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<br /> � ' • � - OEED OF TRIiaT WITN FUTURE ADVANCES �4� .g'O?Q�'� �� �;,=��;"":-
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<br /> � =��"� THIS OEED OF TRUST,le mads as ot lhe l�_day of Mor. ,19�.by and amonp �_ __
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<br /> ' L�`'r `: theT�u�tor� M�RTTN ��RRV 1�R 1lFENT�dy 1 TNfl� NFFqT4 �h��nhwn� =�•� -a�p - � {�''}.°
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<br /> 4019 Edne nr (irend Iolend „ ,� 6�;4�� �"-r
<br /> . . �, v�h000 malllrtp addre�sa le (hereln Tr Qor, e or moro), �� ._ ..,�___,
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<br /> - � � u10 TIY�I08, —�1�8 p��ntg Rank a I�tah�aakw P.er�era!i en � `` _
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<br /> " '� whose mailfnp addresa ta P'0. Box 1507 (3rand Islend. NE 68802 (heretn"Trustee'7�and --_
<br /> � the Beneflala Five Polnta Baak � .���
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<br /> �. .
<br /> � � whose malting addrese Is �015 N. 6roadrell tirand Islend. NE. 68802-15@7 (herein"Lender'�. , "��''°'== �
<br /> �,:�=----.
<br /> �1RTIN LARRY LE� MEENTS "`�
<br /> ° FOR VAWABLE CON8IDERATION,Uotuding Lender's extension of credit IdentNled herein „ , ' ----
<br /> " �. .. 6 LINDA �SEENTS � �L �` —
<br /> �hereln"Borrower",whether one or more)and fhe trust herefn oreated. � �'•�,.,-
<br /> the�eoeipt ot whtah is hereby acknowiedged,Trustor hereby Irrevasabty graata,transfers,conveys and aesigns to Trustee,IN , �,,;,o.��.
<br /> TRUST,WITH POWER�F 8ALE,tar the beneiltand secu�ity ot Lendor,under and subjeat W Me terms and conditlons hereinattar set °..ar,rs=__
<br /> �, forth the reai prope�ty.desoribed as follows: ��� .-
<br /> - PAI�CEL ls LO'�S EIGH? <8) AHD HIHE t9). IN SLOCK dHE (13 DALE ROUSH SECONU ; -_
<br /> - - � " " " - -- SUSiJIVI�IOY. TO TttE CITY 4F t3RA.F�D ZSLAHD, 4iALL �QUNTY N�ARASRA. _ . '
<br /> -� PARCEL 2t LOT SEVEN t71, IN BLOCli ONE �1), DALE ROUS�t SECOND SU$DIVISIOH TO .�"'`-�-
<br /> � THE CITY OF dRAND ISLAND. HALL COUNTY. HEBRASKA. •
<br /> + �,
<br /> � Together wlth alt buildings,improvements,fixtures,streets,alleys,paesageways,easementa,righta,privi�eges and appuRe-
<br /> nances�ooated thereon or in anywise pertalning thereto,and the renta,Issues and prof►ts,reveralona and rematndera thereof,and •_
<br /> auch pe►sona�property that is attached to the Improvementa so as to conatltute a flxture,inatuding,but not timited to,headng and ',•�� `i
<br /> ' cooling equipmenk end togethe�with the homestead or maritat interests,if any,whfah Interests are hereby released and waived;aIi �. r�._
<br /> ot whiah,inaiuding repiacements and addltions thereto,is hereby deoiared to be a part ot the reai estate seoured by the Ilen of this ��__
<br /> �� Qeod oi 7rust and all ot the toregoing being referred to herein as the"Property". �
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<br /> Thls Deed ot Trust shell aeoure(a)the payment of the principai aum and intereat evldertced by a promiesory note or credit ' �' �i
<br /> - - 1,
<br /> Narrh �a+.h 1994 ,havin a meturi date of w��,.►, 1 Oif h �gg� _ -_^ . .�, -
<br /> agreement dated -- ---- 9 tY —'
<br /> in the original principal amount ot$ 21,020.50 ,and any and all modificatfons,extensions and renewais • " ,'.� ;
<br /> thereof or thereto and any and all future advanaes and readvances to Borrower(or any of them it more than o�e)hereunder �� ,
<br /> purauant to one or more promissory notes or credit agreements(hereln calted"Note'7;(b)the payment of other sums advanced by � f, i
<br /> Lender to protect the aecuriry ot the Note;(c)the pertormance ot alt covenanta and agreemvnts ot Truetor set torth herein;and(d)all
<br /> present and future tntlebtednesa ana ociigations of 3orrowar(vr any ui t7in����i���oro tt�ar ons;ta LsrdC��::L'�IIt d3[�C:,!.^.�:f��!, '—
<br /> -^rr�:�
<br /> abaoiute or aontingent end whether arlatng by note,guaranty,overdratt or otherwlse,The Note,this Oeed of Truat and any and atl I k � i
<br /> other docuenta Mat seoure the Note or otherwlae executed in connection therewith,tncluding wlthout Ilmitatlon guarantees,eecurity I , ;�� '
<br /> agreements and assignments of leases and rents,shali be referred to hereln as the"Loan Oocuments".
<br /> 7rustor covenanta end agrees with Lender ea foliows: � �
<br /> 1. Pa�nn�nt of Indebtedness.Ail indebtedness aecured hereby shel�be peid when due. � , �.
<br /> 2. Titls.T�uator is the owner of the Property,hea the right and authoriry to convey the Property,and warrants that the Ilen i
<br /> created hereby la a firat and prior lien on the Property,except tor Ifens and encumbrencea set torth by Ttuator In wrlting and ' �:��
<br /> deiivered to Lender betore executlon ot thts Deed oi Trust,and the executlon and delivery of this Daed of Truat does not vlolate any �
<br /> contract or other obflgation to whlch Truator Ia subjecG � • `
<br /> ;; 3. Taxes,Asssssmenb.To pay before deilnquency all taxea,apeclal asseasments and ali other cherges againat the PropeAy ,
<br /> - now or hereatter levied. : �
<br /> 4. in�urance.To keep the Property insured aflalnat damage by tire,hazerds tnc�uded within the te�m"extended coverage",and .
<br /> such other hazards as Lender may requlre,In amounts and with companfes ecceptebie to Lender,naming Lender as an additional ,
<br /> named fneured,with Iosa payable to the Lender.In case of loss under such poiiclos,the Lender is authorized to adJueL cottect and
<br /> compromise,alt claims thereunder and shatl have the optlon of apptying ati or part ot the Insurance proceeds(i)tn any indebtedneas •
<br /> seCUred hereby and in suCh order es Lender may determine,(11)to the Trustor to be used tor the ropalr or restoration of the Properly
<br /> or(HI)tor any other purpose or obJect setlefactary to Lender without aHecting the Ilen of thls Oeed ot Trust for the tuli amount secured ,
<br /> hereby before such payment ever took ptace.Any applfcatlon of prxeeds to indebtedness shall not extend or postpone the due
<br /> date of any payments under the Note,or cure any detautt thereunder or hereunder.
<br /> B. EscrOw.Upon wrftten demand by Lender,Truator ahall pay to Lender,in such manner as Lender may designete,sutticlent
<br /> aums to enabie Lender to pay as they becoma duo one or more of the tollowing:(I)et�texea,essessments and other charges agatnat
<br /> the Property,(il)the premiums on the property fnsurance requlred hereunder,and(III)the premlums on eny mortgage insurance
<br /> required by lender.
<br /> 8. Malntenance�Repain and Compiianee with Lew�. Trustor ahali keep the Property in good conditlon and repalr;aheli
<br /> promptly repalr, or repiace any Improvement which may be demaged or destroyed; shall not commit or permit any waste or
<br /> deterloratlon of the Property;shall not remove,demo�tsh or subatantially alter any ot the Improvements on the Property;shali not
<br /> commlt,sufter or permft any act to be done In or upon the Property in vioiatlon of any Iaw,ordinence,or regutatlon;and shall pey and
<br /> � promptty discharge at Trustor's cost and expense all liena,encumbrancea and charges levied,fmposed or asaesaed agelnst the
<br /> Property or any part thereot,
<br /> 7. Eminent Domain.Lende�Is hereby asaigned aIi compeneatlon,awards,damages and other payments or reifet(herelnaker
<br /> "Proceeds'y In connecUon with condemnatfon or other taking ot the Rroperty or part thereof,or tor conveyance fn Ifeu ot condemna-
<br /> Uon.Lender Rhali be entitled at ita optlon to commence,appear fn and prosecute in ita own name any action or proceedings,and
<br /> 9hail ai�o be ent�tled to make any compromise or setttement fn connectlon wlth such taking or damage.In the event any poRlon of
<br /> . u.�e.......w.,te e..�eVe�w.�1n�nonn�i 1 cnAnr uhnll hnvn tha nntlnn In Ifa c.elo And abaolute dfSCt@tI0t1,t0 BpAly 811 SUCh PtOC99d8.
<br /> s . �.....�.�.............�. __..._o--•--..__. _.._...--
<br /> after deducting theretrom a�i costs and expenses incurred by it In connectfon with such Proceeds,upon any fndebtednesa secured
<br /> ' hereby end in euch order as Lender may determine,or to appty alt such Proceeds,after auch deductlons,to the reatoratfon oi the
<br /> Property upon such condltlons as Lender may determfne.Any applicatlon of Proceeds to fndebtedneas shall not extend or postpone
<br /> � the due date of any payments under the Note,or cure any detautt thereunder or hereunder.Any unapp�led tunds shali be paid to
<br /> Truator.
<br /> ! ' ;� 8. P��tormartce by L�ndo�.Upon the occurrence ot an Event ot Oefault hereunder,or If a��y act Is taken or tegat proceeding
<br /> commenced which materially aHecta Lender's Interest fn the Property,lender may In Its own dlscretton,but without obllgation to do
<br /> � s�,and wlthout notice to or demand upon Truator and without re�easing Trustor trom a�y obHg�rion,do any act whtch Truator has
<br /> egreed but tai�s to do and may also do any other act tt deema neceasary to protect tne securtty hereot.Trustor ahali,fmmedfately
<br /> upon demand theretpr by Lender,pay to Lender ati costs and expenses Incurred end suma expended by Lender In connecGOn with
<br /> the @xerCiee by lender ot the foregoing tight9,together wlth fntereat thereon at the defeu�f rate prcvided tn the Note,which shall be
<br /> . added to the Indebtednoss secured hereby.Lender shall not Incur any Ilabtilty because oi anythfng tt may do or omit to do
<br /> � hereunder.
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