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<br /> � . D�ttf d� Mo■d�11 Truqor ,
<br /> �, _ . DEED OF TRUST WiTH FtRtJRE ADVANCES -
<br /> . Tws oEm oF rnusr,�s msds as ot ms-�d--aa�r o� �. ,»�2..ay ana amon� `
<br /> 1tNfTrusbr, 7 �•� v ...,.a.ii t Y�tt� � v....�.d.ti , eusb.ed �nd �if� ` .
<br /> whas msiiin�addrees is 1?22 Y 4th St tir�ad Islsn���7rustor�'w6 efi�fisir�o�morek
<br /> tlloTNlleB Ciw P�int��elt�a �bradn Colnor�atinn - -- - .
<br /> wtwN ma�ig�edre�sis P Q• Box iS�7 6raad Islan� � .�2 (heceNn"T�u�ee'�:ais� - .:%
<br /> .;`Bte Bendfi,�wrY. �..::t'��or Po n � Wk � _ ,. � _ i. . .
<br /> . .,, wfw�e s?i�7isip addrels is �.n on: tSrf er..�d i�1411�r 1� 689�2-fSi7 —(hefei�"L�eci.Qe�.
<br /> _ � F0�VALUA9LE CONSIBERATION,inciuding Lender's extenston ot credtt ide�tlfted herein toT 61� ����1
<br />- - : . �:;.. • - (heretn"8orrowet".whether one or more)and the trust heroin cree6ed,
<br />,:R= ths receipt of which ia itereby ackrtowted�ed,Trwtor hareby taevocabiy grar�tranaters,conveys and aasi�ns to Trustes,IN
<br /> TRUST.VYITH POWER OF SAI.�tor the 6eneNtartd aecurity oi t.ender,under and aubjecttothe terms and condidor�s hereina(ter eet
<br /> = bAh,tbs real ProperH,descri�a!a�toitow� .
<br /> _ �tiraad I�ssad�,�1i�31�Countr M�.S�Ddivision, s�► Addition to tl� Citr oi
<br /> . .
<br /> L':� Topether wfth all buildin�s,improvementa,tixtures,etreets,aitey�.passa�eways,easemeori,rfyhU,privftsas a�nd appurlt-
<br /> nancN loCated therson or in enywiss pertaiininp thereto,and tne rents,iasues and protib,reversions and remainders thanot.+nd
<br />:�;= sucb psrsonal prapsrty that is attachad to the improvemertis so as to constitute a Hxturs.inctudinp,but aot Itmitsd to,hestlnQ ana
<br /> ,� cootin�equipmen�and topsthar witb tha homestead or marital intereets,if any.which interests are he�eby reteafed and watvfd;all
<br />-- ot which,inctudin�replacements anA additfonsthereto,is hareby declared to be e part ot the real estats aecured by ttle lien of thb
<br /> - Oaed ot Trust and all of the foregoinp beinp rolerred 10�ereln as ihe"P�operty". .
<br /> Thls Oeed of T�ust shail aecura(a)the payment ot tha principal aum and interest evi0enced by a promiasory note or c�adtt
<br /> J'=• ayreernent dated ,having a maturtty aate of ��sil Sth 193? . _
<br /> -=�� in the o�iginal prtncipal amaunt of s 2!.$�.� � ,and any and alt moditicationa,extensions and renew�ts
<br /> thareof or thereto and any and atl tuture advances and readvances to Bonower(or any of fhem if more than one)hereunder
<br />-`�`.•.r. pursuaint to one or more promisaory notes o�credit asreements(herein catted"Note'q;(b)the payment o1 other sums advanced by
<br />=�;�-� LenEerto protect the aecurlty af the Note;(c)the peAormance of all covenants an0 agreements ol7rustor set forth herein;and(d)atl
<br /> _ _ pre�ent and tuturs indsbtsdnASS and obli�afions of Borrower(or any of them if mare than one)to Lender whethe�dlreC�indirecR
<br /> ��� absatufe or continyent and whet�er adeing by note,guaranty.cvetdr88 or otherwise.Tha Noie,thi9 Oaed ot T�us1 and any and 911 _
<br />�*�• otherQxuentsthats�CUrstheNoteorotherwlaeexecutedinconnectiontherewith,incfudingwithoutlimitationguatentess.�ecurity -
<br /> ="-=� eqraert�ents and assipnmen�of teases and renta,shali be refgrred to herein as the°Loan tnstrumenq". _
<br /> =- Trustor covenants and agrees witM Lender as tOilow9: ;
<br /> �' .,s 1.Paj1n�M11 d(nOdN�dn�.AIt indebtedness 88CUreQ hereby shall be paid when due. �
<br /> 2,TiN.Tru�tor is tfle ow�e►ot the P►operty.has the right and authority to corney tha Propertyr,and wa�rants that the Ilen
<br /> ;.; created hereby is a iirst and prlor Iten on the Property,except for liens and encumbrances set torth by Trusto►in writirtg and
<br /> deliveredto Lender before execution of thl9 Deea o1 Trust,and the execution and delivery otthis Deed o!Trust does not viotateany
<br />-- - cantract or other obiiyation to which Trnator is sub{ect .
<br /> -. 3.Taxn�A�nb.To pdy before deiinquency all taxes.speCiai assessmenta and ail other charges egalnst tha Properry -
<br /> now w hereatte►levle0.
<br /> 4. Inwranct.To keep the PropeAy inaured against damage by fire,hatards�ncluded within the term"extended Coverago",and
<br /> ' suoh othsr hazerda a�tender may require,ln amaunts ana with companies accoptabte to Lender,naming Lender as en additional
<br /> named insured,with losa payable to the Lender.I�case of los�under such policies,the Lender is authorized to adJust,coltect end
<br /> � comprOmise,all ctaim�thereunder and shall have the optlon of appiytng aii or pan otthe insurance proceeds(i)toany tndebtednes�
<br /> aeCUred hereby end in such order es Lender may determine,(11)to the Trustor to be used tor fhe repair or re�to�ation of the Properly
<br /> . or(81y1or any other purpose or obJect satistactory to Lender without aftecfing the Hen of thi9 Deed of Trust tar fhe futl amount secured
<br />_ hereby betore such payment ever took ptace.Any appticatlon o}proceeda to indebtednes!shatl not extend or poatpone the due :
<br /> date ot any payments under the Note,or cure any Qelautt thereunder or hereunder. �
<br /> - �. .' '. 5.E�crow.Upon written demand by LertQer.Trustor shatl pay to Lender,ln such manner as Lende�may designate,suHicient
<br /> - sumstoenabte Lender to pey asfhey decome due one or more of the toilowing:(i)all taxes,asseasments and other chargesagalnst
<br /> ' -- ' thb Prbp!lAy.pi}the prem►ums on the properfy insurance required hereurtder.and(ii�)the premiuma on any moAgage inaursnce
<br /> : rsquirea by Lender.
<br />. ..ry;.,l.' :. � 6.N�Nbnsne�R�pawa and CanpUana wNM t�awa.Trustor ahait keeJt the Properry in good can�itian and repali:shall
<br /> ��,� � promp7y repalr�or ieptace any improvement whicb may be damaged ar Qestroyed;ehall not commit or permit any wasts or
<br /> . date�ta�Non of ths Property:sha4f aat remove,demolish ar subs�nUalty etler any ot Ufe lmprc�etments ort tha Property:shall not
<br /> '"�° . comtniR auHer or parmA any act f0 bb Cone in or upen fhe Property in viotaUOre�teny taw,ordinanC�.or regsiation:and sha11 pay and
<br /> �. Qron�tly dlschargs a!i"rustoP�coet and expense afl iiens,encumbrances art0 eharges levied,imposee c��ssessed againat ttre
<br /> �--- _ _ � � Prn�lyaramcpart.�reof - . .
<br /> •�� 7.EmMf�nf Qom�ir►.Lende�Is hereby assigned ail compenaaUon,awarOs,damages and other paymer�or rellef(heret�after � � J �
<br /> . � "Prnce6ds'�tn cannecNon with co�rdemnatlon or olher feking of the Property ar part thereof,or tar canveyaac�in Ueu a!ca�mna �
<br /> ...
<br /> �=w_ Uoo.Er�sQer aha116e entiUed at its option te commence,appear in and prosecute fn its own name any aCUon or proce��gs.and
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<br /> . _._... _ahall qi�o be antitted to matce any compromise or setUement in connecflon wlth such taking or damage.tn the event any porUOn of
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