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<br /> ,f . ` � - , DEED O�TRUST IdVfTH FIJYURE ADVANCES `;� . . ` �;
<br /> � ' . . . March .�9 98 .byandamong �=' , °` �
<br /> � � ni�s n�o oF�usT,�s cr�aae as ot tne 17 th aay or ;,<� �- :
<br /> a m rried npr�on a d Randv J Mavfi�ld_�� �`- � �' ` �`•�.
<br /> " � � _ maTrustor.ChplleyC�.�1���,FhA Shellev D Siegel • �: E,�.,:_. �
<br /> ber husband ---
<br /> � ' �, whosemailingaddressis 509 W. 8th, GPattd Island, Ne. 68801 (herein'Tn�r',whetheronearmore), (
<br />, . . . +. ..
<br /> � meTrustee i Poi ts ank a he raska Cor oratian ���;, _._
<br />`; �. . rein'Tn�tea'}.and ��: {. , : —
<br /> • whose tneiting Sddress ts D Il Rnx 1 F(17 ('rand_Tc7�id� No FRR�� �
<br /> . ,._� tfie BeneflcEary. - _ .
<br /> •�. . -
<br />� . .'�� _ who�maiT,ngaddressis P. 0. Box 1507, Grand Island, N.e 688Q2 (hereio'Lender7. - - - -
<br /> ,r'.;.
<br /> . .. � ... .'. . ,.,�r_�.v—
<br /> ' t:'. .
<br /> • FOR VALUABLE CONSIDERAT[ON,inctading Lende�s extension of cred"d Idert�fied herein m Ran dv J Mav f i e l d a nd . :�. ;_
<br /> � (herein'Bomower.'whether one or more)and the trust herein QeateO.the reoeipt �r ;:�
<br /> � � . .. o f v fi i c h i s h e r e b y a c k n n w t e d ged.Tnistior hereb y irrevocabty granta, transfets.r�mrays and assigns to Tnistee,iN TRUS7,WfTH � _�_
<br /> pOWER OF SALE.for the benefit and securiry of Lender,under and subject fn t he t ertns a rt d co n di t t o n s h e r e i n a ft a r s e t f o rt h,t h e r e a l .,��:
<br /> �:T���-
<br /> �;' , . •. propertydesaibedastoltows: ,-
<br /> . �,�_.
<br /> . ���s�_..-
<br />- �� Lot 7wo (2) in Block One Hundred Twenty-1'wo f122) in Union Pacific Railway �;^„�:,:,
<br /> . � � Companys Second Addition to the City of Grand Island, Hall County, Nebrastca. � �u,-�._
<br /> � . Together with aii buildings.improvements,fbctures,streeffi,alteys,passagewaYs.easements,rights:privfleges and appur¢enances �,.
<br /> located theteon or in anywise perhaining thereW,and the rents,issues and profits,reversfons and rema(nders thereof,and such per- ".`;,�
<br /> � sonal property that is attached to the improvements so as to constitute a faWre,indudtrtg,but not Gmtted to,heating and oaofing equip� __�
<br /> �.---- , � --- � mer�and togethar w�h the homestead or madtal interests.it any.which Interests are hereby reteased and wahred;a0 oi whIch,inciud- � '; �'
<br /> ."' . � � ing reptacements and addiUons thereto,is hereby declared to be a part of the real estate secured by the lten of th(s Deed af Tntst and ,_.
<br /> . ,....^,
<br /> atl of the foregoing being reterred to hecein as the'Property'. � _:� -
<br /> . , . ��- Thfs Deed o1 Trust shaU se199(a)the payment of the pdncipat sum and Interest evidenced py a promisso note or credit agre� .T.�_
<br />- � . ment dated March 17, S .having a maturity date of September �6, 199$ �o
<br /> • . �. ' in the original pdncipal amount of$1Q,O,,,Q00 0� . and any and atl modi�tcatfons,extenslons and renewats ' � _
<br /> ,� thereof os theteto and any and all future advances and readvances to Borrower(or any of them H more than one)hereunder pursuant ,' ,� .`��
<br />• " to one or mora promissory notes or cxedit agreements(herein plted'Note'�;(b)the payment of other sums advanced by Lender W . . _ •:;�,
<br /> protec!the secudty of the Note:(c)the peAortnance o1 a(I ccvenants and agreements ot Trostor set fortb herein:and(d)all presertt and . -
<br /> � ' future indebtedness and obllgaUons of Bortower(or any ot them if more than one)to Lender whether direci.indired,absoiute or conUn- � . • •_
<br /> ' � :.. gent and whether artsing by note,guaranty,overQraft or otherwise.The(Yote,this Deed oi Trust and any and all other docaments that
<br /> � • ' secure the Nate or otherwise executed in connection therewtth,inctuding without lim(tation guarantees,securiry agreements and
<br /> • � � assignments of leases and rents,shall be reterred to herein as the'Loan InsWments'. . �
<br /> � ' . Trustor covenants and agrees with LenQar as foltows: . '. '
<br /> ' � � 1. Payment o1 Ende6tedrtess.AII Indebtedness secured hereby shatl be paid when due. _ •
<br /> � 2. Title.Trustor is the owner ot the PropeRy,has the dght and authorlty to convey the Property,and warranTs that lhe lien crea! ,
<br /> � � ed hereDy is a tlrst and pdor lien on the Property,except for liens and encumbrances set torth by Trustar in writing and deiivered to � �
<br /> • • Londer before execWon o1 this Deed of yrust,and the execuUon and dalivery o/this Deed oi Trust does rtot violate any contract or .,
<br /> � � other obligation to which Trustor Is subjec� � • -
<br /> � : . 3.Taxes,Assessments.7o pay before deUnquency ali taxes,special assessments and all other charges against the PropeRy .
<br /> now or hereafter levled. � . �
<br /> • � � 4.tnsurance.To keep the Property Insure0 against damage by flre,bazards included wlthin the term'extended cove►age,and .
<br /> � such other hazards es LenQer may requlre,in amounts and wtth companles acceptable to Lender,naming Lender as an addiUonai . ,
<br /> � �. • named insured,with toss payable to the Lender.In case ot loss under such polides,the Lender is authorized to adjust,caliecl and . ..
<br /> � wmpromise,ail ctalms thereunder and shatl havo the option oi applying all or paA oi the insurance proceeds(i)W any indebtedness
<br /> � ' setured hereby and in such order as Lender may detertnine,(li�to the Trustor to be used for the repalr or restoration oi the Property or
<br /> . (iii)tar any other purpose or object saUsiactory to Lender without affecting the lien ot this Oeed ot Trust tor the tull amount secured
<br /> • - • � hereby before such payment ever took p)ace.My appliqtions of proceeds to indebtedness shall not extend or postpone the due date . �
<br /> „ ot any payments under the Note,or cure any detault thereunder or hereunder.
<br /> � 5. Eserow.Upon written demand by Lender.Trustor shall pay to Lender, in such man�er as Lender may designate,sufflcient
<br /> � sums to enable Lender to pay as they become due one or more oi the following:p)all taxes,assessments and other charges against . ..
<br /> ; � : � I the Property.(ii)the premiums on the property insurance required hereunder.and (iii) the premiums on any mortgage insuraace .
<br /> required by Lender.
<br /> � 6. Malntenance, Ropalrs and Complianco v�itb Laws. Trustor shali keep the Property in good condition and repair:shali
<br /> �� ' • � prompUy repair,or replace any improvement which may be damaged or destroyed:shall not commit or permit any waste or deteriora-
<br /> .' � fion of the Property:shali not remove,demolish or substantlalty alter any of the improvements on the Property:shali nnt commit.suffer
<br /> • or permit any aG to be done in or upon the Prope►ty in viotation of any law,oMinance,or regulation;and shall pay and prompUy disr
<br /> • � charge at Trustor's cost and expense all uens,encumbrances and charges tevied.imposed or accessed egainst the PropeRy or any
<br /> . � patt thereof. . � � �
<br /> � j 7. Eminent Oomain.Londer is hereby assigned all compensation,awards,damages and other payments or relief(hereinafter
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