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<br /> �1 DEED OF TRUS9T
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<br /> 7`NIS 1)E 1)uN'TkU;3 iM ado uf_____.. __ day of rsC.. 19 bY
<br /> �.._.._ �r e a o r v � . �.v t�e a n d �0 6i ri L'.. L y�I e��Fl ..8 W �"'�ru.stor"�,wt+�.m.��in��dar+..t, _
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<br /> 423 Ee�t��t�i�� +ren��fand�E. 68801�,_.,_��.�._laL�'Lo�1.fl.9er
<br /> l"Crwtee")�whcxk muitinKACklrencc iv._.�l1��LOL�l1_Wd111U�......�ir.fl[ld�l9[ld�kl� �8A0� . -
<br /> and_�.�.�.��s...._sZ.2rL�l£Q_►! _____l'Bene6ciary")
<br /> whuse mu�i�Mg addreex ie��� S O V i(1 e G�L1S�_ZS.�.H.[lS�-�--�.�.-.���--._— —
<br /> f`OR VALUAALF.CONS1DEfiAT10N,7'n.LStor irrovocably tranefore,rnnvoye and assigns tA`lYUa2ee,tiv�'itJSi,�iii -
<br /> POWER OF SALE,for the benefit und s�curity c+[&n+efictary,wicler and subject to tl�e terms atKl conditione of thie Deetl o[Tru�t,
<br /> the real property laated in the City of _.�1..x'8 n� I S 18 f1 d N e b r a s k e . , County of
<br /> ____ji�,]1 _�,Stste of Nebravlw,xnd legaLly describMi as followe(the"Property"):
<br /> �.ot �89 Suenavista Subdivision to the City of Grand Island� Nebraska
<br /> T04h'THER WtTH,ali rents,cuetemente,appuxtennnas,hereditaments,intereete in adjotning road�,atrcefe and apey�,
<br /> impravemanin en�i��uik4�i,ga ui uI'i;j waA'�.:::».Z�wL»�2°Y^-"n gp�i..�I�,.�►annnl nrooerty that m�v be or hereatter become an inte{�ral
<br /> part of euch buildings nnd improvements,all crop.s ruiaed thereon,und all water rights.
<br /> 'Phe Property and the entire eatnte and interest conveyed to the Truatee ere mferred to collectively ae the"Tcust Eat�te"•
<br /> FUR THE PURPUSE QF SECURING:
<br /> a.Payment of indebtness in the totc�l principal amount of 3 42.0 p p_00 with inter2s�U1 reon,ae evidenced by thnt
<br /> certuin promidsory note of even date(the"Note")with n maturity date of M e Y 1 , � .,
<br /> ezecuted by Truetor,wt►ich hea b��en delivered t+nd is payable to tho ordcr of Beneficiary,and wYiieh by this reference ie hereby�
<br /> .; made a pe.rt hereof,and eny and all pii�dificaGUU�,extenaionx and renewals thereof,and
<br /> h, �vmont nf wll aume ndvrincCd by 13enefidnry to protect the Tn�st Eetate,with interest there.�a at the rate of
<br /> � �flll�._.�Peerce�i ( 1.Q.._`X�)per nnnum,antl' �
<br /> ` c.'1'he pe�rfor►n.�►nree c+£Trustor'a covenants and agreements. ent dnd
<br /> : Thie Deed of'Fruet, ttxe Nute, und an other inatrumant given to evidence or tUrther aecun the paym
<br /> � performance of any cJ�llgntion secured hereby are referred to colleCtively us the"Lonn Inatrumenta".
<br /> TO PROTECT THE SBCURI'I`1'OF 9'HI3 DBE D OF TRUST.
<br /> 1 I, PAYMENT OF INUEAT�DNG:S3•'ltivHtor sball pay whon duc the priincipal�of,and the intcrest on,tl:e indobtednees
<br /> - evidenoed by the Note,chargea,feea nnd all other sume ae providec3 in the Loan Instruments.
<br /> `� 2. TA}CES AND ASSESSMENTS.'IYustor ehall pay ail tnxea nnd epecial aseeaements otevery kind,no�+or hereetfter levied
<br /> . againbt Che truet estate or any pui!theceof ne followa: •
<br /> , (initial one)
<br /> . �_Truator ahall directly p�Y euch taxes, without notice or demand ne each inetullment comee due nnd ehell
<br /> provide the beneficiary with evidence af the payment of tho eame.
<br /> � X T�tietor ehall pay to beneficiary one-twelRh of the renl eutate taxea each month and 6UCI1 other easeee�nent+i
<br /> ae they become due.The one-twelRh peyment shall be aJjueted onnually ae the tnxes chsnge and trustor agreca that
<br /> after payment of tho trucea each year that nny deficiency will be promptly paid to Baneficiury. Heneficiery agroee
<br /> to pmvide trustor with receipts ehowing that the resl eytate taxes hsve been paid in full and when due.
<br /> 3. INSURANCE AND RC�'AIRS.Truator ehall maintain fire and extended rnverage inaurance insuring the improvementa
<br /> and buildinge rnnxtituting pivt of tho Trust F.stute for an amount no leas than the umount of the unpaid principal balance otthe
<br /> Note(�ro-insurance not exceeding 60%,permitted).Such inaurt�nce policy ehall oontuin a etnndard mortgage clawe in favor oC
<br /> Beneficiary s+ud shall not lbe cancellAble,terminable or modifiable without ton(l0)daye prior written notice tu Henefteisry.
<br /> ' Tnutox ahall promptly repair,maintsin and repince lho'IYust Eatate or any p.qrt ttrorcof sa t,t►at,except for ordiaary wee�r at�d
<br />�— ' tear,the'lYust Eslate ehell �wt det�riorato.In no evcnt�shall tho'Ih�stor commit wente on ur to the 1Yuet Eatste• �i to
<br />= �S. ACTIONS AFFFCTIh6 TRUS"T'ESTATE.llvstor alu�il nppear in and conteet any acHon or procoeding purpo nC
<br />= effect the security hereof or the rights or powera of Beneficint.y or�ustee,snd shall pqy ull custa snd expenree,including oont of
<br />•— evidcrace of title and attorney+s fees,in any such action or pro:eeding in which Beneficiary or4`rautee mey eppeer.Should 7kustor
<br /> ' fail tu mute any payment or to do any act as nnd in the manner provided in sqy of the Lonn Inetrumente,Beneficiary andJor
<br /> u
<br />•=� Truatae,ea¢h in itE own dixretion, withouf.obligallon eo to do and without notioe to or demand upon Truetoe and v►ithout
<br /> releeeing Truetor from any obligetion,mny mnke or do the enme in euch manner and W auch e�tent►ie either mey deem
<br /> neceasary tu prutect the security hereof.Truetor ehell, fmmediutely upon demand therefor by Bene6ciery,pay a11 cuetx snd
<br />:�. expenees incurred by Beneficiary in connection with the exercixe by Beneficinry of the foregoing righta, including without
<br /> _� _...,_....:.r eh� a���h rr�ars and exoenees not paid
<br /> 11I111L9ti0ri Cos1�Uf CvidetlCe ol tltle,coUtt cos[a,uppraiesuie,oiii:cjo B„o....,.......,,......._.--, ---- --- . �
<br />=`e within ten(LO)daye of wriCten demnnd ehall drew in:ereat nt the default rntc provided in the Note.
<br /> � G. EhtINEN'T 1)l)?V9AIN.Should the'IYual tisl�ate,or nny plrt tl�ercof or interest thercin,be taken or dAmeged by retua�of
<br />':� aqy public improvement ar condemnatimi p�rocec.ding, or in uny other manuer including deed in lisu of Condemnetion
<br /> ("C.ondemnation"),or should Trustor receive nny notice or othor inFormation regarding aud�proceedir.�;'1?.Iwsi�c ehell give prompt
<br />� written notirn thereof'to BeneGciary.liene!'icinry sha11 bo enY+tlecl to rxll compenspt5nu4 a*��stls sud•ot�fur�tt+qaiir.eoly or relief
<br />.�,;',? therafor,und ehall bo entitlttl nt its option to commence,nppettr iu and pro,eecvla�iir.ittG cµ'a name xny uci.4au c�n�>tuc+r:r-�'nQs,
<br /> '�5 Beneficiary ehnll also be enlitlecl to mnke nny compromise or st�ttlement ia.�GVnnwti�eir:'¢:::�euch takiiy�or damal���:}�::auc}►
<br />� compensation, uwards,dnrnnges,ri�;hts of uction nnd proceeds :iwurde�f•to`�MJ`�{.:+L'�?'<?!P��Proce�eda") are hereby aaeigned to.
<br /> Beneficiary und Trustor flgrms L•o executo enrh further nssignment�of the F2�aceeda a:r•f;�rseficiary or Truatee may require.
<br /> G.FUTURE ADVANCES Upou request of Truator,Beneficinry,nt BeneRcinry'a option,prior to reconveyanee of the I'roperty
<br /> to'IYusWr may mnke tutureadvnncrs to Trustor.Such futun advances,with intereet thereon,ehnll be eecured by thia Lleeti of
<br />- 1Yuat when evidenced by promiasory notes etating thnC aeid noten ure secured hereby.
<br /> � — � �""' - — �� Nev.9/85
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