|
r l ��J �'"� _
<br /> C� ` � "' j� L� �`? CJ�
<br /> "C� �� ^ n � 7! Gb C5 --� �/�
<br /> � � n. M fJ� ;� -,, � � a �/ ,.��.d' �
<br /> �, � � �. � � ,� � /'y� � t :
<br /> G� `� ? -� VH �p }.r
<br /> N �
<br /> R � .,. � Q Tl Q'!a��
<br /> � � f -r� � i� e +
<br /> 1 \ �+ ��' . .. � ..-) R`°„„y � f�•1 F--� Cn .....
<br /> � ;�a t'�:7 Q � w'
<br /> �; ���� n � r ::� �
<br /> � � � . n �� �.+ r c� W C
<br /> � , � �� }_..► W �
<br /> E�\ N ,,,�,� � �
<br /> � u' � o
<br /> DEED OF TRUST WITH FUTURE ADVANCES �
<br /> THIS DEED OF TRUST, is made as of the 2�th day of February , 19 98 , by and among
<br /> �
<br /> the Trustor, BOB HUMRICH, JR. and LINDA DIANE HUMRICH, HLTSBAND AND WIFE �
<br /> �1.,1
<br /> �.
<br /> whose mailing address is 4080 HORSESHOE PLACE GRAND ISLAND NE 6880�herein "Trustor," whether one or more),
<br /> the Trustee, B�K OF DONIPHAN
<br /> whose mailing address is PO BOX 270 DONIPHAN, NE 68832 (herein "Trustee"), and
<br /> the Beneficiary, B�K OF DONIPHAN
<br /> whose mailing address is PO BOX 270 DONIPHAN, NE 68832 (herein "Lender").
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to BOB HUMRICH, JR.
<br /> LINDA DIANE HUMRICH
<br /> (herein "Borrower", whether one or more) and the trust herein created, the
<br /> receipt 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 /> R & B Second Sub. , Lot 5, Grand Island, Hall Co. , PdE
<br /> PROPERTY ADDRESS: 4080 HORSESHOE PLACE GRAND ISLAND, NE 68803-
<br /> Together with all buildings, improvements, fixtures, streets, alleys, 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 personal
<br /> property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equipment;
<br /> and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which, including
<br /> 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 all of
<br /> 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
<br /> agreement dated February 27, 1998 , having a maturity date of March Ol, 2008
<br /> in the original principal amount of S 23, 500.00 , 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 to
<br /> one or more promissory notes or credit agreements (herein called "Note"); (b) the payment of other sums advanced by Lender to protect
<br /> the security of the Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all present and future
<br /> indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect, absolute or contingent
<br /> and whether arising by note, guaranty, overdraft or otherwise. The Note,this Deed of Trust and any and all other documents that secure
<br /> the Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements and assignments
<br /> 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 createci
<br /> hereby is a first and prior lien on the Property, except for liens and encumbrances set forth by Trustor in writing and delivered to Lender
<br /> before execution of this Deed of Trust, and the execution and delivery of this Deed of trust does not violate any contract or other
<br /> 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 now or
<br /> 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 named
<br /> insured, with loss payable to the Lender. In case of loss under such policies, the Lender is authorized to adjust, collect and compromise,
<br /> all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby
<br /> and in such order as Lender may determine, (ii) to the Trustor to be used for the repair or restoration of the Property or (iii) for any other
<br /> purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured hereby before such
<br /> payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under
<br /> 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 sums
<br /> to enable Lender to pay as they become due one or more of the following: (i) all taxes, assessments and other charges against the
<br /> Property, (ii) the premiums on the property insurance required hereunder, and (iii) the premiums on any mortgage insurance required by
<br /> Lender.
<br /> 6. Maintenance, Repairs and Compliance with Laws. Trustor shall keep the Property in good condition and repair; shall promptly
<br /> repair, or replace any improvement which may be damaged or destroyed; shail not commit or permit any waste or deterioration of the
<br /> Property; shall not remove, demolish or substantiaily alter any of the improvements on the Property; shalf not commit, suffer or permit
<br /> any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and shall pay and promptly discharge at
<br /> Trustor's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Property or any part thereof.
<br />
|