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<br /> ' �'.,`-< <F fµ' • • ' � � '. ����WLO , � , `��*
<br /> . - . D�ED OF TRUSY WITi�t Ftj4URE/�VANCE�� `� ` � .�- ��4
<br /> .�. r: :. . . �
<br /> . ` , � TH15 DEED CF TFtUST.ta trtade es ai 4Re 2�th �y o� Jan. `� ,t�5 bY end s.tnong ' ' ' •.� -
<br /> . � °' ths TtusOOr. PA4RIC2A L IlOHRISOH . siaqle person � . . � .'- '
<br />_ '� � ' � 25 KUESTFxR 6AKE GRAND ISL�ND NE 688�1 • • � 4 <�`
<br /> - . , • . xcRosO malitng address is (Reretn'Trusmr.°whether cne or mQre� . . ,
<br /> • � Five Points Barttt. a tSebrasfsa Corporatian � `` � '" .'
<br /> . tAe Trustee. � .
<br /> <;,5 - ---'_-_...`. . � P.0. Bax 150T Graad Island. NE 68802 • ' r " � -
<br /> .... _._,��,.�'' . whose trtalli�g add�ess is (herein'?rueteo�.end . . . , � .
<br /> __. - ..=-�."�.-= . Five Poi.nte Baak ` - —: -- -� ---
<br /> _ • ..
<br /> - . ' , . the BBnettCiary. , . •
<br />' , ` whase mailing address is 2015 H.: Broadvell Grand Ialand. NE. .688�2-15?17 (herein"Lender"� �
<br /> - ---,-.. , . . .. . .. .
<br /> ��`'�` I-'�- � -� - FOR VALUABiE CONSiDEAATtOPk irtcluding Lender's extension o!credit idarrol8ed hsreIn to - - -��- -�� -� �
<br /> r. .
<br /> �� . PATE�ICLA L I40RBISON ' �, - ' '�' • .
<br /> • � (herein"Borrower",whether ane or mnre)end the trust heretn creabd.
<br /> � �� , the reeei�!o!whlch ts hereby ackrtowledged,Trustor tlereby irrevacabty grants.transtera.canveys and esstgns to Trustee,(N t � �
<br /> � � TFtUST.YYITHPOWEROFSAL.�forthebenefltandsecuriryolLender.underandsubjecttothe�rmsandcondittonsAereinaRerset - - - .
<br /> • .7 . ::` ..... . :� , �.
<br /> :;x , � fo�ayr���e�d�i�v�i�HTS S�CUND ADDITI02i TO THE CI7'Y OF GRAHD • , �
<br /> i? r.��.--'°, ISLAHD, HALL C011ti3'Y, liEBRASKA ��'. �.-
<br />_ .�.. • ,... � . .. ;. +�.,, ; : . `,
<br /> . .., , • Together wlth eit 6utldings,improvementa,fixtures,streets..aifeys.P�Beways.easemenis.Nghts,Privlteges and appurta- ° ,
<br />- . . � nences tocated Merean or inanywise pertaining thereto.and ihe rents,issues and profit9,�eversians and remairtdera lhareoL and ,... .._. . __�,
<br /> ---:- �- . -- �uCt`�rsort8lpt�ip�ttfftliati�c8tfach�dYothe�tmprovement�so�astorconstfttute�finturelnctuding:-bWt�noilimttedto,fieatlng�arM� -,..�-------�-' T�_
<br /> .. . _ ' � caottng equipmen�and togeU�er witi�the homestead or marital tnterest4,if any.which interests ere hereby reteesed and wahred:afl ' . �" .. �, ,.
<br /> . , ofwhleh.inciudingreptacemenisandaddittonsthereW,iaherebydeclaredtoEeapaRoithar�a�esfatesecuredbythelienolthis �. �,. .;:w:y.:�
<br /> ' '... Deed oi Tnist and atl ot the bregotag being reterred to herein as the"PropeRyf'. � : . �i; . —
<br /> . ' .,...w.. �.:.
<br /> .. �; - •�y�=f:��-.-- Thl�Oeed of Trust shali secure(a).the payment ot the principal sum end interest evidenced by a pramiasary note or credit _'_ _. . �;��; _ ,
<br />� , � ' agreement dated � Jaauary 27th 1995 � havi�lg a maturiry date of January 25th 2000 .
<br /> '
<br /> ��, ;. , . , � (n the odginal pdncipat amount oi$ 12.020.50 _ � ,and any and all madiflcatlona ext�nstons a�d renewata � '` � " .
<br />- . � � � . �. thereot ar theret0 and any and aN tuture advant�s and�readvances to Borrower(or any of thsm if more than one)hereunder - •� � . ',��.. ,
<br /> � • � pursuant to one or more promissory notes or credit agreementa(heretn cal►ed"Note'};(b)the paymsnt ot other sur�advanced by , , �, r. = •
<br /> ' LenQer to protectthe securiry of the Note;(c)the ertormance of ell covenants and a reemenffi of 7rustor sat tarth herein;end all � '•`�'' � •
<br /> D 9 �� : ' •n !... . .
<br /> presenta�d tuture tndebtedness and obiigaUons of Borrawer(or any a?Nem(t more than one)to Lender whethec dlrecL IrMirect. • . , ,,.� ; �
<br />. � • �. �. absatute ar conNngent and whether adsing by note,gaaranry,overdraft or olhervvisa The Note.this Ooed of Trust end any end ail • �,- ` `�t`'
<br />- ' oltterdocuenbthat8ecurethelYOteorothemiseexecutedinconnecBontherewith.includingwithoutlfmiffiUonguatantees.securlty ' .� .�`f '
<br /> - -- -�-�"�� --�-�.— sgreemenis end assignments of leases a�d renta.Shail be reterred to herein a8 the"Loan Documents". -- -' "� �
<br /> ' Trustor covenan�and agrees wfth Lender as foltow� '
<br /> - '� t. Prymant of Ind�bt�s�.All indeb2edness secured hereby ehall be paid when due. •; ' �_;��:
<br /> " 2. THt�.Trustor fs the owner of the Property.has the�(gfit and autAoHty to convey the Properry.and warrants that the Iten . �
<br /> � � created hereby is a 8rst and prfor Ilen on the Property,except tor Uens and encumbrances set torth by Trustor in writlng�snd % �
<br /> � � dellvered W Lender before execuUon otthis Qeed of TrusL and the executfon and deltvery of this Deed otTruatdoea notviotateany � �''�.
<br /> � , contract or other obiigaUon to which Truator Ia subjsct �
<br /> � • • 3. Tax�s„AstN�mfnb.To pay betore d�llnquency all taxes,specfal assessments and all other charges against the PropeRy
<br /> _ now or hereafte►levled. ' . . .
<br /> � • • 4. (rrouranw.To keep the Property insuced againstdamage by flre,hat,arAS inctuded within the term"extended coverage°,and •� .
<br /> . - � . � �. such ather hazards as Lender may require,in amounb and with companies acceptabte to Lertder,namlrtg I.ender as an addWonat - �.�� .,.�
<br /> �. . named Insured,.with loas payabte to the Lender.ln case of toss under such policies,the Lender!s suthorized to adjust coilect end �
<br /> � " compromise,ait cfalms thereunQeranO shali have ths opUon otappying all or part of the insurance proceeds p)to any indebtedneas ' '� .,
<br /> -. �� � secured hereby and io such orderas Lender may determine,pi)to the Trustorto be used tar fhe repairor restoraUon olthe Proyerry ` " .
<br /> y. � . or(!O tor any other purpose or ob�ect saUsfactory to Lender without aftect(ng the tlen o!t�is Deed of Truatfor the bll amount a�cured ; �
<br /> ; hereby betore such payment ever took place.Any applicaUOn of proceeds to(ndebtedness shall not extend or post�ane the due
<br /> �;. � -�� '. • date oi any paymenis under the Note,or pure eny detautt thereunder or hereunder. � . : •
<br /> � � 5. Eswow.Upon w8tten demand by Lender,Trustor shail pay to Lender,in auCb manner aslender may designate,suHictent
<br /> • �• � . sums to enabfe lender to pay ea they become due one or more of the following:(�ail taxea,assessments and other chatges agatnst �
<br /> • . the RropBrty.(ii)th9 premiuma on the property Insurence required hereunder,and(iii)the premiums on any mortgage inaurance k . •
<br />- ' • requlred by Lat�Qer. i . . '
<br /> . . 8. Malnbn�nw�R�p�irs and Comp(i�ne�wtth I.twa.Trustor ahatl keep the Property in gaod condtUOn and repair.ahplt i � �
<br /> ••„� � prompUy repeir.or reptace any Improvement which may be damaged or destroyed;ahaii not commit or permft any wasf�or � �
<br /> ;: � deteHOraUon o1 the Pro e y y p perty.shail not � . � ' •
<br /> ?� . • Commi�eufter or pertnft any actto be dorre Inor p n�the Property n vlolaUon o1 any law,o dinan emor regulat�lonpand shali pay and f
<br /> promptty dlscharge at Trustor's cost and expense ail Ilens,encumbrances and charges levied,Imposed or assessed against the �
<br /> � Property.or any paR thereot . ' . .
<br /> ' \ .� � ' 7. Emtn�nl0omatn.Lender is hereby asslgned aN compensaUon,award�,damages and�ther paymenb or�etiet(herelnafter � � .
<br /> . "Proceeda'�UconnecUonwithcondemnaUonorotherffikingottheP�opertyorpartthereof,ortorconveyanceinUeuotcondemna• ! . .
<br /> ��..: �� �-.� � Uon.Lender shall be enUUed et Its opUon to commence,appea�In and prosecute In lis own name any acUon or proceedings,and I � �
<br /> . - shall atso be enUtfed to make any compromise or setttement in connactton with such ffiking or damage.!n the evont any portion o!
<br /> � tho Property Ia so takan or damaged.Lender shatl have the opUon,in Its sofe and abso(ute disereUon.to appty ail such Praceeda, ! .
<br /> • aiterdeducUng thereirom all costsand expenses incurred by it in oonrteaUon witb such Proceeda,upon any tndebt�dnesssecured i
<br /> hereby and In such order as Lender may determine,or to apply atl sur,�Proceeds,efter such deductlona,to the restore8on of the �
<br /> - _ „ � ProperiyuponsuchcondiUonsasLendermay�determine.AnyappticatldnofProceedatoindebtednessshallnotextendorpostpone , '
<br /> Ufe due aate oi any payments under the fVote,or curo any detautt thereunder or Aoreunder.Any unapptied funda shail be pald to ; , •
<br /> • . Trustor. �
<br /> ' ' . ' 8. P�i�munc�by Land�r.Upon the occurrerice of an Event ot 0efauit hereunder.or ii any ect ia tatcen or legal proceeding : � .
<br />__ �__ _._ � commenced whtch materlatfy effec�Lender's interest tn the Properry.Lender may in ite own discreUon.6ut wJthout obligadon to do � �
<br /> •. sa.and w(tAaut noUca to or demand upon Truator attd without reteastng Trustor irom any obllgatlon.do any act which truator has .
<br /> , • agreed but i81ia to do 8nd may atso do eny olher act it demns rtecessary M protect the security hereol.?rustor shatl,immediatety .
<br /> . upon demand theretor by lendar.peyto Lendor all costs and expenses(ncurred and auma expended by Lender in connecUan with � � �
<br /> •ti ' the exercise by Lender ottbetoregoing rights,togethgr with interestthereon atthe default rate provlded In the Note,which shail 6a •
<br /> , � � added to the iadobtedness secured hereby.Lender ahall not incur any Oa6liity because of anything It may do ar omit to do
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<br /> . . : hereunEer.
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