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<br /> � ' • '�lt19,CFED OF TRUST.[s msde,es cf ttta 2�at �ay ae Ga$. � - t�.`�$�Y�� -- —
<br /> ���. ..4� 4 4, W8 Ttu9tot. Jean Lals�r r�ittAle oA�en ' � ` - --� -• . � . _
<br /> ��'� �.�`��' . , , 1SZ0 t� Broad+rel� � . Graad f�iend • He ������5
<br /> �� • • wAa:�ts�s3ling aQ�ress ta _ - — �e�n"'rnaaict. w �a[nf� v
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<br /> t4ta T� � Y�iee Pt�ia�4,e Ban a �Draaka C ora�ior� .
<br /> ;.._ u..� . �P.O. Bog 1507_ �'irand� Is,ead, i9E 68H02 � �����"Te��'p,_arut ..
<br /> . whosa mafling add�ss ta , ,� ------
<br /> r `°. :`:� ': , ,��` . Fiva P�nts 8anfs � -
<br />°_ << °. . the Bene4Iciauy. '-
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<br />.,,�;s;:,� ; :. --:.,:� xfio�e tRSiiittg addtes�is Z015 8. 8raadYell Grand Isl�nd. t1E. 688412-1509 (herein°tsa�d�"k
<br /> '' }: < � . FOA VAldiABLE COfitSiDERA�lON.inctudin8l.enasfs e�dension ot c�edst identlf[ed heretn to � - .
<br />:�:� .��.. . `< . .. Jeaa 4e�e2r (Reretrt"8orrowe�'.w3�ethar w►e ar more)��a tra�3 Mrain cceated,
<br />':�f, . � . �f . ` {tte reeeipt ot whlch ta hereby 8C6ct►owledged TrustOr AereDy IrtevoCabil►BTana9,dansfera.cCnvey�ertd 8s$gnp t0 Ttus�.i!!i
<br /> -' �,, TRU3T,WiTHPpWEEi0F3AJ.E,[artl�6eaefltartidsecuritYolLerMer,undoranda�bjsctt+offiefermaendcandtUcnsherel�s}lerse! ,
<br />�.;-9•. •`� � � f�* �������4em�pnF����IH MEST LAYI3.� AN ADDI'POH 'PO THfi CI3Y OF G�Qf�D . – _
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<br /> =�" •-`�--•-`t`'_}�� ( ,Tegether with att buitdinga,!mg¢r�reme�ft�te3.street�a!ley9.DassaS9�Y��ments.r[�.P�vitepe�a�18�P�`
<br /> �. , " �:��,;•'�;:' nance9lac�ted tttar�acn�t is attached Uo thefi impro•ramenita o asto cons�tu�e a�re natuding.butaot fimit8dt�.hea�itt9 8rid ----
<br /> -�� � ::<;,��.f•:: : suchpersanaf D�DBRY
<br /> " � � ,,«<.,?.�%,. :�• coolingequiprrtentaedtogett►erwitAthshoma�teadormaritaf(nterests,Nany.wh�ct�irResesisareherebyreteasedRndwafve�all —
<br />,'��•`-�` , ,�{�;�: �•.� otv�fitch.tnc(udiagreplacemer�anOaQdittonsthareta.laherebydectaredtaDeapBrtof@►erealestatesecure�tsytheltenatthta
<br /> _. •.,,.,.•. �.:�. Oeed ot Tn�t and a0 of the toregoing heing referred to herein as tlie°P�roperty". .. -
<br /> `�;,:�;,� .• ,. :
<br /> � `' �hie Oeed o!Trust shall secuce(a)tAe payment of th0•principal sum and tnterest evtdecsccb by a�promissory aote�r credit ��� �-��
<br /> .:A. •� . _ .. � �---:_
<br />':j�, � ° ' ` ' agreement dated �ober 21et 1994 having a matw-i�;�dats of Q�oher Std 199b � , _v= _- -
<br /> � � , tn ths odginai pdnctp�¢.�so�t af 5 8•�89.'35 .�,,��,-1y and ati modiflcatlona��ons and resewats -�_-
<br /> N'_-_
<br /> ' thereof or ttserefo and arry Fsd c�Lznure advances arb re��ces to 8arrower(or any ot them i4 ma�a tP�an oae)hereunder
<br /> � �;;;;:;�. " pursuant to one or more promissa�e�tes or credit agreemen��harein catted"Note"p,(b)the payment ot otl�er sums edvanced by . ,
<br /> :�-���:��..� . Lsnde�to pratectth9 securit�l oltRe Not�(c)the pertomnance of all covenanb and agreements of Trustorsetforth here1rr.and(�ell
<br /> • � f`��!�� ;•' present a�d tutur�ird:btedriess and obitgatians at Bor�ower(or arry o!them 1!mora than ane)to tendm whetl�er dtrect irt�irec�
<br /> ,::• .
<br /> . •,..:..�= •�' ab...eolute ar comfrtg�and whettter a�ising by note,guaranty.averd►eft or otherwise.The Nota,th{s Oee�ot Tivat arrd any and a11 ,
<br /> � � � '�`'• �' other8ocuenblhaRsacuretReNoteorotherwiseexecucedineonnecttontherewttA.includirtgwfthoutltmim8onguaranteeaseauill/ � '
<br />. '_l,S.�i.-:.� .
<br /> � �� ���?:%•.s � � a reements and assignments of loases and rents,shall be reterred to herein as the"Loao Docurrients". . ; ;_. �
<br /> � ' � '"" g Tn�sLOr covenants and agrees wfth 6ender as tollow� '� �
<br /> , • '•`f� �� t.Fayns�nt�R tnds�tMnna.NI Indebtednes.9 secure0 hereby shail 6e paid when Qua � �' ``� ,
<br /> ' • � <. .. 2.T i B�.T r u a t a r i s t h e o w n e r�i t h a P r o p e R y,h a s t h e r i g h t a n d a u t h o r l t y t o c o n v e y the Pro pe r t y,and wartanb that the iten ;.•._
<br /> s —
<br /> _-: • ' � ' � create0 hereby is a(s"rst and pdor Iten on the Property,axcept tor liona and encumbrances set toN►t�7rustor in wrri�ng and _ �`�:,.�.�--
<br /> ;. • - , ' deliveredtoLeader�sforeexecutlonofMlsOeedolTrust,andtheexecWonanddeliveryolthis0eedofi�r,�tdoesnotviofatearry �
<br /> '� r;;�,:;,' c o M r a c t o r o t h e r o D l i g a t f n n t o w h t c h T r u s t o r t s s u b j e c t ���� .•,�..� �
<br /> .,.;:� . ,�
<br /> . ,, .!��, 3�Ta�ws.bs�nufU.To pay before delinqusncy ail taxe�s specfal assessmerris and all other ch�agal De - f,�) � �
<br /> :�;�,.' .. • now e�hereafter tevfed. ,t
<br /> �� ' ' q,insurane�.TokeepthePropeRyinsuredagainstdamagebyflre,haZardstncludedwithlntAeterm"extendedcovera8e".and ''�'�' � `
<br /> �. . �:. ��s�-
<br /> ��• • � suct�other hazards e,�6.ender ma7l requtre,in amounts and with eompanies�e:.epffible to 6ender.�aming Lender as en additional , _
<br /> ,: � �amed insured.with c�¢s payable tn the Lender.dn case ot loss undar sucb�•t`-:lea,the Lender ts authorized to adjust colteci end , � �� ��-
<br /> ''�,� .'• compromise,alf ctalms theteunQete;�d shail havothe opUon of aDplying all or p&R ot the insurance praceed9(�to any indebteQness �.'`� �� ��-
<br /> � �`''`>��'� se�ured herebyanQ in such order��ender ma �etermine,(:Ptt��te Trustorto lse used torthe repairor r8storaUon olthe Proyerty ' .� �:' ��
<br /> ;r�:,,,.,_, .
<br /> ,,� ;t;::•;: orpi�torartyotherpurposeorob�es¢satlafactorytoLenderwai�.atati�ctingtholienofthis0eedofTrustiorthetutlamountsecured �' �. � ,�'�; :
<br /> . � hereby betore such paymont ever taok piace.A.ny aDplicatta�^�cE y�roceeds to Indebtedne�shail na!e�nd or posstpone ihe due �"� . _
<br />�� • . � � date ot any payis:a�ts under tho Note�or cure e�detault thereunQer or herr�rtde�. . � • �
<br /> ' • b,Etcroyn.ll��r�itten Eemand by Lendes,Trustor shail pay to lsnC:c in such manner as Landcr nray destg�ate.8ufftcfent '°�
<br /> �` � sumstoenabtelende►topaya9thsybecomfldueoneormoreofthefoltowing:.(i)ailiaxes,assessments�dott�erchargessgalnst
<br /> �� ::',�: . . the property.(ii�the premlums on the property insuranca rer,;r:.�d hereunder.and pl�the�,�mtum3 on eny mortgage insulancs ;'` � '�`
<br /> � • ' ,;;,p,: reati�by Lsnder. • .,
<br /> .'�' 8.Mair�tan�ne�.R�patn u�s Compttana wlth Lawa.fruator shatl keep the ProA�N in good condiUan and repair.ehalt ;:,
<br /> � �� �'� ;�'�. • rorr�tly reDatr,or rep1ace any improvement whtch may be damaged or C�stroyed;ahall not cam.�niz nr perm(t eny►waste or •
<br /> . P ;;••„
<br />= . � demrtoratton ot the ProgertY.eha�l nat remove,demoUsh ar subst�n8alty a'.tr�r�ny af the improvemertt�ar�the PropertSr ahffiI not . '.?°.
<br /> '`.��. � � eommt1 sufter or pertnit arry aclto be done in or upon the Pra9ertyt in vtaiatlon alatry taw.ordl:�nce.or r�g�utatlon;and shail p3y end • '��,
<br /> •; � prom�diacAarge at TrusMPe eost and expense all liena cancumbrances end charges t�ec;rd.imposed or Assessed agalnst the "
<br /> -" . � • � ProC�,fiO or any part therflaL
<br /> �t � � 7.Em1nfN Qonuin.Lender ia hereby assigned ail compensaUOn.awards.demaSas 8nd other paymonb or reliet(f:erelnaRer . •
<br /> � : • � "p►aee0ds'�Ineanr,�ettonwifhcondemnaUOnorothertakingoitheProAedYerparithereu!orto�canveyanceinlieuo4eondomna- ..
<br /> � tlon.Lsndc3r shatl tceenUtted at Its opUon to commence,appear In and prosecuta in its own name arry actlon or prooeedings,end
<br /> r . �
<br /> � shait eiso Oe enUBed to make arry compromise or setttement in wnnection wtth suci�tatcing or damage.tn ffie everrt arry portlan of � , �'�.
<br /> the Property is so teken or damaged Londer shall heve ths option,in ib sote and absolute di3cretlon.to appty el�such Proceeds, •
<br /> ; � ; :..�•: . •� _ afterdeducUngth�refromaticosbandexponae�incurcedbyitinconnecUonwithsuchProceeQs.uponenyindebtednesssecured
<br /> • heroby end in such oMer as Lender may datermirte,or to appty atl Euch Proceeds.after such deductiona.to the restoraUon o1 Ne •
<br />.,• • PropertyuponcuoheondtUonsasL�ndermaydetermine.Anyappitcat�onofPraceedstolndehtednessshatlnotextendorpostpone
<br /> � � tho dua date of any paymento unAer the Nat�,or cure eny deteult thereundor or heraunder.My unapalled funde ShtiU be pald 40 � ,
<br /> _ , ... Ttustor. • i
<br /> � ' 8.Padarntute�by L�nd�r.tlpon the occuRence ot an EveM o}Oefauit herounder,or if eny acf Ia taksn or legal proceeding .
<br />-`� � � • commerrceswhichmatsdriltyeffectaLende�elnterestinthePropeRy.Lendermayintbowndiscre�on,bu4withoutobllgatlantoQo �.
<br /> �' , so,snd withmrt noUce to ar demand upon Tn�ator and withaut reteasing Truntar from any obitgaUon,do any ect whicb Trustar has
<br /> � ' � agreod but faiJs to Qo and may a�ao do any ot�er ect it deems necessary to protect the sscurity hereM TNator ahatl.immedlatety fi � �
<br /> • � .. � • upondemartdtt�erefor�syt�onder.paytolendetaticostsandeaportsosincurroAandsumseupondadbyl.�nQerinconneeUonwith . _
<br /> � theexercls9�yLertderolthotor�going�Igiflgt9gothorwithintarestthoreonatthoQafautt►ateprov(dedlnthallot�.whlchsh�tlba � ,
<br /> " ' •' ' addetf to thQ in�dnos�secured hereby►.tsrtder she11 nat incur Anyt Ilabl�ity because o?tin�Mtng it may Ao ot om�to do � '
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