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<br /> - -__ ' . � " � '_ D�ED OF Tf�tiST WiTH FU4U9iE AQYr4NCES . . '
<br /> . _ �. o• . ...
<br /> , <� r � THlB OEE4 OF TRUST.Is m3de as of Ute2�lh dgy pt J�7lr .19��.by Siid 2mOttg � ' ` �
<br /> , �` ,�
<br /> j'�'° Soarer Le�n�rd & JanQ12e Leanard DuaDand and rife . -_ ``�. �
<br /> �. ,�•� : fheTrusmr, '' ' �,,_ •. +� , . . .�
<br /> : ` ?.�+�5 i! llortb FraaL St 6a�and is2and l�e 6,�8�i'�e�ne ar mare�. < r
<br /> -- � . . whoss mailing e�dress ts (herein"TruaLar. �
<br /> , �� Five Pointe Eank e Hebsaske Co ora4ion � � ��1�
<br /> the Tiu�tte� � . . E . - , , .
<br /> ' �t ` P.a. Box 15f87 Grand Ys2&nd. HE� 68802 _ � •
<br /> — } . . .
<br /> r,..----�_ v�hose maffing address is• . , (heretn"Tn�stea�.and �t�� �
<br /> .-„-�-. .._ - - �• •-
<br /> , . . t�a Beneflclary. Five Pointa Banic , . `
<br /> . . �{
<br /> . � ', whose m,ailing 8ddres9 ts Z8�5 H. Bro�Bvsll C,rand Is18nd, tiC. 6@8@2-150? {her+ein"Lender"). •
<br /> � � �. .
<br />—= FOR,VA�UABLE GONSlDERATIqN.including tender`s 9xGenaion pf credit idantified herein to°�er l.e�Onard �,.r.. e .:�.
<br />_ _ ' ` a 8anelle Leattsrd (heretn"Borrowe�',whether one or more;and the dvst herein areated. . � .
<br /> 4he recetpi at whicA is herebY acEcnowledged.Tnistor hereby irrevoca6iy grants.transfecs�con�eys and assfgna tu Trustae.IY�1 �d.p.•--��:
<br /> � • 'fRIJST.W6HPOWEROFSALE.fcrthebenefitandsecurityratLender.underandsubjecttothr�termsandconditionsheretnaRerset �� � .E � -
<br /> • . `��`�`�8�''������r u �1�59' 11�I6li7S ADDI�'IOH TO '!'HE CITY OF • ' ' _
<br /> �,��` _ - Gi�(WA ISLAliD , HA?.1. COIIS'iY. HE8EA5{iA. � { - --
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<br /> _..�1 �. . .. _ i -.�R� -
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<br /> �y�;�' . �,_, . . . . � ., ' ` . L' .
<br />�f . � • . .-�t_�!'���__-.
<br /> � TOgstlfer wiU►81144ildings,imprqvements,fixhues.streefs,aiteys.Passa9eH►aYs.easemenls.ri9ht�Prtviteges and eppune- . :�� ,*: y
<br /> " nanr,as tocaisd thereon or in an}rorise pertai�in�7 thereto.and the renis.issues and profit9,reversions and remaindersthereof.and „� 't�-'�'<•
<br /> . ,: ��- , such onal r� thad is attached to the improvems�so es to constitute a fndure.inctuding.but not ftmited to.hea�ng and �= , - - —
<br /> ' De►s P DerlY 'te _
<br />�� cooling equipmen�and�ngelAer witriUFeliomesfe$7 ar rtiaiital irit�r�"st-s.it�njr.whiCri in��e�is ar�her�lsy r61��seif BittlWffiVe�f;Hll..._ .....__ �
<br /> . �. '.• � . of whtch.including reptacements and addi�onsthereto.is hereby dectared t�be a p&rtof the rea!esta�secured by the{ten offfii� ' '
<br />�� . . ' Deed ot Trus3 artd ait of ths toregoing being referted to herein as the"Rroperty". ' � �� ! ���-� ':-'��.
<br /> ' .' ; ��
<br /> , .� , ,- , This Oeed ot Trust sha:tl secure(a)the payment ot the principal sum and_interest evidertced by e pram(ssory note or credlt . ��. : .
<br />_ ' _• - -' -
<br />- � ., . • Jennery 2�tb 1995 reA,��,► x�a iss� _ _ .
<br /> . . agreement daGed ,havfng a maturity date of . �. , e
<br />_���.. • .. _ . ira the or(ginal prinetpel amount of$ 9,413.0Z ,and any artd all modificatlons.extensEans and renewafs ' �.,
<br /> thereoi or thereto and any end all tuture e�vances and readvancea to Bonower(w any of them it mor�than one)hereundee `�
<br /> pursuant to�one or more promfssory noLQS or credit agreements(herein ealled"Ntote'7:(b)the payment of other sums advanced by ,-� ��
<br />�� �•.".. •- '• .` tertdertoprotectfhesecurttyoftheNute;(c)lhepertormanceofallcovenantsandagreementsotTrustorsetforthheretn;and(djali . _
<br />=-� � preseni and future indebtedness and obtigatIons of Borrower(or any ot them U more than orre)to Lender whether direc�indfrec� .
<br /> y�� . . ' ahsotute or contingent and whether adsing by note.guaranry.overdraft or otherwis�The Note this D$ed of Trust and any end a!1
<br />�.. :: . ' otherdocuentsthatsecureths{Yoteorothemissexeouted ln connectian lherewitA,inctudfng wiffiautlimiffitfon guai2ntees,seCUdry Y��:
<br /> _ _ __ " agreements and assignments ot teases and rents.shall be reterred to herein as the"Loan Documenta". � `; f�
<br />� . . Trustar covenanb and agrees wiM Lender as fottows: : " ��
<br /> $ .
<br /> t. Payment of Ind�bt�dntw.All indebtedness secured hereby shall tra pai�when due. , , . � .,
<br />_� . . 2.TiW.Trustor ta the ownor ot the Property.has the right and author(ty t�convey the Property,and warrants that tRa lien �, � . ::����__
<br /> � ' Creatad hereby is s flrst and p8or Iien on the Properry.axeept tor lisns and encumCranCes set forth by Trustor in wriUng and � ':i�� `
<br />-�. , . d
<br /> . delivered to Lender before e�cecutlon o!th(s Qead of Trust artd the execuUon end deuvery o1 tMa Deed ot Trusi dces notviofate eny +•� -- :���° '
<br />���° � • con�act or o4her obligaUon to which�rustor i9 subject E • ' : , :
<br /> � . 3,Ta=u,A�waart�e�td To pay betore de►inqueney ail taxea.aPeelal assessments and all other ehargesagainsttha PropeRy � �
<br />�� �• , now or hereafter leviad. .. .
<br /> �. � -� 4. trf�urac�e�ToWaeptheProperty(nsuredagainstdamagebyflre.hazardsincludedwithintheterm"extendedeoverage'.attd � .' • �
<br />'�' ' . � �• such other hazards as Lender may require,ir►amounts artd with companies accepfabte tv Lsnder.narr,ing Lender as en addWonat ( .. _. �
<br /> . - --. -�� named insnre4,with toss payabte to Ne Lender.In case ot Ioss under sucb policies,the Lender ls authodzed to adjus�coltc3ct and ' � `- `
<br /> .. compramise,ait ctaimsthereunder and shaU have the opUOn of apptying all or paR of iho Insurance proceeda(i)toany indeDtedness � ' `.�. �'l .
<br /> f � sBCUteO hereDy and ln such order as Lender may determine.(ii)to the Trustor to be used for the rep�ir or resforation of the Prpperry . �
<br /> �, n � , � or(lii)forany other purposeor obJectsatlstactory to Lender without affecting the tten of this Deed ot Trust for thetuil amountseeured • . �
<br /> • . hereDy botore sucb payment ever took ptace.My applicaUon ot proceeds to indebtedness shall not extend or pos�orte the due . . . _
<br /> ' • � ' date ot any paymenb under the fYote,or cure any d�fauit thereunder or�ereunder.
<br /> � -.' - � 5.Escrorr.Upon written demand by Lender.Trustor shall pay to Lendar.in�uch manr.er as Lender m�y designate.sufficient - �� �
<br /> - • . - � sumstoenabteLendertopayastheybecomedueoneormoreofthetoltowing:(i}alltexes,assessmenisandotherchargesegainst " � '
<br />- � . , ' the Property.(ii)the premfums on th9 properry insurance required hereunder,and(iti)the premiums on eny mortgage insurance - �_-
<br />'• � . • repuired by tender. .
<br /> ;,�__� � 6.ltaTtfllnsne�.RpaUS and CoenpltanC�wiltf Law�.Trustor shall keep the Properly in gaod candtttan and repalr.shalt •
<br /> , ' �• promptty repair,or reptace any impcavement whicb may be damage�or destroyed-shall not commit or permit any�ra5te or �
<br /> � denarloration of thq Property;shall not remove demolisb or substantialty alter any of the improvements on ths P►operry:shall nai . • .
<br /> , commit sufler or pe.-mjt any act to be done in or upon ihe Property in viotatlon of 8ny law,ordinance or regulatlon;and shall pay and � .
<br /> -�" � prampUy discharge at Trusmr's cast end e�cpanse all Itens.encombrances and charges fevied,impu�d or assessed agalnst tha •
<br />��-� �. ' � 'ProPeK!►or any Part thereot . .
<br />_�, ' 7. �Qamatn.Lender is hereDy asslgned ali compensaUon,awarda,damage9 and other payments or relte!(hereinafter
<br />- Pro�eflds?i�conrtection wlth condemnation orother taking of the PropeAy or pareU►ereut,or for canveyance in Neu otcor+demna- •
<br />-''� Uon.LenCer sAall b�entlUed at its optton to commertce, � �
<br />�;� �( appear ln and prosecuts in fts own name any actlon or praceedings,and '
<br />-_ _ � :� sfialt etso be erniUed t�make any compromise ar setttement tn conneoUOn with suCA tak(ng or damage tn tt�e even!any poRion of . � . '
<br /> th9 Property is so taken or dam�ge�t Lender shaii P�ave tha aptton,in its sote end aLsotutedis�retton.to appty all such ProceedsL
<br />_ , � . af0er d9ducUng theretrom ali costs and expenses fncurred by it in connectian wltR such Praceeds,upon any indebtedness secured �
<br /> _ � � � hereDyr and in suab order as�ender may determine,or to appiy aiP such ProCe9cts.efter such deductions,to tRe restoratton of the � �
<br /> ' PrapeAyuponsuchcondiUonsasLendermaydetermine Myappuca�onolProceedstolndRbiedrtessshallnote�dendorpostpone
<br /> - ��� � � the due daLa o!eny paymenb und8r the Not�or cure 8ny detautt thereu�der or hereunder.My unapptied funds sha�i be paid to •
<br /> . Trus�or. � . .
<br />- , •- •� � 8.P�c[ormaric�by Lendf►.lJpon the occurrence ot an Event of LDe?ault hereundsr,or H any act is taken or tegal procaadtrtg � .
<br /> cammertCedwhlChmafertattyaft�etslenQe�'sinteresiintheProperty.Lendermayin!ffio�rndiscreU.on,bvtwithoutobUgationtodo � �
<br /> ___ so.end wlthaui noUce Lo or demartd upon Trusmr and wlthout releaslrtg.Trustor from any obtigaUOn,do any aGt whtch Tiustor ha3 '
<br /> . • ° � � agreed 4ut faits tn Qo and may stso do any oti�e►act it deerns necessary to protectthe securify hereof.Trustor ahail.Immedlatety �
<br /> upon demand theretor by I.ertder,pay t�Lenderail costs and expenses irtcurred and sumsexpended by tender in connecUon with '�
<br /> ' . . . � thaexerclsBDylenderottAstoregofngrighb.toge2herwitbinterestthereonatthed8fauttrateprovidBdintkeNOte whichahailbo
<br /> cddsd t�the indebtednes9 sacured hereby. LenQer eha11 rtoi Incur any tiabftity because ot anything ii may Eo or omit to do
<br /> ' F hereundar. , �
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