|
-' , _ _ � � .. �
<br /> . . ' ' ' � ` , . " � /� . __..., . ._ _ ' � .
<br /> . . . ---. -.-.`._ - ---- � , , ^ .t COl�RECTED?.,� ' - -- - , -
<br /> _ ;�; • � . . . t , ; ' � : . . `
<br /> � t � �` ' ` . OF OEED OF TR�lST � ' � ,
<br /> , � � -� iQ�425 � � . 90-- i0�2705 : .
<br /> , , w�o�si�r�s�s�s�t,�'tEC+ORD�_... . .
<br /> � `�orrawrs(lTnNtat)und�r�L�+�d tMti tM doeurtNnt tl�ai th�8crmrr�n ar�abozst to�x�eute is�ONtl of Tnnt aad rqta mart�and that tM porr�►of tW ,
<br /> � ' _ �ad�lbtDl�o!?n�st.a��11a�l�,lA�l.tet�Qtf1r�sri�! �sR�alPrapsrlytwlGOytts+TrwH�r�wifNout�nY aivdki�iptoCMdinO to�aw�s. .• .
<br /> /atolwri wpMwK v�w�trant fhat tAb aetnowl�lpw�nt w��ueahd by them�No�tM�x�cutlon ot tM Ddd Of Tnat.' . . ' '
<br /> � � � ' ���.������.�`c� ��
<br /> � _ � .
<br /> � .. . , , . �.►
<br /> • , � �DEED OF TRUST WITH F1Rt1AE ADVANC i�RQY1810N �
<br /> . �, ,.
<br /> _ mis�oos�rnusT.n�,�w...oru,. 7tfid.yor �y , .w 90 .oyar,eanw�m,Tnw�o,.Dixie Nuhhard� � � '
<br /> � , �d .Larrv G. Bo�seri, husband and wife � ,�,,,,�,,,,,,,�,�,,,,;�.3bQ4 So. Bla�ne. Grand Island� NE � ,
<br /> • (IwMn"Barow��').th�7�usuR �-@1'ai3E� 6. 30f1£S �
<br /> � 1218 L. St., l��rora, [�E 588�1 f � .
<br /> ' �0�^�aaa�.a , i+Mntn'Trwt»7,�ne r1t�BsrwelWry. -.��
<br /> . • First Nat�onal Bank oP Marquette,w,,�,�,,,i�,��,,P.O. Box 39, Marquette, NE 6$854 ��,,,��y � .
<br /> fORVAtUABLECON3IDERATION,IntluCiriqtltelnd�hpdn�ss id�ntiflsd heretaand trust hereineraats0.tMrealPtotwhicA isNSrsbyacicrtoMUdp�d,Borrow�r
<br /> ' Mnbyirt�r0efbiytqnnb,tran�h�s,eonwysartd�u(QnstoTnut�e.INTRUST,IHITHPOWEROPSALE.toctfuanetitanCwcurityqfL�nWr,urfdN�ndluDjsclt�tM
<br /> . Mnns�nd conqibions MrainafMr Wt torth.tM ral propsrty.dalcriQed in F.xhibit A attachetf hereto and ineorpontad�eroin by tAla roferonce: '
<br /> Toq�tlNr vith vl DuiWinya,improv�m�nts,fiuh�rq,streets,alieys,passsga�rays,easamenp,riqhts,psivilsQes anQ apDuRenanees located t8ereon or in anyw(se
<br /> pMi�il�tllp thNNO an0tl»�nta,ifru�s�nd prafib.r�nMipns�nA�emsi�det6 thereol:inetuding.but rtot timitbdt0.?�td�Qfnd COOlittp equ►pmentandfuCh pff�Onal .
<br /> prop�rlythaHsattie�dtoth�improwm�rttssoa�toconstttute�tixturo:endtogethe�wlththehsmsste�dormarits11n2srosb,H�ny,wtfiehtnt�rKtsfreNenlsyretws�d � �
<br /> , �d1r�W�6;Mlotwhicfl,inGudinprplaumsritsandadditionsthareto.isheroDyQeclBreAtobeapaaoit�srqaleaqteaecuredbylhelienoftAisONOOfTn�st�rtAatlotthe -
<br /> ' , totppinp ONnp�h[nd to IlsrNn as tNS"Woparty'• �
<br /> I � Tjib DNd Of Tnnt sNali s�curo(s)the pay�nent of the p�irteipal sum and intere�t evldenced by Bortower3 note Qsted Ma�99O , �
<br /> t nar+�.�„�e,►a�.a May 1. 1995 .in the ori ina!ptlncipat smount ot�7-000.QEl �
<br /> � ntNwrlttMrwfaHMrNoanl�anyand�Ofuture7�WancesanQroaAvanceshsreunderpursumttooneormorepromissorynote�(lyierefncattail"Notat(};(b tMpaymentot
<br /> i Wh�rwinw�QwnoWbyl.Mdutoprot�cttl�swcurityofthisOeeGofTrust,withinteresttt�eroonuprovi0eainthsNote:and(c)thepertormanc�otaticownanttub
<br /> ! aprM+mtR Of BorrOtMl N!toftA Aenin. . •
<br /> j 8atowN,t0 pcOt�et the aaCVrity of thia E�eerS af Trust,caveaanq artd agcQes with LenQer as fotlOws: , � �
<br /> 1. lay�lMftol►rMa!/tl�rf(nMaN.Horrr�rershailprompttypnywrtenCuet�eprincipaiofandinterestpn.andanyteeaareharpasprori0afin,tneNOteorinUfis
<br /> t OMO,WTrw�. . . , , , .
<br /> .! 2. TIw.BorrowrtiatMowneroftl�ePrOpeRy.Aa�thess�*�andautDOnrytoconveythePropeRy,artdwanantathatthe►ientre�tedherebyisafirstandpriorUenon �
<br /> � iMProp�Ry,�;c�ptpm�yotherrWtsbesetfonbonExhibttAh�reto.andtheexeeutionandAeliveryolthisDeedolTruatdoe�eotvlotetssnyeontqctOrot�erobHpation �
<br /> to�Miid►�arow�r�s wbHct. {..'..
<br /> • 3. Tm�.A�rsMid�.Topay when due a0 tuce�,speciol assessmema and eU other cha►ge�sgainst the Property snd,udon written peman0 by Lertder,to piy to '
<br /> ' L�tfdK wdf�mount�f may W wflkNnt to anabp the Lsnder to psy auch taxs,assessments or other charge��s they become due. '. •1 :�
<br /> , �. UNIr�.Toksptl:�Prop�Ytyinsuredapainit0am�ysbyfirs.�aza�CSinetudedwithintheterm°extendWcover�ge",AndauchotherAazards�sLenderm�y '
<br /> • , ' rpW�l.inamounb�ndwitt�eompanfq�capt��Ntot�ndar,anOwlttltoSSpsys9fetotheLender.lowseoffwsunder6uchpoliCiel,thsLend�ris�uthorized�sstjuat, . -
<br /> � colNCtandcompromiM.ulehirt�dNrMrndn�ndsNUh�retheopuonotapptyingatlorpaROft!+einsunnceproceed�(i)toerrylnAebiedneasa�curadNanbyancfi+s±uef� �,.
<br /> � ' orA�rasL�r�rmaydNNmin�,(Ii)totMBorroweitobeuaadtortherepatrorres��a��anott�ePropenyor(lii)torenyotherpurposeorobjeClsatlttactarytoLenOer
<br /> � YYIthOUt�fNqllqlfNNMOtttltfOMdofTtuMtotth�full+MpunlNCUredMrebyte!��as�ctip=�r.r�enCevertoOkplace.A�yappflcitior�olprocNdatofndabtedneaalhafl .��
<br /> not�xNrM a Qostpon�th�Qw Gats ot any paymsnts undu the Note.Or cure a-yG°taJrt tRareunder or here�nder.
<br /> •�.
<br /> . S. MiM�Mp R�k��M Ce�ylt�np MAq�I.�NS,gerrower shall keea the Property in good cozpition and repair,shall promptty�p�ir,ar repiaea any '?
<br /> ImprownNMwtHeA may b�Qam��d orAastroyad;ahs(I not commit or permit eny waste or deterioration of the Property;ada1�not remove,Aemo�:sp or suDstantiaityaltar
<br /> • anyoftMimprov�mrnpontheProperty:a���Inotcommit,sutferorpermitanyactto60done�^G-uponthePropertyinvlolAtlonofanylaw,ordlnance.orreyulailon;and
<br /> eMilpayanQpromptlydf�chary��t8orrow�/�COSt�ndexpenaetllliena,encumbrnncesand c��;ealevied,impoaCdorassessedagalnstthePropeRyorarryp�rtthereot
<br /> , S. ��MsMM DO�Yti L.�sM�r is henDy atsiqned all eompensation,awards,damages a-�:ather paymenta or relief(herelnaftar"Proceeds"►in eonneclion with.
<br /> , cond�mrtatlonorotMrLkinpottMProp�riyorp�ritheroot,o�torconveyaneeinlieuotconde.r,�atlon.l,enG�rµ7a11beentitledatitaoptiontoeammence.eDCearin�n� 4�
<br /> proNCUt�in ifsown n�ms�ny�ction or proceedfnpa,and shall�I�o be entitte0 to make any compromise o�Se"%ement in connection witn nuc�taking or damage.ln the
<br /> awnt�ny portbn of tM Prop�rty ie ao tak�n or damp�,�ender ahstl have tn3 opt�on,in its aoie and absotute discretfon.to appJy et1 sueh Proceeds,atter detlucting
<br /> tMrdrpnaltppsf��eq�xp�nserincurrW by it in aonn�ctionwlthfuch proceeCs.:.�onany lndebtednessaecuredherebyandinsuChvrderas Lendermsydetermine,orto
<br /> �pWY a���uCb ProeNtlf.atter�uch d�ductlons,to the re�tontion ot the PropeAy upon auch conditiona es Lender msy determine.Any applicatlon of ProCeeds t0
<br /> InQ�DHdn�Y fhsll nqt sxffn0 or postpons ths dne dste o1 eny payments unOer tne Note.or eure any Aetautt themunder or herounder. ;,��'
<br /> 7. /rAaf�M�p��t�nN�.tnlhsev�ntOfBonower'efailuretopArtorma�yoftnecovanentsherelnormakeanypaymenterequiredhereby,orifanyactisakenor ' :�t
<br /> Np�lproeMdlnpeammmced wfllch matsrialtyrtteebLenQeralnterest InmeW.:�erty,Lendermay 1n itsowrtaiseretion,butwithoutobtig�tion to0oso,tndwithout noNee
<br /> . WorO�hnnduponBqrro�wrandwltAOUtniNainpBorrowsrtramsnyobHgation,eoanyacfwhichtne8onowerhasagreedbuftaitato0oendmay�ISOOoanyotheractit �
<br /> dNm�n�eNNry to probct the tecurlry h�nof.Borrower aha11,Immedi�tely upon demane tnerefor by lendet,psy to lender au costaand e�pensea incurrod and suma � �
<br /> �np�nGidbyL�nWrineontNCtionwlthtMex�r�ilsby LenQerof theforegoing righb,togetherwfth interestthereonatthe�ata DroviQed intheNOte,whtChsh�IibeedCedtO
<br /> � th��nd�bt�OnMS NCUtsO MroDy.lend�r ahdl not�ncur any per�onal Uebitlty because ot any:h�ng i�may Qo o►amit to do hereu�IIer.
<br /> � • • A. EIIMIY O/OtlMN.ThRf01t0YVirlp lh�11 COnstitutD an es:e�1 of f18lauit und9r this CeeC 4t Ttu91:
<br /> -- .. _ . _ .. ... . --- .....-�---- -°-----._.,. _. ,..--- - -....._.,.,.-----...... .... .... .
<br /> ! (a) i�ilur�topayanylnstallmeMOlprincipetorintere�tora^yc.hersucr.s:cureChetebywhendue.orfaituretopaywhendueenyotherindebtedne�aot
<br /> • Borcc+aer to lendsr,
<br /> ' ; � (b) A brNCtt o1 oI defauit unde�any provt�ion eonta�neC.:t:ne Noro.tr.,g�eed of Truat,eny document whieh secure�the IYote,an0 eny other
<br /> eneumbrana upon ths Vropetty;
<br /> i ' (c) Awrltc#exscutionorattachmentoianys�m;tsrproeessaha�lbeentere�ayainatHorrowerwhlenahattbeeomeaturnontneProportyoranyportion
<br /> tMaot or inNnst thtretn:
<br /> , (d) T�ere�hill ba fited by e-agatn�t Borrower an act�a^:��sr any presont or future fedoral,state or othe�statuto,law Ct regutetlon rotating to
<br /> bankruDtay,lnaoivencyorother re1�E:iorQebtors;or thereshalt be ar;,o.nteCanytrustov.receivo�or tiquidatorof 9orrower orotail orany{�a�iotthoProperty,or
<br /> , tFb ronfl,ISSqf!OI ptOf�t�thEfE01,or 8o�rower shau make any g9r.eral asalgnmont for Ihe benelit of creC�tora.
<br /> ' � (e) Tne ute,tan�fer,asSignment,CGnve�;��9 0�luritfer enCUmDranCe ot all or any part ot or any interesf in ttle Property,elther vot:�tArity ot
<br /> Invdunttdty,wlthout the ea0resa w4tten conser.^oa±gnGer. �
<br /> (f) IfBorroweri�notanlndivldual.thesale.transter.asaignment,conveyanceorencumpranceotmorethan percentof(ilacorparaUOn)Its � �'--^---
<br /> iNwd�nQ ouhtfnding ttoch Ot Q)s pattnerohlp)�pereeM O1 pednetShip IntBroSt9. � '
<br /> • � 9. �diN;AepINnYonlipanQNaulRlntheavenlolenyEventoltfefaultLendermaydeclar9ai11ndebtednes�securedhereCytobedueandpayableandthe '
<br /> . ssms 3t�attlk:seetpsa 5eeonta dwi tusd psyabla vdthout any presentr.terK.den'�es�t1.yr Wv�!ur mrfice of arry kmd.?nereaftttr LenOer may: . ` � '
<br /> (U Oeman4thetTroateee�cereisethePOWEROFSALEgrantadherein.andTrustee9haNtheteattercause9orrowor'einterestlntRePropertytobesold .
<br /> and tt�eproc�sds to b�distributed.et1 In the manner provldeC in fne NeGraska TruAt Q"eeds Act;
<br /> . (b) Eithsr in penon or by egant,with or without bringing any aetion or proceedmg,or by a►ecelver appolnted by a courf an0 without regerd to the `
<br /> adeQuaeyafitssecurity,enteruponandtakepnaseesionottheProporty.orariyparetnereof,initsownnameotintllenameatthaTrustee,ana8osnyact�wbicR ~
<br /> L It ANms necess�ry or debirabte to preaerve the vatue,matketebi►ity ot rentab�lity of the ProDerty,or pad thoreo}or interest thereln.{ncrease the inCOme
<br /> tASretrama►pratec7theseeuriryltere8f an0,wllhar without taWtng posses9ion of t119 Prbperty.suo toror otherwisecollecttnerenta.�ssuesand protitstn9reof,
<br /> InciutlinpthofepaatQueandunp�id.endepptytttesame,tesscvstsandexpensosofbpotation andcoliect�an�nciud�ngattorneys'tees,uponany indebtodne9s s�
<br /> aeeured hereby,atl lnauch order a�Lender may deternitne.Tneentering upon end taking possession ol the Property,ih0 COIIOCfiOn 01 BUCh f8nt9.ISSUB98fid ti
<br /> . . pratltsandthe�pplle�NoatherootasaforesalA.sMa1lnotcu�aorwaivganydefaul2ornoNeetlfdefauithe�eunderorinvatidateenyaetdon@tnre8p6nS9to8uCA � ' �(p
<br /> - • Qnfaull or pupuan!to3uCh nofleea)daleutf and.riotwlthstanding the sonti�uanc�r in�ossesslorr ot the Properly m the cottecttan,recerpt and applieBUOn 6t �y
<br />- ronts,iSSUesarprofits,TruSte90rL8nQ9tbhatibOOntilleQtoexarciseaveryrightpro4�dedfoiinanyofthBLoantnstrUmentsotby(awuponoecuranceolany � �
<br /> event of Eefaulf,inclueing tne nght taexerase tn�powor ot saie:and '�
<br /> �:. �.
<br /> _ _(C) ,COmmeneo an aCtian tu tomclose thi9 beaA o}Trust ag a mongaqe,appdini e recoiver.ot speciticatly eMo[Ca.any pf tttg to�8nsnts het6ol, � � � �
<br /> Notemedyherelncontorrad uponoe�95ervaAtotrusteo o►Lender Is�MOndetl tbbe oxctusivu otany ofhar remedy herein or Dy taw prov�dedorpe�m�tted.butoach sha�i oe
<br /> eumulaflv0.8h8l)�O ln additlon toovGty Oth9t f8medy given hereUndar b�novr Or hGttTBftor bxishng at law or�n eqwty Or by Statuto.artd mey bgexarCisAd cor�currenlly.
<br /> • Independontly ot succaselvtrty.
<br /> � ' . ' � �_.
<br />
|