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<br /> - - - ; °na DEED OF'rRUSYVl/ITH FUTIIRE I�DVANCE� a' :. , �•.,;. t
<br /> � -;. �, � •_ � , <;:
<br /> March ��J w"E.�_
<br /> . . . '• < THIS DEED OF TRUST.is made as ot the 5 t� day of .19 9 a .by and among `, .� ,;;r`- .
<br /> me7n,swr, Narol d F. Etosenkotter & Judi th A. Rosenkotter, husband & wi fe �� :`� F.���
<br /> _ whosema�lirtgaddcessis 3215 Goldenrod Drive, 6r'and I511nd, N��B��r,whetheroneormore), =-
<br /> .� ;: � �
<br /> - meTn,s�e Five Points Bank, a Nebraska Corporation __
<br /> " � `,{4" whosemail9ngaddressis P0 Box 1507, Grand Island, NE 68802 (herein'Tnistee�.and
<br /> . ,�. .
<br />- •�. � F tl�eBeneficiary, Five Points Bank, a Nebraska Corporation .
<br /> _..,_. , = whosemailingaddressis PO Box 1507, Grand Island, NE 68802 (herein'Lende�. " '
<br />� • � FOR VALUABLE CONSIDERATION,induding Lender's extension of credit identified herein to ;:i,a��_ �
<br /> � Narold F Rosenkatter & Judith A Rosenkotter � f�'
<br /> � • ' � (herein'Bortawer;whethet one or more)snd the trust herein created,the receipt ":f �-
<br /> �• nd assi ns to Trustee IN TRUST.WITFI �� [ -
<br /> • � o f w h i c h i s h e r e b y a c k n o w t e d g e d,T r u s i o r h e r e b y i r r e v o c a b l y g r a n t s,tr a n s f e r s, c o n v e y s a g '���`='
<br /> . •��� POWER OF S{1LE,for the beneftt and security of Lender,under and subject to the terms and conditlons hereinafter set forth.the real ; ��'r—�''--
<br /> . � < property described as foftows: � . � �-�----
<br /> � � � � .�� see attached Exhi bi t "A" - r ���"�°
<br /> , ,:
<br />� . . .: . . . �:� -
<br /> ...f , ,_�
<br /> ' �° ' T ether wRh all buitdtn s,im rovements.fi�cWres,streets,atle assa ewa s,easements,rights. rivil es and a urtenances ' ' ,�`"�
<br /> og g P !�.P 9 Y P e9 PP
<br /> ' tocated thereon ar ln anyw(se pertaining thereto,and the rents,issues and profits,reversions and remainders thereoi,and such per- - . >'�'��.''
<br /> � . sonal pmperty that is attached to the improvemeMs so as to constitute a fudure,inc�uding,but not limited to,heating and cooling equt� - _ -
<br /> ' � • �,' menx and tagether witA the homestead or marital interests,if any,which irtterests are hereby retaas e d an d waiv e d;a t i o f w h i c h,i n d u d- �'���=::
<br /> -- � - ' � = (ng replacemenb and add(Uons thereto.is hereby declared to be a part of fhs real estate secured by the lien of this Qeed of Trust and �"��_.._�
<br /> . ' • � alt of the foregoing being reterred to herein as the'Propert�'. � °{9`"�
<br /> � .� . Th(s Deed of Trust sfiall secure(a)the payment ot the pdnGpal sum and interest evidenced by a romisso n or credit agree- . :'„j�r�:;
<br /> � � . " mentdated March 5. 1998 .havingamaturirydateot Marc�► 4, �0�� . a._;
<br /> � . in the original pdndpal amount ot$ 348,504.85 _,and any and atl modiflqUons.extenstons and cenewats . ; � -
<br /> � • thereoi or thereto and any and ail fumre advances and readvances to Borrower(or any oi them i1 more than one)hareunder pursuant —
<br /> to one or more promissory notes or credit agreemenb(herein called'Note�:(b)the payment ot other sums advanced by Lender to _—
<br /> ' protect the security of the Note;(c)the pedormance ai all cavenants and agreements of Trustor set foM herein;and(�all present and •� �
<br /> • future indebtedness and obllgations oi Borrower(or any ot t�em ii more than one)to Lender whether dlrect,indirect,absotute or con�n- :,., . : :_ ' _���
<br />' . ,� gent anA�vhether adsing by note,guaranry,overdraft or oihenxisa.The Note,this Oeed of Trus�t and any and ail other documenis that ` ,f;:.�• -
<br /> ' • •? secure the Note or otherwise executed in connection therewith, inctuding without Um(tation guarantees, security agreements ana .
<br /> ' �� � assignments oileases and rents,shall be referred to herein as the'Loan Instruments'. •'
<br /> ,�; �� �" Trustor covenants and agrees with ler�der as follows: �'� � ; ' �
<br /> . . • • ' 1. Payment of Indebtednesa.Alt indebtedness secured hereby shali be paid when due. '` � .,:�•..
<br /> .� ' 2. TiUa.Trustor is the owner oi the Property,has the rfght and authotiry to canvey the Property,and warrants that the lien creat- . . ,
<br /> : ed hereby is a first and prior lien on the Propetty,except tor Iiens and encumbrances set forth by Trustor in wri8ng and deliveced to • . � - .
<br /> � Lender betore execuUon o!this Deed ot Trust,and the execuUon and delivery oi this Deed oi Trust does not vlotate any contract or . •
<br /> : , other obUgatlon to which Trustor is subject. � ; '
<br /> �; ' 3.Taxes,Assessments.To pay before delinauency all taxes,special assessmenb and all other charges against the Property . ' _ �
<br /> , � - now or hareafter tevled. • '
<br /> 4.tnsurance.To keep the Property insurod against damage by flre,hazards Inciuded within the tem►'extended coverage',and �
<br /> :., ,. such other hazards as Lender may requira,in amounts and with companies acceptabte to Lender,naming Lender as an addiUonal � •
<br /> ' • ' named Insured,wlth ioss payabte to the Lender. In case oi toss under such poficlas,the lender is authorized to adjust,cottect and �
<br /> � , . . compromise,ali claims thereunder and shatl have the opUon of apptying atl or p,s.�'o!the insurance proceeds(i)to any indebtedness �ti_ �
<br /> � ' secured hereby and in such order as Lender may determine,(ii)to the Tnistor to be used tor the repair or restoraUon oi the Property or . �
<br /> S (iii)for any other purpose or object satlafactory to Lender without aftecNng the tien oi thls Oeed ot Trust for the fuli amount secured .
<br /> I hereby betore such payment ever took ptace.My appflcations of proceeds to lndebtedness sha0 not extond or postpone the due date
<br /> � '' oi any payments under the Note,or cure any defauit thereunder or hereunder. � •
<br /> �.�. j 5.Eserow. Upon written demand by Lender,Trustor shall pay to Lender, in such manner as Lender may designate,suf�cient ' � �
<br /> �` � sums to enabie Lender to pay as they bacome due one or more of the tollowing:(iJ all taxes,assessments and other charge3 against � `
<br /> � the Property, (ii)the premlums on the property insurance required hereunder,and (ili)the premiums on any martgage insurance •,
<br /> required by Lender.
<br /> � 6. Maintenanea, Repaira a�d Compllanee witb Lawa.Trustor shall keep the Property in good conditlon and repair,shall
<br /> � � promptiy repair,or replace any improvement which may be damaged or desVoyed;shall not commit or permit any waste or deteriora-
<br /> � tion of the Property;shail not remove.demolisn or substantially alter any of the improvements on the Property;shall not cammit,suffer
<br /> .�•y . . � or permit any act to bo done in or upon the Property in violaUon of any law,ordinance,or regulaUon:and shall pay and prompUy dls-
<br /> • � charge at Trustars cost and expense ail liens,encumbrances and charges levied.imposed or accessed against the Property or any ,
<br /> part thereof.
<br /> � 7. Eminen!Oomain.Lender is hereby assigned atl compensaUon,awards,damages and other payments or relief(hereinafter
<br /> � � . Nnc wr��.�„n,.�n�ea�a.,s�ac .
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