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<br /> -- �°�'- ['.L�. Hax 15$'l Cdre�ta�l Iol�ri�l, ti� �i�002 ._. (hsr�6n"Tru$M�'q.anc� --
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<br /> --- ths Bsne?iclary, _�... °---�---------• _
<br /> '" �P�1� �?, t§ruudeRll Grand Ialand. N�. G�3(10�-1a�'T ��h�nutro"�.arjdmr'ry.
<br /> ---.= ____ whosa Inalllnp eddrosa la__... ------�----
<br /> -- �uak'e Hov�.n�p l�nd ator8g� i:e_ _
<br /> -_.�_._== FoA VALUl19L�CfJN�tD�WA7iQ(d.inc:ludlnU Lunde+'s�ex�.a�gloi�09 c+eu{t IdanY�Y�harq n co._�r__
<br /> _� d, HorRa� iluak ,���an"Oorrower",�vhether one or moroy and the hu6t hsrsin croateci�
<br /> � the rece�pt of whtch Is O�.e�•a4y acknowledqed,7rustar har�by frra�acabiy arunts,transtere,convsya and s�ts(gna tr�Trusis�s,IM
<br /> _� TRUST,{f�ITHPOWERQ3F�.ALE,forthehenalitanQse�s�rltyo}Lender,underande�bJecttothAtormaandca�di�lonaB4relnaTleseert
<br /> ---- t G�RAHD I�SLAN�D�I�A�r��H�TJY_,�H8DkA5KANi� �UF3DYdI520N, AH AQD?.TYpN 'PO THE CITY UF �
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<br /> =',�;r�.�.�_�;� Yogather wlth sl!bWldinfls,Impraver�ienta,tixturo9,etro�ta,otloya,pass�De��ys,easement9,rl9hts,privileges snd eupurr�- _..._
<br /> � nan�e�a lc�c�tsd therew�cr 1�anywise pertaln(rtfl thereto,anA ths ranta,6sauee and protlta,reverslona►and rematr►tle�s thersof,ern�
<br /> �T�r�' "'��_,, �; aucb po��orial properey thflt la attached ta the Improvemerete aa u9�o conatitute a fixture,Including,but not Itmite�d Ya,he�tinq p�Ki
<br />--�i�'-�L����� coolinp equiprnenL'and tayether wtth tha homestead or marital Intor��ts,If any,�vhlGb interasto ere hereby reloasad and wa(vad;af i
<br /> ? -�'^r o1 whlch,including roplaceraente and�ddltions thereto,la horeb�dectared to be e part of tha real eatate sacurad by the Ilsn of thls
<br /> -�`_""_'`"°� Qeed o1 Trust and&II a!fho totagoing beln9 relerred to her9ln e�the"Property".
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<br /> =�""_`.'--`-�-�--- � Tti����T���,�+�,�!����rc�d��tw�aymnnt�t tne prinsinal sum and Int€�rast evlcl�nced by a promfssory n�ZO or Credit
<br /> �.._,�
<br /> ��`'�a� ,,,. egre8mantdated April 16th 1995 ,hn►vin�a maturiry dato 04 �3ctaber 15th J.995 _�
<br /> �=- ��r i�e.W00.�DO ,�nd an and a111�i�llticaUans,e;cten�+lona n�d rersewels
<br /> `•�,;�4:..,4:,,,_�� •, in the original prin�clpal emount o4 S Y
<br /> .:.,,,n..,.r-.�c,,,+ .� , theroof or tharet�and eny and all tuture advances and readv�nces to�arrawer(or any ot them if more than ono) haroundM
<br /> ;�s�,-��„i�k����!;�,',�• ' pursuant to ono or moro promissory notes or credit agreemente(hereln cttlied"NoSe'�;(b)t7��payment of other sum�advanced by
<br />"•���:-•�+•:° ••�• •t Lendertoprotectth�secur[tyoftheNot�;(c)thepertormancdofellcovenantsendagreemsnf�ofTrustorEettorthherelrr,and(dJafl
<br /> -�.;���'�v�C.�, i prea.ant and tuturo Indebtednass e�d mbllpeUona 4t Borrower(or eny o}thum it moro than one)to Londer whether dlrect Ind(rect,
<br /> �•_�-�,�.�:+�.�• ahsotute ov contingent and whether artsin�by rtota,guaPanty,overdraft or othenvlse.The Note,this Decd o!Trust an�i any and alf
<br /> "'"�"'� ntherdocuenbthateecuretheNotaovatherwiseexecutedlnconnecUcntherewitfi,includingwithoullimitatlonguacantee�,sxudty
<br /> -;i„�5��I��'.�`.�,-`�� ngreements end assignmente of leases and rents,shall be referred to heretn e9 the"Loan Aocumenta".
<br /> •�,�*s�.�;;:�� TNStor covenants and agrees with Lsnder as toltows:
<br /> -..�;:.:;.����,;; 1,pa�nNnt o4lndobMdi�.A1��ndebtednoss aecured heroby shsll be pald when duo. =--
<br /> �*••��'•-� 2.Title.Trust�r Is tho owner of thA P�opeety,has tha rlght and authoriry to convoy the Proporty,end w�rrants that the Iian
<br /> :`z`}„ •s � --
<br /> �_..�,-,. , •„•:'�.. cregted hareby Is[�first nnd prlor 8on on the Properry,except tor Iiens and encumbmnces sst forih by Truator tn wdling encf
<br /> �-=�`=-���=��-'� detivered ta Lvndar beidre exeaution ot�this Deod,of TrusL and the executton and delivery ot ti�ts Deed o1 Truat doea not vlolate eny
<br /> -_'������� cantract or other oblfpatlon to whlch T�ustor Is eubJect Y_Y.
<br /> _•��_wy,=�.�;g�, 3.Tixw�At�Wn�nAs.To pay botore del�nquency ali tuxes,speclul c►ssessmants and ail ather eharpes egatnst the Properiy ___
<br /> =--- �--- now ar Prsreafter levled.
<br /> •����'-`» 4.Os�sun�tco.To keep tho Proporty In�ured agalnst demaDe by fire,hazards Included within tiie torm"oxtended coverege",end - ..
<br /> "�y':���'Y� auch othar he2ards as lendAr may requUe.in mmounts and wltN companles accepiabie 2o Lender,naming Lflndor as an sddlNonal _
<br /> � -- �amed Inaured,wlth bss payable to the Lender.ln crose of loss un�er such polisle�,the Londer Is authorized to ndJust coilect and =-._
<br /> compromtse,all claims Yhereunder and shall have the option ot eppiying all or part o1 the in;��:�nce proceed9(f)to eny Indebtodnes.9 �;;_
<br /> ' �~ .� •- secured hereby and in such order os Lender may determine,pf)to the Trustor to be usad tac�le ropalr nr restor�llon olthe Pro�reKy �• •
<br /> . �.•_
<br /> - �:�+�. or pii)(or any otfiar purpose or abJest satisfactory to Lender without aHoc2ing th&Ilen ot this Daed ot Trustfor tho futl c�mount secured f'�-:
<br /> ��� � '�`',�� � herQby betore suc'h payment over took plsco.Any eppUcatfon oi procesds to indebtedness�hall not extend or poslFone the due �`l
<br /> .,;"�'�i�'}'i�:.�. �• r.
<br /> ,.n�' :��'!";"�! data ot any paymenb underlhe Note,or cure any default th�rounder or herQUndQr. .
<br /> �-� '�� 5. E�crow.UQon writtsn domand by Londer,Trustor shsll Ray to Lendor,in such manrter as Lender may doaignato,euiftcbnt �
<br /> . ' � � aums to enabte Lenrior to pay as thoy bocome due ona or more oi the following:(I)all taxes,assossment9 end other chargos r�gainst
<br />- -.,�.r ' the Prop9rty.(�i)the premlums on the propaRy Inaurance�equi�Bd hQteunder,end(i8)the prAenlum�on arryr mort�ago Insurtanco
<br /> "�`�;ti�,,.� . •�, �eq�nirsd by l.endor. .,
<br /> ` � ��4ti=�� ' 6. Ma(nt�rtanc�,R�paln and Comp�lanao with Lewi.Trustor shnll keep the Property in good condltlon and repalr,ohall
<br /> ` '� ''-� . prompUy repair,or raplec�eny Improvemant whlch may be damaged or dosVoyed;shail not cQmmit or pemnit eny wa�te ar
<br /> . • ��i� doterioradon o91ho Property;ahall not remove,demollsh or substanUnlly altar any ot the Improvemonts an thu Praperty;shall not
<br /> . commlt,suflar ar pa►�mi3 any act to be done in or apon the Pvoperty In vtolaUon of any law,ardtnanco,or regulaUon;and sha►I pay nn�f
<br /> �' promptty dlscharg9 nt Trustar's cost and axpeer�o dll Itens,ert�umbrances and cP�erpos lovled,ImRosed or as�assod agAinst the
<br /> • ;;1�';;.° ,a Property or any part thareai.
<br /> �;�,��:i'�:' 7. Em{nsnl0om�in.Lender la h-�roby asaignod eil compensation,awards,damages nnd ot7�er paymonts or rellei(herelnutter
<br /> ° "�'� "Procaede")�n oonnecUon wlth condomnatton or other taking ot the Property or part Weraot,or for conveyance in Iisu ot condemna-
<br /> � • � tlon.Lcnder shall�entitled at Its optien to commencra,eppear fn end prosocuto in Its ow�name any ectlon or proceadings,and
<br />- ahnll aluo tro ontitl�d 4o mako any compromleo or so4tlemont In connectlon wfth such taking or damago.In the ovont eny portlon of
<br /> -•• the Proporty Is aQ tcalton or damaged,Lender ah�il havo lhe opUon,ln its solo and a6soluto dlscroUon,to opply All�uch PracQeds,
<br /> aftov dec�uctlnQ therelrom all coot�and oxpons��Incun•od by ft In connectton wlth Quch Pracaods,upon nny Indobtodnpss socured
<br /> - �.��...�W i..«...A...Ae.m 1�/!ee mnu Aolnrminu �v tn anniv ail nuch PrnrnnAn aftnr cuch daducilnn�m tho reutornUon ot the (
<br /> -- -
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<br /> - • Proporty upon su�l�condfUons as Lendormaydotermino.Any appllc�Uon af Procaeds 40 lndabtednos�ehall not extend or p�stporte '
<br /> ,� tho duo date of any paymonts under tho Note,or cura eny dofault thoreundor or horeundor.Any u�apptisd funds ahall be patd to Z ,
<br /> " Trustor.
<br />._; . � 6. Pt�formence by lend�r.Upon tNe occurranco 9t an Event o!Dofault heroundor,or N ony act Is t�kon or Ieflsl procoedlrtg '
<br /> � commoncod v�hlch materlally attects Lendar's Inte�est in tho Property,Landar may In its ow�dlscruUon,but without obllgotlon todo i
<br />-- so,and wfthaut notico to ar domand upon Tlvstur end wfthout relea9ing Trustar trom any obligatlon,do any uct whlch Trustor has i
<br /> " �graod but faits to do anA may also do uny othQr act it do�ms nocosst{ry to protect the securtty hereof.7rustor ahall,lmm�dtatoiy �
<br /> upon domand lher�far by Lender,pay to lendor all cost9 end oxponsos incurred nnd�ums oxponded by Lendor In connaetlon wlth �
<br /> " tho oxorcise by Lsndor ettho fo�ogofrtg rlght�,togothor wf4N Intorost thoroan at tho dotault ruto provided In tho Note,whtch ahall b9
<br />- ., addod to lho indobtodnos3 sc�curad horAby. Lender ehali not Incur eny Ilabltity bQCauso af anythfnc� it may do or omlt to da '
<br /> � � horoundor. . , �
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