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<br /> pEED t#F TittJST WITH FUTURE ADVANGES
<br /> THig�E�D OF'fRUST,l�m�ds as o!the Oi�t �iy� Ss��• _______,�,tg_��by�nd artECap
<br /> ��T��y�p� L�v�rn,lt 'T�nn�t► i Jota� A TAorwr► , hu�b�nd_�nd riti ,
<br /> �'i1S 10 �tb Bt firu�d I�l�nd „ 1M,�'i8803"��10 ,
<br /> whoN mel�inp adana Is (hKNn Trusta. wMlt�otw or moh�
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<br /> ths B�rnRat�ry�
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<br /> wbo�mati�np addra�t� �is N. Bro�de�ll t3r�ad I�land, �. 68802-1307 �hKein°��ndsr9.
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<br /> FOR VAWABLE CONSIDERATION,Inotudlnp Lender'a�xtemlon ot arodtt IdenUNed hmrufn to
<br /> i do�s A Tlfows�n (hsrein"Bonower",whether one er more)and the trud hereln ereetesl,
<br /> the recefpt ot whlah b hereby acknowtedped,Trustor hereby Irrevooabty prante,trnnsfers.aonveya and uslpm to 7rutte�.IN
<br /> TRU8T,WITH POWER OF SALE,to►the beneilt�nd seaurity of Lender.under and eubJeat to ths term�artd aondltlom heretn�itsr sst
<br /> fO�4���;����i78 ADDITIOM TO TNS CITY OF tiRAND ISLAIID• llALl.
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<br /> Top�thx w(th a0 bulldina�.improveme�ta,flxWres.etreeta.alieys,paaaaQeways,easements,rl�hb,privileQas and appurte-
<br /> '' �ances located thereon or In anywlee permining thereto,and the rents,isaues and proflte,�everelona and�emalnders Msroot,and
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<br /> • �,,.,,,,,�� such peraonat properry thnt ia attaehed to the improvements eo as to conatltute a flxturo,inetudirtQ,but not Iimlted to.hea�np and
<br /> �.��.'�'"•►,�',"'� coolinp equlAmenQ snd taQether with the homeatead or maritat Interesta,!t any,whtch intereab are hereby released nnd waived;ail
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<br /> ,�,�:,...:,;,:,..,,;;"��, of whieh,Inotudinp replacementa artd addiNene thereto.ie hereby deetared to be e psn o}the real eatate�ecured by ths Ilen oi this
<br /> .��,�'Y:%..•.;'.t. ,,,�.; Osed of Truat and sIi of the forepalnp being retened to hereln as the"Properly".
<br /> {`'•��;"' , , ", Thla Deed of Ytuat shaii seaure(e)the payment of the prinaipal eum end Intereat evideneed by a promisaory note or oredit
<br /> S�pt�sb�r i�t 199s Sapt�sb�r iStb 1999
<br /> �,'.... .....:. .:. . a�r8orr�s::i da� .lsa�ing a mesudty slets ot .
<br /> �• ' 13,000.OU
<br /> in the oripinat pdnaipai amouM oi s ,and any ahd ali modNioaUona,extenalone and�enewais
<br /> � thereof or thereto and any srtd a�l future advancea and readvancea to Borrower(or any ot them if more than one)herourtder
<br /> �. .'�.:,,, . �, pursuant to one ar more promisaory notes or credit agreementa(herein called"Note'�;(0)the payment of other suma advancsd by r
<br /> � • Lander to protectthe aeeuriq►o!the Note;(c)tha pertormanca of all covenante and agreementa o!T►uator aet forth heretn;and(d)aN
<br /> proaent and fuWro indebtedrtesa and oblipations of Borrcwer(or any ot them If more than one)to Lender whether direat,Indireot, ;
<br /> ° absotute ar contlnpent and wAether ariaing by note,guarenty,ovenJratt o•otfierwise.The Note,thta Oeed ot T�uat end any and eli �A:�
<br /> ••�';�,.r• � � other dxuerna that aeoure the Note�or otherwiae exeauted in eonneotion therewith,including without Iimiffiqon guarantees,seeurity +
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<br /> • � � eg►eemente and aaaignmenta o f leaees an d rente.e hn l!b e re ferr e d to here ln as t he"Losn Doeuments". �,•''�,�
<br /> �••• ��. • � ��> Tniator covenarrie and agreea with Lender aa toliowe:
<br /> - 1, P�yn�rtt o1 IMkbtrdn�ai.Alt indebtedness secured hereby ahetl be pald when due. ,
<br /> �� ' 2.Titl�.Truetor la the owner oi the Prope►ty,has the right and authority to convey the P�operry,end wananta that the lien
<br /> ...,�;`,:' �' created hereby la e tlret and prtor Ilen on the Property,except for tiens and encumb►anaes eet torth by Trustor in wHting and ,
<br /> �-t,�.>,:;- . delfvered to Lender betoreexecuUon of this Oeed of Trust and the�xeautlan and deNveryof thls Deed of Trustdoes notviolate any
<br /> ,, .�=+•- � contreat or otQeer obilgation to whtch Trustor Is subJeet
<br /> � 3. Tixu.Aa�nb.To pay betoro deAnquenay all texea,apeclai asaessments and alt other charges agetnat the Properiy
<br /> �'='�� ""' now or hereatter levied.
<br /> '�',•;���; 4. In�wtne�.Tokeepthe Property insured against damage by flre,hasards inotuded within the term"extended coverage",and
<br /> ��:�;: •• such oU�er heza►ds es Lender may require,in amounffi and with aompanfes acceptable to lender,namtng Lender as an additlonel
<br /> named Inaured.with�oas payAbla to the Lender.In caae ot toas under suah poifclea,the Lender is authoriied to adJusR colioat end
<br /> �� compromise,all cielma thereunder and shall have the opUon of applying all or pan of the inaurance proceeds p)to any Indebtedrtess
<br /> "�j,.� aeaured hereby and in such order as Lender mey determine,(11)to the Trustor to be uaed tor the repairnr restoradon of the Prcperty
<br /> or(iff)tor any other purpose or obJect eaUetactory to Lender whhout aitecting the Ilen of this Deed of Trust for the tuli amount secured
<br /> ` hereby betore such payment ever took place.Any appNcaUon of proceede W indebtedness shali not extend or postpone the due
<br /> :�"�" date oi uny payments under the Note,or cure any detault thereunder or hereunder. �.
<br /> ����;�°:. ° 5. Escrow.Upon written demand by Lender.Trustor shall pay to lender,in auch manner As Lender may designate,aulflctent i.�. �°
<br /> �'�� {. suma to enable Lender to pay as they become due one or more of the tollowing:p�al I taxes,assessmenta and other charges against 't.;.;:
<br /> the Property,(ti)the premtums on the p�operry Insurance requfred hereun der,an d(f i q f he prem iums on any mo rt g a g e i n s u r a n c e
<br /> �, �:e required by Lertder. �
<br /> f �•'��-"� 8. Mainbnanu,Rwp�ira and Compltsnc� with Lsw�.trustor ahaU keep the Properly in good conditlon and repair,shatl
<br /> +I prompUy repalr,or replace any Improvement whloh may be damaged or destroyed; ehal� not commft or permit any waste or
<br /> —�?��=�— --- delsrlor�tton o!th::PropFxty;shall not ramovo,tlemotlsh or substantlally altor any o!the tmprovements on the PropoRy;ehall not
<br /> ; '. comml�sutfer or permR any act to be done in or upan the Property In vtoiatlon of any Iaw.ordf nance,or reguiadon;and shaii pay and
<br /> �� prompify d�eaha�pe at Truetot's cost and expense all Itene,encumbrances and aharges levied,imposed or essessed against the .
<br /> . Properiy or any paR thereof.
<br /> •�:�' 7. �nin�nt Oom�in.Lender is hereby aselgned ail compeneadon,awarda,dameges end other paymenta or re�let(hereinafter
<br /> ` "Proceeda'�in con�ection with condemnaUon or other tsking of the Property or part thereof,or for conveyance In Ileu of condemna-
<br /> t tlon.Lender ahall be enUded at its option to commence,eppear in and prosecute in its own name any actlon or proceedings,and
<br /> • ahell aiso ba entltled to make any compromise or settlement tn connectlon with such teking or damaqe.tn the eveM eny portlon ot
<br /> es
<br /> the Property is so teken or damaped,Lender ahatl have the option,in Its eole and absoluto discretlon,to appty all such Proceede, �
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<br /> �' hereby and In suoh order as Ldnder may determine,or to epp�y ail such Proceeda atter such deductlona,to the reatoreUon of the �
<br /> . Property upon suah condiUons as Lender maydetermine.Any appllcaUon of Proceeds to Indebtednesa shall not extertd or postpone �
<br /> ttte due date of eny paymente urtder the Note,or cure any defeult thereunder or hereunder.Any unapplled funds eha�l be paid to
<br /> Tntator.
<br /> ' 8. P�rtonnanc�by L�mlK.Upon the ocounence of an Evont of OetauR hereunder,or it eny acS ta taken or Iegai proaeeding I
<br /> . . , commenced which mate►ielly etteete Lender's Inte►eat i�the Property.Lender may in its own disoretion,but without obllgatlon to do
<br /> • eo,and withoat nottce W or demand upon Truator and wlthout�eleasing Trustor from any obiipaUon,do dny act whlah T�ustor has �.
<br /> apreed but tafts b do and mey also do any oU►er aat It deema eeceasary to proteat the aeaurlty hereot Trustor shatt,ImmedtRtety � �
<br /> „ . upon demand theretor by Lender,pay to Lender all coaW and expenaea Incurred and suma expended by Lender in conneatlon wNh �
<br /> • the 0xerc{se by lender of the toregoing rights,to�ether with interest thereon at the deiauft rate provided U Me Note,�+rhich ehall be :
<br /> added to the indebtedneaa secured hereby.Lender sha�i no!incu�any iiablifry beaause ot anything tt may do nr omlt to do �
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