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<br /> DEED OF TRUST WITH FUTUIiE ADVANCES �
<br /> ,� THIS DEED OF TRUST,is made as of the 22N0 day of SEPTEMBER _ , 1J 97 ,by end am p�J =
<br /> \
<br /> � tneTrustar,�l,�f�'" , °T•"°� "•'� CAROL J STAUSS HUSBAND AND WIFE � �
<br /> � whose mailing address ts 47 LAKE OF THE WOUDS ST PAU L NE 68873 (herein•Trustor",whether one or more), \
<br /> � �
<br /> ;.t;,
<br /> the Trustee
<br />- whose mailing address is P 0 BOX 1507 GRAND ISLAND NE 6f3802 (herein"Ttistee'),end
<br /> . .�"';�? , the Beneflc{ary,
<br /> � ` %' whosemaiiingaddressis %���� ry oRuAun�LL �:'E GRAND ISLAND N� 68803 (herein'�ender).
<br /> ,� . FOR VALUABLE CONSIDERATION,includtng Lender's extenslon of credit IdenBfled herein to
<br /> ' �aMES . s us
<br /> := (herein'Borrower;whether one or more)and the Vust herein created,the rece�P�
<br /> ''�'"� of which is hereby ecknowledged, Truator hereby trtevocebly grants, transfers. conveys and esslgns to Trustee. IN TRUST,WITH
<br /> Ta: .��,; . poW tK u��Ai.E,ior iiin ixe�ro�i ni�d 5'vGUiity�f Lsndsr,IS(�'vY S.M�.wSS��ECL��SA tA((t}R Atld COfldIGOflS�IB�@IIIBRO�S9t�O��I,the real
<br />.`;;; .' properry described as folbws:
<br /> - �,..,.•,';�
<br />��,;;,;�,;�^ LOT EIGHT (8), WESTWOOD PARK 7HIR0 SUBDIYISION, CITY
<br /> �-..~������`?� OF GRANO ISLAND, HALL COUNTY. NEBRASKA
<br />��:i`,�)"l,�\•
<br />��'�t:�s�,i:
<br />__i���� Together with ell bulldings,Improvements,flxtures,streets,alleys,passageways,essements, rights,pdvileges and appurtenances
<br />---- loceted thereon or(n anywise pertatning thereto,end the rents,Issues and proflts,reversions end remainders thereof.and such I'�er'
<br /> �����"y� �one!property that Is attached to the Improvement�so ay to constitute a flxturo,�ncluding,but not Iimited w,heaflng and coolfng equip- _` ,
<br /> T:.R=x�,.'�n�
<br /> ment;and together w(th the homestead or marital Interests,If any,which interests ara hereby relaased rand wai�ed;eif oi whSch,indud-
<br />=--�,;,� Ing repiacements and additlons thereto,is hereby decisred to be e part oi the real estate secured by Me Ilen of this Deed of Truat and
<br />���� all of the foregoing being refemad to herein as the`Property'.
<br /> ------- This Deed ot Trust shall secure(e the payment of t�e principei sum and Interest evidenced by a romissory note or credit e9ree"
<br /> ---- ment dated SEP7EMBER 23 199� _ _ ,having e matur(ty date ot JUNE 2�, 1998 _
<br /> in the original prindpal emount ot S 106 260.50 ,end eny and ail modificationa, extensions end renewals
<br /> - thereoi or thereto ancl any and ali future advances and readvances to Bomewer (or any ot Mem if more than one) hereunder Pursuant
<br /> — - to one or more promissory notes or credit agreements(herein c�llad"Note�;(b)the paymant oi other suma edvencad by Lender to
<br /> protect the security of the Note;(c)the peAormance oi ell cavenanb and egnements of Tnistor set foKh hetein;a�d(d)eli present and
<br /> — tuture indeMedness end obllgations of Borrower(or any oi them H more tha�one)to lender whether direct,Indlrect,absolute or car►tln-
<br /> - gent and whetfier adstng by note,guarenty,overdraft or otherwise.The Note,this Deed of Tnist and any and all other docume�ts that
<br /> secure the Note or otherwise executed in connection therewlth, Inciuding without Ilmitatton guarenteos, secu�ity agreements end
<br /> ___�,�,� assignments of leases and rents,shall be refemed to herefn as the"Loan InsWments'.
<br /> � Trustor covenants e�d agrees wlth Lertder ea follows:
<br /> � 1. P�ym�nt of Ind�bbdn�ss.Atl Indebtodness secured hereby shal!be pald when due.
<br />="u��=T� 2. Title.Trustor is the owner of the Property,has tho right nnd euthoMly to convey the Property.and wartanta that the Ilen creat-
<br /> _ �-W� ed hereby Is e first and pHor Iien on the Property,except for Ilens and encumbrences set forlh by"frustor in writing end delivered to
<br /> ;:�=��ti-,.�,; Lender before execuUon of this Deed of Trust,and the executlon and detivery ot this Deed of Trust does not violete any oontract or
<br /> -_- = �r;• other obllgallon ta which Trustor is subJect.
<br />� � ' 3.Taxes,Asssstments.To pay before dellnquency ail taxes,special essessmenta and all other charges agalnst the?roperty
<br />}'`Y�•�'+°�}'�'� now or hereafter�evied.
<br />� '•.-�
<br /> - � �� 4.Insuance.7o keep the Property Insured against damage by flre, hazaNs included within the tertn 'exDended coverege��e^
<br /> -� �� such other hazards as Lender may require, in amounts and with connnania accepteble to Lender, namirsg Lender as en edditional
<br /> named insured, with loss payable to the Lender. In pse of loss under s�ch pollcies,the Lender is auNorized to edJust, colleat and
<br />- � compromise,ail ciaims thereunder and shall have the optlon of applying a�l or paR of the insurance proceeds(1) to any indeDtedness
<br /> � secured hereby and in such order as Lender may detertnine,(II)to the Trusta to be used for the ropair or restoratian ot the Properly or
<br />-_ ; (III)for any oMer purpose or obJect seUsfactory to Lender wlthout effecting Ihe Ilen of this Dead of Trust for the full emount secured ��+-
<br /> hereby betore such payment ever took place.Any applicatfons of proceeds to indebtedness shall not extend a postPo�e the due dato ��
<br /> _�`Y�'� +..��.. .'l�R
<br /> . "4,�j�y,,.;r, 01311y(k3yR1@fITS U��ef the i�iote,or cure any tininun u�oiiin+67 vi i�o�w�.va„ •,,�
<br /> . 5. Escrow.Upon written demand by Lender,Trustor shell pay to LercJer,in such manner as Lender may des{gnate,sutficient �,7,
<br /> . •� sums to enable Lender to pay as they become due one or more oi the foltowing:(i)all taxes,assessmenta and other charges against
<br />-- �� the Property,(ii)the premlums on the property insurence required hereunder,end(Iii) the premiums on any mortgage insurance ,,.
<br />= . requlred by Lender.
<br /> = 6. Malnt�nanee,Rapaln and Complianc�wltA Laws. 7rustor shell koep the Property In good conditlon and repair; shelt
<br /> promptiy repalr, or replace eny Improvement which may be damaged or dosaoyed;shall not commit or permit any waste or dete�laa-
<br /> = don ot the Property;shall not remove,demotish or substantialiy after any ot tl�e Improvements on the Property;shall not commit,suffer
<br /> or permit any act to be done In or upon the Property in vioiatlon of any law,ordinance,or regu�aUon;and shall pay and promptly d(s-
<br /> r charge at Trustor's cost end oxEsense all Itens,encumbrances and chargea lovled.Imposed or accessed e9alnst the Property or any
<br /> . � part lhereof.
<br />- 7. Eminent Domain.Londer Is hereby assigned all compensaUon, awards, damages and other payments or rellef(hereinafter
<br /> f NBG Sq/IMmqKWY O�MINti kYE
<br /> . O�%7 Nrau1lWr dCuimraTnix r+0 6�.rqf ufarmn.t�mh lNM�fu
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