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<br /> , � DEED 0�TRUS'T li'i!i'i'H FU'1'l�6tE f�►DVANCES _:,, . � •
<br /> : . . ���.��-� . , `,:
<br /> � - THIS DEED OF TRUST,is made as of the e�' day of J�"'� ,19 98 ,by and artrong �, • � '
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<br /> - ' • • tfi@T/ustOt. QAAY•S GVALITY AVfOMdTIVS. IHC. ,�r: .. � `r::�'>
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<br /> " � whosa maiiing address is��^� w otn Qarux t�cxt9t►y c�t+nxn isturo t�a 68803- (herein"'frostor;whether ane or more), � .,`. ' _��.__
<br /> - - 'i<� . --
<br /> i:` • � . the TnIS[B0. 8}uvx OP DCt7IP�A ---
<br /> . whose m�iting address is ro eax 2�o nox�Fmx r+a s�32 __ lheteJn'TnJStee").and ' `t.`. - --
<br /> --.- --.-- the 6eneflciary, ' . �_ __ -_
<br /> ' • � (herein•te.�der'!. ' `•:3�,_.
<br /> ��-•; whOSe m3ililig eddress f9 oe Aex s�o muraaax taa ssea� ° : ' s_"
<br /> , , , `•� FOR VAWABLE CONSIDERATfON.inGuding Lende►'s entension of credit identifted hereln to :�:<��=.y
<br /> ',- .. �.� (iARY•3 9II3lZ.IT1t ASJTOMOTIVL�. IAC. QAAY D. STARI�Y ' -- - -
<br />.':r. `:� ,• � ``:, (herein'Bnrtower',wAethor one or morel and the trust herein created,the _�_`� _-�-�
<br /> '' � ' � receipt of which is hereby acknowtedged,Tn�stor hereby irtevoca6ty grants,vansters,wnvoys and assigns to Trustee,IN TRt1ST.VYITH • ' � `
<br /> r-:��; � POWER OF SAIE,for the benefit and security of Lertder,under and su6ject to the terms and canditions her�siter set foRh.the real --_
<br /> . _ property,desanbed as foitows: �
<br /> ' LOTS'1'�lSB (31 Atm FODR (41. WSSTCiAT6 PEPfA S�IS/ZSIOft. IN T!�CITY OP CiRAND ISL11t�ID. AN.L QODRPY. HSBRAS�A. : _ -
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<br /> � � .� PROPEEtTY ADDR85S: �,.`:.�. �,'.,`-`
<br /> ' ' � �.T i.�-�.
<br />- , � Tageiher with a0 buitdings,fmprovements,fbaures,streets,alieys,passaAeways,easements,rfghts,privifeges and appurtenances � ;:,��-
<br /> � lacated thereon or in anywise pertaining thereto,and the rents,issues and Drofits,reversions and r�afiders thereof,and sucA personal . '�r;�,�.,
<br />. , :_..f�.�
<br /> � property thai is attached to the improvemente so as to constitute e fixture,inctuding,but not limited to,heating and caoitng equipment; �:;�ri:-'_.
<br /> `' • �� and together with the homestead or marital interests,if any,which interests are hareby refeased and waived: all of which,including ' ,.
<br /> � � repiacements and additions thereto,is hereby deciared to be a paR of the real estate aecured by the lien ot th(s Ceed ot Trust and a0 of • �
<br /> � ' the foregoing 6eing reterted to herein as the'PropertY". '' . , ��
<br /> �. . ,-
<br /> . ;': • ' ' This Deed of Trust shali secure(a)the payment of the principal aum and interest evldenced by a promissary note or eradit � �_ . ' �'�
<br /> " , ' :�?��� agreement dated aanuarv os, 1998 ,having a maturity date of March og. 1998 , -.'j r
<br /> � ' � � ` in the original pdncipat amount of S 63.500.00 ,and any and all moditications,extensions and renewais .� � J�:�
<br /> "�� • � thereof ot thereto aad any and ali future advances and readvances to Bortowet lor any of them if more than one)hereunder pursuant to .
<br /> ' . • one ot mare promissory notets or credit agreementa therein catted'Note'i;tb)the payment of other sums advanced by Lender to protect �
<br /> • • the security ot the Note;tc)the peAortnance of all covenants and agreements of Trustor set forth herein;and td)ail preseni 2r.d future ' ,-
<br /> ' � inQebtedness end obligationa of Bonowar (or any of them if more than one)to Lender whethe�direct.lndirect.ahso(ute a�cantingeat :.;,,: . .�
<br /> � and whethar adsing by note,guaranty,overdrah ot otherwlse.The Note,thfis Deed of Trust and any and ait othe;Coeumer��2[:at secure ;�•.
<br /> � the Note or otherwlse executed in connection therewflh,including without limftatton guarantees,security agreemsnts aa�assignments
<br /> . • • � 01 leases and rents,shall be reterred to herein as the°loan Instrumenta". . � ,
<br /> .:; •• �, Trustor covenanta and agrees wlth Lender ea foltows: '
<br /> � '� 1.Payment o!Indebtedness.AII inde6tedness 8ecured hereby shall be paid when due. : � ° •
<br /> �.` ;,� � 2.T(tte.Trusto►is tha owner of the Property,has the rlght and authortty to convey the PropeRy,and warranta that the Ilen created s:: . , , •
<br /> " � hereby Is a firat and prior tlen an the Property, except tor lisns and encumbrancea set torth by Trustor in writing end delivered to Lender
<br /> betore exeeution of t:sis Qeed of Trust, and the execuUon and detivery of thl9 Oeed of trust Aoes not vlotate any contract or other " '
<br /> • � ��r obNgation to which Trustor is subject.
<br /> • • 3.T�es,Qssessmente.To pay betore deiinquency aU taxes,specia�assessments and all other charges ageinst the Proporty now or ,
<br /> � • hereafter levled. . .
<br /> � ' 4.insuraneo.To keep the Roperty insured againat damage by fire,hazards, Inciuded within the term'extended coverage",and
<br /> ' � � ; such other hazards as Lender may require,in amounts and witA companlea acceptable to Lender,naming Lender as an additional named , �
<br /> ' • � insured,with loss payabte to tfie Lender. In case of toss under such poiicies,the Lender is authorized to adjust,coltece and compramise, . • ,
<br /> �„ ,: • { all claims thereunder and ahail have the option ot apptying all or part of the insuranee proceeds(i)to any indebtednoss securod hereby :
<br /> • and in such otder as LendeR may determine,(ii)to the Trustoi to be used for the repair or restoratlon of the PropertY or Uii)ior eny otfier
<br /> purpose or ob►ect satisfactory to Lendar without affectinp the t�en ot thia Deed of Trust for tho full amount secured hereby botora euch • ;
<br /> ��'" ��: � payment ever took place.Any appiicatlon of pioceeds to indebtedness shall not extend or postpono the due date of any payments under
<br /> { the Note,or cure any de}auit thereunder or hereunder.
<br /> . i 5.E&erow.Upon written demand by lendar,Trustor shall pay to Lender,in such manner as lender may designate,sufticlont suma
<br /> ; to enable Lender to pay as they become due one ar more of the following:li1 all texes,essessments and other charges aga�nst the ,
<br /> ': • { ihapenY.(ii)the premiums on the property insurance requited hereunder,and liii) the premiums on any mottgage insuranee required by ;
<br /> •• . � Lendea ,
<br /> • ' 8.Malntenanco.Repairs and Compfiance with Lawa. Trustor shall keep the Prope►ty In good condition and repair;shail promptiy
<br /> _ -• - - ' ' j repair,or replace any improvement which may be damaged or dostroycd;sfia�l not commit or permit any waste or deterioration ot the i .
<br /> � ! Property:sfinll not remove,demolish or subsiantialiy alter any of the impravements on the Property;shall not commit.sutfer or permit
<br /> - - - --- -=-: any act to ba ttana!n ot upost!he Ptaperty +rt Wolat�!+�+of any Iaw, aMinnnra. or reguiatlon: and shall oaV and promptiY discharflo at �� ___�_,
<br /> � ' ' i Trustor's cost and expense ail liens,encumbrances and:r-.ges levied,imposed or assessed against the PropertV or any part therao}. I ��
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<br /> �. � ' � �16C3457A S�7o�agncWtural OnaAI Rw.6l95 �•- � � ,
<br /> '�� 19H8 Na7�ona18anY ol Commo�co irust a�tl Sevmgf Asiouai�on.L lncNn.No bras k a _-.
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