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<br /> �. .. NEBRASKA ...�: � �
<br />_, � SCCONO n�Ea OF TRUST � N R'' �.
<br /> � • (He.a. IAat1) , �
<br /> � f" 7h(s Second Deed of Trust (this 'Second Dead of Trust"1,Is made as of Dec. 12 199, laY and among �_
<br /> Mario Salazar and Paulina Salazar� Hueband and Wife, Ae Joint Tenants �..�j�:
<br /> lTru t o r"I,�nrh oS e m a i i�n p a d d r e s s i s 1 0 8 E a s t 1 4 th Street. Grand Island, NE b8801 �
<br /> . ._ Commercial Fe dera� Han K, A �•Trustee") , whase mailing address is
<br /> Federal Savinga Bank , Nebraska; and Nebraska Investment Finance Authoriry c
<br /> '. � � ("Beneficfary"1, whose maitinp addrass Is 200 Commerce Court, 1 Z30 0 Street, Lfncoln, Nebraska 88 508-1402.
<br />_ ' .� , FOR VALt1AeLE CONSIDERATIQN,Trustor irrevocably transfars,conveys and assigns taTrustee,IN TRUST,WITH POWEH
<br /> + OF SALH,for the benefft and security of Beneficiary,under and su6Ject to the terms and condttions of this Second Daed of Trust,
<br /> the real property, lepally described on Exhibit A attached hereto and incorporated herein by reference (the "Property"l; and
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<br /> •� TOGETHER WITH,all rents,profits,royaltiss,fncome end other benefits derived trom the Property Icol lectively,the'rents"1,
<br /> . all leases or subleases coverinq the Property or any port(on thereof now or hereafter existing or entered into, and all rieht,title and
<br /> interest ot Trustor thereunder, all right,title and interest of Trustor in and to any greater estate in the PrapertY owned or hereafter
<br /> acquired, ail interosts, estate or other claims, both in law and in equity, which Trustor now has or may hereafter acquire in the
<br /> ____ Propercy,ali easaments,riphts-of•way,tenaments, heraditaments and appurtenances thereof and thereto,ell water riphts,all rfght,
<br />"' tiile and interesst of Trustor, now owned or hereafter acquired, In end to any tand,lyinp w�tnm tna rigi�aor-wey of any suna's or
<br />- highway adjoinin� the Property,and any and all alteys and strips and qores of land adjacent to or used In connection wtth the
<br /> Propert}r,and any and all buiidings, fixtures and Improvernents now or hereafter erected thereon(the'Irnprovements"),and all the
<br />�� � • estate, interest,right,title or any cla(m or demand which Trustor now has or may hereafter acquire in the F'roperty, and any and
<br /> � � all awards made for the taking by eminent domain, ar by any proceedinp or purchase in lieu thereof, of the whole or any part of
<br />� , the Trust Estate, includinp without limitation any awards resulting from a change of prade of streets and awards for severance
<br /> damages.
<br /> Yy' � The Property and the entire estate and interest convey9d to the Trustee are referred to coliectively as the"Trust Estate'.
<br /> , . .•,
<br /> - . . . Fw tne Purposs of Securiny:
<br />�'�''•t�c+4'cip
<br />_. . ° • A. Payment of i�debtedness evidenced by any promissory note of Trustar in favor of Beneficiary;and
<br /> '•� � � B. Payment of ail sums advanced by Benef(ciary to protect the Trust Estate,with interest thereon at the rate of
<br /> ' " � sixteen percent t16961 per annum.
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<br /> ��;.. The indebtedneos described in paragraphs A end B abova is referred to as the'Indebtedness."
<br /> .:
<br />�� This Second Deed of Trust, any promissory note of Trustor in favor of Beneficiary and any other instrument given to
<br /> ,w_ evidence or further secure the payment and pe�formance of any obllgatlon socured hereby are referred tocollectively as the'Loan
<br />- Instruments".
<br /> Trustor covanants that Ii) 7rustor halds title to the Trust Estate and has Iawful authority to encun'�ber the Trust Estato,
<br /> (ii)the Trust Estate is tree and clear of all Ifens and encumbrances except for easements,restrictions and covenants ot record and
<br /> the Deed of Trust from Trustor encumbering the Property dated on or about the date hereof (the "First Deed of Trust"1, ar�d
<br /> .
<br /> (iiil Trustor will defend the Trust Estate against the lawful claims of any person.
<br /> To Pr�tect the Securtty of thli 5econd Deed ot Yruat:
<br /> 1. Payment of/ndebredness. Trustor shall pay when due the prfncipal of,and the interest on, the Indebtedness and
<br /> all other sums as provided in the Loan Instruments.
<br /> � NIFA 2/96 -
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