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<br />NEBRASKA DEED OF TRUST - LINE OF CREDIT
<br />(With Powel" of Sale)
<br />day of November
<br />
<br />2002
<br />
<br />I between
<br />
<br />
<br />THIS DEED OF TRUST, made Ihis
<br />Steven R Spearman
<br />
<br />II
<br />
<br />, whose mailing address i. 2204 S August Street,
<br />Grand 1.land NE 68801 ,as Trusto,", Fil'st American Tillc Insurance Company
<br />whose l11ailing address is PO Box 267, 1]4 E, 51h St., Suntu Ana, CA 92702 ,liS Truslee, and Wells Fm'go Finaneiai Bank,
<br />whosc mailing address is 3201 North 41h Avenue, Sioux Falls, SD 57104, as Bencficiary,
<br />WITNESSETH, Trustnr. hel'eby in'evocably, grant, bUI'gain, sell, and convey 10 Trustee in Iru'l, with powe,' ohalc, the following
<br />dcscribed properly in Hall County, Nebrn.ka:
<br />LOT I, BLOCK 6, COUNTRY CLUB SUBDIVISION IN THE CITY OF ORAND ISLAND, HALL COUNTY, NEBllASKA.
<br />
<br />Together with tenements, herediUII"ent., and appurtenances Ihereunto bclonging 01' in anywise lIppertaining and the rent., issues
<br />and profits thereof,
<br />Thi. conveyance is intended for the purpose of securing the payment to Beneficiary of initial and fulure advances to Trustor's under
<br />a Credit ClIrd Account Agreement ("Agreement") in an amount of principal no I to exceed $200,000,00 outslanding al anyone time, plus
<br />interest on the principal outstanding fl'Om time to time at the rates from time 10 time providcd for thereunder, Payment l1Iay be made in
<br />ndvanee in any amonnt al any tillle, Defanlt in making nny payment shllll, at the Beneficial'Y's option and without nOlice 01' demand,
<br />rendel' the entim unpaid halanee of said loan at once due and payable, less any required rebate of charges,
<br />To protect the security of this Deed of l' rust, TmSlOr covenants and agl'ees:
<br />I. To keep the properly in good condition und repair; to permil uO waste thel'eof; to complete any building, structure Or
<br />impl'Ovement being huilt or about to be built thereon; to rcstol'e promptly any building, .tl'llcture Or improvement thel'eon which mllY be
<br />damaged or destl'O)'ed; and to cOlllply with all laws, ordinances, regulation., covenants, condit.ions and restdetions affecling the
<br />propeny,
<br />2, To pay beFore delinquent all lawful taxe. and assessmenl. upon the propeny; to keel) the propeny free and clear of all other
<br />eharges,liens 01' encumbrances impairing the seenrity of this I)eed ofTrus!.
<br />3, To keel) all buildings now or hereafler erected on the propel'ty dese,.;bed herein continuously insurod against loss by fire or other
<br />hazards in an amounl not le.s than the tutal debt seeurcd by this Deed of Trust, All policies shall be held by the Beneficiary, and be ill
<br />such compunies as the F.Iellefici.u'y may approve and have loss payable firsl to the Beneficiary as its interest may appear lII\d then 10 the
<br />Trustor, The smounl collected under any insunlllee policy may be applied upon any indebtedness hereby seemed in such ordel' a. the
<br />Bc.l1efit~illl'Y shall determine. Such npplication hy the Benoficiary shall 110t cause di~COlltillmmce of any p."oceedil1gs to foreclose this
<br />Deed of Trust or Ct"e or waive any default 01' notice of default or invalidate any act donc pursuanllo such notice, In the evenl of
<br />FOI'eelosme, all rights ufthe Trustor in insurllnce policies then in force shall pass 10 the purchaser at the foreclosnre sale.
<br />4, To obtain Ihe wdtten consent of Benefieial'y before selling, conveying 0" othelwise transferring Ihe property or any part thereof
<br />and any such sale, conveyance or Imnsfcr wirl,otu the Bcaelleiary's written consent shall cunstitute a default undcr the terms hereof.
<br />5, To defend any aetinn 01' pl'Oeeeding purpo\"ting 10 affect the securily hereof 01' the !'ighls or powers of J3el\ellcial'Y 01' Trustee,
<br />6. Should Tl"Ustor f<ti1 [(J pay when due allY taxes, llssCSStncnts, insunmce premiums, liens, enculllbrances 01' other charges ugainst
<br />the property hereinabove described, Beneficiary may pay the saIne, and the amounl so paid, with intel'cst III the rate set forth in Ihe note
<br />seeUl'ed hereby, shall be added to and become a part of the debt secured in this Deed ofTru.t as pel'll\itted by law,
<br />IT IS MUTUALLY AGREED THAT;
<br />I. In the event any pOl'lion of1he pl'Opcrty is takcn 01' dsmaged in an eminent domsin proceeding, Ihe enlire .11101lnt of the award 01'
<br />such portion thereof as may be necessary to fully satisfy the obligation .ccured hereby, shall bc paid to Beneficillry to be applied to .aid
<br />nbligation,
<br />2, By accepting payment of III1Y Stllll secured hereby aftcr is due dille, Benef1cial'y doe. nor waive its righl to mqllil'e prompt
<br />payment when due of all olher Slims so secured or In declare defllult for failurc to sO pay,
<br />3, The Truatee shall reconvcy all 01' any part of the pl'Opel'lY covered by this Deed of Trust to thc person entitled Ihereto, on
<br />wdtten request uf the Trustor and the Ueneficiary, 01' upon satisfaction of the obligation secured and w,.;tten I'equesl fnr reconveyance
<br />l11ade by the BeneficialY 01' the person entitlcd IhOl'CtO,
<br />
<br />Ne:.979NOWI.INe-01M (lIl!iO U5ed by IA)
<br />
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