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<br /> � � � . •r�-•�, DEED AF'TNUST WiTH FUTURE IIDVANCEB �'�°�`"=�-
<br /> THIS DEED OF TRU8T,fs mado aa af tho._LL_day ot A�r�� -- 1994..by and amon� �`=--"'�'-"�M�
<br /> � ,-- -
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<br /> °'l�y�^ ., thBTPNS10f �011���"r ��..nBb.L"f] i[r+7 1 ar (�jnal�anA L. Wi�0� - — � �},;.����}.;,�,-p`.,°---
<br /> �t
<br /> . » .
<br /> � whose mafling address is�101 Nor}r Mnrt en F.L1R}�R NF. 6�02 8 herein"Tniator;'whether one or more�. �r.�T�x
<br /> . r ( ^ . ,1� „�.,__--
<br /> the Truatee. Nep�'a�l�' State Eank *. . �"�'��'���-
<br /> . :i ap k.y,�w.
<br /> >, Td•.
<br /> � � whoaemalllnpaddresats p � Box lA Ca�ad, NF 6Atan (h8tein'Trustee'�,and ' •;�,
<br /> :„
<br /> .� thBBettefleisry. �Te�ask State Hantc . --
<br /> �vhoaa mailing address is p O Hox 20, Co�ad. NE 69130 (herein N�snder7. '' � , '
<br /> POR VAWABLE CON8IDERATION,including Lendor'o oxtenelon oi credit IdenUfled heretn to�.S�q � Debra s � ;, '`"
<br /> .
<br /> ' ttel�er (horvin"Besrower",whether ane or mQPQ)e�rtd RPi�4�4 Pecr���ae�ted. ..
<br /> the rec.elpt ot which ts hereby aeknowiedged,Trustor hereby Irroiro�,�aQ�y grants,tranafers,conx�ys��rA psstge►s to'�cus�.tM . ,
<br /> TRUST,WITH POWER OF SALE,to�the beneflt and security o9 4 ertdar.urt�er and subject to the temns eeed conditt¢ees heroSata4t0v sa4 . .,
<br /> rorn+,the reat property,descrlbed as tottowa: Lots Foux (4), Five (5), and S ix {6)o of `'' ,. � . '�•�_
<br /> � Reuting's First Subdivision being a past of the SW� of Section 24. . �. � -�`�:.°==Pu �:
<br /> ToWnahip 11 North Range 10 West of the 6th P.M. in Hall Count � NebrasMa � � • ��"��
<br /> s-�. �-_
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<br /> Togethe�with all b�aitdings,improvemente,fixtures,streeta,alleys,passagewa�vs,�asements,rights,prtvlleges and appurte- i:,„ '�°r t
<br /> , . ,,.,,.C:��..
<br /> � nances located ther�on�r in�n wise erfainin there4o,and the rents,lssues and pvv9�4s.reveraiona and remaindera thereof,and 5...;,a� ,. :;;;i:�,t js`��!'
<br /> �� � such pe►sonal property thaq is a�ched to the Improvemee�ts so as to consUtute a flxture,includin but not Iimite�to,heaUn and g � �'`�''"`�� ''�
<br /> ',�.• g g '.���.�;� "`:r'<:�,}`i -
<br /> '����;.;` , �"'�" i .: .. i. 'Y.
<br /> ���-> • '�'•`'�y cooling equlpmenX and together with the homestead or madtai interesta,if any,which Intereats are hereby released and waived;alt e'i���.•:;��#- •q„.l,S± . �- :
<br /> ��`!{��`-;�' of which,inctu�ing repiacementa and additions thereto,Is hereby dectared to be a part of the real�state secured by the Ilen o4 this .��5,4.��''::�r����?�-' -
<br /> ����t+�� Deed of Trust and atl of the toregoing being referred to herein as the"Property". ° '��— �
<br /> , , :�Thia Deed of Trust ahall secure(a)the payment of ih�principal sum and interest evidenced by a promiss�vg note or credit t
<br /> � _..
<br /> • ' �.".`�,., agreernent dated —B�i�L�lc �9 A4 .having a maturity date of A�r i t 1 j , 7 qcl4 , _
<br /> � : '�' ,;,;.,�
<br /> ���.�" in the origina�p�rincipal amount of$�.., FAA_A[f ,and any and all modiifcations,extenalons and renewais ° ' '��
<br /> f i".,
<br /> ,. thereof or theeeto and any end ail future advances and readvances to 8orrower(or any of them ;t more than one) hereunder ,Fi;t.;.,rr.
<br /> ,;�.;��,. pursuant to one or more proree6ssory notes or credit agreemente(hereln called"Note");(b)the paymoni of other aums advanced by !;,:-,..; . ��, 4�.
<br /> '"���. ,�. Lender to protect the securiry�2 the Note;(c)the pertormance of all covenants and agr�m�nts oi Trustor set forth herain;and(d)ail ��.;,;''.,;,•..,. • .
<br /> ;y, ;�•�� ,,;. . present and future indebtedness and obiigatlons of Borrower(or any ot them it mor�,i�an one)to Lender whether direct,indirect, ';;;�a;,'• ,�:' :
<br /> • ' • •>'`,.-��.� abaotute or co�tingent and whether arlsing by note,guaranty,overdratt or atherwiee.The Note,this Oeed of Trust and any and aIl � �._� ,�,,,���,
<br /> �:',y.., : other dxuents that secure the Note or otherwise executed in connectlon therewlth,fncludfng wlthout Itmitation guarantees,securlty ;+�:'
<br /> agreernents and assig�ments of Ieases and rents,shall be referred to herein as the"loan Documents".
<br /> T�uetor covenants and agrees wlth Lender as followa: "� �M
<br /> t. Payment ot inde�atedness.AII indebtedness secured hereby shall be pald when due.
<br /> 2_ Tkle.Trustor ie the owner of the Property,has the rfght and authority to convey the Property,and warrants that the Ilen •> , ';r��
<br /> created hereby fs a flrat and prfor�len on the Property,except for tiens and encumbrances set torth by Trustor in wrlting and - ;�- •
<br /> •�';-�,;, dellvered to Lender betore executfon of thls Deed of Truat,and the execution and deI Ivery of thls Deed of Trust does not violate any ,;y.,r
<br /> �• contract or other obllgation to which Trustor Is subject �'�''��� �
<br /> ,• , , 3. Taxea,Assesemente.To pay before dellnquency aII taxes,special assessments and aIl other charges against the Property Ik `.���.�}` '
<br /> ' now or hereafter Ievied. }`` ,;
<br /> ':� �� � . 4. tnsurance.To keep tha Property Insured against damage by fire,hazards includod wlthin the term"extended coverage".and •
<br /> such other hazarda as Lender may requtre,in amounts and with companies acceptable to Lender,naming Lender as an additfonal ��• . ��;
<br /> ��� named Insured,wlth loss payable to the Lender.In case of loss under such pollcles,the Lender is authorized to adjust,collect and � ',�-��'.
<br /> ' � compromfse,aIl claims thereunder and shall have the option of applying all or part of the Insurance proceeds(i)to any indebtedness ��f t`��
<br /> seCUred hereby and In such order as Lender may determine,(ii►to the Trustor to be used for the repair or restoratfon of the Property '
<br /> or(ill)for any other purpose or object satisfactory to Lender wlthout a(fecting the Ifen ot this Deed of Trust for the fu��amountsecured I -
<br /> hereby betore such payment ever took place.Any apphcation�f proceeds to fndebtedness ahall not extend or postpone the due
<br /> dale ot any payments under the Note,or cure any default thereunder or hereunder.
<br /> ' 5. Escrow.Upon wrltten demand by Lender,Trustor shai�pay to Lender,in such manner as Lender may deslgnate,suHiclent
<br /> . suma to enable Lender to pay as they become due one or more ot the tollowing:(i)all taxes,assessments and other charges agamst •
<br /> the Property,(li)the premlums on the properly insurance required hereunder,and(ifi)the premwms on any mortgage insuranc� �
<br /> • � required by Lender. �
<br /> 6. Malntenance,Repalra and Compltance wlth Lawe.Trustor shall keep the Property in good condltfon and repair; shal�
<br /> .� . prompUy ropair, or repiace any improvement which may be damaged or destroyed; shall not commlt or permit any waste or
<br /> � � ' deterioration of ths Property;shall not remove,demolish or substantially alter any oi the improvemants on the Property;sha�l not
<br /> � . commlt eufter or permit any act to be done in or upon the Property in violation of any law,ordinance.or regulation;and shall pay and
<br /> � prom;�tly discharge at Trustor's Cost anCi expense ali liens.encumbrances and charges Ieviad,imposed or assessed againsi the
<br /> Properry or any part thereof.
<br /> . ' 7. Eminent Domaln.Lender is hereby assignetl all compensation,awards,damagea and other payments or rellef(hereinafler
<br /> • "Proceeds'�in connection with condemnation or other takmg of the Property or part thoreof,or for conveyance in lieu ot condemna-
<br /> tlon.Lender ahall be entltled at its option to commence,appear�n and prosecute in its own name any actlon or proceetlinys,and
<br /> shall atao be entitled to make any comprornise or settlement in connection with such taking or damage.In the event any portion o1
<br /> the Proparty fs so taken or damaged,Lender shall have the optlon,in its sole and absolute dfacret�on,to app�y alI such Ptoceeds,
<br /> after deducting theretrom aIl coats and expenses incurred by It in connectfon with such Aroceeds,upon any mCebteaness aecureo
<br /> hereby and in such orde�as Lender may determine,or to apply all such Proceeds,after such deductfons,to the restoration ot the
<br /> Property upon such cond�t�ons as Lender may determine.Any application of Proceeds to indebtedness shatl not extend or postpone
<br /> the due date ot any payments under the Note,or cure any default thereunder or he�eunder.Any unapplled funds sha�l be paid to
<br /> Truato•
<br /> S. PerAormance by Lender.Upon the occurrence of an Event of Default hereunder,or it any act is taken or�egal proceetling
<br /> commenced whlch materially attecta Lender's interest in the Property,Lender may In its own discretion,but without obligation to do
<br /> so,arvd without notice to or demand upon Trustor and wiihout releasing Trustor trom any obligetion,do any act whlch Truator has
<br /> agreed but isils to do and may a�so do any other ac!�t deems necessary to protect the security hereot.Trustor ahatl,immedia{ely
<br /> n�pon demand therefor by Lender,pay to Lender alt costs and expenaea incurred and sums expended by Lender in connectlon with
<br /> 4he ettercise by Lender of the foregoing nghts,tmgether with Intereat thereon at the default rate provfded in the Note,whlCh shall be
<br /> added to 4ne indebtedness secured �ereby. Lender shall not incuv any Iiability because ot anything it may do or omrt to do
<br /> hereu�nder.
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