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<br /> -� ---`v: �`.: who;s m�flinp�ddra�s i� P.O. Box 13e7 tirand I�l�nd� NE fs88v2 (henin"TrustN'1,�nd _
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<br />="°�- :� Fiv� PoinQ� BanK � __��
<br /> �-•-- the B�neHclary. �,�
<br />�`�'�.Wm��r��~ 20t9 Fl. Broadr�ll Lir�nd L�land. M�. 68682-LS�7 (her�in"Lendsr'�• «
<br /> y.�; . . .
<br /> ._ . ,,:;;;;;�� whoae mailirq addreea te �:
<br /> . : �: J��� E Shultz ��r,�-:•.
<br />_ :`:� � S , FOR VRIUABI.E CONSI�ERATtON,includinp Lender'e extenalon ot credit Identlfled hereln to_ .,.��-
<br /> ';��';,�., �F=--
<br /> v?'���•,�?.'�? �• i Ang�l� O Shultz (hereln"eorrovier",whether one or more)and the truat hsrel�created, -�:_
<br /> .' • -' � �� ' the recalpt at whlch Is hereby ecknawledped,Trustor hereby Irrevocabty prante,Venafers,canveys end assipne to Truateo,IN F'�;�,:;
<br />- ��•r�� � `' TRUST,WfTH POW�R OF 9ALE,lar the benefit and eecur►ty af Lender,under a�d eubJect to the terme and conditlona hereinafter sof �p�:�;-:
<br /> '' .`•;, � � Lot Eip�ithn��1��S��n���h��eat�rly Fiit��n Fe�t t 13.0'1 oi Lot Sw�nt�n ��u�
<br /> . .'�:.
<br /> Y "� • � li7f Biocic Oae l�D, in 91ain Addition to th� City o� Grand I�land, H�il ��.,�
<br /> :�; � .:� e � Coun�yr Hrs�rark� �4�.�:.:
<br /> _=, --- �% � Tcsett!_a r�!!h e!I�utl�ln�a lr��:e�e!�snts.flxturea�stresla, all�ye.pa�a:!b•s:r_�s,easernents.rlphts.Prlvileg9a end appvrte�- �,�'_;-"
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<br /> _ • �-��� nences Fecated thereon w fn anywfae pertainfnp thereto,and tha rente,Issues end�ro9lts,reverelona and remaindere fi�ereoi,end .:�.
<br /> � such per�nna!proRerry lhat ia atteched to the improvements so r�e to consUtute a flxture,Including,but not Ilmited to,heatln�and .
<br /> . �, �yy����, coofirip equiMa�oant end toQether witfi the homestead or mariWi interests,if any,whicn inter6sts are hereby reteaaed end walved;all ",�. :,
<br /> :;;�� �� ot which,Inclusling replacementa and additlons thereto,Is hereby declared to be a pa�t ot the real Est;te secured by the Iten of thls :i
<br /> °,���%u':;'�� Deed of Tnsst and ail 07 ti�e fo�e3$ol�g Isbfrtg rsfa�rad to h��eln es+J+�"ProQerty". .....
<br /> ' � Thts Deed oi TrusY shali secure(a)the peyment of ths principal eum and interest evidenced by a promisaory note or credlY �;"�;,�
<br /> •ti :.,.
<br /> �;�:���•: June Btb 1995 havin e maturi date ot July lst 20@0 "z.��
<br /> ,,:,r, agreement dated , � tY , '-. .
<br /> ;�:: 38,700.00 '
<br /> ,,,;': fn the Qriglnal principal emount of� , end any and all modlficeUons,extenalons and renewata "
<br /> thers8f ar t,h�:eW 2n�+ any and all luture advancea end readvancss to 8orrower(or any of them If mare tMnn ona)hereunder ,,_;
<br /> <<;�_' ' pursuant to one or more promisaory notes or credit egreements(herein calied"Nota"►;(b)the payment oi other euma advanced by �.°
<br /> �• . . Lender to proteatthe eecurlry of the Note;(c)the performance of all cavenants and apreementa of Trustor set torth hereln;and(d)all r"--�.
<br /> �'�•'f`�.,;,��� present and future Indebtednasa and obllpaUona of Borrower(or any of them if more than on�)to l.ender whether dlrecl,Indiroct, '^,:' °
<br /> ,. �`�':;�:�.'�. abaolute or w�tingent and whether arisfng by note,guaranty,overdraft or otherwise.The Atote,this Deed o1 Trust end eny and all
<br /> other docuenta that aecure the Note or otherwise executed in connection therewith,Including witho�t limifetton puarantees,eecurlty
<br /> agreementa and assignmonta of leaaes and rente,shall be reterred to herein as the"Loan Documents". •
<br /> Trustor covenanb and agreea with Lender ae followa
<br /> , 1, paym�nt pl(nd�bbdn�.All indebtedne�s secured hereby ahail be patd when due. ,
<br /> 2. TfM�.T►uator i�tho owner of the Property,has the right end authority to convey the Property,and werranta that the Ilen
<br /> created horeby Ia a 8rst end prlar Ilen on the Properry,except for Ilens end encum�rances set forlh by Truator in writing end •
<br /> delivered tA Lender before execution oithis Oeed of Truat,and the execution and dallvery ot this Daed of Trust does noi vtolate any
<br /> contrac!or oti�er obligation to whlch Trustor is aubJect .
<br /> 3. T�xw,Au�um�nb.To pay betore delinquency all texes,speclal easesaments and all other charges against the Property
<br /> �'�;. ' ' now or hereettar tevled.
<br /> 4. IMUrrnc�.To knep the Proporty fnsured agalnst damage foy fi�e,hazards inclucl�d within the 4erm"extanded Coveraye",�nd
<br /> � � ��'� such other haz�rds aa Lender may �equlre,in amounts and with companies acceptabte to Lender,naming Lender as en additional
<br /> � � named(n9uresJ,with luss payable to the Londer.In case of loss undor such policies,the Lendar ia suihorized to adJust,collect and
<br /> " ' -- compromise,all clsims thersu�der and shall have the opUon ot epplying alf or part of the Insurance p�oceeda(I)to any indebtedneas
<br /> �' " secured hereby and In suah order as Lender may deto►mine,(II)to the Trustor to bo used for the repair or�estoration of the Property
<br /> or(UI)tor any othar purposo or obJect satfafactory to Lender without aifecting the Ilen of this Deed of 7rust for tha full emount secured
<br /> hereby bet�re such payment ever took piace.Any applicatton of proceede to Indebtednoss shall not eMend or postpone the due ';�
<br /> � �� date of any payment�under the Note,or cure any detault thereundar or hareunder. �
<br /> � 6. Esc�ow.Upon written demand by Lender,Trustor ohali pay to Lender,In such manner a�Lender may deaignate,autticient �
<br /> `�`�� aums to enable Lender to pey as they become due one or more of tlte following:(I)all taxes,a3sessments and other charges agalnat
<br /> � the Property,{II)the premlvms on the property InsuranCe required hereundor,and pii)the premlums on eny mortgage Insurance �';'•
<br /> ���� •� requlred by Lander. I .'
<br /> 6. Mslntenanc�,Rop�irs and Comp(lanc�wlth Lawe.Trustor shall keep the Property in good cAndition and repatr,shell
<br /> ' promptty repnir,or replace any improvement whlch mey be dameged or deatroyed; shall not commit or permit any waste or
<br /> deterloratian oi tho property;shafl not remove,demolish or substentlaily alter eny of the Improvementa on the Property;shali not
<br /> commit,su7fer or permit any act to ba done In or upon tho Property In vlolatlon of any law,ordinanco,or regulaUon;and shall pay end
<br /> prampdy daxharge ai Truatar's cost and expense all Ilens,encumbrancas and charges levied,Imposed or easessed against the i
<br /> Property or any part thereot.
<br /> �' 7. Emin�nt Domeln.Lender la hereby asslgned ell compensetlan,awards,damages and other paymenta or rellef(herelnatter �
<br /> � "Proceeds'�In connectlon with cortdemnatlon or other takfng of the Properly or pert thereof,or tor convoyance In Ifeu of condemna- �
<br /> llon.Lendershaii be entitled et Its opifon to commonce,oppear in r�nd prosecute In Its own narno any actfon or proceedlnps,and ;
<br /> , shall also be enUUed to mak0 any compromise o�eattlement In cannection with such taking or damage.In the event any portfon of �
<br /> , � � the Propeny is no taken or dameped,Lender ehall have the optton, in Ite sol�and absoluto dlsoreUon,to apply ali auch Proceeda,
<br /> ,, .
<br /> after deduaLng therefrom ell costs and expenses Incurred by it In connectlon with such Proceods,upon uny Indebtedness secured
<br /> '- - - . . . . .. . _ . ��_�.•�--- �.._.r....�.,......r..._ �
<br /> -- . - _- - h6Peby 8tid ID BUGh Ofde�88 6811�8�rt18y aetertntne,or iv appty an sucn rruceaaa,aicoi oiiG��vwa..�..�.o,.�...o.w....o............o , —
<br /> Proparry upon auch condtUana ae Lender may detormine.Any appllcatlon ot Proceeda to Indebtednoss ahall not extend or postpono '
<br /> ' the due date o1 eny payments under the Note,or cure any default thereunder or hereunder.Any unepplied funds shall be paid to
<br /> Truetar.
<br /> 8. P�rAo►manc�by L�nd�r.Upon the occurrence ot an Event of Dotault hereunder,or I1 any ect Is taken ar logal proceeding
<br /> commenCed whlch materielly ettocts Lender's intereat fn the ProperCy,Lender may In Its own dlscretion,but without obligatlon to do
<br /> ' � . sa,and wtthout notice to or demarsd u�on Trustor und velthout releasing Trustor trom any obllgniton,do eny sct whlch Trustor has
<br /> � �,� ayreed but Iaiie to do and may also de eny other act It de�ema neceessry to protect the security hereof.Truator ehall,Immedtately �
<br /> upon demand therefar by Lender,pay to Lender all costs end expenaes incurred end euma expendod by Lender In connectlon with
<br /> ' the exercfse by Lendes of the toregaing righte,togothor with Interest Ihereon at tho defeult rnte provtded in the Note,whlch shnll bo
<br /> added to the indebte�dnesa secured horeby. I.endor shail not Incur any Ilabllity beCause ot enything It may �io or omlt to do
<br /> ,�• " hereunder.
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