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<br /> -_ -- . DEED OE TRUST WfTtl FUTUttE ADdlANCES ,.c� .-� � -�
<br /> _ � _ . ��.
<br /> - ' THI5DEEDOPTRUST.ismadeasofthe 23RD �of JANUARY .19 98 .byandamartg _ :.c:'1 t',� �.r�':;.
<br /> � -. �. � ALVIN L. GOSDA ANAD CYNDIA L. GOSDA HUSBAND ANO I�IFE � `.,.. ��,�Q��w`t.4 ..
<br /> Me Tnisto.
<br /> o .. .� ,�..t�.;..-
<br /> � whose mailing address is 2916 W 17TH GRAND I S LAIJD NE 68803 (herein`Trustor,whether one or more). -
<br /> - � , me7n,stea FIYE POINTS BANK, A NEBRASKA CORPORATION R.�:�-,;-�,.:_
<br /> s..� �..;
<br /> ' � , (he�ein'Tns,tee7.and ---
<br />- � whose maTng address is P OX 150 G 0 ISL ND NE 68802 ;,.'�-_
<br /> "" F VE POINTS BANK �-
<br /> . . the Beneficiary, �-LL
<br /> erein'Lendet�. '�;'�-
<br />��� � � � - wt►osemairn9addressis2015 N. BROADWELL AVE. GRAND ISLAND NE 68803 (h . _ .:-,-`�--
<br /> �;�.
<br /> � " FOR VALUABLE CONSIDERP►TtON,induding Lenders extension of credit identifiad herein to ::�_,,Fr_
<br />� ' � � �.� ALVI L. GOSD AND YNDIA L. GOSDA . � <<i:'
<br /> ' • x•: (herein'Borrower;whether one ar more)and the Wst herein aeated.the rece�At
<br /> } ' � ._ ,�- oi wtiich is hereby acknowtedged. Tnistor hereby irrevocably grents.transfers.convays and assigns to Trustea.IN TRUST.VI►tTH ,..-- ���_:,
<br /> � POWER OF SALE,for t he bene fi t an d s e c u ri ry�f L e n d e r,u n d e r a n d s u b j e c t t a t h e t e r m s and condiUor�s hereinafter set forth.the real � s'?��°
<br /> _ . propeRy descxibed as follows: �-' '' '�:'.:=:'�'"
<br /> � � LOT EIGHT �8}, BLOCK THREE (3), KERNOHAN & DECKERS ADDI7ION, CI7Y OF .'; :���,;�„�-
<br /> � � GRAND ISLANO, HALL COUN7Y, NEBRASKA, EXCEPT A CER7AIN TRACT OF LAND ; ;��-�-,
<br /> � � OESCRIBED IN DOCUMENT RECORDED IN BOOK 66, PAGE 81 � _
<br /> e� .r
<br /> I Together with aii buildings.improvements,factures,streets,alleys,passageways,easemenb,rights,pfiriteges aad appurtenances �'.
<br /> - located thereon or in anyw is e p e r t a i n i n g thereto,and the rents,issues and profits.reversions and rematnders thereof.and sucb Per- .�. j
<br /> ' sonal propeRy that is a2tached to the impravements so as to constitute a fixture,inctuding,but�ot fimited to.heaating an d cao png equ i� ., ,:`;=�``'
<br /> e
<br /> - - � ��� -- � menk and together witfi the homestead or marital interests,if any,whict►interests are hereby released and waived;all of whtch,inaud- _
<br />- - , ,= ing reptacements anA aCditions thereto,Is hereby dectared to be a paR of the real estate seCUred by the lten af this Deed of Tntst and -�,.
<br /> �, . . all of the foregoing bsing referred to hereln as the'Properl}�• Y p _ ��1
<br /> ' This Deed oi Trust shatl secure(a)the payment of the p�1��P having a matudty Aate of FEBitUARY P�3,�1998 r�it agre� �:
<br /> _ _. � _� mentdated JANUARY 23 1998 _ _ _ __:_'�-`
<br /> , ��' �• in the origlnal pdncipal amount ot$ �nn n�F F� and any and all modificaUons,extensIons and renewats _
<br /> � thereo!or thsreto and any and all tuUsre advanc�s and readvances to Borrower(or any o1 them if more than one)hereundar pursuant Y��
<br /> � to one or more promissory ootes or credit agreements(herein calied'Note'y;(b)the payment ot other sums advanced by Lender to
<br /> . �,
<br /> , _� • pro�ect the secutity af the Note:(c)the pedormance ot all covenants and agreements of Trustor set torth heretn;and(d)all ptesent and
<br /> � • future indebtedness and obUgations of Borrower(or any of them H more than one)to Lender whether direct,indired,absotute or conUn-
<br /> �, gent and whether adsing by note,guaranty,oveMraft or othen+vise.The Note,this Deed ot Trust and any and all other documetrts that .
<br /> �.•+ � • ' secure the Note or otherwise executed in connection therewith,including without Iimitation guarantees.securiry agreements and
<br /> assignments of leases and rents,shall be reterred to herein as the'Loan Instruments'. � � •
<br /> -• �-- -- -•-- Trustbr covenants and agrees with lender as foltows: _
<br /> `•.; . . 1. Payrt�ent of lndebtedness.All indebtedness secured hereby shall be paid when due. _
<br /> � � 2. YWe.Trustor is the owner of the PropeAy,has the riaht and authorlty to wnvey the Property,and warrants tha!the Uen creat
<br /> �� . . � ed herebetore e ecution oi this Deed of Trust a d the execuNon ana aeiN ry o1 th�is Deed of Trust�f not violate any cantracf or •.•.i. ' •
<br /> Lande
<br /> ' � other obligation to which Trustor is subJect.
<br /> 3.Taxes.Assessments.To pay betore delinquency all taxes,special assessments and all other charges against the Property .:
<br /> � now or hereafter levied.
<br /> • 4.Insurance.To keep the Property insured against damage by fire,hazards included within the tertn'extended ooverage',end
<br /> ' such other hazards as Lender may require,in amounts and with compantes acceptable to Lender, naming Lender as an addiUonal . ,
<br /> � ' named Insured,with toss payabte to the Lender. In case ot toss under such poiicies,the Lender is autharized to adjust,collect and .
<br /> � � compromise,atl ctaims thereunder end shatl have the option of applying all or part oT the insurance proceeds(i)to any indebtedness . .
<br /> �� � secured hereby and in such order as Lender may determine,(ii)to the Trustor to be useA for the repait or restoraticn oi the Property or •
<br /> ' ' . (iii)for any other purpose or obJeci saUStactory to Lender without aNecting the lien of this Deed of Trust for the tuil amount secuted .
<br /> hereby before such payment ever took place.Any applicaUons of proceeda to indebtedness shall not extend or postpone the due date
<br /> ot any payments under the Note,or cure any defauii thereunder or hereunder. •
<br /> � • 5. Escrow.Upon written demand by Lender,Trustor shall pay to Lender, in such mannet as Lender may designate,suffiGent
<br /> ' � � sums to enable Lender to pay as they become due one or more of the tollowing:(i)atl taxes,assessments and other chatges agalnst
<br /> �' � ' the Property, (ii)the premiums on the property insurancs required hereunder,and (iii) the premiums on any moRgage insurance
<br /> required by Lender. •
<br /> � � 6. Malntenanee, Repai�s and Complianco with Laws.Trustor shall keep the Property m goad condition and repair; shall
<br /> :��.;..� '. promptly repair,or repiace any improvement whlch may be damaged or destroyed:shall not commit or permit any waste or deteriora-
<br /> • Gon of the Property:shalt not remove,demotish or substantia8y aiter any of the improvements on the f'roperly:shail not commit,suHer
<br /> or permit any act to be done in or upon the Property in violation of any law.ordinance,or regutatlon;and sha0 pay and promptly dls- •
<br /> charge at Trustor's cost and expense all liens,encumbrancos and charges levied,imposed or accessed against the Properly or any
<br /> - � part thereof. .
<br /> � � 7 Eminent Qomain.Lender�s hereby assigned aii compensat�on,awards,damages and other payments or reiief(hereinaker f� .
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