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<br /> D�ED OF TRUST WITH FtJTURE ADVANCES
<br /> 7HIS DEED OF TRUST,Is made as of the 9TH day oi �PRI� .19 97 ,by and among c
<br /> .. ; 7y !-
<br /> theTrustor, MICHAEL R ONEN AND CAROL J OWEN HUSBAND AND W�FE � G w;��_
<br /> � �:��:-
<br /> whosemail(ngaddressis_�97 N(11f�f1MR C7RFFT� fReAN� T�IAN , NF FAAO?(heroin`Trustor",whetheroneormore), �_
<br /> � FIVE ROINTS BANK A NEBRASKA CORPORATION ��
<br /> mfl rrusces �-- �
<br /> whosa maiting address is P_�_ ROX 1507� ^^""'` r c� �►m ur �uan�-�07 _(herein'Trustee'),and
<br /> ai:
<br /> tfie Benet�ciary, F I VE POINTS BANK
<br /> t� Q�_ (hereln'Lendc�').
<br /> whose Riailing sddrsss is 2015 N BROADW
<br /> FOR VALUABLE CONSIDERATION,Including Lender's oxtenslon of credit Idontified herein to��pE�. OWEN
<br /> CAROL � �WFN
<br /> ,. (herein'Borrower,"whether one or more)and the Wst herein created, the recelpt
<br /> oi which is heroby acknowledged,Trustor hereby irrevocebly grants, vansfers, conveys and assiprss to Trustee, IN TRUST,WITH
<br /> POWER OF S61LE,for the beneflt and securit�ot Lender,under and subJect to the tenns and conditic�ns hereinafter se!fotih,the real
<br /> property desorlbe0 as follows: °
<br /> �> :� LOT THREE (3), BLOCK THREE (3), SECONO ADDITION TO HOLCOM�'S HIGNWAY HOMES
<br /> •�� SUBDIYIS3qN, CITY OF GRANO ISI.AND, NALL COUNTY� NEBRASKA
<br /> �; .'r
<br /> - • ,.,� �� �' Together with all buildin�s,tmprovements,flxtures, sUeets,alleys.ppssageways,easemer+ts,dghts,privileges and appurten3sacAs
<br /> '� � �•. located thereon or in anywise pertaining thereto,end the rents,Issues end proflts,reversfons and remainders thereof,end such gaer-
<br /> � ' .��' sonaf pruperty that is attached to the(mprovements so as to c�nstitute a flxture,inciuding,but not limited to,heattng and cooling equtp�
<br /> � � - ment;and together w(th the homestead or maritat Interests,lf eny,whtch Interests ere hereby released ond waived;all ot whlch,Ine�ud-
<br />- •'�-.�``. ing reptacements and edditions thereto,is hereby declared to be e part of the real estate secured by the Iten of thls Oeed of Trust and
<br /> _�;:K.;,:r, all of the foregoing befng refemed to herefn as the'Properl�.
<br /> ,�, Th►s Deed of Trust shall secure(a)the payment of the princlpal sum�and(nterest evidenced by a promissory note or cred(t egroe-
<br /> �•_��� ment deted_ ee r� ,having e matudty date of n���,�g.�,_,�}}
<br /> ---_�--�.� -A,�,.�9;—�99�7
<br /> -"sN;•�'
<br />_R;�•."�r�*• , end en end all modlficatbns, extensions and renewals
<br /> - in the original pdncipal amount of S_ L 1,,�35.50 Y
<br /> -� '"��z` thereof or Rherotv�nd any end ali future edvances and readvances to Borrower(or eny of them ff more than one)hereunder pursuant
<br /> _�� ^� �• to one or moro�r�omissory notes or credit ac�reements (herein called'tVo2e');(b)the payment of other sums edvanced by Lsndor to
<br /> =:�:=.i�.:.
<br /> - - ., protect the securtry of the Note;(c)the peri'ormance of all covenants and apreements ot Yrustor set torth herein;and(d)ell presen!and
<br /> T±. fUlure indebtedness end obligations oi�orrowar(or eny o(U�em if more than one)to Lender whether direct,indirer.t,absotute or conGn-
<br />--�-•��,�. gent and whether ar(sing by noto,guaranry,overdreft or othenvise.The Note,this Deed of Trust and any and eil oth�er documents that
<br />=-�_:e�w���
<br /> —°�-��' secure the Note or otherwise axecuted in connectlon therewith, including without Iimitation guerantees, securtty agreements and
<br />�--�_��� essignments of leases and rents,shall bH referred to he�eln as the"Loan Instruments".
<br /> _�*�'� Trustor covenants end egrees with Lencler as follows:
<br /> - '�`"R� 1, paymemt of Indebtedness.All Ind�abtedness secured hereby sheil be paid when due.
<br /> :�.�. ..
<br /> -:•„�'':p;,�, 2. Tltle.Trustor is the ov�mer of the Property,has the right end authority to convey the Property,and warrants ifiat the tlen creat-
<br /> � • ed horeby Is a first and prior lion on the Property,except for Ilens and encumbrancES sst forth by Trustor in writing and delYrered to
<br /> Lender before execuUon of this Oeed of Trust, and the executlon and delivery of this Deed of Tmst does not viotate any contract or
<br /> ��� �! other obtlgetien io which T�ustor is subJect. -
<br /> '. � . } 3.Taxes,f4�ssosamenb. To pay b�fars�delinquency all texes, spa�lal assessments end ell o3P�er chargea against tho Proaarty _
<br /> �,�� '� now ar hereafter levied. -
<br /> .. � 4.Insurane�.To ke��tt�e�roperiy insured against damage by fire, hazards included withln tho term`extenrled coverege',end
<br /> : such other hazards es Londer may require,in amounts�r,d with companies acc:eptabte to Lender, naming Lender as an additionai _
<br /> � named(nsured,with loss payeble to ffie Lender. In case of loss under such policles,the Lender is auihorizod to adjust,collect and
<br /> �, compromise,ell ctaims thereunder end sh�ll�ave the opUon of apptying all or part of the Insurance graceeds(i)to any indebtedness =
<br /> � ` secured hereby and In such order as Lender may determine, (ii)to tho Trustor to be used for the rep��ir or restoraUon of the Property or =
<br /> � ,:::;••"� , (Iiq tor any other purpose or ob}ect saUsfactory to Lender without affecNng tho Ilen of thia Ueed of Trust for the full amount secured _
<br /> � herc3by betore such payment ever took place.Any applicatfons of proceeds to indebtc�dnoss shall noE extend or postpone the due date
<br /> � of eny payments un�er the Note,or cure any default thereunder or hereunder. ` ______._ _M�.�,��ne}o Q����n*
<br /> l � 5.Escrovv.Upon written demand by Lender, I rUSior Sneii pay io�nndar,n�ouw� nwm�o�o.� �a.......� ....,� .......�•.....-.--•••---••- -
<br /> sums to enable Lender to pay as they b�cAmo due or.e or moro af tho fo!lo�ring:(i)ail taxes, assessments and othor charges agalnst
<br /> the Property.(ii) the premlums on the property insurance requlred h�reunder,and ((fi)the premiums on any mortgage fnsuranco
<br /> . requfred by Lender.
<br /> ' 6. Maintenanee, f2spalra and Comptiance wlth Lawe. Trustor shall keep the Property Ire gnod condition and repalr; sha:!
<br /> promptly repair,or replace eny Improvement whlch may be damaged or destrorysd;shall not commit or pertnit any waste or deteriora-
<br /> " tion ot tha Property:shall not remove,domolish or substentfaily altor any of lha improvements on Ihe Property;shali not commit,suNer
<br /> � or permit any act to be done In or upon tho Property in vlolation of any law,ordinance, or regulatlon;end shall pay and promptly dis-
<br /> ' charge et Tnistor's cost and exponse all Iiens,encumbrences and charges levled,Imposed or acc9ssod agalnst the Proporty or any
<br /> part thoreof.
<br /> 7. Emtnent Domaln.Lender fs horeby essigned e!I campensation, awards,damagos and othor payments or relfof(herefnafte�
<br /> IUC S!S)I��Y DfMI NF SW -
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