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<br /> ��'�;�"�:°'°'° ` L36�D O�TR4A�i�YiOITIi FI�TUIR� AD1fAP1C�S 9'�s ������
<br /> -- •
<br /> -- THtB DEED OF TRUST.I�mad�a of ths 20th ,�y of June ..yq 9�4 py���
<br /> q�T��� Lebensraum�,Inc ---.
<br />--��___ __-� �h�m�����d����s 118 South In�alls Street� arand Ielend. I�erein"Truator;'whNt►er orte or mon?.
<br /> �7N�. Pive P�IaLA Benk� A Nebraska Corporation __,
<br /> who�m�ilinpaddnssls .,�'0. Box iS07 Grand Islamd. NE (heraln"Trusbs"►,�nd
<br /> - �e����ry� Five Pointa Bank, A Nebraer.a Corporation �
<br />-;>:��� whcas rruliiny tddross la P.O. Box 1507, Orand Ioland, N�• �h�retn"LAn�e��.
<br />''~� FOR VI►LUABLE CONSIDERATtON,inoluding Lender'a extenalon of credR Identifled here�n to
<br />_�,
<br /> J • Lebenaraum�Inc. (herein"Qorrower",whether one or more)and the truet hereln cretted.
<br /> the recetpt of which is hereby aaknowtedped.T�uator hereby Irrevooebly grsnte,transtero.conveys ttnd essJpns to 7►uetee.IN
<br /> TRU$T,WITH POWER OF SALE,tor the benefltend security of Lender.underand eubjectto thetarmaand condittons hereinatter tat
<br /> torth,the reel property,deacribed es followx
<br /> See Attached Exhibit "A"
<br /> � -<• .
<br /> � To�ether with ail bui►dinge.tmprovemente,fixtures,etreets.atteya,paaaegewaya easementa,dghte,priviteQes an�appurte-
<br /> �ances{ocatfld thereon or in anyw(se peRainirtg thereto,end the rents.tssues and protite,reversiona and remafndere tlreteof,and
<br /> •��_ , suah peraonal property that te at�ached to the improvemente so as to.constitute a 8xture,inctuding,but�ot Itmited to�hastin�and
<br /> coq�inp�qufPment artd toQether w(th the homestead or marital intereste,if any,which Interesta are bereby reiee�aed end waNed:all
<br /> - of whtGh,Includin�replacementa and addidons thereto,ia hereBy deolarad to bea part of the reat eatate eecured by the lton ot thfe
<br /> ` �� Deed of Trust and alt ot the bregoing belnp reterred to heretn as the"Property".
<br /> c .. :s
<br /> .�'r�,�"�:��. Thls Deed o!Trust shalt aeaure(a)the payment ot the prinaipal sum and Interest evldenaed by a promisaory nate or credit
<br /> .• � - - ,�_ March 13, 19�5
<br /> �,�• � ` aQreement dated Juna 20, 199A ,having a mawrlty date o4 • ___
<br /> .j��j .
<br /> � ���' i n t A e o r i {n a t N n e l p a�a m o u M o f S 800.000.00 ,and an y and all modifloatlona,extenalons and renewals
<br /> � "�-1 r�^�' �'f�t thereof or theroto artd any and all tuture advancea and readvancea to Borrower(or any o}Mem!f more tban one)hareunder =--
<br /> ��.�; }���'.. —_
<br /> ' � �.��� Le d r�protect the�seaudty of tlte No�;(c)the pelrtorm nce ota i�oovenantsand g eem�ent�yTiustor set forth herelr+a and d 1 elt
<br /> ;�� .... �
<br /> � , 3:,'.`�,iv� 4'l.�•{� ��`
<br /> , preaeM flnd future IndebLadneas artd obtipatione ot Bonowe�(or.any.ot them i!morethan one)to Lender whether direot,inellreet, y
<br /> ���?k�d.., abaolute�or coMinpent and whether edsinp by note,guaranty,overdraR or otherwlse.The Note.th�s Deed of Troat and any and atl �'tr..;;'
<br />- '� `��`t�+�^��,�M�•` otherdoaue►ri�thatseaurotheNOfeorotherwieeexecutedinconneadontherewith,Mcludingwithoutiimitetton9uarantees,seourlty
<br /> � . � '� agreemepts and assi�nme�ta of leaaes and rente,shalt be reterred to hereln as the°Loan Documente'. _ _
<br /> ' ��'��• f• Truatar cove�enta nnd agrees with Lender ae fo�iowe:
<br /> ��I�1'r
<br /> �� y;,�y�"�.�.���,•„, 1. P��m�n t d I n d�M�d r�.Nl indebtedneaa secured here b y ehall be paid when due.
<br /> ` `""��'- Z.Tllw.Truator ia the owner ot the Properly,hae the right and authoriq►to eonvey the PropeAy,end warrants thet the l len _
<br /> �� �: .� created hereby ia a flrat and prior Iien on the Prope r l y,except tor tiena and encumbrencea set forth by Trustor in writing end �
<br /> :w�-�,� detivered to Lenda betore executlon of thta Deed ot Trust,and the exeautlon and delivery of thls Oeed of Trust does eot vioiate any '��
<br /> �M corttraot or other oDlipatlon to which Trustor is eubject
<br /> " ' '�%x� ' ���� 3.T�,As��m�nta.To pay before delinquency atl texea,apeoial assessmer�ta and all other ohargea egatnstthe Property
<br /> " L'��: now or hereerter leWed.
<br /> �'���«'�'^t" 4.I n�u r�n e�.T o k e e t h e P r o I n s u r e d a a►n s t d a m a e h f i r e,h a z a r d s Inctuded within the term"extended coverega",and
<br /> ti.;:,u••. - P P e n Y 9 9 Y
<br /> �. ,;;�*�:,::;.:,;.:.�j. such ott�er hetarda aa lsnder may require,in amounta and wiN companles accepffible to Lender,namtn�Lender aaan addittonal
<br /> ���• ,,� ., _:, , named Inaured,wit�loas payabie to the Lender.in case ot loss under auch poNcles.the lender is authorized to adjusL col�eet and
<br /> �,�r����'•� compromtse,all cWmatherounder and ahall havethe option of appiying all or paROf the ineurance proceede(t)to sny indebtedneaa
<br /> �''�'=r�'-���'�' � secured he�eby and le euch order as Lender may dete►mirte,(11)to the T►uator to be used for the repafror restoradon ot the Properiy
<br /> r` •:'-'° ° ' o r(i i l)b r a n y o t h e r p u r p o a e o r o b J e c t e a U a t a a t o ry t o L e n d e r w i t h o u t a N e e U n g t h e I l e n o t t h l a D e e d o i T r u s t t o r t h o f u l i e m o unt seaured
<br />- a :k�.�r!��':;:�. hereby betore such payment ever took piaee.Any appifcaUon of proceeds to indebtedness shali not oxtend or postpone the due .
<br /> � ?,'���'"j'�;: dt�te of any paymer�ueder the Note,or cu�e any deteult thereunder ar hereunde►.
<br /> , ��:�: .� � S. E�row.Upon written demand by Lertder,Truator ahall pay to Lender,in auch manner es Lender may destgnate,sufNcient
<br /> • �M�.���•t. suma to enabie Lender to pay as they become due one or more of the foibwing:(I)al l texea assessments and other chargea a9ainst
<br /> ��j ;,'�,,;,,r,;,,�.:, ., the Property,pq the premiuma on the propert�r inaurance required hereundar.and(uf)the premiuma an any morcgage insurance
<br /> ; z�, z.:,r�:�.. _ . r ufred b Ler�der.
<br /> ��;:., eq Y
<br /> �i��!y�j;i'��•:.;'���;:� 8. �aMMnanct.R�pain�nd Coanpltanw wrih Law�.Trustor shall keep the Property in good conditlon and repafr.shall
<br /> '`"'�:,;'4��:ti:t'_ � � promptty repalr. or r8place any Improvement which may be dameged or destroyed:shall not eommit or permft am►waete or
<br /> . j .�:�'.;;.. ' � deterioraUon ot the Property;shall rtot remove,demoliah or substant[s�ry elter any of the improvements on the Properiy;ehail no!
<br /> ;?;�c::,�i:� ��`-c•.�` commit�eutteror permtt any act to be done in or upon the Property in viotatton of any tew.ordinanee,or repu�aUon;and slull pay and
<br />- ' �;.`��,#•,��`r-:.�: prompity dlacharpe sst Ttuator's coat end expenae all tiens,en¢umbrances and aharges levted,imposed o►assessed agaln�t tho
<br /> `-�•.�'�:._ • thereof.
<br /> . Yz�;�'u;;� ..,-. :.� ProperAy ar eny part
<br /> �.',,:'.�" �' 7. �9ntnt Domain.Lender Io hereby asaigned ail componsaUon,awards.demages artd other paymenffi or retiet(heroinafter
<br /> ' � "Pcnceads'7 In connectloa wlth condemnation or other ffiking of tt+e Properly or part thereot,orfor conveyiirtce in iieu ot ccrtdemna-
<br /> '; ' •-' �'-••--° • Uon.l,endet eha�{be eoUtted at its option to commence,appear in and prosecute tn Its own namo any actlon cr procsedt�ga,artd
<br /> . ` shali also be entiUeri to make any compromise or selUoment in cannectlon witt�such ffiking or damage.in tAe event any portlon of
<br /> - - � .�_.`__,.�__�...Y� • � �---•--.�.eu we„o�.,.�i...���im�e►a end nesnlute discretion to aonfv a�i such Procoeds. �_ _
<br /> :.uSS - �--.�.;:—= a�vr,vl�q�aa..w�,�.v...v...........�.......�..�.�.--•--�°---•-•------ - �
<br /> :7:.�•:�•�' . atter deducNnp theretrom�3II cosis and expensea incurred by it in connection wlth such Proceeds.upon any indebtedness secured I
<br /> �`'�.'Q �'�" � herohy artd in euch order ea Lende�may determine.or to apply alt eueh Proeeeda.atter eueh deductlons,to the�eatoratlon of the �
<br /> �- ,! ,�;,•..�:.',�,�-r,`;. ; ProperiyuponaucheondtUonaaelsnderma�rdetermtne.MyappltcatfonolProeeedatolndebtedneaashailootexter►dorpostporte
<br /> . :�::.;�:•yr�,;. . '= the due date af any paymeMa undet the Note,ar nure any defeult Mereurtder or hereunde�.Any unepplled lunda ehali be pald to
<br /> _ .�r.';x;,;;_ ... ltWtor.
<br /> _ , s,:�:;.;f f�,;�,,.,:, g, p�by t+�ndK Upon the occumtrtce of an Event ot De4ault Rereunder,or N any act ia taken or legal proceedlnp �
<br /> .f�l�+;;..,,;.,. commenced wAtoh maUerta�h af(ecte Lender'a in�in the Property.Lertder mey i�Ita own dlaaroUon.but without oDlipallon to do i
<br /> . , .t1�• ::;.''•- sa and without noUce to or demand upon Trustor and without releasinp Truator hom eny oD�fgatton.do any act whleh Truator he�
<br /> I. • ��••�• •t a�roed but hUs to do and mar alao do any other aat k deema rtecesstry W prote�!the aecurfty hereot�irueWr ehat4 immediatah �
<br /> .�.�,:,.��.,�. a
<br /> t�» •% • • •• " �on demand therefor by Lender,pay to Lender a�l coab and expenaes Irtcurced artd suma expended by Lender in connentton with ;
<br /> . �;''�' � the exercEse Oy I.ender ot the breQolnp Nphta,toQether with IMeteat Mareon at ths detautt rste pmvidad in the Note.whteA shatl be '
<br /> ' .'�. added to the IRdeObedns3s securod hereby. Lender shall rtot incur any�labitiq► becauae of anythtng it may do or omit to do i
<br /> _ harour�de�. I
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