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<br /> � � DEED OF TRUST WITH FUTURE ADVANCES "' �
<br /> ,» _ . � THIS DEED OF TRUST,is mede as of the 21ST day ot AUGUST ,19 97 ,by and among � `d
<br /> �: \
<br />°'.+�•':;`;.,, :' �theTrustor. DANNY K OBERG ANO FAITH A. OBERG. HUSBAND ANO WIFE ,
<br />:��_;;.'���,.
<br /> . ; , w h o s e m a i l i n g a d d r e s s i s 9 7 0 4 ('O T T O N W 0 0� R�� G R A��D I S L A N D� N E 6 8 8 0Yhereln'Trustor,whether cx�e ormore),
<br /> �ti
<br /> _ '.���'�� theTn,stee FIVE POINTS BANK, A NEBRASKA CORPURATION -
<br />�°�;��<.+���;
<br /> whosemaflingeddressia P.O. BOX 1507. GRANO ISLAND. NE 68802-1507 (herelnTniatee�,end
<br />�t"''':'�' theBeneflciary, FIVE POINTS BANK
<br /> .. :,
<br /> j�;;.'.:+,:-� whosemaflIngaddressfs 2015 N. BROADWELL. GRAND ISLAND, NE 68802 (herein•Lender).
<br />�;-
<br /> .�R��' FOR VALUABLE CONSIDERATION,InGuding Lender's extension oi cred(t identifled herefn to
<br /> ='�'��l'="� OBERG PRODUCTIONS INC, dba AUTO QUTLET1 DANNY K. OBERG, AITH A. B
<br />-�§1!�"''�;:
<br />�.. , (herein'Borrower;whether one or more) and the trust herein created,the receipt
<br /> itaL?:`};;�,,� of which Is hereby acknowledged,Trustar hereby frrevocabty gra�ts,Vansfers,conveys and assigns to Trustee, IN TRUST,WITH
<br /> -="l'd�7�� POWER OF SALE,for the beneflt and secudty o1 Lentler,under antl sub)ect to tne terms an�condinons nereinatter set Torth.the reai `
<br />�r�;,fl'',�� property described as foibws:
<br />�=��; LOT TWENTY-SEVEN (27�, IN BLOCK FOUR (4), IN REPLAT OF RIVERSIDE ACRES,
<br /> —=�`�'°�°``�� AN ADOITION TQ THE CITY OF GRAND ISLANO, HALL COUNTY, NEBRASKA.
<br /> __ Together with all bufldings,tmprovements.Tixtures,streets,atleys,passageways,easements,�ights,prfviteges and appurtenences
<br /> --___-- lacated thc:�ars ar In an)vrise asrtalntrsg thcr.;ta,a�sad tho rants,Issues and proflts, rovorsfons arsd remutr.dcrs thcrcaf,�nd:.uch�sar-
<br /> -- sonal properly that is at�hed to the improvements so ea to consUtute A flxture,including,but not Iimitud to,heatfng and cooling equtp-
<br /> --""'`"-c`� menh end�ogather with the homestead or madtal interests,if any,which(nterests are hereby released and waived;all o(wh�h,kidud-
<br /> �-�"s" ing replecements and additfons thereto,Is hereby declared to be e part of the real estate�ecured by the lien of this Deecl oi Trust and
<br /> ,''�'-� all of the foregoing being referred to herein es the'Property'.
<br /> --- .-- This Deed ot Trust shali secure(a)the peyment ot the principal sum end Interest ev(danced by a promissory note or craast egree-
<br /> ___ ment dated I►UGUST Zl, 1997 ,having a matudry date oi pUGUST 15, 194��
<br /> In the aigEnal pdncipai amount of s 50,020.50 , end eny and ell modiflcaUons, extensbns and rer�ewals
<br /> thereof or thereto end any end all future advances and readvances to 9orrower(or any of them If more than one)her�urrtler pursuent
<br /> - to one or more promissory notes or credit egreemants(heretn celied'Note'); (bl the payment of other sums advenced by Lender to
<br />°= protect the secudty of the Note;(c)the performance of ell covenants end agreements oi T►ustor set forth hereln;end(d)all present and
<br />__ " -" tuture Indebtedness and obllgatbns of Borrower(or any of them ff more than one)to Lender whether direct,indirect,absolute or contin-
<br /> ��� gent and whether arising by note,guarenty,overdra(t or othervvise.The Note,thfs Deed oi Trust end any and all other documents that
<br /> secura ths Note or othervvlse executed in connectlon therewith, including without Ilmitation guerantees, security agreemeMs and
<br /> ass(gnments of leases and rents,shett be referred to horein as the'Loan Instruments'.
<br /> -"�"_-`-`_-'� Trustor covenants and agrees with Lender as follows:
<br /> -_—- 1. P�ym�nt oT IncNbt�dn�ss.Ail indebt�,dness secured hereby shall be pald when dua.
<br /> -••-�--��� 2. TtW.Trustor is the owner of the F'raporiy,has the right and euthority to convey the Property,end warrants that the lien aeat-
<br /> _�_;�,�;�� ed hereby is e first and prior Ilen on the Prope►ty,except for Ilens and encumbrances set forth by Trostor in wriUng end delivered to
<br /> --?*'�"�!� Lender before executlon of this Deed of Trust, and the execution and deBvery of this peed oi Trust does not vblate any contrect or
<br /> `T'u�� other oblipaUon to which Trustor is subject.
<br />�"'-"�=""'� 3.Tax�s, Msessments.To pay before delinquency�II�taxes,special assessments and ell other changes agalnst�he Property
<br />�;:�r.;
<br /> --- �•�., now or hereafter lev;$tl. -
<br />�m;;�.•";.'s,. -
<br /> -a-�" �i. 4.Insu►ana.'�a�kmop the Property InsurecJ a ainst dama e b fire,haz�rds includod within the term'extended cover
<br />�,-:-�. , .. �J 8 Y ���and _
<br />=.;t!�•»� such other hazards as Lender may requlre, In pmounts and with compaMes accepteble to Lender,naming Lender os an additional -
<br /> �.r�:�. -
<br />:•';t:rs,�-:.• • . nartwd insured,with loss payab9e 4m ihe Lendor. In case of loss under such policies,the Lender is autho�ized to adjust,cotlect and =
<br /> �� '":"': ' oP PP Y 9 P R U Y�
<br /> ,:�;;.f h : comprcmise,ell claims thereundae and shall have the tion nf a I In all or aR of thc�ins�rance roceeds i to en mdebtedness -
<br />'�"+' "� • secured hereby and in such wder as Lender may detertnine,(ii)to the Trustor to be used for the repair or restorallon of the Property or
<br /> ;;:;„��. (ili)for eny other purpose or obJect satisfactary E9 Lender without aHecting the Ilen of this Deed of Trust for the full emount secured
<br />_ hereby befare such payment ever took place.Any applicetions of proceeds to fndebtednoss shell not extend or postpone thQ duo date
<br />_ -� ;;rz�; oi any payments under the Note,or cure any defaWt thereunder or hereunder. _
<br />- - . ; 5.Escrow.Upon written demand by Lender,Trustor shell pay to Lender,In such manner as Lender may desfgnate, suHicient _
<br />_ : sums to enable Lender to pay as ihey become due one or more of the fallowing:(i)all taxes, assessments and other charges against -
<br /> " the Property, (iq the premiums on the property insurence requlred hereunder,and (Ifi)Ihe premiums on eny mortpage insurance _
<br />= roqufred by Lender. _
<br /> , -. 6.Mainten�nce, Repain and Compllenct with Laws. 7rustor shall keep the Property fn good condition and repair,shall -
<br /> promptly repair,or replece any improvement which may be damaged or destroyed: shall rat commit or pertnit any waste or doteriora• �
<br /> t(on of the Property; shall not remove,demolish or substantlaliy alter any of the improvements on the Property;shall not commit,suHer �
<br /> or permit ony ect to be done in o�upon the Property in violatlon of any law,ordinance, or rec�ulation;and shall pay and promplly dis-
<br /> - , � charge at Trustor's cost and expense all liens,encumbronces and charges�evied, fmposed or accessed agafnst the Property or any �
<br /> part thereof. �
<br /> � 7.Emin�nt Domatn. Lender is hereby esslgned all campensation,awards,damages and other payments or reliei(hereinafter
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