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<br /> Q nFF.I�OF' T$�," �
<br /> THIS DEED OF TkUST ic� rnade this � day of �
<br />_ 1997 by and among GRAND ISLAND FAt".TLY CHURCH, INC. , a raeka C',��
<br /> ���
<br /> ilor,profit corporatien, herQin referred to ae "Trustor", whoae G
<br /> mailing addreas ie 2304 Macron, Grand Taland, Hall County,
<br /> Nebraska 688Q3� JUHN M. CUNNINGHAM„ Attorney-at-Law, hereinafter
<br /> referred to as "Truetee", whose mailing address xr� 22 2 North ----
<br /> Cedar, P.O. Box 2280, Grand Island, Ha11 County, Nebraeka 68802;
<br /> and aARY P. ROWE, LELAND L. 9TEFFEN and �AVID N. ELLINCiTON, as
<br /> tenant� in comman, hereina�ter referred tea ae "Beneficiar�r",
<br /> - whoee ma3.ling addr.eea ie 222 North Cedar, P.O. Box 2280, Grand
<br /> Iel.and, Ha1L County, Nebraska 68802.
<br /> For valuable coneideration, Truetor irrevocably gr.ante,
<br /> tranef�rs, c�nveys and aeaigns to Trustee, in trust, with power
<br /> of sal.e, for the bpnef3.t and eecurity of Beneficiary, under and
<br /> sub-iect ta the terms and conditione o� thie Deed of Truat, the
<br /> Truator�s intereat in �ne roi�.owing-de�cribau px�r�r�� �=��*'°'� �n
<br /> Hall County, Nebraska, to-vyit: -
<br /> Lot One (1) , Baptist Temple subdivieion, to �h�
<br /> � City of Grand Island, Hall County, Nebraska, �
<br /> together witih all buildings, improvementa, fi.xturea and appuree-
<br /> nanc.es loca�ed thereon or in any way pertai.nin.g thereto, and the
<br /> rente, iseues, profite, xeversiong and the remainder� thercof,
<br /> including al.l such peraonal property that is attached to the im-
<br /> provements s� as to constitute a fixture� all of which, including
<br /> replacementa and additions ther�to, ara hereby decla�ed to be a
<br /> part of �he rea� estate conveyed in trust hereby, it. being agxeed
<br /> that all of the foreqoing ahall be hereirlafter referred to ae the
<br /> '�Proper�y�".
<br /> FOR THE PURPOSE OF SECURINa:
<br /> ' (a) the payment of indebt�dness evidenced by Trus�tor'e nota
<br /> of even c�a�e herewith in t he principal sum of NINETY-ONE THOUSANA
<br /> � �ORTY-SIX AND 71/100 DOLLARS ($91, 046.71) � together wi�h intex�ee�
<br /> at the rate provi.ded rherein, ancl any and all rexaewals, modifica�
<br /> tiona and extensiona vf euch note, both principal and �.ntereet vn
<br /> �he note being payab7.e 3.n accordax�ce w�.�h the terine eet £orth
<br /> — therein, which by thie ref erence ie hereby made a par� hereof;
<br /> (b) tlie perforn�ance of each agreement and covenant of
<br /> Truetor herein contained; and
<br /> — (el the paycnent of any sum or eums of money wtii�h 7ctaY be
<br /> hereafter paid o� advanced by Beneficiaxy under the testn� o£ thie
<br /> Deed o£ Truet, together with interesC thereon at thA rat� pro-
<br /> �
<br /> vided in the �note.
<br /> — , _ _� _r m......« m..�„ot-nr
<br />- TO protect tA6 eecura.iy vz �iiin uccu v,. +,...o..� --�----
<br /> hereby c:ovenants and agrees as follows: •
<br /> :� 1. E�vment of indebtednees. '�o pay when due , the princi�-
<br /> '�� pal of, and the interest on, the indebtednees evidenced by the
<br /> ,=.� not�, charges, f�es and all other eume ae provided in the loan
<br />-_.� inazrumenta.
<br />.`_�
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<br /> _�
<br /> '�.
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