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<br /> � ' � DEED OF TRUST WITH FUTURE�►DVANC�S
<br /> � �
<br /> ��� THIS DEED OF TRUST,is made as of the 12TH day of AUGUST ,19 97 .by and arr�ong,_ _ -
<br /> yr
<br /> • theTrustor, f1FRRA KFII FR A MAEZRTFn P[$$Q��� f10 I gFi i F2,�{Fa carnicF � --.
<br /> whose mailing eddr�ess is P•0. �OX 280. 6RAND ISLAND NE 6RE342-0280 (herein'Trustor",whethe�oneormora),
<br /> \
<br /> the7rustee FIV' ROI TS BAN1 A tICQOACVA rno�nQa-rTr��� __
<br /> whosompilingaddressis P•�• BOX 1507, GRANO ISLAND NE 68802-1507 _(herein"Tmstee'),and
<br /> � the Beneflclery, F IVE POINTS BANK
<br /> �� � ' `� whose maillnp eddress is 2015 N BROADWELL, GRAND I5LAN0 NE 68802 �herein'Lende�').
<br />�� � FOR VALUABLECONSIDERATIaN,including Lenders extonslon ofcredit Identified herein to EUSTIS RODY SHOP, INC.
<br /> . AND DOUG KELLER AND DEBRA KELL�R
<br /> ^�; �. j"` (herein"Borrower;whether ane or more)and the trust herein created,the recefpt
<br />- ::�� '� � of which is hereby acknowledged,Trostar hereby Irrevocably grente, transfers, conveya and essigns to Truslee. IN TRUST, WITH
<br /> �'" ... .. �-�
<br />-";;,,t ". - ;'Q�ft,�ER OF S.°.L"'�*.t�e�r.e!i!$nd s�a�!!ly ot l.ender,under and subiect to`fie terms and conditfons hereinaftersat forth,the real
<br />�'_`�`'� � property described as folbws:
<br /> "�'�=�'��`��-�• LOTS FOUR (4) , FIVE (5) AND SIX (6) OF REUTING'S FIRST SU80IYISION. BEING APART
<br /> —i����. OF THE SOUTHWEST QUARTER (SMl/4) OF SECTION TWENTY-FOUR (24), TOWNSHIP ELEVEN (11)
<br /> ''������� NORTH, RANGE TEN (10) WEST OF THE 6TH P.M. IN HAI.L COUNTY NEBRASKA
<br /> �''���..c:1'.
<br /> ____:rs.c=�rc� Together with aB bufldings,improvements,Rxlures,streets,alloys,passageways,easements,dghts,privileges and appurtenances
<br /> "��=�-�� located thereon or in anywlse pertafning thereto,end the rents. issues end proflts, raversbns end remainders Ihereof, end such per
<br /> -•=`:.� � sonal property that Isattached to the Improvements so as to constituto a flxture,InGuding,but not limited to,heatlng and cooting equlp�
<br />"'�'=��.����;�'16� ment;and together with the homestead or madtal Interesls, if any,which interests are hereby released and waived; el of which,includ-
<br /> ��`�'�'�� i re acem�nts and additions thereto,is hereby declared to be a part oi the real estate secured by the Ilen e�t this Deed oi Trust and
<br /> _��:;�r:a�a��� �9 P�
<br /> _- all of the foregoing baing referred to herein as the'Propert�'.
<br /> This Deed of TNSt shall secure(a)the peyment oi the ptlnclpal sum end Irvterest evidenced by a promissory nde or credit agree-
<br /> ment dated ��iri icT t�� 1g97 ,having a meturity date ot ur�T 15, 2L1p0
<br /> —_-__�_-�.�
<br /> ____ In the originaf prit�clpal amount of S�3�...0� , and any end ell modi8cetlons,extensbn�end renewals
<br /> -- - thareof or thereta and any end all future advances and readvances to Borrower(or any of them Ii more than one) hereund�er pursuant
<br />—Y���:� to one or more pramissory notes or cred(t agraements(hereln calied'Note'); (b)the payment of other sums advanced by Lender to
<br /> -_--=° protect the security of the Note;(c)the performance of ell covenants and agreements of Trust�r set forth herein;and(d) all present end
<br /> ---_-- future indebtedness end obligatbns of Borrower(or any of them ii more than ane)to Lender whether direct,indirect,ebsolute or conttn•
<br /> �-----"�'°° gent and whether a�sing by note,guaranty, overdraft or otherwise.7he Note,this Deed of T►ust end any and all other documants that
<br /> secure the Note or otherwise executed in connection therewith, Including without Ilmitation guarantees,securiry agreemants and
<br /> --��� assignments of leases and rents,shall be reterced to hereln as the"Loan InsVuments'.
<br /> ='��'�'"-"� Trustor covenants end egrees with Lender as follows:
<br /> ~-°=� 1. Paym�nt of Ind�bt�dn�ss.All indebtedness secured hereby shall be paid when due. _
<br />__,,��. ��_ 2, TiB�.Trusta is the owner of the Property,has the rlght end authoHty to convey the Property,and wartants Ihat lhe lien cteat-
<br /> � ed hereby Is a flrst end pdor Ilen un the Praperty,except for Iiens and encumbrances set forth by Trustor in wrlting and dellvered to
<br /> ��`�F1'`^'�`•�;•. �� Lender before exeaBon of thls Deed of Trust, and the executlon and delivery of this Deed of Trust does not violale any contract or
<br />—;;:`. �• other abligation to whlch Trustor Is subJect.
<br /> - 3.Tax�s,Asassmenb.To pay before delinquency all taxos,speclal assessments and ell other charges against the Property
<br /> - � now or hereatter levied.
<br /> �.� . 4.Inturanc�.To keep the Proparty insured egainst damaga by fire,hazerds included within the term'extended covernge',and
<br /> ' such other hazerds as Lender may require,in amounts a�d wit��.c�mpanies acceptablo to Londer, naming Lender as en eddlUonal
<br /> � narned insured,with loss payeble to the Lender.In casa ot loss under such poliGes, the Lender Is authorized to adjust, coilect and
<br /> . � oompromise, all claims thereunder and shall have the option of applying all or part of the insuranca proceeds(t) to any indebtedness
<br /> • + secured hereby and i�� such order as Lender may determine,(ii)to the Trustor to be used for the repflir or restoration of the Property or
<br /> �,:�� ; (lii)for any other purpose or obJect setisfactory to Lender without a�fecting the lien of this Deed of Trust(or the tul emount secured
<br /> ; hereby before such payment ever took place.Any applications o}proceeds to indebtedness shall not extend or poslpone the due date
<br /> --- - -_-- -.__...__.........�.....,,e.e�wi..eo ..r���m onv�tnu�t tham�indNr nr haraundar
<br /> �-- ----r-�-�• -a] v�an�Fso7um.......�w... ................ ...........,--•--'•---'--�--
<br /> 1� 5. Etcrow. Upo:�written demanci by Lender, Trustor shall pay to Lender,In such manner as Lender rnay designate,sufflcient
<br /> sums to enable Lender to pay as they become due one or more of the followfng:(f)all taxes,assessments a�d other charges agafnst
<br /> . � the Property. (if) the premiums on the property insurence required hereunder,and (lil) the premlums on any rnartgage insurance
<br /> i required by Lender.
<br />_ � 8. M�intenance. Repalro and Compllance with Laxrs. Trustor shail keap tho Property in good condition and repair; shall
<br /> � prompUy repafr,or replace any improvement which may be darnaged or destroyed;shall not commit or permit any waste or detedora•
<br /> tion of the Property;shall not remove,demalish or substantialiy alter any of the improvements on the Property:shall not commit,sufier
<br /> or pertnit any act to be done in or upon the Property in violation of any law,ordlnance,or regulation;and sF�all pay and promptiy dis-
<br /> charge at Trustor's cost and expense all liens, encumbrances and charges levied, imposed or accessed against Ihe Property or any
<br /> part thereot.
<br /> 7. Emin�nY Domaln. Lender is hereby assigned ell compens9tion,awards, damages and ott�er paymvnts or rellei(hereinafter
<br /> �- 1 eMC3�3/1�✓rDe.W�wr SJ97 : j � •
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