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<br /> ' �c�ow�oo��r aF o�o o�n�uaT � �U�4
<br /> ' �o�a�►o na..vo�s�:
<br /> . Trwoor w�d�rMtnd�tlf�t tlN doounMnl lhat Truqor ItNbout�o a�a i�� af Trwt �t a�d that th�powK
<br /> W�provld�d ia ln Ih�ONd ol Trutt provldM K►bwetlatiy dl hb� oblig�tlon ruNa s morqp�In tM w�M
<br /> M a dM�ui!a brMah ol obllpstlon und�►MN OMd o1 TruN,Inatudi ,but not miMd fo, L�ndn's r M b h�w th�Prop�Ay�oid
<br /> - �--�— by th�TrustM wll�oul any Judlcta!procNdlnO.Trweor �nd rnnls th�t t1�h t was�cuMd by
<br /> �--�- - - -- Tn�or bNon th��x�cutlon of 1M ONd M Trust «
<br /> . �. �
<br /> .
<br /> • Tr �
<br /> �s���;s.�,
<br /> DEED OF TRUST WITH FUTURE ADVANCES
<br /> ,s TFWS DEEO OF TRUST,I�mad�as o1 th� �th �y o� FeD. .to 9� by and amap
<br /> " th�Trwta, RICHARD GRANT SPICER i JANE A SPYCER � hu�band �nd rii� .
<br /> ;,.� 214 MEST FOURTH [irand I�imd !!e 68801-686�
<br /> ' whw�m�iHrp addr«t Is (hKNn•'Trustor�'whMh�r on�cx mor�j.
<br /> +'� ;�s.����p�-r� Five Point• B�nk, • N�bs�ska Corpor�tion �
<br /> ,...�,...,� _.,, q»TnutN. .
<br /> . y, c. .
<br /> „ whoN mNlirp addr�is P'0. Box 1387 Grand Ial�nd. NE 68802 ��r�in"TrustN'�,�nd
<br /> . ;,.: ... .,,.. ._.... Fiv� Point• B�nk
<br /> . tM B�licluy, •
<br /> , ` � � �, W���������s 201� N. Bro�dv�ll Grand I�land. NE. 68802-1507 (�roin"L�nd�r'�.
<br /> • ��� FOR VALUABIE CONSIDERAYION,Includl�p Lander's�xtantlon ot cndlt identitNd herein t RICHARD GRANT SPICER
<br /> �.t.':
<br /> ' , — -�
<br /> i JANE A SPICER (hsroin"Borrower",whether one or more)and the trust henin creat�d, _�-
<br /> ' the rsc�ipt ot wh�h li h�r�by acknowl�dped, Tru�tor hereby irrevocably pranu, trensiera,conveys and a�siyn�to Tru�te�, IN
<br />. -__ ----.. .==-•= Tiiif�T,'tilTtf�0:`!ER QF SALE,forlha bcnalit and secarlty e!lsnder.untler nrtd e�!h��rt fn thw t�rm�►and conditbnt h�nlnaflW s�t ,
<br /> tor�tk���p�q��c���@,�oi��r�.�OF L01' 8IXt6)IN BLOCK TNIRY TMOt32) IM ORIGIMAL
<br /> TOMR K�N CITY OF GRAND ISLAND HALL COUtiTY, NEBRASKA COtlMONLY KNOMN AS 21�! M•
<br /> 9TH STREET, AHD PART OF VACAT�D �TH STREET. AMD NEST�RLY TMENTY TMO FEET c22F'
<br /> OF LOT SIX t6I IN BLOCK THIRTY TMOt32) IN ORIGIHAL TOMH. I�101i CITY OF GRAND
<br /> ISALCANDE HTALqLgCrOgUAg1'Y.NEBRASKA. COlIMOIiLY KNOMH AS 216 M �TH ST..AND PItR7 OF
<br /> . �TopetFier w(tfi alI buildinye,fmprovements,fixtures,atreets,alleya,paasayeways,ea�ements,riphu,prlvlleDes and appurte-
<br /> nences Iocated thQreon or In enywi�e peAainin�thereto,and the rents,Issues and profits,reversion�and remainders thereot,and
<br /> � such persona� property thet ia ettached to the improvements so as to constitute a tlxture,includiny,but not ilmited to,heatinp and
<br /> _ coolinp Yqulpmen�and topether with the homestead or maritei Interests,ii any,which Interests are hereby releeaed and waived:ail —
<br /> _ • of whtch,Inciudlnp ropiacomanta and additions thereto,Is hereby declared to be a part of the reai estate eeau►ed by the Ilen of this _
<br /> �1' . pwd Ot Tru�t and al�of the forepolnp beinp reterred to hereln as the"Property".
<br /> j� Thls O«d ot Tru�t shalt securo(a)tho payment of the prfncipat sum and intere�t evfdenced by a promissory note or crsdit �
<br /> ' , apreement dated �ebruary 8th 1994 ,havinp a maturfry dete of February lst 1999 . �`.
<br /> • 65,220.50 E'"
<br /> � !n the oripinal principal amount ot S ,and any and ell modtficatlone,extensione and renewals
<br /> • thoreof or thereto and any end atl future advances and readvances to Borrower (ar any of them I} more than one)hereunder
<br /> " pursuant to one a more promisaory notes or credit ag�eements(herein caiied"Note");1b)the payment of other suma advanced by ��,�
<br /> • Lender to protect the�ecurity of the Note;(c)the pe�tormance ol ail covenants and agreements of Trustor set forth herefn;and(d)alt �
<br /> � present and iuture indebtedness and oblfpaUons ot Borrower(or any of them it more than one)to Lender whether di�ect,indire�c�
<br /> • abaoiute or contingent and whether aristng by note,quaranry,overdraR or othe�wise.The Note,this Deed ot Trust and any and�II
<br /> other docuents that secure the Note or otherwise executed fn Connectfon therewith,inCludfnq without Ilmitation guerantees,aecurity
<br /> � ayr�emanta and asstpnments oi leaees end rents,shali be referred to herein as the"Loan Instruments".
<br /> _ ; • • T►ustor covenanta and agrees wlth Lender as lollows: .
<br /> ,+:; . 1. PaymMt of Ind�badn�u.Ail indebtedness secured hereby sheli be pafd when due.
<br /> , 2.Titi�.T�uato�ie the ow�er ot the Property,has the riyht and authority to convey the Property,end warrants that the Ifen �
<br /> �' created hereby la e tirat and prlor Ilen on thu Property,except tor liens and encumbrances set torth by Trustor i�writinp and �
<br /> deitvered to Lender before execution ot this Deed of Truet,and the execution and delivery ot thfs Deed ot Trust does not vfotate any
<br /> �� � contract or other oblipation to whfch Trustor is subject. �
<br /> . t � 3. TazK,AtNStm�nb.To pay before deli�quency al�taxes,specfat assesamenta end ali other charyea aqainat the Property �.
<br /> now or hereaRer Ievled. �±.
<br /> � 4. Inwnna.To keep the Property Inaured epainat 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 fnsured,wfth loss peyable to the Lender.In case of loss under such poiicies,the Lender is authorized to ad�ust.collect and �
<br /> . ' ; compromise,ail claims thereunder and shall have the oplion ot applyin9 all or partot the insurance praceeds(f)to any indebtedness
<br /> � secured hereby and in such order as Lender may determine.(fi)to the Trustor to be used tor the repalr o r reatoratlon ot the Property
<br /> ' '• or(ili)tor any other purpoae or obJect satisfactory to Lender without aHecting the Ilen of lhis Deed of Truat tor the full amount secured
<br /> � � hereby before auch payment ever took piace.Any epplication ot proceeds to indebtedness shall not extend or postpone the due .
<br /> �___._...__ dat�ot anY DaYmente under the Note,or cure any detault thereunder or hereu�der. �
<br /> � � 5. Etcrow.Upon written demand by lender,Trustor shali pay to Lender,in auch manner as LenGer may tles�pnate,sumc�eni
<br /> sums to enab�e Lender to pay as they become d ue one or more of the following:(f�all Wzes,asaeasments and other charges apainat
<br /> the Property,(if)the premtums on the property insurance requfred hereunder, and(ii�)the premiums on any mortpaye fn�uranCe
<br /> �� �' rpuirod by Lender.
<br /> , �, 6.MalnMn�nc�,R�p�in�nd Canpllanc�with L�w�.T:ustor shaN keep the Property in Qood condition and repair;ahail
<br /> �� promptly repair,w replace any improvement which may be dama�ed or deatroyed; shali not comrnit or permit any waste or
<br /> dMeriwation ot the Property:ahall not remova,demolish or�ubatantiaily aiter any ot Ihe improvements on the Property;ahall not
<br /> commit wd�►or pe�mit any act to be done in or upon the Prope►ty in vfotation of any law.ordinance,or repulation;and shatt pay and
<br /> , promptly di�chuqe at Trustor's cost and expenee�II liens,encumbrances and charyes teviad,imposed or assessad ayalnst the
<br /> . Pro�ty or�ny part thereof.
<br /> 7. EmMt�M Dan�in.Lender fs hereby aulyned att compensation,awards,damapes and other payments or reiiei(hereinaRer
<br /> "Proc�sds'�in conn�cGon with condemnation or other takfnp of the Proporty or part thereot,or for conveyance In lieu of condem�a-
<br /> tion.Lsnder sh�il be entitied at its option to cammence,appear in and proaecute in its own name any action or proceedinps.and
<br /> � sha�l��w b��nGtled to make any compromise or setllemer►t in connect�on w�th auch takinp or damape.In the event any portion ot
<br /> � ' M�C�N11NavMeuewN Dwal Nw�O M
<br /> OtM�MMwW/M�1�1Cemwe�t�uMM+rS�.+W�MOCww� lnc�N�M�M� '
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