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<br /> TON�,DEEO OF TRUST!t mad�thi�_2)1�.day ol � 1A ,by and bslx�sn REED . s `Y' . , :..�'''' A'�.
<br /> • �t ATebrask� Cor �i•axion � "'`"`'°�-
<br /> . whetAer ort�a*mo+e�(berarnafmr calbd the"ius0:�. \ ••'_--=
<br /> �� � who�malRngeddn+ssls �'•0. Box 1015. Grand Is and, NE �
<br /> ' " NOfIWEST8AAIK NEB 9i(A NATIONAL ASSOCIATIQN y���
<br /> (hereln�hl Ca/rJ Ns"kuslw"), mUiny addssa fs '�5,.�`u��'_-_-
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<br /> ' '� 202 4l�e�t 'Ihi.rd SCxaex. Gran I � NEBRASKA� NATIONAL ASSOCTAT� ` �'`
<br /> . NORW(i,raT faANK .(hMin�Ae► �,:�f .{:�, __
<br /> � '.� caAr►ntN+�"�eneNclsry`),�vhar.�,mniYnpnddressla �QZ�_�Iest�'��i1rd Street. Gr.and Island. NE 68801 . �};� _ _ _ ,__
<br /> ' : � W117dESSE1H: r�
<br /> ,_ 1 IF 1HIS QQX/S CHECI(F.O��TH/30EE0 OF TRUSTCONST/TU�A CXN4t5fAUC11UN SEClIR11Y 11QREEMENT UNDER THE NEB/iASIGI }� �:�f:�` :i,�...
<br /> CONSTRU�TION!JE!/l�CT ANO CREATC3 ORAN15 ANO CANSTITUTE5 A CONSTRUCTlON SECURIIY INTERESf!N lHE PROPERIY • ���=�
<br /> OESCRlBED 11ER�111DELON. ���,
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<br /> �• � � � WHEAE/1S gustrsls lndsbfaA to penvtlGery!n�he princp�l aum ot STs'I�NTY THOUSAND AND NO/100-------------------__ �`�<';�='°' ' `-
<br /> ' �.'��' ��f� 70.000.QO�,�v��lch lndeb�edr�ess Is ev(de�cedby Tn�,tor'rt r�swY ra�dWed April 2 ,te 97 .(Aenbial�►
<br /> ��; i « October 10 1997 , ��
<br /> , � cM�d IM Nbb'7./uynble lo tf►e orc/e►ol 8er;aNclary and AavJng o me(urNy d , •,'•�%, ��
<br /> ��,•{ AfON(THEREFOR$lo�t69 p�rrp0se d becurinp:
<br /> ' . � (o)p�yrnwM d fhs Nak;lonnU�nr wllh filerast thereon.!ab eharpo��mp�ymerM penaNles�arry Mture advnr�co;uW d exter►s/on;mod'ficadon� :,� �
<br /> • : „ ',,.��•; aubsftfuHons erxl►Nnewalo Ihorool, _ �+;
<br /> ,:,; ; (b)p�yrnerM d a�oU►er sumA►oeII o�cher�es,togefhei w;tA Jnlerost tlmrnon,adlrar►ced b proled the securHy d thts Oeed of Tiusf and fAe perkrmar�ce
<br /> _ d the oornnants end npmements d Ttusro�wl�ether a not sat forth lm+a►n.
<br /> -- �;-' _ (c)perlbmwice�6xharQn af nnd compYonce wlth trEVy krm,cwennnr,obAgatlon u�d s�eemer►t d 11usNor cartiahed heieln o►bwaporsbd tr; { • ;
<br /> '� rebrencs or ary dhw socunty lnsftiment at aryflme ghff.vt ro car.uro rAe lJok�and -
<br /> • '� �• "� (cq the repymeM d nll olhor:wms a hdura edvancas�wlth Inlerest(Iromon,whNxi mey hertNO+bre ha+s been or txireaAer me advoncnd Dy Bs�eRNary b �
<br /> ' Fuspr or liustal+succesemr ln/ntnmst a tlN$ f i �
<br /> . aN d w1Ych b hers�tNPer aa5bctively caEfed fhp"AndbDled»»;Tn�st»r Imn+acably praMS and transhxs b 1FusMe�h trust�Yllll P01N�c�GY�SAl.�tl� SP
<br /> . • ' �bf7owf�DdesaibedArqoa►M �
<br /> .� '�,�. Lot EighCeen (10). Jeffrey Oaks Third 5ubdi•�rision, in the City of Grand Island. Hall1
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<br /> , �, � ,`�;�: County� Nebraslca.
<br /> . :, .�'i It�g�tliar whh(�d bulYAing�atn�cturaA oddNons,enA3rgerrx�t�modlllr.nUOns,repaF�reptacemeM�and frnpro�ernerN�now a heioafix►ocafsd Nxsm, �'
<br /> �r;:.;ti . (.iJ tl�qu�n�rk maclnY�ery nnd!lxlums(1ncNxing. wr�nwx rmuanon.m►rk�►ur�y,neauny.►�oMxartn�,coorrx�,ar cor,a�uon�rg,sn�and a�,rn�rny �.
<br /> .'� lixtute;Weter and pavor s�3foma,onglnes�boAlera ranges�oren�dlsinvnsher�m:rroes arM mantefs cerpe[Ir�g.fu�nace;op b�xners elevalora artd ����
<br /> � ;+'��. . '•� �jora M sys qifi�ne+M.atio►m and scrcen wkbb►s�dbo►s�ewnYgs �
<br /> r moloi�refr Usn anta or unM�communlcatlon tem�tynamo�unnsfom�erst eketrka!o and i_
<br /> shndesJ nav a hcYe►Nter nitaa/ied to,or buld fn,ary bult�ing Improvr►u�ont a knpraemerN now a hereaRer bcal�d thcveon,(!RJ aN easemerws and rk�M�N __
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<br /> . . ' � � Kay apprrRmnnt fAQm►a (NJ Ml leasahold ostata rk�ht,tifk�and lnterost of Trusto�M and to aN ktaso�whefher nav a herealter exlsllm�a erMered fnlo
<br />_ , , (Inclu�r�,wlthout IFmltaUa�,nY cASh and securiry depos!!�aWanco ronfnfs end deposfts a payments d e s/mFa�nofure),perlainirt�lhere0o�(v)a�� � �
<br /> , Issu,�pralirs and tv,comn rnnrdmm(sut,+oa ro rho rlgnr or nusror ro co��r:et md eppy aucn ronr;Isstw;potas and hicome as eho�d�eoome d,e aod -
<br />:'. '• � paya6fe so ka►g as no aront cd drrfault ox/afs��o�aundoq.hq efl royaltlos mherel,oif end gas rkJM�end pditst wakr waler rights,and werer albd6(vii)r `
<br />'� " �� InrtemarH�,AemdUw�ent$ptivHeQes and sppurien�ncas bebng/ng,usnd a eyvyed h connoclion therewifh,and(vlr)ollpracoetb d Corketslon,vonmTry
<br />� �.,�"'� �� erAevoBxKary,�6 ruy d tba lo -
<br /> _ , uy ropohp Into cnsh or Ifqukla(ied clarms(lnclu�yng,wNlwuf NmltaGbn,pmceeua W k►suranca and condemnatbn awxrh�eD�cf
<br /> � � • wtilch ls herekiaf0ar coPecfht�fy anibd fhe"Itust PropeAy. - -���- --
<br /> - TU P1iWECf TNE SECURIIY OF A1I3 DEED OF TAUS1,TIiUS1f7R COVENANIS AIYD I{GREES AS FOLLOUYS:
<br />`,.�, 1. TiUa Auskx caenanf&�varrnnts and agrees wRh Beneficlar�S its successas and asslgr�Mat Rus1a owns the Trusf Properry hee hom any pia tien -.�,�,,,��.
<br /> � " � a encurt�txancq Ihat th)s Daed o!1)usf 1�ond w/D remaln n vol/d m��ertfor�eaDte/'irst Gon on Uro Trust Pro/xyty,lhat firstos et Rs e�C+rsR wi�i "'^ ------ -----
<br /> ' �;�.�',:'�0. presene sach Utb and wiI mnlnfaln Ihls Deed d Trust as a/!rst and paremount fion upon the Rusf Avparty end wIM lorewr►vaaant and dckrxl Nx► =----- _
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<br /> '����;•'';I� vedairy antl pd�wily d Ihe llen herad aDnfns!the clelms d all parsons and partias whomsoewe+.TrustaR at ks expens0.wfN cause thls Qeed d Rus� �—— _—
<br />_ ,;, . mfd ench amendmont ar supphmont heretq to bo liJed and�ocordad as a martgago d fhe Tiust PrapMy!n such manne�and in such place and wi �C
<br /> fafm auCh acNon as!n fha qpinbn W Austoe mrry be,rtqulntd Iry a�y present a future!aw 1n order to perfec;maMtaln and protnct the ien d tMs Oioed �,�.
<br /> �� ' d liusf,aa fM semo ma}��.�a amendad or suppkmcyited from lime ro tlme. Trusta w1I make such fu�hor assordnce a assurr�ncns b penc�t N9!kb b ;��. , �,�..�
<br />_ . fhe Tiust A3oyerty ea mey�v ruqulmd by Benelidary, itusfor liarahy rclinquishes eM dght d Gaticr and homestond ln end b the ll�t Pro�xrlys --:;'��-�. . . :
<br /> � a. m c�r„dearc�r�o�. n�sra anAn Undua! tho ,inc!�nl d and 6nto�os�on the 1ndeDtadhoss secumfl Ac �t`*����� ��-
<br /> �N�► P NPfi' P I �y . '=Y►��• :.C;��;"t::,..
<br /> ' 3 ConsWCrio�a d/rr�prawmnnt&Ilvsror ahaY compfMe M poad ur���+vrkmanliAo m.anner ery truildngs,lmprovnrnents a�apaks nlaUny thArato�ich � ,, �'% .�.:•r��; �
<br />� ' �� mey be begun on fhn Auat Pruperry or contamplated by tho losn ev/denced by fhe Nots socumd hereby; to pay when due aA costs artd F�biities ,
<br /> - lrtas�ed rhererbie,and nn.tn pannlf terry conswc(Ion lian cga!�at such Rust Properry.M Ute e�nt consbucilon d btnidingst knpruementa or tepeir� � ,, �
<br /> am�ontemplaMd,livaro�r�lso ar�ruo�anyfhing!n thJS Deed of Tn,st fo fho contrdry nolwf�hstandng;(�[o pro+rpUy oommenco�ny s+x:h wa�ic and b . , '
<br /> „ ' oomplero Mo proposod lr�avromnnta promPHy,(b)to compleEa iho sumo ln accordancu wlfh the plans end a/teraYicaUOns as ap�arored by Benefit�aqt '
<br /> (cJ b com,p7y wlfh all th8 tomrs of a btillding laan agree+n[tnt,il nry,boMttttn Trusta nnd Beneficla�;ihe R�rms a1 evhkh are Y�corpaated horeh Dy ,
<br /> ' mfe�aca e�nd made a ptut hNmol,(dJ fo afbw Benelicfary lo In�peci the Bust Pro�x�rty at all timos dYxang cauTractran,c+nd(e)to replat�ary wak a .
<br /> - materfafs unsatls/acta+y to Boneficlary withln liltoon(1�)dt+ys�lt�r wiltton rtotk;e from BcmMidary d auch EaA. : .�
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<br /> � Fuads Ibr PaymMnt a1 Ch[ugas.Sut�act b opplicabiv/aw or tu�a wdtten walver by Beneficlary;rusfa shall pay Io Benefidary on the frst day d eac;A
<br /> '._ . � .-_ m�irrtri.w awi�ui�ar ciain vtrur rnwrii�a�nruy uv spt,�c.an,ti yr i�r.rrcin.imr arrin"a�v artieawoa+�c�.i:.i f�:.:.iu;.,a oi.���j•`.o�o:�m:ua.`ov am r�.w� - .__�.- -----._.-- .....
<br /> ' � eGnul[u t/12th of 1ho yuiuly tottts and assossments whlch mup attaln prlairy wior(hls Dced ot�ist and g�wxidmnfs on the Tiusf Prop¢rfy,N ary,pUs
<br /> _ 1/12th c!tlro yQary p:om�nm insmumenls fa harard lnsuroncu,plus 1/I21h d fho yoarfy pmmlum instaNmcnls/a mortgayo Msurarca tf ary,al as ' ,
<br /> rua�naCy est(matadlnNlall�end Irom flme fo Ume by Bcnollcluiy on the baslz d�SSassmonta end Dlqs andreasonable estknatoe tl�ereol.lhe FumY
<br /> ahafl L•e hokl ln an lnstltulhn,tha deposlfs a accounta d�vhlcli aie lnsumd a puaranleed Cy e�dnr�l or ah�l�e epency h�cw[ing Benel'�alarye "
<br /> � BurtellGnry shnlf oppfy�he Funds fo pry snld Mxos,assossmnnts,lnsumnco prum(ums and gm�x�d rents 6enelidary ShaN rxu bo roqedned tv pay
<br /> Austa�nny lnforest o�ouminpa on 1ho Funds Bmiclklary shufl phn ro Dusto�wlthouf chmge�an ennua/acca!nt'ng d fhn Funds showk�p Credis And
<br /> r Ca8110 to tho Funds and the pu�poso la whtch vaCh debil(o UiW funds w�s mas/u Tho Funds a�o pk�rlpvd as additlonsl secuury lor fhe fndebtednes�
<br /> � sacumd by n77s Oaed d 1}uat!l tho am�imt o7 tho Funds hulU dy Bonef�cLv}S togetha with Ure luture monlAy MstaMmeMS d Funds p�a41e prio�[o
<br /> tlie duo datos d laxvst assessmont&Msumnco prurnfoms ru�d pra�nd mnt�ahab ex�ccod ths amount m�ulmd M pay satd taxe�assessmeM� ,
<br /> Ilrtaurartce promlums end pround ronis as(hay lad dua,sucl�wxoss shaM bq et AustoYs optloq eithcv prampt y rcpaM ro puslior a c+eai(ed!io 7tusta �
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