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<br />DEED OF TRU $6-- 104225
<br />WITH PQWER OF SALE
<br />�"`"
<br />PHIS UFEU OF 'fRUS'1. made as of she � das of -_._ July___
<br />l9_,§6 between ._Wendell M. Doonan an-a_ Mary Ja�oonan, �iusban3 _�n8— wiY "� "'
<br />as Trustor. Larry R. - Forman -- ---- -- — -
<br />as Trustee, and Associates Comtnercia�Corporation� __ _,_
<br />as Beneficiary: T
<br />WITNESSETH:
<br />I"hat Trustor irrevocably grants. transfers and assigns to -Trustee in trust, with power of sale, the follo%%ing described
<br />property:
<br />See Exhibit "A" attaches hereto
<br />together with all interest which Trustor nosy has or may hereafter acquire in and to said property and in and to: (a) all casements
<br />and rights of way appurtenant thereto; and (h) all buildings, structures. improvements, fixtures, equipment, furnishings and
<br />appurtenances now or hereafter placed thereon, it being intended and agreed ;flat all classes of propert} attached or unattached.
<br />other than consumable goods, used or to he used in connection with said property, are conclusi%ely deemed to be affixed to
<br />and to be part of the real property that is comeycd hereby. Trustor agrees to execute and deliver, from time to time, such
<br />further instruments as may he requested by Beneficiary to confirm the lien of this iced of 'Trust on any of the aforementioned
<br />property. The property so comeved to Trustee hereunder a heremalter referred to as "such property".
<br />The -Trustor absolutely and irreyocahh grants. transters and assigns to Beneticiary the rents, income, issues. and profits
<br />of all property covered by Ibis Deed of Trust.
<br />FOR THE PURPOSE OF SECURING.:
<br />L Payment of the prinel ,41m ol S_ 0 0 000 • QQ c .dented
<br />by that certain promissory not eifli7 c c t T t I t r�r1r' f eterdred t , amt h( DlQ orit sot} Not ,.lit th original
<br />principal amount of S 1, 000 .000.00 ,$ rustor /Li ( pact to flu ord°r oaRenetivan, together with
<br />interest thereon, late charges, and prepayment bonuses according to the terms of the Promissory Note and all renewals,
<br />extensions, and modifications thereof.
<br />2. Performance, discharge of and compliance with cvcry obligation. covenant, and agreement of Trustor incorporated
<br />by reference or contained herein or in anv other security agreement or deed of trust at any time given to secure any indebtedness
<br />hereby secured, or ang part thereof.
<br />3. Payment of all fees and charges of Heneficiary, whether or not set forth herein.
<br />4. Timely ompliance with all requirenvents of addendtsn 1 attached hereto and incorporated herein
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUsTOR COVENANTS: by reference.
<br />Title: That it is la%%Iully seized and possessed of it good and indefeasible title and estate to such property in tee simple
<br />and will forever warrant and defend the title thereto against the claims and demands of all persons whosoever: that it will, at
<br />its expense. maintain and preserve the lien of this Deed of Trust is a lien upon such property.
<br />Prior Liens: to pay an} interest on and maturing installments of principal clue on any prior mortgage or deed of trust.
<br />and to perform all thing,, required of him under the terms and conditions of any prior mortgage or (iced of trust. Beneticiary
<br />may but shall not be obligated to make any payrnent or perform an) other act or obligation required of IYustee by any such
<br />prior mortgage or deed of trust. Any amount so paid or expended by Bencficiar\ shall be immediately repaabte to Beneficiary
<br />together with interest as herein pio%ided.
<br />Maintenance: To keep such property in good condition and rep:ut. to complete or restore promptly and in good and
<br />workmanlike manner any huddirrg which flim be con,rrucied• damaged or destroyed thereon and to oay. when due, all claims
<br />for labor performed and materials furnished therefor and for ant alterations thcieol; u) comph with the provisions of all
<br />insurance policies covering said premises: to contph with ail laws, ordinances, regulations. c•ovcnants.condit ions and restrictions
<br />affecting such property: not to reinme, demolish or ntaterialh alter any building. or the character or use thereof at any time
<br />thereon: not to drill or cxraci nor it, permit the drilling !,it or rxllo, :! ll A oil. La, or other hydrocarbon substances or any
<br />material of any kind unlc„ Ow „tit *.en consent of licneticlan 1, fi!,t had and nhianu•d. not to commit or permit am waste
<br />(hereof or any act upon vtrh pr„pert•. :n ,u,Ltion of !a%% . to do all other act, ail a timer and proper manner which front the
<br />character or use of such prupern mad he rcar,onahh necc „ar. ;,, protect and pic,crtc ,aui sec rct_,, the specific enumerations
<br />herein not excluding the gcn, :TaI-
<br />Construction of Improvements: fit complete In good and %%orkuranlikc manner .stn hulldinc or tmpmyenicni or repair
<br />relating thereto %hush meat he begun on such proper(y rn contenllt!vcd M the I,,.tn secured itCtCh \, to pay when due all costs
<br />and liabilities incurred therefor. and not to permit ant mechanic” hen aganut such pcupertv Irustor also agrees, amthing
<br />in this Deed of trust ro the contract notwithsturdine tat to prompllt conunencc tyork and to enmpicte tite proposed intproye-
<br />nients promptl %. (b) to c,,mplete same In accordance tcth plan, and ,pc,:dication, ns approved h,. fiencticiary. (c) to comply
<br />with all of the terms of :u)} btuldmg loan agreement hettecn l r11,tor and BencGclal t, (d) to allow Beneficial% to inspect such
<br />property at all times during con,trttcuon, and to to replace ant work of mueriab un,atl,factor\ to lieteficiary. within Miceli
<br />(I5) days after wrtiten notice from Bendiciat of ,rich lace, tthich noise mat he cost to Iru,tor by registered or cer'tilied
<br />mail, sent to his Last known address. or by personal ,ei\icc of the same•
<br />Fire and Casualh Insurance. To keep such pn,perty InNuMI ac;on,; io" ,n d;umaLc by tilt and ochel neik or risk, which.
<br />in the opinion of licileliciar} should he insured :against, under polx:!c, ,,1 in,tuanrc tcth Io„ payable to liencitctaly and the
<br />holder of am prior )ten in form. amount. and companies ilcccptahlC 1„ lienchrt.ut \aid pohcles ,hall he• ekhcered to and remain
<br />in posscssimI A liencfici,at a, !ill th r,eciiiw, im the kothfui pcilinnrancr Id t hIt ,h!ig;tuon,, trinch Ichtcryshallcou,rlfttc
<br />an a4,igmylenl 4% ln.,!w t,: tic 1 II 1,w. ;,Lilt, Ihcreunde•. •ncludmg .tic :otml pfc1timnl,, to dclnel to ficnclicatry a
<br />pohcr or p,.,kic, rte; win± ,11 i VA eal LL an, -\pw7iL r1,tu:vlcr w!th .I rc. ':ol shift role p!cnn;Im, paid at ,%w 111111% L,trr day,
<br />before xpualwn It lot tail „ dcil.c! tin ic_n tt 1' ;• n: -c,. Hu cl - ut 111,1. Iv„ t i „ -'I M11o.111cc 11 It mat Ic t u;d
<br />mall,'. patm(trt ..t i.I.Inium, i !v:m uhn!1 p.wil.til Acthc! Inl,o'e art W;10!,.1"!% 1;111 h;:
<br />le,p,+rL,ltllf'!' . Il :.tin- :.,'rlr�lL` Ile ,.,i...i';tl' liln1 1,1,111. !om't`•1; ;,!.l .,,:1•,.1111;n,11r,1111 t'C11,
<br />., o1nl,,olr, .,n,. .,tv q >ct.,,.... ,, tiat;,,n , r.,il:: ncol •,I�t. :! .. de., ..,.,. , � •_ice :I�i :it :�lnl. ,t., ,,. ,,
<br />„ Kr c.. t.ti :al ,•rr .... t ! ,,. a11: ,11 ..n., ±_,, r.. , .1.. ,, 1 .,r.., ., , .<Ih:i !1o: "Zii!
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