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<br /> ` 2kLh �y Qf November 19 97 --1iY F -
<br /> � �EII3 DEED OF TRUS�is made as of whase ma�lmg adfice8s is ��'�'. -
<br /> • xdfire _
<br /> and amang MONTY J SADENFEI�DT and AI3N M. HADEDt1�ELDT. Husb�4�1. r
<br /> 4228 IItah Ave. 6rand Island NE. 68803 x -
<br /> .. - • (°15mspee°),whose ma�in�o dresa i� ��L� F• �� B��R 2608 W. 02d Fair Road Grand � _+_
<br /> °�"� Isiand xe. 688 3 ("Bene6�+a��'� . E� �.
<br /> ....•.
<br /> f:r,. �
<br /> ��`� �` 4444 �3. 13th Gran Island NE. 6880 .
<br /> '� whnse ma�ing arl�ss ia F...�--_
<br /> _ . --;�,.�::� w qSmsL��'rR08'�WTI�i -_—
<br /> .. �� �;'�'�' FOR VALUASLE CON3IDERATION,����9 uansfese.o�nvepa snd a�� --•---
<br /> ;•s• uaderandsubjeetLothetemnsandc�nditinnsuft�isDeedofR'rust, �-;�,,,r.:r -
<br />_ .'`>;.:�..'�c_'^. .�"-�" PpWL�R OF 3AL33>for f3ie benefit and secusiLy oFBeneficiat9, �tq oq �� _ - ..
<br /> �= • located in the City of �Y�d Islaitd � `:�
<br /> . the a�eai P�P�1 t .3tate of Nebraske.anrl legaIIY descn'bed as fallmva(the"Propartg"). �
<br /> • �, :- -
<br /> �°•- . ° '==;' Lot Ffve (5), Westgate Sixth Subdivision., in the City of Gsand Island, _-
<br /> . , .. � ga11 County�. Nebraska hereditaments,���01���'��and a11eYe. -
<br /> � . , .. .� TOGET�tVi'PH,aIl rente.ea�emente.aP4nrteaa�� tdiatma9beorhereaiterbeoome aninLeg�'al --
<br /> �� '' is andbnildings of�ny�dad sitaated thereon and all personat praP�ty► .
<br /> �•` � � emeats,aIl ceflPs rai�ed thereoy,snd all wates ti�te. ----�
<br /> , •.'•r.-�;i.; •:� of ench b�nldings and�mPT°v to c'AltecticeIY�s the'°T[4&Y Estate°. c'_ -__
<br /> '., , •.}�; ,. ; The Pcoperty aad t�e entire estate and interest conveyed to the Trusbee are refes�d . --- =-
<br /> FOR Tf�PURPOSE OF SECURtNfr �-._-:�--
<br /> ' � � c i a l a m o n n t o 4$�.S O OO.�D . vrith inbar�st ther�ta.as evIden�Bq that ,"
<br /> , . a Pu9ment of indebtnesa in the t o t a)P�p�vitli e maturi date of Novembex 1 200� - _
<br /> . n nate ofeven dats(the°Note) � which tane refferenCe is l�eb9 �� _..-
<br />- - �? �• aestnin Pmm�ss rY sbte to the ordes of BanefidaiY,and t+9 e ..°
<br /> �4►Y Truat°r•whieh t�as beeu de}ivered and ie pay ���-
<br /> ' ,� made a garL henw�aad any and all madificalfons,est�n�ns aad reaewaie thmreo�and '� ," ''�-_
<br /> ' '. ,,:f. ' h. Yayment of all sams advanced by BeneB�iar9� Dmted the T:ust Estate.with intesest the:eean at t3�e nate of __�, _ --
<br /> � `'� Ei�ht 'percent ( 9 �/o)per�num,and , . '
<br /> c.49ie perfor�anee of Trusto�a cavenanta and agc+�ementa �� �=
<br /> ' other tnstrnmeat gi�en to evidence or fiuther secare tI�e DaYment ead i
<br /> � • . ... ' *�;: 7�is Deed of Trust, the Piote. ead anY � -
<br /> ,. . • . performance of aay obligation secured hereby ex�seferred w collecttvel�p 9 DEED F��• �'-�-:�" ';-•�_
<br /> TO PROTECTTHL SEC[TRPfY a]o and the interest on.the indebte�daess r�.===�`-_ _
<br /> t. PAYMENP OF INDEBTEDNE53.Truator ahall pay when due the princ'ry � _�.�,_,._ -
<br /> `" �• . evidenced by the Diute,charge$.feea end all other sume as pravided in the Loan Inatrumeuta . �:_, .:' `
<br /> :�,: .. • 2.TAXES�'I3 ASSES511�NTS.Trustos ehall paY a11 tases and special assesamente of every kjnd.naw os heteafter tevied ��_.�.�.m
<br /> ;� _
<br /> �` against the trost estato or aay Part thes�eof as foIIowa: _ �F?�y f _.
<br /> s ;• al one) such tases, without notiae ar demaad as each iastaIIment comea dna end e�ll =_
<br /> ��.. .;�����;;,•, : �;�Trustor ehnU directl9 rieY entoft6eeame. ` `. '-
<br /> ri
<br /> • pravide the bene8ciary wIth evi�dence of the Pa3� � ,� �_
<br /> � Trustflx sball paY W beneficiar9 une-twelRh of the seal estate taaea��emta�cea eba�,;"e ana�tra�t°����t = .
<br /> tras .' .. •.:•.: :
<br /> , . .. �v they bewme due.The one-tcreLf�papment eI►all he ac�sbed a�.� aid ta Ben�r�asy.Benefidar9 a�� _' -'�-."=��
<br /> ' �Duyment of the taxes each year that any de8aencq arill be ymmptlq D
<br /> � to pravide trusWr with receipts showing that the seai estate taaes have beea paid ia full and cvhen due. *+�,_�^,--:.r
<br /> � 8. INSIJIiANC�AND REPAAI�iiS.Trustos ahall maintain 5re and estended covera�e ins�unnce insuring
<br /> the impravemente
<br /> . s
<br /> ' � and buildinga constituting po*t of the Trust Estate far au umount no less tdsaa the amount of the�u►paid Orinci��bala��� _ _
<br /> _ • Note tco-9nsurance no t ea c e e d i nS S4`k Pesm�?ted).Such��,TM,.,�policy ahall c�nfsin a etandard�:rt�e • .,.�.
<br /> � . � Beneficiary and aball not be cancellubte,G:zmina6le or madifiable witiwpt ten(thereof so�thaS.esceDt for o�Ittai9 wear and •+�: .-, �'. _-
<br /> ' ' Trustor ahaU promptly seyai�snaint,�ip und replaae We Truftt Estate or aay�art :;�:.. �.
<br /> teru t]�e Tn�st Estate shall r.ct�jeterldrate.In no event eball the Tru.4tar oommit waste on a�p��E������ ��i(�r:._
<br /> . , 4. A C T I O N3 AFF�CTih(3 TRIJST ESTATE.Trusws shall oppear in and contest anY � including cost of - -
<br /> . . • � aft'ect the security hereof or thc righta o=powers of Seneficiary or Tn�stee.and s h a ll pay e 1 1 co��� pD���a ZYustor ,
<br /> ' � evidenoe of tit2e and attorne�a fees.in any sucL action or procendia����B��y o������enfs,Beaefidar9 end/or .
<br /> � ' fa31 to make any PaYment or to do any nct av and in the P � � . �
<br /> � ��, � . Trustee.each in its own discr 1�ati ni mout �or do the es;me in euch manner end to such este�nt as eiAtli�r ma,y deem .•�• �
<br /> � • �. •• �leasing Tn�t�s fsom any ob�g . 8Y a aU casis aad
<br /> .�• � necessary to prntect the security hemoE Trustor c�hall,immediately upon demand theiefor$y BeneBcia*Y.�pcl without ,
<br /> •� ' . • . eapenxes incurted by Seneficiary ia connecteon�vir�ntsals.earve3+s and attomey's f�s.Any such caste and esPen�s�s�not paid ' .
<br /> � ' limitation coste of evidenco of title,court casts,opp
<br /> -� , .. . wfthin ten UO)days of written demund ahall draw interest a!��fe�f o intereat thee�eia,be�taken or damaged by reaEan of �
<br /> .: . , • 5. EMINEN'I'DOh1A1P1•Shovld the Trust Fstatc,or uny p .
<br /> . � . • . . any Public improvement or condemnation proceeding, or in eny otlles msaner �d��g��_��e�mD •
<br /> ("Coademnation').os f+hould TrusWr recaive any natice or other iafofmtiUnn tegurdinG �����
<br /> fm
<br /> . . . arritten notioe thozeaf to Beneficiary.�eneficiary shall 6e eaear in en pr�osecute'in ts own namee any uction�os P'acee�i�.
<br /> � themfor,ttnd shall be entitled nt its option W commence.npp -•-
<br /> '.� , ,� � Beaeficiury shall nlso ae entitled to make any mmpromise or setLlemeat in connectinn with Buch t�ng os dumIIge•A11 sucb .
<br /> rnmpensution.AtYIIttLS. dama�es.right�s ni nction nnd proceeds awurded to 1`rustur(tfie"Peaceeds")are hereby assigited to .
<br /> . . ' Bene�iciaiy and Trustor agrees to exerute such further as�ignmenta of the Proceeds us Seneficiary or Trustee maY re9uiro• .,
<br /> ;� .
<br /> .�.:.• ..
<br /> , •_ . •. � 6.FUTURE AUVA.'VCE5.Upon requeat of'iY►�swr,Beneficiury.ut$enefiariry�s uPtion,Drier to recoaveyance of the Ptogerty , •-
<br /> --=--. ,.,_----.._._,_- -- _ � w•�-y�r���nnk�fi�h,rP nrlv:mcea to'rrustar.Such future advunces,with interest thereon.ahall be secused bY Wis Deed of ..
<br /> • _ • . . I I t6 . _
<br /> , 'IYust when evidenced by promissory nute�statin�that said notes�re secure�hereby.
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<br /> � � � Rev.9195 ' �
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