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<br /> ACKPIOWLE03E�AENT OF DEED OF TRUST g,Z� 14�.�.�'�
<br /> -- TRUdTOR RFAD TMIB BBFORE 81ONIN(�:
<br /> Truqo►undKSqnds tl�atlh�docummt th�t Truator it�boutb���ouM I�a DNd olTrun�nd not�morfp�N�nd Ihattl�powM
<br /> of�sM provlad br in Ih�Oa�d of Tru�t provfda wb�ntlslly dllh►mt rlphb�nd obllp�tlon�Oo T�uqo►fhan a maq�p�In fhe w�M
<br /> -- - of a drhiuit or brMCh of obllpolon und�r th�OMd of Trup,InCludinp,bul not Ilmit�d to,th�L�nW►'�rlpht to haw�Prop�ir Iicdd
<br /> •^ �� by th� T�u�tM without any Judlol�l proaNdlnp,Tru�tor npr�nb�nd w�rr�nt�M�t thl��cNnowl�dpsnMnt war�x�auMd by
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<br /> -- � --�-a-.� DEED OF TRUBT WITH FUTURE ADVANCES
<br />��;��� 1'Ff18 DEED OR TRUST,b rtwd�u o1 d».��—dey ot ,w+ ,lo�,}.by and amonp
<br /> t. .,��x�; ,' th�Trustor, rw� r..�s�..• a� w 1ww ,
<br /> � "' '' �123 M 2nd St ar�nd I�l�nt�
<br /> who�m�llinp addro�a i� ereln'T►us�;'�r��r more),
<br />.. - - - ��7'� •'��'�'�- �10 TfUi�9� @a o� Pw�w�a Il�nk � Y�hrulu ['�rnnr��i inn -- --
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<br /> _""'�` . � „.°' WhOM filNlfllp Bdd�Y�Y li p_A_ i1n�t f!iw'� ar�ed I�l�ed. ILB fi8B02 — (h6r6111 "TRJ/fN"�i�ld
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<br /> ---•"�•�:��y''�-�'';°'.;Yi�";`'' ' FOR VALUABLE CONSIDERATION,inoludinp Landar'�exunslon o1 crodlt IdonUAad horaln to
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<br /> � � � _ r..����.. ew.... ,jp_ (hereln "Borrower",whether one or mora)and the tru�t heraln created,
<br /> "�'"``��`« � the rec�ipt o1 which Is he►eby acknowledped.Trustor hereby Irrevocebly grants,tranafero,conveye and asalpns to Truetee, IN
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<br /> '� '"" ` TRU8T,WITH POWER OF SALE,for the benetit and tocurity of Londor,under ond tub�ect W tFw torms and condltlon�Iw�ilnalMr pt
<br /> il�, fortb,th�real propMy.dwcrlbed as follows: -
<br /> �'��II�r Lots One ll) �ed Tro t2) in Bloak On� Hunds�d S�v�n 1107f in Railro�d Addition �
<br /> -�� ' ��� �r�� to tb� City ai araad I�l�nd� H�11 County, li�bsaak�.
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<br /> _�� ' i�, '• To9ether with all bulldinpa,Improvements,fixtures,streeta, alleys,paeeapeweya,eaaemente,riphu,privllepea and eppurte•
<br /> __ �'1�'�� � :� � nances loceted therean or In anywise pertefninp thereto,and the rentc,iasuea and proffte,reverelona and remalnden thereof,end
<br /> - - euch penona prpperty that ia atteched to the Improvements ao as to constitute a Ilxture,Includin�,6ut not Nmited to,heatinp and
<br /> . �t. ,k� ' coolin�equlpmenx and topether with the homeataad or meritel Intereste,If eny,which Intereats are hereby releaeed and waivec';ell -
<br /> , ,��'+--,; ol which,Inc�udiny replacements and additfons thereto,Is hereby declered to be a part of the real eafate aecured by the IWn oi thl�
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<br /> ''}"'�� � Dead o}Trust ard all oi the lorepolnfl beinp re(erred to herein as tl�e"Property".
<br />- ~� � Thb Oeed of Tru�t ahell�ecure(a)the payment of the principal aum and interest evidenced by e promissory note or credft �
<br />` : .".:,�``'�;, '" opreoment dated ,hav�np a maturiry dete ot g��,R;_�p�M ;qg� .
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<br /> ;,� •�!�"� ""'„�"b°. in the orlpinel p�inelpel amount of S �,9g„_� � ,and any and ell modHlcaUona,extenalons and renwuals
<br /> ' :r�;, thereoi or thereto end any and all future advance�and readvances to 8orrower(a any of them II more then one) hereunder
<br /> ^-'ti",'; ;� :�� purouantto ane o�more promissory notes or credit agreamenta(herein called"Note");(b)the payment of other aums advanced by
<br /> � Lender Fo protect the security oi the Note:(c)the pertormence ol al I covenenls and agreemente ol Trustor set fo►th herein;end(d)all
<br /> �_ preaent end luture Indebtednesa and obB9ations o1 Borrower(or any uf ihem if more than one)to Lender whether direct,IndlreCt
<br /> �,. absotute or conUngent and whether arlsing by note,guaranty,overdraft or othe►wlae.The Note,this Deed of Truat and any and all �
<br /> _ , �'::��;: `-. other docuenls that secure the Note or otherwlae executed in connection therewlth,Includlny wlthout Ilmltation gueranteea,security �
<br /> . •p��-!► .� '�. � a�reements and aeslpnmenta ot leases and rents,shell be referced to hereln ae the"Loan Instrumenta".
<br /> ���:� Truslor covenants ar.d apree�with Lender as follows:
<br /> � 1. P�ym�nt ol Ind�bUdn��s.All indebtednesa secured hereby shall be pafd when due.
<br /> • '�`' '�'` .. 2. TMI�,Truetor le the owner of the Property,hes the rfght and authorlty to convey the Property,and warrents thaf the Uen
<br /> � �� created hereby la a tirst and prlor lien on the Property,except for 11ens and encumbrancea set forth by Trustor In wrlting and =
<br /> ��'- delivered to Lender be(ore execution of thls Deed of Truat and the executlon and delivery of thls Deed ol Trust does 7ot violate any •
<br /> , contrect or other obligatlon to whlch Trustor Is aubJect.
<br /> 3. T�xh,Ass„tm�nb.To pay belore delinquency all taxes,apecial asaesaments end ell other chAryes apeinat the P�ope�ty
<br /> �r" now or hereafter Ievied. i
<br /> � 4. la�unnc�.To keep the Properly fnsured against demage by hre,hazards included within Ihe term"extended coverage",and
<br /> � � °. ' euCh other hezards as Lender may requfre,In amounts and w�lh companles accepteble to Lende►,nemfnp Lender as an addillonal
<br /> � �. � ' named Insured,wfth loss payable to the Lender.In case ot loas under such polfcles,the Lender Is authorized to ed�ue� c011ect and
<br /> .. � ° � compromlae,all clalma thereunder and shell have the opllon of applying all o►part of the�nsurance prxeeds(I)to any Indebtednesa
<br /> � ., , � aecured hereby and In auch order as Lender mey determine,(fi)to the Trustor to be uaed for the repafr or reatoraUon o1 the Property
<br /> , q or(Iii)tor any other purpoae or ob�ect setlafactory to Lender without aHect�ng the Ilen o1 thfs Deed of Trust lor the lull amount secured
<br /> � ' � hereby before euch poyment ever took plece.Any applicatlon of proceeds to►ndebtedness ahall not extend�r postpone the due
<br /> �. dote ot any paymenta under the Note,or cure any delault thereu�der or hereu�der.
<br /> y,,, ._ - 5. &crow.Upon wrltlen demand by Lender.Trustor shall pay to Lender,in such manner as lender may desYgnate,suHicient
<br /> —� , � eume io enaoie i.ender io pny as iney oecome oue onn or rrwra oi ii�y iviiowiny.�ij nii inave,noavs5mni�ie ai�u'Oiiwi a.i�nPyob 6y6ii�oi
<br /> . the Property,pl)the premlums on the property Insurance reqWred hereunder,and(III) the premfums on any mortyape Insurance
<br /> �- ' requlred by Lender.
<br /> 8. Mdnt�n�na,R�patn�nd Compll�nc�wlth Law�.Trustor shell keep the Property In good condition and repair;shall
<br /> . �•�� promptly repelr, or replece eny Improvement whlch may be damaged or deatroyed; shell not commlt or permft any waate or
<br /> deterloretlon of the PropeAy;ahall not remove.demolish or substentlally alter any of the�mprovements on the Property;shell nol
<br /> , commf t,auHer or permll any act to be done in or upon the Property In violatlon ol any law,ord inance.or regulallon;and ahall pay and
<br /> � promptly diecharfle at Tniator'a coat and expenae all Ilens,encumbrances and charpes tevled.Imposed or assessed apainal the
<br /> " ' Properiy or any paN thereoi.
<br /> - 7. Fmin�nt Dom�ln.Lender la hereby asalgned all compensatlon,awards,damapes end other payments w rellel(herefnaker
<br /> "Proceeds")In connectlon wlth condemnellon or other teking o1 the Property or part thereol,or for conveyance In Ileu of condemne-
<br /> � ..;�, • Uon.Lender ahall be entltled at Ite optlon to commence.appear in end proaecute in Its own name any ection or praceedings.and
<br /> • � ` � aholl al�o be entltled to mske eny compromise or settlement fn connectlon wlth such taklnp pj da�pe.In the event any portion of
<br /> •�.i.�� N�C3�671Nonprculwr�IDwtlIRw10�(1! �y ' . �
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