|
_�`.? . ( �;�'. I Y{: .` � G• .0 .=`"iF. S . . ` w . ..—._ C� �< .' � /L.�_"�"�tta""'�sa.°�'o°'r- .
<br /> i.�.'" ' v I �...'�����c. .P• � • t _ � �4-L�t 7�� �i���r'f n,t c. � H.r t_. fL+���.�:..4i�'"-�k�^ 'ao��_-.._�m__ — __ �
<br /> r.ti.-S *t r T � • ::A' L_ .4� `. _ L•,� 4+�•"�` —_ ' '_�.�.dCY.� .IC�,�- -- ---- _ _
<br /> 4. ' _ ' rc �y.l���—a�r�a.��__ ' — ,��y.,r.-
<br />-:��. 3��-� _ —_ —__ _--_ -_ — —�.
<br /> -
<br /> -'�-__ -' ..__ . � . � .
<br /> - .. —_ —___—.. __ - - 1'� .t.. ` ` • —_'_
<br /> . , ,
<br /> .�� � _ _ .�..�__.
<br /> � ., _,� i . — _ � �_---
<br /> ___ � -�1.�f�/,�
<br />_��,:�,�-�--��1"4 � - � . . • � � ` __"— �_ —
<br /> �� •. a, . •i , ' , � ; � , . `� ' , `v!__--<�.�r.
<br /> _.��._l�G_S�iat��`L_7 , 1 ` y ( , ` � ��I�I������ ' a
<br /> T--�s;_� , �,3.1 �€, t�.e �eerttte� is�ues and`prof it8. ,f.ncluc33�ng alg acc�ts. ,ro�raL�fe�,� � ^-----_ --
<br /> - _ - banusee ,and �eaeff�s under a�ay existiag o� fc}�2wr� ai�� ��� or r�ter�1 a�
<br /> - - -- = otYie�r leaseax a�l easeauents and r3ghts� of coay;. all �ights of &oma�����' �
<br /> � ��j¢i and hom�etead exemption and ang surviving spc�se'e mari�al or clf���ibu-. �� . _
<br /> ���'� •� ti.ve �ah�re. and �a17. othsr contiagent r�ghts �a and t� �said pr���es s,a{►� ,:
<br /> .���-�rat;' � � —
<br /> � *�=°� � . P�-1 f3.�1aE'e.�: im�iYnveucents, buildings,, amd t�re plumbing. .hea�ing: • . , .
<br /> v'_� :� � • ventfla�ia g :and lighting systems and eqi�i.puzeait theYein, a3.I a� e�icia - �_
<br /> �_' � ,�� sha11 be co�astnied anc� consi dere d as a f�i�c s d t� a n d p a s t o f� �h� r e a]-
<br /> inL 1`_
<br />-:_==--����'� . �atate. . ; � -
<br /> �'�-'�`� "� All of the £oregofag eatate, propexty and iater�st hereby_ coa�.ve�red Co ��ie �
<br /> �a�''�`-'� . ,
<br /> _._-- _ ��aid Truetee ig h�reina�tier collectinely referred ta ae th� "��x�y•° �
<br />-_=�===��"� �Ta �VE AND TO KOLD the same unto the said Trustee, Ts�stee°s sucaes�o�a�
<br /> �,�� . � rear�ly
<br /> �. � and assigazs forever. IN TRIIS`T�HOWEVBR and UiE�,PdWEA QF SAirs her� exP ,- .
<br />"=�`-"�`�X� granted unto ,the said Trustee, Truates'� eucces�ar�, and assic��rs �ar ti2�� ,�
<br />_�"�`"'� �rurpose of securiag: • �
<br /> �.��t� . . ` , ' ' ' `
<br /> _,�j� i� . (a) The pay�ueat of Truetor�s just aadebtednes� to l��ne£iciary �.;�?�
<br /> '..� r 3r principal sum of Seventy Thousand DaZla,�d ($70,000.00) i�cc� money borrow�d,
<br /> - _-•��;�_�
<br />_����, with interest thereon, all as evi��nced by and fn strict accoxda�.�e with tlse
<br /> ---�'�'�"'� ter�a of that cereain promissory ��s�e here�.naf�er called the' °�:Q�"�"�. �e��3
<br /> l� ,_. ,
<br /> ��#_;��`, enen �date herewith made payable to the order ,of Bene€iciary,, :_�cecuted by . ,
<br />�-tr:�;';:��* �_ � Stephea� P. Hansen, and providing fo� tl�e payinent of said fndebtedaesa in .
<br /> , :,-°�:_;;,.:: -, installr�ents, subject t� acceleratioa of aeaturity an defauZt fn� the payncea►t _-
<br /> _ �.;,��;i : � of aay inotallu«ent of principal or intereat or f.n, the perfoztqance of a�y �
<br /> u
<br />�..;;�-:,�: ` covenant, agreemeat ar warranty contained in this Deed of Tzuat.;
<br /> .:',.:�_.. '
<br />�-;i,•�;,'' .'.";��'J;f ,
<br /> .t;:• .-:�;�,� . (ba The p�rforma:ace.of each agreemeat, covenaat aiid c�arranty of Trus�or __
<br />-"� .:.� '`��<��?ss�;: �� herein ��tained' or set �forth in the L�a�e or any .agre�sr�nt or ins�t _
<br /> =`i��'����'a`�` executed.by Trustor in connection vrith t�ie indebtedne�s ��i.ereby seculced; aad —�--.
<br /> _:'�.��,� .; ,, �",,:
<br />- �„s—P�_ .y.
<br />" :�r""'- (c) The paya�eat of any aum �r sums of morzey with,i�t�erest th�reon which _
<br /> :��+=� .��f may be �ereafter paid or advaaced under the terms of th�� Deed of Trust, ���`�-_
<br /> �,��< . -
<br /> .. ,: • --
<br />`'�'�>�.;� '� �NOW, TFIEREFORB, TO PROTEC.°T' THE 3ECURITY OF THIS �ID3� OF TRUST, Tz'u8to� -
<br /> J-�.�°'�=�_ ��� doea tar Truator and fpr Truator'a heirg, re�r�sentatives, vendeea, _
<br />-�•....- , _ .
<br />'�'=y��:=� 811CC@890T8 and assigns, the ov�nere af eaid L�i�rty, hereby expressly , .
<br />_,r�..�::-,'' ;
<br /> ����`�::°r° '- '� covenant, agxee and warrant to and with the Trustee aad Beneficiary, and , _
<br /> l J`"' � '� their euccessors, vendeee and aesigns: � �,�,���
<br /> -.,�, . . �:�-�e-
<br /> ���,��s �' ". • rs : That the Truotor hereby covenante and agreea, to t he e x t e n t _y �
<br /> � -� ;; , �ermitted by law, aa fallowa: (a) to pay promptly when due the p��ncipal and
<br />- �`!��>'�;: � in tere�t a n d o t h e r a u m e o f �o n e y p r o v i d e d f o r i n t he Note and in �h�e D�eed of �x..,����
<br /> �.��,..;;
<br /> '�';"+t>'"'�'" Truat; rb) to pro m ptly pay before delinquency all ta�c�s, assesaments and i�: .
<br /> � , .}ii+:. � ��` `~� �. _
<br /> ����r � other chargee impoeed by law �upon t he Proper ty, t h e �r u a t o r'e f n t e r e s t y:.��:`���
<br />-.;.�'�•�. -_ , therein, or upon this Deed of Trust or the Note; provided, however, that in y� , `-�_1,.
<br /> - �he event of any change of the law providing fQ� the taxation o� deeda o£ :. �•. :
<br /> ��.�,�`•���'` truet or debte thereby eecured ao ae to affect thss Deed af Truat, the entire ��'=�''a`'".
<br />'•=�f �;� .� indebtedne�e aecured hereby ehall at the option oE the Beneficfary beco�.� due .�F . _
<br /> =--''.:4-�''�`r;j '. and payable; (c) to keep the above-deacribed Property and the improver�nte � ,. :_
<br /> �-:;�.,;:;:;;�;�.`; thereon in govd condit�oa and repair and not to commit or suffer waste
<br /> �=���� - `� � Chereof, and exaept as autho�i2ed in any echedule annexed here�o auad fos�ning � �
<br /> -..x.;:= _�. :
<br /> �� ;; � a part hereof; t3) to ��ii�tain and deliver to Benef_iciary pol�ciea of �
<br /> �'�" ��' inaurance againat such krazarde on the buildinge and improvementa now or � • , •
<br /> � �i t:r:1
<br />:._�=�.��•� . hereafter locat�d on or.canstituting a part of the Property as the Heneficia-
<br />-- "=II':�'�����- � ry ehall requir�, ia euch companies and amounts and with euch loes payable
<br /> -=��"3�ID�=°��` � clausee as ohall be eatiefactory to the Beneficiary; that in the event of .
<br /> �"�' � loss, Heneficiary is expreas].y authorized te settle ox compromiae claime .
<br /> ,�,:�u � � .
<br /> - under eafd policies and the proceeda thereof shall be paid to the Beneficiary
<br /> ���:-.<.
<br /> =--����n'•�� who may apply the eame or any part thereof on the indebtednees secured hereby . . _
<br />�`f�� '�''� or towar�3 the reconatruotfon or repafr of eaid buildinga� and i.mprovemente vr . .
<br />`.,-�;;�{�,_. . � • .
<br />_�:t�:;;„::;;;; ..,, release same to the Trustort (e> to pay any lien, claim or charge againet the , . .
<br />-;�°�'�s-•�':-�':-. Property which might take precedence over the lien hereof; �f) to pay on .
<br /> >� .'�{ :_.;. demana all legal expenaea, title aearcY�ea, appraieal or attorneys' Eeea
<br /> ""='�;n;:u., . reasonably incurred or paid by Bene£iciary to collect the Note or forecloae : . .
<br /> �;_�;;;;.`��-� or protect the lfen of thia Deed of Trugtt (g) that fn the event Trustor . �
<br /> _� l...�.,.. . .
<br /> °' �'��' ' oY�all fafl to compty c�3th the proyieions of ta) through (f) above, the
<br /> ' � ' Beneficiary may expend such funds and take euch actio�a as ie necesaary to �,. • ��
<br /> � �� �, remedy such failuxe and all aums paid by Che Beneficiary pursuant hereto a�itih �. � .
<br /> ` '_ .`_ ____,. fntereat at the rate hereinafter provfded ehall constitute a lfen upon the �
<br /> -_ .�;5- __�.:
<br />
|