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<br /> OEED tlF Tausr 90�" f 0 0 3 0 Q
<br /> rT'his Deed of Trust is made this �9 day oP ��c�'h�r , 19 89� by and among
<br /> � Eugene J. Penrose and Janice K. PenrosP, Fiusband an�`—
<br /> harai�:aFtcr refcrred �u oa TiuSiur, whuse mailir�g address is -• • a • �� � � a���
<br /> � Ne. 68801 ; AREND R. BAACK, Attorney at Law, hereinafter referred to as "Trustee,"
<br /> whose mailing address is P. 0. 8ox 790, �rand Islar.d. Nebraska 68802; ar.d HOmE FEDERAL '
<br /> � SAUINGS AND LOAN ASS�CIATION OF GRAPJU ISLANO, hereinafter referred to as "Beneficiary,"
<br /> whose mailing address is 221 5outh Locust Street, P. 0. Box 1�09, Grar.d Island, Nebr�ska
<br /> 68802.
<br /> � For valuable consideratior., Trustor irrevocably grants, transfers, conueys ar.d
<br /> assigns �o Trustee, in trust, with power of sale, fox the ber.efit ar.d security of 8ene-
<br /> ficiary, under and sub,ject to the terms ar.d conditions of this Deed of Trust, the fol-
<br /> lowir.g described property, located in Hall County, Nebraska, to-wit:
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<br /> � Lot Two (2), Connell Industrial Park Second Subdivision, in Hall County,
<br /> ' Nebraska.
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<br /> �--- � together with all buildir!gs, improvemerts, fixtures, streets, alleys, passageways, ;��;
<br /> � easements, rights, privileges ar.d appurter.ar.ces located thereon or ir. any way pertaining
<br /> — thereto, ar.d the rents, issues, profits, reversions ar.d the remair.ders thereof, ir.clud-
<br /> � i�g all such persor.al property that is attached to the improvements so as to cor.stitute
<br /> • a fixture, all of which, ir.cludir.g replacements ar.d additions thereto, are hereby de- F�
<br /> . clared to be a part of the real estate cor.veyed ir. trust hereby, it beir.g agreed that
<br /> all of the foregoir.g shall be hereir.after referred to as the "Property."
<br /> �. FOR THE PURPOSE OF SECURING;
<br /> � (a) the paymer.t of ir.debtedness evider.ced bY Trustor's �ote of e e� date herewith �
<br /> ir. the prir.cipal sum of One Hundred Twenty Eight Thousand and noy100------------- ' �
<br /> ($128,OD0.00 }, together with the balar.ce of such i�debtedr.ess, if r.ot soor.er
<br /> paid, due ar.d payable ur. January 1 ,,2005 ; with interest at the rate or rates `�
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<br /> ; provided thereir., alor.g with the payment of all other sums, with ir.terest thereon, j��
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<br /> advar.ced in accordar.ce herewith to pratect the security of this Deed of Trust, -
<br /> together with the principal ard ir.terest or. ar.y future advar.ce as e�ide�ced by � : �
<br /> promissory r.otes statir.g they are secured hereby, ar.d ar.y and all rer.ewals, modifi- �. -�
<br /> catior.s and exter.siors of such r.otes, both pri�cipal ar.d i�terest or. the r.otes
<br /> beirg payable ir. accorda�ce with the terms set forth therein, which by this refer-
<br /> er.ce is hereby made a part hereof. The holder hereof shall have the option to
<br /> accelerate the maturity of the �ote for which this mortgage is giver. as security,
<br /> at a�y time after the -�- loar. year after first givi�g the ur.dersig�ed or
<br /> the then owner of the premises described hereir. a writter! r.otice three mor.ths
<br /> ir advar.ce nf its ir.ter.t to do so. At �o time shall the prir.cipal amour.t of the
<br /> i�debtedr±ess secured by this Deed of Trust, �ot ircludir.g sums advar.ced in accord-
<br /> ar.ce herewith to protectthesecurity of the Deed of Trust, exceed the ori inal
<br /> amour.t of the r.ote plus $ �2,OOODO � 9
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<br /> (b) the performar.ce of each agreement ar.d cover.ant af Trustor herei� cor.tai�ed;
<br /> a�d �
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<br /> (c) the paymer,t of ar.y sum or sums of mor.ey which may be hereafter paid or advar.ced ' '
<br /> by E�er.eficiary ur.der the terms ofthis Deed of Trust, together with ir.terest thereor.
<br /> Lat the rate pravided i� the rote.
<br /> 7o prntect the security of this deed of 7iust, Trustor hereby covenants a�d agrees R
<br /> as follows;
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