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<br /> .� D�D O�TRUST 1NiTfl FUTURE ADVANCES � - ,_- , _ .
<br />� � ' '_ THfS QEED OF TRIiST.is made as of fhe��}],_day of Feb�ri,a_ry .19�8 •by and among � ... - -
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<br />� ' . theTtllStOr, !st'?n' ia i;i�n ani :i ne'.,.—. I( i in r 1� hue han A a d a r i fe � = y_r _
<br /> � . .::�.•-_.,:
<br />' " • �`� whoss maiHng address is j� �alCOn Cou�y Wijmi n g�Qn D 19808 (herein`Tnu�,whether ons or more), � °; ?�,:.,,�. �
<br /> :• ' . ,'_;. tneTrustee.rive Paints Bank� a Nebraska Co�oraifdn , .'
<br /> y �h.
<br /> � r''t whOSe m3flilig SddteSS iS P 0 Box 1507 Grand Island, N E 68802-1507 (her�ein'Tn�e7,and ,. _ . ,-
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<br /> . � � .` the Beneficiary. ��'.��
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<br /> � ' well Ave., Grand Island. NE 68803 (herein'lender7. '�� -
<br /> � � . r�� whosemail'mgaddressis 20i5 N Broad - "�x'� --
<br /> � - -- ��::''f,,
<br /> . , . FOR VAWABLE CQNStDERATIQN,indu�ng Lendets extension of credit tdernified lharein to B ent A_ Lind — �;` �.•�,�_r_�
<br /> °.�r.�'�.�:�.Yy'v.�--
<br /> � • (herein'Borrower;whether one or more)and the trust derein craated,the recsipi =- --
<br /> ° - � af whtch is hereby acknawtedged.Trustor hereby irrevoca6ty grants,transfers,�nveys and assigns to Trustee.IN TRUST.WITH - - _- --
<br /> ' : � P01NER OF SALE.for the benefit and security ot Lender,under and subJect to the terms and cond'�tons hereinafter set faRt�,tlte real — �
<br /> ` property desctibed as foliows: � —
<br /> _ � ,.:._.�_
<br /> � Lot Seven (7), Morningside Acres Third Subdivision, in the City of 6rand • • —.-
<br /> ` Island, Hafl County, Nebraska. ' �t ;�.�� '�"-._
<br />_ , . , • • ;'._,�---
<br />. . . � .;:,�f.�a-�
<br /> � . , Together with all buitdings,improvements,fixNres,streets,aiteys,passageways,easements,rights,priviteges and appurtenances ' _,..::�,;�
<br /> �"', �. located thereon Or in anywtse pertaining thereto,and the rents,issues and profits.reveStons and remainders thereof,and sucA per- •.�uc�
<br /> � � sonal property that is attached to the improvements so as to constiwte a fixtur�.including,but aot Hmited to,heaUng and 000ting equi� '� .,;�-;:�.
<br /> . .__ . :• .' men�and together wlth the homestead or marital interests,if any.whfch interests are hereby reteased and waivad;all oi which.includ- ;::,=-
<br />�r�� . . �. ,• ing replacemenb and addlUons thereto,is hereby dectared W be a D��f the real estate secuced by the lien oi this Oeed ai Trust and , ,�,;
<br /> � . �`4�
<br /> '• •:t} all ot the foregoing betng referred to herein as the'Property'. " ^.
<br />- •' • f This deed oi Tnut shail secure(a)the payment of the pdncipal sum and tnterest evldenced by a pmmissory note or credit agree- �`�""',
<br /> � � '� mentdated �ph�r,;��� 1?�,1_998 .havingamatudrydateof tin��pm�r �� 1AAR. . . ' :.-s��_-
<br /> � in ths odginal pdncipal amount of$ ��,�,(L,.00 .and any and all modificatlons,ox0ensions and renewais ; • �. � �;
<br /> . ., ; thereoi or theratc and any and all future advances and readvances W Borrower(or any of fhem if more than one)hereunder puisuant . ' �=
<br /> • to ona or more pmmissory notes or credit agreements(herein calted'Note�:(b)the payment of other sums advanced by tender to ��� '�=_
<br />=°� • • � proted the secudty oi the Note:(c)ihe pedormance of all covenants and agreements of Tnrstor set MM herein;and(d)aii pr�esent and � . •-
<br /> •� future indebtedness and obligatfons ot Borrotver(or any of them it more than or*a}to Lender whether direct,in�irect,absotute or wnUn- .
<br /> ��� . ' . • gent and whether adsing by note,guarenty,overdraft or otherwise.The Nate,Nis OeeQ of Trust end any and afl other documents that , -.-
<br /> � secure tha Note or otherwise executed in cennection therewith,inctuding without Iimitation guarentees,secu8ty agreements and .
<br /> . . � �. assignments of Iflases and rents,shall be referred to herein as tha'Loan tnstruments'. � .
<br /> • Trustor covenants and agrees w(th Lender as totiows: • . i • .
<br /> .. --� 1. Payment ot(ndobtedness.All Indebtedness secured hereby shall be paid when due. : � .
<br /> � ' . 2. Tftfe.Trustor is the owner o!the Property,has the dght and authorlty to oonvey the Property,and warrants that the lien creat :
<br /> • � , ed hereby is a first and prior lien on the Property,except for tiens and enei.mnbrances set torth by Tnistor in wriU�and deiivered to ".
<br /> � • . Lender betore execution o1 this Oeed oi Trust,and the execuUon and delivery oi this Deed o!Trust doss not viotate any contract or , � . .
<br /> � � . -� other obligaUon to which Trusto►is subJect. . • �
<br /> ' � 3.Tanea,Assessments.To pay betore dellnquency all taxes,special assessmenis and all other charges against fhe Property •
<br /> .� � . now or hereatter tevied. . •
<br /> � � 4.Insurance.To keep the Properly insured against damage by fire,hazards included within the term'extended wverage',a�d ,. . •
<br /> � � such other haa�rds as Lender may require,in amounts and with aampanies acceptabie to Lender, naming Lender as an addltlonai .. . •
<br /> , !� named insured,wtth loss payabte to the Lender. In case o1 loss under such poliGes.the Lender is authorized to adjust,coltect and _
<br /> ; compromise,all claims thereunder and shall have the opUon of applying afi or paR oi the insurance proceeda(i)to any indebtedness • . •
<br /> ' secured hereby and in such order as Lender may datermine,(ii)to the Trustor to be used for the repair or restoraUon o!t?te Propartyr or • . •
<br /> .. � pii�tor any other purpose or o4ject saUstactory to Lender wHhout aBeeting the Ilen of this Deed of Trus!tor the full amount secured � •
<br /> , hereby before such paymant ever took ptace.My appllcaUons of procesds to indebtedness shait not extend or postpone the dua date .
<br /> � ot any payments under the Note.or cure any detault thereunder or hereunder.
<br /> 5.Escravi. Upon written demand by Lender,TNStor shall pay to Lender,in such manner as Lender may designate,suf�cient ,
<br /> � sums to enable Lender to pay as they become due one or more o}the toltowing:(i�all ta�ces,assessments and other charges sgainst , • �
<br /> the Property, (ii) the premiums on the property insurance required hereunder,and(iii)the premiums on any moRgage insuranCe
<br /> � required by Lender.
<br /> � 6. 1ti9aintenanee, Repairs and Compllance v�ith Laws. Trustor shatl keep the Properry in good conditlon and repair,shail •
<br /> . prompUy ropalr,or replace any improvement whlch may be aamaged or destroyed;shall not commit or pertnit eny waste ot deteriora- .
<br /> • . 1 tion of the Property:sha�t not remove,demolish or substantiaily aiter any of the imprvvements on the Ptoperty;shall not cammi�SuNer , ,
<br /> � � � or permit any act to be done�n or upon the Property in violaUon of any law,ordinance,or regulation;and shall pay and promptty dls- .
<br /> .. � charge at Trustor's cost and expense all liens,encumbrances and charges levied,imposed or accessed against the Property or any
<br /> • , { part thereaf. °
<br /> . 7. Eminent Domain.Lender is hereby assigned ali compensation,awards,damages and other paymenGs or relief(hereinafter _ .
<br /> .. . �uus����c.�+v�.,.maoeea�ami9a ' .
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