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<br /> � DEED OF TRUST 1fl91TH�UTURE r�V�lNCES ,. _
<br /> N - -...�': .�• :.:�:�. _-
<br /> _ 3rd da ot March .19 97 .by and among� _ .-- . . -:'"°�='�l-
<br /> ` THtS DEED OF TRUST,is made as of tPte Y y_� ' F';:��
<br /> , meTn,scor. Jame Atw od a d Don a J. Atwood husband and wife � �' -` —
<br /> 4S� '. �'-'��`'- _-;
<br /> t ��
<br /> whosemai►ingaddrassis4216 Nevada Avenue, Grand Island, NE 68803 (herein'Tnistnr,whetheroneormo�e). \� �� =�` �
<br /> . s",r rrR-=-_�_�-
<br /> :`'�r me Tn,scee Five Points Bank a Neb�raska Cor oration • ___�_�_ �:
<br /> � ���
<br /> - herein`Trustee7.and � �"'�-�r�
<br /> whosemaitingaddressis P tl Box 1�07 rand Isl�ncl. NE 68802-15�7 ( ;�?.�, ____ —
<br /> L�':
<br /> the Benefidary. �`�`�.��.?
<br /> .�_ - � ,
<br /> '- ' '`_r__,•- ._s.
<br /> whosemailingaddressis 2015 N Broadweil Ave .� Grand Island NF ��03 (herein'lsnde�. _ : ;_ ��:
<br /> � '°
<br /> "'` FOR VALUABLE CONSIOERATION,inciuding Lenders extension of cxedit idenUfied herein to James A. Atwood ,. �::�,,
<br /> .�..< . ;;
<br /> , (herein'Borrower.'whether ert�or more)and the trust herein created,the receipt - '_ °
<br /> � of which is hereby adcnowtedged,Trustor hereby irrevacably grents,transfers,c�nveys and assigns to Trustee, IN TRUST,WITH ;. �:
<br /> • POWER OF SALE,for the beneflt and security of Lend�r,under and subject to the terms and cond'Rlons hereinafter set fonh,the reai •..`i ;�.
<br /> property described as folEaws: -.� .: r i _
<br /> � Lot Th irty-six (3 6) Cap i t a l H e i g h t s S e v e n t h S u b d i v i s i o n t o t h e C i t y o f G r a nd Island, �.�;� ;'
<br /> _ ,
<br /> Hall County, Nebraska. �? ���`
<br /> _ � ..�'ti 1� -',
<br /> Together with all buildirtgs,improvaments,fixtures.sti'eets,aiteys,passageways,ease�rents,rights,prtvileges and appuRenances j.:
<br /> __ _ Iopted thereon or in anywise pertatning thereto,and the rents.issues and profits,reversions and remainders thereoi,and such per- x
<br /> � sonal propeRy that is attachsd to the improvements so as to con s 6 t u t e a fi x t u re,i n c l u d i ng,b u t n o t l i mited to,heati n g and oofllin g equip- �._ .. ��
<br /> � menx and together with the homestead or maritai interests,if any,which interests are hereby released and wan:ed:a(1 of which,indud- ' �{i�r� _
<br /> ?�'•..�
<br /> � �' (ng�eplacemenis and additions thereto,is hereby de�red to be a paR of the real estate secured by the 19en of fhfs D�ed of Trust and � '
<br /> all ot the foregoing being reterted to herein as the'Pm�ertyr. - , r:•. • ,
<br /> ' This Deed oi Trust shall secure(a)the payment of the prinGpal sum and interest evfdenced by a promissory note or cr�edit agree- _
<br /> . mentdated, Marrh � 1AGT .havingamaturitydateoi March 1t1� �nnn • _____ �
<br /> � in the odginal pdnGpal 2.:AUnt oi$ �,�,, 03�_�� , and any and all modfflcatlons,extensions and renewafs �� �x,.�
<br /> � th ot or thereto and ar��and ail future advances a�readvances to Borrower(or any of them if more than c.�)hereunder pursuant �;�;;
<br /> ere ---�-
<br />� � to one or mare promissory notes or credit agreements(herein calied'Note');(b)the payment of other sums advanced by Lender to _�__
<br /> protect the secudty of the Note;(c)the perFormancs oi all covenants and agreaments of TNStor set faM heretn;and(d)all�:�ent and - �,,.��.u-
<br /> . future indeb:edness and obtigations oi Borrower(or any oi them if more than one)to Lender whether direct,indirect,absot��or oonUn- `i
<br /> � gent and whether arising by nofe,guaranty,overdraft or otherwise.The Note,this Deed oi Trust and any and atl other dacumenis tt�at '_�,. .
<br /> • secure the Note or otherwise executed in conne�:.�therewith, inctuding without IlmitaUon guarantees. security agreement9 and ���
<br /> assignmenis ot leases and rents,shall be referred to��rein as the'Loan Instrumenb'. � ° �
<br /> Tnis�'.�.s covenants and agrees wiLh LsnQer as foitaws: _ -_____��
<br /> � � 1. Payment ot Indebtedness.A't��ebtedness secured hereby sha11 be paid when due. r �T
<br />• .; 2. Title.Trustor is the owner oi the i'ropeRy,has the dght and autho�ity to convay the Property.and warrants that tl�e Iten creat ��,
<br /> • ed hereby is a first and a�ar tien on the Properry,excapt for liens and encumbrances set foRh by Trustor in wriUng and delivered to � `' � �.:.._
<br /> `'�.-��:��:
<br /> � ' Lender betare execWon a`�(s Deed oi T�us�and�:s execuUon and delivery oi this Deed of Trust does rt¢i violate any oontrad ot ,�,;�_�w�,.,•
<br /> E..----- ��
<br /> ' � other obligaUon to whict�Trustor is subject. ` x '""
<br /> 3.Taue�,Assessments.To pay before delinquency all taxes,speciai assassments and atl other charges against the PropeRy ;_,-����.�'.
<br /> _ ;
<br /> now ot hereafter isvled. ����:��:
<br /> ��::-_>•��t,�,.�.
<br /> � 4.(nauranee.To keep the Property insured against damage by fire,hazards included within the term'extended coverage,and �:_`�+I.Q �r�.
<br /> � such ofher hazards as Lender may require, in amonnLs and wilh companies acceptable to Lender, namirtg Lender as an addiUonal � r
<br /> named insured,with loss payable to the Lender. In pse of toss under such pc5ass, the Lender is author'rzed to adjus�coilect and :" �:.' '�
<br /> com promise,ali claims thereunder and shall have the opUon oi applying ail or part o1 the insurance proceeds(i)to any indebtedness . , ':
<br /> � secured hereby and in such order as Lender may determine,(i�to the Trustor to be used for the repair or restora Uon o f t he Prope r t y o r �•':�,.,..�
<br /> (iii�for any other purpose or obJect satisfactory to Lender without aNecUng the lien of this Deed of Trust for the full amount secured ,
<br /> . hereby before such payment ever tootc ptace.Any appticatlons of proceeds to indebtedness shail not extend or postpone the due Oate . _ . .
<br /> � oi any payments under the Note,or cure any default thereunder or hereunder. . -
<br /> • 5.Escrow.Upon written demand by Lender,Trustor shall pay to Lender, in such manner as Lender may designate,sufflGent , .
<br /> sums to enabJe Lender to pay as they become due one or more ot the foflowing:(i)atl taxes,assessmants and other charges against � ' •���
<br /> . the Property. (ii)the premium�on the property insurance required hereunder.and (iii)tho premiums on any mortgage Insurance � •
<br /> � . required by Londer. . , . .
<br /> 6. Maintenanae, R�palre ared Complianee witn Lawa.Trustor shall keep the Property in good condition and repair,shait
<br /> � ' prompt(y repair,or reptace any improvetnent+�ich may bs damag2d ar dsstroy�d;shall�set cammit er ps�rr��t any�a.�^tc or dsferio*a- - „ - -+•- -
<br /> tion of the Properry;shall not remove,demolish or substantialty alter any o!tfie improvements on the Property;shali not commit,suftet , � � �.
<br /> � or pertnit any act to be done in or upon the Property in violation of any law.ordinance,or reguiation;and shall pay and prompUy dis-
<br /> charge at Trustors cost and expense ail liens.encumbrances and charges levied,imposed ar accessed agatnst tho Properry or any
<br /> part thereol. ' � �-
<br /> ---- 7. cu�i�ec+t t2ar:.a3n.t�r,dat u t�.rab;�a:sir,,ned a!!cornpensat+�n.av��rds. damages and other payments or reliei(hereinafter __ __ __ __ __
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