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<br /> ' . , .�.�.'�_. pBBD OF TRUST 1�ITM FUYUW6 ADOIANCE� ----
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<br /> '�"`"` • .:�' whot�mRftinp aderAU Is�?�' Pi°Rw�P Blvd Oraad Ielend�h�reln"Tru�ar,"whNhor o�s or mon� �-
<br /> . ' , ' �', �e TMu�, �ivo Peint. R�� � Y�6=��Ic�Corooration , �
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<br /> �� ' � whoae matllnp addrea�ts�•0. Box 1507 Grand I�ltesd, NE 68802 (hereln"Trunee'�,and �.�:;
<br /> . � the Beneilotary, Fivs Point� Bank ""'i
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<br /> 201:i M. Bro�d��il tirand Isl�nd, IiB. 68802-13�7 •�`°
<br /> herein"Lende�'�. .'�::
<br /> . . whoae maflinp eddrese ia � ;
<br /> •� . ' Jaw�s C M�ndt '��
<br /> ;' ` . .. FOR VALUABLE CONSIDERATION,including Lende�e extenalon of oredit identifled hareln to �
<br /> � " � l�nry�ue Mendt (herefn"Borrower",whether one or more)and the truet hereln oreatod, ��w
<br /> � •• the recetpt of which is hereby aaknowtedged,Truetor hereby I�revocably grents,Uensfers,aonveys and essipns to Truetee,IN
<br /> TRUST,WRH POWER OF 8ALE,tor the benefit and seau�ity ot lender,under and subJeot to theterms end conditlona hereinafter eet
<br /> forth,the rea�property,described as toliowa
<br /> Lot Three t3), Ken�ar� Subdivision to the City oi tirand Ielend� Hall County, .
<br /> . .:,
<br /> :_: .;.•--��-------�--�----- l�ebraeke.
<br /> Together with ail buildinge,improvemente,flxturea,etreete. Alleys,pessageways,easements,righte,priv0egea and appurte-
<br /> nancea loceted thereon or fn anyw{se pertalning thereto,and tha rents,issues and proflts,reveralons and remainders thereot,and ��
<br /> suoh peraonai property that ta attaohed to the improvements ao as to conatitute a flxture,inotuding,but not Umlted to,heatinp and ��'i°
<br /> , cooling equipmen�and together with the homeatead or meritel intereate,if sny,whioh intereats are hereby reteased end waived;ail �'
<br /> ot whiah,Inoiuding replacementa and additions thereto,is herebydeotared to be a part of the real eatate seaured by the Iten of thia
<br /> Deed of Truat and ati of the toregoing being reterred to herein a�s the"Property".
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<br /> � Thia Oeed o}Trust shail aeoure(a)the payment ot ihe pnc�lpal sum and Interest evldenaed by a promiesory nots or oredft �s;=
<br /> - � ' � agreement dated Karah ibth I99A ,ha�ving a maturiiy date ofi �Dr31 lei 29� �,- -
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<br /> In the original principai�amount ot a 107,00@.00 .and any and atl moditications,extensions and renewala
<br /> therecit or thereto and a�iy and all future advancos and rsadvancea to 8orrower(or eny ot them if more than onej hereurtder �z__
<br /> � pu►suant to one or more promieaory notea or aredit agreements(hereln called"Note'7;(b)the payment of oth�ar auma advanced by
<br /> Lenderto proteat the security of the Note;(c)the pertormance af all covenenta and agreements of Trustor set forth herein;and(d)ail �
<br /> present and tuture Indebtedness and ob{igatfons ot Borrower(o�any of them if more than one)to Lender whether direot,tndtreot, � ,_
<br /> absolute or condngent and whether arising by note,guaranty,overdraft or otherwise.The Note.this Deed of Trust and eny and ail
<br /> • ether docuents that seoure the Note or otherwtae executed in connecUon therewlth,inciuding without timitaUon guarantees,eeaurNyr _
<br /> , agreements and essignments ot leasea and rents,shall be referred to herein as the"Loan Doouments". _,__
<br /> Trustor covenants and agrees with tender as tottowa:
<br /> . t. Paym�nt ot tnd�btsdnht.All Indebtedness secured hereby shalt be pald when due. �'
<br /> 2.Titl�.Truetor is the owner of the Property,has the right and authorlty to convey the Prope►ry,and warranta that the Ilen �``�
<br /> cree�ted hereby Is a flrat and prlor Ilen on the Propery,except b�Ilens end encumbrancea set torth by Trustor In wridnp and -
<br /> dellvered to Lender betore exeaation ot this Deed of Trust,andtheexecutlon and detivery oi thls Oeed ot Truetdoea�ot violflte any `a
<br /> • aontraat or other obligation to whlch Truator is subjec� '
<br /> 3.Taxn,Asassm�nb.To pay betore dettnquency alt texea,speclal esaessments and ali other cherges against the Property
<br /> now or hereafter�evfed.
<br /> 4. Insurana��To keep the Property�nsured against damage by fire,hazurds In�luded withln the term"extended ccversge",a�d -° _
<br /> such other haxards ea Lender may require,tn amounta and with companies acceptabte to Lender,neming Lender as an additionel
<br /> named Insured,wlth loss payable to the Lender.In case ot losa under such policies,the Lender is authorized to adJust,coflect and "'
<br /> compromise,alt clsims thereunder and shall have the optlon otapplying all or part ot the insurence proceeda(i)to any indebtednees
<br /> secured hereby and In such order as Lender may determine,(Iq to the Trustor to be used tor the repair or reatorallon of the Property
<br /> o�(IH)tor any other purpose or obJect satfsiactory to Lender wNhoutaitecting the tlen ot thls Deed of Trust tor the tu�t amount secured
<br /> hereby betore such payment ever took plece.Any application of proceeds to Indebtedness ehait not extend or poatpone the due
<br /> date of any paymenta under the Note,4r cure any default thereunder or hereunder.
<br /> S.Escrow.Upon wrttten demand by Lender,TruetOr shsll pey to Le�de�,In auch manner as lender may desfgnate,suNicfent •
<br /> sums to enab�e Lender to pay as they become due one or more of the following:(I�a��taxes.assessmenta and other chargea agalnet
<br /> the Property,(ti)the premiums on the property Insurance requfred hareunder,and(III)the premlums on any moKgage inaurance
<br /> required by Lender.
<br /> 8. Maintenanae,Repatn and Complfenes with Lew�. Truetor ehalt keep the Property in good conditlon and repafr,shAll
<br /> promptly repair,or repiace any Improvement which may be damaged or destroyed; ahell not commlt or permit any waste or �
<br /> ' deterioration of the Property;shatl not remove,demoilah or substantlally alter any ot the improvements on the Properly;sh8i1 not
<br /> commlf,sutfer or permit eny actto be done In or upon the Property In violation ot any law,ordinance,or reguiation;and shali pay and j
<br /> , p�ompdy dlBCharge at Trustor's coat end expen8e ail Ilena, enc umbrancea and chargea�evied,ImpoBed or aeseseed againet the ;
<br /> Property or any part thereot.
<br /> 7.8mtn�nt Domain.Lender is hereby asstgned alf compen seHvn,awards,damages and other paymenta or retiet(hereinaRer
<br /> "Proceeds'�in connectfon with condemnatlon or other taking of 4he Property or part thereot,or tor conveyance in lieu ot condemna•
<br /> tion.Lendor shalt be entitied at Its optlon to commence,appoar m and prosecuto In tts own name any actlo�or proCeedings,and
<br /> " " sh81i aiso be entltied to make any compromise or settlement In connectfon with such takfng or demage.In the event any portfon ot
<br /> �J the PropeRy Is so taken or damaged,Lender shail have the opti on, tn Its soie and abaolute dlscretlon,to apply att such Proceeds,
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<br /> hereby and In such order as lender may determfne,or to appiy all such Proceeds,aRer such deducUons,to tha restoraUOn ot the
<br /> Properry upon such candltions as lender may determine.Any eppllcatbn ot Proceeda to fndebtedness shall not extend or poatpone
<br /> the due date of any paymenta under the Note,or cure eny delault thereunder or hereunder.Any unapplled tunds shall be pald to
<br /> " � Truator.
<br /> � ;l. 8.P�rbrm�ncs by I.�nd�r.Upon the occurrence ot an Event o}Detau�t hereunder,or I(any act Is taken or Iega�proceeding
<br /> : •+ � commenced whloh materlally aNects Lender's Interest fn the Property,Lender may tn Its own dlscretlon,but wlthout obllgatlon to do
<br /> � s o,a n d w l t h o u t n o t l c e t o o r d e m a n d u p on Tr u st or and wlthout releasin g Truetor trom an y odl gatlon,do en y act whlch Truetor has
<br /> agreed but falta to do and may also do any other act It deema ne�essary to protect the securfty hereot.Trustor shalt,immediately
<br /> upon demand theretor by Lender,pay to Lender a�l costs and expenaes incurred and aums expended by Lender tn connectlon wlth
<br /> ' the exetclse by Lender ot the foregotng rlghta,together wlth intereat thereon at the detauit rate provlded tn the Note,whlch ehall be
<br /> ' `� added to the i�debtedness secu�ed hereby. lender ahalt not Iecu�any Ifablllty because of anything It may do or omit to do
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<br /> hereunder.
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