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<br /> ��' ` ACKN011ULEDGEI�EN7 taF DEED OF TRUS? �, � . ` �
<br /> � �t�sr.or�r�cn�s e�o�stc�wc� � ` . . . '
<br /> � "Tiwlurund�r�ih�tlMdccum�ntlhatTratorisa6outb�ucut�baDNdafTrwt�ndnotamo+�sandfhdth�pow�r
<br /> - d�aNP��inflwONdotTiwtprnvlda�wbWnWih►dMh�nt�hbu�obit�TlorisbTru�forth�namorp�p�in��Mit :. .
<br /> ol�de�ault a bn�ch af obli�tlon uttidsrtM Oa��������a�w i�a eha tMa ackraw►a r�ttad�anNnt was ��u1�Q b�► �
<br /> by th.Trww w�a�out onr luatcw o�dir�.
<br /> Trwtor 6Kors SN aascuBots ol ths Deed af Tiu�t, � `
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<br /> - � L CoQ�r. �� � ..
<br /> - p$ i COD Trwooc N«{G
<br />-- � DEEt1 O�TRUST WfTH.FUTURE IIDVANCES
<br /> _ . `�;�S OEED OF TEiUST,i�made as ot the��#A.day ot... iaa� .19..92 b7►a�d ama�g.
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<br /> �T��itStof: M.,rr��++� t ��'e�dnsr ! pi�RJ�S �T�.(�, • 1f :S nd afld �1if! • --
<br /> � ,�lt�se maNing adOresa is �0 �I��� DRIY6 � ��L�ere�n"Tn,aro�r.'w�ie�ieir onaor mae).
<br /> � the Trustes ri�cR-Pni�t. Sart� r � ���3iS•�G.�s}�On .
<br /> who�s msilinq address is.� t�, Hox I50? Grand-I�Eaeu�:�3���688OZ (herNn'°Ttuatas'9.and --
<br /> ra..� o.atnfi R■etc . . - --
<br /> the Heneflciary. -r . .. . � __ -
<br /> '•�?f whose mailins addres�is .�, � _ a�,Y .�+Sw7 +�,yn�t 4.v�d " it�- 688�2;��Q�.. (he�ein"LenQer'�. ____
<br /> - b f: _ ,. -�.�-� ��:. :. . ...._�, �!lart��a L Codn�r �._
<br /> • (, `,: FOR VAWABLE CONSIDEHATlON,incii:�rrg Lenders e*�nsron ot c�adit idenUtled herein to __
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<br /> ". - (Ete.-e�7"Bonower',whether one or mare)and the trust herela created. ���.
<br /> fhe�eceiat of whfch ts hereby acknowtedged Trustor he:ey;iaevccabty grants,transfers,conveys and aasigns to Trostee,IN �,��_
<br /> : - TR1iST�WRHP�N(EROFSALE.tarthebene�tar,ssecurirya€tender.urtderartdsubjecttotheterrnsandcortditionshereinatteraet ��__�-
<br />. . �� forth.ths reai pra�erry,described as foilows ��_
<br /> '. '`�'. L,ut 43, tiagge S�d ivi s i on to the Ci ty of Cra�nd 1 s[a�.'Ha i l Caunfy. Ne�rastca �:-„�
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<br />. . . �s��Y.-:ass�r.-.
<br /> �.;: - -=''.;� Tagemer witb atl buitdings,improvemen�,.4utures,streets,alleys.aassa9eways,easements,rigM�pHvileges and appuRe- �'�.'.;�� -�
<br /> � .i":7;k' nances tocated thereon or in anywiae pertain:rg:hereto,and the reMS.issc�and pratits,reversions a�s�remainQers therepf.and . , �,-�>;�. � .
<br /> .�'�� auch personat property that is attached to t��:�+��avemerta sa as to cans�:•.ute a nxture,inctuding,but Fot limited to,heating and _ -
<br /> �r'v�.;���:�r '} cooliag equipmenx andtogether with the horssestead or marita`interests.if any.whicb interests are hereby reteaseA andwaived;ail . _
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<br /> ofwh�.h.irtCludinprepl�cements�c►dadd�EOnsthereto,isherelr��ectarecttobeapartottherealestatesecuredbythetienotthia _ _
<br />` - Ooed of Trust an4 ali of the forego:rg being refened to herein as the"Propetty'. i�:�>.`• -
<br /> . This Deed o�Trust shall secur�(a)the payment oi tde principat sum and interest evidenced by a Rramissory note or credit -
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<br /> " " _, ` agreement dated ��� �gg� .having a maturity date of 7s�3� YrrtQ l9L � • �
<br /> ~ •. ��.x;•,•...t-. _
<br /> ���`: ` . in the origina!principal amount af S $0-��A-� ,and any and at�r:ad�ca�on�extensions artd renewafq. :�;;�;;�. __
<br /> �•f; thoreol or thereta and eny artd aii future advances and readvances to Barrower(or arsy of tFiem if rr.ore than orte)frereurtder -
<br /> pursuant to orteor more promissory notes or cre�it agreements(herein ca11e0"Note"):(b)the payrr�ErtcS other sums advancedtsy • -
<br /> Lenderto protectthe aecuriry of the Note;(c)the peAormance ot aU covenants and agreements of Tru�;c��At fortt►herein;and t�atl •, _
<br /> prese�t and future indebiedness and obligation�of Sorrawea(or any of them if more tRan one)to Lecde(whether direc4 indireCE, ..
<br /> ,, t,� ' abse�;�or cohtingent and whether arlsing by nofe.guaran`�averdratt or otherwtse.The Nate,this Oeed ot Trust anC any and aii
<br /> attrerdoCUent�thataecuretheMoteorotherwiseexecute��rs.connecttontherewith,includingwithouttimitatlonguaranteas.seCUrity ��?�:. 'E`
<br /> - ?� � . . .
<br /> -``'`�'� � � a�reemenb and assignments ot lease�end c�.;�,sdell tre referred to hereln as the"Loan tnstruments",
<br /> . ��vF,, � Truator covenants artd aprees wlth Len��as fotlows: , �
<br /> w. ;, ~. • t. Psynwnt d fed�M�dn�a�.All i�Qebter':�2ss secured hereby shan b�paid when due. :
<br /> • ''.:�fi!-. •';• :< 2, TkN.Trustor is the owrter ot the Property.has the right and au;~�:dy to convey the Properry.and warrants that the Iten .
<br /> ' � created hAreby is a tirst and prio�lien on the Property,except for liens and encumbra+!ces set torth by Trustor in wrltirtg and � . ,
<br /> � � s'i�r: �� deiivered to lenQer before executton o1 tbis Oeea of Trusi,and the executian and deiivery cl this Oeed oi Trust does notviolateany �.
<br /> ;•�:��� . conhact or other ObOgation to whicb Trustor is subject f
<br /> ��""'� ' 3.TaYN�A��nNnb.To pay before deFr,quency ail taxes,specia►assessments and ell other charges againat the Property � ,.
<br /> � now or hereafter lavled. �
<br /> ;z•;a~. Q.tnsurana.To keep the Property insure�against damage by fire,hazards includeC w�th:n th�.r�rm••extended coverage'.and T , .
<br /> ;., • � such other haiards as Lereder may require,in amounts and w�ih companies Acceptable to LenCer,r,&rr.:ng Lende►as en addiUOnel �
<br /> named Insured,wlth loss payabie to the Lender.in Ca9e ol loes under such poficies.the I.enC?r es authorized to adjust,cofleCt and � :
<br /> '::��' �.� compromiae,allctalmslhereunderandshAilhavetheopt�ono}apptyingatlorpartottheinsuranceproceeda(i)toanyinQebtedness � ,
<br /> - � eecuced here6y end in such order as Lender may de2ermine,tii)to the Trustor to be used torthe repair or iestoraUon of th�P�aperty �
<br /> � or qil)tor anY Othe�purpose or obJec!satisiactory ta Lender without afteattng the lien ot this Oeed ol7rust tar the tult amoune secured {
<br /> • y hereby before such payment ever took place.Any applicatlon ot proceeds to Indabtedness shall not extend or postpone the due
<br />� ' ,:r;=. �� : •,� Qate of any payments under the Note.or cure any delautt thereunder or hereunder. i . ,
<br /> . . ' .�.:..;-_ 5. Eurorr.Upon written demand by Lender.Trustor shail pay to lender,in such mannsr as Lender may designate,suHicient �
<br /> ` eumato enabte Lenderto pay asthey heeoma due oneor more ot the fottowing:(i)ail taxes.assessments and other charges against � ,
<br /> ��,.: . - - � the Property.(ii)th�p/emium9 on the property tnaurance requiredfiereunder:artd(il►)thepremtums ert eny mortgage insurat�ce � ,
<br /> � ..� . ' .. . requlted by Lender. �
<br /> 8.Ma1nMn�ne�.R�pak�snd CampBaner with Law�.7rustor shatt ke�p the Properry in good conditian end�epair,ahali t
<br />� i+r;� ,' � prompUy repair,or reptaee any improvement whiCh may 6e damaged or destroyed;shatl not commit or permtf any waste or ;
<br /> � �''`:` � � ' deterioraUOn of the Prope�ty;shail rtat remove,demouah or aubstanUalty alter any ot 1he improvements on the Propernr;shall not �
<br /> � ''�� p anyacttobedonelnoruponihePropertyrinvlolaUanotan (aw,ordinance.orre utaUon:andshall a and �
<br /> . �<;:•:•� . ' . � eemm�.suMer or ermit Y 9 P Y ;. �
<br /> • °_• prompUy diseharge at TrustaPs east and expenne afl Ilens,eneumbrartcea and cnarges levled,imposed or assessed againsf the ; �
<br /> -=--_=--��; •.—=--=-=� �. FroQe�lytor8nytpatttttete0f._ . - - - • - � - -- - -
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<br /> � 7. EmNNnt Qomairt.Lender i�hereby assigned all campensation,awards,damages and other payments or re(ief(hereinafter �-`
<br /> . � "proCeQda"�inconnACHo�twYthCOnQetnnaUonorolhertakingoflhePrbpertyrorpartthereat.ortO/canvey8nceinlleuolcondemna- �
<br /> ' �� � Uan.Lender ahall be entitted at ita opUon to cammenca.appear�n and prosecute in Its owrt name any actlon or proceedings,and �
<br /> . . ahell atso ba enUUed to make any eompromise er setUemeM in connectlan with sucb takidg or damage.M the event any portlan o! �
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<br /> E� _w_�- _ — — '_ _ __ . _' '_- _. ._._ . . -. .. . _-.. ___ ' '_ ." _
<br /> ____-____ _:.�--" .- -_ ____' ' __ �ii�Y7���e��wrurr���a� . . - _ -'' � .-
<br /> _ ' , ,� o��NR1dWdIlYO��mUNTfI1MNA$t�I1f�wOCIm0/6�111L'O�R.NIsfl11� � .
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