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<br /> 'E!� VS � O
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<br /> DEED OF TRUST WITH FUTURE ADVANCES
<br /> `��
<br /> THIS DEED OF TRUST,is made as of the�r day of ��r. , 19�a ,by and among ry
<br /> the Trustor, Kathr�n L FPrri s R � orq HP Fc�rri fty Wj fe $ H��gh�nrl �
<br /> �
<br /> whose mailing address is 911 W 16th St Grand Island (herein"T�J3td�''B��tFi�r�or more),
<br /> the Trustee
<br /> .
<br /> whose mailing address is p 0 8ox 15�? Grand i�laad, N�' bgg02 (herein"Trustee"),and
<br /> the Beneficiary, �;�o Pni nt� Rgn�C
<br /> whose mailing add�ess is 7A1�i N_ Rrnarirwi 1 f;ranrl 7n1 anL(� NF �RR017-1'"i017 (herein"Lende�').
<br /> FOR VALUABLE CONSIDERATION,including Lender's extension of credit identified herein to Kathryn L Ferris
<br /> ��Qe�.qe� ��F.;re . Wi fe & Husband
<br /> (herein "Borrower,"whether one or more) and the trust herein created, the receipt
<br /> of which is hereby acknowledged, Trustor hereby inevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE,for the benefit and secu�ity of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br /> property described as follows:
<br /> The Southerly Forty Tro and Four Tenths (42.4) feet of Lot Five l5), in Block
<br /> Twenty Tro (22), in College Addition to West Larn, city of Grand Island. Hall
<br /> Gounty, Nebraska.
<br /> Together with all buildings, improvements,fixtures, streets,aileys, passageways, easements, rights, privileges and appurtenances
<br /> located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such per-
<br /> sonal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equip-
<br /> ment;and together with the homestead or marital interests, if any,which interests are hereby released and waived;all of which, includ-
<br /> ing replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and
<br /> all of the foregoing being refened to herein as the`Property".
<br /> This Deed of Trust shall secure(a)the payment of the principal sum and interest evidenced by a promissory note or credit agree-
<br /> ment dated ��6�������g ,having a maturity date of,��,6��t� a��� ,
<br /> in the original principal amount of $ _�,7��50 �8 , and any and all modifications, extensions and renewals
<br /> thereof or thereto and any and all future advances and readvances to Borrower(or any of them if more than one) hereunder pursuant
<br /> to one or more promissory notes or c�edit agreements (herein called "Note"); (b) the payment of other sums advanced by Lender to
<br /> protect the securiry of the Note; (c)the perFormance of all covenants and agreements of Trustor set forth herein;and(d)all present and
<br /> future indebtedness and obligations of Borrower(or any of them if more than one)to Lender whether direct, indirect,absolute or contin-
<br /> gent and whether arising by note, guaranty,overdraR or otherwise.The Note, this Deed of Trust and any and all other documents that
<br /> secure the Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements and
<br /> assignments of leases and rents,shall be referred to herein as the"Loan Instruments".
<br /> Trustor covenants and agrees with Lender as follows:
<br /> 1. Payment of Indebtedness.All indebtedness secured hereby shall be paid when due.
<br /> 2. Title.Trustor is the owner of the Property, has the right and authoriry to convey the Property,and wanants that the lien creat-
<br /> ed hereby is a first and prior lien on the Property, except for liens and encumbrances set forth by Trustor in writing and delivered to
<br /> Lender before execution of this Deed of Trust, and the execution and d�livery of this Deed of Trust does not violate any contract or
<br /> other obligation to which Trustor is subject.
<br /> 3. Taxea, Assessments. 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 acceptable to Lender, naming Lende� as an additional
<br /> named insured, with loss payable to the Lender. In case of loss under such policies, the Lender is authorized to adjust, collect and
<br /> compromise, all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness °i�"°
<br /> secured hereby and in such order as Lender may determine, (ii)to the Trustor to be used for the repair or restoration of the Property or i'
<br /> (iii) for any other purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured ;�...
<br /> hereby before such payment ever took place.Any applications of proceeds to indebtedness shall not extend or postpone the due date�.;
<br /> of 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, su�cient�•
<br /> sums to enabte Lender to pay as they become due one or more of the following: (i) ali taxes, assessments and other charges against
<br /> the Property, (ii) the premiums on the property insurance required hereunder,and (iii) the premiums on any mortgage insurance
<br /> required by Lender.
<br /> 6. Maintenance, Repairs and Compita�ce with Laws. Trustor shall keep the Property in good condition and repair; shall
<br /> promptly repair, or replace any improvement which may be damaged or destroyed; shall not commit or permit any waste or deteriora-
<br /> tion of the Property; shall not remove,demolish or substantially alter any of the improvements on the Property;shall not commit, suffer
<br /> or pennit any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and shali pay and prompdy dis-
<br /> charge at Trustor's cost and expense all liens, encumbrances and charges levied, imposed or accessed against the Property or any
<br /> part thereof.
<br /> 7. Eminent Domatn. Lender is hereby assigned all compensation, awards, damages and other payments or relief(hereinafter
<br /> �+ec s�s�Ir�onwdwwy o..a�Rw.sree
<br /> 019ea Nauair e�nic a connr.farni.�.ne s.�,:.�.....,w.�....��_.,�__�_ ..
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