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<br /> DE�D OF Tli�JST WITN FlITU�i� ADVA�NCES '��•�-- �,�}�9��:� � _,
<br />. , THtS QEED OF YRUST,is made ae o1 the�Z�.day oi ���1'• ,1fl.=,�� by end amart� -
<br /> the Truator, �'nrr�.�, Tnhnnna � a1 p(�,�r� nF+r�o , , '
<br /> a �1 �, _
<br /> wi�oso nialUn ecldress Is 2623 W kflugh St Gr4nd Isl�nc�hareln"Trus�oi;'w-hb`iiier one or mora), '
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<br /> the TfuBtee, Fivca Pn�nta Hank�a Nghrr�aka •mcy�ora .ion , ;
<br />, ' whose mallinp address la P.0. Bax 1507 Grend Ieland, NE 6fi802 (hereln"Truetn�f"),and • '
<br /> � the Beno4lclery, Five Pointa Benk
<br /> whose malllnp eddress Is 2015 H. Broadvell Grand Ieland, NE. 688fD2-1507 (hpreln"Lander"). '
<br /> FOR VALUABl.E CONSIDENATIQN,Inaludinp Lander'A extenalon ot credit Identitled hereln to. ,
<br /> Terry A Johnson (horein"Borrawar",whather on4 or mqre)and thH trust hereln created, °
<br /> . the recelpt of whfch Is hereby acknowledged,Trustor hereby Irr�vocabiy granta,tran�fera,conveys end asalgna to Trustee,IN . �
<br /> TRUS1',WITH POWER OF SALE,for the benefltand security of Londer,under and subJect to the terms and condltlon8 herelnafter set ,. ,
<br />' forth,the real property,des�rlbed as tollo►��: �r,..
<br />` The North Ten f10) Feet of Lat Tvo (2) and all of Lot Three �3), Block Two I2) W• �'
<br /> 1'r,•� Wxlliam Burger's Addition to the Village of Doniphsn, Hall f,ounty, Nebreeka. '' �'�-'�'`__`
<br />�'"' , �.ti. ••,�=.
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<br /> • Together wiin nif buiidinga,improvements,fiixiurea, atretlta,niitlya, pasaaynwayrr,nasements,rights,privilegee&nd appurte- " �'"u � � "'
<br /> nances located thareon or In anywlae pertaining Ihereto,and the rente,issuea end proflts,reverslons and remalndere thereot,and � "'`"'�}"'�}���
<br /> ��:_•L--"_
<br />' • such personal property that Is attached to the Improvementa so es to constitute e flxture,inoluding,but not Iimited to,heatlnp and �`'� '-
<br /> � .��,�r=_
<br /> coolinp equlpment;and together with the homestead or marttal interests,if eny,v�hich Interests are hereby released and walved;all � • ;'��•�.,�.,,
<br />• . of wMch,Inciuding replacements and addltione thereto,is hereby doclurod to be a part of the resl estate aecured by the Ilen of this � -
<br /> ° �� Deed of Trust end atl af the toregoing being referrod to herein ae tho"Property". :, �; r;♦.�`�
<br /> �,_ .:
<br /> Thla Doed of Trust shall secure(a)the poyment ot the princlpal aum and Interest evidenced by a promlasory note or Credit
<br /> agreement dated Harch zna 19�5 ,having a maturlty date of Narch let 2900 �. .�:��, ���
<br /> ��`'�"•'r�.
<br /> � In the original principai amount oi S 17,130.68 ,and any and all moditicatlons,extensione and renewalt� q'•+�,}'.�?- �
<br /> the�eof or thereto end any und all futura advancea and readvancea to Borrower(or any of them If more than one)hereunder ;ti:;;�r._�
<br /> purauant tq one ar more promissory notea or credit agraamente(horeln calted"Note");(b)the payment of othor quma advenced by �_ ���''�'�.
<br /> � ' Lender to protect tha seoutlty of ihe Note;(C)the performance of all aovenants and agreements ot Trustor aet forth herein;and(d)all � ,r�'�..
<br /> prosent and future Indebtednoss and obligations of i3orrpwer(or any of them it moro thnn one)to Lender whpthar dire3ct,IndireCt, � •'�`�,�
<br /> a b s o l u t e o r C o n t i n g e n t a n d w h e t h er er l s i n g by n o t e,gu ara n t y,ov e r dr a ft or o t h e r w f s e.T h e N o t e,t h l s D o e d o(Tru a t u n d e ny e n d a l l ' ��� � �
<br /> other docuents that securo the(VOte or othe�wise exocuted In connectlon therewith,lncluding without Ilm(tEitlon fluurentees,socurity . � ��
<br /> ,�.:_"
<br /> agreements and essfgnments of leasos and rents,shnll be referred to horain as tho"LOan Documents". .r , ,�,
<br /> Trustor covonants and agrees with Lender as follows: ,�
<br /> 1. Paymsnt ot lnd�bt�dnesi.Ail Indebtodneas socured heroby ehall bo pnid when dua. „
<br /> 2. Ttti�.Truator is the ownor ot the Property,has the rlght and authority to convey the Proporly,and warrante that the Hon . —=
<br /> created he�eby Ia a first and prior Ilen on the Property, except for liens end encumbrancea set forth by Trustor in writing and �;�_
<br /> delivered to Lender betoro execution oi thia Deed ot Trust,end the executlon end delivery of thls Deed ot Trust does not vloldte any a',s�'% :'
<br /> . � corytract or other obllgntion to which Truator Is subJect. �'���%� "�.,�°
<br /> 3. Tax�i,Atseqm�nt�.To pay beforo delinquency all texea,speclal asses�mente and eIl other charges agalnst the Properry '��a "
<br /> . .�°�},,.
<br /> now or hereaitor Ieviod. , �.,: ._.�,,'-
<br />� 4. I�ouranc�.To keep the Property insurod sgainat damago by ifro,hazards Inciuded within the term"extended coverage",and , • '.�`. '�
<br />. such other hnzards a9 Lvndor may roqulro,In amounts and wlth companies accept�blo to Lender,neming Londer es an additional � ,� ,���. � '�
<br />-- ' • named insured,wlth loss payeble to the Len�er.In case oi loas undar such po8ciea,the Lendor fs authorized to adJus�colloct and I .'; ��� ' � ~- ..
<br /> A ' compromise,all clafms thereunder end shall have the option of applying ali or part ot the Insurance proceeds(i)to any Indebtedness � , ';;'�, '�
<br /> 1 secured hereby and in such order as Londer may determine,(li)to the Trustor to ba uaed for che repalr or rostoratlon of the Proporty . ,
<br /> I or(III)tor any ott�or purpose Or ob�ect satlatactory to Lender wlthout aHecting the Ilen of this Deed o}Trust for the full emount secured ��:�'�
<br />� hereby bofore aucli payment ever took place.Any appllcatlon of proceeds to indebtedneas shall not extend or postpone the due � , '
<br /> - � dato of eny payments under the Note,or cure any defeult thereunder or hereunder. � .
<br /> ' � 5. ERerow.Upon written demand by Lender,Trustor shall pey to Lender,In auch manner es Lender may designate,suNiclent I
<br /> sums to enable Lender to pay as they become due one or more of the tollowing:(I)ali texes,assessments and other charges agafnst
<br /> �� tho Property,(If)tho promiums on the property Inauranco requfred hereunder,and(ilf)the premlums on a.�y mortgage Inaurance I
<br /> rpqulred by Lender.
<br /> -_ ; 6. Malnt�nanc�, R�paln and Gompliance wlth Lew�.Truetor ahall keep the Property In good condition and repalr;shAll I
<br /> ', j promptly repalr,or repince any Improvoment which may be damaged or destroyed; qhali i�ot cammit or permit any waste or �
<br /> ' � deteriorntfon of tho Prcperty;�hail not romove,demolfsh or subatantifllly aiter any oi tho improvement�on the Property;ehall not �
<br /> commlt,quttor or permit 7ny act to bs dono In or upon tho Proparty in vlolutlon of nny I��v,ordtnance,o�rogulatton;and shall pay and �
<br /> � promptly disChar�e ut Trustor's cost and oxponse all Ilena,enaumbrancoa and charaos levf9d,Impoaed or asseased agafnat thu �
<br /> �i Property or nny pa�t thoroot. �
<br /> a 7. Eminnnt panafn.Lender Is heroby assigned all compensation,awards,damagea and othor paymenta or rellef(hnreinnitur � �
<br />= "Pr�oceecls")In connectlon with oondernnatlon or other tnking of the Property or part t�eroof,or tor convoyancc�In Ifeu of condemnn- �
<br /> " tion.LonAer shall be entltled at Its optlan to commonce,appear In and proaecute In Ite own neme any action or proceedinga,and �
<br /> �_ __ __ shall also be ontfUed to mako any compromise or eettlement In connectlon with such tflkfrtg or damaQe.In the event anv aortton of :. ___ . _ .
<br />__ - ' tho Proporty Is so taken or damafled,Londur shail havp the option,in Its sole and absoluta diaarotion,to apply all auch Proceeds.
<br /> � 1 after d�ducting theretrom all costa and exponses Incurred by It In connecdon wtth auch Procueds,upon any Indebtedness securad
<br /> s + hereby and In auah o�der es Lender mey determine,ar to epply ell such Proceoda,after auch deductions,to the reeto►atlon of thv
<br />'- Property upon auch conditlons as Lender may determino.Any applicatlon oS F+roceeds to Indebtodness sl�all not oxtend ar pastpone
<br /> ��� • the due date of eny payments under tNe Note,or cure any deteult thereunder or herounder.Any unepplied funds ahall be pald to
<br /> Q;. Trustor.
<br /> � 8. P�rNrmanc�b�Lsnd�r.Upon the occurrence oi nn Event o}Default herounder,or H any act le tnken or legal procoeding
<br /> � commencod which materfelly aHects Lensfer'a Interest In tho Proporty.Lender may In Its owri discretfon,but without obligatlon to do
<br /> so,and without notice to or demnnd upon TruBtor and without releesing Trustor(ro:n any obli4etlon,do any nct whlch Trustor hus
<br /> ,�' apreed but tafla to do end may Also do any other act It deoma necoasary to protect the security horeo(.Trustor shell,Immedlately
<br /> u upon demand therofor by Lender,pay to Lendor all costs ond expenaes Incurrod and sums enponded by Landor In connecUon wlth
<br /> th�exerclse by Lender o}the foregoing rlyhts,togother wfth In4erost lhereon at the default rate provided In the Note,which shall be
<br /> added to the IndoDtednese secured horeby. I.ender ehell nat Incur any Ilablliry be�ause ot nnything it may do or omit to do
<br /> heraunder.
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