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<br /> • . ACKNOWLE�OBMENT�R OEED OF TRUBT
<br /> �T����F����: 93•; lo"�so
<br /> Trwbr und�af�nds Ihtt tIM docu�t tl�t Trustor 1�about to�x�out�Is�OMd ol Truq�nd no!a moAp��nd tl►nt q�pow�►
<br /> Of�provid�d br In tA�O�sd M Truu providu wbrf�ntla�ly dlfNr�nt riphb and abllp�UoM b Trusbr th�n�mortp��Iq th��wnt
<br /> of.d.aun a bn.oh a oab.non und.r a�.M�d of Trwt,Inaludinp,but not Ilmlud to,th�t.�nd�r'�ripht to h 1hM Prop�ryr�otd
<br /> �������I�S 0� IT p�Tru�tor np►a�nt��nd wa b t thls�ak110w wq�7WCUNd by
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<br /> ;.s. Tho�u b Kov�ad� T�ustor Sinpl� P�rnop
<br /> Tru�wr SiDQl� P�rApil•
<br /> � OBED OF TRUST WITH FUTURE ADVANCEB
<br /> TFIIS DEED OF TRU8T,i�mada es of ths 13t.�_day of �p• ,19�.,by and amanp
<br /> �T�, Thon� L Kovand� i . �in�l� p�r�on ,
<br /> 907 8�11 Blvd Lir�nd I�l�nd M� GAA01-6708
<br /> • wlws�mallinp addras i� (her�in"Truna: wh�thtr one o►nwral.
<br />_ .• j,�` ..:.-.'�:}'.:'.•--
<br /> �� n;• v.;.a,.:. • �T�q� Piv� Poinl� Bank, • N�br��k� Corporation ,
<br /> ' � �`� t� • whose m�llinp add�ee�Is P•0. Bo: 1387 Or�nd Island, ME 68802 (herein•'Truaae'�,and
<br /> ; , ��:;'�::��: ^ . • thaeon�floiary. Fiw Point� Bank ,
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<br /> ,;%%'•:: : :t�
<br /> . • ' .. whae n�ilinp eddreu Is �iS N. Bro�d�ell (3r�nd I�l�nd. NB. 68802-1507 (tw�ein"l.�nda'�.
<br /> r• r FOR VALUABLE CONSIDERATION,includinp Lender's extension of credit IdendNed h�►ein t�o�u L Kov�nd�
<br /> :a...,•.- . ,�K.s=�'
<br /> � . .
<br /> ;i ; i (herein"Botrower",whether one or more)end the truat hereln oreated,
<br /> '`r ��' the recNpt of which Is hereby acknowledped,Trustor hereby Irrevocebly yrants,tr8nsiers,conveye end assigns to Truslee,IN
<br /> , ..,'. TfiUST,VYtiH POWER OF SALE,for iha banerit and sscurity of Londcr,undcr and yubjeetlo the terma and cond!!bns hE�relnfliln�ept
<br /> � •� (oAh,the real property,described ae lollows:
<br /> . �ti I.OT BILiHT�ElI 1181, IN BLOGK THREE 131.IN LAKS DAYIS ACRES SUBDIVISIOIi, NALL
<br /> , � COl1MTY• NEB6ASKA.
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<br /> , .. Topetb8r wlth ell bulldinQe,imp►ovements,tixtures,streets,alleys,passayeways,eaeements,righta,privllefles and appu�te-
<br /> nencee Ixated thereon or in anywlae pertafning thereto,end the renta,issues and profite,revereione and remalnders therqpf,and
<br /> ��;1;'`. •' wah peraonel prpperty thet ia attached to the improvementa so as to conadtute a lixture,Including,but not limited to,heatinp and
<br /> c o o l i n p e q u l p m e n t;a n d t o p ether wfth the homestead or maritel intereats,il en y,which Interests are hereby released and waiv6d;all �i,
<br /> ' 1 ` 01 whfCh,including replacements end additions thereto,is hereby decla�ed to be a part of Ihe real eatete secured by the Ilpn ot this
<br /> . � � Deed ol Truel and all of the/aepofnp beinq re(erred to herein as the"Property".
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<br /> � This Deed of Truet shell aecure(a)the payment of the princfpal sum and Interest ev�donced by a promissory note or aredlt
<br /> �'�i'�'�' � � l�sr 13th 19Q3 S�ntofb�r 1� 2003 ,
<br /> ��reement deted ns,� - ,havinp a maturity date ot � '
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<br /> • . in the oripinal principal amount of S 3�!•�9�•Z6 - ,and any and all modfllcations,extansipn=and renewals ��
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<br /> � , thereOt or theroto and any and oll lufure advances and readvencea to 8orrower (or any of them If more than one)hareunder
<br /> pursuent to one or more promissory notes or credit agreements(hereln celled"Note"►;(b)Ihe payment o1 other sums atlranced by "`
<br /> {�., Lender to protect the securfty of the Note;(c)the pe�tormance of all covenents and agreementa of Trustor set torth he+ein;end(d)all
<br /> , , present and luture indebtedness and oblipatfona ol Borrower(or any of them il more than on�)lo lender whether dlrac�indlrecR
<br /> . absolute or conlingent and whether arising by note,puaranty,overdraR or otherwfse.The Note,this Deed of Trust and iny and all
<br /> other docuent8 ihat BeCUre the Note or otherwise executed in connectlon therewllh,fncluding wflhout Ilmitetlon guarant6e�,securily
<br /> � �i' ,� epreements and as9lpnments ol leases and renla,ahall�e relerred to horefn as the"Loan Instrumenta". �
<br /> !'; Truator covenanta and agreea with Lender as followa: ��
<br /> •�•�:�. • 1. P�yni�M of Ind�bbdmss.All i�debtedness aecured hereby sholl be pefd when due.
<br /> '�t,;•• 2. T N I e.T r u s t o r i s t h e o w n e r o f t h e P r o p e rt y, h as the n ght and authon t y to conve y Ihe Pro perl y,a�d warrants that the lien •
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<br /> . � created hereby is e Iirst and prfor Ifen on the Property, except for I�ens and encumbrances set forth by Trusta in wrltiny and
<br /> dellvered to Lender before executlon of this Deed o}Trust,and the execution and dellvery of Ih�e Deed of Trust does�ot vlolate any
<br /> � �� � � conUact or other obligatlon to whlch Truator is subject. �
<br /> ����:�' � �� 3. Yaxe�,A�s�tun�et�.To pay before delfnquenCy ell taxes,special assessmenta and all other charges apalnst ihe Property �
<br /> �' • • now or hereaher levled. �
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<br /> w�.,. • 4. (n�WSpco.To keep the Propetty inaured epainst damage by hre,hazerde mcluded w�ihfn ihe term"extended cov6rage',and
<br /> J'�; � euCh other hazarda ea lender may requlre,In amounts and with compan�ea acceplable to Lender,naming�ender as an additional
<br /> ''. � � �amed Inaured,wNh loas payeble to the lender.In case o1 loss under such pol�c�ea,tne Lender�s authonzed to adjuat coliect and
<br /> ����:��� � • ` Compromise,all clalms ihereunder and shall have ihe opt�on of applymg all or paA ot the msurnnce proceeds(i)to any Indebtedness
<br /> ` �' 1.'��:.-.�'' seCUred heroby and in auch order as lender mey determinP,(iq to tho Truator to be used lar the repau or reStoraUCn of the Property
<br /> '•��,`�'', ' or pli)for eny other purpose or ob�ect setielactory to Lender wnhout a8ecting the lien ollhls Deed of Truat lor the full amount aecured
<br /> �}' � ' ' � hereby betore auch payment ever took ptace.Any appllcetion of proceeda to fndebtedness ehell not extend ur postpone the due ;
<br /> � ' _ �f�nf�n�ne�manla�Ynrinr 1hp Nt1k1 ff�f:11►fi Af1V[J11IAllI}�I1fifFfllfl[I9f Of 1.ereundar. .
<br /> F��� � S. E�crow.Upon wrltlen demand by Lender,Trustor shall pay ta Lender,in such manner e8 Lender may deaignate,suHicient
<br /> ��-�~ i �`�''" � sums to eneble Lender to a as the become due one or more ol the followfn p►all taxes,aeseesments and other char s a ainst
<br /> 1.. • P Y Y 9� Ge 9
<br /> ��,�':.`;'�: � the Property,(ii)the premluma on the properly Inaurence requlred hereunder,and(ili)the premiums on any mortpaye Insurance
<br /> .r`t,,; , required by Lender.
<br /> ,.,,; 1 • 8. M�InbMnc�,R�pNn and Compll�nc�with L�w�.Trustor shell keep the Properry In flood conditfon and repair:shell
<br /> ���! • �y ' promptly repair, or replace any fmprovement which may be demaged or destroyed:ahall not commit or permit any waete or
<br /> i � . �` , deterloreNon of the Property:ehall not remove,demolish ar substantially alter eny ot the impravements on the Property:shall not
<br /> ; commit,suHer or permit any act to be done in ot upon the Properly In vlolatfon ot any law,ord�nence,or reyulahon:end ahall pay and
<br /> , prompdy dl�charye at Trustor'a cost and expense all liena,encumbrances end cher9es levled,irnpoted or esse�sed apalnst the
<br /> �.�- Propeity or eny part Mereot.
<br /> 7. Emin�nl Dom�ln.Lender Is hareby aseipned all compensatfon,awards,damages and other payments or reUef(herefnaNer
<br /> r ' "Prxeeds'71n connectlon with condemnation or other tekinp of the Property or part thereol,or tor conveyance fn lieu ot condemna-
<br /> l ; � �,,,.w tlon.Lender shall be entitled at its option to commence,appear In end prosecute In Ita own name eny action or proceedinps,and
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<br /> " ehell elw be entitled to make eny compromfse or settlement in connection wlth euch feking or damepe.ln Ihe event eny portlon of
<br /> N�C]N)INaipr.cWwN WM111w tO�M " �
<br /> C uM��aw t«r a e.�.ra rw«ra sw�q.�..x+N�.��e.a.w �
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