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<br /> DEED OF TRUST WrTH FUTURE ADVANCES +
<br /> THIS DEEQ OF TRU3T,Is mede es of the 30th d�y of OCtObBP .18 97 ,by end ertiap�
<br /> ----•
<br /> theTruator, Shawn D M ssersm4th b Carol B Meccersmith� huchanA anri mife . �
<br /> whose mailing address(a_ 404 N. Grace A�e.. Grand Isl and. NE 68803-45(BOrein'Truata',whetherone or ma's), \
<br /> theT�ua�e Five Points Bank. �Nehrac�a �nrnnrati0�
<br /> wtiose mailing address Is P 0 Box 150T. Grand Isl and, NE 68802-1507 (herotn•rn,stee7,end
<br /> theBeneftclary, Five Points Bank. a Nebraska Corporation __
<br /> whoae maliln�address fa P 0 Rnx t 507� Grand 1a7 and�NF 688[1?-1�[17 (herein'Ler�da").
<br /> FOR VALUA6LE CONSIDERATION,Including Lender's extenston at credit Identitied hereU to�h�Wn n �+�cprcmi t b
<br /> ('arnl R Mc�ccnremi+hr hiiehand �d mi,�p -
<br /> (harein 'Bortower,'whether one a mae)and the truat hereln croeted,ths►eceipt
<br /> oi whidi is hereby edcnowledDed.Trustor hereby irrevocably prants, trensfero, conveye and eaaigna to Tniatee. IN TRUST.WITH
<br /> POWER OF SALE,for the bene8t and eecurity of Lender, uncfer ena subJe�t to tlxr txma and conditions i»rsirwi'oer esi:aa+.�w�+ai °
<br /> ProPerty de�c�tbed aa follows:
<br /> Lot One Hundred Twenty-Eight (128), Belmont Addition to the City of Grand Island,
<br /> Ha11 County. Nebraska.
<br /> Lot Two (2), Kallos Subdivision. in the City of Grand Island. Ha11 County, Nebraska.
<br /> Topsthsr with 8A buildinge,Improvementa�flxturoa,streets�alteYs,Passepeweys,easementa�dphts,Privileqe��nd�PP�d
<br /> bceted therson or In enywise pertalninp thereto�end the ronb,issues snd prolibs.rovenion�end ron�kKNra thsreof.and auch Psr-
<br /> aor�al property dut is atteched to the Improvsmsnts so s to constltute a Axturo,k�cludk�g,but not IlmifAd to,hsatkp�nd r.aolk�equip�
<br /> menh�nd to�ether w1tl�ths homesteed or madtai inters�ts,N any,wh�h Interab ero hereby rel�arsd and waiwd:w a wnra,,kidud-
<br /> (np nDlacerrbnb and addido�a thersto�is heroby deGareti to be e paR of the real s�tate aecured by the Nen oi this Desd of Tnnt�nd
<br /> sN of ths torepolnD bNr�roterted to hereki ae the'Property.
<br /> This Deed of Trust shsll�ecuro(�j ths peymsnt of the Pn�Pol wm�nd Intsrat svidsnced by a pranissory not�or cndit pne-
<br /> mentdated (Irtnhar �0 iqg� .hevinps meturitydeteof �ii� 1� 140A
<br /> tn tha aipinel principel amount of S?��i.noo_nn . end eny and a9 modiRcation�,exteneions and nr�waK
<br /> q�eroci or 1heroEo and any and ali futu:e advAncea and readvances to Borrower(or a�iy d them ii more than one)f�ereund�r Pu►went
<br /> to one or more promkso►Y ndes a crodtt epreements(hereln celled`Nata");(b) the PeYment oi othsr sums�dvancad bY Ler�to
<br /> Qrptect fhe securily of the Note;(c)the pe�formance oi ell covenants and agreemente of Truator set forth herein;md(d)all prosent eu�d
<br /> {�qiro�nde�edness and oblisedons of Borrower(or eny of them if more than one)to le�der whether diroct,indiroct,absoluls cx oonUn-
<br /> gsnt and whether erisir►p by note.pueranty,overdreR or otherwiae.The Note,thls Oeed W Trust and eny end all other docue�srtb tfwt
<br /> aecuro the Note or otherwiae axecute�i in connectbn therewlth, tncluding wlthout limitation guarentees,aecu�iry aproemente end
<br /> esslgnments ot baees and ronta. shall ba referred to heroin es the"LOan InsVumenb'.
<br /> TruaDor covenants and eprees with Lender ea fdbws:
<br /> 1. Paym�nt ot Indrbt�u.All indebtedneas eecured hereby shall be patd when due.
<br /> 2. TNN.Trustor ta the owner oi the Properly,hae the dght end authority to c�nnvey the PropeRy,end wetrente ihat tlie Nen aeat-
<br /> ed hereby Is a tlrst and prior Yen on the Properly,except tor Ilena and encumbrances set fprlh by Tnistor In writinp end deliverod to
<br /> Lender before executbn of thla Oeed of Trust,and the execution and delfvery of this Deed of Trust does not vblate eny contract or
<br /> other oWigaUon ro which Trusbr ia subJect.
<br /> 3.Tax�s,Ass�asn�nb.To pey before delinquency all texes,special assessments and all other charges against the PropeAy
<br /> now or hereafter levied.
<br /> 4.Insuranc�.To keep Nie Proporly tnsured against damage by flre,hazarda Included withln the term"extended covera�e',and
<br /> such other ha�rds as Lender may r�qulre,in amounts and with companiea ec.ceptable to Londe�, naming Lender as an addittonal
<br /> named Inaured,with loss psyeble to the Lender. In case of bsa under such pollcies. lhe Lender is euthorized to edJust,ooliect and
<br /> compromise,eli clalms thereunder end shall have the opUon of applyinp alt or part of the ineurance pracesd�¢)to ony Indebtedneas
<br /> secuttid hereby end in such ader es Lender may determine,(il)to the 7rustor to be used forlhe repair or restoration of the Property or
<br /> (Ili)for eny other purpose or obJect saUsfactory to Lender wlthout efFectiny the lien of thls Deed of Trust for the full amount secur+ed
<br /> norahv before aueh aavment ever took place.Any applfcatbns of proceeda to Indebtedness shall not extend or postpone the due date
<br /> of any payments under the Nole.a cure any defauit thereunder or hereunder.
<br /> - 6. Eserow. Upon w►itten demend by Lender,Trusta shall pey to Lender, in such menner es Lender may deaignate, sutflciant
<br />— sums to enable Lender to pay as lhey become due ane or more ot the following: (q ell texes,assessments and other cherges epainat
<br /> - the Property, (11) the prnmiums on the property insurance required hereunder.and (III) ihe premiums on any mortgage insurance
<br />= roqWre�Dy Lender.
<br /> - 8. Matnbnanc�, R�p�lrs �nd Complitnc�with laws. Tnistor shall keep the Property�n good condition and repalr;shall
<br /> � promptly repalr,or replace e�l improvement which may be damaped or destroyed;shall not commit or permit any waste or deteriore-
<br />;� tion of the Propertyr;shail not remove,demoileh or substentlatly eiter any ot the improvements on the Property;shall not cammit,suffer
<br /> - or permit any act to be done In or upon the Property In v(olatlon ot any law,ordinance,or regulaUon;and shall pay end promptly dis-
<br />,.;� charpe et Trustor's cost end expense all Ilens,encumbrances and charges levied,Imposed o�accessed egalnst the Property or sny
<br /> ,� paR thereof.
<br /> ° 7. Emintnt Domaln. lender is hereby assigned all compensatlon,awards,darnages and other payments or relief(herohafter
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<br /> �� �ec�sr�NOn.v�w►+oMa)n«,r.Aa
<br /> o�oee wYa+r ew acmn,�urn,u.ro s.�+w�.�«..wn.inoor+.rwa.u.
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