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<br /> - --- � �h�r��rrll�se!�r!!c�r�1�.. _,...�.�....,�.. ��reln"Tru�, w�r�or�ib*�� ,
<br /> �T��� , �,,,,� point. Yapj���..rlb,�"�■ �oraor�tion �
<br /> P.O. 8ox i�'7 Gr�nd I�t�nd. N� 6HHP2 _ _._._ (h�Mn°'Ti�s1M"�,a�nd
<br /> _�� w�aN r►t�IKnn addr�OS Is ° -
<br /> tM BM�eHctary� - Fiv� Pol.e�� �nk _ ,..._.^ --°
<br /> � --- - --- � whae rnr�tltny Wdraan Io 2s15 M. Broedrell (ir�nd Island► N£. 6A802°i507 �_�,(her�in"��nd�'9•
<br /> Jn•n� P Sukol
<br /> FOR VAWABLE CONSiDEF1AT10N,Includiny Lsndsr's extsnalon of credit iderttlflud herMn W_ ..-._ -.--
<br /> — 4 Carla A So�tol (hsraln"Borrow�r",whether one or mare)And the Wat herein crwlsd,
<br /> the recapt o1 whieh Is hereby aeknowlodyed,Truator heraby Irrevocably prants,tranNer�,eonveya and aseipna b 7ru�s. !N
<br /> -- TRUST,W�TH POWER OF S111.E for ths beneHt anc!isecuriry of l�nder,under encl aubjecttothe tsnne wnd cor+ditlass h�rNruifwr wt
<br /> fc►rth�the re�l pra►orty,ae�cdnaa..faa�.:
<br /> ' � Lot '�xenty One t2i�. �3�� �i� l6) �13�n��!c F��rpht� Addition Lp �.inaoln�
<br /> ' S�aondtSubd3viiion,�lGrand�I�l�nd. Hill County8��l�bri,k�Thre�+ �3). Lr �Right•
<br /> - `"'"-`'� r.v,.�her with all 6u►ldinps,lmprovemente,fixturee,�treeta,aiieys,pawagewaya,easeme�a.ripn4�,priviiayv:�nu�+�u_:�- -
<br /> ��� , nancw located therso��t i�t�ttsched t�the Improvetm�te so as ro co Nitute a(ixturs,includtny,but�not!!mt�Nd W,�be�tin�and
<br /> auch p�►sonal prapeAy
<br /> conllrs�equlpmenx und topether w(th the homeatead or o�arital Interests,ii any,whlch I�tareata ere hereby releaeacl and walvsct;all
<br /> - of whioh,including�eptacomenta and edditlons thereto,Is heroby declared to he a part of the real estats secursd byMe IIAn of thb
<br />-=_�=.-- Deed of Truat and ell ot the toregolnp bainp roterred to hereln ae the"Property".
<br /> _�= Thls Deed Qf Trust ahatl sec�re(a)the payment of the principal sum and IMereat evidencad by e promiteory note or credit
<br />----� .�� �TOVewii@i� �Zi �°+�:..° _
<br /> � egreement dated Kay �th 1935 ,having a maturfty dato of �
<br /> -���
<br /> '--`�"���� in the orlglna!pdncipal amount of S 89'�'� , and any end ail modiflcatlons,ex�ensiona and renawais
<br />�"•�''� thereof or thereto and nny and ell tuture advancea e�nd readvances to Borrower(or any of them if more than ons)hereureder
<br /> __��`;-� purouant to ona or more p►amissory notes or credit ayreoments(herein callod"Note");(b)the payment af other aum�advanced by
<br />__- Lender to protect the securiry of the Note;(c)the per(armance of ell covenants end agreementa of Trustor sM torth herein;nnd(d1 ell
<br /> __�„i,�j,`;;;;(�•'?� present and tuturo Indebtedneae and obli�attons of Ciorrower(or eny of them if more than one)to Lander whether dlroct Indlrect, ^
<br /> _�.-����� absoiute or Contingent and whether eriafng by note,fluaranry,overdraft or otherwlse.7he Note,this Doed of Trua!and a:►y and ail
<br />.�„�,�;,•,_,.�_.,� other docuenbthat et�cure the Note or otherwlse executed in connaction therewith,including without Ilmitatlon guarantees,secur(ty _
<br />�_z_�-��,. _- agreement�end eastgnments of leasas end rents,shall be reierred to heroin as the"Loan Documente".
<br /> Trusto�covenants end egrees wlth Lender as(ollows:
<br />-`<T`=:;m��� 1. Parm�nt of Ind�bt�dnaw.All Indebtednesa secured hereby shall be pald when due.
<br />=�°�a`�`F' 2. Titl�.Trustor�a.~a owner of the Property,has the rlght end authority to convey 4he Praperty,end warrant��a.the Ilan
<br /> _ .-�......,.��'.�
<br /> -- -_;=;_ =�_•� crea4ed hereby io e first and prlo� Ilen on the Property,except for Ifens and oncumbrances set torth by Truator In wdtlnp an
<br /> ^- ]��' dellvered to lender befure executlon of thla Deed o}Trust,and the exe�ution and delivery o}thta Deed ot Trust doas noi violate an��
<br />��-�•f.._.�.LL:�..cL'.�
<br /> __;�a:�s�+� contrect or other obligation to�vhich Trustar is suhJect
<br /> =„, :r•�: 3. TixN�Asa�wm�nta•To pay betore delinquency ell taxes,eReclal assessments end ell other chargea sgalnat the Proparty
<br /> :V,.. ���r ;�,.
<br /> � �R� : , � now or hereafter lovlad.
<br />-'��`'��'�'`t� 4. In��aranc�.To kec+p the PropeAy Insured apelnst damage bytira,hezerds Included withln Qhe term"extonded coverase",and
<br /> �1�� � f� . such other hezards ae Lender may require,ln emounts and witt�companies acceptabie to Lender,naming Lender aa an additional -
<br /> ` named Insured,with loss payable to the Lender.In casa ot loss undc+r sucli policles,tho Londor is authorized to adJuat,collect and -
<br />'"�y:�:-A ,_,._ compromise,all clalmsthereunder snd ehall have the optlon of applying all or partof the insurance proceeda(i)to any Indebtedness
<br />- � -�.- . securesd hereby end in auch order as Londer may determine,(II)to the Trustor to ho used for tNe repalr or restoraUon ot the Property
<br /> � �'' or(fii)tor any other purpose or obJect satlatactory to Lender without atfecti ng the ilen ot this Deed of Trust tor tho tull emount eecured -
<br /> =�~.��;:��`��• hereby before such payment aver took place.Any epplicatlon ot procaeda to indebtednesa shull not extend or postpone the due �
<br /> � �'���"`����� dete of any p�ymenta under the Not9,or cure eny defauit therounder or hereunder.
<br /> � " b. E�crow.Upon written demend by Lender,Truator shall pay to Lender,in such menner an Lender mey dosignate,suHicient �=
<br /> �•• sums to enablo Lender to pay ae they become due one or more of the tollowing:(i)all taxes,assessments and other charges againat ,
<br /> l ` � � the Proporty,(II)the premiums on the property Inaurnnco requlred hereunder,and(111)the premlums on any mortgage Inaurance
<br /> . �
<br /> ,.� requlrad by Lender.
<br /> 8. Meint�n�nc�� R�paln�nd Compllanc�witA I.awi.Trustor ahali keep the Property in gQOd conditlon end repair,ehall
<br /> %+ p�omptly repalr, or replace any improvement which may be dameged or destroyed; ehalt not commit or permit uny weste or
<br /> detertoraUon of the Property;shall not remove,demolish or subatentfally elter any of the improvemente on the Property;shail not
<br /> ���� commiL euHer or permit any ect to be done In or upon the Property In vlolaUOn of t�ny law,ordinance,or reguleNon;and shail pay and
<br /> :* prompUy dfschsrga at Tr�etor's cost and Axponae all ifena,encumbrances and cherges lovled,Impo�od or nssos�cd agalnst the
<br /> t,, c, Proporty or�ny part thereof.
<br /> '��': 'f% 7. Bminmt Domtin.Londer le hereby asstpned all compensatlon,awards,damagea and o4her payments or rellef(herotnafter
<br /> �'�`-�`;� ; "Proceeds"�in connectlon with condemnc�tlon or other taking of the Property or part thereof,or for convoyence In Ifeu of condomna-
<br /> �� �•°��'°� tlon.Lender ehait be entltled at Its option to commence,appear In end prosecute in Its own neme any action or proceedinge,and �
<br /> shall elso be entitied to make eny campromise or serilement in connecNon with auch teking or damage.In the event eny purtlon ot
<br /> ��-'•��� ___�_�...� �e....e.oHo�i►,o..o thu nntinn �n Ita snie and abaolute dlscretlon,to apply all such ProCeede,
<br />� -----_._--— -z i11B�'fUpafiy 15 6v iono�t v.va...oyo..�....••��• �••••..•'-'__'--�_' • -
<br /> ,c•5'T` after deducting therefrom ull coats end er.penaes Incurred by i4 in connectlon wfth such Proceeda,upon pny Indebtednoss secured
<br />. ' • .,• hereby ar�d In such order ae Londor may determino,or to epply ell Ruch Proceeda,aite�auch�oductlons,to the restoraUon of the
<br /> Property upon euch cnnditlona as Lendor moy detormine.Any appllcatian of Proceeda to Indebtednsss shell not extend or postpone
<br /> , ti�e due dete ot any paymenta under the Note,or cure eny detault thereunder or Meres�nder.Any unappUed tunds aliell be pa[d to
<br /> �' Trustar.
<br /> � g, p�rformanc�by L�nd�r.Upon tho occur�once o}an Event o1 Default hereunder,or If nny ect Is teken or Iogal proceeding i
<br /> commencexf which materlaliy attecte Lendar's Interest in the Property,Lendor mey M Ite own dlsaroUon,but wtthout obllgation to do
<br /> so,and wfthout notice So or demand upon Truator snd wtthout reloasing Trustor from any obitgation,do eny act whlch Truator hae
<br /> apreed b�t talls to dA end rtiay slao do any othor ect It deema necessary to protect tho socurity hereof.Trustor s��ull,immediately
<br /> - upo�demand therefor by I,.ender,pay to Lendor al l costo and expenses I ncurred and sums expended by Lender In connectton with
<br />• . the exercise by Lender o1 the foregoing righto,together with Interout Ihereson at the d�tault rate provtded fn tho Note,which ahall be
<br /> added to the indebtQdnesa eocured heroby. Lender shall not Incur any Ilabllity becauso of anything ft may do or omft to do
<br /> . � � hereunder.
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