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<br /> 9�_ �1��62 naFD OF TRUST
<br /> 1998 by and amonB GI Cherry
<br /> THIS DEED OF TRUST(s made as of the 15th day of Dxemlxr� �
<br /> Puk,Ltd.Two,a Nebraska limitedpanaersho nts Banlc�a b�anrin8 aYSC�ciatlion a("�Tnistee')1 w'h maii ng add�essY� � i
<br /> Suita 303,Lincoln,Nebraska 68521, F � ;
<br /> plamd�Nebras'�ka(rBenefic�aryNewh kse m���B�d e sCs P.O�Boa 1968e1Grand bland�Nebr ska 681802 1968. �
<br /> le ,
<br /> FOR VALUABLE CONSIUERATION, Tcustor irrevucably trwsfen, conveys and assigns to
<br /> 'Pcustx. Iir TRli ST,'�ITI:P(."•'•'EP QF cAr.F.;for the 6enefit and security of B�iKficiary,undor and subjxt to the ,
<br /> � ternu and conditions of this Deed of Trust,thC real property iacated�n arand Islwd. HaII Couniy,i3o�ras�, ��
<br /> legally described as follows(the 'PcoP��Y')� �
<br /> Block One (1), Gili Second Subdivision, City of Grand Island�Hal� County,
<br /> Nebraska
<br /> TOGETHER WITH, all rents. eat�ments,appurtenances, hercditaments, interesa in adjo�a��or hereafter
<br /> �llaye, improvements and buildings of any kind situated thereon.and all personal ProP�rtY
<br /> become an integral part of such buildings and improvements,and all water and mineral n8hts•
<br /> '�►��pmperty and the entire estate and intenst conveyed to the Tmstee are refexred to collcetively
<br /> u the "Tcust Estate."
<br /> FuR'fHE PURPOSE OF SECURING:
<br /> (a)Payment of inde6t�dness in the total principal amount of Four Hundred ScventY-Nine Thousand
<br /> Seven Hundred Dollazs(5479,700), with interest thereon,as evidencal by thu certain promissory note of
<br /> even date herewith(the'Note') wich a maturity date of December 15,2013, �x�uted by Trustor,which has
<br /> b�en delieered and is payabie to the order of Beneficiary,and which by this nference is heceby tnade a part
<br /> heceof. and any and all modificattons,eztensions and renewals chere�f; and
<br /> (b)payment of all sums advaaced by Beneficiary co protect theTevst Estate,with intereat thereon
<br /> at the rate of ten percent(10%)per annum.
<br /> This Deed of Trust, tt�e Note, and any other instrument given to evidence or further sscun the
<br /> ° payment and performance oY anY obligation secured hereby ace referred to collectively as the "Loan lnstnttnents."
<br /> TO PROTECT THE SECURITY OF'fHIS DEED OF TRUST:
<br /> 1. Pavment of]ndebtec�^P�a' Covenant of Title.
<br /> — (a) Trustor shall pny when due the principal of,and the interest on,the indebtedarss evidenced by
<br /> -= dic Note, charges,fees and all other sums as provided in the Loan Instruments.
<br /> - ..._.,.�,..
<br /> A (b) Trusror her�by covenants with Beneficiury that Trustvr is lawfuiiy seiud oi iuc����••���•��,
<br />- conveyed, that Trust4r warrants and will defend th� title to�he Propedy against the law T1�s o further
<br /> persons whorosaver,and that Trustor has the right to gr.�nt and'�co��rtg�ep°�Srtdeed or contract to
<br />- covenants to comply with all che terms and provisions of any p '
<br /> purchase, upon the Property and to make all payments chcrcon before they become delinquent.
<br /> 2. Taxes. Trustor shall pay exh installment of all caxes and special assessments of every kind, now or
<br /> �, hereafter levied against the Trus�Estate or any parc thcreof,before delinquency,without notice or demand,and shall
<br /> provide Beneticiary w[th evidcnc�of the payment of samc. Trustor shall pay all taxes and assessments which may
<br /> be levicd upon Beneficiary's interest herein or upon this Deed of Trust or the debt saured hereby without regard to
<br /> `# any law that may be enacted offering payment of the whole or any part thenof upon the Beneficiary. Tn�stur shall
<br /> .�� gir•c wri[tcn noticc to Bcneficiary prior to the dclinquency dat�that all such ta�ces have becn paid in full. [n thc cvent
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