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<br /> ''' ` . ` ` DEED O�TF�UST WtiTH Ft�TURE d69YANCFS '. ,, o: -, ��
<br /> � � ��� Jart. _ 19,�by end art�on� � {�
<br /> .. � . - TF4tS DfEO OF TRUST.ta made as ot tAe_1�3h_day of � � :.�"'i
<br /> � . • theTnastor narn a K P�s•�rtann A,�-hand and i11�£P ; � t` ��_
<br /> � ' ' � Thenn� P P'�rri o�r��, • � -
<br /> � � Grand Eglanc� �fle„6�8�1-6749 1 � . t°��
<br /> ' `'t � • wt�osa matling eddress ta 710 11 John St' erein�Tru r. w er one or more. � ,
<br /> ' , th9TN0lB8. �jvR+ Pni*+tu Rank� ^� N hr^8�� �orporat�an _ " _ . ,,. •
<br /> --- _-- �� - P.0-. Sox I507 Grand Ialand. ttE 68802 - • � ` , t.
<br /> . -='_" v�t�oae maiting addresg,[s (herein'Trust�e'7.and - — -•
<br /> � ... the Benettclary. Five Points 8ank � ,. � .
<br /> .�� -- _�; '- c y����i����8 2�15 H. Broadvell Grand Is�and. HS. 68802-1507 (herein"Lender�. . ' .
<br /> - .-. ---- -._� . 7't►oaas 6 tiarrtson _- .
<br /> • FOA VALUABLE CON3iDERAT[ON.incEuding Lenders extenston ot credit idernifted herein to • :
<br /> � f � 8 Barbara K Garrison (herein°BoROwe�'.whether one or more)and tAe uuat heteln creat2d - . , '
<br />° . � the recetpt ot which is hereby acknowtedgatl.Trustor hereby trrevocabty granis.trensfers..COfi►6118 S�Id BSS�QAS tD TNStSB.iN
<br /> �' � � °� TRUSY.WfTHPOYYEAOF3ALE.torthebenefitandsecurityotLender.underandsubjecttothetermsandcondiUo�shereinafterset . .
<br /> . ._ • , . � brth.the real prCpeRy,described as tollow� ' � � .
<br /> Lot i, Favnaares Sixth Suhdivision, Hall Countq, Hebraska. . �- ,
<br /> Lot Tventy-four (Z4) in 14arylane SuDdiviaion. Hall County, Hebraska. , _ .
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<br /> Tagether with ail buHdings,improvementa,fixtares,stresta aiteys,passageways,easements.rights,priviteges and eppuRe- � �
<br /> � � nar.ces tocated.thereon a in.an�y�ri�e�ert�(ningthereto,as�d the renls,issues arM proftts,reversions and remalnders thereof,and •
<br /> � • such persona!property that is at�ched to the Improvements so es to consfltiite a f�xture,incTu�i�lg,isuTrtaYti�rrited ta;heating and -. .
<br /> cooitrtg equipment and togeNes wtth the homestead or marital interests,if any,which intereats are hereby reieased and watve0:all , _.: .
<br /> �• , � of whtch,tncluding replacementsand sddiUonsthereto,is hereby dectared to be a partof the real esTatesecured by the ITen ctthia , • -
<br /> ' � Deed of Trust and ali of the foregoing being referred to herein as the"Propert�'. � %�..(_
<br /> . ; i; �r�'�—
<br /> � This Deed of Trust ShBif s�cure(�the payment of the pdnctpal sum and tnterest evtdenoed by a promissory note or credit � ,��•� '
<br /> . � agreement dated JanuarX 19th 1995 hsving a meturlty dste o1 July 18th 1995 � '
<br /> � ` ; tn the odg(nal principat�mount o?$ 1�.5�0.�a ,and any and ail modiflcaUons,e�Rensions and renewafs _ , �
<br />� ' thereof or thereto and any and ail future advances and readvances to Borrower(or anyt ot 4hem 7 rr:are than one)hereunder . r.
<br /> pursuant to one or more promissory notes or credit agreernents(hereEn called"Note'�;(b)the payment of o3her sums advanced by _ ,: (
<br /> � � Lsndorto protectthesecuntyof the Note:(c)the peRormance o!all covenants and agreenenta otTrustor Setforth herein;and(�all ,
<br /> . ` preserrt artd tuture indebteQnessand oblfgaUon9 oi Borrower(or any ot Mem(f more than one)to lender whether direch.indirect - . ;.�°,'�`'.�
<br /> ' ' "� absotute or conUngent and whether arlsing by note.guaranty,aveNraft or otherwise The Hote,this Deed of Truat and any and eil ! ' '` �z'
<br /> •.•�r . „ � . ��:f�.:.
<br />,,..----�-- -� -.�=-�-= �- otherdocuentathatsecuretheNoteorothemissexecutedinconnectiontherewtth,inc[udingwithoutlim(taUonguarantees.secu�ity � ;.:y .s
<br /> ' ' . agreements and assignments of lesses and rents,shall be reterred to herein as the"Loan Documents". f � �f
<br /> � • Trustor wvenanb and agreea w(th Lender as foifows: • .
<br /> � � � 1.Paynf�nt W Ind�bt�dnw.All tndebtedneas secured hereby shail be paid wfien dua _ .:
<br /> � 2.TiBe.Trusior is the owner ot the PropeRy.has the right and auMority to convey the Property.and warrants that the Iten � „�:,�:
<br /> • �� �� � � created here�y ts a ftrst and pdor lien on the Property,except tor liens and encumbrance�set foRh by Truator in wriUng ana . ; .
<br /> ' defivered to Lender betore executfon at thls Deed of TrusL and the execution and delivery of this Oeed ot Trust daes rtot vtotate any � - �_ .:�`'� .
<br /> � • . � � contract or other obiigatlon to which Trustor is aubJect j . , .,�� .
<br /> ' g,Taxq„As�sm�nb.To pay betore detinquency all faxea,apeciai assessments and all other charaes aQa�nst the Property
<br /> � � • naw or hereafter tevled. �� •
<br /> � � 4.tnsuranc�.To keep the Propedy insured againstGamage by fire,Aazards tnctuded wlthin the tertn"extended coverage",and � �
<br /> " ' � suct�other harards as Lender may requtre,in amounts and with companies acceplabtA to Lender,nam9ng Lender as an addiUOnal .
<br /> � oamed tnsured,w(tA(osa payaDte to the Lender.In case ot toss under sueh poActea,the LenQer is suthorized to adJust coitect and � •
<br /> �_ ... � com romise,all claims thereunder and ahall hava the option ot applying all or paR of the insurance proceeds(i)to any inQebteEness
<br /> -- � P � `��. .
<br /> = � � secured hereby and in such order as Lender may determine,pi)to the Trustor to be used tor the repairor restoraUon o!the Properiy
<br /> � • � � or(ii�faranyotherpurposeorebjecteaUsfactorytoLenderwithoutaffectingthelienolthisDeedofTrustforthefullamountsecured I � , .
<br /> -. - � �ereby bebre such payment ever took ptace.Any appticason of proceeds tp Indebtedr.ess ahall not extend or po�one the due
<br /> - � • date of arry payments unQer the Note,or cure eny detau:i chereunder or hereunder. �
<br /> : . • � . 5.EseroW.Upon written demand by Lender.Trustor shail pay to Lender.In such manner as LenCer may Qesignate.suiftcient f. � •
<br /> " suma to�nable Lertdet to pay as they become Cue one or more of the toltowirtg:(i)eil faxes,assessments and other charges against S ,
<br /> , , . ' the Property,p�the premiums on the property Insurance requireQ hereunder.and(ili)the prertNuma on any mortgago insurance � �
<br /> � � , • required by IBnder. .
<br /> ' �-- - � 6.Maint�nana,Etfpaln and Compitane�witA La�s.Trustor shall keep the Property in gaod condiUon aRd repair,Shail t
<br /> . ��, . _. . . .. pramptty repafr.or reptaee eny improvement which may be damaged or destroyefi shall not commit or permit any waste or �
<br /> QeterioraUon af the Praperty;shatl not remov�demollsh or substanUaliy alter any of the ImprovemeMa on the Propertyr shail not �
<br /> � � commi�aufteror permttarry actto bedonein or upon the Property in vlotaUon ofany Iaw.ordinance.or regutaUon;and ahatl payend : • �.
<br /> � � prompUy discharge at Trustar'e cost and expense all Ilens,encumbrances and chazges Isvted,imposed or assessed against the !
<br /> — Pmperiy or arry paA thereol. : �
<br /> _ 7.Eceia�rn!Oanalrt.lender Is hereDy assigned a0 compensaUon,awards,damagea and other paymerm or reliof(hereinafter ; .
<br /> - .- -. "Pnoceeda'�in conneetion w(th conQemnaUon or othertaking of the Property or paAthereol,ortor conveyance in Neu olcondamna- (., .
<br /> • • Uon.Lender shail�e enUtted at ib optton to commence,appear in and prosecute in its own name any acUon or proceedings,end � .
<br /> °, . shall atso tre ernitted to maks any compromise or setttement in connec8on with such taking or Qamage.tn the event any pordon o1
<br /> - . the Properry la so t8ken or damaged,Lender shail have the opUon,tn Its sote and absotute disereUon.to apply alt sueh Proeeeda, :
<br /> afterdeducUngtherefrom all eosts and expenses incurred bylt in connecUon wlthau�h Proceeds.upon any Intlebtedne99 secured �
<br /> `-��� hereby and In such order as Lender may determine,ar to appty ail auch Proceeds,aftes sucA deducdons,to the restoration oi the ;
<br /> � -' �� Propertyuponsuchcon4ittonsesLendetmaydetermine.AnyeppitcattonotP�oceedatoindebtednessshailnotext9ndorpostpone �
<br /> •� . .� . the due date o!any paymenis under the Note.or cure any default therc�sunder or hereunder.Any unapptled turtds shall be paid to • �
<br /> � • � Trustar. � _
<br /> 8,plttprAtane�by L�nd�r.Upon the oecurrence ot an Evsnt o!Detau!!hereunder.4r if any aet is taken or fegal proceeding
<br /> �.-: ' : • - ccmmencedwhtct�materlatlyaitectslender'slnterestlntheProperty,l8ndermayinitsowndlscreUon.butwithoutobllga8ontodo '
<br /> �� . so.and withaut natice to ar demand upon Trustor and wtthout reteasing Trustar irom arty obtigat[on,do eny act.which Trustor has :
<br />—�� .�' • egteed Dut taifs t0 do end may also do any other act It deems necessary to proteCt the securiry hereoi.trustcr shall,immediat�ty ;
<br />■� � ' upon Qemandtheretor by Lender,pay to Lenderall casts and expenses incurred end sumaexpended by Lsnder in conrtecUon wlth :
<br />__ � � tho eucarcise by Lendsr ot tf�e toregoing dghb.tagotherwith fnterest thereon atthe defauU rate pravlde0 in tha Note,whtch shaq bA `: �
<br /> uc
<br />=,� ' � � __ edded to the indabt�dness sesured herehy.Lender shatl not mcur sny liabtlity because of enything it may do or omit to Eo ? •
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