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<br />THIS DEED OF TRUST, is made as of 26th day of Jtm.e � 2012 � b
<br />and among Bueben Ora9zco and Maria E. Oraazco, Husband and Wif e("Trustar"}, whose mailing addreas is
<br />- - 05
<br />("Trustee"), whose mailing address is 308 1V. Locust St ., Grand Island, NE. 688 1
<br />and Plate Enterprises LLC ("Beneficiary")
<br />whose mailing address is 2209 F._ Stol l e� Park Rd _� rrand TR1 and, NF._ hf3801
<br />FOft VALUABLE CONSIDERATION, Truator irrevacably transfers, conveys and assigns to Trustee, IN TBUST, WITH
<br />POWER OF SALE, for the benefit and security of Beneficiary, under and subject tfl the terms and conditiona of this Deed of Trust,
<br />the real property lacated in the City of Grand Island , Caunty of
<br />Ha11 , State of Nebraska, and legally described as follows (the "Property"):
<br />Lot Two (2), Block Eleven {11), Evans Addition to the City of Grand Island, Sa11
<br />County, Nebraska
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining roade, etreets and alleys,
<br />improvements and buildinga of any kind situated thereon and all personal property that may be or hereafter become an integral
<br />part of such buildings and improvements, all crops raiaed thereon, and all water rights.
<br />The Property and the entire estate and interest conveyed to the 1�uatee are referred to collectively as the "'1`rust Estate".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtness in the total principal amount of $ 61,000 .00 ,�� ��rest thereon, as evidenced by that
<br />certain promissory note of even date (the"Note") with a maturity date of August 1, 2027 ,
<br />executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this reference is hereby
<br />made a part hereo� and any and all madifications, egtensions and renewals thereo� and
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of
<br />Five percent ( 5 %) per annum, and
<br />c. The performance of Trustor's covenants and agreements.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and
<br />performance of any obligation secured hereby are reFexTed to collectively as the"Loan Instruments".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Truator ahall pay when due the principal o� and the interest on, the indebtedness
<br />evidenced by the Note, charges, fees and all other aums as provided in the Loan Instruments.
<br />2. TAXES AND ASSESSMENTS.1�ustor shall pay all tages and apecial assessments of every kind, now or hereafter levied
<br />against the trust estate or any part thereof ae follows:
<br />(initial one)
<br />% Trustor shall directly pay such tases, without notice or demand as each installment comes due and ahall
<br />provide the beneficiary with evidence of the payment of the same_
<br />Truator shall pay to beneficiary one-twelfth of the real estate taxes each month and auch other asaessments
<br />as they become due. The one-twelfth payment shall be adjusted annually as the ta�es change and trustor agrees that
<br />after payment of the taxes each year that any deficiency wiA be pmmptly paid to Beneficiary. Beneficiary agrees
<br />to provide tn�stor with receipts showing that the real estate taxes have been paid in full and when due.
<br />3. INSURANCE AND REPAIRS. Trustor ahall maintain fire and extended coverage inaurance insuring the improvements
<br />an.d buildings constituting part of the Trust Estate for an amount no less tha.n the amount of the unpaid principal balance of the
<br />Note (cainsurance not exceeding 80% permitted). Such insurance policy shall conta.in a standard mortgage clause in favor of
<br />Beneficiary and ahall not be cancellable, terminable or modifiable without ten (10) days prior written notice ta Beneficiary.
<br />Trustor shall promptly repair, maintain and replace the Trust Estate or any part tliereof so that, escept for ordinary wear and
<br />tear, the Trust Estate ahall not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate.
<br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action or praceeding purporting to
<br />affect the security hereof or the rights or powers of Beneficiary or Truetee, and ahall pay all costs and e$penses, inCluding cost of
<br />evidence of title and attorney's fees, in any auch action or proceeding in which Beneficiary or Trustee may appeat: Should Trustor
<br />fail to make any payment or to do any act as and in the manner provided in any o€ the Loan Instruments, Benefi«ary and/or
<br />Trustee, each in ita own discretion, without obligation so tfl da and without notice to or demand upon Trustor and without
<br />releasing Trustor from any obligation, may make or do the same in sach manner and to such e�tznt ae either may deem
<br />neceasary to protect the security hereo£ Trustor shall, immediately upon demand therefor by Beneficiary, pay all costs and
<br />egpenaes incurred by Beneficiary in connection with the egercise by Beneficiary of the foregoing rights, including without
<br />limitation coste of evidence of title, court costa, appraisals, surveys and attarney's fees. Any auch costs an.d espenses not paid
<br />within ten (10) days of written demand ahall draw intereat at the default rate provided in the Note.
<br />5. EMINENT DOMAIN. Should tbe Trust Estate, or any part thereof or interest therein, be taken or damaged by reason of
<br />any public improvement or condemnation proceeding, or in any other manner includi.ng deed in lieu of Condemnation
<br />("Condemnation"), or should Trustor receive any notice or other information regarding auch proceeding, ZYustor ahall give prompt
<br />written notice thereof to Beneficiary. Beneficiary shall be entitled to all compensation, awards and other payments or relief
<br />therefor, and ahall be entitled at its option to commence, appear in and prosecute in its own name any action or proceedings.
<br />Beneficiary aha11 also be entitled to make any compromise or settlement in connection with such taking or damage. All such
<br />compensation, awards, damages, rights of action and proceeds awarded to Trustor (the "Proceeds") are hereby aeaigned to
<br />Beneficiary and Truator agrees to egecute such further assignments of the Proceeds as Beneficiary or Trustee may require.
<br />6. FiJTCTRE ADVANCES. Upon request of Trustor, Beneficiary, at Beneficiar�s option, prior to reconveyance of the Property
<br />to Trustor may make future advances to Trustor. Such future advancea, with interest thereon, shall be secured by this Deed of
<br />1�ust when evidenced by promissory notes stating that said notes are secured hereby.
<br />_-- ��-�-
<br />Rev. 3i99
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