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<br /> . . DEED O�TRUS"�UU� FUYURE l�ilANCES c.� � ..
<br /> �. �
<br /> : � �:'.. - ..
<br /> c�'„ • ,.: � � .� ,.:.
<br /> � ': THtS�E�OF TRIfST.is made as of the 17t � 14ar. � :_ �.
<br /> _ - _ . _ hday .i9 g8-bY�ndamong � ' �.-��° - .
<br /> F� - �� • thaTrusWr, Randy J �iayfield 8 5helley D Fiayfield , husband and vige ( ' � �j �
<br /> <
<br />= whose mailing add�ss is 5 0 4 W S t h S t G r a n d I a l a n d H e�i 8�0�-4 2 2 7 \ : .���--,..,.,:
<br /> . . (herein'Tn�s6o , e eroneormoce), _
<br />�( I' _ ,_ @18T(US�B_ Fivo Pnint° 8�k� a i�ehtasl��argnr.aLioa =-
<br /> • ° ` ' whose matUng addres.s is P.0. 8ox 1507 Grand Island. tiE 68802 (herein'Tnrstee�.and I - ~ -�
<br /> - �, theBenefrciary. Five Pointe Bank "
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<br /> ..�'�,_,..
<br />, ,�� � . vfiose maiting addtess is 2015 N. Broadvell Grand Islend. NE. 68802-1507 t��-�d�, , � �
<br /> . � ,� t.�,T��_•,
<br /> ' FOR VALUABLE CO�ISIDERATfON,including Lenders extension of credit identifted heretn to Randy J Hayf ield • • �• ��-_:_
<br /> ' � 8 Shelley D tiavf ield �'• ���� -=
<br /> . . , •�t,a:,�
<br /> � (hecetn'Borrower.'wheU�er one or more)and the trust herein aeated,the recetpt �=_.�s�E•F•
<br /> ' of which Is hereby actmati+rledgeQ Tnistor hereby irrevacabty grants, hansfers,conveys and assigns W Trustee,IN 7RUST,WITH °�-
<br />.. �....�'; �
<br /> , • POWER OF SALE,br the benefit and security oi Lender,under and subject to the tertns and condiUons hereinafter set tortb.tha real � _
<br /> , . . ProP�Y descrfbed as fopows: - - --
<br /> � � Lot Yventy Seven t27), R & 8 Second Subdivieion. in the City of Grand Island, %� � 'u--
<br /> fi ` Hell County. Nebraska. '——
<br /> . � :;,�:
<br /> :�a:��
<br /> ` " � " Together with all buitdings,improvemants,ftxtures,sUeets,aileys,passageways,easemenb,rights,privHeges and appurtenances . . ��� -
<br /> . lacated thereon or in anywise pertafning thereto,and the rents,issues and profiffi,reversions and remainQers thereof,and sut�per- , �`��-�:_
<br /> . -:�n,
<br /> � sonat pruperty that is attached to the tmprovements so as to consUtute a fixture,including,bu!not limited to,h�aUng and cooliag equio- � � _
<br /> _ _. .. . __ ment;and tcgether with the homestead or madtal interests,Ii any,which interests are hereby reteased and vwaived;all at whfch,indud- � `- x'��'
<br /> . � _ • ing reptacemenb and addiUons thereto,is hereby dectared to be a paR ot the real estate secured by the Ilen of this Deed of TNSt and ' •. • •���-
<br /> a(1 of the foregoing being referred to herein as the•Prvperly'. � � ':�-;=
<br /> • This Deed o!Trust shall secure(a)the paymeni ot the pdncipai sum and interest evidenced by a promissory note or aedit agree- '��="
<br />; ment dated Mercb 19th 1998 .havin g a matuHty date ot 5e�tember 16th 19y8 �� • � • �:�fi.��.
<br /> . ,. . "�•-
<br /> , • in the odginal prinGpal amount oi$ 100,000.00 and any and ail modiffcatlons,extensions and renewals • � ���p-
<br /> . thereoi or thereto and any and atl future advances and readvances to Borrower(or any of them H more than one)hereunder pursuant � ��� .. �"-
<br /> . . . . to one or more promissory notes or credit agreements(heretn calted`Note�;(b)ihe payment af other sums advanced by Lender to S �' �--*r•
<br /> •. proied the security of the Note;(c)the performance ot ell covenants and agreements ot Trustar set forth herein;and(d)all present and � • •
<br /> � . � future inAebtedness and obligaUons ot Borrower(or any of them If mo�e Nan one)to Lender whether direct,indlreG,absotute or conUn- • �
<br /> � gent and whether adsing by note,guaranty,overdraft or otherwtse.The Note,this Deed oi Trust and arry and atl other documents that . .� � ,�..'�
<br /> � secure the Note or otherwise executed In cannectlon therewith, including without IlmitaUon guarantees,security agreements and � �
<br /> � assignmen�of leases and rents,shall be referred to herein as the'Loan instrumenb'.
<br /> • • • Trustor covenants and agrees wlth Lender as tultows: : '
<br /> . . �� 1. Payment of indebtednesa.All IndeMedness secured hereby shall be paid when due. • � . .
<br /> 2. Title.Trostor is the ovmer of tha Property,has the right and authodty to wnvey the Properiy,and warrants that fhe iten aeat-
<br /> ed hereby is a flrst and prior lien on the Property,except for liens and encumbrances set forth by Trustor In wriUng and dellvered to "
<br /> � � ' . Lender before executlon ot fhis Oeed of Trust,and the executlon artd delivery o}this Deed of Trust does not vlotate any contrad or ' �
<br /> ' other obiigatlon to which Trustor is subject. �
<br /> • , 3.Taxes.Assessments.To pay before detlnquency all taxes,special assesaments and ail other charges against the Property . � . �
<br /> now or hereafter levied. �
<br /> . 4.fnsu�rtce.To keep the Property Insured against damage by fire,hazsrds inctuded within the term'extended coverage',and .
<br /> � , � such other har�rds es Lender may require,in amounts and with companles accepfabte to Lender, naming Lender as an addiUonal �
<br /> � � named insured,with Iass payabie to the Lender. In qse o!loss under such poticies,the Lender is authoHzed to adjust,oottect and
<br /> "�. compramice,ali ctaims thereunder and shall have the opdon of apptying all or paR of the insurance proceeds(I)to any indebtedness � . :
<br /> . secured hereby and in such order as Lender may determine,(il)to the Trustor to be used for the repair or restoraUon oi the Property or � •
<br /> � . (iii)for any other purpose or object saUsfactory to Lender wlthout aHecting the pen oi this Deed of Trust for the full amount secured � �
<br /> • • . hereby before such payment ever took place.My applicaUons ot proceeds to indebtedness shail not extend or postpone fhe due date ��
<br /> oi any payments under tha Note,or cure any default thereunder or hereunder. � •
<br /> � 5.Eserow.Upon written demand by Lender,Trustor shall pay to Lender,in such manner as Lender may designate, suff)cient � . �
<br /> , sums to enabte Lender to pay as they become due one or more of the foilowing:(i)all taxes,assessments and other charges against
<br />- � the Property, (ii)the premiums on the property insurance required hereunder.and(i1i)the premiums on any mortgac�s insurance �
<br /> • required by Lender. �
<br /> 6. Maintenanee,Repairs ared Compiianee with Lativa. Trustor shail keep the Properry in good candition and repair;shall "
<br /> � • prompUy�apair,or repface any improvement which may be damaged or destroyed;shali not commit or permit any waste or deteflora- '
<br /> �' • j fion oi the Property:shall not remove,demolish or substantial►y altor any of the improvements on the Property:shall not commit,suHer
<br />. or permit any act to be done in or upon the Praperty in vfoiation oi any law,ordinance,or regutation;and shall pay and promptry dis- ' '
<br /> charge at Trustor's cosl and expense all;iens,encumbrances and charges levied, imposed or aceessed against the Property or any •
<br /> . . ; part thareot. - . ' . .'
<br /> . 7. Eminent Qomatn. Lender is hereby assigned all compensation,awards,damages and other payments or reliei(hereinafter tr ' �
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