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DEED OF TRl' ST $6— 104223
<br />`rdrm Po ER CIF SALE
<br />THIS DEED OF TRUST made as of the . das of July -- . -- —_ - -- _. ---- - -. -_.
<br />io 86 ll . between — 666i Tragic & �t as Trustor. _ arXy_R _-ForiRaD - ----
<br />- -- - -- — -- - - -- - -- - - -- -- -- - - - - - --
<br />as Trustee, and —__ --
<br />as Beneficiary:
<br />N ITNESSETH:
<br />That - Trnstor irreyocah1% grants, transfers and assigns to Trustee in trust. \kith power of sale, the following described
<br />property:
<br />See Exhibit "All Attached hereto
<br />together
<br />withal I interest tehich frustor raw has or mans hereafter acquire in and to said prapert } and fn and u): la) all easements
<br />and rights of way appurtenant !hireto: and (ht all buildings. structures. improyenicnts. fixtures, equipment, furnishings and
<br />appurtenances now or hereafter placed thereon. it being intended and agreed that a!1 classes of property attached or unattached,
<br />other than consumable goods. used or to he used in connection with said property. are conclusnciy deemed to he affixed to
<br />and to he part of the real propertc that is conveyed hereby. trustor agree, ul execute and dchyer, from tide to tune. such
<br />further instruments as mac he requested by Beneficiary to confirm the lien of this Deed of Trust on an\ of the atorementioned
<br />property. The property so conveyed to Trustee hereunder is hereinafter referred to as -'such props•rt\'•.
<br />The Trustor absolutely and irrevocably grant,• transfers and assign, to Beneticiary the rent,. income, issues, and profit:
<br />of all property covered b% this Deed of Trust.
<br />FOR THE PURPOSE OF SECURING:
<br />1. Payment of the principal sum of S 1001-000.00 -__ __ evidenced
<br />he that certain promissory note dated of cren date herewith ( hereinafter referred to a the "Promissory Note ") in the original
<br />principal amount of ST_r_000s000.00 issued by 1rustoi and pa�ablc to the order of Beneficiary, together with
<br />interest thereon, late charges, and prepayment bonuses according to the terns of the Promissory Note and all renewals.
<br />extensions, and modifications thereat.
<br />2. Performance, discharge of and compliance with every obligation. covenant, and agreement of Trustor incorporated
<br />by reference or contained herein or in any other security agreement or deed of trust at any time _,v en to secure any indebtedness
<br />hereby secured, or am part thereof.
<br />3. Payment of all fees and charges of Beneficiary, whether or not set forth herein.
<br />4- 'Palely =P11MM with all Ys lllr mts of ad53tdm 1 attad� YL-s arld n=*='atad herein by mfam e.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR COVENANTS:
<br />Title: That it is lawfully seized and possessed of a good and indefeasible title and estate to such propertc in fee simple
<br />and will forever warrant and defend the title thereto against the claims and demands of ali persons %%hosoel,er: that it will, at
<br />its expense, maintain and preservc the lien of this Deed of (rust as alien upon such propertc.
<br />Prior Liens: To pay an}' interest on and maturing installments of principal due on any prior mortgage or deed of trust,
<br />and to perform all things required of hint under the terms and condition, of any prior mortgage or deed of trust. Heneficiary
<br />may but shall not be obligated to make any payment or perform am other act or obligation required of Trustee by any such
<br />prior mortgage or deed of trust. r \itv amount so paid or expended h\ Beneficiary shall he immcdiatel} repayable to Reneficiarl'
<br />together with interest as herein provided.
<br />Maintenance: fo keep such proper\\ in good condition and repair: io complete or restore piortlptl� and ill good and
<br />workmanlike manner any building v \hich nor\ he constructed, damaged or de,timcd thereon and to par\. \%hen due, ail claims
<br />for labor performed and materials furnished theretor and for an\ ititeration, thcicoi: to compi\ \\lilt the provisions of all
<br />insurance policies covering said pre lit iscs, to conlph \\ ilh all' aw,, ordrrrance,. rc elation,. u\cn,tnts, amdi!ion, and restrictions
<br />affecting such property: not to femme_ demolish or mateiialh alter .try buildtn< or the character or trsc thereof at am time
<br />thereon; not to drill or extract nor to permit the drifting for or extraction of oil. ga, of oilier hvdmcarbon ,uhstancc,i or any
<br />material of any kind little„ the wntteri consent of Herlctictar\ i, first had and oN,01led. met to conunit or JiCH1111 any ware
<br />thereof or an} act upon such pr,pert'. in \u,littion of law: io do .111 other acts in a lintel\ and proper manner \yhich from lire
<br />character or use of such properv, outy he rca,onabl\ nece„ary t+i protc•yt and pre,ervr salcl,ecutity. the specific enumeration,
<br />herein not excluding the general
<br />Construction of Improvements: 14) complete to good and t,orkrn :inhke manim sun huddmg or tnlpio\ement or repair
<br />relating thereto which ma} he hcgun oil such properl� ,,, contemplated b\ lilt: loan .ceased helch\. to pap when due all costs
<br />and liabilities incurred therefor. and not to permu an\ nx•chanic's heir against such propertc. lrusior also agrees, amihing
<br />in this Deed of Trust to the :onti:mv notwithstandnig (it) to pmntpilk col unencc• work and to complete the proposed nnpruce-
<br />ments promptly, Ihi to compicic ,aril.' in aceoldalice •,'.uh plans and ,peeeffcarron, as approved M Bencficfar\• (c) to compiy
<br />with all of the tolls of any hurlding loan agreement hemccn h ustor and Bcneficuuv. id) to allow Hencfician to inspect such
<br />properly at all times during con,truction, and tot t„ replace :11\ work or material, umalutactor\ to Beneficial\. \\ whir fifteen
<br />(15) days after written notice trorn Beneficiary of such fact. which notice ma\ he gi\en. to Inrstoi h\ tegisieicd o; certified
<br />mail. sent to his last known address, or by personal ,code of the same
<br />Fire and C asualt% Insurance: To keep such property insured ag:un,t !o„ or damage by fire and other risk or risks Mitch.
<br />rl the opirion of Beneficiar% should 'ire insured ag,nn,t, tinkles pohue, of in,wall' :, \\rill lo„ pa\ahle• to BCnefielafy and the
<br />holder of any prior !tell in lone. mount. and sorripame, acceptahfe to Berehi r.0 \ laud 11011 'r a, •hail he dclr\ cre'i to and rent :rri
<br />in posscssion of Beneliccar\ as ittrihcr ,ecurtt\ for the l.uthtul p :rtnrman:c Or these ohhgation,,. \Inch defner\ ,hall eonsritute
<br />an assignment ht iris tar cu Benehci ary to all rtehls thc!L-under. nlcludutg .ill rcunn prenuu;i :,, t,+ deb\ r r,, Benrtictar} it
<br />pohcy or policies renc.uinf• irr ex :cn,hng :ul% evprnng ul,uransc with it receipt ,h,nvIng pry IU1111 paid •it less 0111 ly 1 t0) days
<br />before expitatiao. 11 Ilustor fail, to sir dc!ncr an\ renewal ru•uire,. Hrneficru m•1\ p10L:t :re11,ch ;•.,, lance a, 'r 111.1\ !rot and
<br />!nay make paytneelt of psenniint, therc,a:, \hrcft r'a\rtlenl 1, rc(:a\ahir ::r, ,letr.+n,? N,,ttre; lutve'; riot ,hall ?ee
<br />rc,ponsfhfc for oht+fn:h} :,r it.auat :rnnig ,c,h ,n,in;oicr liutctrc:,u\ t: ....:tan !;r.1; ,.t, r:. r. ,or,
<br />ur C"llip:.aM. irr :+n\ :_t:.r r,rr,on..un .Woe tn• t.:,1\ .,nitau.c ;l ;�r ,n xt. a. :.r:f t. ,:...; .ui\ :,,; t : :loiot ;ail :':•t c,i
<br />in Bcne(ici.uv post ;xr , h,r.':,_
<br />and 'w" n!";waUa,r. ;`Mr W•it, the i, :. -t „<n :., :- ,.t , n, :n
<br />hr roundel h :i,,,c. :tl-, :,!l iii su.tictat%. h% tits Ia -: t t .. .,t. tr t.' ..iii• v _ ._,•. ..:,, t •:.,,. .
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