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<br /> DEED OF TRUST WITH FUTURE ADVANCES � ��'��
<br /> .� ��_----
<br /> THIS dEED OF TRUST,Is made as of the 30th dey of January ,1998 ,by and among�' a�_�
<br /> ,• . °=_:
<br /> theTrustor, Daniel P. Cimino and Mo11y J. Cimino, husband and wife , �=' i�:;.-
<br /> � r
<br /> �. whose maiNng address is 1919 W. John Gr'dnd I 51 and NE 68801 (hereln"Trustor',whether one or more), \' -- �
<br /> f�, ---
<br /> 6 cnern,stee Five Points Bank, a Nebraska Corporatian __ �_ ____
<br /> � � whose maYing address Ia P•0. Box 1507 GrBttd ISl dnd NE 68802 (herein'T►ustee'),and _-r.f
<br /> � the Benefldery, Fi ve Poi nts Bank !
<br /> ��. ��—.
<br /> whose maiNng address Is 2015 N Broadwel 1 Av� Grand Zsl and NE 68803 (herefn•Lender").
<br /> ,� FOR VALUABLE CONSIQERATION incl din Le der@ extenslon oi credit identifled herein to �"-
<br /> Daniel P. Cimino and Mol�y �. �im�no =_
<br /> (herein"Borrower,"whether one or more)end 4he trust herein aeated,the recelpt
<br /> of wh(ch Is hereby acknowiedged, Trustor hereby irrevacabty grants, transfers, conveys end assigne to Trustee,IN TRUST,WITH
<br /> __- - -= - PO`1'lER OF SALE,for!he ber!eflt and security oi Lender,under and subJect to the terms and wnditions hereinafter set forth,the real
<br /> property desc�ibed as follows: _
<br />- See Attached "Exhibit A"
<br /> Together with ail build(ngs,improvements,flxtures,sVeets,slleys,passegeways,easements,rights,privlleges and appurtenances
<br /> • located thereon or in anywise pertaining thereto,end the rents, issues and profits, reversions and remainders thereof,and such per-
<br /> sonat property that is attached to the improvements so as to constitute a fixture,including,but not limited ta,heating end cooling equip-
<br /> ment;and together with the homestead or meritai interests,if any,which Interests are hereby released and weived;all of whlch,Inciud- �
<br /> „ Ing replacements and addltions thereto,is hereby decla�ed to be e part of the real estate secured by the lien oi thls Daed oi Tru4t and
<br /> all of the foregdng being referred to herein as the"Property".
<br /> Thfs Deed of Trust shall secure(a)the payment of the principal sum and Interest evidenced by a promissory note or credit agree-
<br /> ` ment dated Jd�uarv 30 1998 ,having a maturiry date oi .
<br /> In the orlginal principal amount of$ 658.000.00 , and eny end all modiflcations,extensf�ns and renewals
<br /> thereof or thereto and any and ali future advances and roadvances to Borcower(or any oi them ff more than one)horeunder pursuant
<br /> to one or more promissory notes or credit agreements (herefn called"Note'); (b)the payment of other sums advanced by Lender to
<br />_ protect the securiry of the Note;(c)the periormance of ali covenants and agreements of Trustor set forth hereln;and(d)ell present end
<br /> � . future indebtedness and obligations of Borrower(or any of them if more than one)to Lender whether direct,indirect,absolute or contin-
<br /> gent and whether arising by note,guaranty,overdraft or othervuise.The Note,thls Deed of Trust and any and all other documents that
<br />�- secure the Note or otherwise executed in connoctlon therewith, Including without Ilmitetion guarantees,secudty agreements and
<br />-, assignments of leases and rents,shall be referred to herein as the"Loan Instruments". _ —
<br /> � Trustor covenants and agrees with Lender as tdbws: _
<br /> 1. payment of Indebtedneas.All indebtedneassecured hereby shall be paid when due. _
<br /> ' 2. Tltle.Trustor is the owner of the Property,has the right and authority to convey the Property,and warrants that the Ilen creat-
<br /> ed hereby Is a flrst and prior Iien on the Properly. except for liens end encumbrances set forth by Trustor in wriHng and delivered to ---
<br /> Lender before execution of this Deed of Trust,and Ihe execution and delivery of this Deed of Trust does not violate any contract or �+�,_^.
<br />- } other obligation to which Trustor is subject. �'�=--_
<br />- 3. Taxes,Assesamenta.To pay before detinquency all taxes, speclal assessments and all other charg�s agelnst lhe Property !`����k=;:-
<br /> ...�-.-
<br /> now or hereafter Ievied. -
<br />- 4. Insurance.To keep the Property Insured against damage by fire,hazards included wfthin the term'eMended coverage',and
<br /> sur,h other hazards as Lender may requfre, in amounts and wfth companles acceptable to Lender, naming Lendsr as an additionel _
<br /> named insured, with Ioss payable to the Lender. In case of loss under such policiea,the Lender is authorized to adJust, collect and
<br /> comprornise,all claims thereunder and shail have ths aption of applying all or part of the insurance proceeds(I)to any Indebtedness ,
<br /> secured hereby and in such order as Lender may delerrnine,(ii)to the Trustor to be used for the renair or restoration of the Property or
<br /> (fif)for any other purpose or object satisfactory to Lender without affecting the tien of thls Deed of Trust for the full amount securad
<br /> hereby befo�e such payment ever took place.Any applicatlons ot proceeds to Indebtedness shall not extend or postpone the due date
<br /> r...................�o��nrinr thu Nnta .,r r��rw any�lafaiiltlhereunder or hefeundef. _____
<br /> - v��..��r.....�............ ..._.._.-• - ----_
<br /> � 5. Escrow. Upon written demand by Lender,Trustor shali pay to Lender, !n such manner as Lender may designate,sufficient
<br /> sums to onable Lander to pay as they become due one or more oi the following: (f)all taxes,assessments and olher charges against
<br /> - the Property.(fi) the premiums on the pruperly insurance reyuired hereundor,and (fli) the premiums on any mortgage insurance �
<br /> required by Lender
<br /> � 6. Mointenance. Repairs and Compl(anco with Laws. Trustor shall keep the Proporty in good condition and repair; shall �
<br /> j promptly repair, or replace any improvomont which may be damac�ed or dostroyed:shall not commft or pormit any waste or deteriora- .
<br /> � tion of the Property:shall not remove,demolish or substantially alter any oi the fmprovements on the Property;shait not commit,suiier
<br /> � or permd any act to be done in or upon Iha Property in violation of any law, ordinance, or regulation:and shall pay and promptly dis- I
<br /> '� charge al l'rustor's cost and expense all Ilens,encumbrances and charges levied. imposod or accessed against the Property or any
<br /> ' part thoreof. j
<br /> I 7 Eminent 9omain.LQnder�s horQby assigned all compensatiun, awards. damages and other paymants or rolief(herefnaftor
<br /> I
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