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<br /> ,,. � DEED OF TRUST WITH FUTURE ADVANCES � " -
<br /> .,—.
<br /> o�. .19 9 7 .by and among . • - .�. :,;' '
<br /> :' (v THiS DEED OF TRUST,is made as of the 19 t h day of t4 a r c h _ • ���
<br /> � :.�-M=±.�'�.;--
<br /> :a.�.
<br /> ' theTrustor, Thnmas F Ba6al and KoannP P Bahel � h ��hand and wi fP —� • . F,��
<br /> N E �here8 n'3Trusrof.v�rt►ett�er one or more), � �r� ���
<br /> ' whosemaitingaddressis 5 0 8 W. O 1 d M i 1 i t ar y Rd, Wood Ri ver, ,' ` �" -
<br /> :��� �,
<br /> . , the Trustee
<br /> Cor t'o . �;�- '< ��
<br />' .:
<br /> ° whose maiiing address is P. 0. B o x 15 0 7 G r a n d I s 1 a n d N E 6 8 S 0 2 (herein'7rustee�,and ; " s..�;_�,"_�._
<br /> . '��'a�;.�
<br /> � the Benefiaary, ---- ��`���-
<br /> �� whose maiiing address is P• 0. B o x 15 0 7 G r a n d I 51 a n d, N E 6 8 8 0 2 (herein'Lender). ��'_—'"
<br /> F 4ahP1 , �--
<br /> � FOR VALUABLE CONSlOERATION,induding Lendefs extension of credit idenUtied herein to T h omas — —
<br /> :..:. . • . _,..
<br /> (herein'Borrower;whether one or more)and the Vust herein created,the receipt _ _ �-r`.�••:.
<br /> of which is hereby adcnowtedged.Trustor hereby irrevopbty grants,transfers.convays and assigns to 7rustee. IN TRUST. WITH �. : - s : _ .
<br />,' '` POWER OF SALE,for the benefit and sean:ty of Lender,under and subject tn the tertns and conditions hereinafter set tortl�.the real ;S v_.; � :� —_
<br /> � property described as foltows: �•
<br /> � Lot Five (5) , in Riverine subdivision, and Addition to the City �,;. �'y;`
<br /> of Wood River, Hall County, Nebraska � _
<br /> firileges and appurtenances „ . "� —
<br /> Together with all buildings,improvements,fixtures.streets,alleys,passa9ewaYs.easements,righb,p , . �L � •
<br /> - loqted thereon or In anywise pertaining ffiereto,and the rents,issues and profits,raversions and remainders thereof,and such per- ,�,,.;. • , �,' �i,-., T
<br /> sonai property that is attached to the fmprovements so as to constitute a fixture,including,but not limited to,heating and cooling equip- . .,.
<br /> '..; ..._
<br /> men�and togeiher wtth tha homestead or marital interests,if any,which interests are hereby released snd waived;ati of whicfi,indud- t,�_F •
<br /> ing replacements and addiUons thereto,is hereby declared to be a paR of the real estate secured by the Iisn of this Deed of Trust and _,_
<br /> ' � ali of the toregotng being referred to herein as the'Property'. . . �p�" � .
<br /> Th9s Oeed of Tnist shall secure(a)the payment oi the pAncipal sum and tnterest evfdenced by a promissory note or aedit agree- ,._�_�y;_,�,�
<br /> ment dated M a r cl�1 t1, 1 g.,�7 _. ,having a maturiry dats of M a r h l 9� 7 R 0 3 . �• _:.�� __
<br /> . and an and all mod1ficaUons. extensions and renewats �%��.��7�"�""''���-:°
<br /> (n the originaf pdncipal amount of$ 203 616 84 Y - ,: ,;�_•`,
<br /> thereoi or thereto and any and all future advances and readvances to Borrower(or any oi them if more than one)hereunder pursuant : ���T,_. �y
<br /> . to one or more promissory notes or credit agreaments(hercain calied'Note�:(b�the payment of other surr�s advanced by Lender to ,. •,�
<br /> , protect the secudty oi the Note;(c)the performance of all covenants and agreemenis of Trustor se!forth herein;and(d)all present and ' , ��
<br /> future indebtedness and obligativns oi Borrower(or any of them if more than one)to Lender whethev direct.indirect,absolute or conUn- , y,� . :�
<br /> • gont and whether arising by note,guaranty,overdraft or otherwise.The Note,thts Deed of Trust and any and all other documents that ,�;�_: _�__ —
<br /> St�i:.4
<br /> • secure the Note or othenivise executed in connectlon therewith, including wlthout tlmitatlon guarantees, secu�ty egreements and = __
<br /> � � assignments oi teases and rents,shall be referred ro herein as the'Loan tnstruments'. � �,,��,,.
<br /> . Trustor covenants and agrees witt�Lender as folfows: �" :�•-� .`
<br /> 1. Payment of Indebiedness.All indebtedness seCUred hereby shail be pald when due. - __T
<br /> 2. Titte.Trustor Is the ovmer oi the Property,has the right and authority to convey the Property,and warrants that the i:en creat- •�r.�"�;�;£: _
<br /> �� •�: � ed hereby is a first and prior Ilen on the Property,exc$pt ior liens and encumbrances set torth by Trustor in wriUng and detivered to �.`�ML; �..
<br /> • ' Lender betore execuUon oi this Deed of Trust,and the execuUon and deiivery of this Deed oi Trust does not vtolate any contract or «�;.*;�•.•--� _
<br /> other obiigaUon to which Trustor is subJect. '�` �'.' ,.
<br /> 3.Taxes,Assessments.To pay before detinquency ali taxes,special assessments and all other charges against tho Property . . .
<br /> . now or hereafter levied. ` ' : "
<br /> 4.Irtsurance.To keap the Property tnsured against damage by fire,hazards inGuded within the tertn'exte�ded coverage',and
<br /> " such other hazards as Lender may requlre,in amounts an�witb companies acceptable to Lender,naming Lender as an additiona) �_
<br /> ,. named insured,with loss payable to the Lender. In case oT toss undin at o p�aiR o!the insurance proa�eds(i)tt eny indebtedness �. � � �
<br /> compromise,all Gaims thereunder and shap hava the opUon ai appty g P ,.�y, r.,__,,, _ �_,..
<br /> � secured hereby and in such order as Lender may determine,{ii)to the Trustor to ba used t�r the repair or restoraUon oi the Property or .
<br /> (iii)for any other purpose or object saUstactory to Lender without aNecting the Ilen of this Deed oi Trust tor the full amount secured
<br /> t hereby before such payment ever took piace.Any appticaUons ot proceeds to Indebtedness shail not extend or postpone the due date
<br /> oi any payments under the Note,or cure any defauit riiereunder or hereunder. �'.
<br /> 5.Esuow.Upon vlritten demand by Lender.Trustor shall pay to Lendar,in such manner as Lenda may designate, sutflcient —
<br /> sums to enabte Lender to pay as they become du nsurance quired hereunider.aind'(i) the premiumsn naany mortgaga en ugranee • . �
<br /> the Property. (li)the premiums on the property ,
<br /> ' tequired by Lender. �� ppd �pndition and repair;shal� .
<br /> 6. Malntenaneo, Ropalrs and Compllance w(th Laws.Trustor shall keep the Property ' g --
<br /> prompUy repair,or replace any improvement which may be damaged or destroyed:shall not commit or pp�any waste ot deteriora- .
<br /> don oi the Propertyr;shall not remova,demolish or substanUaUy alter any o1 the improvements on the Pro e shall not commit,suNer
<br /> ' or pertnit any act to be done in ot upan the Property in violation oi any law,ordinance.or regulation;and shall pay and promptty dis- . --
<br /> charge at Trustor's cost and expense aIl liens,encumbrances and charges levied,imposed or accessed against the Property or any . �
<br /> part thereof. . �
<br /> - --- 7.Emine��t i3ortialr�. LEr.cicr i:hereh�asslgned a���nmponsation.awards. damaqes and other payments or reliet(hereinafter _ _ _ _ _ _
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