|
\ � � n `^ �•��`'�,.�i t `,�
<br /> � z �
<br /> �`�� i � � � a�o c -"'-{ m
<br /> c � n � �n � � � `�
<br /> :: �n. { -`� rn � �
<br /> �� � � , � a � �.
<br /> N a!3 'n
<br /> � _ � �� O -n � � dt
<br /> 7 �\ �. ��} N
<br /> � � �L� � �, o �
<br /> � ` �: ,� ��' � . � � � vs
<br /> A
<br /> '� �� � �
<br /> �� � . ,� ..�.
<br /> � � ' �n ��• � v ..,a � I
<br /> �, ° i� � z
<br /> 0
<br /> � DEED OF TRUST WITH FUTURE ADVANCES
<br /> � THIS DEED OF TRUST,is made as of the 16th day of MaY , 19 98 , by and among
<br /> � the Trustor, ROBERT A. NIEDFELT and BETTY NIEDFELT, HLTSBAND AND WIFE �
<br /> 0
<br /> 3494 SOUTH SHADY BEND R(�AHND ISLAND NE 6880 � , \C
<br /> whose mailing address is }li'erein "Trustor, whether one or morel,
<br /> the Trustee, BANR OF DONIPHAN
<br /> whose maiUhg address is PO BOX 270 DONIPHAN, NE 68832 (herein "Trustee"), and
<br /> the Beneficiary, B�NK OF DONIPHAN
<br /> whose mailing address is PO BOX 270__ DONIPHAN, NE 68832
<br /> (herein "Lender"1.
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to ROBERT A. NIEDFELT
<br /> . .. . . _ . .
<br /> BETTY NIEDFELT
<br /> (herein "Borrower", whether one or more) and the trust herein created, the
<br /> receipt of which is hereby acknowledged,Trustor hereby irrevocably grants,transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br /> property,described as follows:
<br /> THE WESTERLY EIGHTY-THREE (83) FEET OF THE EASTERLY HALF
<br /> (E1/2) OF BLOCK SIXTEEN (16) , OF WINDOLPH'S ADDITION TO THE
<br /> CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> PROPERTY ADDRESS: 1009 WEST P,NNA GRAND ISLAND, NE 68801-
<br /> Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances
<br /> located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such personal
<br /> property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equipment;
<br /> and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which, inciuding
<br /> replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of
<br /> the foregoing being referred to herein as the"Property".
<br /> This Deed of Trust shall secure(a)the payment of the principal sum and interest evidenced by a promissory note or credit
<br /> agreement dated May 16, 1998 , having a maturity date of May 15, 2004
<br /> in the original principal amount of S 15,768.81 , and any and all modifications, extensions and renewals
<br /> thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder pursuant to
<br /> one or more promissory notes or credit agreements (herein called "Note"1; (b)the payment of other sums advanced by Lender to protect
<br /> the security of the Note; (c) the performance of ali covenants and agreements of Trustor set forth herein; and (d) all present and tuture
<br /> indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect, absolute or contingent
<br /> and whether arising by note, guaranty,overdraft or otherwise. The Note,this Deed of Trust and any and atl other documents that secure
<br /> the Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements and assignments
<br /> of leases and rents,shall be referred to herein as the "Loan Instruments"..
<br /> Trustor covenants and agrees with Lender as follows:
<br /> 1. Payment of Indebtedness.All indebtedness secured hereby shall be paid when due.
<br /> 2. Title.Trustor is the owner of the Property, has the right and authority to convey the Property, and warrants that the lien created
<br /> hereby is a first and prior lien on the Property, except for liens and encumbrances set forth by Trustor in writing and delivered to Lender
<br /> before execution of this Deed of Trust, and the execution and delivery of this Deed of trust does not violate any contract or other
<br /> obtigation to which Trustor is subject.
<br /> 3. Taxes,Assessments. To pay before delinquency all taxes, special assessments and all other charges against the Property now or
<br /> hereafter levied.
<br /> 4. Insurance. To keep the Property insured against damage by fire, hazards, included within the term "extended coverage", and
<br /> such other hazards as Lender may require, in amounts and with companies acceptable to Lender, naming Lender as an additional named
<br /> insured, with loss payable to the Lender. In case of loss under such policies, the Lender is authorized to adjust, collect and compromise,
<br /> all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby
<br /> and in such order as Lender may determine, (ii)to the Trustor to be used for the repair or restoration of the Property or(iii) for any other
<br /> purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured hereby before such
<br /> payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under
<br /> the Note, or cure any default thereunder or hereunder.
<br /> 5. Escrow. Upon written demand by Lender, Trustor shall pay to Lender, in such manner as Lender may designate, sufficient sums
<br /> to enable Lender to pay as they become due one or more of the following: (i) al� taxes, assessments and other charges against the
<br /> Property, (ii) the premiums on the property insurance required hereunder, and (iii) the premiums on any mortgage insurance required by
<br /> Lender.
<br /> 6. Maintenance, Repairs and Compliance with Laws. Trustor shall keep the Property in good condition and repair; shall promptly
<br /> repair, or replace any improvement which may be damaged or destroyed; shall not commit or permit any waste or deterioration of the
<br /> Property; shall not remove, demolish or substantially alter any of the improvements on the Property; shall not commit, suffer or permit
<br /> any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and shall pay and promptty discharge at
<br /> Trustor's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Property or any part thereof.
<br /> NBC3457A (Nonagricultural Deed)Rev.12/97
<br /> Q 1988 National Bank of Commerce Trust and Savings Assoclatfon,Llncoln,Nebraska
<br />
|