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<br /> ��5 � �'� � � D�OF'�UST VUiY1�9 FUl'URE ADViO@�CES
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<br /> ' - � �- `3 THIS O�D OF TRUST,ts mada as of the 19TH day oi FEBRllARY .19 98 .by and among F� �,s -
<br /> , .. ,.T�k . .__ '_
<br /> " theTmsmr, GORDON L OCKIN&A AND MARGERY A OCKIN6A HUSBAN� ANfl WIFE -•� �----
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<br /> `� � '� � whosemailingaddressis 1A1t1 CTOitFY RARK I'iR ['RAf�fl TCI9Nt1 NC �RRA3-(hBtE�R�fUStOr,YlhBUtetOR80frt10TB), � ��!'��`,'''"-�'-==-
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<br /> � � theTn,stee FIVE POINTS BANK A NEBRASKA CORPORATION �::;.�-
<br /> . , , - �..;ti•_
<br /> �;�. � : ' whosemaID�rgaddressts P 0 BOR 1507 GRAND ISLAND NE 68802 (her�tn'tnistee'.and �.�`_°:�r.;_
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<br /> . ` . ` theBeneftdary, FIYE PQINTS BANK �`:i�`-
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<br />_ whose maefing addressts 2015 N BROROW�LL AVE�BANn rc�eun uc 688A� —(h�n��• '�?J-��
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<br /> ��' ` ��=�"��'_ FOR p�.,u�gt�CONSIDERAT[O tn��tudin Lsndersextensionotcredttidsntifiedheneinto ,;.;fi,:;�,..�..�:
<br /> ' . �ORDEN L. QCKINGA A� MARG�tY A. O�KIN6A '•.�-��-
<br /> �, ..::.. ` °,�;• (herein'Borrower;whether one or more)and the trust herein aeated.the�eceipt --- _
<br /> � of afi1cA(s hereby actmaw►edged.�'�usUor hereby irtevocabty grant�,transfers,canveys and assigns to TasUea.IN TRUST.WITH ;�_�.
<br /> � . ' ` POINER OF SALE.�ar the benefit and sec+�dty of L.ender.under and subject to the tertns and conditions hereinafter set toM.fhe real 'S �,.�
<br />" • Dropertydes�aibedastoltaws: '„�`;�---_-
<br /> • �� � � L07 TldO (2), PARK GAKDEI3S FIFTN SUBDIVISION, IN THE CITY OF -= '--='�.�:LL
<br /> "' - t.n GRAl�D ISLAND, HALL C011NTY, NEBRASKA • -
<br /> ;�?� • , � • . .. :�—
<br /> ` . ' �� t , Together with all buitdings.improvements.fixWres,streets.a1teS�s,PassagewaYs.easemer►fs.dgfits,Pr[vileges and appurtenances �r%-,a,
<br /> ` . � _�.' `. tacafled thereon or in anywise pertaintng ti�areto.and the rents.(ssues and profits,reversions and rematnQers thereaf,and such per- • : �
<br /> • ' sonal propeRy that is attached to the impravemertts so as to constiWte a fixriire,induding,but not funited to,hea4ing and caoting eqafip- �:�-
<br /> . �� � - .� menx and together wiih the hamestead or marftallnterests.if any,which intet�ts are hareby ceteased and watved;a(I of which,inctutt� "�'�
<br /> ,`'�° ing reptacements and additlons thereto,is hereby dectared to be a part of the real esta�e secured by the Iien ai thls Oeed of Tnist and . ;, `��_
<br /> . -. . _..
<br /> � � a11 of the foregotng be(ng referred to heretn as the'Propert�. . � >`��--
<br /> '4 .�����;..•�• This Oeed oi T�ust sha0 secure{a)the peyment o1 the pr(ncipal sum and iMerest eviQenced by a promissory note or cre�it agre� •:!�*E`�-��'
<br /> . ment dated FEBRUARY 19 1998 .hav)ng a maturity date af FEBRLIAR_Y_�(l, 03 �-. _-`�`'''"--
<br /> .���; �� - • in tfie orlginal pdncipal emount oi$ 11 200_00 .and any anQ a0 modificaUons,extensions and renewats
<br /> • � thereof or thereto and any and all t uture a d vances an d rea dvances t o B o r ro w e r(o r a a y o i t h e m i i m o r e t h an one)heceunde�pursuant .-.':�Y
<br /> f `�� , �•`�s '� to one or more promissory nates or credtt agreemenis(herein calted'tVote'y;(b)ths Dayment ot other sums advanced dy Lender to ,.���_:... .__-
<br /> =:���; ' . � protect the secudry oi fhe Hote:(c)the pedormance oi all covenants and agreemenis ot Tnistor sat forth herein;and(0)all presertt and . •� 4:_�;�:
<br /> ' � . ,..'•* future indebtedness and obBgations o!Borrawe►(ar any ot them it more than one)W Lender whether direct,inQireq.absolute or oontin- r.``�: - �
<br />- � ' . gent end whether arising by note,guardnry,overdraft or otherwise.The tJote,this Oeed ot Trust and arty and all ofher documents ihat � �'�-���_
<br /> . � { •-,� � :'. -
<br /> secure the Note or otherwise executed in wnnection therewith. inctuding without IimitaUon guarantees,security agreements and , . --• = -- .
<br /> • � �� assignments of leases anQ rents,sha11 be referred to herein as the'4oan tnsWments'. -.�-��-�-
<br /> � Trustor covenants and agrees with lenGer as follows: " : .
<br /> � 1. Payment of indebtedness.Ail ir.9ebtedness secured hereby shall be pald when due. .
<br />-- Z. Tttfe.Trustor Is the owner oi the PiropeRy,has the dght anC authorlty to convey the Peoperty,and warrants that fhe tlen creat- �
<br /> :�ti;'! � � � ed hereby Is a Arst an0 pdor 11en on the PropeRy,except tor flens and encumbrances set foRlf by Tn�stor in writing and detivered to �• . . .
<br /> � ? Lender befare execuUon of this Deed ot Tnist,and th�executlon and delivery of this Deed of Trust Qoes noi vlolate arry oontract or •
<br /> `•� ti i other obligation to vuhich Troswr is subject. � , �
<br /> � • . .�; 3.Ta�ces,Assessments.To pay beinre detinquency all taxes,spedal assessments and a:i other charges agalnst tfie PropeRy � �
<br /> : now or hereafter fevled. , ,
<br /> .�,;;! 4.Insurance.To keep the Property insured agai�st damage b�fire,hazards inctuded wlthin the term'extended eoverage',and : _
<br /> :�;� � such other hazards as Lender may require,in amounts and with companles acoeptabia to LenQer,naming LenQer as an addiUonal � •
<br /> • . F named insured,with loss payabte to tl�e l.ender. In qse oi loss unAer such poticles,the Lender is authorized to adjust,oolted and . � • .
<br />� • • compromise.all ctaims thereunder and shall have the opUon oi apptying atl or paR of the insurance prooeeds(i)to any indebtedness :
<br /> � � secured hereby and in such order as LenCsr may detertnine,(ii�to the Trustor to be used for the repair or restoraUon of the P�seRy or . .
<br /> . F (iii)for any other puryose or obJect satisfactory to Lender without a4ecting the lien oi this Deed oi Trust for the tutl amount secured • . .
<br /> , 3 hereby before such paymenf ever took ptace.Any apy'.:cations of proceeds to Indebtedness shall not extend or postpone the due date �
<br /> �, � � � o!any payments unGer the Note,or cure any detauit thereunder or hereunder.
<br /> 5. Escrow.Upon written demand by Lender,Trustpr shall pay to Lender,in such manner as Lender may dosignate,sufflcient � ,
<br /> � sums to enabte Lender to pay as they bewme due one or more of the tollowing:(i)all taxes,assessmenb and other charges againsi •
<br /> the Property, (ii)the premiums on tfie property insurance required hereunder.and(iii)the ptemlums an any mortgage InsuranCe .., , ,
<br /> � � required by lender. • �' �
<br /> • 8. MaiMonanee, Repairs and CompUance with Laws. Trustor shall keep the PropeRy in good condition and repair; shall .
<br /> t,.:;; � � prompUy repair,or reptace any improvement whicfi may be damaged or desVayed;shail not commit or petmit any waste or deteriora- , , .
<br /> • � tion oi the Property;shall not remove.demolish or substanUaily atter any oT the improvements on the PropeRy:shall not oommit,sufler
<br /> • ' � or permit any act to be done in or upnn the Property in violaUon o}any taw,ordinance,or r�gutaUon;and shail pay and promp8y dis- �
<br /> � charge at Trustors cosi and expense all liens,encumbrances and charges levied,imposed or accessed against the Property or any . ,•
<br /> � ' part thereoi. . �
<br /> .,�i � . 7. Eminent Oomain.Lender is heroby assigned ail compensation.awards, damages and other payments or relief(hereinafter ; .
<br /> . _ .
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<br /> � �f�N]'�NI flaN 4��l��O�CAlMI YM SNYpf AffYatfM IfKON NlOrl541
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