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<br /> '. �� \` DEED OF TRUSY WfTH FUTUItE ADVd�NCES ' ,��� . � � .
<br /> ��I . --'�_:_`__..�Y
<br /> ' ✓ �- .'- � . :
<br /> . � c�` i . +-"'
<br /> THIS DEED OF TRUST,is made as of the 7th day of March .�9 97 .byand among 7--�
<br /> � •�L:L ci
<br /> �f._`�__.•._�
<br /> • ma rieA oerson and Jerald K Sindt. her husband � ��,��_._
<br /> : tha Trustor. \ •. . . `�,
<br /> ' ��_�
<br /> wFtose mailing address is 9 na Rr��+���n� �t �ra��^�,—�—���Iherein'Trustor,whether one ot more), ��-r_
<br /> meTn,scee Five Po nts Ba k a Nebraska Cor oration ; : • ;��:
<br /> �..1�nT (herein`Tn►siee7.and . �,'�`T�;
<br /> whose mailing address is P A Rnx 7 F07, PranA Tala_o.cL, N E fi880 . . �
<br /> Five Po�nts Bank -� '���'"
<br />' ._ the BeneftdaN. ''`"^�,�: °
<br />� .._ ., r.. N c tiAAfl� (herein'Lende�. .�:�:�; ��;�",•_
<br /> whosemaitingaddressis 9015 N Breadwell ve � � ra��� j���+- - '
<br /> '. .. ..`�:,;: �r�.
<br /> FOR VALUABLE CONSIDERATION,including Lenders extension of credit identlfied herein to Laurie K Sindt _. , �?. .
<br /> , ;:; ' s�;
<br /> (here(n'Borrower;whether one or more)and ihe trust herein created,the receipt :�'�,.�
<br /> � of which is hereby acknowtedged,Trustor hereby irrevocably grants, transfers,comeys and assigns to Trustee, IN TRUST.WITH � _
<br /> � POWER OF SALE,for the benefit and securiiy of Lender,under and subject W the tertns and conQitions hereinaftar set torth,the teal ��`: :.', ,
<br /> � property describad as foltov�s: 4� i ;�;:;��' .
<br /> � !ot Seve�teen (17). glo�k Four (4), ir� Brentwood Subdivision in the City of Grand .} ,_
<br /> Island, Hall County, Nebraska. _
<br /> ',';,'� ..,,ec�, .
<br /> �r Together with all buUdings,improvemertts,fuchires.streets,alleys,passageways,easements,rights,privi�e9es and appurtenances
<br /> - loqted thereon or in anywise pe�taining thereto,and tfie rents,issues and profits,reversions and����dheaUn�end acooling uip- :����:-�
<br /> sonal proparty that is attached to 4he improvements so as to constitute a 8xture,inGuding,but not I � 9 �,, :
<br /> menk and together with the homestead ar marital interests,if any,which interests are hereby reteased and waived;all oiwhicb,includ- � �;�_..
<br /> ing repiacements and addiUons thereta,is hereby dectared to ba a paR of tha ceat esiate sec�red by the lien of this Deed of Trust and _ �.� _
<br /> aU ofthe foregoing being referred to herein as the'Praperty�'. -.�.
<br /> • This Deed ot Trust shall se:_�(a)the payment oi the pdncipal sum and interest evidenced�e'»h 11, 1999��dit agree- '� .__ �_—
<br /> ment dated Mnrr_h_.Z,, �AA� �having a maturiry dat..cf "
<br /> • ' �•'• ,.• �-•._�T��°..
<br />`,�'�•:�� tn the original pdncipal amount o1 S 80,000.00 .aand any and aii modificaL�ors,extensiorrs and renawals ��''�``-,
<br /> , .;,.::
<br /> ;•,�:;�•: thereoi or thereto and any and atl future advartces and readvances to Borr�wer(or any of them if mo�G'+�.an one)hereunder pu�suant �j� ^
<br /> to one or more promissory notes or credit agreements(herein calied'Na'?a'k: @)the payment of other sums advanced by Lender b
<br /> � protect the secudty oT the Note:(c)the performance of all covenants and agreements oi Trustor set forth herein;and(d)all present a-� E"::-°=-:+�+��
<br /> tuture indebtedness and obligay:�zs of Borrower(or any oi them if more than one)to Lenderwhether direc�indirect,absoiute or contin- ,;,�� .•'�.
<br /> gent and whether arising by nc�,guaranty.overdraft or otherwise.The Note,this Oeed of Trust and any and ail other documents that �!�"s� �. , '-;�;;,;.
<br /> secure the Note or otharwise executed in connection therewith, including without Iimitadon guarantees,security agreements and _ _
<br /> � assignments of leases and rents,shail be referred to herein as the"Loan InsWments'. _ �_f,�--
<br /> • Trustor covenants and agrees with Lender as follows: `�_ __
<br /> 1. Payment of Indebtedr2ss.All indebtedness secured hereby shall be paid whr-�ue. -,.��;���:.: _
<br /> 2. Tttte.Trustor is the owner of the Property,has the�gDt and authodty to convey'�`�e Property,and warrants��t the lien creat .•, • � ..
<br />� ed hereby is a first and prior lien on the Property,except for 11ens and encumbrences sat forth by Trustor in wriUng a�d deUvered to �.�`�__�
<br /> LenQer betore execu0on of this Deed of Tn,st,�nd the execuUon and delivery ot this Deed o!Trust does not violate any contraG or : - _
<br /> other obligaUon to which Trustor is subject ''_ , �,_ `;p:�� '�
<br /> 3.Taxss,Asssssments.To pay before delinquency a11 taxes,special assessme�ts and ail other charges agalnst the PropeRy _ � . . .
<br /> • now or hereafter tavied. �
<br /> 4.tnsurancs.To keep the PropeRy insured egainst damage by flre,hazards included within the term e�ctended caverage',and ~`°•*�:.. .� ,.:.;=~.• '
<br /> such other hazards as Lender may require,in amounts and with companies acceptabte to Lender, naming Lender as an additional . .
<br /> named insured,with loss payabte to tho Lender.In case o!loss under such policies. the Lender is authorized to adJust,ooilect and ::�::_ �.
<br /> compromise,all claims thereunder and shall have the optlon oi apptying ail or paR ot the insurance proceeds(i)to any indabtedness ' _
<br /> . secured hereby and in such order as Lender may determine,(il)to the Trustor to be used for the repair or restoraUon of the Property or . . .: . . :`_
<br /> (iii)for any other purpose or object saUsfactory to Lender �vithout aNecting the lien of this Qeed of Trust for the ful!emoun!secured i
<br /> hereby before such payment ever took ptace.Any applications of proce9ds 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. Eacrow.Upon written demand by Londer,Trustor shatl pay to Lender.In such manner as Lender may designate,sufficfent _
<br /> sums to enable Lender to pay es they become due one or more of the folinwing:(i)alt taxes, assessments and other charges against .
<br /> • the Property, (ii) the premiums on tha property irtsurance rsquired hereursdar.and (iii)the premiums on any mo�tgage insurance . . ,.
<br /> required by Lender. fn ood wndition and repair, shail • •
<br /> • 6. 14lalnlenance, Repalrs and CompUaneo r�ith f�.awa. Trustor shal!keep the Properry g
<br /> prompUy repair,or replace any improvement whtch may be damaged or desVoyed;shail not commit or pertnit any wasta or dete�iora-
<br /> tion oi the PropeRy:shall not remove,demoiish or 5ubstantialiy alter any of the improvoments on tha Property:shall not commit,suHer
<br /> . charge at Trustor'scost and exQense�ailhe s%nwmbrances and charges lev�ied,i posed orla�ccessed again tethe Praperiy or any � � . �
<br /> paR thereot. . '. --
<br /> - --- 7. �mineuY Dor..aia. Ler.d:s f:l:w�eby�ss!gned a�� �mpensation,awards,damages and other payments or retiet(hereinafter ` -
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