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<br /> TIttS DEED aF TRUST.ts rt�de as af tha 2nd_daY of Decem e - •
<br /> . o .a-:;�
<br /> j �T�� Curtis L. Smith and Christiae A. Smith, husband and wife ° ���; ��
<br /> •✓ <' " whos�maDing aQdress is 8 (h�iein Tnastof.�vhetheione cr more). �'tr�"�'
<br /> � . _
<br /> � . . . the7n�es Five Peinta 8an1c� a N bwask�_Corp�'atlon --
<br /> . . ;,:�';�_
<br /> ° _ ,. `. �mnsa mai�,g adaress ts� D. Box 1507 ' Grand Island�,N E 68802—l507 (herein Rn�ee'►.and - ,
<br /> .. . . tneeenetra�yr. F e �i ts Ba k -��. =
<br /> `� .r. ;; "_ - �
<br /> �-;• �- �== �mose mam�,g a�tarsss�s�015 N. Broadwell Ave., Gra�d Is.ta nd, N E 68803. (nerern�.+enas�'?. ��,::---.
<br /> � r . ��OR VALUASLE CAN81DEEiAT[ON,indudng LenQers extension otcredit iden�fied heretn te � p r u��,e� i nc_ �
<br /> . �
<br /> ,; . �heteln'Botrawer;whetAer one or mare)and the trust herein aested.tha receiPt ". �
<br />. `T.°°.:,'%'; , of wht�is hereby admawtedged.Trt�afis hereby irtevocabty grants.transfeis.comteY�and assf8ns bo Tn,stea.IN TRUST.WITH � r�=---
<br /> POYYER OF&A/.E,far tf�e benetit and se�au�y oY LeMer.under and subjed to the terms and oonditions hereinafter sat tortb,ihe oeal -
<br /> . . '. . properiyQesai6edasfo�ows: _' -
<br />-�� ���� �� Lots O.ne �i) and 7wo I2), Hemmingsen Subdivision in the City of Grand Island, , --_
<br /> �` :,.. �. ;: Ha11 CountS►, Nebraska. --- _
<br /> . ... . t,Y f --..
<br /> . . Togetfier with a3 trr.itdirtgs.impravements,ft�s.streets.alteys.VassaSaways•easaments.dflhts.Rsio'L�9es and appurtenances �,,
<br /> `` �. ::-..�.
<br /> tocaUed therenn ar��cyvrlse peRaining theretn,a�8ia rents:issues end pcT.,�.reve�stons and remain�s theraof.end such per- —.
<br />: `: ;,_' " sanaf G�Peril►�at is a�ita�ed to tha imAravementa sa as to canstiwte a fudure.induding,but nc4 limited to.heating as�d 000ting equip� _
<br /> 't�� .'� mer�and togeMer v�(th the homest�ad o►marftat interests,ff an5,wl�ich irrterests are hereby released and waived;aB ot which.i�ud —
<br /> • � � ��, fng repiacements and aQdiUons therem,is hsreby dadared to ba e part of t�e teai estate secured by the Qen ot Ws Qeed ot T[ust and =-�
<br /> .�',,,, ' + aii af the foregoin9 being refer�ed to heretn as the'PmAeRy'. � �'.�'_�
<br /> � " � � .'3 Thts Oeed ai Tnist shaSf secure(a)ffle payment ot the principal sum and tntec�est evidenced by a promissory note ot credit agree�
<br /> , mertt date0 pg�n t� Z, 194? .h a v ing a m a t u fl t y d a t e o i��,p,�,5, �9Ag �T�:..•,_.
<br /> ' . � .'i (n fie origina!p�incipaf emount of$ • and eny and ail mediflcations,ex[ansic�s and renawab • �_'_�
<br /> ttiereo!or thereto an0 any and e11 future a ances and ceadvances to Borrower(or arry ot them it more fhan ons)hereunder pursuant
<br /> ta one•ar more p�ry��or cr�di!agresments(heretn calted'Note7:(b)•the payment o!other sums act�rdnced by LenQer� ��-"�
<br /> ';. ;•, � -;-;:
<br />';' . •• �� protect fhe secu►ity ML":e Note;(c)the perfomr�,r,ex3 oi aD covenants art0 agr�c�nb ai T�ustor set forth f�rein;snd(dj�11 present mid . f;..:
<br /> °� � � ,j tu�re indabtedness an0 oDligaBons ot Bomower�c¢Eny of them it more than one)to Lender whett�er direct.indir�ct.absotute or oonitn-�
<br /> ��.. .,.�i����.. '' . „ � . '-
<br /> . . . . ; ,, gent er�cf wnether adsing by note.Suarartry.over�raR or otl►en�lse.The Note.fhis Deed oT Tn�st an0�rry an0 eti o�er document9 it�at
<br /> secure lfie uote or otherwise executed in wnnectMn therevdth.irrotuding without UmitaUon guarante�s.secudry ag,�snents anQ
<br />'". .,�. �.�,;��.. , assignments af Ieases and renb.shall be refemed to heretn as the'Loan tnstn�menb".
<br /> ;� � TnrsWr covenanb and agtees with Lender�fottows: -
<br /> ; , � . .` �� 1. Paymont of tnde6tedness.AD indebfe�:sss secured hereDy shait bo paid when Que. '
<br /> •� �� 2. Tt41e.Trustor is the owner ot the PropeRy,has the right anA authodty w ccmrey tt►e Property,and wartants that the Uen�xeat ' � ,
<br /> � '� ed hereby Is a first and pdor Ilen on the Property.excePt for Ilens and encumbranoes set forth by Tnistor in wriWg and deltvered to • :
<br /> L�endet before execWon ot this Q�eO af Trust,and the execuUon and aetivery oi Ws De�d Trust does not violate any centract or
<br /> ' othar obtigatlon to which Trustor Is subject
<br /> • 3.Taxes.Assessments.To pay befora de9nquertcy all taxas,speclai 2ssessments and all other charges egainst Ne PropeRy :
<br /> - naw or heresfter tevteb. �
<br /> � � •• 4.fnsuranee.To tceep the Property tnsurEO against damage by fire,hazards inetuded within the tern'extended caverag�.and .
<br /> � . such other hazaMs as Lender rr.�-y require.in amouMs and w(th companies acoeptebte to Lender,naming Lender as an aEQiBonal .
<br /> �:. named insureQ.w(Ih toss payabte to the Lendar.ln case of loss under euct�potictes.the Lender is authorized te adjust.co��ect and , :
<br /> - � ' eompramtse.alf daims thereunQer and shali have the opUon ot apptying aU or paK oi the insurence proceeds(�W any Inde6tedness
<br /> � � secured hereby and in such oider as Lender mmy detertnirte.pn tn the Tn�ster to be used for the repair a�r�,.storatlon ot Ure Pmperty or •
<br /> � (i(i)for arry other purpose or obJect saUsfactory to Lender wtthout aNecting the llen ot this Oee4 ot Tr+�tor the PoU amount secured �
<br /> '. • � hereby before svoh payment ever taok place.My aApticaSons ot proceeds to indebtednass shali not ex4end or postpone the Qua date ._ .
<br /> ..�.,• � ; ,• ' . oi any payments under the Note,or aure any defautt thereunder ar hereunder. . , •
<br /> 5.Escrov�.Upon wfitien demand by Lender.Tnistor$haU pay to Lender.in such manner as Lender may deslgnate,sufficieni . .
<br /> ' ' sums to enable Lender to pay as they become due one or mere oi the tollowing:(i)ail t�xes,assessments and other charges against
<br /> • � , the Property. (ii)the premiums on the property insurance required hereunder,and(iii)the premiums on any moRgage insurence
<br /> ' . . requtred by Lender.
<br />� � 6. Matntenanee,Repairs and Compltanee v�ttb Lav�s.Trustor shatl keep the Property in gaa�condiUon and repalr.shall
<br /> - �� . � promptty repair.or reptaoe arry improvement�rfilch may be damaged or Aestroyad;shat!not commit or Parrnit any vraste or detedora-
<br /> � � - tton ot the Property;shat!noi remove,demotisb or subslanllaity alter any o!the improvements on the Prope�ty;shait not commit,suffer
<br /> •� � . • or permit any ad to ba done in or upon tAe PropeRy In viotatlon oi any law,ordinance,or regutaUon;and shaD pay and promptly dis- .
<br /> � . • charge at Trustors cost and expense alt 11ens,encumbrances and charges tevied,Imposed or acoessod agafist the PropeAy or any
<br /> . . • � paA thereot
<br /> � . . 7.Eminont Oomatn.Lender Is hereby assigned all campensaUon.awards,damages and other payments or reliei(hereinafter .
<br /> _°�.:. ;._ _.�._. _� ,s,exvaamaaabaee�a..vas �
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