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<br /> • ,"`�.� ' DEED OF TRUST W11'H Fl1TUF1�ADi/ANCE� i(9����+��
<br /> c�t�i.•.r-•.�..-P,ri..�r ��Q•
<br /> "' ' 4Hl6 DE�D OF TRU9T,ie made as of the.��L dey a1 - .1fl.��..by�nd amcqp
<br /> thsT�u�tor, �{����� o•T..r^��•R�-S�'�s.'- .Tn eeid�n . h�bsnd_��,��� ___..,�._.
<br /> �, whose mt�111n�add�e�s b 4315 lll�ahi�an Av� arand I�l�nd��Nn"Truifior�'�wTi�ioni a►mar�,
<br /> , � _
<br /> '��•�� �"" ulE�({Iit00 Wi v� rni n�� e�nti� - :Ic6rrn�n C��Do�cat*oe► -._,..
<br /> .,�.;�: ,�,:,°.,: - , P.O. 8ox 1SS7 araad I�land, ME 68802 (��n"Tru�,�nd
<br /> � ��„ ;.�r.{ whose mal�inp addreis la
<br /> j.'�'' •� � �'�`'`t�` the Beneflclary FivQ Points Bt�t►ic
<br /> . '
<br /> �8'_ . ; '''..�.� whose mallirtp addresa le 2015 !l. Sroadrell Or�nd I�land. N8. 68802-13�'! (herNn"t�tnd�y.
<br /> � =� . • .g 1liohavl Ray t�oldea
<br /> 'S"` � FOR VALUABLE CONSIDERATION,ina�udinp Lertders extenalon of c�edlt IdenUfled hemin to
<br /> ' ' ` 6 Teresa Jo (iolden (herain"Borcower",whether one or more)and tbe bwt herein or�Ltd�
<br /> �t �> �- � the recelpt ot wbich is hereby aaknowiedged,Trustor hereby(n�vacabty grante,tranatero,conveya and atalpnf to TrusUs.IN
<br /> ; � • �� TRUST,WITHPOWEROF3ALE,forthebenefltandeacurityofLender,unda►andsu4jecttothetermaandcortdlUonahe►tinalNrsst
<br /> ,4 , forth,the real property.deaoribed ae tollow�
<br /> � Lot Five t5). Hloak One 113 Jeak Voes SeBOnd SuDdivieion to tho City ot tiraad
<br /> . : ,r - -- I81&i�d► Holl County. HeDree�se.
<br /> �.;1i� �
<br /> i � � «, Together with ali buiidings,improvementa,Nxtures.streeta.aUeys.passageway&egsoments,�Iphts.privilepea and appurte-
<br /> ,:�„ � nancea tocated thereon or in anywise pertaining thereto,artd the rents.Isaues and praflts,reverelona and remainders tAsreof,and
<br /> ' " such personal properiy that is att�ched to the Improvements so as to conatiwte a tixture.fnctuding.but not Iimited to.heatlnp and
<br /> „ cooling equipmen�and together with the homestesd ar marital interests,If any,whioh interens are hereby releaaed and walved;atl
<br /> ot whlah,inatudfng replscementa and additions thareto,is hereby deolared to be e partof the reat esffite seoured by the Ilen o!this
<br /> Daed ot Trust and all�f the toregoing being referred to herein ea the"Pr+�pariy".
<br /> ' Thls Oeed of Trust shall secure(a)the payment ot the principai sum and interest evidenced by a promisaory note or oredit
<br /> -- -_ egr�ment�leted —aeot��ber 8th 1994 ,hsvinp a mawrity date ot SBPte�ber 18th 2801
<br /> —.
<br /> •, In fhe orlginaf principal emount of$ 32.000.00 and any and all modNications�extenatona and renewats
<br /> thereof or the►eto and any and all future advancea and readvances to Bonower(or anyof them ii more thars one)hereund�r
<br /> � pursuant to one or more promfsaory notes or credit agreements(herein ca�led"Note'�;ib)the paymer►t of oUter sums advanced by
<br /> �• ' Lender to proteot the seour(ty of the Note;(a)the pe�formance of all covenants and agreemenffi of Trustor aet fortb hereln;and(d)ail
<br /> � � pre�ent and tuture indebtednesa and abiiga�ons ot Borrower(or any of them it more than one)to Lender whether direat,indlroat.
<br /> absotute or contingent and whether ar:sing by note,guaranty,overdrak or otherwlse.The Note,thia Deed of Tniat and any and ail
<br /> otherdocuents that secure the Note or otherwiseexecuted fn connecdon therewith,Inoluding without IImNaUon guarnn4ees.aecurity
<br /> egreements and aesignments of leases and�ents,shall be referred to herein as the"Loun Documents".
<br /> Trustor covenants and agrees wiM Lender as foltowa
<br /> .. 1. P�ymN►t ot Ind�bt�dnns.AI�lndebtedness secured hereby ahall be pald when due.
<br /> •- � • 2. TIU�.Trustor is the owner of the Property.has the right and authorlry to convey the Property,and wanante that the Ilen
<br /> crested hereby is a Nret and prfor Ilen on the Property,except fa Ilens and encumbrances set torth by Truator in w�ittnp and
<br /> `� delivered to Lender betore exeouUon of this Oesd ot Trust,and th�execurion end deUvery of thla Oeed M Truat does not vtolata any
<br /> contraat or other obiigatlon to which Truator is aubJeCt.
<br /> 3. Taxas.Msasmmb.To pay betore detinquenoy all texes.apeclat assessmenta and all other eharges egafnat the Property
<br /> now or hereaiter levied.
<br /> 4. inwana�.To keep the Proparty tnsured agalnst damage bytire.hazerds inctuded within the term"extended coverape".and
<br /> • � ' auch other hazards as Lender may require,in amounts gnd with companies acceptabie to Lender,naming Lender as an additlonal
<br /> named inaurod.wttt►lose payable to the Lender.In case ot Ioss under such policiea,tho Lender is authorized to adjusR coUeot 8nd
<br /> - � compromfae,a11 ciaims thereunder and shalt have the opUon of applying alt or paR of the inaurance proceeds(t)to eny indebiedness
<br /> secured hereby and in sucN order as Lender may determine,(ii)to the Trustor to be used for the repairvr�estaraUon of the Property
<br /> . � or(iii)tor any other purpose or objeat satlafectoryto Lender without a(tectlng the Iten oithis Oead of Trustfor thefutl amount aeoured
<br /> ner�by before suah payment ever took plece.Any application o!proceeds to indebtedrtess aha�l not extend or poatpone the due
<br /> date of any payments under the Note.or cure any default thereunder or hereunder. -�
<br /> b. Eserow.Upon written demand by l.ender,Trustor ahail pay to Lender,in such manner as Lender may designate,sufficfent ��;
<br /> sums to enabte Lender to pay as they become due one or more ot the tollowing:(t)all texea,asse9sments and othe�charges againaR
<br /> the Properly,(II)the premiuma on the property insurance required hereunder,a.�d(ill)the premiuma on any mortgage inaurance
<br /> ' • reqvlred by Lender. �
<br /> 6. Matnbotrtc�� R�pairs arta Comptiartce with Laws. Trusta aheil keep the Properly in good condidon and repair,shall .�
<br /> • � •� prompUy repalr,or repiace any improvement which may be damaged or destroyed;shali �ot commit or permit any waate or n�. ,
<br /> deterioraUon o}the Property;shall not remove,demolish or au6stenUaily aiter any oi the improvemerns on the PropeAy:ehali�ot
<br /> . commit,suifer or permitany actta be done in or upon the Properly In vio�at[on of any taw,ordinance.or regulaUon;and shali pay and
<br /> � . " promptty discharge at Truator's coat and expense all iiens,encumbrances and charges tevied,imposed or easesaed againat the
<br /> � � Property or any pad thereot.
<br /> 7. EmimM Oomatn.Lender is hereby assigned ait compensatbn.awards,damages and other paymenffi or rellef(here+nefter
<br /> "Proceeds'y In connectlon wlth condemnation or other ffiking ot the Property or part thereof,or for conveyance In 8eu of condemna-
<br /> ., . Uon.Lender shail be entlUed at Its optlon to commence,appear in and prosecute In it8 own name any action or proceedtnDs,and
<br /> sha�l atso be eMitled to make any wmpromise or settlement In connectlon with suah ffiking or damaga in the event ar►y portlon ot
<br /> �� the Property la so taken or damaged.Ler.der shal�have the optton,In ita sois and abso�uYe discretion,to apply ali such Prcceeds,
<br /> of�.�,��ttn..x�rnlrnm atl cnuta and oYnensaa incurrsd 6v it in connectlon With SuCh ProCeed8.uAOn anY fndebtednoss eecured
<br /> --•---- --••o_._._---...- --- -
<br /> hereby and in such order ae Lender may determine,or to appiy a�i euch Proceede,after such deducUOns,to the restoratfon of the
<br /> Property upon such conditlons as Lender may determine.Any appllcation of Proceeds to indebtedrt�ss ahall not extend or postpone •
<br /> 'i - ' the due date ot any payments under the Note,or cure eny defautt thereunder or hereunder.Any unappited tunds shalt be paid to
<br /> l . , T►uator.
<br /> ., 8. P�dcrmtnc�ay und�r.Upon the occurcence ot an Event ot Detault hereunder,or ff any act Is taken or�egal proceeding I
<br /> �,� commenced whloh materialty aitects Lendar's fnterest in the Property.Lender may in tts own discretion,but wlthout obtlgaUon to do �
<br /> so.and without notice to or demand upon TruBCOr and without reteasing Trustor hom 8ny obtigaUOn,do any act which Truator has
<br /> �� " agreed but fails to do and mey also do any other act tt deema necesssry to proteat the eecuHty hereof.Trustor ahall,immediately
<br /> � • upon demartd therebr by Lender,pay to Lenderatl cosffiand expenoes Incurred and sume expended by Le�der in connectlon wiM ,
<br /> � ., the exercise by Lender of the toregoing righta,togethe�with fnterest thereon at the detault rate provided in the Note,whlch ahall be�
<br /> � � added to the indebtadness secured hereby.Lender shali not incur any Ilability Oecause of anything tt may do or omit to do
<br /> � hereunder.
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