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<br /> �=:."�:.�i". ,�`'`.`��� THI31]EF��F TNUST�la meda!fie ot tha�da a1 . n�.� ��t9�.2�..,.by end Among
<br /> �'��"_'Lu•�.1_('t�nf�y„ �
<br /> -=.�t�a-3::c��;�xv-� tne Truetar,.._. a��,.a.�e{do Tn�es�L1YR(L� T�Q��if►Xdh@A�...IIi'..��E'�.�-- C tL�HC�t r
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<br /> _....�,.,,,_,-�•,:r �:�•_•. �1G1a y�cegacodtsi� �r1 i3raii�3 Xelauc� h �� �' GRr•3�•?3)G �__
<br /> whoee maiilnp eddrea�la �.�.. ( ereln Tr i�or,�df�� er one or mora), —
<br />==n'� }���'�"�` Fivc. oimt¢._ rae� o io
<br /> _ •, the Truatee, 1' .Il�Nt....�H�:h a� eD+��--�— -----�
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<br /> - whase malllno eddre:a la�'0. Box 1507 6rend Ieland� HE 68802 (hereln"Truatea'�,end
<br />_�aa� � F� �� .
<br /> - "�`-`�'''''�:'��,� the Beneficlary, �ive Nainta flank �_
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<br /> -- ,''����^��"'' whnse matlinp nddress le 2015 H. Hroadvoli Grend Teland� HE. 68802-1507 ,�horeln"lender').
<br /> ---:;��;�yE�;h.,.ry..":• R
<br /> `�w� :' �^ ;� FOR VALUABLE L'ONSIDERATION, includi�p Lender's extenelon of oredlt Identltled��eroln t�ivere:de Ir►veet�ent Yna -
<br /> ;�:,;.__•�_..,. ,
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<br /> ���•:��.:.; , :.i': . � S�nphen 0eltzer, SecTet ary (hareli�"Rorrowar",wheth�r one or mnre)end the Vust hereln created,
<br /> s.::•_•_;-,..,,,
<br />`�'�'� '�'• �'•�` `� tha receipt ot which ls hereby ecknowledg�d, Trustor hereby Irrevocably grente,tranzt�ro,conveys end eaelpna to Truatee,IN
<br />�,,,v,; �.�,.�,y� � .-;
<br />-r,_�;; .,.;.••.-�'•s:... TRUST,WITH POWER OF SALE,fcr tho benailt and eocurity of L�,nder,under and subJeot to the tarma ared conditlone heretneftsr�et
<br /> _�'��- ". • :�,':�':"• ' forth the real property desr,rlbed aalollowa �
<br />��,:,,..���,�� a�;,�� LO�fS TNO !2) 7`�iROUGH TiiENTY SEVEN f27) EHCEPTING LOT TMBHTY FIVE �25)
<br /> ., ., �.'� MORHIHGSIDE ACRES THIRD 5lUBDIVISION. IH THE CITY OF GRAND ISLAIiD. HAL�. COUHTY�
<br /> ?�'� „ , t#�BHASKA.
<br /> l`�''_' ":;:;c'r'%'Ypfri!
<br />����. �.. ,,~, , Together with all bulldinps,Improvem�nts.fixtures,atreet3,alleys,peusayoways,easements,rlphts,privlleyea ertd spRurte- �
<br /> �'�' nancea located thereon or in anywise pertafning thereto,and the rente,Isaues snd profita,reverelona and remalnd�ere th�raof,and
<br />�`r,�':..�.`v:f.,��,w � such personal propertyr that le attached to the Improvementa eo aa to conet(tute a fixturo,Includinq,but nat Ilmited to,hAating end
<br /> •�(.•., ° ".,. .. aoollnp equipmen�and toeether with the homestead or meritel Intereata,I}any,whlch Interests are hereby refeased and walved;all
<br /> �'r"'•�""' '� °" = o!whlch,including replacemonte and addttions thereio,is hereby deolared to be a part ot the foal estate sacured by the I�en of thla
<br />�� ' "�� � � . . Qeed o}Trus!end all of the(ormgoing being reterred to hareln as the"Propertyr".
<br />� ; - =i�=��ootJi"vf i iJot o�'iaii 6ow�o�o}iiio�wjiTv�i��:�v('ii�i'SC��2a^.=.°,SRS'i.�.T.'��lS�«°.!°°.!$:��8!!����@¢r��lgenq��nto n�f!(Af'I�t —
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<br /> �%�,-�1• agreement dated �atober 4tl� 1994 ,having a mat�+dty date ot �atober 3rd 1995 �
<br /> ., In the original princlpal amount of� 120,000.00 ,and any and all modificaHons,extanafone end reneweta
<br /> _ � •. therec�f or thereto and any end al! tuture advences and readvances to Borrowor(or any of them If more than one) hereunder ___
<br />_ , � pureuant to one or more pramtseory notes or credit agreemente(herefn called"Note");(b)tho payment of ather sums advanced by �:
<br /> ° Lender to protect the a�ourlty of the Note;(c)the performance of ell covenants and agreements ol Trustor eot 9arth heretn;nnd(d)all --
<br />" • " � � -'"� ' preseni and future Indebtedness and obllgatlona ol8orrower(or eny of them It more than one)to Lender w7�ether dlrecL Indireat, ��
<br /> • , .' • abaolute or cantingent and whether erlafng by note,gueranry,ovordreft or otherwlse.The Note,thls Deed o!Trust and any and all �°"�`_
<br />:° � . other docuenta theteocure the Note or otherwise executed In connectton therew{th,Including wlthout IlmitaUon guaranteos,security '�,
<br />' .. flgreementa and esaignments of leases and rents,shall be reterred to heroln as the"Loan Documenta".
<br />- . • Truator c�venants and egreos with lender as followe:
<br /> " 1. Pa ment of ledsbtadn�si.All Indebtedness secured hereby shall be pald when due. ''-
<br />-„_�.:;�:.Y, ,;.i :,w.,. y
<br />�;s�:.-c._ t �•���: 2. Ttd�.Trustor is the owner oi the Praperty,hes the right end authority to convey the Properly.and warranta that the Ilen
<br /> --•: - � created hereby Is a flrst and prlor Ilen on the Praperty,except fo�Ilena and encumbrences aet forth by Trustor In writirtg and
<br />-•�M�-��-�-,,�'�:..�!. delivered to Lender betore exacutlon oi this Daed ol Truet,and the executlon and dellvery of thfa Ueed of Trust does not vialate any �
<br />=„� ����.':..:<<•;�•�i`}:,"<�•• conUnct or other obll�atlon to which Truator Is subJect.
<br />- � -� ' 3.Taxe��AtsNtmenb.To pay befare delinquenay all texes,speclal assessmente and all other charges agalnst the Property
<br />�• '- '�:+ Z nuw or hereatter tevied.
<br /> '. � � �� 4. (ntunec�.To koep the Properry Insured egalnat damage by fire,hazarde included within the term"extended coverage",and
<br /> ' � '• auch othar httzarda as Lender may requlre,In amounta and with companlea acceptable to Lender,neming Lender ee en additional
<br /> �� ' named Inaured,wlth losa payable to the Lender.In ceae ot losa under such pallcies,the L�ndor la authori:ed to edjusL collect and
<br />..� . compromisa,all clalms thereunder and ehall have the optlon of appiying ell or part ot the Insurance proceede(i)to any Indebtednesa
<br />�;� oecured hereby end In auch order es Lender may determine,(II)to the Trustor to bo used fo�the ropairo�restoratlon o1 the Property
<br />-'- or(lii)tor any other purpose or ob�eat satlsfactory to Lender without aNecting the Iien of thla Doed of Trust for the full amount secured
<br />''.'�' . ` ' • hereby betore euch poymant ever took place.Any eppllcatlon of proceeds to Indebtedness shall not extend or postpoRO the due
<br />��" date of any paymente under the Note,ar cure any default thoreunder or hereunder.
<br />�;,�'_z 5. Escrow.Upon w�itten demand by Lender,Truetor shall pay to Lendor,In euch manner as Lend�r may designate,suHlclent
<br /> _- - suma to enable Lendar to pay es Ihey become due ane or more of the tollowfng:(I)ali taxea,easeaements and other charges agulnst
<br />�r- ' the Property,(U)the premiuma on the property InsuranCe requlred hereunder,and(ill)the premlums on any mo�tgoge Insurance
<br />�'� requlred by Lender.
<br /> . t ` 6. Malr►t�n�nc�, Pl�patn and Compllance with Law�.Truotor ahall keep the Properiy in govd conditlon end repalr; shall i
<br /> ( prompt{y repalr,or repluce eny Improvement which may be damaged or dostroyed; sh�sll not commit or parmit any waste or (
<br /> {; � detorloretlon o}the Property;ehall not semove,demollsh or subat�ntlally atter any of the Improvemente on the Property;ahail not
<br /> s" cammN,suftor or pern dt any act to be done In or upon tho Properry In vlolatlon ot any Isw,ordinance,or regula�[ion;end ahall pay and j
<br />- #� ' , promptly dlscharge at Trustor's cost end expense all Ilens,encumbrancea and chargos levled,imposod or assessed agalnst the �
<br />"~;C' ' � Properly or any part tliereof. �'
<br />_,.� 7. Emtn�nt Domaln.Lender la hereby aseigned atl companeation,ewards,damages and other p�yments or rellei(herelna(ter �
<br />- 1_
<br /> "P�oceede")In connoctlon with condemnation or other 4aking of the Property cr parttheroof,or tor convoyanco In Ileu of condemna- �
<br /> :;:�. tion.Lender ahell be entitled at Ile optlon to commonce,appe�r In nnd prosecute In its own ncame eny ectlon or procoedings,and
<br /> ----._-------- ��.�u���..t.��.atN�A�.....eLa ew�wn.n��nmlm m mMlamnnf In nnnnnr.}Inn wl}h n�mh}nl[Inn nr damAflo I(f(Fli7 AVAfl�ARV OOP�IO(1 O} f -�
<br /> _.„_ . _T mm..a�w..o o......a.................�.......�.�....� �. ��_..._.._...__....-'--" -_•-•-"..�...--o-' --..._o_...- - - - � . .�
<br /> }� the Fropertyr la so taken or dorneged,Lender shell have the optlon,in Its Role and abaolut�discretion,to epply atl euch Proceods, j
<br /> � efterdeducting therefrorn all costs and expensos Incurrad by It In conneation with such Proceeds,uPon eny indebtedness socur�d ;
<br /> . �, hereby and Ir�euch o�der ao Lender may dotermino,ar to epply all such Praceeda,aftor such deducttona,to the restorAtlon of the
<br /> Proparty upon such condltions es Londer mey determfne.Any applicatlon of Proceeds to Indebtedness ahall rtot extend or postpone �
<br /> • . the due dete ot eny paymonta under the tdote,or cure eny detault thoreunder or hereunder.Any unepplled tunds ehall bo pald to
<br /> - x Truator.
<br />� ,, H. P�rlormmc�by L�nder.Upon tho occurrence of an Evont oi Detault hereundor,or If eny act is teken or legal praceeding
<br /> commencad which materlally atfecte Lender'9lnterest In the Property,Londer may in Ite own discratlon.butwlthou4 obllgatlon to do
<br /> � ao,and withou4 notice to or demand upon Trustor end wlthout releaslnA Trustor irom any obligatlon,do eny ect whlch Truator has
<br /> �� " agroed but tails to do r�nd moy also do any othor act it dooma nocossary to protoct the security hereof.Trustor ahell,immedlotoly
<br /> - - upon dumand there(or by�.ender,pay to Londer all costs�nd oxpenuea Incurred and sums expended by Londor In connection with
<br /> tho oxerclao by Lender o1 the foregoing rlghts,togethe►wlth Interest thereon at the deteult rate provtded in the Note,whtch shall bo ,
<br />- • added to the indebtednesa secured hereby, Londer shall not Incur any Ilebliiry bacease of anything!t mny do or omit to do
<br /> - - �� � hereunder.
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