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<br /> . 99_ 1C►4��2�
<br /> DEED OF TRUST WITH FUTURE ADVANCES ,�
<br /> THIS DEED OF TRUST, is mede ss of the 19th day of APri� , 19 99 , by end emonp O'J.
<br /> �
<br /> the Tru�tor, FRED M RAUCH, MARGARET L. RAUCH (HUSBAND & WIFE)
<br /> whose meilinp add�ees ie 1720 W OKLAHOMA AVE GRAND ISLAND NE 68803-6201 iherein "Trustor," whether one or morel,
<br /> the Trustee, THE OVERLAND NATIONAL BANK OF GRAND ISLAND
<br /> whose msilinp addres�is P 0 BDX 1688 GRAND ISLAND NE 68809 Iherein "Truetee"1, end
<br /> the Beneficiery, THF OVFRI AYII NATi[1NAI RANK OF fRANII iSl ANf)
<br /> whose msilinp eddress is P 0 BOX 1688 6RAND ISLAND NE 68807 (herein "Lender"►.
<br /> FOR VALUABLE CONSIDERATION, includinp Lendar's extension of credit identified herein to FRED W RAUCH
<br /> MARGARET L. RAUCH
<br /> (herein "Borrower", whether one or more) end the truet herein creeted, the
<br /> receipt of which i�hereby scknowledqed,Truetor hereby irrevocably grents,trensfero, conveys and essipne to T�uetee, IN TRUST, WITH
<br /> POWER OF SALE, for the benefit and security of lender, under end subject to the terms end conditions hereinefter set forth, the reel
<br /> property,described es follows: p�act of land located in the SE!4 NW1/4 of Sedion 21,Township 11 No�th,Range 9,Wect of the 6'�'P.M.,Ilall County,
<br /> NeMraaka,more perticularly deacribed as follows: Beginning at a point on the South Side of Anna Street of the City of(3rand Island,Nebrnskn, I S feet F.nsl of the
<br /> Wesl side of Jackson Streel exlended southerly,said point is also 1010 Rel Southwesterly from a point where the Southerly line of Anna Street intersectc the F.a�l line
<br /> of the SE'/�NW'h of Section 21,in'I'ownship 11 No�th,Range 9,west of the 6'h P.M.,thence nroning in a Southeaaterly direction pnrallel with the Westerty line of
<br /> Jackson Street as extrnded a distance of 275 feet,thence running righl 90°in a Southwesterly direclion 273.9 feet to a point that is also 257.2 feet from point on the
<br /> Esst property line of the County Road,thence running right 90°along a line parallel with the West line of Js►ckaon Street as extended,n dictance of 127 feet,thence
<br /> right 90°along s line parallel with the South line of Anna Street 93.1 feet,thence right 127 feet along a line parallel with the Wect line of Jackcon Street�c extended
<br /> to Cloaure,eaid Cloeure constituting a Trect of land 127 feet by 93.1 feet.
<br /> PROPERTY ADDRESS:1720 WEST OKLAFiOh1A,CRAND ISI,AND,NE G8R03
<br /> Topether with sll buildinp�, improvements, fixturee, streets, elleye, passedeweys, eesements, riqhte, privilepes end eppurtene�ees
<br /> loeeted thereon or in anywise perteininp thereto, end the rants, issues and profits, revereions end remainde►e thereof, end aueh personel
<br /> property thet is etteched to the improvemente eo es to constituta e fixture, includinp, but not limited to, heating end coolinp equipment;
<br /> and topether with the homestead or meritel intarests, if any, which intereets are hereby reiaeeed end waived; ail of which, inctuding
<br /> replacements end additions thereto, is hereby declared to ba a part of the reel eetata secured by the lien of this Daed of Truet and ell of
<br /> the foretioinp beinq referred to herein as the "Property".
<br /> Thi�Deed of Trust shsll secure(e)the payment of the principel sum end interest evidenced by e promissory�ote or credit
<br /> sqrsement deted Aoril 19 1999 ,hevinp a maturity dete of April 19, 2006
<br /> in the oripi�el principsl emount of 9 10 000 00 , and eny e�d ell modifications, exteneione end renewele
<br /> thereof or thereto e�d any end ell future edvancea end reedvencae to Borrower (or eny of them if more than one) hareunder pursuent to
<br /> one or more promissory notes or credit agreemente lherein callad "Note"); (b) the payment of other eume edvanced by Lender to protect
<br /> the security of the Note; (c) the perfo�mence of ell covenanta end egraemente of Truetor set forth herein; end (d) ell praeent and future
<br /> indebtedness and oblipetions of Borrower (or any of them if more than one) to Lender whether direct, indirect, ebeolute or continge�t
<br /> and whether erisinp by note, querenty, overdraft or otherwiae. The Note,this Deed of Truet and any end all other documents that secu�e
<br /> the Note or otherwise sxscuted in co�nection therewith, includinp without limitetion puerenteea, aecurity epreements end aeeipnments
<br /> of leasee and rents,shall be referred to herei�as tha"Loen Instrumente".
<br /> Trustor covenants end eprees with Lender es follows:
<br /> 1. P�yment of lad�bt�dne��.All indebtednaes secured hareby shell be paid when due.
<br /> 2. Tkls.Tru�tor is the owner of the Property,hee the ri0ht and authority to convey the.Property, end warrents that the lien created
<br /> hereby ie a firat end prior lien on the Proparty, except for liens and encumbrances set forth by Trustor in writing and delivered to Lender
<br /> before execution of this Deed of Trust, and the axecution end delivery of this Dead of trust does not violete eny contrect or other
<br /> oblipetion to which Trustor is eubject.
<br /> 3.Tax��, A�w��m�nt�.To pey before delinquency ell texee, epecial eeaeeaments end ell other chargea egainat the Property now or
<br /> hereefter levied.
<br /> 4. Imur�na�. To keep the Property inaured epainst damage by fire, hezerde, included within the term "extended coverege'; end
<br /> such other hezerds es Lender mey require, in emounts and with compenies accapteble to Lander, naming Lender es an additional named
<br /> insured, with loss psyable to the Lender. In case of loee under such policies, the Lender is authorized to edjust, collact end compromise,
<br /> ell olaims thereunder end shell h�vs ths option of epplyinp all or pert ot the insurence proceeds (i) to eny indebtednese secured hereby
<br /> end in such order s�Lender may determine, (ii) to the Trustor to be used for the repeir or restoretion of the Property or Iiii) for eny othar
<br /> purpose or objeot sstisfaotory to Lender without affectinp the lien of thie Deed of Trust for the full emount secured hereby before such
<br /> peyment ever took pl�ce. Any spplicetion of proceede to indebtednees shall not extend or postpone the due dete of eny peymente under
<br /> the Note, or cure any defsult thereunder or hereunder.
<br /> 6. E�orow.Upon written demand by Lender, Trustor ahall pay to Lender, in such manner ae Lender may desipnate, sufficient eums
<br /> to enable Lender to pey es they become due one or more of the followinp: (i) ell taxes, essesements and other charpee egainst the
<br /> Property, (ii) the premium� on the property insurence required hereunder, end (iii) the premiums on eny morteepe insurence raquired by
<br /> Lender.
<br /> 8. Mslnte�enoe, Repsks �nd Complisncs with Lsws. Trustor ehall keep the Property in good condition and repair; shall promptly
<br /> rapeir, or replace eny improvement which may be damaAed or destroyed; ahall not commit or permit any waete or deterioration of the
<br /> Property; shell not remove, demoli�h or eubstentielly elter any of the improvemente on the Property; ehell not commit, suffer or permit
<br /> any act to be dons in or upon the Property in violetion of eny lew, ordinenca, or repulation; end ehell pey and promptly discherge at
<br /> Tru�tor's eo�t and expense sll liens,eneumbrancee snd cherpes levied, imp�sed.or esses�ed apainst the Property or eny part thereof.
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