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<br /> � TFiIS D�ED �F TRUST is cnade as of the lst daY of February. 199� by and � � _
<br /> atnong GARNBR B. CLARI€ and SBVERI�Y 3. SK�ITH CI.ARK, hushand and wife. � '
<br /> (°TRUg'k'��S"b: whose mailinq address is: wood River, Nebraska 68883 and AANR . .
<br /> OF �tCOD R3YER, ("TRUSfiEE"), �hase mailing ad�ress is: Wood River, Nebraska
<br /> 688B3 and BANK �F WOOD RIVER, i"B�gI��Y"y� Wh°&e mailfng address is: Wood
<br /> � ! River, Nebraska 68883. - . . .
<br /> FOl� V�I,uAgi,E CONSIDERATIBN, Trustor irrevocabl.y transfers, conveys, and , , '
<br /> � � � � assigns ta Trustee, IN TRL�ST, WITH POi�ER OF SALE, for the benefit and secarity
<br /> ��'- � of Beneficiary, under and subject to the terms and con�itions of this Deed of
<br /> ' � Trust, the real property located in the County of Yiall, State of Nel�raska, and
<br /> . i legally described as fallows: (the "Frogerty"):
<br /> `' Lot Four (��, Black Twenty Five (25), in Town of Wood .
<br /> � . ` River, Nebraska, except the West T2�cee Feet and Two
<br /> � and Three Fourths Inches thereof. ' ,
<br /> . � i TpGETHgR WITH a11 rents, easements, appurtenances, hereditaments, ' �
<br /> '``;;�. .. interests in adjoinir� raads, streets and al.legs, imProvements and buildings .
<br /> � of any kina sstuated thereon and all personal praperty that may be or
<br /> ; hereafter beaome an integral p:rrit of such buil��s and improv�ments. ,,:� t
<br /> , ''�.i_=.
<br /> ; The property and the entire estate and in�erest conveyed to the Trustee ,. _�.
<br /> : are referred to collectively as the "Trust Esicate". --
<br /> � FOR � PURPOSL OF 5E�ESRING:
<br /> ; a. Pay�aent of i�.�debtednesa in the total p�incipal amoun��o� $T,5�0.00, 1
<br /> 3 with interest thereonr as evidenced hy the certain Promi�saria :���:.e of even
<br /> date (the "Note") with a maturity date of February 1, 2.x33, ex��uted by
<br /> Trustors, wh�.�h has beert deliv��ed and is payab7.e to the order �f Benef iciary,
<br /> anol whicb b� .*_his reference i� liereby made a g� hereof, and a�� and all
<br /> ' � r.x3�3.Fications, extensions ana �:�newals thereo�, and,
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<br /> • � b. Payment of all sum� aclvancE� �xt Beneficiary to pratect the Tru�� � �
<br /> .� Estate, with interest thereon at the rate of twulve (12) percent per annL.--i.
<br /> This G�ed of Trust, the Nate, and any ot?���: i.nstrument giuE:� t� evidence
<br /> � or further secure th� payment and performance of any obl.igation secured hereby
<br /> ' are referred to collectively as the "Loan Instruments". _
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<br /> � TO PROTECT iKE SECURITY OF THZS D�ED OI' TRUST: ,_
<br /> , 1. PAYI�NT OF INDEBTEDNESS. Trustor shall pay when due the principal , ,
<br /> � of, �nd the interest on, t e n e tedness evidenced by the Note, charges, fees : �=��
<br /> anc] all other sums as provided in the T�oan Instruments. :
<br /> � 2_ T3514E3. Trustor shal:l pay eaah inst�l:ltnent of all taxes and special
<br /> � assessments��every kind, rtc�w or hereafter �c�ied agair�st the Trust Estate or
<br /> any.part hereof, befco�e delinquency, withaut r.�tice or aemand, and shall
<br />. ; pracride Ber.eficiary a�ith evidence of tl�¢ �ay:^!ent of sa��b Trustor shall pay
<br /> aI1 taxes ai1c3 assessments which may � levie� upon Be,e�iciary's interest
<br /> � herein o: rz�on thfs beed o� '��ast or the debt c�cured hereby, v��.thout r+egard
<br /> , to any law that may be enacted imposfr.� payment af the whole or anp part
<br /> . trereaf upon the Beneficlary.
<br /> 3. if�SURANCE ANU AEPAIRS• Trelstor shall maintain fire a;� extenaied
<br /> coverage i�urance insuring*.�ie imProvements and buildings cor,.::.*s.tuting part
<br /> � of the� Trust Estate for an a.�aunt nv less than the amount of t�.� unpsic3 �-----
<br /> � ' � principal balance af the tiote (co`insurance not exceeding 80� permitt�d).
<br /> �� Stich insu.rance policy s�h�ll contain a standard martgag� clause fn favor of;
<br /> ' Henef ici.ary and shall. not be cancellable, te�minable, or madifiable without - ; �.
<br /> ten (10� days prior written notice ta B�nef iciary. �rustc�s° si�al.2 gro�ptly t [ •
<br />_____ r�,pair; mainfisirn and replace the Trust Estate or any p�rt thereof so that, . �
<br /> ,._.._ L_�� � a,.a....invato Tn �
<br /> except for ordinary W@8I' f3YiC3 t@aI► CIIe '!'tl3si �3�a�c Siioai :.:... ..�..�,����.._--
<br /> Lnn event shal.l the.Trustor. Coamit waste an or to the Trust Lstate.
<br /> 4. ACTIONS AFFECTIN� TAUS'� ESTATE. Trustor shall appear in ana contest
<br /> �ny action or procee ing purport ng to atfect the security hereof or the
<br /> rig}its vr gs��rers �f Bert�f iciary dr �rustPe, �nd shal I p�y all costs aad
<br /> �:5sp�nses, incluciinc� c:o�t dt evid�nce of title and ettorri�y's fees, in Any such �
<br />, actidn or proceec�i.ng in wiiich Denefi�i�sry c�r Trustee mt�+t �[�pear. Sh�ulc� �„ .
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