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<br /> �8b:1 �i. �rar��lrs�ll �&r�nd 3wzon�l. NC. 6b8�2-t�? ..�(f►�reln"l.a�+dr�r`q.
<br /> whode malllnfl addr�as Ig --- "'
<br /> :_---_�� Y i�DGiei'w' �i �.�C�:S ° . . ..
<br /> FOR VAi.IlABtE�C�N5IDERA�IQN,�In6ludlnQ Les�dar`e extens�on ol ccedN ldeH�liNAd hereln to�. _...-------.
<br /> ---�------_„�,,,.� � Shiri�y Fi Lu�th ---
<br /> - — (heraln"Borrowmr",wh�thar one br mcr�t)��d the�tru�t tior�ln ar�lasf,
<br /> -- ih;r�aaipt o�whloh is hereby aokr�owlad�ec4,Truetor hartrhy irrovocably grants,tranatare,corwe�rs and asa4qna to Trur�,it�
<br /> TRUST,WITW PaWER OF�/ILC,tortfin benetit and secu�ltyof Lendex,undara.nJ aubJectta tha 4arma andnondisions here(natM+'set
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<br /> __ for�ib�ie�f��lr��p�'����������P��n �15) in Col].�rye Addi�ioo to NROt Larn, �n e
<br /> - -- ___ -� e3t; o� C3Cxe� srt nn�i; LH�I��t Cauntv� M�Lraaka�.
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<br /> ~����,�+,� Topether a�ith a!1 bulidings,improvomenta.(I�cturas, streAta,e�112ya,pasaagewaye,easement�,righb,privl4sgea nnd appurtn-
<br /> ---,L.=� �:�%�__� nance9�QCated tiisr�on or io enywise psrta(ninfl incrcio.end 4iu�w�is,is�ua�arsd p�����,rLr�����n�ar�r'�:-�^d�r�th'�r`•-'��°r!� __
<br /> __--- --- such p�r,gonal proRerty thst Is attached to the Improuements sa n�4a aonatitute a Axture,includln�,Uut not 1(mitecf 3�,he�►UP�B end
<br /> __;�_-'"°=��1'� cooling equfpmenk and togethar wlth 4ha homestoxd or rnarltal intereets,if any,which Interesta are hereby released and waived;elf
<br /> �,�V of which,includinp�eppacamentsend additions therero,IshBmby al�ctared ro ba a pHrt oithe roAl aatntesacured by the Iler�ot fhla
<br />-=��n`�_?,�: Deed oi Tast and atl o!the ioregaing haing reterred to herefn as the"Properiy".
<br />_ .-:.;�,'�',•'�';;';'�;i'��
<br /> � �,��� 7his►Taed ot Trust shal!seuurd(a)the paymen4 0} the principal sum ctnd Interaat evldenced by a promlasory note or aredit
<br /> -� _ t:�.; Eity l�th Z@81�
<br /> � ����� 5�h 1995
<br />-°�`�C±".;.IS��19d'�,N,:'�J �iY �aylno a rywt��rlty dat0 ot
<br /> •.•. ggteerttiniiu"aicv - ' —
<br /> ;`�'�a� .. 12�22�l.6s
<br /> ' �= +; � 3G�� tn the origlnai princlpal amount of 5 ,and any and atl modiifcettons,exten3tons and ronewai�
<br /> " �'=���`_� 5����.�y • ther4o!oe thereto and any end all future advances end roadvancfls to Borrower(or any ot th�m It more than one)hereunder
<br /> ;;�;�;;. . f�",r!�;;����
<br /> -� �,�,{i pursuan4 to one or mora promfssory notes or credit agreomenta(taor�ln called"Note'�;(b)the p�s�rrnont of ori�er sums edvenc�d by
<br /> ��:§c,�A ;�' Lender to proteotthe securiry of the Note;(c)the performance oi ali cover�an�i and agreements of T►uatarset forth hereln;and(d)e11
<br /> � � tY'.�i.r.:•�.1�.s.Y� pr9sent and tuture Indebtedness snd obligationa o}6orrower(or any oi thom if moro than onej!o Lender whether direat,indirect,
<br />?'"�!��K'y���.��rt,� ebsolute or�ontingent and whether arisinp by note,fluaranty,averdraft or oihe�v+rise.The Nots,this Qeed aA Trret a�td any and elt
<br />—�,--;.:;•:--•�,•�- ' othor docusnt�thai aeaure the Note or othenvise executed In connection therewlth,l��ciuding wfthout Ilrnitetion�nerentees,security
<br />�--�'����'��'�!`� ' `� agreements and as�ignments of leases and�enta,shall be reter�ed to herein es the"Loan Omcumanls". -
<br /> ��•°^ Truator covenanb and agrees wlth Lender aa tollowa: --
<br /> -;.�:a;�:.:;.;,T.,,....,.- _�
<br />_=�" � °'''a"�"�' 1. Paymont M i►�d�btedn�ss.Atl Indebtednasa secured heroby shell be pald when due.
<br /> �':�;� �•�•^ ��� }� 2.Titir.Truator i�the ownor ot the Proporly,hes the right�and authorlty to convey the Praperty,and warrants that tho llen �--
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<br /> <' �;x.�,� � ,#e, created hereby Is a first and prtor Iien on the Property,excopt tor Ilons end encumbrances set forth by Trustor in writing and --_
<br />=•���� ••k� d�livered to Lendar be5ore execut�on of this Deed of Trust,and the executlon and dol(very of this Deed ol7rust doea not vloleta a.ny �`�
<br /> - =�_•��:��'"K ` contrsct or other obligation W w7�lch Trustor{s subjact �`°�
<br />�=��,�;e--r�f�;;'.�� 3.Y�xfe,A�oa�m�nta.To pay before dellnquency all taxes,spocial asssssments and a0 oitror charges agalnst the Pro�erly �;
<br /> �•`' ' � now or hereafter levled.
<br /> ��--
<br /> - •� 4. Inwr�nct.To keep t�e Property insured sgafnst damago by tiro,hozards included within th9 torm"extended coverage",eoQ �`°W
<br />' such ather hazerd3 es Lender may requlre,In amounts and wlth companie�acceptabie t�Lender,namirtg Lm�der as en additlonai -_
<br /> named insured,wlth los9 paya4le to the Lender.In aa�n ot lose undor such policles,the Lend��s authorizad¢r,adJu3t,cotlect and ��;�
<br /> h,. - � , comprornise,ait claims thereunder and shall have tho optlon of applying all or part of tho Insurance procesds(q t�any IndabtEdness �;��.;
<br />' '� ��' ' secured horeby end In euch order es Lender mey determine,(II)to tho Trustor to be u�ed for the r�palror restoratton o1 the PropArty F�T,:
<br /> ".. "';?:"��' �• or(ilq for any other purpose or obJact satistactory to Lender without atiecting the Ilen of this Deed of Trustfor the tull amount secured .�„ :
<br /> � ':'+��'' hereby betore such payment ever took place.Any applicatton o4 proceeds to indebtedness shail not extend or postpone the due
<br /> � ' date o4 any paymon�s undm►the Note,or cure eny defauit thereunder or hereunder.
<br /> � 6. Fscrow.Upan wrliten demand Uy Lenc9er,Trustor shall pay to Lender,in such manner ae Len¢lor may de3l�nete,sutticlent
<br /> _- t,,° sums to enablo Lender to pay es they becomo due one or moro of the toltowing;(i)All taxes,essessments and other chargas agalnet
<br /> . •���.•� the Proporty,(ii)the promfums on the proper4y Insurence requlred hereundor,end(III)the promlums on any mortgago Inaurnnce
<br /> ``�'.���� requlred by Lender.
<br /> " 6. MetnUmnce�R�paire and Compilarece with Lewa.Trustor sholl koep tho PropQrty in good conditton and repair;ehall
<br /> � . , � promptly repafr,or repince eny fmprovoment whtch may be damaged or destroyed;shall not cornmit or parmlt any waste or
<br /> �, deterioration of 1he Praperiy;�hali not remove,deP�noO�h or substantlally alter any ot the Improvemsnta on tha Proporty;chall�ot
<br /> " � commft,euHer orpermit�nyactto be donein or uponthe Proporty in vlolAtion of any law,ordlnance,or rogulatlon;und shall pay end
<br /> • • prompUy diacharge at Trustor's cost and oxponse all Ilana,oncumbrancas and charges levled,Imposed or essessed agafnst the
<br /> PropeRy or any part thoreof.
<br /> ' 7. �min�nt Domatn.Lendor Is horoby assigned all compensation,ewards,damages and oth0r paymente or reltet(herelnafter
<br /> "Procoeds'y In connectlon vrith condemnatlon or othorffiking o}the Propariyr or partthereof,or torconveyanCO In Ilou of condemna-
<br /> tfon.Londor shall be onc131ed at Its option to commonco,eppear in and prosocute in fte own name nny actfon ar procaoding�,and
<br /> shatl atso bo ontitiad to mako eny compvomiso or settlemont In connectton with such teking or damage.in the ovont any portlon of
<br /> � � the Froperty I�oo tnken or damaped,Lendor shafi havo the optfon,in its eate and ebsolute discrotton,to eppfy ail such Praceods,
<br /> __-�-_--- - - . . _. . ..---�--- -"---`---.,_ ,...........��..u=.........,o..tt....Wttno���hD.nr.nertn �mev�anvindnhtndna4n�ecurad
<br /> , Httsraeaucanginvroiro�nanvv�wa�...o..�..ow......,....,...�.......�....�_.._.._._'--'. . .'----^-�- - , -
<br /> � hmre6y snd In such order as Lvndor mny dotormino,or to appfy ell such Proconda,after auch deduc4tons,to tho restorrriion of the �
<br /> Praper4y upon cucl�candiUona as Lendor mny doterminA.Any eppllcatlon oi Proceedo to Indobtodness ahali not oxtond or postpono ,
<br /> thQ duo date c!eay paymonts undor tho Note,or cure any detault thereunder or hereunder.Any unappited tunds ahn11 be patd to
<br /> , �� Trustor. •
<br /> �•� � , 8. Port�msans.�a bq l.ander.Upon ths occurronco nt an Event uT Detault h9reundnr,or If ony ect le takctn or legal procacding
<br /> commoncQd whlch matorially attacts Lender's Interest in the Proporty.Londor rnay In Its own disare4lon,bu!without obligation to do
<br /> �. '� ao,and without natico to nr domnnd upnn Trustor end�Ithout releastng Trustor from eny obligatton,do any uct whlah Truotor has
<br /> . �preed but telta to do and may also do any other act 14 deom3 nocessary to protect tho seourity horeol.Trustor shail,Immodiafoly
<br /> � upon domand thorelor by lender,pay to Landorall costsand expanses Incurred and auma exponded b�Londer in connaction wlth
<br /> , •- tho enorciso by Londer of tho torogoing Nghts,together with Intorastthoreon et the del�ult rate prpvidsd In t�e Nato,whlch shall bo ��
<br /> addod to tho Indsbtednos9 aaaured horeby. l.ondor shAll not Incur eny Ilabllity bacause of anything it moy do o�oml4 tn do
<br /> heraundor. ,
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