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<br /> :: 2521 Stant�ybrouk Rd Grar�d � �hare►n"TraAtor,"whet�er ane or rrar�),
<br /> - ---s:r_:_s_..�;���� t;haa m:.lttnp cddrea l� ----•------ -
<br /> �� , Fivo Po _�£4�_0.
<br /> =;���"""'`: �.�� ti�e TruiUes, �pLl�.B�nk. n k Cornoration
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<br /> '�'�„�.:.�• -n,; p.0. Fiax 1507 C�r�nd Ieland� HE 68982 herotn"Tru�tis'�,and
<br /> -�;° � • .'%Fs�:�'� whase mallinp eddresa le �
<br /> .�-�.• � � ''' Five Pointe Benk ,
<br /> �,,, .rt , , :' the Benetictery,
<br /> ==' ' whose maltinp eddreaa la ��iS H. Ss�or�dvell Grand Ialand. F!8. 68902-15�17 ��herol�"Lende►'?. °-
<br /> � � �. FOR VALUABLE CONSiDEiiATION,Including Lender'e extenalon af credlt Identi8ed herein to
<br /> ` " Henay L GdoaAki (hereln"Borrower",whethe�ono or more)nnd tho truat herain crested,
<br /> i ,�� ' the recelpt of whtch is heroby acknowledged,Truator hAreby Irrevocably granto,lransiera,conveya and eselpns to Truetee,IN
<br /> —: TRUST,WITH POW�R OF SALE,for tha benetit and secsurlry n1 Lendar,under and aubJestto tha terms and conditiona hereinatler ae1
<br /> ' . forth,ti+.A real property,descrlbed as follpw • ,
<br /> __ Lot Ttienty-five l25). in Mee� Bel Ax� FiftA SubdivieAOn� in �he Cit� of Grar�d ____
<br /> ' : Ic�land, Hell Couoty, kebraeke.
<br /> , � Together with all buildings,improvements,ttx4ures,stroets,alleys,pussageways,easements,righta,privilegea and appurte-
<br /> � nancea(ocated thereon or in anywise pertaining thereto,end the�ente,issueo and proflte,reverelons and remalncters thereof,and
<br /> auch personal property that Is attached to the Impruvements so as to constitute e tixture,Includinfl,but not Iimfted to,headnp c►nd
<br /> _ cooling equipmen�end tof,�ether with the homestead or maritel Interests,(f any,which interestn ere hereby reteaaed end watved;nll
<br /> ' of whlch,including replacemonta and additions thereto,is hereby declered to be a part ot the real sstate eecured by tha Ifen oi thia
<br />— Dee�nf Trust and all of the toregofng befng retarred to hereln as the"Prope►t�".
<br /> Thi�Deed of Trust 3ha11 secure(a)the payment of the principal sum and intorest evidenced by a promissory note or credit
<br /> . agreement dated septo�ber 16th 1994 ,havinp e matur►ty date of Septe�ber 16tA 19J5
<br /> • In the original princlpal emount ot$ 12�5�880.00 ,end any and all modificatlons,extensions and renearala
<br /> thereof or thereto and any and alt futuro advances and readvnnces to Borrower(or eny ot them H mor�than one)heraunder
<br /> ' pursuent to one or more promlasory natea ar croci�i agreernente(hereln called"Nole'7;(b)Hie payment af c2her aums edvanced by
<br /> Lender to protect the securlty of the Note;(c)the per(ormance af all covenanta end agraements o1 Trustor sat foith herein;and(d)all
<br /> present and future indebtedness end obligatione o1 Borrower(or any of them if mare than one)to Lender whether direc�indir�ect,
<br /> ' absolute or conUngent and whethor arising by note,guaranry,overdrait or otherwlae.The Note,this Qeed oi 7rust and any end all _
<br /> other docuenta that socure the Note or oicherwise executed in connection therewith,lncluding without Iimitation gua�antees,security
<br /> agreements end asslgnnnents of leases end rents,shall be roterred to hereln as the"Loan Oocuments". -.,_
<br /> � ' Trustor covenants and agreea wlth Londer ae foilows: ,.ia,:
<br /> " t. Paym�n!M(ad�6trdn�ss.Ail Indebtedness secured hereby shall be pald when due. --- _
<br /> 2. TiN�.Truator is the owner of the Property,has tNo rlght and authority to convey tho Property,and warrante that the Ilen -
<br /> created hereby ie a tirst and prior Iien on the Property,except for Ilens and encumbrances set torth by Trustor In wr(tfnp end ��
<br /> ' delivered to Lender before executlon�f thia Deed of Trust,and the executlon end delfvery of thls Deed oi Truat doea notvlolate any �� -
<br /> contract or other obltgaUon to which Trustor is subJoct �4�"�
<br /> . 3. Taxa,Ass�s�manU.To pay before delinquoncy all taxes,epeclal assessmente and ali other charfles against the Property "`��,
<br /> ���--
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<br /> now or hereafter levled. �:.
<br /> � 4. Inturancs.To keep the Property Insared agalnet damage by flre,hazards includsd wtthln the term"extended coverage",and �'
<br /> such other hazerds es lender may�aquire,In amaunts and with companlos acceptable to�onder,neming Lender es an addlUonal �'��;•;'
<br /> �� � narned insured,with loss payable to the Landor.In cese o!Ioss under such policles,the Lender Is authoriied to adJusR collect and A:?`:
<br /> compromise,all clalma thereunder and shall have the option of applying all or part of the Insurence proceeds p)to any Indebtednass � �
<br /> secured hereby and In euch order as Lender may determine,(Il)to the Trustor to be use�:for the repair or restoretlon of the Proporty
<br /> ' , or(fiij for any oV►er purpose or obJect satfstactory to Lender without atfectlng the Iien of this Deed oi Trust tor the tull amount seCUred
<br /> " horeby betore such payment ever took plar.e.Any appllcation of procaeds to indobtedness shall not oxtend or postpone the due
<br /> � daEO of eny payments under the Note,or cure any default thereunder or heroundar.
<br /> 5. Fscrow.Upon written demand by Lender,Trustor shall pay to Lender,In euch manner as Lender may designate,sufficient
<br /> • sums to enable Lender to pay as they become due one or more ot the foliowing:(i)all taxas,c�ssessments�nd other charges egafnst
<br /> — tho Property,(fi)the premiums on the property insurance requfred hereunder,and(ill)the premiuma on any mvrtflage insuranCe
<br /> requlred by Lersder.
<br /> 6. Mr�lnt�nanc��iispalrs and Complitnc�wlth Laws.Trustor shall keep the Property in good conditlon and repalr,shall
<br /> F promptly repafr, or replace any Improvement whtch may ba damaged or de�troyed;shall nat commit or pormlt any waste or I
<br /> detsrlorn�on of the Proporty;shall not remove,demotish or aubstentlaliy oiter any of the improvaments on the Property:shall not •
<br /> comml�suiter or permit eny act to be dono In or upon the Proporty fn violation of any law,ordinance,or regulation;and shali pay and
<br /> - promptiy discharge at Trustor's cost and expanse ail Ilena,oncumbrances and charges levfed,imposed or easossed egalnat the �
<br /> � Properry or any part thoreof. i
<br /> ' • 7. Emin�nt Dom�{n.Lender is hereby assigned all componcation,ewarda.damages and other payment�or reltef(herelnafter �
<br /> � "Proceeds"►In connecUon wlth condemnatlon or other teking of!ho Propertyr or part thereof,or for canvaynnce In Ileu ot condemna- I
<br /> —' . tion.Lendar shall be entlUed at Its option to commence,appear fn artd pro3ecute In its own name any acUon or procaedinge,end ;
<br /> ; _ __ _ ___ _ ___ shall elso be onUU�sd to make any compromise or settlomont In connection with auch taking or damago.In the evont any portlon of I
<br /> - . . . .. . . . . � .. ... _ •_ �__�..����..��f1�����J� ..
<br /> . _ _:..:._- _._ .
<br /> f the Property ts so teken or aamagea,Lenaer anaa nave me opnon,�n�ts soie ana avsotuta macranvn,tv a►qiry au oua.��r�wwao. �- -
<br /> , after doductlng therefrom oll coste and expenses fncurred by It In connection with such Proceeds,upon eny indebtedness securad '
<br /> � hereby und In such order as Londer may determine,or to apply all auch Proceeds,after such doductions,to th�rostoredon of the
<br /> - � Property upon auch condiUons as Lender may determino.Any appllcatlon of Procaods to Indobtadnsss shali nat extend or postpone
<br /> � , the due date of any payments under the Note,or cure any default thereunder or har�under.Any unappBed tunds shal!be�,aid to
<br /> �� Trustor.
<br /> �� 8. P�rtormanc�by l.end�r.Upan tho occurrence of nn Event af Default hereundor,or if any act is teken or logal proctteding
<br /> �f? commonCed whtch materiully etiocls Lendsr's interes4ln the Property,Lender may In its own dfscretlon,but without obitg�tton to do
<br /> �.►. so,and without notica to or demand upon Trustor und without retensing Trustor(rom eny obllgntion,do any act whlch Trustor has
<br /> _ � agreed but lail�to do and may ol3o do any other act it deems nocessary to prntect the securiry horoof.Trustor shall,fmmedfately
<br /> --- upon demand there?or by Lender,pay ta Lendor nll costs and expensos incurred and sums expnndod by Lender fn connecUon with
<br /> � the exerci8e by Lender of the foregolnp rights,togother with Intereot tAeroon at tl�e default rote provfdod In the Note,wh►ch shail be
<br /> added to the Indebtedness eecured horoby. Londar shall not Incur eny Ilability because o!anything it may do or omft lo do
<br /> „ " hereunder.
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