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<br /> �_<: , � DEED OF YRUST WITF4 �UTl1f3E d1DV�►ii�C�S �o � . r_
<br /> t . 4
<br /> ;j�; " � THIS DEEQ OF TRUST,i�made as of the �'b day of ��ry ,19 � ,by and emong .'` ''�. ,
<br /> � , �,°".
<br />.�:.��_ , _ . ,
<br /> `�� ' ' the Trustor, IIICHAEL 0 ERBES A� IINDA R ER3ES �SBAI� � flIFB � �,..:. , , `.
<br /> ��' ,t ,.-f • \.�, ' ` '. .. . `i
<br /> t:i�. ' , � • �.} whose maTng address is 4U37 M CADITAI AVE GRAMD iSLAHO NE 68803- (herein'Trustor;whether one or more). , , rm
<br /> - il . - � . . . i r:. .
<br /> .'''� ''� the T�ustee. AREN� BAACK - ���
<br />�:�?,:. ,
<br /> ���: • whose ma�ing ad6res9� P O BOx 790 GRAND tSLRND NE 68802 (herein'Tn+stee'1,and �
<br /> Fr'� . . .;:i•% - • < _
<br /> �% - - - the Benefiaary. � �� �� �
<br />_�;, � --
<br /> ti!�_ `:�. , , v o 8ox 168a Rnuo 1SLAH0 NE 688�� (heram'Lender`I. ,-��'-
<br /> . whoae maiGng address is "- �
<br /> •` � � FOR VALUABLE CONSlDERATfON,inc(uding Lender's extension of credit idantified herein toNICNAE� D ERSES AHD LINDA R ERBES _ �
<br /> i _ � � ' �,s_e:
<br /> . • '.�::
<br /> ; • ., �,..�.;�`_:"
<br />' .f f±�.
<br /> (herein•Bormwer',vrhether one or moref end the trust harein created,the •;':�,�y.-
<br /> ;'::• raceipt of which is hareby acknowledgad,Trustor hereby irrevocably grents,trm�sters,convey9 end asaigns to Trustee,(N TAtIST,WiTH ; �-��(""-i;�.ti�._
<br /> _ P01NER OF SAIE,for tha benefit end security of Lender,under and subject to the terms and canditiona hereinafter eet torth,tha real � . , . ;��-�_
<br />�;,: . DroD@n1►,described as foltows: .`�a+„�
<br /> - � LOT SEYENTEEN (1�, IN SISHSET SUBDIY�SIOH LOGITW ON THE HORTH HALF OF THH NON'fHEAST QW�RiER (Nt/2NEi/6)OF SECTION j,...�_
<br /> �� .` . ELEUEN t11), 2N TOMHSHIP ELEVEN t17) NOSTN, RANC�E TEH t10) 1iEST OP THE 6TN P.N., IN HALL C�1NTY, NEBRASKA. _ . �ij;r=��
<br /> � . . �.,�'�.
<br /> • ., ., ^i�
<br /> DR�PERTY AODRESS: 4037 Y GIPITAL 0.VE GRAND ISLAND =_
<br /> �' �` �" � Together witt►ell build'mga,improvemente,f6Rure9,atreets,elleys.Pessagewaye,easements,riphte,Prlviieges and eppurtenencee :. ti '..,,-,j"_
<br /> ..�t��; ' Ioaated thereon or in anywise pertainmg thereto,and the rente,issues and profite,reversion9 end�emaindere thoreof,and auct►pareonal , - •`� ��;�'
<br /> property that i9 attached to the improvemente so as to constituta e fixture,including,but not limited to,heating end cooling equipment; �-•��"�
<br /> • and together witfi the homestesd or martial interesta, if enY, which interasts ere hereby raleased end waived;a11 of which,inc�ding _ .�,/'�-
<br /> �� replacemante and edditiona thereto,is heteby declared to be a part of tfie real estata sacured by the lien of this Deed of Ttuat and a11 of . � -
<br /> ,.� •'!�F`
<br /> the toreeoing being refened to herem es the'Property". . _: ��"�—
<br /> ��, .� - . . . �F.:-:
<br /> ��'': . This Deed of Trust shall secure la)tho payment of the principal sum and interest evidencad by e promissory note or credit : _ �.�h.
<br /> �,_,:: _
<br /> �.
<br /> . • � .� agreamant dated Februarv 23. 1998 ,having a maturity date of iebruarv 23. 2005 .
<br /> =ti,' � � in the oripinal principel amount of 9 10.000.00 ,and eny end all moditicationa,extenaiona and rortowats
<br /> .��•_; .. ,
<br /> .� ,� thereof or thereto and any end all future advance9 and readvances to 8orrower lor any of them if more than ona)hereunQer Dureuant to
<br /> T ri , ' . '� • . -
<br /> ; ;� ane or more promisaory notas or credit egreamants(F�erein calted'Note');(b)the peyment of other sums advanced by Lendar to protect
<br /> • � the eecurity of the Note;l01 the pedortnanca of all covenants and agreements of Truator set foRh herein;and(d)all present end future
<br /> ''�.<<. ; indebteQnese and obGgationa oi Botrower(o►any ot them if moto tban one)to Lender whether direat,indirect,ebsotutv or contingont
<br /> � � ' ? and whether a►ising by note,guaranty,overdreft or otherwise.The Note,this Oae9 of Trust and any end all otha�documente that eocute
<br /> -.: '; � the Note or otfierwiso executed'm conneotion thetowith,including without limketion guaranteos,eecurity agreementa end asaipnmente .
<br /> � ; o!teases end rants,ahall be reterred to heroin as the'Loan Instrumente'. ,.� + . •
<br /> � � Trustor wvenanta and egrees with Lender as followa:
<br /> ':,�r 1.Poymont of(ndobtedneae.AII indebtednos�aocured hereby shell be paid when due. '
<br /> ' .� ' 2.Title.Trustor ia the ownet of the Property,hae the tight and euthority to convey the PropeRy,and warranta that tha Iien created
<br /> horeby ia a firet and prior lien on the P�operty,excopt tor liens and encumbrances set forth by Truator in writing and dolivared to Lender .
<br /> . � before execution of thia Deed of Trust, and the execution and dolivery of this Dead of truat does not violate any contraat or othet �
<br /> obligation to whicb Trusto�is subject. . �
<br /> t 3.Tauoe.Aaseesmonto.To pay boforo delinquanoy all taxe9,spocial assesaments and all other charge9 against the Property now ot . �
<br />' hereaftor levied.
<br /> - 4.Inrsuranw.To keep the Property insurod against damage by fire,hazarda,inoluded within the term 'extended coverage",and ,
<br /> • such othe►hazards as Lender may raquite,in amounts and with companies accaptable to Lender,naming Londer ee an additionel named �
<br /> � insured,with loss payabte to the Lender.In case of�oas under such policies,the Lender ia twthorized to adjust,colleot end compromiso. "
<br /> `, , ' � atl ctaima tharoundar end shaU havo the option ot epptying all or patt of tho insurance proceeds(i)to any indabtodnoas securod hereby � .
<br /> ' � and in such order as Londet may dete►mine,(ii>to tho Trustot to bo used fo►the ropair ot re�torotion of tho Propetty or(iii)for eny othe� .
<br /> ;..`: : purpose or objoot aetiafactory to Landor without aitaotinp the lien of this Doed of Trust}or tho futl amount socured horeby before such
<br /> '�� � payment ever took ptaco.My epplication o}proceads to in0obtednass shalt not extend or postpone the due date of any paymonts under .
<br /> ; ` ' ' tho Noto,or cure any delautt theruundet or horoundet. �
<br /> ' ' S.Eacrow.Upon written domand by Lendo►,Trustot ahall pay to lende►,in auch manner as Lender may dosignate,su1}icient sum9
<br /> � • to enablo Lender to pay as they becomu due one or mote of the following: fi) all taxes, asseasments end other charges agoinst tho
<br /> - . Praperty,(ii1 tha premiums on the p►opetty insurance required hereunder,and liii)tho promiums on any mortgngo insurence requirod by
<br /> � ' Lender. I . . .
<br /> ' 6.Mtilntonmtco.Repaira m�d Complianee witfi Lawa.Trustor shall keep the Propo►ty in good condition and ropair;shall promptly .
<br /> � repair,or replace any improvoment which may be damagad or destroyed;shall not commit or pormit eny wasto or deterioration ot tho i .
<br /> � • � Property;shall not remove,demoliah or substentially alter ony of the improvements on the Ptoperty;shall not commit,suffor or permit �
<br /> , . any act to be dono in or upon the Property in violation ot any law, ordinance, or regulation;and shell pay and promptly discharga at
<br /> Trustot's cost and expenso aIl liens,encumbronces and chargas levied,imposed or assessod agoinst the Aroporty or any part thoreof. �
<br /> � .
<br /> , NBC3067A INMqr�cdeval Deedl Rev.12/97 �—�-----�
<br /> P 1•�° �1888 N�dOnY Bmx of Commeree iruft ab Smryf Aa�ocut�o�,L��COfn.NeEra7lt� �
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