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<br /> . � D�D OF TRU�7'lOUlYT�1 Ftl'�JRE ll�►�DVANCES .
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<br /> y JANUARY ,�9 98 ,by ar,� �. ' �
<br /> � � THIS DEED OF TRUST.is made as oitfie ZHD da of ��;'��" .
<br /> �a'.
<br /> ;;� .. ' � ; -'..��, theTtustor. JANfES R MEYER AlJD DEBORAN K MEYER, HUSBAtJD AHD WIFE � � : �__��=-
<br /> . a�,. - �ff'�
<br /> � '.Y whose maiiing address is c,o e Mn.�onc cr r.oa►un Tc�eNn uF 6RA01 (herein?rustor,whe4her ons or more). � � '
<br /> . , <. .1.;. �� 4 " .- � �.
<br /> ., meTn��e FIYE POINTS BANK, A NEBRASKA C�RPORATION . .� �.-,ti
<br /> • whose mailtng address is P 0 BOX 1507 GRAND ISLAND N 68802 (herein Trustee7.and �."�'.'';�. ��-,___ _
<br /> �
<br /> .°.�" - ` the Beneftciary. FIVE POINTS BANK �' =-_
<br /> �.:.:;_,�.:� ' ' � � =`
<br /> . �- - ; �" �vhosemafingaddressis 901� N BRQAOMELL Ai[E r_one�n Tc� eun NC 6ARt1� (herein'LendE�. �:''�",' ��
<br />'i� .. . ..r - '��'/i��
<br /> , ' FOR VALUABLE CONSIDERATION,includ'mg Lende�s extension ofcredit identified herefi to `' ���� • ;��r:.-�_
<br /> r{ , •�� JAMES MEYERIIND� BORA K MEYER �" {�:�-
<br /> :t.`r.....;-,....:.,.�. ' (hecein'Borrower;wheiher one or more)and ths trust herein�areated.the recetpt , '_�, �3,�
<br />- �, '°, - of whicb is bsreby acknowledged.Trustor hereby irravocably grants,transfers.comreys and assigns to Trustea. IN TRUST.WIiH `.`;_r;�-
<br /> • • . POINER OF SALE,for the benefit and�rity of Lender,under and suhject to the tertns and candi8ons hereirrafter set forth,the rnal • `''.'�:°
<br /> P�.�,-
<br /> -�-----
<br /> �. - property desaibed as follows: ;��`�• �;.�.;;�,;,�;
<br /> , � �� LOT FIF'fEEN (15) OF ABRAHAMSON'S SUBDIVISION OF BlOCK FORTY-T410 (42) OF , __
<br /> � - CHARLES WASMER'S SECONO ADDITION 70 THE CITY OF 6RAND ISLANU, HAlL COUN11f, NEBRASKA _ _ ��``
<br />- . . - -:_�:
<br /> Y • •��`�� Together with all buitdings,improvements,fixtures,sbeets,aiteyrs,passageways,easements,rights,priviteges and appurtenances ; `:�:
<br /> ' • _ located thereon or ic►anywise pertaining thereto,and the re�ts,issues and p�afits,reversfons and remainde�s thereof,and suc�f per- •�
<br /> , sonal pcoperty that is attached to the improvements so as to consUtute a flxWre.inctuding,but not limited to,heaUng and caoting equip� � '��
<br /> �'�(' ' !^� � � men�and tagether wft�the homestead or mariial interests,if any.which interesta are hereby reteased and waiveA;al)oi which,indud- � :, .---
<br /> � - ing replacements and additfons therew,is hereby declared to be a paR of the real estate secured by the tien of U�is Deed oiTrust and �� ' � . ��:�_
<br /> � • • aU oi the firegoing being referred to herein as the'Property'. • ` '���i
<br /> = • � This Deed otTrust shatl secure(a)the payment oi the princlpai sum and interest evidenced a romissory note or credit agrea- •`�-_-
<br />`''�� , �- ment dated JANUARY 2 1998 .having a mamrity date of JAN�A�5. 2001 � `�__`
<br /> ' ` '...� in ths originai principal amount of$ 50 102.00 .and any and all modiflcaUons.extensiona ane renewals � ___.
<br /> "'t.�. } thereot or thereto and any and all�uture advances and readvances to Bortower(or any ot them if more than one)he�eunder pursuanl --
<br /> � � .d to one or more promissory notes or ctedit agreements(hereln calied'tJote7; (b)the payment of other sums advanced by lender to . : --
<br /> �;'. ..-� , :;;� protect the security ot the Nota;(c)the pedormance of ali covenants and agreements of Trustor set bRh herein;and(Q)all present an0 --_
<br /> ' tuture indebtedrtess and obllgations oi Borrower(or any ai them if more than one)to Lender whether dired,ind'ueG,absoJute or contln-
<br /> �' , �- �� gent and whether adsing by note.guaranty,overdraft or othenNlse.The(Vote,this Oeed oi Trust and any and aD other documents fAat _
<br /> �. � secure the Nofe or otherwlse executed in connection therewlth,including wlthout limitatton guarantees,securtty agreements and . . ,.--
<br /> � � .. � assignments oi leases and rents,shatl be reterred to heretn as the'Loan Insbuments'. • _ . , -
<br /> � . . Trustor covenants and agrees with Lender as follows: •
<br /> � 1. Payment of lndebtedaess.AU Indebtedness secured hereby shaU be paid when due. , . `�� � .
<br /> ` � . � ' 2. TtYfa.Trustor is the owner of the ProDeRy,has the right and authority to corney the Property,and warrants that the Ilen creat � ,` ` .
<br /> . � . `� ed hereby is a ftrst and prior tien on the PropeRy,except for liens and encumbrances se!forth by Trustor in writing and delivere0 to :' .
<br /> � � � . s Lendet before execution oi this Osed ot Trust,and the execution and delivery of this Deed ot Trust does not violate any contrad or • , .
<br />� . �'� olher obilgatlon to which Trustor is subject. ,
<br /> ; �' � ; 3.Taxes.Assessments.To pay beTore delinquency ail taxes,special essessments and all other charges against the PropeRy
<br /> • , now or hereafter levied. .
<br /> � 4.Insura�ee.To keep the PropeKy insured against damage by flre,hazards incluQed within the term'extended coverage",and . ..
<br />�. '
<br /> � such other ha7ards as Lender may require,in amounts and with companies acceptable to Lender,namtng LenQer as an addlUonal � • . ..
<br /> named insured,witb loss payable to the Lender.In case oi loss under such policies,the Lender ls authorized to ad]ust,ooltect end .
<br />.' '� � ccmpromise,al1 ctaims thereunder and shatl have the optlon of applying all or paR oi the insurance proceeda(i)to any indebte6ness
<br /> " secured hereby and in such order as Lender may determine,(ii)to the Trustor to be used tor the repair or restoraUon ot the Properry or .
<br /> ' . pii)for any other purposs or object saUsfactory to Lender without affecting the tien of this Oeed of Trust for the full amount secured - � .
<br /> • hereby before such payment ever took place.Any appilcations of proceeds to indebtedness shall not extend or postpone the due date . .
<br /> � o!any payments under the Note,or cure any default theraunder or hereunder. • . • �
<br /> 5. Escrow.Upon written demand by lender,Trustor shall pay to Lender,in such manner as Lender may designate,sUfflclent •• �,�
<br /> � . sums to enable Lender to pay as they becoma due one or more oi the tottowing:(i)ail taxes,assessments and other charges agalnst
<br /> • � the Property, (ii)the premiums on the propeRy insurance required hereun�'.er.and (ili) the premiums on any moRgage insurance ,
<br /> <
<br /> � . � required by Londer. •
<br /> �' . . 6. Malntenanee, Ropalrs and Complianee witb Laws. Trustor shall keep the Properly in good conditlon and repalr, shall
<br /> ' '� prompUy repair,or replace any improvement which may be damaged or destroyed;shait not commit or permit any waste or deterlor� •
<br /> . tion of the Propartyr:shail not remove,demolish or substantlally alter any oi the�mprovements on the Property:shall not commit,suHer
<br /> � � or permit any act to be done in or upon the Property in viotation of any law,ordinance,or regulaUon;and shatl pay and promptty dis- �
<br /> � ' � charge at Trustors cost and expense all liens,encumbrances and charges levied,imposed or accessed agafnst the Properly or any
<br />_ paR thereof. _ � . .
<br />- . � 7. Eminent Domaln. Lender is hereby assigned ail compensation, awards, damages and other payments or retief(hereinafter � �
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