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<br />�_;:;,., Deed of Trust � -
<br /> y,y y�, dANKS � --
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<br />_'�;r.: , ^ ' ' THIS DEED OF TRUSTls mada thls (d+tel ��-��199? ,by end hetween — �'
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<br />�%"„"-.f'r:i
<br /> • � - whethsr one or mors, Iherelna/ter es//ed the �
<br /> �3� :��;•
<br />�T�� � . �� 'Truaror'1,whoae msl/Iny address!a �
<br /> �! �"�� , �ana ni r� trn ir Read Orand I eland�NF 6880� —•
<br />- � h +ka u�*+^^�� spp^^{�t�o^ (hrrelne/srci/bdth�•Tiusta�'l,whosem�illnp
<br /> ivorwee'r,�enk�L7Ce���.-
<br />�' ' ' �ddresals drand Ialand.. NN: 69801 ,and
<br />'� ''"''� .,_�t...,s i n o oe,e i a��on ,fhersinifter ciHsd the 'BeneBcl�ry'1,whose
<br /> . Normeot Bank,��kb., - —
<br />- ' _ << � mddnpsddru:ls?ni �oaL ThirrLStraet (3rand Ieland N 6A801 — _
<br /> ' . , W/TNESSE7N.•
<br />.? lF THJS BOX lS CHfCKEO Q THlS DEED OF TRUST CONST/7UTES A CONSTRUCTlON SECUR/TY AOREEME'NT UNDER THE NEBRASKA
<br /> � CONS7RUCTIDN L/fN ACT AND CREATES,QRANTS AND CONS�ITUTfS A CONSTRUCTION SECURf�Y INTEREST/N THE PROPERTV
<br />�=' ��� • DE3CR/6f0 HERElNBELOW.
<br />;f�,,. . ..
<br />=—;_ - WNERFiiS, Tiusfur ia%,7d�btsd ta B:r.aflc!^ryln the pr/ncJpaJ sem of _ ..---
<br />;.�'. QIIa_ � ��00 -
<br />��� Dol/ers!8 y�Q,000.DO l, whlcA lndebtedness la evldenced by Tiustor s p�omissory nofe d�tsd ��-��-1497
<br /> a�.:.• . . •
<br />�� � • Iherelnsker called the 'Nots'1,peyebls to the order of Banefic/ery end hav/np e metwity of 01-15-20Q� ---
<br />�' "t" NOW, 7HEREfORE,tor tho pwpose of securinp:
<br />- (sJ F�Ym�nt o/the Nots,topsther with l»terest thereon,lete chsiyes,piepeyment penalNes,eny lutur�adwnces,ind ell sxt�nslons,
<br />- �' ' modif/catlons,substltutlons snd ienswsla hereo%
<br />�= • •• . fbl paYm�nt oJal/othor aams,faas or chsryes,toyether wlth Intsrest tAeieon,�dvanced to protect the secwlry of thls Dsed ot Tiust snd
<br /> y,,; . � ths pu/ormxna ot the covnnants end ayreements o/Tiustor,whsther nr not set forth hereln,
<br />_ � ... .. (cJ p�r/arnanc�, dltcharps ol�nd conrpl/once wlth every te�m,cavenent,obllpedon snd sy�eement of Tiustor conts/ned herefn or
<br />- lncoipor�t�d byreference or any ofhe�securlty inshument el anytJme glven to securs the Note,and
<br /> � (dJ ths ispayment ol sl/othsr aums or/utuie edvancea,wlth lnte�eat therean,whlch msy heretoto�s heve 6esn or heresfter be sdvinced by
<br />" �� � � ,=- Ben�//c%ry to Tiustor or Tiustoi s succesaor!n lnterest or tlfls,
<br />='-,�=p.-. y��� oll ol which!s hardnslbr co/%etively cel/ed the'/ndebrodness', Tivstorinevocab/y yi�nta snd trenslers ta Tiuttai,in trust, W/7H POWER OF
<br /> . SALE,th�/ollow/np deacrlbed property:
<br />_ f
<br /> - - • L�t Eighteen �18) and Nineteen (19), in Block Three (3), in 3outhera P.cree, an Ad�li.t�nn tn _
<br /> the City of cirand Ieland, Hall County, Nebraeka
<br />-i'= .
<br />�.,
<br /> foysther with f11 d!bulldlnps atroctures,addltlons,enlarpements,modl/lcallons,repa/rs,replecements,ind lmprov�monts now ai heisafto
<br /> � .�,,,,,F,�w, locattd thereon, (11!ap equ/pmenf,mechlnery and fJxtuies(lncludlnp,wlthout llm/teNon,a/l IlyhUny,hestinp,venNlat/ny,coo/lny,s/r condltlonlrtg,
<br />_i.,:.._. _.`;° ' apdnkllny and plumbiny Ilxture�, wstnr and power system:,enylnes,botlers,ranyes,ovens dishweshe�s,mlrrors snd manro/s,caipetlny,
<br /> - � /urnsoes,oll6urnora, elevatas end motors,refilyeredon plants or units,commun/cetion aystems,dynemos,trensloimors,elsetrJcal equ/pment,
<br /> stoim end scieen w/ndows,doors,ewnings and shadesl now or hereelter attached to,or bu/lt!n,any bul/dlnp lmprovement or lmprovement
<br />- �• now oi heresfter/ocated thereon, d!!1 eN essnmsnts and rfghts o/way eppurtenint thereto, !!vl allleaseho/d estet�,dpht,tltla�nd lnte►est of
<br /> Tiu�tor/n end to ell/eeiea,whether now or hereafter exl�Knp or entered lnto llncluding,wlthout/Imltstlon,al!csah end secudty dspoa![s,
<br /> „ a edvence rentefs end deposlts or paYments of e s/m!!er namrel,peiMJnlnp thereto, fvl a!l�ents,Issues,profits and lnaome thers6om(sub/ect to
<br />_ the r/yht nf Tiustar to c�v/lect ar,d epp/y such�ants,lssues,pro/Ra end lncome as they become due end psyable so/onp es no event of de/sult
<br />- �; exists hereundeN,Ivq all royeltles,mineral,oi/and gas rights end prollts,wetei,weter rlghts,end weter stock,fvll/el/tenements,
<br /> � heied/tements,pr/v/lnyes and eppu�lenences belonginp,used oi enjoyed In connectlan therew/th,and(v!!p a!!proceeds o1 convers/on,voluntery =
<br /> ' orinvoluntery,of eny of the lorepo/np Info cash or/lquldated cfalms(lnc/udlny,wlthouf/imlfeNon,proceeds o//nsurence end condemna�lon
<br /> awerdsl,al10l which!s hereine/ter collectively colled the'Tiusf Property'. _
<br />� TO PROTECT THE SECUR/TY OF THIS DEEO OF TRUST, TRUSTOR COVENANTS AND AGREES AS FOLLOWS: _
<br />- 1. Thh. Tiusroi coven�nts,warrents end agrees with Benoficiary/ts successo�s and assigns,that Trustor owns the Trust Property lres/rom any °
<br /> , prioi//en or encumbrenee,that rhis Deed ol Trust!s end w/!/remai�a veHd end enfoiceab/e first Nen on the Tiust Property that Trustor, et!ts
<br />" oxponse,will pioserve such tiNe and will mnintain th/s Doed of Tiust as e/lisf end paremount llen upon the Trust Property and will forever
<br /> warrant end detend the val/dity ond prlor/ry of the llan horeol against the cfelms o/all persons and parties whomsoever. Tiustor,et Its expense,
<br />-• w/N ceuse th/s Deod ol Trust,end eech emendment or supplement horeto,to bo!iled and recorded as e mortgaye o/the Tiust Pioperry!n such
<br /> manner and fn such p/ace and wlq take such ocflon os in tho op/nlon o/Tiusteo may be requlred by an y piesent or future law!n order to perlect,
<br /> _ __.—_.._. ........._ __..___.__..a_if�....r.tir.n..e.I..f T...or n�rhn aomo mnv ho mm�ndnd ni ciinnlnmentud f�nm lima ln IImB. Ti�cefai w/l/maka such
<br /> ._. . . _ . . -.� rnomminanaprv.ou. ...o...................__'. ..__..-- ..._'_..__ . _. . . . .,., .
<br /> • � /urther assurenco or assurences ta pedect its tltle to th�Trust Pruperty as may bo roquirod by Beneficiary Tius(or hereby re/lnquishes of/rlght of
<br /> dower end homostond in end to the Tiust Prope�ty.
<br /> � I 2.P�ym�nt o1 lndrbt�dn�r. Tiustor shell punctually puy the principal of end interes!on the/ndobtedness secured hereby.
<br /> 3. Conshuothn ol/mprov�nf�nt�. Tiustor sho//comp/ote in good end wnrkmon/ike mnnner eny buildings, improvemonts or rnpairs relating
<br /> ' thorato which mny bo begun on the Tiust Pioporty ur contemp/ated by tho loen ovidenced by the Note secured hereby, to pay whon duo e/l
<br /> � costs and liabpitlos lncurred�herelore,nnd not to pormit any consbuction llen oga/nst such Tiust Property.ln�he evont const�uction of
<br /> i bui/dinps,lmprovomonts or ropalrs ere confomplated, Trustor also ogrees enyth/ng in this Deed of Tiust to the controry notwithstending;fo/►o
<br /> prompUy commonco eny such work and to compote tho proposod improvomonts promptly, fGJ to comploto the seme in eccordance with fho
<br /> ! p/ans and speclfications as opprovod by Benoficinry, (c!(o comply with eH tho toims o/o building loen oDioomonf,!1 eny,boe'woon Trustor and
<br /> BnnoLc%ry,thu torms ot wNich me rncorporetod herein by�elpipnce end meda e pr+rt hnrnof, Id/ta ellaw Benulrcisry to inspect tho 7}usf
<br /> ' Propoity at al/tlmos dwing construction,and!o!to rop/nco nn y work or.matorials unsotis/ecrory ro Bonefrciory within liftaon 1151 doys afrer
<br /> ; writton notice(iom Benoficisry of such/nct.
<br /> � Paye 1 oI 5 f
<br />- NI I7R78 Mi0 l7-96�(G?R i?�J7 NFRRASXA ON(Y I
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