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<br /> ;`; DEED OF TRUST WITH FUTURE ADVANCES —_
<br /> S s.
<br /> ;��; ° .
<br /> +� THIS DEED OF TRUST,is mede as of the 14th day of A U g U St , 19 97 ,by end amony � —
<br /> �', �!� _
<br /> me7rustor,,�i��1�1�d B Wieck and Elaine J. Wieck husband and wife --
<br /> :'��: -
<br />-. � '' whosemailingaddressis �22 Via Como. Grand Island NE 68803 (hereln•Trusro�,wnetneroneormore),
<br /> � � ���� thoTrustee Five Pcrints Bank, a Nebraska Corporation -
<br /> � ,;��
<br /> � �`yKl W���i����ressls P 0 Rnx 1FO'I, Grand Ialand NF 688�2- � 7 (herein'Trustea7,and
<br /> . :�?��
<br /> •�� theeeneflciery, Five Points Bank
<br /> . ' :' ;�`•r •
<br /> �'�` � whose maiung address Is 2015 N_ B roa d w ell A ve.. G ra n d Isla n d. N E 68803 (herein"�ende�).
<br /> •- FOR VALUABLE CONSIDERATIQN,Including Lender's extenobn of credit identifled hereln to RiC h dPd B. Wieck
<br /> and ElainP .1 Wierk
<br />, (herein'Borrower;whether one or more)end the Wst herein creat9d,the receipt
<br /> of which is hereby ecknowledged,Trustor hereby IRevocabiy grants, transtere,conveys end assigns to Trustee, IN TRUST,WITH
<br /> -_=';�'.
<br /> POWER OF SALE,tor the beneflt end security of Lender,under and subject to the terme and conditbns herelnaRer set fatfi,the roal
<br /> -' :�,;:+:'I�" PropertY desc,�ibed es follows:
<br /> - �;,,..,{;.,
<br /> _� ,.�,.;.,.,
<br /> � �� Lot Twenty-two (22). B1ock Two (2), Continental Gardens Addition to the City
<br /> ���:�ti���y�� �. of Grand Island, Hali County, Nebraska.
<br />��• � Together with all buffdinga,improvements,flxtures,streets,ai{eys,passageways,easements,rights,privilegea and eppurtenances
<br /> a"• ': '�:�`'� • loceted thereon or(n enywise pertalning thereto,and the renta,issues end profits. reve�aions and remalnders thQreof,arW such par-
<br /> r:`��'"�''f��' sonal properry that is etu�ched to the tmprovements so es to constitute a ftxture,including,but not Itmited to,heating end cool(ny equtp-
<br />=;'T`-'•' '.`y ment and togather with the homestead or maritel Interests,H any,which interesta ere hereby released and wafved;aN ot which,G►dud-
<br />�""'"''` �� (ng replacetnente end edditiuns thereto,is hereby dedared to be a part of the real estate secured by the Nen of t�is Deed ot TNSt and
<br />_'Mr,, . ....
<br /> �,4:;_,- �r�� all of the forepoing being referred to herein as the'Properly".
<br /> � = �-•.��.� Th(s Deed of Trust shbll secure(a)the paymant of the principal sum and tnterest evidenced by a promissory note or aed'R agree-
<br />�='_'`�'""`"� ment dated_ A�y,�,st 14. 1_97 9 tY 9
<br /> ..._1=f�._. , q ,havin a maturi dale of A u USt 5. 0
<br />�: �fi�y,q�+;�,�� '
<br />��=:�=�:'�''� in the origlnal pdnctpei emount ot S 7.200.28 ,and any and all modificaUons, extensbns and ronewals
<br />_'-Vw°s�_'�'�- thoreaf or thereto and eny end ell future edvances and readvances to Borrower(or anyof them(f more than one)hereunder pitsuent
<br />�;;�t«.,�•.Y
<br />_ -�.���� to one or more promissory notes a credit egreements(herein called'Note');(b) the payment ot other sums edvanced by Len�er to
<br />�=�r.i;r-•.i:
<br /> �;_.,�;�;;,, protect the security of the Note;(c)the perfamance of all covenants and agreements oiTrustor set tath herefn;and(d)ail present a
<br /> _ = ir�., � future Indebtedness and obligeUons of 8orrower(or any oi them Ii mare than one)to Lender whether direct,Indireci,absolute or conUn-
<br /> `_ i'�Stii�:'n�
<br /> :�;..��,,��L�;� ;, gent and whether arising by note,guannty,overdraft or otherwise.The Note,this Deed of Trust and any end all otF+er docum�nts that
<br />=-•.•���;;��',,;: � secure the Note or otherwiae executod in connection therewith, including without Iimltation guerantees, securiry egreements and
<br /> ._L�?,�.,:
<br /> �-�;`� assignments of loases and rents,sheil be refemed to herein as the"Loan InsWments.
<br /> ti��,,�;�� , . Trustor covenants and egrees with Lender es follows;
<br /> `��'��"�� 1. Pa nt ot IntNbt�dn�s�.All indebtedness secured hereby shatl be pafd when due.
<br /> '"Tv�.%cr��7,tr� Y�11�
<br /> ;;�;�;.;„, 2. �'iHe.Trustor Is the owner of the Property,has the riyht and authoriry to convey Ihe Property,and wartants that tlw Ilen creat-
<br />�^ •- u-: . ed hereby Is a first and prtar Iien on the Property,except for Ifens end encumbrances set forth by Trustw in writing and delivened to
<br />�'. ,�� Lendor before executbn of this Deed oi Trust,and the execuUon and delivery of this Deed of Trust does not vlolate eny conUact or
<br />��. . other obligaUon to which Tnistor is subJect.
<br /> � 3.Taz�s.AssKSm�nb.To pgy betore delinquency atl taxes,special assessments and ell olher charges against the Property
<br />�;' now or hereafter levied.
<br /> � 4.Insuranc�.To keep the Property Insured against damage by fire, hazards Included within lhe tem� "extended coverage',and
<br />=�I � such olher hazards as Lender may requfre,In emounts and with companies acceptable to Lender, naming Lender as en eddfUonal
<br />= y named insured,with loss payable to the Lender.In pse of loss under such policies.Ihe Lender Is authorized to edjust,collect and —
<br /> compromise,all claims thereunder end shall have the optlon of applying all or part of the insurance proceeds(i)to any Indebtedness
<br /> � secured hereby and in such order as Lender may determine,(iq to the Trustor to be used for the repair or restoratlon of the Property or -
<br /> - � (fii)for eny other purpose or obJect satisfactory to Lender without aHecting the Ilen oi Ihls Deed of Trust for the tuli amount secured
<br /> '� hereby before such payment ever took place.Any applicatbns of prooeeds to indebtedness shall not extend or postpone the due date
<br /> of anv navments under the Note,or cure anv default thereunder ar hereunder. _
<br /> 5. Escrow.Upon wntten demand by Lender,Trustor shall pay to Lender, in such rnanner as Lende�may designate,suftictent =
<br /> sums to enable Lender to pay as they become due one or more ot the foilowing: (i)ell laxes,assessmenls and other charges ageinst
<br /> _� the Property, (il) the premiums on the property fnsurance required hereunder,and (ill) the premiums on any mortgage insurance
<br /> - required by Londer. -
<br /> 6. Malntenance, Repairo and Complianc�with Laws. Trustor shalt keep the Property in gaad condition and ropair;shall
<br /> promptly repai�,or repiace any Improvement which may be damaged or destroyed;shau not commit or permit eny waste or deterfora-
<br /> hon of the Rroperty:sha�l not remove,demoiish or substantially alter any of lhe Improvernents on the Property;shall not commit,suifer
<br /> or permit any act to be do�e fn or upon the Property in vioiation oi eny law,ordinance,or regulation; and shall pay and promptly dis• �
<br /> charge at Trustors cost and expense all liens,encumbrances and charges Ievied,imposed or accessed against the Property or any
<br /> part thereo►. �
<br /> T. Emin�nt Qomain. Lender is hereby assiyned all compensation, ewards, damages and other payments or relief(hereinefter
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