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<br /> 'PHIS D�ED OF TRUsT,I8 made ao ol the 14th dQy of Oc4.. ,18 `3`� by flnd amnrt� ,..
<br />-� �a/!c/a Kenneth W. Nleos4er ��-='
<br /> _I�_ ., , the T►uetar, )j��1N�Tt1 WAYt7F t1FCSTGI2 SR�1� tJEVA A MECS�,� . hunband nn ai - + , ;,;,,..,
<br />=�"�" "'�• `` � ' 1909 W CHAALES GRAND TSLAND N� �8f�0� �
<br /> , whoae mallirtp nddrosa Is .� (horoln"Trus or, w o er onc�or moroa,
<br /> �.�.. ;. . . �`_"..
<br /> � � „ , theT►u�tee, Fi.ve Pointe Bank, e Nebraeka Corporation � =-___
<br /> • ' • whose melling sddress le P'p' Box 1507 Grand Ialand, HG 68&02 �r,.�';_
<br /> (heroln"Trustee"),end
<br />' . the Benellclsry, Ffve Pointe Bank � � +'��,:
<br /> • whose mallln addross le 2015 H. Droadvell (irend Ielend, NC. 68802-15N7 � '�"
<br /> g (horein"Londer"). �,�;,
<br /> � • FOR VALUABL�CONSIDERATION.Including Lenc�pr's extenslon o4 credit identlfied hereln�ENHETN WAYNE HGESTCR SR : .
<br /> ' a/Ic/a Kenneth PJ. MP_0�*Ef''''"r°''
<br /> • L NFVA A REG5TER (herein"Bnrrower",whether one or more)and the trust hereln created,
<br /> the receipt of which is hereby acknowletlged,Truator hereby Irrevocabty grants,trensfers,conveys and easlpna to Trustee,IN
<br /> . YFiUST,WRH POWER OF 3ALE,tor the beneftt and security oi Lender,under and subJect to the terma and condiCiona herelnafter set ��`•'�``'
<br /> .::,; ,,
<br /> „ f��►�,���1 p�r�9er�yA���ib,��erp214owsE,iIDDLET041H CONDO!lIHIUMS 1'Q THE CITY OF '`��f`''
<br />_ GRAHD ISLAHD� NALL COUHTY, �EBRASKA. :
<br />= '> �iri(a
<br /> ��`��� Togeiher with atl bulldings,improvementa,fixturea,streets,elleys,passageways,uasements,rlghts,privllegea and appurte-
<br /> �;,�.... ;;•�,..�
<br /> • ; ;f;,��:< � • �, nancea locatad 9hereo�or i�anywisa pertalning thero!o,mnd V�e rente,Iasues end proflts,reveralona and remainder�thereoL and �,;':�e:,
<br /> . � •�,�;�:�=
<br /> °• �ach perso�al property that le attached to the Improvemente eo ae to conetitute e(ixturo,Including,but not Iimited to,heating and
<br /> ��''�;�!:,��'., :�b'�'�� aooling equipmenx end toc�ether with the homeatead or maritel Intereats,ii any,whlch intereste are hereDy released and wafved;all �"• ' �
<br /> �,.�,���:
<br /> �`;;:����:`�`'�`` oi which,Inctuding roplacements and addltlons thereto,la hereby declsrod to be a part of the real estace secured by the Ilen ot thls
<br /> • "i"''�"'° Deed of Trust and atl of the toregoing being r6ferred to herein as Qho"Property". ���`�
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<br /> .-�ii.'(,.�.'�_.,t��7 ���{�_...
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<br /> " Thls Deed of Trust shall secure(a) the paym�nt ot the principal aum and interest evldence�!by a promissory note or credit �;`��
<br /> }:.
<br /> .-- ---�-.,- 4�� ;
<br /> .;!��;�; agroementdated �ctober 14th 1994 ,havmg a maturity ciate ot November let 1999 � �,;�;_
<br /> N�:s•
<br /> • In the origlnal principal emount of� 12. 500.00 ,and any and all moditicatlons,extenalons and renewals "`;T�:`.�
<br /> thereof or thereto end any and all future advancea and readvancea to Borrower(or eny of them Ii morc�than one)hereunder
<br /> . pursuant to one or more promiasory r�otea or crodit egreem�nts(hereln called"Note");(b)the payment of other eum�edva�ced by ':`5;�
<br /> , Lender to protect the security of the Note;(c)the performance of ell covenante and egreemonte of Trustor aet forth herefn;and(d)all �'•:�;-_
<br /> present end future indebtedness and obligatione of Borrower(or uny ot them IP more then one)to Lendor whether dlrect,indlracL �,�w=
<br /> absolute or continpent and whether erising by note,guarenry,overdreft or otherwiae.The Note,this Deed of Trust nnd eny and all -
<br /> offier docuent�that secure the Note or othervrise executed In connectlon therewlth,In�tuding without Ilmitetion fluarentee�,eecurity t��
<br /> agreements and asaignments of leases end�entg.ahell be reforred to herein as the"Loan Documents". • "
<br /> T�uator covenantis end aqreea with Lender ea followe: =-
<br /> " ' • 1. Paym�nt o1(nd�bt�dn�.All indebtedness secured hereby shall be paid whon dus. ' '`�
<br /> 2. Tlti�.Truator la the owner of tha Properry, hes the rlyht and euthority to convey the Property,and warrenta thet the Ilen
<br />= created hereby la e tlrat end prlor Ilen on the P�operty,oxcept(or Ilens and 9ncumbrances set forth by Truator In wdtlnp nnd �:'r
<br /> �� dellvered to Lender before execution ot thle Deed oi T►ust,and the exeCUtlon and delivery of thfs Oeed ot Truat does not vlolate any
<br /> " conUact ot other obllpeUon to whlch Trustor is sub�ect. ..
<br /> 3. T�xn,Asu�amtnts.To pny before delinquency all taxos,apeclei assessments and ell other charpea apalnst the Properly �
<br /> now or herea.fler lerried. •
<br />- 4. Insuranc�.To keep the Property i naured agefnst damage by fire,hezarda Included within the term"extendad coverage",and
<br /> . ;. , such other hazerds ae Lender msy require,In emounte and with companlea accepteble to Lender,naming Lender e9 an addlUonal '
<br /> •� named insured,with los9 payeble to the Lender.In case of loss under euch palicies,the Lender Is euthorized to adJuat,Collect and
<br />- '��"' '' compromi5e,ell clalms thereunder end shail heve the optlon of epplying all or part o}the Insurance proceecfs(I)to any Indebtednass
<br /> � socurod hereby and 1n such order as Lender may determtne,(ff)to the Trustor to be used tor the repalr or restoratlon o}the Prope�ty
<br /> � �!• ,' , o�(ill)toranyotherpurposeorobJectsatisfactorytoLenderwithouteffectlngthelleno}thls0eedotTrustforthetuliamountsecured
<br /> . _ hereby betore such peyment ever took plece. Any epplication of procoeds to Indebtedness shall not exteiid or postpone the due
<br /> y��, dato of any payments under the Note,or curo any default therounder or hereunder.
<br /> b. Escrow.Upon written ciemand by Lender,Truator shali pay to Lender,In such manner as Lender may designate,sufflcient
<br /> ; ; � sums to enabte Lender to pay as they become due one or more ot the followfng:(I)all te�ces,assessments ond othor chorges against
<br /> • • the Property,(li)the premlums on the property insuranco required here�nder,end(iily the premiuma on any mortgage In�urance ..
<br /> required by Lender.
<br /> ' • 8. Matnt�nanc�. Rcpaln and Complltnc�wlth Lswi.Trustor shall keep the Property In good conditton and rapalr,ehall
<br /> �# ,, promptly �epalr, or replaca any Improvement which may be damaged or destroyed;shall not commit or permit eny waste or
<br /> deteriora4ion o}the Property;shall not remove,demollsh or substantlaliy elter any of the improvemente on the Property;ehall not
<br />- _ , commit,suNer or permtt any ect to be done In or upon the Property In vfolaUon of any law,ordinance,or reguletton;nnd ehali pay and
<br /> , peompUy dlscharge et 7rustor's cost end expense all Itc►ns,encumbrnnces and charges levled,imposed or assessed agalnet the
<br /> Property o:any part Mereot.
<br /> ` � 7. Emin�nt Oomolrt.Londer Ia hereby esslgned all compenaetion,awerds,damuges end otfier paymonts or rellei(herefnaft�r
<br /> _ ., "Proceeds'�fn connecUon with condemnatlon or othor takinfl ot the Propetty or part thereof,or tor conveyence in Ileu of condemne-
<br /> � � tlan,Lender shall be sntitled ut Its optton to commence,appear fn ond prosecute in Ite own name eny acUon or procoedings,and �
<br /> shall also be enUlied to make any compromisa or sattiement in connectlon with such taking or damage.ln the event eny porUon of ,
<br />-_'.._3_._ _._ ._._ �a��f��.i.1�'��L����.1����.� l�w�lu��.�1�t�..�el.����i�' �_��
<br /> . .................--- _- {�IOr�V�Ia�t�to0�/�nO��VtV4�tt4 Y��ttO�Ot�O ���� ���_i__• .. �. --..
<br /> � yo..,..o.�..a�o.� � vpuvu,o��w av�v ano auaoiuce o�i7Cfetion�tv aPPiY ett BuC(�YroGeB09, •
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<br /> _ s a�tardoducUng theretrom oil cost�gnd expenses Incurrod by It in cunnection with such Proceeds,upon eny indebtednass secured ;
<br /> _ . hereby and In �uch order as Lendor mey dotermino,or to appiy all such Procoed3,atter auch doductions,to the restoraUOn oi the
<br /> � � � Properry upon such condttlons as Lendoa may determine.Any epplfcaUon ot Proceed�to Indebtedness shal!no!eMend or postpono
<br /> ' ;. „ the due date ciany paymenta under th� Note. or cure eny default thereunder or hereunder.Any�napplted funds ahall be pafd to
<br /> i Trustor. '
<br /> �' 0. Rkform�nc�by Len�i�.Upan the occurrence of an Event of Dofauit hereunder,or it any act is taken or iepnl proceedtng �
<br /> 'a commenceA whlch rt�aterlai;yaitocts Lender's interest in Lhe Property,lender may in its own discretfon,but wfthout obltgation to do
<br /> so,and without notice to or demand upon Trustor r�nd e�iL�out reloasfng Trustor trom any obtigetlon,do any act which Trustor has
<br /> • ugreed but 1�:;�to do artd mey also do any othor act it deems necessary to protect tho securiry hereot.Truator ehall,immedfately
<br /> . ' upon demanci^.�ereior by Le�der,pay to�.endar ell costa and expenses i�curred and sums expended by Lendor In cbnnecUon with
<br /> the exorcfse B�r Lender o1 the forogoing rights,together with Interest thoreon at the detault rete provided in tho Noto,whfch ahall be
<br /> � ' added to tho indebtedness secured hereby. Lender shall not {ncur any Iiabil(ry bocauae oi anything it mey do or omit to do
<br /> �, hereurtder.
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