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<br /> pEED O�TRU�T VHITH FU7UW� ADVAN��S se:rn:.°.--�
<br /> �_'`'`1' TF018 I��ED OF TiiU3T,t�mede as ot the 31 et day of Ma�rch .18 9�...by ertd aottan� �,�__=
<br /> ���r__�—
<br /> the Ttuator. �•LOYD W CLOYN� & ALICE L Ci,dYNE, husbat►t�and wtfa , —�• ..:� ,�:;;:�- -
<br /> • r'ti��?}:Y�r'.�.:.�
<br /> 110 MA1 N GRAND f SLAN� NE 688Q�erein'Trustor,"whethar one or more), '�����;�;-;, _.—.-;-
<br /> whose matling addrossls —� _
<br /> � �� met'ruatee. .F�Ye points Ba�k, a Nebreska Corqoratlon _ , -`:�*',�:-� �
<br /> ,� ".::_::�_
<br /> whose maliing eddress is P•0. Box 1507 Grand 1 land NE 68BA2 (he�eln"Trustee'7,and ,� ..��,;_
<br /> . ._ .. , ��:T.T' __ . .__
<br /> . .. the Beneflciary. '��_==
<br /> whoes meiling address fu 2(It 5 N RrnaAwail �',�g�...jslatid., W.F �aR� ��..�"�-:���n7 (heteln"Londer'�. -� '�':_•_
<br /> :�`_-
<br /> � nvn W GLOYNE ':��;��.._
<br /> FOR VAWA@LE COtdSIDERATION,inctuding Lender's extensian of crodit identlfled herein to� r�,y,r:;=
<br /> a_ ei t�e o �(Lp�wN� (herein"�rvouror",arh04her orto or more)Art��re 4ruat herein created. +��:��Y � _
<br /> thr3 rpCeipB o4 K+rhE4h ir3�tm�by aC�trto�nrt0dgod.Trustor h@eoby trr4voca�ty greints.UeetatQre.conv0yr3 a�ed e�sL�Egrts M Truste0, tN �� � "�"'
<br /> T�iUST,W�TH�01lNEFG O�SALfE.tde 4tte Qior►�4it artd Sc3cuH4y of 1.0ndmr,urtdor aced suQ�c�s44o sho terms aa�cortdSAfcR�Roeoirtagt�r� , },��-*,*-.;`
<br /> tcett►.4he rc�al pPn�ei�,d�sCri�od os tolloars ``` .';,:'`:�,'.,.:>��„?*�''4"�-
<br /> �sFf`fG'i�1�'�.. ��j',�1.•"=j'"1_�;�:
<br /> 1.0 Y Y t�R E� Q 3). �A t 9 6.K E S U��D 1 i 0 S i O I V C i T Y O F ��i l��1 Q l S L�1 N D. H P►9.L C m U N�'Y. NEBQtA�C:�. --..+,•���°, . .'"t;ti.,..�,:._--
<br /> . 'J yi�,, ;*-=--.----
<br /> :;��,���� �����:�=
<br /> Together wiUe alt Duilding9,improvements,iixtures,st�eats,aiteys,passageways,easementa,riShts,pdviteges x�Nd appurte• , � ,�'+"v�;,�„�";,�:
<br /> nances tocater6lhor�on or In anywise perlalning thereto,av��t�e rents,issuae and proftta,revsrslons t�en��emalndere thereof,and '.:�"'°�i�
<br /> r "/�.�.'�'f.��.
<br /> such personat proparty thst ia attached to the imp�rovementa ao as to constitute a flxture,inctuding,t�uz m�t Ilmited to,heabng and .i:���i�r;��.�.
<br /> cooltng equlpmenfi and togeth�r wlth the homestead or maritat interests,ff any,which interesta are hareby reieased and waived:all ����;
<br /> oi which,inciuding replaceme�n�s and addiUOns thereto,la hareby deciared to be a part oi the reai estete aecured by the�ien ot thls ;`�,.:
<br /> �n
<br /> , Deed of Truat and atl ot the toQ�going being refarred to herein as the"Property". "` -:--�
<br /> l.;,:, �•
<br /> This Deed of T�ust ahall s�cure(a)the payment of the principai sum end Interest evidenced by a promisaory note or credft ^��t�,,{�:. 4 ��.
<br /> . ' • ��;,;r��F'
<br /> . agr�ement dated ���'�'� �i�2 ?�9�e ,having a maturicy dete oi�Pt���-`e 3�¢h 1994 , __ -=�u-�d+��'•�.s-
<br /> . �;
<br /> in the originai principat�amoun�t of a 65,�a0 00 ,and any and�1V r�adlficaUona,extenalons and renewals :' • �
<br /> thereot or thereto and any and all future advances and readvenCea to Borrower(ar a�.y ot them it more than one)hereunder
<br /> pursuent to one mv more promissory notes or credlt agreements(herein calied"Note'�;@)the payment of other suma edvanced by �`. ��a.
<br /> Lender to protect tne eecu r i ry o f t he No t e;(o)t he p ertormance of all covemm�ts and agreementa of Trustor setio�th herefn;and(d)ali
<br /> 'k_�>.;. .
<br /> •�• ,.' 4;•.,
<br /> � � preaent and future indebtedness and obligations of Borrower(or any�f them if more than one)to Lender whether dlrecL indirect, ., ,'��j'r�`.•�:;'.-
<br /> absoiute or contingent and whether arising by note,guaranty,overdraft or otherwise.The Note,this Oeed of Truat and any an0 all �b��}�.j:`'`
<br /> other docuenta that secure the Note or otherwisa executed In connecdon therewlth,inciuding without Iimitatbn guarantees,security ..
<br /> agreements and asaignments of Ieases and rents,shali be reterred to herein as the"Loan Documents". I .'�•`.i�
<br /> T►ustor covenants and agrees with Lender as fotiows: • , "
<br /> 1. Paymsat of Indebtednea.All indebtedness secured hereby shali be paid when due. I
<br /> 2.Tiqe.Trustor is the owner of the Property.has the right and authority to convey the Property,and wananta that the lien � ,. ,
<br /> created hereby is a first and prlor Ilen on the Property,except for Ilens and encumbrances set forth by Trustor in wrlUng and i i��
<br /> deiivered to Lender before execution of this Ueed of Trust,and the execution and delivery of thla Deed of TNSt does not vtotate any
<br /> contract or other obligaUon to which Trustor is subject � ��
<br /> 3.Taxsa.Astsssmenb.To pay befora delinquency ait taxes,speclal assessments and all other charges agair�st the Property
<br /> " now or hereatter tevied.
<br /> 4. Insura�ce.To keep the Property insured agafnst damage by fire.hazards Included within the term"extended coverage",and ;, •':::ti�
<br /> such other haaards as Lender may require,in amounts and with companies acceptabie to Lender,naming Lender as an additlonal :�,;
<br /> named insured,with tass payabie to the Lender.In case of loss under such poilcfes,the Lender is authorized to adjus�collect and
<br /> compromise,gll ciaims thereu�der and sha�i have the optfon of appiyfng ait or part of the fnsurance proceeds(i)to any Indebtedness : ,
<br /> secured hereby and i�such o�der as Lender may determine,(ii)to the Truator to be used tor the repair or restoratlOn of the Property � ��,:., .�
<br /> or(Iif)for any other purpose or object satisfactory to Lender without attecting the lien ot thfs Deed ot Trust torthe fuil amount secured , ,, ,
<br /> hereby betore such payment ever took place.Any appiication o►proceeds to indebtedneas ahail nc!etttend or poatpone the slue , ,,:y;�:•.�:�,
<br /> date of any payments under the Note,or cure any defau�t thereunder or hereunder.
<br /> � 5. Escrow.Upon written demand by Lender,Trustor shall pay to Lender,In such manner as Le�der may designate,sut�cient :: , :,�.
<br /> suma to enab►e Lender to pay as they become due one or more of the following:�i)ail taxes,assessments and other charges agafnst .
<br /> the Property,(II)the premiums on the property inaurance required hereunder,and(tii)the premiums on any mortga�e insurance
<br /> required by Lender.
<br /> 6. Maintenance.Repelre�and Compliance wfth Lswa.Trustor shali keep the Property in good condition and repair,s�alt
<br /> � promptiy repalr, or replace a�y improvement which may be damaged or destroyed: sha�l not commit or permit any waste or
<br /> deterioraUon ot the Property:shai�not remove.demoiish or subatentially alter any of the improvements on the Praparty;shap not
<br /> � c�mmit,suNer or perrnit any act to be done in or upon the Property in vioiation of any lew ordinance,or regulatlon;ar.J shall pay and
<br /> ' proro�pUy discharge at Trustor's ccst and expense all liens,encumbrances and charyes�evied,imposed or assesse�againat the .,
<br /> �1�..;,;� Properry or any part ther�oi. '
<br /> � 7. Emine�t�o�ai�.Lentle�is hereby assigned alI compensat�on,awa�Cs.damages and other payments or ae�:at(hereinafter
<br /> � ' "ProCeeds'i��Cannacl�an wit�eOndemna'�^�r other tak�ng of the Pr���^.p�r part th@teOf,or tor Corvepance m I�eu of Conderv'ma-
<br /> tion.l.ender shall�e entltted at its option 46 commence.appear m and prosecute in its own name any�ction or prcceedings, and
<br /> � � s7�alt also lte�niitled to make any comprom�se or settlem�nt in connection with such taking or damaga.In the ev�nt any por�on ot
<br /> the PropeAy is so taken or aramaged,LenCer shall have the option,in its sole and absotute dlscreUon,to apply aIt such Proceeds.
<br /> . . . .. .-.--"---•-'-..�_���'....:...........a ti.,u i....nnn�rfinn�uith aur.h Proceeds.uDOn 8DV�fld8bt8dn68S 86CUt8d
<br /> 7 aflBf U80UC117�£y 3QiEttltWtrt an�.vaw ww vw�..,,o.................�.....__....__.._-. -.. --. - -
<br /> � hereby and��:auch order as Lender rt�ay�s!ermine,or to appty aIl such Proceeds,after such ded��t�ons,to the restoration ot the
<br /> Property upmn�uch condldonsas lender rt:ay determine.Any applica�can of Prxeeds to indebtearte3ssNell notextend or poatpone
<br /> I the due ciate of any payments under the Note,or cure any det8ult thereunder or hereunder.Any unapplied tunds shsll be paid to
<br /> Yrustar.
<br /> 8. P��4�rn�anee b�/A.�r+fiJar.Upon the occurrence af an Event of Detault her@under,or if any act�s taken or tegal proceeding
<br /> commertced v�hich ma4enatly attecb Lender's interest in the Properry,Lender may�n�L^a own d�screhon,but without obligation to do
<br /> so,and w�thaaR r�otiee to or demand upon Trustor and without relc3as�nc�Trustor�om any obligano�,do any act wnich Trustor nas
<br /> ! agreed but 4a�ifs Eo do ae�d may also do any other act it deems necass3�y to p►otect the security nereoP.Trusior s�alt,immed�a�1y
<br /> upon demand tPierciPar P�y lxrtrler,pay to Lender all costs and expens2q�r�curred and sums expended by LenQar m cannection w�th
<br /> , the exerclse by Lender a46�a Porc3going ngh4s.together v,�tn int8rest Ynareon at the default rate provid�rd�n the 11oYU,which 8hall be
<br /> 8dded to the indebfodn�ss aecurod I�ereby Lender sl�ell not incur any liability ber,suse of anyth�ng�t may do or omit tv do
<br /> hereunder.
<br /> i 1
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