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<br /> - r�,_ �Gth ��p• >1g '���' ,by.ond Amanfl --
<br /> -'�-°'=�•• -•��� THfS D�E�aF THUST,!s mada�a af t�e_._--day o1 --�--- --
<br />- 'r:,i.°:;.,�:.,,�,=�� d K Pfeifer , hueband and e�.f�
<br /> ---- -- the Truator,.—��n���'�k��s i Gf.n Y — -----�•�
<br /> 1520 P� ���a�r �t firand I�ela►tid !Ia GAf3Vi�-3�3�
<br /> � � (liareln"Tr��ptnr;'wJ��thsr bna or more),
<br /> ._,IXLL1�1=_�R��i� whoae maiiing adcireee la_ ..�.....�, ._...__ --- -
<br />->��`"��: . the tivatae, . FivQ Pninto 6ank. ■ HsDraNke �orpor��ian __,_,_____,__,__ ,
<br />- ,.' . , ;� �` P.0. Box 1507 Grand I�land, H� 6B8W2
<br /> =��::.,i,�;•` � , ._._..__.__ IhN�Nn"Trurtsd')�und
<br />_ :t,: r',,. :;,;- , whoae malen�addtew fa_.�..�.,--.
<br />;_ '.-,�- th�Bertelicfery, Fi�• Poin�s B�Rk � __ ._._,
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<br />_ .���'.. "'��: �'sm''� whoH mallinp eddrea�la x�l� �• aro�drrril G,^a�d Ic3and� HB. 69802-�5A7 ����n"L�ndtr"►, °
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<br /> • � FOFl VALUABLE CONSIDERATION,Including Lender'e dxtonelan o1 crodlt Idontltied herein to_.� --
<br /> � _ 6 Cindy K Pfei��r ���herein"Borrower",whethar one or more)and the trwt hereln cre�ted,
<br /> ' � �+� the recelpt o}whtah i�P�ereby acknowlerf�ed.Truator h�reby Irrevocebly grente,transtere,r.onveya and eail�ns to Tru�tss, I�!
<br /> � �'"�,�,5°� TFiUST.WITHPaWERQ�FSALE,torthebenetitandaecuritye!l.ender,u�derandaubJecitothetermsandcor�diqonahereinafarset
<br />_ o .. �O ��t% Poai TO '� �"���j1�H6�O��I�Yd� a .
<br />- �q ��le� ���`�n � en a es SuDdivieion Hur�ber Oze, D�all County i?_hxee!sa,
<br /> � b�fng a part of tRe SoutQ�eaet f�t�arter pf the Hostheaet Guerter t5�1/4IIBi/4)and
<br /> a psrt of the Narth Helff of thQ p�artheaet Ouarter oi tlie Southeast onarter
<br /> � RangeNNineSE914Neet10fntAe�6thrPTh�irt�nnHall��ountyehH�brasisen �31) Horth�
<br />' 7ogether with ali bulldinga,improvemente,fixtures,streets,alteys,passageways,easoments,righte,privileges and appurte-
<br /> ' nances loaated therecn or In enywlse pertalning thereto,and the rente,Issuea and protits,�everalons and remalndors thereo},gnA
<br /> „ such pereonal proparty that la attached to the lmprovements so as to conatttute a flxture,inctuding,but not Iimlted 2a,�neaUnp end
<br /> ��� � cooling equlpment;and together with the horne�tead or maritel Intereste,If any,which Interesta are horeby released an�waived;nll
<br /> of which,Is�cluding replacements and additions thereto,Is I�areby declared to be a part of the real estate secured by the Ilen ot thla
<br /> Deed of Trust and all of ihe foregoing being referr�d to herein a8 the"Property". __
<br /> T611s Daed o7 Truat shall secure (a)the payment of the principel s�m and Interest evidenced by e promlesory �ote or credit
<br /> ' 5epte�nber 26th 1994 Qotober let z�os
<br /> agreement detod ,having a maturtty date of �
<br /> 175,000.00 ,end sn and all modificatlona,extenslons and renewal� _
<br /> .. In the orlglnal principal amount ot$— y —
<br /> thoreof or thereto and any and all future advences and readvancos to Borrower(or any o}them If more than one�hereunder �_.
<br /> �:�:�; pursuant to one or more promlasory�otes or cred(t egreementa(hereln called"Note");(b)tho payment of other eum9 advanced by
<br /> • Lender to proteat the escurtry of the No4e;(c)the pertormunce of all covenents end agreements oi Trustor set torih hereln;and(d)sll
<br /> presont and future indabtedness and obligations of Borrower(or any af them If more tha�one)to Lender whether dlrect,indirect,
<br /> ebsolute or continqent and whether arlsing by note,gusranty,ovordraft or otherwise.The Note,this Deed of Truat and eny end ell �.
<br /> nther docuents that sacure the Note or otherwise exacuted In connection thorewith,Including without Ilmltatlon guarantees,security �,_
<br /> � agreementa end asalgnmQnts of leases and rente,shall be referred to hereln as the"Loan Documents". �;__
<br /> Trustor covenants and egrees with Lender as follows: ���>
<br /> �• 1. Paym�n!01 Ind�badn�s�.All Indebtednass securod hereby shall be pafd when due. ""''"
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<br /> 2. TiN�.Trustor Is the owner of the Property, has the right and suthority to convey the Proporiy,and werrants that the ilen �u_
<br /> created hereby Is a tlrst and prlor Ilen on the Property,excopt tor Ilena and encumbrances set forth by Truator in wrfting and ��
<br /> dellvored to Lendor before executlon of thla Deed of Trust,and the executlon and delivery ot thfe Desd of Trust does not violat9 any _�
<br /> �• contrqct or other obllgaUon to which Truetor is aubJoct -
<br /> 3. T�xts,A�sn�m�nb.To pay before delinquency all taxes,speclal asseasmenta and all other chargea agair�at the Proporty
<br /> ' now or hereafter levled. �'� '
<br /> 4. In�urans�.To keep the Property Ineured agalnat damage by fire,hazarda Included wlthin the term"extanded coverage",end
<br /> '" sucl�othor ha�rds as l.endor may roquire,In amounts and wlth com�antes acceptnble to Londer,naming Londer as en addltional
<br /> named lnsured,wfth loss payable to the Lender.In case of losa under such pollcfes,the Lender le authorized to adjuat,collect end
<br /> �";:: comp�omloe,ail cialms therounder and shail have the optlon of applying ali o�part of the Insurance proceeds(i)to any Indebtedness _
<br /> secured horeby and In such order as Lender may determine,(It)to the Trustor to be used for the repair or restoration of the PropoRy
<br /> or(ffl)for any other purpose or obJect eatiatactory to Lender without aHectfng the Ilen of this Deed of Truat for the tuil amount Recured
<br /> hereby bofore such payrnent ever took place.Any epplicatlon of proceeds to Indebtadness shall not extend ar po�tpone tlie duo
<br /> ' date of any payments under the Note,or cure any detault thereundor or hereunder. .
<br /> 5. Escrow.Upon written demand by Lender,Trustor shall pay to Lender,In ouch manner as Lender may deslgnete,sufficient
<br />" s�ms to enable Lender to pay na they become due one or more of the following:(I)all taxes,aese�sments and other charges agalnst
<br /> the Property,(II)the premlums on tho property Insurance required hereunder,and(III)the premlums on any mortgage Inaurance
<br /> - requlred by Lender.
<br /> 6.Melntenance, R�pain end Compilan�c�with Lew�.Truator shall keop the Proporty in good condition ae�d repalr;shali
<br /> ' promptiy repafr, or roplaco eny Improvement which may be damaged or destroyed; shall not commit or permit any wasto or
<br /> � � deterioration of tho Prop9riy;ahall not romovo,demolish or aubstantielly alter uny ot the Improvements on the PropeKy;ehall not
<br /> commit,aufter or permit any nct to ba done In or upon tho Property In vfolatlon of any law,ordlnance,or roAulaUon;and ahall pay and
<br /> ' promptly dlschEtrge at Truator'o cost and expsnEe all Ilene,encumbrances and charges levied,Imposed or assessod againat lhe
<br /> Property or eny part thoreot
<br /> 7.Eminent Oomaln.Lender Is hereby asslgned all compeneatfon,c►w�rda,damaguo end othor paymente or raliof(hereinafter
<br /> "Proceeda")in connecUon with candemnetlon or other takinp of the Property or pa►t thereof,or fcr conveyance In Ileu of condomna-
<br /> � tion.Lendor shali be enUtied at Ite optlon to commenCe,appear in and prosecute in its own name any actlon or proceedirtgs,end
<br /> - -_ anau nisn hn enUtled tn make anv compromise or settlement In connecdon with such takMg or damage.!n the evont any portlon of I
<br /> . . . . .. .. . .• _�� _..��Is����.�� �
<br /> . ___.__-�:_.-�- ...._._. _ _
<br /> �D tho Property Is eo teken or damepsd,Londor ehnii have the optlOn,IIi Itg BOlO OIIQ 8D9otut0 macreavn,co eppry mi auun r�wvovo,
<br /> •� attor deducting there4�om ail coats end expenees Incurrod by It In connoctlon with such Proceoda,upon eny Indebtedneas securod
<br /> � hereby and in ouch order ae Lender may determino,or to Apply eli auch Proceeds,atter such deductlona,to the re3toratlon ot tho
<br /> Proparty upon ouch conditfons es Lender may dstermine.Any application oT Procoeds to indebtednass ahell not extend or postpone
<br /> � the duo da4e of any paymente under the Note,or cure any dofeult thereundar or herounder.Any unapplled funda ehall be pald to
<br /> ± Trustor.
<br /> ;� � �.P�dmrmsnce by Lendor.Upon tho occurronco ot an Event of Default horeundor.or Ii any act la taken or legol proceeding
<br /> commonced which materiolly allonts Lender'o Interest In the Property.Lender mny In Ite own discretfon,but without abllgatlon to do
<br /> � so,and wlthout notice to or demand upon Truetor and without relea.sing Truator from any obllgation,do any nct whlch Trustor has
<br /> " apread but falls to do end may also do eny other act It deems necessary to protect tho security heroot.7rustor ohnll,Immodiately
<br /> } upon demand therafor by Lender,pay to Lendor all costo end oxpenses incurrod and euma exponded by Lender In connectlon wtth I
<br /> � tho exercfse by Lender of the iorogofng rlghts,together wlth Intoreat theraon et tho deiault rato providod In the Note,whlch shall bd �
<br /> add�d to tho Indebtednass securod horeby. Lender shali not Incur nny ilabllfty because of anything it may do or omtt to do
<br /> t horeunder. �
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