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Lots Five (5) and Twelve (121 in Garland Place Addition to the
<br />City of Grand Island, and being a art of the Northwest QQuuarter of
<br />the Southeast Quarter (NW}SE *) of Section Twenty -Three (Z3 ,
<br />Township Eleven (11) North, Range Ten (10), West of the 6t� P.M.,
<br />Hall Count Nebraska, Nebraska, and such tract being at the Western present
<br />terminus of Stauss Road and containing approximately ten (10)
<br />acres, more or less.
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments
<br />interests in adjoining roads, streets and alleys, improvements and buRdings
<br />of an kind situated thereon and all personal property that may be or
<br />hereafter become an integral part of such buildings and improvements.
<br />The pro erty and the entire estate and interest conveyed to the Trustee
<br />are referred �o collectively as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $18,181.00,
<br />with interest thereon, as evidenced by the certain Promissory Note of even
<br />date (the "Note ") with a maturitg date of December 31, 2007, executed by
<br />Trustor, which has been delivered and is payable to the order of Beneficiary,
<br />and which by this reference is hereby made a part hereof, and any and all
<br />modifications, extensions and renewals thereof, and,
<br />b. Payment of all sums advanced by Beneficiary to rotect the Trust
<br />Estate, with interest thereon at the rate of 10.03 percent per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence
<br />or further secure the ?ayment and performance of an obligation secured hereby
<br />are referred to collet ively as t.a "Loan Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall payy when due the principal
<br />of, and th!7-1Ftores on, a Indebtedness evidenced gag Note, charges, fees
<br />and all other sums as provided in the Loan Instruments.
<br />2. CAMIS. Trustor shall pay each installment of all taxes and special
<br />assnssmcant:;c "W� >.'veryy kind, now or hereafter levied against the Trust Estate or
<br />any par !�;� "�i', before delinquency without notice or demand, and shall
<br />provide: I3 � "i ::!_ic:i -a..rY with evidence of the payment of same. Trustor shall pay
<br />all taxes and ,;.l;s:;�z;;;,ccants which may be levied upon Beneficiary's interest
<br />her�.ziin or upon t:h "is L)eed of Trust or the debt secured hereby, without regard
<br />to rnny law that: may be enacted imposing payment of the whole or any part
<br />thereof upon the Beneficiary.
<br />3. INSURMICE AND REPAIRS. Trustor shall provide and pay the premiums
<br />on comprehensive liability insurance covering the premises and protecting the
<br />Beneficiary and Trustor from all claims, demands, lawsuits, and judgments
<br />arising out of injury to persons or damage to property occurring n the
<br />property. The coverage shall be in an amount of not less than 1300,000 single
<br />limit for bodily injury and propert damage. The liability insurance and
<br />casualty insurance may be procured In a single policy or may be obtained in
<br />separate policies. In any event, such policy or policies shall name
<br />Beneficiary and Trustor as insureds as their interests may appear and
<br />Beneficiary shall be provided with a Certificate of Insurance or duplicate
<br />copy showing the insurance to be i
<br />the term of this Deed of Trust. n full force and effect at all times during
<br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall apppear in and contest
<br />any action or procee ng ppurpor ng o a feet the security F�ereof or the
<br />rights or powers of Beneficiary or Trustee, and shall pay all costs and
<br />e enses, including cost of evidence of title and attorney's Ease, in an such
<br />action or proceeding in which Beneficiary or Trustee may appear. Should
<br />any
<br />Trustor fail to make any payment or to do any act as and in the manner
<br />provided in an of the Loan Instruments, Beneficiary and /or Trustee, each in
<br />its own discretion, without obligation, may make or do the same in such .manner
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