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<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST, made this 2�th day of December 1999 �
<br /> byandamong Branden L. Friedricksen, a sing e person C�
<br /> (herein °Trustor")• and Jerry J. Mi ner, mem er o Ne ras a ar Association �
<br /> , whose mailing address is ox ran s an
<br /> (herein"Trustee"); and Associates Financial Services Company Inc.
<br /> whose mailing address is 2014 N Lawrence Lane, Grand Island NE 68803
<br /> (herein"Beneflciery"). :
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE,for the benefit and security of Beneficiary under and subject to the terms and conditions of this Deed of Trust,the :
<br /> following described real property,located in Ha�l County,Nebreska:
<br /> All that cretain property situated in Grand Island in the County of Hall, and
<br /> State of Nebraska.
<br /> Lot One (1), Versaw Subdivision, Hall County, Nebraska.
<br /> TOGETHER WITH, ell rents, profits, royalties, income and other benefds derived hom the real property; all leases or subleases
<br /> covering the reat property or any portion thereof, now or hereafter existing or entered into, and all right,title and intarast of Trustor
<br /> thereunder, all i�terests, estate or other claims,both in law and in equity,which Trustor now has or mny herae�fter acquire in the reel
<br /> property; all easements, rights-0f-way,tenements, hereditaments and appurtenances thereof and thereto;nll oil and gas rights and :
<br /> proffis,water rights end weter stock; aU right,title nnd interest of Trustor, now owned or hereafter ncquired, in and to any land lying
<br /> wkhin the right�f�uvay of any street or highway adjoining the real property; any and all buildings, foctures, improvements, nnd :
<br /> appurtenances now or hereefter erected thereon or belonging thereto, (herein referred to es"Improvement"or"Improvements");and :
<br /> any and all awards mede for the taking by eminent domain,or by eny proceeding or purchase in lieu thereof,of the whole or any part
<br /> of the renl property. All of the foregoing estate, property and interest conveyed to Trustee herein collectively referred to ns the :
<br /> "Property".
<br /> FOR THE PURPOSE OF SECURING:
<br /> (a) T a ent of in e dnes evid nce Trustor's note f e e herewRh in the principal s m �
<br /> _ '
<br /> �i�C �-►ousan� �our SHun�re� �irteen ancp .��lf'1��---------Dollars(S 4�41�.5z'�" �
<br /> together with interest at the rate or rates provided therein, or the principal and interest on any future advances evidenced by
<br /> promissory notes stating they are secured hereby, (herein"Note"or"Notes")and any and all renewals,modifications and extensions
<br /> of such Note,both principal and interest on the Note being payable in accordance with the terms set forth therein,reference to which :
<br /> is hereby made.
<br /> (b)The performance of each agreement and covenant of Trustor herein contained;and
<br /> (c)The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this
<br /> Deed of Trust.
<br /> A. TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS:
<br /> 1. PAYMENT OF PRINCIPAL AND INTEREST. Trustor shall promptly pay when due the principal of and interest on'the :
<br /> indebtedness evidenced by the Note,and all other charges and fees as provided in the Note,and the principal of and interest on any :
<br /> Future Advances secured by this Deed of Trust.
<br /> 2. WARRANTY OF TITLE. Trustor is lawfully seized and possessed of good and indefeasible title and estate to the Property :
<br /> hereby conveyed and has the right to grant and convey the Property; the Property is tree and clear of all liens and encumbrances :
<br /> except liens now of record;and Trustor will warrant and defend the title to the Property against all claims and demands. :
<br /> 3. MAINTENANCE AND COMPLIANCE WITH LAWS.Trustor shall keep the Property in good repair end condftion and shall not
<br /> commit waste or permit impairment or deterioration of the Property and shall comply with the provisions of any lease'rf this Deed of :
<br /> Trust is on a leasehold.No improvement now or hereafter erected upon the Property shall be aRered,removed or demolished without :
<br /> the prior written consent of Beneficiary. Trustor shall comply wdh all laws, ordinances, regulations, covenants, conditions and
<br /> , restrictions affecting the Property and not commft, suffer or permit any act to be done in or upon the Property in violation of any law,
<br /> ordinance, regulation, covenant,condition or restriction.Trustor shall complete or restore promptly end in good workmanlike manner
<br /> any improvement on the Property which may be damaged or destroyed and pay, when due, ell claims for labor performed and
<br /> materinls furnished therefore and for any alterations thereof.
<br /> ORIGINAL(1) �
<br /> eo�e7t REv.��-os Naeras� BORROWER COPY(1) oo�sy►•w
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