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<br /> � THIS pEED OF TRUS7,fe ma�i!�Ot Itlb�r-.�•�wY O�_.�..,..---��i'iiy+----�-�--�--��---
<br /> tha Tru�tor,_____3��.-�,--+��-�r--t3lrXtr�-3-'S�a�u��w'--'"'1�-������'�"���
<br /> v�hoao meNlnp addreaa I�3.�..'��.4�.-!�--�E L�r+�nd isl�nd��N�°Tr������1�
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<br /> J�,� whors m�llinp eddreaa IsP•p• 8ox 150� Grand Iol�nc�. NE 6�902 _,._._ (he�seln""fruetee"),end
<br /> - 1h98@(18HC�Aty, .�Cl,.�S�{nt� Arn@ •-�
<br /> °.- ��-' who�a mAiiing addresa le_ • t�i znd T.iwn .—d HR._6i�R02-iSei (nerain"Lin�ue�"j. __
<br /> FOfi VALUABLE CONSIDERAT{ON,Includinp Lender'a oxtenslon of credit Identified hsrein 1��� � st�ua� _,_,l,.
<br /> - - ----° i . re�J S o�oa -.�.(herofn"Borrower",whether one or rnore)a�d the tmst hereln croated,
<br /> - the recelpt of whlah fs hurehy acknowtedged,Truator hereby Irrevocably pranta,tranafera,conveya erd eaalgne to Truatw,IN
<br /> TRUST,W fIH POWER QF SALE,tor the f�enefit and securlty o!Lender,under end eubJactto the tarma end condiUane herelnatEer aet
<br /> toAh,thy�sxl properry,deacribed as tollowa:
<br /> �� LOS 7'M�M�'9P �'Mil i22) BSt�EP'i' Tt�� �a°THBP.LY TH�ATL► �1aM� (29) FEET Ai1D LOT
<br /> TMEIITY THREE �23) IN BEL!l.aNT ADDxTION TO THE CITX (lF GRAIiD ISLANA� tlIILl.
<br /> COUNTY, tiEBRASKA
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<br /> �,�, �n�...o��_-� t��'-.._..����.. p..�.��es n+.�,�..a�teps.oassaaewavs�easoments,+18hts,Privlle�ea and a�urte- _
<br /> _ -.-� y � 14aKlittlt Viun wu YW�v111�0��.r r�v.vn u��wr........__. _... - —
<br /> `'�'"�'� nancea located thereon or In anywfae pertaining ther�to,and the rents,issues and pTOf(ts,revorofons anu remuntlere mereot,ano
<br /> ------- such persona!property that Is attached to the Improvaments so as to constitute a tlxture,includinp,trut not Ii�:�9ati to,hesUn�end
<br /> ,-`"�"'�"� caoling equ(pment and tagelher with the homestead or merital Interests,It eny,whlc7�Intotests are hereby rele�,srsd and waived;all
<br /> �^�="-`?"�?'� of which,Including rc�placeme�ts and Radittons thereto,Is hereby declared to be a part of the reRt estate secured by tf�e Iie+n ox thls !
<br /> - -_��=+=� Daed ot Truot and etl of the torepoing betng rAterr�rd to hereln as the"Property".
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<br /> �"%:�'f��� Thls Deed of Trust ahall secure(a)the payment oi the principal$um and intorest evidencAd by e pramissory note or cred(t
<br /> ,�:��':.'t�.•fi���, .__ n �.4 tcd
<br /> . ,�, ` agreement dated _,hav►ng a matunry dnia oi '��_�.___...--�+-�3��� ��-�
<br /> s;;. c.. .
<br /> ,`'�"� ' � in the original principal amount of$ rGYl.000 00— ,and any and oll modificatlona,extenslons and renewats
<br /> � .� • thereol or therato�nd any ancl all tutura adva�ces and readvancos to Borrower{or any o}them!f more than one)heres+�der
<br /> � :�;,;,��'.-��:: pursuant to one or more psomissory notes or aredlt agreements(here in ca l le d"No te");(b)t h e pa yment oi other sums advanced by
<br /> ��:;,.; :.,•:•.:, ;,� Lender to protect the securiiy of the Noto;(c)the performance of all covenants and egreementa of Trustor aet torth hereln;and(d)all
<br />-_'•�•''��•" "�;'�.7•r present And tuture Indebtedness and obligatfons ot Borrower(or any of them If more than one)to Lender whether direqL indirec�,
<br /> '"�•�*4`�1•;::��r••�r absolute or oontfngent and whether erlsing by note,puaranty,overdreft or otherwisv.The Noto,thla Oeed of Trust end any and eil
<br /> •lS� .:�: k othsr douuer,ts that securd the Note or othervvise exe�uted In connect►on therewith,including�rithout limitatfon guerantees,security
<br /> :;: �:,.,,r�ia�: egreements end esslgnments of leases and rents,shall bo referred to hereln as the"Lonn Qocuments". -
<br /> _ � Trustor covenants and agrees wlth Lender as tollows:
<br /> - y±`.��, 1. Payment o1 Ind�bt�dn�s�.All Indebtedness secured hereby ahall be pafd when due.
<br /> , , � , _;.' 2. TIt1�.Trustor Is the owner ot the Property,has the rlght and authorlry to convey the Property,end warrants that the Ilen
<br /> � . •,� created hereioy Is a tlrst and prlor Ilen on the Property,except for Ilena and encumbrances set forth by Trustor ln wriHng and
<br /> ,„ . .�.� dellvered to Lender betore executlon af thts Doed of Trust,and tha executlan and dellvery of thls Deed of Trustdoes rtot vlotate eny _
<br /> .�... . •..�,.�, contract or other obllgatlon w whlch Trustor le aubjoct __-.
<br />- „°�,,�5 3. Taxss,Aas�ssm�n�.To pay betora dellnquency all taxes,sFeclal assessmonts and ell other charges agalnst the Property - _
<br /> „- ..,•- now or hereafter levted. ,_.
<br /> " +'� 4. Insurance.To keep the Property Insured apalnst damage by flro,hazards Included wlthln thoterm"extended coveroae".and ___
<br /> �;., such other hazards as Lender may requlre,In amounts and wlth cumpanles acceptable to Lender,naming Lender ae an addltlonal � ..
<br /> nemed Inaured,wlth losa payable to the Lender.In case ot loss under such pollcles,the Lender Is authorized to adJust colleot and C��`_:
<br /> - . ,; ��� compromise,all clolms thereunder and shall havo the optfon of applying ell or part of the Insurence praceeds p)to eny Indebtedness ���.__.
<br /> • securod herehy and In euch order as Lender may determine,(II)to the Trustor to be used for the repelr or restoratlon of the Properly '�-;_
<br /> -' • or(IIl)tor any othar purpose or obJect satlafactory to Lender wlthout attecting the Ilen of thls Deed of Trustfar the full amou�t sacured
<br />� '-= horeby before ouch paymont ever took place.Any�ppllcatlon of proceeds to Indebtedness shall not extend or postpone the due ,
<br /> ` dute of eny payments under tha Note,or cure any default tf�ereunder or hereunder.
<br /> 5, Escrow.Upon wrttten demand by Lender,Trustor shall pay to Lender,In euch manner as Lender may destgnatv,sufficlent
<br />- sums to enabte Lender to pay as they become due one or more ot the following:(I)ell taxos,essessme�ts and other charpes agalnst
<br /> - � ' the Properey,(111 tho promlums on the property insurance requlred hereunder,and(ili)the prenilums on any martgape Insurance
<br />_e � requlred by Lender. In cod condUlon and repalr, shall
<br /> 6. Malnt�nanc�,R�p�lrs and CampHancs wtth Lew�.Trustor ahell !<Qep the Property g
<br />�•� promptly repalr, or raplace ony Improvoment whlch may be damaged o�destroyed; shall not cammlt or permlt eny waste or
<br /> detarioratlon ot tho Property;shall not remove,demolfsh or substentlally alter any oi the Improvements on the Prop9rty;ehall not
<br /> � ` r m 'I ed echarparat`Trusto etcost end expen e�allrllo s�oncumbra ces and charges evted Impose9d ortasse sed agelnstthe
<br />'� �. ' P p Y 8
<br /> -- , Properiy or any part thorsof.
<br />- 7. Emlaent Dorrtaln.Lender fa hereby assigned aIl compensatlo�,awards,damages and other payments or relEef(hereinutter
<br /> "Proceeda")In connection wlth condemnatlon or other toking of the Property or part thereof,or for conveyanco fn Ileu of condemna- i
<br /> �' tlon.Londor shall be entftled at Its option to commence,appear in end prosecute In Its own name any actlon or proceedinga,and I
<br />'�- ��,. ,, � � shall nlso be entltled to maka a�y compromise or settlement In connectlon with ouch teking or damage.In the event any poRfon of
<br />-»- -- _--__---- -- _ W_e_..�....,e e,.�nLnn ns dumnnod 1 andor shall h8V9 th0 Optf011,In Its sole and absolute discreUon,to apply all such Proceeds,
<br /> I_
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<br />-`i" ,, atter deducting therefrom aIl coats and expenses Incurred by it In connectlon wlth such ProceeCS,upon any indeuiea��er�.,oo..���.
<br /> �
<br /> ` horeby end In such order as Lander may determfne,or to apply all such ProceQds,aftor such deductlony,ta the resloratlon ot the
<br /> '� - Proparty upon suoh condltlona as Londer may determine,Any appllcetlon of Proceeds to Indebtednessshal�not extond or postpone �
<br /> Ihe due date of any payments under tho Note,or cure any dofaultthereundor or herounder.llny unapplfod lunds shnit be pald to �
<br />-� Trustor.
<br /> j 8. P�rformance 6y L�nder.Upon the occurrence of an Event of Detault hereunder,or If any aat la takon or logal proceeding
<br /> commenced whlch materially atfocts Lender's Interest In the Property,Lender may In Ite own dfscretion,but without obllgatlon to do
<br /> � so,and wfthout notfce to or domt�nd upon Trustor and wlthou4 releasing Trustor trom any obli�atfon,do any ect which Trustor has
<br /> 4 agreed but talla to do and mey also do any other act It deema necessriry to protoct the securlty heraot.Truetor ahall,Immedlotely ,
<br /> � upon demand theretor by Lendor,pay to Lender all costs and exponses Incurred and sums oxpended by Lender In connectfon wfth
<br /> , , the exerclso by Londer ot the foregoing rlgMs,togethor wlth Intereat thereon at the default rat�provfded In the Noto.whlch shell bo
<br /> f nddod to the Indebtednoss secured horeby. Lender shall ��ot Incur any IlAbllfty becauso of anything It may do or omlt to do
<br /> �..
<br /> hereunder.
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