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<br /> • • ' DE�D OP TR�J�T WIT�I FUTU�IE ADVANCEA i��`""���9
<br /> ._•x,r,r:,��;;ti.;�,._, Att .
<br /> • TH18 DEED OF'TRU�iY,is made ai of the ' �1i�1ay oi � .99—��y and amona
<br /> ths Trustor� �'i� Kol�n Brom 6 AZCHARD L. BROMN , hu�band and rii� �
<br /> � ' 17Z� $ Curti� Grand I�land It� 6�803-612"!
<br /> ' whots malllnp addres�Is (hrrNn"Tru�o►."wi+�on�or mor��
<br /> i:..y':,.1'`1;:...,..':2�.'�:
<br /> a�m,�. F��Q Po1�tio Flaniz. o aomPa�sm co�pornt���+
<br /> - � .
<br /> s.,� P.O. Box 1�7 Qrand I�land. 1[E 688i2 (haretn'7rut0»'?��nd
<br /> •I�:::':�"' ;:;.:,�',.' whose malilnpaddrensls
<br /> '�e;�.r.:'�i�.r:'�� Fiva Point� 8snk
<br /> �•�5.�,;_;.. r;:..•�,;� the 8eneflaiary. �
<br /> �,. ..�.. .
<br /> r:'''�??�`��'�'� `'' whoae mntting addroas(s 2�13 N. 8road�r�11 tiraad isluid• pR. G88�2-��! (�n"��,�.
<br /> - :,��
<br /> :�•��.. } ��,�..�,;. l�rio 14ai�n Brarr
<br /> •• ��':`"�:�';,�_''�`. FOR VAWABLE CONSIQERATION,Inoludinp Lendedi extenslon of oredk ideMlfled heretn to
<br /> . ,,� . .-t.:e.,��,,h
<br /> ,��•• �., . ,,;h� i RICHARD L. BRO11N �herelo"eorrower",whethar ons or more)and the trun hentn onated.
<br /> '`�"•' -' �� the reaeipt ot whioh ta hereby aaknowtedped.Trustor haroby ir►evooabiy�rant�,tramfera conveys nrrd as�tipn�to Truste��IN
<br /> ��;�_;�_�,`-,: ',',�t1" TRUST.WITHPOWEROF8Jl�,forthebenetltands0cu�ityofLender,underandsubjeattotheterrrieandaondltlonsheroinaftsrNt
<br /> «� .•� :._.�:�.,.� furth'LtF��r���r��b���°��°'A3r Piith t 3tA) S�abdivi�ion to th� Ci�y of tirand
<br /> -�:: :,. .. "•., �-:,�;._
<br /> . - i�sna� e�aa co,�ty. W.�..
<br /> . :L
<br /> �.�°:� `,•;
<br /> ;, � tir,••; Topether with all bulldings,improvements.flxturea,etreete.alteye,passapawaya,easemente,�Iphts,pHvlispee and eppur4-
<br /> ' nances located thereon or in anywlae pertaininp thereto.and th�rente,lasue�and profite,�everatone and remainden fhsreof.and,
<br /> � euch peraonal praperty that ta attached to the improvsmenffi so ae to consUtut�s Nxture,lnotudinp,but not Hmfted b,hssting and
<br /> ' ' aooling equtpmerik and together wHh the homestead or r�nariffiI intereate,it any,whiah intereats are hereby roleated and waived;Aq
<br /> � ot whiab,irtoludinp reptacements and addldona thereto.ta heroby deatared ta be a part of the reaf eatate eecured by tt�s Iisn o1 this
<br /> Deed of Trust and all ot the foregofnA being refe►red b here+in as the"Property'.
<br /> Thia Deed ot T►uat ehali seaure(a)the payment of the principal eum and Interest evidenced by a promtasory note or aredn
<br /> . a��a+arit dats� Auguet 31st 1994 ,Iwvlrts a matudty date of Sopt,�ieMrr 62te 1895 .
<br /> l0,820.°.i0
<br /> , , .. in the orlginal pdncipai amount of! ,and any and alt modlflcaUona,extenatona and renewals
<br /> ' thereof or thereto and any a�d�II future advances and readvances to Borrower(or any o!them It more than one)hereunder
<br /> pursuant to one or more promiesory notes or c�edR agreementa Ihereln csiled"IJote'7;(b)the payment oi other suma edvartcod by
<br /> � Lender to proteatthe seourlty ottheNote;(a)Me periormance ct att covenante and agreemente o!Trustor settorth herein;and(�ell
<br /> • prese�t and tuture indebtednesa and oblipadone of 8orrower(or any of them If more than one)to Lertder whether dlrecR indlreat,
<br /> " abaolute or continpeM and whether anstng by note.guaraMy,overdraR or otharwise.The tVote,thia Oeed ot Trust arM any and alt
<br /> � other docuer�ts thet eeourethe Noteor otherwiseexeoutad In conneallon therewith,inaiuding wlthout IImi�Uon quarantees,eecudty
<br /> . ag�eemente and ansignmente of tea�es and rente.ahalf be�eterred to hereln as the"Loan Oocuments".
<br /> Truator covenante artd agrses with Lende�ae totlowa
<br /> • 1. P�ym�nt ol led�bt�dn�.AII indebtednees seoured hereby shell be paid when due.
<br /> � 2. Tftt�.Truator ts the owner ot the PropeAy,has the right and euthonty to convay the Proparty,and war�anta that tho lien
<br /> created hereby la a flrst and priot Ilen on the Property.except tor Ilens and encumbrances set torth by Trustor in w�itinp and
<br /> ' deiivered to Len�er bebre exeoudon ot th�s Deed of Trust,and the execudon and deltvery of Mia Oeed ot Trust daee nat violnte any
<br /> . • conbacR or other obllgaUon to whict► Ttuetor is eubjeot -
<br /> . 3. Ti�xa,A�nssm�nb.To pay before delinquenay all taxea,apeata�assessmenta and atl othor charges againat the P�opeAy
<br /> now o�hereatter levled. :':
<br /> 4. Insura�c�.To lceep the P�aperty insured against damage by fire,hax8rds inctuded within theterm"extended coverage".and �•
<br /> such other hezaMs as Lsnder may require,In amourns and with companles acceptebte to Lendef.namfng Lendar as an addlUonat '��'M
<br /> ° • '. �" . named inaured.with Iosa payable to Me Lender.in case of Iose under suoh poilcies,the Lender Is authorfzed to adJust,collect and ,;=.
<br /> �'`t�� ���� ' comproenise,all ctaimsthereurtdar and shall havethe option otepptying all or pan of tt�e inauranee proceeds(q to any indebtedness .•,:
<br /> '�•��`:• ' secared hereby and in such order ea Lender may determine.(N►to the Trustor to be used for the repair or reatoraUon oi Me Property ;i�
<br /> � � or pll)tor any other purpose or object setlslaotoryto Lender without aNeaNng the ilen of thie Deed of Truat forffie tutl amouM aeaured
<br /> hereby before such peyment ever took piace. Any appticatlon of proceeds to irtdebtedness shalt not extend or poatpone the due
<br /> date o}any payments undor the Nota,or cure any detault thereunder ar hereunder.
<br /> 5. E.scrow.Upon written damand by Lender,Truator shall pay W Lender,in auch manner as Lender may designata,suNtctent
<br /> sumB to enaWe lender to pay as they become due ane or more of the to��owing:(I)ali taxea,essessmenta and other chargea against
<br /> � � the Properly,(If)the premlums on the property Insurance required hereunder,and(iil)the premiuma on any moRgage insurance .
<br /> . ' requlred by Lender.
<br /> " 8. lllalnbnanc�,Reptin and Compliane�wfth Law�. Truetor ahali keep tha Properry In good aondition and�epeir,sha8
<br /> ; pranpdy repair,or repiace any imp�ovement which may be damaged or destroyed;sha�l not oommit or permit any waeLe or
<br /> deterioradon of 1he Properly:ehali not remove,demolish or subatarrtialiy alter any of the improvemente on the Property;aha��not
<br /> commf�sutfer or permR any act to be done in or upon the Property in v1olallon of any 1aw,ordlnance,or regulaUon;and sha�t pay and
<br /> promptly dlsaherge at Trustor's coat and oxpense all tiens,encumbrancea and charges Ievied, Imposed or assessed agatnst the
<br /> PraperQr or any part thereof.
<br /> T. Entinmt Dornaln.Lender is hereby asslgned all compeneatlon,awards,dama9ea and other paymer►ffi or rellef(heretnatter
<br /> "Proceeds'7 in connecdon with oondemnatlon orother taking of the Property or partthereof,or tor conveyance in�leu of condemna-
<br /> Uon.Lender shaN be entlUed at Its option to commence.appea�in and prosecute in ita own name any acdon or proceedings,end
<br /> shall also be eMitled to make any compromise or settlement ln connecdon with such taktng or damage.ln the event any porHon of
<br /> �i the PropeAy Is so taken or damaged.Lender shali have the optfon,in ita sote and absoiute diacreUon,to apply ali such Proceeds,
<br /> _.....�...,u....ur.�.�.�.....att...w►c enA ornnnaaa IneurrAd bv it(n conneCtlOfl With BuCh PfOC88d8.UpOfl gfly Ifid8bt8dfl888 88CUf8d
<br /> T ' Ot\PrVYYti����NW�v�������.��.���..r�.....��...__ �
<br /> hereby and in such order ea Lender may determine,or to apply ail such Proceeda aiter such deducNona,to the restoraUon of ths
<br /> Property upon such condttlons a8 Lender mey determine.Any appUcadon of Prxeeda W indebtednass shall rtotextend or poatporte �
<br /> � the due date of any payments under the Note.or cure any defau�t thereunder or hereunder.Any uneppHed funds ahall be pafd to �
<br /> ,, Truator.
<br /> :'+•� • " 8. P�rtomnanca by L�nd�t.Upon the occurcen�e of an Event of Detau�t hereunder,or It any act fs taken or Iegai proceeding
<br /> 'i. commenced wt�lch mateHally aHects Lender's irMereat in ihe Property.Lender may In its own diecreNon,butwithout obligation to do ,
<br /> � so,end without noUce to or demand upon Trustor and wNhout roleasing Trustor from any ob�i�ation,do any aat which Trustor has
<br /> i apreed but fails to do and may atso�o any other act It deema necessary to protect the securlty hereot.Truator ehall,immedlately
<br /> yupon demand theretor by Lender,pay to Lender ai�coats and eRaenses inaurred and auma expended by Lender in connection with
<br /> r �� theexerciee by Lender ot the toregot�g rights.together wlth Interest theraon at Me detauit rate provided in the Note,which ahali be
<br /> i , added to the i�debtedness secured hereby. lender shelt not Irtcur any tlability because ot anything It may do or omtt to do :
<br /> a � hereunde�. �
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