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<br />- ` DEED OF TRUST WIT0�1 fFUTUt�ADi/A�10ES ` ;, .� ' .
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<br /> ( �•� _ � THIS DEED OF TRUST,is made as ot the 247H day ot FEBRUARY _.19 98 .by and among� � " -,;-
<br /> rsrr � ��cnnncttn rn�onon'rtON �' . .t
<br /> �' " theTnrs[or.. GRIMS HUME REPAIR�,� , - _
<br /> �� 1724 11TH AYE., ST. PAUl, NE 68873 (hereln'Trustor,whetheroneormore). � y ` � �' '� ""�'�
<br /> • .. whose maiGng address is � -
<br /> . �. • �'�_,
<br /> ; �. - � meTn,stee FIVE PUIN7S DANK A NEBRASKA CORP�RATION - __
<br />',t � , whose[na�lingaddressis an anx ��nT rvnun rc�aavuF �AS�02 15D7 (herein'TrusOee'.and � - : �
<br /> :�:
<br /> ;r� ,
<br /> .. ., �` � -
<br /> _ � ;; tha Beneft�ary. .,�..�
<br /> - r::. �- -_
<br /> • . - whosertesiling2ddressis 901� M BROAQW�1 L rn�.�n rc�nun ��c Gflcn�_t5n� (he�ein'LenQet"). � ._—
<br /> , - - - - - ���
<br /> ` �� • `� � FOR VALUABLE CONSIDERATION,including Lende�s extension of credit idenUfied hecein to_(;RTM� HOdF RFPAT R� i NI___ �
<br /> �
<br /> �;. �_
<br /> _ . � l (herein'Borrawer'whether one or more)anQ ti�a trust herein c�eated,the receipt _ q�-:,
<br /> - � f,.¢ of which is hereby admowtedged.Trustnr hereby irtevocabty grants.transfeis. conveys and assigns to Tn�stea. IN TRUST. WITH .. ��_�
<br /> •=F POUYER GF Si11E,for the 6enefit and secudty oi Lender,under and subject to the terms and conditions hereinafter set fotth,the real =
<br /> � , property desrxi6ed as fiitows: .r� �� =-
<br /> ' � :t _
<br /> : - . LOT ONE HUNDRED EIGHTY-FIVE i185), IN WEST LAWN, CITY OF GRAtdD ISLANO, HALL . __:
<br /> � . . .,�.k COUNTY, NEBRASKA. . , —
<br /> ` . , ��t�� . ��;�':
<br /> � � '' '• Together with aU buildings.improvements.Podures,streets.atisys.Passageways.easements,dghts.Prtviteges and appurtenanoes • �`:,��'.
<br /> .;• ... --
<br /> - {; located ti�ereon or in anywise pertaining theretu,anct the rents,issues and profib,reversians and remanders thereof,and such per- :�. _
<br /> sonal prope.ty that is attached to the improvemer�ts so as to w;istitute a fixture,inGuding,but not limited to.heaUng and 000ling equip- �:"!�� ..j--:•
<br /> � menx and together with the homestead or marital interests,if any,which interests ara heceby reteased and watved;ail of whtch,indud- � � , ����=`
<br /> • � 1ng repiacements and additlons thereW.is hareby QeGared W be a part of the real estate secured by tha Uen of this Oeed oT Trust and ` �� • .�•���;�;-.
<br /> aD of the foregoing being referred to herein as the'Property�'. .`y;=;
<br /> : This Deed oi Trust st�all secure(a)the payment ot tha principai sum and interest evJdenced by a promissory note or cfedit agre� .�e:
<br /> • � ment Gated havfig a maturity date of � =
<br />_ ' � � . � ,
<br /> • � �� in the orFginal pdnciDal amount oi$ 16,��0 5n .and any and alt modifications,extenslons and renewats • _-
<br /> r ° ' thereof or thereto an0 any and ail future advances and readvances to Borrower(or any oi them if rnore than one)hereunder pursuant � —
<br /> �.�`���� � . � to one or more promissory notes or credit agreements(herein calted'Note':(b)the payment of other sums aQvanced by Lender to • �� � _
<br /> '' �� '� � • � protect the secudly of the Note:(c)the perfurmance oi a8 wvenants and agreements ot T�ustor set forth herefi:and(d)aii present and _ _
<br /> = • • fu�re Indebtedness and obligaUons of Borrower(or any oi them If more than one)to Lende�whether dired,i�direct,absotute or conUn- �����'� � .-
<br /> '` � � . � gent and wheiher azising by note,guaranry,ovardraft or otherwise.The Note,this Oeed of Trust and any and aU other documents that ` •"..`
<br /> �'� > ;�' � secure the Note or otherwise executed ln connecUon therewith, induding without IimitaUon guarantees, security agreemenb and
<br /> � assignments oi teases and rents,sha11 be referred to hereln as the'Loan tnstruments. � ,
<br /> Ttustor cavenants and agrees with Lender as totlows: � � �
<br /> f 1. Payment o4(ndebiedness.All indebtedness secured hereby shatl be paid when due. •
<br /> ' 2. T(tte.Trustor is the owner of the Property,has the�ight and authodty to canvey the Propercy,and warrants that the ilen creat ,
<br /> ' • � ' � ed hereby Is a flrst and prior li�on the Propery,except for liens and encumbrances set torth by Trus!or ln wriUng and dellvered to :
<br /> . � . � Lender before execution of this Deed of Trust,and the execuUon and deliv�.y of this Deed oi Trust does not viotate any wntract er '
<br /> �' • ° • other obligation to which Trustor is subject. �
<br /> 3. Taxes,Assessmeat8.To pay betore delinquency all faxes,speGal assessmenta and ail other charges agafist the PropeRy
<br />- � � • now or hereafter levied. � �
<br /> . '' 4. Insurance.To keep the PropeRy insured against damage by fire,hazards Included within the term'extendeA coverage',and •
<br /> • : sucb other hazards as Lender may requlre,in amounts end with companies acceptable to Lender,naming Lender as an addlUonaf
<br /> �� . named insured,wiih loss payable to the Lendsr. In case of toss under such pol icies,t he Len der is au t hor i zed to ad Just,c4ltecl and � . .
<br /> ` compromise,all dalms thereunder and shall have the opUon of apptying all or part of the insurance proceeds(i)to any indebtedness
<br /> secured hereby and in such order as Lender may determine,(ii)to the Trustor to be use0 for the repair or restoraUon ot the Property or
<br /> � �,��, . ., (i11)for any other purpose or object satisfactory to Lender wlthout aftecting the Ilen oi this Deed ot Trust for the tuli emou�t secured�
<br />- hereby betore such payment ever took plaae.Any appliptions o1 proceeds to indebtedness shall not extend or postpone the due date
<br /> ��`• oi any payments under the Ivote,or cure any defauit thereunder or hereunder. .
<br /> � ', 5. Eserow.Upon wrltten demand by Lender.Tnistor shall pay to Lender,in such manner as Lender may designate,suHicient
<br /> ' � . sums to enabte Lender to pay as they become due one or more o!the foltowing:(i)aU taxes,assessments and other chargos against
<br /> , the Property. (ii)the premiums on the property insurance required hereunder,and (iii)tfie premiums on any mortgage insurance �
<br /> � � required by Lender. � .
<br /> 6. Matntenance, Repairs and Compliance with Lav1s.Trustor shatl keep the Property in good condition and repair,shall -
<br /> . j promptty repair,or replace any impravement which may be damaged or destroyed;shalt not commit or permit any waste or GeteHOra- � .
<br /> � 1 tion o1 the Properry:shail not remove,demoilsh or substantiatty aiter any oi the improvements on the Properry;shall not commi�suffer •
<br /> ' . -. . j or pertnit any act to be done in or upon the Property in violation of any law,ordinance.or regutation;and shall pay and prompUy dis-
<br /> ' charge at Trustor's cost and expense all Uens.encumbrances and charges levied,imposed or accessed against the Property or any
<br /> � • � paR lhereot. . . �
<br /> � 7. Emi�ent Oomain.Lender is hereby assigned all compensatlon,awards,damages and other payments or relief(hereinafter
<br /> _.. �_ _ . .'_. '" •. NfIC 3151(Noup�uL�ral OMaI Ro.S9B • --_ '—-
<br /> ..�a �t9PENr+onro�efCoRmerceTnNeroSnv�flf4ssocobn lrWn lubas�n . .
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