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<br /> � vEED OF TRUST�d'df�"H FUTURE�lDVANCES
<br /> TtiiS DEEQ OF TRUST,is made as of ttie 2 N D day of JULY ,�g 9 7 ,�y and amon
<br /> i;±eTrustor, LFROY STECMAN AND BERNADET'�E STEGMAN, HUSBAND AND WIFE �y
<br /> ��
<br /> �,vhosemailingad�ressis303 E 22ND GR�1ND ISLAI3D NE 68801-2459 ( \
<br /> hereln"Trusto�',whether one or more),
<br />' j theTNSieE�_�T�E P07NTS BA[�IK� A t1EARASi���Q'�PORATTON -
<br /> whose maiiing dd,:ress Is�'�Q B 0 X 1,5 0 7 G R A N D I S.�..A N D ,�E 6 8 8 0 2-15 0 7 (herefn"Trustee"),and
<br /> i the Beneficiary,___F I V E P 0 I N T S B A N K .
<br /> whosema.ilin;addressis 20�5 r; BR�ADWELL. GRAND ISLAND NE 68802 _ ,(heeefn"Lendet').
<br /> F�Ft VALUABLE CONSIUE�iATIQ.J,including Londers extenslon of credit identlfied herein to _
<br /> ' LEROY STEG�fAN AND BERNADETTE S�'EGMAN
<br /> _(hereln "Bono�+er,"whather one or more} and th�e trust hsrein creat�3d, !he receipt
<br /> of which is horeby acknawlQdged, i rusic� �!ereby irrevocably grants, transiers, cnnveys and asstyns to Tn.istee, ifV °fRUST, WITH
<br /> POWER OF SALE,tor the benefit and security ot Lender, under and subject to the:erms and c�onditions hereinafter set forth,the reat
<br /> pr�pei:y described as fo�lows: ,
<br /> LOT FO�R (4) , BLOCK FOURTEEN (14) RUSEEL WHEEi,ER' S ADDITION TO THE
<br /> CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> Together with aH buildinys,improvemenis,fixtures,streets,alleys,passageways,easements,rights,privileges and appurtenances
<br /> locate.d thereon or in anywise psrtaln(ng therato, and the rents, lssues and profits, reversfons and remalnders theroot, and such pes-
<br /> sonal propert�tfiat is attached to t9�e improvemenis so as lo constitute a fixtura,inciuding,but not limited to,hesting and cooling eqi�ip-
<br /> ment;and tagether with tt�e homestead or rarital interests,if any,wh!�h inierests are hareby released and waived;alt of which,ir.ciud-
<br /> ing�epiacements and additions thereto,is hereby declared to be e part of the real estate secured by the Uen of thls Deed o}7n�,t and
<br /> ail of the foregoing being referred to herein as the"Property".
<br /> ; This Deed ot Trust shaii securd(a)the payment of ths prinaipal sum and interest evidenceci by a promissary note or credit a�ree-
<br /> ment dated J U I,Y 2 , 19 9 7 ,having a maturiry date oi J U L'1 1 . 2 0 G 2 ,
<br /> in the originai principal amount ot $ _ 2 3 .0 P 0 . 0 0 , and any and all modifications, extensions and renewals
<br /> thareof or thereto and any and all futura advances and readvances to Borrowe�(or any of them ii more than one)hereunder pursuant
<br /> to ona or more oromissory notes or credit agreement� (herein called"I�ote'�; (b) the payment at ather sums advanced by Lender to
<br /> protect lhe ser,uriry of tho Note;(c)ths performance of ali covenants and agreemeRts oi Trustor set forth her�in;end(d)all present and
<br /> luturc+indobtzdness and obligations of Borrower(or any of them if more than one)to Lender whether direct,indirect,absolute or contin-
<br /> gent and whecher arising by noto,Quaignty,overdraft or othorwise.The Note,this Deed of Tn�st and any and all other documents that
<br /> secure the Note or otherwise executed in connectfon therewiti�, including with�ut flmitation guaranteec, security agreements and
<br /> assignments of leases and rents,shall ba referred to hereir�as the"Q.oan Insiruments". �
<br /> Trustor covenants and agrees with:.ender as follows:
<br /> t. payment ot Indebtedness.All indebtedness secured hereby shali be paid when due.
<br /> 2. Tltie.Tnsstor is the owner ot the Property,has the right and authority to convey the Property,and warrents that the lien craat-
<br /> ; ed�.�reby is a first and prior lien on the Property, except tor Uens and eru:umbrances set foAh by Trustor in writing and delf4ored to
<br /> Lender before execution �f thls Deed of Trust, and the execution and delivery of this Deed ot Trust does not violate eny Contract or
<br /> ± other obifgation to which Tn�stot fs subject.
<br /> 3.Taxes,Assessments.To pay before delinquency all taxes, speclal assessmants and aii other charges agcslns!the Property
<br /> now or herea(tes lavied. -
<br /> 4. Insw�nce.To keep the Property insured against damage by tire, hazerds includ9d within tha term"extand3d coverege', and
<br /> such hazards as Lendec may requ(re, in amounts.�nd with cumpanfes acceptable to Lendc•, namlrtg Lender as an adclitional named
<br /> In�ured, wi?h Ic;,s payable to the Lendor.-In case of Io,s under such poiicies, the Lender fs authorized to adJust, collect and compro-
<br /> mise, all ciairns thereunder and shall have the optian of epplying all or part ot the fnsurance proceeds(I)to any Indebtednesa securod
<br /> hore�y arid In auch ordor us Lender may dAtermine,(il)to the Trustor to be used tor the repalr or restoration oi the Property or(ilI)fer
<br /> any et!��r purpose or object�adstectory to Lender wfthout aNer,dng the Ilen ol this Deed of Truet lor the fu�l amount secured hereby
<br /> t�torc� such payment ever took place. Any appiicatfons of procoeds to indebtadnes9 shall not extend or postpone tha dua dHtc�ol any
<br /> paymen's under the Note,or curv any delAUlt thereunder or herounder.
<br /> 5. Escrow. Upon written demand b/Lander,Truetea shall pay to Lender, In such manner as Londer mt�y desfgnate, sutficient
<br /> sums to enab�e Lencler to pay as they bocome du9 one or more of tho tollowing: (f)all taxea,assessments end other ciierges aga(nst
<br /> the Proporty,(ii)tha p;emiurns on the property insurance raqulred hereunder,(iii)the premluma on eny mortgage Inaurnnce required by
<br /> Lerxfer,
<br /> 8. Ma(ntanance, Rapalrs and Compllance with Lews. Trustor shall keep the Property fn r�ood condltion and repalr; ahall ;
<br /> prompyy repair,or ropl�ce any Improvement whict�mny bd damaged or deatroyed;ahell not commit or perrnit eny waele or dete�iora- �-
<br /> tion ot tho Property:shall not removo,dc►molfsh or substantlally atter any ol the Improvements on the Prof.rty;shall not commit,eutto�
<br /> or permft any act to be done In or upon the Property in vloletlon ol any lew, ordinance,or reguletlon; and ahatl pay and promptly dls•
<br /> charge at Trustor's cost nnd expense ell Ilens, oncumbrances and cherges levled, Imposed or accessed apalnet the Prc�party or any
<br /> part thoreot.
<br /> 7. Eminont Domatn. Lendar(s hereby ass:pned all compensation, awarda, dama�es and other paymenta or reliel (hereUafter j
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