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<br /> _ 7'Rf13tiDR A�AO THIS B�OA�St(�ViN6: � _ . ; -_
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<br /> � �� , Tr�unOersLndsihstlhadocum�tthatTruatorlsabaultaexec+�tets�QaeOot7�uatandnotamo�candq�atthepawer ,
<br /> ot�M provtQ�d/or In th�Qe�d of TrWt provtdes sisbstam3alfy dltferen!rishb and obli�atians tQ Trustorthan a moR�aps in the ay�nt �
<br /> � ota dM��tt ar Draach ot obllgdion uriderths Oped c!Trus�includin�,but not limited to.Me Lender a ilpht tQ ha�ve ths Propsrty sold � � .
<br /> " if�1ha Tru�w�hout�r►y lualcW procawdinq.Trusmr,r�rasenfa an4 warrsnts that tAis acknowlecigemer�i wta.ez�CUyd by
<br /> - � Tn�tor bsl�ora tf►s�xeciitlon of.ths Oesd of Truat ' c� - ,� �'' - , -
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<br /> ` . . .- �.QEEEf�t!F TRUST WI'[w FUTURE ADVANC�$ '...� � .
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<br /> � - 'fHIS OEE!?Of TRUST,is made as of the 4�h 6ay of Ma� , � ,18_90 by and amcn�
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<br /> ` � q�=ry��,. M�lvin E. Olaton and Dorothv L. Olston. �ua6and aar3 Wff� . .
<br /> ' •� wtw�e mailinp eddress is �sutg 1, SeY 121A CltaOtnatl. NE (herefn"Tru�tdr;'wh8ther one or more). �
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<br /> � �TNa�, Wfllfam G. 8lackbur�, a _Member af the NE State 8ar Aeen. ` '
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<br /> j whoss m�itfapeddress is_...8-0-- Box 2,��O�,K�anB,,, IalaRB�. NE 68802�___�__ �herein"Trwtee"►,and , .
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<br /> ' � the BmMtciary, Fi'vre Pof nCe 9ank _ _____r____ ,
<br /> ' rrt�oss mailinpadQrees is P•O. 8ox 15�7, Grand Is2and, NE 6B80Z . �herein��Lender"}. •
<br /> � FOR VAlUABLE CONSIDERATtON.�nctuding 1.ender's extension af credit idenGtied heram to Mel_v__f n E. Olston
<br /> __ an�� DorothY L. 018toA� hu.�9baix7 ���O�YfOWBT°,whether one or mare)and tne trugt hereln created. �
<br /> . the recsipt of whiat�ia hereby acknowledged.Trustor hereby Irrevocabiy grants,transfers,comeys and assigns to Trustee.IN , ; ,
<br /> _ � TRUST,WITH POWER OF 3Al.E,tor the beRetit�nd securlry of Lender.under ana sub�ect to the terms and cand�t�ons hereineRer set ; .
<br /> forth,me reaf propeny,described as foltows: � _,�
<br /> � The Southesly Sfxty-eight (68) feeti of Lot One (].) in Block Forty-eight j ��'
<br /> � (48) of Ruaeel Wheeler•a AdQitimn to- �he--�ity o� Grand islaaa, tiali - --
<br /> ' � County. Nebraska. �_^�
<br /> �, • Ta�ether witt�211 buildin�s,impro�ements,fixtures, atreeta,atteys,passageways,easemer,•,;rights,p�ivi�eges and.�lquR� r� ;_; ,
<br /> . � . nanc�s locatsd thereCn or i�anywise pertaining thereto,and the rents,�ssues and Arof�ts,reveraions and re�ainders thereol,anQ • � '
<br /> � s u C h F 6 f e O n e)p t O p E f t y t 1�8 t i s+�t S B C t t e d t 0 i h p i m p r o v e m e n t s s o a s t�c o n s t i t u t e�+��re,i n c l u d i n g,b U i r i CE l i��'t 2 9 d t 0,h e a l i n g a n d _ _�' .
<br /> coolirtp equipment and togett�ta°�rlth ihe hon�estead o�m�rital interests,d any,wtR`ci�interests are horetsy rc�ry=sed and waived;a8 -
<br /> � cf whiCh;incfuQinp replacementa and adtlit�ons thereto,is horeby doclared to be a part ot tha reai�state aecured by the hen o1 t�ie
<br /> , � Qeed ot T�ust end all ot the(oregoing being reterred to herern as tho°Praperty". �
<br /> � This Oeed of Truat aha�l seCUre(a)tA9 Oayment ut the pr�nCipal sum and�nCr�st evidence0 by e p►omissory note or credit
<br />' � agreement dated �ld�� 1990 , having a matunry�d:�ot _ Ma.X_ q� I9s93 � , �
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<br /> � . ' in the orlpinel principa��mount ot S _10�020.50 ,and any and al!mcC.`�;,ations,ex.�e�sions and ranewals
<br /> ` ther�pl or theroto an0 any and atl future e�fvancos and roa0vancea ta Borrower (or any c+;!�e� �f mc*e Lfian orte)hereuncter
<br /> ;�
<br /> � p��sant to one or mare pram.;�sory stotes or cr�tlit agrec�mer�ts(hnrein caVed"t�a�.e'i.(D)the Aayment of ctr�r sums advanced by
<br />• � Lendet to protect tho security ct Ehe Nofe:(c)the porforrtranct�of aU couenants anC a��eornents ot SruStpr 981 fo�fh hdrgln;and(d}&U i—
<br /> ,present an9 tt�!ure i�deDteQnQ�3 and obNgAtipns ot Borrowor(o►Any of thorn it mor�tnan on�►to Lander whothar dtroct,indireCt, "`�
<br /> ; abaotute or cont�nflvnt and whetf�er ari�ing by note.guaranty,overOraft or otherwise The Note,this Oeed of Trust and any And all �
<br /> '. � other dOCUer�tsth?�gnCUre lh�NOte or ofherwise�xctcut94 in.COnneCtion therAw�th,�nr.ludm�without limitatlon guaronte�s,security
<br /> ayrdumonta and as�!�nments ot leases end renss,shall b�roferretl to herein as thn�'t oan�nstruments'. ' �
<br /> Tru�to►covenants aad egrees with Landar as tollows:
<br /> ; 1. Pay1�lMI ol tnd�btldANS.AIt iRdebtedne9s s�curad h�reby shatt be paEd when due.
<br /> . 2. Tlfl�.Yrustor I�the owner ot th�Prvperty,hiJS thfi nghl and authonty to convay ttra PropE►rty,and wa�rants that thp tien
<br /> � crHeted hereby IS a 11i�t and prtor lien on the property. b�capl lar uans and oneumbrancos 3ot torth by Trusto► in w�it�ng and �
<br /> • delivered to Lender betore execution ot this�esd ot Trus1,flnd tht�e�E�cution nnd delivory ot th�s Qeod o►7rust does nut v�plAto tlny
<br /> contracl o►other obllgation to which Y��stor�s sub�ect
<br /> , 3. TaxN,MNNrtNnb.To pay beforo detinquency af�tax�s.special aasassmanty t�nd�+II other cfia:�e9 oda�nsl tho Property
<br /> now or hereafte.r fevled. -
<br /> . � 4. In�uanc�.7o keepthe P�apflny inaured againstdamago by bro,haroras inc�uded w�ti��n Iho turm��pxt�nd6Q CnvOrAQO",and
<br /> { such othar harards As Lc�ndor may roquird.�n timounts�nd with comp�n:e�atceptabt�t�Lendor,namin�J Lender ns an<�d�itivnal
<br /> named�nautad,with toss payat5totothe tvnder.tn Cpsv of los�undvr such ptsl���es,thc�i.c�nd�r ic�utr6r+zcd tcs arJ�t�st.cc,►t�rct ttrrd
<br /> comptomlae,all claims ther�under and shall hav�tho opt�on ot upptyiny aU o►pare c�tho�nsusance proceads(�)to bny Ind�btadnsss
<br /> , secured heroby snd�n such G:��as Lende�may d�termine,(n)to thd Trusto►to be usad tor thp repa�r ar regtaation at the i'roperty �--__---�
<br /> or Qli}(or any olher p��poseo�Cr;eCt s�t�s!�4'�ry t0 Lender w�thout�tNocGng thu I�an ot tn�s ne�c'Tru�t tar c^e jr�I amoun!secured � �
<br /> , hereby bete�re s;r�:payr.^ert���e�r tocx��F.o.Any ppp►�cation�f pr�.e�dS to mdCbtedness.'c'��'%3 ':ot e�,e^•�r f,srpc^e��d�e ;
<br /> � date ot Qny piy^°�;fY u^Ser•.�s Not�o�Cute any deta:�H thereur�;�•�r horour,dvr. ;
<br /> 15.EiCtOflr.tJpOn wr�tter.��,me�nd Cy i.9nC8r,Yru5i�s 9"a��r��r?5 ien4et.m Suvh rnai�^Er�9:,:•^�°:�*.�:d�;5ig�a�e.5��`.`.�v;��t . �
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<br /> - _ _ - s�f�err�$fefi.errdertop3'�t3��ey�0'^�Qt7e�0"ts��r°s�66�C`"�'�:'bWfrt�:i°;�t5it63.a'3���'p`�"i������yrEi��rgg3a��r,"� - _ -
<br /> � trcb F°{opetty.(ii)fhe p�em�uns on tho�ec�erty m�urancv taquira�re,c�c,ndc�r,an��,i��tRq p.F:�:.;:tng dn�ny mp�tsagg ingUrFinCf3 ,
<br /> , rdquired Oy Lender.
<br /> E. M�ir.bM►�e�,R�p�irs and Compllane�wlth Laws.T�ustor sha11 kdop fh� �roperty in good cpr.d�hon�nd rapgu,shal�
<br /> � pr�mpUy npilt,or repl2tce nny lmprovement whlch may txy dam�ya� or tldstrnyeA, shalt not comm,t o► perm,t eny waste a�
<br /> 8ettriOrAtlpn otfhti Pro�ertyr;�hnik nof�umovv,dQmofi9h or bub9tnntinlly t�lt�r ar�y o!thp imprE�uem�nts an the F'rUpeity,shaa r,�t h
<br /> C�mntl6�ufter ot permltanyaCtto bo donp�n ar upon the Property in v�c�l�ytion�t trny faw,vrd�nf�nc�.Or r0gulc�btitt.And s�a�t pay and
<br /> promptty disChatg�et Tru�tor's Cvst nnd oKp�nso ttl!IIUr�g,enturttbrc�ne�s�nd charg�s lev��ti,imaused or as�ossed ag�inst tha
<br /> � �fUj1@ln(�f Sfly aBlt 1h8t�q�. - �
<br /> �. Ef�HI��II�.Lf1fi(IOI 19 F1Q[�hy Fl�IgitQ(�(!If Cf�tttj7f"ti9ilPtU(�.award�,tiah�aau�apcf vthcr��/yt7i�i1�19 UI li�lt(!f�uE�ti'tttcl��fSt- . _p ���
<br /> °P�acavds��i+nconrtecttan with eartdamnat�are ar ott�vr tctk�n{J at the wrvpv�fy c�r���et c«ero�yt,or t�,�cv��ve���cE*�r,t«,u vi evr,c�t;mr�t�- '
<br /> tiQtt L(3t1Q9t 5ltglt bElOnttti�t}O��t9 ppt�On t0 cOmmOnCb.appttaf in e'1n(t p►uSGC:ltU rs��fS�J�h t:(�mf��t�,y.�l:tiU�r t7r���nt Hr(3�nCJ9 ilnd
<br />• 6�►Utl Q15d A6 OntdtU€f fv mnko nny comC romisa ot s(�ffl�rr��!nt ii� GU��I1�C�13h W tIF!$�j(t�E 1Fl���7(��F.�!U:i�n:�y�� ti�(h<�t���u�t t�py Uvrt�urs Uf
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