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<br /> . DEED�F�tUSf�kl FIlTt1RE ADV/�NGES � �,"�k '�
<br /> - ( � December 19 97 .by and amon , . :°�"
<br /> - .. THiS DEED OF TRUST.is made as of the 318t dey ot � -
<br /> 4
<br /> 4 �
<br /> • • ,� theTnuto�, 3� �. Olsoa aad Sandre t!. Olsoa, Husband and tdife C ; . __-
<br /> � , wimse maiGnS address is 4 2 9 E S t o l l e p P a r k 3 d, G r a n d I slaad. NE 6880 1 therein?ruswf.whether one ot mora). \ , !_-
<br />� the Trustea Fi e Points B A ebz s r tio M `' ::�
<br /> � ' , _
<br /> F. . G L
<br /> �:.. -. . P.O. Box 1507, Grand Islaad, NB b8802 (heretn'Tnistee�.and ` '
<br /> , � whpse maifmg address Ls
<br />-• .: ,.
<br /> �_:," :•....; _•_ �r.��� , �egeneftdary. Five Points Banic A Nebraska Co oration _'-r�--
<br /> � . .. .. -�' P.O. Box 1507, Grand Island, NE 68802 (heretn'Lende�. `�� -
<br /> � ?"�� whose mail�ng address is . — r
<br /> '.•`y �° �. Jon W. Olsoa sad , .��:_
<br /> � � �' F O R V A L U A B L E C O I V S I D E R A T I O N,inGudin g Lendefs extension of aedit ide�ified herein to �:� ,.�. �,,-�_
<br /> . �: �: � �` Sandra M. Olson Husband and Wife �
<br /> (her+ein'Borrower;wt�ethe►one or marej and the trust herein created.the r�eceipt ,,x,_;_
<br /> , o f w h i c h i s h e r e b y a c k n o w l e d g e d.T r u s O or he�e f Lendeor,�under and s u bj e C t t u t he t e s a rt d on d i t i o n s h e re 1�na�r e t t o r t h.lt►e real ---
<br /> �. . POWER OF SAl.E,for the benefit and securilY c __-
<br /> .�.�� . propedy described as foit�ws: --��-=
<br /> '`�_-- : .....; ' ::.>: .� �
<br /> � � Lot Oae (1), in Block ZY+ro (2), ia Roush Suhdiviaion in the City of ,T•r;4.�__
<br /> �':`t . � Grand ieland, Hall County, Nebraska ', ___
<br /> . '. ys� easements�d9hts�Priv�tages and appurtenances .`^-
<br /> ?�. � . Toge4her wifb a0 6uildinga.improvemenis.fbctures.s7eets.atle passa9ewaYg�
<br />`i : � ;.,.t , Iccated thereon or in anywise peAaining thereto,and the renta.issuss and profds,reversions and remaindets thereot and such par- ,�;-
<br /> '" � • sonal pronerty that is attache�to the improvements so as to wnstitute a fixWre,induQing,but not 8mited to,heating and cooling equip� '.�-
<br /> ��`'��� '. ' men�and tngether with tha homestead or marttal interests,if any,which interests are heretry reteased and waived;ali of which.indud- :�;..`;4'
<br /> � � � � ing replacements and addiUons thereto.is hereby Qeclared to be a paA ot the ceal esteta secured by the lisn of t�is Oeed of TNSt and ::,^_�(
<br /> • � all of the foregoing being reterred to herein as ttfe'Properyl'• ._
<br /> � lhis Oeed of Tn�st ahail secure(a)the payment ot the pdncipal sum and fnterest evldenced by a promissory note or credit agree- :��?��_
<br /> � ' � • ' � � � mentaated December 31, 1997 ,having a matudty date af,Jaauas9 15. 2003 ,�=
<br /> .�� � � 28, 20 50 .and any and ait modifications,extensions and renewals ~�_
<br /> 'L r i` ' � � in the origlnal pflndpat amount of$ � • .
<br /> z<• .
<br /> r � � �;, thereot or therew an0 any notes o cr redit gre e ments(he e in�tl Ho s'�elb)the paym�at i o er sums a dvan c e d by L e n d e r t o —
<br /> to one or more promfssory
<br />:Y,• ' "' �<..�. protect the secutity oi the Nots:(c)the Porto ernor an a'oi hem if mo than one)t Le de gwhether d�ireG,nd rect.absolu e o$canUrt � •.
<br /> '�' � � ' tuture indebtedness and obqgations o1 B ( Y
<br /> . . . geM and wt�ether arisin e��getexecuted n connectlon therewith,ncludn g withoute mit t on guarantees asefcur�agr ements ana �
<br /> . � ;, �. secure the Note or oth
<br /> • ' �. assignments of leases and rents,shatl be referred to hereln as the'Loan instruments'.
<br /> � • Tr►�stor covenants and agrees with LenQer as toltows: .
<br /> � � � 1. PaymeM of Indebtednesa.Ali indeb2eQness secured hereby shatl be paid when dae.
<br /> , . � 2. Tltte.Trustor is the ovmer of the Property,has the right and authority to convay the Property.a�d warrants that the 8en creat- ,
<br /> � � - ed hereby is a flrat and prior lien ond of Trust,and the executton nd deU ery oi thia Oeed of Tnut d es not vioiata any contract or
<br /> ••;�, Lender betore execution o!this Oee
<br /> otherobtlgaUon to whlch Trustor is subject.
<br /> - - � 3.Taxes.Assessments.To pay before deGnquency ail taxes,sDecial assessments and all other charges agalnat the PropeRy
<br /> . '; � noworhereaftertevied. ' .'
<br /> ' 4. tnsurartco.To keep the Properiy Insured against damaga by fire.hazards isrctuded within the term°extendea coverage',and
<br /> lr�.�� � s�sch other hazards as Lender may requlre, in amounis and�e�iri►companies acceptable to Lender,naming Lender as an additional .
<br /> � � � i named insured,vYtb toss payabte to the Lender.In case ot ioss under such policies.the lender is auNorize0 to adjus�co�ted and •
<br /> i compromise,aii ctaims thereunder and shall have the opbon ot app�yi�9 a'.!or paR ot the insurance proceeds p)to any indebtedness �.
<br /> . � secured hereby and in such orCer as Lender may determine,(ii)to the Treis:or to be used tor the repair or restoration oi ihe Property or
<br /> � . - (iii;tor any ather D��a ment evle►tookip ace.AnY aPAl�icavon�s o}pror.eeds to ndebtednei s sha ot extend or postp ne the aue aa�e
<br /> . . . � here9y betore such p y hereunder.
<br /> :T�._�: .
<br /> ! of any payments under the Note,or cure any defauit thereunder or
<br /> . „• . . 5_Escrow.Upon written demand by Lender,Trustor shall pay to LenQer,ln such manner as Lender may designate,sufficient
<br /> as�ms to enable Lender to pay as they become due one or more oi the to�tov+ing:p)a�l taxes,assessmenis and other charges against ;
<br /> � � � th�s Property. (ii)the premlums on the propeRy Insurance requ ire d h e r e u n d e r,and (ifi) tha premiums on any moRgage tnsurance
<br /> : . . � required by Lender. ,
<br />,,,;:'. ' . � 6. Malntenance,Ropalrs anQ Compilance vAth Laws.Tn�stor shall keep the Property in good condition and repair,sha
<br /> prompUy repalr,or replace any improvement which may be damaged or destroyed;shail not wmmit or p�errmtyit any waste or deteriora�
<br /> ! tion oi the Property:shall nd remove,dsmolish or substantially aiter any of the improvements on the Pro e shall not commit,sufler
<br /> � or permit any act to�gt and ex�ense allhe sr�encumbranaes and charges e ved.�i P sed or�aUccessed againstat e PropeRy tor any
<br /> . � charge at Tnutor's P
<br /> pad thereof.
<br /> `�'�•�' � � Emiaent Domaln.Lender is hereby assigned all compensation,awards,damages and other payments or retiei(hereinafter
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