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<br /> V1lHEN REC�RDE❑ MA�L Tt]:
<br /> FIrst Na'�lvnal 6�nk of Ornaha
<br /> �raa�ch#07� �Grand�s�and Br�nch
<br /> 8'1� �4llen�r
<br /> �rand�sfand NE �S 8 D 3 FQR REC�RDER'S USE�N LY
<br /> F�r '
<br /> � � ���� ��
<br /> � �$�009�azo���
<br /> C�EE� C]F �RRJ��
<br /> �A�IN1UIIri LIEN. The [ien of this Deed �f Trus�sha[1 naf exceed at any one#ime �'I�,�p�.��.
<br /> THI� QEED OF TRUST is dated Septemb�r �8, �U'15, amvng 11�1�n�e L. S�hoenstein and Nlaurine
<br /> S. �choens�ein; Husband and �Ill�fe �"Trustvr""�; Fi�-s� Natianal �ank af�maha, whose address is
<br /> BraMch ##��U - Gran� �sland BranCh, $'I Q AIler� Dr, Grand [s�and, NE �S8U3 �referred ta below
<br /> sometimes as "Lender" and some�im�s as "Benef�ciary"}; and Firs� Na�ianal Bank vf �]maha ,
<br /> whvse address is S'1 D �411en Dr, , Grand Island , NE �88�3 �referred t� ��l�w as "Trust�e"}.
<br /> C�NVEYAN�E AND CRANT. For rraluable�nnsiderativn,Trustvr G�nveys t�Trustee in trust,1N[TH POWER�F SALE,
<br /> for the benef�of Lender as Beneficiary, all vf Trustor's right, �itle, and �nterest in and tv the fv�lowing described real
<br /> p�vperfy, tage�her with al� existing or subsequently e���t�d �r a�fixed buildings, irnpro�em�nts and �ixtures; all
<br /> easements, righ�s v�way, and appurtenanc�s; alf wa�er, v►ra�er rights and ditch righ�s �including s�ock in utilities with
<br /> dit�h vr irrigation r�gh#s}; and a�l other rights, royalties, and profEts relatin to the real propert , including without
<br /> limita�ivn a�l mine�-als, ail, gas,geath�rrna�and sirnilar matters, �the '"Real �r�per�y"� �v�ate�i� HCall Cvur��y,
<br /> State �f N ehras ka:
<br /> Lot Fi�e �5}r Bla�k Six �6}, ir� �chimmer's Addition to �he city af Gr�and Island, Flal[ �aun�y,
<br /> Ne�r�ska
<br /> The Rea! Praper�y �r i�s address is c�mmonly kna►nrn as 719-7�'I W. 'I�th, �rand lsCandr NE
<br /> ���V�r
<br /> Trustor presen�[y assigns tv Lender �alsv known as Beneficiary in this D�ed vf Trust} all of Trus�or's right, title, and
<br /> interes� in and t¢ a!I p�esen�and �u�ure leases vf the Pro�erty and all Rents from �he Praperty. ln additfon, Trus�ar
<br /> gran�s�a Lender a Unifarm Cvmmercial Cod�security interes�in the Pers�nal Prvperty and Ren�s.
<br /> THIS DEEO❑F TRUST�1N�LUI3�NG THE ASS[GNMENT C3F FZENTS�4Ni]THE SECUF��TY INTEREST IN THE RENTS AND
<br /> PERS�NAL PRQPERTY,!S GiVEN T�SEGURE �A� PAYMENT�F THE 1NDEBTE�NESS AN❑ �B] RERF4R�IiANCE�F
<br /> ANY AND ALL �BLIGATI4NS UNDER THE NflTE, THE RELATED D��UIIIIENTS, AND TH15 DEED �F TRlJST. THiS
<br /> �EE�OF TR�ST 1S GIVEN AND ACCEPTE❑�N THE FQLLC]W�NG TERNlS:
<br /> �RUST�R'S REPRESENTATtC3N5 AIVD VYA�tRANT1E5. Trusfar warran�s �hat: 4a} th is aeed of Trust }s executed at
<br /> Borrower's request and nat at the request❑f Lender; �b)Trustor has the full power, right, and authority�v errter inta
<br /> this �eed vf Trust and fio hypvthecate the Properky; ��} the pro�isians v�this Deed of Trus�da nv�conf�ict with, ❑r
<br /> result in a defau[t under any agreernent ar ather instrumen�binding upon Trus�or and do nat rasu[t in a�io�atian vf any
<br /> law, regu�ation, cvurt decr�e❑r order applicable ta T�ustor; �d}Trustar has es�ablished adequa�e means ❑f obtain�ng
<br /> fram Borrower on a Continuing basis infvrmation about Borrower"s finan�ial condition; and �e} Lender has mada no
<br /> representation tv Trustvr abvut Barrower tincludin�v�ri�haut limitation�he crediiVvarthiness of Borrawer}.
<br /> TRUST�R`S WAIVERS. Trustar waEWes afl righ�s vr defenses ar`ising by reasan v�any"ane action"or"anti-deficiency"
<br /> law, or any a�her law which rnay pre�en� Lend�r frvm bringing any action against Trus�ar, in�lu�ling a claim for
<br /> deficiency to the extent Lend�r iS atherwise entitled to a��airn f�r defc�ency, be�ore or a�ker Lender's commencem�nt
<br /> or c�rnpietion of any fore�lvsure aGtion,ei�her�udicially�r by exercise vf a power vf sale.
<br /> PAYMENT AND PERFC]RIWANCE. Except as❑�herwise pro�ided in this Deed o�Trust, Bvrrvwer shall pay ta Lende�r all
<br /> �ndeb�edness secured by th�s Deed af Trus� as it becomes due, and Sarrvwer and Trustor shafl per`fflrm alf th�ir
<br /> respecti�e obligations under�he Na�e,th is Qeed of Trus�,and the Rela�ed Docu ments.
<br /> P�SSESSI�N AND MAINTE�IANCE �F THE PR�PERTY. B�rrower and Trustor agree that B�rrower's and Trustar'�
<br /> possession and use❑��he P�operty shaff b�ga�erned by the�o�lowing prvr�isians:
<br /> Pvs��ssivn and Llss. lJntil �he accurrance af an Euent of Default, Trus�or may �1} remain in passessian and
<br /> canfrai af the Pro�erty; �2} �.as�,apera�e or rnanag��he Proper�;and �3� �v[fect the Rents from the Property.
<br /> C�u� to 1Vlain�ain. Trust�r shall rnaintain �the I'raperty in #enantabfe conc�itian and pramptly pertarrn al� repairs,
<br /> replacements,and mainfienan�e necessary tv preser-�e i�s value.
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