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<br /> ��'�°� 94-�0��.�9
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<br /> r DEED OF TRUBT WITH FUTURE ADVANGEB --
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<br /> ��., '•' �f�`,'� Y6iiS DEED OF TRU8T,1�made a�ot the 15th day of KeT• ,19 94 by and nmortp -_ -
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<br /> �' . . TIKOTHY A K�DLAR 6 LORI AHN KOLAR __�_husband aecf wi.te
<br /> .f�� •.,, '.."� the Truator,
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<br />: . t�;,�ta-,:,�• 21� E KOENIti APT i2 tiliAHG ISLAND „ � �i8�
<br /> �y�. wiiose nallinp addre�s Is (hereU T or, w K ona oi mon). � _ _ ' . .
<br /> � :��rt ,. �` ,�rt,,x the Trwtee, Fiva Pointa Bank, e Nebraeka Corporeti:on . -- - .�
<br /> � P.0. Bux 1507 Grand Island, HE 68802 _ _�-Y��---
<br /> _ whoae ma11Up addreas Is (heretn"T►ustes'�.and �"�`��:�_,�_
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<br /> � r ' . ' F'ive Pointe Bank ' �`
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<br /> the 8eneticiary. ' '=-�..�; .-'-=---
<br /> •� � 2015 N. Bseadrell [irand ieland, NE. 68802-iS07 ` '���
<br /> whoae mafitnp address(s_ (hereln"Lender'�. '._�'}�� -
<br /> `"�;,-+y-,a,.,_----:
<br /> TIXOTHY A KOLAR '.��i,�f'%;::;�:---
<br /> ' •• FOR VALUABLE CON3IDERATION,inoluding Lenders extension of credit idendfled herein to ��.�:='?Y:�°-
<br /> ;:,�.,:::%.I:.•:lr'�JD�r��.
<br /> �� ' 6 LORI AHR KOLAA �,'''�'"�.;�'`�•-----
<br /> (hereln"Borrower",whether one or more)and the trust hereln oreated, `?���'as�,��.�:•_.
<br /> .i..:t t...f^a�r f�
<br /> the receipt of whfoh Is hereby aoknowtedged,Trustor hereby irrevooebty grante,transtera,conveys and aselgns to Truatee,IN •• s��•--
<br /> " TRUST,WITH PQWHR OF 8ALE,tor the beneflt and seauriry of Lender,under and subjeot to the terms and condidone hereinaiter eet ._„=�-- _ ._
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<br /> • °" . �T�f��I�Y��A����t���D SUBDIVISION. IN THE CITY QF GRAND ISLAND, �:•^�;.
<br /> � � � HALL COUtiTY, l�EBRASKA
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<br /> . Together with a�l bui�dinga,improvemente,flxturea,atreets,alleys,paessgeways,easementa,righta,privllegas and appurte- ��_,__
<br /> � nances tooated thereon or in anywiee pertalning�hereto,and the rente,issuea and proflts,reverslona and remalndera thereof,and '��'�"==--'
<br /> such pereonat properiy that is ettaahed to the improvements so as to oonstltute a tlxture,Inaluding,but not Iimlted to.headng and � ���
<br /> cooling equlpmen�and together wlth the homeatead or maritai intereste,It any,whlch interests are hereby reteased and wafved;all . � `��_:�
<br /> ot which,inaiuding replaaementa and addltions thereto,Is hereby deaiared to be a part of the reel estate seaured by the tien ot this "
<br /> Deed of Trust and ail oi the foregoing being referred to heretn as the"Properry". ''�' .�
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<br /> � This Deed ot Trust ehail aeoure(a)the payment of the prinolpai aum and interest evidenced by a promiesory note or credit , "��,���.
<br /> - � � - agreement dated KBrch 15th 1994 ,p$y�ng 8 maturlty date ot September i ith 1994 , •_____ '��� _f�
<br /> 60.020.S0 ,and an and all modlflcaUons,extenelona and renewate
<br /> In the orlginei prinaipe�amount ot$ Y
<br /> thereoi or thereto end any end all futu►e advances and readvancea to 8orrower(or any ot them if more than one)hereunder � .' �'� .��
<br /> pureuant to one or more promissory notes or credlt agreements(heretn cailed"Note'7;(b)the payment of oth�r sums advenced 6y . � a
<br /> Lender to protect the security ot the Note;(o)the performenae ot all covenanta and agreements of Truator set forth herein;and(d)eli � i` ��
<br /> present and tuture indebtedness and obllgatlons oi Borrower(or any of them It more then one)to Lender whether direat,indireat,
<br /> . sb�:.�;:ts ar car.�r,,;an!arsd s:hsthsr sr!sing b�rtots,gusranty,overdraft or o!hewlee.The Not?,thl9�e!�ot 7r��ef end any And aIi . ��`-'.y� -
<br /> other doauents that seaure the Note or otherwlae executed In conneotlon therewith,inctuding wlthout timftatlon guerenteea,seouriry �. '���
<br /> agreements and assignments of leaees and rents,shal�be reterred to hereln as the°Loan Oocuments". . - , -
<br /> Truetor oovenants and agreea with Lender as toilowa: `J
<br /> � 1. Paym�nt of Ind�bt�dntas.AII indebtedness secured hereby shall be paid when due. �.�.
<br /> . 2. T18s.Trustor fe the owner af the Property,has the right and authority to convey the Properly,and warrants that the Ilen ,.`�� �,-
<br /> �� created hereby Is e first and prtor ilen on the Property,except tor ilena and encumbrances aet torth by Truator in wriUng and
<br /> delivered to Lender betore executlon ot thls Deed of Trust,and the executfon and delfvery oi this Oeed o!Trust dosa not vlolete any . �4%'���
<br /> contraot or other obitgatfon to which Trustor la subJec� � '���
<br /> t 3. Taz���stNtm�nb.To pey betore c!e►inquency ali texea,apecial asaessments and all other charges agalnst the Property , J�
<br /> now or hereatter levied. � �,�;
<br /> 4. Inturenes.To keep the Property insured agafnst damage by tfre,hazards tnCluded wlthin the term"extended COVerage",end � - .,�
<br /> such other hezards as Lender mey require,in amounts and with companfes acceptabte to Lender,naming Lender as an addlUOnat � �� �;
<br /> �� named tnsured,with tose payabie to the Lender.In cese ot Ioss under auch pollciAS,the Lender is authorized to adJusL coliect and
<br /> compromtee,6II Ctalms thereunder and shall have the option of applying alt or part of the insurance proceeds{i)b any indebtednese -r�-
<br /> secured hereby and In such order as Lender may determine,(il)to the Trustor to be used tor the repafr or reatoratlon of the Propetty
<br /> or piq tor any other purpose or obJect eattsfactory to Lender without aHecting the lien of this Oeed of Trust tor the lull amount secured ; � �
<br /> hereby before such payment aver took place.Any appticatfon of proceeds to Indebtednesa ehall not extend a poatpone the due
<br /> date of any payment8 under the Note,or cure any de}ault thereunder or hereunder.
<br /> b. E�erow.Upon written demand by Lender,Trustor shall pey to lender,in such manner as Lender mey dealgnate,auftictent ,,
<br /> sums to enabte Lender to pay as they become due one or more oi the to��owing:(i)all taxes,assessments and other charges agafnat
<br /> the Properly,{il)the premluma on the properly Inaurance requlred hereunder,and(lii)the premfums on any mortgage insurance �
<br /> . requlred by Lender.
<br /> 8. Maint�naeas.Repain end Compliance wlth Law�. Trustor ahall keep the Property In good conditlon end repalr;shal�
<br /> promptiy repalr,or replace any Improvement whfch may be damaged or destroyed; sha�l nct commit or permit any waste or '
<br /> deterloraUon of the Property:shell not remove,demolleh or substantlai�y aiter any oi the Improvements on the Property;sha�l not
<br /> commlt,suHer or permlt any act to be done In or upon the Propertyr In vlo�atlon ot any taw,ordfnance,or reguiatton;and ahali pay and
<br /> � prompNy discharge at Truator's coat and expense ali ilens,encumbrances and chargas levled,imposed or aesessed against the .
<br /> ; Properly or Qny part thereot.
<br /> 7. Eminent Domain.Lender Is hereby assigned ai�compensatlon,awards,demages and other paymenta or rel�et(hereinafter
<br /> "Proceeds")in connecUon with condemnation or other taking ot the Property or part thereot,or}or conveyance in lieu ot condemna- ,
<br /> � tion.Lender shall be entitied at its optlon to commence,appear fn and prosecute in its own name any action or proceedings,and .
<br /> shali atso be entltled to make any compromfse or settlement In connectlon wlth such taking or damage.in the event any poRlon of , •
<br /> � t the Propertyr is so taken or damaged,Lender shait have the optfon,ln fts sote and absotute dlscretlon,to apply a�l euch Proceede.
<br /> i. ��.a�......u....•�e.er...w,eu w..o�c nn�1 ovrwnonn Inr.�,rrarl hv It fn r.nnnar.tfen wlth such PtoCe0d8.UD0118f1Y if1d9b10d(1988 86CUI6d _
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<br /> • hereby and In such order as Lander may determine,or to appiy a�i such Proceeda,atter such deductlons,to the restoration ot the
<br /> .� Property upon such conditions as lender may determine.Any appltcatlon oi Prxeeds to fndebtednesa shell notextend or poatpone
<br /> the due date ot any payments under the Note,or cure any de}auit thereunder or hereunder.Any unapp�ted tunda shall be pald to
<br /> i Truator. �
<br /> � 8. P�rformancs by L,�ndor.Upon the occurrence oi an Event ot Detauit Nereunder,or ft any act is taken or Iegai proceedtng .
<br /> ` ` 4' commenced which materiatiy aNects Lender's Interest fn the Property,lender may In its own dlscretion,but wlthout obllgatlon to do
<br /> ; ; { so,and without notice to or demand upon Trustor and without releasing Trustor from any obllgatton,do any act whlch Trustor has .
<br /> ; t agreed but fails to do and may aiso do any other act It deems necessary to protect the securlty hereof.Trustor ahalt,Immedlateiy
<br /> , upon demand theretor by Lender,pay to lender alt costa and axpenses fncurred and sums expended by Lender i n connectlon with
<br /> the exercise by Lender ot the foregoing rlghta,together wlth Intereat thereon at the detau�t rate provided in the Note,whtch shatl be
<br /> added to the indebtodness secured hereby.Lender sha�� not incur any tfabllity because ot anything tt may do or omit to do
<br /> � � hereunder.
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