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<br /> TRUSTOR�AD TINS 9EFORE 81GNIN(i:
<br /> Trwtor u�Wnda tlwt tiw docunwr►t that Trwbr Ia�bout W�x�auN Is a OMd ol Trwt and�ol�morta��nd tlW tlw i�ow�K
<br /> of�provid�d 1or In th�OMd of T�u�t prov�d�s wbsfantlally dilhhnt rlphb�nd obl�W►tlon�b Trustor Ih�n a nwr�p�In!M M�M�t
<br /> ,�•. .. .• of a dN�ult or brNeh ot obllpation und�r ths W�d of TrusR Inciudi�p,but not Ilmitad to,th�L�ndv's�iGh!to hav�th�Prop�rty�otd
<br /> .,�s: by th�TrustM without any�udlclal procwdinp.Trustor npru�nb and wannts that this acicnowf�dp�mmt wa��cuMd by
<br /> s. �,;�:.,_�.�ie; ,.: Trwto►bNoro th��x�cutlon of th�DNd of Trust ,n
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<br /> s���� Connii► L Ps�ad�on Trustor s'i�n'�oa
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<br /> °=�.���� '� DEED OF TRUST WITH FUTURE ADVANCES
<br />-,.�;, ,�� .�. ."; ,. , 19 � b �nd amonp
<br /> THIS DEED OF TRUST,is made as of the 16th d�y of Feb. y
<br /> �'�1 � �� Arnold D Frand�on i Conni� L Frand�on . �arri�d p�rson
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<br /> the Trustor,
<br /> Po Box 2�8 Cra�iord N� 69339-0248
<br /> . whose malUnq address is (hpnin"Trustor:'whether on�or mon),
<br /> � the Truatee, Fiv� Pointa Bank� a M�brssk� Corporatian ,
<br /> � P.O. Box 13v7 6rand I�land, MB f+88O2 ����n"Trwtw'�,and
<br /> , whoge mailfny edtlreas is
<br /> � � the Beneticiary, Five Polnts B�nk ,
<br /> whose meiiiny address is �15 N. Broadv�ll Grsnd Island. NE. 68BO2-15�7 ���a��������y,
<br /> FOR VALUABLE CONSIDERATION,inclutlinp lender's exlen�ion of credit identffied herei�to
<br /> Arnold D Praridson
<br /> i Conni� L Frsndson (nerein••8orrower".whetner one or more)and the t�ust herein creat�d.
<br /> the receipt of which is herel�y acknowledged, Trustor hereby�rrevocebiy grants,transfers, ccnveys and essi�na to Trustee,IN
<br /> TRUST,WITH POWER OF SALE,for the benef�t and secunty of Lender,under and sub�eCt to th8 terms and conditionE hereinefter aet
<br /> tOrth.ti1B lBAi ptoG9riy. ouncr iL63 uS iuiiORib:
<br /> Lot Two (2), Farmington Subdivision to the City of Grand Island�
<br /> Hall County� Nebraska
<br /> Together w�th ali buildings.improvements.fixtures.streets,alleys,passageways,easements,rlghts, privilepea and appurte-
<br /> nances located thereon or m anyw�se pertam�ng thereto.and tne rents.�ssues and prof�ts.revers�ons and remainders thereof.and
<br /> � such personai property that�s attached to the�mprovements so as to const�tute a 6xture,�nctudmg, but not limited to,heatlnp end
<br /> coonny equipment;and together w�th the nomesteed or ma��tai�nterests.�f any,wh�ch interests are hereby released ar�d waived:a�l
<br /> , of which.�ncluding replacements and add�tions thereto.�s hereby declared to be a part ol the real estete securetl by the Ilon of this
<br /> +• Deed ot Trust and all of the foregoing being referred to herem as the"Property".
<br /> �
<br /> This Deed of Trust shall secure{a�the payment of the pr�nc�pai sum and�nterest ev�denced by a prom�ssory note or credit
<br /> ayreement dated FQbruary 16th 199�`_,navmg a matur�ty date of F�bru�rr 16th 1995 ,
<br /> �n the ony�nel pnnC�pal amount of 5_—25•�'� --- - - ,and any and all modd�cat�ons,extensions and reneweis
<br /> thereof or thereto and any and au f�ture advances and readvances fo Borrower lor any of them �f more than one)hereunder
<br /> pursuent to one or more p�orn�ssory notes or c�ed�t agreements Ihere�n canea"Note"�;lbl the peyment ot oiher aums advanced by
<br /> Lender to protect the secunty of the Note.lcl tne performanre of ai�covenants antl agreements of Trustor set forth herein;end(d)al�
<br /> present and tuture�ndebtedness antl oD��gat�ons ot Borrower�or any ol them�f more than one)to Lender whether d�reCt,indireC�.
<br /> absolute or contmgent and whethe�ar�s�ng by�ote.guaranty,overd�aR or otnarw�se The Note.th�s Deed ot Trust and any and all
<br /> other docuents that securethe Note or otherw�se executed�n connect�on therew�th,�nciud�ng w�thout I�m�tat�on yuarantees,eeCUrity
<br /> aflreements and ass�gnments o1 ieases and rents.shaii be referred to here�n as the"Loan Instruments".
<br /> Trustor covenants and agrees with Lende�as toliows.
<br /> 1. Paym�nt of Ind�bt�d���s.Aii �ndebtedness secured ne�eby snau de pa�tl wnen due.
<br /> 2. Till�.Trusto► �s tne owner of the Property,has tho r�ght and authonty to Convey the Properry,and warrants that thB lien
<br /> created hereby �s a f�rst antl pr�or i�en on the Property.except for i�ens and encumbrances Set fohh by Trustor m wnting and
<br /> � � delfvered to Lender betoreexecut�on et th�s Deed of Trust.and the execution and aeuvery ol this Qeed of Trust does notvio�ate any
<br /> , ` contract or other obl�gauon to wn�ch Trustor�s sub�ect
<br /> 3. Tax�t,Aat�ssmtnu. To pay before del�nquency au taxes.spec�al assessmenis and ail other charyea afla�nst the Property
<br /> now or hereafter lewed
<br /> � � 4. Insur�ne�.To keep the Property msured agamst tlamage by f�re,hazards�ncluded w�thm the term��extended coverepe'.and
<br /> suCh othe�hazards as Lender may requ�re.��amounts and w�th Compames acceptab�e to Lender,nammy Lender as en additfona)
<br /> � ngmed�nsured,w�lh 1055 payabie to ihe Le�der In case of ioss under such po��c�es.the Lender�s authonZed to ad�us4 Coileet end
<br /> comprom�se,all C�a�ms there under antl shali h8ve the option of apply�ng all or part o�the insurance proceeds p)to any tndebtedne5i
<br /> secured hereby and in such order as Lender may determ�ne.(��)to Ine Trustor to be used for tne repa�r or restorat�on of the Properry
<br /> � or t�fi)}or eny otherpurpose orob�ect satisfactory to Lender�v�thout aHec���g tne I�en of tn�s Deed of Trustf�r the tu��amount socured
<br /> r hereby beto�e such paymen t ever took place Any app��cat�on of p�oceeas to��aebteaness Shali not extentl or postpone the due
<br /> � tlate oi any payments under the Note.or cure any de�auit thereunder a ne�eu�ae�
<br /> _ � 5 Escrow.Unon wntteri Oemend bv Le�de�.Trustor shail pay to Lender,in such manner d5 lentler may deSignale.SufliC�ent
<br /> � � sums to enable Lender to peyas tney become Cue one or more of the toiiow�ng.(�)a�i taxes.assessmems ano oiner cnaryna uye���si
<br /> � the Property,(u)the premwrnt on the p�ope�ty �nsurance reqw�ed he�euntle�.antl 1���1 the premiume on any mortflafle�n4uranGe
<br /> required by Lender.
<br /> 6. MalnbninCt, R�p�ir�and Compilanc!wfth Laws. T�ustor snaii keep the Propert� m gootl conddion end repau;shall
<br /> ,, promptly repa�r, or rep�ace any �mprovement wh�cn may be damaged or tlestroyed,shell not comm�t or permit any wasto or
<br /> detenorahon of the Property.snau noc remove.demoi�sh or substanuaiiy aiter any ot tne�mprovementg on the Property.Shell not
<br /> Cpmm��sufter or perm�t eny aCt to be done�n or upon the Proparty m v�o�at�on of any law.ordmance.or repul8uon,and shall pay and
<br /> � promptly discharge at Trustor's cost and expense all I�ens.enCUmbrances and charpes lewed. imposecf or eseussetl aqamst the
<br /> i Property or any part thereof.
<br /> � � 7. Emin�nt Oomaln.Lender�s hereby ass�qned au compensat�on.awa�tls. damayes and otne.payments or re��ef(herematter
<br /> r "PtOCeeds'�)�n COnn8Cti0n wdh COndemnat�On or Other taking Oi the Property O�part there0f.Or tor cOnv@yenCe�n heu Oi cand@mn8-
<br /> ' ti0n.Lendet shal�be entdled et�ts option to Commence.appea���a�d prosecute�n�ts own neme g�Y aCtion or proceed��qs.and
<br /> sh811 aiso be ent�t�ed to meke eny comprom�se or settlement m co��eCt�on wrth suCh tek�nq Or�demape �n the event a�y Fort�on of
<br /> • M�c�e�iMo�w�.cww�.�o«a�e..�o ee
<br /> O t9NNn�au�6�n�atom�..«ahw���a s�.����e�s,r•n.u� �,ncan h�a�u.
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