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<br /> . D��D OF TRtJS'�'VlflYH Fi2TUl�E ADVANCES �; .? . � ;
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<br /> Tt3CS O�ED OF TRUST,(s made as of tha_ 15th day ol •ta .19 97 .b}/and articng� _ _.�x��i:`"�: __
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<br />� .� ^4hsT�Qr, t2�.ds E iF Gorgen 8 Vac�i Sue Gorqen , huaband and vife _ �,` . : , -•. � .�;
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<br />�� ` 312 S Sycamore St Grand Island Ne ts8881-6Cd53 \p ,', � �`�`,ti, r ��� 4",�'�.
<br /> ` �+r'acc�a raa3lir�g a�ls�ass is (herein'Tnt�.�vteether a:�s or more), .;f;t�,� °#,•' =s,`,t 115`�.�
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<br /> ±,'r,E;. tY8'fzu5188 F,��e P�iets Bank� a ?la6ra9ka ('nrnnrati^�n xt , rt � �t;;S�i`°;
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<br />° '•, P.0. Box 1507 Grand Islaad. NE 686?12 �' -�
<br />- wi�os�maiting address is `^-����r,�?��and "' •��_�: '`,y
<br /> �.����i . _`
<br /> Five Pointa Bants .�.��-:: _,
<br /> � the BBnefiCiBry. �.�_ • �. . _
<br /> whose maiSfng address is 2015 H. Broadvell Crand Islend. HE. 68802-1507 (herein`Lende�.
<br /> ��`�' .. .
<br /> Dick E F Gorgen -° ;,---
<br /> � FOR VALUABLE CONSIDEAATION,including Lendera extension of credit iden�fed herein to �' '
<br /> �! • . �
<br /> • (herein°Borrower,°whether one or moro)arsd the trust herein created,the reoeipt ,v
<br /> of which is hereby acknowledged�Trustor hereby laevocabty prante.trensieis,oonveys and assigns to Trustee,IN TRUST.WiTH �~�:�.�j��
<br /> •^,::
<br /> POWER OF SALE,(or the bonefit end security oi Lendar,under and subject to the tertns and conditkna hereinafter set toM,the real _ " .•,�. r ;,
<br /> property described ae foltouva: : ''��, �. ..
<br /> Lo E Thres 131. B loc k S ix c 6), Hon n'e 3 r d A d d i t i o n t o t h e G z t y o f G r e n d I fl l a n d, •:.,::tr . , �
<br /> • Hall County� Hebraska. ,
<br /> ;:� ..
<br /> . � Togetf�er with sU buildin�.improvementa.fudurea.sVeet�,altsys.Passageways.easements.rights.Ortvl►eqes and epDurtenances •,;E'''�:�'�_�_
<br /> tocated thereon or In anywlse perta�ntng thareto,aM ihe rents,issues and protits. reverstons and remainders thereo},and such pet-
<br /> � sonal property that is atteched to the impmvements ao es to constitute a fixcure,irich�ding,but not Iimited to,hesUng artd caolIng equip� � ''
<br /> ' m e n�E c u d t o g e t h e r w i t h t h e h o m e s t e a d o r m a rf t a l i n t e r e s t a,i f a r ry,w hlch interests are hereb y released and waived;a1l of v�lh�!ch.inct� ::°�-
<br /> �. '• ing reF��►nenss and addiUons thereto,is hereby Qeclared to be a paR of the real estate secured by the lisn af this Oee�c!Trust and Y �`•'�•
<br /> all o!the foregoing being reierred to heretn as the'Property/'. �Y'_,.•_
<br /> . . This Oeed o!Tnist shali sscure(a)the paymerrt of the pr+nc�pal sum and interest evidenced by a promissory note or crad.�t agree- , ,
<br /> . rttertt��r * "�t� �99'�—=•having a matudty date of �.:'�__-
<br /> in tP[��rtia�c.al principa!amount a9 S 545 50 . and any and af modifiqtlons,extensions�renew� ,+,. `�':1:}=" .•
<br /> . ' �; — .�...r --- �'� .
<br /> L�.z�r�r thereto and anyr and ati fun:re edvana�s and readvancas to BoROwer(or arry of tt��m if more than one)hereun6er pursuant
<br /> to aca er rrzore piomissory n4tes or esed(t agre�rrrr�rrts(herein calted'Note7:(bj the payment of other sums advanced by Lender to ,:_�.;: .,ya,,.: . .a,--;
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<br /> proiesl�securify of the Note;(c)the pertormance of all covenants and agreements ot Tnistor set forth herein;and(�all present end � -;��;` -
<br /> � fuwte�btedness and obligat'sars of Borrower(or any ot them it more than one)to Lender w7�ether direct.indirect.eDsatute or oonUrt� __. . -
<br /> �� .�;,�'-`:
<br /> gent and whether arising by note.guaranty,overdraft or othe�wisa.The tJote.tnis rJeed oi arus�and eny end aN Wher do�aanents tl�at ----��,'�'' _
<br /> secure the No2e or c�erwise executed in connectton therewith, inctuding Y�3thout limita��on guarar►tees,secudry 2a,,�raE�nents and ;.• �.
<br /> ass{gnments of leases and rents,sha11 be referred to herefn as the'Loan Inst�menis'. , ;.��`��`,��.•,.., .?, : ,. .._
<br /> �, �� Trustor covenarsis and agrees with Lender as foltows: . ,.
<br /> 1. Payrttsnt of IndalsteQnasa AII indebtedness secured hereby shall be paid when due. �;4w�- ,
<br /> 2. TIUe.?nistor is the ownes G5 the PropeRy,has the ri�t 2�sd autfioriry to convey the Property,and wartants that the li�n creat• '��,,•. . . . �___
<br /> ,:;.
<br /> ed hereby is a flrst and prlor lien a-s:he PropeRy,except tor liens and encumbrances set torlh by Tnistor In writing and Bet'Nered to , ,;:;�a�;:,� ��'=---
<br /> Lender betore exesx.�on o1 this Oeea o}Trust,znd tha execuUon and dettvery ot this Deed of Trust does not vlotste any cflntract or ��j ,_�
<br /> ex
<br /> • • oU�er oDligaUon to w+;,3ci�Tnistor is subject. ����.
<br /> �'.�..�.�..:.�w.�
<br /> 3.Tucy,/lssessments.To pay before detinquency all taxes.speclal assessments and alt other cfiarges against the Propertyl ���..:•-__,-
<br /> now ar heceaffer levied. —�---- --�-,
<br /> 4.lmuranc�.TO keep the Property insured against damape by flre,hazards included vAthin the tertn'extended coverage'.and � --'_-�-
<br /> � s.uch hazards a3 LenQe►may reyuire,in amouMS�+nd with companies acceptabte to Lender,naming Lendor as an addltional named ���,T��.,. _____
<br /> insured,with Ioss payaflle to the Lender.In case of loss under such poiicies,the Lender is suthorized to adjus�ootlect end o�mpro- . _,,.
<br /> mise,all cteims thereunder and shall have the op8on of apptying all or paR oi the Insuranoe proceeds(i)to eny indebtedness secured . _. • . _-
<br /> hereby and 1ii such order as Lender may detertnine,(1�to the Trustor to be used for the repair or restoraUan ot the Proparty or(ili)tor . •� . . —
<br /> � any other purpose or object saUstactory to l.snder without atlecting the lian o!this Oeed of Trust for tha tull amoum secured hereby '�;,r-�___,�,.�.
<br /> � betore such payment ever took ptace.My apDltcaUona ot proceeds to Endebtedness shall not e�ctend or postpane the due date of any ������:�,.i
<br /> paymenb under the Nate.or cure any default theraunder or hereunder. - " -��-�-
<br /> • � 5.Escrow.Upon written demand by Londer,Trusteo shall pay to Lender,in such manner as Lender may designate,sufpcient � .;�-.
<br /> � sums to enebi�Lender to pay as they become due ons or more o1 the following:(i)ell taxes,assessmenis and other ctiarges against -` - -- �. .
<br /> , the Propedy,(ii)the premiums on 6tie property insurance required hereunder,(lii)the premiums on any mortgage insurance reguired by �`�""��pJiz'�'="='--
<br /> _. y.-�:-.:-;z:�,.-
<br /> Lender. ���,s�w.a.��=w-: _'_
<br /> . 6.�lelnieaanee.Repalra�.*.�3�rrtpliance wtth LaMrs.Trustor shali keep the Pragorly in good condiL•cn asad repalr,shal� ;r;,�;�;-.;;:.
<br /> - prompUy repalr,or replace any impra��ement��frir,�may ba damaged or destroyed;shall nai commit or p3rmil any w�9 or datedora- ,•:.�t:�,• �., , . .:_
<br /> • tion of the Pro�erty;�^.all not removs,demn:i,:Ca or substantiaily alter any of tlra i:nDrovamon�on tho Pr�s+�cy:sha31 n�i commit,suffer •`��`';� , . __
<br /> or pecmit eny ast to be dona is�or�pon t';e P:aperty In violation ni any law.ordinance,as regutation;and shal!R�y ar.d prompUy dis- '• •�•� .
<br /> . � chs.:��3 at Trustore oost and em�x��all tiens,oncumbrances end ch es levled,im a�or accessed a nst the�P:npe or an F�'•�':F: �1 , �`"
<br /> ar9 G 9� rtY Y �..'��.�a�.re.�rrr.�u.,1�
<br /> .. ' �fS 3h9reof. _--
<br />� - 7.EminonY Oomafn.Lend2r�s hers��a.ssigned ali compensaUon,awards, dama�s and other paymerts cr ro1i�1(hereinafter � .. . . __..
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