|
'. : .- ' _ .... � _ _ . . . . .r� . � . . _-
<br /> _ . , . _ ^,.� ,V ' � _ . . _ . . -. ---
<br /> 1=: _ . � •_s�� _.. - - - ' ��_
<br /> . .. ` -
<br /> _. . . . ... :. . - -- - ..
<br /> __ . . . . . _.. . .n - � - ,°s:,�.r l: � ' _ ' _ __ _
<br /> —' —'_ __ —' _=3 " " ' "__ " -__—_ �— — —— .____ ' _ - _—" —.. --__ ' -_'_. _ '_ "' _" '_—_. - .... .- __' _ _ _, .
<br /> . . .- � �. . Y . IICKMOwtlEOGEMENT oF oF.�t�F 7RtIST '� � 92r--�0499 s� . :. `
<br /> . � .
<br /> rnusTOt:a���o�s�c�c� . - . . , ��
<br /> Trwla'w�d��d?�W�oei�t�h�r������oDl�Lionsl�Trustortt►tri�i-inor4�M�rt �. .
<br /> a,aN•po+�w.a
<br /> � Ma�hulforbre�chMabti�tlonurM�lfNOasddTrua.inctudiaO.DutaolUniitd0�.fhsE�ndar'sriQ,Mtohavlih�RcopuytoTd
<br /> by If�Trwlq wie�out an�►l��P��Yrusoor r�PraK+b and waaanb tNat q�is admowNO�ment,ras uaeuwd,b�l
<br /> Trutbr Wbn tht�d�s Oe�d of Truit � • �`�
<br /> � ..10� s----- -- - -- -----� - -- -------
<br /> .. . =_-�- -- -�
<br /> ils�y�
<br /> � � � �s?Gtin l.trr� L�e
<br /> � .� , . �
<br /> � • � Trusto� ' .
<br />:. -
<br /> � �oF Tnuss wnH Fu�ruAe:�ov�cEs
<br /> TMIS DF.�ED OF TRU9T.�is ma0e as at the_6td-�Y� gwb .19�oy anA�nwp
<br /> ftfe TrusWr. •
<br /> . 421 Caw�nch� �vR �-381�
<br /> � wtw�e maiiinp address ts h Grand Islar��n.Trusm�w one or mae�
<br /> l�
<br /> th�Trus�e4. Fi Pnfnt� 8an!`� �bra_._�s Corporation ° ` .
<br /> _ . who�s msiiinp addreu is P.O. 9ox iS�7 6rand Ialaad. I(B 689�2 (herein'?rus�ss'�,anQ . .
<br />'. , the Benellciary, F�,w Point� 8�alc . ' —
<br /> - ', Wh4s�.maifirt�addres�is . P Be: iSrl Gr.nd isiand � 689�2-�� � (hsrein"Le�xkr"1• _
<br /> ' `~ . Fpq ilqWABLE CONSIDERAT�ON.inctudtnp Lendeta extension af credit iQentified herein to� _ ----
<br />, �� � ��--_
<br /> . �.!_". M�rtin i�T� t�!lI!!s ■ �-- ._
<br /> —(heretn�"Bar►owe.�',whether one or more)and the trust herein cr�ated. �,____
<br /> � Hte receipt ol whict�ts hereby acknowledped.Trustor hereby irrevocabty grants,trans}ers.conveys and asslgns to Trustee.IN —__-_ —
<br />` ��• � TpUST.WtTHPOYYEAOFSAt�torlhebenefitandsecurityatlender,untterartdsubjecttothetem►sandconditionsheretnafterset �_
<br /> '�` � to�h.8�e resl properly.describe�ssfoltows: — --
<br /> Lot 7�o t 2I. Hiocic Olat l i), in Iio�d� Sub�visioA, lt�ll Couatl. li�brada. �� -
<br /> • . .ai;� _ �'>�
<br /> ; �{:;=-:�
<br /> • "�' �' � Together with ai1 buildings,tmprovements.fixwres,str��a;eys.Passageways.easements.�ights;�rvileges and appu�te- 4 f ft�+.l.�, ,
<br /> + ��"�':'� nances located thereon or in anywise perfainirtg thereto.anQ 4��rents,issues and profits,reversians arrQremafnders thereol,and
<br /> :} :;-� � ,; ��.-.:� . ,
<br /> such personat prpperty that is attached to the improvements so as to cons�itu:e a tixture,inctud'mg.but not timited to,heatinp ana :•;�i=�'rM:-.�'�
<br /> ' ^.�'� `�.°� co00eg equipmen�artd together with the homestead or marltat interests,if artg_wfiiCh interests are herehy released and waived'a0 � � _
<br /> ��.` y� !�• , -
<br /> ` �x ot whicA,Fnctuding r�°cements and additions thereto,is hereby declared t�be a paR o1 the�eat estate s�ured by the lien o1 this . _
<br /> °� Deed of Truat and'�;t at tha fo�eyoing being reterred to herein as the"PraRerty"• -� . :
<br /> - Thi�Oeed of Trust shail seCur�(a)the payment of the prirtciAal sum and interest e�Cencecl by a pramissary note or credit =�._.�
<br /> . ..«r;...
<br /> . . , . . . � -�•rd,.,y: .
<br /> . ,�:_:� • ,h �sn a maturi dete o1 rn1� ,� =awT . -.��7:�''`.,� -
<br /> � "•.�,:..f ayreenient datee Rab;wsrir-ith i99Z � 9 �
<br /> .��' in the orl�inat princlpal amount Of S �-�-� ,arsd any and al4 moditiCations.��nsions and renewals ,
<br /> � � thereot or thereto and any and all future advances and re�G+�a�ces to Berrawer(o�any of them if more than one)herounder ; �� �" -
<br /> � purauant to one or more promissory notes or credit agreemenc�tt�erein calteQ"Note"}:(b)the paymenl 01 other sums advanced by ,,,,•.,?,�. . -
<br /> Lender to pratectthe securiry of the Note;(c)the pedormartce cf all covenants and agreements of Trustor set forth herelrt;and(d)atl � ���a^-;z�°�•
<br /> t " present aad future inQebtedness and obligations o1 Borrower(or any of them it more than one)to Lender whether direCL in0lrect, t��,r,•,r%�-�=i���.�
<br /> � absoFute or contingeM and whether a�ising by nota,guaranty,overd►aft or atherwlse.the Note,this Oeed of Trust and any and all � ��"�`{�'. �.
<br /> ,���,;-,� .
<br /> ��• otherdocuenbthataeCUretheNoteorolherwiseexecutedinconnectiontherewith,inctudingwithoutUmitationguararr�eas,secuNry l�+{�'!`,1�� . -_
<br /> � a9►eemenb and aasignments ot teases and rents,shail be rater�ed to herein as the"Loan Instruments". 7�1�.ti,;:.,, .
<br /> • ;,T= �r. : Trustor covenants artd a r�3 witb lender as foilows: , • �:i'��'`��`' �
<br /> � _ � 9 :t,::,',,r n;� .
<br />. '��._�.,}����;,..=�� 1. �,y„u„�a i�d.�an..o.�ll indebtedness secured�rer��y shall be paid when dw- ti+;.•.
<br /> t�ll
<br /> 2.�iq�.Trustor is the owner of the Property,has the r:gtr and authority to convey tna Property,and wanertts.ffr�Y the lien ���"
<br /> �{:3�i=��•� ,y creo:ed hereby is a tlrst end pAO�Oen on the PropeAy,except tor liens and eneumbrances set forth py Trustor in writing and ` • ._ „
<br /> "�'� '� ' dt�ivered to Lender before execution of this Oeed ot Trust,ar.dthe execution and detivery of tnis Deed ot Tru�tdoes notvlolate any �
<br /> cantract o►ather obpgation to whict►Trustor is subject �
<br /> lc;.�. ' 3,Tu�a,As��m�nt�.To pay betore deltnquency au taxcs,special assessments and eU oiher charges against the Property ,
<br /> ����`. naw cfftereafter tevied. ' .
<br /> 'it;F'�;s • 4. 6�aonncl.To keep the PropeRy fnsured flgain9t damage�y 1ire,haiards inCfuded withtn 1he term"extended ce,reraga',and
<br /> #,�!���,.• � � suCh Other ha2arCs es Lender may require,in amounta and w�;�Companies acCeptabte to Lec�der,naming Lender as an add'Aiona!
<br /> c; � named inaured,wiih idsa payable to the Lender.ta case ot toss unEer such po!�cles,the lender is euthorized to adjus6 coltect and
<br /> �� ' com romlae,alicttiinsthereunderandshailhavetheoptionolapplyingai►ac�artoftheinsuranceproceeds(i)toanyindebiedness
<br /> � .� �%r;;.•. 9eCUred herehy and in BuCh Order as Lende�may delermine,(u)!o the Trustor to be used fcr r3�e r6palr or restoratiort atfhe Property ,
<br /> '�'}�'� orpii)toranyotherpurposeorc�;0ctyaNsiactorytoLende►w�U��utaNeclingthetienolthisQeCdofTrusltorthefullamouniseCUred , .
<br /> x�i?;,;, '
<br /> • �`4��;++ hereby before such paymenl grer taok place..Any eppticaticn 4t proceflds to indebtedrte�:�hall not extend or postporte the due ,
<br /> .:{:... , .. ,
<br /> ;• dsb ol any payments under the Note,or cure any defautt thereunder ar hereunder. ,
<br /> � � �' •-.�u---- .�� 5. Eicrow.Upon written demand by Len�r.,srusior shall pay to Lender,in such manner as Lender may Qeslgnate,suHic�ent
<br /> � � aumsta enabie tender to pay as they becorrg dUe one or more ot the fotlowing:(i)all taxes,assessments and other charges against _ �
<br /> . �� � Ute P�Operty.pi)the premiuma on the propc�fi�r V.'+su�ance re�uired hereunde►,and(iii)the premiums on arty modgage insurance -
<br /> � . • � �equired by Lender.
<br /> - � . 8. NaN�Mnane�.Rpaka ana CompNane�wHN t,�ws.t�ustor shall keep the Praperfy in good eondition and repaU;shatt .
<br /> prompUy repair.or replace any improvement which may be damaged or destroyed:ahalt not cammit or permit any waste or .
<br /> • " _ : deteNaraUon of ths P�operty:shall not�emove demaUSh ar substantially atter any of the lmprovements on the PropeAy;ahall not . .
<br /> � commit,auHer or permitanyactto 6e dane in or upbn the Property in vlolaUon o1 any law.ordinance,or regutaUon:and shali pay and
<br /> .,, . .� � � � prampfly dl�charge at TrunoPs cast and expense alt lien�,encumbranees and charges tevied,imposed or assessed against the ' - .
<br /> • Ptope�er anyr�aes tls�ccot . .
<br /> .,.._ _ _—__ . .
<br />----- ==
<br /> 7, E�nf pomNn.Lender i�hereby ass3gned atl compensaUon,awards.damages and other payments or retie}(her�inaher �
<br /> � ;. • •. �; ; "PraceeQs`yineonneetionwithcondemnationorothertalcingoftheP�opeAybrparfthereol,oHorconveyaneeinfleuafcondemna- ,
<br /> � •; ' . Uon.l.ender�hall be enUUeA at it�opHon to commence,appear in and presecuta�n its own nam�any acUOn or proCeeding9,and
<br /> •� . _ shall atso he entitled fo make any Compromise or seWement in connecUOn with suCh faking or damage.fn the event any poNOn o1 _ 7
<br /> . ' �. . x�es�s:pbn�re�eewNOrase«tmAR `-_— --_ --- = — - — — ---�
<br /> , O 1MM�tW W/�dComeMeuTrutlrdSeo�ptAtfon�tar�UKeNe.NW� ,
<br />
|