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<br /> . . DEE� 0� TRU�T WITH FUTIJR� AD1/AMCE8 . ' ,�..��
<br /> ��fi"�T�-
<br /> � '� THi�DEED OF TRUST,is mado ao ot ths i�th day of �pr• ,19 9� by and among � ' -_
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<br /> . n ° theTNB20►. ARLM PAR�]ERSHIP • ', �;1�:'
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<br /> . - whoae mallinp e�ldresa is 9� N Noverd Avenue f i09 Grend Ielend�herein"Truator,"�whe�er one or more), � __
<br /> - " Me 7rustea, Five Points �ank a Nebraeka CorDOration , ' . _ _ °
<br /> �� - --�-.: : wrhasa�alting eddrsas ia P.0. Box 1567 Grand Ic�land. HE 68802 �• ' h •? ':
<br /> _.. ..-_ _ (hereln'T►uatee'�,and -------- - _--. _
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<br /> - the Benetfofary. Five Points Senk , • -_ _
<br /> � � ` whose maUing addresa Is 2015 H. �raea9v�11 Grand Is18nd. NE. 68802-1507 (herof�"Lender'7. • ' _
<br /> FOR VALUA�L�CO�NSlDERATION,iRC1udE�tg�Rdc�rrr's oxtension of credR iden8fled hereln to „ "--
<br /> ' . At3Lll PAiRTNfERS�EP � •.��-
<br /> , (harein"SorroweP',whether one or more)and the Vust horeln created. � �
<br /> � C�"ee receigt�4�rR�!cQ� is her�by aoknowiedged. Trustor h�rQby ioQOVQ&8bty grants,transfe►s,conveyls and as�s�rts to Tnest�a.P.�1 �, ���_:
<br /> TRUST.W1'�'Oi�QYY�CA 0�SALE,tor the benefit and security o4 Les�d�e,urtd0r and subject to the terma artd cortdi�e�s hQeol�at2sw�rv� ; . • -_
<br /> � b�11 the f0�1�SQ rty,dBSCi b tol � 1 J --'
<br /> �' TH$ LAlIA REF�II�RED �O��SI�I�I�'1'ED IN TH� COIDNTY OF HALL, STATE OF NEBRASKA„ AND
<br /> � QESCRIS�D !1S F��Il:ON�tUNIT C-2 UNI? F-10C AND UHIT C-3. IN GRAHD ISI.AHD �' "; . -_
<br /> DOCTORS BUILDENG COHDOMIHIU!! �'ROPERTY REGIME LOT ONE t 1) SAINT FRAHCIS ; . � - � :
<br /> KEDICAL SUBDIVISEQ!� CITY OP GRAHD ISLAND �iALL COUHTY �EBRASKA AS DEFIN� �:. • r'. �.
<br /> • '.�,: IN THE 1lASTER DEF.D C{tEATIdIG GRAHD ISLAND ObCT�RS BUILDI�iG COHOQ9�INlil1M PROPERTY �; ; � � "`�; .
<br /> ...;•�t,{, ItE�iI�� RF�OF���Q�S D�DC1DIlfl��IT 1�70. 80-001693t C�A1�'IHUED ON ATTACi4M�MT •A') , ; », ,.. .:• _
<br /> . i, � er w a u�[ n s, mpr�YO�a�n&g,fiMures,sueets.alta Rassagewa 6S$8I110Pi83,Pd hts,privit es and a purte- j, .
<br /> s,. 09 9 b�. Y8. � e9 P , . ,..�i�,;.:;��'.'
<br /> .,.;, nances Iocated thereon�2 in anywise pari�infng Mereto,and the ren4s,issues and proflts,revarsion�and remainders thereot,and ��,,���� � , �;;�,;�,���{�.. .� --_
<br /> �; � such psreonal property 4�'ba4 bs attached to the impro�a�eanis so as to consUtuta a tittture,inclu�Ertg,but not IImiII�d to,heatlng and +,. h� �
<br /> �f ' cooling equipmenk aR�H�a�e4her with the homestead oe enaritai In4arests,it any,wrhe�Po intorests aPe hereby rel�as�and waived;all ;; ; 'k
<br /> �;-
<br /> �, oi which,inciuding repi�sements and addiUons there2o.ia hareby d�tarad to ba A��iaf th�rr�l es8ate secure9 my the tien ot this ` !•' . � �,..,:;;,-L�;
<br /> Oeed of Trncst and ail af the toregoing being referred to h�rein a�1?�e"PP�perty". �'�''`� " ���'}�� '�'�'
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<br /> `�``�- � This Q�eed of Truat shall secure(a)the payment c4 Ltea principa�sum and interest evid�nce��y a promissory note cT cre�it ��`�
<br /> i� ,-
<br /> �� ,. . �f..,� ' ' -' ' :`��
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<br /> �� '�' ' A�raampnt datBd Aaril 15th 1994 ,having a maturity date of KaY lst 2004 's
<br /> -.°iri-- --- �- - . � - -- - F ---
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<br /> � . . .. .r;':;� in the odpinal principal amount ot 3 513,000.00 ,and any and all modiflcatlons,extensions and renewals � �
<br /> thereaf or thereto and any and ail future advances and readva�ces to Borrower(or any ot them ii more than onej hereunder , ^�'"� ' -
<br /> . ��`'.4'�, pur8uant to one or more promisaory notes or credit agreemente(herein called"Note'7;(by the payment ot other sums advanced by `�,r. ::
<br /> ,,� .. � Lend�r to protect the securfty of the Note;(c)the pe�tormance of atl covenanta and ag�eementa ot Trustor set forth herein;and(d)all �; , , ,,,.
<br /> \�r,:," • preser►t and future indebtedness and obifgatlons oi Borrower(or any of them if mor�than one)to Lender whether direct,i�direct, •, �: ��;�ii--
<br /> � ,��;� absolute o►contingent a�d whether anafng by note,guaranty,overdraft or otherwlse.The Note,thla Deed of Trust and any and ail %:. ` ;.; _
<br /> ' � ' otherdoCUents that aecure the Noto or othe►wise execut�d in conneotion iherewith,including wlthout IimNstion guarantee8,secudty : ;•�� •
<br /> agrsements and aesignments of leeses and rents,shall be referred to herein as the"Loan Documents". ��� .,� �
<br /> Tru a t or c ov enanta and a grees with lender es tollows: ; •
<br /> 1. Peyment ot Indebtedneis.NI indebtedness secured hereby sheli be paid when due. ' ;
<br /> 2, Title.Trustor Is the owner of the Property,has the right and authority to convey the Property,and warrants that the Ifen '•` �^�
<br /> cr�eted hereby is a flrst and prfor tfen on the Property,except tor liens and encumbrances set forth by Trustor in wriring and i� ' .,��..��;
<br /> delivered to Lender betore execution oi thia Deed ot Trust,and the execudon and delivery of thfs Oeed of Trust does not vloiate any , �
<br /> contractor other obiigarion to whfch Trustor is subject " ' , 'r-�;
<br /> 3. Taues,As�ssfinents.To pay before detlnquency a8 texes,special assessmenta and ail other charges egainst the Property `-l:��"' -�-
<br /> now or hereafter levied. ' ' �'x.
<br /> 4. Inturanos.To keep the Property insured against damage by flre,hazards inciuded withfn the term"extended coverage",and ` � �+-'��
<br /> ���� such other hazards as Lender may requfre,in amounts and with companiea acceptabie to Lender,naming lender as an additlonai � �""
<br /> 4�;.?',1 �.,.�.
<br /> ,, named insured,with loss payable to the Lende►.In cese of Iosa under such policies,the Lender is suthorized to adjust,coitect and ' � �-,`.';;
<br /> ��''. cornpramise,alt ctaims thereunder and shaii have ihe optfon of applyfng aff or part of the insurence proceeds(1)to any indebtedness _•:Z�!;
<br /> ' secured hereby end in such order as Lender may determine,(ii)to the Trustor to be used for the repair or restoraUon ot the Property -• �
<br /> or(NI)for a�y other pu►pose or object saUstactory to Lender without aHectfng the iien of this Deed ot Trust for the fuli amount secur�d � �S=`�
<br /> S�!� hereby before such payment ever took piace.Any apptication of proceeds to indebtedness sha�l not extend or posuwne the due '=''`
<br /> �;•:' date oi any payments under the Note,or cure any default thereunder or hereunder.
<br /> �ti'`' �� 5. E�cioMt.Upon written demand by Lender,Truator ahal�pay to lender,in such manner as Lender ma desi nate,sufricfent �"�'
<br /> .,•: Y 9 ,�,,:�.`
<br /> sumato enabte Lender to pay as tfiey become due one or more of the following:(i)sIi taxes,assessments end other charges against � >�
<br /> ,, � the Property,(li)the premiums on the propeRy Insurance required hereunder,and(iii)the premiums on any mortgage insura�ce " �
<br /> rsquired by Lender. r. A.
<br /> ' 8. IMatebnartcs,Repairs and Compilaream rnRh Laws. Trustor shall keep the Property in good condition and repair,ahall :�••
<br /> j' promptly repair,or repiace any fmprovement which may be damaged or destroyed: shall not commit or permit any waste or ,�'. .�.
<br /> � deterio�atlon of the Pro .:
<br /> perty:shall not remove,demoiish or substentially aiter any ot the improvementa on the Property;shall n�t '' ''
<br /> commit,autfer or permit any act to be done in oc upon the Property in violation of any taw,ordinance.or regu�ation;and ahali�ay and '�'�
<br /> promptly discharge at Trustor's coat and expense all lions,encumbrances and charges levied.�mposed or assessed acairts!trie !��_
<br /> Property or any part thereot.
<br /> T. Em�R�nt Domatn.lender is hereby ass�gn_d au compensation,awards,damages and other paymenb or relief(Ree�:�a��r �����
<br /> ' "Proceeda'�in connectlon with condemnaffon or otncr t�lcing of tfie Praperry or part Mereof,or for Conveyanct�in lieu of tortdemrt$- ';;4.��
<br /> � 41on.Lender shali be enUUed at Its option to commenco,appear in and prosecute in its own name any acuan or proceedings,and ;�.+�;.�•
<br /> , shail also be entftled to make 8ny cornpromise or settlement fn connecUon with such ffiking or damage.In the event gny�orflon ot ,;, i�_
<br /> . the Properiy is so taken or damaged,Ls�nder shall have the option,in its soie and absolute discretion,to appiy a�i sueh PraceeQS.
<br /> � . afterd8ducting therefrom alt Costs arrC enpenses incurred by it in connection with such Proc¢eds,upon any indebtedne��rod _
<br /> hereby end in such erdd as Lender enay determine,or to apply an suCh ProceeGS,atter suen aoauevons,io me resio*aa�r���.��c
<br /> Property upon such condiUOns as lender may detertr�ine.Any appiication of Proceeds to indebt�zdness shall not extend or postpone
<br /> thedue date oi sny paym6nts under the Note,or cure any de}autt thereunder or horeunder.Any unSppiied tunds shal�be patd to
<br /> Tn�stmr. °�
<br /> 8. Poo4bmeartce 0y l.�ader.Upon the occurcence ot an Event of Defauit herQUnder,o►if any aei is ta�con or Iegal proceeding
<br /> • • comrrt�nG�d which materially afiec�L2nder's interest in the Property.lender may�n its own discration.but without obligatlon to do
<br /> so.8nd w�8Pf0ut notiCe to or domand u�on Trustor and without reteasmg Trustor lrom any obUgaUon.do any act which Trustor has
<br /> agreed Dut fails to do and may also do any other act it deems necessary to proteet the secunty hereof.Trustor shall.immed�ately
<br /> upon demand therefor by lertder,pay to Lertder aIl costs and expenses incurred a��d aums expended by Lc3ndor in connect�on with �
<br /> . theexeteise by Lender of the fo►6going�ights,together with interest thereon at tAe detault tat�prov�ded in tho A1ote,whieh shall be •
<br /> � , �� added to tRe irtdebtedrtess secur�M hereby. Lender shatl not i��cur any Iiabflity because of anything it may do or omK to do .
<br /> h8fettRdBr. �'
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