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<br /> v � DEED OF TRUST WITH FUTURE .ADVANCES � �'�
<br /> " � THIS DEED OF TRUST,Is made as ot the 5th day ot De c ember ,19�_,by end among .
<br /> the Tnistor,Da�vid P. N�emot h and Judith K. Niemoth, hu sband and vu�fe _,?� _
<br /> 1'J N. ChurCh� Doniphan, NE 6$$32 (hereln"Trustor",�vhetheronearmore), �' �
<br /> whose mallinp eddress Is 3 �,J
<br /> � .
<br /> , the Trustee Bank o f Doniphan `.�
<br /> whose mallfng c+ddress Is HOX 270� Doni phan. NE 6$$32 (hereln"Trustee'),and _
<br /> � the Beneiiclary, Ba� of Doni phan
<br /> whose m�iling addressls BOX 270, Doniphan. NE 6$$32 (hereln"Lender").
<br /> � FOR VALUABLE CONSIDERATION,Including Lender's extension of credit Identlfied herein to �������
<br /> David P. Niemoth andJudith iC. Niemot
<br /> ► (herein'BoROwer,"whether one or more)end tho trust herein created,the receipt
<br /> of which is hereby acknawiodgod,Trustor hereby irrevocebiy grants,transfers, conveys and asslgns to Trustee, IN TRUST, WITH
<br /> POWER QF SALE,for the beneflt and securi�y ot L ntler,under and subjact io ihe tern�5 ni i�wi�dltions hsrslssaticr�c!toslh,the rsa!
<br /> ptoperty described es follows: LOt Eight (�) and the North Hal f o f Lot 7, in Hlock Two
<br /> (2) , In V1i.11iam J. Fiurger's Addit3.on to the Village of Doniphan, Hall
<br /> Caunty, NE.
<br /> 311 North Church� Doniphan, NE
<br /> Togethar wlth all buiidings,Improvements,iixtures,streets,alleys,passegeways,easemenls. tlghts,privlleges and appurtenances -�--�--- .
<br /> � located thereon or In anywise perteln ing thereto,end the rents,Issuea and proflts,reverslons end remainders theroof, and such per- �c�!
<br /> ' sonal property that Is attached to the f mprovements so as to constltute a fixture,includtng,but not Ilmited to,heating end cooling equip• ��*-
<br /> ' ment;and together with the homestead or marital interests,if any,whlch Interests aro hereby released end walved;all of which,includ- �.
<br /> 'i Ing replacements and additlons thereto,Is hereby declared to be a part ot the reaf estate secured by the Ilen of this Oeed ot Trust and
<br /> �- ali of the foregotng being referred to hereln as the'Property'. �_
<br /> - Thls Deed of Tru t shell secure he peyment oi the princlpal sum and Interost evidenced by a promissory note or credit agrea-
<br /> � ° mentdated Decern�er 5, 1��� _,havingamaturitydataof June 3, 199$ . �
<br /> �� In the original principel emaunt oi$ J�'•�`��•�`� ,and any ana aii modiBcation�,exim�aiuua and renewats �"'—^F'_° -T
<br /> ' thoreof or thereto end any end all future advances and readvences to Borrower(or eny oi them If mare than one)herounder purauant
<br /> � to one or more promissory notes or credit egreements(hereM called"Note");(b) the payment ot other sums advenced by Lender to =-_ --
<br /> ,,t protect the security of the Note;(c)lhe performanc9 of all covenants and egreements of Trustor set forth hereln;and(d)all present end �:y
<br /> T future indebtedness and obllgatlons r�f Borrower(or any ot them If more than one)to Lender whother diroct,Indirect,absolute or wntin- �--=��---
<br /> i.�.--
<br /> gent and whether arising by note,guaranty,overdraft or otherwise.The Note,this Deed of Trust and any and all other documents thet _��- -
<br /> secure the Note or otherwise executed in connectlon therewith, Includirig without Iimitation fluarantees, security agroements and �'�-.._
<br /> essignments of leases end rents,shall be referrod to hereln as the"Loan Instruments'. ���`•�,
<br /> Trustor covonants and agrees wllh Lender as follows: '.����.
<br /> 1. Payment of Indebtodness. Ail Indebtedness secured hereby shall be peid when due. : ,,. �•r
<br /> 2. Title.7rustor Is the owner of Ihe Property, has the right and authority to convey lhe Property,and warcants that the Iien creat- ��f� E,��'��`�;�•
<br /> od hereby Is a iirst and prlor Ilen on the Property, except tor Ilens and encumbrances set fath by Trustor In writfng and delivered to �}�,
<br /> Lender before execution o(thfs Oeed of Trust,and the executlon and delivery of this Deed af Trust does not violate any contract or ' *�`:'''
<br /> other obligatfon to whlch Trustor Is subJect. .. ' ,_
<br /> 3.Taxes,Assessmonts.To pay before delinquency ali taxes,speclal assessments and all other charges against the Property
<br /> now or hereafter levled.
<br /> 4.Insurance. To keep the Property Insured egainst damege by flre, hazards Included within tho lerm"extended coverage',and
<br /> such other hazards as Lender may require, in amounts and wlth companles acceptable to Londor, naming Lender as an edditlonal
<br /> named Insured,with loss payable to Ihe Lender. In case of loss under such poiicies, the Lender Is euthorized to ndJust, collect and
<br /> compromise, all claims thereunder and shall have the optlon of applying ail or part oi the lnsurance proceeds(I)to any Indebtedness
<br /> secured hereby and in such order as Lender may determine, (ii)to the Trustor to be used for Ihe repalr or restoration of the Property or
<br /> (III)for any other purpose or obJect satisfactory to Lender without affecting the Ilen of lhis Deed oi Trust for the full emount socured
<br /> hereby before auch payment ever look place.Any appiicatlons oi proceeds to Indebtedness shali not extend or postpone the due dato i
<br /> { p(8fly P8YR1ET11t5 Utlp@�iIl@ NOte,or curu any tieiauii iiiaraunu8i Oi i�einuiwoi. r - = =-
<br /> i 5. Escrow.Upon written domand by Lender. Trustor shall pay to Lender, In such manner as Lender may dosignate,sufficlent �
<br /> � sums to enable Lender to pay as they become due ona or more of the foliowing: (I)ali taxes,assessments and othor charges against
<br /> tho Property, (ii)the premlums on the property insurance reyuired hereunder,and (ffl) the premiums on any mortgage Insurance
<br /> I required by Lender.
<br /> 6. Malntor.�.^.^°, Renaf�c �n�Compilance wlth Laws. 'frustor shall kAep the Property fn good conditlon and repalr; shall
<br /> � promptly repair,or replace eny improvement whlch may bo damaged or destroyed;shall notcommft or permit any waste or deteriora-
<br /> � tion oi the Proporty:shall not remove,demolish or substantlally alter any of lhe fmprovemenls on lhe Property;shall not commit,suNer i
<br /> or permit any act to be done In or upon the Properly In violation of any law,ordinance,or regulalion;and shall pay and promplly dls• i
<br /> � r.hargo at Trustor's cost and expense all �lens,encumbrances and charges levied,imposed or accessed against tho Property or any
<br /> part lhereuf. �
<br /> I 7. Eminent Domatn. Lender is horeby assigned all cnmponsation, awards,damages and other payments or rollef(hereinafter �
<br /> I AISC 3�SI�NmnO���n���ID�M)�tt.�'46 .
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<br /> n�nep �m.V�.^��a f�n.�rrr�l����nMCa.rtqf�lt,s-a��+n lnt+ln Hrtvn5l�
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