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<br /> - .• ` DEED Of�'�t�S9'tll��@�I�U18��!l�CES 1 .� ,'� :,�
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<br /> � `�.: ' THIS DEED OF TRUST.ts msde es of tha 3RD Qay of DECENiBER _.t9 97 .by end among�G s.`�+ .•,�
<br /> . .�: _
<br /> thaTmsmr. GRIMS HOME REPAIR A PAR'fNERSHIP ' -___
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<br /> ''�` .. . whosa ma�itsg add�ess is__ ��9a t t tN AVi.s-G.R��-SLAIVR,_� tiAA7�.�—mecein'Tncstor.whether one or nwre). . _r._,
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<br />_ � ` :.` �gT� FIYE POINTS BANK A NEBR{1SKA CORPORATION -:�-,��_'',
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<br /> rr,f,, whase mainng add�ess is P Q BOILi�DZ cRAN iC 1 ANn aic FgRA�—i�A7 (�i8t@itt`TNStee'.and
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<br /> I, F��� the6enefidary, fIYE PaINTS BANK P-��_
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<br /> � , {'��,. ' whosemaiGttgaQd�is 2�25 N BROAD6lELL� GRAND ISLANQ� �c �AQO -t507 _(hereln"Let1d8�. 7 •� --
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<br /> . � `'f��'•: FOR VALUABlE COAtS�DERATION.indudtng LendePs extenston of creG�ident�fied�eretn tQ
<br /> STFtlF PRfM GOOhEY PROPERTIE�,, ? � AND R01 ANO RiYI�Al11C AI_I..I,�C_POMAtCCAG
<br /> � '��� (erefn'Borrawer. whether ona or more)and the trust herein ctea�ed.th�c+eoeipt _
<br /> ot which is hsreby ar,kaovdeQgad.Ttustor hereby iaevocably granb.transtere.comreys and assigns W Yn�stee.W TRtiST.WITH m= -°=_-
<br /> � POWER OF SALE.for the benefit snd security of Lender.under and s�ject to the�ertns and conditions hereUrafter set(orth,the real �--_
<br /> ;'� • m-:::..- ---
<br /> . • �,�...,.:,�t�r.'.°. pmpettydescdibedastott�aws: . �•;"-�
<br /> - � � LOT E16NT .t8) IN BLOCK SIXTEEN (16) IN H. G. CLARK'S AOUITION TO TNE � , `�L J+
<br />�:i-.�' ,. , ` CITY OF GEt�D .ISLAND, HAlL COUNTY, NEBRASKA. ------
<br /> � • .'f�:;
<br /> '•.., ' '':�;;�_,. :' TageUi�r with a41 bw'fffings.impcovemertts.fuduras.streets.aiteys,passageways.easemertfs.d3hb.Driviteges and appuRenances -�-�x. :-:.:,__,
<br /> . • located therenn or in anyvi�sra perfeining t�.�ieto.and dre rents.issues and profib,rsversions artd c�mainders thereof.and such peN �:�W_' :l�ass�
<br /> � ,'��'��. sonal proAenY�t is attad�t°the impcavements so as tfl cunstftute a fumire.indudirtg,dN not Iksirted to.heatm and woling equl�
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<br /> :;:`.�. .��;:` men�and to$ether wlth S►e i�omestead or marital inter�.if any.which tnterests are hereby released and waiti�alt of which,inc►ud- •���__-
<br /> ing replacementa anA add�ans thareto.is,hereby dect�to be a paR oi U►e real es�te secured by the lien of�Deed of T�ust and _
<br /> . a:l oi Ne foregoing being refemed to herein as the'Property'. ;��
<br /> • � � This Qeed ot 7rust shatl secure(a)the payment at the pdncipal sum and interest evtdenced by a pmmissory nate or caedii agree- �=
<br /> . ' ' . . ment dated DECEMB R 3 1997 .havtng a mao�rtry Qate oi �-'„�,;;� _-_
<br /> . � �� in the odginaf O�rt�p��'�oi S and any end atl modiflcaUons.exte�sfons ar�d tenevrals � ��� 4
<br /> y: fhereoT or tAeretn and am,p a�all tuture advan and readvances to Borrower(or a^y of them if more ihan one�ttereander pwsuanl , "
<br /> 4:�` , '. to one or mare promissory notes or cred:3 agreemer�ta(herein caUed'Mote'}:(D)�e paymem o1 oU►er sums ad�+anoed by Lender to
<br /> `' � � � e secud of fhe Note; c the D���ance of all covenanb and agreemenb oi Trustor aet foRh heretn;ana(�all Dr�ent and �``-�```
<br /> :. •.. � .� .�°�. , prote th �Y () ._� .r�:.
<br /> ;, . future tndebiedness and obAgaUons ot Bortawer(or any of them it more than one)to Lender whether d(rect.ind�ct,absoMe or cantin- _-;,
<br /> ' gent and vu�ether adstng�y note,guaranty.oveNraft er othenvtse.l'he Note.this Deed of Trust and any snd 2'.t cther dacuments Uiat '� _
<br /> �..�_.. . � .f� secura the Note er othe�wise executed in connection t�erewtth,indudtng witAout Itmitatlon guasentees.sea.�tty agreements and �'.�„, .�._�
<br /> � . .. :�� assignmenis of(eases and�ents.shail be reterred to herein as tha'Loan fnstruments. , _� � �
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<br /> • � � ' �` Trus�mr�venan�and agr�ees vrith Lender as foRows: . �
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<br /> � t° :� � �� 1. Pa�nt o!tndaDtedness.AII tndebtedness secured hereby sha11 be pa(d whsn dua. �
<br /> • • � r 2. Titt�.Tru&tor ls the ownet of th9 Praperly.has the dght and autt►odry to corney the Property.an�warranb that the tien creat � • �
<br /> � . : � ed hereby ts a flrst and pdor lien on the Property,ex�pt for liens and encumbrances set foM by Tnistor�rr+�fUng and QeUvered to . :..:
<br /> . . . . ;a••'..'. Lender pefare executlon oi this Deed ot Trust,and the execuUen and detivery of this Deed oi Trust does r.ci�9oiate any oonirad o� •
<br /> � other obllgaUon to which Trustor is subjad. ,
<br /> �� -• . 3.7axoa Assess�nenis•Ta paY bafore delinquency atl taxes,speclal assessments end a�other ct�arges against the ProDer�► ._ . � . .
<br /> ����`' '" now or hereafter Isvled. ;
<br />-' • , � 4.fnautaneo.Ta keep fihe Property insured against Aamage by flre,hazards inctuded within the term'extended caverage',and . �
<br /> � � . ; auch other ha�rds as Lender may require.in amounts and with companies acceptable to Lender,naming lender as an addittona) � .
<br /> - . :i named Insured,wlth(oss pa�abte to the Lender.In qse oi Ioss under such poilcies,the Lender is authorizeC to adjust,cottecl and . : .
<br /> ' ' compromise,all cialms thereunder and shall hava the option ai apptying all or part of the insuranrs proceeds()to any indebtednoss
<br /> �. ' secured hereDy and in such order as Lendet may detertnine.(D)tn the Ttustor to be used for the repaU or res0oratlon of the Properry ar . .
<br /> � � •. � � � (N;)for am/other purpose or object satisfacton►to Lender wfthuu�aftecitng tho Iten of thls Oeed of Trust for the futl emount sec�re0
<br /> ' - � �: << hereby before such payment ever taok ptace.Any aAp�iqBons o!procesds to indebtedness shall not extend or pos�one the due date ���
<br /> . oi any paymenb under the Note,or cufe arry defauit thereunder or hereunder.
<br /> y�� . � � ' S.Escrow.Upon written demand by Lender.Trustor shall pay to Lender,in suct�manner as Lender may des4gnate,sufficlent _ ..
<br /> � sums to enable Lender to pay as they become dus one or more of the following:(i)all faxea,assessments and other charges agalnst •. .
<br /> ��."��. '.. .. __. the Property,(li)the premiums on the prapedyl insurance requlred horeunder,and(iii)the premlums on any moRgage insurance . ,
<br /> ., ', . :" � required by Lender. , . ..
<br /> 6.67�Intonance, Repairs and Complianco t�StP�Lavra.Trustor shail keep the PropeRy In goad oondiUon and repair shatl
<br />� • promptty repair,or replace arry improvement which may 6e damaged or destroyed;shail not commi!or permit any waste or deterlor� .
<br /> ; - ���� 8on o!the PropeRy:shail not rembve,dsmollsh or substan0a�ty alter any o1 the Unprovemenfs on the Properiy;shati not commit,sufter : : ,
<br /> or parmit arry act to be dore in or upon the Property in viotatlon oi any�aw.ordinanas,or regulatian;and shail pay end promptty dis'
<br /> �.?.. .. charge at Trustors cost and expense all Iiens,encumbrances and charges levied,lmposed or axessed against the PropeRy or arry •
<br /> . . paA thereof.
<br /> � . 7.Emiasnt Llomatn.Lender is hereby assigrted ail compensation,awards.damages and other payments or reliei(hetelnafter
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