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<br /> • I" DEED OF T03U�Y��bTi�1 F6i'PtJRE AD1lA�lCE� :: �'�• �"'~;tr�``•=.
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<br />. 15th January 97 ,�a,��F��� � ` `
<br /> THiS DEED OF TRUST,is made as of the day of .19 .by and art►ong `_ tb-�';�-=
<br /> husband � wife � ` ���� �'�
<br /> Henry A Swanson & Carl a R. Swanson, �. .�� :�
<br /> the Trustot, �
<br /> O .�rn3�� �ivi}:'-�+-'._'
<br /> 411 N. Carey, Grand Island, NE eretnTnistor,whetP�aroneormore�, �' �'�`'����-����Y
<br />, whose maiing address is m � ;°°°-
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<br /> ..�.....:�i.f1�__"
<br />.;;:�;�:�, m�T�� F i v e P o i n t s B an k A-��,�-�
<br /> ..;
<br />` �, ' PO Box 15�07, Grand Island , NE 68802 �-+, ��_____ _ ' �
<br /> '��` �ahose maiting address is (herein`Trustee'�,and > ¢ •-.-
<br /> ��""s�'_
<br /> fim Beneficiary. F i v e P o i n ts Ba n k _ - �-���=
<br /> ' whose maiting address is 2�15 N. 3 r o a d w��!1 , G r�n d I s l a n d, �d E 6 8��3 (herein'Le�de�. � . . �°
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<br /> ' FOA VALU.LRLE CONSIOERATION,ir�ch�ing Lenders exter►sian of credrt identlfied herein tn ':',..,;,��•.. ^,��i•;�,
<br /> Henrv A Swanson and Carla R Swan�on - • '
<br />. .. . (herein°Bormwer;whether one a��rore)and the trust herein created,the receipt , .�;�;. �.
<br /> �. . . �J�whsch is hereby ac(mowte�jsd. Trustot hereby irrevocabiy grants,transiers,ou;aw$ys and 8ssigns to Trustee. IN TRUST.V11►TH •::°::..
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<br /> � ���; r-�WEp O�S�LE.far the benafit and s�curfty of Lendsr,under and s�,tbi�ct to tt�e terms and oor�'tions hereinafter set forth,ihe rea►
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<br />:,.x�;,����.s�,� {oroperty desscn'bed as foltow� ;`' .� ;
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<br />�F,•4�.�! Lots Thirty-seven (37) and Thirty-eight (38) , Belm�rt Addition ti.: ;3�� ��
<br /> � to the City o€ Grand Island, Hall County, Nebraska. ����
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<br /> Together w3tt�ali 6uGdings,improvements,fixtures,sVeets,alleys,passa9ewaYs,easemenb.�ights,priviteges and appurtenar�ces � ' ��•
<br /> located thereon or in anywtse pertalntng therefo,and the rents,issues and prafits,reverstons and remalnde�s thereot,and such per- .;��A'�
<br /> sona�pro�►eAy fhat is ettactied to the improvements so as to constitute a fixwre,inGuding,but no!limited to.heating and 000ling equlp� �f:,, �
<br /> F►
<br /> mer�er�d together with the homestead or madtal interesta,if any,which�nterests are hereby released and watved;a11 of which.tnctud- °re�•,
<br /> � (ng replacements and adQ'�ions thereto.is hereby dedared to bs a paR of the real estate secured by the Uen of 4his Deed ot Trust and ..�;__ _
<br /> aU of the foregoing being referred to here(n as the'Properl�'. - � ; . .�'�� '
<br /> ' This Qerd o1 Tnist shall secure(a the payment of tha principal sum and(nterest evidence6 by a promissnry note or credtt agree- ----------
<br /> �• �:
<br /> '•� msntdatecl� Jdnuarv 1� 199� .hav(ngamamdrydateof October 10. 1997 - "�"""°�`�
<br /> �- � . ..
<br /> .,. _ in the origina!p�inc(pai a�ount of$ 12,0 5 0.5 0 _ ,and ary and all mod"rflcauons,ext�nslons�nd renewats
<br /> � theraol or thsreto 8nd any and all tuture advances and�eadvances to Botrower(or any of them if more than ar�o3?eareursder pursuani �°,,.T,I�.�_
<br /> t o o n e o r m o r e p ro m i s s o ry n o t e s a r c r�d i t a g r e e m e n t s (h e r e i n c a ft e d'Not e);(b)tha pa y merd of other sums a�anoed by Lender tu -- : -,w�.,,�,,,;
<br /> protect the securfty of the Note;(c)the peAormance of all covenanis and agreements of TrusWr setlaAh hereln;and(d)all pre�at snd ,�� _
<br /> •.`~�' f u t u r o t n d e b t e d n o s s a n d o b l i g a U o n s o f B o r r o w e r(o r e n y o t them H more than one)to Lender whetRs�Cirect,Indircct.absolute ozaxn8rr = -- . ��v ` _ _
<br /> , gent and whether artsing by note.guaranty,overdraft or otherwise.The No t e,tl'►1 s Oe�d o f T r u s t a n d an y a n d e i l o t h e r d o c u m er.� tl�at -'°�;�'`'��" ^�•:;: -,
<br /> secure tt�e t�ote or olherwise ex�cuted in connecUon therew(U�. inctuding withouT�imttation gua�antees.secudry agreemen4s end •�s-= � ��,�t�;..
<br /> ', asstgnm9nts of leasea end rente,shall be referred to hereln as the°Loan tnstiumentg'. ar���-���-_
<br /> ' Trustor covenants and agrees wiCe�,�ender as follows: ` ���;
<br />' � 1. Pab�nt of lndsbtednas�.A!�i�labtedness secured hereby shatl be paid when dua. �:��'��.�G;'. . _
<br /> ' . 2. TiiW.Trustor is the owner ot the Properry.has the dght and autharity to convey the Propar4yr,and warrants that the Gen cteat ;,1••.., __ ,
<br /> � ed hereby is a first end pAor lien on the PropeRy,exosyi for tiens and or�cumbranoes set foRb by Trustor in wrriUng and defri�zed to �,.•7,��.���;� • .
<br /> Lender betore execuUon a7 thla Deed o}Trusf.and the execuUon and dslivery ot Mis Oeod of Trust does noi violate arry cor�act or Y
<br /> :
<br /> • other obflgaUon to which'T�u..^'�or is subjeet -�-�-
<br /> � . 3.Tax�s.Assassmento.To p2y I�f�•�e delinquen�yr all taxcs.:I�ecial assessments and a[I oher charges agalns2 the Propedy �/'"��`!_
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<br /> now or hereafter leviad.
<br /> • 4.tnsuranc�.To tceea the Property insurod again�t damage by 5re,harards inctuded w'.�;:�:�term extended coverage'.and �.,,;.;,;;9,:?�' '
<br /> su�h hazard9 as Lendcr i�}�requlre, in amounb and vrith campan►es acceptaC'�to Lender,nar:rr,g Lender as an add'rtionat named - _
<br /> � ' ��sured.wiUi toss pay^.Cle-�t���e Lender.In case of lose undsr such policies,tCte�r�Cer is authorized to adjus�ool{ect and campro- '
<br /> ',;.t .:'� �- ��_.
<br /> mise.atl claic^s the�eur.C�r d,d shall hsve the opUon oi applying all or part of t�Y:e i�nr•�rance�ror.zsds(i)to any indebtedness se�ured �`'T�;:�:�_..�.;
<br /> ' hereby P�;�r�•such order as Lender may determine, ii to the Tna�r tn he used tar the repa;r or�1a�toratlon o1 the Property or(iil)tor =�=Y�_��"�V�.�:=•,
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<br /> ' . any other r�r;�cse or etiect satlsfaecsno r,o Lender withaut aHec'.��g ti�a tten of this Qeed of Tru�"ar the tu0 amount secured hereby �,:.�._;.:.1_,. .
<br /> �� betore sucn payment avar asak place• My appltcaUons o}proceeCs to indebtedness shail not ex:end or postpone the due date ot any .•�••'3`�d;••-•.-•-_.
<br /> ,'.._:��:�,. ...`�..�._:.
<br /> �yments under the Mus:�r euro any de}auit thereunder or hereunder. ti,.._,:.�. ,,�! •
<br /> 5.E�erow.Upan��r�tLn damand by Lsnder,Trustee shatt pay tr��eader,in such manner as Lender may deslgnate,sufficient „`,`x.��;,�,,,,,, _
<br /> .� sums ta enabte Lender to y;ay as tPse�r beoome due orre or more at uic�t�s5awing:(i)ail taxes,assessments and other cl�arges against - .
<br /> the Property,(ii)the premiums on the property insurance required hQ�anssder,(iii)ths premiums on any mortgago insur¢nce required by .
<br /> . Lender. •, . , L
<br />' , 6. Maintenance,C{epalr8 and Compltance with Lawa.Trustor shall keep the Property in good condiUon and repair, shalt • '� °�,: .. =.:.- _
<br /> . prompUy repSir,or replace any improvement which may be damaged or destroyed;shall not commit or pertnit any wasto or deteriora- ....�,._�
<br /> Uon ot the Property;shail not rerreove.demofish or subslanUalty alter any of the improvements on the PropaAy;shatl not commit,suNer
<br /> or permit any aci to be done in or upon the Properly ln violaUOn ot any law,ordlnance,or reguiaUon:and shall pay end promptly dis• . ;
<br /> . charge at Trustors cost and expense all liens,encumDrances and charges levied,imposed or aooessed aflairtst the Proporty or eny
<br /> - - pa�i ihefeof. -. --
<br /> . _. _ __
<br /> � 7. Eminan!Domain.Lender is hereby assigned ali compensation,awards,damages and other payments or refiet(hereinafter ,.
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