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<br /> by IM•TruNM without�nY Iudiciai proc�sdinQ.Tfustar reprasenb and war�b that thi�acknowTed�artwnt wss exeeuMd b�
<br /> TtuNot b�tori fe��uctAton W ths D��d o17n�. �
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<br /> - . ' ' tMer C. Klagel 7 �
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<br /> _ - (Shirley P. ug�) Wife
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<br />--- . . . DEED OF�3itl3ST Wti'H.-�UTURE �
<br /> TFH&QE�1�E'TRUST.is made a!af���� day o.�_ '�•�Y `�t �'�?by��9 � .
<br /> .�..
<br />_- �Tn,�or. I�erlin C. Ii7.uge and��ley P. K�u�=•:� �;,wi€e .
<br />�'~, yrhoss mailirg a0drass is 1409 W. 3rd St.. Grand Island: 3�;686�I (he�in'Tnsator:whethx one or mory. _
<br />- the Tru�fse. Five Pnints Bank. A Nebraslsa Corposa�£cn � .
<br /> - whoss m�Ainp addcas is..P.�O AnY 7 sp7s Graid ?s�R"nis! �R8(3� (hereirt'Trustee"F,and __
<br /> _ ���, 1}iVe POiritB Bd1)k- � . ' ----—
<br /> _- whossmailinpadd�es+ts P O Hox 1507 Grand�Lslzax'k NE 68802 (herein.:�. =--�_
<br /> .. � Nlerlill C. Kluge:a�d ��`
<br /> FOR VAlU/18EE CCNSIOER11TtON.irtcluding Lander's exter►sw►of c[edit IdenOfied herain ro �= -
<br /> �= Shirlev P Xluae, husband & wife (herein"Borrower",whether ona or more)and the bust herein cr�ated, _ -,������-
<br /> the�eceipt of whfcb is heraby acknowtedged.Trustor hereby irrevocabiy grants,t�ansfer�.conveys an0 assigns to Truatee,(N ��,. �
<br />- � :,. TRUST,YYtTHPOWER�FSALE.torthebenefitandsecurityofC.e�der,underandsubjecttothet�msandconditionshereinafterset . , RS'�''�Y.'y'__
<br /> �� forth.lhs resl propery.desc�ibed as foilowx �"����`�}-��
<br /> ;��. •Lot Rtao (2 3 fn Fractional. Hlock�en t 10I ��nohan ani Decker's Addition to the dty ��_-
<br /> %% of Grand IslanB, Hall County. �-�sa• �� -
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<br /> . j?. � . ,�� � . '�> h 4 ''rT —
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<br /> _ � TogAther witA all buitdings.improvemenis,tixtures,suee�a�eys,passaqeways,easement�,rights,priviteges and ap,�arte- �� __
<br /> �" nances ta�ated the�eon or in anywiss DeRafning thereto,and the renis,issues and profits,reversions and rematnders there�a€,and `; �.r'`
<br /> � such personal properry that is adached to the improvements sa as to constitute a fixture.including.but not limited to,heatinQ and . '�. .�_ _'•e�-_�
<br /> t� cootiny equipmenxand together with the homestead or marital interests,it any,which interests are hereby released and waived:all �`;�
<br /> � 01 which.inciuding reptacements and additions therefo,is hereby daciared to be a paA ot the real estate secured by the Iten otthie , . ' �:�:--s
<br /> Deed of Truat and atl of tt�e toregoing 6etag referred to herein as the"Properry". � • � ,. ___�-—
<br /> s;;..;t,� __
<br /> `,.;'�yr.:; =`_ _
<br /> ' - Thl�Oeed of Trust shait secure�a)the payment of the pripcipal sum and interest evide�ced by a promiasory note or ctedit �,� r�r;�.��,.�{�-
<br /> � �. :�'��'tr`�; -- -
<br /> ayreement deted —rS�Y 18. 1992 ' ,having a maturity date at Mav 15. 1997 , � ; :1��= —
<br /> i��. . , �:-'�".
<br /> • �=?`J�' � in ths oriyinal prinCipal amount of� �+����'y . .and any and all modi6cations,extensians a�d renewat� , , . . ;�;ft•=-
<br /> .�. •. thereot or thereto and any and a!t�un:.r9 aCvartc�s anA readu��.es to Borrower(or any of them if more than one)k�.�nder ( '•,�;:;,�;?., y•-�
<br /> . Ou►suant to one or more promissory r�i9s or credit agreemersts,�r�:ein called"NOte"):(b)the payment o}other sums aCvar�.zd by k ,.',�:. _
<br /> � ��t!1?t. --
<br /> I.anderto protect the seCUriry o1 the Note;(c�the Oer(ormance of afl covenants and agreements o1 Trostai set toRh herein;and(�f1ei1 i���� •°. —
<br /> �,� preaent and futuro indebtedness and obligations�f 8orrower(or any ot them if more than onel to Lsnder whether direcx indlrecL �: �':r".• -.• _
<br /> absoiuta or continpent and whether arlsing by ncte,guaranty,overdratt ar otherwlse.The Note,this Deed o1 Trust and any and 811 � i,:•_
<br /> � � other docuenri tt►ataeCUre the Noteor otherwlse executed in connection therewith,inciuding without limitation guaranteas,securiry �:' _ ��=:
<br /> � f - apreement�and aasignments of teases and renta,ahaii be refened to herein as the"Loan tnstruments". "-,
<br /> . Tru�tor cavenants and agrees with lender as toltows: � ' � � , ��
<br /> w'�"•''�=" 1,piynNnt o11ed�M�QMa�.AN indebtedness secured hereby shall be paid when due. f
<br /> ,.q,r>.,,,>> .
<br /> " ''.�='� � �• r Q.7iq�,Trustor i�lhe owner o1 the Proper'l� has the►lght and authorlty to convey the Property.a-.�warrants that!he lien E
<br />. � i Lat.��_. .. . µ T� .
<br /> ,: :..i 3 �. ��'" cteate0 hereby is a:�':and prior lien on the+�:�eAy,except for liens and encumbrances set foAh L•y Trusto�in wrltfng ertd �
<br /> ---- ::��.,:;_,... ' detivered to LenQer be,'ore exeCUti��s�t this Dee::Trust.and the execution and deiivery of this Qeed of Tr_�doas rtot viGtate eny
<br /> , �."��-'s.;�k. contraet or other obt;,7aiion to w^:J�Trostar is sr�;ect.
<br /> � ��_-��:���.'.' � 9,��,��nq.7o pF��elore Celinquency 2EI ta�ce:.apeciai assessments and atl other charges against the P`ropert�r . , . ,
<br /> '�' ' �' now or hereafter tevte4. , . .
<br /> � :�'���'".•. �, ' 4.haurMC�.To keep the PropeRy insureC 23:��st damage by hre:hazarCa included within the term"extended caverage",and � •
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<br /> . � -.�•. •:';. `. :, ,. auCh Other hezerQs as tender may require.�rt ar�yae�s and w�th campanies�c.eptable to Lender,nam�ng l.ende�as an additional t
<br /> , �• "�,•�;:,Z�;R;•.:'' named inau�ed,with toss payable to tb9 Lender,in case of loss under such poLC�es,the Lender is authorized to ad�ust,collect ertd ;. _
<br /> • �_�:#��r,,.;,, • , compromi�e,all ttaimsthereunder�n�shall have tne optlon of applying ail or per!ot the insurance proceeds(�f to any Indebtedness �
<br /> - � •t�� eecured hereby and in sucfi orcter�g Esnder may determine.iii�!o the Trustor to be used tar cr.e repa�►or restoration of the ProOerty
<br /> � or(iii)1or any olher purpose or o��c�satlsiactory ta Lender w�tnout aBecting the Nen of th�s Qee�01 Trust tar the tuli amount secured
<br /> " • � hereby betare such payment ev�r took ptace.Any appNcation ot proceeds to mdebtedness snail not extend or postpOne the due • ,
<br /> • • date o}any payments under tKe Nate,or cure any detault thareunder or hereunder. , .. _'._,,, _
<br /> � • ' • . S.Eacrow.Upo:�written demand by Lender.Trustor 9helt pay tn Lender,in such manner as Lender r*-ay des�gnate.sufficient • •
<br /> • - - - ---�� sumsto enabfa Lender to pay as they become due one or more of the foitowing:�i)au taxes,assessments ar.d otner charges ageinst
<br /> , � � the property,(ii)the premiums on the property insurance required hereunder,and(iii)the premiums on any mortgage�r,suranCe :
<br /> - - � - required by Lender. • '
<br /> � • A.Mainrn�ne�.Rfpairs and Compli�nc�with Law�.Truator shall keep the Property In good condition aad�epalr;shall � ..
<br /> • � • � prompUy repair.or rep�ace any lmprovemerit which may be damaged or destroyed: sha11 no1 Commit ar permit any waste o�
<br /> � � Ceterior�UOn of the Praperty;ahall not remova,demotiah or substantialty aiter any o1 the improvements on the P�operty:ahatl not
<br /> commit,nufler or permltany actto be done.�n or upon the Properry In vlotation olany taw.ordinance,or regutation;and shatl pay and •
<br /> � ' prompBy dlscharge at Trwtm's co�t aed eMpense ell liens,encumb�ances and oharges tevied�tmpased or assessed against the
<br /> . � .. Praperty or any paA thereoL �
<br /> — - � : T,�Qo�t..l.enQeris herehy assigneQ ali Cempensaflen,awards,damages ane ntheF payments or rettet{hereinaker _ __ ��_____
<br /> ' "Proceeds'7 in connection with condemnation or othertaking of the Properry or partthereo},or tor conveyartce in Iieu of coriiiemna- •-
<br /> • • ' tlon.Lender ahalt be entitled at it�optian to commence,apAear in and prasesute In its own name.any actlon or prnceedings,and
<br /> : • ahail atao be entiLed to make any compromise cr settlement in connection with sueh Wking or damage.In the event any partfon of
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<br /> ' " OtlIlM�triW TrwraneSm�ro�A�tx�xan�ncMn.N�errrs � - . � .
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