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<br /> { 110896
<br /> i DEED OF TRUST WITH FUTURE ADVANCE& ' ":T'�=.���'�°
<br /> i r`•;. 97" ...�..,.....� �:w:;��_�-_
<br /> : _
<br /> _ �.��-� -,_�.
<br /> THIS DEED OF TRUST,is made as of the 23RD dey of OECEMBER ,19 97 ,by and among c -`
<br /> theTrustor, SANDY K MEY R A SIN�LE PERSON � �`� _-
<br /> � �.:_
<br /> � whosemaHingaddressis1203 W. 1ST GRAND ISLAND NE 68801 (herein"Trusto�',whetheroneormore), �11��.-`--_=-
<br /> � " --
<br /> �� theTrustee FIVE POINTS BANK, A NEBRASKA CORPORATIOW L
<br /> - �� whose malling address is P 0 BOX 1F07 CRAND ISLAN� NE 68802 (herein'Trustee"),and - -°
<br /> �'� theeeneflclery, FIVE POINTS BANK �_�°�'
<br /> whosd mailing address is 2015 N. BRQAnWFI I GRAND ISLAND NE 68803 (herein`Lender"). ___._
<br /> � . FOR VA SANDY K�.NMEY R TION,Including Lender's extension of credit ident(fled herein to - _
<br /> .�>;
<br /> � (hereln"Borrower,'whether one or more) and the trust Aerein created,the receipt "`
<br /> of whlch is hereby acknowledged, Trustor hereby irrevocably grants,trensfers, conveys and assigns to Trustee, IN TRUST,WITH _
<br /> � � POWER QF SALE,tor the beneflt and security of Lender, under and subject to the terms end wnditlons hereinafter set forth,the reai :ti"
<br /> - -_ - - propn�ty�iz5uiltra�85 fuil��4a: --
<br /> � LOT ONE (1) , BLOCK EIGHT (8)� ARNOLD PLACE ADDITION TO THE CITY -
<br /> OF GRAND ISLAND. HALL COUNTY, NEBRASKA ����:
<br /> �� Together with all bulldings,Improvements,flxtures,streets,alleys,passageways,easements,rights,p�Ivileges end appurtenences ^�
<br /> located thereon or In anywise pertainlnp thereto,and the rents,issues and profits, reveralons and remainders thereof,and such per- =
<br /> sonal property thet Is attached to the Improvements so es to constitute a flxture,Including,but not Iimited to,heaNng end cooling equip- ���
<br /> z ment;and togeiher wlth the homestead or marital interests,ff any,which Interests ere hereby released and waived;all of whlch,includ-
<br /> fng replecements and additions thereto,is hereby declared to be a part of the real estate secured by the Ilen of thls Deed of Trust and -
<br /> eil of the foregoing being referred to herein as the'Property".
<br /> This Oeed of Trust shall secure(a)the payment of the princlpal sum and interest evidonced by a promissory note or credit agree- _
<br /> ment dated DECEMBER 23. 1997 _,having a maturity date of DECEMBER 15. 2002
<br /> fn the origfnal principal emount of$�7�1��„�,4 , end any and ell modiflcations,extenslons end renewals
<br /> thereof or thereto and any and ell future advances and readvances to Bortower(or any of them if more than one)hereunder pursuant
<br /> to one or more promissory notes or credit egreements(herein called'Note"); (b) the payment of other sums advanced by Lender to —
<br /> ' protect tho security oi the Note;(c)the performance of all covenants and agreements of Trustor set forth hereln;and(d)all present and
<br /> � future indebtedness end obligations oi Borrower(or any of them It more than one)to Lender whether direct,indfrect,absoiute or contin- ` _
<br /> gent and whsther arising by note,guaranty,overdraft or otherwise.The Note,this Deed of Trust and any and ail other docurnants that R�_
<br /> secure the Note or otherwise executed In connectlon therewith, including without Iimltetfon guarantess, security agreements and -
<br /> � assignments olleases and rents,shali be referred to hereln as the"Loan Instruments'. _,
<br /> �• Trustor covenants and agrees with Lender es fcllows: ---
<br /> 1. Payment of(ndebtedneas.All indebtodness secured hereby shall be paid when due. �'��y'"
<br /> " 2. Title.Trustor is the owner of the Property,has the right end authority to convey the Properry,and warrants that the Iion creat- � `:t
<br /> � ed hereby Is a first and prlor Ilen on the Properry,except for Ilens and encumbrences set forth by Trustar fn writing and delivered to :,.�, � r
<br /> � Lender bofore executfon of thls Deod of Trust, and tha executfon and delivery of this Oeed of Trust does not violate any contract or ���f�'+°- �'�
<br /> �I other obligation to whlch Trustor is subject. ; �` �: . .}:"
<br /> 3.Taxes,Aaaessments.To pey before delinquency ell taxes,speclal assessments and all other cherges agalnst the Proporty ;�:.�L;
<br /> now or hereafter levied. ���;:f..�r`
<br /> 4.Insuranca.To keep the Property Insured against damage by flre, hazards inciuded wilhin the torm"extended coverage",and ,
<br /> such oth�r hazards as Lender may requfro, in amounts and with companies acceptable to Lender, naminc� Lender as an additional
<br /> � namod insurod,with loss payable to the Lender. In casd of loss under such policies, the Lender is authorized to adjust, collect and
<br /> compr�mise, all claims thereunder and shall have the option of applying all or part of the insurance proceeds(i)to any indebtedness
<br /> secured liereby and in such order as Lender may determine,(ii)to the Trustor to be used for the repair or restoration of the Proporty or
<br /> (fii)for eny other purpose or objoct satlsfactory to Lender without affecting the Ifen of this Deod of Trust(or the full amount secured
<br /> hereby before such payment ever took place.Any epplications of proceeds to indebtedness shall not extend or postpone the due date
<br /> oi any payments under the Note,or cure any default thereunder or hereunder.
<br /> . ��___ . • a..........�ti..�.....�... T...e�.,.oi,oll..o..t.. I nnilnr {n ci�rh mnnnar ac I wntlat t71AV(1RRI�II:3�A. SIIH�CI8f1� ' '
<br /> . . . J. cobtvlr. vyv.�ii�iiao i uon�mw v - - -
<br /> . . .� , ���.��.� ..��.�� �..�.. r�, ._ __..__.. ...---....._.. ._ __ _.. .. , � --��---. .
<br /> sums to enable Lender to pay as they become due one or more of the following: (i)all taxes, assessments and other chargos against
<br /> j lhe Property, (il) the promfums on the property insuranco roquired horeunder,and (ili)tho premiums on any mortgage insurance .
<br /> � roquired by Lender. '"
<br /> � 6. Maintenance, Repalrs and Gompllance with Laws. Trustor shell keep the Property in good condition and repair; shall ,.
<br /> � promptly repair,or replace any improvement which may be damaged or destroyed;shall not cummil or pormit any waste or deteriora- �
<br /> tion of th�Property;shall not remove,demolish or substantially aller any o4 iho improvements on tho Pmperty;shall not commit,suffer r
<br /> � or permit any act to be done in or upon the Property in violatlon ot any law, ordinance,or regulation; snd shali pey and promptly dis- �
<br /> � charge at Trustor's cost and expense all liens, encumbrances and charges levied,imposed or accUSSed against thc� Property or any �
<br /> part thereof.
<br /> 7. Eminont Domaln. Lnnder is hereby assiyned ali compensation, awards, damagos and other payments or relief(hereinafter
<br /> �i r�pi;NS/Itimna�tvnwcOn�alNer •.NE I
<br /> � f)�tENa��n.i111oMUICNnnx+i�l�ySInMS.'�r+yfb�uuiLLnl��nNrbn��u I
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