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<br /> „ THIS OEE[�OF TRUST,le mado ns o1 tho dny of� - Y 9 ___�
<br /> • the 7ruetor, �nGSEPl1 �RIAea FFRGU50t! b CA i HEI3It1E M PERGU�OP� � hUfJbOR(� �nd eS.�� � �Y��-,--
<br /> ' 2422 W Lar��r Ave (3rand Ialand Ne 60803-623�
<br /> • ���9�oso mallinp edd►esa In (horoln"YrusYor;'wh�lhor ono or moro�. �:,=„_;�;:_-: _
<br /> �-----
<br /> " „ the Truetee, F�ve Pointe Bunk, a Nebraaka Corporation Y =
<br /> P.D. Dox 15fl7 Granr! Iolond� H� 6fI802 �� --
<br /> - whose maillnp addres9 la - (k�eroln"Truntem"),end -- -
<br /> Five Nolnte Benk
<br /> " . • , tr�e BenAllclery, ' --
<br /> whoso malll�g address Ia z015 H. 8roadvell Grand Ielend. HE. 68AQ12-1507 (heroln"Lsndsr"►. c�^°= --
<br /> JO�SEPH BRIAH FERGUSOA
<br /> �' FOR VALUABLE CON5IDEAA710N,Inctudinp Lencter's oxtenslon ot credit Identliled hareln to — -_ -- - -
<br /> ���.
<br />- & CATNERING H FERGUSOta �- —
<br /> . (heroln �'Borrower",whether one or more)and the huat hQreln oreatAd, __ —
<br /> " the receipt of whlCh Is hereby acknowledged,Trustor hereby Irrevocably grante,trenote�ra,cunveys and asslgna to Truatee,IN
<br /> TRUST,WITH POWER OF 3A'LE,for tho beneilt and security of Londer,under and subJect to the terms and condltiona herelnafter aet
<br /> . ;::-::r1,., , fo�ti�1�S°�ERe����e��.;io1�I' OF iI.QT FOURTEGN t14), AND TNE NESTGRLY FIFTY- _ __
<br />= � ` '.'�'� NINE AHD TWEHTY�OKE HUNDREDTHS 159.21) FEET OF LOT FIFTEEH �15). ZH BLOCM tifiE °- -�
<br /> «�':'�� (1), IH BFL-AIR ADDITIOH 1'0 THE CITY QF C,RAHD ISLAND. NALL COUNTY, HEDRASRA. ��
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<br /> '� ' YogeEher with all bulidings, improvo�neMa,fixturea,atreets,t�lleys,pII88898WA}/8,aasemenis, rights,prlvlle9e�and�ppurte- .c �r�.��,
<br /> :;;;��,.,c�'�• nances locfltod theroon or in enywlso pertalning thereto,end the ranb,issues and profitn,reveralons and rernalt+tlore thareof,and �,�,��;"'
<br /> such personal propnrt�thnt Is attached to the improvarnenta so ae to constitute a flnturo,lnciuding,but not 1lmftod to,heating and ,;;___
<br /> cooling equipmon�and togAther with the homestead or marital intereats,It any,which Inieresie are hereby raleaserl and walved;all fl;,l,�-°
<br /> of which,including replacemente and addlt:ons thereto,la heroby declared to ba a part of the real estato securod by the Ilen oi thia __
<br /> � Qeed of Trust and all of the toregoing being reterred to herein aA tha"Properry". -_
<br /> This Deed of 7rust shail secure (a)the payment ot the principat sum end Intoreut evidencod by e promissory note or credit f3_,
<br /> :: �
<br /> _ -=---=- }�
<br />• � � September 24th 1994 ucLOOer ini I3�o ,...�, "'�`�
<br /> agreemant dated ,heving a maturiry date of � • •,�
<br /> ..,. ,.,.
<br /> In the origlnal princlpal amount of� 12,015. 00 ,and any and all modlficatlone,oxtonalone and renewals ' �`� '.��,��
<br /> tharec�t nr thareto end any and all future advances and readvancas to Borrower(or sny of them II moro than one) heraunder :>
<br /> pureuant to one ar more promis�ory notas or crodit egreemente(hereln calted"Note");(b)tha payment of other eums advenced by "'
<br /> Lender tc protect the aecuriry of the Note;(c)the performance of nl I covenanta and epreomants oi Truator eet forth hereln;and(d)e!I "'�
<br /> present and future Indobtedness end obllpatlone of Borrower(or any of thom if more then one)to Lender whether diroct,indireot, '�,;�
<br /> ebaolute or continpent ancl whether arleing by note,pueranty,overdraft or otherwlae.The Note,this Deed of Truat and any end all . ,
<br /> � other docuents thet eecu►e the Note or otherwlse executed In connectlan therowlth,Including without Ilmitatlon guaruntaos,socurl4y *:��;,,..�
<br /> • agreemente end aaatgnmente of lensea and rents, shall be referred to hereln as the"Loan Documenta". •• ,s;.
<br /> Trustor covonente end egree�with Lender es toliowa: -�� .
<br /> 1. P�ym�nt o1 Ind�bt�dn�ss.All Ind9btednosa socured hereby shali be pald whon due. ��.`'�{�' `
<br /> ' 2. TIHo.Trustor le the owner of the Property,hea the right and[tuthorlty to convey the Properry, and warrants that the Ilen .:;r .
<br /> „ created hereby Ia a first and prlor Ilen on the Property,except tor Ilena and encumbrances set tarth by Truator In writing and , ,-'.,�;, •
<br /> deliverad to Lender before executlon of thle Deed of Truat,end the executlon and delivery oithis Deed of Trust does not vlolate any , "`-'
<br /> - -� contract ar other obligaGon to whlch Truator Is subject ,,-.�1��*
<br /> ' 3. TaxN,Att�famMt�.To pay bebre dellnquoncy all taxos,spocfal assassmenta end all other charges agalnst the Property , ;:_%�
<br /> now or hereaiter levted. �
<br /> � 4. Intursnce.To keep the Properry ineured agaf nst demage by fire,hezards Includod within the term"extended coverage",and , t
<br /> . such other hazarde es Lender may requlre,In amounta and with companles acceptable to Lender,naming Lendor as an additional ��:�f
<br /> named Insured,with loss pnyable to the Lendor.In case of losa under such pollcles,the Lender fs authorized to adJust coliect and r=
<br /> ' compromise,all claima therounder and shall have the vptlon ot epplying ali or part of the Insurance proceeds(I)to any Indebtedness i;
<br /> • secured hereby and In such orderes Lender may determine,(il)to the Trustor to be used for the repairor►eatoratlon of tho Property • ;1
<br /> • � or(III)for eny other purposo or ob�ect satisfnctory to Lender without eHecting the Ifen o}thle Doed of Trust for the full amount aecured � .� � '�
<br /> hereby betoro su�h payment ever took place.Any eppllcation o!proceeds to intiebtedness ahall not extend or postpone the due � };
<br /> date ot any payments under the Note,or cure eny default th�reunder or hereunder.
<br />= ' 5. Escrow.Upan written demand by Lender,Trustor shall pay to Lender,In such manner as Lender may designate,sufticlent � '
<br /> suma to enable Lender to pay as they become due one or more oi the following:(f)all taxes,assessments and other chargea against �
<br /> the P�aperty,(il)the promiums on the property Insurance requlred hereunder,and(Ilq tho premluma on eny martgage Insurance � �
<br /> requlrod by Lendar. '
<br /> � 6. Melnt�nanct, R�paln+�nd Compllance wtth Law�. Trustor ahell keep the Property in goad condf4ion and repalr; ahall
<br /> � prompily ropalr,or replace any Improvement which mey be damaged or destroyed; shell not commit or pormit any waste or
<br /> deteriaratlon of the Property;shall not romove,demolish or substantlaliy alter any of tho improvements on tho Property;ehall not
<br /> commit,sufier or permit eny act to be done In or upon the Property In vlol�tion of any lew,ordlnance,or regulation;end ehall pay and
<br />. . , promptly dlscharge at Trustor's cost and oxpenae all Iiene,encumbrences and chergea levled,imposed or aasessed agelnst the i
<br /> Propc�rry or any part thereoi. j
<br /> ' ' 7. Emin�nt Domain.Lender la hereby aealgned all compenaetion,awarda,damugea and other paymenta or reliel(herelnaRer �
<br /> ° "Proceeds")In connectlon wlth condemnetton orothor teking of tho Property or part thorenf,or for cornoyence In Ileu o}condemna- !
<br /> tion.Londor shail ao entitled et Its optlon to commence,appear In and prosecute In Its owin name any action or proceedinps,and -
<br /> � ehall also be ontltied to meke any compr�mlae or sQttlement in connectlon wlth euch teking or damage.In the avent any portion ot
<br /> � � _������J ���J���4�11 L.�..�Y.���Y..� Iw Iw wM�wl..�a iilaw�nllwn ►w
<br /> -, ____..___ _.- '�-..--''�.�- --'-''--- �..���..d e..nt.,all m.�h Prnrnodc ... . . .-
<br /> �-----" - --`:-:�--_ :--�-- ttt0 r�vpvlt lo oV wnot�v� vmnn ov�Va�.vo.o..au..a.o a�o v . .
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<br />. ,; 4 ettor deducting thorefrom all costs and oxponaes Incurred by it In connoctlon wlth such Proceods,upon any Indebtednous oocured
<br /> heroby nnd In such order ae Lender may determine,or to apply all euch Proceods,after such deductlons,to the restoratlon ot the
<br /> Property upon such condltlona as Lender mey doterrnino.Any epplicatlon ot Proceeds to Indebtednesa shell not extend or postpone
<br /> �• tiie due date oi any paymenta under the Note,or cure any detault thereunder or hereundor.Any unapplied funds ehall be�aid to
<br /> s Trustor.
<br /> • . 8. P��tormanc�by L�nd�r.Upon the occurrence of an Event of Detault hereunder,or If any act Is taken or legal p�oceedlnp ,
<br /> �e commenced which materlally aifects Lender's intereat in the Proporty,Lender may In fte o�vn dfscretlon,but wfthout obilgatlon to do
<br /> . so,and without notico to or demand upon Trustor nnd wlthout roleasing Trustor from any obligatlon,do any act whlch Trustor hae
<br /> . �;, ' , agreed but talls to do end may also do uny other act It deems necesaery to protect the security heroot.Trustor sholl,Immedfatoly
<br /> y . • upon demend therefot by Lender,pay to Lender all coets and expe�sos Incurred and aums expended by Londor In connectlon�vith
<br /> the exercise by Lender o1 the forepoing rights,together wlth intorest thereon at the detault rate providod in tho Note,whiCh ahall be ,
<br /> , ��� addad to the Indebtedness secured hereby. l.ender shall not incur any Ilabllity becauae oi anything It may do or omlt to do
<br /> hereunder.
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