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<br /> TNIS Qi:�D OF 7RU5T,la mado as o1 tho.ZLriL_...day of ��.�,._ ,19 y�..by und arnond �� �� °�
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<br /> �� '' the Truetor._��.�.��raouk...Ln�.t�..-Stn{�.hc�n�3eltz�:. `'�F'&1CP��Y � '�
<br /> ` whose malllnp addresa le 2�21 Ctiverviow Dr Grnnd Ic�lcand(hereln"Tr���or,�wnetfiei one or more�, " ' ''�'�'�_
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<br /> ; �ose malling addresa Is p•U. Uox 150'7 Grand Iolend, NG 68002 (hereln"Trustee'�,snd •• �
<br /> the 9eneiiclary, Five Pointo pank . :' f
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<br /> •� . whose mallinp address le. ?.4��� N. Hroqdv�,l Grand IQland, HE. 688�2�1aG17 (horeire"Lender'�. • �
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<br /> ' • Aiverside Ynveetment Inc : ±�
<br /> • FOR VALUABLE CON310ERATION,Includlnp Lender's e�enslon of credtt Identifled hereln[b �
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<br /> �, 5teo�n Rnlf,��r,�ecretary (hereln"Borrower",whether one or more)and thetruot hereln creeted, ;;;�': .. +¢•�'
<br /> the receipt of�vhlch Is horoby acknowlo�god,Trustor hereby Irrevocably grants,trenafers,convey�s and asslgne to Trustee,IN � �, }
<br /> TRUST,WITH POW[R OF 3HLE,for the benefit and aecurity of Lender,under and aubJectto the termsand condi4lon�I�orelnefter sot �
<br /> torth,the real prope�ty,descrlbod eo(ollowe: r `� '"��:i
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<br /> � LQT TWEHTY FIVE l25)� HQRHINGSIDE AGRES THI?iD SUBDIVISION. IN TNE GITY OF ;t . .°':�,�;-,,;,,���,��A
<br /> � - GRAND a51,AND, HALL COUNTY� NEDRASKA. '',:;..;�;7:(�'!?^t*^?'�s�r��
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<br /> 7og�iher wlth ell 6ulldings,Improvoments,tlxtures,etreete,alleys,passaDewayo,easement3,dghts,privileges end appurte- ` `� ="�
<br /> .. .>i.�t ._
<br /> ' nancea located therson or In an Ise pertalnin thereto,and the renta,Issues and rofits,roverelons end remalnders thereof,and '�' ���-r-=�.-..��`�f
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<br /> ; _, such peraonal proparty that le attached to 4he Improvemonts sa as to constituto a tixture,including,but no4 Ilm(ted to,heaUng and � `�; .-.-
<br /> �� , , , .'i coollnp equlprrienx and togother with the homeatoad or maritei Interests,If any,which Interests ere hereby released and walvod;ell '; y; ,,���.t�-
<br /> �. ot whlch,Includiny replacoments and eddltlons thereto,Ie hereby doctared to be a part o}the real estate aocured by the Iten o1 this • �'���-+���-
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<br /> Deed oi Trust and oll ol tho foregoinp bping reterred to hereln as the"Property". :,. �+.,_.�,;,�,
<br /> This Doed of Truet�hall secure(a)the payment of the princlpal sum and Interest evidenced by e promlasary note or credft ���'� �
<br /> �x
<br /> ctgreement dated -�lauambar?Lst �qp4 ,having a mn4urity date o1 December ]�et 1995 � � ' !
<br /> ' ` ��.'` �
<br /> � �'�� In the orifllnal princlpal amount of S 120.000.00 ,and any end ell modlHaatlone,extmnsions and renewals `• : .
<br /> .'� thereo}or thoreto and any and nll tuture advencea and readvances to Borrower(or any of them ii more than one)hereunder �.,� �"
<br /> purauent to one or more promlosory notes or credit agreemente(heroln called"Noie");(b)the payment o1 othor aums advance6 by
<br /> Lender to protoct the security oi the Note;(c)the perfarmance of all covenante end agroements of T�uator aet torth hereln;and(d)all �
<br /> present end future indebtodneas end obllgatlona of Borrower(or any of them If more than one)to I_ender whether direct,Indlrect,
<br /> � ebsolute or contingent and whether arfsing by note,guaranty,overdratt or otherwiae.The Note,►h:s Daed of Trust and any and ell
<br /> other docuente that aecure the Noio or othervvfse executed In connection therewith,Including witt�ovt Ilmltetion guarantees,socurity ti �.
<br /> • qgreemente end esslgnmente of leases and ronts,shell ba referred to herefn as the"Loan Documents". ,� �
<br /> Truator covenants and agreas with Lender ae tollows: v� +�,•
<br /> 1. Paym�nt ot Indtbted�NS.All Indebtedness aecured hereby ehall be pafd when due. ;,-
<br /> ' 2. Titl�.Truetor Is the ownor of the Propertyr, hea the right end authority to convey the Property,and wurrente thet the Ilen .
<br /> � created hereby le a first end prlor Ilan on the Property,except}or Ilans end encumbrences set torth by Truator In writing end ''�
<br /> .-.� delivered f�o Lender be(ore executlon ot thfa Deed o}Trust,and the executlon and dellvery ot thls Deed ot Trust does not vlolete any ' ;v�,� � ---- - -
<br /> contraCt or other obllgaUon to which Trustor 18 eubJect ' � •"^ -
<br /> • 3. Taxy,Ast�ssm�nt�.To pay betore dellnquency nIi taxes,special ae►sessmente end ell other chorges egainat the Praporty .. ' , i.t -
<br /> now or hereatter levted. '
<br /> '�� ° 4. Insurmc�.To keep tha Proporty Inaured ngpinst damage by flre,hezard�included within the te►m"extended aoverngo",nnd
<br /> .:�� :
<br /> auch other hazarda as Lender may requlre,In emounts and with cnmpanlea acceptable to Lender,naming Lender as an addltlonal ,�-
<br /> � named Inaured,with loss payable to the Lender.In case of losa under such pollclos,the Lendor fa authorized to ad�ust,coltect and I � �-
<br /> ' compromise,all claima thereunder and shall huve tho optlon ot applying all or part of the Insurance proceads(I)to eny lndobtednens ��% _`
<br /> secured heroby and in such order as Lender may detormino,(Iq to the T�ustor to be used tor the repalr or r�EStoration o}tho Prope r t y +,�_-
<br /> ' , or(111)tor any othor purpose or ob�ect satiatactory ta Lender without aHecting the ilen of thle Deed ot Trust tor the full amount secured r,:.7�:,
<br /> , • � , hereby before such payment ever took place.Any eppllcetion of proceeds to Indebtedness shail not extond or postpone the duo '�. '
<br />_ dete of ony payments under tho Note,or cure eny default thereunder or hereunder. " `�'
<br /> 5. Eserow.Upon written demnnd by Lender,Truotor shali pay to Lender,In such manner as Lender may deslgnate,sutficient r•:
<br /> � suma to eneble Lender to pay as they become due ono or more of the tollowing:(I)eli taxes.assessments and other chargos agalnst �`�
<br /> •• tha Property,(II)the premlums on the property Insurance requlred hareunder,nnd(III)tho premiurns an any mortgago Insuranco •-
<br /> roqulred by Lender. � �
<br /> 8. Malnt�nanc�,RQaein�nd Compftanc�vrith L6wa.Trustor shall keep the Proporty In good condillon and rapalr,shall � � �+a
<br /> f promptiy repafr, or replaco eny Improvement whlch mey be dameged or destroyed; shall not cummit or permit any wnate or : ;,
<br /> dsterloretlon of tho Property;ehall not remove,domolish or eubstentlalty alter any of the Improvements on the Property;ahall not I o
<br /> �� commlt,suNer or permit any act to be done in or upon the Propertyr In vlolatlon of any lew,ordinnnco,or regulaUon;and shall pay and ��
<br /> promptiy discharpe et Trustor's cost and enpenso all Iiona, oncumbrances and charges lovlod,Imposod or assessed ugoln3t the
<br /> Property or any paR theraof. •
<br /> 7. Emin�nt Oomaln.Lendor le hereby es3lgned all compensatlon,awards,demeges end other paymonts or relief(herelnaftor
<br /> "Procoods")In connoctfon with condemnution or other teking of the Properry or part thereoi,or for convoyance in Ilou of condemna- t;�
<br /> � Non.Londer c3hall bo entitiod flt Ita option to commenco,appvar In and prosocute in Ite own name any actfon or procoedings,und
<br /> sholl aloo bo entitlod to mako any compromiso or�ottlemont In connoction with such taking or damage.In tho ovont any portfon of .,►f
<br /> '� tho Propt�rty Is eo teken or dnmaged,Lender ahell havo the optlon,In Its solo nnd absoluto dbcretlon,to apply e�l such Proceeds, � , •!
<br /> :
<br /> after deductinp thorotrom all coats and expe�sos Incurrod by It In connection with such Proceeds,upon any Indobtndness secured ,
<br /> __ - - . .. . . • • • . . . .. . _ . .._ _ � �_�..-.,-°�.�_.Y....�e.,......we
<br /> - - _
<br /> ° `' nBreDy ano in sucn oroer ea�enaor may aaterminv,or to eppry an eucn rroceana,annr ouan uwu�ao�.o....•�•a•w•�•���•�•-w
<br /> t Property upon such conditlono ea Lerider mny dotormine.Any appllcaUon ot Prnceeds to Indebtedness ahall not extend or postpone �^
<br /> j . . � the due dato ot eny peyments under the Note,or cure any datault thereunder or haroundur.Any unappllod funds shull be p�id to �
<br /> Truator.
<br /> � 8. Ptrto�m�RCe by 6tnd�r.Upon tho occurrence of en Evont of�etault h�reunder,or if any act Ip taken or legal procoading f
<br /> r� " commencad whlch materlally atieCte Lendgr's Interest in the Property,Lendor may In ita own discretion,but without obllpatlon to do � ,
<br /> ° � so,and wfthout notice to or domand upon Trustor and witheut rolosaing Trustor from�ny abllpatlon,do eny ect which Trustor haa ,
<br /> �� aproed but iells to d�end may nlso dU any othflr nct It doema neces:ujry to protect ths eocurity horeo}.Truaror ehull,ImmodlAtoly
<br /> � upon demand thoretor by Lender,pay to L9ndor eil coste nnd oxpenses IncurrRd and eums oxpondad by Lundor In connoctlon with
<br /> the oxerclso by Lartdor ot the}orogoing righto,togother with Intorast thoruon ctt tho dofault rote provided In the fVoto,whfCh ohnll bo
<br /> = ,� , „ nddod to lhs Indobtttdness socurod horoby. Lendor sht►II not Incur ony Ilnbflity becauso o} anylhing it may do or omit to do ;
<br /> haroundor. ,
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