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<br /> . < � OIEED O�YRUST III�YH�UY�1RE�1DV/�[+iCES ,, . , �,f,
<br /> . .� . .. .:
<br /> �� THIS OEED OF TRUST.is made as of the 30TH day oi DECEM{BER _,19 97 .by and amoag� __
<br />-�. ..: . sfi� :
<br /> 4 ` theTrusOOr. DON RAZEY AND DEBORAH RAZEY, HUSBAND AND triIFE � � ,s `:� -
<br /> . . `� � ' _ r�.,:�''��
<br /> _ . : whose mailing address is 216 LAKESIQE RR GRAN� ISLAND NE 68801 (herefn'Tnutor,whether one w more). `� _�. , '- -�-N
<br /> �
<br />� � . - meTastee FIVE POINTS BANK, A NEBRASKA CORPORATION ' " _ _
<br /> .`�,- ', wt�ose matiing addcess is P 0 BOX 1507 GRAND I S LAND NE 688Q2 (herein Tnistee'},and
<br /> � , .. �. . —
<br /> theeeneflciary. FIVE POINTS BANK :•
<br />., . . _.�.
<br /> ,._ _ - -• . � . -_
<br /> � `� � � whose mailing address is 2015 N BROAOWEL L AVE GRAND 1 SLAND NE 68803 (herein•lende�. � -, __ _
<br /> FOR VALUA9LE CANStDERATION,inctuding Lenders extension of credft identi6ed hecein to ` ��,��;._
<br /> � DON RAZEY AND DEBORAH RAZEY ,''
<br /> . :�, �. (herein'BoROwer,°whet�er one or more}and the bust herefi created,dre receipt =- _ _
<br /> � �' r of which is hereby acknowtedged,Trustor her+eby irrevacabty grants,transfera. conveys and assigns to Tnistee.IN TRUST.WiTH ° ____"�
<br /> . POWER OF SALE.tor the beneftt and secudty of Lender.unQer and subject W flte terms and condiUons hereinaRer set torth,the reai . , : -_-__—,
<br /> ` � .. ' pmperry cfescribed as foUarvs:
<br /> , - � :�:�..,
<br /> • . .�"�,
<br /> � " LOT T4t0 (2), FIRETHORNE ESTA7ES SUBDIVISION, CITY OF GRAND ISlAND, . �•; 4`-°-
<br /> :- � `^ � ;' '' HALL COUNTY, NEBRASKA � -_-
<br /> r :r..-_
<br /> .. ,�_;� :�,;;�.:;
<br /> ._ ; Together with a1t buildtngs.im�srovemenb.ftxwres.streets.alleys.Passa9ewaYs•easements.dghts.P►h+ileges and appurtenances
<br /> ' Iocated thereon or in anywise pertaining thereto,an0 the rents,issues and profits,reversions and remafinQers theteot,and such per- � .���`��,
<br /> • - sonal property that is attached to the improvements so as to constitute a fixhrre,includtng,but not limited ta,heaUng and c�ooling equip- '-�-.=:=,�.,y
<br /> � • mer�and Wgether witli the homestead or madtat interests,�f any.which interests are hereby reteased and waived:all of whicb.indud- . . �_�;�„�,
<br /> .. � 1ng reptacements and addiUons tNereW,Is hereby dectared to be a paR oi the real estate secured by the lien o!this Deed of Trust and �� �•� �; -
<br /> ; .... ,.�_
<br /> • : all of the foregoing being referred to herein as the'Property'_ - • . """
<br /> -��..
<br /> �y; This Deed ot Trust shall secure(a)the payment oi the pdncipal sum and Interest evtdertced by a promissory note or credit agree- _-
<br /> . . . • . ment dated ,��FMRR'fZ'1f1� 7 QQ7 .having a maturity date of 1��1 Y 1,,49A . -
<br /> � '• in the ofiginal principal amount of$ 200,000.00 ,and any and afl modiflcatlons,extensions and renewals . , ___
<br /> '«. thereof or thereto ane any and all future advances and reaQvanc�s to Borrower(or any of them H more than ane)hereunder pursuant , - ---
<br />- W one or more promissary notes or credit agr+aements(herein called'Note�;(b)the payment oi other surais advanced by Lender to - . ,,.:,�' ���; . =-
<br />:��,: . ' � protect the secutity af L?'s(�tote;(c)the pertortnance ot a(I covenanis and agreements oi Tnistor sei foM herefi;and(d)ail present and • � .
<br /> � ' ' future indebfedness and obiigatlons o!Borrower(or any oithem if more than one)to Lende�whether direct,indirect,absotute or conUn- . . .. ,
<br /> � , gent and whether arisir►g by note,guaranty,oveMraft or otherwise.The Note,this Oeed of Trust and any and all otl�er documenb that . ,
<br /> � secure the Note or otherwise executed in connectlon therewith, inctuding withaut tlmitation guarantees, secuAry agreements end
<br /> "� ' assignments o1 teasas and rents,shatl be referred to hereln as the'Loan tnstroments'. ,.
<br /> � ' � Tnistor covenants and agrees with Lender as foltaws: .
<br /> � ' 1. Payment ot Indebtedness.A11 indebtedness secured hereby shafi be paid when due. ,..
<br /> ` 2. Titte.Trustor is the owner of the Property,has the right and authority to convey the Property,and warrants that the lien creat- -�
<br /> �a.: � � ed hereby is a Arst and pdor lien on the Properly,except for liens and enwmbrances se!fortb by Trustor in writing and detivered to .
<br /> - �. � . � Lender before execuUon o!this Deed of Trust,and the execution and delivery ot this Deed ot Trust does not viotate any contract or , .
<br /> othei obligation to v�hich Tn�stor ls subject • .
<br /> � � 3.Taxes,Assessmente.To pay before deiinquency atl taxes,speGal assessments and ail other cfiarges against the Property : , . �
<br /> • • now or hereafter levied. •
<br /> ' • � 4.tnsurance.To keep the Property insured against damage by flre,hazards included withtn the tertn'extended coverage',and : .
<br /> � � such other ha�rds as Lender may require,in amounts and with ccmpanies acceptabte to Lender, rtaming Lender as an addiUonat
<br /> � named insured,with loss payable to tha Lender. In pse of loss under such paticies,the Lender is authorized tn adjust,co11ec1 and •
<br /> compromise,all claims thereunder and shail have the option of apptying atl or paR of the insurance proceeda(fj to arry indebtedness
<br /> � . � secured hereby and in such order as Lender may Cetermine,(ii)to the Trustor to be used tor the repair or restorallon ot the Property or ., .
<br /> (iii)for any other purpcse or obJect saUStactory ta Lender without aNecting the Ilen ot this Deed of Trust far the fult amount secured
<br /> • � hereby before such payment evar took place.My apptipUons oi proceeds to indebtedness shatl not extend or postpone the due date
<br /> � ot any payments under the Note,or cure any default thereunder or hereunCer. �
<br /> . 5.Escrow.Upon written demand by LendAr,Trustor shall pay to Lender, in such manner as Lendet may designate,sufficient ,
<br /> ' sums to enable Lender to pay as they become due one or more oi the toilowing:(I)all taxes,assessments and other charges against .
<br /> � the Property, (ii}the premiums on the property insurance required hereunde�,and(iil) the premiums on any mortgage insur�nce . �
<br /> ; required by Lender. �
<br /> ,`,;�.. 6. Maletonance,Ropairs and Comptlance with Lawa. Trustor shall keep the PropoRy irt gaod conditlon and repatr;shall . . .
<br /> prompUy repair,or reptace any improvement which may be damaged or desUoyed;shall not cummit or permit any waste or detedora-
<br /> tion oi the Property:shall not remove.demoNsh ar substaniialty alter any o1 tha improvements on the Property:shail not commi�suffer
<br /> • or permit any act to be done in or upan the Property in vlotation oi any law,ordinance,or regutaUOn;and shall pay and promptty dis-
<br /> � charge at Trustor's wst and expense all tierts,encumbrances and charges Invied,imposed or accessed agalnst the Property or any
<br /> . . � paA thereot. . ,
<br /> 7. Eminon!Domaln.Lender is hereby assigned ail componsation, awards,damages end other payments or ralie}(hereinatter
<br /> .._ --- -----=- -- i '_
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