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<br /> � pE���e ro�ee�r uy�TH FUTUFt�ADVANCES {��'��
<br /> � -�T,�V-
<br /> F 7HIS DEED OF TRUST,is made as of the 1ST day of APRI� , 19 97 ,by and among� _--
<br /> O =:•--
<br /> ��:�' theTrustor, SRUC�E G LUX AND P61hIE1.A S Ll1X HUSBAHD AND WIFE � � iir"s�
<br /> �
<br /> ,� � whosE mailing address fs 9(19 I ART AT�l_AGE�I�RhNn 1 S I_AN�. NF 5RR(13 (herein'Trusto�',v�hs:hsr one or more), �
<br /> . � � .
<br /> � theTrustae_ FIVE POINTS_BANK. A_NEBRASKA CORPORATION =
<br /> K whosemaflingaddressls P•0. BOX 1507, GRAND ISLAND NE 68802-1507 (herein'Trusteo'),end ____
<br /> . � theBeneflciary, FIVE POINTS BANK _
<br /> � whose mailing address Is 9n1� u RR(lAf1W , rReun t,$,�p�p.�pJ.�...b$$(12 (hereln'Lende�'). `
<br /> F O R V A L U A�L E C O N S I D E R A T I Q N,i n c l u d i n g L e n d e r s e x t e n s l o n o f credlt IdenUfled hereln to dRUC� G. I_Ux ANp
<br /> PAMELA S. LUX
<br /> � (hereln "Borrower,"whether one or moro)and the trust herefn croated,the recelpt
<br /> �f M,hir.h L,hereby acknowledged. 7rustor hereby Irrevocably grt�nts, hansfers, convoya and asstgns to Truatee, IN TRUST,WITH
<br /> POWER OF SALE,for the benefit and secuNty ot Lender,under and subJ9ct to the terms ana conaiGona i�eieii6�ter�i f:srits,L';C tM.'I
<br /> '�' property described aa follows:
<br /> L07 39, WESTERN HEIGHTS 3RD SUBDIVISION TO TH� CITY OF GRAND ISLANQ.
<br />--- . HALL COUNTY, NEBRASKA
<br /> � � s� -
<br /> z`'. • ' Together wilh eIl bulldings,Improvemen4s,flxtures,streets,alleys, passegeways,easements,rights,pdvileges and eppurtenences
<br />%�'`•~��� � ' �� locatBd thereon or in anywlse portslning thareto,end the rents, issues end profits,revarslons end rerr►alnders thereof,end euch per
<br />_��,,,;,. "' �; sonal property that Is attached to the Improvements so as to canstltute a flxture,lncluding,but not Itmltad to,heating and coollnp equtp�
<br /> ,�,. . ,. ';, mant;and together wlth the homestead or madtal interests,It any,whlch Interosts aro horeby reteased and walved;a0 0!whlCh,Inctud-
<br />=,�.� •. .,�;. ing realacements end addlttons thereto, Is hareby declared to be a part of the real estate sgcured by the Ilen of thts Deed of Trus4 and
<br />-�::_�._��,..•': all of the foregoing being referred to hereln as the'Properly°.
<br />-�:Y":;�'.�� Thls Deed of Trust shall secure(a the payment of the pdnclpal swn�nd Interest n�ldenced by a promtssory�note or credlt egre�
<br />'����^ �� ment dated APRI L 1. 199� ,having a maturity date oi �_��n�, -
<br />�'-�=�'��`s''' �
<br /> �` j�''"''' in the orlgfnal principat amount of a 55,032.50 ,and any and etl rt:odificatlons,extensfons and renewals
<br />`�.?'�x:w�f.
<br /> , ..��. t thereof or tt�areto end any and all future fldvancas and readvances to Borrower(or any of them If more than one)hereundor pursuant ""
<br /> A�' '"'�' ,. to one or more prom(ssory notes or credlt agreements(hereln called "Note');(b)the payment of other sums advancod by Lender to
<br />°'"�'"`'"�'•�. '' protect the security of the Note;(c)the performance of oll covenants end agreements of Trustor�et torth horefn;and(d)ail pres9nt and
<br />: �'�'�� fut�re Indebtedness and o411gatlons of Borrower(or any of them!i more than one)to Lender whether dir�ct,lndlrect,absolute or contfn-
<br />-�4i.^�1:_
<br />��:;i;�:.�:;.: gent and whethor arisfng by note,guarenty,overdraft or othervufse.The Note,thls Deed of Trust end any and all other documents at -
<br />'�"��'"°:�' secure tha Note or otherwise executed In connectlon thsrewlth,Including wlthout Ilmltetlon guarentees, secairity agreemants and
<br />_•:•�;:il�r:-... .
<br />_:���•: - •_. asslgnments oileases and reMs,shall be refarred to herein as the'Loan lnstruments'.
<br /> -.. ,,,#�4,;•.t Trustor covenants and agrses wlth Lender as follows:
<br />`"�'';,`.,,:;',.,.;� 1. Payment of h�debtddnesa.AII Indebtadness secured hereby shall be pald when due.
<br /> �'�•'� �' 2. Titte.Trustor Is the owner of the Property,has thd rlght end authority to convey the Properly, and warcants that the Iten creat-
<br />�:f; � ' ' ed hereby Is e first and priar tlen on the Property,excep2 tor flens and encumbrances set forth by Trustor In writing and deflvered to �
<br />- ' Lender before executlon of this Deed of Trust,and the e:cecution and dellvery of thls Deed of Trust does not vlolato any contract or
<br /> ij��� � other obllgatlon to whlch Trustor Is sub ect.
<br /> . •f.•'-:�,. 1 =
<br /> r '�:r�;'k 3.Taxes,Asseasments.To pay be?ore dellnquency all taxes, speclal assessments and all othgr charges agalnst tho PraQerty c_
<br />• ,':.,�',�: -
<br />' � ,•���.,,y, oow or hereafter levied. "_
<br /> �.• . � ` 4.Insusance.To kaep the Property insured agalnst damage by flre,hazard3 Included wlthin tho term'extonded coverage',and
<br /> t. . �:-
<br /> ��� such other hazerds as Lendnr may requlre,In amounts and wlth companles Acceptable to Lender, naming Londer es an addltlonal _ _
<br />����'•�, � named tnsured,wfth toss pay�ble to the Lender. !n case o 1 toss un de!such pollcles, the Lender Is authorized to adJust,collect and �_
<br /> , compromise,all claims thereunder and shall have the optlan of applying eIl or part of the Insurance proceeds(i)to any(nde5tedness
<br /> '�:�, secured hereby and In such order as Lender may determfne,(U)to the Trusror to be used for the repair or restoration of tho Property or =.
<br /> - ��� • ' (III)for any other purpose or obJect satisfacicry to Lender wlthout aifecting the Ilen of thls Deed of Yrust for the full amount secured
<br /> � n�h�hatnna such navment eve�took alace.Any eppllcatlons of pracocds to Indebtednesu shall not oxtend or postpone the due date
<br /> �_ -- .
<br /> _ _
<br /> -- - ••-�--• - • -
<br /> of any payrt�ents under the Note,or cure any default thereunder or hereunder.
<br /> � 5. Eacrow.Upon written demand by Lender,Trustor shall pay to Lender,In such manner as Lender may doslgnate, sufficlent
<br /> � sums to enaCle Lender to pay as they become due one or mare of the following:(I)all taxes,assessments and othor chargos egelnst
<br /> ' the Property, (If)the premfums on the property Insurance r�qulred hereunder,and (lil) the premlums on any mortgage Insuranco
<br />= required by Londer.
<br />- B. Malnte�ance, Repairo and Compllance wtth Lauva. Trustor shall kaep the Property In good conditlon and repair; shall
<br />_ ----=+ promptly repalr,or replace any improvement whlch may be damaged or dastroyod;shall not commlt or permlt any waste or deteriora-
<br /> tlon of the Property;shall nnt remove,demolish or substantlally alter any of the Improvements on tho Property;shall not commlt,suHer
<br />- or permit any act to be done in or upon the Property in violatton of�ny law,ordinance,or regulation; and shall pay and prompUy dis-
<br /> „ chargu at Trustors cost and expense all liens,encumbrances and charges tovled, imposed or accessod agafnst the Rroporty or any
<br /> part lheroot.
<br /> • 7. Eminent Domaln.Lender is hereby assigned all compensatlon,awards, damages and othor payments or rellef(horef�aftt�r
<br /> A9C�!)I�Yl�'�tl WMI Rn Sl90 . ' �.
<br /> s � . u�o]J�u'�w aw a en.r�e.wTru,�da sa.ry.A,sowL�,LnmN.rtla.uf • •
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