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<br /> .= ' ACKNOWLEOQEMENT OP DEED OF TRUST 9L ����a3
<br /> - '=�--•-, ---� _-- - . ��i�a;��ir���r+is ee�oR�s�aiHa:
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<br /> .,� � �,� Tronor undrntand�th�t th�doaument that Truitor I�abouf to�x�cuts b�D�ed oi Trust and nM�morf��gs and fh�t ths pow�r
<br /> of wN provid�d tor in th�DMd o1 Tru�t provldu�ub�ntl�lly diB�nnt riphb and obllp�dons to Tro�Wr than e mortp�p�In th�went
<br /> � -���Y� of�ddault or br�aah o}ob1lp�Uon under the O�ed mf Trust,Includlnp,but not Ilmited to,ths l.�ndar'�right to hav�tha Prop�riy wld
<br /> •.,a " by ths T�u�iN wlthaut�ny�udiol�l procs�dinp.Truttor r�pna�nq�nd wamnu that,,M)Is t�knowlMpem� w�s�x�cut�d b�l
<br /> T�ntor bNan I►a ox�ouMon of th�OMd of T►ua. (���
<br />- ��P �1•;�--n �„i .
<br /> � �•.�,���'►' rpy R. r Truttor Hu band
<br /> t��` 4r.a�.-w - � ,
<br /> . E<<��,�::
<br /> .�" ,,,., ,... ."`` � (Frances M. E1 rod) rru.wr Wife
<br /> �.�=��.�
<br /> °=��;.�.::..�;r,: DEED�OF TRV8T WITH FUTURE ADYANCEB
<br /> _ •. �•
<br /> aia`.
<br /> ,��+�;;+�'`�4� THIS DBED OF TRU8T,I��rwdo a�ol the�Z—day of ��Lly .10�,by Mnd+�monp
<br /> - :.
<br /> '''"'�1 q��T����� Larry R E1 rod a Frances M El rod hus�ppd a wi fe
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<br /> � �'���' ��� � � "�b� P 0. 8ox 1665. Grand Island. NE 68802
<br /> whoN mallinp�ddr�Is • (hndn"Tru�tor,"wh�thar on�or mon),
<br /> 1�,.a.?�;.'.ti:.°:
<br /> — e����'- awrru•ws, Five Points Bank. A Nebraska �orporatlon ,
<br /> `� 'r.ti„+'• •aatw whowmalllnpaddnstis P � �x 1507� Grand Island, NE 68802 �h�nln"TrwtM'7,�nd
<br /> � �'•'�ti�.�'' ` thY B�MHCI�ry. �i�a Dni ntc tlAnir
<br /> -`�..���!riF 3C;?,•`"..''' .
<br /> ° • '� ` whoM rruUlinp addrwt is 3�Q��stX_1�QZ. Grand Island. NE 68802 �hsran°�..nd.r�.
<br /> .��. �,'Pi-rf...." .M:t4.
<br /> '`— '�"+'"�°�'"`" '`"�'" FOR VALUABLE CON$IDERATION,inoludinp I.ender's axtenaon ot credit IdenUflad honin to.1�L"CY R. E1 rod � Frances
<br /> _ "."'�''ka.' �'
<br /> , „� .
<br /> ,�it;:v�v.�:�_.,,� M. El Pod, huSbend end Wi fe Ihereln"eorrowar",whether one or more)and the tru=t her�ln oreatod,
<br /> '��`""��� ' " T the recolpt of whlch la hereby ecknawledped,Truator hereby frrevocably grenta,tranafers,conveys end etsipns to Trustee,IN
<br /> — THU3T,WITH PdWER OF 3ALE,la the benetit and aeaudy of Lender,under and�ub�eot to tho torms pnd oonditlona Iwralnattar wt
<br /> Y " . .�"�' forth.the real pro.�erty,described as lollowc
<br /> ' Lot iS. Block 5, College Addition to West Lawn. In the City of Grand Island, Hall
<br />.._.�- j��,y• �) ' ' .
<br /> 'a �. ' County. Nebraska.
<br /> --;;�, . ,�•.. , �..
<br /> ••-:�,.� �� �., �-��� Together wlth all bulldinys,improvements,lixturea,atreets,alleys,pessepeways,easementa,rl9hta,privllepea and appurte-
<br /> '.� „ . ' nences located thereon or In anywise pertelninp thereto,and the rents,Issuea and prolita,reverslons and remainders thereof,and
<br /> . .lC+ .,.
<br /> � ,�; �uch personal property that is atteched to the Improvementa ao as to conatitute a fixture,Includinp,but not Ilmited to,heatinp and
<br /> _,.:.� :'. cooll��equlpmenr and topether with the homeetead or rnerltal Interests,if any,which interests are hereby relee�ed and waived;ell
<br /> ��• ,� of whloh,includtn;,replecementa and eddltlona thereto,Is hereby declared to be a pert ol tho real osteta seaured by the Iien ol thio
<br /> � °:,„.;;.:g �^'". Deed of Truat ond all of the lorepoinp beinp reterred to hereln ae the"Property".
<br /> '�. :;.._ . ..
<br /> ' Thla Deed of Trust ehall secure(a)the payment ol the princlpet sum and Intereat evidenced by e promis�ory note or credit
<br /> �_.�. � ..�...a �
<br /> _ , � �'�" apreement dated •1�1,�jZ� 199� ,hevinp a maturUy dete of �U��L�7. 1996 ,
<br /> — ..'�::� �;S"
<br /> � , , In the orl�inel principal emount ol S_�.,,!d.S Q� ,end any and all modiflcatlone,extensbns and renewals
<br /> �_� ~ ."-'`�''=`"""��"` thereol or thereto and any end alt tuture advances and readvances to 8orrower(or any ot them If more Ihen one)hereunder
<br /> _= n�
<br />-�r� purouant to one or more promissory notea or credit egreements(hereln called"Note'y;(b)the paymenl of other eums edvanced by
<br />_:�-� ; . .; Lender to protect the security of the Note;(c)the pe�formance of all covenants and ayreemente at Truatar aet tarth heretn;and(d)all
<br /> b:,,.,,�, . ,F� preaent end tulure Indebtednesa end oblipatfona ot Borrower(or any o1 them If more than one)to Lendar whather dlreCt,indirect,
<br /> a:�,-., _ ,,,,, y� absolute or oontingent end whether arisinp by note,puaranty,overdrak or otherwlae.The Note,this Oeed of Trust end any and all _
<br />-�;• •,.•.. . other docuenffi that secure the Note or otherwiae executed In connectfon therewith,Includlny without Ilmitatbn yuaranteea,security
<br />. ;�,, �y; „•.,E; . L_. oqreements and eealynmenta oi leases and rents,ahall be referred tA hereln es the"Loan Inotrumonb".
<br />=' , - Truator covenanta and agreea wlth Lender es lollows: _
<br /> �,�';
<br /> :,,��. .. 1. Paym�nt ol lnd�bt�dn�ss.All Indebtedness secured hereby shall be peld wAen due. _.
<br /> - �' �� 2. Tlll�.Trustor f8 the owner ot the Property, has ihe right and authority lo convey the Property,and warrenta that the Ilen _
<br /> ; � •:�,� created hereby ia e tirot end prior Iien on the Property,except for Ilens and encumbrences set forth by Truator in wrfting and c
<br /> �- dellvered to Lender belore executlon ol this Deed of Trust,and the executlon and dellvery of thls Deed of Truat doea�ot vlolate any
<br /> , , contract or olhe�obllgeNon to which Trustor la sub�ect.
<br /> • ' " 3. Tax��,As�h�m�nq.To pay betore dellnquency all taxes,apecfal asseasments and all other charyes a9ainat the Property =
<br /> . ,. �� now or heroa8er levled.
<br /> � 4. In�ur�nc�.To keep the Property Ineured apalnst demape by Ilre,hazarda included wlthln tho term"extended coverepe",and -�
<br /> _u, • � � such other hetards es Lender may require,In amounts and with companles acceptable to Lender,naming Lender es an additlonal -
<br /> , . • named Inaured, wNh loas peyable to the Lender.In case of loas under such policies.the Lender Is aulhorized to ed�uat,collect end -
<br /> '' com�romise,all ctaims Ihereunder and shell have the optlon ol applying all or part ol the Inaurance proceeds U)toany Indebtedness _
<br /> � •' � � � eecured hereby and In auch order as Lender may determine,(II)to the Trustor to be used for the repalr or�eataatlon ol the Properly
<br /> �_:._________'_�_ ] or pll)(or any ather purpose or ob�ect sedslectory to Lender without aHecting the Ilen of thfs Deed of Truat for the IWI amount secured _
<br /> — _----„ -• „ - hereby be(�re such payment ever took place.Any appucauon ot proceeos to moebreoness anan not extena or pos�pone me due
<br /> �,�• date ot any peyments under the Note,or cure any defaull thereunder or hereunder. _
<br /> 5. Uarow. Upon written demand by Lender,Truslor shell pay to Lender,In such manne�as Lender may designete,suMiclent -
<br /> .. suma to enable Lender to pay es they become due one or more of the following:(I)all taxea,Aeeesements and other charpes agefnst
<br /> the Property,(li)the premluma on the property Inaurance requlred hereunder,end(ul)the premiuma on any moHpape Insurence
<br /> ' "�' roqulred by Lender. i
<br /> • � ,, fi- MslnUnanc�, Repaln and Compllanc�wlth Laws.Trustor ahall keeo the Property In aood conditlon and repafr:shall
<br /> � ' promptly repalr, or replace any Improvement which rney be damaged or deatroyed; ahall not commit or permlt any waste or
<br /> ' ' ., „ R� deterloretlon of the Properly;shell not remove,demolleh or aubstentially alter eny of the Improvements on the Property;ahell not ,
<br /> .. „� commlt,euHer o r permit eny ect to be done In or upon the Property In vloletlon of any law,ordlnance,or repuletlon:and shall pay and
<br /> ; •� • prompfly dlacharge at Trualor's cost and expense all Ilens,encumbrancee end charpes levled,Impoaed or assessed apalnat the
<br /> Properly or any pert thereot.
<br /> � 'Y 7. 6min�nt Domain.Lender le hereby esaipned all com��enaetion,awerds,damapes and othor paymente or relfef(herelnafler :
<br /> �, :� "Prxeeds")in connectlon wifh condemnatlon or uther taking o}the Properry or part ihereof,or lor conveyance I n Ileu of condemna- �
<br /> � • . tlon.Lender shall be entltled et Its optlon to commence,ep;�ear In and proaecute In Its own name any actlon or proceedinge,and
<br /> . shall also be entltled to make any compromise or settlemenl in connecllon wilh�uch teklnp or demaqe.In the event any portlon of
<br /> �' NBC3�6�INomprauit�n�i0nalpw tOiBe .
<br /> � . Q 1ME MN�and 9�nk o�Cammpce T�uf��nd S�r�np�Aasoon�on.l�nco�n.N�W sdu
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