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<br /> THIS DE�D OF TRU3T,im m�do ao ot tho��'t� day o1._.._- .,_'uP• _ __ , 10��by and uino�p
<br /> ry
<br /> � th�Truotor, Dnrr�ll C 12undolnh 6 piano Itay It•�ndolph , huo�and ond viYo � , �
<br /> 10b6 a hluca Bt Grnnd Ialond No GQ801-a029
<br /> whose mallinfl adc3rooa lo � ----•—-- Ihoroln"Truutor,"�vhothor�no or moro),
<br /> �;
<br /> Ihe Truatoe, f Sve Pointa qenk, a Nobraako Carporation � , .
<br /> P.O. �ox 1=07 Grand Iolond, NE 68802 �horeln"Truetee"),and ��
<br /> who&e mBNinfl addrosa ie �•
<br /> the Boneliclary,
<br /> Five Pointe Bank , �,
<br /> whoso mafling addroes is 2015 ta. Broaduell Grend Iolend, NE. 68802-1507 ���oreln"Lender'1. '
<br /> Derrell E Rondolph .
<br /> FOR VALUABLE CONSIDERATION,including Lender's extensfon of credit Identffied hereln to
<br /> b Diane Kay Randal ph (horefn"Borrower",whether one or moro) and the truat herein cre84sd,
<br /> the receipt of which Is horeby acknowledged,Truotor hereby Irravocably grants,transfero,conveys end asslgns to Trustee, IM -�
<br /> TRUST,WIT�i POWER OF 3ALE,(or the benetlt and securfty of Lender,under and subJoctto the terma and conditlona hereinaf[er set - -.
<br /> lorth th�real�rYp3�rty,�es�ribed es�pl��r�• y y �
<br /> Lot 'fhre , n eraon u 'vision to thr Cit of Grend Ia�and. Hall Count ,
<br /> Nebraeka.
<br /> Together with all buildings,irnprovements,fixturea,stroets,alleys,passagevrays,eassments,rights,privileges and appurte- '
<br /> � nances located thereon or In anywise pertainfng thereto,and the rents,issues and proffts, revorsions end remafnders thereol,and
<br /> such personal property thet is attached to the fmproverr�onts so as to constitute a fixture,f ncluding, but nat Ilmlied to,hea:ing and .. : .
<br /> cooling equlpmenh,end together with Ihe homestead or marital interests,if any,which interests are hereby released end waived;all , .
<br /> of wh ich,f ncluding replacements and additions thereto,is hereby declared to be e part ot the real estete secured by tho Ilen o}this •
<br /> Deed of Trust and all of the foregoing being referred to herein as the"Property".
<br /> � �. This Deed of Trust shall secure(a) the payment of the principal sum and Intereat evidenced by a promlasory note or credR ;,
<br /> � September 26th 1994 ,hevin a maturf date of uc'toner iai. Zv��Y �---_=.:-"`-_---
<br /> agreement dated _ g � ' l��.; ; �
<br /> • 7,795.98 �;'•
<br /> in the original principal Amount of$ ,and any and all rnodlficatians,exteneions and renewals F. ,
<br /> thereof or thereto and any and ell tuture advances and readvances to Borrower (or any of tham If more than one)hereunder
<br /> pursuant to one or more promissory notes or credit agreements(herein callod"NOte");(b)the payment of other sums advenced by
<br /> Lender to protect the security of the Note;(c)the performance of ali covenants and agreements olTrust�r set forth herein;and(d)ell
<br /> present and future indebtedness end obllgatfons ot Borrower(or any of them if more than on�)to Lender whether dlrect,Indirec�
<br /> absolute or contingent and whether arising by note,guarenty,overdraft or otherwiae.The Note,this Deed of Trust and any and all
<br /> other docuent�that securetha Note or otherwise executed in connection therewith,fncluding without Ilmitation guarantees,security j.
<br /> agreements and assignments ot loases end rents,shall be reterred to herein as the"Loan Documents". ;
<br /> Trustor covenants and egrees with Lender as followa: , �
<br /> 1.Paymsnt o4 Indebtednass.All indebtednesa secured hereby shall be paid when due. •
<br /> 2.Titl�.Trustor is the owner ot tho Property,has the right and quthority to convey the Properry,and warrents that the Ilon �
<br /> created hereby is a first end prfor Ilen on the Property,except for Ifens and encumbrances set forth by Trustor in writing end
<br /> delivored to Lender before executlon of thla Deed of Trus�and the execution and delivery ol th is Deed of Trust does not violate eny .
<br /> contract or other obllgation to which Trustor la subJect �
<br /> 3.Taxe�,Assessment�.To pay before delinquency all taxes,:pecial assessments and a11 othor charges against the Property
<br /> now or hereafter levied.
<br /> 4.Insurance.To keep the Praperty Insured against damage by fire,hezerds included withi n the torm"extanded coverage',and
<br /> such other hezarda es Lender may require,in amounts and with companfes acceptable to Londer,naming Lender as an additional
<br /> named Insured,with loss payable to the Lender.In case of loss under such policfes,the Lender is authorized to adjust,collect and
<br /> compromise,all clafms thereunder and shall have the option of applying all or part of the insurence proceeds(i)to eny indebtedness
<br /> secured hereby and in such order as Lender may determine,(ii)to the Trustor tq be used for Ih e repafr or reatoration ot the Properry
<br /> ur(ii i)tor any other purpose or ob�ect satiefaCtory to Lender without aHecting the lien of this Deed ot Trust for the tull amount secured
<br /> horeby before such payment ever took place.Any application of proceeds to indebtedness shall not extend or postpone the due
<br /> date of any paymento under the Note,or cura any dofault thereunder or hereunder.
<br /> 5.Eacrow.l:pon written demand by Lender,Trustor shall pay to Lender,!.^.aach manner as Lender may designate,suNiclent
<br /> sums to enabie Lender to pay as they bocome due one or more of the following:(i)all taxes,assessments and other charges against
<br /> the Proporty.(il)the premiums on the property insurance required hereunder,and(iif)the premlurns on any mortgpge insurance
<br /> required by Lender.
<br /> 6.Malntenence, Repairs ond Complience wlth Lawa.Trustor shall keop�he Property In good condition and repair; shall
<br /> prornptly repair, or replace any improvement which may be damaged or destroyed; sNell not commit or permit any weste or
<br /> deterioration of the Property;shall not remove,demolish or substantfally alter any o1 the improve�nonts on the Property; shall not
<br /> commit,suHer or permit any act to bo done in or upon thv Property in violation of any law.ord�n ance. or regulation:and shall pay and
<br /> proRnptly d�schargo ai Truator's eost and expense all lions,encumbronces and charges Ipveed,�mposed or assessed against the
<br /> Properry or any part thereof.
<br /> 7.Eminent Domain.Lender is hereby assigned all compensation,ewards,damages end other peyments or reliet(herelnafter
<br /> "Proceads")in connection with condemnetion or other taking of the Properry or part thereol,or for conveyance in Ifeu of condemna-
<br /> tion.Lender shall bo entitled at its option to commonce,appear in end prosecute in its own name any action or proceedings,and
<br /> shall elso be entitled to make any compromisv or settlement in connection with such taking or damage.In tha avent any portion of _
<br /> _...��s.....�..�..Atew.e�:nn f..nnnlu oll e��rh Preir.aaAA
<br /> � the Property Is so tatcen or demaged,�endor snaii i�avd ii�&OyiiOi�,ii��io o'v o a.��a..o......�.-....•..-...••..--rrv-°--- ---- -
<br /> aftor deducting therofrom all c�sts and expenses fncurred by ft in connection with such Proceeds,upon any indebtedness socured
<br /> hereby and in such arder as Lender mey dotormino,or to apply all such Procoeds,after such deduCllons,to the restoration of the
<br /> Property upon such conditions es Lender may determino.Any application oi Proceeds to indebtednes9 shall not extend or postpone
<br /> the due date of eny payments under the Nole,or curo any default thoreundcr or hereunder Any unepplfed funds shall be paid to
<br /> • Trustar.
<br /> • 8. Padormance by Lend�r.Upon tho occurrence of an Event of Dafault hereunder,or if any act is taken or legal proceeding
<br /> commencod which materialiy affecte Londer's fnterost in thv Property,Lender may in Its own disCrotion,but without oblig�tion to do
<br /> � so, rsnd without notice to or demand upon Trustor end without releasinp Trustor Irom any obligation,do any act�vhich Tru3tor has
<br /> ' agre6d but taiis to do and may elso do any other act it deems necessary to protoct the security hereol.Trustor shell,immedialoly
<br /> upon demend thoretor by Lander,pny to Lender all costs and expensos incurrod and sums expended by Lender in connection with
<br /> the oxerclso by Lsnder of the tcregofng rights,together with interest thereon at the del8ult ra4e provided in the Note,which shell be
<br /> added to the indobtedness seCUrod heroby. Londer shall not inCUr any Iiability bocause ol anything it rnay do or omit to do
<br /> horoundor. :
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