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<br /> �RUSTOi1 13EAD 7H15��FORE SIGNING: � —
<br /> � Ttuetor undont�ndo tt�a!tho document thot 7ruator Is about to oxecuto ie o Dead ol Trunt ond not e mortpope onJ that the powei „ _ ��,,__s, �
<br /> � ol eafe provided fo�in the Decd ot Truet providas eubstantialPy diffarant riphto ond oblipotiono to Truntov thnn o mortps�e In th�avent o1 . ..{:>,';��
<br /> e dafeult or breaah of oblipatian undor tho Doad o1 Trunt,includinp,but not limitod,t ,the Lcndor'e rlpht to hn�e tha P�operty solc9 by the '`'�
<br /> t wee executsd by Trwtor holure th� `�,•
<br /> ^ Yruote�without sny judicial proceedinp.Truetor repeesente ond worrAnte thet t ' ,t ,.ty�+=�'-�'.
<br /> . .'S�'' R:*'.
<br /> oxacutlon of tho 1]ood of Tmot. � „ ' �
<br /> �, . � _-
<br /> R'LCHA ~ R LANDE x�.:nS�,�Y�,�---
<br /> TRUSTUR -
<br /> • .�.
<br /> TRUS1'OR �L '
<br /> ,;a�c_
<br /> ��
<br /> DEED OF TRIJ�T WITH FUTURE ADVANCES °��-
<br /> ,�:.:
<br /> , THIS DEED OF TRUST, is mado ns of tho 17t doy of NovembeY ,19�,by end amony � �` 1'
<br /> "�`
<br /> the Truetor, RICHARD R I.ANDELL A SINt3LE PERSQN � '��'
<br /> whosa mailinp uddre�o ie 12079 S MCGUIFiF RD SHELTON NE 68�horoin"Truotor,"whothe► one or morel, . `w�••�� �'
<br /> y�,
<br /> �F
<br /> tho Trustoo, AREN� BAACK � • "••'*_•C�.
<br /> CiRAND TSLAND NE 68802 (heroin'Taetae'I,and �`'.'"��'�t Yr,
<br /> whoao moilinp oddross is� O BOX 790 � .,.
<br /> , tho Bonoficiory, THE OVERLAND NATIONAL BANIt OF GRAND ISLAND • �� '� �
<br /> whoae mailinp oddrose is p a BOX 1688 GRAND ISLAND NE 68802 (herein'Lander"1. _ .��sLL
<br /> FOR VALUABLE CONSIDEGtATION,includinfl Londor's extansion of crodit identifiod ho►ein to RICHRRD R LANDELL '�+'� _T'•
<br /> •:� ,�1 .
<br /> • o��-
<br /> (herein "Borrowor', whather ono or moral and the truat horein creatod,the —
<br /> recofpt of which is hnroby ncknowlodped,Trusear heroby irravocably grants,tronefare,convays ond aseigns to Trueteo,IN TRUST,WITH �t
<br /> o�w� �e gn�o � � r. ..:,� .a i a,.��. ��.,�ar nnd subfnet to thn terme nnd conditions horoinaftor eot forth, the roal �`r` .
<br /> •--
<br /> --- -- --— P. . ,ar tFa..:r.s.., c.^.d ��rc--
<br /> -- -- _....... _ . !'
<br /> , proporty,doeaibad ns follows: o .;� ;,
<br /> See Addendum A � �. �
<br /> � � ; �!;
<br /> . f
<br /> ToQr�thor with all buildinfls. improvomonts, fixturoe, etroots, ulloys,poaeapawnys, eosamonte,riphte, privilopao nnd appurtenencos ' 4r .
<br /> ' ,��
<br /> " "� `� looulod theraon or in onywiso pertuininp thoroto,nnd tho rents,iss�es ond profits,revere�one nnd romnindore thoraof,nnd euch poreonal �
<br /> I " ; �.@I'.
<br /> '".'' proporty that is attnched to tho improvomonte eo ns to canatituto e fixturo,including,but not limitod to, hoating and coolinp oquipmant; ,�•,
<br /> ,. ' � end topether with the homostoad o�mnrital interoate, if a�y, which intnru3te oro horaby rol0000d ond �vaivad; ull of wF+ich, includinp ! ,' � f
<br /> � roplacernonte and odditions thorato,ia horoby doclerod to bo o pert of tho roal ostote socurnd by ti�o lion of thie Dood ot T�uet and all of ,� �
<br /> • tho toropoing boing raforrod to horoin a�tho"Proporty". �
<br /> This Oood of Tmat shall aocuro lal tho paymont of tha principnl aum nnd interost avidoneed by o promi�sory note ot credit
<br /> +
<br /> I .`.y.:���
<br /> 1 _/O1 99 ' :1 �
<br /> ' ag�eomont dated 11!17/94 ,havinp o mnturity dnto of ._� � �
<br /> � in tho ori inal prma e� amount of S pnn_nn , end ony ond nll modificatione,oxtonaions ond ronewels E „,,, �
<br /> 0 p
<br /> � thereof or thereRo ond any ond all futuro udvoncos and raadvuncos to Borrower lor any of tlium if moro than ono)horoundor purauent to
<br /> . o�se or more promisaory notos or crodit nproomonte Ihoroin callod "Nota'); Ib)tha paymant of othor sums advoncod by Londer to protect } ���
<br /> •�<.� tho aocurity ot tho Noto;Ic) tha porformnnco of oll covononts and agraomonte of Trostor yet forth horoin;and(d)nIl proacnt e�d(uture � �
<br /> indebtednasa end obligatione o! Borrowor (or nny of thom it moro than ono!to Londor�v?�othor diroct, indiroct, abaotuta or continqont � �.
<br /> •� ond whothar orisinp by noto,punronty,ovardraft or othorwise. Tho Noto,tliie Dvod of Trust nnd any ond all otho�documente that eocuro i r' 1
<br /> the Note or othorwise oxocutod in nonnootian thorowith,includinp without limitotion guarontoos, socurity upraomonts ond ossiQnmonte � �� �
<br /> i
<br /> of loosos ond►onto,ehnll bo rotorrod to horoin ns tho"Loan Inetrumente". • •
<br /> Truotor covonunte ond aproos with Londor as follows: • �
<br /> , 1.P�;ment of Indebt�dne��.All indobtodnoss soc�rod hvroby shnll bo paid whon duo. �
<br /> . 2.Tit��.Yruetor is tho owno�of tho Proporty,has tho vi�'ht and uuthority to convey tho Proporty,and warrunto thnt tho lion r.roetad � .
<br /> ' horoby is o firet ond prior lion on ths Proporty. oxcopt tor lione and ancumbroncae sot forth by Trusto�in writing ond dolivorad to Londor
<br /> botoro oxocutiQn ot thie Deod of Trust, and the oxacution nnd do6vory af this Dood of trust doos not violatv ony controct or othor , _
<br /> y obligution to which 7ru�tor �s subjoct.
<br /> .. 3.Texe�,Ateoeementa.To pay botoro dolinquancy all texoe.spocml ussossmonts and oll othor chnrpos uflninot tho Proporty now or ,
<br /> � horonftor Iaviad. '
<br /> 4. Ineurance. To koop tho Proporty insurod apoinst domnpe by firo, hoznrds, includod �vdhm tho torm 'oxtondod covoropo', nnd
<br /> such othor liozarde os Londar moy roquut,m omounte nnd w�th compan�os uccoptablo to Landor,nnminp Londor us an additionnl namod
<br /> inournd,with loss pnynblo Ra tho Londor.I�caeo of Icss undor such polic�as,tho LonJor is nuthonzod to odjust,oolloot and compromiso,
<br /> all ctnimo thoroundor ond ahall hovo tho option of applying otl or port of tho in�uronco procoods(i)to any indobtodnos9 aocurod ho►oby
<br /> nnd in cuch ordor ns londer may dotormino,(ii)to tho Truetor to bo usud for tho ropoir or�ostoration of tho Proporty or Iiii)for any othor
<br /> purposo or objoct sotisfuctory to Londor without olfoctinp tho I�nn of this Dood of Tru�t for tho full omount eacurod huraby boforo such
<br /> payment ovor tooY.placu.Any uppliaotion o}procaods te indobtodnos3 sholl not oxtend or postpono tho duo duta of any paymente undor
<br /> �1��1��� � .J�t�.�4 W���.�J����L���..�.1�
<br /> ___ .___ . _. ---� •..a..wo.vi:v7v m.}vv�w.•v�v.v..r.vv.v...v.vv.w.... ' -- -
<br /> 6.Eacrow.Upon writton domand by Londor.'frustor choil pay to Lendor,in such murnier os Londor moy dosipnoto,cuflicient suma
<br /> , to cnnbta londar to poy o3 thoy 5ocomo duo ono or mora ol tho lollowin�: (i) oll toxos, nssossmonto and otFear chorpos aflainst tho
<br /> Property, (iil tho pramiums on tho proporty insuranco raqu�rod horuundor, ond lu�l tho premiums on any mortpopu in�uronco roquirod by
<br /> � ' Lendor.
<br /> 6. !'Aafn4�a�anc�,itopairo a�d Complianc� vJith Lntve. Trustor shall kaop tNa Proporty m qood condition ond ropair; shnll promptly
<br /> • ' topair, or roplaco ony improvemont which m�y bo dnmagad or dostroyod; shnll not commit or pormit nny waeto or doto�iorntion of tho
<br /> Proporty; sholl �ot romovo, demolish or substanhnlly altor any of tho improv^monte on tho Proporty;sholl nat commit,suflor or pormit
<br /> , ony ect to bo duna in o�upon tho Proparty in violotion ol any la�v. ordinor.co,or ropulntion; ond shall puy and promptly disherpo at
<br /> Tru�tor'o cost ond uxpeneo oll licns,cncurcibrnncos ond chorpos lovicd,�mpo�ad or asaassod a�amat tho Proporty or nny pntt thoroof.
<br /> � 7. [minent DomR:n. lcndor is horaby o�eignod oll curnpvnsnt�on, awords, damnpos und othor pnyrnor�tu or rol�oF (haroinofter
<br /> +'� , . 'Procoads'I in conr�cctwn w�th co��dornnotion or othor tnkinp ol thu Porporty or purt thaoof,or lor convoyanco �n I�au ol condomnnt�on.
<br /> � , Landor shull bo cntitlod at�te option to commonco,oppoor in ond prosocuto m its own nomo any nct�on or procoodin{�n,nnd shall olso bo '
<br /> ontitlod to moko ony comprumiso or sottlCment in connoction wdh such tnkmp or dnmogo.In tho avc�nt nny port�on of tho Prvparty is so
<br /> � �
<br /> ��oc a4ai c�on.���ta�uu o.ea�r,ev �o.vn
<br /> � A �008 epac�D.w N C��,TOC.t,m�w sa,rn.n»oa�va+.���c�:�.N�e.r.k� -
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