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<br /> 4 � DEED OF TRUST WITH fUTURE ADVANCES �At: '—
<br /> . � '_ 't=�:=
<br /> 6TH JANUARY ,�g9� b ���
<br /> TH�S DEED OF TRUST,Is made as of the day of , y and among `.-� -
<br /> theTrustor, GROVER J. BARTLETT AND JOYCE E. BARTLETT, HUSBAND AND WIFE �"�—
<br /> ,-e�. :�;-._ -
<br /> � _
<br /> � whose mailing address is #6 V I A T R I V 0 L I G R A N D I S LA N 0 N E 6 S 8 0 3 thereln"Trustor,whether one or more), \� �_
<br /> '�� theTn,stee FIVE POINTS BANK.__A_NE_BRA�$ISA CORPORATION �-
<br /> �, whose maiiing eddress is P 0 B O X 15 0 7 G R A N U I S L A N D N E 6 g 80 2 (herein"Trustee'),and '
<br /> the Beneflciary, F I V E P 0 I N T S B A N K _
<br /> �.
<br /> whose mailing address Is 2 015 N. B R 0 A D N E L L A V E. 6 R A N D I S L A N D N E 6 8 8 O 1 (herein`Lende�').
<br /> FOR VALUABLE CONSIDERATION,fncluding Lendars eMension of credit Identifled herofn to
<br /> ,� GROYER J. BARTLETT AND JOYCE E. BARTIETT
<br /> (hereln "Borrower;whether one or more)and the trust hereln created,tho recelpt �
<br /> of which is hereby acknowledged, Trustor hereby Irrevocabiy grants,transfers,conveys and assigna to Trustee, IN TRUST,WITH
<br /> POWER OF SALE,for the benetit and security of Lender, under and subject ta tha terms and condiilons hereinafter set forth,the real
<br /> - `--.� property descncea as rouows: °
<br /> ' � LOT SIX (6) � BLOCK ONE (1 ), CQNTINENTAL GARDENS, CITY OF
<br /> GRAND ISLAND, HALL COUNTY , NEBRASKA
<br /> � Together with ail bulldings,improvements,flxtures,streets,aiieys,passageways,easements,rfghts,pdvileges and appurtenances
<br /> � i�, located thereon or In enywise pertaining thereto, and the rents, Issues and profits.reversiona and remainders thereot,and auch por-
<br /> sanal propetiy that Is attached to the Improvements so as to constltute a Tixture,Including,but not Ilmlted to,heating and cooiing equip-
<br /> ment;and together with the homestead or marltal interests,If eny,which interesls are hereby released and waived;all of whlch,includ- --
<br /> ing replacements and additions thereto,Is hereby declared to be a part of the resl estete secured by the Ilen of thfs Deed of Trust and —
<br /> - ; ell of the foregoing be(ng referced to herein as the'Property". _
<br /> Thls Deed of Trust shali secure(a)the payment oi the principal sum and Interest evidenced by a promissory note or credit agree-
<br /> ment dated F F R LI A R Y 6� 1 9 4 S ,having a maluNty date of F E B R ll A R Y 13� 2 0 0 3
<br /> In the original principal ernount of$ 9 F�0�5 _5 O , and any and ail modiflcatiorts, extensions and renewals
<br /> theroot or thereto and any and alf future advances and readvances to Bortower(or any of them if more thar� one)hereunder pursuant
<br /> to one w mora promissory notes or credlt agreements(herein called'Note');(b) the payment of other sums advanced by Lender to
<br /> protect the security of the Note:(c)the periormence of aY covenants and egreements of Trustor set forth herefn;and(d)ali present and
<br /> , future indebtedneas and obligetions of Borrower(cx 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 otherwise.The Note, thls Deed of Trust and any and all other documents thet ---
<br /> .� secure the Note or otherwise executed in connection therewith, (ncluding without Iimltation guarantees, security agreements and
<br /> ,�. aasignments of leases and rents,shail be referced to herefn as the"Loan Instruments'.
<br /> Trustor covenants end agrees with Lender as follows:
<br /> 1. Payment of Indebtedness.Ail In�ebtedness secured hereby shail be paid when due. �
<br /> �� 2. Titie.Trustor Is the owner of the Property,has lhe right and authority to convey the Property,and warrents that the Ilen creat-
<br /> � ed hereby is a flrst and prior Ilen on the Property,except for Ilens end encurnbrances set forth by Trustor in writing and delivered to ---
<br /> . Lender before execution of this Deed of Trust, and the execution and delivery of this Doed of Trust does not violate any contrect or .�N�=-'"'--
<br /> � other obligation to which Trustor is subject. -
<br /> 3.Taxes,Aseessments. To pay before delinquency all taxes,speclal assessments and all other charyes agalnst tho Property �"�j
<br /> • now or hergafter levied. �
<br /> '��;..
<br /> 4.Insurance.To keep the Property insured against damage by fire,hazerds Included within the term"extended coverage",and • '
<br /> such other hazards as Lender may requlre, In amounts and with companies accepteblo 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,collect and . � -•
<br /> compromise,all ciaims thereunder and shall have 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 determtne,(II)to the Trustor to be used for the repair or restoration of the Property or
<br /> (iii)for any other purpose or obJect satis4actory to Lender without aNecting the Ilen of this Deed of Trust for the full amount secured
<br /> hereby before such payment ever took place.Any applicatfons of proceeds to Indebtedness shall not extend or postpone the due date
<br /> ' of any payments under the Note,or cure any defauN thereunder or hereunder.
<br /> � b.Escrow. Upon wntten demand by LBnCer,Trustor snali pay to Lender,in sucn manner as Lender mey designete,sumcient -
<br /> ` sums to enable Lender to pay as they becomo duo one or more ot the following: (i)all taxes,assessments and other chergos against
<br /> �! the Property. (fi) tho premlums on the property insuranco requfred hereunder,and (fif)the premiums on any mortgage insurance
<br /> � required by Lender.
<br /> 6. Malntenanco, Repalrs end Compllance wlth Lawa. Trustor sholl keep the Property in good condition and repair; shall
<br /> ' promptly repair, or replace any improvement whicn may be damaged or destroyed;shall not commit or permit any waste or deteriora-
<br /> � tion of the Pro e shall not romovo,domolish c�r subslantiall alter an o(the im rovements on the Pro e shall not commit,suHor
<br /> P rtY: Y Y P P rtY;
<br /> • � or permit any act to be dono in or upon tho Property in violatlon of any law, ardinance,or regulation;and shall pay and promptly dis• '
<br /> charge at Trustor's cost and expenso all IIQns. �incumbrances and charges levied,imposed or accessed against the Property or any �
<br /> aart thereot. �
<br /> �, 7 Eminent Domaln. Lender�s heraby assigned ali cumpensa6on, a�vards, damages and otlier payments or reliei(hereinafter
<br /> /al�� 41l�Nrs�u��T�NI)mn�Nr.\•a. ' I
<br /> . 1��41N.��.n��IL1n��1��r�nw��r�.�i�vN•..n���/���.�:�i.n 1�...n Mrl+.i��.t .
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