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<br /> � � ` DEED OF TRiJST WITH �UTURE ADVANCES • �� ' 4� . .
<br /> � THI�EED OF TRUST,is made as of the lOth day of___, March ,19 97 .by and among • � �-_�``-y`��a
<br /> ^ �:�.s ' —
<br /> tttctrihution Cn a Inc �� �'�j_���
<br /> me 7n,stor. W estertda �ax-° 68$03 � :. '�-y+�•.�,�� `"
<br /> -�k}Si�t�-'�.�—`?�..
<br /> whose maiiing address is 3554 W. $tollev Pd1"k R d. �rand Islan d. N E (herein'Trustof,whether one or more), �� , . „
<br /> ±�:
<br /> � meTn,scee Five Points Bank a Nebrastca Corporation � � :• ��=_�`.�;
<br /> 4
<br /> . �,�.` .
<br /> whose mailing address is P.0. Box 1507 G rand Island N E b8802-1507 (herein`Tnutee�,and . ���!�'•ti:
<br /> '�r,.
<br /> . thsBenefiaary• � . �_.. ���:.F�
<br /> , whosemailingaddressis 201� N RCpari�apll Ati�p � f'ran�j icland� NF 6A903 (herein'Lende�. : ---t-;"r
<br /> �Y. "..
<br />' FOR VALUABLE CONSIDERATION,inGuding Lenders extension of credft identified herein to � � �-
<br /> Westerin Distribution Com an Inc. '
<br /> (hereln'Borrower;whetfier one or more)and the trust herein created,the receipt :: � .: . yi-_:
<br /> !',.• of which is hereby acknowtedged,Tnutor hereby iRevoqbly grants,transfers,conveys and assigns fo Trustee. IN TRUST,WtTH . .J;;;-- . �,.,�.
<br /> . ?. P�WER OF SALE,for the benefit and security of Lender,under and subject to the tertns artd oonditions hereinafter set forth,the r�1 ,.`: �' �N ,� '" •_-,-
<br /> � .,-, . _=
<br /> � property described as follows: . �
<br />' •.4 i•.i " ,`��''' ..
<br /> = See attached 'Exhibit A'. �`� � ��' �.�
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<br /> � �+ '� �.
<br /> Together with ait buiidings,improvements,fixtures,strests,alleys,passageways,easerr�ents,rights,pr+viteges and appurtenanozs �� •��
<br /> located thereon or in anywise pertaining therem,and the rents,issues and profits,reversions and remainders fhereof,and such per- ��
<br /> sonat ro that is attached to ths improvements so as to constitute a fixture,including,but not limited to,heating and 000ling equip- ��u�:',�
<br /> P PenY
<br /> men�and together with the homestead or marital interests,'rf any,wh�ch interasts are hereby reteased and waived;all of which,indud-
<br /> ing replacemenb and additions thereto,is hereby deciared tc be a paR of the real estate secured by the iien of this Oeed of Trust and ��'__
<br /> ail of tho foregoing being referred to here in as t he'ProQe rt�. ��'�"" '� `"T �
<br /> ,-., ,•,
<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 Marrh 1� ]AA7 .having a matuAty date of,�y r��...?nm . ,;,,,__,.,"°�"'�
<br /> _ y. . _�r...'.__�
<br /> in the original pdnapal amour�t of$ �7G nnn f1A . ar�d any and all modifications. extensions and renewats � �� -=^�.^_�••�
<br /> thereof or thereto and any and ail future advances and readvancas to 8orrower(or any of th�m if more�an one)hereundar pursuant : � ��. . �i�-�
<br /> ... W one or more prora:isso ry notes or credit agreements(herein plled'Note�;(b)the payment of other sums advanced by Lender to �-,�---,�,_.-;
<br /> protect the securiry oi the Note;(c)the periormance of all covenants and agreements o i Trus tor se t fo r t h here i n;a n d(d)a l i p r e s e n t a n d .-,�,-� �-���,�:-a-.�r..-•-
<br /> • future indebfedness and obiigaUons oi Borrower(or any ot them it more than one)W Lender whether drect,indirect,absolute or contin- __._,,;.��;,_
<br /> gent and whether arising by note,guaranty,overdraft or otherwise.The Note,this Deed oi Trust and any and all other documents that °:�:���.:��:f_
<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 heretn as the'Loan Instruments'. ��`+~� •� �;
<br /> �. Trustor cavenants and agrees with Lender as follows: ,� :w R ,.� _ '
<br /> 1. Payment ot Indebtednass.All indebtedness secured hereby shall be paid when due. -,-�_:,-.;;:.:•.�.�,;:-�
<br /> ' 2. TWe.Trustor is the owner oi the Property,has the right and authority to convey t±ts Property,and wananb that the Iien creat- � , � .
<br /> � ed hereby is a first and prior Ben on the Property,except for liens and encumbrances se't SoRh by Trustor in writing and delivered to ;.r:.• :. ,,, _
<br /> Lender before execuUOn of this Deed oi Trust,and the execution and delivery of this Deed of Trust does not vlolate any contract or - `
<br /> other obligation to which Tnistor is subject .�, . �
<br /> 3_Taxes,Assessmsnts.To pay be for�de l inquency a l l t a x e s,s p e c i a l a s s e s s m e n t s a n d ail other char ges a gainst the Property •
<br /> ' now or hereafter levied. � ` � . `
<br /> 4.Insurance.To keep the PropeRy insured against damage by fire,hazards inGuded within the tertn'extended coverage'.and . 1
<br /> such other hazards as Lender may require,in amounts and with wmpanies acceptable to Lender, naming Lender as an additlonal . ��
<br /> named insured,with�oss payabte to the Lender. In case of loss under such policies,the Lender is authorized to adj�ast,coltect and �-
<br /> , compromise,atl d�:ms thereunder and shail have the opUon of apptying 2:1 or paR of the insurance�roceeds(i)to any indebtedness .
<br /> � secured hereby and in such order as Lender may determins,(ii)tv the Trustor to be used for the repair or restoraUon of the Pr+opeRy or � , . _
<br /> � (iii)for any othet purpose or object satlstactory to Le�der without aftect}ng the tlen of this Deed of Trust for the full amount secu►ed _
<br /> . � hereby before such payment ever took place.Any apptipUons oi praceeds to indebtedness shail not extend or postpone the due date �
<br /> � ? of any payments under the Note,or cure any detault thereunder or hereunder.
<br /> 5. Escrow.Upon written demand by Lender,Trustor shatl pay to Lender,in such manner as Lender may designate, sutfictent
<br /> sums to enabfe Le�der to pay as they become due one or more of the foliowing:(i)all taxes,assessments and oiher charges agalnst
<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. Maintenaace, Repairs and Compllance with Lawa.Trustor shail keep the Property in good condit�on and repair, shall , . �y
<br /> prompUy repair,or replace any improvement which may be damaged or destroyed:shall not commit or pertnit any waste or deteriora-
<br /> � tion of the Property;shall not remove,demolish or substantially alter any of tfie improvements on the Rropetty;shall n�t cammit,suffer
<br /> ar pertnit any act to be done in or upon the Property in violation of any law,ordinance,or regulation:and shall pay and promptty dis- �
<br /> charge at Trustors cost and expense all liens.encumbrances and charges levisd. imposed or accessed against the Property or any .
<br /> . �� part thereof. .. _
<br /> 7 Eminont Domaln.Lender is hereby assigned all compensation,awards, damages and other payments or reliei(heremafter
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