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<br /> � � p��p O�TRUS7 WITH FUTUR�ADVANICES �,.,, �-,
<br /> �' °� "a M
<br /> "k lOth December ,i9 96 ,by and am�ng �_
<br /> THIS DEED OF Tf1UST,ta made a8 of the day o1
<br /> �,�
<br /> .. � - tne'rrustor, Robert E Coffey and Peggy J. Caffey husband and wife � `
<br /> 1.:,
<br /> '�;� ` - ��Q�,q(,�Cannon qQad. f rancL_I. (herein"rruotor",whether one or more),
<br /> �"�;'� , .. wtiosomallingaddrsssf., �
<br />_ �"�"`A.�'. the Trustae Fi ve Poi nts Bank a Nebraska_C���rati on _
<br /> `' •°�':;!'��• , whcse mailing addresa is P 0 Box 1507 Grand Isl and NE 688C�� (hereln'T�ustee'),and
<br /> ,:�.
<br />;r.p;:;,•,, ihe 13enefiClary, Fi up Pni ni-c Ran{t
<br /> :..,.•._. , _-
<br />="- .�"�:`� whosemailingaddressls P.O. Box 1507, Grand Island NE 68802 _—(hereln•Lende�').
<br /> .e_�::q}(v
<br /> -J�'•`�'�"• FOR VA�UABLE CON5IDERATIflN,tnaluding Lenders extension of credit identitled hereln�o Robert E B�PEaa� �- cof fey
<br /> :.;�T'�«avr� b
<br />-=-;�.;:� _therein"Bottower,"whether one or mara)and the trust hereln created,the receipt
<br /> ,__���.. �'��� of wh�h Is hereby acknowledc�e�,7rustor hereby Itrevocably grants, transiers, ai��veyo a��d a�tyr'to Ttt:..'lCe. !N T�iL�ST,WI7H
<br /> -�����-�v�' POYIIER OF SALE,tar the benefit and secur(iy of Lender,under and subJect to the terma and conditlons heretnafter set tArth,the real
<br /> �`-,�"�.�t+n propoTty descdbed as toliow3:
<br /> ,¢r.9• i
<br /> -,•��zx��f7:..
<br /> �.v��'�_T�� lot One (1), Kiese1harst Subdi vi si on, i n the Ci ty of Grand I sland. Ha11 County. Nebraska
<br /> _-=�e.�,�
<br />--__��,�,� �To�ti�e�r wnloren ani1ywise peAaining thereto,�and therrents�ss es�pro ts,reversions and�emainde��s�eAnd e h p�a
<br /> -�•m.�� sanal proparty that ta attscAed to the Improvements so as to constitute a flxture,Including,but not Ilmited to,heating end coW�ng equ�p-
<br /> -°' � ment;and together w(th the homestead or marital interests,if any,which intorests are heroby released and waived;all of which,tnclud-
<br /> — Ing replacements and addidons theroto,is hereby deciared to be a part of the real ostelo secured by th�U9n of this Deed of Tnast and
<br /> all oi the toregotn�boing referred to herein as the"F'roFerly'.
<br /> This Deed ot Trust shall secure(a)the payment of the principal oum and interest evidenced by a promissory note or credit agree-
<br /> ment dated
<br /> becember 10. 1996 ,having a matutity date ot lanu .C,y1Q,.2�.?�•
<br /> � in the odgtnal pdncipal amcunt ot$ 110,000.00 , and any end all modffications, extensions and ranewals
<br /> thereof or thereto and any and all tuture edvances and readvances to Barrower(ar any of them If more than a�e)hereuntbr pursuai►t
<br /> �`�'-,�.�..-� to one or more promissory not�s or credit agroem�snts(herein calied"Note'�;(b)the payment of other sums advanoed by Lendar to
<br /> - prot�ct the security oi the Note;(a)the peAorrnance of all covenants and egreements ot Truetnr set forth herein;and(d)ell presen4 and
<br /> tuture indebtedness and obligations of Borrower(or eny of them If more then one)to Lender whethor dircict,lndirect,absolute or conUn-
<br /> ---- gont and whether artsing by note,guarc�nty,overdraft or othamise.The Note,this Deed of TNSt a�d eny end all othar documenta thet
<br /> secure the Note ar otherwise executed in connection therewith, Including wtthout Ilmitation guaranteea, security agreementa end
<br /> __ asslgnments of leases and rents,shall be rAterred to hereln as the"Loan Instruments".
<br /> -= Truato�covsnennts and agrees with Lender as toilows:
<br /> ---� 1. P�yment of lndabtedn�ss.All tndebtedness socured hereby shall be paid when�ue.
<br /> __�� 2. YitN.Truator is the oyvner of the Property,has the right and authority to convey the Property,and warmnts that the Ilen cret�t-
<br /> �-=ry���� ed hereby is a tirst pnd prior Ilan on the PropeAy,except for Ilens and encumbrancos s�t torth by Trustor in writfng and delivered to
<br /> '���:,�,.,��'� Lender before execution of this Qeed of Tnut,and the exocution and deiiveiy ot this D.��d of Trust does not viotete any contrect or
<br /> -:����a� other oblipatlon 4o wh�h Trustor ie subJect.
<br /> -�-��``�'' 3.Tax�a,AsHSSments.To pay betore delinquency sll taxes,specinl assessment3 snd all other charpe3 apalnst tha Pr�,perty
<br /> .- � E:����av���
<br /> s.;;�,., now or hereafter levled.
<br /> ---•:�y 4.Insur�nc�.To keep the Property insured agalnst damage by tire,hazards included withln the term"oxtortdod ooverage",and
<br /> _..n�:_ .:
<br /> :_ �,�, euch hazards as Lender may e�equire,in amounts and wtth companies accoptablo to Lender, naming Lendsr as an additional
<br /> ::;:;�..���, , Insured,with Ioss payable to the Lender.In case ot toss under such poilcles,the Len�ier Is authodzed to adJust,collect and compra
<br /> , •••�,:�:.Y mise,ali claims thereunder8nd shall have the option of applying all or part of the Insuranoe praceeds(i)to any indebtedness sESCUred
<br /> �_> L�� • �• '� hereby and in such order as Londer may detortnUe,p!)to the Trustor to be used tor Ihe repair or restoratlon of the Property or(iiq 4or
<br /> anv other nurnose or oblect aatisfactory to Lender without aftecttng the Ilan ot thls Oeod of Trust 1or ti�e full amount secured hereby
<br /> �- - N.s.Lu.iinfn n}nnv
<br /> �`�'"'� �� ���` betore such payment ever took place.Any appiications ot procefltls to indebiedrress snaii i�ui en.a�N��iNa:v����w-----_•-•,
<br /> - ;���� paymonts undor the Note.or cure any defaui!thereunder or hareundor.
<br /> ' + .. I 5.Escrow.Upon written demand by Lender,Trustee shsll pay to Lender,fn such manner as Lender may dosignato,suNicient
<br /> ' sums to enable Lender to pay ea they become duo one or more of the tollowing:(i)all 4axos,assessmonts and other charges egainst
<br /> � tho Property.(if)tha premtums on the property Insurance roquired hereunder,(fii)tho p�emlums on any mortgage insu►ance requfred by
<br /> � • Lender.
<br /> 8.Malntentnc�, R�pairs end Campllance with Lews.Trustor shall keep the Property In good conditton and repafr;shall
<br /> prompUy ropair,or replace eny Improvement whfch may ba damuged or dostroyed;shalt not commit or permit ctny wasto or deteriora-
<br /> � tion of the Property;shatl not remove,dem�lish or substentialiy alter eny of the irop�ovements on the Property;sha6 not commtt,suNor
<br /> ' • or pnrmft any act to 6e done tn or upon the Properiy in viotatbn of eny law,ordinance, or regulation; and shuil pay end promQtiy dis-
<br /> charge at Trustor's cost and expsnse ail Uens,encumbrences and chargas levind,Imposed or accessed a9alnst the Property or any
<br /> r��. �� p8A there0l.
<br /> � 7.ErnitN�t Domatn.Lender Is hereby assigned ali compensaUon,awards, damages and other payments or relie}(heroinafter
<br /> r�c H�r��ar�a�.r o..m nw.ev�
<br /> - Q t0l1 rMnmr Bw al Carvnrc�T�ut v�a Gxn�uw�.rmn urcmt Heoyua , .,r'
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