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<br /> - • - - i�Y�tU11���4�OERATION,includrg tl�a inde6tadness�drrttifi�t�rein ad tbe frust fMr�in cnat�d.tlle naipt af wliich is her�6p _-f;--y'=�•�,
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<br /> " _ _ ocluqwtd�d�:T�r�irwaco�bfY�ronts.tronsfirs,caiwYs.and ass'gns to Trttst�e.1N TRUST.WITM POWBt OF SAlE,fa the ben�f'n md _- r � ,� ,� -
<br /> s�air�,of�nes't�iatl►,ud�r ad subjat ta the tarms and conditions of this Oead of.Truit.t6e red p�apertyt dau�ed es faBa�rs: `x �.,$�«��� ;
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<br /> � �. Lot Three (33z t��aie-Subdivisioa: in the City o£ Gra;:�:��'s�acr�_ . .';� • �` ��i;r��fr��'-�'�
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<br /> TtiGETHfp WIiH,dl,tenis,.p�ofit�;roypt�ies:;fnrr�me:and bther benefits derived from the real propaty;atl teuses or subteoses cove�ing the � � � .;,t;r�*;f1_:;.{,
<br /> rea{`property or anp portion.tfikrtaFa nnN ar,6�r,±o�8r e�isfing ar eMered into,ond all•right,titte and inrere�ifi'Cnutor thereunder, oll in- Q s ,� ��;':.�;;•���.+.�;
<br /> tlr�sts,estate orother cbia�,b6th;inJcw and ia.eqq�ty.wt►ich Trustor naw has or may hereafter acQuire�n ifie Fe*�t�rty;all eosemeats. ` '�`.4�;��;,;,�.=
<br /> . . rights-of-wo�:teAemeets,hereditoment�-and apPprtenancss thereof and thereta all oil and gos sights ar�pfofit's,water rights and water f . '��>.�:'.!
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<br /> stoCk;al)riy)ttf tit(e and irtteresf of Trustmr,naw aamed or hMeaRer acquired,in and to ony tond lyin8 withi.�tf�e rigM�of-waY of any street or . -<����, .
<br /> . � • . ,����� fi�ghway ad'pininp the reol property.anp and ail 6uildirgs,�xturos, improvements,and oppurtenances na�r or hereofter e►tcted thereon or `:, ",.:,;; :.=.
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<br /> ',''�``� 6etongirg thereto,(herein referced to as"ImprovemenY'or'9mprovert+ents"f;a n d any a n d o l l aw a r Qs ara 6 e f a r t h e t o k i n 9 b y e minent domain ! . . _ ,
<br /> �.�'�'-'� �'� a Ery any praaeding or purchtis�e in ti�u thereof.of ihe whole or amr part of the real property• ; - ;
<br /> A(1 of the fercyoin�estate,property ond interest hereby conveyed to TNStee herein collectivety refemed to as the"P�operty". ;
<br />. i. ' THIS DEW OF1ittSST SHAU SKURE: � `„ '� -
<br /> '��, `'.�;''� (a)Ths poymenf of indebtedness evidenced by t'rustor's note of even dote herewitb in the principal sum of �'wo Huadred Thousand-- ; � _
<br /> � .���_�_____�__�_ - --�,--- -- -------oatrars (s�o.nno_n� �.
<br />• � sagtther with irrterest m the rate or rotes provided therein,(herei�,together with any ond oll reaewots,mad�catioas,ari0 txtensions thereof, " ` � �;�;;���
<br /> � refdrred to as the"Note")both principol and inrerest on the Nate 6eing payable in accordartce with fhe terrns sct fanE�tF�erein,reference to . •
<br /> � � � !� which isfiereby made,the finalpayment of princapal and interest,if not soanes poid ond if no renewals,ma1"rfwotions or extensions are made. '
<br /> � " �•� 8-1-92 & all renewals b extension.s thereof.
<br /> � , due and payobb on �' ` �
<br /> • �'.; :' (b)The pe►forrtwnce of each agfetmant and covenant oi Trostor herein contoined;and �
<br /> ' �;... , (c f 1'he payment oi any sum or sums of money with interest thereon which moy be hereoffer po:d or advsrrced under the terms of this Deed of , - -
<br /> , ' ` � Trust. , .
<br /> ;: , . .
<br /> ' . �d)The pa�of any tuture advences necessary ta protect fhe security or any future advance made ac sRe a�tion ot the parties;and
<br /> ` � (e)The performancd ot an obligation ot any other person nomed in this Trust Oeed to 0 6eneficiary. . ". .
<br /> � ; . , �_'� �' �� TO PROTECT THE SECURITY Of THK�EED Oi TRUST,IRUSTOR HEREBY COVENANTS AND AGREES AS PoLLOWS: ,
<br /> • 1,�ry�d/ei�ei�i w/Mte��f.Trustor shall promptty poy when due fhe principal of and interest on ere;ndehTeC�ess evidenced by the
<br /> • ` . �.� Note,and all other tharges and fees as provided in the Note,and the principol of and inrerest on any futur�A:vances secured by this Deed of �
<br /> a . . TIU4t.
<br /> � . Z,wvrMfy d TNM.?rustor is fow�ul�y sei:ed and possessed of good and iR9eteasibte titte and esrat�rc+Fe Propeny hereby conveyed ond
<br /> has the right to grent and convey the Property;the Property is iree and ctea�of oll liens and encumbrcncss except liens now of record;and
<br /> ' Trosta will worra�t and defend the title to the Property aqainst afl ctaims and demands.
<br /> ,' � 3,M�Lf�a M1 l�N�q�l�w�.Trustor shell keep the Prapeny in good condition and repoir ond shall not tommit waste or permit
<br /> ' , lmpaimKnt or deteriorotlon of the Prape►ty ard shall comply with the prorisions of ony tease ii this Oeed oi Trust is on o leasehold.No improve• .
<br /> . ' merM now or hueafter ereeted upan fhe P►operty shall be oltered, removed or demolished wilhouf tbe p►ior written tonserM of Beneficiary. �
<br /> � � • , Trustor sholl comply wifh cU laws,ordinontes,regutotians,covenants,conditions and restrictions affecting the Property and not cammit,suffer,
<br /> ' . or permit ony at to be done in or upon the Prope►ty in viotation o1 ony luw,�ordinance, regutotion,covenanf,condition or restriction.Trustor
<br /> sholl compkta or resfore prorr�tly ond in good workmartlike manner any improvement an the Property which may be damaged or destroyed and . � • '
<br /> � , pay,whm due,al!tfaims for fabor performed and materials furnished fherefore ana for ony olteration�the�eof.
<br /> �1, iurrwa.Trustw,ct its expense,will maintain with insurors approved by Benef iciory,insuranta with respect to the Improvements and ,
<br /> " personal property,constituting the Property,agnlnsf loss by f ire,ligfitning,tornado,and other perits and hazards covered by standard e�tende�f
<br /> coverage erbwsement,in an rnnount equat to at least one hundred percent af the full�eptocement volue thereof and insurance against such
<br /> � other haiaEs and�n such amourNs as is customority carried by owners and operatars of simufor properties or os Benetieiary moy require for its _
<br /> ' �. proteetion.Trusior wilf Comp;y witbsuch other requirements as Beneficiory muy from fime ta rime reauest#ar the protedion by insuronce of fhe ,
<br /> • •� interests of ghe re5pecsive patt"sss.Att insurdnce policies maintained pursum�t to this Oeecf of Trust sbat�n�.me Trustor end Beneficiary as in- .. • . •
<br /> , , � .
<br /> . .. '_ _ ' . .:. g�eQ$�as theie respeetive int6rbsts noy��ear,and provide that there sholt be no cancetta<*ioa ar mOQ'�fitn�ia�e without no tess thon t 5 Qcys '-:
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<br /> ��._._r._..__._.___._i - ��or wntfen ri0lifiCdti6A fo BEntfiE6�y:P,f ttsb'�l8rtt arry pot�4q�►eretmde►is rrot renewe�-arrvr'aefors'is`�trys-p�`is�f�:Ft�fpltQ9t011 Q61E.--.__._ .._-`:_._---.--�_�:-.•' --
<br /> ,�'•�-.-, • ...'t� 8entiiciory may prawe such insura�ce in cuardance with the provisions of poragraph 7 hereof.Trustor shal;aei:ver t6 BeT?sficiory the original � . �
<br /> • �•'' �� ' policies of insurance andren�wols thereof or memo copies of such policies and renewats thereof.Faiture to furnish suth insurance by Trustor,or •
<br /> . �,; ..� .
<br /> � �: : - - renewats as required hereunder shalt,at the cption of Bene�icia.ry,canstitute a defautt. . . , ,_ _ _.
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