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<br />_ p whose malllnp eddroas Is 404 NYandotte� 5L• �rand T�plond�heroin"T��Eidr,���he��D�i�or mor$y, �`=-
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<br /> � whose m�llirp addresa la�•O. Box 1907 Grtind Ialand� NE 60802 _. �hereln"Truatme"},and "
<br /> Five pointe Eiank ����.
<br />• the @enellclary, �
<br /> w�ose malling address la 2015 N Oroodwell firand Ia�end HE. 68802-1507 _(herotn"Lendev"), � 4
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<br /> . FOR VRLUABLE CQNSIDERATION,lnctudlnp Lender's extonslon ot credit Identitled hereln�°Yn� J Sar�ges `
<br /> ��_',
<br /> d� Sherrv L Sesaen (hereln"Borrower",wholher one ar more)an�J the trust heretn created, --
<br /> • the recelpt of which Is hereby scknowledged,Trustor Mereby Irrevocably gronte,transfare,conuoy9 a�nd aeeigna to Trustee,IN �_-
<br /> YRUST,WITH POWER OF SAL�,tor the bonotltand eeGUrlty of Lender.under and subJoctto the terms end conditlona herelnaftet sot -_
<br /> (orth,the real proper4y.described as followa:
<br /> EAST TNENTY l20')FEGT OF LOT FIFTECN (15)� AND ALL OF LOT SIXTEEH (16)� BLOCK ...N.
<br /> ' THF2EE l3). SECQHD ADOITION TO HOLCOHB'S HIGHWAY H01fES. ADDYTIOH TO THE CITY 0� t-�
<br /> GRAND ISLAHD. HALL COUNTY� HEBRASKA. �s
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<br /> Together with ali bulldings,ImProvemente,flxtures,atreets,aileys, passageways,easemente,right9,privllegas and appur4e-
<br /> nences located thereon or In anywlae pertalning thereto,and the ronte,issuea and proflts,reverelons end romafnders thereo},and �"`�',
<br /> . _ �� such pereonel Qroperty that le ettached to the Improvements so ea to conatftute a(ixture,Inciuding,but noi Iimitod tv,heaUng and
<br /> . cooling equlpmenk and together with the homeatead or maritel Interesta,if any,wi�lch interests are hereby released end w8lvEfd;811 �_��-
<br /> oi whfch,including replacoments and additlons thereto,ia hereby dsciared to ba a part of tha reai esffita secured by the Ilen ot thl� ,,,
<br /> Doed ot 7rust end all of the forepoing being referred to herein as the"Property". t
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<br /> „ Thia Deed oi Trust shall secure(e)tho payment of tho principal aum and interest evidenced by n promissory note ar cr�dlt __
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<br /> agreement datod '�apterr�er ��+h �Q9� ,having a meturity date ot_��.tt'�6car 30th 199�_, —_
<br /> „ In the original princlpal amount of� 19.00QJ.00 ,and any and all modiflcations.extenslona end renewalo ��
<br /> thereo}or thereto and any and all tuture advences and readvancos to Borrower(or eny of them If mQre than one)hereunder
<br /> pursuant to one or more promissory notes or credit agreements(hereln called"Note");(b)the payment ot other sums advanced by j
<br /> Lender to p►otect the aecurlry ot the Note;(c)the periormance o!al I covenants and egremm�nts of Truator set torth horein;artd(d)ell
<br /> , " presemand ruwre indeoteanessana obiigaiiun�,ui ou�ruwe�(u� miy ui iiieiiii ii i�iu�n ii�nil ui�nj iuLci�u'vi rri�nu�oi iiiiuGy n�u'iiv'v�, --`
<br /> absolute or contingent and whether arising by note,guerenty,overd►att or otharwise.Tho Note,thls Oeed of Tru3t and eny and all '` ;
<br /> other doauenta that securethe Note or oth3rwlse axecuted In connection 4horewith,Including without Ilmitetion guerantees,securfty �' f��
<br /> agreements and assignments o}(eases end rents,shAll be referred to horefn as the"Loan Qocumente".
<br /> Trustor covenants end agrees with Lender as follows: '
<br /> 1. P�ym�nt o1 Irtd�bt�dnea.All indebtednesa secured hereby shali be pafd when due. '��r
<br /> 2. Titis.Truator Is the owner oi the Property,hes the right and authority to convey the Proporry, and tvarrente that the Iten
<br /> created horeby la e first and prlor Ilen on the Propertyr,except tor Ilens end encumbrances set fodh by Trustor in writing and :� '
<br /> delivered to Lender b�fore exocution oi thls Deed of Truat,and tho executlon and delivery oi thls Deed ot Truet doe9 not violate any '��
<br /> ,� . contract or pther oallgation to which Trustor le subJect f•�� �
<br /> 3. Taxes,AsHStm�nb.To pay before delinquency nll taxes,specisl essessments and ali other charges agalnst the Propertyr ,�;
<br /> now or hereaftor levled. •
<br /> 4. Insunnc�.To keep the Property Insured against damage by fire,hezerda i ncluded withln the term"extended Coverags",and
<br /> such�ther hazards as I.ende�may requlre,In amounts and with companies accoptable to Lender,naming Lender es an addlUonal `�
<br /> ' named Insured,wlth loas payeblo 4o the Lender.In case of loss under such pollcies,thq Londer is authorized to adJust,collect and
<br /> compromise,ali clalms thoreunder and shall P�ave the option oi applying sll or part of tho Inaurence proceeds(I)to eny indebtedness
<br /> • - secured hereby and In such order as Londer may determine,(ii)to the Truetor to be used(or tho repair or rostoratfon of tho Property
<br /> � � or(III)tor any other purpose or objact satfafactory to Lender without aNecttng the Ifen of thla Deed of Trust ior the full amount secured
<br /> hereby betore euch payment ever took place.Any epplfcatton of proceede to indebtedness shail not extend or postpone the due
<br /> # . date of eny paymente under the Note,or cure any detautt thereunde�or herounder.
<br /> 5. Esceow.Upon written demand by Lendor,Trustor shall pay to Lender.In such manner aa Lender mey deelgnate,aufflclent
<br /> •, .. sums to enable Lender to pay ae they become due one or more of the tollowing:(i)all taxos,assessmenttz and olher charges ageinat
<br /> ihe Property,(II)the premlums on the property Insurance requlred hereunder,and(III)lhe promlums o�any mortgage Insurence
<br /> ' requfrod by Lender.
<br /> 6. Malot�nanc�, R�p�ln and Compllartce wtih Lew�.Trustor shell keep the Proporty In good conditlon and repair;shall
<br /> � promptly repair, or replace eny improvement whlch may be damaged or deatroyed; ahall not commit or permit any wasta or
<br /> deterloratlon of the Property; shall not remove,demolish or substantlaliy alter any of the ImprovementES on the Property;shall not �
<br /> , commit,suNor or permit any actto be done in or upon the Properly fn violation ot any law,ordinance,or«3gulation;end shall pay and I
<br /> , •• � promptiy disoharge at Trustor's cost and exponse all ileno,encumbrancea and char�e9 levled,Imposed or assASSed against the
<br /> • - Property or any part thoreot i
<br /> .. 7. Eminant Domain.Lender Is hereby asslgned all compeneatlon,awards,damages and othor paymente or rQUef(hereinaiter
<br /> "Proceeds")In connecUon with condomnatlon or other teking ot the Property or partthereof,arfor conveyanco In Ileu ot condemna- ,
<br /> tion.Lendor shail be entitled et Its optlon to commence,appear In and prosecute In its own name any actlon or proceedings,and
<br /> • ahall also be enUtied to make any compromise or settloment fn cannection with such taking or damage. In the event any portton oi I
<br /> • •,,. �• the Property Is so taken or damaged,Lender ahail have the optlon,In Its solA and ebsolute dlocretton,ta apply ell auch Proceeda, �
<br /> ; atter deducting therefrom ell coata and exponsea(ncurred by It In connoctlon with euch Procesda,upon any Indebtednes�secured
<br /> � . . L
<br /> - `' nereny ana�n sucn order as�enaer may determine,or to appiy aii sucn rroceeds,uner auci�dauuaiiu��6,i�ii�o io5ivi6i�vT�v�.��o � --
<br /> r Property upon such condltlons es Lender may determinv.Any appllcatlon ot Proceeds to Indebtedness shell not extend or poutpone �
<br /> the due date ot any payments under tho Note,or cure any deteult thereunder o�hereunder.Any unapplled funda ahall be patd to
<br /> j Trustor.
<br /> 8. Pe�lormtnce by 6�ndar.Upon tho occurrence of an Evont of Deleult hereunder,or II any act Is takon or legr�l proceeding
<br /> •� commoncod which materlaliy atfects Lender'e lnterest In the Property,Lender may In ita o�vn discrotlon,but without obllgatlon to do
<br /> so,and without noHce to or demand upon Yruato�and without releasing Trustor irom any obligatlon,do any act which Truator has
<br /> . , agreed but talls to do and mey also do any other act it deems nocessary to protoct the securlty hereot_Truator shell,Imme�latoly
<br /> , upon demand therefor by Lender,pay to Lendor all coste and exponsos incurrod and sums expended by Lender f n connoctlon with
<br /> � tho�xorcise by Londer ot the faregoing rights,together with Interest thereon at the dofauit rete providad In the Note,whlch shail be
<br /> addad tu the Indebtodnesa socured hereby.Lender shali not Incur any Ifabflity because oi anythln9 it may do or omit to do
<br /> hereundar.
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