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<br /> ; �� �nA916 DEED OF TRUST W H F U E ADVANCES t �
<br /> � �:��='_-
<br /> �-__ -
<br /> ' THIS DEED OF TRUST,Is made a3 of the 1ST day of FE BRUARY ,19 98 ,by and among�
<br /> rt d�
<br /> �' theTruator, L WkENC E. UWALD A MARRIED FERSON ' �
<br /> 4 whose malling address Is 7035 E BRONCO OR. PARADISE VALLEY AZ 85253 (hereln"Trustor",whether one or more),��
<br /> � �.
<br /> "�' theTrustee FIVE POINTS BANK A NEBRASKA CORPORATION
<br /> � ---
<br /> � � whose maliing address is,p� BOX 1507 GRAND I SLANn NF tiRRf19 (hereln"Trustee"),end
<br /> ., .i �_.�--
<br /> theeeneflclery, FIVE POINTS BANK
<br /> .�� whosemailingeddressis 2015 N BROADWELL AVE �RAND ISLANQ NE 68803 (herein"lender"). -
<br /> FOR VAl.UABLE CO SIDERATION,Including Lender's extension of credit Identlfled herein to _
<br /> LAWRENGE E.�UWALDT
<br />� (here{n`Bortower,"whether one or more)end the trust herein created,the recelpt _
<br /> �� oi which is hereby acknowledged, Trustor horeby IRevocably grants, transfers, conveys end assigns to Truslee, IN TRUST,WITH
<br /> ___ pnWFR OF SALE.for the benaflt and secudty oi Lender,under end subJect to the terms and conditions herolnafter set forth,the re�l
<br /> property descdbed as foliows:
<br /> � LOT SIX (6) BRENTWOOD THIRD SUBDIVISION TO THE CITY OF GRANO ISLAND�
<br />_ HALL COUNTY, NEBRASKA
<br /> Together with all bulldings,improvements,flxtures,streets,alleys, passageways,easements,rtghts,privileges end appunenances
<br /> Iacated thereon or In anywise perteining thereto,and the rents, Issues and proflts,reverslons end remainders thereof,and such per- _
<br /> � sonal prope►ty thet Is attached to the improvsments so as to constitute a flxture,including,but not Ilmlted to,heating and cooling equip-
<br /> � � mRnt;and together with the homestead or maritai interesta,If any,which intereuts are hereby released end wafved;all ot whlch,includ-
<br /> -• ing replacements and addltlons thereto,is hereby daclared to be e part oi the reai estete secured by the Iien of this Deed of Trust and
<br /> ' all of the forepoing befng referred to herein es the"Property".
<br /> Thts Deed ot Trust shail secure(a)the payment of the principel sum and Interest evidenced b�ra promissay note or credit agree-
<br />- � mentdated �caone 1�..,�lgg$ ,havtngematudtydateof SEPTEMBER 1, 1998 ,
<br /> - + in the odginel pNnGpai amount of 3 200.000.00 , and any and ail modiflcations, e�lenalons and renewals
<br /> thereof or thereto end eny and ail future advances and readvances to Borrawer(or any oi them If more than one)hereunder pursuant
<br />� to one or more promissory notes or credit agreements(hereln calied "Note");(b)the payment of other sums advanced by Lender to
<br /> ;� �� .,, protect the security of the Note;(c)the performence of ali covenanta end egreements of Truator set forth herein;and(d)all present and
<br /> '�. '--�? future Indebtedness and obllgatlons of Borrower(or any of them ff more than one)to Lender wl�ether dlrect,indlrect,ebsolute or contln-
<br /> gent and whether arising by note,guaranty,overdraft or otherwise.The Note,this Deed of Trust and any and a�other documents that _—.
<br /> �� �' secure the Noto or otherwise executed In connection therewith,Including without Iimitatfon guarantees, s�curity agreements and
<br /> . • �
<br /> assignments of leases and rents,shail be referred to herein as the"Loan Instruments'.
<br /> Trustor covenants and egrees with Lender as follows: __
<br /> 1. Payme�t of Indebtednesa.All Indebtedness secured hereby shall be pald when dus.
<br /> • • 2. Title.Trustor Is the owner of the Property,hes the r►ght and authority to convey the Properry,and warrants that the Iten creat-
<br /> ' ed hereby is a flrst end prlor Ilen on the Property,except for Ilens and encumbrances set forth by Trustor in writing and deiivered to
<br />� Lender betore execution of thls Deed of Trust,and the execution and delivey oi this Deed ot Trust does nd vidate any contract or �_
<br /> . other obligation to which Trustor Is subject. �:-°y�
<br /> + 3.7axes, Asseagments.To pay before delinquency all taxes, speclai assessments and all other charges agefnst the Prcperty ��z�
<br /> r�-=._
<br /> now or hereafter levied. r
<br /> 4.Insurnnce.To keep the Property Insured against damage by fire,hazards included within the term'exlended covarage,and
<br /> such other hazards as Lender may requlre, in amounts end with companies accepteble to Lender,naming Lender as an addltional
<br /> � named insured, with loss payable to the Lender. In case of loss under such policles, the Lender is authorized to adjust, coltect and
<br /> compromise,all claims thereunder and shall have the dptlon of applying el�or part of the Insurance proceeds(i)to any indebtedness
<br /> � secured hereby and in such order as Lender may determine.(fi)to the Tmstor to be used for the repair or restoration of the Property or
<br />- (ifi)for any other purpose or obJect satisiactory to Lender without affacling the lien of thfs Deed oi Trust for the full amount secured
<br />_ hereby before such payment ever took place.Any applicatlons of proceeds to fndebtedness shall not extend a postpone the due date
<br /> _ nf anv navments under the Note,or cure any default thereunder or horeunder. � �����
<br />_ ) 5.Eacrow.Upon written demand by Lender,Trustor shail pay to Lentler,Ift SUC� manner as Lcinua�i7+oy�n5iy��o.'.o..�.�,.�..�.• --_-
<br /> sums to enablo Lender to pay as they becorne due one or more o(the tollowing:(i)all taxes,assessments and other charges agalnst
<br /> lhe Property, (if)the premiums on the property Insurance required hereunder,and (fii) the premfums on any mortgage Insurance
<br /> - ' requfred by Lender.
<br /> _ � 6. A6alntenanca, Ropalra and Compllance with Laws. Trustor shell keep the Property in good conditfon and repair; shall
<br />- prompYy rapair,or replace any improvement which may be damaged a destroyed;shali not commit or perm�any waste or deteriora-
<br /> ! tion of the Properry: shall not remove.demolish or substantialiy alter any of tho improvements on the Property;shall not commit,sufier
<br /> - or permit any act to be done in or upon the Property in vioiation of any law,ordinnnce,or regulatfon; and shall pay and promptly dis-
<br />_ charge at Trustor's cost and expense all Ilens. encumbrances and charges levfed, imposed ur accessed against the Propsrty or any
<br /> part thereoi.
<br /> - 7. Eminont Domaln.Lender is hereby assigned all compensation. awards, damagos and other payments or reliof (hereinafter
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