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<br /> DEED Of'PRilST lMY�1 FUTURE iADV6iNCES
<br /> • t ° THiS DEED OF TRUST,is made as of the 19 T H day of�E B R U A R Y .19 9 8 .by and amang� —
<br />- , theTrustor, D E N N Y S R O H A R A, A S I N G L E P E R S Q N • � � __-
<br /> ,.T .` whose mailing address is P 0 B 0 X 6 2 6 G R A N 0 I S L A N 0 N E 6 8 8 0 2 (herein`Trusror",whether one or more). \e_ "'_� `
<br /> �, ''_. �}, meTnutee FIVE POINTS BANK, A NEBRASKA CORPORATION .: --
<br /> � .,
<br /> '� ` - � � whosemailingaddressis P 0 BOX 1507 GRAND ISLAND NE 68802 (he�ein'T�stee�.aad �� � _
<br /> ` . � , . ` q,eeenefi�ary. FIYE POINTS BANK ;`.:`� --
<br /> _ . . . �t
<br /> . � -<.�_',; whosemailingaddressis 2015 N BROAOWELL AVE. GRAND ISLANO NE 68803 (herein'Lende�. ,� �.;.��i,s
<br /> `�?� FOR VALiIABLE CONSIDERATION,including Lender's extension of credit identified herein tn , ' ��."='
<br /> --= DENI�IS R OHARA ��� �--
<br /> f _, '
<br /> . : (herein'Borrower,'wheTher one ar more)and the trust hereln created,the receipt � .
<br /> - of whid�ts hereby acknowledged,Tnistor hereby Irrevocably grants,transfers,conveys and assigns to Tnrstee.IN TRUST,WlTH � �'�
<br /> ; POWER OF SALE,for the 6enefit and security af Lender,under and subject to the terms and oonditions hereinafter set ioRh.the real ����
<br /> r� • �� Property described es foltows: . ',• ��,—
<br /> i ; -_
<br /> ' _ SEE "EXHIBI7 A" � --.:
<br /> . . . �;� �
<br />..t;�- .. .+ "--'
<br /> �..�: � . . •`� • , �� �---
<br /> . • . Together with ai{buildings,improvements,flxWres,streeb,aiteys,passageways.easements,�ights,prlvileges and appuRenant�s ,`�`�_-
<br /> .�:;�_,.,_.___ ...._ tacated thereon or in anywise pertaining thereto,and fhe renis,issues and profits,reversions and romaindsrs thereaf.and such per- . �:=;,��
<br /> � sonal property that ts atiached to the improvements so as to canstitute a fuch�re,inGuding,but not limited W,heating and coofing equt� ,. � `��=--
<br /> . ment and tngether with the homestead qr marital interests,ii any,which interests are hereby reieased and watved;all oi whicfi,incfud- f_-=
<br /> � ing replacements and addiUons thereW,is hereby dectared to be a paR of the real estate secured by the Gen of this Deed of Trust and . _ _
<br /> . all of tha foregoing being referred to herein as the'Property'. ` _.` �-
<br /> This Oeed of Tnrst shall secure(a)the payment of the principal sum and tnterest evidenced by a promissory note or credit agree- �. ; �;
<br /> . . ment dated R F R Q 1 t Q Q Y t A� 1 Q Q R ,having a maturityr Gate oi f i p R Il A R y 9 4� 1 Q Q� _ - ,.— �_-
<br /> - :':rt-=
<br /> � . , (n the ortginal prindpal amouM of$ 55,000.00 . and any and aU modiftcatons,extensions anA renewais `•'. ..g„_:
<br /> , thereof or thereto and any and alt future sOvanc2s and readvances to Borrower(or any of them if more than one)hereunder pursuant � �:.=,�, .�
<br /> to one or more promissory notes or credit agreements(herein catled"Note�;(b)the payment of other sums advanced by Lendar to -MU'
<br /> . protect the security of the Note:(c)the performance ot all cavenants and agreements oi Trustor set fortb hereln;and(d}aU present and ;:'� . __•�
<br /> future lndebtedness and obliga8ons o1 Borcower(or any of them ff more than one)to Lender whether direct,indirect,absoiute or oonUn- :�..�,���� • -
<br /> • gent and whether adsing by note,guaranty,overdraft or otherwise.The Note,this Oee d o i Trust an d any an d a l l o t her dacu m e n t s t h a t .
<br /> • � � secure the Note or otherwlse executed in connection therewith, including without Iimitation guarantees,security agreements and •
<br /> � �� � asslgnments ot feases and rents.shall be referred to herein as the"Loan instruments'. •
<br />` �.� _ � { Trustor covenants and agrees with Lender as foltows: �.
<br /> "_'�. ;' 1. Payment oi Indebtedness.Ail indebtedness secured hereby s�all be paid when due. �. . ,
<br /> � 2. Titte.Trustor is the owner of the Property,has the dght and authority to convey the PrapeRy,and warrants thai the lien creat• „ • •
<br /> -- ; ed hereby is a flrst and prlor tien on the RropeRy,except for Ilens and eneumbrances set foAh by Trusior in wriUng and deiivered to '
<br /> � ' Lender before execution ot this Deed of Trust,and the execution a�d delivery of this Oeed oi Trust does not violate any contract or
<br /> �� s � other obligaUon to which Trustor is subject. • .
<br /> _ - ' 3.Taxes,Assessments.To pay before deiinquency all taxes,special assessments and all other charges against the Property :
<br /> � � now or hereafter tevled. . �
<br /> . 4,tosuranee.To keep the PropeRy insured against damage by flre,hazards Inctuded wlthin the tertn'extended coverage',and .
<br /> • such other hazards as Lender may require, in amounts and with companies acceptable to Lender,naming Lender as an addldonat • •
<br /> named insured,w+ih loss payable to the Lender. In case of lass under such Dolicies,the Lender ls authorized to adjust,cotlect and •
<br /> � compromise,a11 cta�ms thereunder and shall have the option of apptying all or pari of the insurance proceeds(i)to any indebtedness , � ' . .
<br /> � secured hereby and in such order as Lender may determine,(ii)to the T�ustor to be used tor the repair or restoraUon of the Property or � �
<br /> • (ili)for any other purpose or object saUsfactory to Lender without eHecting the lien of this Deed o!Trust for the full amount securad
<br /> • hereby trefore such payment ever took place.My applicatlons o!proceeds to indebtedness shall nat extend or postpone the due date
<br /> . � } ot any payments under the Note,or cure any default thereunder or hereunder. .
<br /> • 5. Escrow. Upon written demand by Lender.Trustor shall pay to Lender,in such manner as Lender may designate,sufflcient
<br /> � � sums to enable Lender to pay as they become due one or more of the following: (i)all taxes,assessments and other charges agalnst . �, ..
<br /> . • 1 • .
<br /> . the Property, (ii)the premlums on the property insurance required hereunder,and (iii)the premiums on any mortgage insurance
<br /> ' reqwred by Lendet. •
<br /> ' ; B. Maintenance. Repairs and Comptiance wlth Laws. Trustor shall keep the PropeAy in good condit�an ansf repair,shalt
<br /> ' � prompUy repair,or replace any improvement which may be damaged or dostroyed:shail not commit or permit any waste or dete�iora-
<br /> i tion oi the Property:shall not remove.demolish or substantiatly ai4er any of the improvements on the Property;shall not commit,suNer .
<br /> : or permit any act to be done�n or upon the Property in violation of any law,ordinance,or regulation;and shall pay and prompUy dis-
<br /> ' � : charge at Trustor s cost and expense atl tiens,encumbrances and charges levied,imposed or accessed against the Properly or any .
<br /> � • paR thereot. ,
<br /> � _. __ . 7. Etnlnent Qomain. !e�der is n9.yby acs�gnvd au comoensation.awards.damages and other payments or reiiei(hereinafter _ _ __
<br /> - - N&G H51�Nrnnprc�EVYOcediHe.59G
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