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<br /> DEED OF TOtUST WITFO �UT'URE�►D1l�4tdCES � `=- `
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<br /> TFtIS OEED OF TRUST,is made�a5 ui u�o Z-- •.o��� � " � � �
<br /> �� : -.._�_ ..
<br /> ' theTrustor, Geralyn D. Bruns f/k/a Geralyn D. Leiser, a married person and Jim N. Bruns, �� � '. .,,. `.
<br /> � her husband, NE ��'Trusto�',whetheroneormore). `r ` �, '`"4".�'
<br /> whosemai�ingaddressis 476 E 4Jh1te Cloud Road, Grand Island, ,
<br /> .�`.
<br /> � . meTtisr�e Five Paints Bank, a NebrasKa Corporation � : �:�;
<br /> � whose mailing address is D n Rox 15(17 r 6ran d isla n d, N E 68802-1507 (herein'Ynutee'�,and , ( " f.�`,y'��`
<br />, theBeneficiary. '"--•- ^-�-•_ Rank �. _ �''�" �`�
<br /> �'�---
<br /> • , . °: :. �}_.. �:
<br /> • whosemailingaddressis 2015 N Brnadwell Ave Gr'and Island NE 68803 (herein'Lendei'). . :�; � �.��=--��
<br /> .,--�-���*y1�--:�
<br /> FOR VALUABLE CONSIDERATION,induding Lende�s extension of credit identified heresn to Geralv n 0. Bru ns �' , , ��-_
<br /> . "• '�� �E , '.•
<br /> �, (herein'Borrower;whather or�e or more)and the tr�st herein cxeated,the receipt ..;�•.�:;�f�'. ' ,
<br /> �' , _�� ,
<br /> of vrhich is hereby acknouuiedged, Tn►sWr hereby Irrevocabty granLs,trdrtsfers,conveys and assigns to Trostee, IN TRUST, WI7H _..;.,�,s.i + . .-
<br /> ', ,' POWER OF SALE,for the benefit and secudty of Lender,under and subject to the terms and wnditions hereinafter set forth,the real F�
<br /> property described as follows:
<br /> '"� Lot Seventy-five (75) in West Lawn, an AddiLion to the City of Grand Island, t„��� ; �:.;
<br /> " Hall County, Nebraskao '�-i ��� —
<br />. _ . �� —
<br /> Together with all buildings,improvements,flMures,streets.alleys,passageways,easements,rights,pdvfleges and appuRenances •;•'���° •��i :
<br /> located thereon ot in anywlse pertaining therato,and the rents,issues and profits, reversions and remainders thereof,and such per- :r:�� , 't
<br /> � sonal propeRy that is attached to the impravements so as ro consGtute a fixhire,including,but not limited to,heating and coo�ing equip- ' - ��.� !� =�
<br /> ment;artd together with the homestead or marital interests,if any,which interests are hereby reteasEd and waived;all of which,indud- ,�s _ •��:+;�
<br /> ing replacemenb a�d addiUOns thereto,is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and •,���•4 '' �
<br /> : all of the foregoing being referred to here(n as the'Propertyr'. . ""��' . `"°!
<br /> � This Deed of Ttust shall secure(a)the payment oi the pdncipal sum and interest evidenced b a promisso note or credit a ree- �.:���--. -`�=r�=_-�'
<br /> .� Y TY 9 �, ,�,�;-
<br /> mant dated Ma,l^r h �1 1 AA7 .having a mahcrity data of March 31, 1998 ,. _ �
<br /> , .�.
<br /> • in the origirtal pdncipal amount of$ 50��00 00 .and any and all modiflcaUans, extensions and renewats ,��y�=-�==
<br /> ' thereof or thereto and any and all future advances and readvances W Borrower(or any of them if more than anej hsreunder pursuant ;,,�,,- • -�,;-_
<br /> • - to one or more promissory notes or credit agreements(herein called'No��;(b)the payment ot other sums advanced by Lender to --_
<br /> '. protect the searity ot the Note;(c)the perfortnance of aU covenants and agreements of Trustor set forth herein;and(d)a0 present and _ �� �_
<br /> ` future 3ndebtedness and obligaUons of Borrower(or any oi them if more than one)to Lender whether direct,indirect,absotut0 or contfn- �� �
<br /> . gant and whether arlsing by note,guaranty,ovetdraft or othervirlse.The Note,this Oeed of Trust and any and all other documants that �� �"``___
<br /> . �; secura the Note or otherwise executed in connectlon therewith, including without limitation guardntees, security agreaments and �.-,: �. _�:-
<br /> , assignments of teases and rents,shali be reterred to herein as the'Loan Instruments'. ,+<<,�_.,; �O,_ _--
<br /> • Trustor covenants and agrees with Lender as follows: °��"� '�� - �`• � �
<br /> � 1. Payment o!Indebtedneas.All indebtedness secured hereby shall be paid when due. z:��:�•"�}.��:�� �'+-
<br /> � 2. TiBe.Trustor is the owner oi the Property,has the right and authority to convey the Property,and warrartts that the Ilen creat- � _ � `Y �
<br /> ed hereby is a first and prior lien on the Property,except for Hens and encumbrances set forth by Trustor m wnting and del�vered to . .-- , �� �
<br /> Lender before execution of Uhis Deed ot Trust,and the execution and deiivery of this Deed ot Trust does not violate arry contract or �
<br /> ' other obiigation to which Trustor is subJect. '�' • �'�`�` � •
<br /> .� 3.Taxes,Assessments.To pay before deBnquency all taxes,speciai asressments and all other charges against the Properiy . , �
<br /> ' � now or hereaRer levied. . _ __
<br /> � 4.Insuranee.To keep the Property insured against damage by fire,hazards inctuded within the tenn'extended coverage',and , : • ---
<br /> � such other hazards as Lender may require, in amounts and with companies acceptable to Lender,naming Lender as an addiUonal � .
<br /> named insured,with loss payabte to the Lender.!n case of loss under such policles,the Lender is authorized to adjust,collect and .
<br /> � �• ; compromise,ail ctaims thereunder and shall have the opUon oi appiying 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 restoratlon of the Property or .
<br /> � (iii)for any other purpose or obJect satisfactory to Lender without affecting the lien ot this Qeed of Trust for the full amount secured . ; :
<br /> hereby betore such payment ever took place.Any applicaUons of proceeds to indebtedness shafl not extend or postpone the due date
<br /> . � of any payments under the Note,or cure any default thereunder or hereunder. : `_
<br /> � 5.Eserow.Upon written demand by Lender.Trustor shall pay to Lender, in such manner as Lender may designate, suffiaent .
<br /> � sums to enable Lender to pay as they become due one or more oi the foltowing:(i)a0 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 insurancs �'
<br />• required by Lender. ' • __ _
<br /> 6. Malntenartee.Repairs and Comptlanee with L�wa.Trustor shall keep the Property in good condition and repair; shall , � �
<br /> ' prompUy repair,or reptace any improvement which may be damaged or destroyed:shalt noi commit or permit any waste or deteriora- . �_
<br /> tion of the Properiy:shall not remove,demolish or substantially alter any ot the improvements on the Property;shall not commit,suffer • �
<br /> or pertnit any act to Ce done in or upon the Property in violaUon oi any law,ordinance,or regutaUon;and shatl pay ard promptty dis- ' • �
<br /> charge at Trustor's cost and expense aIl Iiens,encumbrances and charges levied,imposed or accessed against the Properry or any
<br /> � ..
<br /> part thereo}. � ��
<br /> 7. Eminent Domaln.Lender is hereby assigned all compensation, awards, damages and other payments or reliei(hereinafter � �
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