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<br /> 10.5 j,O O�j�O Hutiman and Fellon a Woil,Wailon,Ne.6&161 �,
<br /> �f ACKNOWLEY)G�MENT Or DEEY3 O�i Y��JS�AS S���JR,I�'S�YIiTST`�,�JI�i�Ii1'y' i'
<br /> I . -
<br /> I We AI� Kr1R�N S SERSTLER
<br /> � � .,�.�ta��� :
<br /> ( underthefollowingAeedot'IYuattobeentsredintoamoung7�us rs, DON ROBERTS :�
<br /> -- - � t��ustee�, and l�� �3EBRASKk1 GR �T i3i�IdiV ,�"Heneticiary"►covering the property descri6ed �
<br /> ' below hereby acknowledge that it is underataod thAt (a)the Deed of Trust to be executed by'l�ustor is a truat deed and i
<br /> not a mortgage and (b) the power of aale provided for in the Deed oF 7�uat pravides substantially difFerent righte and !i
<br /> , obiigations ta the Truator than a mortgago in the event oi'default or breach of obligation. •
<br /> �'
<br /> Trustar ackr►owledges that this Acknowledgment was made prior o e execution of the Deed of Truat. II '
<br /> Executed and Delivered this 4th day of Janua , 1990 �j
<br /> �i
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<br /> Tr s �I
<br /> ����t) �c,,2L���,.� �i
<br /> Truato '
<br /> — �• .
<br /> DEED OF TRUST ''
<br /> �I
<br /> � � THIS DEED OF TRUST ie made as of 4th da of Januar , 19 90 ,by I�
<br /> �I 253�WE5 �RY A BF�.tSTLER AND R5XTL (RTrustor"1, �vhose mailing address ia �i
<br /> , E TS
<br /> 'I C T
<br /> ("'lti�uatee"),whose mailingaddresa is_ • '
<br /> I and ("Benerciary")
<br /> whose mailing address is 4951 CENTER STREET OMAHA NE '�
<br /> 'i
<br /> FOR VALUABLE COidSIDERe�►TIOAi, Trusi,ur irrewcttLly Lrbuai'er�, cunveys� aiid xaai��s tv Trual.ee, I�' TRUST, .�
<br /> . WITH POWER OF SALE,for the benefit and security of Beneficiary,under and subject to the terms and conditions of this •
<br /> Deed of Truat,the renl property located in the City of GRAND ISLAND ,County of , • �
<br /> HALI, ,State of Nebraska,and legally described as follows (the "Property"): ,
<br /> � I !�
<br /> �� LOT 14, BLOCK 2, PARICHILL SUBDIVISION, AN ADDITION TO THE CITY OF •
<br /> I= GRAND ISLAND. HAI.L COUNTY, NEBRASKA. ;`-�';_
<br /> i �1 t a:i�-
<br /> : TOGETHER WITH, all rents, easements, appurtenances, hereditamenta, interests in adjoining mads, streets and �j ?.''
<br /> -- alleys,improvements and buildings of any kind aituated thereon and ail personal property t,jia�may Le w•herealtEr become ' •-
<br /> an integral part of such buildings and improvements.all cropa raised thereon.and all water rights. ��
<br /> The Property and the entire estate and inLerest conveyed to the Trustee are referred Lo collectively as the "Trust ;� . -
<br /> Estate". • _ -
<br /> �i FOH'PHE PURPOSE OF SECURING: �'
<br /> �I a. Payment of indebtness in the total principal amount of S 13996.47 ,with interest thereon,as evidenced by ;� ��
<br /> .i thatcert:�inpromissorynoteofevendate(the"Note")withamaturitydateof 1-18-1994 , �;
<br /> , executed by Trustor, which has been delivered and is payable to the order of Beneficiary,and which by thia reference is I�
<br /> I hereby made a part hereof,and any and all modifications,extensions and renewals thereof, and
<br /> ' • b. Payment of all sums adva ced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of i� '
<br /> ; Twelve percent ( �2 �"il per annum, and �I
<br /> z. The performance of Trustor's covenants and agreements. I �
<br /> This Deed of Truat, the Note, and any other instrument given to evidence or further secure the payment and � .
<br /> ° performance of any obligation secured hereby are referred to collectively as the "Laan Instruments". ; • :
<br /> TO PAO'd'ECT THE SECURITY OF THIS DEED OF TRUST: I, '�
<br /> ' 1. PAYMENT OF INDEBTEDNESS.Trustor shall pay when due the principal of,and the interest on,the indebtedneas I� � '�-;�
<br /> : evidenced by the Note,charges,fees and all other suma as provided in the Laan Instruments. I '� `��"
<br /> 2. TAXES AND ASSESSMENTS.Trustor shall pay all taxes and special assessments of every kind,now or hereafter I� ;
<br /> levied against the truat estate or any part thereof as follows: • �
<br /> (initial one) ( • �
<br /> Truator shall directly pay such taxes,without notice or demand as each installment comes due and sha11 pmvide I
<br /> the beneficiary with evidence of the payment of the same.
<br /> Trustor shall pay to beneficiary one-twelfth of the real estate taxes each month and such other assesaments as ��
<br /> � they become due.The one-twelfth payment shall i�e adjusted annually as the taxes change and trustor agrees that I I
<br /> after payment of the taxe4 each year that any deficiency will be prompty paid to Beneficiary. Beneficiary agreea I I
<br /> to provide trustor with receipts showing that the real estate taxes have been paid in full and when due.
<br /> 3. INSURANCE AND REPAIRS. '1�-ustor shall maintain fire and extended coverage inaurance inauring the
<br /> improvements and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid
<br /> principal balance of the Note(cainsurance not exceeding SO�J•permitted).Such inaurance policy shall contain a standard
<br /> mortgage clause in Favor of Beneficiary and shall not be cancellable,terminable or modifiable without ten(10)days prior
<br /> i written notice to Beneficiary.Truator shall promptly repair.maintain and replace the Trust Estate or any part thereof so
<br /> -- that,except for ordinary wear and tear,the Trust Estate shall not deteriorate.In no event shall the Truator commit waste
<br /> � on or to the Trust Estate. r---__,
<br /> 4. ACTIONS AFFECTING TRUST ESTATE.Trustor shall appear in and contest any action or praceeding purporting
<br /> to affect the security hereof or the rights or powers of Beneficiary or Trustee,and shall pay all costs and expenses,including ( �
<br /> .''� I cast of evidence of title and attorney's fees,in any such action or proceeding in which$eneficiary or Trustee may appear. !,
<br /> ��!^��1�T_*tt°C4!fA2I C!�III�1fP SI2�Fs;�mPnt ar±o�o an��et as ar.�en the manner�+mvi�3P�ljj AIl�7!lf f.}IP T1f1A1]jTA�l9fnjPT�tg� ,
<br /> � � Beneficiary and/or Truatee,each in its own discretion,without obligation so to do and without notice to or demend upon �� �
<br /> __ �I Trustor and without releasing Trustor from any obligation,mz�y make ur do the samr in:�uch mAnner and to such extent i�
<br /> as either may deem necessnry to protect the security hereof. Truetor ahail, immediately upon demand therefor by ;; Y
<br /> � I �I $eneticiary. pay all cost� Hnd expenses incurred by Beneficiary in connection with the exercise by Reneficiary of the
<br /> �—• I, fore�oin�;ri�;hts,inCludin�without limitation c;cwstG of evidence to title,court costs.Uppraiyals,5urveyG and attornegi H Tees. '�
<br /> Any �;urh e��tit�i aind expen:;e�ti nut peid within ten (10� days of written demand shnll draw interewt at the default r:ite �; �
<br /> pruvidcd iu the Nol.e. �
<br /> _ �i. H::�91NF;Ie3T nnMA1N. tihuuld the rr��Ht r:stUte,cir siny p�rt thi�re�uf��r intrretit thercin,he taken or d:�m:��;ed hq / �
<br /> _� reason uf any pubhc improvement ur condi�mnatian pr��re�odin�;, ur in finy uth�r mann��r includin�; dei�d in li��u uf'
<br /> — ('undrmntitinn � f'undi�mnution"�.nr �:hr�uld '1'n��:t��r r��r���w�:�ny nuUrr ur nlh�•r infi�rmati�m r���;»r�in�;tiurh prucrrdin�, i, ..
<br /> ==_== 'I�ru4tur!:�r�ll E%�w•prnmpL writt��n m�tic�• th�•ri•uf tn lte•n��ficuu•v I;en�•ficiru•y rhiill he•c�ntitl�•d t��;iU e��rnpE•n:+fitiun. .�µ�:�rd4
<br /> ��� ��nd uth�•r p:�}•ui��nt4 ur r�•lirf�thi•r��fi�r.:ind�:hall hr�•ntitic��1 ut it���pt�nn t�,cnmmemct�.:�p�u�:�r in:ind prn.��rute�in il���wu
<br /> j' n:�m�•:inv n�•h��r� ��r prv�c�•�•rhn�;�. lic•n�•fi�•uiry 4hull +�IKU h�•i�ntillt•d t��m;ik���inv��n�nprn�n�,�• ��r=�dUonu•iit in �•��nntrtum
<br /> �. w�th�urh tnk�nE;or rinnr,i{;�� All �urh rnropt•tt�sihnn, aw:irdti. d:iiu:i�;�••. t�E;hl���( ,irtu�n.inJ ��rui-�•�•�{� :�«:irdrii tu 'I'rutit��r
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