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<br /> � }`� � DEEO O�7'RUST�llTa!�UTURE AD�/ANCES �. 9S—������ `, , ` ,
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<br /> _ � � ' THiS DEED OF TRUST,is made as of the 24th Qay ot Februarv .18 98 .by and among� �
<br /> M1t<t �` theTrustor, ^~ '"� ^ Mit�hell 8nA .lane F MitcheTl� hnShand and wif � , F.;;:,
<br /> �� z � ..
<br /> � ° ., whose mailing address Is (herein'T�usto�.wt�ether one or more). , .. `,::��
<br /> �'•s` �
<br /> � " `. '� � me 7nucee Five Poin4s Bank a Nebraska Corporation _ '
<br /> - ' � whose maiHng adaresg Is a n a�Y �� � �.�� island: N E 6��02-359? (heretn'Tnute��.and � _ _
<br /> ;r�• ' , •,,- ;
<br /> • �f: tha Beneficiary. Fiva Drrintc Rgpk _ ,i
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<br />>�;. wAosemailingaddressis 9015 N Rrnadweil Av�e �ran iclap,�s NF �AQ� (hecein'Lende�. �"_
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<br /> • FOR VALUABLE CONSIDERATION,includin Lenders extension oicredit idenfifted hecein to harlac n_ Mifrhpll ` � ��'�r
<br /> • ' _____�nA '� - � Mitrhpfl g � - �`.,�_��'_
<br /> ` . + (herein'Borrc►wwer.'whether one or rttare)and the truat here(n aeated.the receipi .,�.��
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<br /> . . ot which is hereby acknowtedged,Trustor hereby irrevocebty grants,transfers,coriveys and assigns W 7rustee.IN TRUST.WiTFI '�;-��
<br /> POWER OF SALE,for the benefit artd security of Lender,under and subjed to the terms and condi�ons hereiriafter set foM,fhe real • •:;--�----
<br /> .. �,r -�--
<br /> • .. ' property QescdOed as foitows: �- -
<br /> .. � Lot Six .(6), Block Sixty-eight t68), Wheeler and Benne�t's SeconG Addittaa to the �; �:`�'
<br /> ''-� , � � . City of Grand Island, Hall County, Nebraska. _ � _
<br /> , �•,. . _ _
<br /> • , ._5 ..`�'{ti:-_'.:
<br /> � � � 7ogether wiU�a0 buildings,improvemenis,ftxw�es.streets,alteys,passageways.easements.�ts.prtvileges and appue6�ances • _--
<br /> � ' � •� �• located thereon or in anywise pertaiNng thereto.and the renb,tssues and profifs,rsversions and remalndars thereof.and such per- �: • � __
<br />_ � � - - - sonal property that(s attached to the Improvemenffi so as to cansdtute a fixWre,inetuding.but rrot Itmited te,heaUng artd caaRng equip- ?--
<br /> r, , .� menk and together with the homestead or maritai interests,if any.which interests are hereby released and wa(ved;ail of which.indud- ''.I.�'-__
<br /> . ing replacemenb and additlons thereto.is hereby deWared to be a part oT the real estate secure0 by the lien oi this Deed of Trust and -�`''`''
<br /> '' •;��,_
<br />. .;� ' �� ;l all of the foregoing�eing referred ro herein as the'PropeRy'. . ;„�;:.
<br /> � . This Oeed ot Tnist shail secure(a)the payment o!the p�incipal sum and interest evidenced by a promissory rrote or credt agre� „
<br /> �`� ' . � _- , mentdated Fahri��rv�9t1�lAAA .havtngamaturitydateoi�ehruar� �, 9n0 . • �-
<br /> .,� .
<br /> .�_ -
<br /> �� � � � in the o�fginal pdncipai amoum of$ 11,717-8 _ _.and any and all modi�caUons, extensions an0 renewats .• _
<br /> ��:�•. .
<br /> _, . : thereof or thereW and any and ail future advances and readvances to Botrower(or any oi them if mor�than one)hereunder pursuant ,
<br /> �,'. . _ . w one or more promissory notes or credlt agreemenb(herein calted'Note�;(b)the payment oi other sums advanoed by Lender to � -=_
<br /> �-. : ,•� .. �..
<br /> : .��%��'� �� protecl the securit�t of the Note;(c)the performance of a�l cavenants and agreements of Trustor set forth Aerein;ana(�aU present and . � ��''�: . "
<br /> , . ; fuWre indebtedness and obCgaUons of Borrower(ar any of them H more than one)to Lenderwhether dired,indlrect,absoiute or aonUn- 4.�. '�..'';�'�'•��-
<br /> . • gent and whether arfising Gy note,guaranty,overdraft or othenMse.The Note,this QeeO ot Trust end any and all other dacuments that . � '
<br /> , � � secure the Note or othentiise executed in conrtection therewit�, including withaut IimitaUon guarantees, secudry agreemenb and • . -
<br /> �. _ - • assignments oi leases and rents.shalt te referreC t�t�erein as the°Loan insbuments'. �. , ' .
<br />` ���. • � Trus2ar covenants and agrees w"�h E.ender as follaws: '
<br /> � 1. Payment of tndebtednesa.A't ndebtedness secured here�y shall be paid when due. � �
<br /> � , 2. Title.Tmstor is the ovmer oi the Property.ts�s the rlght and authodty to oonvey the PropeRy,and wartants that the lien creat °
<br /> , ed hereby is a fl�st and prlor Ilen on the Properry,excapt for liens and encumbrences set foM by Trustor in writing and delivered to �'
<br /> . Lender betore execuUon of this Deed of Trust,and the execuUon and delivery oT this Deed of Trust�oes not vlotate any contract or • ��
<br /> • ' • other obtigaUon to which Trustor Is su�°ecG .
<br /> 3.Taaea.Assessments.To p�f before detinquency ail taxes,speGal assessmenis and all other charges against the Property
<br />. now or hereafter(evied. F �� '
<br /> � � .�. 4.Msurance.To keep the Property insured against damage by flre,hazards included within the term'extended ooverage'.end . ' .
<br /> such other hazards as Lender may require, in amounts and with companies acceptabte to Lender, naming Lender as an addiUonal ': •
<br /> � . . named insured,wlth loss payabte to the Lender. In case oi loss under such policies,the Lender is author�zed to adjust,coltact and • , :
<br /> • I compromise,aU claims thereunder arC s�all have the optlon of apptying all or paA of the insurance proceeds(i)to any indebiedness �
<br /> , ' � F secured hereby and in such order as Le�.der may determine,(il)to the Trustor to be used for the repair or restoration of the Property or �.
<br /> . .� (lii)tor any other purpose or object satisfactory to Lender without aHecting the qen o1 this Oeed of Trust fer the full amount secured .
<br /> � hereby betore such payment e�ver took place.Any applicaUons ot proceeds to indebtedness shatt n�t extend or postpone the due date �
<br /> ��. • 01 arry payments under the Note,or cure any Cefauit thereunder or hereunder.
<br /> ` :,: '� 5. Escrow.Upon written demand by Lender,Trustor shall pay to Lender, in sucb manner as Lender may designate,sufflctent
<br />- .„ . sums to enabte Lender to pay as they become due one or more ot the toltowing:(i)a11 taxes,assessmenb and other charges against ; •
<br /> • the Property. (il)the premiums on the property insurance required hereursder,end(iii)the premiums on any moRgage insurance �
<br /> • ' �� required by Lender. � . •
<br /> . . ' 6. Malntenanee, Ropalra arsd Compllaneo v�itb Lawa.Trustor shall keep the Property in good condiUon and repair,sha0 ••
<br /> • � prompUy repair,or reptace any improvement vfiich may be damaged or destroyed;shali not commit or permit any waste or deteAora- � .
<br /> � ! tion ot ttis Property:shall not remove,demotish or substantially alter any o}the improvements on tho Property:shall not commit,sufter • . .
<br /> � • � � or permit any act to be done in o►upon the Property in vlolation ot any law,ordinance,or regu�ation; and shali pay and prompUy dis- �
<br /> ; � .charge at Trustor's cost and expense a�t liens.encumbranc;es and charges tevied.Imposed or accessed against the Praperty or any �
<br /> . , . part thereoi. .
<br /> • 7. Eminant Qomain. Lender�s hereby assigned all compensation,awards,damages a�d othAr payments or relief(hereinafier �
<br /> . �. L._.'_.
<br />__-_ .._...__�'__.- I�C 115/I�idL�.LL+11�00U11fOV�i% - .� � �.� ..�._.
<br /> . � t)�i6B IUC�YHIQNJ u1 C�1flMK0lr;�y1 W:Grlqf AStOfd.W�I KLT NOGiSY . . � ' .
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