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<br /> � �a•R � F TRUST WITH F TUR�AQVANCES� °� v °
<br /> . .. � DEED 0 0
<br /> � �
<br /> '� THIS OEED OF TRUST,lo made es otthe Sth dayof AUGUS7 ,19 97 ,by end among��.� c
<br /> �
<br /> 2 the Trustor, B & B PROPERTIES A PARTNERSHI P — '
<br /> � hamin'Trusto�',whether one or more),
<br /> - �� whose mailing eddress is�1� C WRqH R❑ ('R Nn iC f ANI]- NF' 6g$0� �
<br /> theTrustee FIVE POINTS BANK A NF.BRASKA CORPORATIQN
<br /> whose mailing address is PO ROK LSD' ^^"'^ re�►un �r �aan9.. 5p 7 (herein'Trustee�,a�d
<br />- " �. the Beneficlary, FIVE POINTS BANK
<br /> �:,.
<br /> . � : whosomailingaddressis 2015 N BROADWELI. GRAND ISLANp NF 68802--1507 _(herein'Lender).
<br /> �"� ' FOR VALUABLE CONSIDERATION,Including Lenders extonsion of crodit identified hsroin ta B b B PROPERTI ES,
<br /> 4
<br /> j;. . (hereln 'Borrower,"whether one or mcre) and the trust here(n created,the receipt
<br /> of which Is hereby acknowledged,Trustor hereby Irrevocably grents, transters,convoys end assigns to Trustee, IN TRUST,WITH
<br /> j;;: ��.�^ _ p�vy��F gpi F,for the benefit end secu dty o f Len der, u n der e n d s u b j e c t to the tertns and oonditions hereinafter set forth,the resl
<br /> property desciibed�s tollows:
<br />�.4'i
<br /> t',r:,..,1,�+
<br />�:y�t .
<br />��i':..Y t
<br /> �;�;,;��3 THE NORTHERLY THIRTY—THREE (33) FEET OF LOT EIGHT (8) IN BLOCK THREE (3) OF
<br />-�"�'�w=� NAGY'S ADDITION TO THE CITY OF 6RANQ ISLAND. HALL COUNTY, NEBRASKA.
<br /> t:'r,_k�,�.
<br />�1•�:�� �. Together with ell buildings,improvements,flxtures,st�8ots,alleys,passageways,ep�ments,dghts,privifeges end appurtenances
<br />_�,,,,
<br /> ';:a�' � located t��ac�:.ti or in anywise pertalning thereto,end the rent�,issues and proflts,reversbns end remainders thereof,end such per-
<br />�•���:��a�= sonai property that is ettached to the improvements so as toconatitute e fixture,including,but not limited to,heating end 000ling equlp�
<br /> ���,�,�'�.�� ment;end together with the homestoad or marital Intereats,if eny,which interests are hereby�eleasod end waived;all of which,Indud-
<br /> -�°.y:�'��5,, Ing replacements end edditions thereto,is hereby declered to be a part of tho reel estato secured by lhe Ilen of th(s Deed of Trust and
<br />=��:t-.�.�
<br /> all of the foregoing being referred to herein as the'Property.
<br />-��^:w�.s This Deed of Truat ahail securo (a)the payment of the principal sum and Interest evidenced by a promissory note or credit egree-
<br />_--_=— = ment deted AUGUST 8 1997 __,having a meturiiy dat�ot AUGUST 7= 2�02
<br /> .�_s�z�a
<br /> '""'��'� In the original principel emount ot S _�Zp..r� , and any and eil modiflcations,extensions and renewels
<br />��;�:;�"��� thereof or thereto and any and ell tuture advances end readvances to Barrower(or any oilhem ii more than one)hereunder pursuant
<br /> i,'i;}�.�. to one or more promissory notes or credit egreements(herein cailed'Note');(b)the payment of other sums advanced by Lender to
<br /> __ protect the security oi the Note;(c)the perfamance of ell covenants and agreements of Tn�tor set forih hereln;and(d)all present and
<br /> _ - -_ = future Indebtedness and obltgations of Borroxrer(or any of them if more than ane)to LeR�ier whether direct,indirect,absotute or condn-
<br />;,�;,,�,��� gent and whether arising by note,guarenty,overdreR a othe�wise.The Note,thls Deed of Trust end eny ond all other documents that
<br /> secure the Note or otherwise executed in connection therewith, inctuding without Ilmiteqon guarantees,security agreements and
<br />— essignments of leases and rents,shall be referred to herein as the"Loan Instruments'.
<br /> a�.___'�'�� Trustor covenants and egrees with Lender es folbws:
<br /> r.,�,.:,,.:=�N 1. Paym�nt oi Indebtedness. All Indebtedness secured hereby shall be pafd when due.
<br />_;.�=�:�� 2. Tttle.Trustor is the owner ot the Property,has the dght and authority to convey the Property,end wartants that the lien creat-
<br />?�";�.�`•"' ed hereby is e ftrst and prior Ilen on the Property,except for Ilens and encumbrances set forth by Trustor In writlng and del'nrered to
<br />_:.?'-�.�1(�� Lender before execution of this Deed of Trust,and the executlon and delivery of this �eed ot Trust does not violate any contract or
<br /> � other obligatfon tu whfch Trustor Is subJect.
<br />"s"•,'•. 3.Taxes,Ass�saments.To pay be(ore deiinquency all taxes,speclal assessments and ell other cherges against the Property
<br />- ', .���':"'• � now or hereafter Ievied.
<br /> � � � ' 4.Inaurance.To keep the Property insured against damage by fire,hazards included wfthin the term'extended coverage',and
<br /> � "� such other haza►ds es Lender may requfre, fn emounts and wilh companies acoepteble lo Lender,naming Lender as en addit'+onal
<br /> •• � named insured,with loss payabte to Ihe Lender.In case of loss under such pollGes, Rhe Lender Is authorized to adjust, coliect and
<br /> � " �' 't compromise,all claims thereunder and shall have the option of epplying a11 or part of the Insuranco proceeds(f)to any indebtedness
<br /> �. secured hereby and In such order as Lender may determine,(fi)to!he Trustar to be used(or the repalr or restoration of the Property or
<br />_ (ili)tor any other purpose or object satisfactory to Lender without attecting the Ilen of tMS Deed oi Trust for the full amount secured
<br /> � " hereby before such payment evE�r took place. Any applicatbns of proceads to indebtedness shall not extend or postpone the due date
<br />=--- - _.---- -- ��>;�: _ ..t e..,,..v.....nnfc s�n(1nr thw Nnta nr c11re anv dehdult the�Ulldef Of he�u�lde�.
<br />----. . _..�_-��:.F- .......�wa...,......_..°' °-- -�---• .
<br /> 5.Escrow. Upon wririen demand by Lender, Tmstor shall pay to Lender, In such manner as Lencler may designate,sumc�enc
<br /> � sums to enablo Lendor to pay as they become due one or more ot the foilowing:(i)all texes,assessments and other chargos against
<br /> • the Property, (II) the premfums on the property insurance required hereunder,and (ili)lhe premiums on any mortga8e insuranoe
<br />� required by Lender.
<br /> 6. Malntenance, Repa�n and Compllance wlth Laws,Trustor shall keep the Property in good condition and repair; shall
<br /> - promptty repair,or replace any improvement which may be damaged or destroyed;shall not commit or permit any waste or deteriora-
<br /> tion of lhe Proparty;shall not remove,demolish or substanlialiy alter any oi the improvemants on the Property;shall not commit,suNer
<br /> or pertnit any act to be done in or upon the Property in valation of any law,ordinance,a repulation;and shait pay and promptly dfs-
<br /> charga at Trustor's cost and expense all Gens,oncumbrances and charges levied,imposQd or accessed against the Property ar any
<br /> part thoreof.
<br /> 7. Emin�nt Domaln.Lender is hereby assigned all compensatfon,awards.damages and other payments or relfet (hereinafter
<br /> wc xsr i�e.+.r d.e�w.�e •
<br /> o,oee wio�r w�...a c�uTnn�.w s,..ros w.,a,u,on�rcan x�w•,u . . •
<br /> I .. , .,. . ... .._.,..� _,..��e..�-_•. _.. _. ...___ _e..
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