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<br /> DEED OF TRUST WITH FUTURE ADVANCES
<br /> ��
<br /> THIS DEED OF TRUST,is made as of the 26�_day of March , 19 98 ,by and among ��
<br /> theTrustor, Mark F_ (l'M�llPy & .lan 0'Mall y, h�cband and wife �
<br /> �
<br /> whose mailing address is 6425 N. St. Paul Rd Grand I sl and NE 6880(herein"Tn�stor",whether one or more),
<br /> me Trustee _ Fi ve Poi nts Bank. a N hr�cka Corporati on
<br /> whose mailing address is P.0. Box 1507, Grand I sl and, NE 68802 (herein"Trustee"),and
<br /> the Beneficiary, Fi ve Poi nts Bank
<br /> whose mailing address is �f11� N Rrn�riwel l , �ranrl T cl and, NF FAf��1 (herein"Lende�').
<br /> FOR VALUABLE CONSIDERATION,including Lender's extension of credit identified herein to Mark E. 0'Ma 11 ey &
<br /> .lnnnt fl'M�llc huc �i_fe
<br /> (herein "Borrower,"whether one or more) and the trust herein created, the receipt
<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 conditions hereinafter set forth,the real
<br /> property described as follows:
<br /> See Attached Exhibit A
<br /> Together with all buildings, improvements,fixtures,streets,alieys, 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 referred 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 Ma rrh 9�� 144R , having a maturity date of May�� 199R , ,
<br /> in the original p�incipal amount of $ 138,000.00 , 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 credit agreements (herein called "Note"); (b) the payment of other sums advanced by Lender to
<br /> protect the security 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,guaranry,overdraft or othervvise.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 authority to convey the Property,and warrants that the lien creat-
<br /> ed hereby is a first and prior lien on the Property, except for liens and enqumbrances set forth by Trustor in writing and delivered to
<br /> Lender before execution of this Deed of Trust, and the execution and delivery of this Deed of Trust does not violate any contract or
<br /> other obligation to which Trustor is subject.
<br /> 3. Taxes, 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 Lender as an additional
<br /> named insured, with loss payabie to the Lender. In case of loss under such policies, the Lender is authorized to adjust, collect and
<br /> compromise, all ciaims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness
<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
<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 piace.Any appiications 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, sufficient
<br /> sums to enable Lender to pay as they become due one or more of the following: (i) all 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 Compliance 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 pennit 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 permit any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and shall pay and promptly 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 Domain. Lender is hereby assigned all compensation, awards, damages and other payments or relief(hereinafter
<br /> NBC 31571Nonagricullural Deed)Rev.Sl96
<br /> �1988 Nalional gank d CmnierceTrusl and Savips Assxiatqn.Lincdn.Nebreska �{�
<br /> R ' �" � .:' �� ,.
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