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<br /> . D�ED OF
<br /> TRUST WITW FUTURE p►aVANCE� � '^
<br /> � THIS DEED OF TRUST,is medo ns o}the 13th dnY of December ,18 96 . by end amo C`'� .� ,,,,,• �
<br /> �� , _ tu'_1•.^..4.-
<br /> 4 theTru�tor. MTCHAEL W. RF.F1 and DIC.KI L. RFA, HIISBIINT? AND U1TFF; , ,
<br /> � � \�J S4 .. -:;��..
<br /> ,�i.�� --
<br /> ' whose malling eddtess la 934 $�T 3UN3ET dRAND ISL}1ND NS 6880�ereln"Truator,'whether one or more), �
<br /> � tho Truetee, B� OI' DONIPHAN ��;��,
<br /> '..� r �;'• ��__��
<br /> whase meiling addroas is p•O. BOX 270 DQNIPHAN NII 68832 Ihereln "Trustee'1.and �.,���.-_�
<br /> '• :� BANK OF ]DONI?HAN =``,,,`"' LL� —
<br /> the Benoficfary,
<br /> �M��AM�
<br /> PO BOX B DONIPHAN NB 68932 (hereln"Lender°I. �- -
<br /> �, whose maiiing addres�le — _
<br /> ...� � -
<br /> FOR VALUABLE CONSIOERATIQN,Inciuding Lender's extension of credit Ideotifted herein to MICHAEL W_ REA --
<br /> DICKI L. RP.S► �I ' ' �
<br /> � �
<br /> - + (herein"Borrower",whether one or more) and the trust he�eln created,the
<br /> ' recefpt of whlch la hereby ecknowledped.Trustor hereby Irrevocably grents,transfera,conveys and assigns to Trustee,IN TAUST,WITH _
<br /> ��'�`�''%. �. POWE6i OF SALE,for the be�efit and aocurity of Lender, under end aubject to the terms and condittons herelnefter set forth,the reel
<br /> ����•'� property,descdbed es followa:
<br /> ' L,OT 12, BIACK 1, PL�A3ANT VSBW 7TH SUBDIVISION, C3RJiND ISLAND ��
<br /> HALL COUNTY, NFBF2At3KF►•
<br /> �� --
<br /> PROPERTY ADDI�SS: 934 EAST 3UNSET C3RAND ISLAND, N8 68801- '
<br /> Together with atl bufidinga, Improvements,fixtures, streets, aileys, pasaegeways,oasements,righte,privlegen end eppurtenence� a�_
<br /> `�'��l�:• � ` tocated tharoon or in enywise pertaining theroto,end the rents,lssues end profits,roverelons and romainders thereof,end auch penonsi ��
<br /> �"�•� '��" '-' "' praperty thet Is ntteched to tha improvements so as to conatitute e fbcture,Includlnp,but not Itmited to,heatinq and cooling equipment; —___ -
<br /> �:! :".' ':,� and together with the homeateacl or merital Interoste, If any,whfch intere�ts ere hereby released end woived; all of which,includinp =_.__
<br /> �', `"` repiecemente end additlons theroto,is hereby dectered to bo a part of the rael estate seaured by the lien of thb Deed of Truat end ell 04 sannv��
<br />:::';,;�.1,.', -
<br />`�' !�••' ' the forepoinp being referred to heroin as the"Property'. __
<br /> �� This Dead of Trust shetl secure(al the payment of the princiPal sum end Interest evidenced by a promissory note or cred(t
<br /> ��'::, } _
<br />-'; '_:;, Dacember 20,_2�00__ —•
<br /> " tf ..�j, egroement deted Deaember 13, 1996_ ,having e matudty date of -- _
<br /> ;`,i�,�'.�. _�;� `,
<br /> :;ri;,.�t .••.`• '•� �
<br /> in the originnl pr�ncipal emount ot S Z9,076.00 ,and any end ell mod(ficatiana,eMenaiona end renewal�
<br /> " ��'` '', " thereof or theroto and eny end ell future edvances and readvances to Borrower lor eny of them if more then one) hereunder purauent to ___
<br />� ;,«�;.` •; ,, one or more prami�sary notea or credit ngreomants(hemfn called'Note"):Ibl the payment of other suma edvenced by Lender to protoct __�
<br />��.(;�",� tha sacurity ot tho Note;Ic)the performance of alt covenente aRd agreements of Trustor set fonh heroin; and td)al prosent end future _ —
<br /> �r,"+'- indebtednea�end obligetlons of 8orcower(or eny of tham if mora then onn) to Londet whether direct,indirect. absolute ot continpent =---__----
<br /> '� end whether erising by note,flunranty,overdreft or othorwlse.Thc�Notu,this Deed of Trust end any and ail alhor documents that secure C/:,., � ..�.:�- _
<br /> • �, the Note or otherwlse executed In connectimi therewith,Including without Iimltation guerenteos,secu�ity agreements end easignmente ,s;+; T ,.Y4I��,
<br /> • of leases end ronts,shail be referrod to herein as tho"Loan instrumenta". ;��:;T
<br /> �' Trustor covenante end ugraes wfth Lendor as foilowo:
<br /> 1.P�ym�nt ot Ind�btadn�ss.Ail Indebtedness socurod hereby ehull bo peid whon due. ���i��
<br /> ! 2.Tkl�.Truetor Is the otvner of tho Proporty,hes thfl right and nu?hority to convo the Property.and wartante that tho Ilon creatad � �i.�J'�`�.'�.�` ra
<br /> �;:�'�� ,�.;�.�, .:
<br /> v , .��1�r=�.
<br /> � � �, heroby i9 0 ffrst nnd prior lien on the Froperty,exCept for Ilone ond onCUmbrences eet forth by Trustor In writing and dalivered to Lendnr ..��f�••-��»..=�X'#'•.._
<br /> �:`,: �ti�:''•;i'
<br /> -��'�:' ���•! bofore executfan of thlA Deed of Truat. and tho oxecuHon end deiivery of thls Daed of trust does not vialete any contract or other �±�- •
<br /> �� i obliflatlon to whiafi Trustor la sub)ect. • • •• -
<br /> •' � '�� Z � 3.Tax�s,Ass�ssm�r►t�.To pay hetoro delinquency alt texes,speciel assesamonte and e�l other cfiargcts opalnst the Ropetty now or ; :
<br /> � ' - heroafter tovfed.
<br /> :•.
<br /> :; :
<br /> ,. , 4.lnsunnc�. To koep tho Property Insurcd ngalnst damage by fire,hazerd3, includod within the term'extended coverega', end r .
<br /> -------- -- �,.-�-_ . . . . .__ ._ ___.....��..a...t•r.......,..nninn o��p�rnhtn to Lender.nemina Lender ea nn edditionai nemed �i�;_ ��.!
<br /> ._.___- .:. .-�---...
<br /> 6uCh OtttCt ttezerae ee�enuar mey raywro,���o���.......o...... ......__...�_..----.., -- °
<br /> .= ----
<br /> Insu�od,�'vith loss payeblo to tlie Lendor.In cnso of loa�undar such policlos,tho Londa�is authoritod to ndjust, col!nct ond compromise, � ;.
<br /> ell clalma thereunder and sholl hovo tho option ot applying oll or pert of tho insurenco proceads(il ta eny indobtednoss secured heroby
<br /> " and in such ordor as Londor mey determine,liU to tho T�ustor to bo used for tho repafr or rostoratlon of the Roperty or lilq tor any other �
<br /> purpose or object eatisfactory to Lendor without offectiny�tho linn of this Deed ot Trust for tho full amount sacurad horoby baforo ouch
<br /> peyment ever took place.Any aFP►icntion ot procneds to Indobtednoss shell not oxtond ar postpono the duo date of any poyme�te under
<br /> the Note,or curo e�y dafeuit thereundor or hereundor. •
<br /> 6.Eacrow.Upon wntton domand by Lundr,r,Trustor dhntl puy tu Londar,in such mannor us Londer maydcssipnnte,sufticfont eums
<br /> ' to enahle Lender to pny es thoy bocome dua ono or moro of tho foltowing: (i) all taxes, ossossmtsnta u�d othcr chargcs�epafnst the
<br /> Property, (il)tho promiuma on 4he proporty Insuronco raqulred horounder,and(liil tho prQmiums on any mortgngo Insurnnce requlrod by
<br /> Londer.
<br /> 6. M�nt�rt�ncs.R�prn and CompNenc�wtth I.�w�.Trustor ehnit koop tho Proporty fn good condition er�d r�pelr; shell promptiy
<br /> repeir,or replace eny Improvomont whlch may be damaged or dostroyal;shell not commit or pormit any waste or dato�iornilon of the
<br /> ,. " Property:shnll not remove,dcmolish or cubstentlally atter any of the Improvemonte on tho Proporty;she11 not commit,suffer or permit
<br /> �� ony ect to be done In or upon tho Proporty fn vfoletion of ony lo�v,ordinanco, or regulation; nnd ohail pay ond promptty dischergo at
<br /> 7ruator'n cost ond oxponso oil Iions,eneumbrancos and eharges Ioviad, imposod or assossod apolnst tha Property or any part thnreaf.
<br /> 1 NI1C3467A INonepncNtural Da�d!��ev.BN6 • _
<br /> 19,.9�:�:o�L':6:ntr of Commuco Tn+ ^��4"� „•e••. •"^^'^'^'n.NrN••�� �_. ____. ..
<br />' __�_._..._ _ "__1 . ..
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