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<br /> '-�� . . ACKN6WLED�EMEMT 4F DEED OF YRUST g2� �u 0��4
<br /> TqUBTQR RRAO TMIB eEFORE SIONINQ
<br /> Tru�tor und�sq�nd�d�d M�docunt�ntth�►TrusWr it apout to�xauq Is a W�d of TNSf�nd nota moApap��nd It�teM poww
<br /> ol s�ls Arovld�d tor In th�ONd ol Trutt provlW�wbWanWlly dlfhr�nt dphia�nd obllpations b Tro�than�mortp�p�In tlM w�nt
<br /> -��� ot�def�ull or brsnah of oblip�Non unafr 11N OMd of Tru�t,includlnp,but not Ilmlbd to,th�L�nd�►'��ipht W fuiw tM PropKy wW
<br /> -- -- ---�:,� by ths Tru�ts�wlthoul any Judloi�i proaNdinp.Tru�tor r�p�a�nq�nd wurar�that thl��aknowl�dp�nt ww waut�d b�►
<br /> Tru�.bdors fh��x�auUon ol tln�O�sd ol TNSI
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<br /> --- -- _--�''� Don�ld C Raok Tnutor
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<br /> -----�,-.�a- • Blizab�th A Bnok � Tnutor
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<br /> -- �__-_ -- DEED OF TRUST WiTH FUTURE ADVANCES -
<br /> _"�_��_-� TNIB DHffD OF TRUBT.Is m�d�os o1 tho�day ol � ,19�'L,by md amap
<br /> :-�°�"—�`�� :— Ihe TIt1i10�� �1nn�_/' �--`- ' �+-'1 i�ahotA ♦ Beel� � h•�h�nd aed rii� , -
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<br /> =�� -_��:� whose melllnp eddroaa Is 71� p Pin� St Grand I�lan��n„Try��1C'�«�«�), _
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<br /> x,r{ "�- . Ihe T�uPl6e, Fiv� Peinta Bunk� a �e6ra�k� Cor�oration , _
<br /> 4i ' ��"�„ whoae maillnp eddresa 14 P 0. Box 1307 t3rand I�land. ME 696A� (herein°TnatM'�,�nd
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<br /> '=-����•���=-�"`- Ih886n81iClary, Fiv� Point� B�nic .
<br /> ''''�i�t�"��'�« . . ••' P O Beu 15�7 6r�nd Iolaed EaAB02-1S07
<br /> _�:,i„� whose meillnp addre44 it . �F- (herein"Lender'y.
<br /> ����` ��` ROR VALUA8I.E CONSIDERATION,includinp Lender'o extensbn o1 credit Idendfled herein to Donald C Elfak —
<br /> "" ���[J'�„iy � .
<br /> � ,�,,, ,,, „� gl i zshath ♦ R-ne1� (herefn"8orrower",whethe�one or more)end the trust herein created, —
<br /> =`�`�. ��'Ei`i�,�.� the reaelpt o1 whlah fe hareby acknowledped, Trustor hereby irrevocably qranta,tranatera,conveya and assipns to Truatee,IN
<br />-'.;:� '�'�`''" � TRUBT,WITH POWHR OF 3ALE,br the beneflt Qnd�ecuriry ot Lender,under aRd subJectto the terms and condiUons hoteinaRw�1
<br /> "°'?e���--._i�'�'..:.• brfh,the reel property.doacribed ao lollows:
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<br /> .::�.�'. �;;;�;:,��. r;;; � Th�► Soutb Fiity P�et �830') oi �ot On� ii) in Bloak On� Hundred T��nty-Six
<br /> —"'-'-'� � " ' I126), Union Paaitia Railr�y Co. 2nd Additioa to th� City at Cirand I�l�nd, Nall
<br /> - _„��� •�2,:�`:;;. t. Qounty, B�bruk�.
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<br /> ,.-�ii�.�' �.:C� '';: : .
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<br />_°;,:_,F',. � • � ' Topether wilh ell bulldfnps,Improvomenle,IlxWres,etrsets,elleys,passageways.easements,rlghta,privlleges and appurte-
<br /> .,,;��i� ,�ri° �. �' , nanRee loaated Ihereon or in anywiee pertaining thereto,and the rents,issues and protits,reversions end remelnders thereof,and _
<br /> - :;,. ��'°����� �,, • euoh pareonal property thel le atteahed to the Improvements so as to constitute a fixture,inoludinp,but not Ilmited to,heatin�and
<br /> _:,.•�.. :n•'•:`,,�.:<' .
<br /> :�;:;:,•• .:_.p.,;; • . aooling equipment;and together wilh the hornestead or meiitel i�tereats,if any,which interesta are hereby releaeed and waived;all
<br />-- y,�, , of whiah,inaluding replacemente and addltfona ihereto,Is hereby declared to be a part d the real eatete aecured by the Ilen of thi�
<br /> De6d o1 Truat and all ot Iho foreyolnp belnp referred to hereln es the"Property".
<br /> _ �F�:.
<br /> - �� �.�� , . � ThiY Deed o1 TruYt ahell seou�e(a)tlw peyment of the prfncipel aum and interest evfdenced by a promisaory note or credit
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<br /> ;�"�•T"^�"�`.'�.. � agreement deted ^----�-- �•-a -�g9} .having a maturity date ot J�uss�r-6th 1997 ,
<br /> ,.� •
<br /> ���"��"''t ��`-`��'`� in Ihe originel principel amount ol S 1Z�045.S0 ,and any and ell modiffcetfons,extenelons and renewels
<br /> ��•�_, ,: , `�`"�`• � ' ° thereoi or dtereto end eny end all luture edvances and readvances to 8orrower(or any M them H more ihan one)hereunder
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<br />.�,,; y, �,; pureuani to one or more promieeory notea o�credit agreemeMs(hereln called"Nota"):(b)the payment of other suma advanced by
<br />"'•:-;`•.' �-- Lender to qroteat lhe security ol lhe Note;(c)the performence of all covenaMa and agreements o1 Truator aet fo►th hereln;and(d)ell -
<br />- °�b�'° - ' 'Y preseM and lulure Indebtedneas and oblipatlons of Borrower(or any of them il more than one)to Lender whether direct,Indirect
<br /> -�� -1•`...
<br />�,�ti.'t; .�; �,�i,�,1.:�_. ::;�; abaolute or oonlingenl end whether arising by note,puaranty,overdraft or otherwfse.The Note,lhis Deed of Trust and eny and all
<br /> � other doouante thel aecure the Note or otherwlse executed In connection therewNh,including without Ilmitetfon guerentees,eecwity
<br /> ��� },,i: '�;'�'i ' ��.,,�,, ayr9emenlB and aeaignmenta ol leaeas and rents, ahall be relerred to herein as the"Laan Instruments".
<br /> �1���4li �;�:.: Truator covenante end egrees wlth Lender as follows:
<br />:.-f.;.., ,( . , 1. p�y111�11t o1 Ind�blMln�u.All I�debtedness secured hereby shall be paid when due.
<br /> � . • 2. TiH�.Truetor ie the owner ol the Properly, hes the right end authorlty to convey the Property,and warrants that 1he Ilen =
<br /> ateated hereby �e a Ilrst end prlor Ilan on the Property.except tor Ilens and encumbrances set lorth by Trustor in wrNing and j
<br /> � i�'; dellvered 10 Lender belore exeCUlion af thls Oeed ol TrusL and the execullon end del�very of th►s Deed of Trust does not violate any
<br />`'�::��;;" � aoMraot or other obllgallon to whfch Truator is aub�ect.
<br /> ��� ,' � 3. Texoi,AYwum�nb.To pey before delinquency all taxes,specia�assessments and all other charges apainst the Property
<br /> ���� .��•. now ot heroaNer levled. ,
<br /> • 4. Insurana�.To keep the Property insured againsl damage by 6re,hazards�ncluded wilhin the term"extended coverage",and
<br /> sunh olher he=ards ae Lender may require,i n ernounts and with companles acceptable to Lender,naminp Lender as an addidonel
<br /> � � � nameal Inaured,wilh loas payable to the Lender.In case ot Ioss under such pollc�es,the Lender is authorized lo ed�ust,collect and
<br /> �ti • � oompromiee,all alalme thereunder and ahall have the option of applyfng alt or part ot the insurance proceeds(i)to any Indebtedneas -
<br /> '"'.� ! ' 8eaured hereby end in such order ae Lender may determine.(�i)to the Trustor to be usedfor the repafr or restoration of the Property
<br /> �� oT(Ill)1pt any other purpose or ob�ect satfetectory to Lender w�lhout aHectmg the hen ol thia Oeed of Trust tor the full amount aecured �
<br /> � ' , het6by befote suoh payment ever look plece.Any appllcatio�ol proceeds to mdebtedness shall not extend or postpone ihe due �
<br /> , ' dale o18ny paymenie under the Nola, or cu re eny default thereunder or hereunder. '
<br /> 5. Etorow.Upon wrfllen demend by Lender.Trustor shall pay to Lender,in such manner as Lender may designate.suHiclent �
<br />-- -- �� , 8U1118Ip 9nHdIB i.enaer io pay ea iinty vvoomnuun vnv ur mv�n vi iiia iiriiuwniy.�ii siii i6w65,d"a5o55�7i8i�ib ai��i vu�vi Gi w7yoa uyui��5: •
<br />,, : . the Property,pl)Ihe premlums on the properry msurance requ�red hereunder,and(i�i)1he premwms on any mortyaye�nsurance
<br /> � requ)red by Lender. ,
<br /> � " B. 1AaInUn�nc�,N�pdn�nd Compll�ne�wllh L�wa. Trustor ahall keep the Property�n good condltfon and repalr;shall
<br /> _ promplly repalr, or replace eny irnpravemenl wh�ch moy tre damaged or destroyed:ahall not commlt or permit any waste or '
<br /> deteriorotlon of the Property:shell not remove.demol�sh or substantlally alter any ot the improvements on the Properry:ahall not
<br /> ',�. . commlt,auHer o►perm�t any ecl lo be done In or upon the Property i�i wolauon ol any lew,ordlnance,or repulation;and shall pay end
<br /> prompUy dfscherqe at Trustor's coot and expen�e all Ilens,encumbrances and charyes levfed.imposed or asseased ayafn�t the
<br /> Property or any pan Ihereol.
<br /> � '; 7. Emin�nt Danaln.Lender fH hereby aetfyned all compensetfon,awards,damages and other paymenta or rellel(herefnaNer
<br /> , • "Prxeeds")In conneclfon with condemnoqon or other laklny ol the Property or part thereot,or lor conveyance in Ileu of condemna•
<br /> � don.Lender shall be entltled at its option lo commence.appear In and prosecute in rts own name any action or proceedings.end
<br /> .� shall al=o be entltlad to make any compromlee or aettlement In connecflon wfth such taNlny o►demaqe.In the event eny portfon of
<br /> • - • � N�C 3�t71MdMrtuha�l OM0111Fr 10 M
<br /> - ' Q 1fN MM�MW�Mr d CMMwe�TrMI Md i��wrt ApaW�on lMealn N�A�Y�
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