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<br /> OEED taF'�RU81'Wf4H FlfTllR�ADMAPlCE� ► ,n ���
<br /> —
<br /> • "��'�� THIa L�6ES3 CF TRIJST,la mad��s ot the 7��day of ���r ` ����Y����
<br /> �::�:.1,..�_i:.'�.r�7�, �
<br /> _ i - U�!T�uftOT.�.__._J• C't1L"L"�D�,�OL"RM�1�kM�Ri 1!e �11!lL�C�CI J.. 1�R1lYhatl�ilL"i llt�. DIlSdOY Y C17L"X�M'!�
<br /> Hu,ebauk� erid Wf.le� � a�� ,�n �rn xw .�1i�.ldoc.�d�l���—�oin"Tru�or:'wh�hK oni a nwn�
<br /> whose mdiinp liddr�t 1�_G ..�—
<br /> o�,rrm::.�a�.. irrat Rhwrp+ }};��►� — -- �—�—�.
<br /> tite TruGtga� � - _ ° --– .
<br /> whos�malUnp eddras is P 0�x G39. Shelfi.ort� :�iB 69876 (hsr�in"Tru�'�.�tPd
<br /> :'s
<br /> Me BeneHai�ry. Fi�t 3tat �n1e �
<br /> whose maUinp addreas is p O Hox 639. Shelton� NB 68876 (hsnin"L�nder�.
<br /> �� FOR VAWABLE CONSIDERATION.Inoludinp I.�endera axtenslon of cradN identtfled herein to �Y I• �r� ���
<br /> z� ' .
<br /> i .�•� ' 3haron J. �en (he�eln"8orrowe�',whether ona or mor�)end the trutt hKNn or�Nd,
<br /> 'rft..;r.:.a:�;:�6s�.
<br /> 'M1,�,�,,;;��,ti,�,� the receip!ot wNlch Is hereby acknoK.�tedpad.Truator heroby Irre�oaabiy grenb,tranatera,conveytand assl�ns to 7rutta�.1 i
<br /> �,�y :�,;� - TRU8T,WITHPOWEROFSALE.torthebenefltandsec�►ItyotLender,underandaubjeattothetermaendcondiUonsherotnattwaet
<br /> y-,�w� • fottlt.the retl propsrty,deuaribed ae fallowa
<br /> �y .`n;'ll.�l�'�- .
<br /> 5�::,1_`��:._ ...
<br /> ��=�'.s,``.•.,::`'.: All of Lot 14 an�A the West � of Lot 13. neazt°s Subaiv3.sian, gall �ts�tyr t3e��ska.
<br /> �:'f,:l'��;_a:k"�6���"a"
<br /> ' , ,,,.,,_ ` Topether with aIi buildlnea,improvements,flxturea,streetd,alleye,paasapswaye,easementa.riphts,pdvileyes and appur�a-
<br /> .�'"''� '`�;�, +�"���- nances located thereon or in anywlse pertelMnp thereto.and 1he rent�.isaues and proNts.reveretons�nd remaindsn tl►ereof.ted
<br /> aueb peraonat properry that is att�sohed to the improvementa eo as to constitute a flxture,inciudlnp.but aot Ilmtted to,heatinp and
<br /> � w cooltna ea�utpme�and topether with the homestead or maritat Int�reste,ii any,whlah Interests are heraby�eleased and walved;al!
<br /> e
<br /> o!which,inciudinp�eD18�menta and addi8onathereto,fe hereby dectared to be a paR of the real eshte securod by the Ilen o1 this
<br /> • • " Oeed of Trost end aIi of Me tore�otng being refeRed to her�ln ae th0"Prope►tyr".
<br /> „ „ Thta Ooad of T�ust shall seoure(e)the payment of the princ!pal eum and EMereat evidenced by a promisaory nots ar ere�R
<br /> .. ., agreement dated �'= t. 7� 199�4 —. .hevlRg a maturlry date of "°^-°*"}76r t . t q
<br /> .
<br /> in the odgtnal principal amount of S *5fl��'�* , and any and ail modiflaationa,�xtenstona and renewata
<br /> , . thereof o�thereW and any and ali tuture advances and nadvartcma to Bonower(or eny of them 8 moro than one)hereunder
<br /> " pureaaM to one or more promiasory notea or credit agreements(herefn called"Note'�;(b)the paymam of cther sums a�vanced by
<br /> � Lenderto protect the�ecudty of the Note;(a)the pertormanrs o}all covenaMe end agreemente of T►uetor eettorth herein;�and(d)ail
<br /> ----_ . preaeM and tuture indebtednesa and oblieations of Borcower(or any ot them!f more than ona)to Lendor whethe►dire�Indiract,
<br /> ' ebaolute or canUngent and whether arialnp by note,guaranty,overdraR or otherwtse.The Note,thls Oesd o}Tiwt and any artd ui�
<br /> " otherdocuerrtathat aecurethe Noteor otherwiseexeauted In connoodon Merewith,inatuding without Ilmtffitlon guarantees,seaurity
<br /> eg�eements and assignmenta of leasea and rents,shall be�efer�ed to herein as the"Loan Doaumenhs".
<br /> Trustor covenanta and agrees with Lender es to�iov+ra
<br /> 1.Paym�nt of lndsbbdnas.All indebtednesa seoured hereby ehalt be paid when due.
<br /> 2.TlMa.Truator fa the owner of the PropeAy.hae the right and authoriry to aonvey the P�operry,a�d war►a�ts that the Qen
<br /> • areated hereby ie a 8ret and prior Ilen on the Property.except tor Ilens and enaumbrencea set fath by Truato�In wntlnp and
<br /> delivered to Lender before executlon ot this Deed of Trust,and the oxeouUon and delivery of this Deedot Truat doe�not vlolate any
<br /> �� � contrs►ct ar other obllgeUon to which T�ustor la eubject
<br /> � � 3.Taxa.�ss�um�nb.To pay before dellnquenay aU Lexes,apeafal asaessmenta and aD other chargea againat the Property '
<br /> � - now or hareaiter�evled. ��
<br /> 4.Insunnw.To keep the Property Insurad apainst damage by flre,hezards(natuded withln the term"extended coverage".artd
<br /> such other hezards es Lender may requlre,!n emounts and with aompanies acceptable to Lender.naming Lender as an addiUonat �
<br /> namod Inaured,with toss payab�e to the Lender.in case ot toss under such po�iolea,the Lender ia autlrorized to adJuat,aoilect and l,
<br /> eompromiae,all ctaims thereunder and ehall have the optien of appiying all or panof the insurance praceedsp)to any indebtednens
<br /> �� secured hereby and In such order ea Lender may determine,(ii)to the Trustorto be used tor the repatror�satoraUon otthe Proporty '�;�.
<br /> ' • or(iii)tor any other purpose or object satlsfaatory to Lenderwithout attectf�g the lien of this Oeed of Tniattforthe tull amount ceoured
<br /> '� hereby before such payment ever took p►ace.Any applicatlon ot proceeda to indebtednesa shalt not extend or postpone the due �� .'
<br /> date of any paymertla under the Note.or cure any detsutt thereunder or hereunder. '
<br /> 5.Escrow.Upon w►Itten demand by Lender,Truator ehail pay to Lender,in euch manner as Lender may designete.sufflctent
<br /> �� sums to enabte Lender to pay as they become due one or more of the tollowing:(i)a�l taxes,aesessmenta and other charges�galnst
<br /> the Property,pij the premiums on the property Insurance requlred hereunder, and(iil)the premiuma on any mottgage insurance
<br /> required by Lender.
<br /> ` � � 8.Matnt�nan�,R�patea and Comp�lance wkh Lavn. Trustor ahalt keep the Properly in good condltion and repai�shall
<br /> _ { � promptly napafr,or reptece any Improvement which may be damaged or desVOyed;ahail not canmit or permit erry waate or
<br /> dQtedoratlon ot the Property;shalt not remove,demollah a subatantlalty alter eny of the ImprovemeMa on the Property:eha�i not
<br /> commit,sutfer or permit any act to be done in or upon the PropeAy in vioiatlon ot eny law,ordlnance.or regulsUon;and ehaU pay and .
<br /> ' prompUy disaharge at TruetoPs cost and expense all Ilene, encumbrances and charges levled,impoaed or asseased against the
<br /> Property or any paK thereof.
<br /> • 7.Emin�nt Danatn.Lender ia hereby asslgned al�compensatlon,awarda.damages and other paymenta or reliet(herelnafter
<br /> "Proceeds'�In connectlon with condemnatlon or othertaking ofthe Property or pan thereot.or to�corneyence in Ileu otcondemna-
<br /> don.Lender shall be endUed at ite option to commence,appear In and p�oaecute In Ita own name am aatlon or proeeedings,and
<br /> ' shatl eiso be enUtled to make any compromise or sstdement in conneaHon with such taking or damage.ln the ever�t any pottion ot
<br /> �;� the Property is so ffiken or damaged.lender ehatt have the optlo�,ln it�sote and absolute disaretion,to epply ait suah Proceede,
<br /> after deductln�therefrom a�i costs and expenses incuned by Itln connecUon with such Proceeda,upon any indebtedness secured
<br /> �J�l�
<br /> � he�eby and in such order as Lender may cfetermin�,Ot to eppry ait suao rroceeos,arte�suvn aaduco6n8,w a�o iww�a������w�o
<br /> �� Property upon suah condlUons as Lender may determine.My apPlicaUon oi Proceeds to indebtednessehall not extend or postpone
<br /> ; Me due dete of any payments under the Note,or cure any detauit thereunder or hereunder.Any unepplied tunds she�l be paid to
<br /> ; T►uator. �
<br /> 8.PsAoananc�bb L�nda.ilpon the occurrence ot an Event oi Oefeult hereunder,or It any act Ig taken or Iegal prxeeding �
<br /> �� commenced which matedaliy aNects Lender's interest i�the Properiy,Lender may In Its own dlacrotion,butwithout obUgaUon to do i
<br /> i so,and without natice to or demand upon Trustor and wHhout reteasing Trustor trom any obligatinn,do any act which Truetor has
<br /> apteed but faiis to do and mey also do any other act It deems necessery to protect the securiy hereot. Trustor sha�l,Immediately !
<br /> � � upon demartd thereto�by Lender,pay to Lender all costa and expenses inouned and eums expendedby lender in conneotlon with ;
<br /> the exerciae by Le�der ot the forepoing rights,together wlth fnterestMereon et the detault rate providad in the Note,which shail be
<br /> added to the i�debtedness seaured hereby.Lender aheil not incur any Ilabl�lty beaeuse oi anything It may do or omlt to do �
<br /> �, , hereunder. .
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