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<br /> DEED AF TittJST WITH�UTURE�1DVANCES � . ,- ; ,��� .
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<br />. THiS OEED OF TRiJST.is made es of tha 1�Lf�daY of Jan�ary .18 97 -by and among '` '::✓�:,':�•� :� �-
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<br /> the Tnistor, St2phen F Vaughn and Lcri K Vaughh husband and wife � ,�:�._ �_
<br /> _�T�i-,'r••- :-:--- —
<br />� whose rr,ail'ing address Is t�8 Portderosa Court,. Crand island. NE 6ti8QQerein Tn�stor,whether one or more), � �• � �a -����'
<br /> L'IA.'.••••:
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<br /> theTrustee �ive Points BanEc a N��Paska Corr�orat€on __ ;�'�.x:�_A�:='-�--
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<br /> ���"s:-
<br />' yy}tpsgmelling�dder3sS1S � A Rex tSA7� ['oro-cl Iclanri �li�AA9-1Cm7 (heie{n'T(ust@e'�,Stid .,';'�'`.,:;:��s"�-.
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<br /> FivA l�m"nntc Q^ek +;..�:.,%•_%���---_
<br /> the Benefu�ary. r'-�""-•`"�'"`a"� -
<br /> � whosemaiiingaddressis 2015 N. Broad�srell Ave., Grattd lsland, N� 68803 (herein•3.ender°�. .. :`j,�r��s
<br /> FOA VALUABLE CON3IDERATlON.InGuding Lenders extension of credit iden5fied herein to�.tep��^ �- Vauyhn �.��'-r ��--
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<br /> � "��_:, ��:.
<br /> (hersfn`@orrowes,"whetJ�er one ar more and the trusi herein creatSd,t�receipt ----
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<br /> of whtcb is hereby acfinewfedged.Trustor hareby Finava�bly 9rants,transte�s,caa�r�YS and assigns to Tmstes.IN TRUST.UV(TH ' .� ,.s. ',1 ,:;;,
<br /> POYYER OF SAl.E.tar the benefit and security of I.;�r� �ndar and sub ject to the tarms and oonditions herefrcafter set forlh,the real �'`�' �;
<br /> properiy described as bllows: £"�.� ,�, �.�-_
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<br /> " Lot Seven (7), B!�!c One tt), Pondc��asa�Estates 7hird Subdivision to the City of �-����>'"
<br /> ' �rand Island, H�3U County, Nebrask�. � � �•� f'J�y"
<br /> � '��s: ;4;.:.,:�; .
<br /> .��;� Toge2her wiU�al!6uitdings.improvements.fixtures,sueets�aileys,Passa9ewalfs.easemenis,rights.Prrvilegss and appurtenances ' ;Y'�!►„�_:;` - '_"_;
<br /> located thereon or in anywise Dsrfalnirt�thereto.and the rants,tssues and proflts.reverstons and remairMers thereof,and such por- ,.. ,�' • ��..::-
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<br /> z sonaf Pro�erA►that is atteched to the improvements so as to canstltufe a ftxture.induding.6ut not limited to.headng ar�d 000ting equip- "� r:F._;.:__`__.
<br /> � I menk and together with the homostead or marital interests,if any,�vhich interests are hereby reteased and wa�+cEd:aU of whtch,includ- � .
<br /> 5 ing reptacements and addiSons thereto,is hereby decfaied to be a part of U►a real estate secured by the Ilen ot cMis Deed af Trust and � ' 4j��
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<br /> ' � aU of the toregoing being refeme�f to herein as the'Property�'. — , --- ±�. :.•
<br /> T h t s D e e d a f T r u s�t s h a l l s e c u re(a)t h e p a y m e rt t o t t he pdnct p a l sum arM IMerest evidenced by a prom�sory note or credt a�ae- .--�"----'+ -�� : ---
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<br /> R{enY deted Jan��arv 1 ti 19A7 .Ik�►Vlf►g a metUrlty d3t8 Of ..,,,,,,..�_.rj,,_.,_�_.- � J ,__
<br /> : �._ : :
<br /> �`r in the o�iginal princfpal ar:�asa�!o!$ aS,020.50 and arry and all modiflca8ons,e�Gec►sbns and renewais �� .=�� �, `;,
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<br /> •'S Qh3te01 Of thefe2o 8nd ariy s�811 tutufe advatlCe9 BsTrJ cf.advanCes to 60ROw8f(Or any ot them lf mOf9 tt18n o�Z I:ereunder pursuant �'-�`°'_,
<br /> = w ana or more promissor�natas or credit agreemer.��hereln called`Nate�;(b)the payment of ather sums advanced by Lender to �'---..� _- -_-�---
<br />' �•; pratect the seaac.�:ty of the Note:(c)the pedormance of atl covenants and agreomenffi of Trustor set toRh hereln;arxl(d)al1 present end - y --�-
<br /> ' i tuU�ce(ndeb'�and obllgatlons of Borrower(or aTy ot U►em if more than one�to Lender whether dlcect.Indlrect.absohrte aa oa�n- • • _
<br /> '{ � �:�. :t.. ._�3-.a�:Z.1-.__. �_
<br /> , gent end whether arising by note.guaranty.oveNraft or otherwlse.The Note.this Oeed ot 7rust and any and e11 other documenb that . .�-.,:.-_ - _�.- . N.....
<br /> �. a secure the Nofe or otherwise executed in connectian c,�+erewith,including without flm(taUon guarantees,secudtyt agreemonts end �� ° - -___
<br /> asstgnmesrts of feases end rents.sha11 be referred to R�rt�n as the'Loan Instrumenta°. - -
<br />: �; Trustnr r�c,venants and agrees with Laetder as fe:�:o�+vs: - - __.�
<br />_ F 1. Ra�tctent of�ndeb�Sn�d9.AI!trn::c�'adness secured hereby shall be patd vfien due. ---_____ -
<br /> �' 2. T l t l e.T r u s t o r i s t h e o w n e r o?t h e l�. e h a s t h e d t and autho to conve the Pro e and warrants that the lien creat- "'���_°-
<br /> . "3A �Y� 9h �Y Y P nY. ..�• - :
<br /> . j ed hereby is a first and pr'r�-lien on the Property,exo�t for Iiens and encumbrances eet tonh by Tnistor In�a�rWng and dethrered to .:`','���.'"� ��:
<br /> � L en d et b e fore ex e c u t l o n c f t fh l s D e e d o f T r u s t,a n d t S�e x e c u t i o n a n d d e f i v e ry o 1 t h i s O e e d o t Trust does rot�cotate an y contract or A��
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<br /> other oWigaUon to which Tn�star is subjec�. � •� ti
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<br /> 3.TaYes,Assasrtwnta.To pay betore delirequency all taxes,speclal esssssments and all other char�2s against the Property _ ��,Lf�_`
<br /> � now or hereafter levted. �..-��?,-_�'�;;';;
<br />� -� 4.tnaurana.To keep tha Pmperiy insured against damage by flre,hazards inctuded wlthin the term•extended caverage',and � '_`'i'� _
<br /> . aucb Aazards as Lend�r rtsay require,in amounts eer0 with compantes accepi3ble to lsnder,naming Lender as an additional named �,,,,,R:.,.�__
<br /> insured,wfth toss payaCC�Eo the Lender.In case a1 ia�s wder suct�poucies,th�LAnder ls authorize�to edJust.coltact and oompr�o- _ _ .-�._.---�:��r;:_
<br /> mise,eIl ctaims thereundev and shall have the option o'a.pA�Yi�9��ar part of the InSUrance praceeds(i)to ar+y Indebic�ess secured '"Y'"'�'�""�- ����
<br /> hereby and in such order as Lenda�may detem►ine,(ii)to the Trustor to be used fw the repair or restoraUon of the PropeRy or(ii�tor ��_�_
<br /> any other purpose or object saUsfact�r�to Lender without affecting the lien of thls Oeed of Tn+st for Ute tull amount se�red hereby '��'
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<br /> � befors such payment ever took ptace.k.^.�appllcations of proceeds to indebtedness shall noi extend or postpone the due date oi any ,���;: • , --
<br /> payments under the Note,or cure any detault thereunder or hereunder. • . , __
<br /> 5.Escrow.Upon written demand by Lender.Trustee shall pay to Lender.in sucb manner as Lender may designats.sufficient , � ,_,__.
<br /> . sums to enable Lender to pay as they 6eoome due one or more of the folfowing:(i)atl taxas,assessments and othe►charges agalnst , ,���.-��;.;;:;_ �A_._,
<br /> . the PropeRy.(i�t9�e premlums on tho praperty insurance required hereunder,(iii)the premiums on any mortgage insurar�co required by ,"� == �_�'�°
<br /> Lender. . -"�:TM.�.�F
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<br /> � 6. �9atMOt�nr.e.Repalra end Compfiar►eo vfftPi lativ�.Trnstor shall keep the Praperty in gaod oondiUon and repair,shalt __ _ . �
<br /> promptry repalr,or replaoe any improvement whsch may be damaged or destroyed;shall not oommit or permit any waste or deterlora- :�•����-�r�?����� . _:°_'
<br /> �on of the Property:shall not remove.demolish ar s��ntiaiy�r any of the ImprovemeRLs on the Property;sha11 rrot commit.suffer ;;.�-_'t;-r._�_':�"• _
<br /> or pem�it any act to be done in or upon the Prapart,�In vtafattan o!arry taw,ord'snanoe,or regu(ation;and shatl pay and promptty�s- ; -
<br /> � charge at Tn�stora oost and expense all liens,encumbrances and charges levied,imposed or accessed agalnst ti►e Proporty or any
<br /> part thareof. . . -
<br /> 7.EmincrYt Camafra.Lendsr ts hereby asslgamd a11 oompensation,awards,damages and ot,her payments or re8e1(hereinafter . . _
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<br /> 619CAr,�oiC Osa d Cm�nacaTw W So�OA�m tirra�.Nadr�e .
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