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<br /> . . , ± �t' � Of�ED OP Tl3U�Y l�i9iTH FUTUI�E ADVAE�CES -<:--��;:;-�--=;'�:-:-,,
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<br /> � THES DEED OF TRUST.is made as of tha�_day of Fp_�'�3 ::.;:''..
<br /> . , � ,' - ---:_ w v..�r ..17 A�ahand and_I � .,�~:
<br /> . ^ � the TrusDOr._ ` �
<br /> `� t: whose maifing address is �OQls [��P�t 10t1n Stra�t� [`r___r_���A Tal nndy ntF' tiRStm(herein'Tniswr.whether one or more). ,. �- �` •
<br /> _ , . -. . ��
<br />- . �� tne Tnutee N ska Fai Federal edi '. ` �-�,;
<br /> . . . S iniAq AI_A(� m@�U���e'��u .. �r'^`�,�''°—
<br /> •. wP�osemailingaddressis Wl Rn�L.99� rnl�n„h� r�� •,�� , "�°�' �
<br /> _�- `
<br />' ' �, the Seneficiary. �•�:;`�
<br /> .:+ic¢-•
<br /> � . � , whose mailing address is PO Be_�99i Celuml�+,s NF' 68fiQ2�?499 (herein`t.ende�. . _; _
<br /> �� .�.T.
<br /> 4 . FOR VALUABLE CONSIDERATtON,inctuding Lender's extension ot credit identifted herefn to_ Jack A. McCoimell and _ �'�►J�` -
<br /> ., :. � ;�:
<br /> _ � .. :L^;� .a�
<br /> . � �.-' . (herein'Barrowec;whether one or more)end tha trust herein created.tl►e rac�sipt ,_ ��u;.
<br /> :ti�:- of which is hereby acknowtedged.TrusWr hereDy icrevocabty granLs.transfers,conveys and assigns to 7nutee.IN TRUST.WfTH 4 { �
<br />-_- � ' -.-��-- POWER 8F SALE.for ihe benefit and sECUrity of Lender.under and subject tn the tsrtns and cond3�ons hereinafter set forth,the real � � -��.
<br />. :r.-_"_��5r��ct°_
<br />• • "` � pruPeRY described as fillows: . , '==;�-;'�'�
<br /> •. ,.:��---.
<br /> , Lot 4 of Block 4, Coloni.al Fstates Second Subdivi.sion, Grand Island, Hall Caunty, Nebraska . � . - - --
<br /> , �.��
<br /> �.'. ,�,r�_
<br /> � Together witb alt buildings.improvements,ftxwres.streets.allays.Passageways.easement�.rights.prtvileges and appurtenanc�s _• __. :_;:��
<br /> • located thereon or in anywise peRaining lhereW,and the rents,issues and profiTs.reverslons and remainQets thereof,and such per- .:=;�,--
<br /> �.� s.. .::�.:__
<br /> sonal propecty that is attached to the improvemants so as to consdtute a fixlure.inctuding,but not Gmited to,heaftng and cooting equip- . . .,t,V�-__
<br /> � menx and together with the homestead or marftal interests,if any,which interests are hereby released and waivad:aU of xrhi�h.inctud- ,__�._
<br /> • ing replacements and additions thereto,is hereby declared to be a part of the real estate secured by the tien of this Deed of Trust and • • r;�-
<br /> - .' •,?:.�s:._
<br /> � ali of the foregoing being referted to herein as the'Property�. • -
<br /> - Thts Deea oi Trusi shail secure(a)the payment of the prindpal sum and interest evidenced by a pmmissory note or credit agree- �, �:..-
<br /> ment Eated Febx�*'�! 9. 1998 .having a mawdry date of nonP_ stated � _
<br /> in the odgtnal principai amount of$��5� 00 . and any and all modifications. extensions and renewais . �'.���_�
<br /> 4�_
<br /> thareot or thereto and any and all future advances and readvances to Borrower(or any ot them if more than one)hereunder pursuant r.
<br /> ,1._._,
<br /> � to ons or more promissory notes or credit agreements(herein catted'Note");(b)the payment of other sums advanced by Lender to . - ,
<br /> � . profect the security oi the Note;(c)the peRormance of all cavenants and agreements oT Trusto�set forth herei�;and(d)a0 present and , ��3;�
<br /> �, .. future indebtedness and obiigations of Borrower(ot any ot them ii more than one)W Lender whether dired.indirect,absolute Or conUn- , .•.r:;,: �
<br /> . - . gen!and whefher arising by note,guaranty,ovardrafl or otherwise.The(Vote,this Deed oi Trust and any and ail other doGrments that ��� . .
<br /> secure the Note or otherwise executed in wnnection therewith, including without ltmitation guarantees, security agreements and r' ..
<br /> � ' , assignments oi leases and rents,shall be reterred to heretn as the'Loan Instruments'. :
<br /> • � Trustor covenants and agrees with Lender as follows:
<br /> ' 1. Payment ot Indebfedness.All Indebtedness secured hereby shall be paid when due. .
<br /> ' 2. Tttte.Trustor is the owner of the Property,has the right and authoriry to convey the Properly.and waRants lhat the Ilen creat r�. .
<br /> � � ed hereby is a first and prior Ben on the Property,except for liens and encumbrances set forth by TNStor in writing and QeBvered to .
<br /> • • Lender before executlon oT this Deed of Trust.and me execution and delivery ot thls Deed oi Trust does not viotate any contrad ot .
<br /> � other obligation to which Trustor is subJect. �
<br /> ' .�. ' 3.Taxes,Assessmonts.To pay before delinquency all taxes,special assessments and all other charges against the Property • .
<br /> , now or hereafter levied. � �
<br /> 4.Insurance.To keep the Property insured against damage by fire,hazards included within the term'extended coverage'.and
<br /> � � such other hazards as Lender may require,in amounts and with companies acceptabie to Lender,naming Lender as an addiUonal ,
<br /> E named insured,with loss payable to the Lender. in case of loss under sucfi policies,the Lender is authorized to adJust,coftect and . .
<br /> '� � i cnmpromise,all Gaims thereunder and shall have t�e optlon of applying ail or part ot the Insurance proceeds(i)to any indebtedness .
<br /> 4 secured nereby and in such order as Lender may determine.(il)to the Trustor to be used tor the repair or restoration oi the Properry or ,
<br /> . . . � (iii)for any other purpose or obJect satisfactory to Lender without aHecHng the tien of this Deed of Trust tor the full amount secured
<br /> hereby beforo such payment ever took piace.Any applications of proceeQs to Indehtedness shall not extend or postpone the due date
<br /> '�• • ' ot any paymEnts under the Note,or cure any detauit theteunder or hereunder. � . . .
<br /> ' . • ; 5.Eserov�.Upon written demand by Lender.Trustor shaU pay to Lender,in such manner as Lender may designate,sufficlent
<br /> ' � � sums to enabte Lender to pay as they become due one or more of the following:(i)alt taxes,assessments and other char3es against
<br /> ,,�� . � the PropeRy,Qi)the premiums on the property insurance required hereunder,and(iU}the premiums on 8ny mortgage�nsuranCe _ , _
<br /> required by Lender. .
<br /> '� 6. Malntenance. Repalrs and Compfianea wilh Laws. Trustor shall keep the Property in good condition and repair: shail .
<br /> • promptiy repalr,or replace any improvement which may be damaged or destroyed:st,ail not cammit or permit any waste or deteriora-
<br /> � ! tion of the Property:shaN not remove.demo6sh or substantially alter any of the improvements on the PropeRy;shail not commit,suffer
<br /> • or permit any act to be done in or upon the Property in violation o1 any law,ordinanco,or regulatlon;and shall pay and prompUy dis- � .
<br /> � � charge at Trustor's cost and expense all liens,encumbrances and charges levled,imposed or accessed against the PropeRy or any
<br /> r
<br /> . part thoreol , �
<br /> . , 7. Eminent Qomain.Lender is hereby assigred all compensation,awards, damagos and other payments or retief(hereinafter I
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