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<br />�`����� Y - DEED OF TRLJ�T
<br /> •_��sv�r<
<br />"',=:-;;,y�
<br /> '��'' "''� THIS D�En UF TRUST i9 mado ns of 25th dny uf.._ SepC�mbor _ _ __,19 98 ,by
<br /> �_ri
<br /> =_` nndamongJOHN BELLAL�Y b BONNIE S. BLLLA�lY� liueband eetd_,�iife ' wh m i addces�ie
<br />�A��m TII�IOTRY' �p . n�'"`����l`�� d go ae
<br />�'�;�!C;R'r,� r+ U
<br />_��::�:. mailin a dreas is 400 Secoa venue Sout Minnea olis . 0
<br />•=,�.,�:•::.,, t, �� RUDOLF F PL•ATE (uBen�&ciae�')
<br /> �;, '��''; • whose mailing addrese ix 2608 �J Old sir Rd , Gran island� *m �QQ�?
<br /> - `,M�:.aj.:
<br />.�:_��. 4_` FOR VAJ.UABLE CONSIDERATIOAI;Truator irrevocab�y transfore,coaveys end sasigus W'lYuetee.IN TRUST,WITH
<br /> -- POWER OF SALE,for the beaefit and sseecurity.of Benefidary,uader and aubject to the terme and conditions of this Deed of Trust,
<br /> c
<br /> '"=�,°P.'r'� the neal�ell �located lt►the City of Gg�nd Islattd _ . County og
<br /> _—�� .State oP Nebrteska,and legally descrlbed as followa(the"Property"):
<br /> �-u'"-�=�~-�� Lot Z�ao (2), Westgate Siis�� Subdivisioa, City of Grand Island, Hail Caunty, Nebras
<br /> ��� TO(�E1�.�t i�VTPH�al!rente�easements,�aPPurtenaacea.hereditameate�intereste in aajoinin�rosde,atreete aad elleys,
<br /> � �,- = imgz'orsmeats� i4�+'1� `�.f say kin�8;o„nt.v�l thereoa and all pereonsl pmDert�y th8t m4`►be Ol'tta^.rea8er beeome su iIItegral
<br /> `� 3`��'° parl uf eu�buildinga aud;mprovam.efita,�11�rops raised thercoa,and a21 rrster rights. � �� �
<br /> �;�. ,.�, The Peoperty and LT�m eiatire sstate and lnterest conveyed to the TruE►tee are retbrrad W coUec4avel7 as the Tn�st Estnta .
<br />'_���:�l:�ti�n... , : FQRTHE PURPOSE OF SECU1tINCi: ' .
<br /> =-----_°'::,�,�-,
<br /> ---�;;'� a Paymant af iadebtng8s�itl tlie tt�tal Princi�al emount of$24.000.00 . with intt�t 47��.ati�am,es evldenoed bg dmL
<br /> __-'�'�:: oertein promlasory note of even�ate(t�tl°.NoVe`)aith a maturiiq date of November 1 2,�D_Q�� ', -
<br /> _ -.. ._._�__'-==� eaecuted by 7`rustor,whicA lies been delivan�d and is payable w the o:der of Benefidary,aad wldc'�;�p tr�ie refarenae ia hemb$r
<br /> --= made a part hereo$end enY and a11 modi�cations.exteneions and renewaL9 thereo�ead :.. � ..
<br /> b. Fs�tnonent of aU euma advaaced by.Benefiaarq� to protect the 7Yvat Eatate,with inter�aE tbereon at th�rate i+f
<br /> =—_-=_� Ten • ' perceat( 10 4'0)per anaua►.aad . • ,
<br /> �=�;r�;��i c.The performance of Trusto�s covensinte and agreemente. •% ��
<br /> -_=----�-i���;�1{ This I)eed.oF 7Yust� the Note. au�l enY other inatrument given W evideace or fiu4ha��'sectiie the payment sud.�
<br /> ----_--- performauce of any obligation secured her@by a:e referred to collectively as tDie"I�n Iastriameab"; •. ,
<br /> o____ TO AROTECTTHE SECURITY OF THIS DEED OF TRUST: � ' • .
<br /> � � 1. PAYMENT OF AVDEBrTEDNES.9.�ustor shall gay whea due the priadpal ot',satl t�o'3nPi�reat on.the ittdebtedaess .
<br /> �"�:a"•;,".3••.�., evidenced by the Note,�'Axge�.fees a�id all other sums as pmvided in the Loaa Instrumeat�. �: , .
<br /> --~;,`��1.' 2. T 9 NND A33E$SMENT9.!1`rustor ahell p�r all tases and spedal esaessmenta of evei'9`Rdnd,aow or here&t�`m!t�iad •
<br /> ;� .
<br />.;.�� _ - e tnist estate or at�q part Lhercof as followe: " •
<br />,;1�,Y ( • ) , '•. �. .
<br /> ehall directlq payr euch taua, witdwut notioe or demand as each inatallment aomes dne end s6all
<br /> ----— pmvide the beneficiary with evidence of the payment of the seme.
<br /> __� T�ustor shell pay to beneSciary onetwelRh of the real estate t�es each month ti�nd euch other asse�ataxo,mnta `
<br /> -- "'"''� aa�they beoome due.The onre-twel&�p�ymeat ahall be at�uaF�d arinuaU,Y es the ttixes c1�n8e and tn�ator egtaes tbat.; . '
<br /> � sir,uii eRer payment of t�e taxdi each�qear that any defideacy wltl be promPtly paic�to�B�aeGderY Beaeflcteri'eg�e8 ;,
<br /> 4i.���,�w �°� to pmvide trustot wlth x�`.e�p=s ehowin6 t1�at the real estattj teses have been paid nu fi�aud when due.
<br />:�`�°'�:;1��+� S. INSURANCE��'A�IIiS.Trastor shall maiataia Sro and extended coverage in�nrao¢ce inewdn8 the impsevemente
<br /> -:�:�!. d balance of Rho
<br /> ___';;:',>';;i<<,,.. and buildinge canatituting�r6 of tlie'3tivat Eatate for an emount no lesa tHan the amountoFtrae iu►pai PrindPel
<br /> °-_`::••.:;•:}v; Note(ao-insurance not es,q�ediag 8097�permitted).Such iasuranoe policq ehall aoataia a staadamtl inorLgeBe clanae ia favor of
<br />-�•��,x,�`��' BeneBciary and ahall no3.�cancellable.termiaable or modi8able withont ten(10)days Priar writEen notice to Benefioiaryx
<br /> � Tcustor aball pmmptty repr�ir,meintain and replace the Trust Estate or any part thereaf eo fhat�e.zoept far oidinary wesr aad
<br /> .;���, „-, , tear.the Tn�st Estate sl�alt not deteriorate.Iq no event ahell the ZS�v�tor commit waste oa or tp tdte Teast Estabe.
<br />°_--�s���. 4. ACTtONS AFFECfy1VC�TRUST ESTATE. Trustor ehall appear in and canteaE any action or proceeditr�Pnspurbn6 to
<br /> - _x<�,:• �- affect the security hereof or the rights or powere of Beae&dary or'IYnstee,aad eball paq all coste aud mcpenses,incIudiag aoat of
<br /> +,�;�.;�q� evidenee of titte and attome�e fees.in aqY s�crli actfon or proceediag in which Beneficiery ar Trustee a�Y sPAear.Should TrusEar
<br /> :,-�r�•'.s• fail to mcike any payment or to do aqy sct as and in the manner provit�ed ia any of the Loan Tnalrumentn,Beaefic3ary and/orr
<br /> = {''>{-••Y�:� Truatee.each in its own diecretaon,without obli�atian so to do and witaotrt ao�oe to or demaud upon Trustor and wIthont
<br />_.�r�4..... ;'_., '
<br /> - reles�sing Tr�stor from any obligation.maY make or do the same ia such•r,p�RQ*nnd to such e�dt.�at as either may deem
<br />";� aeoessary to pmted the securlty hereo£1�rustor shall,immediately upon demazed thorefor by Benefidary►.payr a11 ao�ts ead
<br />-�r�..:�,�.�'�', expenaes incurresl by Beneficiary in rnnaectioa with the exercise by BeaeBciary of the furegoia8 r3ghte. inciuding wlthout
<br /> -� - _e��_��aut� r....a��e� wioelo m..unva nnrl aflnm�a fnoa AnV IIuC�CC4�8 8IId C�829 IIOE DII��
<br />--�-P•.�- t1mILRiit7lt i.vJw w c�swuw w a..q w.......��..�-r--s--'-+-—"-•-----. . ... _
<br /> = - • 'R wtthin tea 110)days of wrItten demaad ahall draw lnterest at the default rate provided in the Note.
<br /> �� : '�" 6. EMINENT DOMAIN.3hould the Tnist Estate,or aay peit thereof or iaEcrest the�ein,be taken or da�maged by�asoa oY _.
<br /> !°"�' anY Public impnovemeat or oondemnation pmoeeding, or fn any oihc�r manaer inrluding deed in lleu of Oondemnatlon
<br />' �� • ('Condemnc+tion").or should Tnaetor reaeive any not{ce or otdner infotmation regarding such pzooeedLng,'Pevstorahell givo pmmpt
<br /> written notice t�ereof to Bene�ictauy Benefidnry shall be eaUtled w all compeneatton.awerde und at�er paymenta or rn.�ieY
<br />, ' theiefar.and ehell be enKtled at ita option to commeaee.appeer in end prasecute in its own aame any ectioa or prnaeedingo.
<br /> Beneficinry shell also Le entitled W meke any mmpromise or sottlemenL in oonnection with euch teking or damege.All each
<br /> � compensatton,awrirde.dumogea,ri�hts of acttoa and proceede awazded to Trastar(the "I'rooeeds') are hereby essfgited to
<br /> BeneHciary and 7lvbtor agrces W execute euch fu:ther essignments of tlie Pmoeeds ae BeneSciary orl�vetee mey s�quite.
<br /> . � � 6.FiJTpRE ADVANCE3.Upon request of Truator,Beneficiary.at Beneficiary's option,prtor to reoosveyance of tho PropeytY
<br /> " _ . W�tor mqy makP futui+e odvnnces to 74u�Wr.Such fuLure advances.wit�iaterest th�ueon,sL�ll be secnred by this Deed of
<br /> Trust�vhen evideaced by pmmiesory notea atatin�tdnt said nates nre securEd hereby.
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