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<br /> ° DEED OF TRUST 1MITH Fl�TU�iE ADVA�ICEB , ��"' 1��1�2 • � �
<br /> � � .� .
<br /> � � TM18 OEED OF TFIUST,is made as of the_.1.1t1L daY ct AW i�-- - , y8-9t�by and amang .
<br /> ;�`s�k�
<br /> she Tn,ator, "ichael 5. McElrov end Cristv J. M�Elrov husband and wif - , . . . °
<br /> „ 68803 621 S
<br /> .. ..� ��_,..�e.. n..� ��n�c9 Is1A•_±ei �1� (hor�ln"Trustor;'whether one or more), _
<br /> ,"' . whose malifrtp address Is �"� , ' _
<br /> , , ,, the Trustee. � ,
<br /> ' ��� P 0. BOX 1507 Grand Is1aM�+ NF 68AA2-15A7 — (herein'Trustee"),and , °;',,; " - --_-
<br /> " whose malling address Is � ' °
<br /> • �> Me 8enoficlary. • . `�•,•'---
<br /> ' . whosg maDi�g address is (herein"Lender'�. � ,��,
<br /> FOR VALUABlE CONSIDEff1ATtQN,trrcluding 6.onder's extenslon ot credit idenUfled her�in W �f��`ApA S_ McEtrev v�`�
<br /> (herein"Borrowee".�rP�other one or mor@)ac�cb r,ho fsuat herein created, . . � ��
<br /> the receipt of whicb is�emceby acbcciomledged.Tnas4er her�Dy ierevccabry grae�s�,.transters, conveys aeec�ac�'•gns to TruBtee,IN _��.
<br /> TRUST,WITH POWER OF SALE.tc�4ho benefit anci security ot i�ndor,under artd subject to the terms and cons964iona herc3�natrt�r set I'' ,��
<br /> � � forth�the resi proVe►ry.descrlbed aa 4o�lotiys: � .,� � __
<br /> pe
<br /> The �asterly Sixty-�ive Feet (6S') of Lo8 Sevent�en (17) and the NPesterly t�9i�� Feet �
<br /> �� (9') of Lot Eighteen (18), Block Ten (10), i'arkhdi� '�hird Subdlvisiocro. �n Addit@mn to �� �
<br /> the City of Crand Island, HaH Cmauc�$y, Nebrask�. . , ry=
<br /> «
<br /> .;`• ,.
<br /> .-:;�1.;`�;!; Together with all buiidinga,improvementa,flxtures,streets,alleys,passageways,easeronemts, rights.privfleges and a���erte- .1 �_�
<br /> , �•�� nances located thereon o�in a�y►vis�pertaining thereto,and the�enta fasues and proNta,reversions and remainders tn�r�+ot,and r .`` :
<br /> � �'r�;�', such personel property that is ariaxhod to the improvemenffi so as Y0 consUtute a flxture,tncludine,but not timited to,heaZao�a and ', t�1,yI, ',, -
<br /> ,`'.'�'�
<br /> .`,• cooling equfpmenX anal tmgether with the homestead or maritai inte��sb,if any,�vhich Interests are hereby reieased and wa3va�:aU ;.4,.;.;y,
<br /> of which,including r��l���mea+ta and addiUons thereto,is hereby d�clared to���part o!the resl estate secured by the Ilen of ihis ,;i f,,rr,j�'L
<br /> . '•��'". peed oi Trust and a1104 4B�a 4eveg�ing being referred to herein as tlhe"ProRerfi+"• , '•'
<br /> . �,,,.: ., , ..��,� ,
<br /> ..,,.,;,:.,�
<br /> � :-�t�. ���A Daed of Truat shati secure(a)the payment of the p�ice��A�'.aum and Intereat evidenced by a promisaory nota mR cr�ditt _ ' •.-�".j
<br /> - .'.>�.,r:• . - - =_ =-�'-__
<br /> il 11 199q ,having a maturity date of Ar�rll t K 1999 , . . . •.-�';�
<br /> agreament dated .�r .
<br /> t}..;'�:�
<br /> Ot K AO ,and any and ail modiNcatlona,extenalons and renewais " � ' � �,�' �
<br /> in the originai principal amount of 5_2Q, • . . '�'�;
<br /> • thereof or thereto and any and alt 4uYUro advences and readvancea to 8orrower(or any ot them If more than one)her�under ,.,�: •. �s
<br /> �'`'� pur8uent to one or more promissoe�c�vtes or credit ag�eementa(hereln r.alied"Note'�:(b)the payment of other sums advavnced by
<br /> :' ���.•;!�i;ri: :'..t!
<br /> ':•�•r Le�der to protect the secudty of the Note;(c)the pertormance of aii co��enants and agreemente of Trustor set torth herein;a�n�(d)ali ;,�_.`.,,,;ti,• ,
<br /> � �� present and tuture indebtedneas and obligatlons ot Borrower(or any of them it more than o�se)to Lender whether direct,ia�direct, � r,;,;,��t;�.{�. ,
<br /> ,� �_.
<br /> abaotute or conUngent and whether arising by note,guaranty,overdratt or otherwise.The Note,this Oeed ot Trust and any and all ; Q ; . ;�
<br /> other dxuents that secu�ethe Ptote or otherwise exeauted in connectlon therewith,inciuding without Iimfmtlon guarantees,security i ��,�i ;..
<br /> agreements and assignments of leases and rents,shali be referr�d to herein as the"Loan Documents". J � ;�
<br /> ,;'`,.,� Truffior covenants and�grees with Lender as foliows: �
<br /> �•�;'r` 1. PeymM4 ot Irtdebtedne�w All indebtedneas securod hereby shali be paid when due. � ,!�
<br /> � 2.Titte.Trustor is the owner of the Property.has the right and authoriry to convey the Properry,and warrants that tha lien ; � • . �_�y�w.
<br /> created hereby is a first and pdor lien on the Property,except for Ilens and encumbrances set forth by Trustor In wdting and . �';sfi_.
<br /> <<,._
<br /> detivered to Lender before executlon of this Oeed of Trus�and the executlon and de�ivery oi thia Deed of�1rus3 does not vlolate any � ,��;��`�,.."�r;:ry
<br /> :,;��.. contract or oMer obligation to which Trustor is subJect . � -
<br /> '; 3.H�ttea,As�essmo�b.To pay betore delfnquency all texes,speciat assessments and all ot4��r chasges against the Property � .;r+�•';�. ,:'' ' ��
<br /> ' f,? � ;. :�- : , ,
<br /> now or h�reatter levied. � ,, :�. ;•"'`'
<br /> 4. Insurence.To keep the Property insured agalnst damage by fire,hazards inctuded within the term"ext�nded co�urage",and , . .;�'i��•,�-.ti,,.,�;
<br /> such other hazards as Lender may require,in amounts and wtth companies acceptebie to Lender,namia�g l�nder as an addldonai � . ,:;��;.;;", •,�'�}�••+ S,
<br /> named insured,w i t h toss paya b le t o t h e L e n d e r.l n c e s e o f l o s s u n d e r s u c h p o l[c i e s,the Lender is authorizod!o adJust coilect and • �.�*;;���
<br /> ...ii,•.:%_.
<br /> compromise,ali claima thereunder and shall have the optlon of applyfng all or paR of the insurance prxeeds ti)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 restoradon of the Property • �;
<br /> ��• or(iii)4ar any other putpose or obj�ct satisiactory to Lender witho��t aitectlng the�ien of this meed of Trust forthe fu�t amount secured ,
<br /> . ��;�. hereby betore such payrnent evec svok ptace.Any appllcation ot proceeds to indebtedness shaU not extend or postpone ffie due , .
<br /> , �. .��•
<br /> date o�any payme�ts u�eder ihe Nio4e,or cwe eny default thereurtder or herounder.
<br /> 5. Etcrow.U�OOn wvitten demand by Lender.Trustor shali pay to Lendee,�n such manner as LendeP may designate,sufficient � �' „�
<br /> �•�;t� sums to e�abie Le�d�ar to pay as they become due one or more of the following:{i)a�l taxes,assessments and other charges against , ,,
<br /> . ;.. .•• �8 Iproy�ety,{N)the prernfums on the property insurance re¢�ired hereunder,and(iii)the premiums on any mortgage insurance .
<br /> � r�qtnir�tl ihy 4ender.
<br /> �. g4aintenancs.Repalrs and�omplianee wNh 4awa.�rustor shail keep the Property in good condiUon and repair,shali
<br /> 4
<br /> pro�ptly repafr,or �eplace any improvement w°��cr may tre tlamaged or destroyed: shall not commit or permit any vreste or � ,
<br /> deterloration of the Property: shali not�emove,demolish or substsntiaily aiter any ot the improvements on the Property;shaii not
<br /> commtt,sufter or permit any act to be done in or upon the Property in vioiation ot any Iaw,ordinance,a regulaUon;and shait pay and
<br /> � prornptly discharge at TruatoPs cost and expense all Iiens.encumbrances and charges iev�ed.imposed or assessed against the
<br /> • Pro�e�ry or&ny part the�eof. '
<br /> '���! �. Eenine�t Domain.Lender is hereby assigned ali cam�e^sat�on,awards.damag�s and other payments or relief(hereinafter
<br /> ,',,. ;5,�
<br /> ••prercoeds')in conn�ctfon with condemnatfon or other teking�f tne Property or part thereat,or for conveyence in Iieu ot condemna-
<br /> Uon.Lender shail�e entltled at its optlon to commence,appear in and prosecute in its own name any�ction or prxeedings,art�
<br /> aNaN aiso be entl8ed to make any compromise or settlement in connection with such taking or damag�.In Yt�e event any partion ot
<br /> :.,s.e e,.�e e.,.�o►,oneen discretion.to aII�lv 811 suCh PYOCeed8.
<br /> .. ' �CtB pC0�D6�1)I 18 SO ffik8�1 Of<181I�8Q6a.L@natlt�naii i�n'vo u�v'v'p�v:.....w....•---'---'- - - �
<br /> attor c.',^.ducting therehorn all costa and expenses incurred by it in connecUon with such Praceeds.uDaR any indeb'edneas secured
<br /> ' har�by and in such order as Lender may detormine,or to apply aIt such Proceeds.afte•suc►�tleducnona to the re�COration ot the
<br /> Property upon such condftions as Lender may determine.Any application of Proceeds to mdeb4edness sNall not�xu3nd ar�ostpone
<br /> the due date of any paymen4s under the Note,or cure any default thereunder or hereunder.Any una�p��ed funds shall tse paid to
<br /> Trustor.
<br /> 8. Pee(or�afiee by Lends►.Upon the occur�ence oi an Event ot Default hereunder,o�if any act is�ken or legal proceeding
<br /> •.1;�.,: commertced which materlally attects Lender's interest in the Property.�ender may in its avn d�scretion,but without obtigation to do
<br /> so,tu�d without no8ee to or demand upon Trustor and w:�a�t releasing Trustor nom any obligation,do any act which Trustor has
<br /> ' �grPed tiut fails to do and may also do any other act�t Qc3om�necessary to protect Uie securiry hereot.Trustor shatl,immediatety
<br /> upon demand ifiapofar 0y lender,pay to LendQr alt costs and oxpenses�nwrreQ and sums expended by Lertder in connectian wnh
<br /> � YAQ�ercise by Lender of the toregoing rigHtts,together with interestthrareon at the default�ate prov�ded in the f�Iote,which shall be
<br /> added to ihe indebtedness secured heroby. Lender shalt not t�cur any IfabilRy beCause of anyth�ng it may do or omit to do
<br /> herounder.
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