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<br /> r � DEED OF TRUST WITH FUTURE ADVANCES �
<br /> �
<br /> ' � AU4ust ,19 97 ,by and among � ---
<br /> THIS DEED OF TRUST,Is made as of the 8th day of J—.- — C, __
<br /> ��� �
<br /> - the Trustor, �
<br /> � � 191 Gherokee t�� , C�►"and+ Isiand. NE 68803 {herein'Ttustor`,whetheroneormore), c
<br /> �� whose mailing address is `
<br /> . a �lf� t'on
<br /> the Trustee Fi V -
<br /> � (herein`Trustee'),and
<br /> whose mailing address is P.0 BQx 150 Gr'and I sl and NE 68802
<br /> '� theBeneflciery, Five Points Bank a Nebraska Cor oration
<br /> whose mailing address is P.�• Box 1507 Grand Isl and,
<br /> NE 68802
<br /> (herefn`Lende�').
<br /> ,._..,.,.... �l W�1pS a_
<br /> FOR VALUABLE CONSIDERATION,including Lender's extenslon of credit Identified herein to�,,,ti,.y _
<br /> " (herein'Borrower;whether one or more)end the trust herein created,tF�e recelpt
<br /> • of which is hereby acknowledged,Trustor hereb Lenderr unlder and subJectto the terms end condltions herefnafter set Rorth,the�eal
<br /> ___ _ pr,?wG�n�SALE,tor the benefit and securlty o
<br /> ,.. property described as tollows:
<br /> �ti._ . Lot Four (41, B1ock One (1) � Uale Roush Second Subdivision, City
<br /> •- ��,,,.._ of Grand Island, Hall �ounty, Nebraska.
<br />�;
<br />-' ' � Together wfth ell bulidings,Improvements,flxtures,streets,slleys,passegeways,easements,rights,pdvileges and appurtenances
<br /> e;�.,u;-, .
<br />•_=_:;,Y;;• � � located thereon or in enywise pertefning thereto,and the rents,Issues and profite,reversions and remainders thereof,and such per-
<br /> �`" " `' ` sonal propeAy that Is attached to the improvements so as to constitule a fixture,including,but not Iimited to,heating and caoling eQu�R-
<br /> "� � � �` ment;end tog�ea dt�ditbns thereto,fs hereby'dec ered t be a part ot the real estete secured by the Idienaof thls D�eed T�ust and
<br />-:�YS:...: .1.,�.
<br />.��.,.�.�,� Ing replaceme
<br />;��w' ' ail oi the foregdng being reterred to herefn es the"Property.
<br /> , _a,;._,:•
<br /> _ Thls Deed oi Trust shall secure(a)the payme�t of the principa�v 9 8 maturlty dat ot�gi e'cr za' 3ppote or credit agroe-
<br />=`� '�.,• �•• mentdated
<br /> �-�="=�,��`�-��� 5,000.00 __, end eny and ali modiflcations, extensfans and renewe�s
<br />��r:�- in the original principal amount of$ �_
<br /> ••r. thereof or thereto and any end all futuro edvances and reedvances to Borrower(or any of them if more than one)hereunder pursuan
<br />�. �'�, to one or more promissory notes or cred(t agreemenls (herein called "Note'):(b)the payment of other sums edvanced by Lender to
<br /> — L>.iy:,,{,
<br /> s,.,;:..� , protect the security ot the Note;(c)the performance of ali covenants end egreements ot Trustor set forth herein;and(d)ell present en
<br /> - ''� `'= future Indebtedness and obllgations of Borrower(or any ot them if rnore tha�one)to Lender whether direct,indirect,ebsolute or conqr�-
<br />:.��..;;•, �
<br />�;,�,_ ,;�. gent and e N te oriot erw�se texecut dt n connecton e e th,inceluding without I mft tlontgue nt es secu tyragreements and
<br /> � -�--�-•� secure t
<br /> �"'�`•�' � assi nments of leases and rents,shall be referred to hereln es the'Loan Instruments".
<br /> Y?.�-•Kr..�,. 9
<br /> z=w.•�-.�.�r,;; Trustor covenants and agrees with Lender as follows:
<br />�r=:::;,,;..,'M. 1, paytn�nt ot Indabtedneas.All indebtedness secured hereby shaU be paid when due.
<br />= �':::���• 2. Title.Trustor fs the owner of the Property,has the�ight and aulhority to convey the Property,end warrants that the lien creat-
<br />�� " ' ' ed horeby fs e flrst and pdor Ilen on the Property� except Tor uens and encumbrances set forth by Trustor in w�iting and detivered to `
<br /> � � � Lender before execution of thfs Deed of 7rust,and the execuUon and delivery of this Deed of Trust does not vtolate any contract or
<br /> - other obligetfon to whlch Trustor Is subject.
<br /> � 3.Tax�s,Ars�ssrn�nts.To pay before delinquency an taxes, sPecial assessments end all other charges egainst the Property
<br /> ,��°��• now or hereafter leviod.
<br /> • �� 4.Insunnc�.To keep the Property Insured egainst damage by fire,hazerds Included withln the term"extended cove►a9e',and
<br />� � � � such other hezarYdyf�has�g epayable t rthe'Lendere.rtln aase ot bsshu dersuCh policies,thetLenderes au horiz d to edJust colect and
<br />' ; named Insured, 1 in ali or art of the Insurance proceeds(f)to any Indebtedness _
<br /> � .' � compromise,ell ciafms thereunder and shall have the optlon of app y g P --
<br /> - � � secured hereby end in suCh ordee t satsfactory t dLendern withoutaft ct ng the�lben of his DeedBOiIT ustfor�hef tul�amountroseeu ed �'•. _"
<br /> ; (fli)for any other purpose or obj �� -
<br />� hereby before such payment ovor took place.Any appilcations ot proceeds to Indebtedness shall not extend or postpone the due date _,i,
<br /> i__ „r o.,.,.,a�mantc undet the NOte,or cure any detault thereunder or hereunder,w. �^ e..nh ma�nar a�Lender maY designate,suf�c►ent ..�y
<br /> , .-. -._ _. - .� � �� .......i r—�'-'- t� a.o��uo...�. ..........._... _
<br /> 5. Escrow. Upon written demand by Lendor,T nls[o�snari VnY�-
<br /> ' sums to enable Lender to pay as they become dulnsu ance r qulred hfereun,der,aindll(I) the premfuma onaan�mortcaaeen u9rence
<br /> the Propdrty. (�i) the premfuma on the property
<br /> Y 99
<br /> requlred by Lender. in ood condltion and repair; sheli
<br /> 6. Maintenance, R�paira and Comptlance with Laws. Trustor shall keep the Properry 9
<br /> promptly repefr,or replace any improvement which may be damagad or destroye p shall not commit or perm��shellW ot commit BsuNer
<br /> tlon of the Property:shall not remove,demolish or subntVi leConlofrany law ord nance oe regulat onPand ell pay and promptly dis-
<br /> 1 or permit any act to be done in or upon the Property or an
<br /> I cherge at Trustor's cost and expense all Ilens.encumbrances and charges levied. Imposed or accessed against the Property Y
<br /> part thereof.
<br /> 7. Eminent Domaln. Lender is hereby assigned ell compensatlon,awards, damages and othor payments or reiief(hereina er
<br /> HB(:7�5/IND��Y ONtlI Nw SIB! .
<br /> � CtB6EN�umrlun�dCu.+�+N�atnn�x,asav+'G+bm�ucn l.+can Nw�u�
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