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<br /> - __�z,;��:�;;�:��.� FOR VAtd�ABL�COI�&tDERA7[Ol'�Includ�re8le�de�s extafl�fan a4 credI3[darriifi�d htmeia� -� -, .•. :. . , : . __-_------
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<br /> �4 �'�'. �x� ��_(h�rein"Borrovtira�°:w7�eUtar one or rtaaro��amt tha liust dareti�c�6atiyfl,�`�.. _
<br /> ; ,���_;:._:y ...:::�t �te neceip3 od whteA ts heseby ecknowlBd$eQ.Trustot hereby Ir�os�C�CP.gsFmi�f�t►sfete,corn8ys�mi 9a�$��W,�iut�e�,GS1 _
<br /> f TRUSTW[iHRaWFAOFSA6�tarth6benefitandsec�ityofi,onQEtT.urtdeta�ssa�bJsct�t{tatermsandCraFlif�sYi+hAtf+�A.!tef8e! �` •� `--
<br /> - ' ; .� -ti"�.'.,:._.". �'�Q,��'���� J�HN�INSOD SUBD�VISEOA� Ili TlIE CI7Y (IF�tiElfiYlA . : . '�"°f -
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<br />$,� ..� CocIIngequipmen�srtdt+ogetharwfththeha�dormarittflllenterests�i4�#nY..wht�hfntsrestSareh�riaSNie�easedan;9�. ,: , „�;,�a _.��
<br />��"�'`• �: � afwhtch.incdudtngreplacemen�andadd�ttorts�t�ereto.tshere�ydeaf�+dtameapartoithareal�st�ec��e�(a�P.tt1A,�pit6i�_;;'� �
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<br />�;.,�• • , '•.. . Qe�af Tnist and 81!mi ttte foregofig 6eing reSe�reO to Aerela,ae tt�e"Psapett� _ ;v. -"�.' -__— _-
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<br />=fi�'�- � -- ��; °°°.�:� . �"iAfa Deed of Tivat sha11 aecure(a)the pe�r�t oi tha prfncipal sum and irnerest evtd�nced by a promtssor��t0"�i�i:�i:;'�:; ----�.���:'
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<br /> � � ' egreement da�ad liarch 25th 1399 ; ; hAVing a maqu(ty data of Septewban 21st 1394� `�;`�� � r°s
<br /> ?@,`��Q0.60 ' . . :.:,, �• ..,.: �� .���t;�' " ;
<br /> - • s . � . �n tl�luiginal prtndpal amount of�, an��rry..a+t��f2'rttodtt�ca�n�extens�ons antt cenewato�'_ i�, �:,,�,,• ,:
<br /> _..: ," . ..:°,_��.;�• ..::_.:� :, ,�t theteto.and atry and°elt,tiature edvances ant!resdvpnc�ta-Borrower(ds:�rY;"a3•thEm i1 more than orte�'i��reunder,.., .?., �_
<br /> 'i , ' ptu�s;ua�t7oaneormorepromissoiynot�sor.cred'rtagreermset�(1�areU►a�tt3d°No2e'�:(b)theP��nfoloN�e►sumsadv3ncedD�r • , .;.
<br />�� �` � iltt.a�itt?`�proLect�ttasacuBryoitheNot�(o)thppA�farm�ncsofr�IlGaYenai�iandagreementsofTrushyrs�:l�orFfiheretn;and(�a1!'',` �; .. s ' ,'
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<br /> �, : ! ".. :{u�+�8nd tuNrat(pdebtedness and obtEr�8ltotts:di Borrawet(oraity of.fhSns�f more than one)to Lertde¢v¢l�ather direCt,inQirflc�."�: i ,��:
<br />-:'r,';' ; ,. :. , : °'. � •���i�e or ' � en ari b .h�tfe.9utuar�iy�overdraft or otherwise.The Diate.thls Oe�!9��Trust arM!8ny anA&�i';:. .', i s ai 4r�
<br /> 3 conUngert d whatfier �ing y
<br /> .:;:i;:`'�:.` ' cifA�rdi�cuentsthatsecuretheNtrGaosot�oiwissexec�pdit��nnectiontherewith.includingwiYttuutlitn"�SOngua�ecs4ia�ts:�eeutity°• � ,i.. '',i�<.;''' �'
<br /> � . - - agrf�it[�enta and asslgnmont8 of I�a and reitts.sh�f!�a xeterred to herein as the"Lo�n Docurteents". , >%} :�:':���%{�';��
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<br /> : .. Tfustor covenar►�atM agree:a w;Sh l,sndm as tot� . �:
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<br /> . � .' ' t.Psymfnt d Udebbdnesa�W�inAobt�4oss sc3cared heretiy sha116a pa[d when due. . � ,'. ° ' '�' '►
<br /> . " 2 THIe.Trustor ts the ownar of the RropEri�;h�s ttio�gM artd euthodty to convay the P�operty,and warranta that the Ilen ��r`�
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<br /> - created hereby is e flrat 8nd prtor lien an 1riE�Rrope�ty,�,Axcept for liens and encumbrances set torth by Trustor in writlng and �'`'���'•�����
<br /> � . w���.
<br /> ' � � ' delivered to Lender betore e�oersu�u�of thts Oee�of Tnit���a�the execution and detivery ot trit�Dsed ot Trust does notvtotate erry � -,: r,��.�� �.. °
<br /> ,• • � cantraci or otttst obfigaSOn tti iKtit�iT:'rttutstor ts suyj�� - .
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<br /> . 8.Ta�ns.Atsasm�ttta.Ta;�say-b�ar�deltriqusnary,afM Kazes,special assessments 2arst ad1 oiher charges against the Property ;'`:
<br /> ' �ow or hereafter tevted. .. ` � �. ":�,?';;,a ; ;�::' `
<br /> . : •. .• '�, . . .. -.'.,.;,•,. i°�. ..'9:,.,s
<br /> .�{ � • •� . �, ;� 4.tntutartc�Talc�eepthaP�ap'arty+lrtsuiezii3gzinstdamagebyfire.h�mtd�inatudedwithlntttetetm"ext�ndedcovorage".and , �.; . ':;".:',':�-•-:..,°,�i:i„;r
<br /> such other hazards a3 Lendac may reqnire,lr�a.`r,ounts,and with compantc�a�eptabte tc Lender,namtng Lender as an additfona!' t '. �!� ,k�
<br /> �� �s��.• ' � narnc�tnsured,wtth�oss p�ye�b:b W tts�tr�ndar.tb[ase oti loss under sucti paiictesr the Lender is etithorized to ssllusR Fo(tect and ' +'' r�'�;�,
<br /> � � . conr ',}u�.is�allctaimsfA�reutr��aan�ahalih�vaUn�uq�ki�nafePDhliagallorpaROftheinsuranceproceeda(�toanyir�dness `'„r?,rt�'
<br /> - @6citft:rl:kterebyandinsu�Flor�etc��t�3nder�t►ty�Qt�tri'cha.pi)totheTrustortobeusedfortherepairor�estoradonafdrmsroperty � .' -. �,,,cr��;���
<br />- �'.: ,.:_ � � . or�iil}�tsienyotherpurposeof�;8c^s&t�if3CG+TyntOUenderwithoutatfectingthelienofthi&OeedolTrusttorthetullamountseCUred , � +�.••�� :��;,��;;.
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<br /> - '��• heteb 6efore ouch 1ri�ver�tO�Sa �ka.-OsYr�.apAticaUon ot proceeds to indebtedness shall not e�Rend or postpone the duo "'"�`���
<br />_ Y PaYmo lot �. ���,+f�;:E
<br /> . � . -� • � date of any paymonb unQor tfr9 N�ar�cuv��ny detautt thereunder or hereunder. .. ,.��.:�vn���
<br /> .�• 5.Eacro�.Upon wtii�n d�and dY�tJ3nd�r,Trustor shall pay to Lender,in such manner as Lender may designate,suNiclent ���. � �-•'�,+>�''
<br />- � '��'l"'Ay` aurnstoertab�eLendeitopay�4flt�tbacomedueoneormoreollhefollowing:{qatthdxes.assessmentsan0othercharaesag�nst :�,;r�:�;;` � � .
<br /> '� "•«r!� �• ' ' the Piaperty.(ii)the premtums aa tlffa property Msurance required hereunder.and pii)ttre premlur►as on any moRgsge lnswanco .,�..,;"��,�,r;i;;��, •
<br /> ���'"�`t�y�.. , r ulred b Lender. ;;'::: ..
<br /> � . ' . • � B.Malnt�nanc��R�pat»and CompQ�nce with Laws. Truator shatl Peep the P�psRy in gao0 condltion end repalr,s�alt � .s:' �' ' :;,'ti;.-
<br /> ':� '� -,-,. promptly repalr.or replace any Improvameni which may de damaged cr destroyed;ahalt not commfl o�permi!any waste or .:4;''�:'
<br /> ' -. de2etloraUon oi the Propertyr,ehall not remove,demolish ar��:�nUally�Iter any ot the tmprovements on the Property.shap nol ;:.` � � �.�^}�-�.•-
<br /> � � . � comtni�suiferorpermitanyacttabedonelnoruponthePra�peth�invlolatlonotanylaw,oNtnance,orregulaUon;andshatlpttyand �'`:i�q,`:�•. '��. : .tty`...
<br /> . promplfy dlscharge at Tivatoracas!and expense aIl 11ena,artcr�mbrances end charges lev'red,imposed or eassssed againat the �����""�`�1; ' . �•� `.
<br /> •. , Propatftj or any part tttereol. . � '. ' � �
<br /> : . 7.F.min�nt Oomatn.Lendor{'s hereby assigned all compenaaUon,awarda�Qem�ges and other paymortts or re11o!(here(nafto1 •' �
<br /> .. �:..
<br /> �: "Prooeeds'�tn con�ecUon witt�condemnaUon or other�king of the Property or part thefeol,or tor conveyence(n(Ieu o!condemnft- � � . � ���•�
<br />� , k,� � _._ ._ .. t1on.LenQer sha11 be enUSed at its opttcn to commence,eppEar in and prosoCato in lts o�vn nama any acUon or proceeditrg9,end f , .
<br /> - , :.�r. shall atso be enUflod to make any compromise or aetttement ln connectloa wit�sacb talcing or damIIga tn tho event ar►y poNon ot �
<br /> the Property Ia so taken or damaged.l.ender shafl have tho opUOn.in Its sole and absolute discreUon,w avary a��aucn Praoeeas.
<br /> , afOerQeductingtt�ereframallcoatsandex�enaesincurredby(tlneonnecUonwitbsucbProceed�,uponanyirtaebtednes9secured �
<br /> _ ��''.�•�'`���'�`•.��,•,�.:' ° hereby and In sucb order as l+snder may Qetsrmine.or to appty atl such PraceeQa aft�►r auch deductlons.tv the rersDOraSton of tAo �
<br /> :I � � ' ` ProperryupansucAcondivonsasLerMormayaetermiae.Anyappll�iUOnotProcaedsWindebtadnessahallrtotexOendmposiporte i
<br /> �r. _ '� ' : , f. • tt�e due date o!arry paymenb under the Note.or cure any defauN thoreundor or horeunder.Arty unappfied fund�shall ba paid to • ,
<br /> '� , • • Yrus�or. �,
<br /> ' � :.. . .. �' .. 8.Pe(ormtnct by L*edu.Upon the occurrence o1 an Event of Oetault hereunder,or i1 any ect i9 taken or fegal proCEadirtg �
<br /> �i* .�� •- � - . commencedwhl�hmaterlaltyaNectslendePsinterestlnthaProperty,lendermsytnibar+ndiscreUon,bulwitl�outobnga8or+toao � ,
<br /> . _� -� - so end witnau!rtatke to or demand upon Trustar end without releasing Trustar irdm any obligatJon,do eny 8C1 whieh Trustor has '
<br /> � � ' - asreed Dut falt3to Qo and may efso doeny other 8ct it deems nacessary to proisct the secudty�oroof.Trustor shatl,fmmediatety !• : �•
<br /> • ` � upondemartdthoretorbyLender.paytoLenQerelleasisandexpon$esirteurredendaumsexpendeObyLendQNneanneetlanwitA j . .
<br /> � � • • th�ex�rclsebyLenderoltReforegoingrtghte.togetherwlthintereatthOreonatthoQe?auttrateprmrldeOlntheNoia.whichshallbti
<br />- � . ' adde0 to tA9 InQebtedness seceued �ereby. Lendar eha11 not incur Fu►y NaOiliry beaeuse of enything If iney do or omit to do � �
<br /> - . ' hereunda►. ', . .
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