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<br /> of�dM�utt o►bnaCh ol obllpallon und�ttw DNd ot Truat inatudinp,but nol Iimihd fo,tlN L�nd�r'�rlOht b haw tM P►apMty sold
<br /> bn�Tr�.�u� t�a�i�����T���s��r�pra�nq anr!w�rr�nb that ehl�scknowNdp�nt w+M•�x�ouMd by
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<br /> _ .__. __ __ DEED OF TRUST WITH FUTURE ADVANCES
<br /> THIS CEED OF TRUST,Is mad�a�of th�11T�_day of FEBRU RY ,tO_�,by and amonp
<br /> th�Trwtor, D °^°°°ev ♦�m nonciV A D�47TiRRCKTP �
<br /> AS inur,�c�� et�.e ann n
<br /> -a. � whos�mallinp addrsa is ?n? N 1 nrttcT artAnm 'rsLA�iD� NE 688�1 (hersin"Truttor;'wheth�r one or mor�),
<br /> - ��Tf WTM� �nt+fin e�w(q[ _ �
<br /> - whos�maUinp addreu is P O BOX 790 GRAr�iD TgLAt�tt�. NE 68802 (heraln'T�uetee"),and
<br /> - -- ---- - .— —
<br /> '..' a,• —�M-9M�(tctiTY.�� OVEI�iNDZ1E�fiI0NAL BANR OF GRAND ISI.l�� —
<br /> -. � whose m�lUnp addres�is p n Rnx 16A8 �Rartn tSt.AN11- NE 68802 (h�rain"Lend�r'�.
<br /> �T �^�°• FOR W1i.UABLE CON3IDERATION,includinp Lender's exten�ion of credit Idendfied hereln to nuc_ pFnF.RSRN AND
<br /> ` ��K� �� BROWN A PAATNERSHIP �(hereln"Borrower",whether one or more)and the trust hereln created,
<br /> ;���,^a�� '�� the rec�ipt of which is hereby acknowiedped,Trustor hereby Irrevocebly yranb,transiere,conveya and aesl ns to Trustee,IN
<br /> ��• ;.. �•::. �
<br /> � -?.'�r'��"-'��:'��%�r` TRUST,WITH POWER OF SALE,tor the benefit and securtty ot Lender,under and subJect to the terms and conditlona herolnaRsr set
<br /> '.• � " •�<^+n ..�' forth,Uw real property,deacribed as tollowa:
<br /> �.��.,..:,,...��: : '
<br /> ` ~ � • SEE EXHIBIT "A"
<br /> �. � Topether with atl buildinys,improvementa,ilxtures,streets,aiteys,passageways,easements,riphta,privite�es and appurte-
<br /> nances tocated thereon or in anywlse pertalning thereto,end the rents,issues and profits,reversions and remalnders thereof,and
<br /> ,� auch personal property that Is attached to the improvements so es to constitute e fixture,includinp,but not Ilmited to,heatinp and
<br /> • � coolinp equipmenx and topether with the homestead or maritai tntarests,if any,which Interests are hereby released end waived;ell
<br /> �: of which,tncludinq repiacements and additiona thereto,is hereby declared to be a pa�t of the reai estate aecurad by the Ilen of thlt
<br /> ='ar;� ' �• Osed of Trust and ail of the toreyoinp being reterred to herein oa the"Property".
<br /> � . -
<br /> i,+=� �� � � This Deed of Trust shall secure(a)the payment of the principal sum and fnterest evidenced by a promiasory note or credit
<br /> /� , apreement dated FFRRi1ARY I 1� t Q94 ,hevinp a maturity date ot TIILY 11 1999 ,
<br /> � in the oripinal pri�cipei amount of$ SO�000.00 ,and any and all moditications,extenstons and renewals
<br /> ±- thereof or thereto and any and alt future edvances and readvances to Borrower (or any oi them if more than one)hereunder
<br /> pursuant to one or more promissory notea or credlt agreementa(herefn cailed"Note");(b)the payment o}other sums advanced by
<br /> Lender to protect ihe security of the Note;(c)the performence of all covenants and agreements ol Trustor set forth herein;and(d)a�i
<br /> �, present and future Indebtedness and ob�ipations of Borrower(or any ot them if more than one)to Lender whethet direct,indirect,
<br /> ., � absolute or continpent and whether arlsfng by note,guaranty,overdratt or otherwise.The Note,this Deed of Trust and any and all
<br /> • other docuents that secure the Note or otherwise executed in connection therewith,inciud�ng without limftation guarantees,security _
<br /> apreements and assiynments of�eases end rents,shait be referred to hereln as the"Loan Inetruments".
<br /> Trustor covenants and agrees wlth Lender as tollow9:
<br /> , " 1.Paym�nt of Ind�bt�dnas.AII indebtedness secured hereby shali be paid when due. _
<br /> '� , 2.TiN�.Trustor Is the owner oi the Property,has the right and authority to convey the Property,and warrants that the lien -
<br /> - created hereby is a ttrst and prior lien on the Property,except for liens and encumbrances set forth by Trustor in writiny and -
<br /> �;: . deilvered to Lender betore execution�f thls Deed of Trust,and the executfon and delivery of this Deed of Trust does not vlolate any --
<br /> � , : � contract or other obligation to which Trustor is sub�ect. ,
<br /> 3.Tax�s,Asnssm��b.To pay betore delinquency all taxes,speciat assessments and all other cnarges against the Property
<br /> ,;,�, , , now or hereatter levfed. -
<br /> 4.Inwnnc�.To keep the Property insured against damage by hre,hazards�nciuded within the term"extended coverage",and
<br /> � ' euCh other hazards as Lender may require.in amounts and with companies acceptable to Lender,naming Lender as an addltional
<br /> _ : ; � .. named insured,with toss payable to the Lender.In case of loss under such policies.the Lender is authorized to ad�ust,collect and
<br /> . ' compromise,all clalms thereunder and sha�l have the option oi appiy�ng a�l or part ot the insurance proceeds(i)to any Indebtedness
<br /> : ' secured hereby and in such order as Lender may determine.(�i)to the Trustor to be used for the repair or restoration of the Property
<br /> ! or(iff)for any otherpurpose or object satlsiactory to Lender without aHecting the lion of th�s Deed of Trust tor the fuli amount secured
<br /> � hereby betore such payment ever took place.Any app�ication ot proceeds to indebtedness shall not extend or postpone the due
<br /> date ot any payments under ihe Note,or cure any detault thereunder or hereunder.
<br /> =- 5.Etcrow.Upon written demand by Lender,Trustor shall pay to Lender,in such manner as Lender may desiynate,suHicient
<br /> _• •� _....,_....,....a�,.� ,,.,a...•.......,s.N�e..►.anmm�ii��n nnn nr rnnru nf fha fnllnwlnA•(l)Al11AYRt AAAHABfl76(It8 9flCI OtFiBf CIIAfOBS 8G8�flSt
<br /> , �-_ —_=� _-� .. .vv� ,.....�...r..�.........�_-_.....-----..__...._.__. -'-- - -' � .._ . . .
<br /> the Property,�(II) the premlums on the prooerty insurance required hereunder,and(fii)the premfums on any mortyaye fnsurance
<br /> required by Lender.
<br /> ,.� 6. Mdnttn�nct,R�pain and Compli�nc�with L�ws. Trustor shail keep the Property in pood condition and repafr;shail
<br /> promptly repalr, or rep�ace eny improvement which may be damaged or destro,ed: shail not commit or permit any waste or
<br /> �' '� deterioratlon ot the Property;shail not remove,demoiish or substantiaily alter any of the improvements on the Property:shei�not
<br /> ' �� comrtilt,auHer or permlt any act to be done In or upon the Property fn violatton of any law,ordinance,or regulation;and sheil pay and
<br /> prompt�y dfscharye at 7rustor's cost and expense all tlens,encumbrances and charyes levled.fmposed or asaessed apainst the
<br /> • r, . PropeAy or any pert thereoi.
<br /> ' �'' i 7. Emin�nt Dom�in.Lender is horeby assigned all compensatlon,awards,damapes and other payments or re8et(heremefter
<br /> "Proceeds")in connectlon wtth condemnatlon or other taking of the Property or pa�t thereof,or tor conveyance in lieu of condemna-
<br /> - . tion.Lender shall be entitled at its optlon to commence,appear in and prosecute in Its own name any action or proceedtnye.end
<br /> � ehatl al�o be entitled to make Any compromise or setttement In connection with such takfnp or damape.tn the event any portion of
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<br /> O 1fM N�tqnN Mrik�1 Comnwrc�Tru�t arM Smnps IUwcntan.lmcWn.N�bnM�
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