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<br /> . �I�E�D OF TRUSY WITH FUT�1R�ADVAN�ES ���:;-�
<br /> °. � , THl9 DEED OF TRUST,le made af ot the�tii dsy of A^��� ,18_5.1.,by end amonp �"°`F""�
<br /> �o�
<br /> � tneTruetor. 5usan A. Kleeb and Kcrlv6r� E. Kleeb wite end husband _� --+,:�=
<br /> �.;.=n.
<br /> whose maiiing addrosa 18 7S86 S 6Qth Rd._ A�d Ne 68810 (ha►eln"Truetor;'whelher orte or moro� "r`���
<br /> - � �T,,,�, Five Points Bank, a Nebraska Corpo�ation ����<
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<br /> , ' .� who:s maulnp eedresa is p O S�x 1 SQ7 Crand Island, NE 6880?-150a 1�ln°Trt�L�s'�,and .- -
<br /> � �` ` • �8 ggn�Q�g�y, Ftve Pninta gan(�, a NaF�racka Cernnratiotl --- , •
<br /> Wh�tt9 mtifling eddress is P•0. Box 1 S07 Crand Island, NE 68802-1 S07 (horefn"tsnde�"). � ,
<br /> FOR VALUABLE CONSIOERATION,inctucling Lender's extension ot credR identlfled herein to�.e�din E. Kleeb
<br /> �md Susan A. Kleeb �r�ora�n�CicrrovxEr",wnomer one or more)and the uuat herein oreated, ,. �
<br /> . G'�o res��pt oi which ia hereby aoknowtsdgc�,Teuscor R�re�y treovcca4ty gr�nta�,�ianste►a, conveys and aselgns to Trustee,IN '
<br /> T{RiElS�VIf�TN POWER OF 8ALE,tor the�srtaYa4 artd s�surEty o4 Lender,urtdar�m�d suRrjzct to ihe te►ms and condltlons herelnafter set
<br /> . •:.,.. ca�h,t�a crasl property.described es tollowa: .
<br /> . See A�Bached EXHIBiT "�►"
<br /> >
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<br /> �.
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<br /> °''•' Togat�or with aIi buil�4teegs,lmprovemenQs.ttxtures,s4reets,alleys,�assagea+eys.�ments,rights,pdvlle�es and 8�pueta- ;
<br /> namcea lacale�thereon or in anywise Re�tatning thereto,and the P�nRS,ussues and profits,re�rera��s and►emaindere ther�L 0nfl .
<br /> ' s��h Rer���:�1�roperty that is atfached 4o tt�o improvementa so aa to e�e�stitute a flxture,inc0�dieep�.@ut not IimitBd 40,heaUnB�� z •
<br /> co�aling eqa�ipmenx and together with the homeatead or rrearital interes4s,i4 nny,which intor�aro O�oreby reieaeod and wahrec8:oIB
<br /> Q4�rhich,including reptacementa and additlons there4o,is hereby declared to be a�a�4 04 tfie reat�slate secured by the Iien oi 4nts � •w
<br /> �ad of Truat and ail ot the toregoing being reteRed 40�ner�in as tha"Property". "
<br /> `�
<br /> This Deed oi Trust ahali secure(a)the payment of t7ee princiRal sum and Interest evtdenc�r8(by a promissory note or cn�iZ ��
<br /> Awrii i 2. 199�i ,o�ave a�eatunty aat�oi l�n::�:;; :2. !995 ,
<br /> agreement deted �8
<br /> ln 8he odginal principat amount ot$ 100.000.00 ,and any��d�0 rnodiflcatlons,extensiona and rene�rais .
<br /> �� ``�' . lh�reoi or thereto and any and all tature advances and �eadvances to Bor�ower(or any ot them if more thsn one)hereundet .-.
<br /> � . ,.�;, pursuant to one or mora promisaory notes or credit agreementa(herein called"NOte'7;(b)the payment oi other sums advanced by
<br /> ' :' tender to p�otect the securlty of the Note;(c)4he pertormance oi alt covenante and agreements ot Trustor set forth herefn;and(d)ail
<br /> , '�� present and luture indebtedness and obligaifons oi 6orrower(or any of them if more than one�to Lender whether direat,indireCt
<br /> abaotute or conUngent and whethe�arising by note,guaranty,overdraft or otherwise.The Note,this Oeed oi T�ust end any and all
<br /> other dxuents that secure the Note or otherwise executed in connectlon therewith,inc�uding without Iimitatlon guarantees,securlty
<br /> agreements and assignments of leases and rents,shati be referred to herein es the"Loan Oxuments".
<br /> Truator covenants and agrees wtth Lender as foilows:
<br /> 1. Payment of tndebtednasf.AII indebtedness secured h�reby sha11 be paW when due.
<br /> 2. Titla.Trustor is the owner of the Property,has the right and authority to convey the Properry.and warranffi that the Ilen �
<br /> created hereny�a a nrst and pnor Iien on the PropeAy, except for Ifens and encumbrances set torth by T►ustor In wridng and �.,
<br /> detivered to Lender before execuUon of thla Deed ot Trust,and the execution and detivery of thls Oeed of Truat does not viotate any
<br /> contract or olher obtigaUon to which Trustor fs subJect ;° �
<br /> � 3. Taxe�,Mssssmenta.To pay before deilnquency ali taxes,speclai aesessments and all other charges againat the PropeAy <:f(s;f r,,•,
<br /> now or hereafter levfed.
<br /> 4. I�uranc0.To keep the Property fnsur�ed against damage by tire,hazards inctuded wlthin the term"extended coverege",and � .
<br /> such other hazarda as Lender may require.ire amounts and wfth companies acceptabie to Lender,naming Lender as an additlonal �
<br /> � named insured,with ioss payabie to the Lender.In case of Ioss under such pollcies.the Lender is autho�ized to adjust,coliect 8nd ,��•`,
<br /> c�mpromise,ail Claima thereunder and shall heve the oplion of appiying ali or part of the insur8nce proceeds(i)to any indebtednesa ��f� •..
<br /> sacured hereby and fn such order as Lender may determine,(ii)to the Trustor to be used tor the repalr or reatoratlon ot the Property %?' �
<br /> or(iil)tor any other purpose or object satiafactory to Lender without affecting the lien of this Deed of Truat far the fult amount secu�ed
<br /> ' Ae�eby before such payment ever took place.Any eppiication of proceads to indebtedness shalt�ot extend or postpone the dua
<br /> � date oi any Rayments under the Note,or cure any default thereunder o:hereunder.
<br />-5��:�:•:. 5. Escrow.Upon writt�n demand by Lender,Trustor she�t pay to Le��er,in such manner as Lender may designate,sufHcient �
<br /> � sums to enable Lender to�aN as they beCOme due one or more of the following:(i)al'taxos.esseasments and other Charges against �►��"
<br /> ; the Property.(ii)the pr�m:;�-r�s on the property insurance required hereunde�.aRd;���•tne premiums on any mortgage insurance (��•�
<br /> required by Lertder.
<br /> 8. Meintenance,i�epatrs and Com�Bance with Laws.TruStor S^a+�Ke¢p t��Properly in good condition and repair,shall i
<br /> promptfy repair. or reptace any improyoment which may be damu3,^c; or destroyed; shall not commit or permit any weste or
<br /> deterioration ot the Properly,sha11 not remove,demol�sh or substant:a y aiter any of ihe improvements on the Propetty;shell nae �
<br /> �ommit sutter or permit any act to be done m or uport the r�operry m vio�at�on of an;��aw.ordm ance,or reguiation;and shali pay and ,
<br /> prompUy discharge at Trustor's cost and ezpense a�i �.e^s.encumbrances and c�harges levfed,imposed or assess�d against the . •
<br /> ' Property or any part iher�?at. ,'
<br /> 7. Er�nG�m4 Domaim.Lertder is Peere�y ass�gn¢d an campensat�ort,awards,damages ant9 othc�r t�ayments or v�hef(hereirtaPtor
<br /> "ProCBeds"}m ConneCton w�th cartd�mrtaGOn or other taking of th@ Prop2rty or part thereof,or tor c��ueyance in lieu of Condemrta-
<br /> tion.Lender shatl be ertoued at�ts apuan to commertce,appear in and prosecute on its own name any action or proceedings,ar,d
<br /> Sheil elso be BntiUed to maka any comprom�se or�tttement in connec6on w�th S�ch faking or damage.in the ev�ne any portio�of
<br /> the Property ia so teken or damaged.Lender shau have ene opt�on,in its sole and ansoWte d�scretion,to ap�cy a:�sueh Proeeeds, �
<br /> 5 r I1� �J !
<br /> ai�erdeducang inerairom aii cv3ie ariu owy6i�5v5 ii�Lu:�oi��y ii ii�GG����oGi�"vt��.��`� -, �vf.ccvo.::rw.:.o:f::.:av:o�.-.voo S'o:.:::av •
<br /> hereby and in such order as Lender may determine.or to appiy atl such Proceeds.aRer such Gcd�coans,to the restoratian af t;�a
<br /> Propertyr upon suCh cond�Uons a3 Lender may determine.Any appiication o(Proceeds to mdebtedncess shall rtat e,ctend or Rost�are
<br /> the due dete ot any payments under the Note,or cure any defauit thereunder or hereunder.Any unappl�ed funds s�all be pa:3 to
<br /> Trustor.
<br /> 8. P�r4otmanCO by Lende�.Upon the occurrence of an Event of Oefault hereunder,or if any act is taken or Iogal proCeeding
<br /> ' commenced which materially aNects Lender's uiterest�n the Property.Lender may in iffi own discretion,but without obligation to do
<br /> so,and without norice to or demand upon Trustor and w�thout re�gasing Trustor from any obligaUOn,do any act which Trustor has
<br /> Bgreed but feils to do and may also do any other aCt it deems necessary to protect the secu►iry hereot.Trustor shall,immediately
<br /> upon demand theretor by lender,pay to Lender al�costs and expenaes�ncurred and sums ezpended by Lender in connecUOn with
<br /> the ezerCise by Lender of the forego�ng tights,together with mterest thereon at the default�ate prov�ded�n the Note,which shall be
<br /> eddeQ to tlte indebtedness aeCUred heteby. Lender shell not�nCUr any liab��ity because ot anythmg �t may do or omit to do
<br /> hereunder.
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