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<br /> ., .,� � { D�ED �F TRUBT WITH FUTUR�ADVAN�EB �+95�,Zd�7 ��
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<br /> � " THIS DEED OF TRUST,is made as of the..1?.Lh_day of _- Jul. .t8���by and emon�
<br /> . . tho 7rustor, r����.��y- !lart�n�on . �f e�pL p�r� .
<br /> . , •; , whose melNng address is 13 Via Cosa arand Ieland�hereln"Tru��r.�r �tl�o�a�d�or more).
<br /> �g'��yg�e. ,F;vn pn{�t,w pa^ � o I�laihrs�lca Cernerotiert �
<br /> :,� ��� whose maiiing addresa is p•�• 8ax 1307 Gr�nd L�laod, NE 68802 (hereln"T►uetee'�.and
<br /> y'-� M the Beneticia►y, Five Pointe Bank �
<br /> � •���.
<br /> �`� � whose maiting address is 2015 ti. Broadrall tirand xaland. IiH. 68802-1507 �hereln"Lender'ti.
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<br /> , .A``' ,;�� FOR VALUABLE CON8�CERATION,tnciuding i.ender's e�ctension af oredft identifled heretn to
<br /> ��� :•�r�;.,•' Jaseahiae M llortet�sen (herefn"8onower".whether one or more)end the Wst hereln created.
<br />��•a ,. ,'� the�eceipt of whloh Is hereby acknowtedged,Truato�hereby irravocebty grants.transters,conveys end aaaipna to Trustee,IN
<br /> ,' �� TRUST,WITH POWER ur SALE,for the benefltand aeourity ot Lender,under and subject to the terma and condi�ons hereinafter eet
<br /> • :t *.,::,
<br />�._ ,�<<`• � forth,the resl properlyr.desaribed es foliowa
<br /> -�� ��•�.:;•'.:� Lot TAirteen l 13) Hlook Tro t2), Coatinental tierdene Addition to the City ot
<br />=;. �"' -..=� GraAd Island. Hal� County� llebraeka. AIiD Lot Seven t7) i� Bloak Ona Hundred
<br /> •°� ' One t 102) ia �he Ox�iginal ?o�neite t Naa City J og SL. Pao�l, Hovaa� County,
<br /> .�si`.�.. Nc�b�r�.�ka.
<br /> ` . �:�,:':��
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<br /> � •� Toge�ar with aIi buildings,improvements,flxtures,streeta,al�eys,paseageways,easementa righte,prlviieges end appurte-
<br />` .�,;�,:-•.,��; ��'� , nencea located thereon or in anywiae pe►taining thereto,and the rents,isaues and proflte,reverstons and remaindere thereof.and
<br /> ' such pereonal proporty that la attached to the improvements so as to consUtute a fl�cture,including,tsut not timited to,headng and
<br /> ,,zs:.Y,;,;� - cooltng equipmenfi and togethe�witb the homestead or maritei interests,if any,whioh intereots are hareby reieased and waived;all
<br /> . of whiah,inatuding replacemants and addldons thereto,is hereby declared to be a part of the real eatate eeaured by the lien of thta
<br />-��:js-•,••���;�, Oeed a!Trust and all of the foregoing being rete�red to herein as the"P►operry".
<br />:;:.��::;ti�:�,;=' This Deed of Truat shatt seaure(a)the payment af the principal sum and interest evidenced b�r a promissory note or cred(t
<br />`;t;f��;;::.� •� J 12th 19�5 having a mawri date ot Jnauarv 13th 1996
<br /> _,j.�, agreement dated _.l+J�3L , ty .
<br />-Y�`�;"`�.k.�A''�'�� � in the orlginat principat amount ot$ 74��i•� ,and any and ali modiflcaGona,axtenslons and►enawats
<br /> -- ��� thereot or thereto and ao and eli future advances and resdvances to Borrower or an of them ft more than one)hereunder
<br /> ��°�=,`�.,''i:: . Y ( Y
<br /> :'_ -:.�;;'� �. , • pursuant to one or mare promlesory notes or oredlt agreemeMa(hereln aalied"Nate'�;(b)the payment oi other suma edvanoed by
<br /> '�'�-•�� � Lertder to p�otectthe aeourity of the Note;(o)the performance ot ali covenants and agreements ot Trustor settorth hereln;and(d)aii
<br /> .�,�,l � ,;`.: presenf and luWre Indebtednesa and obligaUons ot Borrower(or any ot them if more than one)to Lender whether direat,indireot.
<br /> _-,— �'s"^��%��:� � absointe or contlngent and whether ariaing by note,guaranty,overdraR or othervvise.The Note,thle aeed ot Truat and any and atl
<br /> ___ =R-;;�,� otherdocuentethataeCUrethbNotBOrotherwiseexeautedlnconneotlontherewlth,inoiudingwithoullimNationguaranteea,88curiry
<br /> :,f�. agreements and aasignments of leases and rents,shali be referred to herein ea the"LOa�Dxuments".
<br /> _�.__�_�y�_� Trustor covenanta and egreea with Lender es foltowa
<br /> �,,r„����� 1. P�ymNt!oi Ind�bt�dma.All indebtedness seoured hereby shail be paid when due.
<br /> —_�,�,.�-� 2.Tid�.T�uetor is the owrter ot the Property,has the Nght and authorlty to oonvey the PropoRy,ared warranta that the ilen
<br /> -- cruated hereby le a flrst and prior Ilen on the Properly,except for Ilens and enaumbrancea set torth by Trustor in wrldng and
<br /> - -��---- deilvered to Lender betore executlon ot this Deed ot Trust,and the exeaution and deitvary of thia Deed oiTrust does notvlolete any
<br /> - - contract or other obltgaUon to whlab Truator is aubJeat
<br /> -- =�"'� 3.Tax�t.At�ttmmb.Ta pay betore deilnquenay all tazea,spealal assesaments and ail other charges agalnsi the Properiy
<br /> �--=----- now or hereafter Ievied.
<br /> � __--- 4.lewranc�.To keep the Property insured againat damage by 8re,hararde inaluded wtthin theter►p"extended covotage".and
<br /> - -�— suoh ather hazards as Lender may req�ire,in amounts and with companiea accepffibte to Lender,naming L�ender ae an addlUqnat
<br /> --��=!'?^�� named Inaured,with loas payabte to the�ender.�n cese ot toea under auah po�lales,the Lendar!a authorized to adjus�collect and
<br /> -�-�}� compromise,ali clatms thereunder end aha��have the opUon ot apptying att or paR of the insurence proceeda(f)to any indebtednese
<br /> "'"�`_'� seoured hereby and in such order as�ender msy determine.(II)to the Trustor to be used tor the repair nr restoraUon of the Properiy
<br /> -y=��==�� or(iiqtoranyotherpur�oseorob�eateaUstaotorytoLenderwithoutafteoHngthellenoithlsDeedofTrusttorthetullamountsecured
<br /> _ — =�°" hereby betore euoA paymern ever took ptace.Any appticadon of praceeds to indebtedneas shalt not extend or poatpone the due
<br /> y-�..� date at sny payment�under the Note,or cure eny default thereunder or hereunder.
<br /> -�_•-��� S. Faorow.Upon written demand by Lender,Trustor ehall pay to Lender.In euah manner as Lender may designate,autticient
<br /> --T' �'"''� aums to enable Lender to pay as they become due one or more of the totlowing:(q all taxea,essessments and other charges agafnst
<br /> _�=;;:��� the Propert�r,(iq the promiuma on the properly fnaurance required hereunder,and(fii)the premiums on any mortgage Insurance
<br /> :::-:��;,,•; requlred by Lender.
<br /> _�.:�4L�:•�_� 8. M�intentne��R�patn and Complianot w[th Lawa Trustor ehall keep the Property in good cond�tlon and repair,ahali
<br /> -- _ .. ...,:.:. • promptty repafr,or replace any Improvement whiah may be damaged or destroyed;shall not commlt or permit e�y waste or
<br /> - , � deteHoraUon oi the Properiy:shali not remove,demo8sh or aubsmnNaliy alter any of the tm�rovementa on the Property;sha�i not
<br /> - commi�euHer or permtt any aatto be done In or upon the Property in vlolation ot any law,ordinance,or regulaUon;and shail pay and
<br /> - prompdy discharge at Trustor's cost and expense aIi Ilens,enoumbrancea and charges Ievied,imposed or aesessed against the
<br /> _ • , • . ,�; Property or any paR thereof.
<br /> 7.Emin�ttt Dom�)n.Lender Is hereby asetgned all oompeneadon,awarda,damagea and other payments or relfef(herelnatter
<br /> _ • "P�oceeda'�In conrteaUon�rtth condemnaUOn or other taking ot the P�operiy or paR thereof,orfor conveyanco in Ifeu of condemna-
<br /> �on.Lender shall D8 enUtled at Its option to commenoe,appear In and prosecute In ka ow�name any aotlon or proeeedinps.and -
<br /> , shall aiso bo enMled to make any compromtse or eetdement in conneotton with suah taking or damago.In the event any portlon ot
<br /> - / Y"�:"- Me Property Is ao taken or damaged,Lender shell have the optlon,in Its so�e and absolute dlsareUon.to apply ail such Proceeda,
<br /> . . .,
<br /> atter deduoting theeeirom all eosts and expenaes inaurred by it in conneation with auoh Proaeeds,upon any indebtedness seaured
<br /> .' .. . 6�rL.��.1!��..��.�Jr��t�rr.0 r�...�-' .lr� ��V���V.�II�..�1.lf����J� �Y���..�L J��..�___ ��_
<br /> ._---- _- .�wvr�o���o�wvr�v�vo�ov w��vv��rwy vosv�u�o�v�v�w a���au v��oo r�WVpYp�atWt twW�YoVwaVltb�W YIb t�WtaUV1t V7 Otp
<br /> � . ;� Property upon auah condltlons as lender may dotermine.Any applfcadon of Proceeds to indebtedness ahall not extend a poatpone
<br /> � the du�date oi any paymenta under the Note,or cure any defauit thereunder or hereunder.Any unapplled funda ahali be pafd to
<br /> � Truata.
<br /> 8.P�rfonn�nc�by L�nd�r.Upon the ocaurrence ot en Event oi Default hereunder,or it any act�s tekon or�ega�proceeding
<br /> , commenced which materisity aHeata Lertder's Intereat In the Property,Lendet may in Na own dlecretlon,but�ytthout ob11ga8on to do -
<br /> � ' so,and wlthout noUce to or demand upon Truator and wlthout reteast�p T�uator irom any obliparion,do any aot whfah Trustor has
<br /> • „ apreed but tafla to do and may also d�o any other aet it deeme necessary to proteat the eeeurlry hereot T�ustor ahall,immedlateiy
<br /> _ upon dsmand Meretnr by Lender,pay to Lender aU ooste and expenses Incurred and sums expended by Lender In conneaUon with
<br /> _, theexerciae by Lender o1 the torepoing righta,together wlth ietereat thereon at the defaul!rate provided fn the Plote,which shali be
<br /> , edded to the indebtednoaa seourod hereby. Lender shall not Inaur any Ilab1111y because of anything tt may do or omit to do
<br /> • • hereunder.
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