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<br />'�" � - � DE�D OF TRl1ST WITH FUTUFiE ADVANCES �
<br /> .., __
<br />_ ° � _
<br /> � THIS DEED OF TRUST,Is mado as of tho SBtD day oi Sep' . 19 96 ,by and artwn��
<br /> ��4
<br /> • 11rnold C Me n f� Linde C Henn huaDand and vite �p
<br /> 4; fr�r.G��. Wr,. _ \ -
<br /> theT�ustor, nAVin r �r aou � R�_m„r�, n-__,. • G
<br /> :a; •, 2A1'fb�6ver ena ira�� �u .,,o. en e
<br /> • whosemailingaddressfs 5374 S BLAINE ST, GRAND ISLAND� NE 688��e1n'Trustod',whetheroneormore),
<br />�, the T�ustee Five Pointr� Bank� e Hebraeke Corporation
<br />'�' µ '� �' P.O. Bor. 150'� Grand Island� H6 68802
<br /> ' whose maliing address is (herein?rustee"),and
<br /> -" �'�� �'�" Five Points Benk
<br /> • � the Beneflciary, �
<br /> „"":.;-i. 2015 H. Broadrell Grand Iexand� HE. 68802-1507 ����n'Lende�.
<br />- whose mailing eddress is Arnold C Menn
<br />�r. ,
<br />-.�.:. .
<br />�� ,�;� FOR VALUABLE CONSIDERATION,includ(ng Lender's extenslon of credit identitied hetein to
<br />��r'• ��- -- - � Linda C il�nn _
<br />;�r,r•�� _�� (herein"BoROwer,"whe4her one or moro)and the trust herein created,the rocelpt
<br />-�:��
<br /> .. o�������„ ;�„�,•.y Q�-�.��� Tsust�s►�,ra�;�.�vncabty aranta. trensters, conveys and asslgRS to Trustee, IN T1�UST,WI
<br />__=;%�,r,�`# �' Pm19VER OF SA�.E,for the bere�f+t and secudty of I.ender,under end subJoct ro the termt�and conditbns hereinafter set toAh,the rea!
<br /> ." � propeRy descdb�d as fofiows:
<br />��'���'``�'���. S6E EXHI83T •A•
<br /> k, ��•� �n
<br /> �.:i
<br /> ����
<br />�-��.���
<br /> "FT�Ir C:Aj9'�
<br />�A'`� Together with all buildings,improvemonto,fixtures,streots,alleys,paosageways,easamonta,dghts,p.�ivileges a�nd appurtenances
<br />�-==�=�"�'si■ �ocated thereoti mr In anywtse peAaining 7horeto,end tho rents,issues and profits,reversiona and remaindere thereof,and such per-
<br />���_3�� sonal properqr t�At Is attached to thQ improvomonte so as to constitute a Nxture,including,but not Ilmited to,heating snd cooling equip�
<br /> �:�,;,;�,.�,.�� menh and togoit�r with the homestead or mudtal Intorests,tf eny,which(nterests are hereby roleased and walved;all of which,incRMd-
<br /> - ---_- Ing replacemenb and additions thoreto,Is hereby declared to be a pert of the real estate aecurod by tho Ilen of this Deed ot Tnist and
<br />---�— all of tlro foregoing being reten�rd to herein as thg'Prope►ty"•
<br /> This[yeed of Trust ahall sec�re(ct)t�payr�ent of the princlpal sum and interest ovkienaflrl by a promissory note or credit egree-
<br /> �, ment dated Septe�bEr 18th 1996 ,having a maturityr date of �jOptew�ber 18th 2001
<br /> ��� in the odglnal principal amount of$
<br /> 28.021.00 ,a�any and all modi�c,-�alons. extenslons and�enewals
<br /> thereof or thereto and any and all tuturo advancea and roadvances to Borrower(or any of thnm if more than one)hereunder pursuant
<br /> 3>� to one or more promissory notos or crodit agreemonts(horeln calied"Note");(b)tho paymnnt�f other cums adva�nced by Lender to
<br />� protect the secudty of the Note;(c)tho partormance oi all covonant�and agreemanta of Yr�otor r;et torth herein;end(d}all present and
<br /> �' future indebtedr�ess and obligaUons oi BorroNer(or any of thom if more than one)to Londer whether direct,indirect,absolute or contln-
<br /> A___-� gent and whethar arising by note.guarenty,overdraft or othorwise.Tho P�oie,this Deed ot Truc►i nnd any end all other documents that
<br />� — secure the Note or otherwise executad in cannection tharewith, Inctuding witfiout Ilmits�tion guarantees. securlry agreements and
<br /> etsslgnments of leases and rents,shall be reterrod to heretn as tha"Loan Instrumonts'.
<br /> - � Trustor covenants and agrees wfth Lende�as totlows:
<br />—�-�,�� 1. Payment of indebtedness.All Indebtedness secured hereby shall be paid when due.
<br />---_,��;;�,;i 2. Titie.Trustor is the owner oi tho Proaerty,hae tho dght and authority to convey thn PropeAy. end wamanta that the Ilen croat-
<br /> ��,,,,,-�� ed hereby (s a first and prior Ifen on th4 Property,oxcept tor Itens and encumbrances set fortli by T�iisbr In wdting and delivered to
<br />�.,;,-��.,-_-� Lender before execution of thls Deed of Trust,and tho axecutton and dellvery of this Doad of Trust dnes not violate any contract or
<br /> �- olhor obligatlon to which Trustor la subject.
<br />�*'��,•�� � 3.Teuces.Ass�ssments.To pay betore delinquency all taxes,special assessmonto and all other charges agalnst the Propertyl
<br />.�iA;u;;ra�� �t: now or hereafter levied.
<br />-.:.�' .. x'"r°'} 4.Inaura�co.To koop tho ProFerty insured agalnst dama�e by flre,hazerdu tnctudnd�vfthin 1ho temn's:�nded coverape',and
<br />_-.:. .i �' �`.Q�,:
<br /> M�.��`�`7`,F;�.'v;` such hazarda as Lender may requfre, In amounto and with companles accoptabie to Lender,naming Lender as an addiUonal nemed
<br />��•'• > w�� � Insured,with loss payablQ to the Lender. In case of Ioss unde�such policies,tho Lender fs authorized to adjust,coitect and compra
<br /> -= �=;'^-:���1;:�� misa,all claims thereunder�nd shall havo tho opUon ot app�ying ali or part of the insuranc�proceeds(I)to any indebtedness securod
<br /> '°'':�`��= -�'i+;A� hereby and in BuCh ordet as Lender may detemtlno,(II)to the Trustor to he used for the repair or restoration ot the Property or(ifij tor
<br />��:�,�,��:�'��' any other purpose or object oatisiactory to Lender without aftocting the Ilen of this Oeed ot Trust fo�ihe full amount securod hereby '
<br /> '�`��� �_�..�,...., e...,e....,�„sw,�a„�n�M.�aei.a tn lndabtedness ehait not extoad ar Oostuone t�6 due date ot$ny -
<br /> " i' D6TOf@ GUWlpfiy�iR7tn otoi�wnpnuw.....y«�.r...�.__.�_.�.-----. .
<br /> u"�,Y�{�ti,4� p.ayments under the Mote,or cur�e any deTnult thereunder or hereunder.
<br /> ;'.k �,„ •�� 5.Escrow.Upon wdtien demand by Lender,TN3t80 shall pay to Lender,in eucP►manner as Lender may dosignato,sufficlent
<br /> - sums to enabte Lender to pay as thoy becomo due one or more of tho tollowing:(I)all taxao,assessmonts and other charges agsinst
<br /> � ,��� the Properly,(ii)the premlums on tho property insuranae roquired hereunder,(fif)the promlums on any mortgage Insuranco requlred by
<br /> ` . Lender.
<br /> • ' 8.Melntenance, Repalrs and Co�npttance witA L�ws.Trustor shall koep the Property In good conditinn end repalr; ehalt
<br /> , ;I prompUy repafr,or replace any improvement whlch may be damaged or destroyed;shsll not commit or permit eny wasta or detedora-
<br /> ��� - � tlon oI the Property;shali not remove,demolish or substanUalty aiter any of the improv�mants on the Propc3rty;shali not commft,sufter
<br /> _` �f � or permlt any act to be done fn or upon tho Praperty fn vfolatton oi any law,ordinanco,or regulatlon;ond shall pay and prompUy dis-
<br />- • . charge at 7rustors cost and expense all Ilens,oncumbrances and charges leviod,Imposed or eccessod agalnst the Property or any
<br /> - `" •�:, partthereof.
<br /> `}�' 7.Emtnent Dom�in.Lender Is hereby assipned ali compeneation, awards,damages and other payments or rellef(hareinafter
<br /> . r�oc us�cxm.�.+�.y owf wy.e�s • .
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