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<br /> DEED 0F TRUST :a�T� Page2 ��'.�'�+:A:��;
<br /> o�—��-t�s7 '.U1�.'�r� . _ .
<br /> Loan No 40x15 (Conilnu�al) �'�
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<br /> Ronts�end tho Personal Properry dalinotl bolow. :"�:"�•
<br /> .,�i,.;.,.. _.
<br /> DEFINIYiONS. The lollowing words sh:Jl havo tha tolla::lna rtwanlnfly erh�n usn�f In tlii9 Qood ol 7ruol. Torrr�not othonvise dofined In thls Daed of ;•t.•':;,.�:, _
<br /> Truot ehell have iho mouNngs attributad lo euch torms In lho Unitorm Cotm�orclN Codu. All refproncos ta doller amounte shell mean atrwunts 1n ,;,:�.t`,;�•
<br /> lawtul money of tho United Scetus ol Amor�a. -
<br /> B�n�flclary. The word"8ene11ciary'mo�ne Shormpn c3ounty B�nk,11e tuccoeson�nd�eol�ne, 8lxxman Counry Bank also is referred to ae _
<br /> • "Lende�"In thls Oeed of Truat. �'� �,.��,
<br /> W�6 of Trwt Yhe worde"Deed of Trus�'meao thla Doed of YruGt�m0�w Tfu.tor, Lon�tcr,and Tructc�, r.nd Includas v�lthout Ilmltetbn ell ;•. ::..
<br /> " asefgnment and eecurtry Intereet provl�bna relaUny to tPw Person�Rropaty�nd R�nte. �°�:�','i;;,:
<br /> � ;„.� Qwrantor. The word "Quarento�"me�na nnd Inciudea wtthout ilmit�tlon �ny�nd �I gua�ntore, eurotloe, tnd �ccommodnUon peNes In ;;�,;.;,,,. .
<br /> . ' �, connecUon with the Indebtedness. t^,��,,.,:.
<br /> Improwm�nte. The word "Improvementa"mean�nnd Inciude�without Ilmlt�tlon NI exiednp�nd tuturo Improvementfl,buildings, structures, �.; . •`% �
<br /> moblle homes ettixad on tho Real Property,t�cNitlse,�dditbna,ripl�oen�ente�nd olhe�conslruoUon on tho Real Proporty. �;}-��;���'- • .
<br /> ,;;,a':+:,
<br /> • Imiebtedneaa. The word"Indebtednptis"menns dl princlpai�nd Imereet pay�bie under tho Note and�ny unounte expendod or advanced by i,;:,:j;'.�:�, {� ._:, -
<br /> lencfor to dlscharge obllgations ot Truator or expenses Incurred by Trustee or Lender to entorce oWlg�tbne ol7astor under this Deed of Truat, � �,, _� "
<br /> togothar with Interest on such enwunts es provldod In thla Deed ot Tnist. 8peciflc�ty,without Ilmit�ibn,thle Deed ot Truet secures,in eddfUon ,til,,i.;;,;�a...,-�"-_`
<br /> t o t h e a m o u n t s s pecmed In tr�s Nota,AII tuture arcaunle Lender In IW dlecrotbn mq ban to Truetor,logether wlth ul lnterast ihereon. ;..;;`�;;4,,�_„`;:�;r�`=`-
<br /> ' � '� Lendar. The word"Lender'monns Sherman Counry Bank,Its euccae.9ore�nd asel�na, ��� < . �,��,,;�-�.
<br /> ° � Not�. Ths word"Not�"meane th�NoU d�t�d J�nuary 40,14�7�(fl th�princlpd�mount of s43 650.t10 from Truator to Lender, =
<br /> together with au renewais,extenatans,modiflcaUone,refln�ncing�,and 6ubsUtutbne for ihe Note. � �IS`'�����•�'� `J�
<br /> , �...:.��.,,__-
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<br /> z P e nonal Pr o p�r t y r. The words "Pereonal Property/' meen ell oqulpment, Ilxturee, �nd othw ulklee o1 pereonal properry now or hereeflor s;•�'^.,,. :_ _
<br /> owned by Trustor, and now or hereafter attached or attlxed to itw Ro�! ProFnty; toga2he►with !II eccoesMns, parte,and a d d i t l ons to,N I � �'_ _
<br /> replacementa ot, and eli subsUtuUona for, eny of euch property; and together wlth �II proceeda (Including without IlmltaUon dl insuranca �.;..:�.,•;�.,:__
<br /> • F procoods end refunda of premlums)trom nny eale or other disposltbn of the Proporty. � `'
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<br /> Proparty. The word"Property'means wllectivety the Red Properry and tho PoreonN Proporty. -•.;��•.'��r<�c_—.
<br /> `,,.,:•�,..r�.
<br /> � :� R�ai Pro�perty. The words"Real Property'meen the propeRy,Intoreate end dghte descdbod abovo In tha"Conveynnco end Qran1"section. � :!:;.,.�.,
<br /> �r:'_'�.' :_
<br /> Rela4�d Oocum�nb. The words"Related Documents"rrwnn end Include wltlaut Ilmitutlon all promissory notos, cretlit agreements, loan „t�r:••:;t,;'
<br /> agreement9,onvironmentat agroements,guaranties,secudry agreoments,mortgayes,deede ot vuet,and ell other Inswmente,agroemonte and �.`�;Li;�,,��`
<br /> documente,whether now ar hereafter oxlsting,exocuted In connectbn with the Indebtodnese, ,���;,�f�;`�'
<br /> ,f:.j.,. ,
<br /> Rmte. The word"Ronte"means ail present and futura rente,revanuee,Incoms,lesuee,roy�itiee,profits,�nd othar benefite d`rived hom the �;:.:.�:.,:�;
<br /> Properry. ��s',;,;a: ,t
<br /> TNitN. The word'Trustee"means Sherman Counly Bank and any eubetltute or eucceeeor Weteee. '�`�`•;. . • .,;4. .
<br /> � �. Trustor. The word'Trustot"means any end ali pereons and enUtlee executlny thN Deed ot Truet,including without Ilmit�tlon�II 7n�storo named �`� �;� '.
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<br /> — --— �bove. ,
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<br /> " TIIIS DEED OF TRU9T, IHCLUDINCi THE ASSItiNMEM 0F RENTB ANO TH!dECURIN INT'ERE9T IN TtiE lIEM16 Al1D PERSONAL ::;'it;;� _
<br /> .. PROPERYY,IS QIVEN TO SECURE (i)PAYMENT OF THE INDED'TEDNESS AMD (Z)PERFOlIMJINCH OF AHY AND A6�Oe1.l0AT10N8 OF �;�'�'��_. . �
<br /> . TRUSTOR UNDER THE NOTE.THE RHLATED DOCUMEKTB,AHD 7HI8 DEED OF iflU3L THIS DEED OF TNUSY IS QIVEN A!!A ACCEPTED r.�,}�:,��;,; , . '
<br /> • ON THE FOLLOWING TERM3: �7.:
<br /> : ,�i' ;:.�.W.
<br /> PAYMHI�T AND P£RFORMANCE. Excopt as othervvise provided in thia Deed ot Truat,Truetor eh�l pay to Lender�II rnounb Mcur�d by thb Deed ` .,,,
<br /> . of Truat as they become due,and ehalt elrictly and In a tlmely menner pertorm�d of Truetor'e oWl�etbn�under ths Not�,this Oosd otTruet,�nd the ;i y �;�-•°
<br />? Retated Documenls. ��� . %�;
<br />: � ,, ,�?�. ;� POSSE9SION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Truatore po�osabn md uee ot th�Propertyl�h�ll b�povorned by , � �
<br /> `0� the tolbwing provisbns: �Lti�•:—,_
<br />`i�. '� Posaesslon and Us�. Until the occuRence of an Event o1 Default,Trustor mey (�)rernaln In posaeoalon�nd control of tlw PropMty, (b)ues, �---�—,
<br />:,. � ' .�. operete or manege the Property,and (c)oollect any Rents trom the Property. "���
<br />�_��•� ..,,� Duty to Malntsin. Truslor shell malntaln the Propeny in tenentabte condlUon and prompty pertorm NI repake,replaoen'�enb.�nd m�ir►lenanoe ----- ���
<br />-��''�'-'���' raceasary to prosorve ib vaiue. _ - _
<br />�I11��m:+ve ��,
<br /> Hwrdous Sub�tancN. Tho tcirtns"hazardous weste,"'heserdoua eubetance,••d;apoaal"reteaee�"�nd'thratsnW rM�w�"w uNd In tl� �:�,
<br />��'�"�'"�'` Dedd oi Truat,ahdl hsve the sarrie maanings as aet torth in tho Comprehenstve EnvkonrnentY Reeporros,Conpst�tbn,�ed LI�b1Nly 11ct of ����._____
<br />�7•�"• '-' 1880,ee arriended,42 U.S.C.Sectlon 8801,et aeq. ("CERCLA�,the Superfund Mnendments and Rewthorli�l3on Act oT 1000,Pub.4 No. ��-�s�-
<br /> 1•�: 99-499("SARA'�,the H�zudous Materids TrenspoRetbn Act,49 U.S.C.Sectlon 1801,et eeq.,the Resourca Con�erv�tbn�nd Rocowry Act� ��,;`.
<br />��'. `"`_� .^�'� ,2 ll�.C.°.,;,,"N�ti&".�Jt��:c�^ti.,�r othd°p�!^„_!+M stp+.e^r pnna►�i u�wn nikw,ar raauledon�edopted Durou�nt t0�RY Of tf1�10rW01D0• fie --_ __
<br />�Y�Y.'ir� :-. _ .
<br /> - temx+'hazerdoua weste"nnd'hezerdous substnnce"shNl also Inctude,wiihout IlrNtaUon,pevolaum and petroleum by-praducte or iny h�ctlon _ _.
<br /> rr,�.=��.;.^.� thereof and asbestos. Trustor repreaents and wertanis to Lender thet (e)During the porbd ol Truetor'6 ownar�hip o1 ttw PrApMry,tlwra hRa ����
<br /> d„� ��.� been ra uae,gener�Uon,manutadure,storege,treatment,disposal,release or threatened reiease ot�ny huardous wa�N or wtMtance by�ny __
<br />�,s s„�:"`'�`-°� person on,under,ebout or 1rom the Properry; (b)Trustor has no knowtedge of,or reason to betieve th�l there h�e bNn,ucc�pt a�prwbuMyl �°-�__-_
<br />_:��J- dlscbsed to and acknowfedged by Lender In wrlUng, Q)ony use,genereUon,manutacture,etorage,Ve�tment,dlapotN,rM�aN,or thr�krwd ;���;,-_
<br /> �.. __...:.. rdease of any hazardous waste or eubstance on,under,about or hom tho Properry by any prior owners or occup�nq of th�PropMt�l a (1��ty �;1-=:
<br /> . :,�'�s-r��-� actueJ or threntenod Itt►gatlon or Galms ot any kind by any pereon releUng to auch mettere;�nd (o)Exc�pt a prwiout!y awao�d a.na �.;�;_
<br />' ��:;.�L.1;.. , ecknowledged by Lander In wrlUng, (I)nelther Trustor nor any tenant,ContrACtor, agent or other euthotiz d uaer of tM PiopMry�haM uM, , ti�.
<br /> � f. genorete,menutacture,store,treat,diapose of,or rolease any hazardoue waste or eubstance on,unda�,�bout or trom tM Prop«ty�nd (II)Rny %�-_:_
<br /> � euch ectiviry ehall be conducted In compllance with all eppliaable taderd,etnte,nnd IocN lawe,regul�tbne�nd ordinar►o�,(nCludM whhout �—
<br /> Ilmitetlan thoso Iewe,regutatbns,and ordlnances descdbed above. Truator authori=ee Lendsr�nd ite�gerrif to�ntw upon tM PropNry b ,�`���
<br /> ' �� m�ke euch I ns and tests,at Truator'e ex nse,�s lendor may deom�ppropdate to determine compN�na o}ih� Propnty wNh thM '�`4
<br /> . nspectb pa {:E�;:�..:_.
<br />' eecUon of ihe Oeed o1 Trust any Inspectlona or tosts made by Lender shap be tor Londer'e purpoaes ony�nd ah�ll not b�oonMn►�d b a�
<br />- � ' amr responslbllity or Aabiliry on the part ot Lendor to Truaror or to nny other poreon. The representetlone md w�r�nqN ooMMne�MrMn r� �'1,��:
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