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<br /> 5�0-�i00458
<br /> DG�D Of 'i+tUST
<br /> , � ,� Rabert W. and Mary P. Water�.
<br /> -- i111S QEED OF 1RU51, macie titis ?7tis_--duy ui J�►i��,a�___._. 2 :�5,.`_b��":�"'�'-�.;,— --
<br /> hus�and �nd .wife gox G03, tiJaad River I�E 68883 �
<br /> Fvhose inn����q ad�rass �s._
<br /> . ,���hose mail:ng address p�0. Dox G87, Wood River, NE
<br /> � {horoin "T�ustur '); and llanlc of Wood River
<br /> (heroin"Trustce"ond"Danflficiary"). �88�3
<br /> fOR VAlUA6lE CONSIDERATION, inciuding the indobfedness indentHied herein and tl�e irus� I�erein ereated, ihe recelpt of which is liereby
<br /> � acknoivtedged, Trustor irrevocably�ra�its, transfors, conveys, and assigns 10 lrustee, iN TttUST, WtTFt POti4ER QC SAL[, for tha bsnafis and
<br /> security oi Benoficiary,ui�dc�and suhjoc!101hQ terms and conditions of tiiis Qeod of Trust,tlie reol property described as followsr
<br /> � The E 45' of 1�ot 8 and the W 42' of Lot 9, all in Block 7, Original Town of Wood
<br /> River, Hall County, Nebraska. �
<br /> � �
<br /> TOGETI�ER WITH, all renls.profits, royalties, income and other benefits derived from the real property;eN lenses ar subleoses covering tl�e
<br /> real property or any poriion Il�ereof, now or hereofter exissing or entered into, and all right, titls and interest of Trustor thereunder; all in-
<br /> - feresis,e5ivie vr vii�er t����ni, ��t��r��;,w�:��';,:::$i'�, :��Ecl:Tr•ss!^r!t^w 1�^c n�mny herenfter acnuire in ihe rea) Property; oll eosements, __
<br /> rights-ot•way, tenemeMS, hereditaments and oppurtennnces thereof and therero; afl oil an@ gas rigfifs anJ profits. water r+gfits and ti�oler ; M �
<br /> stock�all right, tiile and interest of Trustor, �ow owned or hereafier atquired,in and to any land.lying within the right-of-way of ony street or ; .
<br />._.:,__:`___,_::_.,_ . . . . i �i L..7�J'__' t:..�.�... 7..........mm�n�n nn.� .mnu��ennnrac nnW nI IlP/PlII}Of P�Pftpf� Z�IP�P-011 0� .��_.
<br /> nignway adjoin�ng tiie reoI p�upe��y� U�ly u�w Jn vv�wn�ya� ..�.i.....� ....+........�.�..._. _ .� _rr-' - '- ' -- — --
<br /> belonging ihereSo, (herein reterred to as "Improvement"or "Improvements"); and ony and all awards made for the taking by eminent domain R=
<br /> or by any pro�eeding or purchos�in tieu fhereof,af the rvhole or any part of the real properfy. � ._
<br /> /111 of the torcgoing estpte,p�aperty ond inte�est hereby com•eyed tn Trustee here+n col�ecti�ely feferred te os�he"Property". _
<br /> THIS OEED OF TRUST SNAII SfCURE3 � �,
<br /> (a)Tl�e poyment of indebtedness evidenced by Trustor's note of even date fierewith in the printipal sum of Three thousand
<br /> and no/ 100 ------------------------------------------------- Dollars (S 3.000.00 ),
<br /> togallier witl�interest ai tlio rote ar ra os provided Iherain, (tierein, together with any ond al!renewols, moditications,ond extensions thereof,
<br /> ra(erred to as the "Note") boing�ond inleresf on the Note being p�yoblo in accordance with the terms set fortl�therein,reference to
<br /> wliich is liereby made,t+,�bnd�pa nt of principal and interest, if not sooner paid and if no renewals, modifications or ektensions are made,
<br /> due and payabfe on�r ry 1 1993 '
<br /> (b)t1�e performonce of each agreement and covenant o!Trustor herein contained;and r
<br /> (c)Tlie paymont of any st�m or sums oi money willi iriterest tl�erean wiiicl�moy be hereofter naid or advonce�uiider tlie terms of tliis Deed of �:.1
<br /> Trust. , ' � •;
<br /> (d)The payment oi any fulvre ndvances necessory ta protecllhe securily or ony future advance made at il,e option ot the parlies;and
<br /> (e)The pertormance af an obligaiion of any other person�amcd in this Trust Deed to o beneficiary. , '
<br /> TO PROTEC7 THE SECURITY OF THIS DfED Of TRUST,TRUSTOR NEREBY COVENANTS AND AGREES AS fOLLO�"�5: ..
<br /> 1. Poyment of Principal and Intorest.Trustor shall promptly�ey,when due the principal of and interest on the inde6tedness evidenced by the
<br /> Note,and oll other charqes ond fees as provided in tlie Note, and the principol of ond interest on any Future Advances secured by this Deed of
<br /> lrust. .
<br /> 2. Warranty of Title.Trustor is lawfully seized ond possessed of good and indeieasible�itle and estpte to the Prope�ty hereby conveyed ond
<br /> t►as 1he riglit to gront ond convey the ^roperty; the Property is free and clear of all liens and encumbronces except liens now of retord; and
<br /> Trusior will warront and defend thE ti11e to the Property against all claims and demonds.
<br /> � 3. Mntn4enance and Complianee with Laws.Trustor shnll keep ihe Properly in good tordilion ond repair and sl,all not commit woste or permit
<br /> impairment or deteriarafion of the Property and sholl comply wiih the provisio�s of nny lease if tliis Ceed of Trust is on o leosehold.No improve-
<br /> ' ment now or hereafter erected upon the Property shall be alfered, removed or demolished without the prior written consent of BeneFiciory.
<br /> Trustor sholl comply v+�9th ail laws,ordinonces, regufations,covenants,tonditions and restricSions af Eecting the Property and not commit, svffer,
<br /> i. � or permit dny att to be dono in or upon iiie Froprr0y ii'i Jivi`v:iv�v�u�T�v�+, 0��3:�8.^.��� !y:S���l=-^•. C_^Y^!?^nt, �nndition or resfrittion. TfU510� ---
<br /> sliall complete or restore promptly ond in good workmonlike monner any improvement on the Property wiiith may be damaged or destroyed and �
<br /> S� pay,when due,all claims for lubor performed and materials furnished therefore and for any olterations thereof. �
<br /> a. insuranee.irusior, oi iis expe��3e, w���r��u�r�+o+�n�t����sv:s:;�;.;.s�•r=��; 9°.^.°firinrv, inc��rnnr.Q�xith respect io the Improvements and
<br /> — personal properfy, constituling 1he Property,against loss by fire, lightning, tomado,and other perils and hozards covered by standord exsended I •
<br /> �� coverage endorsement, in an flmount squal to ot leasf one twndred percent ol the full replocement volue thereof and insuronce ogoinst such ,.
<br /> � otlier hotards and in such nmounts os is customarily torried by ovrners and operators of simular properties or os Qeneficinry rnay require for its �
<br /> proteciion.Trustor wil!comply with such other requirements as E�eneficiary may from tirne to t�me request for tl�e protection by insurance of the
<br /> �f interests ai the respective porlies. /111 insuranr.e polities m�intained p�rsuun' to this beed of Tris' slinil nnr.�n TruSiCr pntl I3CnC(iCiar: ns in- tl'
<br /> sureds, us thcir respective interests may appeor, and providr. thai lhere sh��1�be no cunceHntion nr uwd�ficatr��:i,l;;u' ::� Ics.i':;�n ?5 tiuys �``
<br /> -- prior wiitten nUli(itnlion ►o Denelitiary. In the event ony policy hereurder i; nof rerewed �n �r be(ur� 1� rl�r{� �uiur to it; ��x�'ruli�ri �ir;te, �
<br /> l,c•nef+ci•try m�y p�ntu�c S:;c1�inswnn�c in�cccrduntn•hith tli� p�ovi,ions o!pti'�a')raph 7 I:t�:cof. Tru�.to� sh�il� il^�r�rr t�� IiPnr•(�t i��y 1L•C nri�;�nc! r4�'' ��
<br /> Or��iCiL•i Of in;urfl��C^(�nd renevrnls the�eof or mcmo cuj,ies o[ �.UC�i(�Olftir:t ni��)rnn�•nC�S Ihnrnr�{. ( ��: i�• !n�•���� .�� . �.:.�•.���r;; ��;,� 1��r t��i, r i " �
<br /> � rr�nr�•r;�dt n5�cqu.r,..l Lcr��ir�d�r;h�ill, at 1h��nption n( fti r.etic�nry, con�.�iSutc�•'•.��r,h.
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