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<br /> ''' � � � r D��a AF'TRUBT WITH FUTURE I�DVANC�CB __
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<br /> � ° �` THIS DEED OF TRU9T.Is mndo Qa oi tho_____�_dpy of„____,._ ��-..--�
<br /> � �' Ceo��ra1 ProPert�es . I nc . a -
<br /> • '•� tho T�ustor,
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<br /> • . 's' � 410 S. W eb b R oa d. G r a n d I s 1 a n d. N E 68�h0 Q�n.Trusta�',whoiher ona or moro),
<br /> . . �� ` ..� �tih�a�malAng actdrE�a is
<br /> _ �` ,_, thoTtustoe Five Points 9ank. a Nebras�Ca CorporatiQn
<br /> ' � whosomal0�gu�ldrossis PO 8ox 1507, Grand Island. NE 68902 (h6re1n•Trustee•),an�
<br /> �' . `'� tho Banaflctary, F 1 v e P o�l n t s B a nk -- �
<br /> � "'� 2015 N. araadwe'i 1 Ave. . Grand lstand. NE 68803 (herain'Lendar'). -�:
<br /> .- � wRoso mniiing addrees Is --
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<br /> •�;`� •� - - FOR VALUA9LE C�NStDERATION�fncluding� nder's extenefon of credit IdenlNiod herein to
<br /> 1y -�` Contral Propert�es. x nc_ - - - -�
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<br /> � , (herein'BoROwer,•whathor ono ur more)and the truot horoin cr�ated,the rocalpt
<br /> . �;•.+Y`' , IN TRU
<br /> . _„ ot whlch ls he�eby acknawl8dged.TrusWr hereby Irrevooably pr�nta tranatere,canveye and c+sstgns to Trustee, 9T,WI Fi __
<br /> � '���`'� ' F POWER OF SAL�,(or the baneflt artd secu�iiy ot Lender,under and subJoct W the term�artd caRdltlana herelnoftor set iortb,tho�al
<br /> �, :..,: .:.
<br /> ___ �• propB ri y desc d�e d a s b l t o w�:l o t e i g h t (�). Bl ock One Nundred Th1 rty-four (13AJ, Un1 on Pac1 f 1 c
<br /> ,�' -°.=""���"� Raiiway Gompany`s Secon� �ubdivisio�. ��t3t o� G�'at�� IaZ�ntl, !l�13 ���lt�tJ'= �p��'aska AND
<br />`��1,'' Fractional Lots 7wo t2) and Thre� (3) and a11 of Lot Four l4). 9n Block TMrty-six (361,
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<br /> � � � �4�`' in Packer and Barr's Second Addition to the C9ty oP Grand Island, Hall County. Nebraska.
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<br /> �. - Tagsi�t8t ultlt ail butldittgs.Improvemente,Axture9,stmets,etteYe.PassaBs�►aYs�vasomardv��e�•v►��a�,w p�ara,.:w _ :
<br /> ,,�,,,*, looatad tho�oan or In enywlsa pertaininp theroto, and the renta,lusuoa and profite,reverslons end remalndere thorooi,and sucfi�ar-
<br /> sonal prope�iy lhat is attached to the Imprnvomonto Qo 0o to oonst�tute A(Ixturo,in�ludinp,but not ttmitod W,hoaQing a�d c�olirt�equlp-
<br /> ' ' � ; - mont;and togother wlth tho hnmestesd or maritnl Intorosta,ii any,whlah�nteroste ere hereby roteasod and waived;atl ol which,Inctud-
<br /> - ing reptacam�nta end�►dditlona thereto,ts hereby dsclared ta be e pari ot the real estate secured by Ihe Ilon of this Deed of 4�uat and
<br /> � . �0 of tho tcre0o�ng baing reterretl to herotn as tho•Property'.
<br /> �;;.,. Thls Dead o7 T�usl shail eocum ce)the payment of the principal sum and I�terest evldoncod by a promtssory note or crodit egreo-
<br /> "�`"` ment dated� .t u 1,B; 19]7„__, _�having a maturity dato ot 0 c t o b e_ 6. 19 9 7,
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<br /> � bn tho orlginal princlpal amount of S. 10.000.00 , and eny and etl modiiicatbns,extenstons artd renewata
<br /> C1a�roaf or thereto ancl any and all tuturo advancas end rendvancoa ta Borrowe�(or e�ny o1 them ii mora than one)h9�BUnder pursuant
<br /> to one or more promissory notes or credll agreomente(horein ctilled'Note');(b)tho payment ot other sums advenced by Lender to
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<br /> II reae�t and
<br /> r ot torlh hereln•and d a p
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<br /> protect the secu�ity ot tho Nata;(o)tho pedormenca o!atl oovenants end apreomeoto ot Trust (
<br /> �••• t�iture indtibtadness and obllgations of Borrower(or any oi tham It moro than one)to Lender whether dir�ct,Indlrect,absofute o�coniin-
<br /> �eN and whether erisi�p by nate,guorenty,overdmft or othenviso.The Note,thle Deed ai Yruut ond any and aU ather documonts �,`�a9
<br /> �acure the Note or otherwisa executed In connectlon therewlth,i�ctudlnp without Ilmitation guar�ntees.secur{ty�green�enta snd
<br /> '�� " assignments af loasas and��ts,ehell be reterred to heroln as tho"Loan Instruments.
<br /> � Trostor oovenants and agrees wlt1�l.tindar oa faitowa:
<br /> ' 1. Paymaot of Ind�bUdness.AI14n��btedness aecurod horoby shaU be pald when duo,
<br /> 2. TNts.Trustor ia the owhar at th�P�:ti�perly,has tho�ipht and autharity to convey the P�aperty,and warrants thal the Iton creat-
<br /> ed hereby ia a ttrst and pflor Ilon an fhp P:vpnrty,except fAr Ilens and enaumbrancos set forth by Trustor In wdting and dolivored ta
<br /> Lender beta�a oxeeuUon ot c��9 Oaed ot Truat,and tne executlon and detiver� od t�e'.s Oeed ol Trust doos not vlolate any contracl or
<br /> othar obp�adon to whlah Trusfor is sub]pci.
<br /> 3.T�cas�,Ass�ummt�.To pay t,�a�"�.�e dolinquency all taxas,spoctal asses�monta and a0 othor chargea egolnat tho Propetty
<br /> ���- `'' aow or heroa7tar tevlad.
<br /> ���' x' .�_''_�,,. 4.h�su�nc�.To keep the Property insured egalnst dama9e by 8re,haaaNs inctuded K�thin tha term'extnnded coveraga',and
<br /> , - -__- ,�_ ���y��.$�r�y��utre.in emounts and wtth companl�a accopt�bta to Lender. naming Lender ae oo addHlanal
<br /> T�.",�'�Xu named Inaured,Wtth toso paYabta to the Lender.ln aaea o1 lo�sa under such pollcloa,lhe Lender Is euthortzod ro ndjust,calfect and
<br /> �`'`��.���;;�,' eompromis�,aU etalma therounder and ehall havo the optian of�ppiytnd all ar paR of the Inaurance proceads(i)to any indobtcsdnass
<br /> � aecured he��aby ond In such order as Lender may datetmine,(Iq to tho Trt�ator to be used for the repalr or rastoradon oi tho PropbAy o�
<br /> ' f'' "� (III)tor a�y othor purpose or obJeot oAtislactory to 4onder without oNecUng the tlen ot thla Ooad of Trust tor the tu11 amaunt socured
<br /> � � hpraby botore auch paymont�var taak place.Any oppficationa ai pracoods to Indebtadnoas shoil not oxtend cr postpono the dua date
<br /> .'�r*�. ..���� ' pt any paymant�under the NpW,ar cure eny detaul4 thereunder or horeundet.
<br /> � � t�,�;���`'�.. 6. Esa�ow. Upon writte�demand by Lendot, Trustor ohall pay to Lendor, in ouoh mannar as Lender may doelgnate,auflictont
<br /> �`'^''" ' aums to enable�ender to pay es thoy became due one or more of the taltowing:(q all taxvs,assessmonts and othor chargos egainst
<br /> :, ,� tho Property, (11) tho premiume on the prqparty Insurnnco raqulred hercundo�,and(Ili)tho premlumo on any mortgago insuranco
<br /> .; ' � raquirod by Lender. -
<br /> s 6. Mnlntonanco, Repalro artd Complianco with Law�. Tnistor nhall keep the Property in good conditlon and�epair;shati
<br /> .,� ' " promptty repalr,pr replaco eny improvement which may be damagnd cr dostroyed;shall not oommit or permtt any waste cr deterbta�
<br /> ( tlon of 1he Property;shall not remove,domallsh or aubstontlalry alter any of the Improvemonl�on the Proparty;shatl not commit,euNar
<br /> � � _�.� or permit any act to be done In ar upon the Property In violaUoa oi any I�w,ardlnance,or regutatlon;and etwll pay and promptty dis•
<br /> '�•�, oharge at Trustore Cost and expenso a�l liena, encumbrences end Ghargos tovied, imposed ar eocessod againsl the Property or eny
<br /> � ��-�.._:_"` . partihoreot.
<br /> ,. •. � • .�� 7. Bmlrnnt Domain.4ondar Is horeby esslgned all componsatlon,awards,damegos and other payrnoNo or roiiof(heroinafter
<br /> ..t l:•'... re�,y,qp ;y 1. ,�4 y b.
<br /> 1`•- . , Oi01e3�ir�nr+i�ol�C�a�MraTnar�aemma+usocnm.trrcahre�a�ua
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