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<br /> ' r' the T�uttea, ._. Fi�a pointa Bank. o N��h�rac,�4SR �prSorAtion --�
<br /> � . . . P.U. pox 15417 Gr�nd Inl:.�nd� tiG f��802 �1�� '�'c �.:
<br /> � � whase msliing addre�e le �.�— (hereln"Truateo"►,�nd „��?,�-_
<br /> , i. .`r �;ks yi��.,
<br /> '''� '' thn ti�mePlclery. Fi.vc� Point� d.�nk _ � ;,' �, .,r;�
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<br /> _ whose mallinp addreae le 2015 H. Brnodee�l Grand Iabc�nd, NG. 68802-1507 (hereln"Lendor"), � ����-����---_
<br /> ' � `:'�,S.SG::'2..,r.
<br />-��'<' Timothy N John�on • '-+.:°Y=��
<br /> � � .� FOR VAWABLE CONSIDERATION,Inciuding Lendor's oxtenslon of credlt Identliled hereln to_ , � �'�'
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<br /> ' 6 KABEN 11 JOHNSON (horeln"eorrowor",whother onA or more)and the trust hereln creatod, � ' � . . �`�,
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<br /> the recetpt of whlch la hereby scltnowledged,Trustor heroby Irrevocably grants,trenstere,convey9 and asalgna to Yruetee,IN :.'-�� --
<br />- � TRUST,WITH POWER OF SALE,for the benetit and securiry of Lender,under and sub�ect to the terme and conditiona herelr�after set '�.,
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<br />- : " . r��,thdh�',��9�er�rL��grl���ejo�lowe.COLOtaIAL ESTATES 2tdD SUBQIYISIQH TO THE CITY OF .. '��"�•~-
<br /> , . GftAHD ISLAND, NALL COUNTY. NEBRASKA. �' ' -
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<br /> ' l'opether with alt bulldings,improvements,fixtureo,streets,alteys,passapeways,easemente,rights,privileges end appurte- . .. i:r.,.r:�:�
<br /> . nances located thereon or In anywise partaining thereto,and xhe renta,Issues and profite,reverslona and remalndere theraof,and �_,��: -
<br /> -• euch personal property that la attacherl to the Improvemente eo ae to conatituto a fixture,Including,but not Iimited to,he9ting and ;r�,- __
<br /> caoling equlpmenx and toAethor with tho homestead or marltal interests,It eny,which Interosts aro horeby released and�valved;all �Y•.. `�
<br /> of which,Including replacements and additlons thereto,Is hereby declared to be a part of the real estato secured by the Ilen of thie >� � �__
<br /> Deed of Truat end all of the toiegoing being referred to hereln as the"Property". , =
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<br /> Thls Deed of Trust shall secure(a)the payrnent ot tho princlpal stim r�nd interest evldenced by a promimsory noto or credit � �� a .�
<br /> 5eptembes 6th 1994 hevin a maturi dato of Decenber 5tp lyy9 , � �
<br /> agreement datsd � ti �'
<br /> �
<br /> � In the ortglnal principal amount of$ 15,020.�0 ,and any and all modiiicntlons,extenslons and renewals �'''�`
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<br /> thereo}or thereto and an and all luture fldvances and readvanaes to Borrower(or eny of them If more than one)herounder �;�
<br /> pursuant to one ar more promissory notes or credit agreements(hereln cailed"Note");(b)the payment of other sums advanced by �, !�^�� `
<br /> Lender to protect the aeaurity oi the Note;(c)the performanco of all covenants and agraements of Trustor set 4orth hereln;and(d)all i �'
<br /> a.� '
<br /> present and future indebtednesa and obllgetfone of Borrower(or any oi them If moro than one)to Lender whether direct,Indireat, �¢
<br /> absolute or contingent end whether arising by nota,guaranty,overdratt ar otherwi3e.The hote,this Deed of Trust end any end all ,
<br /> other dacuenta that aecure the Note or otherwlse executed In connection therewith,includtng without Ilmitation guarantoes,aecurity �� :�;' �
<br /> •;1;' agraemante nnd esstgnments of leuses and rents,shell be referred to herein as the"LOan Documents". ,. ,,;�
<br /> • Trustor covenante nnd agree�with Lender as follows: '
<br /> 1. Paym�nt M Indebl�dn�sf.All indebtedness secured hereby eheil be puld when due. .'d,`q
<br /> ' 2. Titi�.Trustor is the owner o1 the Proporty,has the right and authoriry to convey the Property,and warrants that the Ilen • ., �-
<br /> ' . created hereby Is a flrst and prlor Ilen on the Property,except for Ilena and encumbrences set forth by Trustor in writing end ,.' , �; 1�� T,,,__
<br /> . delivered to Lender batore execution ot this Deed oi Trust,and the executlon and deilvery ai this Oeed of Truat does not vfolate eny . , , ��,��� ,_�ti
<br /> � contract or other obUgatlon to which Truator Is sub}ect . ���� ��
<br /> ' � 3. t�xa.Auss�m�nt�.To pay before delinquency all taxes,speclal essosaments and all other charges egeinst tho Property , • �,�fe-`
<br /> now or hereafter levled. . ' i.;•�"
<br /> 4. (oturana�.To koep the Property insured egalnat damage by flro,hazarda Included withln the term"oxtended coverage",and „
<br /> • such other hastirda ae Lendar may requlre,In amounts and with companles acoeptablo to Lender,naming Lender as en addltfonal • �?
<br /> ' �. named inaured,with loss payable to the Londer.In case of lo3s undsr such policies,the Lender is authorized to adJust,collect and � . ��
<br /> � compromise,all clvims thereunder end shali have the optlon oi applying all or pa�t of the Inaurance proceeds(q to any Indebtedness • ., •- t'
<br /> secured hereby and in such order ae Lender may determine,(li)to the 7ruetor to be used for the repalr or restoratlon of the Property I ,� . �`�� �.1y.
<br /> or(f ii)tor any other purposo or ob�dct aatistactory to Lender without aiiecting the Ilen of this Deod ot Truat tor the tull amount ae�ured
<br />, hereby betore auch payment evor took place.Any application of proceeds to Indebtedness ahall not oxtend or postpone tho due ..
<br /> date of any payments under the Note.or cure any default thereunder or hereunder. �
<br /> 5. Escrow.Upon written demand by Lender,Trustor ahatl pay to Lender,in such manner as Lender may deslgnate,sutti�lent �
<br /> ° aums 4o enable Lendor to pay as they become due one or more of the following:(f)all taxea,asseasments and ot�er chnrges agalnst . , �
<br /> � ' the PropoRy,(II)the p�emiums on the property Insurence reyulrod hereunder,and(Ill)the premfums on eny martgage Insurance ,
<br />- �� rsqulred by Lender.
<br /> � � 8. fN�intenanc�,R�paln and Compfitnce with Lewi.Trustor shail koep the Property In good condltlon nnd repalr; shall
<br /> � �romptly repalr,or replaca any improvement which msy bo dameged or dostroyad; shali not commit or permit any wasto or .
<br /> � detorloratlon of thA Properiy;shall not remove,domollsh or eubstantlally alter any ot the Improvements on the Property;shall not i
<br /> commit,sufter or permit eny act to be done In or upon the Property i n vlolation oi any law,ordinance,or regulatlon;and shall pey end �
<br /> , " proanptfy dischergo et Truator's cost and expense all Ilens,encumbrences and charges Ievied,imposad or assessed agalnst tho
<br /> Property or any part theroof.
<br /> t „ " T. Emin�nt Dom�in.Lender is hereby assigned all compensatlon,awurde,damages and other paymonts or rallef(herelnefter ,
<br /> ' "Proceade")In cennt�ction wlth condemnatlon or other tekinp ottho Property or pan thereof,or(or convc�yance In Ilou of condemna-
<br /> tion.Lertder shall be ontttled at Its optlon to commence,eppear In and prosecute In Its own neme eny ection o►procoedinga,and
<br /> h ehall etao be entltled to meke any Compromloe or settlement in connectfon with euch teking or damsge.In tho ovent nny portlon ot I,
<br /> --- _-- .. _ . . . . .- -- ,-—-_-� •--�---.._�,�_.�.,._,...u.... �..,.....�e e...�o�..���m dmr�rotlnn tA HODIV flII 3llC�1 PfOC8�8. l —._. _..__. ..
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<br /> � - — ma Yroperry�s ao[aRen vt ve�naycm. �a��vo�o�w�.��w.o..o..r.�....�,.........�......----.----•--•-_-.-• -
<br /> �. �� . ofterdeduatinp lheretrom ell coats and exponaea Incurrod by ft In connection v�ith such Procoods,upon any Indabtedness secured , �
<br /> � heraby and In ouch ordor ue Londor mny dotormino,or to apply al I auch Praceoda,atter such doductinna,ta tho rostoratlon ot the
<br /> Property�pon auch conditlons a�Lender may determine.Any appllcatlon of Proceods to Indebtodnuss shnll not ox�and or postpond
<br /> the due date o}any paymente under the Note,or curo any dofault thereundor or hereunder.Any unppplled lunds ahnli be pald to
<br /> • Trustor.
<br /> � 6. P�rtorm�nc�by L�nder.Upon Ihe occurrence of an Event of Defeult horoundor,or If any uct IB tahen or logel proceeding
<br /> commenced whiCh matertelly aNeots Londer'p interAat In the Property,Lender may In ite own dlacrotion,but wfthout obllg�tlon to do
<br /> so,end without notice to or demand upon Trustor end wlthout rolonaing Tru3tor trom any obligatlon,do uny act whlch Trustor has
<br /> ,� opreed but falls to do nnd may alr3o do any othar nct It deema nocossory to protect the security he�soi.Trustor ahell,Immediatoly
<br /> upon dsmand tharefor isy Lend»r,pey to Lander all costa und a�penaes Incurred and uume oxpondod by Londor In connt�tion with .
<br /> the oxerclse by Londor of 3he torepoing riphts,togother with fn'sro�t thoroon at the default rato provided In tho Noto,which ahall be
<br /> ^ � added ta the Indebtednoss secured Na�eby. Lender shell not Incur ony Iiabllity b�cuuse of anything ft may do or omlt to do
<br /> •� hereunder.
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