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<br /> N DEED t�F TRUST WITH �lJTUlBE ADVANC�S :
<br /> ;,'.
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<br /> ' THIS DEED OF TRUS7',Is made es ot Ihe 7th dey of Fe b ruary ,18 97 ,by end emong� . . � .�;:� �
<br /> ��:�5��
<br /> . „ + theTrustor, Elsie M. LiHentnal. an unremarwied widow � �.�a_�
<br /> � \G ..,.,,�;-��-.___
<br /> whosamaflingaddressls 14A5 W. 5th Street, Grand Island. Nebraska�nerein°rn,stor,whetheronearmore), ,.R�;;._ --�.��
<br /> . t. • `"-
<br /> t:��;x:
<br /> . ' theTnistee Five Points Bank, a Nebraska Corpora�ion ��. .. _
<br /> �.
<br /> � whose malling addr•3ss Is P�0_ Rn x ]507� G r�n d I sla n d� N E 68802-1507 (herein"7rustee'),and '�=�'= ___
<br /> °��;= -
<br /> theBeneflciary, Fiv�Pnints Rank �-`.'�"_v�
<br /> �{,;�.; whosemailingaddressla 2015 N_ Broadwell Ave.,, Grand Island, NE 68803 (herein'Lende�'). ��"�^�
<br /> ,;�°
<br /> FOR VALUABLE CONSIDEFlATiON, induding Lender's extension of credit Identifled hereln to M•ic hael Lilienthal �'° �.:
<br /> , ' — a n� A m.�p JL_Lili P nth al �,�
<br /> �•4• (horeln"Borrower,"whether one or more)and the trust heroin created,the recelpt
<br /> of whlch Is hereby acknowledged, Trustar hereby Irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST,WITH >' ''
<br /> "�`� POWER OF SALE,tor the benefit and securirj of Lender,under and subject to the terms and conditlons hereinafter set forth,the real �
<br /> propertydescribedesfollows: LOt One (1) of the County Subdivision of Lots Five i5) and S1x
<br /> ' (6) in Sectton Nine (9)� Township Ten (10) North, Range Nine (9) West of th� 6th �
<br />. P.M.. and Lot One (1) and the Northeast Quarter of the Northwest Quarter (NE�NW�)
<br />- . .. and the Northtvest Quarter of th� No►~theast Quarter (N W�NE��, Sectio��q Sixteen (16). :
<br />-� ' 1'o w�s f�ig Ten c}�y N�rth R a n�e i n e� (9) West of Y,he 6th P.,M. Ha Cour►t�r t�ebraska ��-
<br /> •;`����. oge r w th alt bu I ings, mpro%ments, xtures,s raots,�Ileys,passageways,easer�ents,rights,pr�vilegos and eppurtenances
<br />-�r' ' • ';�:� located thoreon or fn anywise partoining thereto,and the rents, Issues and proflts,reversiona and remainders thereof,end such per-
<br />�4:;.:s�. sonal property that is ettached to lhe Improvements so as ta constitute a flxture,including,but not Ilmited to,heating end caoling eyulp- b`
<br /> - . •:M menh and together wlth lhe homestead or meritel(nterests,It any,which fnterests are hereby released and waived;eil of wh(c:h,Includ-
<br /> _- ._ � ing replacements end add(tions thereto, is heroby declered to be e part of the real estate secured by the Ifen of this Deed of Trust and
<br /> " • ,�," all of tho forec�oing being referred to her�in es the"Propert�'.
<br /> 3_�..„�., . • This Deed of Trust shall secure(a)the payment of the p�incipal cum and interest evidenced by e promissory note or credR agroe- �!`_�
<br />�,t•::;� .•.., mentdated F r 7 1 QQ7 ,hevin e matuN dato af FAhruarv 1 00 -
<br />_;�;�, ...�..,�. Qbrua �r , s �Y �,�i. 2 2 .
<br />�,�;°'`�'�', in th� originel principal amount of� 25y n2i_no , and any and all modlflcations, extensions and renewets
<br /> -----;i;:=��r�:.�.� thereof or thereto end any end all future advances end readvences to Borrovver(or eny of them if more than one)hereunder pursunnt
<br /> ��`�F����'��� to one or more promtssory notes or credit egreements (herein calied'Noto");(b)the payment of other sums edvanced by Lender to
<br />-�-ti:•'��`�., protect the securfty of the Nota; (c)the performance of all covenants end agreements oi Trustor set forth heroin;and(d)all present er�d
<br /> � ' ` f���'�.:� future Indebtedness and obligatians nf Borrower(or any oi them if more then one)to Lender whether direct,indirect,absoluto or contin•
<br />:F,����`"=� gent end whether arising by note,guarenty,overdraft or otherwise.The Note,this Deed oi Trust end eny and all other documents that
<br />_ ';��'"fbi�`� : secure the Note or otherwise executed in connection therewith, Including without Ilmitation guarantees, security agreements end -
<br /> _�;,.�:-;;���� assignments oi loases and rents,ohall be refe�red to hereln as the"Luan Instruments".
<br /> =�r_:-' — Trustor wvonants end egrees with Lendoras foilowa; �
<br /> -��,.�'�'`""`°•` � 1. Payment of Indebtedneas.All indebtedness secured hereby shall be pald when due.
<br /> z._•=`�_,.+�.-�j 2. TtUe.Trustor Is the owner of lhe Propedy, hae the right and authority to convey the Property,and warrants that the ilen creat-
<br /> _, .�.,.• �",,-. ec7 hereby Is e flrst and prior Iien on the Preperty, except Tor Ilens end ancumbrances set forth by Trustor In writing and delivered to
<br />- Lender betore execution ot this Deed of Tmst,and the executlon and delivery of thls Deod of Trust daos not vfolato any contract or = _—_.__
<br /> . - - other obligation to whlch Tnistor Is subJect. �;°°---��,�.;
<br /> . '`' 3.Taxes,Assessment�. To pay before dolinquency aIl taxes, sper,lal assessments and all other charges agalns�t the Prope►ty °.�°°°.`°..-
<br /> '�`�� now or hsreafter levfod. •�-_�-�--=�•��__�
<br /> 4.Inaurence.To keep the Property Insured against damage by fire,hazards included within tho term"eMended coverage",and �?rk�'?'�""'�'�'�"""k?
<br /> - • . such other hazards as Lender may requlre, in emounts and with companles ecceptablo to Lender, naming Lender as en additional _::!�„���:
<br /> ' �� named insured,wlth loss payabfe to the Lender. In case ot loss under such policies,the Lender fs authorized to adjust,collect and ;.';".;��;� ' -�
<br /> Fa:
<br /> �;,=`r compromise,all claims thereunder and shell have the optlon of applying all or part of the (nsurence proceeds(q to any Indebtedness •• ����;:�; ' ••
<br /> - • secured hereby and In such order as Lender may determine,(if)ro the Trustor to be used tor the repair or restoretton of the Proporty or � �;f�`; .., �
<br />_ � ,, (tlq for any other purpose or object saUsfactory to Lender without affectinp the Ilen of this Deed of Trust for the full amount socured � ' "'°�-^����
<br /> . � �.r�.... ::',r•":i. .
<br /> ., heroby betoro such pay�pent ever took place. Any apptications ot proceeds to Indebtedness shail not extend or postpone the due date � • '�'.;.. : .
<br /> '� of any payments undor the Nota,or cure any detault thereunder or hereunder.
<br /> ' ` = "
<br /> - � __ _.� -r:
<br /> - - 6. Eacrow. Upon writton demantl by Lender, Trustor shail pay to Lender, in such manner as Lender mey designato, sufficient
<br /> sums to enable Londer to pay as they bocome due one or more of the tollowing:(i)all texes,assessmenLs and other charges egalnst • "
<br /> = �� the Property, (II) the premlums on the property insurance requirod hereunder,and (III) the premlums on eny mortgnge insuranco �
<br /> " raquirad by Londer.
<br /> • 6. Metntenartce, Repalrs and Complianco with Laws. Trustor shell keop tho Property fn good condition and repair; shall �' �
<br /> promptiy repafr,or reptaca eny improvement whlch may bo damaged or destroyed;shall not commit or porm(t any Kaste or dot��lora-
<br /> tion of the Property;shall not remove,demollsh or substantlally eiter eny of the Improvements on the Property;shall not commit,suHer ,
<br /> or pormit any act to be done In or upon tho Property In vloletion of any law,ordinanco,or reguietfon;and shall pay and promptly dis-
<br /> chargo et Trustor's cost and oxpenso eil Ilens,encumbrances and chargos Iovied, Imposod or accessed agalnst tlie Property or any
<br /> part theroof. '
<br /> 7. Eminen4 Domeln. Lendor fs hereby asslgned aIi compensalfon, a�vards, damages and other payments or roliof(horelnaRer ��u
<br /> r.ocs�ertr+onwr+�ro.wie�.»o
<br /> O IOEE NroonY NN af CamMroTnn1 W$ewipf MtorotM.lrcWn.MHvesAi
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