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<br /> ` ' � Ttits OEE�oF TttusT.ts made as af ine 2nd day of Oecemb� .19 97 .ey�ana amcng c .
<br /> - �,.• -
<br /> .� , ,' the Trustar. _ -
<br /> . `�`J;• vfiose ma�ing addcess is P 0 Bflx 91� Grand Isl d uE 688d? (herein'Trusto+'.vyhether one ormore). . _
<br /> �'. , , -
<br /> • n � .. CO O tO `
<br /> the Tntstee
<br /> - .' ��� :::-. erein'Ttustee�.and --
<br /> � v�hosgma�ir,gadmessts P.O. Box 1507 Grand Island NE 68802 � __
<br /> ��' �4 : maesneftc�ary. Five �Points Bank a Nebraska Cor oration ����� _-_
<br /> ..-}! �� - °� Grand Island NE 68802 (
<br /> ' ° �`�� whose maung address is P.O. Box 1507 =-
<br /> , , -
<br /> Elnma Inr�__
<br /> FOR VALUABLE COM3I�ER�►7 I O N,i n c t u Q i n g L endeds extension ai credd identlfi�d herein to C R P s, 3---- �,.._-�
<br /> ;', .• - �.-
<br /> • ;;'':'.�1�'.` (he[e1n'Borrower.'whether one or mwe)and the Ws4 herein crea�0.Uee ceceipt p:"=` `
<br /> _ , . •°�,4�`,,:• , oonveys and asstgns to T�.IH►.7RUST.WiTH .
<br /> � , ,`• .. :. of w}�ict�is hereby actmowtedge4 T�ustor hereby itravocabty granfs.transfeis. or� t� .'�"`�
<br /> , ` f�� . �• POVYER OF S�1LE.for the benefit an�seiair�of Lender,under and s bjed Lo ttte terms and wndiHons hereinafta set� V S'10},
<br /> .''. `"'`'.'`��� :� � n -To10 (22),
<br /> • ra nydasc�bedasfonm�x Lot Five l�) Block Twa �2� Ponderosa Lake�DtL�tST e�ty Subdi'i �`=__.:
<br /> �' r` an addition to the City of Grand Island, Hall County, �tebrask
<br /> � . in Block 'i'hree t3) Second Addit�o�Nf�NE��cof Section�TwentyeEightdt28)io'�awnshipiEtevenNl 1)�c* � ��
<br /> � ` :'� Quarter of the Northeast Quarr2e _ �
<br />, ', . � . " North �an�.�t�i�e �9� 4lest of th 6tb P.M., in Ha11 County, Nebrasl� �_,
<br /> • . ... T��e er a w dl g .improvemerds.�xWres.streets.alteys,passaSewails�easements. 9��•pmrileges and apP�nanc6s . ��:,,:::.�::
<br /> �� '�� ��''� � laceted theteon or In anywisa peRaining therem.and the rents,issues and p�.reversions and rematnders thereoi.and such par- ��__
<br /> � ' sonai pcoperty tha!is attach�d to the improvements so as W constltute a fbchire,inctuding,but not Iimite0 to.heaBng anA 000ting eqWo- �,.s.:
<br /> ' � ,� ����`, me�and together with the homestead or mar�tai interests,i1 any.whicfi tnterests are hereby reteased and waivadt a0 of which.indud- V_.a��j
<br /> � '� tng�eptacements anA addlUons thereiu,is hereby Qec�ared to be a part of ihe real sstate secure0 by the lien of this Oeed of TNSt and �._:�.
<br /> a110!the foregoUsg being refemed W herein as the`Propertyr• �'°- ,'
<br /> � 7Nis Desa oi Tn�st shaii secura(a)the payment oi 1t►e DBnctpal sum and tnterest evidenced by a prom19ory nat9 or credit a�ee- � ;
<br /> � . � ��,�,,�� .havin a maturiry date oi JuRe 5, 98 _.
<br /> meMeated December 2, 1997 9 �_�-
<br /> (n the odglnat pdnc(pal amount of$ 30,291 48 .an0 eny and atl modiftcaUons.extensions Snd renowals 4J -
<br /> � ` thetenf or thereto and any and al!futiate advances and readvanws to Bortowarbor�'ae pa�ent ai other sums nadvanced by te der to �.;� �"•
<br /> � � F_ ..� ` •,�.,'-: r. : tn one ar more promissory notes or credit agreements(heretn caT�d'Nate°y:O
<br /> • protect tfia secutity oi the lVote;(c)the performance ot all ctsvenanb end sgreements af Yrustor set forth herein;and(�aii present and ���•'
<br /> =' � ' tuture inQebtedness and obligatlons of Bortower(or any of them tt more than one)to Lender whether dired.irrdlrect.ebsc�ute or oortin- � _.,_
<br /> �. :' gerR and whether a�ising by rtote.guaranhl,oveNraft or atherwise.The Note.this Deed o1 Trust and arry ans 811 ot�er documents that
<br /> X��. � secure tha Note ot othecwise executed in connecBon therewi7h.inc(uding withou111mitaUon guarantees,security agreemenfs ana �;,-:`;
<br /> ' ,��:.r%:�..:... ...' asstgnmenfa of teases end ronts.shalj b�referced to herein as the`Loan fnsVumenb. _-
<br /> % �.�� ' � �Y � Tnrstor.covenants and agrees wfth LenQer as toiJows: '
<br /> ` � �'�� � 1. Payment of Indebtedness.A111ndabtedness secured hereby shaN be Da�'�en due.
<br /> 2 Tftle.Ttustor is fhe owner of the Proparty.has the dght and authority to convey the PropeRy.and�vananb that tho lien croat-
<br /> � � ed herebg is a ftrst and pdor lien on the Property.exoePt tor liens and encumbrances set forth by Tnt�wr in writlng and detivered to
<br /> ts
<br /> - lender befare execuUon ot thls Oeed of Tnist.and the execuUon and delivery ot thls Oeed ot Trust does not vioiate any contrad or
<br /> � • . °� .� other obllgaUon to vfilch Truswr is subject
<br /> � • 3.Taxe�,�4ssessmertts.To pay before delinquency afl taxes,sAecial assessmenb and all other chargES agalnst the Pmperty
<br />':'�l •� • � aow or hereafter levled.
<br /> 4.Insuranen.To keep the Property insured against damage by flre.hazards inctuded wiMin the term'extenQeO coverage'.and
<br /> �z'-..,. . such other hazards as Lender may require,in amounb a�d wtth companfes ecceptable to Lender,naming Lender as an additlonal
<br /> � named insured,with loss paYabie to the Lender.ln case oi foss under such polides.the LenQer is authorized ta adjust,coilect an0
<br /> � � compromise,afl Gaims thereunder and sha1)have the opUon of applying ail or paR oi!he insutance proceeds(i)to am/indebtedness
<br /> � secured hereby and in such order as Lender may deisrmine,(ii)to the Trus4or ta be used for the repair or resto�aUen of the PropeRy or �..
<br /> ; �; �.:°�• (iii)for any other purpose or object saUsfactory to Lende�rU nis oi t eaceeds t h ndebted ess shaial not extend orhpostpone the d e data �.F
<br /> h e r e b y b e f o re sutA pa y meni ever took ptace.My aP0 P
<br /> oi arry payments unde�tfle Note.or cure any defauit thereunder or hereun der. �
<br /> ` 5.Eserow.Upon wd4ten demand by Lender.Tnistor sha0 pay to Lender,in such manner as Lender may designate,sufHcient .
<br /> sums to erta�te Lender to pay as th�y become due one or more o1 the toltpv�ng p)all laxea,assessments and other charges agalnst
<br /> . . • the Property,(ii)the premiums on tt�e property Insurance requlred hareunder,and(iif)the premiums on any mortgage insuranCa .
<br /> ' � , . . • requlred by Lende't. •
<br /> 6.Matn49eaneo,Ropairs and Compltance with Lavre.tn�star sh�il kaep the Property in good condition and repair, shait
<br />'d ,: � : promptly cepair,or replace any imprrnrement which may be damaged ar dastroyed;sha8 not commit or permit any waste or detedor�
<br /> � • ' • Uon oi the Pro pa rt y;shall not remove,demolish or subsYanUaity atter any ot the Improvements on the Property;shali not�mmit,sufPer
<br /> • . . � ar permit�y to s cost and ex�e se�alll e s�encumbrantces and charges e ved.�m osea or�a U�a gainst aU�e PropeRy or any
<br /> . . charge at Trus P
<br />�` ; � part thereot
<br /> ' , . 7.Eminen!Domaln.Lender is hereby assigrted aIi compansaUon,awards,damages and other payments or retief(hereinafter
<br /> - . - �. .,
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<br /> Necaarc�o���ru.sisa
<br /> o�sas eu,,w a,n a eaM+�mrnm,�a s�+mo��-�^.�,�r,••,
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