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<br /> ' _o ` 11itS DEED 0�TRtfS7.is ma�e as of tlie 18TN c9ay af NOVEMBER .19 97 .try and among� �rf==-
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<br /> ''''�' �-��,�L`�+-�=' tlteTntsUer. GRE6 A MEI.SEN_��IQ K,flRFN MiLSEN HUSBANQ AND WIFi - •Q' __.--
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<br /> . ,MwsemaipngaQdressis 64? E ASN70N AYE GRAND ISLAND NE 688Q! (herein�nisto�".�uhettueronsarmmey. �M
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<br /> � �.:<..;:,``���: theTnrstes FIVE POINtS BANK ' A NEBRASKA CORPORATION .
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<br /> � , �g��g��� • P 0 BOX I507 6RAND ISLA��O NE 69902 (t�ratn'Tr�s'},and _
<br />- l ' 4'� , ' the88nefIci8ly. FtY AOIN7 RA��v �:_:�
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<br /> .,•`:►.�. _��;., fOR VALUABI.�CONS[DERAT[CK,inrdudu►g Lender's extension af credit identffled heretn tn � ��
<br /> ` • 6REG A. MELSEN AND KAttEN MELSEN � ��-=
<br /> (herein'Bortower,'whetlter ons ur rrtore)end ttte trust heredn ireffiEd.flte recai�t �-;
<br /> '-�;;�;,-��-:�:w;;.��=f of wt�fds�S hewby adasowtedged.Tnrs�hereby imewrabfy grants.UaRSf�r�.conveys and asslgrts to Tr�s3ee.(N TRUST.WRH �=
<br /> • . � . POWER OF 8AIF.tor the benefit and s�urity ot Lertder.under ar�0 subject t,o the terms and car��tIoms RereUtalDer set fartt�,the cea! �.:
<br /> , .` . ,. proD�lldescxibedasfoRovt� � ��
<br /> LOT SIX (6}, 6LOCK 7HREE �3), MEIiFS FIRST ADUITI04J TO � �-=_-
<br />:_ ` ' . . � � � TNE CI?Y OF 6RAND ISlRND, HALZ COUNTY, NEBRASKA� _°-_�=�
<br /> - ; . . �_
<br /> ,� � Togett�u�ith att huUdtngs.imprtvamants.ftxtures.streets.aLayss P�S�Yg.easemenb,�5�.PrlvAeges and apa��n�rtces �. ,
<br /> `• !��� �- (cpted therean or in anywise pertaining C1areD�.and tha rents.issues and profits.reverstons and rematndeB thereol.an4 s.�Ct per- [.�:�"-.
<br /> - . , '�.`�; sunal proparty lhat is attached to the tmproveme r d s so as t o ee n§t t t u t e a fl x W r e.t n c lu d i n g.b u t n o tti;nited to.heaUn g and�o t�►g e q u l p� R�,_
<br /> ine�amd tngsther with tl�to homestead or marttal interests.if any,whtci�Interests are hereby reieassd and w2,'��af1 ot whtch.irtc�ud- -
<br />= � .� � ' , tng reytacements ana addiUona thereto.ts hereby dedared to be a part oi�e reat esTate secured by ths ti�n of tMs Dee4�Fnist artd ,�f_
<br /> . -- an a4 the foregoing tretng referred to harein as the`Propsrt�'. ' °__;
<br /> � � This Oead oi Yn�st shaU secure(a)oie paymerit af the prfic�pal sum an�interest evidencEO�y a romissory nate or credft agre� Md .-_
<br /> � • ' mentda�ed NOVEM9ER 18-1997 � .havtngamaturitydateaf NOYEM�ER 24, 20Q2 . . "`"'
<br /> �, � : . �� . .... . tn tha origlnat pdnclgal am�:mt af S�1;�Q0_�0 � .and enY and ep modiR�attans.extenstans and renewats• , — _-
<br /> • ' thereoi or thereto and�ny�0 all fuUrr�advances and readvanoes to Borrower(or any ot thgln it more than one)hereunQor pursuant ��_'
<br /> - " '�� ta ane ar more promissory notes or cr+e�it agreements(herein called°Noterj;(b)the payment oi ather sums advanoeal by LenQec to . -
<br /> - �`� protect the secudty ot tha Note;(c)the parfonnancs ot`aU covenants a�d agreemqr�af Trustor set�orth her�ein;and(�a11��t and , __--
<br /> :� . , , tuture irtdebtedness end obftgatiorts o!Borrower(or any of them tf mor�a than one)tol.ender whether Qir�c�lndireW.absotnt�or oo�tlrt. ' ==='-
<br /> - • ° gent and vfiether erising by note.g�arenty,everdraft or othenxise.The Nota.t�is Deed of Trust and any and alt a�er doarments tl�ai `T�_
<br /> - � �. seeure the Note or otherwtsa executed in conneetinn therewith,tncluding wffhout QmltaUon guaranteas.segr.:2y agreements and --=
<br /> ; ` • . � asslgnments ot teases and�ents,shall be referred to Aerein�s the'Loan fnabuments'. �. �-t�:
<br /> °. . � " Tn�stor covenams arM agrees wttn LenQer as toitows: ���
<br /> �` � � � . 1. Paymarn of IndeDtedns�.AII Indebledness secu�d hereby shall be patd when due.
<br /> � • . • � 2. Titfo.Tntstor is the owner of the PropeRy.has tAe d�t and authoriry to comrey the Property.and warranb ti�at the qen creat �.�.'>.
<br /> � ' � ed heroby ia a first and�3tar lien on ths Property.except tor liens and encumbranoes set foM hy Tn�stor In w8tlng anA deiivered to
<br /> - . � • , Lender betore execWcaa cE lhts Qeed at Trust,and the execution and delivery oi this Oeed ot Trust does�ot vlolete ar►y wrttrad or � �•
<br /> • � . . .. ather o6ligatton to whlch P�tistor is subjed. � .
<br /> - • . 3.Taxos,Assessrnents.To pay betore deiinquancy all taxes.sAoclal assessments and all othe►charges against the PropeRy .
<br /> - • . now or hereaft0r tevled.
<br /> �� � � . 4.fnsuraneo.To keep the Property insured sg�r.st damage by fire,hazands IncluQed within ths tertn'exter�ded coverag�',and
<br /> � such other har�rds as f�ander may require,in esraec:cs and wltA�mpaNes accept�bte to Lender.naming tender as an a0�ittcnal
<br /> - - ' named Insured,wlth la�p�ysble to the Lenaer.trt qse of Ioss unQer surh pollcles.the Lender is authoriz�d to a0just,cotiect and
<br /> �. . , aompromiss.atl�taims Csareunder and shall have the option of apptying atl or part o/the insurance prooeeds(�U�any inde�tedness
<br /> � . � . . securod hereby and in such order as LenOer may determine,(If)to the Tn�stnt to be used for the repgir or restoraflon o!the Frbperty or
<br /> (it�far amr athor purposo or obJect saUSfactory W Lender wfthout aftecUng the Ilea o!this Oeed of 1Yust for the full amount socured
<br /> . � � � . hereby befote suct�payment ever tooSc ptar,e.My applicaUons W praceeds M InQobtednes9 shail not extend or pos�ona the duA deto
<br /> _ , � . ot any payments under the Note,or cure any datautt ther2under or hereunder. �
<br /> ��' � 5.Escrovi.lJpon written demand 4y Lender.Trustar shait pay to LenQer,in such manner as Lender may destgnate,sufficlent
<br /> " sums to enable Lender to pay es they beCflme due one or more of the follovrfig:(i)atl texes,assessments and other eharges agains!
<br /> . ' • the Property,(p)the premiums an the property Insurance requirad hereunder.and(UI)tho premiums on any moRgago tnsurance
<br /> � required by LenQer.
<br /> � • � � 8.t1)atntortanee.Ropairs ana CompHaneo�dth Lar�s. Trustor shall keep the Property in good conditlon and repair.shail
<br /> ' , •� " � promptty repair,or reptace any improvement wtilch may be damagad ot destroyed;shall not oomm!!or permit any waste or deteriora- .
<br /> � . . � dan oi the Property;shall not remove.demolish or substanUatty alter eny of fhe improvements an the Properly;shatl noi commtt,suffer
<br /> � • ' � or permit any act to be done in or upon the PropeRy in viotaUon ot any tavi,ordinance,or regutaUan;and shaU pay and promptiy dis- ,
<br /> � . charge at Trusta�s cost and expense all liens,encumbrances and charges tevied,imposed or accessed agatnst the Property ar any
<br /> , . � . peR there6L
<br /> . � 7.Eminent Qomatn.Lender is hareby assigned afl eompensatton,av�ards.damages and otf�er payments or retiet(hereirtafter
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