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<br /> � � DEIED O�TRU3T W1TH FUTURE ADV�►NCES << . s
<br /> i. :
<br /> � .19 98 .by and among , :
<br /> 9TH da ot JANUARY `' •- -
<br /> .. , . ni�s o�n oF�tusT.�maae as orme v � �:.,. ,
<br /> HN J. GILLESPIE: JR. ►1ND ALYCE M. GIILESPIE, HUSBAND A�1D WIFE � ' ..�' : ` �.-';
<br /> �e���0�� �O •f .�' :,.�..�.,I.''.,_-"
<br /> ' .; '.. . . _,�_`(I.
<br /> � whose mailing address�s 8259 E MAOEItA AV E. MESA AZ 852Q8 (herein'Tnisror,wt►ether one or more). Q (`f✓�
<br /> \ ` - "=�'-:.
<br /> �
<br /> � . _ the 7rustee . 4
<br />- . wt�ose mai�ing address is P 0 BOX 1507 6RAND I SlAND NE 68802 �here�n�"�e87'and . " �-;.
<br /> �_�
<br /> � . . - < t•:�'�.
<br /> � . • � .'� the Benefrciary. ,�`
<br /> ' �'`�:( �����•.�r�� �V� 6RA D ISLAND NE 68803 (hereia`�ender'�. �._
<br /> - . wh�se mailing address is • r �:-
<br /> ,.,.,� . ` c, '��
<br /> CONSIDERATION,in�udin Lende�s extension of cred'R identified herein W ::��,=
<br /> . . FOR VALUABLE >; • :`' ,`.�.:'t`.>f
<br /> JOHN J. GILLESPIE, JR. A�ID ALYCE M. GIlLESPIE ,�:�.,.-.
<br /> � � (herein'Barrower;whether one or more)and the trust her+ain cceated�tt►e re°Btpt `:�y2;_,-,�.
<br /> .-. .', t
<br /> of whict►is hereby acknowtedged.Tn�stor hereby irrevocabiy grants,hansfers. oomeys and assigns ta TwMee•fN TRUST.WITH .�-��
<br /> _x:�-n.
<br /> ,� . .�, • POWER OF SALE,for the benefit and security of Lender,under and subjed to the terms and conditions hereinafter set forih.the�eal t�+
<br /> ' . propBrty des�n"6ed as f01IOws: ���s
<br /> '' � LOT TFiO (2) BLOCK ONE (1�, STEWART PLACE SUBOIYISIOt� TO THE CITY OF GRAND 4 _�:
<br /> , . , .: _i
<br />- ISLAND, HALL COUNTY, NEBRASKA � _ •. _
<br /> dvil es and appurtenances ' "'..���`
<br /> Together with all buildings,improvements,fixtures,streets,allsys,passagewaYs.easemeMs,r[ghts.P eS _ , . ,.�
<br /> � located thereon or in anywise peRaining thereto.and the rents,issues and profits,reversions and remainde�s thereof,and such per- ' .:�
<br /> _�t- � . -- sonal properiy that is ariached to�e d oromaritai�t rests.rf anY�'M'�ich ntereests are hereby eteased and�watve0 atf of whtd�,induud . ' : _
<br /> men�and together with the homes �"
<br /> ~'''�• ing reptacements and additions thereto,is hereby dectared W be a part ot the real estate secured bY the�ien of this•Oeed of Trust and ::f��_
<br /> ��__.
<br /> � ` �,� all of the foregoing being refened to herein as the'Propertyr'.
<br /> • � � This Qeed ot Trust shall secure(a)the payment oi the p�incipal sum and interest evidencen�CMAFR 4_�2002 or cxedit agree- � , �,.
<br /> ....T..o�s �c �ca� .having a matu�ity date of� - — :�'�,,�'i
<br /> .� • � �i ment dated . ,,T
<br /> � OOO.�U ,and any and all modificaUons,extensions and renewais _ �. ;�
<br /> ' " � in the odginal pdncipai amount oi$J] ..
<br /> � �� thereot ar thereto and any and atl future advances and readvances to Borrower(or any ot them if more than one)hereunder putsuant ��
<br /> � � �� to one or more promissory notes or credit agreements(herein calied'Note7:(b)the payment oi other sums advanced by Lender to
<br /> ��� protect the security ot the Note;(c)the performance of a►I covenants and agraements of Trustor set foRh hereln:and(d)all present and . _
<br /> .. ,� � ," . . .
<br /> tuture indebtedness and obligations oi Barrower(or any of them if more than one)to Lender whether direct.indirect.absotute or contin-
<br /> . � ; gent and whether adsing by note,gua�anty,overQraft or otherwise.The Note,this Deed oi Trust and any and ali oti�er documents that
<br /> ' secure the Note or otherwise executed in connection therewith, inctuding without limitation guarantees,security agreements and I ..�� f .�
<br /> • ` ass ignmen t s o f t e a s e s a n d re n t s,s h a t l b e r e f erred to herein as the'Loan instruments". • ;�� �. � •
<br /> :. � Trusfor covenants and agrees with Lender as toitows: ' .� . � _
<br /> 1. Payment of Indebtedness.a1 indebtedness secured hereby shall be paid when due.
<br /> .. � ' } 2. Titte.Trustor is t he ow n e r o f t�e P r o p e r l y,has the�i ght and authority to convey the Prcperty,and warrants that the lien creat
<br /> ` � ed hereby is a fi e�ionpof this Deed oi Tru��d t e exe�cution�nd deH ery of th s�0eed ot Trust doesr not v olate any conffact or . . .
<br /> . Lender before ex
<br /> • other obligaUOn to which Trustor is sub�ect. •
<br /> ,.;'• 3.Taxes,Assessments.To pay betore delinquenry a11 taxes,special assessments and ali other charges against the Property .
<br /> now or hereafter levied. � " .
<br /> � 4.Insura�ce.To keep the Property insured against damage Dy fire,hazards inciuded wrthin the term"extended caverage',and
<br /> , , such other hazards es Lendeabte t rtheiLendermn case oi losis u dersuCh pol�es,the Lenderes autho zed to adj s�coldlect a 0
<br /> • ' n a m e d i n s u r e d,w i t h l o s s p a y • �
<br /> compromise,ati Gaims thereunder and shall have the optian o f app iying a l l o r p a R o t t h e i n s u r a�c e p r o c e e d s(i)t o a n y i ndebtedness
<br /> ' , . � secured hereby and in such order as Lender may determine,(ii)to the Trustor to be used far the repair or restoraUon oi the PropeRy or
<br /> � • . hiereby before such paym nt ev�er to kiptace.Any applaicationishof proceeds toh ndebtedneiss�sha ot extend or postpane the du Qate . .
<br /> oi any payments under the Note,or cure any detauit thereunder or hereunder. ,.
<br /> ' ' � 5. Escrow. Upon written demand by Lender. Trustor shall pay to Lender.in such manner as Lender may designate,sufficient
<br /> sums to enable Lender to pay as they become due one or more of the tollnwing:(i)all taxes.assessments and other chargeS against
<br /> •. i ihe PropeRy. (ii)the premiums on the property insurance requ'red hereunder.and {iii)the p:emiums on any mortgage insuranCe
<br /> 1 required by Lender.
<br /> i 6. Malntenance, Repairs and Comptiance with Laws. Trustor shall keep the Property in good condition and repair; shall
<br /> ' M prompUy repair,or replace any improvement which may be damaged or destroyed:shall not commit or permit any waste or deteriora- .
<br /> �.t... � � tion of the Property:shall not remove,demolish or substantial�y aiter any ot the imptovements on the Property:shall noi commi�suffer
<br /> � �! or permit any tor's ostand expen e�a�lhe sr�eneumbranees a d charges eved.�i posed ortatccessed agalnstathe Propertytor ny � • .
<br /> �, � charge at 7rus .
<br /> •••• part thereot.
<br /> � , 7. Eminent�omain.Lender is hereby assigned aii compensation.awards,damages and other payments or retief(hereinafter
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