|
YI
<br />200004675
<br />M
<br />M
<br />= D Z
<br />n i v
<br />R
<br />x =
<br />0
<br />o
<br />rn
<br />c>
<br />Co
<br />M
<br />rn y
<br />=3
<br />v
<br />C!n
<br />N
<br />SECOND DEED OF TRUST
<br />C-) Cn
<br />C> --a
<br />c A
<br />g —1
<br />—i M
<br />-< O
<br />Q '*t
<br />s rTJ
<br />A co
<br />r �
<br />r �
<br />�c
<br />A
<br />THIS DEED OF TRUST is made as of the 7 t day of June 2000, by and among PAUL
<br />SCHLICK and LORI SCHLICK, husband and wife, (TRUSTOR "), whose mailing address is: 1127 N. Ruby
<br />Street, Grand Island, NE 68803;
<br />and DUANE A. BURNS, Attorney at Law, ( "TRUSTEE "), whose mailing address is: P. O. Box 2300,
<br />Grand Island, NE 68802;
<br />and MELVIN D. BAHENSKY and IRENE BAHENSKY, husband and wife as joint tenants with
<br />rights of survivorship, ( "BENEFICIARY "), whose mailing address is: 1021 Nelson Street, St. Paul, NE 68873.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to
<br />Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject
<br />to the terms and conditions of this Deed of Trust, the real property located in the City of Grand Island,
<br />County of Hall, State of Nebraska, and legally described as follows: (the "Property "):
<br />Lots Nine (9) and Ten (10) and the South Six (6) feet of Lots Seven (7) and Eight (8),
<br />in Block Four (4), Boggs and Hill's Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in adjoining roads,
<br />streets and alleys, improvements and buildings of any kind situated thereon and all personal property that
<br />may be or hereafter become an integral part of such buildings and improvements.
<br />The property and the entire estate and interest conveyed to the Trustee are referred to collectively
<br />as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $25,000.00, with interest thereon, as
<br />evidenced by that certain Promissory Note of even date (the "Note ") with a maturity date of June 7
<br />2010, executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which
<br />by this reference is hereby made a part hereof, and any and all modifications, extensions and renewals
<br />thereof, and,
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at
<br />the rate of twelve (12 %) percent per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the
<br />payment and performance of any obligation secured hereby are referred to collectively as the "Loan
<br />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 the interest
<br />on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan
<br />Instruments.
<br />2. REAL ESTATE TAXES. Trustor shall pay each all real estate taxes before the same become
<br />delinquent.
<br />3. INSURANCE AND REPAIRS. Trustor shall keep the property insured with fire and extended
<br />coverage casualty insurance for the replacement value of the house on the property. Such insurance policy
<br />shall name the Beneficiary as an additional insured and shall not be cancelable, terminable, or modifiable
<br />without ten (10) days prior written notice to Beneficiary. Trustor shall promptly repair, maintain and
<br />replace the Trust Estate or any part thereof so that, except for ordinary wear and tear, the Trust Estate shall
<br />not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate.
<br />0
<br />N
<br />O
<br />O
<br />O
<br />O
<br />rn
<br />-J
<br />Cln
<br />O.
<br />CD
<br />Z
<br />O
<br />Q 0
<br />
|