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<br /> " YHIS DE�U OF YRUSY,13 mode ns ol the.?��'d doy of Hav ,_.,_.,19..�g by end amonp �.
<br /> tho Truetor, Rpv�v�„��.._„ _ , , � •
<br /> �vho9e mnllinp addrea�la �SA� M CQlll�R [irand Iwland harein"Truator 6whathe?ane or more), •� � ,^ Y;:•--_
<br /> � the Truatee, �1xe�ainLa-�snk. ■ N�braek� C�xcoratiAn "
<br /> • +�. .t.. . .
<br /> whose malAng nddreas Is P•Oo Box 1507 Gr�nd Iel�nd. NE 68902 • -
<br /> (herein "Ttuetee'),and " '��
<br /> � the Beneilclary, Five Pointe Bank � , � ' �'.
<br /> whose malling nddress Is 2015 N. Broadrell Grend Ieland� HE. 6�802-1507 • ��
<br /> _(horQin"Lendor"►. �
<br /> ��.
<br /> FOR VALUABLE CONSIDERATIOM.Including Lender e axtenslon of credlt Identifled haroln to ° "��-�
<br /> '�" Revivel Center �`"�`�
<br /> • (hareln"Borrower", wheiher one or mora)end the trust horeln cre�ted, '��'
<br /> , the r�eipt oi which Is here5y acknowledged,Trustor hereby Irrevocably grants,transtere, conveys and asslgn9 to Trustee,IN �;.,
<br /> TRUST,WITH PfaWER OF SALE,(or the benefitand s�curiry of Londar,undere�d subJeat to the terms und conditionshflreinafter sst
<br /> forth,the real property,deacribod es to!lowa: ••
<br /> ., L�TS OAE �1) ARD THAEE 13)� BLOCK 9'MEH?Y-HIHE t2g1, IiIGHLAkD PARK ADDITIOH TO .L�•-���:k'.;:
<br /> ..�.. �,.
<br /> GRAFiD ISLAHD, AA1.L COUHTY, HEBRASKA. , . .��•
<br /> s. -_
<br /> n ' • �Y;x;•
<br /> .,� �—
<br /> � Together with eli building3,improvemente,flxtures,streeta,alisys,passegeways,easemanta,righte,p�ivlleges and appurto- ° �
<br /> • nartces lacated th�reon or fn anywise pertaininfl theroto,and the rants,issues end protits,reverstons end remainders thereof,nnd ° f=
<br /> • such "�=
<br /> personal properry that Is attached to the improvements so es to conatitute a tlxture,inctuding,but not Iimited to,haatinp and ---
<br /> . ., coolinfl 8quipment and togeth�r with the homostead qr marltnl Intareota,If ony,which intereats ere hereby released ered wufved;all -"
<br /> ot whlch,includinp replacemente and addidons thereto,ia hereby deCtared to b�e o pert of the real estate secured bythe Ilen o}thfa �• • �tix �,.
<br /> Oeed o}"Trust end all of the forQgoing beln�referred to hereln as th�"Praperty". ,
<br /> 7hls Doed of Trust shall securo(e)the payment of the principal sum and intorest evldenced by e promissory note ar credit �
<br /> - _-_ - oyico�Tioid uniou Y�.,o�1.er ?�rr� 14oa ,I18V10g A R19[Uf1iS/OH(6 01� nM_'�A�AAT 1 at 199� -�'�.�+�-_
<br /> .. --- ' 4,525.00 °�'�._''�'
<br /> in the origfnsl principai amount of S ,and any and ell modlticatlona,extensionsand renewals I ? ;�
<br /> thereof or thereto and any and ell future advances and readvances to Borrower(or any ot them Ii mere than one)herounder '
<br /> pursuant to one or more promissory notes or credit agreements(herefn called"Note");(b)the payment o}other sums ad�ranCed by � '
<br /> Lender to protect the securlry of the Note;(c)the pe�formance ot a:l covenants and agreements o}T�uator set torth herein;end(d)all
<br /> � - ' present and future Indebiednoss end obligaUons of Borrower(or any of them if more th�n one)to Lender wt�ethor direct,indirect
<br /> "' absolute ar contingent end�vhether arising by note,guarenty,overdraft or othorwise.The Note,this Deed oi Trust and any and ali I '`� � �
<br /> . otherdocuentsthat secure the Note or otherwlae executed In connection therewith,including wtthout limitatlon guaranteos,security � , ,'1''f'
<br /> agreements and essignments of leases and rents,shall be referred to herein as the"Loan Documents". �
<br /> � Trustor covenanb end agrees with Lender as foflows: j �• ,e'^
<br /> 1. Paym�nt of Ind�btedness.AII Indobtedness secured heroby shall be pald when dua. I �;"'
<br /> 2. TiH�.Trustor is the ownor of the Property,has the rlght and authority to convey the ProPerly,and warrants that the Ilen !
<br /> cteated hereby Is a flrat and prior Ilon on tho Properly, except for Ilens and encumbrances sat torth by Trustor in wrlring and �
<br /> delivered to Lendor before execution of tfils Oeud of Trust,and the executlon and delivery o}this Deed o}Trust does not violate any � " '� �.T�__
<br /> �,,�, contrect or other obligation to which Trustor ia subJect , � *� ,�.'�
<br /> 3. TixN.Asasssmenla To pay betore delinquency all taxes,speclal assessments and all other aharges aguinst the Prope�y I � . � �
<br /> now or hereaftor levied. • . . -
<br /> �S. (nsuranc�.Yo keep the�:��eAy insured egalnstdamage by fire,hazards Included within tho torm"extended coverage",and •
<br /> �uch other hezards as Lender mny requiro,in emounte and with companfes acceptable to Lender,neming Lender as an additional ' " �,�
<br /> nemod Insured,with loss payable tQ the Lendec In caso of los9 under sucii policfes,the Lender is euthorized to adjusi cottect and ' �'•
<br /> '; compromise,ell clalms thereunder and sheli have the optlon of apptying p11 or part of the insurance proceeds(i)to anyfndebtedness � �
<br /> secured herebyand in auch order es Lende►may determfne.(il)to the Tru�tor to ba used tor 1he repa�r or restoration of the P�oporty ;. �
<br /> • or(Ili)tor any other purpose or oDJect satislactory to Lender without aftecUng the lien o}this Deed of Trust tor the fuli arnount secured
<br /> hpreby before euch payment ever took place.Any application of proceeds to indebtodne3s shell not extend or po�tpone tho due �3`• r
<br /> date ot any payments under the Note,or cure eny default thereunder or hereundor. • + .
<br /> 5. Eacro�e►.UQon written demand by Lender,Trustor shall pay to Lender,in sucti manner as Lender m�;�c'ssignate,sutiicient
<br /> , sums to Rnable Londer to pay ns they becor^a due one or more of the following:(i)all taxes,assessments and��"•sr charges ngalnst J.
<br /> the Properly,(ii)tho promiums on tho p�apErly insurence r�qulred hereunder, and(iit)the premiums on any mortgape insuranco
<br /> requfred by Londer. �
<br /> 8. M�IM�ntnee,R�pairs a�d�Compllanc�wlih B.aw�.Trustor shall keep the Property fn good condition a�d repoir,shall '
<br /> ; , , prompUy repair, or repla�e any Impruvement which may be damaged or destroyed; shali not commit or permit any wasto or •.
<br /> doteriorat3on o1 the Property;shall not remove,demolish or substantlelly eltor any o}the fmprovomants on the Proparty;shall not
<br /> comml4,sutfor or permit nny act to be dono in or upon the Property in violation of any law,ordinance,or rhgulation;and shell pay and "
<br /> prompUy discharc�o et Trustor's cost and expense all Ilen�,oncumbrnnees and charc�es lovied,imposed or essoss�d n�aEnst[he
<br /> PropeRy or sny part thereof.
<br /> ' 7. Emtn�nt Qomaln.Lender is hereby assigned all compensatlon,nwerds.demages and othor payments or relcef(hereinafter
<br /> "Proceeds'�In connecUon with condomnntion or other taking ot the Psoporty or purt thereof,or for conveyance in lieu of condemna-
<br /> Uon.Lendor 9ha11 be ontitled�t Its opt�on to commence,nppoar in and prosecuto in its own nam9 any actlon or proceedings,end
<br /> shail etso bs entiUed to make eny compromisci or sc+tUOment In connoction with such taking or damage.In tho event any portlon ot �
<br /> tha Proporty is so takan or damaged,Lander shall have the option,In its sale and absolute discretion,to appty all such Proceeds,
<br /> ---
<br /> -°--�-�---°--°--------••-------.- • .. ... .. . . _ t.--
<br /> r -- oam arcuwu�ry uccrcnv�n av cva�a mw onpbnsva mcurroa oy n m connBanOn ty�m SUCfI YfOC8CQ9,UpO�IIOy IRdCDtOG0059 6QCU�6tl
<br /> hareby and In such ordsr as Lender m3y determino,or to n�pply etl such Procoeds,after such deducUons,to tho rrstoraUon of the
<br /> P�oporty upon�uch conditions as Landor may dotormine.Any epplicution of Pro�eods to indebtedrtess shnll notextend or pcsstpono
<br /> the duo date o!eny p�ayments under fho Noto,or curo nny dofauit thmrsundar or h9roundor.Any unepplfod tunds s�all bo paid to
<br /> TrusLot.
<br /> ' 9. Pettemttrtn br Landsr.Upon tho occunence ot an Event ot Dafault hereunder,or if any act is Inken or tegal proceeding
<br /> •� commenced whlch maturialiy nftects Londor's intorest In tho Proporty.Lender may fn Its own dfscration,but withoutoDlkjation to do
<br /> so,and without notica to or demand upon Trustor and without rele�sing Trustor trom nny obligation.do nny act which TrusLOr has •
<br /> agreed Isut fatls to do and may elso do ony other uct it doerr.a r.occssnry to protoct tho sttcuriYy heroot.Tru�tor shall,imrttttdintety �
<br /> � upon demand therafor by Londor,pay to Lartdor ull costs and oxponses Incurrod nnd sums oxponded by Lender m conntaction with
<br /> � tho exorcise by Lt3nder ot tho foresgoing righTs,togothdr with Interestt�oraon at tno dofault rnio provided In the Note,which shell b9
<br /> � nddad tq the Indeb;edness seCUrctd horeby. Londar shall r.ot InCUr any linbiliry because o4 nnythirtg it may do or omrt 10 do
<br /> hereunder.
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