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<br /> . DEPcD OF'�RUST lNiTH Fd1TURE ADdANCE� :..�..`.;,�;-�p-;:',:�•;,.
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<br /> THIS DEED OF TRUST,is made as oi the 17TH day of JANUARY ,19 97 _by and among �a ' .. �=���,__
<br /> . � r.t�;�'�' � , -
<br /> theTrustor, STANLEY L. SCHEER ANO LAURIE SCHEER, HUSBAND AND WIFE Q ���`II•
<br /> whosemaitin address(s 4312 CIAUtcEN 0 D t; � -
<br /> 9 R�o RAND Ic�AND, NE 6R80� (herein`Tcusto�'.wha1heraneor�r�ore). \� .�,.��� � � __
<br /> ,;,�r.
<br /> the Tn,stee ��v,c�P-l�.�N.�S �41l�� -'�'` '� � , - --
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<br /> '�P�`�:"��.-
<br /> whasemailingattdressis P.O. BOX 1507. GRAND ISLAND NE 68802-1507 (Pierein°Tnutee�,and �::,`._��� -:�_
<br /> me esneficiary, Frvc anT �F�- '�T' - -
<br /> �.TS Bnr�K - = -_�.... :�.
<br />_ ��;�.
<br /> .'` whose mailing addcess ts 2015 N. BROADWELL, GRAND I S LAND NE 68801 ���-�8�.
<br /> :-�'
<br /> • FOA VALUAHLE CONSIDEAATION,irtctuding Lender's extension of cred'd Identified herein to ;�� �. � �� �1'�.
<br /> cietu�rv i crucro nNn i nnn ,f� �t'�,';'��'`�` '
<br /> ,,.o--�..o,.�SGkl�€€R-,-#i����44��lNB W��E .:...�....
<br /> Iherein"Barrawer,wheiher one or moro)and the trust herein created,the receipi
<br /> . of which Is hereby acknowladged,Trustor hereby irrevocabt�grants, transters,oonveys and assigns to Tnistee. lN TRUST,WITH �;��,�,
<br /> . � POWER OF�ALE.for tha benefit and securfty of Lendsr,under and subject ta Yhe terms and oondtrions hereinafter set toM,H1e real `' �,,�:; ..� i�;�;: :�
<br /> property descn1sed as tolJows: `,� , --
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<br /> � �� LOT SEYEN (7�, �IiCK YOSS SUBOIVISION, BEING PART OF THE WEST HALF OF THE �. '�: -��:� :� ;.,.
<br /> : SOUTH�JEST QUARTER (!JI/2S�JL/4) OF SECTION TWO (2), TOWNSHIP ELEYEN (11) ��i�43�.' 'J`•.. !'` �� � .
<br />� ti.,a Hr..-�rr� ..
<br /> ' �� NOATH, RAN6E TEN (10), u�EST OF THE 6TH P.M., IN HALL COUNTY, (��Bt2ASKA. •� =�.� � '- �`f•�'::�`_��
<br /> ' >1 Togethar witl��[16�Idirtgs,improvemerns,f,�:v..^as.sheets.aiteys.Passagc-�r�ays.easements,rigfits,prn-T.ages and appuRenances s;�`,�"'
<br /> �'•t. lacatad fhereon or I�e ati ?��:�.. .
<br /> ywtse pertaining thereto,aRd the cents,issues and�Sts,revers'sons and rerr�n�ers thereof,and such per- �;��,� --
<br /> sonai property that ks attached to V:s emprovemants so as to constitute a f+Mure,inctuding,but not Iimited to,heatfig and oaoitng equi� �'�`� `�
<br /> ' men�and togather wltb the homestead or marital interests,if any�whtch interests are hereby released and waived;all of whkh,Inctud- - r ' ;�;�-.,
<br /> �' ing repta�mants artd additions thereto,is hereby dectared to be a paR oi the real estate Eecured by the lian of this Oeed of Trust and
<br /> � { a0 of the foregotng being retemed to herein as the'Property'. �
<br /> � �' �'�is Deed of Trust shali secure(a)the psyment of the pdncipal sum and tnterest evtdenced by a promissory twte or cwdit agree- � �r..
<br /> ment dated JANUARY 17, 1997 ,having a maLufiy date oi_ OCTOBf.R 17,,,_,1999 =��' �+--��=='-•
<br /> in the cr: 'nal rinci al8mount o}$ - ��
<br /> 9� P P —Ap35 �i� , and any and ail modiiicaUons extenslons and renewals
<br /> � thereot or thereto and any and a11 future advances and readvances to Borrowar(or arry of them if more than one hereunder ursuant �;f,:."','_�
<br /> •',��� ' to one or more promtssory notes or credit ao ,.�s{here(n called°Note�;(b)the payment o1 other s�.�ad�vanr,�ed by Lpender to �- � � .: -•�_=-
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<br /> ' pro2ect fhe secudty ct!�r�Note;(c)the pedortn�.�ae�t a0 oovanants and agreements ot Tnistor set torth he��.n;end��a11�.uesent end '°'�—
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<br /> , future indebtedness aad obitgzticns ot Borrower{or any of them if more than one)to Lender whe�er direct.indirect,absa''r��flr contln- --:
<br /> , gent and whethef adsirtg by ncte,��aranty,overQraft or oiherwlse.The Note,thls Deed af Trr.,-i and any and all offier dn�urr�nts that �
<br /> secure the IVote or othemiso e.�:�,^uted In connection therewlth,incfuding�v.'�,put limitaticn guaranteas,secudty agreements and ---
<br /> , assfgnmenb ot leases 2nd rents,shali be reterred to herein as the`Loan tn�-.�.
<br /> , Trustor oovert�m-a 3nd agrees with Lender es tollows:
<br /> 1. Payrtront c14�'Je��Od�esa.All indebtedness secured hereby sha!1 he��id�vhen due. .��.:.•=,.:•�.:�:��--`—`='=-
<br /> • 2. '�itte.Tnistor is the owner a1 the Property,has the dght�oi authority to cortvey th�t�raperiy.and warrans that rr.�Ilen creat- '�" '°�-•• �• : ', �
<br /> ed Aere is e frrst and dor lien c�the Pro -�����-�=
<br /> . bY P peRy,excepi for lier�s and encumbrartces set torth by Truslor in wriUng ar��;livered to ���,__
<br /> Lender before execuUon o!this Qeed o}Trust,and the execWon and dellver/o!thls Deed ot Tnist does rflt vtdate any contract or ,�r=.'"�j�;'"'�
<br /> other obllgaUon to wtsur2►Tmstor ls subJect. . ;�r :I�Y�.
<br /> 3.Taxes,11�r.ec�Fr.sents.To pay before defin ue p � . ,- . �'�"'�'"'�"'��� '
<br /> q ncy all taxes,s eciaf�s�essments and all other d :.:ges against the Property •�°3:��a��_•�y,'
<br /> " now or hereafter tevle�. ' ,�.i;;;_•,�.•_. : ..,�.;.:
<br /> , 4.tnsurancs.To keap U:++��q;zrty insured egainst dama�by flre,hazaMs inctuded�:iC�in the term•extertded coverage".and ��`���°t�`r.`�:'�,w�:.'��'--��
<br /> Y�'ari:�. •��. '•i�
<br /> such hazards as Lender ma y tn amounts and with com,qn.^��s accepfahte to Lender,naming Lendar as an additlonal named ',7�i1�,�.
<br /> • insured,with toss payabte to the t�n�er.In case of toss under s;ran policles,tdx�Lender is authodzed co adjust,oollect and oompro- ���'!�"�
<br /> mise.all ctalma thsrec�r�Qer and sha1l have the opUon of applying�.1;�r;�art e6 C'a3 insurance proceeds()tm r:,�y indebfedness set;ured =_';,�.; .��•�"
<br /> hereby and in sucl�cr�t as Lender may detertnlrre,(ii)to the Trustor to be used for the re air or restor�;::,c�o!the Pr '- �°+� °'�''��-
<br /> P operty or(iiI)tor ��;u:�, .` _.;�::, .}"�=.
<br /> any oJ�er purpose or object sattsfzctory to Lender wlthout aNecDng the Aen o}this Oeed of Trust for the:n;f amoant s�csed hereby •;d"" "�`��`
<br /> befaro.s�ch a ent ever taok iaoe.M '. `�iS;� •
<br /> m ` P Ym P y applicaUona of pracec�ls to Indebfedness shall naY extend or Gcs�ene tfte dUr_ctate of eny - �,���s'`-*s��!�•� _
<br /> pay errtsunderthelVote,orcureanydefauftthereunderorhereunder. �:::.��},,,__ ,..,�;;,�� , :
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<br /> 5.E�crow.Upon wdtten demand by Lender,Trustee shatl pay to Lender,in such manner as Lertder r.;y desigr�ate,s�ent � - •• C...;rk;.
<br /> - sums to enab:e Lendar to pay as thsy become due one or more o!the tollcwing:(i)all taxea,assossmants�.,-sd other charges agalnsi ^` �
<br /> the Properly,(li)the premiums on the property insurance requlred hereunder,(iil)the premlums on any mortgage Insurance required by � -.°�'- -��:� '•
<br /> Lender. • ' '
<br /> . 6.Adalntenancs,Repalro and Compltanca w(th 1.�ws. Trustor shaU keep the Property in good condiUon �nd repalr, Shall ��'�`�`�� �-
<br /> prompUy repair,or replace any improvemant whtch may be damagod or dastroysd;shall not commit or permit any uvaste or dateriora- '- � � �'
<br /> Uon of the Pro • ' �=�` ~
<br /> perty;shall not remove,demoUsh or sutistantialty alter any o}the improv�emenis on the Property;shall noi oommit,sufter .
<br /> or permii any act to be done in or upon the Property in vlotation of any law,ordinance,or regulaUon;and shall pay and prorr�Uy dis- � ' � '
<br /> charge at TrustoYs oost and expense all liens,encumbrances and chargas levfed,imposed or acoessed a inst the Pr � -`.- `�'i�.�;^ —_
<br /> part thoreof. 98 oPerty or anY . .. z •
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<br /> 7.Eminent Domafn.Lender Is hereby assigned all oompensaUon,awards,damages and other payments or relis!(hereinafter ' �
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