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<br /> .. THIS3FMlSTDEED i�d�thi4 16th Y� 'I�Iaxc►i���T ' 1 9g���p��P 3 Richsrd D.
<br /> K�"rachner..and_Kim A. •Kir��ne�, �usban an Q n ic .7.�am+ers �n atr esa . +�ser , �
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<br /> �Y�� iCR YAftA�lf COlISIO�A�ION,inctu�g th�i�idr6t�dnas indmtifird IMnin and th�fint hK�in arobd.th�nc�iot of�id�isi��b�►.
<br /> ;�__� T:.� octu�ewNd�1.T�ator i�c�+raca6lft�s�transhrs:con�lls.ond ossisns ta Tnrst�.l!I TlttlSf.WiTH POYIIER OF S11tE.tar th�b�fi►and
<br /> -- -- -- faisNy.of f�Iici�,und�and suljat ta tlr hre�s md taMdims�tAis Di�d of Tryst.t!w nql prop�Ay d�wiWd m toNows: _
<br /> 1'E�e ttesterly Seventeen t 1J) �eet of Lot Ti►o t2) and A2� of Lota Three (3? ,
<br /> � � and Four (4}, .in Block Twenty-six 1263, iq Ori�inal Tovn of Wood River, Hall
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<br /> �° , - . TOGETHER WITH,oli rer�ts,profit�,royaities,ineome and other bene�ts derived frai►ffia reol property:all kasss oa subleoses caveriAg ihe ,' =',�
<br /> ,�: titk aW interes�of Trusra thereu�der.all iR- � �°.� � �Y
<br /> reol propMy ot.an1►'Po!�rdai tHereof,now w hereaher existing or entered i�o,md aff r+pM. J�..' ', .'':.":;,;: '•� . �
<br /> • � • terests,estate ot other cbims,both io(aw and in equiry,whicb Trostor now has or moy hereafte�acquke in the reat propeAy:a0 ea�� � [ •,:"��:;:`-;.;.':��=:�'.:• �`
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<br /> r�ts-0 f-w o y, t e n e n+x K s, h e r a d�t a n e n t s a n d a p p u r t e n a x e s t h e r e o f a n d t h e r e t o: a l l o i l a n d g o s r i Q h t s a�d p r o f i t s,w o t e r r i q h t s a b .,
<br /> ` stockr dl ri9ht,titk and intetest of Trusta,naw owned or heroafter atquired,in and to any land lying within�the rigftt-of-way of aty stroet or 4���`• ,, •
<br /> • hghwpy odjoinin�the�ea)property,a+�Y�oll buitdirps, fixtures, improvements,cu�d appurtenmices now or hereafter arected thereon a f - .. :i�,.
<br /> belagirg thereto,(herein referred to os"tmprovemenY'or"tmprovements");and any and oll awads made for thc taking by eminent domain f
<br /> � ' : a by any proceedinp or purchose in lieu thereaf,of the wfiole or any part of the reol property. i '
<br /> . All of th�iarepotrg estate,properfy ond interest hereby conveyed ta Trustee herein coltectively►efened to as the"Propehlr"'. • l : .
<br /> � THIS Off0 Oi TRUST SHALL SEClJRE: � ' '
<br /> (a)Th� ot ind�btedness evidenced by Trusta's note ot even date herewith m th�pnncipol sum af '�+enty Thousand � , .-
<br /> � � and na/ OOs- -- --- - --------------- --------- --- ----- pcllas li 20,000.00 _1, i
<br /> top�th�witA intenst at the�ate a rates prov'�ded therein,(herein,together with ony ond ull renewals,modif'KOtions,and extensions thereof, ; • ,
<br /> � � � ' afer�d to as the"Note")both principal and intetest on the Note beirg payabb in acordance with the terms set forth theroin,reference to � . •
<br /> which is heteb�l made,the�natpayment of principal and interest,if not sooner ppid ond if ao renewats,modiiications a e�ctensions are made, � , .
<br /> � dus and payobk on April 1, 1992 8 any renewals or extenaions thereof. __ ____`. , � „
<br /> (b)The p�rfamance of eah agreement ond covenant of Trustor herein contained;and � �
<br /> "' , , (c)The payment of ony sum a sums of money witb interest thenon whicN may be hereafter paid or advanced under the terms of this Oeed of F �
<br /> , � Trust. . �' �
<br /> . (d)The paynknt of any future advances necessay to protect the security or ony iuture advance made ot the option o1 the parties;end
<br /> � (e)Th�p�rior►nance of�r db�qation oi any other person named in this Trost Oeed to o beaeficiary. , '
<br /> • ' TO PROTECT THE SECtRtFLY G�n+�S DEEO Of TRUST,TRUSTOR�NEREBY COVENANTS AND AGREES AS fOLlOWS: ; �
<br /> � t,/�f d/1MeiM1�i i�lwtst.Trusta sholi promptly pay when due the principot of and iMerest on the indebtedness eviQenced by the : � •
<br /> � � Note,ad alt other charges and�ees as provi�ed in the Note,and the principal oi and interest on o�Y future Advances secured�y this Deed of
<br /> . Trust.
<br /> Z.�wrMty�f Ti11�.Trustor is lowfulty seized and possessed oi qaod and indefeasible f;rte y;�rtate to the ProperlY here6y conveyed anA
<br /> � ' � has the�ight to g�arrt ond convey the Property:the Praperty is free and clear of oll iots cr:d��cumbronces except liens now of recad; and .
<br /> _ , � Trusta wiN warrant ond Eefend thetitte to the Property agoinsl oll cloims and demands. � � •
<br /> ' � 3,�a�/C�ritb lwn.Trusta shall keep�he P►'opern►in good condition and ropair ond shall not commil woste or permit I' '
<br /> , . irnpoim�ent or deteraratian of the�roperty ondshall compty with the provlsians ot any lease if this Oeed of Trust is on o kasehold.No improve-
<br /> ' ' . � nMnt now or hu�oftu erected upon tAe P�roperty shall be ahered,removed or demolished without the pria written consent of Benefic'wry.
<br /> . Trustor shall eomply withall laws,ordinances,regulmions,covenonts,conditions and restrictions afieNing the Property and not commit,suffer.
<br /> � or pNmif aiy act fo he done in or upon the Property in viofafion o}any faw,ordinonce,regutation,covenant,canditian o►restrittion.Trustor
<br /> ; ., . � shall tomplete a restore pramptty ond in gaod workmanlike menner any improvement on tfie property whicb moy be damnged or destroyed and •
<br /> • r '��� , pay,when due,oll ckims ta lahor p�rformed and materiats turnished tl�erefore and for any alterations thereol. � •
<br /> . � ,, .
<br /> ::•:� 1, ywtwp.Trusta,at its exp�nse,will nwintain with insurors C�pioved by Benef iciary,insurance with respect to thq tmprovements and
<br /> _ . ._ ' � .�' , _ personal praperty,constitWing the Froperty,against toss by fire,lighm;ng,tomoQo,cnd other perile and hazards covered by sfunAnrd extended ,
<br /> • .� coveraga EnQorsement,in an amaunt equal to at least ona hundred percent of tht fb71 reptacement value thereof ond insuran�e agcinst such
<br /> ' : � � other h�ds�Id in sucb amounts as is customorify conied by owners ana aperotQrs af simutat propeHies o�os&neficiary may require for its
<br /> profecticif.drustar will comply with such other requiremeMs os 8eneficiCry may from time to time request for the protectian by insurance of the.
<br /> • interests af the respeCtive p(xties.Alt insurante poticies maintained pursuant to this Deed of Trust shal!name Trusta and Bene�iciary ns in-
<br /> � s�seds,as their respective iMerests may appecr.dad�ovide fhot there shal!be na cciceHetion ar madificution withaul rw te�s than 1 S days , • •
<br /> � � ° pr'�or written ratrllcatian to 8eneficiary.In the eveM eny policy hereunQer is not renewed an or Aefore 1 S days pria to its expirotion date. �
<br /> _-_: - - - --_�---.::__ .�:_. _
<br /> • Bene}iciory mny pracure such insuraice in acordance wifb fhe provisions of pdragiupt�7 hareaf.'trustor sfiafi�efive►to Benaficiarytite arigirmf - = •-=-- ---
<br /> ' , pu�icies e}insurante anA ranewals thereot a merno topies of such poGcies and renewals thereof<failure totumish sucf►insurante by Trusto�.ar
<br /> • renewats as required hereunde►shatl,at the optionof Benefieiary,constitute n defau{t.
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