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<br /> � DEED OF TRUST WITH FUTURE AOVANCES
<br /> ! THI3 DEEp OF TRUST,is made as oi the 3�_day ot Decem ber ,19,��.�by and amonp
<br /> .'# theTrustor, Thomas IC, Ba k �c �nd Marv Ann eackus Mllchan�l And m�fE �
<br /> whosa malling address ia 21.6 E. 7th St G r'a n d IsZa n d N E 68801 �(herom•Trustor",whether ono or more), �
<br /> ;� \ —
<br /> ` theTrustee Five Points Bank a Nebraska Corp,ora on —
<br /> " �� (hereln'Trt�stee'),and
<br /> b whose molling address Is �
<br /> e!�� �
<br /> � the Beneflciary, Five Points Bank
<br /> , �,~� whose mal�ing addresa is 9(11 F N� R^�A/I W P��A y.� t',�..�,r.,;,n rt Isla nd. u c �RRn3 (herein'Lendet�).
<br /> ��. FOR VALUABLE CONSIDERATION.inciuding Lendars exWnsion of credit Identifled hereln to Thnmac K Rar�uc
<br /> '� (herein"Borrower,"whether one or more) end the trust hQrein created,the receipt
<br /> � ot which ts hereby acknowiedged, Truator hereby IRevocably grants, transters, conveys and asslgna to Trusteo. IN TRUST, WITH
<br /> � FOWER OF SALE,!or the beneflt and secur(ty of Lender,und�r and subjoct to the terms end conditions herefnaftor set forth,the rea�
<br /> � property descdbed as followa:
<br /> 1 Lot Seven (7), 61ock 128, in Union Nacific Rail+w:ay Company's Second Additlon
<br /> � , , to the City of Grand Island, Ha11 County, Nebraska.
<br /> � Together with ali bulldings,improvements,flxtures,streets,alieys,passageways,easements.�Ights,privllepes end appurtenances
<br /> Ioceted thereon or In anywise perteining thereto,and the rents,issues and proflts,reversions and remeinders thereoi,and auc.h per-
<br /> sonai property that Is attached to the Improvements so as to conetitute a flzture,including,but not Iimtted to,heating nnd cooling equip-
<br /> ment;and together wlth the homestead or marltei interesta,if any,which intorests ere heroby released end waived;alI of which,fnclud-
<br /> ing replacements and addltiona thereto,fs hereby declered to be e part oi the real estate secured by the Ilen oi this Deed oi Trust and
<br /> all of the foregoing being reterred to herein as the`Proporty'.
<br /> Thls Deed of Tn�st shall secure(a)the peyment ot the principai aum and I�terest evidanced by e promissory rtote or credit egree�
<br /> ment dated nnramhpr R 9 047 ,hBYing e rtl&tufityd9te Of flnrnm F►ar i� 2�02
<br /> Y
<br /> in the original principal amount of$ ' , and any ersd all modlticeUons,extensions end renewats
<br /> thereof or thereto end any and all future a vances and readvences to Borrower(or eny ot them if more than one)hereunder pursua�t
<br /> ,, • to one or more promissory notes or credlt agreements(herein calied"Note");(b)the payment of other aums edvanced by Lendor to
<br /> protect the security of the Note;(c)tha pedormance of all covenants and agreements oi Trustor set forth herein;and(dj eli preseht and
<br /> " future inde6tedness and obilgetlons of Borcower(or any of them It more than one)to Lender whether direct,indirect,8b801Ut@ Of C0�1Ufl-
<br /> �� x gent and whether a�ising by note,guaranty,overdraft or otherwise.The Note,this[teed of Truat and any and atl other documents that
<br /> , � � secure the Note or othorvvise executed In connection therewlth, Inctuding wlthout Ilmitetion guerantees, security agreements and
<br /> assignments of Ieases and rents,shali be reterred to herein as the'Loan Instrumenta'.
<br /> Truator covenants and agrees wlth Lender as foliows:
<br /> 1. Payment ot Indebtedneas.Ail Indebtedness aecured hereby shatl be paid when due.
<br /> � I 2. Title.Trustor is the owner of the Property,has the right end authority to convey the Property,end wartants that the Ilen crest• =`
<br /> , ed hereby Is a flrst and prfor Ilen on the Property,except tor Ilena end encumbrAnces set forth by Truator In wdting and delivered to
<br /> ' Lender before execution of this Oeod of Trust, end the executlon and detivery of thls Deed of Trust does not vloietn any contract or
<br /> � other obligatlon to whlch Trustor is subject. _
<br /> 3.Taxes,Aasessments.To pay before delinquency aIi taxea, specia�assessments and ali other charges against the Property -
<br /> now or hereafter levied.
<br /> 4.Insurance.To keep the Property insured against damage by flre, hazerds�ncluded withfn the le�m"oxtended coveragv'.and _.
<br /> such other hazards as Lender may require, in amounts and with companlea acceplab�e to Lender, naming Lender as r�n addttional �
<br /> named insured, with ioss payable to the Lender. In cese oi loss under such pollGes. 1he Lender Is authorized to adjust,coltect and
<br /> compromisc�,all ciaims thereunder and shall have the option of applyfng ail or paR ot the Insurance proceeds(�)to any indobtedness �
<br /> secured hereby and in such order as Lender may determine,(il)to the'Trustor to be used tor the repafr or restoratlon of the Property or _
<br /> (iii)for any other purpose or obJoct satisiactory to Lender without aNecting the Ilen of this Oeed oi Trust tor the fuil amount secured _
<br /> I horeby before such payment ever took piace.Any applfcatfone of procoeds to indebtedness shall not extend or postpone tho due date
<br /> � ot any payments under the Note,or cure any detault thereunder or hereunder.
<br /> � 5. Eacrow.Upon written demand by Lender, Trustor shail pay to l.ender. In such manner as Lendor mey designete,sufticlent
<br /> ,_ �__................e��.,..�,..,.�,o.e�a�na nr mmm�f the foliowlna:(I)all taxes,assessmants and ath9r charges ageinst
<br /> bWtiS iv Oitav�o a.onvv� .v pv�..........� ...........� ���
<br /> � tho ProRerty, (il) the premlums on the property fnsurance required hereunder,�nd (fll)the premiums on eny mortgego Insuronce
<br /> royuired by lender- �
<br /> � 6. Matntenance, Ropairs and Compiianco wlth Laws. Trustor shall keep the Properry in good conditlon and repai�; shall
<br /> promptly repair,or repiace any improvement whlch may be damaged or deslroyed;shall not commit ar permit any waate or d�tadora• I
<br /> � uun ot tho Property:shall not remove,demolish or substantially altor any of the improvements on the Property;shall not commit,suNor I
<br /> ' c,r purmd any act to be dono in or upon the Pro�+erty in violation of any law,ordfnance,or regulatlon;and shai�pay and promptly cils•
<br /> �:h:irg�:st Trustor's cost and expense all Iiens, encumbrancvs and charges levied.imposed or accessed ogainst tho Proporty or�ny i
<br /> �r.ut thoroof.
<br /> 7 Emfnont Domain.Landor is hereby assigned all compensatlon, awards,damagos and other paymQnts or rollof(horoinnftor I
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