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<br />" � ••` ����• � YfitS OF.�ED OF TRtJST.�s rr�do as a4 t�e.?,3tts--�Y o� Att - -19�:by at�d Beft0it9 ��
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<br /> `<. � . ' the Tnc�tor, ' • .
<br /> - `�' — — � -��-t�3�-�-��54 ` C,remd Ee18nd�erotn"Tru�Sr,��}��ormore� . �;�.'�
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<br /> •.;;;��r;; ' vsfiose maitirtg addnass is Fo 0. Box 1�7 Grand Iolca9, �E 688?12 (heratn'Trustea'�.ertd ,_V
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<br /> - � .. the8eneflci�ry. Five Poir�ts Bsn� • .`° `
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<br /> . ', whoso mailing Sddtess is_ �AiS H �rea�a 1 Graret!_Isl�as9. Fi� �897..t�7 (hereln"Lendet"}.
<br /> ��'r' � FOR VQttJABl.E CONS�DERATlOAl,tnctuding Lender's exlenston ot credit identifred hetein to '
<br />- , . , '; �� ��� 1 �s.e..�b+ . (herein"8orrower",whether one ar more)and the trusl herein Created.< _
<br /> ;. } ' °' T Y Y 9 and esstgns to Trustse,IN . 'F
<br /> � � the ra�eipt of whEch is here�by ectcnowtedged. rus4or hereD irrevocabl ranb.transi�rs.comeys
<br /> ' TRUST,WITpI pOWEROF SA1�.tor�e aenefitauuEs2curfty ot Lender.undsranO sabJecttatS�.atennsan0 condWana hereinafterset
<br /> ' ��• forth.the real property.described as iollow� . .'.�.'`�:,
<br /> �� �? r • Lot 'i'�eaty Five t25I, in lteet &�� Air Fi�th S�Ldivieian, i� '� Gitp of tis�ar►d ' � ,
<br />� �.• � �:�: Ielar►d. Hell Couatq. Biel�aalca. � . ' �'�
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<br /> x • a ewa easemerds.Nghts.Pdviteg�and appurte- °
<br /> �• .,:��V•, ildirt im rotremertts.fixtures.street9.atleys,,pas..a8 yfs. �,�s`'
<br /> Together with e!I bn 9a P
<br />.. , ,��1�:�� �•,� � riaiices located th�f�on al`in any�vi�a Dertainingthereto.and tne rents.�ssuea and profits,reversfons aad remaindets#her�9f,&nd
<br /> ' ' `, - such personal property that is at�l`fld to the tmprovements So as w consUtute a tixture,trt�udirtg,but rtot limited W.heatlng and ��
<br />�.��..:T.`r ,. ..'.�r.. "'a ���'.
<br /> coolirrg equipmen�and together��s S�e homestead or maritai interes�,N any,which inter�ests are he�eby reteased andvrahred;sil� ��
<br /> � � of which.Usctuding repSacements snd addiUo��thereto.is hereby dectared ta be a part of tltis reai esmte secureA by the lien ofthts �,�-
<br /> __ _.:_(.;..'��"° Deed ot Trust and�E of the toregoing being re�srred to herein es the"Properly�'. ` ��:�.,
<br /> . ." �;,..
<br /> �����`, ', t�_ Yhis Reed otTnpst sha(1 sec�re(a)the payment ot the prirtCipa!sum anQ(nterest evtdenced by a promissary aa2a�or aredtt —=
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<br /> " agreament da.ed ,!►s:giar�L �� ��95 -;having a maturity dats ot��_�.St:.___._—.. :' . _
<br /> �:.•� '�., � '. �� � •..' �in the original DHncipal amount of$ a27 018.@� .and any and atl riss4lflcattons.ex[enstona and�+rc�,�►ais ,;'s . �.
<br /> _ ' •,.���.f,,�� thereof or thereto snd any and atl tuture advances and readvanceg to Borrouver(or at►y oi them tt rJeare than dne}t��aimdsr� , ,: .-
<br /> ' � �� � pursuant to one or more promissory aotes or credit agreaments(herein calted°Note"{;(by the paymentci9o�ar sums ada�ce.d by � ----
<br /> �`�:"°,.: %-.: �, � lendertQprotectthesecurtty9ftheNole:(o)thapeRo►manceof&Ilcovenantsandagraemer�Lao4Trustars5ttorthharral:-ar,r!�(�a1� ��.t:,
<br /> . ������ ,��;�'�:.�:� presaa�r�nd future indebtedness artd obllga�ona of Honower(or any of them N more t�2ri�a}to Lender whe!}�er���t�ad(rec; _ _
<br /> �""��;'> '�_::= absot��"�a or con�ngent and whsther arising by note.guaranty,overdraft or otheruufsa Thsi'��a.this Deed ot YrostBaet r:��r and afl =—
<br /> �`�"��'�'�� ,�,�, otherdaauanbthataecuratheNotaorotherwiseexecutadinconnectiantti�rey:�ka,ir+ctudlrrgvuitliouttimita�onguarantea9.securiry --
<br /> " "� ,�' ,_.. �' agreemants and assignmenta of lesses and rents.shail be retened to here;:�as the"Loan Docurrsents". _.
<br /> s;,�;, ."' � Trustor covanants arM agrees with Lertder as toitow�
<br /> ` - ����-k t.Paym�nt mllndttrt�dnr�.Ai�tnaebtedness seoured hereby shall ae pafd when Q�S..
<br /> -- _����.�;`.-.,�.�.�. 2 T!tle.Trusior is the owner of the Property,has the dg9�t and autrioriry to convey�I.t�e;Qroperty,and warranta that tt�a lien �.—
<br /> �=.-y+... creatsd hereby is a ftrst and prfor lien on tt�e Prape�rty.encepi i�r°ii�r�����cum�'�SS==aNs�y Tiusiot in�v r i Bng e.a 4 = --- ---- :
<br /> - `��'�,:��� 6eliveredtoLenderbetoreexecutlanolthisQeedolTrust..andtheexecuUonanddelfverycYihiaDeedotTnrstQoesnotvtota�eany
<br /> ` '' _'`'�— contract or qther obligaUon to whicl�Trustor ts subject
<br /> --� = — 3.Tws„Aua�e�nb.To pay be7ore detinQaency all taxes.speclai assessments end alt other chargea againstthe Property
<br /> --":-'.�_� now ar hereafter levtad.
<br /> _��;�;��� 4.tnsurana.TokeepthePropertylnsuredagainstdamagebyAre,hazardsfneludedierithtntiheterrp"extendedcoverag�',and
<br /> _:;;;r.r.��� such othor hazar<fs as Lender may requtre,in amouMS and witt�companles aceepmbte to ILender,namtng Lender as au:eddiUonal
<br /> - •j=•s i'�� named insured,with loss payabte to the Lender.lo cass ot los�under sucb poitcies.the Lender Ia auU�orized 4o ad�r�aflect an�
<br /> - ��;:,F�" comprcmtse.apclaimsthereunderandshallhavetheoptionofapplyingaAOrpartoftheinsurancepro ,c�c."s(�toarryirfdebEedneas .
<br /> ��'�'s�;�'�'•• ":� secured herebyaad In euch order aslender may determine,pi�to the Truatorto be usedforthe repalr�.:3storation of the Properly
<br /> � `''f'�° ��"� orqi�foranyotherpurpos9orobjectesUsfectorytoLenderwlthoutaffecttngfhetienolthlsDeedotTrustfortAefuUamountsecured ' _
<br /> :.:;•�_"�� � hereby betore such payment ever took ptace.My ap�llcaUon ot Oroc.eads to indebtednass shell not extend or postpona tAe due �
<br /> ��" � date ot any payfnents under the Note,or cure any default thereun¢er or bereunder.
<br /> '�.���;�-�.,: 5.Etcrow.Upon w�itt�9n demand by Lender,Trustor ahal)pay to tsnder,in auch ma�raar as Lender may designate,suf8ctent _
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<br /> ti sums to enab►e Leneer to payas they become dne one or more at the follawing:(i)all taxes,asssssments and other charges against -
<br /> _- � `�`���:••�+•�• the PropeRy,p�the premtuma on tho properry insurance requirad hereuader,aad(ii�the premiuma on any mortgaga insurance ��
<br /> "°�';s;��;'`_::;'��^�'• • required by Lgnder. � • . �
<br /> - ' '����°� '��� 8.Malnfinane��R�pa(n end CampQinc�wNlf Law�.Truator shall Eceep the Praperty in gaod conditton and rspair,shail
<br /> • �• .� .: .
<br /> ''+�� ;�� a pract�5�y► repalr,or reptace any Improvement wht�h may ba damaged or destrdyed;ehatl rtot commit or permit�ny�wastei ot ----
<br /> - �`' �" �� Q�ciA�-atfon of tit�Properiy,sha11 not remave.demolish or substanUalty aiter arry of thg i�provements on the Pra�ahall not �_
<br /> �, .�.i'4 JiJ 1^ ' .
<br /> �:�•':., �� i. corttmitsufterer�er,nitanyactto6edonelnorupontheProperyinviotaftorea4�nyia.r,�'�nancs.orr�utatia�:ar.�.�hatlpayana
<br /> �;., ;.•�'.�.,•�� } � promp�y dlacha�c3 at Tru�to/a cost and expense ail I�ena.encumbrances ar:d charges tevied,tm�a�fi or aasessed•a9ainst!he ��,._:
<br /> - Property or any part thereat �.'�--
<br /> � "�� � �� 7, Emfn�nt Qomaln.Londer ia hereby asstgned atl com�er.saUon,avr.;:�s,damages and other p�;RS�eats or relist(hereinaft9r ��'
<br /> ,. `.`;=';�,:� � ��:*. "Proceeds'�1nconnecUonwfttn�demna8onorothartekingcsQ97ePropeRyorparttherr�orforconv�yanceinlieu�tittdondemna- .��-°
<br /> ' Uon.lender ahetl be en8fted as it�op�ion to commence,a�p�in a�d prosecute In its a�i name any aeUon or pr��dinge,and ;�:;:;,
<br /> . .��s�:`'_::, .. . . ...�
<br /> � "� shall etsa be enUtted to make any compromtse or seritemert i�i connsctlon witli sucb teWng or Qamaga.In the even�any poAton of ,,;
<br /> 1:�i.�: .
<br /> - �,;`, ;,;;�'��4 ;•� the Property 19 8o taken or damaged.Lender shall have the op�on,tn tta aote and a6sotute aiscreUon,to appty all SuCh Proceeds. :;=;;�;
<br /> after deducUng theretrom ail costs ans!expenses trtcurred by It In connectlonwith such Praceoda.upooe Eny indebiednesa securad
<br /> �. �-• � hereby and tn such order as Lender may Qetermine,or to e9p1y all such Proceeds,aftor suCh deducKia.^.s,to the re5toraUon ot the ��� '.
<br /> �� .•,,�'.y.;;,�`�.,' ' ProJaertyuponauchcondittonae�Lendermaydeterminekr�appllcaUonolPraceedstoinQe�tednesaEt�allrtote�orpostpone
<br /> , .•;�y�y,�� ,. ;::,' t�due Qato o!any pagmsnts r�rder the Noie.or cure any detault t?�ereundar or hereuader.Any unapplied tunss t��.116e pat�to
<br /> - ' tru�YOr.
<br /> ' �r ��" � ' � 8. P�Aan�by l.�nd�r.Upon the occurroncrs of an Event of DatBUfl hereunder,or U arry acti�taken or tegaf procesding
<br /> • . �:,����+; commencedvihichmatadallyattactsLender'aintec�stintheProperty;LandermsylniteowndiscreUa�.Dutwithovto�figattcntoda . .
<br /> � `� . so,and without�oUce to or demand uRon Trustor and without retoasing truator from any obligatton,Qo any act whicb Trustor has
<br /> '.;.:,�«;;'�, � �. egreod but taifa.to do end may aJso do any other aot ti Qeems necas�ary to protoCt the aecurfty Qereot.Trustor ahall,imrrtedlatety •
<br /> ;��'�;•,'�;. .•:: � upan demandtheretor by LsrtcUec.pay tol.enderati costa a-d expenssa incurred end surrts expen�o0 by Lender in conneotton witi�
<br /> • tha exarciseby Lendor.of thefcrsgoing rtgMs,togothor elith interest thereon atthe defa�tt rate provided inthe NotO,writcA shall0e
<br /> ' •��',...��_.`:�e• 8dded to the indebtsdnoss secured here�y.�.ondot shall not incur any 1labitity bscouse o1 anyth'�g it msy Qo or omH to do
<br /> • : . hereunder. ' - - - - `;
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