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<br /> .. ;� �� �.��.,; DEED OF'TftUSY WITW PUTdJRE l�VA1MCES . � .�� _.
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<br /> THIS OEED OF TRUST,ts made as of ine 9T H day of J A N U A R Y 19 9 8 .by and artwn� � � ;. � •
<br /> " `� INGLE PERSON � ��°�`
<br /> ,;, .�' ' ' theTtisior. JOHN CHLEICHER A S ':, �.� -.&�f�:,;
<br /> � �C z: �� ,_—
<br /> . . . wAose mailing address is� ° ^'r••'� �"'� f R ANiI i S i d N[f N f 6 8R0 3 (herein'Tnistor.whetiter ore or more). _ .f_;:,,___.__
<br /> ,�:,� --
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<br /> -� ��., ,�'. .�.`,� theTruscee FIVE POINTS BANK A NEBRASKA CORPaRATION , - --__.
<br /> � � whose mailing address Is,� [l B 0 X 15 I17 6 R A N D I�� d N D N E 6�8 C Z__,__ _(herPin'Ttustee').and Y� �. _
<br /> �.� �. ,
<br /> . _ � .
<br /> .:i' the Beneflctary. ^ , .
<br /> . . ��.�.l' , `..� :--_—
<br /> - � � whosema3Nngaddressis 2015 BRQAD4JELL AdE GRAND ISLAND NE 68803 (herein'lende�. __
<br /> � . � ' '_� FOR VRLUABLE CANSIDERATION,induding L.ertders extension af c:edit iden�ed herein to ' �_��,
<br /> � • �� �..�' (herein'Bortower;whether one or more)and the trust herein created,the tacelpt � �`�'�
<br /> •• • ° of�vhich is hereby admowtedgeQ Tnistcr hereby irravacabiy grants.transters.cnnvays and assigns to TrusDee.IN 7RUST.WITH r�-,�.
<br /> 41-' pOWER OF SALE,for the benefit and security of lendar,under and subject to the terms and con�tions hereinafter set foM.Ure real ,
<br /> __. . �,'.�'. property descdbed as follows: ' , '. �----..
<br /> ; .,�...',:�:�.
<br /> _ � �'�:��� LOT FIVE (5), ARGO FIFTH SUBDIYISION, AN ADOITION TO ALDA, � , .�., ,-��
<br /> � � � �- HALL COUNTY, NEBRASKA � v----�
<br /> .. . ':��
<br /> • , , : ,', easements d hLS. rtvit es and appurtenanc�s _ .;��'`
<br /> Together witfi ail buitdirtgs.improvements.fbcWres,streets.alleys,PassagewaYs. , 9 P BS �:'_
<br /> . located thereon ar in aaywfse pertaiNng thereto.and the rents,issues and profits,reversions and remainders thereof,and such per- ,.�_-_
<br /> � sonat properry that is attached tn the improvameats so as to consUtute a fixture,IndudinQ,but not fimited to.heaUng and cuoftng equi� :,,X,��—
<br /> I��'S msnfi and together with tfie homestead or marital interests.if any,which interests are hereby reteased and waiveA;aii of vMtch.fidud- :' �,_
<br /> t,..,
<br /> _� ing repiacements and addiUons thereto,is hereby dectared to be a part o f t he rea l e s t e t e se c u r e d b y t h e l i e n a f t h i s D e ed of Trust and fi;,.,�. ., =��
<br /> � �� -`
<br /> � a0 of the foregoing being referred to herein as the'Propartyr. •�
<br /> � •• • This Deed oi Trust shall secure(a)the payment of the prinGpal sum and interest evidenced by�a romissory note or credit agree- �u�-_•
<br /> �.. � � . : .. mentdated JANUARY 9 1948 .havingamawritydateot JANUA�Y 9. 2003 '�'-s���
<br /> .. ...�.�,:
<br /> � in the odgina!pdncipai amount oi$ 15 035 50 .and any and all modiAcaUons,extenslons and renswals � ;.=�
<br /> � thereof or thereto and eny and ail future advances and readvances to Borrower(or any oi them ii more tAan one)hereunder pursuant -�_:
<br /> � to one or more promissory notes or credIt agreements(herein cafted'Note�;(b)the payment ot other sums advanced by Lender to � ,�;
<br /> . .. . ' protect the securiry o1 the Note:(c)the performance of a(i covenants anA agreements oi Trustor set forth herefn;and(d�all present and �
<br /> -"� � • 'r�� tuture indebtedness and obligations of Borrotivar(or any of them it more than one)W Lender whether direct,indirect,absotute or aon�n- �� r�.-
<br /> ' gent and whether arising by note,guaranty,overdraft or otherwise.Tha Note,this deed of Trust and any and ail other documerns that .
<br /> • secure the Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements and �.:�
<br /> � . assignments of leases and rents,shall be reterred to herein as the'Loan Instrumenb. �% •� •
<br /> • �� • � Trustor covenants and agrees with Lender as ioltows: .
<br /> . . 1. Payme�o!Indebiedness.All indebtedness secured hereby shail be paid when due. � "5''.•,, �,
<br /> � � • 2, Titie_Trustor is the owner oi the Property,has the dght end auihority to convey the ProDeRy.and warranis that the Iten creat . , .4;;
<br /> ' ed hereby is a flrst and pdor lien on the Properiy,except tor tiens and encumbrances set toRh by TrusWr in writing and detivered to . ,
<br /> � � � Lender 6etore executlon oi this Deed of Trust,and the execudon and delivery oi this�eed oi Trust daes not vlolate any contract or ' •
<br /> .,, . ,� •
<br /> • other obNgation to which Trustor is subject.
<br /> ' ' 3.Taxes,Assesaments.To pay before detinquency ail taxes.spacial assessments and all other charges against the Property
<br /> � ' now or hereafter levied. . . ° '
<br /> � �� 4.Insurance.To keep the Property insured against damage by flre,hazards included within the term'extended coverage',and
<br /> • such other hazards as Lender may require.In amounts and with companies acceptahle to Lender,naming Lender as an addi�onal
<br /> � named insured,with toss payabie to the Lender.in case oi toss under such pouc'ses,the Lender is authorized w adjust,colled and
<br /> ' � � compromise,all claims thereunQer and shal!hava the opUon oi apptying all or part af the insurance proceeds(i)to any lndebtedness . �
<br /> � � • secured hereby and in such order as Le^dar may determine.(ii)to the Trustor to be used for the repair or restoraUon ot the Property or , . . ._.
<br /> (iil)tor any other purpose or object sa�ssfactory to Lender without affecting the Ilen of this Deed of Trust tor the fuil amount secured ,
<br /> � hereby before such payment ever took ptace.My applicaUons of proceeds to indebtedness shall not extend or postpone the dua date . ..
<br /> • � of any payments under the Note.or cure any delauit thereunder or hereunder.
<br /> ' � 5.Escrow.Upon written demand by Lender,Trustor shall pay to Lender,in such manner as Lender may designate,sufflcient ..
<br /> � sums to enable Lender to pay as they become due one or more ot the tollowing:(i)all taxes,assessments and other chargss against .
<br /> the PropeRy, Qi)the premiums on the properly insurance required hereunder,and pii)the premiums on any moRgage insurence �. .
<br /> ,� . � required by Lender. in ood condition and repair;shall .
<br /> . 6. Maintenanta, Repairs and CompUance with Lawa.Trustor ahail keep the Properry g .
<br /> promplly repair,or replace eny improvement which may be damaged or destroyed;shall not commit or permit any waste or deteriora- ; . .
<br /> ' � ' � tinn o1 the Property;shall not remove,demotish or substantially alter any ot the improvements on the Propariy;shatl not commit,suEfer •
<br /> • or permit any set to be done in or upon the Property in violaUon o1 any law,ordinance..or regutation;and shail pay and prompUy dls- . .
<br /> � + charge at Trustors cost and expense ali fians,encumbrances and charges levied,imposed or accessed against the Property or any
<br /> . � . i part thereoi. �
<br /> " � � 7. Eminent Oomain. lender is hereby assigned alt campensation,awards.damages and other payments or reiiet(hereinafter
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