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<br /> - - � THI�DEEQ OF Tf�U6T,It mad���of thr-�--d+Y of..._..,..._ ��--=• — ._.w,9:....�:�»L���,�=:�^"� -
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<br /> - �03 M 2nd �� ,� -------.-,�,..Orand •1�edthK�ln"7ru�r���'�br man►, �
<br /> _------- - -- --, whu�maNlnB�ddra�s!r....,....._._.�...
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<br /> - N1s Tru�ess� _.._ ,
<br /> �•• who�rrw�i�inp�ddrae U p•0,.=._...8°x�s07 drsed I�i�nd. fiS 688A2 __.,�..� (hKNn"TruKM"1.and
<br /> the BeneHciary.��P2#Q-�-�IIIII� �
<br />_, -. • •--__� K �x��i t�+r�nd iniMnd��116. f,11r902-�',id? (hMai�"L6ntler'�.
<br /> whose m�tllln�addrew It�?lll� T��c'ji� -
<br /> FOR VALUABLE C(3NSIDEfiATi�t�,f'ncludinp Lender'a extennlon ol predtt Idsr�tiHed husin to�.�-
<br /> '�!,���er StioD I114 (hnreln"Eturrower',whather one or more)snd the truet heraln 4nlatad,
<br /> the eece�pt of whtah la hereby ncknowledfled,Truatar hereby Irrovoeably a►anU,tren�fer�,eonveya end Aael�ni t�Trualae,IN
<br /> TIiUST,W ITH FbW ER OF&ALE,tor ths bsnMit and securlty ot Lender,under�nd eubjectto tha txrms and co�didon�herNnafMr o+1
<br /> tohh,the real property,descrlbsd ee(ollowe:
<br /> ta�thehCi�y+ot ar�ndnl�lind; Hi1�County,�Nib oi pen 4�.�'71, Rwiiro�d Additinn
<br /> . —._.�--------� �
<br /> � � �.�� ..�r. _
<br />- = — Together with sl!bulldinga,Improvements.4lxturoe,streete,elleya,paaaayeways,easemeniu,�iye�is,N��.��ayaa a��,...;.F...� -
<br /> �� n�ncea located therean or In anywise pertalninp thereto,and the rents,Issuea and profits,reverelone and remalndere 4heroof,and
<br /> suah personal proper¢y that la attached to the Improvemen4�so as to conetltute e fixture.Includinq,6ut not Ilmited to.heatln�and
<br /> -f— - cooUn�equlpmen�and togather wlth the homeatead or maritel Interesia,If any,wi�lch Intereats are hereby relea.sed end walvod;ell
<br /> -= ot which,Includlny replacemente and addltinns thereto,la hereby declared to be a part of the►9al eatete oecured by th�{Isn ot t�ls
<br /> ?'�'��'� Deed of Truat and all at the forepol�g being reforred to hereln as the"Prnperty".
<br />::�:;.;;F
<br /> -�>>'ti'� 7hls Deed ot Trust shall secure(a)the pgyment of the p�lnclpef aum and Interest evldenced by e promlasory note or cred(t
<br /> .�,�,
<br /> ,�.� .,having a maturlty date m � �'`� ":L �
<br /> %:�;:;' a9raement dated —.!lay�l.h...19�.�—
<br />,:3i;,n�:t
<br /> _=�.;�-''''� iep,_�f}0.00 ,and any and all modlticatlona,extenslons and renewela
<br /> ��.:� .
<br />�=°,��;.� „�4� . In the orlglnai princlpal amount of
<br /> `��"�t •��'��` thereo}or therato end eny and all futuro adv�nces and readvances to ��rrower (or any of them If more then one)hereunder
<br />_'=': +.��x' i;., ,.
<br /> -�y�:,;y,��"�- , ,.ursuant to one or more promissory notes or credit agreemente(herefn celled"Note");(bl th�payment of other suma udvanc y
<br /> -ti«'t� ;i Lender to protect the socur(ry of the Note;(c)the peAormance of all covenants end agreements of Trustor set foRh herefn;end(d)all
<br />:,%..,•�'.`�`�r'��''�h'`'} preseM and tuture Indebtednes3 and obl�gatlons of Borrower(or ar�y of them If more thsn one)to Lender whether direct,Inotlrec�,
<br /> �`.
<br />:��-`,�=:4�`�. aba�lute or cont ingent and whether arlatn g by note,guaranry,overdreft or otherwlse,The Nate,thls Deed of Truas and any end all -
<br />-.��.�.+^�s:.�b::: � other dacuents that secure the Note or othorvvtse executed In connectlon ti�er�ewlth,lncluding wlthout Ilmltatfon guarantees.securlty
<br />-••=-�;����+) agreements and asstgnments of leases and rents,shell be referred to hereln es th�"Laan Documente".
<br /> �•--ri�~�*�� Trustor covenants and agrees wlth Lender es tollowa:
<br /> �1'� '' t�0� ' 1. Pagm�nt nf tnd�bt�dn�.All Indebtsdness secured hereby shall be pald whon due.
<br /> � .
<br /> � ' �'��t.i$ 2.TINa.Trustor Is the owner of the Property►,has the right and authorlty ta convey the Property,ond warranUs thst the Ilen
<br />=_���•°.---• �� :��; created heraby Is a flrst and prfor Ilen on the Property,except tor Ilons and encumbrancos set(orth by Trustor ln writtng end
<br />-�;R-;-+��,._•M:U��. de l iver e d to Lender betore exeouU�n of thls Deed of Trust,end tho oxecutlon and dellvory ot thls Deed oi Truat doos not vlolate any
<br /> �r.rw•-•�.t�,�y, contract or other obllgatlon to whlch Trustor Is subJect.
<br /> -.,. , r:�,.. 3.Tax���Assnsm�nb.To pay betore delfnquoncy ell taxes,speclal aosesementa and all other charges agelnst the Property
<br /> --"� now or hereafter levled. -.
<br /> -� �• �;� 4. Imu�ana�.To kee p the Property Insurod agalnat damage by flre,hezarde Included wlthln the tgrm"extende�coverage",and
<br /> such other hazarde ae Lender may requlre,in amounte and wlth companies acceptable to Lendar,naming Lender Ao an addltlonal
<br /> named insured,wlth losa payabte to the Lender.In case of losa undor such pollcles,�he Lunder Is euthorized to adJuat collect end
<br /> t compromise,all clalms thereunder and shall have tha optlon ot applying all or part of the lnsurance praceeds(I)to eny Indebtedness
<br /> ' . .�,.,. ' secured hereby and In such order as Lender may determtne,(Ii1 to the Trustor to be used tor tho repalr�or restoratlon ot the Property
<br /> � or(ilq for any other purposo or ob�ect satisfaotory to Lender v�lthout afiecting the Ilen of thls Deed of Trust tor the Oull emount sacured
<br /> � ho►eby 6etora auch paymenl avar took placo.Any rsppllcetton of proceeda to Indebtedness shell not extend or postpone the duc�
<br /> date of any payments under the Note,or cure any default thersunder or hereunder.
<br /> " 5. Escrow.Upon wrltton demand by Lender,Trustor shall pay to Lender,In such manner as Lender may de�lgnate,suRiclent
<br /> • suma to enable Lender to pay as they become due one or more af the following:(I)all taxes,essessments and other oharges agalnst _
<br /> � : .;� the Properly,(II)the premfums on the property Insuranco roqulred hereundor,snd(III) the premiuma on any moRgage Insurance
<br /> requlred by Lender.
<br /> • 8. M�Intenrnc�.R�polre and Compflanct wltti Lawa. 7rustor ahall keep the Property In good condltlon and repair;ehell
<br /> `., . � promptly repatr, or replace any Improvement whlch may be demaged or de9troyed; ahull not comm(t or pormltpei�,hall ot
<br /> deterloratlon of the Property;shall not removo,demollsh or aubstantlally alter any ot tho Improvements on the Pro e _
<br /> comml�auNer or permlt any act to be done In or upon the Properry In vlalatton of any law,ordinance,or ragulatlon;and ehell g►uy artd
<br /> promptly dlscharge at Trustor's coat and expen�o all Ilens,encumbrancos and charges levled,Imposed or assessed agetnst the
<br /> Properiy or any�art thereof.
<br /> 7. Eminont Domaln.Lendar Is hereby asslgned all compensation,awarda,damages end other paymants or rellef(herelnatter
<br /> "Proceeds")In connectlon wiih condemnatlon or othor taklny af the Properry or part the�eot,or(or conveyance f n Ileu of condemna-
<br /> � tlon.Lender Bhall be entltlod at Its optlon to commence,eppear in and prosecute in Ita own name any actlon or proceedlnfla,end
<br />' . shall also be entltled to makc�eny comp�omise or seKlement In r.onnectlon wlth such taking or damage.In the event eny portlan ot
<br /> ------- _ ,-_ ..._n.���.�..ie e..�eben nr dmm�nod 1 s�ndp►sh911 heVO U19 ODtl00.In Its sole and ebsolute dlecretton,to epply ell such Proceods,
<br /> --—
<br /> -�----- u�o r.vrv..�.v w.....�.._.__...-�--•'-- --
<br /> aftor daducting theretrom ell costs and expanses Incurrod by It In connoctlon wlth such Proceeds,upon any mdeoceaness securw
<br /> � � hereby end In such order as Lender may determine,or to apply all such Proceeds,after euCh deductfons,to the restorotlon ollhe ,
<br /> Property upon such condltlons as londer may detdrmina.Any appllccitlon ot Proceeda to Indebtedness shall not extend or postpone
<br /> c
<br /> , the due detv of eny payments undor tho Note,or cure eny default thoraunder or hereundor.Any unapplled tunda ahall bo pald to
<br /> Truetor.
<br /> ' 8. P�rform�nc�by L�ndsr.Upon the occurrenee ot an Event ot Dofault hereunder,or if any act Is takere or legal proaoading ,
<br /> commenced which materielly aNects Lsnder's Interest In the Property,Lender may In Its own dlacrotlan,but wlthout obli�atlon to do
<br /> so.and wlthout nottce to or demand upon Trustor and wlthout releasing Trustar f►om any obllgatlon,do any act which Truator hae
<br /> � agreed but falls to do end may also do any other act!t deems necessary to protect the sacurlty hereot.Trustor shall,Imrr�edlately
<br /> upon demand thorefor by Londer,pay to Lender�II coats and expensea incurred and eums oxpendsd by Lender In connectlon wlth
<br /> the oxorc�ee by Lender of the toregoing rlghts,together wlth Interest theroon at the default rata provfded In the Note,which ehall be
<br /> added to the Indebtedness secured hereby. Lender shell not Incur any Ilabllfty becmuse ot anylhing It may do or omit ta do
<br /> hereunder.
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