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201607271
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Last modified
7/3/2017 5:40:45 PM
Creation date
11/1/2016 11:21:08 AM
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DEEDS
Inst Number
201607271
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LAW OFFICE <br />BRAD MONCRIEF, <br />L.L.C. <br />1239 N. Burlington Ave., <br />Suite 200 <br />Hastings, NE 68901 <br />(402) 462-5353 <br />collectively as the "Trust Estate ". <br />FOR THE PURPOSE OF SECURING: <br />201607271 <br />a. Payment of indebtedness in the total amount of $225,000.00 with interest of 4.0% <br />thereon, as evidenced by that certain promissory note of even date (the "Note ") with a maturity <br />date of December 20, 2021, executed by Trustor, which has been delivered and is payable to the <br />order of Beneficiary, and which by this reference is hereby made a part hereof, and any and all <br />modifications, extensions and renewals thereof, and <br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest <br />thereon at the rate of 12.0% per annum. <br />This Deed of Trust, the Note, and any other instrument given to evidence or further <br />secure the payment and performance of any obligation secured hereby are referred to collectively <br />as the "Loan Instruments ". <br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and <br />the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as <br />provided in the Loan Instruments. <br />2. TAXES. Trustor shall pay each installment of all taxes and special assessments of <br />every kind, now or hereafter levied against the Trust Estate or any part thereof, before <br />delinquency, without notice or demand, and shall provide Beneficiary with evidence of the <br />payment of same. Trustor shall pay all taxes and assessments which may be levied upon <br />Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without <br />regard to any law that may be enacted imposing payment of the whole or any part thereof upon <br />the Beneficiary. <br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage <br />insurance insuring the improvements and buildings constituting part of the Trust Estate for an <br />amount no less than the amount of the unpaid principal balance of the Note (co- insurance not <br />exceeding 80% permitted). Such insurance policy shall contain a standard mortgage clause in <br />favor of Beneficiary and shall not be cancelable, terminable or modifiable without Ten (10) days <br />prior written notice to Beneficiary. Trustor shall promptly repair, maintain and replace the Trust <br />Estate or any part thereof so that, except for ordinary wear and tear, the Trust Estate shall not <br />deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate. <br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any <br />
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