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<br /> ' DEED OF TRUaT WIT�I�UT'URE ADVi4NCES �� "-�
<br /> ;:�--
<br /> � TF11S DEED OF TRUST,Is made as oi the 22 n d day of �^il .19�_�by end amo�g '
<br /> ��R ���(•LL��
<br /> theTrustor, Je:„� RaQp Sr. and ,]oan Raaa. husband and wife. and Jerry Rapp Jr. and �, f:�_
<br /> � �� husband and wife, �.
<br /> � Ta m my R�p p. N E 68H01 (heraln"Trus4o�',whether one or more), � ��::
<br /> �1h�so mailing ecldress Is��� F �Q�h.5+...� f,ranrl t��.Rd
<br /> ;. C Ci4'.-
<br /> r u,e rn,stee Five Points Bank, a Nebe^aska Gor�oration f�•��
<br /> ' ��
<br /> F whose mailing address f� P 0 B�x 1507 Grand Isl�nd NE ti8802-1507 (herein"Trustee"),and ��;,�v=-
<br /> �;;�._.
<br /> �, the Beneflciary,F9ve Points Bar�k - --
<br /> who�e mQili'ng address Is 2015 N Broa d w ell A v e. G ran d I sla n d. N E _G8803 (here'.n'Lender). _—
<br /> FQR VAI.UABLE CONSIDERATION,Including Lender's extensfon otcred�Identifiod herefn to Jerry Rap p SI". .
<br /> � , � �`� }7Q�..
<br /> _� -' � � (herein'Borro�tirer,"whelher one or more)end the trust herefn created,the recelpt
<br /> '�'''•'�"L.�� of whicfi Is hereby acknowledged, Trvstor hereby mevocabiy granis�,i�ea:��o��,�nvs�o ar.d as°.4gn�+�Tn!stwa, IN TRUST:WITH
<br /> ''��;�- • POWER OF SALE,for tRe benefit and secudty of Lender,under and subjedto the tertns and condit�ons ftiere(nafter set forth,the real
<br /> ��• � propertydescdbedasiollawa: The Easterly Seventeen Feet gE17') of Lot Thirte�� (13) and the
<br /> '����`� � ' Westerly Forty-f�ur Feet (W44') of Lot Twejve (32) �n B1ock Three (3�? �1��n Addition to
<br /> _..�;;�::y:�.�--. " «,�� r�±,. �� Crand Island, Ha11 County, Nebraska A�ti r ��,�r� T�,�n�,, WAn �`"`"
<br />_ �i,,...T'�.:' � J -
<br /> °�����'�`°'``��� �' Lot Nineteebn (19), Block One (1) B1ain Add�-�lon to the C9ty o. -----
<br />_. �,.. ,.,+•, � k
<br /> ,.���:".�`�'� ' COU���tYetS,erw�itFi elal bultdings,improvements,flxWres,streets,alleys,passegeways,easements,righte,privileges and appurtenances
<br /> � loceted lhereon ar In enywise perteining thereto,and the rents,issues and pnoi�ts, reverslons and rertiairtders ihereof,and such per-
<br />'' " sonal property that Is attached to the improvements so es to constitute a fixbxe.Includlnp,but not limited to,heating end cooiing equip-
<br /> � ment;and together wEth the homestend or marital interests,if any,whtch i�terosts are hereby released and walved;ell of which,Includ-
<br /> Ing replacemonts ancE additlons thereto,fs hereby deGared to be a part of the real estate secured by the Ifen of thls Deed oi Trust and
<br />- �°•""'� '"• all oi the ioregoing bsing reterred to herein es the'Propertyr'.
<br />�`�``'��� Thle D�ed of Trust shalt secure(a)the payment of the pdnclpai sum and interest evidenced by a promissory note or credit egree-
<br />_°'��?'.•"►`^^ ,havin e maturi date of '1 1.�. 2000
<br /> - ,��•rm�� ment datad A p� ? � 1997 9 �' —�--� '
<br /> _ � '•�� fn the nripinal princtpai amount ai$ 19,000.00 �and any end atl mod(flcaUons,extenslons end renewals
<br /> - "�-.,r;. theroof or thereta end eny end ai1 future advances and readvanoes to Borrower(or any of them if more than one)horeundFir pursuont
<br />' .._ to one or more promissory rotes or credit egreements (herein called'Note�: (b)the paymon't of other sums advanced by Lender to
<br /> - '�� protect the secur(ry of the Note;(c)tha pe�(omeance of ati covenants and agresments of Trustor set forth herefrr,end(d)a{�present end _.--
<br /> -�t:� :�. . futuro indebtedneus and obligations of Borrower(or any of them if more tFianone)to Lender wha4her direct>indirect,absolute or conUn-
<br /> =s�. gent and whether arislny by note,guaranty,overdraft or otherwise,The Nole,thls Deed of T�ust and any and alt other documents that
<br /> - ' secure tno Note or othenv(se executed in connecdon therewitt�,if�cluding without Ilm(tatior+ c�uarantees,security agreements and _
<br />_ ,� "�'�'` asslgnmonts oi leases and rents,shalt be reterred to herein as tt�e'Loan Inswments'. -���
<br /> - �`•������ 7rustor covenants and agrees with Lender e�7oliows:
<br />-� '��, 1. Paymsnt of Inr3abtedness.All indebtednass securod harebyshallC�paid when due.
<br /> - - - �F'r+ .�_ .
<br /> - � ' 2. Yitle.Truator Js the owner ot the Property,has the right and autF�ority Zo convey the Property,end warrants that the flen creat-
<br />- ,,� ed hereby is e Rrst and pdor Ilen on the Property, except for Ilens and encumDrances set forth by Trustor in wdtfng and delivered to ___
<br /> '^.� Lender before exec�.+tlon ot this Deed of Trust,and the execution and delivery of this Deed of Trust does not violate any contract or
<br /> other obligation to wh'.ch Trustor is subject. ••
<br /> ' 3.Taxes,A3sns��ments.To pay before delinquency all taxes,speGal assessments and ell other cherges against the Property �_-
<br /> ' 4, �'_
<br />" �;,� now or hereafte�Iev:�J. -���
<br /> _ :.;� f ;°;. 4.Insurance.Yo keep the Property Insured against damage by flre,hazards included within thv tertn"eMended coverago',and �:._.-
<br /> ��� such other hazards as Lender rnay requ(re, in amounts and with companies ecceptabte to Lender, naming Lender as an additional _
<br /> ''`,� named Insured,with loss payabie to Ihe Lender. In case of loss under such poliGes,the Lender Is authodzod to adJust,colloct and �;�
<br /> 3 comprom!so,all clefms thereunder and sha�l have the option of apptyfng a0 or part of tha insurence pru�ends(q to any Indebtednoss ••'•
<br /> . •� secured hvreby and In such ordor as Lender may determine,(fi)to the Trustor to be used for the repair or restoratlon of the Property or
<br /> (ttf)for onv othsr uurpose or oblect satisfactory to Lender wfthout aNecting tfie lien of this Deed of Trust for the fuil amount securod
<br /> _ _ _- _ ��.. ....��........�M.i..e Aofo
<br /> -_._.-..-____ ` _
<br /> -__ .-_______. ' _ " `'""''
<br /> � Nvvyrv..........w........� __
<br />- hereby betore such payment ever took place.Any applications ot proceeds io indebieano�s s��m�����Q�.o.��• .
<br /> _ of any payments under the Note,or cure any default thereunder or hereu nder. ;
<br /> 5.Escrow.Upon written demand by Lender,Trustor shall pay to Lcnder,fn such manner as Lender may dosignato, sufficisnt ,,
<br /> sums to enabfd lender to pay as they become due one or more of the folbwing: (i)aIl taxes,assessments and othor chargos against �
<br /> the Propenyr, (ii)the premiums on the proporty insurance required hereunder,and (iil) the premfums on any mortgc�ge insurance
<br /> required by Lender.
<br /> 6.Maintenance, Repatrs end Compitance with Laws. Trusto� shall keep the Property in good condition and repair; shall
<br /> promptly repair,or replace eny improvernent which may be damaged or dostroyed;shall not commit or permft any wasto or detedoro- .
<br /> tton of the Proparty;shaii not remove,demolish or substantfally alter any d the Improvemc�nts on the Property;shail riot a�mmit, suffer
<br /> • or pernift any act to he dono in or upon the Property in violation of any law, ordinance,or regulaYion;and shall pay and promptly dis-
<br /> charge at Trustor's cost and expense alt Ilens,encurnbrances and cherges I�vied,{mposvd or accessed against the Proporty or any
<br /> part thareoi.
<br /> 7.Emtnent Damafn. Lenddr is hereby assignod all compensatlon,ewards, dameges and othor payments or roitof(hero�naRor
<br /> _ WDL ust Iwx.p`we„v oc.m w.SreO
<br /> - ef�ecawx„+o.,�.au.�.�x����.��as,,.v�n»�v��.incm�n.o.aw 'r �'.
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