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<br /> � DEED OF TRUST WITH FUTURE ADYA(�10E�`-
<br /> ?HlS DEEO OF TRU�T,is mado as ot tha �6th �y Q�„ February _,1�96.. by and artwn�� r
<br /> � G \�
<br /> � tR�Trwtor. , $ �,`
<br /> ' \ _.-
<br />..��f P r�....�1 I 1 �g.
<br /> • whcso mailinp address ts��Qt W 2nd St y„ s ^nri��sRS�3(herein"Truator;'w�aw a more� __
<br /> # Five Points Bank a Nebr�aska Cor aration • ;�,.
<br /> . the T�ustee.
<br /> �'-
<br /> T whose ma;linp addrau is P•�• Box 15Q7, Grand Island, NE f:8802-1507 (hKeln "UustM'1.snd __
<br />' � utis e.naiclary. � �,
<br /> f • �__
<br /> whps�mailinp address Is
<br /> 2015 N Broadweil � e Gr�n�i IcOancf E 6fi8@?-1507 (he�Nn"l,e�►'�. -
<br /> �•�,.� .lolene M. FreBrick _
<br />'�:•`:;�x'`,:� FOR VALUABLE CONSiDERAT1p(v.��clu�inp Lend�r's extension of credit ider�t�lie�ho�oi��
<br /> ;.;�._,.,
<br /> and Steven L, Fredrick (herein"Borrower",whettidrone or more)and tt►s trwt h�tsi�cnat�d,
<br />- ,# . the�eCalpt o1 which is heteby acknowledyed.Trustor hereby irrevocabty pranW,iransfers,conveya and acso�ns 1u Trua�.U�1 _
<br />°_ _� TRUST,WITH POWER OF SAIE,for the iw��efit and aecurity o4 Lender,under and aublect to the tsrms snd co������� --
<br /> ��i����ty�d�.io rd s to low�a'1 Blodc Nirete�a� (19�� of Kertdian& Oad�r's Addltian to tS�City of
<br /> O�ad Isla�d ad its omplere�t to�arit: Factiarel Lot �ive (5) in Fractiarel Blak Wretem (19) of
<br /> pafner•s 96dtvisian of lot Sc�a� I7), of the Ganty 3/xlivisim of tt�e Sout�t p�rter of the S�autl�est
<br /> aerter (gil�M1A/4) of Secticn Sixte� (16�. Tair�silip Eleuen (11) L�►�th F�r�g (9)Ykst of the 6th P.NL.
<br /> al l���.�b,��Provement,s..fxteires,streeta,alleys.passa9eway3,easernants.riyhb,privilpos and appuAe-
<br /> �'" ninc�s tocaeed thereon or in anywise pe�3ainin�therato,and the rents,issues and proht9,reveraions and remainder�tfi�w�.�►d
<br /> ��'"` 1 that is attactwd ta tha improvements so es to contUtut�e fixWre.inclucl3n�,but not Iimitsd to,h�stinp aed
<br />_.�:; such parwrw propsnY
<br /> ��:c� ���oqu,pme�C and to�etrier with the�omestead or marital interesffi.8 any,whtch interesb ace 1�ereby releaesd and M►air�d:tJ�
<br /> �:.� . .. . .__...,,-----�..___.........,a aaas•:��.th«.wt�.is herabv d�clarod to be o D�d e1 ths rea:.sate�ecured by the li�n o1 tl�ia
<br /> Deed ot Trrust and all of�a for�olnD beit►p reterrod to heteln ae the"Properly". --
<br />= This L1aad ot Trust shall sacure(a)the paymant a1 the pdncipal sum and interest evidenced by a promisfory naN or cnd+t
<br /> - ���--••arv 6 1 9Q6 ,ryiY;i�3 flNtlt�lty ditA OZ Fahr.�arv 2r ZQ(1,� -----.
<br />-r;� aQf661116t11 di� �L--�
<br /> in tM oriyinsl princlps�amour�t Of S 60 000.00 and ar�y�r�d a��modiNcaUon�,ex�lfion�and��S
<br /> �— thsrwl a thareW and any and all future advances and readvances W Bo�ro►var;or any o1 them it mors than onr)het�ufidK
<br /> �•.: pu►want to one or more promlaaory notes w cradit aproements(horei�calbd�Note�1,(bl u�e payment w os�wm�edvanaa b�►
<br /> ''�'��' Lsnde�to probct td�sacurity of the hota�;��)the PeAomnance of a!!co�an�nts and ayre�rtw�m of Tcu�o►set fath t�nin:u�d��ail
<br /> j��i� prewnt and tuWrs Indsbtednesa and abFAs�Uons of Bonower(or any of tMm tf moro than one)Lo L�ndM'whMAs�dir�t���"'�
<br /> — absotute or conUnpe�t and whether oris:n�by note,pua�anty,overd�tt or otherwis�.The Not�,tt��s Ds�d of Tnist and any and a71
<br /> ^ pther docuenb thet sscun the NO�e or o�eMrlse executed in connectlon therewith,i nc�udin�without flmilat3o+►�uannloM.s�cuntY
<br />--,� apreements and autynments of leafes and rents,shall be rete�red to herein�s th�"Loan Documents«
<br />_„� Trusto►cpygnants and e9rees with Lender as tollows:
<br /> 1. p�yn�M a Ind�bMd�Mp,p�l indebted�ggs secured here6y shall be paid when dua
<br />-"- 2. TiW.Trustor is the owner of tne Property.has the riflht and authority to convey the PropsRy,�nd warra�nb t�t�he�le�
<br /> —` creatad hsreby Is a flrst and prio�tier,on the Property.except far:ians and encumbrances sst forth by Trustot in wrltl��nd
<br />—� r delivsred to Lender�efore ezecution of tt�l�Deed of Trust,and�e exocuUon and d�11w+Y of thi�QNd of Trust doe�not vioial��ny
<br />—s• conftiCt or otl�er obti�at�o�+2�►whielf Trustor is su�a.'t
<br />_,�t. 3. YaxM,As�L-to WY batore delinQ',�e'��all taxea spe�ial ass�nb and aU other ch�r�es�P,at+.ist ths Propwty
<br />��;.�: now or herwitK levied.
<br /> _:,,� 4. I�ano�.To keep the Property'r1s:+red a��inst damaye tsy Bre.huard�Included within tlseLem�"sxOK�ded cove��:erd
<br />,—•4 wch oth�r hazude ae Lendsr may rec�,�e,in amounts and with car.Panles acceP�W Lert��Raminy Le��a an additional
<br /> _ n�n�sd inwrsd.wUh loss paYabla W ttw Lender.In case of toss under such poHcies.the Ler►der 4s authorized b adlust colNct and
<br />=� compromtss.�tl ctaims�eundsr and shatl have the option of appfyirtg al or pert oE Cw�nsunnce proc.esds(iI tc any ind�bMdr�s
<br />_�� sscured henbl/aed tn such orMr as Lender may determine.(if)to fhe Trustor to ba c:s�for ths repairor restoration o11M PropK�Y
<br /> or(11�ta any otMt purpo�e or object satlatactory to Le�der without ath3ctin�th�Itare c(1t�is Owd ot Trust for ths futl unouM seeur�d
<br /> ' R hcreb�bstws s��Ch pnyfmsnt evsr took pi�Ce.Any ap,plication of piGCeeds W inde:iedri8ss shull aa!extand W p01tpOM tl�e dw
<br />_?�.t da�p�any plymenb unde►the Note,or cure any detault triereunder or hereunCer.
<br /> — 5. F.�e►ow.Upon written demand by Lender.Trustot shall pay to Lender,tn such rnani►sr as Lsnde�maY d��D���++��^t
<br /> �� g����naW��,endec-t�o�ay a�ytiey become due one or more o1 the fdlowin9:(��li S�xe:.assessnwnb and otlfsr chargM painst
<br /> � 3 q�e prapsRy,pi)1hQ pre�r.iums on ths property insuranco requirad horeunder,ancf pU)ttw premiums on anY ma�I�stusnc�
<br /> �, � requtred�Lert�er-
<br /> - 6. �p�����s��wNA {,�w�.Trustor sh�tl koep the Property in yood conditlon aed repatr,shaU
<br /> : prom�tly repai►.or rc�iace any improvert�ar►t whtch may b�damaged or desLroyed: ehail not commit or pKmft any wafM a
<br /> . . dM�;onUcn ot the RrcQerty;shau not removs.d�rtwliYh ar wbwnt1s11y alte►any ol ths improvamMb on th�Prop�ry;shall not
<br /> - - aommit,wtt�r or pertnit any act to be done in or uport ths Prapsrty in violttlo�ol arey qw.ordinanc�.a hD �������
<br /> promPtlY dlscharye at Trustor'i cost and exP�nN al!Uans.ancumbrar►ca and chu0e�Isvi�d.►mPcs�d
<br /> propsrly or any Wrttltereol.
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