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<br /> ttt�teesl�t o!wh(CA is hereby eCit�ISitiv�Gd{{�tLr.►vatpr heteLy trrevCeaDly BrurltP„'R►�ntstpts..cottvBy�D e�83s1grt8 to Tntsteta M!
<br /> - TRU5T.V1�17H�i�4UEA O�SAl.�tor:tllR9ftrrt�titstttl8ecuritYotLendsr.tmdersnd 9ub{s6it�tho tt►rmStarid�ottdltlonS hereinAft83•86t
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<br /> - °�:;��F��~ Addi�an to the City ofr� Granci�� 93l�nd, and part o�'; {at�tt�d� Be$$ �8r�ec3t,. vacated by -
<br /> ' �D�rdie��r��e No. 4932 0� 4he .� �� of Grand Isi�nd. Hei�rasic�, b�te�g the East _.
<br /> ��'-'� " ��i`e:�i�#v (2S) f�et o� 4he Ndi�h One ltua�dred Twen#y i24) g�e� a� safd �eta .
<br /> �r" ` ..� d�acen� to a�d 1 in South fra the Soath �i�E o�r ��venLit (ttth) St� �,F __
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<br /> . �3� : - "�ta(�'�t¢dtt[ere�tf:a.�r�€+�±n11w►se�pertaintngtPtersto.-andtha-renm.-iasuesand�i�fi�,teversteneartd#+3�r+alnderaEtteneo��nd� y `,r:� _
<br /> .<1°�y' i r'�;, 5,' g�st��tfsanal propertj�.tis�fa atmct�ed to the improvements eo as W conatlMe.�ffriure�.induding,b�t nptqttitted t0.hesUng and
<br /> , ' ,.. •.r, r, .. - �;,,'�}ii�age�4u(pmer�end��$e�erwftt►.#�e homeateab or matital Interes�.H aay.vr�it�tr�terests are hereby raNaa�ier3�d watved;s11 ' 4 � _
<br /> �f whfoh;inctudtnQ repfacemen�t 2?t�t�ddition8thereto.te hereby declared to bA a paai of tqe�eat estate seR�'[9p tholten oi Mts
<br /> , .�'`'}� ,�p e e d o t�r u s t e n d a p o t s h e ro r e g c t t s g:p e t n g r e f e r r�e t o rt e r a t n a s tF�e°R ro pe r t�:' : � � -
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<br /> ��f This Deed ot Truet shall secure(a)the paymR�lf;of,the Principal sum and t a i t�i s�t Q v l de i�c e a J by a P��ory n a t e o r c r e d i t �• r� � ,��.
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<br /> `;; `���� ",•. �agreement Eated �nr1 29. t 99� ,havtng a meturEC�f�a of M�„1S•�-.�Q�` �`-'•,: . � �r�:•.....,;....•
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<br /> - ' '. :.s����`,':;.: • in tP�a�gj'iii�.principat amount oi�:;�.tla.4��...0.� 8� �� Q � . `���_
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<br /> , • � ��i;�`�,,:�,. , thereut�r,tt56ret�and any artd al!t�hlra-advancea and readva�aq�`t+o;Bono �(or any afi tdtc�+H mor�4t�.n,en���ii�i . '''•'
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<br /> . :f,•.�;: ,. . �_� pisreuant�oneormot�.$,ramiasory�a:�orcreditaareements(he�etncatted."t�1 7;.tb1��P��t��!�'��edYeai�1ry. , , : ?;; . ;. ,
<br /> r{''t;.,:". `�`� �� ,'�� , �;tsndertaprotecltfte��.iliiyctttie�i¢3�t(c)�hapedarmanceofailcovenenta�sela�tqsments4tTroa2orsEtituifi!�erein;snd(d)al! .� -
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<br /> '',�':ti�,v:.�r;�' rs>p ', -. p�nt andfuwre inde�Ok�ess aa¢ad�ligattons ot.6oROwer(ot any at them li�r�dnr�tii�cn$�ta Lender u��aits�t dlrect.(ndirect' ' •• ,
<br /> t'�'.':; ;�i::�." '�It�fi;,`r'�,`s`. • , �ge�ule.or conUrtgent and whetRertici�g by nota guaranty.overdraR or othemy:�.rae 1LcfE�4�tis Deed afi;7tust end any and ffiI �� ,�;• �' _
<br /> -.-.'.�::;-, :+:"�.; ��� f�y,i,r.a�.. sptsecur8the9VeTw�athetwiseaxecutedinconnectiontiierewith:lridudtn��+�i1(autlimimttanguarantees.securi�► : ,,..�,✓' � ' -
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<br /> � , :. ;:_,.z s<�����f�. , . �is artA essi rtments of tea�s end rents.shatl bs reterred to herein es the"Loan C�tcrstnents. .
<br /> ?� �; � , �t3ust�r covenan�and agrees K's'�lender as foilo�� • ' ."
<br /> :�, �,�:�. :. "�� 1.�nYmtnt a!ln6shi�dmsss.Ail(ndebtedness sscured hereby shatl be paJtL trhan due. '�• . � ' _ _-
<br /> ; , ` r;�.'� • 2.Tftt�Tiustor Is the owner of the Property.haa the right art�authority ta carvey the Proparty.aad ret��ffi that the tien ;4c;.. , � ;:-i;;�:��_
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<br /> ., ,��,;,. ' creat�d hereby is a flrst an0 prtor It�on ths Property,excspt for liens and errcumbrances set foRh by'{i�;�n�yrt2iag and �i`r',,., ,.,.„t,�,;,�y,��--
<br /> ' ,�-�'��j""%�' detivera�laoLenderbetoreexecutieRCiE�isOeedoiTiust.andthesxc�utionanddeUveryotMisDeedoftncsie_,��rQtviatst�ar� -. `, � .. 5����f'`f,F"Y;`_
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<br /> ; �;�.?�{;:u;;,•• contractarather obllgaUon W wltt�t.Trustor is aub}ect • ; f ; ,
<br /> _ ;.,•�;••�- 3:•1C�a,Afss�f�ntu.tiQ.TO�a��dc�a detinquency aII tane�,�ect�1 asgassments and atl other charges.a}�kt.cs�itii�ttt�p�iq , �;;_.; ',F':,;�t�#' ><, : R
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<br /> ��:',{i`: • , now or hereafter te�ried' � '. , . , .. � "'•-
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<br /> ,�;. r, .�;. .; :'� ,;:,. `' 4. tnsaranes.Tokee�r�eR���ri�suredagainatdamagebyi;se,.i�a�i7fsinc�udedw(thintheterm°axte;r¢�Ocaveraga,and ,j, ,. , ,.,�.,_ �„
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<br /> � . •.;�;�;�::��,• such other hazatds as Lender m2}¢i?�uirt�In amounta artd with car,pFaiiss a,�c�s�ibfe to Lender.naming Lsstader as an edd(Uonal . 's,�'�: ; , s , �
<br /> ; '����,��* :. named insured with loss payable ta tls��.endar.fn case of toss urr�Fa;rch pd�ictes,the Lender ia authorized to adjust coitect and �y,r���' �_
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<br /> � , . ,,..+�s.,��,���, compromise,ali cta(ms thereundo►art�'�ha11 have the option of apptyi��Il or paR olthe insurance proceeds(i)toany irtdeb2edneas • -1 ,•��t.}1;-r�� ,;���
<br /> securod here and in auch order as ti�nQer ma determi�e,(ii�t��e Trustor to be used tor tho repair or restsraUon of the Praperry �. �� .�,,������,F,:_.._,'�-=�
<br /> . ' " orpt�foranyo�therpurpoaeorobjectsatisiactorytol.enderwithoutaffectingthetienofthi�CeedatTrusttorthetullamountsecufed �� 4`='�'� ' ,.:,,�.,.J�
<br /> � - �• '' ' horeby betore sucfi payment ever took place.Any appflcaUar�of proceeds to indebiedness ahail not extert��s�rivasuaone tha due • '���`�:�. . :�....
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<br /> rt,,1. date o!any paymenb undsr the Note.or cure any dafauit therounder or hereunder. �,�; .
<br /> ., '�' � :,�I;c`,, . 5.Ccero�r.Upon written demand by Lender.Trostor ahatt p�y!tb Lender.ln sucb mannenaa Lender may►.d���Z sufflctent r �'t , .;:�
<br /> `� .��,"' " '•.1��;�=:;'t!.,�...' sumst�oarf.abteLendsrWpayastheytiecomeAueoneormoreot��eibtlowing:(i)alltexe9,assessmentsandGthe�d�as�3galnat , ��.��!�:}'�<�3
<br /> , ;.;cr,`• 1;��j�;:�,�}� •�� the P�pa��y.(i�1he premiums an 4hs propetty lnsurance requir�cf tsereurtder,end pii)the premiuma on any crtoct�gaget�ss�irance �" ;'{•�'�
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<br /> �:� f�t,,.' , , .1. . reqaini@ t�y I.ender. � ` . ::
<br /> _. , ;•; :.;y;:, �� 6.AAalnt�n�rt�.ti'aRaira and Comp�taece w1tA Law�.TNStor sha0 heep ti�e Property In good cond�tion�nd�epair,sha11 �;
<br /> ,-f ;�,,;,��,;: ::� aromor�revai�,or r�ySace any improvement which may be OEmaSed or dc�uyed;shai!no!commit or permit any wast9 or � v.
<br /> � �'�'`���' �' detertc�an o41he Property;shai!rtot remove,damolisb or sub,��ty etter Srry of tha impr4vemerrts on th�Propert�:•t�all not � ;
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<br /> � cOmmita�tterorpermitanyacttabed�nelnoruponthePropertyinutolationofanytaw,ortlinance,orreguTattoa;andsh�.lp�},+.and � •
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<br /> ptompUy dlachargg at Trustar'�ca�ana expense eli Itens,encumbrances and cnarges teviwi,.impased ar assessed e�fis�fhe :�,,+j' ;;: � • .
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<br /> Properry ar any paA ffiaroat � ' � �����. -
<br /> •'�` ' 7.F�nfn�nt Damrter,f.�rrcf��i$hereby assigned aH compensatton,awards,damages and other payme�ar retEef(t1erelnafter � � , • _.,.:f•;'
<br /> � � "Proceeds'�Inconneesfacr+�lrteoa�demnatlonorotl�ertakingotth�ProAenYa►Parttheraot,orforconveyancslnii�otcar�demna- ' •'.: �..,°'''
<br /> �.ti :; � tlon.Lender shaN be en��ea a.t�4s a�an to commence eppear In and prosecute in i1s ovrn name any actton or proc��ir�s.and � ;•��j;`:��;,. .:�:•.,jy:;.
<br /> z •` shall atso be enUtted to m2ica arr3e cempromise or s9ritement in connactlon wtth such taktng or damagv.tn the e�ent anr an�t�i of •.,;
<br /> . �. the Property is so taken n�d�imaged,Lender shall have the optlon.in Its sote and absotute discreUon.to appty ail sud�t�mea�Qa � • .. ,
<br /> � ' � afterdeQactlngther4fr+omafl eastsana exponse9lneurred by it in eonneeNnn with sueh Proeeeda.upon any indebtedna�,.�sar�srsd ` �,.
<br /> ,i'; ?+. ,. , hereby end in suci�a�res Lender m3y determine,or to appty all such Ptaceeds,after such deducUans,to the restoraUon ot the � '
<br /> •±:' �:!1, P�oparty upon such c��dttlonsas LenQermay determirte.Any apAficeNon of Pwceeds to indebis6neas shatt not extend a pos�one ; .,, ,
<br /> ` ;� the duo Qate of any p�ymertta under the Note,or cure a�y defautt thereundet or hereun�er.My unapptied tu�ds ahall he patd to ; •
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<br /> ���i'•'�` 8.I��rclamftltte��6�ttd�t.Upon the occunence oi en Event of Oeteutt hereundar.ur�Narry act is taken or[egal procseding i� ;
<br /> •F'��� ��� ��" `� comme�e�d wnto�m�r�atty aftecm�er�de�a�nterest In che Proyerty,LertQer may in im own discreUon,bul withaut obttgaUon to do '
<br /> • ti� . •• • .. . • so.end�►f9�out notia�tn or demand upon Tivator and wlthout releaaing Trustor irom any obligatlon,do any se1 whtcA Trustar has '
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<br /> ':�'� , . agreed but faRo tD do and may atao Qo any other ect it deems neeessary to protect the security hereol T�ustor ehall.lmmediatety �
<br /> ' � �.:. : upan dert�8nd tlterefar 0y Lender.pay m L�erfGeraii Co3ffi andoxpenses incurted and sum9expended by I.endeNn connecUon with ,:
<br /> • � • , � .� the exaroise�yy tender ot the Mragoing rightq,tagether wNh iMerest thoreon at the dofauN�ate provided in the Note.which aha110e ; '
<br /> '•� ' � ' edded to the indabtedness seautad i�ereby.Lender shail npt tncur any liabitit�r bccause oi anylhing It msy ao o�omit to Qo � � . '
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