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<br /> , , 99 109720 �
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<br /> DEED OF TRUST WITH FUTURE ADVANCES
<br /> � , �
<br /> THIS DEED OF TRUST,is made as of the I4 th day of___Au�us t , 18 99,by and among ��-,�
<br /> .
<br /> cneTruscor, Larry Mulliqat� and Lenore Mulligan, . husband and wife
<br /> .F.
<br /> 2907 Inde�ennence Ave. Grand Island
<br /> whose mailing address is�_W_�_.._�,��� > >(h�� "Trustor," whether one or morel,
<br /> tneTruscee, Bafii��o��Doii_5_phan � � -
<br /> whose mailing address ts B O X 2��� D o n i phGtl� N E ��8 3 2 (herein "Trustee"),and
<br /> theBeneficiary, Bank of Doniphan. ,
<br /> whose mailing address is ' $e�� ��n��B e��F���,��]� ($�,�a (herein "Lender").
<br /> FOR VALUABLE CONSIDERATION,including Lender's extension of credit identified herein to Larr� and
<br /> Lenore Mull;Aban �
<br /> (herein "Borrower", whether one or more) and the trust hereln created, the
<br /> receipt of which is hereby acknowledged,Trustor hereby irrevocably grants,transfers,conveys and assigna to Truatee, IN TRUST, WITH
<br /> POWER OF SALE, fior tha benefit anri securiti of �ender, und�r and subject to tha *.erms and con�fitions hereinaft�r set sorth, the real
<br /> ProPercy,describedasfollows: LOt Tnree (3) , Amick Acres East Subdivision,
<br /> Hall County, Nebras'�a.
<br /> PROPSRTYADDRSSS: #3 Sonja: Drive, Doninhan, NE 68832
<br /> Together with ail 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, heat(ng 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 estete 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 Augus t 24, 1999 , having a maturity date of February 20� 2000
<br /> ,
<br /> in the original principal amou�t of 6 2 5 ��2�. 5� , and any and all modificatlons, 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 obflgatlons of Borrower (or any ot 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,ahall be referred to herein as the "Loan Instruments".
<br /> Trustor covenents end agrees with Lender as follows: ,
<br /> i. Payment oi Indebtedness.AE: indebtedness�ecura�herevy shall be pa!:+when due. `
<br /> 2. Tltle.Trustor is the owner of the Property, has the right and authority to convey the Property, and warrants that the lien created I
<br /> hereby is a first and prior lien on the Property, except for liens and encumbrar.ces set forth by Trustor in writing and delivered to Lender
<br /> beFore execution oi this Deed of Trust, and the execution ar�d delivery of this i�eed of trust does not vlolate any contract or other
<br /> obligation to which Trustor is subJect.
<br /> 3.Taxes,Aasessmsnts.To pay before delinquency all taxes, special assessments and ali other charges against the Property now or
<br /> hereafter levied. ` ' '
<br /> 4. Insurancs. To�keep the Property insured against damage by fire, hazards, included within the term "extended caverage", and
<br /> such other hazards as Lender may require, in amounts and with companies acceptable to Lender, naming Lender as an additional named I
<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 /> ali claims thereunder and shall have tha 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, (ff)to the Trustor to be used for the repair or restoration of the Property or(iiq 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 applicatlon 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 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) ell taxes, assessments and other charges against the
<br /> Property, (ii) the premlums on the property insurance required hereunder, and 1ifi) the premiums on any mortgage insurance required by
<br /> Lender. �° •�
<br /> 8. Malntenence, Rspelrs and Compllence with Lews. Truator shall keep the Property In good conditfon and repair; shall promptly
<br /> repair, or replace any improvement which may be damaged or destroyed; shall not commit or permit any wasta 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 violatfon of any law, ordinance, or regulation; and shall pay and promptly discharge at
<br /> Trustor's coat end expenae ell Ifens, encumbrances and charges levied, imposed or assesaed aga(nst the Property or any part thereof.
<br /> , NBC3467A INoneodculturN Dssd)Rsv.12/97
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