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<br /> � D�ED OF TRUST W1TH�lt7URE AD�/AI�ICES � "
<br /> �, � �• - :<< �
<br /> '�,' • - MARCH .19�8 .bY and among � -
<br /> • THt3 DEED 0�TRlIS7.is made as ot the 1Q�ii �y of ; � _s'��_
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<br /> �� �eTnistor. D D �t HILL USBA D AND WIF '�-,. �_�_
<br /> ` :�.,
<br /> .`., -; : ,/.
<br /> �� . F,r:
<br /> � whosemailingaddressis 516 E. DIVISION GRAND ISLANO NE 68801 (t►arein'Trusw�,whetheroneormore).� .
<br /> w . . _ ��..� c —
<br /> ; �. � . , - theTn�stee FIVE POINTS BANK A NEBRASKA CORPORATION . •� -
<br />�#, < , ' �' NA10SBti18fUltgHddfBSSiS ' �••° nnw�m te�A�It1 MC fiAR(19 (hBIeItITfUSt6B'.8fld ,�a-
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<br /> ;�• • th0 88netlCiary. , � ....
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<br /> ' � . � whose mai�ing eddress�s �m� N aQnAma��� AVE GRANQ ISLAND N 68803 (herein'I.endefl• ' " i�
<br /> -- � ' � �
<br /> _. . :�:
<br /> , ' - _ FOR VALUABLE CONSIDERATION.Inctuding Lendefs extension ot credit iQentlited herein to ' ,':.�.° �
<br /> ��:. . � , (herein'Borrower;whether one or more)and the tnut here(n rxeaSSd,the recetpt - e :°������
<br /> � of whict�is fiereby acknowiedged, TrusWr hereby fRevaoabtY 9rants•tra°s�ers,cnnveys and assigns to Tnisttee. iN TRUST,WRH ���,�-
<br />-; .� . ' � ——
<br /> = � POWER OF SALE.for the benefit and secudtY of Lender,under an�subJed to the terms and conditions hereinafter set torth,the teal .
<br /> �s • • " property described as follows: . �
<br /> • LOT SEVEN (7) IN BLOCK NINETY-FIYE (95) ORIGINAL TOWN, _--.____
<br /> ��',,� NOW CITY OF GRAND ISLANO, HALL COUNTY, NEBRASKA e . ..
<br />.� . . " � ' J.��.
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<br /> � � � Together witt�ail buitdings,tmprovements,flxtures,sb�eets,alteys,passageways.easements,rights,pfiriteges and appuRenance.s : :��_,
<br /> ` •'- topted ifiereon or in anyw(se pertafntng thereto,and fhe rents,issues and ptofits,reversfons and remalncters theteot,and such per- —
<br /> ._.. .. . . �. � sonal property that is attached W the improvements so as to constitute a fixture.induding,but not limited to,heaUng and cooling equip� : —_
<br /> , � • :� ment;and together with the homestead or marftal interes4s.if any,which interests are hereby r+eleased and waived:a11 of which.Indud- �-i
<br /> � ;•� (ng replacements and additions thereto.is hereby declared to bo a paR ot the real estate sacured by the Iten of this Oeed ot Tnist and �i��T_
<br /> , . . � ail of the foregoing betng referred to herein as the'Propertyr. . ::,r��,:_
<br /> � This Deed ot Trust shall secure(a)the payment of the pdncipal sum and interest evtdenced tzy a pcom'.ssory note or credii ag�ee- „:;�,.
<br /> , " . �'} ment dated MARCN t t�_ 1998 .having a matudty date ot MAR H 15 ��iO3 _
<br /> • �' , ..._.0 - - _
<br /> � • :.� In the odginal pflncipal amount oT$�3,,�Q� 6� . and any and aU modifica8ons. extenstons and renawats _ � �r _,—
<br /> . �_.s. -
<br /> 'q;,+.; . . • thereot or thereto and any and atl futu�aQvences snd readvances to Borrowor(or any of them N more fhan one)hereunder pu�suant A
<br /> •� to one or more promissory notes or credit agreements(herein cailed'Note7;(b)the payment o!other sums e6var�ced by Lender to
<br /> _ _.�; protect the secu�(ly ot the Note:(c)the performance at a��covenants and agreements oi Tan�stor set foM heretn;and(d�aIl present and .
<br /> � ' - �•'"� future IndeDtedaess and obtigations nf 6orrawer(or any ot them ii nore thafl ona�te tarsd.....hetAer direct,inc4irect.absolute or contin- �, . _
<br /> f.��, � � gent and whether a�fsing by note,guaranty,overdraft or otherwise.The Note.this Deed o!Trust and arry and all other documents that `' .
<br /> � � • � secure the Note or otherwise executed in connecNan therewith, including without IlmitaUon guarantees, security agreements and ,;.:� ,:. _
<br /> ' � � ' ' assignments oT leases and rents,shall be referred W herein as the'Loan Ins2ruments°. .. •
<br /> � Trustor covenants and agrees with Lender as foltows:
<br /> � 1. Payment o!tndebtedness.Ali indebtedness secured hereby shall be paid when due.
<br /> ' .. ; 2. Title.Trustor is the owner oi the Property.has the right and authority to canvey the Property.and warrants that the lisn aeat _:'Y.
<br /> � ed hereC y is a flrst and prior lien on the Property,except tor liens and encumbranees set forth by Trustor In wrlting and delivered to :
<br /> � . . Lender betore execuUon ot this Deed oi Trust,and the execution an d de Uve r y o i t h i s D e e d o 1 T r u s t d o e s n a t v i o t a t e a n y c un tr ac!ot .
<br /> • other obligaUon to which Trustor is subject. . �
<br /> � - 3.Taaes.Assessments.To pa9 betore de0nqueney afl taxes,special assessments and all other charges against the Property . .
<br /> now or hereafter tevied. � •
<br /> �t� ' • �� 4.(nsuranr.e.To keep the Property insured against damage by fire,hazards included within the tertn"extended coverage',and
<br /> � � � such other hazards as Lender may requlre,in amounts and with companies acceptabie to Lender,naming Lender as an aQdiUonal
<br /> �� named insured,with loss payabte to the Lender. In case of loss under sucn poUGes,the Lender is author�zed ta adjust,colteG and
<br /> cempromise,ali cla9ms thereunder and shall have the opUon of applying all or paR of the insurance proceeds(i)to any indebtedness ,,;
<br /> � > secured hereby and in such order as Lender may determtne.(ii)to the Trustor to be used for the repa�r or restoration oi the Properry or ,
<br /> �a� � (iii)tor any other purpose or object satisiactory to Lendet without aHecting the tien ot this Qeed of Trust for Ne tull amount secured
<br /> � � � hereby before such payment ever taok place.Any eppticaUons o1 praceeds tn Indebtedness shall not extend or postpane the due date
<br />- ' � � ` ot any payments unQer the Note,or cure any detault thereunder or hereunder. ,
<br /> - • • �` 5.Eserow. Upon wntten demand by Lender.Trustor ahall pay to Lendor,in such manner as lender may designate,suNiciont
<br /> � � . ; sums to enable Lender to pay as they becoma due one or more of the following:(i)all taxes,assessments and other charges agalnst
<br /> • . ' c the Property. (ii)the premiums on the property insurance required hereunder.and(iii)the premiums on any mortgage insurance
<br /> � � reqwred by Lender.
<br /> � � 6. Maintenance. Ropairs and Compllanee v�itb Laws.Trustor shall keep the Property in good condition and repair, shall .
<br /> ; promptly repair,or replace any improvement which may be damaged or desVoyed: shatl not commit or permit any waste o�dstor�ora-
<br /> a ' � ; tion of the Property;shall not remove,demotish or subsWntially alter any oi the improvemenls on the Property:shatt not commit,suffer
<br /> .. � or permit any act to be done in or upon the Property in violation oi any taw,ordinance,or regulation: and shall Day and promptly dis-
<br /> . . ` charge at Trustor's cost and expense all tiens, encumbrances and charges levied. imposed or accessed against the Properry or any , .
<br /> . . � paR thereot. ,
<br /> • � . 7.Eminent Domain.Ler.der is hereby assigned all compensation, awards, damages and other payments or relief(hereinafter
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