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<br /> `f ,.�.. _. = DEED OF I�LIST 1�lfTH FllTURE ADVANCES ; `
<br />_ � � . � _ `� � �
<br /> `��� ' ' " 187H da oi FEBRUARY .�9 98 ,by aad among ,
<br /> ;t� L .' TH�S�EED OF TRUST.{$made as att�a y �� � , �r
<br /> . �:� � :cc,`�
<br /> `i� , .4 the Tnutor, ..r.- -
<br /> ��� � •• NE 68803
<br /> - ` 3724 ARCH AYE, GRAND ISLANO, (herein'Trusror,wheiheroneormore?, :�.����=:._:`-
<br /> a'' ' • ` � a whose mailing addcess is •�`"
<br /> E`f •. ` . r�." ` the TNSi88 FIVE POI TS BANK NEBR KA CORPORATION =1-
<br /> :�� -
<br /> <�: herein?n�stee'}.and �:.`,....�.. -
<br /> �t: � �. whose maAing address is P A Rflx 1 Ff17� roeNn T c1 alUi] NF 6A809 1 F(�,7 �
<br /> _ t. - .
<br /> � � FIVE POINTS BANK ` '° �°
<br /> , . the Beneficiary, ". ' -
<br /> '(ta.�" `: �' � t�F tiS8�1 (herein'Lende�. -
<br /> =" '°; �: whose mail?ng address is 90t 5 RRdAOWE l_I_� �RAND ISIANII __o
<br /> s:: , :{-. , - _
<br />��'�' ' ' .� FOR VALUASLE CONSIDERATION,inGuding Lenders extenston of credit i�entified herein to �'c � _
<br /> ` TEDOY 0. ROOKS700L ` � �-
<br /> f'�:.f ��.t-�.�,-_
<br /> :;�'; . (h e r e i n'8 o r r o w e r;w h e t h e r o n e a r m o re)a n d t he bust herein c�eated,the rec�eiDt `,�;� ,.M1;1,�_.__
<br />.,M,.�, ' . ... .. , -� T' �-�
<br /> s. ' of whiCh is herehy admowisdSed.T�ustor hereby iRevorabty gtants,transters.ccnveys and assigns to Tnistee,tN TRUST.WITH
<br /> � � .`,'% POWER OF SALE,for the benefit and securfty of Lender,under and subject to the tertns and conditions hereinafter set forth.the reat ,,--,�-r
<br /> ` . . .•,,E. properry Qescribed as folbtivs: - . ;-:_.._ .
<br /> .i�:��. � � LOT SIXTEEN (16) IN BLOCK SIXTEEN (16) IN ASHTUN PLACE, AN ADDI7ION �•. �r-r;�,�.
<br />"..t?:;.'; � , a TO THE CITY OF GRAND ISLANO, HAL! COUNTY, MEBRASKA. . =_
<br /> � .
<br /> � � � rivit es and a urtenances
<br /> ` • "�` Togeih�r v�idfi all buildings.improvements,fixtures.ctreets.atleys.Passageways.easemsnts.�ights,P �S PP ,�'.�x. :
<br /> ' located thereon or in anywise peRaining thereto,and the rents,issues and profits,reversions and remainders thereof.and suct►per- .;;•�
<br /> .'�,,%, ' " ` sonai properry that is attached to the improvements so as to canstitute a ftxGrre.lnGuding,but not timited W,heaUng and cooUng equi� :.,..�. •
<br /> ��, � � menfi and togefher with the homestead or maritai imerests,if any,which interests are hereby�eteased and waived;atl oi whicfi,indud- Y.�, �
<br /> � ing replacements and addiUons thereto,Is hereby deGared to be a paR oi the real estate secured by the Iten of this Oeed of Trust and : .. �r;T__
<br /> aSl of the foregoing being referred to herein as the'Propert�'• , , . _� :
<br /> .,,.�_,
<br /> � This Deed ot Trust shall secure(a)the payment oi the pdncipal sum and interest evidenced by a promissory note or credit agres- ; - r
<br /> ��� : � ment dated 2-18"98 .having a maturity date oi 2-10-20d3 ��'__
<br /> 3 r.
<br /> 1 • in the origlnal pdncipal amount of S �5„635 50 .and any and ali modificaUons,e�ctensions and renewats , _�°
<br /> :°.,'•,, - '" thereof or therew and any and ail future advances and readvances to Borcower(or eny oi them ii more than one)hereunder pursuant ,;-_
<br /> �:;;;�•' • � , to one or moro promissory notes or credit agreements(herein calted'Note�;(b)the payment oi ott�er sums advanced by lender to , :._
<br /> � • �� •� proted the secud t y of the Note:(c)the pedormance oi all covenants and agreements of Trustor set farth hereln;and(d)aD present and _ _-
<br /> ' future indebtedness artd obiigations ot Borrower(or any oi them if more than one)to L en der w h e t h e r d i r e c t,i n d i r e c t.a b s o l u t e or conUn- ..
<br /> • � �.•'i gant and whether arlsing by note,guaranty,overdraft or othervuise.The Note,this Deed of Trust anA any and all other documents that _
<br />,�� ��;� � ' � secure the Note or otherwise executed in connechon therewith.inctuding wlthout Ilmitation guarantees,securiry agreements and
<br /> " . � � . .�� assignments of leases and rents,shatl be reterred to herein as the'LOan Instruments'.
<br /> � � Tt�stor covenants and agrees with Lender as tollaws:
<br /> • 1. Payme�oi Indebtedneas.A►I indebtedness secured hereby shall be paid when due. � .
<br /> •. ��� • 2. Tttle.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 pAor lien on the Prope�ty,excepl for Ilens and encumbrances set forth by Trustor in wriUng and deHveted to , . _
<br /> i` � . • •• Lender before execution ot this Deed ot Trust,and the execution and deJivery of this Deed of Trust does not vlotate any contraG or
<br /> '���' - other obligaUon to which Trustor is subJact. �
<br /> ' ' � 3.Taxea.Assessmenis.To pay before detinquency all taxes,special assessments and all other charges against the PropeRy , .,
<br /> � ' � now or hereafter levied. +� .
<br /> 4.Insuranee.To keep the Property insured against damage by fire,hazards inGuded within the term"extended coverage',and
<br /> �� `• such other ha�rds as Lender may requlre,in amounts and wlth companies acceptable to Lender, naming Lender as an addiUanal
<br /> '� ' - named insured,with loss payable to the Lender.In case ot loss under such potiGes,the Lender Is authorized to adjusi,cullect and
<br /> ,, compromise,all claims thereunder and shall have the optton of apptying all or paR oi the insurance proceeds(i)ta any indebtedness
<br /> ; � secured hereby and in such order as lender may determine.(ii}to the Trustor to be used tor the repair or restoraUon of the PropeAy or , .
<br /> �; , ' pii)tor any other purpose or obJect sadstactory to Lender without aHecBng the lien o1 this Deed ot Trust for the tull amount secured .
<br /> heroby beiore such paymeni ever took place.Any appllcaUons of proceeds to indebtedness shalt not extend or postpone tha due date
<br /> � � of any payments under ihe Note,or cure any default thereunder or hereunder. ,
<br /> ;- :,.; . . 5.Eserow.Upon written demand by Lender,Trustor shall pay to Lender,in such manner as Lender may designate,sufficient-
<br /> • sums to enabte lender to pay as they become due one or more o}the totlowing:(i)all taxes,assessmenta and other charges against
<br /> -;, � ? the Propedy, (ii)the premiums on the property insurance required hereunder,and(iii)the premiums on any mortgage insurance
<br /> 'a '� ' required by Lender. �
<br /> � � � I 6. Maintenanee, Repairs and CompOanee wltb Lav�s. Trustor sha►1 keep the PropeAy in good condit:on and repalr,shall
<br /> "' � � � prompUy repair,or replace any improvement whfch may be damaged or desVoyed;shall not commit or permit any waste or detedora-
<br /> � . � � tion oi the Property:shall not remove,demolish or substantially alter any ot the improvements on the Property;shall not oommit,suffer
<br /> : •� or permit any act to be done in or upon the Property in violation of any law.ordinance,or regulation:and sha►1 pay and prompUy dis-
<br /> ,�" . � charge at Trustor's cast and expanse all liens.encumbrances and charges levied,imposed or accessed against the PropeRy or any
<br /> j •:": .�• , � part thereot. .
<br /> � 7.Eminent Domain.Lender is hereby assigned all compensation,awards.damages and other payments or retief(horeinafter
<br /> �'i rmcs+�tir�r•�auro..ma«sAO . -_
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