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<br /> �'''" DEED OF TRUST WITH FUTURE ADVANCES
<br />_'';;s�i° . ��o
<br /> v��'-` \�
<br />,.�r'�'�Z'� THIS QEED OF TRUST,Is m2de as mTthe 12TH day ot SEPTEMBER ,19 97 ,by and among
<br />- ' ick S. Johnsv & Patri�7a A.�o�n, H s an an e oug as C Tt�a�d She�^ri L. Luth,
<br /> ' �'r �sh�nd and W��e, as Tenants 9n Common AI�D Centr�l Waste Disposal, fnc.� a �ebraslca
<br />..�t...,:.'> tfie ��r .
<br />__�....:
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<br />--`,Y��:� herein'Truato�'�whefher one or nw►e).
<br />�`:.,;,;;;Y1 whosamailingaddressis 1905 Hnlland Driyp Grand Ic]�n NE 688D�,_(
<br /> �-"'-�--- Five Points Bank, a Nebraska Corporation
<br />—__ _ the Tn,atee
<br /> '�''''�a wnose moiling addreas�s P 0 Box 1507 Grand I sl and NE 68802 (heretn'Truatee'),and
<br /> -- —; theBeneflciary, Five Points Bank
<br /> � whose mailinp addreas is F•i ve Poi nts Bank (�°�^'�Q'�°�"�•
<br /> FOR VAI.UABLE CON3IDERATION,Includlny Lenders extsnslon of asdR IdentHbd horoln lo Ri c k S. Johnson � Patri ci a
<br /> - A Johnson 6�yglas �._ uth_b Sher�i L Luth & Central Wast 4�.4.
<br /> (heroln'Bonower;whuther one or moro) and the tnnt hsroln croeted,the rsc�lpt
<br /> ai:�hlcls!e ts!�rQ!+;!M��!9!�� Tn�stor hereby Ircevocably granta. UanaTers.convevs and asafpns to Tru�tse, IN TRUST,WITH
<br /> POWER OF SALE,for the beneflt end eecuHty ot Lender,under end subJect to the terms and condklorn heroinatt�r�et Torth,tns rsN
<br /> property deac�lbed aa follows:
<br /> THAT REAL PROPERTY SET FORTH ON "EXHIBIT A" ATTACHEO HERETO AND
<br /> MADE A PART HERETO BY R�FERENCE
<br /> Together with all buildings,ImprovemenW,flxtures,streets,elleys,passageways,easemenb, righta,pr(vlleges end appurtenances
<br /> located thereon or in anywise pertaintng thereto,end the rents,tasues and protlts,reverslons end remainders tf�ereot,end euch Px
<br /> sonal property that is ettached to the improvementa so as to constltute a Axture,Inciuding,but rat Iimited to,heating end�oo��n4 e4�P-
<br /> menh,and together w(th the homostead or marital intereats,if any,which Interests ere hereby released end weived;eN o1 which,N�dud-
<br /> (ng replacements and edditbns thereto,la hereby dedared to be e pa�t of the reai estate secured by the Ilen of thts Deed o(Trust and
<br /> ell of the forApoinp being referred to hereln as the'Propeiiyr.
<br /> Thls Deed of Tniat ehetl aocure(a)the paymsnt ot the pdnGpel sum end tnterest evidenced by s Pron�taory note or uedn�pr°°"
<br /> ment deted CFPTFM� l 9 i 1 QQ7 ,havfng a matudty dete of CF PTFMRFR �(�, �AOK_,
<br /> in the aigtnal pdncipel amount ot S 552.625.13 .and any end a11 modtHcatlona,extenabno and renewMa
<br /> thereof a theroto and any and all future advancea and readvances to Bonbwer(a any ot them it moro than one)hereunder pursuaM
<br /> to one or more promissory notes or credit agroements(herotn called 'Note7; (b)the peymeM ot other sums edva�ced by Lender W
<br /> proteet the eeeurity ot the Note;(e)ths pedormance ot ell covenenta end egraementa ot 7rusta eet fo�th hereln;and(d)ali preeent and
<br /> tuwre Indebtedneas and oblipatlons oi Borrawer(or any oi them K moro fhan one)to Lender whether direct,tndfroct,etxduts or contln-
<br /> gent and whether adsing by note,guaranly,ovardraft or otherwiae.The Note,this Oaed of Truat and any and all other 6ocixnents lhat
<br /> secure the Note or othervvise executed in connecUon therewlth,Inciuding without Ilmitation guarentoes,secu�ity a9ree►►�enta and
<br /> eRSignments of leases and rents,sheli be reterred to heroln es the'Loan Inatruments'.
<br /> Trustor covenants and agrees with Ler�der es tollowa:
<br /> 1. Payrn�nt ot Ind�bt�dn�ss.A!I Indebtedneaa secured hereby shail be pald when due.
<br /> 2. Tld�.Trugtor ls the owner oi the Property,haa the rtght end authotky to convey the Property.and warrenta that the lien croet-
<br /> ed hereby is e ftrst end ptlor Ilen on the Property,except tor Ilena end encumbrances aet forth by Trustor in wriNng and deUvered to
<br /> Lendar befae axecuUon of this Deed oi Trust, end the execuUon and delivery of this Deed o(Trust doea not violate eny conVad or
<br /> other obtigaGon to which Truator Is subJect.
<br /> 3.T�x�s,Aswssm�nts.To pay before deilnquency all taxes, special assessments end ell other charges egalnst the Property
<br /> now or heresfter levled.
<br /> ----------- 4.Insuranc�.To keep the Properly Insured t�gainst demege by 8re. ha=arda tnduded wNhin the term"extended caieraps',a�d
<br /> such other hazerds aa Lender may requke, In emounts and with companiea exeptabie to Lender, neming Lender as en additional
<br /> namgd Insured,wfth loss payable to the lender.In case of loas under such polides,the Lencier is authodzed to edluat,collect end
<br /> oampromise,all daims thereunder end ahall have the optlon of epplying all or part ot the insure�nce proceede(I)to any irxle�tedness
<br /> aecured hereby and fn such order as Lender may determine,(fi)to the Truator M be uaed for fhe repair or rsstoreHon of the PropeKy or
<br /> (III)tor any other purpose or obJect aadafectory to Lender wlthout efrectinp the Ilen of this Deed of Trust for the fuB artwunt�acursd
<br /> . .
<br /> ..I.s(...��unh nevmnnt avnr trv�4 nlnr� env n.�n���e,n■nf nnne�.da m►ndabtedneaa shail not extend or poatilono 1he dub data
<br /> �wr7��.�.���..r�>...�...�.�. .��"�..._�"'y -rr..____'._ ' _
<br /> ,-- = ot any payments under the Note,or cure any default thereunder or hereunder.
<br /> - � 6. Escrow.Upon writtan demand by Lender, Trustor ahall pay to Lender,In such manner as �ender mey desf�nab.au��
<br /> --_ — aums to enable Lender to pay aa they become due ane or more of the foliowing:(i)al)taxes,es�essments and othet Charpee a981�g�
<br /> -__=°'- the Proporty, (Iq the premiums on the property Insurence required herounder,and (Iil)the premiums on any mortgape Insurance
<br /> -- __= _- required by Lendor.
<br /> "�� 6. Malnt�nanee, R�paln and Compllanc�wlth L�ws.Trustor shsll keep the PrAperty In good conditlon and repalr, sholl
<br /> �`�;W� promptly repafr,or reptace any Improveme�t wh�h may be damaged or destroyed•shell not commit or pennit any waste or deteriora-
<br />.:_�s;.�t�a tlon of the Property;shall not remove,demollsh or gubstantialiy aher any oTthe Improvementeon the Property;shalt not commR.suife�
<br /> ��:- �;;��;:, or permit any act to be done In or upon the Property In violetion of eny law,ordlnance,or regulaUon;end shall pay and prompUy dls-
<br />`��"'«*��; charge at Trustor's cost and expense eN Ilens,encumbrences and charges levled,imposed or axessecl egalnst the Properly cx any
<br />�;;µ���.�"� paRther+eof.
<br />:.„,.�� 7. Hmin�nt Domaln.lender is hereby assigned all compensaHon, awards,damages end other payrrwnte or re1tEt(hersinaRer
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<br /> 6+sm wunw orr a camwatnn�w 6w.,p�Nwa.ua�.u+ron Neonw . `.-.,•
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