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<br /> =�------ ACKNOWL.eDGBMBNT OF OEBD OR TRUBT 91„�„ 1(�881�
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<br /> "�'���`� TRUBTOR READ THIB BEFORE SIONINa:
<br /> —�'�'�'�'"� Trustor underM�nds du�t the docummt thet Troetor U�bout to�xeaut�!s�DMd o1 Tnu�f and nol�mort�pe and u►d th�pow�r
<br /> -�• of aak provid�d for In the Ds�d oi Trust providaa subslantlelly diflerent riphb�nd oblf(p�tk�►n Tru�tor iMn�moAp�p�In th��vN�►t
<br /> _ . '��� ofad�Multorbreeaho}obllpaHonundarthaDeedofTrust,includlnp,butno111mltedlrp.Mal�nder'�rlphltohsv�theProp�rtytold _
<br /> - ��. � by th�T�utt�without�ny�udlniol prxsedlnp.T►uetor represe�u a rra�t�tA�t �aok�owledpsment wss�xaoutad by
<br /> � r:. Trusb►b�(on 1hs�xacudon ot the�01?ius��aoital p = D alop t .� A Gea sal �nr ners�ip _
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<br /> n � a ee . annar Trustor B • nnon
<br /> - --�.•5:" ,`. ParCne�r � Spouae � Par tner , Spouc
<br /> 'i.._.�atY��.` �� • r —
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<br /> :�� . LaVorn! A. a koweki �r e A. Kalk aki f�87� G. H eakbTtaato .�q@,_e. Blackburn _�
<br /> Partaer�w�s' �.a�"� —
<br /> �'�a.� <, B� a� �� i' �` � A � PoUee �."
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<br /> -�� •�-? �� TH13 DEED OF TRU3T,lo made ao of the l8th dAy pi peaembes , �p 91 by end emonp
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<br /> Fi!
<br /> -.T�:-i.-_•- _ -
<br /> �,� `� the Trosta, '
<br /> � ,�,t�; P.O. Box 2280, Grand Island, N� 68802 �reln"Truobr;'whether one or more), R �,
<br /> ;:,�; .��;' whoes melllnp edd�ea�le (
<br /> -- --.��:,:;;$�;f�r;�'` Five Pointe Bank� A Nebraske Cosporation , _;�.�
<br /> ."'�`-�e.;.,�>:�� � ', the Trustee�
<br /> t,.., ��;s:�
<br /> -- `;;i:��f�••%<" P.O. Box 1507. Grand Isle►nd. NE 68802 �heran 'Truotee'7�end `'-'��
<br /> - ; �t�r..��2'�•.���r who�e mellinp addresa la �__
<br /> ��""{'•�''`{ Five Points Bagl� =`"
<br /> --- 1;r..�,.. :s the BeneOafary� � �;._.:_:°
<br /> _��,;,;,���=;x;' '"'"' P.O. Box 1507, Grand Island, NE 68802 __ (heretn"Lender"). �r'_
<br /> � �e:.tiifi�'��'^�.' whose maidnp addroae la • �>,�:
<br /> �•��...11a. , Cauital Park
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<br /> ----'-'�"��''�'• • FOR VAlUABLE CONSIDERATION,Includlny Lender's extenalon o1 credit IdentiNed hereln to _Y4�,�4
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<br /> ^'�".`�'"'1�� Develo ment Co. A General Partnerahi -�:-
<br /> . t j•i� , ;,�,,.,�i p , � (herein"Barrower",whether one o�more)and the truat hereln crQated, .
<br /> '�� >>,',� ` �•� ,;; the recelpt of whioh fe he►eby ack�owledged,Trustor hereby Urevocably qranta,t►ansfera, conveys and aesipns to Truetee,IN °`
<br /> -.��:y�;�;;ti..,,�_.,; � 7RUST,WITH POWER OF SALE,for the benellt and security o1 Lende►.uifder and subject to ihe le�ma and aonditbns hereineitar set �;;`
<br /> 'wi � , -- ' fOrlFl,lh6 foYl pfOpB►iy,dtl8�Ab8�db�OIIOWS: _
<br /> ' � � , Lot Six (6) Bosaelaaa Subdivieion, an Additlon to the City of Grand Island.
<br /> ��.4. . � Hell County� Nebraska
<br /> =:i.: •?i�;. �„; -
<br /> �;��.n' `�� Topether with all buildlnqs,fmpravements,flxtures,atreets, allpys,passayeways,easements,riphts, privilepes and appurte- __
<br /> �' � ' ° nancee loceted the�eon or In anywise pertaining thereto,and the rents.issuea and prolfta,reversione and remalnder�thereof,and --
<br />- • such personel property that is adeched to the improvements so az to consluute a Ifxture,includiny,bul not Iimiled to,heatinp end
<br /> ��`�:�•' '°'�`'� ,�sT�• . CO01111p equipmeM;and together wfth the homestead or marftal Intereata,ii eny,which Interests are hereby retaoaed and walved;all
<br /> �'�" �'"±�••�� •• ol which,Inaludinp replecements and additions thereto,is hereby declared to be a pert of the raal otlota 4ecured by Ihe Hen ol tl�b
<br /> -• •. D�d of Truet�nd all of the lorepolnp beinfl reterred to horein as the"Proparty".
<br /> � _
<br /> __ �.�" . ; Thl�Doed of Trust shall�ecure(a)the payment ot the prinC►pol sum and imereet evldenced by a pram�s�ory noto a cradit --
<br />__ �" • � ap.aement deted Decewber 1 8. 1 99� ,haviny a maturlry date of December 18. 2001 , �:..
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<br /> '_�.�� t;�t . b in the o�ipinal principel amount ol S_.-- 250,000.00 ,and any and all modilicationa,extenaiona and renewals __
<br />_- thereof or thereto and any and all future advances and readvances to Barrower(or any of them if more than one)hereunder
<br /> - :,�:� : pureuent to one or mora promissory notes or credit agraements Iherein called"Note"►;(b)the peyment ol other suma advanced by �-;,.
<br /> ..�i:.., Lender to protect the security of the No1e;(o)the pertormance ot all covenants and agreements of Trustor setfo�th hereln;and(d)all
<br />- � • ,. •• preaent end Iulure indebtednesa and obligatiorts oi 8orrower(or any of them fl more than one)to Lendar whelher direct Indirect -
<br />������`� ,.�-'�.. .. absalute or continga��t end whethe►arl�ing by note,guaranty,overdrafl or otherwise.The Note.thls Deed ol Trust and eny and all --
<br /> :�:.c�? ,,. „ �-
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<br /> other docuents thet secure the Note or otherwise ezecuted in connection therewith,�ncluding wlthout limitatlon yuarantees,securily
<br /> - ' � a{��oamenta and assignmenta of leases end rents,shall be reterred to heraln as the"Loan Instrument�".
<br /> ;.:,,�, � Trustor covenants end agree�with Lender as follows: -
<br /> 1. P�ymMl 01 Ind�bt�dn�u.All�ndebtedness secured hereby shall be paid when due.
<br /> � 2. THI�.TrustOr is the owner ot the Property. has Ihe nght and authonty to convey the Property,and warrante that the lien �4��
<br /> • I, • • created hereby is a Ilrst and prlor II@n on the Property,except lor liens and encumbrances set bhh by Trustor in wrlting end j'i
<br /> � dellvered to Lender hetore ezecutlon o�thig Deed of Trust,and the ezecutf on and dellvery ol this Deed of T�ust does not vloleteany }
<br /> � � conuact or other obligedon to wh�ch Trustor Is subJect. �
<br /> 3. T�xt�,A��eum�nq.To pay bQtore dellnquency all taxes,speclal assessments and all other cherges apeinet the Propertyr _
<br /> ' now or herea(ler levied. ;
<br /> - 4. Imurane�.To keep the Property�nsured against damage by hre,hnzards�ncluded wlth�n theterm"exle�ded coverage",and
<br /> � such other hazerds as Lender may require,in amounts and with camparoes acceptable to Lender,naming Londer a9 an additionel
<br /> named Inaured,w�th loss payeble to the Lender.In case ol loss under suc h pollcies,the Lender is authorized to ad�ust,collect and ,
<br /> � � Comproml8e,all clafms thereunoer and shall have the optlon ol apply�ng all or part ot the msurance proceedsl�l to any Indebtedness �
<br /> aeCUred hereby and fn sucn order as Lender may determine,(u)to tne Trustor tu be used for the repair or restorallon ol the Prope►ty
<br /> " or(III)for eny other purpose or ob�ect satislactory to Lender wuhout aHecung the Ilen ct th�s Oeed ol Trust for the lull amount secured
<br /> , hereby be(ore such payment ever took place.Any appllcat�on ot proceeds►o�ndebtedness shall not extend or postpone the due �
<br /> ,� . d6�te Of eny payments under the Note,a cure any delault Ihereunder or hereunder.
<br /> -+' -- e e.�...... �i......�.,.�N�n ilmm�nei hv�ondwr T.uotnr nhbll eav In Lender.in aueh manner 8S LBndB�InBV d98is�nete.suiNciern _
<br /> _--:.. . :i`.\ n . p...... C-
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<br /> .�,, suma to enable Lender to pay as they become due one or more ot tne follow�ng:(i►all taxes.assesaments and other charges agamst
<br /> • '"'�'� , the Property,(If)the premfums on tha property insurance required hereunder,and(iiq the premiums on any rnonyege�naurence �
<br /> ;_ � '� requlred by Lender.
<br /> � '•:; 8. INdnbnanc�,R�p�n and Compllane�wlth Laws. Trustor shall keep the Property In good condltion and repair;ahall
<br /> � . .� ;�,. prompfly repalr, or replace any Improvament which may be dameged or dostroyed; ahall not commft or permit any waete or
<br /> �� ' „�. ' deterlo�atlon o1 tho Property;shall not remove,demolish or substentially alter any of the Improvements on the Prope►ry:shall not ,
<br /> ���.;•`•".' commit,suffer or permlt any ect to be done in or upon the Property in v�olation of any law,ordmance.or regulatfon;and shall pay end ,
<br /> ,;.''<: ��• promptly dfscharye at Trustor's coet and expense ell Ilena,enCUmbrances and charyes lev�ed. �mposed or assessed eyalnst tho •>�•
<br /> ''�'���' Prope►ty or any part thereof.
<br /> " 7. Emin�nt Domdn.Lender ia hereby assiqned all compensatlon,awards,demapes and other payments or rellet(herefnefter ,
<br /> � "Proceede")fn connection wflh condemnetlon or other takf�g ol the Property or pert thereof,or lor conveyance fn Ileu o1 condemna• .
<br /> ,� Uon.Lender ahell be entltled at fts optfan to commence,appear fn end prosecute In Its own name any ectlon or proceedinga,end
<br /> • ehell also be entitled to make any compromlae or setllement in connectio�with suah teklny or demaqe.In the event any ponlon o1 ,
<br /> M�c�br�Ma..aK�n�.a o«e��e�o•ee ��
<br /> � O 11M MM�oMI YM►d Co�Md Trup�M SW�np�AtiOeNlan l��toln M�EnY�
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