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DEED QF TFtUST WITH �IJTUFiE A�VANCES ���_J��- 1C1��,'�`� "�-
<br /> THIS DE�D OF TRUST, is made as oi the�.�day o,_..... ,19��by end emor►s�
<br /> the Trustpr, '
<br /> �. �.am omea � Ap�p�
<br /> whose mailing address is;;�4?� ��ui e�p _ __ Grand I�land�herein"�`ru�r,��Trif$�e��ne or more),
<br /> the Trustee, '
<br /> �ve ain a .
<br /> whose maiNng address is and HE 68802 (herein'Trustee'�,and
<br /> the BenAficiary. ��pi�.t� n��'- _ �
<br /> whose malling address is . - �� (herefn"Lender'7.
<br /> F�R VALUABLE CON5IDERATION,inctuding Lendera extansion of cr<+dk identifled herein t�illiam Gva�e�
<br /> (hereln"Borrower',whether one or more)and the trust herefn created,
<br /> the w ic is hereby acknowledged,Trustor hereby irrevocably grants,trensfers, conveys and assigns ta 1'rustee, IN
<br /> TRUST,WITH PQWER OF SALE,tor the benetit and securiry ot Lender,under and subject to the terms snd condi�ons herelnafter set
<br /> forth,the real property,described a�toll�ws:
<br /> LOT 71iENTY FOUR t24? SUNHY ACR�S SUBDIVISIOH, CITY OF GRAHD I5LAHA, NAI.L
<br /> CQUNTY► HEHRA�KA. '
<br /> Together with all buiidings, fmprovements,tixtures,s!�eets,alleys, passageways,easemen4�, rights, privilages�nd appurte-
<br /> nances located 4hereon or in anywise pertainin9 theretp,and the rents,issues and protits,reversiona and.remainders thareot,and
<br /> such personal property that Is attac''hed to the fmprc�vements so ee to conatitute s iixture,including,but not Iimited to,heating and
<br /> cpoling equipman��nd 4ogether with the hvmestead or merita)Ir�terea4s,if any,whlch Interest9 are hereby releaaed and we►ivnd;ell
<br /> oi wnicn,inclu�ing repia.cements and addltions thareto,Is hereby declared to be a part a(the real estat�secured by the Ilen ot thls
<br /> ' Deed oi Trust and all of the taregoing being referred to herein aa the"Property".
<br /> t
<br /> ; 1'hls peed of Trust shall secure(a) the payment ot the principel sum and interest evldenCed by a promissory nate pr�redit
<br /> �' Kav let 199b
<br /> agreement dnted , having a maturity date of - •—.
<br /> i In the original principal amount ot$ ,and any and all madlifcetions,extensions ar.d renewals
<br /> thereat vr thereto and any and all future advances and rsadvances to Borrower (or any oi them If mare than one) hereundor
<br /> pursuant to one or more promissory notes or credit agreemsnts(herein called"Note'7;(b)the payment oi other sum9 edvanced by
<br /> Lendsr to protect th�security oi the Note;(c)the periormance ot ali covenants and egreements of Trustor set torth hereln;and(d)all
<br /> pres�nt and future indebtedness and obligations of Borrawer(or any oi them ii more than one)to Lender whether dlr�ct,indlrect,
<br /> abs�!y�te or continflent�nd whe4her arlsing by note,gueranty,overdraft or oth�rw�aa.The Note,thta Deed of Trust and any and all
<br /> other docuents that aecure the Note or oth�rwise executed in connectinn therewlth,including wlthout Nmltation guaranteea,aecurfty
<br /> agreemsnts and assEgnm�nta of leases and rents,shall be reterred ta herein aa the"Loan Docunnenta".
<br /> 7rustor covenants and agrees with L�nder as Toltows:
<br /> 1. Payment ol Indebtednoaa.All indabtedness secured hereby shall be pa+d when due.
<br /> 2. Title. Trustor is the owner pf the Property, has the right and authority to convey:4he Properry, and warrants thet the Ilen
<br /> created hereby is a first and prlor lien on the Property, �xcept tor liens and encumbrances set (orth by Trustor in writing and
<br /> • delivered to Lender oeiore execution of this Deed qi Trust,and the execution and delivery otthis Deed ai Trust daes not vfolate any
<br /> contract or ather obligatian to which 1"rustor i3 subJect
<br /> 3. Taxes,P.�dessments.Tp pay betore delinquency all taxes,speciai as3essmenb and atl other charges ayainst tha Property
<br /> now or hereaiter levied.
<br /> 4. Insuranca.To keep the Property fnsured against damage by Tire,hazards included withln the term"extended covgrage",and
<br /> such other hazards as Lender may require,in amounts and With companies acceptable to Lerider,naming Lender as an additional
<br /> named insured,with loss payable to the Lender.In case of toss under such polic(es,the�ender Is authorized to adjuat,collect and
<br /> compromise,aN claims the,reunder and shall have the option of applying all or oart of the irrsurarrce prpceeds(i)ta any Indebtedness
<br /> secured hereby and In such order as Lender may determtne,(iO to the Trustor qo be usr3d for the repa(ror restoratlon ot the Property
<br /> or(iii)tor any other purpose or ob]ec4 satisiactcry to Lender without atfecting the Ilan of this Deed oi 7rust tor the full amount aecured
<br /> hereby beqvre such payment ever took pl�ce.Any appiication of proceeds to indebtedness shall not extend or poatpone the due
<br /> ; date of any peyments under the Nate,or cure any!efault thereunder or hereunder. '
<br /> 5. �scrow. U�on written demand by Lender,7�,�stpr shall pay to Lender,in such manner as Le�ider may designate,sufficient
<br /> sums ta enabla Lander to�ay as they become due on9 or more of the following:(i)a�l taxes,assessments and other charges against
<br /> the Property,(ii)the premfums on the property insurbncs required hereunder,and(iif)the premiuma on any mort�age inaurance
<br /> requlred by Lender.
<br /> 6. Malntanancs, Rapalrs and Compliance with Laws. Trustor shall keep the Prqperty in good condition and repair, shall
<br /> prqmptly repair, or replace any Impruvcment !Nf?�rh ma� ►+a ��maged or destroyed; shall not commit or permit any was!� �r
<br /> detarioration of the Property:shall nat remove,demvliah or substantlally a�ter any ot the improvementa on the Property;shall not
<br /> commit,suffer or permit any act to be done in or upan the Properry In vlolatlon oi any iaw,ardinarce,ar reguladon;and shalt pay and
<br /> promptly dlacharge at Trustor's cast and expense all liena,encumlarances�nd char�es levied,Irr��oaed or assessed againat the
<br /> + Property or any part thereoi. • `,�
<br /> 7. Eminent pomaln.Lender Is hereby assigned all compensation,awards,demages and othpr payments or rellet(herelnefter
<br /> "Proceeds'7 in connection wlth condemnation or other takin�ni the Property or pert thareof,or tor conveyence in Ileu of condemna-
<br /> tl�n.Lender shall be entitled et Its option to commence,appear In and prosecute In its own name any action or proceedings,and
<br /> shali also be entitled tp make any compromise or aettlement In connection with such taking or damage.ln the event any pordon of
<br /> the Properry is ao taken or dameged,Lender shail have the option,in Ib aole and absolute discretian,to apply all such Proceeda,
<br /> � after deducting therefrom all costs and�xpensee(ncurred by It In cannection�vlth such Proceeds,upon any Indebtednesa secur�d
<br /> riereby and In such order as Lender may determine,or to apply all such Proceede,eiter such deductlona,to the restoratlon af the
<br /> Property upon such condltlona as Lender may determine.Any appl(catlon of�roceeda to Indebtedness ahell no!e�end ar poetpone
<br /> the due date ot any payments. :�nder the Note,or cure eny default thereunder or hereunder.Any unapplled funds ahall be peid to
<br /> Trustor.
<br /> 8. Pertormence by I.snder.Upon the occurr�nce ot an Event of Default hereunder,or if any act Is taken or Itlgal proceeding
<br /> commenced which materially aKects Lender's Interest In the Property,Lender may in ita own discretlon,but withaut obligation to dp
<br /> � so,and without notice to or demand upan Truator and without releaaing Truator from any obtlgadon,da any act which Truatar has
<br /> agreed but tails to do and may also do any other act it doerns necessary to protect the security hereof.7rustpr ahell,immadiately
<br /> upan demand theretor by Lender,pay to Lender all sosta and expensaa Incurred and suma expended by Lender In connectlon with
<br /> the exercisa by Lender nt tha(oregbing rlghta,tegether with Interest thereon at the defauit rete p�ovided in the Note,whlch 8he11 be
<br /> added to the Indebtedness secured hereby. I.ender shall not Incur any IlabiNty becauae of anything It may dC ^r omR b do
<br /> hereundsr.
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