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<br /> •- DEED OF TRUST Wi1'li �U`fURE ADVANCES � -
<br /> ,��;rr d
<br /> .� THt3 DEED OF TFiUST,la made ae ot the��_daf►o� F e b r u a r v __.._,18 9 7 ,by and emong \
<br /> .��� y`�,�
<br /> •'�:.r�.• ��nP M i arqon HnRh�.nd ? Wj„fe and .Ief£rev, L.
<br /> �'�;�; . theTrustor, Daci i i nrann and ('athp
<br /> _.,,A;_�, T,� All ae Tenants in Common
<br />-_=�:��:,�� Sheeka and Linda Sheeks � Husband & Wife, �_�herein'TNSto�',whetheraneormore),
<br /> �`'..".,� YVt10Se rtt8�iing Bddf�gSb o, . c� a r..�...,a..r ;r
<br /> � '�a—eraisv s "i
<br />'=�����:�� 68801
<br /> - .,:�
<br /> �.:�� theTn��tee ��.ve Pointa Bank_ a Nebraska_Cor oration
<br /> '==��a�'�
<br /> _ �������e�y� p n n�. �s n� f�•�T a�p^� , N E h R R f19—1 S(17 (heretn"T�ustae',a�d
<br />-�_`�-=--� Fi ve Points Bank
<br /> - the Benefldary.
<br /> - >> ('r a n� T a 1�n rL *'�' �A A�2 (herein`Lende�.
<br /> _�;-..:;t�� wtwse mailirtg address Is �01 S N R T fl A(I V P
<br />-__�-.�.� FTR, Inc. and
<br /> FOR VRLUABLE COtS81DERATtdN including Lerxiers extensbn ot credit identified hereln to
<br /> �;�.A,�� Aavid L. Lareon and �atherine M. Laraor� and Jeffre L. Sheeks and
<br /> -- .�n ., c aa. a n ac �rw+ettF�(herein'Borrower,"whether one or more)and the tNSt herein createcf,the recetpt
<br /> �"��� of wh{ch Is hereby ackno ,7rustor hereby IRevt�cabfy grants,trensfers, comeys ana ao�iy��s t'v Ttuotso. s��T.'!l�T�w�'i!�!
<br />_.. .�..__'�a�9a�
<br /> POWER OF SALE, tortho benefit and security of Lender,under and subJect to the terms and conditiw�s heretnafter set torth,the
<br /> ---�—.-- P�nY�ribed a9lolfows:
<br /> -- LOT TGO (2)� FONNER THIRD SUBDIVISION� GRAND ISLAND� HANEBRASKAY�
<br /> -_-�?� Together with alibuildings,Improverrants,flxtures.streete,alleys,pessagew►aya,easements,�ights,Privlleges and appuRonancea
<br /> located thereon or in enywlse pertalning thoreto, and the rents,issues and profits,reversions and remalndors thoreof,and such F►er-
<br /> - --- sonal property that 3s attached to the improvements eo as to constitute a flxture,Ir,�ctuding,but not Iimited to,heaUng and cooting equip�
<br /> ment;and together v�th ttie homestead or madtal interests,ft any,wh{ch Interects are hereby released and waived;all of which,k�clud-
<br /> �ny�eplacements and edditbns thereto,Is hereb�►declared to be a part oi the rea1 estate secured by the lien of this Dsed ot Tnist and
<br /> aN of the toregotng beln9 refertecl3o herein us the'Proporty'•
<br /> Th{s Deed of Trust shull secure(a)the payment of the pdncipal sum and interest evide►�ced by a prom!ssaY�ote w crodit egree-
<br /> �t�� ., � „ 997 _,havingamatudtydateot j�'Iarrh 30� 1q97 & anotlier
<br /> note dated February 14, 9 haY ing a maturity date of February 14, 1998.
<br /> tn the ori�linal principd amount of S 2�� �93.00 . and any and ali modificaUonr�,extensbns end renewals
<br /> r
<br /> _ — lhsrsof os ttw�+o wnd any and aA tuture advances end readvances to Borrower(or any ot them It more than one�hereu r pu�suan
<br /> ____�._ ta one or more prosnisscxY nates or credit agreements(herein ca��ed-Noie'y�(5)��a�ycrozt ot othsr�!ms awanced by Lencler to
<br /> protect the secudhl dthe Note�(c)the performar�ce of atl covenants and agroements of Trustor set torth hereU;and(d)ell present and
<br /> future indebtedness end obligatlons of Borrower(or any of them It more than one)to Lender whether direct,indirect,ebsolute or onntirn
<br /> gent and whether c�dsing by note,guaranty,overdreft or othervvise.The Nate,this Deed oi Trust and any and ell athar documents that
<br /> secure the Nate or othervuise executed tn connection therewith, including wfthout IIm(taUon guarsntees,securiry agreemenls and
<br /> assignments of leases and rents,shall be reterred to herein as the"Loan Instmments'.
<br /> Tnastor covenants and a9rees wlth Lender as fol{owa:
<br /> �:� �, p�ymsnt of�nd�bt�dness.A!I indebtedness secured hereby shail be patd when due.
<br /> �`.� 2, Ttq�.Trustar is the owner of the Property,has the dght and authorfiy to oonvey the Propercy,and warrants that the li�n craat-
<br /> _- ��� od hereby is e 8rst end prior Ilen on the Proporty,except tor liens and encumbrances set tonh by Trustor in w�iting a�d delivered to
<br /> �""•°�`--:� 6,encler betore execulb�of 4hia Deed of Trust,and the excicuUon and delivery oi Mis Deed of Trust does not vlolate any contract or
<br /> -'"-�-�---'��• other obli�ation to whlch Trustor is subject.
<br />-•���` L 3.T�x�s,Ast�sm�nb•To pay before de8nquenayr alt taxea,special asses3mente and all oiher charges ac�alnst tho Propsrry
<br /> -�,��;,• .
<br /> now or hereafter I�vied.
<br /> - ;�'�- 4.Insunnc�.To keep tha Property tnsured egalnst damaye by fire, hazerds InGuded withfn the tertn"oxtendad cover8pe",and
<br /> �?.z�'`':�"" such hazards as Lender may req�aire, fn Rmaunts and with oompanies acceptable to Lender,naming Lender as en additional r►amed
<br /> ��;:��`' �'' insured,reith loss payable to the Lender.In case of loss under such policiss,the Lender is authorized to adjust,ool{ect and compro-
<br /> �'�.�'�'.��' mise,all clafms thereunder and shall nave the option of applying ali or part ot the Insurance proceeds(q to any indebt��sec;re�!
<br />;�;,.= hereby end In such order as Lender may detormine.(iq to the Trustor to be uaed tor the repafr or restoratton ot the Pr or iti tor
<br /> e..,...��,e...�..ry,�.a er nblact satistactonr to Lender wlthout afiec3ing the lien of this DeAd of Trust for 1he full amount securad heieby
<br /> --" _�a.�J.0.��wI ww.
<br /> _.:--•-sqc '•7 ��.�'��'r."_ ' _ •
<br /> - �"";�� before such paymenl ever took piace.My ePPlications of proceeds to IntleDtedness snaii noi eaioini v��y,�,�.o�.R....o..a�a...w.;
<br /> �_`":`�'� " payments under the Note,or cure eny detauH thereunder or hareunder.
<br />-. �.. "�, 5,���w, Upo�written demand by Lender,T�ustee shall pay ro Lendor,In such manner as Lender may des{gnate,suffkbnt
<br /> � sums to enabfo Lender 10 PeY gg theY bec�me due one or more of the tollowing:(i)ail texes,assessments and other ahargas egalnst
<br /> - � ' ' • ;,,�; the Properiy,(ii)the premfums on the proRerty i�surence roqufred hureunder,(Iii)tho premtums on eny mortgaga insurance required by
<br /> � ' Lender. in oud condition and re afr, shaU
<br /> -�` - ''��� �'� 6.AAwintensnes,R�pain�nd Corrpllancs with l.�ws. Trustor shall keep the Proporry g P
<br /> -•• , -"'. ' promp:ly repair,or reptace eny Imp�ovement wh�h may be damaged or destroyed;shall not commit or pennit any waste or deterbra-
<br /> tton of ihe Property�shall not remove,demollsf�or substantially alter any o1 the improvements on the Property;shall not commit,suHer
<br /> ' � � In vlolatbn of en law,ordinanco,o��regulatian;and shall pay ai�d promptty dis-
<br /> �� or permit any eoi to be done In or upon the PropeRy Y
<br /> `:���!�' charge at Trustore oost and expense ell Nons, encumbrances and chnrges►ovied,Imposed or accessed against the Prope�ty or any
<br /> `.,°"�':�. •••�'' : paR tharoof.
<br /> �. ' '"' �`� 7.EmlMnt Dom�in.Lender fa hereby asslgned all compensetlon, awaods.damages and olher payments or rellef (herefnafter
<br /> �ieca+sr�r�arawe►+o..awr av� •
<br />. , -. 0�7eeN.�nwowaca.r+»arn..�wGn*OUwwm�m+�Nauu ,
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