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<br /> 3^^`-` THISDEEDOFTRUSTIsmadefhls.��deyd $Eptemher , 18.�Z,byendbeMeen ROSF.RT L_ TV�IRSAN , `�
<br /> `' t`��'��'. AND BARHt►RA A. IVARSON, Husband and Wife \
<br />_•��+.t cl� whelher one a more�(henMr►dler caled the"fiutar')�
<br /> -;�•....� wlw»m�M�rp�k�Ysss b � �
<br />,�_?`�� AlOiRN�E5T8ANK NERRASKA� NAT?f1NAT. ACSf1CTATTAN ����y�.�y�� �ys�y���
<br />.,;;�.� 202 W Third St. Grand Ysland. �E e�dNpqybESiBA�yK NEBRASKA. NATIONAL ASSOCIATION ,���,i,� �
<br /> _ _ caNedthe Benellcloy�q,whosema�wngeat�ess�s 202 West Third Street. Grand Island, NE 68�01 ,
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<br /> •_�'`�-�� !F THfS BOX fS CHECKED L�7HlS DEED Or�TRUST CONSTlTUTES�COAIS1iiUC/!ON SECURITY 14QREEMEM C/AOER THE NEBRASKA
<br /> ; COlVSIRUCT/ON 1lEN ACT AND CREATES,ORAN15 AND CONSlITUTES A CONSl'RUCfION SECURITY/NTEREST/NTNE PR:7PFR7Y
<br />..�_.� DESCRIBEO NEREINBELOfM1!
<br /> =-- -= WHEREAS, TrusbrlsbdefMedtoBenelklarylnthepnYrcryoalsumal F.Tf�AT11 arva mrrrnicaNn eNn NO./l0a -
<br /> _�"`'� p�ym(�BS,000.00 i,wNch lnalabroat�essls evkrbrwedby 1►ustnva prwnlssay note dalbd september 24. ,18.9L.�(hsrsln+fMe►
<br /> .;�sR'� ��y�g^/y�g�7,P��y b tM ordf►d BeneQCluy and h
<br />___ avinp a maturly dAnri.i 1 , _1998 ,
<br /> -- NOYK THEREFORE,Jbr fhe purpose d aecu�kiq:
<br />--- (+)paymrx d ths Nole�Myetlier wBh lMerest H�ereon,lal�charges,propa�m�ent penartles�+mY Arfu+e adverx:es�end aN exNnsi�on�moa►Yicatlon�
<br /> auwekuetorra ana renewaa n�e+eor,
<br /> (b1 P�Y+�K a ar oa�e►aun+a bss a anarpea In9efhe►wltl,inraesr die+eo�n.eavenced ro procecr n,e secunry a m1u oe9�da 1i�n end n,e penbmwks
<br /> a rhe caenMts and apseme�nta or 7h,atac wheMier a not set Aorfh ha�eln,
<br /> —. (c)P�bmW►�4 d:scfwQs al end compYenCe wlth ereHy(erm,caenm6 obYQallon and aflreen�b►k d Jiusror caKaAr�ed h�enh or h�orPorMrd DY
<br /> nknrws aary atlier secuiky Insoument at arytkne gVwr►ro aecure rhe No1�t and
<br /> (p1 ths�p�ymerk d d otlbr aUms a fuhre e�dVa+�ce�,wlfh,FMmre�l Bxreon,whkh mey hereRNFxe ha►�bsa�a he�e�flsr d�r�4ncpatby f�nMfcWvy b
<br /> 7fuslor or 7FwA�r'a auccss�or In kHSrott a tlfld�,
<br /> { �N d wMch b AensV�alJbr ooMscM�elyr caMed ihe"IntlebMdvssa;liuslor kroKx�.ably pents aid translb►s b Aus1eA!n trwt WITH AOWEA QF SAL.E tha
<br /> � k+�owrry daa,aeo�,uno,oa►ry:
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<br /> Lo� Ten (10), Yndianhead Subdivision in the City of Graad Island, Hall Cotianty, Nebraska
<br /> — � bpMMr wltli(q aN burlai'nys�saurtu��t edaYNon�enferpsrnentA moawYcw/on�iePdr�repl�CemsrNa end rmprowmerxa nowa A�eiwldr+bca�sd tl►ereor►.
<br /> (W1���►.�Y r►d Bxtu�es(�cM�d�+D,wlfhout NmkaBon.a1'YyhtlnD.l�efNip,w+MfNfk►y,000NnD,a(r ca�dltlorYr►8.ip►�rYdFra and P�urnpinD
<br /> Axhx�Ntier andPavsr ay�bm�snphes�Dolb►�rw►pn�ow+i�oYShw�aNerot riXnora�nd►n�ri(edt carprtlrg,fumace�0!/dms�r8�A11�b��rid
<br /> {� morora�n6'IpN+plon P►en►s a uriMat oanmun�catlon aystsm�dynemax tmsA�mie+�elscn+ca/eqi�k alwm�nd scne►►xiqbw;dbaA�w�rMr►Qa w►d
<br /> :' �s)now w hersefiMr atdchsd(q a buNt!n.�nY buWd'rip ImProwr►rent a le�pra�emsnt naw a Mnaflrr bcMed disrsorr, (J�7 w N,+ementa�nd r�yhta a
<br /> '' weY�opiwM►►+nt C�s►Wi0.(HJ aN b�.tsl+o�al ssM4 dp►+4 tltk ar►d lnletest d Ausllor!n and(o/W lNSe�whetlMr naw or her�Mexrolsehp:o�1rMw�dlrMo
<br /> ,r (�haYrdMny,wltl�out wn�lqobn,�Y aih erx!a�au!!Y aMpo,tKa�sdwnce+sntrt�nd depoake o►p�pm�rMa a/a almNM rNhir�1},p�htrq C�wwu�M aM rNM;
<br /> � k' faausa.Pro�f��nd hCO�rtN tlwro/mm(,subfstx Ib ths►!pM d 11 W1Gr b cnMect Md Apnly such renta�luusa Profka Md fiic+ort�q tl�ey 6�COnN dJS�nd
<br /> . wr•t+.eo wnp.a no a�«�r or w�rwr arun ne�eunde►).NI!air►oyeMOle�n�r►era�a/a„d pas,ip�xa and prd�lts,w�N,wnM►rfjyl�ana wrM►a�oc�.(V�9)ar
<br /> � ��t�P►��and appurll9r�ances be/or►yi►p.ueed a aqby�d M eonr►sctlor►theiewNf►,arxJ(VIYj aNprD�Y�ds d oav�MSton.uoAxrt�rl'
<br /> r'. o►�oA+nt�rl�t d anY d oAe�bre��p+hb caal►a up�ldeted c�elms(lnch�ng,w�ohorrt yrr�ttatlon.woc.sa�a.rnsurencs ane caa�,�ron��,.ir a
<br /> whron/s nM.rnan.►t,�aFbcMrey ealled u�a°nust P►np.+ry°
<br /> TO PAOTECT 7HE SECURlIY OF THIS DEFD QF 71iUS�TRUSIOii COYEAfAN7S AND AGREE^5 AS Fd10VY5:
<br /> i. 7XN�ifuauor cabrrsr�wemn�a erKl aprsss wld�Brnefk�ary,Ha auccessora and isalyn�tl�t 7hulb�owna fM 71+�at Pr�a�pry 1}N hon�ny pdo►INi
<br /> w enaxnbra�,thM MNS De�d d Aust 11 and w!N rsmal►►e vaNd and erMbmsaDA1 Mat Nen on tlro Avst Prqpsrt�Ulat fi+slnS K/h u�pnsK wiN
<br /> - pr�eNw s�udr etle and wM nshhh thb Desd d Aust as a f�iat a►d paramaxet A�en u�sa�the flvat Propnry end wN!Mii�rw�xvrht and diMind tM
<br /> . wYa►ry anar piiorky a na Ke�n neroa eyrr►st nw c1slnu a aM pe►aons d►d parerss whomaoewr. nusior et►t�e�nsa w�w cwss ara oud a Awr,
<br /> end eec�amonaYnent or�uqolement he►et�ro be fi�ed and►ecom�s�d as a mat�pe�pe d the 7lust Propery!n such rnrwiei►rid in aucA Aq�os�nd w�lr
<br /> atis�«xron es�a►e on�a►a nv�ros�►ar n��r�r�ed nr�+r aos�r or nm,�s�v�aae�ro�mahra��►ar�uns�n a a,+�a.d
<br /> ol 11un,rs fhs aarn�mey De emeridod a suppler►�►kd hom tlme M tlrna AusAx wlll meks sudr furfMr essrrrwe a�s�rrsca to P��lts tifN b
<br /> __ . a�e Rusr rrope,y as may be reyurrea ay 9enerklery. Tlosror nereby ieMqulsnea t+x dgne d ao�,�e►end norneslead�n sad ro a�e Ausr Prope►ry.
<br /> _=---= 2 Feymerx a rndeDteaY�ess liusror ana►�PunduaBy pay rhe princyxr a amd hteresr on the lndeWeat�ss aecursd henrDx
<br /> ___-_._.� 3l ConsbucLron d/npraernerqa Dustor shaN comple(s!n good arM w�abnanlika mertner a►ry bvlldh►D�/mprov+�n�ents or rop�FS ssJWiny Qiw�o wi�kh
<br /> ��-"�`� maY ba bsyiw►on the filsf Aq�e�ty or oaKemplekd by fhe ban evldenCed Hy 1fM Nols aeCUnld her6by�lo py when dua YOOOfe and YbNiQes
<br /> -�_�'�i� k►Cwied B�erolbra�nd not ro PBm�M ary conshuctlon Nsn aq�ekut auch Tl�at Pmperry.M lhs euent oorrshrwtlon d buYfainD�hyoiorsrrMnta a+sPehs
<br /> -_,;-�;, a�s cbn�►np�,d, n„�a a�,o a�ree��rtnrna�,mrs oead a nusr a n►e cama�y nocwrn�snrrarny:f�l w wo►►�N ca+xsnnc�ry aua�wnrk.n�r a
<br /> _;:-�J�{,�' rQ)cnn�ep the Propa7ed knpro�nenta Pron�ptAt(b)to cor►�olel�9 fhe samB 1n aCCOrdAnCe wMA fhe A�ns!v!d 3oecHkaGOt►s af�pA'aed 6Y 8�►�e1'icNry:
<br /> con�oly wifh eN ehe tem�s d a DuHa1h9 lban ap►eernent N anys beMeen Auator and BenelkJuy,tl►e terms d whkh en h��aporaASd►�ersln by
<br /> _��'f rsAersnce ar►d meuF,a pen hereor.(d)Ao aAiow eenelrcrmy to lnspect Me aust Prope►ry et en Mnes dutir►D consauctbn,er,d(e)rn ieplaw eny►+nrlr a
<br /> - - .,�...,J.�.--- -- - --- - -
<br /> �rri...-w �i••M•••o•�••••••vj iiiuws nitoetr j to%Vaya bt`ttlr w�!lIR7 11004�1(OlI7 UBlfaflCle/Y Of dUC1113G'L . .
<br /> _:;� 1. Fw+ds ror AyrnerM a d,argea sub/ect M eypFcawe raw a ro e wrirMn wanvr ey eeneflc/ey,Iivsror anen pay ro 6erbric;ay or,aw nrar day d.ecA
<br />,.,�j�,._��� morkh,a auch oMer dats each rrwnth es may be apecH+ed by Bene/kkry,unNl Me InafebteaF�ess h pald h fuN,e sum(henMefiiar ceAYd d+s"funda')
<br /> .-_�```:�s eqad to t/12th d the ynary te�s end essessrnents whlch mey etta/n prt�xry aer thls Deed d 7rust artd paxW rents on rt�e Aarsf PiopMYx H enx pNrs
<br /> �;,-�i.,.� 1/12M d the ysery premlum inste/Mier►ta br hezerd lnsuro�ice�pfus !/120h of the Y��Y P+��um instaMmerMllNr mort;�lg�s Nsv�MC�Y any�eN as
<br /> '_ �t;:., reasanaDly esumat�ei hmawy end hom time ro artn ey Berrel;dery an me bas�s d essessments and blws snd reasonable aam�a[rs tl�eroal. 7Ae Fi,nds !--
<br /> ^;,�: . ahaN be heAd!n an l�is0'tutlon.fhe de�oosNa w eccounts d whJch a.s Inwrod a guarerMSed by a kd�sra/a atNs aDe+x,Y hcludr►9 Ber�c►ary:
<br /> ;=: :��f =
<br /> 6eneflct�ry sAeN qq�ly Me Funds ro pay aeld taxest asseas�r�tst Inswence Exemlums and g�owxl reM�BenNiclery ohaN mt be iequNed to pay _
<br />- ' 1Fusror any kMerest or eernk►gs on Me Funds Beneliclery ahaM yAe tu�usta,witliout charp�m annual eccounf�d U►e ilndb drowhp anaN��r►d
<br /> U►
<br />- - .=y, abblts ro h�s Fur#�and Me purposo Aw whlch eech aleWt ro the Furrd�waa muaM�INe Fieeda ere plbdyed aa adaiNond seaiiry br the lnaMbkarbas
<br />. ,. +secursd Dy M!s Ueed d Trost B the emount d Ms Funds Aeld Dy BeneBc/ery�togeM�er wiM Me futwe monfhly lnstaMm�n[s d Funda pa�ab)b pWr p
<br /> .: the alre d�lbs a twea essessmerM�lnsurenee Wendums and ground ren►�ahaN e�rt.�eed fhe emount requked ro pay aald tue.�essessment;
<br /> �`:r�- /nturan�.g prortNums n�d prourM renfa es tl►ey feN duet such ex�sss sMN ba a[Trusfor's opUOn.elfher prompty repeld to 7/uslur a c�saFlsd Ib 11u1M►
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