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<br /> ��ED OF TF�UST W6TH FUTURE ADVANCES � -.. . _ ��� '`-
<br /> _ .�•.
<br /> THIS DEED d�'Tl�UST.ta mada es of tt�e '�4th�y af Feb. ,19 97.by and among � , � �,,,� `. : .`
<br /> • �° . ' -,.�_^`���=.-�-
<br /> theTn�tar, c � c Ho�es Inc ,.. ',•;�,;�.~:";,
<br /> Grand Island He 686a2-0913 'r
<br /> ` Fo Box 51s �"��"`
<br /> , �,` herein'T�f,whether ona or more), "� -�`
<br /> . whose mailing address Is � =:�n.�+.;°
<br /> •<��:;° �BTN� Flve Pointa Bank, a �febraska Corporation � � ���
<br /> Y..�
<br /> � P.G. Box 1507 Grand Island. HE 68802 (herein`Trustee�,and . �.?�s"'3�" `
<br /> whose rrtailing address is �
<br /> - Five Points Bank _'"_ _ _ '`"�;:
<br /> ffie 8enefldary.
<br /> . '. � .. :,
<br /> • 2015 H. Broadrell Grand Islaad. NE. 68802-1507 �he�in`Lende�j. '�
<br /> whose mailing a�rass is ,�
<br /> �` '. -
<br /> FOR VALUABi.E CONSIDERATION,including Lenders extension of credit identified henein to ... � '�; '. `""'
<br /> �
<br /> �, •. P (herein'Borrower;wheth0r one or more)and the tust herein creai�d,the rao�ipt ,�,,•�`: ,
<br /> . af u►�hr.�a is hereby ar�knowledged.Trustor h2rc�by irrevocably grants.transfars,comeys and assigns to Trustee. IN 7RUST.WITH � " ..•,.�,;;;,: �'_--
<br /> P��dC�l OF SALE,tor the benefit end security ot Lender,under and subject to the terms and condWons hereint�Yter s�2 ieM,the real
<br /> :�� _
<br />, prop�L`te-Ui�e��J-"ia°n�:7'yo (2l, Hempingsen S�_division in the City of Grand Islar.4, - � �� � '_-
<br /> � • Hall Coe�nty, Nebraska. '"' '`�"'-�
<br /> ;��., �'
<br /> . ( r_
<br /> . - Togeiher wilh all buitdings.a-�rovemants,fixtures�streeb.aileys.Passageways.easements.�ights.Priviteges and appurtenanoes :�;;�.,'. -�'
<br /> � located thereon or in anywtse f�r�ining thereto,and the rents,issues and profits,reversions and remainders thereof,and such per- `•��;:.-,:
<br /> sonal propeRy that is attached te�se improvemenb so as to consUtute a tixture,including,but not lim(ted to,heaUng and cooling equto- , `�;� 'r
<br /> menx and.together with the homestead or marital interests,if an ,which interests are here released artd waived;all of whlch,indud- -- ;��_�
<br /> . ing repiacsmertts and addiUons thereto.is hereby deciared to be a part o!the real estate secured by the 6Fm of this Qeed ot Trwt and �
<br />' , ail of the foregoing being reterred t�herein as the`Propert�. ,�'`��?'�;�_?_-
<br /> This Oeed o}Trust shall sec�rs(a�the payment of the pdncipal sum and interest evidenced by a pramissory nofe or credit agree- • -• ���
<br /> ment dated February 9th 1997 ,having a maturfty date ot July 31at 1997 - �'� � `�s•�..
<br /> ,.�,;,t;°-
<br /> , � • ySt' '. ..r.�;:. '
<br /> 110,000.00 , and en and aN modiflcatlons,extensions and renewata °�
<br /> in the odginal ps�r�j�l amount of$ Y _ _ _-
<br /> thereof or thereto s.�d any end all tuture advances and readvances to Bo�r(or any of them H more than one)hereunder pursuant _ -�
<br /> . • to one or more promissory notes or credit agreements(herein caJled`Noie�;(b)the payment of oiher sums advanced by Lender to - :-_--
<br /> . protect the security o!the Note:(a)the performance oi all covenants and agreements of Trusior set toRh herein;and(�a11 present end _ � _
<br /> future tndebtedness an0 obiigatlons ot BoROVrer(or any ol them if more than one)to Lender whether direct,indirect,absotute or conUn- <�,�,�_ �,�E_
<br /> gent and whethar adstng by note,guaranry,aveNrait or oiherwise.The tVote,this Deed of Tn�st and any and alt other documents that �,_ __ � _ ° -=''°'
<br />, �1_� secure the Note or othorwlse executed in connectton therewith, including without limitation guar2ru+�.secudty agreements and _
<br /> assignments ot leases and rents,shall be reterred to herein as the°Loan Instruments". _____
<br /> � . Trustor covenants and agrees with Lender as follows: ;'•tr � a. —.
<br /> .� ���.
<br /> t. Payment of tndsbtedoesa.A!i indebtedness socured hereby shail be paid when due. ;,��. ��• • --
<br /> � 2. Tltt�.Trustor is the owner of the Property,has the dght and authorriy to convey the Property,and warrants�`�:�lien creat- '-!?=`-''--=-'°_�''°=
<br /> w t F.'�T_`f_f'..:•
<br /> � ed hereby is a flrst and pdor Ilen on the Properry, except tor liena and encumbrances set forth by Trustor in writing and deliver�9 ta ,�.� 7; . -
<br /> � Lender betore e��utlan o1 thts Oeetl of Trust,and the execution and dei:�,�ery o!thts Deed ot Trust does noi vtotate any con^a�s tn ����- '•�. •'/• �,
<br />� � other obligaUon t�wJ�ich Tnistor is subject. �° �.�`~ ' =
<br /> �� '`+itrR±-�+.�rz:<;,', •
<br /> 3.Taxes,Asssssmente.To pay betore deHnquency all taxes,special assessments end ail other charges againsl the PropeRy ..;,.�..,,�.,�,�r:-,��
<br /> . now or hereafter tevled. '����=v
<br /> ' 4.Intunnc�.To keep the Property insuced agalnst damage by flre,hazarda included withln the tertn'extended coverage',end � ,
<br /> � '`•' such hazards as Lender may require, in amounts and with companies acceptabie to Lender,naming Lender as an addiUonal named ,
<br />, ��;; insured.with loss payable to the Lender. In case o!loss under such policses,the I.ender is authorized to adjusL coitect and compro- � -���������
<br />. . �:;',. zi�s,all Galms U�ereunder and shall havo tho option of a�t�:ng all or part of the insurance proceads(i)to any Indebtedness sscured _
<br /> • �.o:e�y and in such order as Lender may determine,(ii�to t�,s Trustor to be used for the repair or restoraUon ot the Property or(li�for �`� .
<br /> • e.c,p�G1er purpose or object saUsfactory to lender without 2�:ac4ng the lien of this Deed of Tnist for 4he tull amount secured hereby `.' � '
<br /> be`as such payment ever took piace.Any applicatians of praceeds to i;���tedness sha11 not extend or pos�one the due date o!any ' '
<br /> payments under the Note,or cure any default thereunder or hereunder. •
<br /> � 5.Eserow.Upon w�itten demand by Lender,Trustee shall pay*.�L�-r3er,in such manner as Lendbr may designate,sufflcient � ��1'
<br />� � s�-�to enable Lender to pay as they become due one or r^ore of the fotlowing:(i)all t�ces,assessmenis and other charges against . ' —
<br /> . � ���?roperly,(ii)the premlums on the praperiy insurance scar�red hereunder.(iii)the prer:ur:�s on any moRgage insurance required by , . _
<br /> . Lende�. .
<br /> �. .i,+, B. 1{Raintenance�Repatre and Cores�lPZr:r.a wlih Lswa.Trustor shall keep ths Property in�d condition and repair, shall . � : �-
<br /> promptly repair,cr replace any improvement w:.iah may be damaged or destroyed;shsll not commd cs g,armit any waste or deteriora- . . �
<br /> ticn of tho Property;shall not remove,demoiis�or substantialiy aiter any of the improvemenis on the Pr�perty;shall noi oommit,suffer • :
<br /> .�5� cr�ertnit any act to be done in or upon the Proparty in wota•.ion of any taw,ordinance,or r�gulation;and shall pay and promptty dls- �
<br /> chabe at Trustors oost and expense ali 8ens,encumbrances and charges lovied,impesed ar aocsssed against ths Property or any
<br /> -----� pa�9 U�ereot _, __-___ __
<br /> 7. P�minent Domaln.Lender is hereby assigne0 sil compensation,awards, damages and other paymenis or relief(hereinafter I . �"�;'
<br /> I �ac xs���emy 000m rm�,�ws . �_
<br /> 0�99aNV,mwauracmmacoTwu�esm�+�f�swcaoon uran.rmoreu
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