|
� � � � t � ��, �
<br /> v�
<br /> �
<br /> M � Z D `- � � ,�n-, � ,:.✓
<br /> rn v; L' ?
<br /> X � c� a � � c.v �
<br /> M � cn o -N-�
<br /> � � � � ,�-, � � o ��
<br /> � � r r�
<br /> 4 �p m c� � m � c7
<br /> �,,,°� �., o ,i
<br /> ,. c!� �
<br /> _1`r � ry`�+�- � o � � �
<br /> �( � Q r;� �.a� � y„ 07 F...a `n
<br /> ��� � � �
<br /> s �-� � � r n �'' �-
<br /> � � �� ~ � � �
<br /> �. o �
<br /> �, n � �
<br /> ('V �v Cp
<br /> � 99 111593 `� � �' o
<br /> �' DEED OF TRUST WITH FUTURE ADVANCES �
<br /> �o
<br /> THIS DEED OF TRUST,is made as of the 17 day of November , 19��, by and among �S'
<br /> 0
<br /> the Trustor, _pougi ds J. RC��al n 1 nc1 Kathryn 1_ k��wi ancl�;� hii�hanci anri [7"I fP
<br /> whose mailing address is 2204 MaCrOn St. Grand Island NE 68803 (herein"Trustor",whether one or more),
<br /> tne Trustee Nebxaska EnerQV Federal Credit Union
<br /> whose mailing address is P.O. Box 499, Colutnbus, NE 68602-0499 (herein"Trustee"),and
<br /> the Beneficia�braska EnerQy Federal Credit Union
<br /> whose mailing address is_ P.0. Box 499, Columbus. NE 68602-0499 (herein"Lender').
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br /> Douglas J. Rowlands and Kathrvn J. Rowlands, husband and wife
<br /> (herein "Borrower," whether one or more) and the trust herein created, the receipt
<br /> 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 /> property described as follows:
<br /> Lot Eight (8), Jeffrey Oaks Sixth SLbdivision in the City of Grand Island, Hall County, NE
<br /> Together with all buildings, improvements, fixtures, streets,alleys, passageways, easements, rights, privileges and appurtenances
<br /> �[�fl4e�4�eroe�r�.r� s ...F.. 4L.....�.. wJ }L.e ���a.. �.1 �t.�� � _� � �..�1 .�J
<br />;�::=�-; �rs thereof, and such per-
<br /> sonal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equip-
<br /> ment; and together with the homestead or marital interests, if any,which interests are hereby released and waived;all of which, includ-
<br /> ing 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
<br /> all of 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 agree-
<br /> ment dated November 17, 1999 , having a maturiry date of nOne stated
<br /> in the original principal amount of $ 13,500.00 , and any and all modifications, 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
<br /> to one or more promissory notes or credit agreements (herein called "Note°); (b) the payment of other sums advanced by Lender to
<br /> protect the security of the Note; (c)the performance of all covenants and agreements of Trustor set forth herein; and (d)all present and
<br /> future indebtedness and obligations of Borrower(or any of them if more than one)to Lender whether direct, indirect,absolute or contin-
<br /> gent and whether arising by note, guaranty, overdraft or otherwise. The Note,this Deed of Trust and any and all other documents that
<br /> secure the Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements and
<br /> assignments of leases and rents, shall 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. Title.Trustor is the owner of the Property, has the right and authoriry to convey the Property, and warrants that the lien creat-
<br /> ed hereby is a first and prior lien on the Property, except for liens and encumbrances set forth by Trustor in writing and delivered to
<br /> Lender before execution of this Deed of Trust, and the execution and delivery of this Deed of Trust does not violate any contract or
<br /> other obligation to which Trustor is subject.
<br /> 3. Taxes, 4ssessments. To pay before delinquency all taxes, special assessments and all other charges against the Property
<br /> now or hereafter levied.
<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
<br /> named insured, with loss payable to the Lender. In case of loss under such policies, the Lender is authorized to adjust, collect and
<br /> compromise, all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness
<br /> secured hereby and in such order as Lender may determine, (ii)to the Trustor to be used for the repair or restoration of the Property or
<br /> (iii) for any other purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured
<br /> hereby before such payment ever took place.Any applications of proceeds to indebtedness shatl not extend or postpone the due date
<br /> of any payments under 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
<br /> sums to enable Lender to pay as they become due one or more of the following: (i) all taxes, assessments and other charges against
<br /> the Property, (ii) the premiums on the property insurance required hereunder,and (iii) the premiums on any mortgage insurance
<br /> required by Lender.
<br /> 6. Maintenance, Repairs and Compliance with Laws. Trustor shall keep the Property in good condition and repair; shall
<br /> promptly repair, or replace any improvement which may be damaged or destroyed; shall not commit or permit any waste or deteriora-
<br /> tion of the Property; shall not remove, demolish or substantially alter any of the improvements on the Property; shall not commit, suffer
<br /> or permit any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and shall pay and promptly dis-
<br /> charge at Trustor's cost and expense all liens, encumbrances and charges levied, imposed or accessed against the Property or any
<br /> part thereof.
<br /> 7. Eminent Domain. Lender is hereby assigned all compensation, awards, damages and other payments or relief(hereinafter
<br /> NBC 3457(NanagricuMural Dead)Rev.5/96
<br /> �1988 National Bank ol CommerceTfust and Savinos Association.Lincdn.Nehraska
<br />
|