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<br /> (�., DEED OF TRUST WITH FUTUOtE ADVAtdCES � � �: '
<br /> - - '^�IS C�ED�F?R!!S?,i�.^.+.�e�s gf the 28TH d�y of MARCH �J 19 97 ,by and artaong� - . - - — .,
<br /> .,. \�J ` ,
<br /> � . the Trustor, . � �
<br /> .»,.�:
<br /> � whose mailing address is 961 S. KI MBALL ST., GRAND I S LAND NE 68801 (herein°Trustnr,whether one or more). — _. �,,�,,.,.;-�,_
<br /> _ - . :.<:�. '
<br /> . ,° the Tnistee •' .' -,
<br /> �
<br /> ,, whose mailing address is P 0 BOX 1507� �RAND I S LAND�N� �RAf19-t 5(17 _(herein`Trustee7.and � ; .:-'�� '_
<br /> ' :���
<br /> FIVE POINTS BAP1K ` �- p� ��` —{—
<br /> ' the Benefidary. � .' �;��;:;:
<br /> ; whosemaiiingaddressis 2015 N BROAD4JELL GRAND ISLAND NE 68802 _(herein'Lende�. -.:.N ,�..��";;;�-
<br />� . FOR VALUABLE CONSIDERATION,including Lenders extension of credit identified herein W KEVIN L. LOCKHART _
<br /> � �J� F�;.,�
<br />� . (herein'BoROwer,'whether one or more)and the trust herein created,the receipt � �'�1 �
<br /> of which is hereby acknowledged,Trustor hereby irrevocably grants,transfers, conveys and assigns to Trustee, IN TRUST,WITH - �'z- -�± ;. , �
<br /> ' POWER OF SALE,for the benefit and security of Lender,under and subjed to the terms and condfions hereinafter set forth,the real ^��'+ :, � ..
<br /> property described as foilows: '� .
<br /> ..._:��:w.•
<br /> THE SOUTHERLY 15.4 FEET Of LOT EI6HTY—FOUR (84) AND ALL OF LOT EIGHTY—FIVE (85) _' ` �' ' "
<br />' IN HAWTHORNE PLACE, AN ADDITION TO THE CITY OF GRAND ISLANO, HALL COUNTY, NEBRASKA t..;� �;
<br /> ' i�. "c `'
<br /> Tagether with all buildings,improvements,flxtures,streets,alteys,passageways,easements,rights,priviieges and appurtenances . �`a t .:
<br /> tocated thereon or in anywise perfaining thereto,and the rents,issuss and profits,reversions and remainders thereof,and such per- r�:: � �.:.
<br /> . - - sonal property that is attached to the improvements so as to consGtute a fixture,inGuding,but not limited to,heaGng and cooiing equip- ,._ }; :
<br /> ' ment;and together with the homestead or marital interests,if any,which interests are hereby released and waived;aU of which,indud- .T., I,_
<br /> �. ing reptacements and additions thereto,is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and . ;t_;:� -
<br /> ail of the foregoing being referred to herein as the"Property°. '' `��
<br /> This Deed of Trust shall secure(a)the paymer.t of the prirtcipal sum and inferest evidenced by a promissory note or credit agree- . ,�����
<br /> � ment dated MARCH 28 1997 ,having a maturity date of JULY 25_ 1997
<br /> _.���<
<br /> 25,035.50 _,and an and aN modificattons,extensfans and renewats ,'�'�`�"'"�
<br /> in the original principal amount of$ y ;.. • - _
<br /> � � ' thereot ar thereto and any and all future advances and readvances to Borrower(or any of them ii more than one)hereunder pursuant _
<br /> �. to ons or moro promissory notes or credit agreements(herein calted'Note�;(b)the payment of other sums advanced by Lender to ;�r��. .
<br /> ' '.�-a,.
<br /> , � protect the secu�(ty oi the Note;(c)the performance oi all covenants and agreements of Trustor set torth herein;and(�atl present and .;;r,;�,
<br /> s^��� future indebtedness and obligations of Bonower(or any of them if more than one)to Lender whether ditect,indlrect,absolute or conUn- _� �''�`�•�:• '�. :
<br /> gent and whether arising by note,guaranry,overdraft or otherwise.The Note,thls Deed of Trust and any and ali other documents that �--�r=..�? �..
<br /> �__
<br /> � secure the Note or otherwise executed in connection therewith, including without limitation guarantees, securiry agreemenis and "-5.-,.1,,,,,�.;��,w
<br /> assignments of teases and rents,shall be refeRed to herein as the'Loan Instruments'. ., .;.}. ,--.-
<br /> . Trustor covenants and agrees with Lender as toltows: � �,;, .
<br /> 1. Payment o!indebtedness.All indebtedness secured hereby shail be paid when due.
<br /> �• 2. Titta.Trustor is the owner of the Property,has the right and authority to convey the Property,and warrants that the tien creat- _; _
<br /> • ed hereby is a first and pdor lien on the Property.except tor liens and encumbrances set forth by Trustor in wr�ting arsd delivered to .. . � -
<br /> . Lender before execution of this Oeed of Trust,and the execuUon and delivary of this Deed of Trust does not violate any contract or
<br /> other obiigaUon to which Trustor is subject. • '"''°°
<br /> 3.Tax�s,Assessments.To pay before delinquency all taxes,special assessments and atl 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 /> sucfi other hazards as Lender may rPquira,in amounts and with companies accaptable to Lender,naming Lender as an addiUonal � .
<br /> named insured, with loss payable to the Lender. In case of loss under such polictes,the Lender is authorized to a�just,colie�t and . . _
<br /> compromise,all ciaims thereunder and sha11 have the opGon of appiying all or paR ot 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 affecNng the lien ot this Oeed of Trust for the full amount secured • •
<br /> . hereby before such payment ever took ptace.Any applicatlons of proceeds to indebtedness shatl not extend or postpone the due date ,
<br /> • oi any payments under the Note,or cure any deTault thereunder or hereunder. �
<br /> . 5. Escrow. Upon written demand by Lender,Trustor shall pay to Lender.in such manner as Lender may designate,suffiGent
<br /> sums to enabla Lender to pay as they become due one or more of the foliowing:(i)ail taxes,assessmenLS and other charges against �
<br /> the Property. (ii) the premiums on the property insurance required hereunder,and (iii)the premiums on any moRgage insurance .
<br /> , ; required by Lender. ' �
<br /> 6. Malntenance, Ropairs and Compllance with Laws. Trustor shall keep the PropeRy in good condition and repair; shall . _
<br /> . promptly repair, or reptace any improvement which may be damaged or destroyed:shall not commit or permit any waste or deteriora- ,
<br /> • tion ot the Property;shalt not remove.demolish or substantially alter any ot the improvements on the Properiy:shall not commit,sufter
<br /> or pertnit any act to be done in or upon the Property in violation of any law,ordinance,or regutation:and shall pay and promptly dis-
<br /> charge at Trustofs wst and expense all liens,encumbrances and charges levied, imposed or accessed against the Property or any
<br /> � part thereof. '
<br /> ' 7 Eminent Oomaln. Lender is hereby ass�gned all compensation,awards,damages and other payments or relief(heremafter
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