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<br /> DEED OF TRUST WITH FtJTURE ADVANCE�' a `'��
<br /> THIS DEED OF TRUST, is made as of the
<br /> 30th day of June , 19 99 ,by and among �
<br /> theTrustor, �+RRY J CORDES, , A SINGLE PERSON
<br /> whose mailing address is
<br /> 2419 DEL MONTE AVE GRAND ISLAND NE 6880�h����rustor," whether one or morel,
<br /> the Trustee, THE OVERLAND NATIONAL BANK OF GRAND ISLAND �
<br /> whose mailing address is
<br /> P O BOX 1688 GRAND ISLAND NE 68802 (herein "Trustee"1, and
<br /> the Beneficiary, THE OVERLAND NATIONAL BANK OF GRAND ISLAND
<br /> P O BOX 1688 GRAND ISLAND NE 68802 (herein "Lender").
<br /> whose mailing address is •
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to I+ARRY J CORDES
<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, described as follows:
<br /> The East Twelve (12) feet of Lot Seven (7) , and the West
<br /> Blain Addition) toethe�C tytof1Grand�2sland,cHallrCounty,
<br /> Nebraska.
<br /> PROPERTY ADDRESS: 518 E 19TH ST
<br /> Ggp,ND I g I,p,ND, NE 6 S 8 O 1-
<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 /> andacements nId addit ons theee o�is hereby Ideclared to be a particof the r eatlsestate srecuredlby the I en ofathis�Deed o Trust and a�ll of
<br /> rep
<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 /> O1, 2004
<br /> agreement dated June 30, 1999 ,having a maturity date of July •
<br /> in the original principal amount of S
<br /> 12,219 .15 , and any and all modifications, extensions and renewals
<br /> thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder pursuant to
<br /> one or more promissory notes or credit agreements (herein called "Note"); (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 otherwise 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 and agrees with Lender as follows:
<br /> 1. Payment of Indebtedness.All indebtedness secured hereby shall be paid when due.
<br /> 2. Title.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 acution of th sr D ed of Trust pand'the executiofnnand del v ry of th ss Deed i tust rd esr notNViollate any cl ntract o L other
<br /> before exe
<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 /> hereafterlevied.
<br /> 4. Insurence. To keep the Property insured against damage by fire, hazards, included within the term "extended coverage", an
<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 indebtednass 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(iiil for any other
<br /> purpose or object satisfactory to ieca eo o�fhpfoceeds to ndebt dness shalDl not ext nd or postponel the due date o fanyrpayments under
<br /> p a y m e n t ever took place. Any app�
<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 becoma 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. Maintenance, Repaira and Compliance with Laws. Trustor shall keep the Property in good condition and repair; shall promptly I
<br /> rapair, 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 tha Property; shall not commit, euffer or permit
<br /> anYstor's cost and expanse all liens,en uembran e'slanld charges lev edoim'posed�or assess d gainst the�P operty oPanyppa�tthe eo9e at
<br /> Tru
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