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<br /> DEED OF TRUST WITH FUTURE ADVANCES o ' ���`,-_-
<br /> THIS DEEO OF TRUST,Is made as of the 17TH day ot FEBRUI�RY ,19 98 ,by and among
<br /> theTrustor. WILLIAM D. DIESSNER. A SINGLE PERSON ,�
<br /> whose maiiing address�s 273 E 19TH ST. GRAND I$LAND NE 68801 (herein"Trustor",whether one or more). ��
<br /> � � the 7n,stee FI VE POI NTS BANK, A NEBRASKA CORPORATION _ \ . `a
<br /> , �s:
<br /> whose malling address is 2n15 N. BROADWELL AVt. GRAND ISLAND NE 68803 _ (here�n'Trustee'),and ` __-
<br /> ' theBeneflGary, FIVE POINTS BANK
<br /> �.
<br /> whosemafling address�s P 0 BOX 1507 GRAND ISLAND NE 68802 (herein"Lende�'). ' ._
<br /> �• FOR VALUABLE CONSIDERATION,(ncluding Lender's extension of credit identffied herein to ,.1.,"�� __
<br /> � WILLIAM D. DIESSNER �
<br /> (herein'Borrower,"whether one or more)and the trust herein created, the recelpt =_-
<br /> of which is hereby acknowledged,Trustor hereby Irrevocably grants, transfers, conveys and assigns to Trustee,IN TRUST,WITH , "-_
<br /> � F'OWER OF SALE,for the benefll and securi of Lender,under and sub ect to the terms and conditions hereinafter s3t forth,the real �= �.
<br /> �v J ���_-
<br /> 3 property described as fouows: _ __--
<br /> SOUTH HALF (S}) LOT ONE (1) BLOCK SIX7EEN (16), ORIGINAL TOWN ;=—
<br /> o�
<br /> OF 6RAND ISLAND, HALL COUNTY, NEBRASKA ``
<br /> ;,:,:�
<br /> �>,:
<br /> i Togetherwfth allbulldings, irnprovements,flxtures,streets,alleys,passageways,easements,rights,privileges and appurtenances _n .��. �r,:
<br /> located thereon or in anywise peAeining thereto, and the rents,issues and profits,reversions and remalnders thereof, and such per- :,�r ;�-
<br /> - sonal property that is attached to the improvementa so as to constitute a flxture,Inciuding,but not Iimited to,heating and cooltng equlp-
<br /> ment;and together with the homestead or marital Interests,if any,which interests are hereby released and waived;all of whlch,includ-
<br /> ing replacements and addltions thereto,is hereby declered to be e part of the real estate secured by the Ilen of this Oeed of Trust and •�__—
<br /> ali of the foregoing befng referred to hereln as the"Property".
<br /> This Deed of Trust shail secure (a)the payment of the prMcipal sum and Interest evidenced by a promissory note or credit agree- ����.s; –
<br /> ment dated, FEBRUARY 17. 1998 ,having a maturlty date ot MARCH 15. 2003 �'�`
<br /> �_.
<br /> a�°----�
<br /> in the orfginal principa� amoun; o($ 27,035.50 , and any and all modiflcatlons, extensbns end renewals ^
<br /> thereof or thereto and any and all future advances and readvances to Borrower(or any of them if more than one) hereunder pursuant =--
<br /> to one or more promissory notes or credlt agreements(herefn called"Note`);(b)the payment of other sums advanced by Lender to ==--- -
<br /> protect the security o(the Note;(c)the performance o(all covenants and agreements oi Trustor set forth hereln;and(d)all present and ��-
<br /> future Indebtedness and obligatfons of Borrower(or any of them if more than one)to Lender whether direct,indirect,absolute or contln- '�-��a--'
<br /> . �.�-•,��•
<br />- gent and whether arising by note,guaranry,overdraft or otherwiso.The Note,this Deed of Trust and any and all other dceuments that �s :-=-�`--T`�°T
<br /> � secure the Note or otherwise executed in connection therewith, Includ(ng without Iimitation guarantees, security agreements and -=_ _.
<br />, assignments of leases and rents,shall be roferred to hereln as the"Loan instruments". } �.�.r�� ,�,Y:r_
<br />= Trustor covenants and agrees with Lender as follows: �`��••�
<br />_ 1. Payment of Indebtedness.All indebtedness secured hereby shall be paid when due. �•,�` ;:����TL.�.
<br /> 2. Title.Trustor is th�ownerof the Property,has the right and authority to convey the Property, and warrents ihat the Iien creat- '+�'��_.� .;.
<br />_ ed hereby is a first and prfor Iien on the Property, except for Ifens and encumbrances set forth by Trustor in writing and delivered to • � '
<br />–� Lender before execution of this Deed oi Trust, and the execution and delivery of this Deed of Trust does not violate any contract or �!rt-.
<br /> other obligation to which Trustor issubject. . .
<br /> 3.Taxes,Assessmente. To pay beforo delinquency all taxes,speaal assessments and all other charges against the Property •
<br /> now or hereafter levied. .
<br /> � I 4.Insurance.To keep tho Property insured agamst damage by fire, hazards includod withfn the torm °extended coverage",and
<br /> I such other hazarcls as Lender may requlre, in amounts and wfth companies acceptable to Lender, naming Lender as an additional
<br /> i named insured,with loss payable to the Lender. In case of loss under such policies, the Lender is authorized to adjust, collect and
<br /> I compromise,all claims thereunder and shali have the option of applying all or part of the insurance proceeds(i) to any indebtedness
<br /> secured hereby and m such order as Lender may determine,(ii)to the Trustor to be used for the repair or restora8on of the Property or
<br /> : �, (iii)for any other purpose or objecl satis(ac!ory to Lender without aftecting the lien of ihis Deed o(Trust for the full amount secured
<br /> � horeby before such payment evertook place.Any applications of proceeds to indebtodness shall not extend or postpone the due date
<br /> � oi any payments under the Note, or cure any default thereunder or hereunder.
<br /> 5. Escrow. Upon wrftten demand by Lender. Trustor shall pay to Lender, In such manner as Lender may designate, suffic(ent i�
<br /> sums to enable Lendor to pay as Ihey become due one or more of the following:(i)all taxes,assessments and other charges agalnst �
<br /> the Property, (ii) the premiums on the property insuranco requirod hereunder.and (iii) the prQmiums on any mortgago insurance �
<br /> requ+red by LendQr i
<br />_ 6 Malntenance, Repalrs and Campliance with Laws. Trustor shall keep the Property in good condition and �epafr, shail
<br /> promptly repair,or roplpce any irnprovement which may be damaged or destroyed;shall not commit or permit any waste or deteriora- � •
<br /> t�on oi lhe Proporty:shall not romove,damolish or substantially altQr any oi thQ improvements on thQ Property;shall not commit,suffer
<br /> or pormit any acl to be donQ in or upon iho Property m violatfon of any law,ordinance,or regulation; and�hall pay and promptly dis- ,
<br /> charge at Trustor's cost and expense all liens. encumbrancos and charges leviad,imposed or accnssed agamst the Proporty or any
<br /> part thorQOt
<br />-; 7 Eminont Domaln. Lender�s hereby assigned all compansalion, awards, damagas and othor paymonts or relief(h�rem8(ter
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