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<br /> � Deed of Trust � �:�=
<br /> .;� �xs 97—so�446 9� �-
<br /> �
<br /> � 7HlS DEED OF TRUS1!s made lhis���3__day d_Al�p.3lflt____— . 19.1I-,bY andbeMroen RL�ED A_1gp.�EEIL__SN��_, �
<br /> " *•�'-.•^^'-^ r,•••}v]raLioa whetfbr one or r►wrat (herelnelter caned the "bustor'), \
<br /> W���y���P.0. Box 1015 Grand Island NE 68802 .
<br /> lVOAWESl6ANK�� ASK�a NAmrnueT, �eenrreTlON (hersinaNrcaYedtlw"Tiustsd').whosemallinyadaYessb
<br /> ,'� SO�IATIODi (
<br /> �Q2 W Third St Grand Tts1 and� NE ,endNOFMVEST9ANK NEBRASR��.AT.rnxAT ac , habnaNer �
<br /> �� ,.eener;oi,ry�) , w R- ' ��.�r _ .^.TA.,� Ts.l.a.nd. rTE_�aan� .
<br /> caMed q�e .whose malung add�ess!s �is_ ��"r�• �-
<br /> �� WITNESSETH: Y`
<br /> •1- IF TH/S BOX IS CHECKED I�KTHIS DEED OF TRUST CONS7lTUTES A CONSTRUClION SECURITY A(�REEMENT UNDER THE NEBRASXA
<br /> CONSTRUCTION UEN ACT AND CREATES ORANTS AND CONSTITUTES A CONSTRUCTION SECURIIY INTGREST IAI THE PROPER7Y
<br /> � DESCRIBED HEREINBELOW. __________ __
<br /> WHEREAS,TiuSto/Is lndebted to Benelklery In the pdnclpal sun:d SFVF.NT}( THOUSAND E�NII NQ.[100------�- --�
<br /> p,��(S70.000.00 1,whkh lndebtadness Is evldenced by Trustor's Promissay nole dated 91g!,at- A .19�Z.,lhoreinefte►
<br /> ca►fed the"No�e'),peyeble ro the order d Benefklary and having a maturiry of Febr�ary 10,_ L 998 •
<br />� � NOW,THEREFORE,for the pwpose d securing:
<br /> ' (s) peyment p►ry�e Not�,rogether with Interest thereon,late chargea p+apeyment Aena�tles,ary futuro advances and all extenslons,modXkaUons,
<br /> subsMuNons and renewds thered
<br /> . -- - (t�1 payment d au omer sums/ees w cheugrs,i�x�vii�ar wlit��rta,ast�ers�n,.:dV�tx^3��.t^..t�'°th8=-°_"i�!?fY i+1[hla lk�wf M 71vsf and the pBllolnt9►ICB
<br /> .. •'l�,` d the caenente end egreements d 7iusto►,whether or not set forth hensin,
<br /> ?,. ' ` (e) peAonnance,dlachetge d end compfJance wilh e�re+y temi,carenant,obligaUon and sgreement d Tnistor contahed here►n a lncorporaled bY
<br />-�I �;�'-'�r
<br /> �+.: reMren�,v a�vy other secuilty lnsdument at arydme giH9n to secure H�e Not0.and t
<br />- '��" (� the roJ)eyment d aN ather sums a luture advences,wlth ir�terest thereon,whkh may he�Mfa�ha�e been w herealte►be edvanced bY Benefklary ro
<br />- ' �:��,,,." ': c. 1lusla a 7lusror's auCCesso►In lnlerest a tRle�
<br /> a!I d whkh!s herolnader collecth�ely caNed the"Indebtedness';Trustor lrtevncaby granta and hansfe►s to hustee�In dust.W/TH POWER OP SAI�the
<br />'',�,,,,::. .,:.�' lpNpyWnQ dssc►it�ed prope�ly:
<br /> ,,.:.,.ti :,
<br />�"�� Lot Thir�y-eight (38), Jeffrey Oaks Third Subdivi.aion, in the City of Grand Island. Hall
<br />_ � ��''��� County, Nebraska
<br /> •r
<br />�:' ' ':.Y�,�' topetlier w/fh(�)ell bulldings,sbucture�addfflons eNer9ements,moditkadons,repe�r�replacements, and fmprouements nav a 1►arealta bceted H�e+eon�
<br />'_�-`°y:,C�f;; (N)aN equkxrMrK,machlne�y and flxtures(lncluding.wlthout IimNatlon,al!lightlnq,heaHng,rendletlng,coefng.ah conditlanh+9.sp►lntcWn9 and Pw��B
<br />�,�-..-;r.c,+"_.:� Nxtun��water and pow�er aystem�enSlnes�bol�era.►an8s�a�en�dlslm�e�minors and manteAR caryetln8.fumaces,di buma4 ebvelo�end
<br />�" ,'.�*?"�'�::.;� moA��ro/►lperedon plerrta a unit�communketlon systems,dynamos.Gansforme�st electdcal equpment atorm and sCreen wlndaw�doors,ewNngs end
<br /> -.-':..._..1.�
<br /> u� .
<br /> ���r�,. shades)now a hereMter ettacM�d ta w bu�R�n,ary buAding lmprowment or lmp�a�ement now or harealter located thereon,(111)ell easements and '
<br /> i„�.h� , �yey appurtenen!t/+eretq(N)ell/easeiwld estate,►lght,Utfe and lnteiest d Tiustor Irt and ro all lease�w/x�har now a hereaMar exlstlng a en(ered 1►rb
<br /> -.:::,,��,,. �MCIUdN�p,wffhout Nmftathrr,all eaah and secmlty deposlts edvance rentafs and deposlts w paymen[s af�slmNer nature),pertalning thereNo�N1 all►ent�
<br /> -`=�i�'`�"-•• lsaue�proRfs and lncorne therelrom(sutyect ro the r�ght d Tivaror fo colfect end apply such rent&Issue�p►ofits and Income as they becon»due end
<br /> -'"':•'._••-rr�,� peyable ao long es no e�ront d defaurt exlsts hereunder).(vl)all rt�yraRfes mineral,WI end gas rlghfs and poHts,water,water►IglMSt anU water i(odc.hA)aA
<br /> ��r..`..: tene►r�ertts.heredltement�Pnvileges and appurienances belonging.used a eryq�ed!n connectlon Iherew�f►. end(vliq el!prrx,�eed�d ca�reraJO►�.whintery
<br />�=.�xT';„���'�: a(nu»luntaryt ot any d the fore9Wng into cash or Ilquldated clalms(lncluding,without IImltetlon,pioceedt oI lnsurance and cata�emnsNon awuds),a!10l
<br /> =;'r•i:_�:� whkh is herek�lle►coNecM�ely called the"Tlust Properry':
<br /> - 10 PR07CCf TNE SECURITY OF THIS DEED OF TRUST. TAUS1qR CWENANIS AND AGREES AS FqlOWS:
<br /> �.�,._• ..�u;,,� 1. TIHe.Tiusta�caenanl�weiran�s and ag►ees w/th Benelicisry.Its successora end esslgn�that Trustaowns the Trust Propary U�e Irom e�Y P►1a�1en
<br /> _x«�J;S,::;• or encumbrana!thet thls Deed d Jlust!s and wlu remaln a valld and eMoroeable first Uen on Me Tnn►Properry,that liusta,et its expense, wlll
<br />_`�? ' �• '''' preservie sucA tRle and wlll malrNafn thls Deed d Tiust ss a flrst and paramount!!en upon the Trust Pny�eAy end w/ll Ibre►o►warrent and deAend Ihe
<br /> - �.,,�,;.:...
<br /> - ��c�,:.::; velldlry end p�lalry d the Irer►heroa!agafnst fhe clalms ol all persons and paNles whomsoeti+er.Tn�sNC et�ts eaPense,►v!N Cause th/s Deed of Tiust
<br /> � �' � end each smendment a supplement heret0.ro be liled end reco�ded ss a mafpsgtf d the Tiust Property In such mamfer and In suCh place end will
<br /> ' � take such ecCon os In the opinlon d Tiustee may be required by any present ar luture faw!n orcler ro perfecG malntaln and protect the Nen o/thls Deed -
<br /> d Trust,as the same may be amendod oi suppl5mented!rom ttme to tima 7Yustor wlll make such luitlier assurence or assurnnCes to perfect ita UUe ro
<br /> the Trust Prtrperty as may be required by BeneHciary.Tiusror hereby relinquishes au�ight of dati+er and homestead/n ond ro the�ust Property! _
<br /> • t. 2. Peyment ol lndebtedness.Trustor shall punctualy pay the pnnclpa/d and interest on the Indebfedness seCUmd heroby!
<br /> � a Conshuclbn ol�mpro�rements.Tiuslor ahall compkNe!n good and wrnkmandke menner ary bullding�imf�ements a iepairs reladnp thereto whlch _
<br /> , , ¢ � may be begun on the Tmst Properry a contemplated by the ban evldenced by the Note securod horeby; ro pay when d�re ell costs end NabJiities '
<br /> Incurred there�forot and nW to pertnit a►y constructbn Ilen egalnst such Tiust Propert}!In Nro a�errt constn�cNon d bulkiN�gs,ImprowemeMa or repeNs �' �'
<br /> eie conl�emplated, 7lustar also agiees erything In thls Deed ol Trust to the conhary nonvithstanding;la)to p�mpNy ccmmer►ce e►y auch wo+k end to
<br /> complete the proposed lmprowmants pmmpty,(b)to complete the same!n accordance w►M Ihe p/ans snd specNiCatlorts es apprareU by Benelicfary.
<br /> (c)ro compy wlfh ell fhe te+ms d e bupdrng loen agreemant,N srty,beM+�en Tivsta and Benefic/ary;Ihe terms d whkh are lncaporeted heroln by
<br /> reAxerK.�e and made e pert hereof.(d)lo ellow BeneNcfary to inspect the 1Yust Properry at 8l1 tlmes dudng canstruCtbn,and(e)ro replace erry wwlc or
<br /> '`' matedals unsatlslactotY to Benefklary withln lrlteen(15)deys alter written notke from Beneficlary d suCA laCt.
<br /> �; 4. Funds for Peyment d Chuges.SubJect ro appllcab/e law or ro a w�tten walv�r by Benefldary,Trustor shall pey to Beneliclary on Me Itrst Uay ot eacn -
<br /> month,a such ofher date each ir,onth ss may be specified by Berretictary,until the fndebtednoss ls peld in lull,a sum(herelnaMer called the"Funds)
<br /> i equa!to 1/12th ol the y�9a►y taxes and essessments whlCh may attaln prlonry arer M�s Deed W Trust end ground rents on the Trust Pruperty,d Ary,plus
<br /> t 7/i2th d the yeery premium Instalfinents�or hazard'nsurance,plus 1/12th o/the yuarty premlum ins�allments for mwQ7age lnsurEtnce,il any,a11 as
<br /> � reasonab►y estlmated lniUaly and liom tlme ro tlme by Sonoficlary on the basls d assessments and dlls and rttasonable esNmates thertwf. The Funds
<br /> + shali bB hekJ In en Instltutlon,Me deposfts or accounfs d which are Insured or guarenteed by a tederal or Statd agency Incfuding 8enelkiary.
<br /> i BeneNclary shallB�Dpy d�g Funds to psy sald taxes,assessmentS lnsumnce prem(ums and ground rents.Benelltiary shell nof be requlied to pay
<br /> 1Yustor ary fnte�sf a eamings on the Funds.Bene�iclary shall gMe to Tiustor,without charge,en anwnl eccountlng o/Me Funds shu►v/ng c�dds end
<br /> � q�ebits to Me FunOS and fho purpose lor which eech debit ro the Funds wes made. TAe Funds ara pkr/ged as additlonal secunry for the Indebtedness
<br /> socured by thls Deed d Tiust H the amount d the Funds held by Beneficlary,together wlth the future monthry installmon�s of Funds payable pno�to
<br /> the due dafes ol taxe�assessment�insurance pemlums end ground rents,shall exceed tho amouN requrrod to pay said taxos,assessmenl5,
<br /> � lnsurBnCe premlums and giound rents es they lall due�such excess shall be,et Tiusror's optron,erther promptly�epa�d ro Tiusror or crodded ro flustor
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<br /> N�171YJ8 M10 f.l 95�S?lt?i I
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