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<br /> ��• , DEED OF TRUS'�WITH FUTURE ADVANCLS
<br /> � r ��_ -
<br /> �� THIS DEED OF TRUST,is made as of the 14T}L_deY of �BRUARY , 18_� _�by end among �
<br /> ';,:,,�•:'� the Trustor, �
<br /> ' ��'� NE 68801
<br />���'`;s;'- whose mailfng address Is 505 LINDEN AVE., GRAND ISLAND, (horeln"Trust�r,whethor one or more),
<br /> '�.F:.:,
<br /> :���.
<br />�,r'� x'. theTrustee
<br /> . ;};�.
<br /> ��� ' whose mailing address Is P•o• BOX 1507� GRAND ISLAND� NE 68802-1507 (heretn'T�ustee�,and
<br /> "�� � ihe Beneficiary, FIVE POINTS BANK
<br /> •�z�.'. .
<br />��=»;$>R!7" Z015 N. BROADWELL, GRAI�7D YSLAND, NE 68802 (hereln"Lendef).
<br /> whosa maiUng addresa Is
<br />'�-=�-�A� =�� FOR VALUABLE CONSIDERATION,including Lender�extenslon of credit Identlfied herefn to �• INC. AND
<br /> �`=--— DAVIA L LARSON AND CATHERINE M LARSON AND JEFF EY L. SHEEKS A D LI SHEERS
<br /> -==��°�� ec rne�e�r _ (hereln'Borrower,"whether one or mare)and the trust herein created, he receipt
<br />—=-�•s�•��� n�n�.h �.a'�'�'hero y€aCknowteds�,Trustor hereby imevocab�y grants,transiere,conveys snd assigns to Trustee,IN TRUST,WITF9
<br />--�=:,A;,��,� POWER OF 9ALE,tOr the beneTit�rtd se�udty ot Lender�wder and subject to tne terms and condiaons i'K,�ai��aYo�ooi N:tt,th�;,sr.:'.
<br /> '"�--= prop9rty described as tollows:
<br /> ��;;�,,. SEE ATTACHED EXHIBIT "A"
<br /> .��
<br /> -- --° Together with all buildinga.imprrnrements,flxlures,streets,ellsys,passageways,easements,dghts,prnrlleges and appuRenances
<br /> located thereon or in anywise peRaining thoreto,end th�rents�Issuea and proflts,reverslona and rematnders thereol.and sucb per-
<br /> —_-_-- sonal propaRy that is attached to the improvements so es to constitute a flxh+r•e,inctud(ng,but not Iimited to.heaUny and cooiing equip�
<br /> — ment;and tagethor with the homestead or macital IntArest�,B any,whtch interasts aro hereby releasod and walved;all of which,inctud-
<br /> ing reptacements and edditions thereto,t�hereby deNared lo be a part of tho real estate secured by the Ilon ot thio Deed of Trust e�cl
<br /> aU ot the toreQofng being referrod to herein as the"Properi�.
<br /> This Deed of Trust shall�seaire(a)the payment ot tiie pr+lncipal sure�end Interest evidenced by a promissory nofe or credit agree- _
<br /> ment dated �uRA�tsAV�_�QQ� ,having a maturiry date of��30, 1497 eND ANOTI{ER
<br /> NO'TE DATED FEBRUARY 14, 1gg7, gAVI G 1�hU1TURITY DATE OF FEBR��►RY �4 � 1998
<br /> in the orlgin�l princlpal amount of 3 750 0�33.U� , and any and a mod 11ons,ex�enslons end renewa�s
<br /> thereof or theretm and any and all tuture advances aod reaA►ances to Borrower(or any of them if more than one)hereunder puPSUant
<br /> - - � tn one or more promissory notes or credit egreementa(l�erein cailed'Note");(h)the payment ot other sums advenced by Lender to
<br /> .._ protect the security of the Note;(C)the peAormance ot elt covmnante anti agrennini�io oS Trt�sior^.°!1C:�t hern�n;wruf fdJ alI oresB�it fllld
<br /> — fuwre Indebtednesa and obligatlons of Borrowor(or any o1NQm if more than one)to Lender whether direct,Indirect,obsdute or conNn•
<br /> gent and whether adsing 6y nute,guaranty,ovordraft a otliervrlse.The Note,this Deed of Trust and any and all other documents thai
<br /> secure the Note or otheiwise exocutod In connection�harawilh, Including without Ilmitatfon guarantees,security agreements ar�d
<br /> - assignments of leases and rents,sh�ll be referred to heraN as the"Loan Instruments".
<br /> ' Trustor covenants and agreos with Lender as followa:
<br /> 1. PaymsRt ot Indebtedness.All indebtedness saared hereby shall be paid when due.
<br /> �� 2. TifM.Trustor is the nwner ot the Property,hae ifia right end authorJiy to cor►vey the Property,and warrants that t�e Iisn creat•
<br /> --==- ed heraby is a fl�st end prior Ifen on the Property,exceptlor Ilens and encumbrance�set forth by Trustor In wdting and delhrereti to
<br /> _ �_ _ �� Lender betore execution of thia Doed of Trust,and the e�ecutlore a��d dolivery of this Deed of 7rust does not violate any cantract pr
<br /> --===■ other obllgatton to whicA Trustor Is subJect.
<br /> - �= 3.Taxst�Assessmants.To pay 6efore delinquency all taxes,spoclal ussessmenta end all other charges agalr�st the Properly
<br /> "'s��f� now or hereaiter levied.
<br /> -__--���.,,�
<br /> 4.Insuranw.To keep the Property Insured againsldamage by firo.hazards Inctudgd wlthln the torm'extended coverage",and
<br /> --'-"''-J:•�� such harerds es Lender may tequire,in nmounte and v+ritl�companles accaptable to Lender,naming Lender as an additiona!namfld
<br /> --V r - the Lender fs authorized to adjus4 coll0c!s�d c4mprsr
<br /> ���,�=� insurod,with loss payabte to the Lender.In case of bs�under such policies, �
<br /> _.-.�v",.;_, mise,ali ctaims thereunder and shali have the opUon of epp{ying all or paR of the Insuranc pproceeds(I)to any indebi��sec)red
<br /> -`_°--'"�;�: heroby and In such order as Lender may detertnine,(tl) to Ihe Trustor to be used for the m air or restoration uf the Pr or Iii 4or
<br /> � � any other p�rpose or obJect satistactory to Londer withal�Hecting the Ilen of this Deed ot Trust far tho full emount secured hereby
<br /> .,��'j`�= � eetnre such navment ever took ptace,Any applicntions al proceeds to indebtedness�halt not extend or postpone the due date of any
<br /> . �s ��'� paymento urider the Nate,or cure any detauit thoreunde�or t�ereuntler.
<br /> 5.Etcrow.Upon writte�demand by Lender. Tmstee shali pay to Lender.In such manner as Lender may designate,sufficient
<br /> :i sums to enable Lender to pay os they become du�ona a more ot the following:(f)all taxes,assessments and othor charges egains�t
<br /> . �',� the property,(If)the promiums on tNe property insurance required hereunder,(lil)the premiums on any mortgage Insurance required by
<br /> �' LondQr.
<br /> 6. Mtint�nancs� R�pain�nd Complitncs wltii lsw�. Truatvr shall keep the Propedy in good condition and repair,shall
<br /> " prompUy re�Al�.or replace any Improvemont which may be damaged or destroyed;shall not commit or permit any wasto or detorlore-
<br /> tion of the Properiy;sh�ll not remove,demoUsh or substenlially alter any of tho Impmvements on the Pro�erty;shall not commit,sufter
<br /> � - ar permit eny act to be dono in or upon the Property Ir�vklatlon ot any law,ordinance,or repulation;and shall pay nnd prompUy dis-
<br /> . . chargo at Trustor'$oost end axpenso all Ilons,onaumbrances nnd charg9s levfed,imposed or accessed agalnst the Property or any
<br /> . • � „ ' paA thereot.
<br /> ._ " 7.EmirNnt Donnaln.Lencler Is hereby asslgned a9 compensetlon,awards,damages and other payments or relief (hereinatter
<br /> rec�s�t�nv�+��w ws
<br /> � Q�OM1�irN10r�dCanlrYOtt�uN�nCh�t�PN�acrunlrrcYllNOrala .. ••
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