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<br /> DEBD OF TRaST •
<br /> THIS DEED OF i'RUST is made as of the �- 1 day of i4arch, 1990 by and
<br /> amonq JOHN C. FRANSISCO and KERRI M. F'RADISISC4, Husband and Wife,
<br /> ("TRiiSTORS"), whose mailing address is: 1522 Pazkview Drive, Grand Island,
<br /> Nebraska 688111 and ARTHI3R C. MAYER, Attore�ey at Law, ("TRUSTEE"), whose
<br /> mailing address is: P. O. Box 2300, Grand Island, Nebraska 68802 and MARION E.
<br /> WALSRECH�, ("BENEFZCIARY"j, whose mailing address is: 404 Woodlartd Drive,
<br /> Grand Island, Nebrasdca 68801.
<br /> FOR VALUABLE CONSIDERATIi�N, Trustar irr�a�esably transfers, con�reys, aTtd
<br /> assigns to Trustee, II3 `iRUBfi, TiI�F POWER OE' 51�:�, for tlte benefit and secu�ity
<br /> of Beneficiary, under aiz� s-,�J�ct to the terms at►� conditicns af�this Deed of
<br /> Trust, the real property Ircated in the Cc�nty of �iall, �tate of Nebraska, an� � .
<br /> legal2y described as follows: (the "ProF��ty"): �
<br /> Lot Twenty-Two (22) is� B1ock Six (6) in Country Club
<br /> Subdivision to the City of G�and Island, Hall County,
<br /> Nebraska, �o�nonly known as I522. Parkvievi ririve, Grand
<br /> Island, NE 68801,
<br /> TOGETHER WI�H all rents, e�sements, appurtenances, hereditaments,
<br /> interests in adjoining rc�ads, streets and alleys, improv�rtr�nts and buildings � . .
<br /> � of any kind situated thE�:eon and all personal property th.a� may be or . ,
<br /> hereafter become an integral part of such huildings and ' ���-�vements.
<br /> `�he prapsrty and the entire estate and interest conveyed to the Trustee
<br /> are referred to collectively as the "Trust Estate".
<br /> , FOR THE P:]RPOSE OF SECURING: �
<br /> a. Payment of indebtedness in the total principal amount of �',a,800.00, -
<br /> with interest thereon, as evidenced by the certain Promissury Note of evEn � =�
<br /> date ( t?1e "Naxe") with a �aturity date of April 1, 1995, e;zecuted by Trustor, -
<br /> which i�a.� been deliver�� �nd is payable to the order of Beaeficxary, and a�hich
<br /> �y th_� �-efere�:��e is ?�e�=�y made a part hereof, and any and all modifications, ' �
<br /> e:�ter.�"r_s anc: rn�ewal� thereo�, and,
<br /> �. Payment of a:.� sums ���:anced bg� �enef iciary tn protect the Txust
<br /> Estate-� with interest tY:ereon a� r_he rate of nine and one-half {9�) percer.�
<br /> per annum. �
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<br /> � This Deed of Trust, the Nate, ana any oCher instrument given to evidence �r��,�;,�
<br /> �r further secure the payment and performance of any obligation secured hereby •�
<br /> are referred to collectively as the "Loan Instruments". : .� .
<br /> �
<br /> TO PROTECT THE SECURITY OF THIS DE�D OF TRUST:
<br /> 1. PAYt�IENT OF SNDEBTEDNESS. Trus�or sha11 nay when due the principal '
<br /> af, and the interest on, t e in ebtednes� evidenced by the Note, charges, fc:cs
<br /> and all other sums as provided in tl�c L���ti Instruments.
<br /> 2. xAXES. Trustor shall rr::.r each installmEr:t of all taxes a-.�: spe�ial
<br /> assessments�every kind, now qr �ereafter levie� against the Trus.': Estate or
<br /> any pzrt hereof, hefore delinque�n��y, witli�;ut notice or demand, and shall
<br /> provid� Beneficiary with evidence af the �ayment of same. Trustor shall pa��
<br /> all taxes and �ssessments which ^;ay be levied updn Beneficiary's interent
<br /> herein or upon this Deea nf mru�` or the debt secured hereby, without regard
<br /> to any laV� tha�_ may be enacted iu��osing p�yment of. �l�e cvhole or any part
<br /> thereaf upon the g�nefici�ry.
<br /> 3. INSURANCE ANU REPAIRS. Trustor she21 maintain fire �,nd extended . --__--
<br /> coverage insurance insuring t e improvements and buildings constituting p�rt '
<br /> �f the Trust �state for an amount no less than the amount of the unpaid
<br /> principal balance of the Note (co-insurance not exceedang 80� permitted).
<br /> Sur.h �n���r�,�r.e pClicy shall contain e �tan�ard saa:tqZge c2�su:.�c �st f'svcr a:
<br /> F3ene�ficiary and sha.11 noti be cancellable, tarminable, or modifi�ible 4/IL}1dilL
<br /> ten (IO) days prior a�rittot3 n�tic�: t� iienef iciary. 'Tritstor sha12 promptly ,��
<br /> L regair, maintain tind rEp.tace the 'trust BstatE or any part thereaf so that,
<br /> �x�:ept for ordinary arear and te�jr, the Trvtst �stnte shall n�t deterior�te. In ��
<br /> nc� �v�nt Nhfi.il the 7'ru�tc�r cottunit ��ast�.• an or t� thc� Trust l�,state.
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<br /> 4. A1:7'ION� r+r�'F:C'f INt; TkE1ST ESTA('�;. Trus�crr �:ha.l 1 �+�pear in .ind :�otzt t•st ��
<br /> 3uy �s�4•.i.��rt c�r procaec3ing �tirpt�rt�iny tc> �iffect t��e :-HC-urity fiF'I'E'C?} <,r +Fyc ��
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