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<br /> . � .� � ., D��D OF TR618T WITH FUTUR�ADVARfG�B �". -_` -
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<br />� ;,r. TMIB OEED OF TRU6T,ts mede as of the_�stdday oi Mnrwh .1A_94.by end amonp �..�,:`�,w'��°�� -
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<br /> " the TruBtot Har01d !.. .lahnROn_� Kathrv� M Jo�nson�kuRbend snd wite _ , ''.��'- �
<br /> � �*y,i�;:Y-- �—
<br /> . . �'�ti
<br />� � whoae mafilnp address ia ���� w Knent�� Grwnd_ �al,.nd NF RRAA1 (h,tr81f1"Trustor,"whsther one or more)� . s_,,-_,
<br /> � �A:
<br /> __ ' _" "- ., ' • _ _
<br /> �: � � . the TluMef�, ' �.�,- 3--• - _
<br /> •,� o ^ Sex 1 S07 Grend island NE 6 02-1 S07 •�e•`v^��'
<br /> _ •� . whose melltng addreaa is @A (herein"Truetee'�.and • :°1�;��_�„_.
<br /> . . . ; KJtli�}��-,�
<br /> ° the 8eneflolary� �iai' °_:_._ n__n � :Sy�..-TM�
<br /> . o�.r:��_.
<br /> ' whoae mallingaddrese is ° n Q�� 1507� Grand Island NE 66802-iS07 (hereln"Lender�. � ;t�+::•--r.-
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<br /> - � � ,•_`i!':aS.:=-.-
<br /> FOR VALUAB�E CONSIDERATIOM,including Lendera extension of credit identifled herein to Haretd L. Je4�n�aen & .� ,:';R;.r.__
<br /> ,. - .t� __�,.-
<br /> �� �4athrvne M. Johnson (hereln"eorrowe�",whether one or more)and the truat herein oreated. - ''�'=�'i;'��-
<br /> the receipt of which is hereby acknowledged,Trustor hereby irrevocably grante,transfers,conveys and aeaigns ro T►uatee,iN - ����:'�=-�-
<br /> TRUST,WITH POWER OF 3ALE,lorthe ben e flt a n d seaur ity o t L en der,urt der an d au b Jec t to t he terme and oonditlons hereinatteraet , '?�-�
<br /> torth,the rea�property,desa�ibea asto�towa The Southerly Fifty-two (52) feet of that certain full ��
<br /> � Lot comprised of the followtng described tract of ground: Fracttonai Lot Four (4) in . __ _
<br /> .. . �a�
<br /> ._.__ .... ., .. ..... �.-
<br /> � Fractional t31ocK Forty-nine i�+y) �n ttuss�i S�Yii�roier='s Adcliticn, an8 its aamplement, to- _-..._�—_ _, - -
<br /> '' wit Fractional Lot Four (4) in Fractional Block Stx (6) M Gilbert's Additton, both -��
<br /> ' ` betng Additions to the City of Crand Island, Hall County, Nebraske. ° �'""�°"�-=
<br /> � Together with eil bui�dings,Improveme�ts,ilxtures,streeta,alleys,passagewaye,easementa,righta,prlvileges a�d eppurte- " }���
<br /> " nances located thereon or In anywise pertaiNng thereto,and the rente,iseues and protite,reversions end remaindera thereof,and �� -
<br /> i_�:.
<br /> �..��
<br /> suah perso�ai praperty that Is attached to the improvements so as to consUtute a flxture,inotuding,but not Iimited to,heaUng and • � _'-=�
<br /> � � cooling equlpmenx and together with the homestead or maritel interests,if any,which interests are hereby released and waived;ali `r'v
<br /> -� ot which,ino�uding replacements and additions thereto,is hereby deoiared to be a part ot the rea{estate seoured by the tlen of thta ,;�.
<br /> Desd of Trust and ali ot the tarepoing being refened to herein as the"Property .
<br /> �. ; �_
<br /> Thls Deed ot 7rust shali secure(a)the payrnent ot the princlpa!sum and intereat evldenced by a promisaory note or aredit � ��
<br /> � . . a rsenant�ated Marr_h 22 rt 9gts ,heving a matu�ity date ot April .1: 199Q -• ^ - � �.�.'� --,- .
<br /> 9 . �
<br /> in the original principai amount of S �� ^^^ ^^ ,and any and ail modlflaatlons,extenslona and renewais �'-�
<br /> thereot or thereto and any and ali tuture advances and readvances to Borrower(or any of them if more then one)hereunder -''..� �
<br /> pursuant to one or more promissory notes or aredlt agreementa(herein called"Note'q;(b)the payment oi other aume advanced by ' :; .�
<br /> Lender to proteat the seourity of the Note;(c)the pertormance of ail covenents and agreementa oi Trustor set forth herein;and(d)a�t s: �`�
<br /> � present and tuture indebtednesa and obligatlons ot Borrower(or any of them It more than one)to Lender whether dlreaf,iadirec� � �+
<br /> absolute or contingent and whetber arising by note,guaranty,overdraR w otherwlse.The Note,this Oeed of Trust and any and ail �"`
<br /> ' .� ,
<br /> other docuents that seoure the Note or otherwlae executed In conneotlon therewith,inc�uding without timitation guaranteea,aecurity .�.��
<br /> ag�eements and asaignments of leases end renta,shall be referred to hereln as the"Loan Documents". ;
<br /> T�ustor covenenta and agreea wlth Lender as toilowa: ,
<br /> ;�� t. Paym�nt ot�ndsbtednsu. All indebtedneas secured hereby shail be paid when due. I � .
<br /> 2. TNie.Truetor i8 the owner oi the P�operty,has the right and authority to convey the Property,and warrente that the Ilen '•
<br /> created hereby le a Nrst and pdor Ilen on the Properly,except for Ilens and encumbrances set forih by Trustor In writing and • � , ��'�`�
<br /> � delivered to Lender betore executlon of this Oead ot Truet,and the executlon and delivery ot this deed of Trust does not vlolate any i .'f-��s
<br /> contraat or other ob�igaUOn to which Truator Is subjec� , � F -
<br /> 3. TaxN,Ass�ssmtnb�To pay before dellnquency atl texes,special asseasmenta and all other charges against the Properly � . �
<br /> • now or hereafter Ievfed. � ���
<br /> 4. Ituu►ance.Yo keep the Properiy inaured c�gairist damage by fire,hazarde inctuJed withtn the term"extended tOVBrage",and , , -
<br /> such other Aazards as Lender may requlre,in arnounta and with companles acceptable ta lender.neming Lender a8 an edditional � �
<br /> named insured,wlth toss payable to the Lender.In case oi loss under such pollclea,the Lender is authorized to adJus�coiteat end �
<br /> compromise,att ctelms thereunder and shatl have the option ot applying all or part ot the Inaurance proceeds(tj to any indebtedness •-��
<br /> aecured hereby end in such order as Lender may determtne,(If)to the Truator to be used for the repelr or restoradon of the Property � '
<br /> or(fli)for any other purpose or obJect satlafactory to Lender wlthout aHecting the�ien of this Oeed of Trust tor the tuli emount secured �'
<br /> hereby betore such payment evor took place.Any appifcation ot proceeda to Indebtedneas ahati not extend or postpone the due � .
<br /> date ot any payments under the Note,or cure any detau�t thereunder or hereunder. ,.
<br /> 5. Etcrow.Upon written demand by Lende�,Trustor shati pay to Lender,In such manner as Lender may designate,suHicient ��
<br /> sume to enable Lender to pay asthey become due one or more oi the toi�owing:(i)alt texea,asseasme�ta and other charges agalnst
<br /> the PropeRy,(li)the premtums on the property insurance required hereunder,and(ilf)the premiums on any mortgege Insurance
<br />- , `i reiquired by Lender.
<br /> 8. MainHnaec��R�ptin and Compliancs witM Lew�.Yrustor shall keep the Property In good condition and repair;shal�
<br /> prompUy�epalr, or repiace any improvement which may be damaged or destroyed; shel� not commit or permit any waste or
<br /> deterioratlon oi the Properry;shali not remove,demottsh or substantlaliy alter any of the improvementa on the Property;shell not
<br /> commiL euNer or permit any act to be done in or upon the Property in vloladon ot any iew,ordinance,or regu�atlon;and shall pay and
<br /> . promptly disChBrge at Truetor's coet and expense ali Ifena,encumbrances and charges levied,imposed or assesaed agalnst the
<br /> ; , P�operty or any part thereof. ,
<br /> 7. Em1nMt Dometn.Lender is hereby asslgned ail compeneatton,awarda,damages and other paymenta or retlef(herefnafter
<br /> "Proceeda"�In conn8ction wfth cnndemnation or other takfng ot the Property or part thereoi,or tor conveyance fn Ileu oi condemne- �'
<br /> Uon.Lender shatl be entitled at its option to commence,appear in and prosecute in Ita own name any ectfon or prxeedings,and .
<br /> ahall also be endtled to make any compromise or eettiement ln connection with suCh taking or damage.ln the event any portion of .
<br /> the Property is so taken or damaged.Lender ehall have the optlon,in Its aote and abaoiute dlscretlon,to appty alt such Proceeds,
<br /> �. attar doductino thsrahom all costs3 and�xoenses incurred bv tt in connection with such Proceeds,upon any tndebtednesa eecured .
<br /> � heteby and in euch order es Lender may determine,or to epply aIi 8uch Proceeds,after such deductlons,to the restoraUon ot the
<br /> Property upon such condltlona as lender may determine.Any appllcaUOn of Proceeds to Indebtedness shall not extend or postpone
<br /> the due date ot any payments under the Note,or cure any deteult thereunder or hereunder.Any unappl►ed funda ahall be pald to
<br /> Trustor. '
<br /> ' 8. Perbtm�nas br L�nd�r.Upon the oca���rence oi an Event ot Deteult hereunder,or if any act fa taken or tepal proceeding •
<br /> � �� commenced which meteriatly aHects Lender's fnterest fn the Property,Lender may In Its own discretton,but without ob�igation to do
<br /> �E so,and without�oNce to or demand upon Truetar and without reieaeing Trustor trom a�y obitgatlon,do any act whlch Trustor hes ,
<br /> agreed but fal�s to do and may elso do eny other act it deems necessury to protect the eec��rlty hereot.Truator ahall,immediately
<br /> • upon demand th�refor by Lender,pay to Lender ell coata and expenses incurred and suma ezpended by Lender tn connectfon with
<br /> i Me exercise by Lender of the toregoing rights,together with Intereat thereon at the detautt rate provided in the Note,which shall tie
<br /> sdded to the Indebtednesa secured hereby.�ender ehait not incur any Iiabfiity because ot anything It may do or omit to do
<br /> , hereunder.
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