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<br /> ' � � DEED O�'TRU�T WITH F!lTURE d1DVAMC�� _ � `. �':
<br />� �� . � : 9�:_ � 8 - r
<br /> - ,� . � -. THIS��OF TRUST.is made as af the 1N�_day of MAR H _t9 98 .by and among -'. .
<br /> .',.
<br /> ' , the7nisDor, AN7HONY E. PAZARENA A SINGLE PERSON � `t �`� `' � �^
<br /> t �,. ..�ti�*;.
<br /> H -'
<br /> !� P'r= _
<br /> � � whose mailing aQdress is?,� ^^ ^^ ^n�.m r c�nun uc �ggp� _(berein Trustor,whether one or more), o < �;
<br /> . . 'r111 h P�GI]6 1[L� anr�n \ ..__�.._
<br /> u c . - :_
<br /> fheTruStee ,�-�'-�
<br />.- . , .;�� (herein`Trustee'�.and �� �`:: -
<br /> whosemaiUngaddressis P Q BOX 15�7 So���n Tc�aun u� g8802
<br /> . . . .r °
<br />= ' the Benefictary, FIVE POINTS BANK �� ��_
<br /> - �-e_R_
<br /> --' - � � - whosemailingaddressis 2015 N. BROADi�ELI AVE. GRAND ISLAND NE 68803 (herefn9.ende�. °�;��;
<br /> . ��.
<br />-. , ,:;.•:.�,-��,�=
<br /> � ' FOR VALUABLE GONSIDERATION,induding Lendefs extension oi credit identified herein to :•����_,._
<br /> ' ' N 0 ' 'r;�:.�;,�:
<br /> (heretn'Borrower;whether one or more)and the bust herein aeated,the receipt .. �y��;
<br /> of which is hareby acknowtedged,Tn�stor hereby irrevocabiy 3�.transfers.wmreYe and assigns to T�ustee.IN TRUST.WffH - °. t4•�
<br /> � pOWER OF SALE.for the benefit and securiry of Lender,under and subject W the terms and cond�tons hereinafter set fortl►,the real ��,� .
<br />_� . �s��
<br /> . ,: ProP�Y desaribed as foilows: . • • �
<br />_ r� -
<br /> � � . � � SEE "EXHIBIT A" . �-
<br /> - ;�—--
<br /> . 4' .
<br />� _ : �.—�". .
<br /> . - -.'.;C/'.�-.
<br /> � �:� Together wift�all buildings.improvements,ftxtures.streets,alleys.Passa9ewaYs.easements.rights.P►fi►iteges and appvrtenancas •�
<br />- � located ti�ereon or In anywtse peAaining fhereto,and the renta.issues and profits,reversions and remainQers thereot,and such per- .: -.�■
<br /> ' sonal propecly that is attached to the improYements so as W constitute a fixWre,induding,but not limited tn,heaUng anQ caofing equip- . '�_;� -
<br /> men�and together with the homestead or marital intereste,if any,vrhfct►interests ara heraby reieased and waived;a11 of wh3ch,InctuQ- � �T_
<br /> � � � ing reptacements and additions thereto,fs heraby declared to be a paR ot the reat estate secured by the I[en of this Deed oi Trust and • rq r-
<br /> ��s:
<br /> � atl oi the foregoing be[ng referred to herein as the'Propert�. �•�;�_
<br /> ' ''" This Ceed ot Tn�st shall secure(a)Me payment of the pdncipat sum and interest evidenced b�r a promissnry note or cxadit agree- , -�_.
<br /> � '. . ment dated M A R C H 2 1998 .having a maw�iry date oi APR l L Z. 1998 _�
<br /> =�—_
<br /> in the odginal pBnGpa1 emount of$ 7,700.00 .and any and all modHicaUons,extensions and renewats ' � , ;,;,,�.,,;,:
<br /> • � thereof or thereto and any and eil future advances and�eadvanoes to Borrower(or any of them iT more than o�e)hereunder pursuant , � .•��;
<br /> ent oi other sums advanced by lender ta =�:
<br /> ' W one or more promissory notes or credit agreements(heretn qtied'Note�;(b)the paym - �.`-
<br /> .• � � � . • protect the securiry of the Note;(c)the peAcrmance of ail cavarranta and egreements ot Trustor set torth herein;and(d)atl present and � : :�-
<br /> ��'lYP�
<br /> fuUUe indebtedness a�d ohtigaations oi Borrower(or any of them if more than one)W Lender whether Qirect,indired.absolute or ccntin- : � �_
<br /> 8
<br /> • � . gent and whether adsing by note,guaranty.ove�draft or othervvlse.The Note,this Deed of Yrust and any and all other documerits that
<br /> � secure the Note or otherwise executed in connectlon therewltfi,including without tlmifaUon guarantees,seauriry agreements and , :�.
<br /> , assignments ot leases artd rents,shatl be reter�ed to herein as the'Loan Instruments'. '�
<br /> , . � , ,� Trustor covenants and agrees w(th Lender as toitows: .. . •
<br /> • • 1. Payment o!tndebiedness.All Indebtedness secured hereby shall be paid when due. .
<br /> ' 2. T(tte.Trustor is tha owner of the Proparly.has the right and authority to canvey the Property,and watrants that the lien creat :
<br /> � �� ed hereby is a first end pdor lien on the Property,except for Ilens and encumbrances set torth by Trustor in wriUng and delivered to _ •�. .
<br /> � • Lender betore execuUon of this Deed o1 Trus�t,and the execuUon and detivary of this Deed of Trust does not vlotate arry contrad or . : •
<br /> � ' ` other obligaUon W which Trustor Is subject. � �
<br /> ' � 3.Tazes,Assessments.To pay befora delinquency all taxes,special assessments and all other charges agalnst fhe Property . :
<br /> � � now or hereafter levled. .'
<br /> .. � 4.Insuranee.To keep the PropeRy insured against damage by fire,hazards includad within tha fertn'extended coverage',and
<br /> such other hazards as Lender may require,in amounts and with campanies acceptabte to Lender,naming Lender as an addiUonaf �-
<br /> � named insured,with loss payabte to the Lender.In case ot loss under such policies,tfie Lender is authorized to adjust.colfect and ,
<br /> . compromise,all ctaims thereunder and shail have the opUon of apptying all or paR of the insurance proCeeds(i)to any indebtedness
<br /> secured hereby and in such order as Lender may aetertnine,(ii)to the TNStor to be used for the repatr or restoration oi the Property or .
<br /> (ili)Tor any other purpose or obJect satlsfactory 2o Lender without aHecting the lien ot this Oeed o1 Trust for the futl amaus�!secured •�
<br /> hereby before such paymeAt ever took place.My applicaUoAS of proceeds to indebtedness shatl not extend or postpone the Que date
<br /> . � oi any payments under the Note,or are any detault thereunder or hereunder.
<br /> � ' 5.Escrovi.Upan writte*�demand by Lender,Trustor shall pay to Lender,in such manner as Lender may designate,sufficient
<br /> � • � sums to enabte Lender to pay as they become due one or more oi the totlowing:(i)all taxes,assessments and other charges against �• ._ _
<br /> . the Property. (ii)tha premiums on the property insurance requlred hereunder,and(iii) the premiums on any moRgage insurance - _, . _
<br /> • , required by Lender. `
<br /> • 6. Maintenance,Repairs a�d Compllanee with 1_avis.Trustor shail keep the Property in good condition and repalr: shall
<br /> ', � . :� prompUy repair,or replace any improvement which may be damaged or destroyed:shalt not commit or permie any waste or deteriora- '�
<br /> tion ot the Property:shali not remove,demotish or substantiaity atter any oi the improvements on the Property:shall not commit,suHer�w
<br /> ".�;: � . � or permit any act to be done in or upon the Rroperty in vlolation of any iavi,ordinance.or regulaUon:and shal!pay and promptly d'�s-
<br /> charge at Trustor's cost and expense all liens. encumbrances and charges levied,imposed or accesseU against the Property or 2ny
<br /> : � paR thereot.
<br /> � . • ,� 7. Eminent Qomain.Lender is hereby assigned all compensaUon,awards,damages and other payments or reiief(hereinafter i
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