|
�
<br /> A C =. � : . .. .! J � � . .�.�, . .. .. .. .... . ......
<br /> i D l.�J n N � „
<br /> � n n Z � _ � C � 0 rn
<br /> T ' m �
<br /> C3 � rt� —1 � `
<br /> E'� _ �' � � `:.�, � r,,� � �
<br /> � � � -< o � �
<br /> d -n ci
<br /> '� o C''l` -`] -n Z �.. �
<br /> � � � � -n � � m cn
<br /> G r �� T��a � � � �
<br /> r � g� t*1 � � �-- y, � �N-r
<br /> '� y `' S � �" C/� �p �L'
<br /> � � � � � �,, � D O �
<br /> � . , '' —C .�... p �-�+-
<br /> a � � � ,_:� Gn �
<br /> �
<br /> j . . � 99 f�$ 9a0 0
<br /> � DEED OF TRUST WITH FUTURE ADVANCES
<br /> THIS DEED OF TRUST, is made as of the 2 3 r d day of Aug u S t , �g �9,by and among �
<br /> 0
<br /> theTrustor, Pav:la M. `Proehl n
<br /> ,�� _.
<br /> and i2�ger D. Imler,' an unmarriea person
<br /> whose mailing address is 431 Eas t Hal1 , Grand I s land, NE �hereln "Trustor," whether ona or more),
<br /> the TfUSte9, R a n lr n f Tl nn i r�?�a n
<br /> whose mailing address is P � �Y2�.f_,�At���l�-�--�11� 6$$��.�. (herefn "Trustee"), and
<br /> the Beneficiary, Rank nf Tlnni nhan ,
<br /> whoae mafling addresa fs P•�• �O X 2��� D o n i phan, NE 6 8 8 3 2 (herein "Lender"). j
<br /> FOR VALUABLE CONSIDERATION,including Lender's exten�ion of credit identified herein to P gul a M_ P r n a h 1
<br /> and Roger D. Imler
<br /> lherein "Borrower", whethe�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 /> Propercy,describedasfollows:LOt One Hundred Thirty Seven (137 ) in Buenavista
<br /> Subdivision an Addition to the City of Grand Island, Hall County , �
<br /> Nebraska
<br /> PROPSRTY ADDRSSS: • a , ran s an ,
<br /> Together with all buildings, (mprovements, fixtures, streets, al�eys, passageways, easements, rights, privileges and appurtenances
<br /> located thereon or in anywise pertaining thereto, and the rents, issues and profitg, reversions and remainders thereof, and such personal
<br /> property that is attached to the fmprovements so as to constitute a fixture, including, but not limited to, heating and cooling equipment;
<br /> and together with the homestead or maritai interests, if any, which interests are hereby released and waived; all of which, inciudin�
<br /> replacements and additions thereto, ts hereby declared to be a part of the real estate secured by the Ifen 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 Augus t 23� 1999 ,having a maturity date of December 25� 2003
<br /> in the original principel amount of 9 2 5 ,�0 5 . 4 9 , and any and all modificattons, 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 promtssory notes or credit agreements (hereln celled "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 oblfgations of Borrower (or any of them if more than one) to Lender whether diract, 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,ahall 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. Tttie.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 detivered to Lender
<br /> before execution of this Deed of Trust, and th� exocutian srRi�{k!ive�� . . �rvtoTgTS�ffr y'contract or other
<br /> obligation to which i rustor is subject.
<br /> 3. Taxes,Asaessmenta.To pay before delinquency all taxes, special assessments snd all other charges against the Property now or
<br /> hereafter levied. � � '
<br /> 4. Insurence. To keep the Property insured against damage by fire, hazards, inciuded 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, (li)to the Trustor to be u�sed for the repair or restoratfon of the Property or(ifi) 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 befora such
<br /> payment ever took place.Any application 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 /> b. 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 es they become due one or more af the following: (i) all taxes, assessments and other charges against the
<br /> Property, (ii) the premiums on the property insurance req�uired hereunder, and (ffq the premiums on any mortgage insurance required by
<br /> Lender. ' -- •-
<br /> 8. Msintenance, Repelrs end Compllence with Lews. 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 /> P�operty; shall not remove, demolish or substantielly alter any of the improvementa 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 /> T�ustor's cost end expenae all Ilena, encumbrancea end charges levied, imposed or asseased egainat the Property or any part thereof.
<br /> NBC9467A �Nompricultursl Osad)Rsv.12/97
<br />
|