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<br /> DEED OF 7RUST WITH FIJTURE AD�/AN�ES
<br /> THIS DEED OF TRU8T,ta m�de ae ot the 4th day oi_ NoVember ,19 97 .by and amonp
<br /> theTruator, William D. Dle�sner, a sinale �erson �
<br /> whose maitinp address ts 573 East 19th, Grand Island, ME 68807 (herein'Trusw�',whether one or more), \°
<br /> the Tn,stee Five Points Bank a Mebraska Corooratton
<br /> whoae mailing addreaa Is P O Box 1507, Grand I sland NE 688Q1-7 507 (harein Trustee',end
<br /> the BeneflGery, Flve Points Bank
<br /> whose meiling edc�resa(s 2015 N Broadwel l, Grand I sland N E 68803 (herein'Lender).
<br /> FOR VALUABLE COti3IDERATION,inGudh�g Lender's extensfon of cred(t klenU}led herein to
<br /> Wllliem D ��gg�Per a sin91�oerson — —
<br /> (hereln'Bortower;whether one or rnore)end the Wat hereln creatad,ths rocelpt
<br /> oi which la hereby acicnowledged,Trustor hereby Irrevocably grents,trenatera, conveya and essigna to Trustee, IN TRUST,WITH
<br /> POWER OF 3ALE,far the beneftt and aecurity of�ender�under and subject to the terma and condltions herelnaRer eet brth,ths reat
<br /> l�t�t�;sls3c�b�!as fe!!�:!�s:
<br /> Nest Twenty-seven (27� Feet of Lot Eight (8) and the East Thirty-four (34)
<br /> Feet of Lot Nine (9) Block Three (3), Blein Additiort to the City of Grand Islend,
<br /> Hall Cc�unty, Nebraska.
<br /> Togethsr with all buitdinga,improvemente,flxtures,atreate,alieys,passegewaye,easements,nyhts,privife�ea end appu�tenanc�es
<br /> bceted thereon or(n enywiee pertaininp thereW,end the rents,iasues and protite,roverobns and rematnders thereof,and such per-
<br /> aonal property that ia attached to the tmprovements so as to consdtute e fixture,Including,but not Ilmitad W,heatlnp and caoiinp eqWp-
<br /> ment;and topsther w(th the homeatead or maritel Intereats,It any,wh�h(nterosts ere heroby released and wahred;aM ot whk;h,includ-
<br />- i��y reEri�wrr�enta and eddiUons thereto,is hereby�eciare�i to be e part oi tNe reai eatete see�ti�by the fien ot thla Deed ot Trust end
<br /> all of ths forspoln�beinp refe►red W herein as the"Propsrt�!'.
<br /> This Deed oT Truat ahall sscura(a)the payment�of tha princtpal sum end intero�t evidenoed by a promissory note or crudit apree-
<br /> msntdsosd November 4. 1997 .havingamsturitydateot n�*^�+��' 30� i9ae _
<br /> in ttw oripinel pHncipat amount ot S 15.U00.00 _ , �nd any�nd all modiNcaUona, exterasio�►a and renewe(s
<br /> thereot or theroto end any and all future advancea and readvancea W Borrower(or any d them if more then one)hsreunder pursuant
<br /> to ane cx mora prom�ssory nota3 or credit egreements(hereln calied"Note');(b)the payment oi other sums ed+rerxed by Lerxier to
<br /> protect Uie security of qie Note;(a)the pertormance of ell covenants end agreements of Tmstar set forih herein;end(d)slt present and
<br /> future Indsbtednes.s and obli�atbns of Borrower(or any ot them It more then one)to Lar�du whether direct,indiroct,ebealute or oontln-
<br /> �ent and whether arbing by note,pua�anty,overdraR or otherwise.The Pfote,this Deed of Trust end any and all other documents that
<br /> eecure the Note or otherwise executed fn connectbn therewlth, including wlthout Iimltetion guarentees, secudty epreements and
<br /> aasipnmenta ot leaaea and renta,ahall be refemed to hereln es the'Loan Instrumenta'.
<br /> Trustor covenants and egrees with Lendar ea toltows:
<br /> 1. Paym�M of Ind�bt�dn�ss.All indebtedness secured hereby shail be paid when due.
<br /> 2. TkN.TrusWr is the owner of the Property,hes the Hght and authorfty to convey tlie Properly.and warrants that the Ibn croat-
<br /> ed hereby(a a Rrst end prior qen on the Properly,except for Ilens end encumbrances set forth by Trustor in wri8ng end delhrered to
<br /> Lender before execuVon of this Deed of Trust,and the executton and delivory nf thls Deed of Trust does not vlolate any oonVact or
<br /> other oblipadon to which T�ustor ts subJect.
<br /> 3.Tax�s,AssasnNnb.To pay before deltnquency all taxea,speclal assessmenu and all other charpes against the Property
<br /> now or nereaner levtea.
<br /> 4.Insuane�.To keep the Property insured against damage by flre,hazards Inciuded withln the tertn'extended wverage',end
<br /> such other hazatds as Lender may require, in emounts and with companfes ecceptable to Lender, neming Lender as an eddiUonal
<br /> named insured,with loss payabie to the Lender. In case of loss under such policles, the Lender is authorized to adjust,coliect end
<br /> compromtse,all clalms thereunder and shall have the option oi applying ali or part of the Insuranoe proceeds(i)to any indebtedness
<br /> secured hereby and In such order as Lender mey determine,(fi)to the Tn�stor to be used tor the repair or restoraUon ot the Property or
<br /> (Ilq for eny other purpose or obJect esUafactory to Lender wfthout aftecdnp the ilen of tiis Deed of Trust for the fuli amount securnd
<br /> hereby befora Fuch payment evor took place.Any applk�tbns ot proceeds to indebtedness shail not extend or postpone the due date
<br /> of any payments under the Note,or cui�e any detauft thereundor or hereunder.
<br /> fi F�r.rnW. l Imn u/rlMun rlomnnrl hv 1 nivinr Tn�nMr ohntl nnv tn Lander. In such manner AS Lender rttaY deSlGnste.SU�C�It
<br /> -' ---•--•- -•-.. ....�..__..�.._ _� �..--•• ••---' --•-••�-• -- -- •
<br /> sums to enable Lender to pay es they become due ono or more of the tollowing:(i)all texes,assessments and other charpes apatnst
<br /> the Property, (li) the premiums on the property Insurance required hereunder,and (ill)the premiums on eny moKgago insurance
<br /> requlred by Lender.
<br /> 6. Malnbnanct� R�pain and Com�llanco wtth Laws.Trustor shall keep tho Property In good condition end repair, shail
<br /> prompUy repalr,or replace any improvement which may be damaged or destroyed;shall not commit or pennit any waste or detertore-
<br /> tlon of tho Property;shall not remove,demolish or substantialy alter eny oi the improvements on the Property;shall not oanrnit,sufter
<br /> or pertnit eny act to be done I�or upon the Prope�rty In vblation of any law,ordinence,a regulaUon;and shail pay and prompUy dis-
<br /> cha�ge at Trustor's cost and expense ali llens,encumbrances and charges levied,Imposed or acoessed egainst the Property or any
<br />_ paK thereoi.
<br /> T. Emin�nt Domaln.Lender Is hereby essigned all compensatlon,awards, damages and other payme�ts or relief(hereinafter —
<br /> �ee�si n.,n�nn..r o..oi w.sr9e
<br />- V�nw�wrwrow.nwo�NiwSb�p�lUwcf�on.lfccRN�bWu
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