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<br />"�`��"''� • � D�EO OF TRUST WiTH FUTURE ADVANCFS �
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<br /> �'� THI6 DEED OF TRUST,Is made es of the 13 t h day of A u g u S t ,�9 9 7 ,by and among �C
<br />� �..�y1,'�.,' c+.
<br />`�`''�'�'�'� tneTn,stor, Bernard C. Piel , a si ngl e person , '�`'
<br />�--�'r�r�� PO BoX 891
<br /> ;::c�.'��': whose mallinp addroas le 1 406 Y S n 1 1 p�P� R d � .r a n d I s 1 a n d._,�,�(hereln'Truswr,whether one or more),
<br /> � � ��erruesee Five Poi nts 8ank "
<br /> ,.;.,,;,,.
<br /> "' � whosemalllnpeddreasia P� Box 1507, Grand Isl and , NE 68s02 �hereln`Troatee'),end —
<br /> .�"''R" , the Beneflclery, F i v e P o i n t s B a n k
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<br /> >";'�. � � �nos9 malling eddrese Is 2 015 N B ro a d w e 11 , G r a n d I s 1 a n d, N E 6 88 0 3 (here�n•�ender).
<br /> ` �
<br /> s.
<br /> -��+N�� FOR VALUABL E CONSIDERATION,indudln Lender'a exienslon oi credit Identifled hereln to
<br /> a�.-�=- Be r nar d C . P i e�l
<br /> ��..;�• (herein'Borrower;whether one or more)and the trust herein created,the receipt
<br /> �°4�.'"��..�� oi whlch is hereby ecknowledged.Trustar hereby Irrevocsbly grants,transfers,conveys end essigns to Truatee,IN TRUST,WITH
<br /> --— — POWER OF SALE,for the beneflt antl security ofi Lende�,unc3er nnci 6uujeri:i iv t`ii-v 28�si�atsd cordli3ottr hesefs�Res�!foM.�B�AI
<br /> � propeAy described es tolbws:
<br /> ° - SEE ATTACHEO EXHIBIT "A"
<br />.-_�*� Together w(th ell bufWinga,improvements,flxtures,streets,aileys,passegeweys,easements,rights,privlleges and eppurtenances
<br /> � located theroon or in anywise pertelning thereto,and the rents,Issues end profits,reve�sions and remeinders thereot,and auch par-
<br />-_== Y�� sonal properly that is atteched lo ifie Improvemants so as to consdtute a flxture,includinfl,but not iimited to,heatinp and coolinp equf�
<br /> ,fl„-�� ment;and together with the hanestead or maNtel tnterests,H any,which interests are hereby released and waived;ell ot which,fnclud-
<br /> ��___� _ ing replacements end additions thereto.Is hereby deciered to be e part oi ihe real estate secured by the Ilen of thls Oeed of Trust and
<br /> ���� all ot the foregoing being referred 2o herefn es the"Propert�.
<br /> ��� Th�s peed oi Trust ahall ure(a)the payment oi the pr{nGpal sum end fnterest evidenced by a promisaory note or credit agree-
<br /> � ment dated A u g u 5 t 1�, 19 9 7 ,having a maturity date ot A U 4 U S t 15. 2 0 0 0 ,
<br /> in the origlnal principal amount otS 38,021.00 , and eny and ali modiflcaUons,extensio�a and renewale
<br /> _��� ' thereot or thereto and any end all future adva�ces and readvances to Sorrower(or any of them If more than one)hereunder pursuant
<br /> to one or more promissory noles a credit agreements (herein called'Note");(b)the payment oi other sums advanced by Lender to
<br />_ r�_ protect the security of the Note;(c)the pedormance of eli covenants and agreementa oi Trustor set forth herein;and(d)all present and
<br /> future tndebtedness and obligadons of Borrower(or any of them it more than one)to LendQr whether dlrect,Indirect,absolute or oontin-
<br />�-_______ gent end whether arising by nole. guaranty,oveMraft or othennise.The Note,this Deed of Trust end any end all other documenta that
<br /> secure the Note or otherwise executed In connectlon therewith, including without Iimitation guerantees,security agreements and
<br /> assignments of leases and renb, shali be referred to herein es the"Loan Instruments'.
<br /> "�"'�° Trustor covenants and egrees with lender as follows:
<br /> ---�--:r 1. Payment of Ind�bt�dnsss.All indebtedness secured hereby shall be paid when due.
<br /> --- - -- 2. Title.Trustor is the owner ot the Property,has the right and authority to convey the Praperty,and warrants that the Iien creat-
<br />-_;�,:����I ed hereby Is e firet and prior�en on the Property,except for Ilens and encumbrances set forth by Trustor In writlng and delivered to
<br /> :��� Lender before execution of this Deed of Trust,and the execuUon and delivery of this Deed oi Trust does not vlolate any contract or
<br /> _-_��,�r, other obOgatbn to uvhich Trustor is subject.
<br /> ^:;�.,,,;: . 3.Taxss,AesessmenU.To pay before delinquency all texes,speclai essessments and all other charges against the Properly
<br /> -� "�'�'� now or heresfter levled.
<br /> �'?"��'"�:�� 4.insuranu.To keep the Property Insured egainst damege by flre,hazards included within the term'extended coverege',and
<br /> such other hazards as Lender may requlre, tn amounts and with companies eccepteble to Lender,neming Lender as an addttianAl
<br /> named insured,with loss payable lo the Lender. In case of loss under euch pollcies,the Lender is euthodzed to adJuat,coltact and
<br /> ..'1���� compromise,all claims thereunder and shall heve the optlon of applying ell or part of the insurence proceeds(q to any indebtedness
<br />- secured hereby and In such order es Lender may deterrnine. (II)to the T�ustor to be used for the repair or rostoratbn of the Propertyr or
<br />' .� � (Iii)tor a�y other purpose or objact setiatectory to Lender without aHectinp the Ilen of this Deed of Truat for the full amount secured
<br /> -'*�,- herebv before such payment evar took place.Any applicaUons of proceeds to Indebtedness shall not extend or postpone the due date
<br /> �'�` ;,�,:��, of any payments under the Nde. a cure any detautt thereunder or nereunaer.
<br /> �""�"�� $� 5. Escrow.Upon written demand by Lender,Trustor shell pay to Lender, In such manner as Lender may designate,sufficlent
<br />� sums to enable Lender to pay as they become due one or more of the tollowing:(I)all texes,assessments and other charges against
<br /> � the Property, (ii)the premiums on the property insurance requfred hereunder,and (III) the premiums on any mortgape insurance
<br /> . requlred by Lender.
<br /> 6. Malntenance, Repalrs and Compllence with lawe.Trustor shali keep the Property fn good conditlon and repalr, shall
<br />- prompUy repalr,or replece any irnprovement which mey be damaged or destroyed;shali not commit or permit any waste or deterioro-
<br /> . tlon of the Property;shall not rernove, demollsh or substantially alter any oi the improvoments on the Property; shall not commit,sutfer
<br /> ' or permit any act to be done in or upon the Property in violation of any law,ordinance,or regulation;and shal�pay and promptly dis-
<br /> � � charge at Trustor's cost and expense all Iiens,encumbrances and charges levfed,imposed or accessed against the Property or any
<br /> , � part thereof.
<br /> • 7. Eminsnt Domain.Lender Ia hereby essigned ell compensetlon,awards,damages and other payments or rellef(hereinefter
<br /> NBC SU11�V�"'V�)p`r M96
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