u)!c thi•7ru5"r�� :r..SBu�O�1hN�BuAi�O�IQSIOIaI�Ofl O�1F�0 PfGF@!1}I
<br /> r�r(��,i 1a�any othpr p�•pose o�o��ec'aat�sfaclory W Lendei w t�o•,t allec��ny Ir�•,p• c�In„G�red ol lrust 1or th�lull amo..:^'secured
<br /> he•�BOy C81ore Such pa�mprr!e��e� I�ok place Any appi�c.�•r o• c•�c.eeds to �ndebledne;>5hall not t�atend o�pC�::'�'^e d�e
<br /> • da'P a'a^y payments under Ihe Note.or cure any del.wit r•:•e.�dr• u� he��eundar
<br /> L C.w u. I lnnm m�Nnn.IemonN h..I on.lnr T.��crnr cna ,r.��,r.. 1 on�is�� �n curh m.�nnw.�e I a-+n�1�rt itiAV dnS�U'.l:iF. ?i,`hGHhl
<br /> � sums to enable Lender to pay as tney become due��ne u�mn���ul;he tcuow�ny ��1 au taxes assessme��ts dnd Cther Gr.7r�tS�1tJJ�r151
<br /> � th@ PrOperty.(u)thC arem�ums on the proparty �nsu�:��+ci��rqw�ed hereu��tler. ,�n,i��ul Ihe prrm�ums u��Jnr mortgage insur�nce
<br /> � required by Lender
<br /> � 6 MalM�nanc�,Rapalrs and Compllance wlth Laws. Trusto� shan ke�p tn�� Propf�ny�n yood �und�UO� a�d •epa�r, shau
<br /> promptly repafr, or replece any Improvement wh,�h m��• be dam�ged or destroyed. shall not c.omm�t or �;e�r � �ny waste ur
<br /> deter!o•�!+^^nf�hn O.n�arf� ohtill nnl.n...n.,a �Pn+nl..•M n..•..ti��1�n1�-iin •..,...1��.......�.n..��mn��c..���n P•nnorf�. ah�ll f10�
<br /> � ' commit,suHer o►perm.t any act to be done in or u��un the Prop�rty in��oldhUn Of dny laW.o�d�n,ince ��r reyu4itwn �nd sliall pay and
<br /> promptly d�scharge at Trustor'S coSt and expense ail liens.encumbran�ps 3nd ch�rge5 le��ed.�mppged or.�ssessed against the
<br /> � ' Property or any part Ihereol
<br /> 1
<br /> '� I 7 Emlmnt DomaM,Lender�s he�eby ass�gned ail��Tprnsahon.awards,damages and othr•payments or�e'e'•here�natte�
<br /> !' "Proceeds")m connecbon wdh condemnation or other tak..�g otlhe F'roperty or part thtreo�.ur Iw�:onvt�var';;e�n he��'Co�demna-
<br /> �� j t�On Lender She�l be enUtled at ds opUOn to commence.appear in and prosecute�n�IS own name.iny act�o��u�p�oCeed�ngs and
<br /> �� I Sha11813o bB @nt�tled 10 make any compromisC or settlBmenl in cOnnect�on wifh Such 13king or d3m,ige i��th@ eve��t any port�on of
<br /> i �
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