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<br /> DEE�OF TRUST WITH FUTIiRE I1L1V�►NCES r
<br /> THIS DEED AF TRIJST,is mada es of tha 5TH day oi JUNE ,19 97 .by ond t�m
<br /> the Trustor. DANNY i( �S
<br /> D I H A. OBERG HUSBAND AND WIFE �� —
<br /> ��������g�g 2704 COTTONWOOD RD, GRAND I SLAND� NE 68801�h78T�e�8•Tnistor,whether one or more), ��
<br /> theTrustea FYVE POI?�TS BANK A NEQRASKA CORPORATI4N \
<br /> whose mailing address is p 0 ROX 1507, GRAND ISI.ANQ NE 68802 (haroi�'Tru�tee'l�and
<br /> theBeneBdary. FIVE POINTS BANK —
<br /> whose mailing addross is N ISLA 0 NE 688Q2-1507 (hereln'lender).
<br /> FOR VALUABLE CONSIDERAfION includi Lender xtanslon ot crc+dit kkntifled herein to
<br /> DANNY K. OBERG AND �AYTH�. OBE��
<br /> (herein"Bom�wer;whether one or more)end the trust herdn created,the reoeipt
<br /> �i wh{ch Is hereby acknowledged,Trustor hereby Irrevocably gronte, transters,oonveys and assigns to Truetea. IN TRUST,WI7H
<br /> �0'rO�Fi L'i�of�Lc,�'�,i 8io�ii.,Ft�s:�8.."�:d�•�t Ze•Y!����n�gr�nri auhinct to the tertns end cOnditbns herBln9R�Set forth�the roal
<br /> �xoperly descdbed as fdlows:
<br /> SEE ATTACH�D EXHIBIT "A"
<br /> Togetherwith all buildinga,fmprovements,fixtures,sUeets,alleys,paasageways,easemenM,rl9hts� Privi{epea and ePP���
<br /> Ixated thereon or in enywlse perteining thereta,end the rente, issues and pro5b,reverslons and remalndern Ihereof, and such per-
<br /> sonal property fnat is eiiaciied Eo tiw improveuwi►ta so as ta:.an;titt�tC a fG.hsre.lrtcladin!,+,txd rwt Ifmited to.he91k�7 end todirN7 eqtdp- _
<br /> ment;end together with the homastead or marital interests,if any,whtch interests ara hereby rebesed end waNed:aN ot whk;h�kidud-
<br /> Ing roplecen»nta end edditbns thereto,is hereby dedared ta be e part of the real estate secured by lhe Nen dthia Deed of Ttust and
<br /> all of the fa�oing beinD refertad to hereln as the'Property'.
<br /> This Oesd M Trust shall aaaire(e)the payrtient oi tho principal Bum and interest evider�ced b b note or cxedit agree-
<br /> ment dated ,]LINE 5T,�, 1997 ,having a mnWrity date oi J1��1E 5T��02
<br /> in the origfnat principel emount of S 50.020.50 , and eny end all modificaUona, ezternsbns and renewds
<br /> ther�eot or theroto end any and all tuture advances and readvances to Borrower(or any ot them ii moro than a�e) horeunder Pursuant
<br /> to one or�nore promfsaory notes or credit apreements(hareln calted"Note');(b)the payment of other sums dvanced b'1►l�ende�!o
<br /> protect fhe security af the Note;(c)the p�rformar�ca of aN oovenants and ogreemenb of Truator set forth herein;end(d)ail present aMl
<br /> fuWre indebtedness and obligations oi Borrower(or eny ot them if more fhan one)to l.ender whefher direCt,i�.absokde or condn-
<br /> gent and whether arising by note,guaranty,overdraft or othe�wlse.The Note,this Deed of Trust end eny end el otf»r doc�xnents that
<br /> securo the Note or oiherwise executed In connoction therewfth, includinp without Iimftetion guarantees, seairiry agroemenb end
<br /> assfgmmente ot leases and rents,shall be referred to herefn as the'L�an Instrumenb'.
<br /> Trustor covenanb end agrees wrty Lendor os toltaws:
<br /> 1. Paym�nt ot Ind�bbdn�ss.All Indebtedness secured heroby shall i�e paid when due.
<br /> 2. TiW.Trustor is the owner of tfie Proporiyr.has the right and authoriry to oonvey the Property,and wsrtantn that the lien croat-
<br /> ed hereby I�e tirot and prior Ilen on the Praporty,except for lien�and encumbrances set foM by Trusta in writinp end deihrered ta
<br /> Lsnder betore execution of this Deed of Trust,and tho execuUon and delivery ofi this Deed of Tnist does nd vialate eny conVact or
<br /> other obligetlon to whfch Trustor is sub}ect.
<br /> 3.7�xss�Asmassm�nta.To pay before doNnquoncy all taxos,special assessments and eil other charges agalnst the Propaty
<br /> now or hereaRer leviecf.
<br /> 4.In�urana.Te keep the Property lnsured agafnst damage by fire,harsrr]s induded within the tertn 'exte�ded coverego'.and
<br /> such other hazards as 1.erxler may roquira,In amounte nnd with companie�acceptable to l.erxler,naminq Lender as en odditional
<br /> named insured,with loss payable to tho Lendor.In case of loss under�uch polk�es,the Lencier is autlar:zed to edjust,oolbct end
<br /> compromise,ali clafms thereunder and shall have tho option of appiying all or part ot the insurance proceeds p) to eny Indebtodneas
<br /> secured hereby and in sucl�ader as Lender may dotertnine,(!i)to the Tn�stor to be used for the repalr or restoretia�of the Proporty or
<br /> (Ifp for any other purpose or obJect saBsfactory to Lendor vrithout affecUnp tho Ilen of this Qeed of Truot fortho fuu nmount secured
<br /> hereby before such paymant ever took piaca.My applicetions of prooeeds to Indebtednoss shall not extand a postpono tho due Aete
<br /> �y..Y Wrr..wA✓..r Aara��w�1��
<br /> Qja��T�(�DUII{7�71 UIOI�VlO�VI 4UtO4tlr VQIOVI{VtV�4M�wtv�v���v�vr�tiv�.
<br /> 5. Escrow.Upon written demand by Lender,7nistor shalt pay to Lender,in such manner as Lender may deslgnate, suifiaent
<br /> - sums to enable Lender to p�y as Mey beoome due one or more oi the following:(i)all taxes,assessments and other chargos against
<br /> t�a Propertyr, (ii)the premiums on the property insuranco requlrod hereunder,and (III) tha premiums on eny mortgaga insuronce
<br /> - required by Lender.
<br /> 6. 1AdM�nane�, R�paln and Compllanc�with Laws.Trustor shatl keep the Property in good conditfon and ropalr; shal!
<br /> prompdy repafr,or replace any Improvement which may be damaged or destroyea;snail rxri w�innit ur �,n�.nit a��y wuaie oi detaciaa-
<br /> tion of the Property;shall not remove,demolish or substanUaily atter eny oi the improvements on the Properly,shaN not commit,su(ler
<br /> or pertnit any act to be done In or upon the PropeRy In viotation of any law,ordinance,cx regulation;and sha�pay and promptty dls-
<br />= charge at Trustor's cost and exponse all Ilens,encumbrences and charges levled,Imposed or accessed agalnst the Property or any
<br />- part thereof.
<br /> 7. Emin�nt Domaln. Lender Is hereby assigned all compensatlon,ewards,damage3s end ottwr payrnents or rellef(hetelnalte�
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