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<br /> DEED OF TRUST WITH FUTURE ADVANCES
<br /> THIS DEED OF TRUST,Is mede ae of the 1�TN day of 0('TOR�R .19�L—,by end emonp�
<br /> theYrustor, OM S L FEIK SINGLE PERSON ' �l'
<br /> whose matling address is '"
<br /> .....,� ..,,..�� .c��un ur Famm (hereln'Trustor",whether one or more), �
<br /> theTrustee FIVE POINTS_ BANK A NEBRASKA CORPORATION
<br /> whosemaiungaddress�a P 0 BOX 1507 GRAND ISI.AND NE 68802 (herein�nistee�,and
<br /> the Beneflciary,
<br /> whose maiilnp eddress(s 15 N B 0 DWELL AYE. GRAND I SLANO NE 68803 (hereln•Lende�.
<br /> FOR VALUABLE CONSIDERATION,including Lendd�+r's extension ot aedlt IdenUfled hereln to
<br /> (herein'Bortower,"whather one or more)and the truat herein croated,the recelpt
<br /> ot wh�h is hereby acknowledged,Truator hereby Irrevocably grente. trensfers, conveys and assigns to Tn�stee, IN TRUST,WITH
<br /> POWER OF SALE,for the beneflt and eecurity ot Lender,under and sub)ect to the terms and wndi8ons herelnafter set foAh,tha roal
<br /> prpperty descdbed as fWlowa:
<br /> LOT TWENTY-SIX (26), BLOCK ONE (1). MORRIS ADDITION TO
<br /> THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> Together with eil buildtnga,improvementa,flxtures,stroete,alleys. PassaOeN'aYa,eaaements,righta,privllegea and appurtenences
<br /> located theraon or in anyw�se parte►n�n9 thereto,and the renta, iseuea end proflts,reversiona and romeinders thereof,end auch per-
<br /> sonal property thet is ettached to the improvements ao as to constitute a flxture,tncludtnp,but not Iimited to,heating and 000ling equip-
<br /> ment;end together w(th the homestead or maritel interests,if any,which Interests are hereby released and wahred;all oi whtch,fnclud-
<br /> Ing reptacementa end additbns thereto,Is hereby dedared to be a paK ot the real estste secured by the Iien M thls Deed of Truat end
<br /> all of the torepoinp be�ng reterred to heretn as the"Propartyl'.
<br /> TAia Deed af Trust shall secure(e)the payment ot tha pdncipel sum end tnterest evidenced b e promi note or credit agroe-
<br /> ment deted OCTOBER 20 1997 _ ,heving a maturfty date ot AI�RI L 20�998
<br /> in the oriylnal principal emount oi S 22.000 00 ,and eny and ell modiflcaUona,extenaions end renawala
<br /> thereof or lhereto end eny and ell fuWre edvancea and readvances to Bortower(or eny of them if more than ons)herounder purauent
<br /> to one or more promisaory notes or credlt egreemonb(herein calbd 'Note');(b)tl�e payment of other sums edvanced by La�der t�
<br /> protect ths securiiy of the Note;(c)the pertortnance ot all covenants end agreements of Trostor set forM herein;and(d)�11 prosent end
<br /> future indebtedneas and obligatbns ot Borrower(or any of tham if more than one)to Lender whether dfrect,Indinect,ebsolute or ooMin-
<br /> gent and whether erlsing by note,guaranty,overdreft or otherwise.The Note,this Deed ot Tnast and any and all otl�er documents that
<br /> aecure the Note or otherwise executed in connectbn therewith,including without Ilmitation guerantees,securUy eDreements end
<br /> assslgnments oi leases end rents,shall be referred to heroin es the'Loan Instruments".
<br /> Tniator covenants and agrees wlth Lender ae followa:
<br /> 1. Paym�nt of Ind�btsdn�ss.Ail indebtedness secured herehy shell be paid when due.
<br /> 2. Tltt�.Trustor ia the owner oi the Property,has the right and authority to convey the Properly,and warranta that the Ilen creat
<br /> ed hereby(s a ftrst and prior Ilen on the Properry, exce�+t for Ifena and encumbrencea set torth by Troator in writing and delivered to
<br /> Lender before executfon of this Deed oi Trust,end lhe execuGon and delivery of this Deed oi Trust does not violate any contract or
<br /> ott�er obligation to which Trustor(s subJect. '
<br /> 3.Tax��,Ass�ssm�nri.To pay before delinquency all taxes, special assessments end all other charges eQainat the Property
<br /> now or hereaRer�evied.
<br /> 4.Insuranc�.To keep the Property Insured egalnst damage by fire,hazerds tncluded withln the term'extended coverege",end
<br /> such other ha�rds es Lender mey require, in emounte end with companies acceptable to Lender, naming Lender es an eddttbnel
<br /> - named insured,wlth loss payable to the Lender. In case af Ioss und'�sall o�alrt oi the8in urence p uroceeds(i)tt any indebtedness
<br /> compromise,all ctalms thereunder and shall have the option oi epply ng P
<br /> secured hereby end In such order as Lender mey detertnine,(ii)to tho Trustor to be used for the repalr or restoratlon of the Property or
<br /> (ili)for any other purpose or obJect sa8sfactory to Lender without effecting the Ilen oi thta Deed of Trust for the full amount secured
<br /> hereby before auch payment ever took ptece.My applicattons of proceeds to indebtedneas shall not extend or poatpone the due date
<br /> '- of any payments under the Note,or cure any detault thereunder or hereunder.
<br /> �_u r..�..��..ae► In���h mannar as Lender mav desianate.6U�flC�E1it
<br /> ° $.EiC�OW.Upon written demand 'oy i.encer,ii�ioivP 5nou�.� •...-�••�-.,�. ___.. .._
<br />`�� suma to enablefilihe p emiumaeonehee operly nsurance requlre hereun'der,aind'I(if)the p emiumsnoneany ortgageenauSrance
<br />';� the Property, ( ) P
<br /> '� requlred by Lender.
<br /> �;� 8. Malnt�nence,Repairs and Complimc�with Laws. Trustor shali keep the Property in good condition a�d repair,shatl
<br /> ,� promptly repalr,or replace any Improvement which may be damaged or destroyed;shAll not commit or pertnit any waate or detedora-
<br />=-� tion of the Property;shall not remove,demolish or substantialiy alter any of the improvements on the Proporty;ahall not commR.sutfer
<br /> ;� or permit any act to be done in or upon the PropeRy in vlotetlon of any law,aMinence,or reguletion;and ahall pay end promptly dis-
<br />'?� charge at Trustor's cost end expense eli Ilens,encumbrences and charges levled, imposed or eccessed agalnst Me Property a eny
<br /> paR thereof.
<br /> -= 7. Em�nen t D o m s i n. Lender is hereb y assi gned ali campensation,awards,damages and other payments or rel(ei(hereinaRer
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