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<br /> . � DEEO OF TRUST WITOi FUTURE ADVANCES N ' , _ _ ._ _ _7,�:
<br /> = THIS DEED OF TRUST,is made as of the 13LAday of Mar. ,19 97,by and among �� _ �;_ , , ?��-._
<br /> . ; �. __'..:�'�.-_*.
<br /> theTrustor, Rlcardo Appel 6 Tonye Appel . Aushand and �ife , �• �;?;-=:°:�
<br /> � 635 E Ashton Ave Grand Island He 68801-7803 � � -�-�`"'�=='—
<br /> • whase mailing address is (herein Tnisto�,whether one or more}, '���
<br /> theTrustea Five Pointe Bank� a Nebraska Corporation �����` -
<br /> , �� -�,;'�
<br /> whose maiting address is P•0. Box 1507 Grand Island, NE 68802 (herein`Trtistee7,and '. R - —
<br /> �=:-.
<br />. . ' q1e gQn���, Five Pointa Bank . ' � � " �-�—�
<br /> whose mailing address is 2015 N. Broadnell Grand Island. NE. 68802-1507 (herein'Lender'}_ ,
<br /> `�` FOR VALUABLE CONSIDERATION,inciuding Lender's extension of aedit identified herein to Aicardo Appel "
<br /> �.• .
<br /> �%�
<br /> . (he�ein'Borrovrer,whether one or more)and the trust herein created,the receipt � �
<br /> , of which is hereby adcnowledged, Trustor hereby irrevocabty grants, transfers, conveys and assigns to Tnistee, IN T(tUST,WITH -��� �1 '��`:�. � ':�.
<br /> POWER OF SALE,for the benefit and security of Lender,under and subject to the tem►s and conditions hereinafter set forth,the reat '. �,
<br /> property described as foflows: �; •�.;• ':.::
<br /> . � LOT OHE t 1), EXCEPT THE EAS'P 260 FEET THEFtEQF,taPfEI�ICAH LEGIOH Y��:.�
<br /> � ADDITION TO THE CI'PY OF GRAND ISLAND, HALL COUHTY, NEHRASKA. ALL OF LOT TNO �:,� ;�
<br /> c21. AHERICAN 1.BGIQ*1 ADDITION TO THE CIFY OF GRAHD ISLAHD. 3?ALL COUHTY. '�H' —
<br /> :n.�C'+;4ASKA. EXCEP7'IHG A CERTAIH TRACT 1fORE PAR?ICUL!lRLY DESCRIBED IH liARRAHTY + �
<br /> DEED RECORD� A5 DOCUHEHT NO. °b-107864. q,'� •, ,
<br /> Togetherwith atl buildings,improvemeng,fah:ras,streets,aileys,passageways,easements,righGs.privi;eges and appurtenances ..`�• �c
<br /> e.a.'. r
<br /> � located thereon or in anywise pertaining thereto,and the rents,issues and profiLs,reversions and remainders thereoi,and such per- _ - " .
<br /> � . sonal propeRy that is attached to the improvements so as to cansiitute a fixture,including,but not Iimited to,heating and coa'.ing equip- �" • �
<br /> men�and together with the homestead or marital interests,'rf any,which interests are hereby released and waived;all of which,indud- ' �''� ''� ���--
<br />� ing replavements and additions thereto,is hereby declared to be a part of the real estate secured by the lien of this Oeed of Trust and ' '�� ,;�''�'�f���-';
<br /> ' alt of t�e toregoing being referred to herein as the'Property'. ..•*��• ��S` ,�-
<br /> - Th�s Oeed oi Trust shail secure(a)the payment of the principal sum and interest evidenced by a promissory note or credit agree- %..+�-.
<br /> • ment dated �o��� 3��,aa� ,having a maturiry date of ��ch 32tA 203? • _ '-
<br /> .s,,,-_
<br /> '•w;�- 'j, x., �,�
<br /> , in the original pdncipal amount of$ 156.510.00 . and any and atl mod�caUons,extensions and renewats ���-- _ ,;_,�.. —
<br /> thereot or thereto and any and all future advances and readvances to Bortower(or any ot them ti more than one)hereunder pursuant ;
<br /> to one or more pmm.ssory nofes or credit agree��nts(herein calfed"Note7;(b)the payment of other surns advanced by Lender to �'��;�°•
<br /> protect the secudiy of C1e Note;(c)the peAormana=of ail covenants end agreer.snts o!Trustor set forth herein;and(d)ail present and F:�'��'"
<br /> , ' . future indebtedness and obii aUons of Borrower or an of tfiem if more than one to Lender whether direct,indired,absotute o�conUn- ����R
<br /> 9 ! 9 ) �'"' �:-�.�
<br /> � . gent and whether a�ising by note,gc:�ranty,overdraft or otherwise.The Note,this Deed of Tre;,s2 and any and all other documents that �''�`"i"•—�•`�
<br /> �an��..•
<br /> ' secure the Note or othervuise ex�ted in connectian therewith, inciuding wfthout IimitatioT guarantees.security agreements and :;�-�e����
<br /> -�-.���:- -��.
<br /> assignments of leases and rents,shall be referred to herein as the"loan Instra:r.�nts'. • •..�,.�.,,�........�.
<br /> Trustor covenants and agrees with Lender as follows: ,' �-•.�'�'�s�:��,`
<br /> 1. PaymBnt o4lndebiedness.AII indebtedness secured hereby shall ba paid when due. �� •�:
<br /> 2 �ttle.Trustor is the owner c5 the Property,has the right�c�aufhority to canvey the Property,and warrants that the lien creat• ..S.Y, �.:;;��a�a�<
<br /> .. ed hE�Cy Is a first and pNor tien on the Property,excepi for tie-s and encumbrances set forth by Trustor in wtitlng and�sllvered to -.;�;�;,�,,;�;��,r:_
<br /> Lender trelore execuUon oi this Deed oi Trust,and the execution and delivery of this Deed o!Trust does not violate any contrad or ;�.:K,;�.,,�,;,-,. .
<br /> othar obllgaUon to which Tn�stor is subject. - •� - •- �
<br /> �' i 3.Taxea,Aaaeasments.To pay before deBnquency all taxes,spacial assessments and all other c�sarges against the Property ,;,t'„,,��`
<br /> now or hereafter levi�d. _ ..
<br /> � 4.tnsurance.To keep the Properry insured against damage by flre,hazards InGuded w:ihin the term'extended caverage',and � • . � � -
<br /> such other hazards as l.ender may require,in amounts and with companies accepte4te to Lender, naming Lender as an addiUonal �
<br /> .• named insured,wi4h toss payable to the Lender.in case oi loss under such poltcies,the Lender is authorized to adjust,coltect and • .
<br /> compromise,all cialms thereunder and shall have the option oi applying all or paR oi the insurance proceeds(i)to any indeb2edness � � � -
<br /> secured hereby and(n such order as Lender may determine,(ii)to the Trustor to ba used for the repair or restoraUon of the PropeRy or � � � —_
<br /> • (ii�for any offier purpose or obJect satisfactory to Lender without aftecting the lien of this Deed ot Trust for the fuil amount secured •,,: , . � �
<br /> hereby before such parinent ever took piace.Any apptications of proceeds to indebtedness shall not extend or postpone the due date •
<br /> ' ot any payments under the Note,or cure any default thereunder or hereunder. . �
<br /> • � 5.Eserow.Upon written demand by Lendet. Trustor shall pay to Lender,in such manner as Lender may designate,sufftcient
<br /> sums to enable Lender to pay as they become due ono or more o!the following:(i)all haxes,assessments and other charges against •
<br /> the Property,(ii)the ptemiums on the property insurance required hareunder,and (iii)the prertsiums on any mortgage insurance .: •� :�
<br /> required by Lender. . !
<br /> 6.RIlalntananco, Repalrs and Comptlanee wlth Laws. Trostor shall keep the Properiy in good condition and repair, shall
<br /> . prumpUy repair,or replace any improvement whlch may bo damaged or destroyed;shatl not commit or permit any waste or deteriora- �
<br /> tion of the Property:shall not remove,damollsh or substant:alty alter any ot the improvements on the Property:shall no!commit.suffer � • s� `
<br /> or permit any act to be done in or upon the Property�n viotation of any law,ordinanco,or regulaGon;and shall pay and promptty dis- �
<br /> � � charge at Trustors cost and expense all liens, encumbrances and charges levied.imposed or accessed against 4he Property or any � � -_
<br /> • I part thereof. f • : � __•
<br /> _ 7 Ertsinent Domaln.Lender�s hareby assigned all campsnsatlon awards. damanas a�d nth9r p�yments o�re4ef(t�erein3fter � - --
<br /> � �,eeusr���,o,ywemre�,sna �. _---....-----.--u: . .
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