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<br /> DEED O�TRUSY ViIiTH FUTUQ�ADYANCES � .. •
<br /> - ; �7-�Q�B�� . _ � .. . . ��
<br /> �� .
<br /> • THIS DEED OF TRUST,is made as of the �r�+h day aT a� .19 a�,by and amony (�� � 'Y; �.� �_�. -
<br /> . T�P , :�.y:��.-�-
<br />� th8 Trusto�. Flayn F C�t�ow 8� AnQplin€ T Ci12ew husban and rife �G� •, • ;'"�T- --
<br /> whose mailin address is 308 E 9th St Grand Island�herein?n s�o�wFi��e3988 � ___' -::�>� -
<br /> g e r one or more. ` �"—e�+.-�-�:
<br /> - _.<_�.-_
<br />. _ thaTrustes �1+IC+-.°v� n� �' ue�Lr-BCik$�Z.^~o�Q;i�ti '�;�2_:
<br /> .k
<br /> . whose mailing address is P.O. Box 1507 Grand Island. NE 68802 {t�erein`Trus[ee7,and •Y�y-_
<br /> ::,.� -�—=-__—
<br /> � the Benefi:.iary, Five Pointa Bank '..��,,��
<br /> £ ' whose mailing address is 2015 t�. Broedrell Grand Ielar,d� tiE. 688�2-1507 (herein"Lende�. �'`���"��`�� �
<br /> .�y -
<br /> ' FOR VALUASLE CONSIDERATION,induding Lenders extension of credit identihed herein W dayne F Gulzor • �^�,'" 'T }- .� __
<br /> '.;-,
<br /> , �..
<br /> ' • (herein'Borrower;whether one or more)ar,d the wst hereln created,the teceipt ''' "' � :,•.•_
<br /> � of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST,WITH ;!��; - �.
<br /> , . POWER OF SALE,for the benefit and security of Lender,under and subject to the terms and condittons here(nafter set forth,the real :..��'�
<br /> property described as fitlaws: . `�.:�: �.
<br /> Lot Five t53, Biabap Heighta Se�ond Subdiviaion, City of Grand Ialand, �iall 'i:t..
<br /> . . County, Hebraska. AtID TP►e i�eet 33 feet of Lot 6, Block 142, Union Pacific RR'a � �'? �r�-
<br /> .. Secomd Addition to the City of Grand Ieland, Hall County, Hebraeka. �.-mv.��.:, . _ .•:;4��� � '
<br /> , . �+;i;
<br /> 7' ether with all buitdin s,im rovements,flxtures,streets.alle ssa ewa easements,d hts,prfvile es and a urtenances � "�'
<br /> . �� 09 9 P Yg•Pa S Yg� 9 9 Da •:�r�., �•
<br /> IocaOed thereon or in any►vise pertaining thereto,and the rents,issues and pmfits,reversions and remainders thareot.and such per- �•�.�
<br /> sonal properly that is attached W the improvements so as to consUtute a fixture,inGuding,but not limited to,heaUng and cooling equio- �`
<br /> _ �y_>.
<br /> • ment;and together with the homestead or marital interests,ff any,which interests are hereby re:aased and waived;all of which,indud- • .��=.
<br /> • ing replacements and addiUons thereto,is 9nereby decfared to be a paR of the real estate secured by the lien ot this Oeed of TNSt and �:�`..
<br /> all of the foregoing being referred to herein as the'Propert�l'. �' - -
<br /> �.; Th(s Deed of Tnist shall secure a ths a �'`''""`°��'-'
<br /> . ( ) p yment of the pdncipal sum and interast evtdenced by a promissory note or cr�dit agree- �. -�.:. .
<br /> ment dated having a maturity date of � - - r- '_
<br />' � in the ori�i;�al principal amount of$ g,l�o,?a . and any and alt mod'rffcaUons.extensians artd renewais �„ _ - �_
<br /> , fhereot or Yfiereto and any and all future advances and readvance,,to Bonower(or any ot them if more than ane}hereunder pu�suant •_�
<br /> ° ' to one or more promisso notes or credit a reements here3n cailed'Note the a ent of other sums advanced h i pnc�er to F"" ' . . -
<br /> ►Y $ ( 7:(b? P Ym Y ��.�— ..
<br /> protect the secuftry oi the Note;(c)the performance afi alf covenants and agreem2nb ot Tn�stor set forth herein;and(�ali present and ' �� __._°---
<br /> fuhire indebtedness and obtigations of Borrower(or a:ry of them if more than one)to Lender whether direct,indirect,absolute or contln- '' • ���=z_
<br /> gent and whethor arising by note,guaranty,overdraR or otherwise.The Note,this Oeed oi Trust and any and atl other dacuments that _ •�-°- - _ --
<br /> . .� secure the Note or otherwlse executed in connedlon therewith,including without Ilmitation guarantees, security agreements and - '"=-'� -
<br /> assignmer.is oi leases and rents,shail be referred to here�n as the'Loan Instruments'. �� " �� �
<br /> . �
<br /> Trustor covenants and agrees wfth Lender as follows: -_
<br />' � 1. Payment oi(ndebtedness.All indebiedness secured hereby shall be pald when due. _ �°-.::;��'?
<br /> 2. TitJe.Trustor is the owner of the Property,has the right and authority to eonvey the Property,and vvzr►anb that the Uan creat - ��`°��" ':"" �
<br /> � • ed hereby is a first and pAor lien on the Property,except for t!ens and encumbrances set foAh by Trustor in wriUng and detivered to - ' .�:
<br /> � . Lender be`are executlan of this Oeed of Trust, and the execution and delivery of this Deed of Trust does not viotate any oontract or .�:•.,- -, "
<br /> - other obiic,,stion to which Trustor is subJect. _,:, = ��;:.;Ae,��-_
<br /> . 3.Taxes,Assessments.To pay before delinquency ail taxes,special assessments and ail other charges egainst the Properiy :,'. ,
<br /> now or hereafter levled. � "'"ac��.
<br /> �'A �
<br /> ' 4.Insurar�ee.To keep the Property lnsured against damage by fire,hazards inetuded withln the tertn'extended eaverage',and , . .� `'`'.•�<..;-
<br /> such other hazards as Lender may require,in amounts and with compaNes acceptable to Lender,naming Lender as an additlonal ;.,•„�,.;.;,�... _
<br /> named insured,with loss payable to the Lender.In case of toss urs�er such po0icies,the LenC�r is authorized to adjust, collect and � .
<br /> �; oomprom°se,aU clatms thereunder and shall have the option oi zp�ying all or part of the insurance proceads p)to any Indabtedness � `� � - -
<br /> .. `' secured hereby and in such order as Lender may de!2rmine,(ii)to the Trustor to be used for tho repair or resWraUon of the Property or � . -- .:
<br /> (iii)tor any other purpose or object saUstactory to Lender without aNecting the E.^n of this Deed ot Trust for the fuil amount secured � • �'�, ,�,,,. �
<br /> fS hereby before such payment ever took place.Any z�plicatlons of proceeds to Indebtedness shall not extend or postpone the due date ; �
<br /> of any payments under tha Note,or cure any default thereunder or hereundor. � . =-
<br /> � 5.Eacrow. Upon written demand by Lender,Trustor shall pay to Lender, in such manner as Lender may designafe,sufficlent
<br /> sums to enable Lender to pay as they become due one or more of the following: (i)ail taxes,assessments and other charges agai»st • � � . . � �'
<br /> the Property, (ii)the premlums on the property insurance required hereunder.and (iii)the premiums on any mortgage Insurance . '' �
<br /> required by Lender. � � � .—
<br /> 6. Maintenance, Repairs an�1 Compllance wltN Laws.Trustor shall keep the Properry in good condlUon and repair, shall . .. �
<br />� _ prompily repair,or replace any improvement which may be damaged or destroyed;shall not commif or pertnit any waste or detedora• � ___ •__ � � _
<br /> _ Uon of the Property;shatl not remove,demotish or substantialiy alter any of the improvements on the Property;shall�not commit,sufter . -
<br /> �. or permit any act to be done in or upon the Property in viotation of any la�v,ordinance,or regulaUOn:and sha11 pay and promptiy dis- � � �
<br /> . charge at Trustor's cast and expense alt liens, encumbrances and chargea levied,imposed or accessed against the Property or any � --
<br /> part thereol. . • ..
<br />� 7. Eminent Qomatn.Londer is herehy assigned ail compensaUon,awards,damages and other payments or relief(hereinafter �'.
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