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<br /> :��'�'"_`���'"• D��D OF TRU9T t�19Tp FI�Tt��i��l��fANC�B
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<br /> __.�_;..,..,e�..� 19_»Gy snd a�&ry
<br /> � � Ttiia Or:�Q OF TRiJST�t$��edo ae ot tha 31at �y af Fla�'. � 9'� �_—�.
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<br /> � �� �'��'R' �RE13QRtt J KAYL � DDRIligA K KAYL h�eband und rife
<br /> thn Truatar, ' -
<br /> L',��`-�'��'? � �� 319 SOUTH PLUM ORAND ISLAHD here►n'Tru tEor,6 whetlher one or moro�,
<br /> v�hose malting nddresa I� �
<br /> � �• y the Tnrstse, _ �ive Pointe Bank, s tFebr�eke Corposration . �
<br /> ____ " __ _ p.0. Box 1807 drand Ielsnd. NE 68802 (huroln"Trustee''�end -°�
<br /> " ,. v�hoae rt�allin�address ie
<br /> " Five Poin�e Bank �
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<br /> „ `,:�. the 8eneticlary,
<br /> whose ma111ng addroaa ta 2015 H. Brosdrell t3raad Ielond, HP. 68802-1807 �heroin"tsnder�. � �
<br /> • GRE(30RY J HAYL
<br /> r FOFt VALUABLE CONBIDERATION,including Lender's extenslon ot oredit identltled herein to -
<br /> a DDRINDA K KAYL (hereln"earr��or".a�h�&�¢r ane or more)and tho trau�4 Rer¢'.u��caaC�. ���>'�
<br /> the receipt ot whiah Is hereby aaknowiaiged.Trustor hereby ireov�ry�Pant�.£raer.�tore,conveys and ac�s"�ns ta Trustee.EM �- .-_
<br /> TRUBT,WITH POWFA OF SALE,tor the benetlt and seourlty�4 l�ftdxe.urtdor aeed su@,EC4 to the ternte and eortd(tEose�herolnaite�set � �=.};=-
<br /> tq,�l'�(fe�Rr$RB�S°��►���A�I'���IXTH SUBIDIIIP]ISI@�I�, 7'� TG9� Cgtlt OF GRAND ISLA�ID , � �`�
<br /> k9d1LL COUAITY, HEBRASKA. -
<br /> � -
<br /> ��, . . �..m-
<br /> . . � . ...�-_..��::
<br /> Together wlth all b�IldMgs,improvements,flxtur�s.s4reats.a�leys,�assagewags.�asemen4�,73ghta,privilegea and appuo��a- '•' � �`�'�'`
<br /> :;��� ' '.�r,,,• ' eiac�ces located thereon e�i�anywlse pertelning therotm.�r9 the rents,Issues aa��ro�ots,revarslons artd remainders thereot.t�rt� ,%j;t . `'� 1`,,,�i'�
<br /> � s��h personal proper4�r t�a,4 is attaahed W the Improvom:oets so as to consdtute a 8ltttur�,including,but not Ilmlted to,heatin8 ert�1 1�?;.sts"
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<br /> • c�fing�eQuipme�s�aeec6���er with the homestead oe cmc.ei�ai inter�sts.if any,wAixh�nterests are hereby reteased and waivedl;s�l st*�'�° ' '$" _
<br /> ' � 04 whi�Pe,irtcGa�di�n�re�facementa and addiUons thereto.6s�eR�Dy dox9ared to be a part of the real esmte aecured by the Ilen of t�is .�: t -_
<br /> �d�4 Tcus4 Art�ail of the foregoing betng reterred to�asc.c�as tto�a"�roperly". �� _
<br /> ����' This Daed of Trust ahall secure(8)the payment of the principai sum and interest evidenced by a promiasory note or credi4 � � �?
<br /> ' � � , Agreement dated �arch 3lst 2!!4 .nav�ng a maturi�y dace ofi September 30th 1994 � , � _ __
<br /> ,_. ' " ' In the originat principal amount ot$ �2�g00.00 ,and any and aIi modi8catlons,extenaions and renewais • >:�';s:!:;i � �
<br /> thereof or thereto and any and all future advances and readvences to 8orrower(or any o!them if more than one)hereunder '� ���;�:;•'
<br /> pursuant to one or mvre promissory notea or credit agreements(hereln called"Note");(b)the payment ot other sums advanced by -R �+
<br /> Lender to protect the security ot the Note;(c)!he pe�fortnsnce of ail covenanta and agreements of 7rustor set forth herein;and(d)ail ;,., •• "` �
<br /> � preaent and future indebtedness and obiigatlons of Borrower(or any ot them if mo�o than one)to l.ender whethe�direat indirec� i,::?f S' •i�
<br /> • ,�, absolute or conGngent and whether arising by note,guarany,overdratt or otherwlae.The Note,this Deed of Trost and any and ail ','•:•'1:" ' "�� �,�
<br /> other docuents that secure the Note or otherxrlse executed in connectlon therewith,inctuding without Ilmifadon guarantees,secudty
<br /> '' '� agreements and assignments of teases and rents,shatl be referred to herein as the"Loan Oocuments". , �
<br /> Trustor covenants and agrees with Lender as tol�ows: `� • �
<br /> t. Payment ot Indebtedn»s.All indebtedness secured hereby shail be paid arhen due. � ••7`^
<br /> . � 2. TiUe. Truator is the owner of the Property,has the rfght and authority to convey the Property,and warrants that the Ilen • •L'"�j �
<br /> • created hereby fs a flrst and prfor Iten on the Proparty,except tor Ilens and encumbrances set torth by Trustor In w�itlng and „ `��
<br /> ,� :;�.,�-
<br /> +'` ` deHvered to Lender before execution of this Oeed o}Trust,and the executfon and deilvery of thta Oeed of Trust does not vioiate any "'r/_-
<br /> .,�' . „ . ' ;�/-
<br /> i�'"�. contract or other obUgaUon to which Truator le subject � , ,p;:,,w,'.�,,;�
<br /> 'r.:•;•., � ����� . 3. Taxea,Asseasment4.7o pay before detinquency e�l taxea,apeciai asseasments and alt other charges agalnst the Property _ ..;LS,�t�;�.��—_
<br /> now or hereatter levied. � ' `'�._��,,
<br /> • 4. Inturanes.To keep the Property insured agaf nst damage by tire,hazards tnr,luded within the term"extended coverage",and �ti�;r,.' °.-�•
<br /> � ' such other hazerds as Lender may require,ln amounts a�d with companfes acceptable to Lender,namfng Lender as an addlHonat �`�_�'/r „ ;'° �As_�
<br /> � named inaured,with�ose payable to the Lender.ln case of loss undor such pollcles,the Lender is authorized to adJuat,collect and , . «�_-=--•
<br /> ' � compromiee,all cialms thereunder and shail have the optlon of applying all or part ot tho insurance proceeda(i)to any indebtedness � • ; •: ���-
<br /> secured hereby and in such order as Lender may determine,(if)to the Trustor to be used for the repair or reatoraUon of the Property
<br /> ;,,,, or(III)for any other purpose or obJect satistactory to Lender without aHecting the Iien oi this Oeed of Trust for the tuli amount secured � •
<br /> hereby belore such payment ever took place.Any application of proceeds to lnde�ted�ess sh,.il not extend or postpone the due ,�, • „
<br /> �� ` date oi any payments under the Note,or cure any defauit thereunder or hereunde�. -ti'
<br /> �ro��' .
<br /> 5. Etcrow.Upon written demand by Lender,Trustor shail pay to Lender,In su:h manner as Lender may designate,auiNcien3 .,;:,,,}, � ,.
<br /> � • suma to enable Lender to pay as they becorne due one or more of the tollowfng:(i)atl taxes,essessments and other charges agains4 ,• ����+�:,. ..
<br /> � the Properiy,(ii)the premfuma on the property insurance requlred hereunder,and(iii)the premivr,�es on any mortgage insurance ••� ::. •
<br /> ;:�, requlred by�ender. �' � ;',,�.;'��`.� .`
<br /> 6. Meintenance.�8o�p➢ra and C�mpliance wlsba Lawa. Yrustor shal�keep th�Property in gaod condition and repair,sheli � � . ,�;.�,;•.,..
<br /> promptly repair, or replac�2 any imprmv�rnent wAiar may be damaged or destroyed: shau not commit or permit any waste or � i.� • �:'�,�..'�•
<br /> det8dor8ti0rp of the PrOperty;shall n�4 r�r�ave.tlem�l��h or substantiaily alter 8ny o!the�mprov�ments on the l°r�perly;BheH not ';F•;.:�,.�;�
<br /> c�mmit,sufler or permit any act to be dore;n o�uPon tne Property in violation of any Iaw.ord�nantg,ar tegulation;a�d shall paq aRd , , ,
<br /> Qrmmptty discharge at Trustor's cost and�xpensu al'n�ns,encumbrances and charges levied,im,posed or essessed aga�asa tna • .'
<br /> •.�;_:' ��
<br /> �omperty or any part thereoi. i •
<br /> , 7. Eminent Domeln.Lender ia hereby assignec'.al;compensation,awards,damages and oiher paymen4s o+:Qlcef(hereinafter •
<br /> � � "Prxeeds")in connection with condemnation or otc���laking of the Property or pan thereoi,or!or conveyars���^ita u of condemna- -
<br /> Uon.Lender shall be entitled at its opEion to comme�ce.appear in and prosecute in its own name any actio�or proceedings,and ,
<br /> . shall a�so be enHtted to make a�y cormpromise or settlement fn connection with such taking or dama$e.ln the event any portion of , . .
<br /> '�•�c� � the P�opartt/is so taken or damageKl. dendsr shall have the vptlon,�n its sole and absotuto c0�scrotion,to apply aII such Procesds.
<br /> . ..,.----�.. .,t..,i�f..d/nnec oor.uora
<br /> ettert�eWaCtongtnereirom aii cosis ano expanses incv�r�si uy ii iri i,un��oi.6G�.::::�a:::,.......���...a.::i�^�^s...-----_..------- -- ,
<br /> hereby and in such order as Lender may determ�ne,ar ea appty sIl such Proce�ds.at'$r such deducUOna,to the restoraUon of the
<br /> Property upon such ccrtdi6ons as Lender may deterQn:a3.Any epplication of Prcce��:s^.o indebtedness sha�I not extend or poscpone
<br /> the due date of a�y paymenta uider the Note,or cure any default thereunder or hereu�der.Any unapplled funds shall be paid to
<br /> Trustor.
<br /> 1 8. Parfotmanc�by Lender.Upon the occurrence of an Event of Oetault hereunder,or it any act Is taken or Iegal proceeding
<br /> � commenced whlch materlally atfecta Lender's interest in the Property.Lender may in Its own discretlon,but wiMout obllgadon tA do
<br /> � so.and wlthout nodce to or demand upon Trostor and wittiout releasfng Trustor trom any obligatlon,do any act whfch Trustor has
<br /> agreed but talls to do ar�0 may also do eny other act it deems necessary to protect the securfty hereot.Trustor shatl,lmmediatety
<br /> upon demand therefor Dy l..ender,pay to Lender all costs and expenaes incurred and suma ezpended by Lender in connection wlth
<br /> the exerclse by Lender of tR@ tar��ing right5,together with interest there�on at the defau�t rate provided in the Note,which shall be
<br /> added to the IndebteQnc�s scs�urod hereby. Lender shall r�ot incur any Iiablllly because of anything it may do or omit to do
<br /> hereunder.
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