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<br /> � �' � - - r � � DEED OF TRUST WITH FUTURE ADVANCES
<br /> •.THIS DEED OF TRUST, Isrmade as of the �6th day of OCtober , �9 99 ,by and among y
<br /> . . ,. .
<br /> theTruscor, ' ���vin�� Sai�: Wil�iams� and Patricia D. Williams, Husband and Wife �
<br /> whose mafling addreas is` `�065 Stau�s Rd., Grand Islanc�, NE 68803 (herein "Trustor," whether one or morel,
<br /> the Trustee, , � Ba�k of�;Doni�han ,
<br /> . , ,, . . ,�.
<br /> whose mailing addrese Is �`�' �•�•: BQx 27Qi Doniphan, NE 68832 (harein "Trustee"1,and
<br /> the Beneficlary;'..�''.�����'p�>'�niphaa� ,
<br /> . . ' . .� � .a . ,. .�. T: . . . .
<br /> whose mafling addresa is«'���'�`•'` BOX 2s7.0, Donlphari, NE 68832 (herein "Lender").
<br /> . FOR VALUABLE CONSIDERATION,Includfng Lender's extension of credit(dentifled herein to
<br /> � Melviri T�. Wi�Yiains 'aric� Patricia D. Williams
<br /> , _ . . � .
<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 �eal .
<br /> property,described as follows:
<br /> The Northerly Si�ty-Si� Feet (N66' ) of the Easterly Twenty-Two Feet (E22' ) of Lot Two (2)
<br /> ,The Southerly S_i�ty-Si� Feet (S66' ) of the Easterly Twenty-Two Feet (E22' ) of Lot Two (2)
<br /> and the Southerly Eighty-Eight Feet (S88' ) of Lot One (1) all in Blaock Thirty Seven (37)
<br /> PROPERTXrADDRESS�a37�,nN�ELMtyGRANDrISLAND1anVdE, H�1�1Coun y�41�e�r�CUST, GRAND ISLAND, NE'`
<br /> 6 8
<br /> The Southern Tt�renty� Six Feet (S26' ) of L�t Two (2) and the Northern Fourteen Feet (N14' )
<br /> ofT�bt Three ,(3} ofT'Bloack Orie (1) of Hann's Addition, Grand Island, Hall County, Nebraska.
<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 thet 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 marltal 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 shail secure(a)the payment of the principal sum and interest evidenced by a promissory note or credit
<br /> agreement dated October 26, 1999 , having a maturity date of July 25, 2000
<br /> .
<br /> in the original principal amount of 8 40�000.00 , and any and all modlfications, extensions and renewals
<br /> thereof or thereto and any and all future advances and readvancea to Borrower(or any of them if more than one) hereunder pureuant 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 performence of all covenants end agreementa of Trustor set forth herefn; and (d) all present and future
<br /> indebtednesa end obligationa of Borrower lor eny of them (f more than one) to Lendet whether direct, Indirect, absolute or contingent
<br /> end whether erlsing by note, guaranty,overdraft or otherwiae. The Note,this Deed of Trust and any and all other documents that secure
<br /> the Note or otherwlse executed in connectlon therewith, including without Iimitation guarantees, security agreements and assignments
<br /> of leasea end rente,ehell be referred to herein as the"Loan Inatrumenta".
<br /> Trustor covenante and agreea wlth Lender ea follows:
<br /> 1. Paymant of Indebtedness.All Indebtedness secured hereby shall ba peid 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 a first end prfor Ilen on the Property, except for Ilens and encumbrancea aet forth by Trustor in writing and delivered to Lender
<br /> before executlon of this'Deed of Trust, and the executlon and delivery of this Deed of trust does not violate any contract or other
<br /> obligation to which Trustor(s subject.
<br /> 3. Taxes,Atseasment�.To pay before delinquency all taxes,special assessments and all other charges egalnst the Property now or
<br /> hereafter levfed. "� " '
<br /> 4. Insurenc6:1 To�ke p�the Property Inaured against damage by f(re, hazards, included within the term "extendpd coverage', and
<br /> such other hazerds'as`Lende�may require, in amounts and with companies acceptable to Lender, naming Lender as an additional named
<br /> insured, with loss payable to the Lendar. In case of loss under such policiea, the Lender is authorized to adjust, collect and compromise,
<br /> all claims thereunder and shall have the optlon 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 used for the repair or�estoration of the Property or(iii) for any other
<br /> purpose or object satisfactory to Lender without affecting the lien ot this Deed of Trust for the full amount secured hereby before 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 defau�t thereunder or hereunder.
<br /> 6. Escrow'. Upo� wrttten 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, asseasments and other charges against the
<br /> Property, (iq the premiuma on the property Insurance required hereunder, and (ifi) the premiuma on any mortgage Insurance required by
<br /> Lender. � - .
<br /> 8. Malntenance, Repalrs end Compllence with Lews. Truetor 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 ot the
<br /> Property; shall not remove, demolish or subatantially alter any of the improvemente on the Property; ehall not commit, suffer or permit
<br /> any act to be done in or upon the Property in violatlon of eny law, ordinance, or regulation; and ahall pay and promptly dlacharge et
<br /> T�ustor's coat end expense ell Ilens, encumbrancea and charges levied, imposed or assessed against the Property or any part thereoi.
<br /> ;
<br /> NBC9467A (Non�prlaultunl De�d1 R�v.iZ187
<br />� �1988 Netlon�l B�nk of Comm�ra�Tru�t and 6wlna�Auoclatlon.Llncoln.Nehre�k�
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