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<br /> DEE�D OF TRUST ,^`,:,_
<br /> ' . � 1la�i',."
<br /> ' This DEED OF TEtUST is mack 3s of thc 61h day of Au�us�1997�5'�d emong thc T ft� cJ . ,:F-
<br /> __,whose mailing address for purposes � � f�__ _
<br /> � RONAI.D L.AND UNA M•VON BEHREN hereia. "Tn��toT".whether one or =::_.___
<br /> Deed of Tn�st is 291 S Circle Driv� �and lsland.NE 68801 � ` �_'ja,��"
<br /> mon),tt�e Tnutce.AREND R BAACK.Attorncy at La�v,a member of the Nebrasl�a Siatc B�r Assoclatton.whose �-.�
<br /> , mailing address is P. 0.Box 790,Grand Is]&nd,NE 6R3�12-0190(hereln"Tcustee")•aaed the Bcneficiary.HOME — ..
<br /> FEDERAL S�VINGS AND LOAN AS5�3�►TION OF�2'iRANL�154.�ND. WIIOSC Dk^l11U1S A�'IStSS 15 P. U. BOX �":::��'-
<br /> „� 1009,Grand island, NE 63ap2-1009(herein"Lender"1. `� -_—
<br /> rt��"=`
<br /> .�' � � FOR VALUAB�.'E CONSIDERATION, inclucGng Lender's extension of cYCdit identifiod henin to ,�,,`,A
<br /> ����;:,,j! (herein"Borrower",whethcr one or more),and the trust herein ``
<br /> ,s�1:. r;ti,• .v,' crr�atod,the receipt of whic�h is here�iy acknowle�ed, 'Tn�stor here6y imvocable gants, transters.conveys and ';�����,
<br /> •''; .'�:'. ,� assigns to Tn�stee, I N'I'I t U S T.W IT�1 P O W ER OF SALE, for the benefit and u��Y of the Lcnder.under and
<br /> �ei�`
<br /> :.:�
<br /> _ ._;.`..�� ;:..�. suhiect to the terms and conditions hereinafter set forth.lsgaUy described as follows: ���,N�,�
<br /> ,.
<br /> _ ��vi.,
<br /> -- ._ . ----°- -�-...,__ ,
<br /> ',�, �" �F. d A. _ -
<br /> ,.�•. .
<br /> together with all buildin�s,icnP�wcmcnts.fixtures.stroets.allcys.PassagcwaYs, casements. rights,ixivileges and
<br /> ,'' � a�utcc�.nc� !c^�*_ed ttxre�+n or in anywtsc pertaininA thcreto. and the rents,is�ues and profits. rcversloas and
<br /> rcmainders thereof, and sucl►personal properiY t1�at is attucNcd to the improvaments so as to oonsdh►te a S�.'turc.
<br />- includii►&but not limited to.heating and 000lin8 oquiPment end together with the homestead or marital interests.
<br /> if any.whlch Interests are hereb�'releasod end waived sll of which,including replaxmen�s�°��o���o.
<br />- � is hereby declarod to be a part of thu n;al estate socucod iry the liea of this Dad of Tnut and all of the fore�golnB
<br />.�...':�',�.•� being referned to henin as thc"Property"•
<br /> : " '''^' This Doai of Tnut slnall socurc(x)thc PvYment of thc ixinc�pal swn and interat cvidenoed by a Deed of
<br />_-� �..
<br />° . �� Tnut Noto dated pueust 6 • 1997. having a maturlty date of Seecember I . 201 in the origina
<br /> : . ' princ�pal amo�at of One hundred forty_-two thousand'Itvo hundcod sixtan ond 47/100 Dollars 1(S 47•216_47�.
<br /> and any and all modlfications, extensions and renewals theroof or thereto�o������a�or
<br />-;M..: re-advances to Borrower(or any of them if mors tt�an one)hereunder pursuan
<br /> credit a�eemeats (tieretn called"Note"):(b)the paYment of other sums advanoad by Irender ro pcotect the soc�vity _
<br /> - �''��'�:-�:_� of the Note:(c)thc pedorn�ana of all oovenants and ogrecments of Trustor sct forth h►erein:and td)all Pcese°t aad
<br /> .�:-�.. �� ind�ta�ss and obligarions of Borrower (or any of them if��or��� ,I,�N��'�
<br />_ - �•.� . tndirect.absolutc or contingcnt and whether arising by note•BuarantY•
<br /> .,R of Tnist and any and all other cbcuments that secure the Note or othe nts of leases ai►d n�i�a11 be ref�rred
<br /> � including without limitation guarantees,socwity a8reements and assignme
<br /> ��:
<br /> to hereln as the"L,oan Instrunlents". .�--�—
<br /> .
<br /> � LENDER AS FOLLOWS: �,��-—�-
<br /> TRUSTOR COVENANTS AND AGREES WI'TEi �.�;�- �
<br /> ' % '`1��- —
<br /> rr..y----�'-.
<br /> � ' 1. Pa cn of Indebtedness. All indcbtedncss sccurod hcreby shall be paid when duc. ,;C,�i-��,�
<br /> � F � 2. Title. Trustor is the owncr of thc PropereY. l�as th�right and authority to convey the P�op�m'and `r;= -
<br /> warrai►ts that We licn creatod hereby is a first and prior lien on the Property and the execution and delivery of the ���;
<br /> _ : ,: �;..
<br /> , Doed of Trusc does not violate any contract or other oblig,ation to which Tnistor is subject. �`_ t�, �r.
<br /> _,�._ .
<br /> _ �__•__—_ .....___ �_,:__.__. .,u �o.,..� �ial :�.ssessments and all other charges ��
<br />_ _ _ .._. _._� �
<br /> _ 3. Taxes P���ments. io pray oci��o�n;....y...,... .... ....._, -�--- .
<br /> .� a�inst the pcoperty now or hemafter levied.
<br /> .'."� includcd with the term ,
<br /> . I � �- .`Il- -
<br /> ' 1 4. Inswancc• To k,ecp thc PropertY insurc,d a&�inst danwge by firc haz , ,
<br /> �� "extended ooverage" and such od�er hazards as Lender may require in amounts and with companies acceptable to �• . '.
<br /> � � � Lender,naming Lcncier as an addidonal named insured with loss payable to the Lendcr. In case of loss under such
<br /> policies,the Lender is authorir.ed to adjust,collect und compromise u11 claims thereunder und shall have the option
<br /> � of applying all or part of the ins�rance prooeeds(i)to any inciebtedness secured hereby and'w such order as Lender
<br /> ; m��ty dctenninc, (ii) tu tl�c Trustor to bc uscd far thc repair or restoration of the Property. or(iii) for any othcr
<br /> �
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