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<br /> DEED OF TRUST W17W FUTURE ADVANCES
<br /> �
<br /> THIS DEEU OF TRUST,Is mede ea ot!he lOtl�day oi J u n e ,19 97 ,by end emonp�j�
<br /> theTrustor,�arrv. � Jhom.pson and Rosie L Thom�snn, husband an�wife ,
<br /> whosa maHinfl addresa la n"Trustor'�whether nne or more),
<br /> tneTn�scao Fiee Poin .s Bank, a Nehraska Cor,�orat�lon � _
<br /> ���iu���� P.O. Box 1507. Grand Island, NE 688Q2-1507 �r�erotn•Tn,stee•),end
<br /> �1e��,y, Ffve Points Bank
<br /> whosemaiUngeddressls 90t5 1J_ Rr�^"...^„ 0vew �r�nd Is7antl..�F fi���3 (hereln'Lende�').
<br /> FOR VALUABLE CONSIDERATION,inciudin�Lenders extensbn oi crndit IdenUflad hereln to Garry L. Thom pson
<br /> and Rosie L Thompson —
<br /> (herain'8orrower,"whether one or more)and Ihe truat herein croated,the recx�pt
<br /> of which is herepy adv�owkclged, Trustor hereby Irrevocab�r g�snta,tranefers,conveys end assigns to Truatea, IM TRUST,WITH
<br /> POWER Of'SiR1.E,fa the beneflt and secuflty oi Lender,under and subject to lhe terms and aonditions hereinafter aet forth,tha real
<br /> ptoperly dear.�ibed aa ioNows:
<br /> The East Nalf (E}) of Lots Fifty-nine (59) and S1xty (60) 9n Belmont Addition
<br /> to the City of Grand Island, Hall County. Nebraska.
<br /> Topett�er with aN buildinps�knprovementa,flxturoa.stroeta�elbya�PasaagewaYs,easemer►ts�dAhte,privjfepes end ePP���
<br /> bceted tl�ereon a in anywlse PsRalnirW therota�and ths ronta�Itsues and prolits� rovsrafons and remakrcfers thereot�end wch psr
<br /> eo�al propsrty tlwt Is eltach�d to tlx�kMx�e�vsments eo as b oonsGtute�Axture�InckxNrp�but not Iknfted to�hsaUnp and�oo1M►0�
<br /> meM;and mpetMr wNh ths homesteed or marH�l intsrs�b,N any,whbh iMerosb srs hsrsby roleased snd watved�t!I M whidL kxN�
<br /> (ne ropiecemente snd eddlcbns thnreco�ia nereny decl.roa a he a psrt ot a�s rse�estate secured by the Ikn a thh osea or TruN ana
<br /> �II of the fapdrp bskp rotsmed tc�herek�es ths'Propert�'.
<br /> TMs Desd of Tnist shsll aecuro(e)the peymer►t d ths prinGpsl eum�rM lnterost svkienced b�e prortiftsory nata or credit p�M�
<br /> ment daled .1"nn„1�;_1047 �he+rkW�rrwhxity d�ts ot .7un�t5,, 20�2
<br /> In ths oripioal prindpal amount of S ��,�10_�0 , and eny and eA mc�dirtcallona,extenalone and ►snawN�
<br /> thareof or tl�eneto end eny end all tuturo edvances and readvances to Bortowsr(or any 9f Ihem N more than one)Mrounder Pursusot
<br /> lo one a more prornbaory notes or cndit eGr�en'�enb(heroM called'Note`�:(DI Me PaY�t oi other sums edvanoed by letder to
<br /> protect the securllY of fhe Note:(o)the t�edormance of atl covenants end apreerrienb oI Truator set fonh herein,and(d)aH prosent a�d
<br /> fuqus Indebtedness end obNyatbna oi Banower(or eny M them H more then one)to Lender whether diroct,M�dired,absolute or contln-
<br /> pent and whetl�er a�isk�g by note,guaranty,overdreft or dherwlse.TM Note,thb Deed of TrusR and any and all otlter doaunents thet
<br /> eecure the Note or otherwise executed in connection therowith, Indudfrp wittwut Iim(teNon guarantees, aecudty egreements and
<br /> aasipnments of leases end ronb,shaH be reiemed 6o hereN�aa the'L:�en Instruments'.
<br /> Trusta covenants and agrees with Lerxkr as follows:
<br /> 1. Payr�nt oi Ind�bbdn�as.Ail k�debtedneas eewred hereby�ell be pald when due.
<br /> '• 2. TffM.Tmstor is the owner of the Properly,haa the right end autl�ority to convey the Property,end warrante that lhe Nen creat-
<br /> �,ad hereby Ia a fxat and prlor��en a►the PropertY�exoept for Uena and encumbrances set torth by Trustor in writing end delhrered to
<br /> �betoro execulion ot thl�Deed of Ttuat,end the execuUon and delivery ot thls Deed of Trust does not vfolate any contract or
<br /> pWigatlon to which TNStor(s sut�ject.
<br /> 3.Taxss.Ass�tsm�nb.To pay before delk�quency all texes,spedal assessmonts and all other chargea againat the Property
<br /> �w hereafter levied.
<br /> 4.Insuranc�.To keep the Property Insured agatnst damage by ftre,hazards Inciuded withln tha term'extended coverage',end
<br /> � suct�'vther hazsrda es L.ender may requke,In emounts end wilh oompanlea ecoepteble to Lender, naming I.ender as an additionat
<br /> �art�i�i�wrsd,with bss payable W the Lender. In cAae oi losa under such policies,the Lender Is euU�ized to edjust,c�llect en�
<br /> compromiae,all delms thereunder end shall heve the optlon of appiying al!or paK oi the Insurenoe proceeds(i)to any indebtedness
<br /> • secured'�by end In such order aa Lender may detertnine,(if)to the Trustor to be used fa the repalr or restorallon of the Property a
<br /> p�i�{a� �W�er purpose or obJect sadatactory to Lender without e}featinp the Ilen of this Deed of Trust for the tuil emount secured
<br /> hereby be euch payment eve,r took place.Any epplkstions ot pnoceeds to ir►debtedness shall not extend or postpone the due date
<br /> �r anv navments under the Note.or cure any defauit thereuncier or hereunder.
<br /> �6.Escrow,Upon written demand by Lender,Trustor shall pay to Lender,In such man�er es Lentler mpy ues�gnate,sumcieni
<br /> sums to emlDle Lender to pay as they become due one or more of the following:(i)ell taxes,assessments and other chargos against
<br /> the Property, (II)4he premlums on tho property Insurance requfred hereunder,end(fii)the premiums on any mongage Insurance
<br /> requlred by Le�xler.
<br />= 6.M�Int�ance, Repalro end Complianc�w7th Lawa.Trustor ehall keep the Property In good canditlon and repalr; shell
<br /> promptiy repair,br reptace eny Improvemont whlch rnay be damaged or desVoyed;shall nat commit or permlt eny waste or detedore-
<br /> don oi the Praperty;shall not remove,demdish or substanNally alter eny ot the improvements on the Proporty;shall not cammit,suifer
<br />•� or pem�it any act to be done tn or upon the Property In vbtation of any law,ordinance,or regulaUon;and shall pay nnd p�omptly dis-
<br />,= charge ai Trustor's cost and expense ell Ilens,encumbrances end charges levled,imposed or accessed agalnst the Propo�ray or any
<br />_ part thereof.
<br />- 7.EmIrNM Domaln.Lender Is hereby assigned ell compensatbn,awards, damapes and other payments or rolief(herelnafter
<br />-- �OCS�SIIMUIUVr.�+UMO)tM 0.'M •� �ni�, � .
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