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<br /> DEEOOFTRUST WITH FUTUREADVANCES ' .='-
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<br /> � THIS DEED OF TRUST,is made as of the 6TH day of AUGUST ,19�_�bY and among ;,�. .
<br /> i'f � �;•�_
<br /> "''' JAMES DORY, A S INC,l.E PERSON ' -`
<br /> ,; the Trustor. °
<br /> � whosemailingaddresais '"' �*�■ rr r�..��� Tc�er�n NF FA�01 (hereln"Trustor',whstheroneormore),
<br /> \4 �;
<br /> ' the7ruatae FIVE POINTS BAMK, A NEBRASKA_�ORPORATION �
<br /> whose mail�ng eddreaa�a�Q BOX 1507 GRAND ISLAND NE 68802 ,(herein^Truatee'),�nd
<br /> � , the BenetlGsry, FIVE PO INTS BANK - �
<br />_: whos9 malilny nddros��s �n,�.,� u ac�nenW i i avF_,, r,RAN i S I ANO KF 68803_._.____�. (herein•�ande�). _
<br /> FnR VALUABLE CONSIDEMTION, includlnp Lender'e extenebn of credlt Identllled hereln to - —
<br /> . JA�LE�, DORY
<br /> (hereln'Bonower,"whether one w more)end the truat hereln c�eatod,the recelpt
<br /> ol whlch Is hsreby ecknowledged, Tmata hereby Irtevocebly grents,trsnsfers,conveys end aselgne to Trustee, IN TRUST,WITH
<br /> :_ ___ __ pc�yyFR oF SALE.tor tho beneflt and security of Lender,under and subJect to the terme end condttlane heralnafter set forth, the real
<br /> :, .. propo►ty described es folbws:
<br /> �� � ' THE EAST FORTY-FOUR FEET (0.4') OF LOT TWENTY-EIGHT (28) AND THE WEST THIRT Y-T W O A N D
<br />_y:i�•.' •,�u::: FIYE TENTHS (32.5'� FES�pND `HALLNCOUNTYINNEBRASKAN BLOCK THREE (3) BLAIN ADDITION
<br /> � � TO THE CITY OF GRAND I ,
<br />?��<?;_�;•,�; . Together with ell bulldings,Improve�nents,flxiures,streets,alieys,passagewaye,easements,righte,privil�es and appurtenances
<br />=_-;'.. �` locatnd thereon or In anywise pertaining Uiereto, artd the rents, issues end profita, reverslons end remalnders thereot,and such par-
<br />=�s ���f"'� . sonal prcperty thet Is atteched to the Improvements so ae to constltute a tixture,including,but not Iimited to,headng and cooling equip-
<br /> '""P �' Y�t mont;end together with tha h�mestead ormarital Interesls, if any,which interests are hereby released and walved;all of whlch,includ-
<br /> ,r..��_.:. :
<br />_;:7;' , Ing replacements and additione thereto, is hereby declared to be e part of the real estate secured by the lien of thfs Deed of Trust an
<br /> � ell of the toregoing befng refRrred to hereln as th�'Property".
<br />-�r}'n^i��t;;.'`� This Deed ai Trust shall secure(a�Ne payment of lhe principal sum and Intereat evidenced bFMR�R�s.�rY ngl 97 r credit agrea-
<br /> � '�b��`, ment deted AIlf,IiST 6,� L997 ,heving e maturity date of oEC - 2-.
<br /> ,•,,s,
<br /> ` in the oripinel prinGpal emount of S 19.403.75 , and any and all modiflcatbns,extansbns and renewals
<br /> .d�
<br /> a; thereof or thereto and any and eIi futura edvances and readvances to Borrower(or any of them it more than one)hereunder pursuant
<br /> •'�sy.rv to one or more promissory notes or cradit agreements(hereln called'Note');(b)the payment of other sums advanced by Lender to
<br /> •�;�'"'"��`��' protect the secudty oi the Note;(c)the per►ormance of ell covonents and agreements of Trustor set forth hereln;and(d)ell present and
<br /> --•1�'�y;� tuture Indebtedness and obligatlons of Barower(or any of them It more then one)to l.ender whether direct,indirect,absotute or cantln-
<br /> ";z:-:;�:-�
<br /> . ..�,�,� gent and whether arising by note,guaranry, overdreft or othenrvlse.The Nate,this Deed of Trust and any and all other documents t e
<br /> secure the Note or otherwise executed in connection therewith, including without Ilmitation guarentees, security egreements and
<br /> �`� essignments of leases and rents,shell be referred to herein es the"Loan Inat�vments'.
<br /> �=-__°°'��"� Trustor covenants and egrees with Lender as foltows:
<br /> '�;'i
<br /> -�-�w•�y�).���_•-•- 1. Paym�nt ot Indebtadn�ss.All Indebtedness secured hereby shall be pald when ue.
<br /> ".,__7�M'y.
<br /> � r.• .-..�v.• 2. Tltlle.Trustor is the owne�o(the Property,has the right and euthority to convey the Property,and warrants that the Ilen crea-
<br /> '' ''� � ed hereby is e flrst and prior Iien on the Property,except for liens and encumbrances set forth by Trustor In writing and delivered to
<br /> ' • Lender betore execution of this Deed�iTrust,and the execution and delivery of this Deed of Trust doos not vlolate any contract or
<br /> 3` other obilgaqon to which Trustor Is subjed.
<br /> • 3.Taxe�,Ass�ssments.To pay before delinquency all texes,speclai essessments and all othor cherges agafnst the Proporty �
<br /> now or hereafter Ievied.
<br /> � 4.Inaurence.To keep the Prop�rty fnsured against damage by fire,hazards includod withln the term"extandod coverage",and
<br /> ' � such other hazsrds as Lender mey requlre,In amounts and with companles accepteble to Lender, naming lendvr as an additional �
<br /> �'• named insured,with loss payable to the Lender. In case o9 loss under such policies,the Lender is authorized to adJust,collect and �
<br /> �' compromise,all clalms the�eunder and shall have the optlan of applying all or pert of the Insurance proceeds(1)to any indebtedness E
<br /> � secured hereby and In such order as Lender may determ►ne,(ti)to the Trustor to be used for the repalr or restoration oi the Property or =
<br /> �'��i (III)for eny other purpose or obJect ealisfectory to Lender without oHecttng the Ilen oi thla Deed of Trust for the fuil emount sec�red _
<br /> �� ' _
<br /> hereby before such payment ever taok plece•Any applicatlons oi proceeds to Indebtedness ahali not extend or postpone the due date
<br /> .� ..t�...,�avn,pn►�under the Note.or cureany detault thereunder or hereunder. -
<br /> _ - _� ..._..��-.-•-- '-- �_.. �--'--'�
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<br /> 5. Escrow. Upon written dernantlby Lender,Trustor shell pay to Lender, In suCn manner as i.nnua� ���dy�oo�y.�o.�,��••.��... �
<br /> sums to enable Lender to pay as they become due one or more of the folluwing: (I)all taxes,assessments and other chargos agafn�t -
<br /> the Property,(li) the premiums on tF�e property insurence required hnreunder,end (iff) the premiums on any mortgoge Insurance
<br /> requlred by Lender. ndition and re air; shall �;
<br /> 6. Malntenance, Repaire and Compllance wfth Lawa.Trustor shall keep the Property in good co P
<br /> promptly repalr,or replace any improvemenl which may be dameged or destroyod;sheil not commit or permit any waste o�deteriore-
<br /> tlon oi the Property;shall not remove, demolish or substantially aiter any of the improvements on the Property;shail not commit,suffer
<br /> or permit any act to be done in or upon Ihe Property In vlolation of any law,ordinance, or regulalion:and shall pay and promptly dis-
<br /> charge at Trustor's cost and expense all liens, encumbrances and charges levied, Imposed or accessed against the Property or any r
<br /> part thereof. �
<br /> 7.Eminent Domain. Lender is hereby assigned ell compensatfon,awards, damagos and other payments or relief(hereinafter �
<br /> HOL 3�S/1���tMK�'Y Oe�E�Hn 6'Ob ,
<br /> O19!!NNiPW Ilon�dCU�MM�m7�utluM Srnnpf Ntxu'M.lmrt NNtnRa �
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