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<br /> �' DEED OF TRUST WITH FUTURE AOVANCES �8_ ��1118 'A����
<br /> . � ,.,_. --_---
<br /> ._j,;l.a:;..�-�_
<br /> THIS DEED OF TRUST,is made as ot the_�t h day of Fahru�r�/ . 19�_._,by and among .'••.-�.___—:_,4_
<br /> �
<br /> `� �•r-':,:;
<br /> tneTn,stor,,_ Aqnes J Johnson a sinale oerson s •
<br /> �._.,---
<br /> a -����-
<br /> whossmailingaddress(s 2216 N Sherman Blvd., Gt^and Island, NE 6880�herein"Trusto�',whetheroneormoro), �� '��:��:::�
<br /> . '``` ::9_�.
<br /> tne'rrustee Five Points Bank a Nebraska Cor oration • .��
<br /> �s:-
<br /> -:;'.%�.
<br /> whoserrailingaddressis P.O. Box 1507, Grand Island NE 68802-1507 (herein'Trustee�,end ._.;.._;�.�s
<br /> .,�ti.y
<br /> . �`�=x�,,,,_
<br /> the Beneficiary, .� •`n�'
<br /> �� 2015 N. Broadwell , Grand I s1 and, NE 68802 nerein'Lende�'). ,�t
<br /> ..�, ��
<br /> whose mailing address is_ � ���''�"�'���
<br /> }�• FOR VALUABL.E CONSIDERATION,including Lender's extension ot credit fdenUfled herefn to .�;� ��'��'"
<br /> ���,,;�^+� ;i�,:.-.
<br /> � (here n orrower;whether one or more)and the trust hereln created,the receipt ��F��'�'' ;�-
<br /> of which is hereby a:knowledged, Trustor hereby irrevocably grante, transfers, conveys and assigns to Tniste9r IN TRUST,WITH •��'� ,,,,
<br /> POWER OF SALE,for the beneflt end securily of Lender,under and subJect to the terms and condiNons herelnsfter set forth, the real ,� Q�`_
<br /> _ = propsdy described as follows: 1 '
<br /> .�..
<br /> LOT NINk (9) AND THE NORTH EIGHTEEN (18) FEET AND THREE (3) INCHES OF LOT ELEYEN (11), � �z.,s
<br /> - ALL IN BLOCK ELEVEN (11), UNIVERSITY PLACE, AN ADDITTON TO THE CITY OF GRAND ISLAND, � :3►.,,�`�
<br /> HAII COUNTY. NEBRASKA. � �'�;,,
<br /> � Together with all buildings,improvements,flxtures,streets,aileys,passageways,easements,rights,privlleges end appurtenances ,:�_c'_
<br /> i: located thereon or in anywise pertaining thereto,and the rents,issues and profits,reverslons and remainders thereof, and such per- , �__
<br /> �' sonal property thet is atteched to the improvemenls so as to constitute a fixWre,Including,but not Ifmited to,heating end coolin�equlp- -_
<br /> � ment;and together with the homeatead or marital Interests,If any,which interests are hereby released and waived;ail of which,Includ-
<br /> '� Ing replacements and additions thereto,Is hereby declered to be a part of the rqal estate secured by the lien oi this Dead of Ttust and -
<br /> �'� all ot lhe torogoing being referred to herein as the'Property". �
<br /> r' This Deed of Trust shail secure(a)the peyment of the principal sum and irfterest evidenced by e promissory note or cr9dtt egree- _ _
<br /> �'• ment datedr,�F b�y 1���998 ,_.having a maturity date of Fe6ruarx,�,Q.�_19?A � —
<br /> _ in the orlginal principal amount of S 48.000.00 , and any end all modiflcations, extensions and renewals
<br /> � lhereof or thereto and any and all future advances and readvances to Borrower(or any of them ff more than one)hereunder pursuant �, _
<br /> f. to one or more promissory notes or credit agreements(herein celled"Note');(b�the payment of other sums advanced by Lender to __
<br /> protect the security of the Note;(c)the pallormance of all covenants and agreemepts ot Trustor set torth herein;and(d)all present and _
<br /> � future Indebtedness and obliqations of Borrower(or any ot them ii more than one)tq Lender wllether direct,fr�direct,absoluxe or co�Un• _ —
<br /> gent and whethor arising by pote,guaranry,overdrat#or otherwise.Tha Note,this Oeed oi Trust and any and all other documeMs thet -
<br /> secure tha Note or otherwi�e executed in connec�lon therewith, inctuding without Iimitation guarantees, security egreementa �nd �_
<br /> r assignments oi leases and(ents,shall be reterred t�herein as the"Loen Instruments'. _ _ �'�
<br /> Trusror wvenants and agrees with Lender as�,fi0110WS: �=^i�
<br /> 1. Payrtient of Indebtedness.All Indebtedr�ss secured heraby shall be paid when due. � �•.� �
<br /> 2. Title.Trustor is the owner oi the Properl� has the right and authority to convey the Properly,and warrants that the lien creat- ��;t�
<br /> ed hereby is a first and prior Ifen on the Property, except for Ilens and encumbrances set forth by Trustor in writing and delivered to . f,, h��
<br /> Lendar be(oro executfon of this Deed of Trust. a�d the exocution and delivery of thfs Deed of Trust does not violete any conVact or ,� ,.�.,.j�
<br /> , otherobligatlon to which Trustor is subjoct.
<br /> 3. Taxes Assessments.To pay before delinquency all taxes,specfal assessments and all other charges against the Property �.�"�F' .
<br /> now or hereaftor levied. . �
<br /> 4. tnsurance.To keop the Proporty insured agamst damage by fire,hazards mcluded within the term"extended coverage, and :
<br /> such other hazards as Lender may require,in amounts and with companfes acceptable to Lender, naming Lender aa an additionel . .
<br /> named insured,with loss payable to the Lender. in case of loss under such policles,the Lender Is authorized to edJust,collect and
<br /> comproniise, all claims thereunder and shall hava the option of applying all or part of the insurance proceeds(I) to any Indebtedness �
<br /> secured hereby and in such order as Lender may determine, (fi)to the Trustor to be used for the repair or restoration of the Praperty or
<br /> (ifi) for any other purpose or object satisfactory to Lender without aHecting the lien of this Deed of Trust for the full amount secured
<br /> hereby betore such payment ever took place. Any applir.atlons of proceeds to indebtedness shall not extend or postpone the due date
<br /> of any payments under the Note,or cure any default Ihereunder or hereunder.
<br /> 5. Escrow. Upon written demand by Lender, Tiustor shali pay to Lender, in such manner as Lender may designate, sufficient
<br /> ..... .,a,.•we ..►.d.,,�.a o,.���ot
<br /> I sums to enable Lender to pay as they become aue one or more oi ine ioiivw�ny.i�i n���dro�.a��oao�°��•°°..��...°��..-.tl--°o-•••-- - - —•---
<br /> 1 the Property. (ii) the premiums on the property insuranca required hereunder,ancl (ifi) the premiums on any mortgage insurance
<br /> requued by Lender.
<br /> i 6. Matntenance, Repalrs and Cotnplfance wlth Laws. Trustor shall keep the Property in good condition and repair; shail ,
<br /> � promplly repair,or replace any improvemont which may be damoged or destroyed:Shall not commit or perinit any waste or doleriora-
<br /> � � tion o(the Property;shall not remove.domolish or substantially alter any oi tho improvements on the F'roperiy;shall not comrnil,sufler
<br /> � or pennit any act to be done m or upon the Proparty in violation of any law.ordinance,or regulatfon; and shall pay and prornplly dis- I
<br /> charge al Truslor's cost and expenso all lien5.encumbrancas and charges levied, imposed or accessed against the Propetiy or any
<br /> � partthereof.
<br /> � 7 Eminent Domaln.Lender �s hereby assigned all compQnsation, awards, damagas and othor payments orrelief(hereinaltor i
<br /> ! Hlu'u''iN.v.V• .vlM�nfiNe.S'M. w.Yn��el.nuo
<br /> � ��.P��.n�.Da•r..���.��...n�el�v�� �.� a....�-, a�....ii.n�• I
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