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<br /> - ` ,�, � DEED OF TlaU�Y WITH FUYURE I�IDVANCES - .
<br /> THlS DEED OF TRUST,is made as of the 6 t� day of M a r c h _�9 9 8 ,by and amo�9��a� _ - •• .
<br /> � meTn,s�or, Timoth A. Ko1ar and Lori Ann Kolar, husband and wife ��: ,':..,`,`
<br /> ° � , � 514 Shady Bend Road, Grand Island, NE ���A1r�r,whetheroneormore), ' , fw ' "-.
<br />. whose maiiing address is �: ��:
<br /> _ . .:,.•SU.�;_}.
<br />_ � . . �,BT� Five Points Bank, a Nebraska Corporation . � _
<br /> � . PQ Box 1507, GranG Island, NE 68802 �he�i�.Trustee7.ar,d ;�"�-�
<br /> whose mailing address is •:� �%�
<br /> .� ; . r'r�
<br /> Five Paints Bank, a Nebrsaka Corparation � � .�����'
<br /> � .- the 8enefiaary. `1`'�" , ,;`J
<br /> . �� -- f
<br /> wnosemainngaddressis PO Box 1507, Grand Island, NE 68802 (here9n'�ende�• --�-. ,.,,,���
<br /> . . :�_
<br /> FOR VALUABLE CONSIDERAT(ON,including Lenders extension of cred"R identified herein to �_ � �
<br /> . � �. � i o A o 1 a r a n d L o r i A n n K o 1 a r one cr more and the trust herein created,the receipt �., , �'�`.�`^��
<br /> - (herein'8orrower:whether ) �`��-°=
<br /> oi which is hereby acknowtedge4,Tnistor hereby irrevoqbly granis,transfers.conveys and assigns to Tnistee.iN TRUST.WITH - - - '.. ��t
<br /> st
<br /> : . • � PbWER OF SALE,for tfle benefit and secudty of Lender,under and subject to the tertns and oondittons hereinafter set forth,the real T•�1!
<br /> �: s,-�—���
<br /> n:s��;
<br /> � . . propeRy described as faliows: ` �''>,-;a•
<br /> E`��.�
<br /> � Lots One (1) and Two (2) , Bi11y Poe Subdivision, Hall County, Nebraska. . ; �..;`
<br /> . :,-�.;�,�;
<br /> ; � `_�;
<br /> , . . �, :.�:.. . ._
<br /> , ��. � TogetherwiL''►a�buildings.Improvements,fixtures.streets,aileys.Passagaways.easements.rights.Drivileges and appurtenan�as ,.y':.,;�;��
<br /> .� located thereon or in anywise pertaining thereto,and the renb,issues and profits.�eversions and remainders fhereof,and suct►Dg� �,:� •:.?�'�''�:
<br /> sona!Qroperty that is attached to the improvements so as to constltute a fixture,induding,but not limited to,hea�ng an0 cooting equip- . �
<br /> :;:.�,::
<br /> ..�:x.
<br /> � � ment;and togetfier wtth the homestead or marital Interests.'rf any,which lnterests ara hereby released and waived;all ef which,inGud- . , � ; :�-�
<br /> ing repiacements and additions thereto,is hareby declared to be a paR of the real estate secured by the lien of this Deed of Tcust and . �.� .
<br /> � � �' atl of the foregoing being referred to heretn as the'Proysrtyl'. . � •�?':�'-
<br /> . �F Thts Deed oi Tnist Ehall secure(a)the payment oi the principal sum and interest evidenced by a promissory noi 99�edit ag�- ',��
<br /> � ! mentdated Mairth 6. 1998 ,havingamaturitydateof SeptBmb@r z, �.ti
<br /> . . �:. .� , ,.. ...
<br /> 122,021.00 ,and any and all modiflcaUons, extensions and renewats '`�`
<br /> in the orlgirral prinapal amount of$ .:;���
<br /> • � . � thereoi or therelo and any and al!future advances and readvances to Borrower(or any oi them it more than one)hereunder pursuant r
<br /> . • to one or more promissory notes or credit agreements(herein caited'Note�:(b)the payment o�other sums advanced by Lender to
<br /> f protect the secur'sty of the Note;(c)the peAormance oi all covenants and agreements ol Trustor set forth herein;and(d)aA present and
<br /> 'r ,� ,� future indebtedness and obllgaUons of Borrotiver(or any of them i1 more than one)to Lender whether dlrect,indirect,absoiute or conUn- . :
<br /> . s gent and whether arising by note,guaranty,overdraft or otherwise.The Note,this Deed of Trust and any and all other ducumeots that
<br /> � secure the Note or otherwise executed in connecNon therewlth, inctuding without flmitaUon guarantees,seCUrity agreements and .
<br /> assignments of Ieases and rents,shall be reterred to herein as the'Loan Instruments". ,.• .
<br /> •� � � Trostor wvenants and agrees with Lertder as toliows: - � • ., .
<br /> � � 1. Payment o!Irtdebiedness.All indebtedness secured hereby shatl be paid when due.
<br /> 2. Title.Trostor is the owner ot the Praperty,has the right�nd authority to convey the Property,and warrants thai the tien creat-
<br /> r ed hereby is a first and prior Ilen on the Property,except tor Hens and encumbrances set torth by Trustor in writing and de�ivered to
<br /> . t ,.
<br /> . '' Lender before execution oi this Deed of Trust,and the execution and delivery of this Oeed of Trust daes not violate any conUact or .
<br /> other obligation,o which Trustor is subJect. '. . �
<br /> 3.Taxes,G�ssessments.To pay betore delinquency all taxes,special assessments and all other charges against the Properry
<br /> � ncw or hereafter levied. �
<br /> • � 4.Insutence.To keep the Property insured against damage by tlre,hazrirds inctuded withi�the term'extended covetage',and
<br /> � � .� such other hazards as Lender may require, in amounts and with ccmpanies acceptabte to Lender,naming Lender as an addiUonal •
<br /> . � named insured,wiih toss payable to the Lender. In case ot toss under such policies,the Lender is authorized to adjust,colleG and
<br /> � } compromise,alt c�aims thereunder and shall have the option o}apptying all or part ot the insurance proceeds(i)to any indebtedness
<br /> i secured hereby and in such order as Lender may determine,(ii)to the Trustor to be used tor ths repalr or restoratlon of the Property or . •
<br /> a (iii)for any other purpose or object satisiactory to Lender without aHecting the lien oi this Deed oi Trust fur the tull amount secured .
<br /> '• hereby betore suc�payment aver took place.Any appticatlons of praceeds to indebtedness shall not extend or postpone the due date ,
<br /> � of any payments un�er the Note,or cure any defautt thereunder or hereunder. • �
<br /> •. 1 5.Escrow.Upon written demand by Lender,Trustor shail pay to Lender,in such manner as Lender may designate,suKcient .
<br /> � . sums to enable Lender to pay as they become du�e one or more ot the toltowing:(i)all taxes.assessments and othet charges against .
<br /> . the Property. (ii)the premiums on the property insurance required hereunder,and (iii) the premiums on any mortgage insurance
<br /> reqwred by Lender.
<br /> • 1 6. Maintenance, Repairs and Compliance with Laws. Trustor shall keep the Property in good cond�tion and repau; shall
<br /> � ' promptly repair,or replace any improvement which may be damaged or destroyed:shall not commit or permit any waste or doteriora- .
<br /> �; tion of the Property;shall not remove.demolish or subslantially 8tter any of the improvements on the Property;shall not commit,sufter
<br /> or permit any act to be done m o►upon the PropeRy m violation of any law,ordinance,or regulation:and shall pay and pramptly dis-
<br /> � charqe at Trustor's cost and expense ail I�ens,encumbrances and charges lev�ed. imposed oi accessed against the Property or any
<br /> part thereof. �
<br /> `� 7 Eminent Domain. Lender�s hereby ass�gned aIl compensation,awards,damages and other payments or rel�el(hereinafter I
<br /> �.
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