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<br /> `- °, �-,. D�ED OF TRiJSY!M7'H FUYOJl3E ADVANCES � �
<br /> ,. . � _ .
<br /> �� � <A=� THtS DEED OF TRUST.is made as otths I4TH day of JANUARY .19 98 .by and among� - �
<br />` � S D � �•n;�:,. '"�
<br /> �, tneTn,stor, STEVEN A TEC AN REBEGGA � STEG. ���SR�Nn ANn WIFE • ` :•�,,
<br /> . }:
<br /> , - (herein'Tnisto�'.whether one or more). ,.�5�`{ `.
<br />- whose maiting address is , -` ?,y;.
<br /> _ : }� � s�EY�_:
<br /> �_� � ;; meTn�ee FIVE POINTS BANK A NEBRASKA CORPORATION _
<br /> '� = whose maii[ng address is �.,n R(1x t�Z,, NE 68802-��n7 (he�e�+'Tn�stee7.and , '
<br /> � s <.
<br /> " � meeeneflciary. FIVE POIN7S BaNK - � � '�''�
<br /> '>-:-:-='. erein'Lende�. . �_.,
<br />- � . " whose maiting address is 2015 N___BRUADWELy �RAND I-S1ANQ, NF 68809 —(h .'�.�:
<br /> . � '►�`-
<br /> ,'•,�'. �, ��r�
<br /> . FOR VALUABLE CONSIDERATION,induding Lendets extension ot credlt identified herein to � ✓� -
<br /> . -_� � -
<br />.7..:. , � . ' erein'Bortower,'whether one or more)and the bust herein created.the receipt �a .'_�'a-'-'
<br /> � of which is hereby acknowiedged,Trustor hereby irrevocably grants,transters,comeys and assigns to Tnistee.IN TRtiST,WRH .'•�1�.
<br /> POWER OF SALE.for the benefit aad security of Lender,under and subject tu the tertns and oondiGons hereinafter se!brth,the real . " LL,,�.;.
<br /> � �' r n Z^ ---.-
<br /> . :•.,°: property descxiCed as foltows: • '��.�;
<br /> .� ;' �� � •��' LOT FOUR (4), REGENCY BY THE GREEN SECOND SUBDIVISION TO THE CITY OF GRAUD ISLAND, ;°�; �_
<br /> • HALL COUNTY, NEBt2ASKA. :���.; ,'��.�;�
<br /> .,.
<br /> . ' :�;
<br /> , - Together with all buiidings,improvemenis,fixtures,streets.alteys,passagewaqs,easements,rights,privileges and appurtenances _ .����:
<br /> iocated thereon or in anywise yertaining thereto,and the renta,issu�and profits.reverstons and nemainders thereof,and such per- ; :..:�.
<br /> =�- �. -' - sanai property tha!is attached to tha improvements so as to constltute a fix�re.induding,but not Hmited to,heatfig and coofin9 equiP '�
<br /> - -- menX and togeiher witl�the homestead or marital interests,if any,which i�terests are hereby released and waived;aU of which,inGud- �=:�--.-'
<br /> '. ',. . ...;-�
<br /> � Ing replacemenis and addiUons theceto,is hereby declared to be a part of the real estate secured by the Gen of this Deed of Trust and . ;r��-
<br /> ..{�.• � all of the toregoing being referred to hetein as the'Pr�perty'. � �����
<br /> �. .r 4.
<br /> �• This Deed ot Trust shall secure(a)the payment oi the princtpal sum and interest evidenced by a promtssory note or credit agrea- : "" �"
<br /> aF;:�'
<br /> � ' � ment dated having a maturity date of �'�=
<br /> .� � . .,� in Ure odginal pdndpal amount ot$ 100 02 _5t1 .and any and aii modiflcaUons,extensions and renewals ' _
<br /> � �� , . ° thereoi or lhereto and any and atl future advances and readvancas to BoROwer(or any oi them if more than one)hereu�Mer pursuant
<br />" ' • to one or more promissory notes or cred'R agreements(herein calted T1ate7;(b)the payment of other sums advanced Dy LenQer to .
<br /> , � - protect the securiry oi the Note;(c)the pertormance oi a0 covenants and agreements of Tnistor set fortA her�in:and(d)all present and .�;;
<br /> ' future indebtedness and obligatlons of Borrower(or any oi them if more than one�to Lender whether dired,lndirect,absolute or contirt- . .
<br /> ' gent and whether arlsing by noie.guaranty,overdreft or otherwlse.The Note,this Deea oi Trust end any and aN od�er documents that �'
<br /> � • •. �i secure the IVote or otherwlse executed in connectlon therewith,inGuding without limitation guarantees,security agreemenis and
<br /> ' � ``} ass+gnments o!leases and rents,shall be referred to herein as the'Loan Insbuments'. ,
<br /> �f _ � t Trustor covenants and agrees with Lender as fotlows: , ;
<br /> ', • 1. Payment oi Indebtednoss.All indebtedness secured hereby shall be paid when due. . .
<br /> ' � ' ; 2. T i B e.T r u s t o r i s the owner oi the Pro pe ri y,has the right and authodty to corney the Property.and warrants that fhe lien creat .
<br /> •• • ed hereby is a first and prior lien on the Properiy,except far liena and encumbrances set fortb by Tn�stor 1n wriUng and delivared to
<br /> , � � Lender batore execuUon oi thls Deed of Trust,and the execuUon and detivery of this Deed of Trust does not violate any oontract or
<br /> other obligatlon to whicb Trustor is subjecK. �. •
<br /> � ' 3.Taxes,Aasessmenta.To pay before delinquency all taxes,specia)assessments and ell other charges against the Proparty . .. �
<br /> . " � now or hereafter tevied. �
<br /> � � 4.tnsuranee.To keep the PropeRy insured agalnst damage by flre,hazards included withtn the term'extended coverage',and
<br /> '. such other hazards as Lender may require,in amounts and w3th companies acceptabie to Lender, naming Lender as an additional ,
<br /> � � named insured,with loss payable to the Lender.tn case o!loss under such pollcies,the Lender is authorized to adJust,collect and •
<br /> compromise,all claims thereunder and snaU have the option ot epplying all or paR ot the insurance prooeeds(i)to any indebtedness
<br /> secured hereby and in such order as Lender may determine.(ii)to the Trustor to be used for the repair or restoration oi the Properry or ,
<br /> . (iii)tor any other purpose or object saHstactory to Lender without aHecting the lien o!this Deed of Trust for the tull amount secured •
<br /> . hereby betore such payment ever taak ptace.Any applicaUons of proceeds to indebiedness shall not extend or postpone the due date �. ..
<br /> • � � - af arry payments under the Note,or cure any default thereunder or hereunder. . .
<br /> � 5.Escrow.Upon written demand by Lender,Trustor shall pay to Lender,in such manner as Lender may designate.suHlGent .
<br /> '`' � � sums to enable Lender to pay as they become due one or more ot the following:(i)aU taxes,assessments and other charges against ,.
<br /> �� '�• � the Property, (ii)the premlums on the property insurance required hereunder,and (iii)the premiums on any mortgage insurance ,
<br /> � ' � required by Lender. �
<br /> - � 6. Maintenance. Rep�iro and Compllanee with Laws.Trustor shaii keep the Property in good condition and repair,shall ,
<br /> ' prr�mptly repair,or replace any improvement which may be damaged or desUoyed:shall not commit or pertnit any waste or deteriora- .
<br /> '� tion of the Property;shatl not remove,demoAsh or substantialiy aiter any o1 the improvements on the Property;shail not commit,suffer I•
<br /> • • � or pertnit any act to be done in or upon the Property in violation of any law,ordinance,or regulaUon;and shall pay and promptty dis- •
<br /> �=�•:; � charge ai Trastor's cost and expanse ail Ilens. encumbrances and charges levied,imposed or accessed against the Property or any
<br /> , part thereof.
<br /> , � � 7. Eminent Domaln. Lender is hereby assigned all compensa6on,awards,damages and other paymenis or relief(hereinafter
<br /> �;: � y
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