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<br /> - OEEn OF TRi187 WIT49(�U4UR�ADI9ANCE8 7�" �'���
<br /> THt9 DEHtD OF TRUST,Is ir�ds a�01 the �ath d�y�a} Aup. ,�p�I�y�nd�monp
<br /> th�Truslor.� �� r.wrn i qp�p r �r�n�� . hu�band �nd Mit� - --�
<br /> .—�—�d LJib�..__.__.. �..,`— 3�i1�3
<br /> whoM mt(Itnp wddr�ew ts
<br /> 9r3 M 16tR St 6rsnd I�l�rnd��nin'7��,�w-h�f�r on�a mots;,
<br /> ths��ut�M �-"iv� Poiet��aek a ►i�br+��eroor���ou �
<br /> whose matlinp addrsa fs p'�' Box 1�7 6r�nd Itl�nd. N� 6880Z ����„��„���
<br /> ����+ry� F'iva Paints Bank .
<br /> whosa msitinn addreu is �13 N. Broadrall Cirand I�land, fiB. fi88�SZ-i!i�7 ��Mn"�9•
<br /> Floyd J Sas+�ns�n
<br /> FOR VAW�I6LE CON9IDERATION,Inaiudtnp Lender'a extantion of oredft Ider+tiHied hsrein to
<br /> i 3huon K Soreuaen (hereln"Borrower",wt►cahsr one or more)and tha truq fNrefn orMt�d,
<br /> ths receipt ot which is hflreby acknowbdged.Tn.�ator hereby ir►erocably p►ants.transtars,canvsys and attiyna m TrusMe,IN
<br /> TRUST.MfiTH POWER OF 9ALE,brthe bsneftt and aeaurly ot Lender.undsr and suDJeotto ths tertns and conditi�vn�herNmtM►�et
<br /> iorth�the real P* . '�n�'��odi u
<br /> Lot 6, Wa s � on v 1oA• City oi 6raad I�land� H�11 County K�bra�k�
<br /> �'a�Y,1�'�J'
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<br /> _�:ti?�'r:��`�`'�, Toyether with ail buildinpe,improvements.NxWres,atreets,alieya,paasapeways.easemenb,riphtt.Privile�s uid appurM-
<br /> � a •� nances Iacated ther�on or fn enywfae pertatning Mereto,and the re�,lasuaa artd protita.�eversiona and rem�inders Msreat,�d
<br /> ::�y�;•;;�,:��-.-;�;:.� eueh personei propeity that le attaohed to the improvemente so as to cons1ttute a flxtu%inaluding.but not Iimtted W,hs�ti�o�►,and
<br /> ' coolinp equipment and topether with the homestead or maritai Intereats.N any,whieb Inffireata aro hereby re�esaed and wah�a��
<br /> `'�i'�'� � � �'�`�"�' Mwhfah,Inaiudinp replacements and additiondthereto.la hereby deetared W boa paAo4 the eeal eatate seaured by ths N�bithft
<br /> Oeed o1 Truat and all ot the forenoinp beinp reTerred to herein as the"Propert9v".
<br /> .• � This Oeed ot Truet shali seeure(8)the payment of the prindpal aum and interest evldencce�d by e promissory natq br otedtt
<br /> � , apreement dataa !l�t9�l, �9th 1994 hsring s metur!!y�lat��t Aagust 38tQ 199! .
<br /> ' r in the origl�ai principat amount of S 78•�4'g9 ,and any and atl modlflcatlons,exterrslone and reriewats
<br /> � " thereof or thereto and any and alt tuture advances and readvances to Bo�rower(or any of them If more than ons)h4retilnda
<br /> purauant to one ar rnore pror�tsaory notes or credit agreemer�ts(hereln called"Note'y;@)the payment of other sums advanoed by
<br /> t,ender to proteotthA eeeudly of the Note;(o)the pertormance of ell covenants and e�reementa of Truator eet bM herein;and�1�ail
<br /> � �� preaem arrd future indebtednesa and obligadona of 8orrower(or any of them If more than one)to Lender whether direct indlrect,
<br /> absolute or conUn�nt and whether aheing by note.guaraMy,overdraft or otherwise.The Nofe,thle Deed of Tiust and eny and aIi
<br /> other doeuems tt�et aecurethe Note or otherwise executed in connaatlon therewith,lnetudinp wl4hout itmitaUon�uarantees,aecuriiy
<br /> „ agreementa nnd easlpnments ot leeaoa and rents,shatl be reterred to herein aa the"Lvan Oocumente".
<br /> Truator cov�ante and agrees with Lender ee biiowa
<br /> - - � 1, pa�m�nt o!�ed�bt�dma.All Indebtedneaa secured hereby shalt be paid when due.
<br /> � 2.TNi�.'fruetor is the owner of the Property,hae the right and euthority to convey the Property.and warrants that ffie tien
<br /> . created hereby Is a tlret and prior Iien on the Property,except tor Ilens a�d enoumbrancea set forth by Tn�stor in wriUnp and
<br /> dellvered to lender betore exeoution of th la O e e d o f T�u s t,an d t he execu U o n a n d d e i i v e ry o t t h i s D e e d o t T n�s t d o e a n o t v l o t a t e a n y
<br /> ` contraat or other obtlQation to which T�ustor Is subJect
<br /> 3,T�Aft�n�b.To pay betore de�inquenay all taxes,spealat assessmenta and al�other charges apafnat the Property
<br /> now or hereafter levled.
<br /> 4.OaFwnnt:��To keep the Property insured against damage by fire,hazards inctuded within the term"extended cove►ape';and
<br /> " suoh other hazards ae�-ender may require,in amounta nnd with companies acceptable to Lender,naming Lsnder ns an addhlonat
<br /> named insured,with la�payable to the Lender.In case of toss under such poUciea,the Lender ia authodzerl to adjuat colteat and
<br /> compromise,a11 olaima fhereunder and ahell have the optlon ot applying aIi or psR ot the insurance proceedt►m to any indebtednesa �
<br /> � secured hereby end In such order as�ender may determine,(11�to the Trustor to be used for the repair br restoratlon of the P�operty
<br /> or(ili)for any other purposeorobject saUatactoey to Lender wKhout sf(ecting the Ifen of this Deed ot Trust tor the tuli amouM aeaured ��
<br /> . hereby betore suaFs payment ever took place.Any appllcnUon ot proceeds to indebtedness shall not extend or postpone the due �`���
<br /> date ot any payments under the Note.or cure any detau�t thereunder or hereunder.
<br /> 5. Fsarow.Upon wNtten demand by Lertder,T►uator shail pay to Lender,in suah manner as Lender may dealgnate,suffiaFent
<br /> � sums to enable len der to pay as they become due one or more ot the toitowing:(i)ail taxes,assessments and other charoea agalnet
<br /> � ' the P�operly,(ii)the premlums on the property insurance required hereunder.and(iiq the premlums on any mortgage inaurartee
<br /> , • required by Lender. °
<br /> • �'��f�,'�� 8. MslM�ntnc�,R�Irs and Compllanc�wttb l.�ws.Trustor shall keep the Property In good conditlon artd repair,ehatl
<br /> � . prompUy repai�.or reptace any improvement which may be damaged or deatroyed;shali not commit or permit any waate or
<br /> dete�ioratlon of the Propedy:ahalt not�move,demolish or substandally atter any of the improvemeMa on the Property;ahell not
<br /> commit,euHer or permk any act to be done in or upon the Properly in violatlon of any Iaw,ordinance.or reguladon;and ehatt pay and
<br /> promptly disaharge et Trustor's cost and expense ait Iiena,ertcumbrances and chargea tevtad.imposed or assessed againat t�e
<br /> � ', Property or any part thereof.
<br /> 7, Emirant pomin.Lender ia hereby assigned aIi compensatlon,awarda.damages and other payments or reliet(herefnatter
<br /> " ° °proceedB'�in conr�ecUon with condemnaUon or other ffiking of tha Prope�iy or part thereot,or for conveyance in 118u of condemne-
<br /> Uon.Lender shall be entided at its optlon to commence.appear in and prosecute In ita own name any acUon or proceedinga,and
<br /> shall ateo be enAded to make any compromise or settlement in connecUon with such ffiking or damage.ln the event any portlon of
<br /> the P�operiy fs so tskere or damaged.Lender shatl have the option.in ita sole and absotute discretion,to apply all such Proceeds,
<br /> .._.�.,�'��'��u��...iu......wn nwulnMhfMnmeenm�r�
<br /> ry- 81tBf d6tlqCUflg 418�61rom 8ii cosie and e�cpdn6v5 iTiuii�iv�.v��....w..��w..........,.a...................�C.�.�......�...�_.�..�...-°-- �
<br /> t` hereby And!n such order as Lertder may determine,or to apply ali such Proceeda,after such deductlons,to the restoreUOn ot the
<br /> Property upon suaP�condfllons as ts�der may dotermina Any appllcaUon ot�rocsad3 to fndcbtcdrtc�3ha11 not oxt�nd or po�t�soae
<br /> �. . the due date of any paymente under the Note.or cure any defautt thereunder or he�eunder.Any unapp�ied tunda ohati be pald to � �
<br /> Trustor. '
<br /> �` � 8. PMo��n¢�by L�ttdot.Upon the occurrence ot an Event of Detault hereunder,or it eny act is�aken or legat proceeding �
<br /> � commenced whfoh mateNally affect8 lender's intereat in the Property,Lertder may In its own discretion,but wfthout oblfgaUon to do I
<br /> so,artd without n�tice to or demand upon Trustor and without releasing Tn,�ator irom any obiigatlon,do eny act which Trustor has
<br /> ' e�reed but talls to do and may also do any oMer act it dsems necessary to protect the security hereof.T�ustor ahali,lmmedlately
<br /> �� � upon demand therefor by Lendar.paY to l.ender eil costs and expenses Incurred and sums expended by lender In connectlon wl�
<br /> � the exercise by lender ot the toregoing�ights.together with interest thereon at the defauit rete provided in the Ptote,which shatt be
<br /> ( added to the tndebtedneas seaured hereby. Lender ahall not incur any Ilablliry becauae ot anything It may do or omit to do
<br /> • hereunder.
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