|
� ; �. .
<br /> � � • ' DEED OF YRUSY Wf'�'H FUTURE ADiIANCES �(���p�� � �� _
<br /> . . �J �,
<br /> , � .
<br /> THIS QE�Q OF 7RUST,lu mede ea of the 21et day o} July , 1 g 95 ,by ond uman{�
<br /> the Ttustot, PAUL Ci. CROW and CAROL A. CROW, HU9A��ND AND WIFE
<br /> whose meiling address is 1203 EABT 6TH STREET CiRAND ZSL7#IdD NE 68801meroln'Trusto�,"whether ane or more►,
<br /> the Trustee, 8� OF DONIP�iAN
<br /> .. whoae malting addressis p0 SOX B DONYPHAN, NE 68832 Iherein'Troatee'),and
<br /> the Beneflciary, a�K OF DONIPHAN
<br /> whose melling addreae is Pd B�X B DONIPHAN, N& 68832 — (herein"Lender'). .
<br /> FOR VALUABLE CONSIDERATION,including Lender's extenaion of credlt identitled hereln to PAUL Ci. CROW
<br /> ,�
<br /> .. CAROL A. CROW , tr
<br /> ' Iherein"Borrower",whether one or more)and the trust herein created,the �
<br /> �ecetpt of whfeh le heteby eaknowledged,Trustor hereby irrevocebty granta,tranafera,conveys end asoigns to Truatee,IN TRUST,WITH
<br /> :::,: : '
<br /> POWER OF SALE,tor the beneflt and securEty of Lender,under and subject to the terms end�onditions hdreinafter set forth, the real
<br /> �.;,,: . _ �_,; , ProPerty.deactibed es foilows: --
<br /> LOT FOUR (4), BLOCK FIFTEEN (15), LAMBERT'8 ADDITION TO THE
<br /> .. . CITY OF G{RAND ISLAND, HALL COUNTY, NEBRASKA. .
<br /> „ �,
<br /> , t ir..
<br /> i.. �:
<br /> • . Together with all bulidings,improvementa,fixturea,atreeta, a�leys,passageways, eesementa,rights, prlvileges and appurtenanceu . .�: "
<br /> loaeted thereon or In anywiae pertaining thereto,and the rente,isaues and profita, reverelons and remainders thereof,and such personal y;�,�--
<br /> ' property that ie attached to the Impravemente so as to constltute a flxture,Includ(ng,but not Ilmited to,hesting and caoiing equlpment; �:�•y`!
<br /> and togethor with the homestoed or marhal int�reste, if any, which interests are hereby�eleased and waived;ail of which, including t i
<br /> _ : replacements and addklona thereto,is hereby declared to be e part of the real eatate aecured by the Ilen of this Deed of Truet and aIi of �4�«� __
<br /> the taregofng being referred to herein ee the"Property". . +,' �
<br /> �• :r.-;� t
<br /> • •!,��..��, Thia Deed of Trust ahali secure ta)the payment of the pNncipet sum and interest evidenced by a promissory note or credlt •• � ;,� ;
<br /> , . ° `:t��i
<br /> , ��;,... t
<br /> ' egreement dated July 21, 1995 ,fiaving a maturity dete of Auguet 10, 2003 ;;� • - j
<br /> ..l ., j '�1
<br /> � �' � In the orlginal principat amount of 8 20,045.53 ,and any and ali modifications, extenelons and renewals �• �y�
<br /> � ' thereof or thereto and any and all future advancea and readvancea to Bonower for any of them if more than one)hereunder pu�auant to " � . i �
<br /> � �� `'�� one or more promissory notea or credit agreements lherein ceiled"Note"1;(b1 the payment of other sums advanced by Lender to protect '.'
<br /> �'' the securhy of tha Note;tc)the performance of ali covenants and agr6ementa of Truator set forth herein;and (d!ail present and future � �•
<br /> Indebtedness and obligat(ons of Bortowor tor any of tham If more thnn one> to Lender whether dltect,indfrect,absoiute or contingent
<br />- • and whether eriaing by�ote,guaranty,overdrah or othervvise.The Note,this Oeed ot Trust and any and atl other doouments that aecure A �
<br /> • ' the Note o�otherwiae executed In connection therewith,lnduding without Iimitetion guerentees,seeurity agreemente end assignments �? �•�,�--
<br /> . '' '• ot Ieasea and rente,shait be referred to hereln as the"Loen inetrumente•. � '�'' _�^�
<br /> xc.-,:;,
<br /> �� Trustar covenante and agreea with Lender ae foilowa:
<br /> 5'�
<br /> .. 1.Peyment of indsbtednaas.A�I indebtednesa secured hereby shall be paid when dua. �"'
<br /> . 2.Titls.Trustor la tha owner of the Property,hes the tight and authority to convey the Property,and warrants thet the Ilen created ���,� .
<br /> , � hereby Is a first and prio�tlen on the Piroperty,except tor Ilene and encumbrances aet forth by Trustor in writing and delivered ta Lender t,7,,,�
<br /> • � betore exe¢ution of this Deed of Truet, end the executlon and de�ivery oi this Deed of trust doea not vloiate any contraat or other ��'�
<br /> obllgation to which Truator la subJect. -
<br />- ^�� 3.Toxea,Aeaessmente.To pey before delinquenoy aIi texes,specle�aesesaments end all other charges against the Property now or ��'�
<br /> ., hereatter levied. '��..
<br /> r•.
<br /> - " 4. tnaurence.To keep the P►operty insured againet damage by fire,hazerds,Included within the term"extended coverege', end t"
<br />-. , . .. .::..
<br /> ,.:�:;, '° such ul6nr hezarde ae tmlJer t►wy reyuire,in amuunte and with companiea acceptable to Lendar,oaming lender as an additfonal nemed --'�-� ` "�-.,�
<br /> . Insured,wtth Iose payable to the Lender.�n case of loss under such policfea,the Lender is authorl:ed to adjust,coitect end cort�promise, '. "' '
<br /> �� ali claima thereunder and shati have the optfon of apptying ail or part of the insurence proceede lil to any indebtedness seeured horeby
<br />- and in such order as Lender mey determine,tii)to the Ttustot to be used for the repeir or restoration of the Piropercy or Ilip for any other '�'
<br />= purpose or obJeat eatlsfactory to Lender wlthout affecting the Ilen ot this Deed of Trust tor the ful►amount secured hereby before such �.
<br /> - payment ever took place.Any eppltcetion of proceeds to indebtedness shell not extond or poatpo�a the due dete ot any peymente under �
<br />�- �• the Note,or cure any default thereunder or hereunder. .
<br /> „ • 6.Etcrow.Upon written demand by Lender,Trustor sheil pay to Lende�,in euch manner eg Lender mey deslgnete,suttl¢ient sums ,
<br /> to eneb�e Lender to pay as they 6ecome due one or moro ot the following:1�► aN taxea, asseaements and other charges againat the
<br /> - Ptoperty,Hf)the premiums on the property inaurance requlred hereunder,and Ilip the premfums on any mongage ineurance requlred by •
<br />" Lender. ;� '.•
<br />.= 8. Metntenanee,Repatrs end Compltnnce with Lews.Trustor ehaii keep the Roperty tn good conditton and repalr, ahali promptly . '.
<br />-- repair,or replace any improvement which may be damaged or deatroyed;shall not commit or permit any waste or dete►ioration of the �
<br /> Proporty;shall not remove,demotish or substentfally a�ter any of the improvements on the Property;shnll not commit,suffer or permit
<br /> eny act to be done in or upon the Property In vfolation of any Iaw, ordinenco,or regulatian; and shali pay and promptly dlscherge at
<br /> '.t. , Truator's cost and expense ail�lens,encumbrancea and chargea Ievled,lmposed or esaessed agafnat the Property or any part the�eof.
<br /> • 7. Emtnent Domnln. Lender Is hereby asafgned ali compensation, awards, damages end other paymenta or reifef (horelnaher
<br />- - --- - --�- "Prnr.owda"1 In rnnnaet�nn wlth randsmnatinn nr othar tnicinn of the Pronertv or uc�rt thereot.or for convevence In Ifeu ot condmm�atinn. .------ ------ - -
<br /> -., - -- -- -- . _ . . . _ __-
<br /> _ _ _
<br /> - , ' ' Lender shell be entitied at its optfon to commence,appear In and prosecute in its own name any actlon or ptocoedings,and shail aiso be
<br /> + . entltled to make eny compromise or settiement fn connectlon with such taking or damage.in the event any portlon of the PropoRy is so
<br /> ' teken or damaged,Lender shall have the aptlon in ke soie and ebsoiute diecretlon,to apply eli such Proceede,after deducting therefrom
<br /> t all coats and expenses fncurred by k in connectlon with euch Procaods,upon any Indebtednesa secured hereby and In such order as
<br /> _, Lender may determine,or to apply all such Proceeds,ofter euch deductions, to the reatoration ot the Proporty upon such conditlo�s ea
<br /> ; Lender mey determine. Any appllcation of Proceeds to Indabtedness ehell not extend or poatpone the due dete of any payments under
<br /> .� ' the Note,or cure any defeult tAereundor or horounder.Any unapp�led funds shall be paid to Trustor.
<br /> �. 8. Pertormenco by Lender. Upon the occurrenco of an Event ot Dofault hereunder,or ff ony act Is taken or legal proceeding �
<br /> - •• commenced which materially affocts Lender's inter�st In tho Propony,Lender may In its own discretfon,but without obligation to do so,
<br /> �, and without eotice to or demand upon Trustor and without reteaeing Truetor frorn eny ob�igatlon,do any act which Trustor has agreed
<br /> � � ; but faits to do and mey elso do any other act It deoms necoasary to protect tho security hereof.Truator ehall,fmmediate�y upon demand ..
<br /> therefor by Lender. pey to l.ender ail costs end expenses Incurred and sume expended by Lender fn connectlon wlth the exercise by
<br /> - Lender of the toregoing rlghts,together with fnterest thereon at the defeuit rete provided fn tho Note, which ehell be added to the ..
<br /> ; indebtedness secured hereby.Londer ahail not Incur any Iiabltity becauae of anything it may do or omft to de hereunder. ,
<br /> " NBC348�A 1NonaqneWwro�0eod1 Nw.t196
<br />:j.. � �1988 Notlonol Bnnt ot Cartuemce Trutl tnd Savinps Aesoaeuon.�ncdn,NaWe�to .
<br /> � ,
<br />
|