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<br /> . � � no�pm�er .1997-byandamong �f.. . � ,� ..
<br /> �:, � ' • TEtiS DEED OF TRUST,is made as of the 3�.s�'� Y .. . -�,.'
<br /> - - . - _ � � ..
<br /> !` � theTnistor. Arnold C. t�enn and Linda C. Wenn, husband and ti�ife � ..���
<br /> ' '., � :�.;_
<br /> ,� ,. : •;..�, 2410 Overland Trail Circle, G�and isl��.��s�g�eroneormore). �p -. � ,,..�=
<br /> >, whose maiting addrxss is _
<br /> < .' '� � , meT� Five Points Bank, a Nebraska Corporation . � =—_
<br />;�'� , � � . .�`' Hrhosemailingaddressis P0 Box 1507, Grand Island, NE 68802 (herein'Tnutea',and -`.` -
<br /> . :
<br />. .:r:>:,r�: • _ ,—.
<br /> ° t `. meeenefidary. Fi ve Poi nts Bantc, a Nebraska Corporati on _
<br /> , �� � : P O B o x 1507, Grand Island, NE 68802 (h e t ein•�ende�. 4 ix-
<br /> > ...,: whose ma►Tmg$ddress is �,�--
<br /> �� � ' '• EOR VALUABLE CONStDERA7I0N,indudis�g Lender's extension of ccedit Identified hetein to � - ��
<br /> . � �;;�;t� Arnol d C 4Jenn and Li nda C t�enn husband and wi fe ;..�:<<�:�c
<br /> �' � (hereu�`Borrowar, whether one or more)and the trust herein raeated,the reoeipt ;: .1 :�
<br /> _ _ . , ,...:,;:', o�,�ich is here6y actmowtedged,Tn�stor hereby irrevacabiy granis. banslers.cnm►eYs and assigns to Trustea.IN TRUST.WITH ' ,*,�.�-:`.�,::°;'
<br /> ` �� POWER OF SALE,for fhe benefit and security of l.ender.under and subjed to the tertns and condiGUns herefiafter se!torth,ttte real ` • ' ,�,i
<br /> � ` . . propettydesC�ibedasfotlotvs: George Loan'S - �'="'m'
<br /> ���� " � Lot Six t6), Block One il) in � Subdivision, City af °�.;
<br />""�.� � _ . . _. Grand Island, Hall County, Nebraska. ;"'�3""�
<br /> .'���._
<br /> /� ti*�,
<br /> . � � '� Together with aU buiidings.improvements.fuctures.streets,aileys,passageways,easements,rights.prtvileges ana appurt�an-�es ' ,j �,'-
<br />.��';t, :... ' �' ' � located thereon or in anywtss peAaining thereto,and the renb,issues and Profits.reversions and remaindeis thereof,and such par- _ �,
<br /> � ` sonal properry that is attached to the improvems�nts so as to constiWte a fudure,induding,but not liaided to,heating and ccoling equip- _
<br /> ------• ----� me:t1;and togsther with fhe homestead ar marital interests.'rf any,which interests are hereby reteased and waived:att oi which,indud- _�
<br /> - • ' ing replacements and additlons thereto,is hereby deGared to be a part of the real estate secured by tAe lien of ihis Deed ot Tcust arnf . ,:��_
<br /> � aU ot ihe toregoing being refemed W herein as the'Propert�. � �•->'��_
<br /> This Deed ot Trusi shall secure(a)the payment of the pdncipai sum and Interest evldenceQ by a promissory note or credit agre� �,,,-
<br /> ment date d D e c e m b e r 3 1 1997 .havingamatudrydatsoi June 29, 1998 _ y=
<br /> � � extenstons and renawats � ,��.,
<br />, �,� ; in the original principal amount oi$ 25,000.00 .and any and all modiftcatfons, Y•.,;,,;,� _
<br /> s.:°:, ,r r thereo!or thereto and any and aii future advances and readvances to BotroWer(or any ot them ii more than one)hereunder pursuant �,<f1::�`.. —
<br /> �::� - to one or more promissory notes oc credit agteements(hereln cailed'Note�;(b)the payment of olher sums advanced by lender to ' ___
<br /> _�•. :_ : , protect the securily ot the Note;(c)the pedor�ance ot all covenants and agreements oi Tnistor set torth herein;and(d)ail present and ii
<br /> ' �'�'�,' future indebtedness and obllgaUons of Borrow�r(or any oi them if more thar�one)to Lenderwhether direct,indired,absolute or aor•:�,�- ��,;'.:%
<br /> � :; .,•:�,
<br /> , • gent anA whether adsir�g by note,guaranty,overdraft or othetwiss.The Note,this Oeed ot Tnist and any and all other documerRs 94�at :,-�,..._-
<br /> - secure the Note or otherwise executed in connection therewith,including without limitation gua�antees,secudty agreements and '
<br /> .�°' � � . assignments oi teases and renb,shall be referted to herein as the'Loan�nstruments'. : • . �
<br />� ." � Trustor covenants and agrees with Lander as foitows: ,
<br /> � � � : 1. Payment of ladebtedness.Afl indebtedness secured hereby shal!be paia when due. , �:;
<br /> � � ` 2. Title.Trustor is the owner ot ihe Property.has the�ight and authority to convay the Properly,and wanants that the 8en creat ,_ ;;=,•;.
<br /> •� ' � ed hereby is a first and prior Oen on the Property,except for liens and encumbrances set foRh by Trustor In wridng and delivered to � �. �•
<br /> � -� • � � Lender before executlon oi thia Oeed oi Trust,and the execuUon and delivery of this Deed oi Trust does nat vlolate any contract or .
<br /> ' ' - other obtigation to whicT�Trustor is subject. • .
<br /> • 3.Tasea.Assessments.To pay befare delinquency all taxes,speclal assessments and all other charges against the Property .
<br /> ' � . now orhereaiter(evied.
<br /> � 4.inauraaee.To keep the Property insured against damaga by flre.hazerds included within the term`extended coverage,and �
<br /> � • such other hazards as Lender may requlre,ln amounts and with oompanies acceptable to Lender,naming Lender as an addiUana) . .
<br /> � rtamed lnsured,with loss payabte to the Lender. fn case ot loss under such poticlea,the Lender is authorized to adJust,caltect and •
<br /> comprom�se,atl ctaims thereunder and shall have the option of app►ying ati or part ot the insurance praceeds(i)to any indebtedn8ss �
<br /> � secured hereby and in such order as Lender may determine,pi)to tha Trustor to be used for the repair or restoraUon o1 th0 PropeRy or �
<br /> . ' (iii)for any other purpose or object saUsfactory to Lender without aKecting the lien oi this Deed o1 Trust for the full amount secured .
<br /> ' hereby before such payment ever took plaoe.My epp8cations o9 proceeds to indebtedness shati not extend or postpone the due date '•
<br /> � � ot any payments under the Note,or cure any delault tt�ereunder or hereunder.
<br />° • � 5.Escrow.Upon written demand by Lender.Trustor sha0 pay to Lender,in such manner as LenEer may desigrtate,sufftcient
<br /> � ' .' sums to enabte Lender to pay as they become due one or more of tfie tollowing:(i)ell taxes,assessrriants and other charges agatnst . . •
<br /> � � the Property, (ii)ihe premlums on the property insuranoe requtred hereunder.and (iii)lhe premiums on any mortgage insurance � :
<br /> ' ' required by Lender. ' .
<br /> . � � � 6. Maintenance, Repairs and Complianee wltA Laws. Trustor shall keep the Property in good condition and repair,shait
<br /> . � promptly repair,or replace any improvement which may be damaged or desVOyed;shall not commit or permit any waste or daterlora-
<br /> tion of the Property;shall not remove.demoHsh or substanUally alter any oi the improvemonts on the Property;shall not commit,suffet
<br /> •t•�.`; � 'I or pertnit any act to be done in or upon the Property in violaUon of eny(aw,ordinance,or regulation;and shall pay and prompUy dis- .
<br /> charge at Trustor's wst and expense ail Nens,encumbrances and charges tevied.imposed or accessed against the PropeRy or any
<br /> . j part thereof. � •
<br /> ! 7 Eminant Qomain.Lender is hereby assigned all compensation,awards.damages and otner payments or relief(hereinafter
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