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<br /> �� � � DEED OF TRUST WITH FUTURE AD�/ANCE� "' '
<br /> ,.::
<br /> 20th September ,t9 96 by and amonQ .,}��� ,�•_=
<br /> THIS DE�D OF TRUST,is made as of the day of � : •
<br /> �•_�
<br /> the Trustor, D�' .88t Eatar riaes Inc. � '`�'r�
<br /> � ! i c`rgnd Islan� NE 68803 _ (herein"Trustor,"whether one or more), 0 .r.;r•;�,�-�:-�
<br /> � whase m:.11ing address Is 51 A Sou1;h C��. , M�I�- `-
<br /> � � N _:Hi:�": `
<br /> . � the Truatee, Five Points Bank A Nebraska Cor oration . �,,,�,, ,:
<br /> � whose malling address io 3 0• Box 150], Grand Island� NE 68802 (nereln"Truatee'�,and �;,;;,�„.
<br /> �r..
<br /> �..; :.�.—
<br /> :. � F�vr� Pei nte Bank A N ' _�``.t:..
<br /> the Beneticlary, --.— �"�t.-=�
<br /> . � �'_.
<br /> whose mallfng address is p 0 Box 1507 Grand Island, NE 68802 (hereln"Lendor"). �'���{.•;�,����
<br /> •��� on,i„M1
<br /> ��,.`_�-
<br /> � FOR VALUABLE CONSIDERATION,Includfng Lo�der's extenafon of credit idantified herein to�y118�yC •n � R t�e� �_�:-
<br /> � , �'� Inc. (hereln"Borrower",whether one or more)and the trus4 hereln created,
<br /> �.��,
<br /> �� �+ tha recelpt of which is hereby acknowledged, Trustor hereby Irrevocably grants, transfere,conveys end aaslyne to TruStes,IN __
<br /> TRUST,WITH POWER OF SALE,tor the benetit and securiry oi Lender,under and subJect to the terms and conditlona herelnaiter Ret
<br /> 7� forth,the real property,aescribeo as ioiiown.
<br /> �� Lot Tcro (2), SteWart Placa Third Subdiviai.on, ia the City of Grand
<br /> Ieland, Hall County, Nebraska
<br /> • Topether with ell b�lldings,Improvements,fixtures,atreets,alleys,passageways,easementa,riphts,prlvilepee and eppuRe-
<br /> ;� , nances located there�n or In enywise pertalning thereto,and the rents,issues And profits,revesslons and remalndero thereof,and
<br /> ' such personal property that Is atteched to the lmprovemente so es to co�stltute a fixture, includinp,but not Ilmitod to,heetlnp e+nd
<br />- r ' � Cooling equlpment and topether with tho homestead or marital Intereste,if any,which Intere�te ere hereby releaaed end waivad;nll
<br /> '� '' �;;; of which,including replacemente and additfons thereto,is hereby declared to be a part of the real estate secured by the Ilea of thfa �a.
<br />- Ds�d of Trust and all of the foregoing being referred to herefn as the"Property". �_ `
<br /> ;. ,, • ,-� This Deed of Trust shall secure (e)the payment of the princlpal sum an¢l interest evldenced by e promiasory note or credit _
<br /> '.:'`Y. . . .��
<br />��•`�`" "�"�"�� agreement dated SeoGember 20 1996 ,having a maturity date ot Septemb�* 20. 2011 , �
<br />_;,.... _ �'s'.,.. '
<br /> ��- t�, •,�,-�, • In the ortylnsi principal emount oi S 250,000.00 _—,and any and al l moditicetlona,extenalone and renewala
<br /> ~�,' - - thereof or thereto and eny and ali future advances end readvances to Borrower (or any of them Ii more than one) hereunder _
<br /> ,c;,,•i. :
<br /> � pursuent to one or more promissory notes or credit agreemente(hereln called"Note'�;(b)the peyment ot other eume advanced by
<br /> ` Leitder to proteat the security of the Note;(c)the pertormance of ail covenants and agreements otTrustor eet torth heraln;and(d)all
<br /> i� ^ ' �, '� present and future Indebtedneas end obligationa ot Borrower(or er�y ot tham II more than one)to Lender whether direc�Indirea� ___
<br /> �' absolute or contingent and whether arlsing by note,guaranty,overd�aft or othervylse.The Note,thfa Deed oi Truat and any and aii
<br /> ''-' othor docuenta that socure tho Note or otherwfse executed In connectfon therewith,includinp wtthout Iimitation fluarenteea,securfty
<br /> '�-_�=4� ,� egree usto gco en n�end agrees with Le der ats�to lows:e referred to hereln as the"Loan Documents".
<br />�.�.,�.��•::.'
<br /> ��.,� 1. Paym�nt o}Ind�bt�dnns.All Indebtedness secured hereby shall be pald when due.
<br /> 2. THU.7rustor Is the owner o1 the Properly,has the right and autfiority to convey the Property,and war►ante thet the Ilen _
<br /> _ = �'~ ��� created hereby is a firet and p�tor lien on the Praperty,except tor Ilens and encumbrancea set forth by Trustor In writinp and
<br /> � `{'�" i• dellvered to Lender before executlon of thls Deed of Truat,end the executlon end delivery ulth ie Deed of Trust dooa not vfolate any =_ _-.
<br />-_ �� contract or other obltpatlon to which Trustor ia aubJect _ -- _
<br /> '� � 3. T�x�s,AssMam�nt�.To pay bobre detinquency all taxes,speclal esseasments and all other chargea agalnst the Properry _
<br /> now or horestter levied. =."===--_
<br /> � 4. Intunnc�.To keep the Proparty Insured agalnst damafle by fire,hetarda Included wllhin the t�rm"extended Coventpe",an� ___—.
<br /> �:�,�.��_.
<br /> � � suoh other hazerds as Lender mt�y requlre,In amounts and with eompenies eeceptebte to Lender,naminp Lender ee nn additlonal ��t.:^_�-A
<br /> _ � named inaured,with lose payable to 4he Lender.In case o}loss under auch policlos,Me Lender fe authorized to ed ust,coilect and _ � •---
<br /> 1 ���_�
<br /> comprocnlae,all clalms thereunder and ehall havo the optlon of applying all or�art ot the insurance proceede(i)to any Indabtsdness —=--„_�..�_
<br /> A� secured hereby snd in such order as Londer may dAtermine.(Iq to the Trustor 4o be used forthe repair or resto►atlon of the Property ��;=��,.=
<br /> z-'
<br /> or(Iii)tor any other purpose or obJect satisfactory to Lender without aftectinc�thm uen of thf s Deed of Trust for the fuil amaunt securod :.;��fi;�'rA_
<br /> `� hereby before auah payment ever took place.Any applicatlon ot proceeds to indebtednes5 shell not extend or postpone the due �.,_�;t�"��_._,
<br /> dats of any paymonts under the Ne�e.or cure any delault thersunder o�hereundar. a 3 -x
<br /> - a e......�., i i.,,,.,�.,�ixon damand hv Lender.Trustor shall pay to Londer,In such mannor an l�tnder may desipnete,aufticlent ,i,,�,^
<br /> _-' = - _ ... _____°._ -
<br /> ��.. ......_' __ _ ..
<br /> ' aume to eneble Lender to pay as they become due one or mora ot the following:(1)eli taxea,aaseasmona and omor cnargea agamst - - •
<br /> ,� , the Property,(11)d�e premfuma on the property Inaurence requlred hereunder,and(Ilp Me premlums on any mort9ape inaurence . , �
<br /> . required by Lender. ..
<br /> - • 6. Mitnt�n�ncs,R�paln and Compll�nc�wlth Law�. Trustor shall kaep the Properry In�ood condition and repatr, ahall
<br /> promptty repalr, or replace any Improvement which may bo demagod or dvstroyed; sheli not commit or permit any waste or
<br /> — deterloroUon of the Prope�ly;ahal�not remove,demoifah or substantlally alter any of the Improvemonte on the�roperty;ahali not ,
<br /> commit,eutter or permitany act to be done�In or upon the Property In vto�ation of eny law,ordlnence,or reputatlon;end shall payand � .
<br /> promptiy diocharge at Trustor's cost end expense eil Ilens,encumbrancos and charges levted,Imposed or aasessed aysinat the
<br /> Property or eny part thereof.
<br />_; ; ` ,� .
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