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<br /> B��I�HOWL�DQEMENT OF DEED OF '9'RU3�'� ..;;�::;_. • �
<br /> TAlJgTO�AEAD'�li15 BEFQflE SICNINa: bQ+7�'"'����.�'i
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<br /> Ttwta undetN�td�th�!th�dooumsnl th�t Tnr�tor b�bour to�x�oeit�b�9�e�d uf Truat�nd nat�mn►lp���ttM lhNt lM�pe�1n
<br /> ef eak provld�d tot h th�D�ed ot T�u�t providn wbstmti�liy dittennt tipht�md abiip�tion�to Ttu�tor th�ri�mnnp�p�h th��w�nl a!
<br /> •Mlwk a brMOh of obYp�ticn und�e th�Dwd of Trud,(naludinq,but flot limit�!o.lh�LtndN'4.11oht to hovs ih�PtopMty�aAd by t!w
<br /> TeuttK wRbout�nY Judbid�rnondinQ�Tiwtor t�ptN�nte Mtd worant�thd ttiH�siuwwt�dp�n�nt wM�xWut�d by T�u�ia baf ot�tM+
<br /> c,:.�t;,ut!s�a a}M�de:M of 1'ntat.
<br /> �,,_��A�A
<br /> 1tENN8�r N.'I.�1I�IDIt}pUgTOA ,
<br /> 9MIDRA C I�NDIN THtJ9T011
<br /> DEED OF TRUSY WfTH FUTtIRE ADVANCES
<br /> ..� THIS DEED OF TftUBT,b m�d�at of ih� ��,, d�y of SogtQmb�z .t Q24.._,by r►d rnano
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<br /> y»Trusta, �NNETii J. N. �.ANAIN and BANDRI► C Li1NDIN HUSBANO !1[JD W28E .
<br /> '- �hasa�p a�sc�kt,,�507 #RROWHtl1D AD tiR7►!iD =SLJ�ND ��i�riir�'T�ita�.��rh�thv on�or moS�). .
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<br /> !.�., ...�.� ;'` � �� , whoN m�Nitp addnsa M p O BOX 790 aRAND ISLANO N8 68602 (h�r�ir►'Yeutte�'!.nd
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<br /> ' � � ����y��y'�'i!F t�V�ItL NATIONAL BANK OS (iRAND IlSLAND —.
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<br /> . •�% �•�. "-� , whau en�lflnp�ddress la p O �,OX 1688 ORANQ I$LANn NB 688Q2 � C►Wein"6.�►d�r"1.
<br /> •� � ,. .
<br /> , a ' °,, FOR VALUABLE CON810HRATiON,inoludinp L�rtder's e�enelan of oredit idmnti/ied herofn to x�'NNETH L t�I�
<br /> • . ., � ..:�+w .
<br /> 8A2iDY LANDIN
<br /> �� ° ' (herein'Bcrrower',whethe�one or more)�nd the trutt t►aain oreat�d,th�
<br /> � ��e�ipt of whkh is hereby anknowisdo�d.TNator hereby ittevooe6ly prante,tronsfero,aonvsye�nd a�afpns to Tnist�s,�N TRUST,WITH
<br /> ' POiNER OF 81LLE,for th�Mnetit end sscurity of Lender. unda und�ubJeot to ths t8mns�ne�eondttiuns herrinsfta at fortb.th�nai
<br /> ,;,;t;;`:. pro0+�►.d�soriF►�d�s toUowr.
<br /> ',;'��;;�:. TAT �IVE (5)� BLOCK TWO (2) RBPLAT OF RIVERSIDB 31CRE8�
<br /> i:;;;'^. GRAND IBLAND� �ALL CODNTY� I�tsBlWEi1CA
<br /> �,
<br /> Top�tl+K with ali bufldtnQ�,knptovsmente,lixtu�ee, etreete, elteye,peseapeweye, easements,rlpht�,pvivilepa end appurtanrioes
<br /> ` loostd tMr�on or h�nywtse pertaininq thareto,end the tenta,iasuee and protite,reveroions and rametndero thoreoi,snd ouch penonal
<br /> propKty th�t i�attsched to the tmprovemmte eo aa to aonatftute e fizture,inotudinp,but not Iimitcd to,hestinp end 000tfnp equipment;
<br /> � - ' �nd topsther witlt the homestesd or msritel inteteats,it eny,which intereate ere hereby reteased and wsived; all o}which. haludinp
<br /> � rp{�aemmt�rnd�dditlo�s thereto,ie hereb�deotare¢+to be e perrot the�eel estete eecured by ths lien ot this�eed ot Trurt snd ali of
<br /> th�tor�pohp beinp nferred to hxsin n the'Prop�rty .
<br /> � Thts Dssd of Ttust ahell seaure 1e)the payment of the prinoipat eum und inteteet evidenoad by• promhsory not� ot otadit
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<br /> .. �Qre�meM dated 09/02��_ ,hevinq e meturlty dete ot 09�06 j99 .
<br /> � in th�odphsl prinofnai amount of 0 de,���_sn , end eny end eil modifioations.extension� end renswaH
<br /> � '''�`,•;, thenot or thersto md eny and eil tuturo advancea snd readvancee to 8orrower tor any of them it more than one)he►eundar punwant to
<br /> "� '' �� ons or more promitsory�otea or orodit epreemente theretn aalied "Noto'!:tbl tho poymm+t of other eume advenood by lender to proteat
<br /> ;� . • . � ths�ecudtY of th�Note;(o)the porformanoe of ell aovenante and npreomente of Truator eet torth hereM;and(d!ali preaent and futuro
<br /> ••�.� (nde6tedneas end obtipettone ot 8orrower lor eny ot thom if mo�e then onel to Lander whethm direot,indireot, ebaolute or continpent
<br /> � and whether tuiatnp by nute,puerenty,oveidrah or otherwise.The Note,thie Doed of T�uat end nny ar�d eIi other documante ehst sscure
<br /> the Note o�othetwNe axeauted tn eo�neotlon therewith,fnaluding without limitetion guarenteee, eeaurity egreetnente end aeeiynments
<br /> : �� of le�ses end rente,ehall be roterred to herein e9 the"loan inetruments'. ;'
<br /> ,'''`�.��•' �`,.:� T�ustor aovanents end eprees with Lender os foilowe: � ,
<br /> � � 1.Paym�tt of ind�bt�dn�ss.All indebtedneea cecured hereby ehail be pafd whon due. ,
<br /> ;•;,;
<br /> � Z.T(tlt.Tnistor M the owner oi the PropeHy.hea the dght end eutho�ity to convey the Property,end werrants that tha Iien created �,
<br /> t i ,;,;� hsteby fs�itttt and p►lor lten on the Propetty,euoept}or lfene and enaumbrences sat forth by Ttuetor in writinp and delivered to Lendar
<br /> � b�fo»ex�outtoe oi thit Oend of Truet, end the exeoution end daGvery ot thie Deed of t�uet doee not violote eny contraot or othor
<br /> ,.. obiip�tion to whioh T�uetor b subjeat.
<br /> 9.T�ta�,AstnsmMt�.'i o pay betote delMquenoy ell texea.epeeiol oeeosamenta end etl other ehergee epainet ths P�operty now or
<br /> • haNfter Isvied.
<br /> �. 4. lntuane�.To keep ths Property Ineured spainst demepe by tiro, he:erds, included within tho tartn "axtonded eoverape',and
<br /> � suoh otf�ar hwrde es Lendsr mey�equire,In amounts end wtth companies ocoeptablo to Lender,�eminp Lende►es e»edd8bnet nemed
<br /> tnsund,with loae peyeb�e to the Lender. In oeae ot toes under such pollolee,tho Lendar is euthoti=ed to edjuat,oolieot end compromise.
<br /> ap oWna therounde► and ehell have the optton ot epphinp ait or part ot tho insurence proeeede til to eny indebtednesa eeaured haraby
<br /> �' and in wch orda a I.ender ma�determins,tii)to tho Trustor to be uaed for tho repelr or rostorotion of the Propony or tiiil for eny othor
<br /> � purpoa�o�objaet�etie}aotan►to Lemder w(thout aftoatinp the Ilen of thi�Ooed of Truet tor the ful�emount eenured hereby before euch
<br /> _.__..y,._� e.... • e�...�f,.,M..d.�o L.deheadness ehell not oxtend or uoatuona the due dete of eny peymente undm
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<br /> .. th�Note,or au►e any defauit theraunder Ar he�eunder.
<br /> 6.Etcrow.Upon w�fttat domnnd by Lendor,Ttustor ehcA pey to Lender, in auch manner ae Lender mey desipnete,suffiaient sums
<br /> to mabb Lmdet to pey as they bsoome due one or more of the following: (i1 atl texes,asaesamenta end othe� aherges againat the
<br /> � propMy,(iq th�promiums on Me praperty insurenoe required hereunder.and (iti)the premiuma on uny monpspe ineuranee requirod by
<br /> Lande►.
<br /> �• d.Maint«t�no�,il�pain�nd Comptine�with 4w�.Ttustor ehall keep the Prope�ty in pood condition and repafr; aho�l promptiy
<br /> npdr.or replso�eny improvemant which mey bo demeged or deetroyed;ehetl not commit ar pmmlt eny weste or deterioration ot tho
<br /> �� Frop�rtyi�hell eot removo,demoltsh or eubetantieliy dte�any of the improvemonta on the Propert�; ehe�i�ot cvmmit,suttor or pormit I
<br /> ' � °o �r1y�Ct to b�don� in or upon the Property in violelion ot eny law, ordinonee, or togutation;and eholi pay and promptty d�ahurge at
<br /> Tntnor•�coat and expense aI1lEens,ancumbrannee ond chetgea Ievied,imposod or essossed ogainst the Propeny or eny pan thoroof.
<br /> ' 7. Emtn�n4 Oom�in. Lender ia hereby aeaipned nII aomponaation, owords, domopos ond other paymonte or rolief (horeinuftor
<br /> , •ptocNdt•)M conneotlon whh co�damnetion or other tokinp of the Porperty or pott thoroof,or for aonveyenae in Iieu ot condemnation. I
<br /> , _� l,andK�hall b�entitt�d at ite option to commonao,appear in cnd prosecuta in its ow�neme any ection or prooeodinge,end ahall elso be �
<br /> � � r�t(tkd to mak�any eompromles or eeZtlement in conneet�on with eueh takmp or damope.ln the ovent ony ponion ot the Property is so .
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<br /> � ' � troo uss aen�c�.r o.a�r+w.�ores I'
<br /> p�oa ewn,r e.dt w eam�a�.T�u��.... .wts M�ocbneti t�nea►�t.aw•
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