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<br /> .:-•.�,y,,;;. .����� TNIS UEED QF 7RIJ8�.le meda ee o9 the.1QS�day o1 Feb. ,18 9�by�nd�mony � �� _ s�
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<br /> ' .• theTruator, i:�r�ns� f.' qt1P^ff� T� � n_i�nln nc�r�nrt , ,;'� J ,`
<br /> ••" «itt:`� 5501 N 15dth Rd Wood Riv��r e (a�Ag:�-9714 �f'+�W�,
<br /> °y������F; who�mslllrtp nddreae id __ �_ (horeln"Trus�or; w„e�or one�ar mpre), �' �''�'""`
<br /> ���.;�jIR(!:�r+ �•; lh0 TfUStAe, - �iY° Pn1 nta Nank� a Nr�hr_;.�k� .ornor•`t{on � t�ii��-='."�;.--�
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<br /> .' r� ,y;�{;`q�, whose mellinp addreae is P'p• �ox 1 S07 Grand Ieland, NB 6@B02 (heraln'Truatee"►,�nd ' �'f�s-
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<br />-s:.'�;'���� thet3enetlalary, F1vc� Pointo Dank _ ;?'�i;;;;%:--
<br /> ; �R'A�`tA••'� 2015 N. Broadvell Grand Ioland, NE. 6680Z-iS@7 �' ,. ''°=�".
<br /> wliose malll�g addresa in (hereln"Lendrr'7. '��`="
<br /> . ���",�_
<br /> � �• � FOR VALUAOLE CONSIDERATION,Includtnp Lender's extenslon o}credit Identified hereln to �''�
<br /> . Jame� F Boroffl Jr. (horeln"Borrower",whother one or mor4)and the truat horsln created, �
<br /> the recetpt of whlch la hereby eckrtowledged,Tnestor horeby Irrevocably granta,tranetsre,conveys and asalgns to Truafee,IN
<br /> ,:;;'�' , TRUST,WITM P�WEFi OF 9ALE.{or thobenatit and security of Lender,under and eubJ�ctto the termsand condlUan�hsrelnatlsr set —
<br />�,j�t �� torth,Me real property,descr�bed as follows: _
<br /> __ "', See Attached •Exhibit A• �__�_
<br /> ,
<br />_ ^ :�?,,i.,.:. --����
<br /> __ '"� ,� .•�:-:��i�:. •� T�c�YT�er with al� bulldinga, ImpinvementA,fixtures,etreets,a118ys,passageways,eaaemente,riphts,privllegos and appurte- _—
<br /> ^ �-- na�ces iocated there�n or In enywiso pertelning thereto,and tho r�onts,Issuoa a�d protlte,rever3lona end remafndera thereof,end
<br /> - ' f such persanal propor�y that la atteche�to the improvemente so as to constitute e fixturo,Inctuding, bu4 not Urnited tq,hestinp and
<br /> ., '�" cqoling equtpmen�and together with the homest�ad or marital Interesta,It any,which Interosts are hereby reioaaed end waivsd;al)
<br /> . �, """�' ot whtch.ino(udl�g rsplacementa nnd edditlons thereto,Is hereby dectared to ba a part of th�real esteto sacured by lha I�n of titls --�"--�-"
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<br /> 7 Deed of Trust and ell ot lhe toregoir��being refarred to herein as tt�e"Properry".
<br /> � � `'"' � Thls Deed o}Tr��t ehall secure(a)tha payment of the principal sum and freterest evldenced by a prom�aeory nate ot credit
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<br /> � .r.. ..,._.. —
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<br /> "— ::: - esresmentdsten - �eDruarv AiOth iy�a ,having a maturity date of_ reoruury aaLn cn�vc �
<br /> ee
<br /> 1 r� 15 009.00
<br /> . �� in the ariginai principal amount of$ � ,artd any end all modiflcationa„extenalona and renewat�
<br /> � ,•!�i thereof or thersto and eny and all future advances and readvances to Borrower(or any of them li more than One)hDQeunder
<br /> • " •M purauant 40 one ar more promiasory notes or credit agreement�(herein called'Note");(b)the payment oi ott»r aums ect�ernsed by —
<br /> , Lender to protect tl�e secu►iry of the Note;(c)tha porfmrmance of�II covenants er��!ngreemonte of Truator seilo�lh herein;Aved(d)all __
<br /> , ,} , preaent and future indobtedness and obligatlons o!t9orrowor(oe�any of thom it more than one)to Lendar wh�rth�r dira�;t,i�dlract,
<br /> ` absolute or Gontingent and whether erising by noto,g�ua►anty,ovordreft or otherwise.Tho Note,thls Deed ni Trust and eray and all
<br /> :•,�t;�, �' 1 oU�er do�uante tFsat eecure ttio Nota or otherwise oxecuted in ca►�rtacUon thorewith,Includin without Umitadon uarantoes,securi PStk,�?�'; '
<br /> 9 s �f► �_:
<br /> �' �;�;,r��,: agreamoflts end assignments of loasos end rents,shall b�roi�u�ad to herefn as the"Loan Documents". ���� "'`'<':.--
<br /> ••• . ��,,,�� • + Tru3Yor covenanb and egrees with Londer as tollowa: ��t�+�
<br />, ' ". � 1. Paymant of Ind�bt�dn�u,All Indebtedrres�secured hereby shall bo pafd when due. k%�����~
<br /> � - �w 2.TNN.Trustar Is the ownar o}the Property,has 4ho right and authority to convey the Prope►tyr,and warrante thaS the Iien
<br /> ����-
<br /> .v � ,-, created horeb is e flrot and rlor Ilen on the Pro ��'"�'`''
<br /> Y P parly,excopt for Ilens and encumGrencea set forth by Trustar In wrlting end �.�;:�,�,_,,:.•
<br />. � :�:+1~ '� • detivared to i.ender before exacution o}thls Deed of Trust,and the�xecution and delivery of this Oeed of Truat does not vlofate eny - '��'r;;�.:__
<br /> _•-.�'rJ;t;�l!�; � contntct er oth�r obligatlon to whtch Trustor la subjeot T"'"���;�ti�i�
<br /> -- � 3. YaxN�AssswnMnb.To 3 betore doiln uenc ell texo9,s eoial assessments and all othor char ea s alnat tho Pro �'"'.".._'�
<br /> • - : "7Y;:' P Y Q Y P 8 0 Perh► '�"".,.
<br /> . .sq;; now or hersa$er levled. •.�L^�:,r;,_�
<br /> - ' ° ' _'-r 4. Insunnce.To keeQ the Pmperty Insured egalnst damage by fire,hazards Included withfn the term"extonded covore�e",end '�:��'�"`
<br /> �• . � auch other haaerds as Lender may requlre,in emounte and wfth companles acceptable to Lender,nt�ming Lortder ea an additional i' . �
<br />' . named Insured,with losa payable to the Lender.In case ot loss under such pollc!es,thQ Lend�r is authorized to ndJusC collect and -� � �`,.;-�
<br />- compromise,sll clalms thereunder and shall heve the optlon of applying alt or part of the Insurance proceeds(I)to any Indebt3dness �
<br /> secured horaby end In such order as Lender may deiermine,(11)to the Trustor ta be use�d tor the reRai�or restoratlon of tho�roperty " °'!_�
<br /> � ' 'r� or(lti;for any other purposa or object satlatactory to Lender without nHecting the Ilen ui thls Deed o}Trust tor the(ull amount secured , , ,
<br />-� _ hereby botore such paymeot ever took place.Any AppUcation ot proceods to Indebtedness shall not extend or postpone the duo '
<br /> , datb ot any paymente undor the Note,or cure eny default thereunder or hereundur.
<br /> -_ ,;;zt;: .� 5. Eacrow.Upon wrltten demand by Lender,Trustor shail�fly to Lendor,In such manner as Lender msy destgnate,sutticlent
<br /> _ ^',;y;. . sums to enabfe lender to pay ae they beaome due ono or more oi 4he followinfl:(I)nll taxes,essessments end other chargos agelnst
<br /> . �,. ° the property,(Iq the premluma on tha property Insurance requlr�oc�hereundor,end(Ilq the premiums on any mortgage in�uranco "
<br /> � rqqufred by Lender.
<br /> - , 6. M�lnt�nanc�, R�r�in end Compitanc�with 6aw�. 7rus4or ahalt keep the Property In good condition end repair;shall �
<br /> prompUy repafr, or replace eny Improvement whfch may be demaged or destroyed; shall not commit or permit any weete or
<br /> , � deturlorc►tion ot the Property;shall not remove,demolish o►substentlally eiter eny o1 the Improvemente on the Property;ehail not �
<br /> commt�s�Her or permtt fln�ect to be done in or upon the Proporty in vfolatlon olnny Inw,ordinanco,or regulatlon;and ehall pay end �
<br /> - • +;•, promptly d(acharge a4 Truator's cost and exponse eil Ilena,�ncurnbrancea and charge�Ievled,imRosed or nsaeased against tho j
<br /> . ;;.;� Proporty or any part thetoot. �
<br /> _ : ' 7. Emin�nt Qom�fn.�ender ia heroby assigned all compen�ation,awardu,damaflcss end other payrree;�Eo or rollof(horeinnftor �
<br /> - "Proceods'7 In connection with condemnation or ot?�er tnking of the Prope3rty or pa�7 thoroot,qr for convey�nco in Ilou of condomna- ;
<br /> - ''` flon.Lender shall be entitied et its option to commonce,appear In end prosecute In Its own namo any actlon or procoedln�s,and
<br /> ' �,�;� shail fliso be enNted tn make any compromise or sottiement in connectlon w(th auch takln or duma o.ln th9 event an �
<br /> g g y perilon ot
<br /> - :,_;_ the Prup�riy ts so takan or damagod,Londar ahall have the optton,In ite Role and absoluta dlacretion,to apply all such PrcMCeedo,
<br /> _ �:,_,.,.:-_:, OIVOt L.—".!�q(7u1l��ne,roirom�ii co�q ana exponaes Incunetl bylt In connoction with auoh Procoeds,upon any Indebtednasssecurod �
<br /> -� ° , hereby and In auch order a�Lender may determino,or to apply att auch Proceeds,aftor such doductions,to the restoratlon of tho �
<br /> , Proporry upon such c�ndltlona ae Lender may determino.A.ny epplicatfon of Proceeds to Indebtodness ehull not oxtend o►postpono
<br /> ' . the due date of any payment�urtder the Noto,or cure ony defnult thoroundo�or hereunder.Any unapplied(unds ehull be pald to
<br /> T�u�tor.
<br /> _______ 9. Psrtom��nc�by L�d�t,Upon the occurrence af en Event o}DefauM hereunder,or if nny act I�taken or leaal nroceedlna
<br /> commenced wt�fch materlaily aHecte Lender's Intarost In the Property,Lender may In Ita own dlacretlon,but wfthout o6ilgatlon to do
<br /> � eo,end witAout notice to or demand upon Trustor end withaut reteasing Truator fvom any obllgation,do ony nct which Tru�tor haq
<br /> a,�reed but(alls to do end may alao do any nthor act it dttem�neco�aary to protACt the security heroof.Trustor shalt,Immadlately
<br /> „ upon demand the�efor by Lender,pay to Lender all cost3 end expenae�Incurred nnd suma expended by I�onder In conneclton wlth
<br /> , tha sxorcise by Lon�er ul ftoe inregoing rlphts,togethor with Interost thorcon nttho dotnult rnto providnd In thn Noto,whlch shall be
<br /> , added to the indebtedness secured horeby. Londer ahall not Incur any ilablllty because o1 anythinp it mey do or omtt to do
<br /> � hereundor.
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