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<br /> D�ED 0�1'RUST WITH FUTUR@ ADV�►NCES Q�..1n4�."�� --
<br /> THIS DEE�OF TRUST,is made ea oi the 22nd day ot t1aY , 19 96 ,by end amon9 t, �
<br /> � �
<br /> L�a TNSta�,RAXM02iD J & JENNIP�'R S 0'CONN�t & ROBERT A PAVEL � p�
<br /> �ryfl������I� 422 SdUTH GIINBARBEL_S�A�, GRAND�SLAh'D N� (herein'Trusto�',whether one or more), ��
<br /> �.��st�FIVE POINTS BANK� A NEBRASKA CORPOMTION '
<br /> whose maiNng eddress is P.O. BOX 1507 GRAND ISLAND N� 68802 (hsref�"TrusteE+'�,arv.i
<br /> tho Boneficlary, gIVE POINTS BANK
<br /> whose malNng eddress Is?O15 N BROADWBL7, GRANA TSLAND HE 68802-1567 (herein'Wndaf).
<br /> FOR VALUAeI_E CONSIDERATION.Includiny Lender's oxtension o!c�edtt ide�tifled herein�p��M�� J. & JEttNTFER S.
<br /> 0'CONN & ROBERT aT PAV£LKA
<br /> (herein"Bortower;whether ono or mora)end the t�ust heretn created.d»recetpt
<br /> �� ��.����.r���r,�,;ye_.�.+,Ynwtnr hereby Irrevocabiy arunte,transfere,conveys and assigns to Tn�stee,!N TRUST.'WITH
<br /> .�_�_�
<br /> PUWER OF SAI.F,for the boneSt end securitY ot Lender,UIKI9�fl1HI BUI�OCZ ZO H19 t9(RiS B�KI CWWIilOf18�IBf61f191(9f SHl iu�uq u�o�w
<br /> Proper►l►deecribed ae foltowe:
<br /> Lot Two (2)� Hlock Two (2), Continen�al Gardens� Hr�ll County� Nebraska
<br /> Topethor wkh eU buiir�nys�Improvemente�fixtures�at�eets�alleys,Passa9ewgYs,easemanb�r{phte�P�+��a��Aener�ces
<br /> located tliereon or In enywlse peRalnkq thereto�and the rents,Isauea end proflts,revansione and remakxiero thereof�arW sud�per-
<br /> sonal properiy that is etteched to the Improvements so as to consstitute a Bxture,Induding,but not Ilmlta)to,heatlng eu�d coolin�equlp-
<br /> �t���gey�er yvfth the horneytemd or maritel IntAresis,if any,wh�h fnterests are hereby rolease�i and weivad;all of wlilch.lndud•
<br /> Irp reptacemente and eddidons thereto.la hereby dedered to be e part ot the real estate secured by the Ifen of d11s Dued d Truet and
<br /> aU of the toraflo►ny heing retoRed to hereln as the"Prope�•
<br /> Tt�is Deed of Tnr�t�I secure(e)the payment ot the pdnctpai sum and interest erldenoed�y a pm�m{�ory�ote or cro�it aproe-
<br /> ment dated_.�Y 22ND 1996 .having a maturiry date M NOnEHBER 18TEI 1996 ,
<br /> In the odglnel prtncipal amount of S y6�100.00 , and any and etl modflicatbna�extensfons e�nd�er�ewa�a
<br /> q�ereot or thereto and eny and all future advarx�s and readvanoe�to 8ortower(or any af tham It more than one)t�ersur�der purouent
<br /> to ono or more promiasary notes or credit a9reements(Neretn cal{ed'Note'�;(b)the peyment of dher eurne advenced bY Lendsr b
<br /> protect tta coairity mt the iJote;(c)tho PeAortnarx'.e ot ali covenants end ayreements of Trustor set forth hsroin;ar�d(d)all preser�t�nd
<br /> {�,t„�n�rur,r»�dneas gnd obNaeUons ot Borrower(or any ot them M rnore thare one)to Londer whetlter dlrect,IrxArect,ebeotute w cor►Un'
<br /> pent and wiiether e�irtg bY note�Ouarxnty.overclratt or otherwlsa.The Note.mis t�eed of i rust a�b�u►y ww aii v�ia��,a�.+sra.q NI��
<br /> secure the Note or othenvise executed in connection therewith, Includ{ng wfNwut lim{tation guarantees,securit�epreements end
<br /> asslgnrr�enta d feases and rents,shell b��eterred to h6retn as the'Loan Instaments'.
<br /> 7rustor oovenants end e9reus witli L�nder as follows:
<br /> 1. Paym�nt�f k�drbt�drMSa.AII indebte��ess secured hereby shall be pafd whon due.
<br /> 2. Tltl�.Trustor i3 the owner o!the Property.has the dpht and authority to convey the Property.and waRante that IIha lien creat-
<br /> Lender betore exec�of this Deed ot T�and t e exfecuUon and de w ry of�thfs Deed of Tru trdoes not vlolat�Y c�►trflct nr
<br /> other obligeitior►to which Trustor Is subJect.
<br /> 3.T�x�s,Ass�ssm�+�b•To pay bniore deitnquency atl tettes,spec�al assessments and alt other charges ogatr►st the Property
<br /> now or hert+aft�r bvled.
<br /> - 4.Insur6nc�.To kASp tho Property tnsured aqalnst damage by fire,haza►ds inctuded within the tertn'extended covera�e'.+ind
<br /> ��ch he�rds as Le��der may requlre,in amounte and vrith compenies ea�Pteble to Lender,naming Lender as an additior►e�l named
<br /> Insured,wkh loss AayaWe to the Lencter. In case ot bss under such po��ies�the lenc�er!s aut,`wriz6d to adj�wt,ca«;,ci:.�d cmry^.ro-
<br /> - mise,ail dal�ns thereundar enai shall have tne optlon ot applying all or paR o1 ths tnsarance Rroceec�s(0 to any Indebtedoess secured
<br /> hePeby ar�d tn s�x;h order as Lender may detertnlne,pi)to the Trustor to be used for the repalr or restoraHon of the Propeity or(Iih for
<br /> eny other pu�pase or c�bJect setisfa�tory to Lender without affecttng the lien ot th�s Deed o1 Trust for the full amount secured hereby
<br /> ---.Y.._� ..... ° ��,...e a...M�a tn tndobtedness,hall not extend or postpa�e tho due date ot any
<br /> � p@fOf9 6tlGit piryii�i�vra av�n�M1°`�°••9•s v��'^�—•r------ �-
<br /> = pay►re�nts under ihe Note,or cure eny defauft thereunder or hereunder.
<br /> ' 5.ks�roYr.Upon wdtten demand by Londer,Trustee shall pay to Lende�,in such manner as Lender may cfeslgnate,suftiolent
<br /> = sums to enabte Lender to pay as they become due one or more ot the folMwing:(q all taxes,assessments and ather chargea ega�nst
<br /> .;� the PropeRy,(II)tho premlwns on tl�e property Insurence requir�d hereunder,(Ilq tho premiums on eny mortgage insurenoe requlred by
<br /> = Lendor.
<br />-� 6.�A�Int�nanc�, R�pain ond CQmpll�nc�with l,rws. Trusmr sRall keep the P�opeRy In yoad condiUon and repafr, shall
<br />-; promptty repair,or reptaoa any improvement wh�h may bs damage�or destroyed;siiall not commit or perm(t any waste w dete�iora-
<br />-; tioo ot the Proporty;shall not remove,demolish or substantlally alter eny of the improvements on the Prope�ty;shall not commit,s�tfter
<br />=; or permil any act to bo done In or upon the PropeRy In vlotation ot any law,ordinar►ce,or�egulaUon;ar►d sha l l pay and promp t t y d{s-
<br />_� charga et Trustors cost end expense Ali fiens,encumbrancea and charges levied,imposed or accessed ega�nst the Property or any
<br /> part thereof.
<br />— 7.E�nin�nt Dom�in. Ler�der la herebp assigned all compe+�satton�awards,damayes end other paymente or retief(hereinafter
<br />__
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