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<br /> � THI�D�ED OF TRUST, Is mndo es of the�l��day o1 �Q0• , 10 `�� by nnd ameng �'-'
<br /> -„
<br />- ' ' the7ruetor, T�onth��Rer,f��hw t ,�_+.■ �p,�e�hs , h��D���n�,vi�� ,
<br />-- • 117 M 21�t 8t (3r�nd I�l�nd 1t� ,�iD80 -237� �4
<br />_ • whoae melllnp eddreae le - �.� (henlr�"Tru�-tor, urfi��r one or mon), __
<br />. the 7ruetee� t'±ue Pn,�nt■ Aaflpy„ibiel�ebtk�"��„�?►�:�.���i1_,.�—.- - , ��.
<br /> whoee mellinp addreae le P'�• Box 1�07 (3r�nd I�l�nd, HB f 8802 (hereln"Truetep'�,�nd --
<br /> „ the Oen�liclery, Fivo Point• Bmk ___ _ =
<br /> _ �
<br /> • whoae melling addresa le Z015 A. BroadM�ll (3r�nd I�l�od, NE. 66802-1507 (herein"I.ender'q. --
<br /> FOR VALUABLE CONSIOERATION,Includinp Lendor's extenslon o}oredlt Idontifled herbin to iwat�y S Spi���
<br /> ' S Liea !! 3piehe (hareln"Borrawer ,whether one or more)and the truat herein created, �,n
<br /> � ' � the recolpt o1 which is hereby acknowledged,Truetor heroby irrevocably grants,trentiers,convcrys end eaaigna to Truatee,IN �_�._
<br /> TRUST,WITH POWE�1 OF SAL.E,for the benetR end socurity of Lendor,under artd subJectto tho terms end conditlona herelnatier set ���'
<br /> ' torth,the real property,describod es followe: -=_
<br /> ' Fraationel Lot Seven �7). ia Fraetional Bloak S�xte�n 616), in B�ker'■ —__
<br /> Addition and ita aor�pler..�nt Fa�aat�an�x Lot Seven t71� in Fraation�l Blo�sh One —_
<br /> ,� ,> t1), in Yoodbine Addition to the City of Gr�nd Ie10nd, }Isll County, Nebraek�. —__
<br /> : Together with oll buildings,Improvemente,(ixtures,atreeta,alleys,passageways,easements,righte,privilepea end appurte- �`�
<br /> nances located thereon or in anywise peRetning thereto,and(he rente,Issues end protHs,reversfons end remaindere thereof,end -
<br /> such personal property that Is attached to the Improvements ao es to conatitute e fixturo,including,but not Iimlted to,heattng end r__
<br /> " cooting equlpmenx and together with the homestead or merital Interests,if eny,whlch Intereata are hereby releaeed and walved;all --
<br /> o}whlch,Inaluding replacemente and additions thereto,la hereby declared to be a part of the real estete secured by the Ilen o?thla �
<br /> Deed of Trust and all of the toregolnp beinp referred to herein as the"Property". ,__
<br /> , �� 7his Deed of Truat shall secure(a)the payment of the principal sum and interest evldenced by e promissory note or credit '���
<br /> L;.__
<br /> eareemnnt dated De�ewioer let 1994 ,havinp o maturity date of Decew�ber let 1999 _
<br /> _ � _ �
<br /> . in the orlginai principal amount of S 1�'��'� ,and any end ell modificatlona,extenstone and renewals ��
<br /> thereof or thoreto ond any and all tuture advancea and roadvances to Borrower(or any of them I}more than one)hereunder
<br /> pursuant to ono or more promissory notes or credit egreements(herein called"Note");(b)tho payment of othar aums advanced by
<br /> Lendor to protect the security of the N�te;(c)the pertormance of all covenante and agreementa of Truator set forth h�retn;end(d)all =
<br /> present and future Indebtedness and obllgations of Barrower(or any of them it more than one)to Lendor whether direct,indtreoL �-
<br /> absolute or contingent and whether arising by note,guaranty,overdraft or otherwise.The Noto,thie Qeed of Trust and any and all :--
<br /> . other dacuents that securo the Note or otherwlse executed in connecUon therewith,Including without Iimltatlon guarantees,security ��
<br /> ngreements end asafgnmente of teases and rents,shall be referred to herefn as the"Loan Documents". �"-rt`•
<br /> Trustor covenants and agrees with Lender ao follows:
<br /> 1. Paym�nt ot Ind�btedn�a.AII indebtedness securad hereby shall be pald when due. '�
<br /> 2. Yit7�.Trustor Is the owrter oi tho Property, has tha rlght and authority to convey the Property,and werranta that the Iien �;
<br /> created hereby ia a firat and prlor Iien on tho Propertyr,except for Iiens and encumbrences set forth by Trustor In writing and
<br /> delivared ta 6ender before executlon of thfs Deed oi Trust,and the executlon and dellvery ot this Deed of Trust does not vlolate any ��_�.
<br /> � contract or othe►obiigation to whlch Trustor Is subJect
<br /> • 3. Tsx��,A�s�imenb.To pay bofore delinquency ail taxes,spaclal assessmenta and ail other charges agslnst the Property •��
<br /> now or hereafter levfed.
<br /> , " 4. In�unnc�.To keep the Proparty Insured agalnst damego by tire,hazards Included withln the term"extended covsrage",and '
<br /> such other hazards ae Lender may requlre,In emounts and with companles acaeptabte to Lender,naming LendAr as an additional
<br /> named Insured,with tosa payable to the Lender.In caoe of loss under such pollcies,the Lender is authorized to adJuat,collect and _
<br /> �' � compromlae,all clalma thoreunder and ahall have the option of epplying all or paR of tho Insuruncv procoods(f)to any indebtednesa
<br /> , , secured hereby and in such order ae Lender mey detarmine,(II)to the Trustor to bo uaed for the rApalr or restoratlon of the Property
<br /> or(111)for any�ther purpose or obJect satlafactory to Lender without aNecNng the Ilen ot thls beed of Truet for tha full ampunt aecured
<br /> hereby before such pnyment ever took place.Any application of proceede to Indebtedness shalt not extend or postpone tho due ,
<br /> date of any paymonte under the Noto,or cure any dofault thoreundsr or hereunder.
<br /> „ 6. E�crow.Upon writtsn demand by Lender,Trustor shall pay to Lender,in such manner as Lender may designate,auificient I
<br /> sums to enable Lender to pay as they become due one or more of the tollowing:(I)eil taxes,assessments and other cherbes aflainat
<br /> , � the Property,(li)the premiums on 4ho propctrty Insurance requlred herounder,and(iil)the premfums on any mortgage Insurance I
<br /> requlred by Lender.
<br /> 8. Matnitnanc��RFp�in and Cumpflanco w(th Laws.Trustor ehali keep the Property In good condltion and repalr;3hail �
<br /> i promptiy repalr, or replaca any Improvement which map be damaged ar deatroyod; shell not commit or permit any waste or �
<br /> dotarloratian of the Proporiy;chnll not romovo,domollsh or substentlally alter any of the improvements on the Property;shali not �
<br /> commlt,sufter or permlt nny act to be done In or upon the Property In violation of any Iaw,ardlnance,or rogulatlon;and ahall pay and �
<br /> promptly discharge at Trustor's cost anci expense ell Ilena,encumbrnncas and charges levied,Imposed or essesaod againat the
<br /> Propsriy or any part thereoT. '
<br /> 7. Emin�nt Domdn.Le�de�Is horeby nssigned all Gompenaatlon,c►wards,damagea and othor payments or relfei(hereli nfter
<br /> "Pracoeds")In connoctlon wlth condemnatlon or other teking of tho Property or part thoroof,or tor convoyance In Ileu of condemna-
<br /> tlon.Londor shnll bo ontltlod nt Ita optlon to commonco,appear In and prosocute in ita own nama uny nction or proceodinga,and i
<br /> shali nlso be entllled to make eny compromise or rserilement In connoctlo�wlth such takin�Or damage.In the event nny portton o}
<br /> • Ihe Property la so taken or damagad,Lender sholl have tho optlon,In Ite sole end absoluto dlscretlon,to epply oll ouch Procoeds,
<br /> �- aiterdeducUna thnretrom ali coste and e�cnenaos Incurrod bv It In connacUon with euch Proccods,upon any Indebtednoss secured
<br /> --_ -- = _ --_- _ . .
<br /> hereby und In euch order ae Lender may determine,or to opply all such Proceoda,uRer such daduction3,to tho restoratlon of tho
<br /> - Property upon euCh conditfona ae Lendor may determino.Any appllcatfon ot Proceode to Indebtodness shvll not extend ot postpone
<br /> ; , � the due date ot eny paymonts undor the Noto,or curo eny dotault theroundor or�eroundor.Any unappllod fu�ds ahall be pnid to
<br /> � Trustor.
<br /> 8. P�►�formanc�by L�nd�r.Upon the occurrence ot nn Event of Deteult hereunder,or If eny act Is teken or legnl procoedlnp
<br /> ;� commenced which materlally c�itocta Lendor's Interest fn the Property,Lender m�y In Ite own dlscrotfon,but�vfthout obllgatlon to do
<br /> � so,and wltEiout nottce to or demand upon Trustor end wlthout roloasing 7rustor irom any obllgotlon,do any uct whfch Trustor ha3
<br /> agreed but fatls to do and may also do any other act ft daems nocossary to protoct thQ security heroof.Trustor shall,Immodtately
<br /> � upon demend theretor by Londor,pay to Londer oll coats and exponses Inaurrod nnd aums expandod by Lender In connoctifln with
<br /> tho oxorcicv by Londor ot tho forogoing rights,togothvr with intorest theroon et the doteult rate provided In the Note,whlch shall bo
<br /> addod to tho Indebtcdness oocured hereby. Lendor ohall not Incur any Ilbbllly becnuso of anything It r•aay do or omit to do
<br /> �,.• horeunder.
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