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<br /> � DHHD OF TRUST
<br /> THIS.D�EA-Q�' TttUST is made as of the 5th day of Febnzary, 1990 by and
<br /> among DAV�D W. IiUti�E,;.a single person, t"?RUSTOR"), whos� mailing adr3ress is: ,
<br /> � 2324 South August, Grand %aland, Nebraska 66801 and Earl D. Ahlschwede,
<br /> Attorney at Law, ("�.'IdUB�E"), whose mailing address is: P. O. Box 2300, Gr�d
<br /> Island, Nebras}:a fs8802 �:d LAND 0'LAREB, INC., ("BENEFICZARY"), wh�se maili.r.g �
<br /> address is: F..:.c3.. �Bo� �16, Minnea�+olis, A3innesota 55440-0126. � �
<br /> FOR V�l.Lii&3L::�CGI�SIDERATIO�t, Trustor irrevacably transfers, canveys, and .
<br /> � ' assigns to T���ee, Iti� 7'RUST; �r'iTFi PdWER OF �ALE, for the henefit �d security , • �
<br /> of Seneficiary�, under and sub��t to the terms a�.d con8itions of.�s IIeed of
<br /> Trust, the r�a1 property located in ths County or� Hall, State o� .;Ebraska, and
<br /> � - . lega�Li� described as follows: {the "��u�erty"):
<br /> �=� Lot Three (3) in B1�ek Five�(5), in "Co�ntry �;r.z3a
<br /> � Subdivision", being a part of the East Half o; the
<br /> ` NoY~thwest Quarter (E�NW�) of Section Twenty-Ei�ht
<br /> � ' . ' (28), Township Eleven (11) North, Range Nine +;.9) West
<br /> ' of the 6th P.M., in Hall County, Nebraska,
<br /> � . . .
<br /> '� • TOG�'� WITH all rents, ��sements..app���i.aances, heredita�►�-_�s, � .. ,
<br /> interc�ts 3�z. �joiniaq roads, straets ��� alleys, improvements and buil��:xs � . �
<br /> of an.g l�i�� �ituated tiiereon 3.�3 all p�r:��nal property that may be or � ' �
<br /> - , hereaYter b�..��e an integraZ �a.�t of ��.+�,s buildings and improvements. .
<br /> The property and the entire estate and interest conveyed to the Trustee � , `:"
<br /> are referred to co?lectively as the "Tr4at Estate". ��'�:-_
<br /> � FOR THE PURPOSE OF SECURING:
<br /> a. Payment of indebtedness in the total orincigal .amount c� $37,951.48, -
<br /> with interest thereon, as evide�ced by the certa.i.� Prom;::��ry No�r. �,f even
<br /> " date (the "Note") with a maturity date of February 1, 1,3':�, execzt�d by '�v
<br /> Tru�tor, which has bett� delivered and _� payable to the :�.�.:�er of Benefici��Y, �
<br /> '� and which by this reference is hereby rr..3e a part hereof, and ar.y and al� �.
<br /> modifications, extensions an8 �enewals thereof, and, .
<br /> ' . b. Payment of all sums ��vancea by Bensficiary tc �rctect .t��� Tr�:.�'� � �•
<br /> Est�:h.�, with interest thereon at the r��e of 8.9�s per a��:�.;rn. ''` �i:�
<br /> � �;�,•,:
<br /> ' This ��^] of Trust, ti:� I,?ote, and any otY.cz^ instrument giL�rt. to evidence �`'�
<br /> or further �e�•are the payment and performance c� any obl3gation s�cured hereby ��':
<br /> � are referre� t� cal2ectively as the "Lvan Instxz:��r.:s". � �"
<br /> : �:
<br /> TO PROTr,CT THE SECURITY QF 'L`HZS DE�� ',': iRUST: '
<br /> _
<br /> 1. PA�MENT OF INDESTEL't�H,�:�. Truator sha13. pay when due the !�rincipal -
<br /> of, and the interest on, the n� � tedness evidenced by the Note, cl�arges, fees
<br /> � and all other sums ae provideci in the Loan Instrumenta. •
<br /> 2. TAXES. Trustor shall pay each ins�allment of all taxes ana special
<br /> assessmen�s o�every kind, now or hereafter levied againgt the Trust Estate ar �
<br /> any part hereof, before delin.�uency, without notice or demand, and shall
<br /> provide Beneficiary with evidence of the payment of same. Trustor shall pay
<br /> aIl taxes and assessmehts which may be levied upon Beneficiary's interest
<br /> her�in or upon this Deed vf Trust or the debt secured hereby, without regard
<br /> to any law that may be enacted imposing payment af the whole or any part
<br /> thereof upon tha Beneficiary.
<br /> � 3. INSURANCE AND REPAIRS. Tru�tor shall maintain fire and �x�ended .
<br /> coveraqe insurance insuring t e improvements and buildings canstftuting part
<br /> of the Txwst Estr�te for an emount na less than the amount of the unpaid ' .
<br /> principal halanco of the Note (co-insurance not exceeding E30�G permitted). � ,
<br /> Sueh insuranee poliey shall eantaan n stanr3ard rtr�vrtgage cZausa in f.a*ror of '
<br /> � Heneficiary and shall not be cancellable, torminable, or madifiable withnut
<br /> L ten i10) days prior written natace ta Baneficiary. Trustor shall promptly
<br /> repair, maintuin and rEplace th� Tra�t �state or any �art thQreaf �n that,
<br /> except for ordin�ry wear and tear, the Trust tsst�te shall not deteriorate. In
<br /> � � nd �vent sh�l.l th� Trustc�r r,ommit w�ste hn or to t.he Trust FStF3Y.E`. • h
<br /> �. ACTfdNS Af�P��`TtRG ;�itiST f:STt�TE4. Trcy5t�2r st►slI fl��Ete7Y tft ��nei t:urti��.�:�t. �
<br /> � ru�v �icti��n or prncee fny purportinq tc, ��tfect th� ��:r_urity t�er�•c�f c�i• th� �
<br /> r:qnts «r Ewwe�'s c�f A�•r�etici�ry ox� '['rustF�e•. �ft�ci s:hrill F�<iy �►1! cc�::t�: ein�
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