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<br /> ' QEED OF TliUBT MOITH F�JTUR�ADVAN�EB
<br /> THI9 Q�ED OF TflU�T.le ms�d�a�ct Me 3Ath �y a Au9• .1p, 94 qy���
<br /> �TNp�� Todd AnthonY Yeralank 1� K�iLyn Ra� V�rpia�►k . hu�b�nd and ri E� . �
<br /> S�7 6 21th 6t Graad I�l�nd It� �3813
<br /> WhstM eMNlnp ad�i1N i� ._ (IN►Mn"7'�uMDt. oM CK n�aN�
<br /> tfw Tiu�. �iv� Pafn4e B+�k. � i�Qbr�i:� Corp�k�8in�
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<br /> w���������� P.0. BQx is!? t3rand I�land, ME 68�Z ���„r�,��
<br /> ����� Fiv� Point� 8ank �
<br /> w����`����� Z01S A. 8soadr�ll Grand Ialar►d. �iE. 688�2-YSY� ��n„��
<br /> FOR VALUAdLF CONSiDERATION,inctudin�L�der'a sRknsbn ot crodR td�ntltNd Mnin toodd AAtAony Y�spl�nfc
<br /> i K�ilyn R�� V�rplank (heroin"eo�owK".w�Nhsr oos or mory u�d tt►�bvu hevNn cn�NQ
<br /> th�receipt of which Is hereby aaknawledpsd.Truator hereby trcavocably�nnb,tnmh»,convsya and aai�n�b TruMN,M!
<br /> TRU9T.WITH POWER OF SALE.for ths b�neflt 8rtd�ecurity of Lsred�►.undK artd au�J�t to th�tKms ond condiHons twrNn�lMr�N
<br /> �a°���� ����}�����Y�D�R��USSfiL MHE6l.ER'S ADDITIOti 7'0 7'}lfi CITY
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<br /> : ,, ^�`,•,: ,:'-�;� TopMhe►with atl buildinp0.lmprovements.ilxturos,�treet�,atieya,pae�a�swa�w.easemenb.nphls,Prlvtt�es and wppurl�-
<br /> w. ..:,.`:.�:. ;" �.� oances located thareon or in anywiae pertaining thereto,and the�errte,laauss and proflts.�evarolons and remalr,ders 1hKao1.and
<br /> .` .�,�.��;, �� sucb psmonat propeAy that is attaahed to the improvemerns eo aa to constlWte e flxtu%irtcludirp.but not timited�o.heatlnp end
<br /> • r� : � cooilnp oqulpmer�and tafpetber with the homeatead or ma�itallMereate,if any,whtch Intereafs aro hereby ro�eassd�nd wahred:all
<br /> ��` "�'��'�'�:�`.;�;;;�:�K of whtch,tn�ludUp replacsments an d a d d i tlond t here to.is her e by d e c la ro d M b e a pa R o f t he r e a l e a t a t e s s c u r m d b�l t h�l i s n o f t h l s
<br /> '�� Deed ot Trust ar�d a�t of the forepolnp befng reterred to herein es the"Proporl�".
<br /> ,.,��=:_ '.,.,::;.;�.:
<br /> , �� '�;; This Oeed ot Trust shalt eecuro(a)the payment of the principal sum and intereat evtdenced by a promtssory nae a crodit
<br /> . � ��� Au9uet 10th 199�1 .l�.s!g s�ty��t Augue� Stb 1999 . _.-
<br /> ��_-�.r�..,. � -..,.. . , � --_
<br /> •�r • (n the oripinal principal amourn of s 2g•912.60
<br /> ,and any and eit modiNcaUons.extenatons and renewels
<br /> ' � thereo!or theroto and any and ali tuture advances a�d readvances to Bonower(or eny ot them it more than ons)henunder
<br /> ' purouant to one or more promiaaory notea or credit agreemente(heretn called"Note'�:(b)the payment of otheR ssima adranoad by
<br /> � � Lender to proteat the eecurity of the Note;(o)the performance of al I cavenants and a�reementa of Tniator aet torth herefn;and(d)aQ
<br /> �� . prea�►t and fuWro fndebtedneas and oblipatlona ot Borrower(or eny of them it more than one)to Lender whether diroct Indireot,
<br /> � abaotute or cornlnpeM and whether ariaing by note,guaranty,ove►drett or otherwiae.The Note,thia Deed ot Truat nnd any artd aQ
<br /> •'` "r� : otherdocuentslhateeeurelheNoteorotheMriaeeneautedlnconnecUontherewlth,inc�udlnpwlthoutlfmitadonguarantee�.aeeurity
<br /> ..f. ., ag►eanenta and aaaignmente of leases and rente,sha�t be reterred to herein ea tfoe"Loan Oocumenis".
<br /> . .. ; Trustor covertams and apreea w(th Lende►aa bltowa:
<br /> 1. PayrtlNtt d I�IdrbNdn�a.All indebted�esa e6eured here0y shall be patd when duo.
<br /> ' ; 2.TNN.Troator ia the owner ot the Property. has the HgM and authority to convey the P�operly,and warrante that tl�e lien
<br /> . ereated hereby is a 8rst artd prior Iten on the Properiy,except ta Ifons and encumbrances set fodh tiy Truator in writinp and
<br /> . delivered to lsnde�before execuUon ot thta Deed ot T�uat artd the ezeauUon and deltvery ot thta Deed of Truat doee notvlolate any
<br /> � . contract or other oblipation to whiah Truator is subject �;,
<br /> • 3. TazN,Awan�b.To pay betore delinauency all faxes.special essessmenta artd all other chargea e�afnst the Properiy
<br /> . . ` � now or hereafter Ievfed. '•�
<br /> ° �. Inwrane�.To keep the Property insured agminst damage by 8re,hazards ineiuded wlthtn the tetm"exEended covere�e".and
<br /> � such ott�er hezanla as Lender may requlre,In amounts and with companies accept�ble W Lender.namtng Lender aa an additlonat `�•
<br /> � named Inaured,with loss payabte to the Lender.In case of�oss under such poltrstea,the Lender is autfioriaed to adjuet.col�eot and
<br /> compromlae.all otalms thereunder and shali have the opUon of apptyi�g ali or part ot the insurance proceeds(�to any indebtedrtesa
<br /> � secured hereby and in auah order aa Lender mey determine,pl)to Me Truator to be usE+d for the repalr or reataratlon of the Prope�iy
<br /> �.+;� � � or(i!q tor any ather puryose or abjeat eatlafactory to Lender without affeotlng the Ifen o}this Oeed ot Truat tor the tuli amnunt secured
<br /> hereby before euch payment ever took place.My applicatlon of proceeda to Indebtedness shail not extend or postpone the due
<br /> ' :;'•:' date of anr payments urtder the Note,or aure any default thereunder or hereunder.
<br /> ��;;:� _ 8. Esctow.Upon wr8ten demand by Lender,Truster shait pay to Lender,in such menner as Lender may deslgnata suftiolent
<br /> � � ' suma to enab�e Lender to pay es they bacome due one or more of the fol lowing:(i)a�i texea,assessmenta and other cha►ges against
<br /> • ' the Properiy.pi)the premiums on the property Insurance required hereunder,and(Iii)the premiuma on any moRgage irtaurance
<br /> ' ' ' requtred by Lender.
<br /> 8. M�in�.R�pain and Compllenc�with Lawa.Truator shall keep the PrqpeRy In good Conditton and ropair,shall
<br /> �. „ � prompUy repair,cr rep�sce any Improvement which may be damaged or destroyed;ahalt not commft or permit eny weate or
<br /> deterloraUon of the Property:shalt not remove.demolleh or subsSantially aiter any of the Improvements on the Properly;ahall not
<br /> comml�auiter or permft atty aot to ba done tn or upon the Property!n vlolaUon ot any law,ordtnance.or regulaUon;and shall pay and
<br /> ,. promptty d(echarge at Trustor's coat and expense aU�lens,encumbrartce9 and charges tevled.imposed or assessed agslnat the
<br /> ' Property or any paR thereot �
<br /> •} 7. Emtn�nt Ootn�N.Lertder is hereby assigned ali�,ompensstlon,awarda,damages and other payments or relief(hereinattef ;
<br /> '� , °Proceeda'�in conneaUon wlth condemnaUon orother takirtg of the Property or pan thereof,or tor conveyance in Iteu of condemne- i
<br /> � . tton.Lender shail be enttUed at ite option to commence,eppear i�and prosecute In ita own name any aCtlon or proCeedir�gs,and �
<br /> � •'' ' ehall alao be er�ttUed to make any compromlae or setttement in connecdon with such taking or damage.ln the eveM any portton of �
<br /> !' � the Properly ia eo taken or damaged,Lender shatl have Me optlon,fn its aote and absolute disaretton,to apply all such Proceeds, I
<br /> ��y.�. - - �t1 ww.�.awd er�nneee 1MUrrcA Av N In�nnrurflnn�Ifh e�tn.h Arefrmeln uenn IIrtv iftdohtCdnGm e�•��� `
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<br /> �� , hereb�►and tn such order as lender mey deter*nfne,or to appty aIi such Proceeda,aiter auch deductlons,to the restorn�on o!the
<br /> Properiy upon auch condNlons es Lender may debermina Any applicatton of Proceeda to indeb2edrtess shalt rtot extend or postpone ,
<br /> � the due dete of any paymenta urtder the Note.or cure any dofauit thereunder or hereunder.Any unappiied tunds shall be patd to
<br /> . Tntstor.
<br /> 8. PKtonn�na�y�dK.Upon the occurrence of an Event ot Oetautt hereurtder,or if any act�a taken or tegal proceeding ,
<br /> • commenced whict�mateNally aitect�Lender's ieterest in the Propedy.Lender may io its own dtscretton,but wiU�out obttgatlon to do ,
<br /> so.and without natice W or demand upon Trustor and without reteaaing Truator irom eny obligaUon,do any aat whtch Truator has
<br /> apreed but taila to do artd may alao do any other aot it deema necesaary to proteat the securlty hereof.Truator shall.immedfately
<br /> upon demand therator by Lertder.pay to Lenderail costs and expenaea incurced and sums expended by Lender fn connecticn with
<br /> � the exerciae by Lender of the toregoing Nghte,together wlth Intereat thereon at the dsteu�t rete provtded in the Note,whleh ehall be
<br /> added to the indebtedrtess secured hereby. Lertder shalt not i�cu�r any tiability because of anything It may do or omit to do
<br /> " hereunder.
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