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<br /> - -- DEED OF 7RUSY IAliT0�0 FUTUR�d�V�fl1C�S ' - -
<br /> . �.f-.�-
<br /> . . December .�s 97 .by and among� $ '` `" '� �
<br /> TlilS DEED OF TRUST,is made as of the 27th day af - y
<br />_ .- .._....-. --• G, ..a.y-a�,�.,-ea�v;
<br /> � meTrustor, e u se & mmie L. Hulse Husband and Wife t� � '� *'
<br /> `� —
<br /> � � � whosemailingaddressis 908 Redwood Road, Grand Island, NE 68803 (herein'Tasoof�vfiethgroneormore). � --_--�_
<br /> - _ . -,; -��y-
<br /> _ ';< , ., -
<br /> , . ` the Trusffie ` .. _ �..
<br /> ,'G whose maiiing address is D (1 Rnx t��7 Cra n,_d?Sl and. u� �RR(1?-1507 (herefn'Trtistee'j.and , � � _-
<br /> -�-
<br /> . the Benefiaary• � =J ,,,,� _
<br /> .
<br /> - . � '�' whose mailing address is p n a�Y :��; Grand I sl�,�d N� 68802-1507 (herein•tsnde�. �..k�_,"�
<br /> ._.. __ .::�;T,. � �°. —
<br /> � � FOR VAI.UABI.E CONSIDERATION,including Lende�s extension of credit identifted herein tu Kevi n Hul se � -� � __
<br /> . _' �.l �=Si-. __iT__.—
<br /> ` " , (herein'Borrower,'whether one or more)and the trust herein aeated.the receipt ��._:_�: =
<br />__ ......_' u,.�.� of whict�is hereby ackr►owladged.Tnistor hereLy irrevocabty graRts.transfers.canveys and assigns to Tnutee.IN TRtSST.WfTH ��:_-',- ----_
<br /> ` � � � .�'` POWER OF SALE.for the�enefrt and security of Lender,ender and subject to ths bem�s and candiUons hereinafter sei torth,ttte real ��_LL--
<br /> ', • �` P�ABrtY descxiQed as foltows: - - — ._
<br /> ' . _ Lot Tarenty Three (23), �lestulootl Park Second Subdivision, GranC Island, Hall T�,_,i �-
<br /> . ., � 's� ... County, Nebraska. :`-t��° �_
<br /> `, , • ' . � .� Togetherwfth all build�ngs.improvemenffi,fixWres.streets,alleys.passagewaYs•easements.ri9hts�Pfiriteges and appurtenances , . ,'::',���_
<br /> � � Ioqted thereon or in anywise peAalniog thereto.and the rents,issues and prafits. reverstons and remainders theceof,and such per• :;,, ',_,�,
<br /> ca --
<br /> � � sonai property that is atEached to the improvements so as to constitute a fixtu�:inctuding,but not limited to.heatlng and cociing equ11� ;,,
<br /> ._....__ .� mer�and together with the homestead or madtai interests,if any,which interests are hereby released and watved:ali of which,indud ��``� .�i.
<br /> .,..,.�.:�
<br /> • � • ing reptacements and aQdWons thereto.is hereby dectareA to be a paR ot the reai estat�secured by the Ilen oi this Deed ot Trust and .:,;.�_F.
<br /> • ' all of the foregoing being referred to herein as the'PropeRyl'. •�• ,::-�_��.
<br /> �, ,: ' .�;;�;� This Dead of Trust shatl secure(a)the payment of the pdncipal sum and interest evldenced by a promissory�ate or ccedit agreo- • ,._-.�__
<br /> �� ment dated Decemher 7Z.. 1997 .having a matuHty Qate of�],�,jy 1��?n�l . r
<br /> � ..�t_
<br /> in the odgtnal principal amount oi$ ����--.�.�0_ .and any and a!1 modiftcations,extenslons and renewais � �. : _
<br /> thereot or thereto and any and all future advances and readvances to Bortower(or any otthem if more than one)hereunder pursuant ?;��+_� ��' �y�
<br /> • � to one or more promissory notes or credtt agreements(herein piied'Note�;(b)the paymeni ot other sums advanoed by Lender to _-�5i�_�
<br /> proted the securiry oi the Note;(c)the pertormance oi all cavenants and agreements af Tncsbor set foM herein;and(E}att present and � .__
<br /> � � .,�, � �� • future indebtedness ans obligaUons of Bortawer(or any of them if more thart one)to Lender whether direct.indireG,abso(ute or conUta . :::� ;
<br /> . �; • gent and whether adstng by rrote,guaranty,overdraPt or othenvise.The Hote,this Deed of Trust and any and all other documents fhat .
<br /> ' secure the Note or otherwise executed in connecNon therewith, inciuding without iimitation guarantees,securiry agreemenb and .
<br /> ; � assfignments of leases and renb.shall be referred W herein as the°toan instruments'. • � . • .-
<br /> • 7rustor covenants and agre2s wNh Lender as foltows: '. '
<br /> � - ' "<.� 1. Payment o!Indabtedness.Ail Indebtedness secured hereby shall be�paid when due.
<br /> ,•; � ' Z. Titfe.Trustor is the owner oi the Prop�rty,has the right and authodty to convey the Properly,and warrants that the lien creat �
<br /> ' ' ed hereby is a flrst and prior fien on the PropeRy,except tor Iiens and encumbrances set toM by Trustor in wrtting and delivered W � • . .
<br />- Lendet before execuUon oi this�eed oi Trust,and the execuUon and delNery of this Deed oi Trust does not viotate any conttact or
<br /> � other obligaUon to which Trustor�3 subJea.
<br /> `� 3.Taxes.Assessments.To pay before de0nquency all taxes,special assessments and al!oiher charges agalnst the PropeRy • . �
<br /> ' now or hereafter tevied. �
<br /> � 4.Irtsuraneo.To keep the Property insured against damage by fire.h.azards inctuded within the term'extenAed coverage',and .
<br /> � suct�other ha�ards as Lender may requtre,in amounts and with compames acceplabte to Lender, naming Lender as an addiGonaf
<br /> � � named insured,with toss paya�'e to the Lender.in case of�oss under such poliGes,the LenQer is authorized to adJust,collect and
<br /> compromise,ail Galms therec��^Car and shail have the option oi applying all or pan of the insurance proceeds(i)to any indsbtedness •- • �_
<br /> �� ' secured heteby and in such order as Lender may detotmina,{i!)to the Trustor to be used tor the repaU er restoratlon of the PropeAy or __; _ _____
<br /> ., (iii)for any other purpose or object satisfactory W Lender without aNecting the Ilen oi thls Daed of Trust for the tull amount secured , :
<br /> hereby betore such payment ever took pt�ce.Any appllcaUons oi proceeds to indebtedness shail not extend or postpone the due date
<br /> of any payments under the Note,or cure any defauit thereunder or hereunder.
<br /> � . 5.Eserow.Upon written Qemand by Lender.Trustor shail pay to LenQer, in such manner as Lender may designate,sufticient
<br /> ��� • sums to enabte Lender to pay as they become due one or more of the toliowing: (i)aii taxes,assessments and other charges against ,
<br /> . � the Properly,{if)the premiums on the property insurance required hereunder,and(iii)the premiums on any mortgage insurance
<br /> � ' � required by Lender. � .
<br /> � ' 6.Maln4enance, Repalrs and Complianeo with Lawa.Trustor shall keep the Property in good condition and repair:shail ,
<br /> `- ' . prompUy repalr,or replace any improvement which may be damaged or destroyed;ahall not cammit or permit any waste or Qeteriora-
<br /> '�'` • Uon o11he Property:shall not remove.demoqsh or substantially elter any o}tha Improvements on the Property;shail not cammit,suHor
<br /> , • : • or permit any act to Be done in or upon the Property in viotaUon oi any law,ordinance,or regutation:and shatl pay and prompUy dis- . .
<br /> • �, charge at TrustoPs cost and expense all pens,encumbrances and charges levied,imposed or accessed against the PropeRy or any . .
<br /> ' � part thereoi. �
<br /> - -- 7.Emin�nt Ocmatn.Lender is hereby asstgned ail compensation,awards,damages and other payments or retie!(hereinafter
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