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<br /> ] DEED OF TRE1ST �r
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<br /> -='' TxIS DEED OF TRDST is made as of the �� daY of Septeml�er, 1998, by �f,�
<br /> emI
<br /> � � aad aiaoag John P. Be11amY aad Bonnie S. Bellaa�y, husband and wife �? ,���:j�``.'°�
<br /> --- - d Island C1,� a<��``-
<br /> `�'�; •`* ..,..,'�r;. (•,T=uator°}, whose mailin9 address fs 3122 W. 18th Street, Gxan . y,ti t,��_
<br /> :'��:��"�:-�:� �::' `��,-, Hebraska 68803, aad Galen E. stehlik� attorney at law f�Truistee"), whose '��•_'��t�.
<br /> ` �"� ' �`" address fs 23i S. Locust street, Grand Island. Nebraska 68801, and Ag �� ;,�- „
<br /> .,�_;._. :.:. ••.,,•r„t
<br /> _ _._._. Capital ComP�Y. �'`.;�`^��
<br /> :_�.� a Delaware Corporation� �"Beneficiary�). whose addreas is ����,__��
<br /> �"#� 15200-.Radissen To�+rer. ZO3 5th.Sixeet, Fargo, Horth Dako�a 58102. <Y�•-�
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<br /> . ;:�-; FpA V,AI,OABLE CONSIDERATJCON, Tzustor isrevacably transfers, tonveys :
<br /> °•t and assigns to Trustee, IN TRDST, :t,1ITH POWER QF SALE, for the bene��t: and. �'•,T,,,;
<br /> security of Beneficfazy, under and subject to the tertas anc� conditiou� of ,_
<br /> . .: ..,:. .._.:.�,j�;; this Deed of Tzust, and a certai:ri "�19 CaRital Campany Construction Loaa ;
<br /> - -- :�'�`' Aa�re�entp dated 3eLntember ...((�. 1998. tise,�real property Ioeratied in� the :° °,.
<br /> Ci.ty of.Grand�Island, County of Ha21, St�t�,of�Nebraska� aad qescribed as ������;:
<br /> �f ;.'° ; � follows (the "8roperty"): . '; : . ..•'.:'��'�' ��� �-
<br /> .r
<br /> � �;, � , Cit �f'Graad
<br /> ' �s; �;� � • I,ot Five (5), Westqate Fiftte Subdivisioa in; ��`' 3F �,��y�°_
<br /> ' �� , � �1�t Islaad. 8a11 County, Kebsaska, ' . _`. : r
<br /> � . Y�,p! . . [ < '� ,.
<br /> �� : .�;c.t�� � � TOGETHER AZTH all rents�� ease�ae����r ��PP�'tenances, hereditaicents, ; f��,;,.
<br /> , �':tt ' ,•'r,,�;, interests fa adjoining roads, �'�ree��'v�s�d alleys, improtreineats and. , `
<br /> ��` ':� buildings of any kind situated ti��a����,all personal proparty;tl�at m,ay� ,,�vr
<br /> � . �- •.•i �` �: c�ch buildings a�nd,•'improvem.�ents. ` ,c�r ��fT
<br /> .,,';�. ,�., .,. � be or,hereafter become an iategra����+�':�,. , ,
<br /> ' ' �� `$�`'' � all'c�s� raised thereonr, and �a����+!��'����• , `.�}`�
<br /> ; a ..:.�: . •� � �} .:� ::•: . ��,- �,�1
<br /> l �5:�' `:�t � i �• �}_:'5�:. .•� . . _
<br /> ;:�';;�i':� "•�� and �C.he ent�` �s�ati+�•��'m:id• ���:��est +Gaaiueyed ta.�ths � ;;�r
<br /> �Ttie Progesty . -
<br /> ���r' s`:� � Txustcee are re,�etzed•to co�lecti�'�Y as the "Tr1�� f6rtate". ;�� -
<br /> , � :' .: _ , i� . ,
<br /> _, •� �_ � �
<br /> � �� '�HIS DEED OE �'RDS'�''IS FUR THE PIIRPOSE OF SECU'��lIJG: . .
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<br /> _ �,..1J ' _':'i- , ...
<br /> �'!� A, Pay�ent of indebtedaess ia a total principal aatount not to . ;
<br />_ . „�:�� � =�� exceed Two Busidsed Twenty-Eiv�:`;:Thousand Dol2ars (S225,000.00a,. Hi'th ,-, ,, ..r�°
<br /> , . .
<br /> ��`� interest thereon, as evideace�.:I�,���'tt�iat cestain promissory note of evan. d�te �,,,,�
<br /> '(the "Note") with a maCur3��"`-,t.�� of December 31, 1998, execst�ed by,
<br /> ' ��� Txu���y. which has b�ea de ��w�i:ed and is payable to the �order of ���.
<br /> ' � . . Bes��ac�;,ary, an¢ wl�feh i�°�?.�s teference iS,hereby made a pa� hereof, and :
<br /> < i : +, ��� any a��tt all m�.�i.fication�, exte�ions, and senewal�s �theree-�� 'and �, . � -
<br /> _y�` : �' � .�. . .'� , � . . �.-; �'}�.r'� ' -.
<br /> g. payiaent of all sums advanced by Benr���f�3ary �to �proteati the �' _
<br /> -t�- � -
<br /> •�� '' � Tsust Estate, with intesest theseon at the rate st�:'forth:tn the Note.
<br /> 1. . . BI��.::
<br /> , � ,::.,. This Deed of Trust, the Note, the Construction Loan Agr�emeAt and ari1-• :;�;�
<br /> � ;' othez instrument gfven to evi�nce or further secure tRe payrs�op�;;.�and'' .��. 't.,��--
<br /> . .� . • , .i!I''�:•�, perfo=mance of any obligatfon �taari,�ed hereby ase iefersed to co].l�ab��gl�t��.;?" ��`-'%��
<br /> `, 4
<br /> , • � , .� �,�•': as the "Loa� Instrwaent�°. . �
<br /> ,. ,��. . , . , ,•'
<br /> '�'" TO PROTECT THE SECIIRITY OF THIS DEEA OF TRVST: . �.
<br /> j ,,y.,.,, - ,,{
<br /> �s���' ' � ' . � 1 g��t�� oF iNDEB���k�ss. Tsustor sY��1 Pay when du� �"�!� , ,
<br /> .�ty�'}�;. :;i,': . . � i!'�'� ' .
<br /> .,.r;.r� . •::'�.,'` psineipal of.��.�d�,the intexest��,,� the indabtednes� �videnced by the•�1��t{e,, •.,";
<br /> � �.,', ` ��: chazges, gees ��ff�i� aZ�l :o�.�ter si�1,s� as provided in t.�s� .I,oan Instnunent�!:; � �
<br /> ����4t'>.:�•_ ' . , . ; . • " ...
<br /> � _ � ,, � 2, �,: �t�����. s3ia311 pay each installment of all taxes and ' ..
<br /> � �; , special asses�aents of every: V�.r�d, now or heseaftes levied aqainot the
<br /> � � " ��' � Trust Estate `os any part thexat�s�� before deifnqttie�oy. wi.thout natice or ... ;7:
<br /> � demand, and shaii provide geneff�iary wfth evider.r.� o� the payment of same. ..
<br /> � � � � � Trustos shall gay ali taxes and assessmenta erY�ich may be levied upoa
<br /> ' � Beneficiary's interest herein oz upon�this D3�d of Trust or the debt .
<br /> ' � secused herebq, wfthout regard to any law tha$� �a.y be enacted fmpoaing
<br /> .. . . payment of the whole or any part thereof upon tttiQ �Beneficiary.
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