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<br /> lfi�b � Qoa. 94 ' .#;?:..�
<br /> ' YHIS DEED OF YRUSY,I�rnsad�ao 04 tho day o ,19—�by ond�mortp
<br /> • � tho Truator, Franaia S�ha�i 1i, f,p,p��p s� Saj�� ,�etb�nd end wife , -
<br />- who�o molllna addresa I� �69Q E 9e�adli.ny Mil�i Rd (�rend Ielant�oruln"True�oi;'w�he�er one or more). -
<br /> - „ the Truatee, Five_Pointe__Bank. � Harbre�ke CorRoration " �`-
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<br /> •• P.O. Iiox 1507 lirend Ioland, HE 6�802 ' � '+'*`- �
<br /> �lho�a malling addro�3 I� (hcroin"Tru�tc�'�,c�nd � ':
<br />- Five Poin�a Bank " �
<br /> . the Benoilciary, —� •:,��
<br /> whose malli�g address Is 2015 H. Aroadrell Iirand Ieland, HE. �8802-iS07 (hereln"Lender"). �� � �
<br /> ,. FOR VAU.�ABLE CONSIDBRATION,Includiny Lenddr'o extensfon o}c�sdit identifled hereln to renaie S�heoi � "`��
<br /> 8 Cunetance SaAeaf (herein"Bor►ower",whether onn or more)and the t►uet hereln areated, „ '
<br /> the recoipt of which Is heroby�tcknowledged,Trus4or hereby irrevocably grants, transtern, convoya and asalgna to Truetae,IN ��`
<br /> TRUST,WITH POWER OF SALE,for the beneflt and securlty ot Londer,underend eubJect to the terms and conditlona herelnafter eot
<br /> . iorth�E BAT�'�Ap4�eiED��XH�c��I�d��soliowa: , . . ;,�,
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<br /> Together with all buildinga, improvementa,fixtures,streets,alleys,passageways,easements,rights,privllegea and appurte- ^ �,
<br /> nances located thereon or in anywlue pertalning thoreto,end ihe renta,Issues end profits,reverafons and remalndora thereof,end " .g;
<br /> auch porsonal property that Is attached to tho Improvement�so ae to constltute e fixture,Including,but not Ilmited to,henttnfl and .. �`t
<br /> cooling equipmenx end together wlth the hamestead or marltal Interests,if any,whlch Intereats are hereby roleased and waived;ell • °
<br /> ot which,Including replacement3 and additlons thereto,la heroby declared to be a part of the raal asteto aecured by the Ilen of this �':, ,;�;�-
<br /> „ Deed of Truet end all o}the(oregoing being reterred to herefn ao the"Property". : �`�''
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<br /> This Deed oi Trust ahall secure(a)the peyment ot the principel eum and interest avldenced by a promlasory note or credlt n;'�. !.Q
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<br /> agreement dated Deae�ber 16th 1994 _,havinp a maturity date of June 19th 1995 , '
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<br /> in the origlnal prtnclpal amount of$ 25,000.00 ,and ony and all modificatlons,extenalona and renewals •<` .i.
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<br /> tnereol or thereto anct any ena an future aqvances anu reativances to tiorrowor (ar any ot tnem it more tnan one)nereuntler =
<br /> • pursuant to one or more promissory notes or credit agreements(hereln called"Note");(b)the payment of other suma adva�ced by � �
<br /> Lender to protect the security of the Note;(c)the performance of ali covenantaand agreements of Truator set torth hereln;and(d)ell
<br /> present and tuture Indebtedness and obligaUons of Borrower(or eny of them If more than one)to Lender whether direct,indlrect, . `
<br /> absolute or contingont and whether erising by note,guarenly,overdraft or o�herwlae.The Note,this Dead of Trust and any and all <�
<br /> other docusnta that secure the Note or otherwlso executed In connecGOn therowith,Including without Iimltation puaranteea,security ��?:
<br /> agroements and asslgnments of leases and rents,shall be refArred to he►eln as the"Loan Documents".
<br /> Trustor covenents and agrees with Lender as followa: i:�+
<br /> 1. Payment ot Inde�tedne�e.All indebtednesa aecured hereby shall be paid when due. •� •
<br /> 2. Title.Trustor Is the owner of the Property,hae the right and authority to convey the Property,and warrants thet the Ilen
<br /> . , created heroby le a iirat and prior Ilen or� the Property, except tor Ilene and encumbrances set forth by Trustor In wrlting and !
<br /> delivered to Lender bofore execution ot thia Deed of Trust,and the executlon end deiivery of this Deed of Truat does not violate any •�� ��•�=�_-
<br /> contraat or other obligatlon to whlch Truator Is aubJect °�`
<br /> 3. Tix�a,Aw�ssmtnb.To pay before dellnquency all taxes,special assessmente and all other charges against the Proporty I ,;`' '
<br /> now or hereafter levled. � '
<br /> 4. Inturancs.To keop the Property insured egalnst damege by llre, hezards included within the term"extended coverage",and �
<br /> such other hazards as Lender may requlre,In amounte and with cornpanles ecceptable to Lender,naming Lendor as an additlonal �;'t
<br /> � named Ineured,wlth losa payable to the Lender.In case of losa under such policfes,the Lender Is authorized to ed)ust,collect and ,�'
<br /> compromise,ali clalma thereunder and shall have the optlon of epplying ell orpartof the ineurance procoeds(I)to any Indebtedness • �:
<br /> secured hereby and In such orde�ea Lender mey determine,(il)to tF�eTrustarto be used tor the repalr or restoratlon of the Property , ' ��<
<br />�� or(111)for any other pu►pose or object setls(actory to Lender without eitecting the I len oi this Deed of Trust for the full emaunt secured I . •�,,
<br /> hereby before such payment evor took place.Any applicatlon of proceeds to Indebtedness shail n�t extend or postpone the due ;'
<br /> date of any paymente under the Note,or cure eny de}ault thoreundor or hareunder. :
<br /> . " b. Escrow.Up�n written demend by Lender,Trustor shall pay to Lender,In such manner as Lender may deslgnete,sufticient �
<br /> auma to oneble Londer to pay as they become due one or more of the fol Iow ing:(i)all taxes,aysasamonts and other charges against I ,
<br /> the Property,(II)the premiums on the proportyr insurance requlred hereunder, and (Ilf)the premluma on eny mortgage Insur�nce �
<br /> , required by Lender.
<br /> 6. Malnt�nence,Repsin and Compllanco with Law�.Truator ahall keep the Property In good condition and repalr;shall ;
<br /> , promptty repalr, or replace any improvement whlch may be damagad o�destroyed; shall not commft or permit any waste or �
<br /> � deterioratlon of the Property;ah�ll not romove,dernoilsh or aubstantlally alter any of the Improvements on the Property;shali not
<br /> commit,suNer or permit eny actto be done In or upon the Property In violaUon ot any law,ordlnance,or regulation;and ahall pay and
<br /> promptty dlachnrge at Trustor's cost and expenae all Ilens,encumbrances and charges levled,Imposed or assessed agalnst the
<br /> Property or any pan thereof.
<br /> ' 7. Eminent Domaln.Londer is hereby assigned all compensation, awards, damagea and other peyments or rellef(horofnafter
<br /> "Proceeds")in connection wlth condemnation or other taking af the Property or paR thereof,or tor conveyance In Ileu Of condemna-
<br /> tion.Lender shall be ontltled at Its option to commence,appear In end pro�ecute In its own name any actlon or proceedinga,and ••
<br /> ahall elso bo entitled to mako eny compromise or sottlement in connoctlon vrMh such taking or damagv.In thv event any portlon of
<br /> the Proporty le so takon or damaged,Lender ehall have the optlon, In Its sole end absoluto discretlon,to apply all euch Procneds,
<br /> efter deducting therefrom all costs and oxponaes Incurrad by It In connacUon wfth auch Proceeds,upon any Indebtednosa securod ��
<br /> hereby and In such order a�Lender mny determine,or to apply all such Proceeds,atter such deductions,to the restoretlon oi 4ho
<br /> Properry upon euch conditlone es Lendor may determino.Any applicatlon of Proceeds to indebtednoss ahall not oxtend or postpone
<br /> T = - ma aue dato of any paymants unaer tne Nuto,or cure any tlotautt thoreunder or nereuntler.Any unapptied funds sholl be pald to
<br /> Trustor. -
<br /> � B. P�Norm�nco by Lend�r.Upon the occurrence of nn Event ol Delault hereunder,or Ii any act fa teken or logal proceeding
<br /> �, commencad which materially aifocte Lendor's Interost In the Property,Lendermay In Its own discretlon,but withaut obligation to do .
<br /> ; 30,and without nottce to or demand upon Trustor end wlthout roloaelny Trustor irom any obUgatton,do any act whlch Trustor hau
<br /> 4 agreed but talls to do end may also do eny other act It deems necessary to protact tho security hereof.Trustor ohell,immedlately
<br /> upon demand the�etor by Lender,pny to Lender all costs end expensos Incurred and euma expended by Lender In connection with
<br /> � the exerClee by Londer of tho(oregoing riphte,together with Intereat theroon et tho defeult rnte pravided In the Note,whlch shail bo
<br /> addeci to the Indebtedneas socurad horoby. Lender ehall not incur any Ileblliry beceuse of anything It may do or omit to do
<br /> � • horeunder.
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