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<br />-_�� �� ,�`, , , ', 4020 L.n�hcltop !.n Gr�nd I�laa �� tde,� 8 3°2�i ' ` ,
<br /> rvhcae maWn�ad6ra�b �.�rei��"Tru�or. w�►�r ona or maro},_
<br /> , "� � t��Tiusfe� Ci�e Peinta B^�a- a Rabrastr� Gorq,Qatation .
<br /> ` �uhasamailing�adQress Is P:O. Bax 15fl7 Grand Ielan�, �IE 688�2 ��ere�.n„Trt;�e,�,em�
<br /> � - �.�_ � the B�neticiary. Five Poiats Banl� . ' . � - __ -- .
<br /> �� "~ ZOi� H.�9roadrell Graud Ielend, HE. 68B0�-t5t�9 �
<br /> - '. � • ,-.` � , whose maning eddresa ts . 0►ereln"�,er►det� •
<br /> . • ._ FOR VALUABLE COt�SIOERATiON,inct�dfng Le»de�s e�dens3cn of credittdentNied heretn m�asuel P Zernba
<br /> . � �• ,� 8 Geraldiae !1 Zaruba (heratn"Bomowef.whether one or�srcre)and the tru�t Ratein c�. .
<br /> � �te teceip!oi whiCh Is hereby ecknowledged.Tn�ator heseby Irre�rocably grar�b.trartatere.conveYa sad aa�ns to Tryst�Ui
<br /> '. ,�` . . . TRUST.WiTHPOWEAOFSALE.tart4�ebertefitandsecurt4yatLender.underands�jec2tofiteterm9andCanQitianahete�aftetae4
<br /> � . , � . " taRt�the teal proaetly,descrihed as taBows
<br /> • t° An undivided one-half �etereet ia Lot '�versty-Four (24?, Nestgate Subdiv�eion, - . . -
<br /> .�� '' '� � - Cfty af Grand Ialead. Ha12 County, HeDraeke.
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<br /> � ;: ' �� � Together vriti�eJ3 tsL�S'ngs,improvemants,fixtures.streets`aIleys.passageways.easemenb.�19ftb.PrivitaQes an�flppusts- -__
<br /> . . . nance.s loca�d thereon or tn anywtse pertainirtg thereto.and the re�fs.issues and profits.reversfoea end re�satnQera tlter+eat.and
<br /> . � � � r- ��� �`' such persenal properiy that is attached to the improvementa so as t�xons�tute a flxwrey inctudtng,but not(tmited t0.heaUng and - �
<br /> � � ' couAngequipmentandtogetherwitflthehomesteadormar[talime�ffarry,whicfitntaresbeaeherebyreteasedandwaive$al! - -- -
<br />� . � of which,irtcludJrtg repfacement�artd eddiUons there�a,is hereby declared to be a paR of the real estate secuced by the tten ottht� --_
<br /> . � ' Oeed of Tnu3t and al of the foregotng.treing reterred t�hereln as tha"Properiy: �;;�;--
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<br /> • This Qeed o4 Trust sha11 secure(8)the Dayment ot tha principal sum an0 fr�terest evtdenced by a promisaory noiB or credtt '��:�= -
<br /> . to
<br /> � Qctober 24tb 1994 Octo6er 23rd 1999 �f�� �
<br /> .. . . .,��:,;;. agreement dated , �hautng e matudty date of . .,Y:r=:- ��:;..
<br /> � , Y S- r,%�'.Y '.'
<br /> �:":.. 30,020.5,� ' � �s:;.. :
<br /> . ' .E , in the odginal pri�cipai�.�nt of$ .and as�p�.�d att modiftcatlons.extens'ons end renewsls
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<br /> � � . thereof or thereto and�g and all future advances��0 rsadvamces to Borrower(or arry ot them if more than ane)hereunder :�::., .
<br /> �• ` . ���;�� pursuant ta ona or mora�:�nfssory nc�or cr+001tegreements(rterr�'.n catted"Nota'7:(b)the payment ot other eums advaneed by ��:a`•
<br /> � . ' , �`� Lenderto��r�lt�tese�ur':yotthe(Ye��c)thepodormanceotalta�canantsandagregmentsofTnratorsetiorthheref�and(�all r � �
<br />� . �• ,�"'i present��f�ure inQebiedness and ob.;aUons ot Qonower(or any of them B more than ane)w Lender whether dtrect.(n�rect, �
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<br /> �.''�'�"` absotute or conUngent and whether adsing by not�guaraoty,overdraft or otherwisa.The Nate,this Oaed of Trust and any end att � •
<br /> . •' a " � otAerdacusntsthatsecurethoHotaorotherwiseexecutedt�connectlontherewtth.inetudingwithoutlimitatlonguaranteearsecudry �'-i
<br /> . ; ' . agreements and ass;gnmants of loases and re�ts,shall 6e�eterred to herein as the"Loan Qacumepts". ``;t ,,,.r� •,�
<br /> ,� . , T�ustor covenants and agreea witb Lertder as toltows: : �
<br /> . " 1. P�ymint ot tnd�bt�dnus.All indebtedness secured hereby shail 6e paid when duo. {.� . .. .
<br /> • , . 2.TNfs.Truator is the ownar of the Property,has the rtght artd suthoriry to convey the Property,and waRBnts fhat ft�a Iten �
<br /> � created hereby Is a ftrat and pflar lien on the Property,except for liena and encumbrances set foM�yr Trustor in writtng and �'
<br /> . - � delivered to lsrtder betore axecuUon o1 this Oeed of T►ust and the executton an0 Qetivery of this Deed of Truat 6oes notvtolate any � ''. �-'.�.
<br /> • � contract or other obligatton to which Trustor is suDject ' �°; . . --�.,
<br /> " 3.Ta�us„Ass�rr�nes�.To pay betore aetinquency all texas,special assessments and ail other charges against the Property _ �.�y:l,j% ��r
<br /> .. . . ... now or hereEfter tavted. •�g� . ,:�s,•'..-
<br /> � . ,:.•:,� . � 4. t�u��e�T o k e e A�'+e Pro p e rt y E u�ed a g alnstdama ge k��-�.h a z aNs included withtn tt.s term"extertded covera ga:and "•:�:��" `�` �74
<br /> . � ,'�;j1:�'� •' such othe►hazards as Len4er may requ:�in amounts and wrth cv.:�yanie9 accepffibte to Len�r.r�aming Lender as an additiona! � . ���r�'�`•, �,;
<br /> • named insured.witb toss�yabteto the Lender.M��e ot toss under sucb policiea,the Lender is authoHzeA tar�rJjusL coitect and � . '�'�_
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<br /> '�•� � campromise.allctaimstheraunderandshallhavethsc{.QOnofapptyingallorpaRoftheinsuranceproceedsCyt�anyindebtedness � � �•�'
<br /> `:::�,.•, � � secured hereby an�in sucl�order es isnde►may de?�ine.Qi)to the Trustor to be used tor the rapal rbr restOraUOn o1 the Property
<br /> - ' . , orptQtaranyotherpurposeorobjectseUsfactorytoLenQerwithouta8ectingthelienofthisQeedofTastforthofullamountsecured �� :�,� -. �;.�
<br /> • �'� hereby beiore such payment ever took placa Any appllcation o1 proceeAs to IndebteQness ahal)not extend ot postpone the dua .• '�k�''�'
<br /> ` �`�`;}�' date o!any payments under the Note,a:cure any default L�ereunder or hereunder. . .. ��
<br />=y;'�:. �: .• � • , 5. E�arow Upon written demand Gy Lender,Tru,,MOr shail pay to Lender,in such manrter as Lender m�y designate,sufticlent , � �
<br /> °:.�';!1;;:. , � sums to enabte Lender ta pay as they became due or�xa more of the foltowing:(f)all taxes,assessments and aU,4ar charges against '• . • • ..
<br />_ ;��:k���'•' ,�. ' the Property.p�ttte prerr.:ums on the DropeRy in9ur�rce required hereunder,and(ii�the premlums on any mortgage insurance � � .
<br /> . '��`'� , required C�E,enQer. . , .
<br /> . � �,��`�:�;,';,, � 8. Ma7.�ane�.R�p�(ra aa0 Ca.��.aec�witli Laws.Truater ahail keep the Pro�erry i:��ae0 conditlon and repair.shall • . �
<br /> ' • •�'f�" promptty r�r;air.or reAtace any�mprcr,r,:rr:ent whicb may be damaged or deatroyed;shati r.�xrnmit or permit any wasto or � �
<br /> . �, ,
<br /> � t . ' � deterioraUon of the Properly.ahall noi r�arrsove.dsma�.�SS or subsmnUalty atter arty of the improvernenb on�re c�roperty;ehall not . �
<br /> comml�sufier or permiterysetto be dene in or upcn ttt�l�reperty invlolaUon ofarry law.ardinance,or reg��';�:ct:and shatl pay and ' �
<br /> �'� � - � �rampUy discharge at T�„��'s cost and expense siP�[ens.encumbraoces and chargos levted,impa&Pd cc�assed against th0 � .
<br /> . � � Proper¢yosanypaRthereol �.��"�_; .
<br />- • • �•;�;i..• 7. E���nt eomatn.Le�der ia herehp as�igned ail compensa4lon,awarda,damages and o4Prcf�aymen�or retiel(hereinafter . � �`� `
<br />= �`'• "'�� • "Procaeds��ln connecUOn with conderr:.2'�on or other taking of the Property o�paA thereot,or for conveyance In lieu o1 condemrta- •
<br /> - ``���''•���� � tton.Lender Shsil ho entl4ed at its optlon to cammence,appear in and prosecute in its own name any actlon or praceedings.end �
<br /> '• • shall atso bo entitled to make any compromise or aettteme►d in cartneotlon wtth eucb fahing or damege.In the erent a�ry poNon af ' ' "`-
<br />= � the Pr�jteRy is so taken or Oamaged,Lender shaii have the op�on,in its sole and absotute dlscreUOn,to epFt�all such Praceeds. , : .
<br />� �� ' . ettar deducting theretrom all cost9artd expenseg incurred by it In connoction with such Procaeds,upon any indebtESdnass seeured •
<br /> r ' ; � '. hereby and in such order as Lender may determine,or to appty ail such Proceeds,efter aucb doductlona to the restoretion of the �
<br /> •� r.. , PropertyuponauchcondiBonsasLenQermayde4ertnineAnyeppllcetlonotProceedstoindsbt$dnessahallnotextendorpostpone ' ' ,
<br /> • . the due date of any paymonts undar the Note,or curo any default thoreunder or hereurtder.Any unapptied tunds shall be paid to . . � �
<br /> .r `. Tiusmr.
<br /> - 8. ?�¢fatmaneo by L�eQ��Upon the occarronco ot en Event at Oatauii horoundor.or if any act ts takon or teflal pracosding ��
<br /> ' •�i . . � cammenced which materlalty aNecb Lender's interest in the Property.lendet may in its own discretlon,but w(thouf obllgaUan to do � c �
<br /> . so,and wlthout rtoUco to or demand upon Trustor end wiihout reto�oing Trustor trom any obllgaUon,do any act whtch Trustor has . L . �
<br /> � � '� agreed but tflits to do and may atso do arry other eet It deems necesssry to prot�cf the security hereol.trustor shall,immediamty I �� � , ,.
<br /> . x� upan demandthorotm by Lendor.pmy to Lender ail coats artd expensas Incurred and sums oxpBnded by LenQer in connecUOn v�ith
<br /> � � � ' th8exercise6yLenderMtheforogoing�ights,together�nithlnterestthereonuttheQofauttrntoprovidadintheNOte.v�hiChohsOba '
<br /> � •�. • edded to the indebtedr�ess secursd hereby.LenQor shait not Incur any liabillty becBUSe ot Elnything i�may do or omN to do '
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