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<br /> DEED OF TifU�7 W1TH FUTURE ADVANCES ��--- -
<br /> YHI8 DEED OF TRUBT,ia made ae of the.�L day ot M a r�h .169lL,by and amono =___�__
<br /> _ _ •__ �o���. Arnold C.. Wenn & Linda C Wenn husb nd & wife_ . ��;.=—
<br /> �
<br /> '� 817 E 13th Grand Island NE � � -�
<br /> whose maHtng address is (herein"Truator;'whether one or more), K
<br /> . .� � il� -4 K+ _
<br /> ,.: . . ��.. . .1... {•j_^�•
<br /> _ . , the Trustee. . ; ••,•�-1�T�,�.,.�.;,�
<br /> ;.1 �� .
<br /> . whoae maiiing address la P 0 BOX 1507 GRANO I SLANO NE 8802 (heretn"Truetse'�,and . ,;';;;L.�:;.���%,y;,�-�':_
<br /> �. . a� 1��.t� f;�.--
<br /> ' the 8eneflciary. F I V E P Q 2 N T S B A N K —.. • - .,r A •,'� ;�,��, .-
<br /> whose mailing address is ��1� � R a n n nW c� i r Q e u n isLAN D N E �RR�� (heretn"�enderti. . . �
<br /> FOR VALUABLE CONSIDEFiAT10N,inCluding l.�ndor's axtansion ot credit idenUtied herein to A r n e 1 d G. l�p n n . ••r
<br /> ��;��� W e n n _(ha�ein"�aero�roP',whether one or mor�)and the trust heretn created, ' °
<br /> tQip receipt of whfeh is hereby ackno+ro�ec8ged.Trustoe h�eab,y in�vocably grants,uansfers, eonv0ys Ae►d asaigrta to Tnietee,IN
<br /> YFiU3T,WRH POWER OF SALE,4or tt�e beneflt and secuelty o4 Lender,under and subJ�tt Yo the terms an�cortditloe►s h�reinafter aet ,
<br /> 4orth,the reai property.descdbed as tollox�a j;�ti,,:,�•.;� '. . . _- -
<br /> '�, , • '�= '-
<br /> ''���'��;� LOT THREE (3) , GEORGE LOAN 'S SUBDxVISION IN THE CITY 0�' „ � �"4i._. '��"
<br /> " '��"' GRAND ISLAND. HALL COUNTY, NEBRASKA ' �` . �`'
<br /> ���t�; A;*_-
<br /> •� Together with ali buildings,improvements,flxtures,streets,alleys,passageways,easements, rights,priviiegos and appurte- � • �'� '� ''
<br /> _� , , �
<br /> ' �' nanc�s Ioceted thereon or in anywise pertFain?mg th�reto,and the rente.Issues and proflts,reversions and remainders thereof.8nd :r�},��,,"'�!;-
<br /> such peraonal properly that fs atfached to 1he improvementa so as to constltute a flxture,Inciudiag,but not timited to,heaNnB 2x�z� (c, �.
<br /> cooiing equipmen�and together with the homestead or marital interesta,Ii any,which interests are tr�ere�ay reteased and waivec9;Aoi ��'°.:.,,;;,��;.�. �;
<br /> of which,inciuding replacements and addidons theret�,as hereby deciared to be a pp�t ot the reai ostate seeueeri�y the tlen of this y , S��c,
<br /> �� peed of Truat and ail oi the toregoing being referred Y�h�arein as the"Property". �""�+�' •'' '-���=
<br /> ::•,�,
<br /> � i�,:;.:'•'
<br /> 7his Deed of Trust ahail secure(a)the payment of the p�incipal sum and interest ovidenced by a promissory note or credit ti,.��' ,��•
<br /> egraer,,8„t dataa M 3 r r h �1, Z 4 g n .�eY�tl�g maturity date ot S e p te mb e r 19. 19 9 4 , , °'9����_..
<br /> in the originel principai amount ot$ - �.d 2� 5 0 ,and any and all modiflcatlons,extenaions and renewa�s �w'� � * '''
<br /> � ��ereof or thereto a�d any and ail tuture advancas and readvances to Borrower(or any of them it more than one)hereunder �`�;;. �
<br /> � purauant to one or more promissory�otes or credit agveementa(herein called"Note'7;(b)the payment of otAer aums advanced by �
<br /> ,. �;� '� Lender to p�ot�ct the securiry of the No3v:�ca the per(ormance of al�covenants and agreements ot Truator set forth herein;and(d)all .,
<br /> � � present and fature indebteclness an¢D o0li�atians of Borrower(or a�y of 4hem ii more than one)ta Lender whether direct,indirec�. ,.. ��� '
<br /> '�'�,r�;' absotute or conUngent and�vheah�r ardsing by note,guaranty,overdrait or otherwlse.The Note,this Deed of Trust and any and all •r•,. . �:�-
<br /> .. �
<br /> ';�','4: other doCUents that secu►e tfia Note mr�therwise executed tn connecUon therewlth,inctuding without Ilmitatlon guerantees,security `':�:::.t ' '���;s� ' S
<br /> .�'�;�_� agreements and assignments of leases and rents,shall be referred to hereln es the"Loen Oocuments". ;��'�. ,:,.; �4 '
<br /> • �'::�� Trustor covenants and agreea wlth Lender as follows: ` •
<br /> :,'•;. ,, . ',%�,��
<br /> 1. Payment of Indebtedness.All indebtedness secured hereby shali be paid when due. ' �. ,�
<br /> � "'� 2. Tltle.Trustor Is the owner of the�roperty, has the right and authority to convey the Property,and warranta that the Ilen � 'i�,��;:'f,
<br /> created hereby is a flrst and prior Ilen on the Property,except tor Ilens and encumbrances set torth by Trustor in writing and � � . .��:�F"f��`
<br /> � . .��M:l��
<br /> delivered to Lender betore execuUon of this Deed of Trust,and the executlon and delivery of thia Deed of Trust does not viotate any •;;��F
<br /> contract or other obiigadon to which Trustor is subJec� �::"' • `
<br /> 3. Tazes.AssessmenYs.To pay before detinquency ali taxes,specfal assesaments and sil other charges against the Property ��, � ,.
<br /> now or hereafter�evied.
<br /> � '� 4. insurance.To keep the Property Insured agalnst damage by fire,hezards fnciuded wlthin the term"extended coverage",and ; .
<br /> •• such other hazards as Lender may require,in amounts and with companies acceptable to Lender,naming Lender as an additionat �
<br /> named insured,with Ioas payable to the Lender.in case ot loss under such poiicids,the Lender is authorfzed to adJus�coliect and � •
<br /> � compromise,ail ciaims thereunder and shell have the option of appiying ail or part of the insurance proceeds(i)to any indebtedness • •
<br /> �; ; secured hereby and in such order as Lender may determine,(ii)to the Trustor to be used for the repair or restoralion ot the Properly ! .
<br /> or(iif)tor any other purpose or object satisfactory to Lender without attecting the tien of this Deed of Trust for the(ull amount secured
<br /> hereby before such payment ever took place.Any appiication of proceeds to indebtedness shall�ot extend or Qostpone the due
<br /> tfate ot any paYmenb wi3e� utc iviiio.0�CU:C°.R�'!�fa�_I}th�ara�nrlor nr hgfgY^�g:. .
<br /> 5. Eserow.Upon written demand by Lender,Trustor shali pay to Lender,in such manner as Lender may designate,sutticfent • •
<br /> sums to enabie Lender to pay as they become due one or more of the fot�owing:(i>ail taxes,assessments and other charges against
<br /> the Property.(ii)the premiuma on the property insurance required hereunder,and(iii)tho premiums on any mo�tgage insurance
<br /> requlred by lender.
<br /> 6. Malntenanee,Repatre and Compllance wfth Lawa. Trustor ahatl keep the Property in good condition and repalr,shall
<br /> promptly repair,or replace any improvement which may be damaged or destroyed; shalt nor commit or permtt any waste or
<br /> deterloration oi the Property:shall not remove,demolish o� s�bstantially alter any of the�mprov�ments on the Property:shall not
<br /> commit,suifer or permlt any act to be done fn or upon the Property in violation of any law,o�d�nance,or regutatrQn:and shall pay end
<br /> promptly dlscharge at Trustor's cost a�d expense all liens,encumbrances and cnarges ieu�e0.�mposed or�,�essed against the
<br /> Property or any pa�t thereot.
<br /> 7. Eaminent Domaln.Lender is hereay assigned all compensation,awards,damages ana atl�er payments or re�ief(herQimaP2�r
<br /> "Praceeds'�in Connection with condc+nn,;�on or other teking ot the Property or part thereof.or Por c�nveyanco in Iieu of Cortdemmna-
<br /> tion.Lender shall tre enUtted at its opnon�commence,appear in and prosecute in its own namQ any actron o�proceedirtgs.and
<br /> shall also be entiUed to make any comp°a��se or setttement in connection with such taking or damage.ln tA��ont any port�on of
<br /> t9�e Properly Is so taken or damaged,Ler+der shafl have the opUOn,in its sole and absolute diacretion,to ap�ly aII such Proceeds,
<br /> � �r►e..�.��e;nn tnpratrnm au ensrs and�naenses�ncurred bv it m connect�on with suth ProC@eds.upon any�nQebtedness seeured
<br /> ! hereby ane in such order as Lender ma�•determine.or to apply aIl such Proceeds.atter such deductions,to me restoranon or me
<br /> Properry u�on such condmons as Is�nder may determ�ne.Any appticahon of ProCeeds to mdebreQness shall not extend or postpone
<br /> � the due date of any payments under the Note,or cure any default thereunder or hereunder.Any unapplfed funds shall be pa�d to
<br /> � Trustor.
<br /> � 8. Pertormar�eo isy I.us�der.Upon the occurrence ot an Event ot Detautt herew�der,or it arsy act is taken or Iegal proceedin9
<br /> commenced which maborially aitects Lender's interest in the Property.Lender may in its own discretion,but without obtigetion to do
<br /> so,and w�thout notlCe to or demand upon Trustor and without releasing Trustor hom any obl:gation,do any act whiCh?rustor has
<br /> I agreed but fails to do and mey also do any other act it deems necessery to protect the seCUnty hereot.Trustor shal{,immed+atety
<br /> upon demand theretor by Lender,pay to Lender att costa and expenses incurred and sums expended by Lender i�connecaon with
<br /> the exercise by Lender ot the foregoing rights,togeMer with interest thereon at the defautt rate provided in the Note,wh�ch shall be
<br /> added to fhe indebtedness seCUred hereby. Lende� sha11 not ir.cur any tiabil�ty because of anything it may do or omit to do
<br /> hereunder.
<br /> I
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