|
, " ,;,.
<br /> , , r� , ,, , . „ : "�:
<br /> b , .��� . ,� .. �� . ..�..,,. � . -
<br /> .
<br /> 1a. �V- .rr�..r�.as.•���H�.•�...:. - . .. ..._.._._.._'".._..._�_._=3- - '�4'AV+MICM4112�11h�'�°S y.f.]u.[LL:i.W.WiUA ' _ __'• .
<br /> �
<br /> l Yac. . . �. - ..�- '. �...�a.�:..�
<br />}� .��.�._.�._1l:la�m �' `__��:....................... .......__ _'_' ... . : , n.�__
<br />'I� � . . r...�-�..7:'�I_
<br /> �� � ` iT-�
<br /> 1
<br /> ���• ''�l�➢�4�� ���_'
<br /> �C�;(� �� ?R��� t"98'�W P��J4�9a� Q�CfG1EJ�G� : �9 , � �. .
<br /> . TWIB DEEA OF TRUST,lo mndo as of tho 02nd day o1 SQp' ._.19_g4 by nnd nmong �--2
<br /> ,�o , ,
<br /> , tho Truator, Floyd JJ Sorcaneon b Sharon K Soren��rir � huebanA aad wi Q . ,
<br /> 522 Johneon Pl Grond Ielend Ho 69Ci03-4131 t -
<br /> whoso malling addreae is (horeln"Truator,"whether one or more),
<br /> the Truetoe, Five Pointe Hank, a Nebravka Corparation , ,
<br /> ..
<br /> �� P.O. Box 15�7 Grend I�+land, HE 68802 �
<br /> � whoae malling nddreas Is (hereln"Trusteo"),nnd � : ,�
<br /> tho Beneficlery, Fivc Pointe BanFt '
<br /> 2015 N. 1BroadrE+11 Grand Ieland, NE. 68e02-1507 •�
<br /> whase malling addresA ta_ (herein"Lender"). ��
<br /> Floyd J Sorenovn ' *��
<br /> FOR VALUAOLE CONSIDERATION,Including Lender's extenalon of credit Identltied hereln to �,�.-
<br /> 6 Shason K Sorenaen "�'��`
<br /> , (hereln"Borrower",whother one or more) and the truat heroln r.reated,
<br /> � the receipt of whlch Is hereby acknowledged,Trustor hereby Irrevocably grante,transfers,conveys and asalgns to Trustee, IN
<br /> � TRUST,WITH POWER OF SALE,far the banefit and security of Londer,under and subject to Ihe terms and conditlons herelnaiter set "K
<br /> ' to�t�,th re��io�e�r,�ipscri6edf�s 6°��w�' ion, Cit of Grand Ieland, Hell Count , Hebraska '�
<br /> ot �i, e eaon u v e y v
<br /> . ,�.
<br /> � - ?��
<br /> Together witi�nll buildings,Improvements,fixtures,atreete,alleys, passageweys,easemonta,rights,privilegea and appurta- "
<br /> nancoa located thereon or In anywloe pertaining thereto,end�he rente,issues and profits,reverslons and remaindera thereot,and ��.-�
<br /> such porsonal property that la ettached to the improvements ao as to conatitute a tixturo.including,but not Itmited to,heating and � F-'�'
<br /> cooling equlpmenx and together with the homestead or marital Intereste,It any,which Interesta are hereby released and welved;all �'�,
<br /> of which,including replaCemente and additiona theroto,is hereby declared to be a part of the real estate aecured by the Ilen of this • � �
<br /> Deed ot Truat and all of the foregoing being roferred to herein as the"Property".
<br /> l.f<:�
<br /> Thls Oesd of Truet shall socure(a)the payment of the princlpal aum And interest evidencod by a promlasory,note or credit , �l�;�-
<br /> ___.__.._. __ ____ Seotember 2nd 1994 ,,, „ „ ,,,,, ,��„ September 2nd 1999 ,.•;�•��SC', _-
<br /> ,
<br /> le�
<br /> � a�
<br /> - ---------- � nyietauiani u'ato�i • .�io1lr�a iiSo2Li�.� $w.....! •:';.J' =
<br /> 22.615.3fi . '`"i::''�
<br /> In the origlnal principal amount of$ ,and any and al l modlticatlone,extenalons and renewals ��`�� •
<br /> thereof or thereto end any and all future advance�and reodvances to Borrower(or any of them if more than one)hereunder � •j
<br /> � pursuent to one or more promissory notes or credit agreements(hereln called"Note'q;(b)the payment of other sums advanced by
<br /> . Lender to protect the security o}the Note;(c)the p�rfarmance of ell covenants and agreoments of 1'ruator set forth herein;and(d)all �
<br /> present and tuture Indebtednesa and obllgations o}�orrower(or any of them Ii more than ono) to Lender whether direct,Indirect, � �'� ��
<br /> absolute or contingent and whether arising by note,guarsnty,overdraft or otherwlse.The Note.thlo Deed of Trust and eny and all �
<br /> � other docuentsthat seourethe Note or otherwise axecuted In connectlon therewith,Including without Iimitation guarnntees,security � , .���
<br /> agreementa end assignments of leases and renta,shail be referred to herefn esthe"Loan Documente". '���
<br /> Trustor covananta and agrees with Lender as foilows: ��
<br /> t. Paym�nt ot Ind�bt�dn�M.All Indebtedneas secured hereby shell be pald when due. 1 .!.�•±
<br /> 2. Tltl�.Trustor Is 4he owner o1 the Property, has the rlght and authority to convey the Property,and u+rarranta thot the Ilen ' �, ;,
<br /> created hereby Is e first and prlor Ilen on the Property,oxcept for Iiens and encumbrances set forth by Trustor In writing end
<br /> dolivered to Lender betore executl�n of thla Deed of Trust,and the executlon end delivery of this Deed ot Trust doos not violate any
<br /> contrect or other obllgatlon to which Truetor Is subJect � , ,.,,�=�'�'�'
<br /> 3. T�x�s�Ass�wm�nt�.To pay before delinquency ali taxes,apecial assesaments and all other aharges ageinst the Property � . '� !.
<br /> � now or hereaftar levted. i • . '
<br /> 4. Insuranc�.To keep the Property insured ageinst damage by flre,hazardo includod within the term"extended coverage",nnd
<br /> � , . such other hazarda ae l.ender mey requlre,In amounts and with companiea acceptable to Lendor,naming Lendor as an addltional I �,
<br /> nnmed Insurod,with loss peyable to the Lender.In case oi losa under auch policles,the Lender {e authorized to adjust,coliect and . �• :�
<br /> compromise,ell clalms thereunder and ohall have the option of applying all or part of the Insurance proceeds(q to any Indebtedness �r�
<br /> secured horeby and In such order as Lender may determine,(II)to the Trustor to be used for tha repalr or reatoration of the Properiy �
<br /> or(111)tor any other purpose or obJect satistactory to Lender without affecting the Ifen of this Deed of Trust for the full amount secured �, ;
<br /> hereby beforo euch payment ever took place.Any eppllcatlon of proceeds to Indebtedness�hall not extend or poatpone the due ' ��,
<br /> date of any payments under the Note,or cure any default thereunder or hereunder. . ;' '
<br /> 5. Etcrow.Upon wrltten domand by Lendvr.Trustor shall pay to Lender,In such mennar as Lender may deslpnate,sutticlent •"'
<br /> suma to eneble Lender to pay ae they becomv due one or more oi the tollowing:(i)ell texes,assesaments and other charges agelnat ^�
<br /> �� the PropeAy, (iq the premlums on the proporty Insurance requlred horeunder,and(III)the prerniums on eny mortgage Inaurance
<br /> • requlred by Lender. •
<br /> 8, Malnt�n�nc�,Rcp�ln end Compllanc�with Lew�. Truator shali keep the Proporty In good condltlon and ropelr;shali -
<br /> • promptly repalr, vr replaCO any improvement whlch may be damaged or destroyed; ahail not commit or permit any wnate or
<br /> .' doterloratfon ot the Property;shall not remove,demoliah or substantlally alter any of the improvoments on the Proporty:shali not -
<br /> commit,suffer or permlt any ectto be done In or upon the Property In vfolatlon of eny law,ordinence,or regulation;and shall pay and ,
<br /> promptly dlscherc�e at Trustor's cost and exponse ali Ilens,encumbrancos and cliarpos lovlod,impossd or assossed agalnet the , °
<br /> Property or any part theroof.
<br /> . 7. EminsM Domaln.Lender lo heraby assignod all componsatlon,awards,dnmagos and other payments or rellef(herelnafter
<br /> "Procoede")in connoction wlth condomnatlon or othor teking ot the Proporty or part thoroof,or for convuyenco in Iiou o}condemna-
<br /> tion.Lendar shall bo ontltlod et Its optiqn to commenca,appear in end prosecute In fts own nnmo any action or procoodinge,and �
<br /> shall elso bfl entitiod to mnke any compromise or settlement In connc�ctlon wlth such teking or damuge.In tho event eny portton o1 ,.�i
<br /> ,. the Proporty Is sa taken cr�amaged,Lendor shall have the optlon,in Its�ole a�d ebsoluto dlscretton,to apply ail ouch Proceed�,
<br /> ..—. -.- ..- _�..__���..y�_.���t�_'u��W��d�..��������....���...u�..�......�..u.......tu......i.0.....e�e...v.n un..InAuh�dlnneo cu.�..cid '_.. a
<br /> ..+.. �..-.. �-�� -. ..' �ttptVVVYVUt�tlt��O�Q��V�t�OttYVOtOOt�VpM'IV��pOOt�tY4��0YV��\���VV�t��OV��Vett�t�ttW���• �wvvvw�rv..�..�...�..�.rw�..�������•�� —-- -
<br /> •� horoby and in such ordor as Londor muy det�rmino,or to upply all sucN Procaeds,a;!ar such deductlons,to the rostoretion ot the '
<br /> Praporty upon such conditlons as Lender may dotermino.Any applicetion of Procends to Indobtednoss ahall not extond or postpono
<br /> , ' the due dute of any paymonts under tho Noto,or cure any dotault thoroundor or he�eundor.Any unapplled tundo ehall be pald to -
<br /> Truator.
<br /> � 8. Periom►ence by Lender.Upon tt�e occurrenco of an Evont ot Detault herounder,or Ha�y act Is teken or legal proceeding
<br /> commencud which matarlally ufiects Lender'e Intorest In the Property,Lender mey In Its own diacrotlon,but wlthout obllgutlon to do
<br /> ` so,and wlthout notica to or demand upon Trustor and without reloasing Trustor trom any obllpatlon,do any uct which Truator hay .
<br /> � Apreed but falls to do and may alao do any other act It deome nocossary to protact the sacurlty horeot.Trustor ahall,Immedlotely
<br /> . • . upon demand thorelor by Lendur,pay to Lender ell coota nnd expenoos Incurrad and sums expended by Lender In connectfon with �
<br /> � • . the oxerclse by Leendor of tho(oregoing rights,together with Intoroet theroon at thodetault reto provlded In tha Noto,whlch shali bo
<br /> , S� added to the Indebtodnoos secured hereby. Londor ahall not Incur any Il�blllry becausa of anything It may do or omft to do : —
<br /> � hereunder.
<br /> C ��
<br /> � �
<br />
|