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<br /> � -., �� V DEED�F TRUST INITI�FtJTURE ADVANCES '�'
<br /> THIB DEEO OF TRtlST,Ia r�ade aa of the l� day of �atobeP ,19�,by and emon� �
<br /> � 8obert V. Shemvraod and Brenda K. Sherwood husband �nd wife . �
<br /> .�:`;�,;;;.:-, �Kk theT►uuor� �.
<br /> Who;oma���np�ddmrs�� 211 Citm�bell Ave., DoniAharl, NE �heroin"Truator;'whethor one or more),
<br /> � '� Hank o f Aoai han
<br /> , � the T�u6tee, �
<br /> t����`� NE ��832
<br /> whosemailinp addreas le P•�• BOX B, Doniphan. (hereln"Trustee'y.and
<br /> ' � Bank of IIoni han
<br /> ' the IBeneflolary. �
<br /> my^_ .=
<br /> . �- whosemalllrtg addrea8ls P•U. tSOX �• 11oAiAAFau. � �v��2 (herein"Lender"j. ,;;-
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<br /> ' • • '� FOR VALUABLE CON3IDERATION,inaluding Lender's extension ot aredit idendfled hereln to Robert V• etrid _ _E•_`
<br /> ;.�-;,�•-,;c •
<br /> -4�;:-;;��;�?°it� ' BY`eAdit K. She2'WOOd� husba�d and �����ROwer',whether one or more)and the hust herein areatod,
<br /> r��;..��:' the receipt oi whlah is hereby aaknowiedged,Trustor hereby irrevocabty grants.transiere,conveys and aestgna to Trustee�IN
<br />-.tin:°s�'� TRUST,WRli POVYER OF SALE,torthe beneflt artd securityoi Lendar.underand aubJeotto theterms and conditlons hereinatterset
<br />�--:�._��`�+: forth,the real propeAy.desaribed as tollowa _
<br />_�. . -
<br />''`•'"�!�<�_�' 3EE LEQAL DESCRIPTION ATTACHED ��
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<br /> "` , . �::
<br /> =,_ �. .: .� .
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<br /> '•� Together wtth all bulldings,improvements,flxtures,streets,elieys,pasea9eways,easements,�ights,privileges and appurte-
<br /> - - nances toaated thereon or in anywise perteining thereto.and tha renLa lasues and proflts,reversions and remainders thereof,artd �.
<br /> �x.:'�y.r• suah personat property that is attached to the improvementa so as to cor►stltute a flxtu►e,inaludUg,but not Iimited to,heatirtg and �
<br /> "='�'�3���!" cooltnp equipmenx artd together with the homeatead or maritai lnteresta If any.whiah Interests are hereby reteased end waived;all
<br /> ��-.:_�.�� ot wh�H.inatuding replacemente and additlons thereto.is hereby deatared to be a part of the real estate seaured by Me Iten of thia �
<br />--�`�;� Deed o!Tivat and ail of the toregoing betng reterred to herein as the"Pr�perly". _
<br />�.�.�=;;t�,;.
<br />,_;�;,;�:._°��_ This Deed of Truat shall seaure(a)the payment ot the prinaipal aum and interest evidenced by a promissory note or aredit
<br /> --- ° October 1$. 1995 ,having a maturlty date of n^+^�""' '�`: ��L--,
<br /> --° - agreementdated
<br /> =K�:�� 50�000•00 ,and any and all modiflcadons,extenalons and renewals
<br /> ""? � in MeoHginal prtnatpal amount of S
<br /> -'-:=' thereot or thoreto and ar►y and all future advances and readvanaes ro Borrower(or any of them if more than one)hereunder
<br /> m���=j- ��'� • pursuant to one or more promlasary notea or nredR s8reementa(herein oatted"Note'q;(b)tho payment of other aums artvancsd bY
<br /> �t�"`'� Lender to protect tha security of tha Note;(o)the parformance of alI covene�nts and agreementa of Trustor set torth h�rein;and(d)all
<br /> ��°�� present and fuwre indebtedness and obfigatlona of Borrower(or any of them if more than one)to Lender whether direcR irtdirect
<br />�;�.;,zi�� absoiute or contingent and whethor arising by note,guaranty.overdraRor otherwlse.The Note,thfa Deed of Trust and any and ali
<br />:-,��;•�-T-��c�� othordocuente that seaure the Note or otherwise executed in connection therewith,Including without Iimitadon guarantees.seaurity
<br />-=-_�� agreem�nts and easignmenta of leases and rents,ahall bo referred to hereM as the"Loan Documente".
<br /> -��r^�+� Trustar covenants and agrees with Lender as foliows
<br /> --�n:�.. L paym�M ot Ind�bt�dnas.Aq Indebt�sdness secured hereby sha►1 be paid when due.
<br /> ---_-- 2.Tiq�.Trustar ia the awner ot the Property.has the Mght end authority to convey the Property,and werrents that the Ilen
<br /> croated hereby is a N►st and pHor Ilen on the Property,except tor Ilens and encumbrances aet toM by Truator in writtng and
<br /> -- de9lvered to Lender before exeau8on of thte Deed ot Trust and the execuUon end deltvery of thie Deed of Trust does not viotate any
<br /> W""`�—' co�ract or other obligstion to which Trustor is aubJeat
<br /> �`�°°"'�� 3. Tex�s,�n�n1s•To pay before detinquenay ali texea,apeclal assesamenta and atl other oharges against the Propetly
<br /> - now or hereafter levied.
<br /> 4. Inwranc�.To keep the Properiy insured against damege by flre,hazards�naluded within the terr�"extendod coverage",and
<br /> - - such other haiarda as Lender may require,in amounta and wfth companies accePffible to Lender.namtng Lender as an addi�onal
<br /> __- named tnaured,with toss payable to the Lender.In case of loss undsr such poticles.the Lender la authori=ed to adjusf,Colleot and
<br /> --� ccmpromise.ati claims thereunder end shall heve the opUon of apptytng r�ll or part of the fnsurance proceeda(q b any indebtedneas
<br /> — aecured hereby and in suah order as Lender may determine,(li)to the Trustor to be used for the repairor rostaratlon ot the Properly
<br /> or piqforeny other purpose or objeot saUstsctory to Lender withoutaifeoUngthe tien of thla Deed of Trusttorthetuit artrouM secured
<br /> hereby before suah paymeM ever took piace.Any appHcation of proceeda to indebtedness ahal��ot extend o[po�e the due
<br /> - -- date of any payments urtder the Note,or aure eny detauit thereunder or hereunder.
<br /> 6. E�crow.Upon written demand by Lender,Trustor shall pay to Lender.in euoh ma�ner as Lender may designate.suffiotent
<br /> --�------ the Property.tfi)ihe Premi�um on�e proPerty insurance req re d hereuna�.a d p�ilj the premiums on eny moer�9e i�nsur�ance
<br /> - -- = requlre�by Lender.
<br /> �---=— 8. Matnbnanc��R�pafn and Cornpliaoe�wtth L.ews.Trustor shall keep the Properiy In goad condt8on and repair,shalt
<br /> _'.;�=_:M� prompUy repatr, or reptace any improvement whioh may be dameged or deatroyed;shatl not commtt or permR any was3a or
<br /> j,.���_.=n. detertoration of the Property;shali not remove,demoiish or substaMialiy alter any of the Improvemente on the Property:shel�not
<br /> -�- commi�sufter or permit any aat to be done in or upon the Properly in vlolaUon of any Iaw,ordinance,or regulaUon•artd ahali pay and
<br /> ',;;:�:;;�'.�..;•,x
<br /> : �� . .� p p�omptty discharge at TrustoPs cost and expense all Itens,enaumbrencea and charges tevfod,imposed or assessed a8ainst the .
<br /> �'`":�'`�:'" �. �,
<br /> r Property or any part thereot.
<br /> •.. .�,-' y� 7. �[rnnt Domalrt.Lender le hereby asalgned atl compensaUon,awerds,damages and other payments or reliet(hsreinafter
<br /> "���'� �3' "Proceeda")in conneoUOn with condemnaUon or other taking of the Froperty or part thereof.or fo�conveyance in Heu of condemna-
<br /> - _ : 1l� tion Lender sha�t be eMRied at its opUon to commence,appear in�nd prosecute in Ns own name any ecUon or proceedings,end
<br /> shall also be ecrtfUed to make any compromise or setttement in conneotion with suoh mking or damage.In the event any portton of
<br /> --� � .we���....��nntinn In Ita snle artd 8bsolute di80fet100.t0 9PP1!►8118UCh PfOt�6d�,
<br /> ��._�'._•�- - m8l70p8T1y Is 6o IRRQn Vi Votaayw�rvr�w�w.�.•....'�-'�_.-__"' '-
<br /> ',"�� ° ..^.� afterdedu�ting therefrom ali costs and expenses incurred by it in ao�eestion with suah Proceede,upon any indebtsdnass secutetJ
<br /> hereby end in suah order as Lender may determine,or to appiy att such Proceeds.after euch deductlona,to the restoration of the
<br /> ' P�operiy upoo such conditlons as Lender may determine.Any appticaUon ot Proceeds to indebtedness shall not eztend or poatpone
<br /> thedue date of any paymenta under the Note,or oure any default thereunder or hereunder.Any unapp�led tundo shail be paid to
<br /> �_ ,� Tru�or.
<br /> g, p�rb�ma�ea by I.ender.Upon the occurrence ot an Event af Detault hereunder,or if any aat Is mken or legal proceedirtg
<br /> �� commenced which mateNalty ettecta Lender's Interest in the Properiy,Lendor may in Its ow�dtscreUan,but wlUtout obltgeUon to do
<br /> •• eo,and without notice to or demand upon Truotor and without ceioa�sing Trustor from any obligabon,do any aat whiah Trustor has
<br /> a�recd but iaAa to do and may also do any other ect it deema necessary to proteot the seaurity hereof.Truator ehail,imrrtediately
<br /> � upon demaed therefor by Lender.pay to Lender a0 costs artd expenoes inaurred and eums expended by Lertder in conneaUon wlth
<br /> • added toithe indebtednesa seoure�d hereby.�Lend�eeaha0 rtot nau amr Iiabllitydbeoause�anything it�may do ohtom�to do
<br /> -� ' hereunder.
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