|
� , , t= � D CD b -�si '
<br /> C/�
<br /> m CDn � � �D � � � 1� I�'I
<br /> C „Z �
<br /> � (1 = N � r -�[ p �� c'�c
<br /> r+ � � r Q � '�7 � cD
<br /> F—+ '*1 Q-
<br /> -*� �,(,, e'�
<br /> � _ . • o m `'� � � � p v�i
<br /> � , rn � r-- �7 � �
<br /> v r �
<br /> , � W � � �
<br /> � G,� ...,... � c�D
<br /> � � 9 1�0664 $ � -� � °° �
<br /> z
<br /> DEED OF TRUST WITH FUTURE ADVANCES p
<br /> THIS DEED OF TRUST,is made as of the 1�t day of_ Jll ly , 1 g 99 , by and among q,
<br /> tnerr�sto�, Aaron V. . Burr and Lisa M. Burr �
<br /> }�ttc}�•+nrl �nrl ��' Fe .
<br /> whose mailing address is 110 6 E 1 m, Wo o d R i ve�� NE 6 8 8 8 3 (herein ^Trustor," whether one or more),
<br /> theTrustee, __Bank nf i�nni r�ha„
<br /> whose mailing address IsV P. 0. i30 X 2���� D�n; �n� NF h R R'�� (herein "Trustee"),and
<br /> the Beneficiary,Bank��of DoniAhan
<br /> whose mailing address is� � $A�� ��e���������8�,, (herein "Lender").
<br /> FOR VALUABLE CONSIDERATION,including Lender's extensfon of credit identified herein to Aaron V. Burr and
<br /> —I_�l Ca M_ Rtirr �
<br /> (herein "Borrower", whether one or more) and the trust herein created,the
<br /> receipt of which is hereby acknowledged,Trustor hereby irrevocably grants,transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br /> property, describedasfollows: Lots One (1) and Two (2) , Moseman Subdivision,
<br /> Hall County, Nebraska.
<br /> PROPERTY ADDRESS: 1106 Elm, Wood River, NE 68883
<br /> Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances
<br /> located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such personal
<br /> property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equipment;
<br /> and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which, including
<br /> replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of
<br /> the foregoing being referred to herein as the "Property".
<br /> This Deed of Trust shall secure (a)the payment of the principal sum and Interest evidenced by a promissory note or credit
<br /> agreement dated July_ 1 � 19_�9 , having a maturicy date of _ December 2g � 1999
<br /> in the original principal amount of $ 74 � ���. �� ,
<br /> , and any and all modifications, extenalons and renewals
<br /> thereof or thereto and any and all future advances and readvances to Borrower(or any of them it more than one) hereunder pursuant to
<br /> one or more promissory notes or credit agreements (herein called "Note"1; (b) the payment of other sums advanced by Lender to protect
<br /> the security of the Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all present and future
<br /> indebtedness and obligations of Borrower (or any of them if more than one} to Lender whether direct, indirect, absolute or contingent
<br /> and whether arising by note, guaranty, overdraft or otherwise. The Note,this Deed of Trust and any and all other documents that secure
<br /> the Note or othe�wise executed in connection therewith, including without limitation guarantees, security agreements and assignments
<br /> of leases and rents,shall be referred to herein as the "Loan Instruments".
<br /> Trustor covenants end agrees with Lender as foliows:
<br /> 1. Payment of Indebtedness.All indebtedness secured hereby shall be paid when due.
<br /> 2. Titla.Trustor is the owner of the Property, has the right and authority to convey the Property, and warrants that the lien created
<br /> hereby is a first and prior lien on the Property, 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 execution and delivery of this Deed of trust does not violate any contract or other
<br /> obligation to which Trustor is subject.
<br /> 3. Taxes,Assessments.To pay before delinquency all taxes, special assessments and all other charges against the Property now or
<br /> hereafter levied.
<br /> 4. Insurance. To keep the Property insured against damage by fire, hazards, included within the term "extended coverage", and
<br /> such other hazards as Lender may require, in amounts and with companies acceptable to Lender, naming Lender as an additional named
<br /> insured, with loss payable to the Lender. In case of loss under such policies, the Lender is authorized to adjust, collect and compromise,
<br /> all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby
<br /> and in such order as Lender may determine, (ii) to the Trustor to be used for the repair or restoration of the Property or(iii) for any other
<br /> purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured hereby before such
<br /> payment ever took place. Any application of proceeds to indebtedness shafl not extend or postpone the due date of any payments under
<br /> the Note, or cure any default thereunder or hereunder.
<br /> 5. Escrow. Upon written demand by Lender, Trustor shall pay to Lender, in such manner as Lender may designate, sufficient sums
<br /> to enable Lender to pay as they become due one or more of the following: �i) all taxes, assessments and other charges against the
<br /> Property, (ii) the premiums on the property insurance required hereunder, and (iii) the premiums on any mortgage insurance required by
<br /> Lender.
<br /> 6. Malntenance, Repafrs and Compliance with Laws. Trustor shall keep the Property in good condition and repair; shall promptly
<br /> repair, or replace any improvement which may be damaged or destroyed; shall not commit or permit any waste or deterioration of the
<br /> Property; shall not remove, demolish or substantially alter any of the improvements on the Property; shall not commit, suffer or permit
<br /> any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and shall pay and promptly discharge at
<br /> Trustor's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Property or any part thereof.
<br />
|