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<br /> • DEED OF TftUST WI7H FUTURE ADVANCES w �" � t
<br /> 22nd da August ,19 97 ,byand.monp ••
<br /> THIS nEED O�F TRUST,Is made as of the y of
<br /> theTrustar, Mar K. 0' Nei 11 a Sin 1e Person ��
<br /> whase maWng address Is 10 0 7 W 12 t h I s 7 a n d N E �,$,8 O 1 (hsre�n•Trusto�',whether one or Rwre)� O �
<br /> 1119TNSt69 N..n nnintc Rank� d ri �r d°wd COI^j^ratipn \�
<br /> whose mal�ing eddress is P.0. B o x__15 0 7 G r a n d I s 1 a�,d N F 6 8 8 0 2 (herefn•Trustee'),end �
<br /> me eenet�ary, F i v e P o i n t s 8 a n k
<br /> wnose ma�ung add�es�Is 2 015 N. B r o a d w e 11 A v e. G r a n d I s 1 a n d N E 6 8 8 0 3 (hereln"lersder�.
<br /> FOR VALUABLE CONSIDERATION,Inctuding Lenders extenslon of credit tdentified herein to
<br /> Marv K 0' Nei 11
<br /> (hereln Borrower;whether one or more)and the trust here�n croated,the receiPt
<br /> at wh�h Is hereby acknowledged,Trustor hereby Irtevocably grents, transfera,conveys and assigns to 7rustoe. IN TRUST, WITH
<br /> POWER OF SALE,for the beneflt end security oi l.ender,under an3 subjeci io ii�v in�ina a��and�tics:o ttar'irtrtt�°-°1 isxt�,t!r n!�±! .
<br /> ProPert�►describvd as followa:
<br /> Lot Two (2) , Block Five ( 5) Gilbert's Addition to the City of
<br /> Grand Island. Hall County � Nebraska
<br /> Togetherwtth ell buifdings,lmprovement�,fixtures,streete,elleys,passaguways�easements,rights,privileges and appurtenar�cea
<br /> located thereon o►In enywise perteining thereto,end the rents,issues end proflb, reversions anc remainders thereof,end such pa�-
<br /> sonal properry that is attached to the improvements so as to constitute a flxture,including,but not Ifmited to,heatiny and cooling equip�
<br /> ment;and topether with the homestead or maritai tnteresta,ff any,which Interests are hereby released snd waived;ell ot whlch, includ-
<br /> Ing replacernents end eddiUons thereto,Is hereby declared to be e part of the real astete seaured by the I{ei�oi thfs Deed of Trust a�xf
<br /> ell otthetorepoinq be�ng referred to herefn es the'Propert�'.
<br /> Thla Deed of Trust shall secure(a)the payment ot ihe prtncipal aum and Interost evidenced by a prom�asory note or crodit a��es-
<br /> ment dated A��e�i c t 9 9�,,, ]9 Q 7 ,hevfng a rt►aturity date of F a h r�i a� 1 R, 1 4 o II
<br /> In the c.ripinal pMncfRal emount of S 41,900.00 , and any end ell modHicatbna,extermbns and rsr�awsle
<br /> ihereof a thereto end eny end all future advencRS end readvances to BoROwer(or any ot them If more than one)hereundor pursuant
<br /> }p q� or more promisaory notes or credit agreements(herain called'Note');(D)the peyment of other sums advanced by Lsnder to
<br /> pro(ect the securily of the Note;(c)the performance of ell covenents and egreements of Trustor set forth herein;end(d)ell prosent and
<br /> future indebtedness end obllgs�tions of Borrower(or eny af them if more than one)to Lender whether dfrect,IndiroCt,ab�dute or ooMira-
<br /> gent at�d whelher erising by note,guaranty,overdraR or otherwlse.The Note,thls Deed of 1'ruat end eny end all oMer documenb thet
<br /> secure tha Note or otherwlse executed in cannecllon therewith, including without Umitatlon guarentees, secudty agroements and
<br /> asslgnments of leases and ronta,shall be retenod to herein es the'Loan Instruments'.
<br /> Trustdr eovenanta end egrees with Lender as tollows:
<br /> 1. Paym�nt of ind�bt�dnas.All Indebtedness secured hereby shall be pald when dua.
<br /> 2. TitN.Trustor Is the owner of the Praperty,has the right end authorfty to convey tha PropeRy,and warrants that the Nen aeat-
<br /> ed hereby is d flrot end Rrlor Uen on thv PropeRy,except for Ilens and encumbrances set torth by Trustor in writing and delfvered to
<br /> LenUer before execution of this Oeed of Trust,and the executfon and dellvery of this Ueed of Trust does not vlolate any wntrect or
<br /> other obllgatbn to whlch Truator Is subJect.
<br />— 3.Tsxa. Ass�ssments.To pay be4ore dellnquency all taxes,speclal assessments and ali other charges agalnst the Property
<br /> now or hereafter bvied.
<br />— 4.Insuranw.To keep the Property Insured epainst damafle by fire,hazards inciuded within the tertn'extended coverage',end
<br /> such other hazaMs ea Lender may require, In amou�b and with companfea ecceptable to Lender, naming Lender as on addkbnel
<br /> named Insured, wlth loss payable to the Lender. In case of loss under such poliGes, the Lender Is buthorized to adjust,coltect and
<br />— compromise,ell clafms thereunder and shall have the optlon of applying al�or part of the insurence pi»ceeds(I)to eny fndebtedness
<br /> secured hereby end In such order as Lender may determine,(II)to the Trustor to be uaed for the repalr or restoretion af the Property or
<br /> (iit)for eny other pNrpose or obJect setisfactory to lender without aifecting the Ifen of thls Deed of Trust tor the fi.+il amount secured
<br /> herebv before such aayment ever took place.Any eppllcetions of proceeds to Indebtednesa shall not extend or postpone the due date
<br /> of eny payments under the Note,or cure any default thereunder or nereunaer.
<br /> 5.Escrow.Upon written demand by Lender,Trustor shall pay to Lender, in such manner es Lender may deslgnate,sutficient M,
<br /> sums to enable Lender to pay as they become due one or more of lhe following: (I)ail texes,assessmonts and othvr charg�s against •
<br />.� the Property, (il)the premtums on the property Insurence required hereunder,and (Ilq the premiums on any mortgage insurence .
<br /> requlrod by Lender.
<br />�:� 8.Malnt�mnc�, R�paln and Complla���c�with Lawa. Trustar shall keep the Property in good conditlon and repair,shall
<br />-� promptly repafr,or replace eny Improvement which may be demeged or destroyed;shall not commit or permtt eny waste or deteriora-
<br />'� tion of the Property;shall not remove,demolish ar subst�ntlaliy alter any of Mo fmprovements on the Property;shall not commit,sutier
<br /> �� or permit any act to be done In or upon the Property In vblatlon oi any law,ordinance,or rogufation;and shall pay and promptly dfs-
<br />`.;� charye at Trustors cost end expense all liens,encumbrances and charges levted,Imposed or accessed egclnst the I'mperty cr any
<br /> ,' part thereoi
<br /> _�� 7.Emin�nt Domain.Lender is hereby asslgned all compensatlon,awards,damages and other payments or relief(herelnafter
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<br /> rrec usa�a�.o.�a.r a.a�re«ene
<br /> ' O�kl Naiur nry a ca�.wceTwi M,a Sf.+w+�•,«r�a,.l.rah N�enw
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