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<br /> DEED OF TRUS WIT T R A VANCES -
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<br /> THIS DEED OF TRUST,fs made es of the 12th day of n �. _,19 q� ,by and among �
<br /> theTrustor, Kenneth C Svoboda � Pan�ela R Svoboda husband and vife ���� �
<br /> �
<br /> ,`. whose malling address Is_ `��6 E 16th St Grand Islend_�herein`T�to���ther oneor more), !�_
<br /> � --
<br /> , �, the Trustee , , G,
<br /> � whose mailing address Ia P n� Box 15 7 Crand Island� HE 6880 - (hetelil"TnJSt90'),811d =
<br /> • � theBeneflclary, Five Poir*a�ank
<br /> "�� whosemailingaddressls 2015 H. Broedrell �and Is�p�,,. NE. 688u2-1507 (herein'LendeP). p.-
<br /> FOR VALUABLt CONSIDERATION,including Lender's extension of credit IdenUtled herein to Kenneth C Svobode
<br /> � (herein"Borrower;whether one or more)end the trust herein created� the recsipt
<br /> ' of which Is hereby ecknowledged, Trustor hereby irrevacably grants,transfers, conveys end assigns to Trustee, IN TRUST, WITH
<br /> ,_ _.. .. __ __.,_ POWER OF SALE,for the beneflt and security of Lender,under end subJect to the tertns and conditions hereinefter set fotth,the real
<br /> ; proparty descdbed es followe;
<br /> • Lot Five (S> Indianhead Subdiviaion, i.n the city of Grand Ielan�i, Hall
<br /> , � County, Nebraeka.
<br />_. �:
<br /> � �c
<br /> Tagether with all bulldings,improvements,fixtures,streets,alleys,passegeways, easements,rlghts,pri�iieges end appuAenences
<br /> located thereon or in anywise pertelning thereto,end the rents,Issues end profits,reversions and remainders thereof,and such per-
<br /> � •� sonal property that is attached to the improvements so es to constitute a flxture,including,but not Iimited to,heating and coo�ing equip-
<br />� �kmAnt;and together with the homestead or mar(tal Interests,If any,which Interests are hereby releasad and walved;all of which,Includ-
<br /> .�, ing replacements and eddltions thereto,is hereby declared to be a part oi the real estate secured by the Ilen of thls Deed oi Trust end
<br /> ail of tho foregoing being referred to herefn es the"Property'.
<br />_ �� Thls Deed of Trust shell secure(a)the payment o7 tha prfncipal sum and Interest avidersced by a promissory note or credit agree-
<br /> me�t deted, Decemher l�th 1997 ,having a metudty deta o(���o■bPr t t t h 144A
<br /> ± � In tha originel principal amount o4 a 108 000 00 , and eny and ell modiflcatlons, extenslons and renewals �
<br /> thereoi or thereto and any and all future advances enr�rwa�ivancAS to Bcrtower(or eny of them It more than one)hereunder pursuant
<br /> • to one or more promtssory notes or credit agreements(hereln called'Note");(b)the payment of other sums advanced by Lender to _
<br /> protect the security of the Note;(c)the pe�tormanco oi ail covenents and agreements of 7rustor set torth hereln;and(d)all present and
<br /> . tuture fndebtedness and obligations of Borrower(or any of them if more than one)to Lender whether dlrect,Indirect,absolute or contEn-
<br /> gent and whether arising by note,guarenty,overdraft or otherwise.The Note,this Deed of Trust and any and ail other documents that -----
<br /> � secura the Note or otherwise executsd In connection therewith, Including without Ilmitatfon guarantees, security agreements and
<br /> _ " " asslgnments of leases and rents,shali be referred to hereln as the"Loan Instruments".
<br /> Trusror covenants and agrees wfth Lender as foilows: �_
<br /> a 1. Payment of Indebtedness.All indebtedness secured hereby shall be pald when due. _
<br />- 2. Title.Trustor is the owner of the Property,has the right end authority to convey tho Property,end wanants that the Iien creet- _
<br /> ed hereby is a first and prlor Ilen on the Property, except for Ilens end encumbrances set forth by Trust�r In writing end delivered to �:`-____
<br />_ � Lender before execution of this DeRd of Trust,and the executlon and delivery of this Dead of Trust does not violate any contract or �r_
<br /> other obltgatloR to which Trustor Is subJect.
<br /> 3.7axes,A�sessments.To pay before delinquency all taxas,speclal essossmonts and all other charges against the Property _
<br /> now or hereafter levfed.
<br /> ; 4.Insurance.To keep the Property insured agalnst d�mage by fire,hazards included within the term"extended coverege`,and
<br /> such othor hazards as Lender may requlre, in amounts and with companfos acceptebie to Lender, namfng Lendei as an edditinnal
<br /> named insured, with loss payable to the Lender. In case of loss under such policies,the Lender is authorized to adJust,coltect and
<br /> ; compromfse,all claims thereunder and shali have the option ot applying all or part oi the insurance proceeds(1)to any i ndebtedness
<br /> secured hereby and in such order as Lender may determine,(ii)to tho Trustor to be used for the repafr or restoration oi the Property or
<br /> _ � (fii)for any other purpose or obJect satisiactory to Lender without affecting the Ilen oi this Deed of Trust for the full amount secured
<br /> hereby before such payment ever took place.Any applications of procoeds to indebtedness shall not extend or postpone ihe due date
<br /> ot anv navments under the Note,or cure any default thereunder or hereunder.
<br /> ...�_,__.
<br /> 5. �scrow.Upon written demand by Lender, Trustor shall pay ro lenaer,in suCn manner as i.endnr rnay ua�iy�iF,io,�.,�����Q��.
<br /> sums to enable Lender to pay as they become due one or more of the following:(i) all taxes,assessments and other charges agalnst �
<br /> � tho Property, (ii) thv premiums on the property insurance requfred hereunder,and (iii) the premiums on any mortgage insurance
<br /> i required by Lender.
<br /> i 6. Maintonance, Repalrs and Compllance with Laws. Trustor shall keep the Pro�erty in good conditfon and repair; shall
<br /> , pipmplly repair,or replace any improvomnnt which may be damaged or destroyed; shall not commit or permit any waste or deteriora- i
<br /> � tion of the Property; shali not rQmove,demolish or substantfally altor any of the fmprovaments on the Property:shall not commit,suNer
<br /> o�pQrmit any act ro be done m or upon thr� Property in violaUon of any law,ordinan�e,or regulation;and shall pay and promptly dis-
<br /> charge at Trustor's cost and oxpense all liens,encurnbrances and charges levied. imposed or accossed against the Property or any i
<br /> , Part thoreo(. �
<br /> - 7 Eminent Domaln.Londer is heraby assign�d all compensation,awards,damages and other payments or relicf(herefnafter ,
<br /> �
<br /> n. r,nr t�s�uenaV':�ennei Dea�uo.t�o ,. '
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