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<br /> DEED OF TRUST WITH FUTURE ADVANCES �
<br /> THIS DEED OF TRUST, ia made es of the 23rd day of ��^e , 19 � , by and amon9 S
<br /> �
<br /> the Trustor, DAV1D D SWANSON AND PAMELA J SLIANSON, HUSBAND AND YIFE
<br /> whose meiling address is 1717 W ANNA ST GRAND ISLAND NE 68803-5926 (herein "Trustor," whether one or more),
<br /> the Trustee, THE OVERLAND NATtONAL BANK OF GRAND ISLAND
<br /> whose mailing address is P 0 BOX 1688 GRAND 1SLAND NE 68802 (herein "Trustee"1, and
<br /> the Beneficiary, THE OVFRI ANO NATit]YA1 aeur nF r.aaun Ts�eu�
<br /> whose mailing address is P O BOX 1688 GRAND ISLAND NE 68802 (herein "Lender").
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein toDAVID D SuANSON AND PAMELA J SYANSON
<br /> (herein "Borrower", whether one or more) and the trust herein created, the
<br /> receipt ot which is hereby acknowledged,Trustor hereby irrevocably grants,transfers, conveys and assigns to Trustee, IN 7RUST, 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 /> See Addendun "A"
<br /> PROPERTY ADDRESS: 1717 41 ANNA ST GRAND ISLAND, NE
<br /> Together with all buildings, improvements, fixtures, streets, slleys, 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 shell secure Ia)the payment of the principal sum and interest evidenced by a promissory note or credit
<br /> agreement dated March 14, 1996 ,having a maturity date ot March 19. 2001
<br /> in the original principal amount of S 36.000.00 , and any and all modifications, extensions and renewals
<br /> thereof or thereto and any end all future advances and readvances to Borrower (or eny of them if more than one) hereunder pursuant to
<br /> one or more promissory notes or credit egreements (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 end 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 tnstruments".
<br /> Trustor covenanta and agrees with Lender as follows:
<br /> 1.Payment of Indebtildness.All indebtedness secured hereby shall be paid when due.
<br /> 2.Title.Trustor ia the owner of the Property,has the right end euthority 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, �nd the execution and delivery of this Deed af 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 /> hereafterlevied.
<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 ahall 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 applicetion of proceeds to indebtedness shall 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 writtan demand by Lender,Trustor shall pay to Lender, in such manner as Lender may desig�ate, 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 insure�ce required by
<br /> Lender.
<br /> 8. Maintenence, Repairs end Compliance with Lewa. Trustor shall keep the Property in good condition and repair; shall promptly
<br /> repair, or replace any improvement which mey 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 Prope�ty; shall not commit, suffer or permit
<br /> any Act to be done in or upon the Property in violation of any lew, ordinance, or regulation; end shall pay end promptly discherge at
<br /> Trustor's cost and expense all liens,encumbrances and charges levied, imposed or asaessed against the Property or eny part thereof.
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