��_f _ �� . .
<br /> �::. �' -
<br /> ,�+.. , w � �. , ' -
<br /> f=.�-.' :`�
<br /> , • � .�..a,:
<br /> ' �: ; , , _«� �.�.. �. � .,;;._ -
<br /> . . ..,.,��..,.. ... ,. - - - -
<br /> . . � .
<br /> , , , _
<br /> _ ..-- - __��.,. .�.�,..�_.__...�__.�. . .. -
<br /> ,�� ..._,. � .--_----- ---
<br /> � ���
<br />_ � '�'� { DI:ED OR TRUST WITp F�JTIURE ADVANCEB `94'` 1Q�;,�'�
<br />- �!�'�•::...:""r;;� "—''==_-�.
<br />� � �•�:�:x' �'��' THIB OE�D OF TRU81',b mads a�of the r��..h_.day of ��_• .18_�.by and amo�p
<br /> , � ,�"-�.�i� the Trustor� tar� � Sl�u�� �. C�tpt J gE�u�� � h.�b nd and rii� _ �
<br /> .-.
<br /> ^f .. v�hoae maliinp addras Is 3��� M B�ohtNn St Gru�d I�load�hereln"T►u�r,�'�ei��+�'or more),
<br /> r. '' .'.'"ti ' �...J', a Y�6ra�k� Cerpnra4iea � �.
<br /> - ° `*2;;` .•r . ..,�:� ths T►uste@� Fiv� Pninte B�eEt. L_YU- --
<br /> • � whose malllnp address IB p'�' �x 1307 Gr�ad Irlaad� NE 68802 (hereln"Truetee'9,and =='
<br /> ��-..
<br /> . „ . the Bsnefiaiary, Piv� Poiats Bank . "`°
<br /> ry
<br /> {�`''-=
<br /> � • „ � whoae malling add�eas fe ZO�s H• Bro�d��ll Grand I�lutd, ti6_. 68802-iS07 (herein"Lender•7. �:��
<br /> ' FOR VALUABLE CON8IDERATION,inaluding Lender's extenelon ot aredit idendtled heroin tl;��� A St�uss �s;;-
<br />/ b Corol J 8tauas (hereln"Borrower",whether one or more�and the truat heretn oreated, � r,?�.--
<br /> �5.,_
<br /> � the receipt oi which Is hereby aoknowiedged,Trustor hereby Irrevoaably grante, tranafere,conveys and assigns to Trustee,IN a;,�r,_,
<br /> TRUST,WRH POWER Of 8ALE,tor the beneflt and seourity oi Lender,under and eubJeotto the termsand condlNons heralnaiter set ���-=�
<br /> �,.
<br /> forth the r�a1 pro�e�y desaribed as toitowa "'`-=
<br /> � ' ' I.O�Y' FIYE t5� I�i MESTNOOD PARK SECOHD SUBDIVISIO1t TO THE CITH OF GRAND ISLAHD, ;' r�'"; --
<br /> - ------'-.'"-- iiAi.i. �uuttt i� w�annas►i� - -.— —
<br /> . , ' -•"`-c=
<br /> i '„ r"
<br /> � Together with all bulldiogs,improvemente,flxturea,eueets,aileys,paesageways,easements,rlphte,pnvileges and appurte- -���;T_
<br /> nanaes looated thereo�or In anywise pertafning thereto,and We renta,leaues and proflts.reversions and remaindera thereot,and • ,�.-��_
<br /> auch personal property that is attached to the improvements eo as to constitute a fixture,inoluding,but not ilmited to,heating and ° ,,;�-•�-_
<br /> ° cooting equipmen�and together wlth the homestead or maritat interests,if any,which Interesta are hereby reieased and waived;alt -"-='—�
<br /> of whfoh,fnctuding reptacement�and addttlons thereto,ia hereby deaiared to be a part of the reai eatate eeoured by the Ilen of this ,�,��_=—�
<br /> „ Deed of Trust and all of the toregoing being referred to hereln as the"P►operly". _ .±�;�.��=-
<br /> . This Deed ot Trust shall seoure(a)the payment ot the prinolpai sum and interest evidenaed by a promissory note or oredit „ ., �_�#=`�,..�.
<br /> ' - � - «. a n�a� 1nn• . _� J���o �Ath 1994 ' ..���-.
<br /> _ .--=-------= agrssment�atsa *,���}� J44�� JJti ��IN�Illlls. A II�0�Y11\r YOW V� �-' _ ____' '
<br /> in the orlginal principal amount oi� �g•000.00 , and any end aIi moditicaUons,extensions and renewats ,
<br /> " thereof or thereto and any and a�l tuture advances and readvances to 8orrower(or any ot them Ii more than one)hereunder ..,':r�.�•
<br /> pursuant to one or more promissory notes or oredlt agreementa(hereln calied'Note'�;@)the payment of other eums advanced by
<br /> Lender to protect the security of the Nate;(c)the performance oi all covenants and agreemente ot Trustor set torth herein;and(d)elt i� �� j
<br /> present and tuture indebtedneas and obligaUona oi 8orrower(or any of them it more than one)to lender whether direct,indirect,
<br /> absotute or contingent and whether arising by note,gueranty,overdraft or otherwise.The Note,this Oeed of Trust and any and all �'•r;,:'
<br /> other docuents that eeoure the Note or otherwise exeouted In connectlon therewith,inciuding without Ilmitedon guaranteea,seourity „ -►``��
<br /> agreements and assignments of Ieases and renta,shali be reterred to herein as the"Loan Doauments". �'��
<br /> . Truator covenants and agreea with Lender as foliows: '
<br /> � t. Payment oi�ndebtsdnea.AII indebtedness seoured hereby ahalt be pald when due. ,,�,
<br /> 2.TRI�.Trustor Is the owner of the Property,has the right and authority to convey the Property,and warranta that the Iien .
<br />- created hereby is a tirst and prlor Ifen on the Property,except tor Ilens and encumbrancea aet forth by Truator fn wridng and . �� :����
<br /> delivered to Lender betore execution ot this Deed of Trust,and the execution and delivery of this Deed of Trust does not vlotete any •�-�
<br /> contract or other obllgaUon to whtch Trustor is subJect �'�`�'
<br /> 3.Taxss,A�um�nt�.To pay betore deifnquency all taxes,epeclat asaessmenta and a�l other chargea agafnat the Ptoperty
<br /> � ° now or horaattor lovlad. -
<br /> 4. Insurance.7o keep the Property insured agatnst damage 4y tire,hazards included withfn the term"extended coverage",and � �
<br /> suah other hazards as Lender may requlre,In amounts and wlth companiea acceptable to Lender,naming Lender as an additlonal i .
<br /> � named Insured,with�oss payabte to the Lender.�n case oi loss under euch poiicies,the Lender Is authorized to adJust,collect and I
<br /> compromise.ali ctalms thereunder and shai�have the optlon of epplying att or part of the Insurance proceeds(i)to any Indebtedneas i
<br /> aecured hereby and In such order as Lender may determine,(4)to the Trustor to be used for the repafr or restoration ot the Property
<br /> or(ill)tor any other purpoae or object satiafactory to Lender without aNectf�g the�len ot thls Deed oi Trust tor the tull emount seeured �
<br /> hereby before such payment ever took piace.Any appltcetion of proceeda to indebtedneas shali not extend or poetpone the due � .
<br /> date of any payments under the Note,or cure any default thareunder or hereunder,
<br /> S. E�aeow.Upon written demand by Lender,Trustor ahail pay to Lender,in auch manner as Lender may designate,suHicient
<br /> suma to enable Lende�to pay as they become due one or more ot the tollowing:(I)att taxea,assessments and other charges�gainst
<br /> the Property,(fi)the premiums on the property insurance requfred hereunder,and(Itl)the premluma on any mortgage Insurance ,
<br /> requlred by Lender. �
<br /> 8. Maint�nane�, Repaln and Comptiance with law�. Truator ahatl keep the Property fn good condltlon and repafr,eha�i
<br /> � prompUy repalr,or repiace any fmprovement which may be damaged or destroyed;shalt not commit or permlt any waste or
<br /> ' ' deterloration ot the Property;shall not remove,demotiah or substantielly alter any ot the Improvements on the Properry;shatl�ot
<br /> commit,sutfer or permit any act to be done In or upon the Property In vlolatlon of any�aw,ordlnance,or regulatlon;and ahalt pay and ,
<br /> promptiy discharge st Trustor's cost and expense all Ilens,encumbrences and charges levled,imposed or asseased agafnst the
<br /> Property or any pad thereof.
<br /> 7. Emi�tnt Domain.Lender Is hereby assigned all compeneatlon,awards,damagea and other payments or reilei(herelnefter
<br /> "Proceeds"y In connection wlth condemnatlon or other taking of the Propeny or pert thereot,or tor conveyance In Iieu of condemna-
<br /> Uon.Lender shall be entlUed at Its optlon to commence,appear in and prosecute in Its own name any acUOn or proceedings,and
<br /> shali a18o be entltled to make any compromise or settlement tn connectlon with such taki�g or damage.In the event any portlon of
<br /> • � , the Property Is so teken or damaged.Lender shall have the optfon,fn Its soie and abaolute discretion,to appiy aIi auch Proceeds,
<br /> �` J akar daductlnn theratrom al�coata and exnenses Incurred bY It in connectlon wfth such Proceede,upon any indebtedness secured
<br /> �� hereby and in such order as Lender may determfne,or to appiy all such Proceeds,after such deductlons,to me reatorat�on ot cne
<br /> . � Property upon auch co�dltions as Lender mey determine.Any appllcaUon of Proceeda to Indebtedneas ahali not extend or postpone
<br /> `� ttte due d9te ot any payrovnln w�Jv� it�e Note,or cure any detault theroundGr cr hereunder.Any unapplled tunds shail be peid to
<br /> _ ' l Trustor.
<br /> I 8. P�rtotmano�by L�ndsr.Upon the occurrence of an Event ot Defeutt hereunder,or tt any act is taken or tepai proceedfng
<br /> 's ` �� commenced which materlally aHecta Lender's tntereat In the Property,Lender may in ita own discrotion,but wfthout obllgatlon to do
<br /> ' eo,and wlthout notice to or demand upon Trustor and without releasing Trustor irom any ob�igetlon.do any act which Trustor has
<br /> � agreed but fails to do and may atso do any other act it deems necessary to protect the security hereot.Trustor shail,Immedlatety
<br /> upon demand the�eto�by Lender,pay to Lender a�i costs and expenses Incurred and sums expended by Lender fn connectlon with
<br /> � ,` the exercise by Lender of the torepoing rights,togother with tntereat thereon at the detauit rate provlded In the Note,whlch shelt be
<br /> added to the indebtedness secured hereby. Lender shali not Incur any itablllty because of anything it may do or omit to do
<br /> ,
<br /> • hereunder.
<br /> � �
<br />
|