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<br /> �eed af Trust
<br /> �"s 90�"' 10f 887
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<br /> � TNIS QEEO OF TRt/STis rr�cM tt�t 1t!day ol Karch � �p 90 ,by and b�t�veart Gh�rl�ea E. Roehrict� ,
<br /> .l�l_�i�'R�_ea...$R.l�iCll� lllushand R SL EL�._.__- wMtlJaf 4►M OI mW�.(hlfllAal�K C�NOd(M"TRls(�M")�
<br /> qfiph�����p__`Q30_��� Driv�_ ,(��n� I�land_ N���_��,��
<br /> •Ot �T B�iNK h�nirt�r,Cawdeh� T�uste�')� m�iNnp eddra�,t is
<br /> it 17 , r • a . �,w�dNOAWFStBANK �s�a�ic�s_iist�.on�i Associ6t Qn ,(�
<br /> ��Nrelp�"@�rNlfclary').whoR�rtfafArpaddnrs�!! P_ U_ se�e 1768� Gr.nd Ial nd,�lg_68$02 ' .
<br /> WITNESSETH:
<br /> IF THlS BOX(S CNECKEQ( /THlS DEED OF TRUST CQNS11 TU1ES A C•OhSTRUGTtON
<br /> SEGURIIY AOREEMENT UNDER THE NEI9RASKA CONSTRUCtl�DAi lIEN ACT AND CREATES,
<br /> ORANTS AND COIVSTIT!IPES A COMSTAUCT/ON SECURITY INTEREST IN THE PROAfATY
<br /> OiESCR/BE'O NEREINBELOW.
<br /> M�IfE'RE�$ Tr�r�d�bNd(n B�Nc1ary in th��xlr�cipal sum d SIXTEEH THOUSAl�1D AND NO/100 ----------------
<br /> GoNrs(�- i6, • ),w1Ych N�d�bMdh�sa la�vldsncsd by TrusMr'�prorrMs�ory rah datsd r� . 19 .(lbrrinaAmr
<br /> �+�Id tM•,Abti•�1,P�1'+�I�o dM ondrr d B�r►�Aclary anrf Mvrn�a m�hNity d March 1 , 1991 ,
<br /> MOW,THEREFORE.Ibr fM pur�not�01�ecurinQ:
<br /> (U P�Y�al ths MoM.Mg�tMr wRh MMntt M�eor►./�t�cherpe,t.PnPaYmsnf psnaltres.any fuhxs advances.and aN�xtenslona,
<br /> nadMcalfa».suba�hxion�and n►bw�i M�rsol.
<br /> (D) pa�n d aM dher aums,Msa a chsrQss,tapsH�wJM Intenat therson,advancad to protect tfrs security of this D�eed ol Tiust ar� '
<br /> tlN prrlbr,narwy o�nM covenanla�rid a�r�rr�snts a�rs+sra.wnsurer a na ser I�a+n neis�►,
<br /> (c) paAarmar►c�.d�cl��/and aompNsncs wiNr sYery tsm�,cowr►ant,o0lig�tion and apreament ol Tiusror conta+ned heroin a
<br /> JhcorporaMd by nNrw�c�a sny oth�r a�curify/nsbu�rsnt af anytims given ro secarre tha Nots,and
<br /> (d) tM npsyrr�d aa ahsr sums or lwun advances,wiM intsrost tl�eon,whkA may hererolae have been a lrerealtei be advanced
<br /> by B�nNlcl�ry ro�ivata a Tiustor'a aucceasa 1n Inbrost a dtle,
<br /> . �M o!wNch!a hMNnafi�r coNscdveNy c�Msd th�"IndsDbainsss",Trustor inevocaby grants and hansfers b Tiustee,ln tnrsl,WJ�H POWE'R
<br /> OF SAl.�d�bNbwin�cl�.tcdbed prol�rty:
<br /> LOT 13. IN CASTLS ESTATES SUHDIVISION, HALL COUNTY. NEBRASKA � ,
<br /> to�fMr wiM►(i)aN buildinga,atructuros,�dditions,enlar9srne►►ts,malihcations,repal�s,�ep�acements,and improvements rww a heroatte► �
<br /> bcaMd tMrson�("d!sN pWPmsnt machinsry and frxturos(including.wfthout kmitatian.sN kphtir►�.heet;ng.ven6la�n�.coding.e/r �.
<br /> cond�aMnp,a��ana�w,►a�nxrwes,watsr snd poiver sysbm�,engines,boilsrs,�enges,ovens,dishwashe►s,mimas and mantels, -- -
<br /> a�tln�.fY�mac�a�dl bumsrs.st�vMixs and motors.iNrl�sratlon plenf�or unita.commuMcatiGOr�systems,dynamw. nensMime►s,elsctdcM ,
<br /> �qWp�ff,s(nm►�rrd scrwn wlndowl,dows,awrNrtgs and shadss)now w her�aft�r aKacAed%a builf ln, eny building a improvemert
<br /> now a I►�naftMr bcatrd thereQn,(ai)aro easements end dgh�s ol way appu►tenenr nrerero,fv), en rease�d0 estata.�i9h1.6d0 And intOrOSf 01
<br /> Tittitbr M arrd M al!►�s.wheeher now a herraRer exl�ang a ertterod Irto(+nck�0;ng.+v�thout l;mitation.a!!cash arrd securiry deposits. - -
<br /> " �dv�nc�rorK�►s and deposits a payrr►ents ol e slmilar natura),pertainrng�►�eroro,(v)e1l rents,�ssues,prohts ane income therelrom(subject =
<br /> 1b tl�riQht ol Tnatar b colf�ct and�pply such rent�,issues,prolrts end lncome as they becams dus and pay�de so long as no event of �-
<br /> dNauk�xlst�h�w�drr),(vi)aq roysNies,minsral,al�nd gas�ights end p�ohts, water,weter+►gMs,and wab�atock,(vil)eu tenements, ��,�
<br /> MndUaaNnts.pri�N�and�ppuK�nartces bsbnQing,used a enpyed in connection MerewMh,and(viii)eN proceeds ol conve►slon,
<br /> r+oltr�taiy a MvdF�rKary,ol sny ol th�Paeqaing inro cash a tipWdated claims pncluding, wrthovt timrtallon,procaed�o/insurance and
<br /> condrnMaO�on awards),aN ol wlMch is Asrsinalts�coMecevefy caMed the"Tiust Prape�ty..
<br /> TO PROTECT THE SECURlTY OF 7HIS dEEO Of tRUST, TRUStOR COYENANTS AND AGREES AS FOLLOWS:
<br /> t. TAk.7�usMr Covsnant�,w�rranf�and agrees wiM Bensliclary,its sucCessas end assrgns,that Tiustw owns the Tr�st PropeRy t�e
<br /> from any p�ior Nsn a encwnbnnce.Mat thls Deed al�iust is and wiN remsln a vakd and snlorcesble/irst Iren on the tiust Properfy, £
<br /> fMt Tiusrw,at its sxpMSO,wiM prossrvs sach tiHe and wiN msintain HNS Osed o/Tiust as s 6rst and paramount Iren upon the Trusf �g:;
<br /> Prop�rty and wiN I�arw�warranf aiM de/snd th�vatidrry and pdon'y al the h�en hereol agalnst Me c/alms ol a�!persons and partres
<br /> whomsorwr. Tiustor,at fts sxp�ns�,wiH causs M►s Deed ol Tiust,�d eactr anrondmem w supp/ement he►eto,tn be liled and �
<br /> ncadsd�s e rtaKgage ol the tnnt PropsRy in such manne►and in such place and w�N take suCh eChon es!n the opinior►of�ivstee ,�
<br /> may be nquired by any prossnf or tuturo!ew!n order b peAsct marnteln and protect ths tien o/thls Deed ol Tius�.as the same may
<br /> b�arrNndsd or supp/emented frorn time tr�dme Trostor wNt meke sLCh fuM►er ssswence a ass�rances ro perlect its Mle to the Trust
<br /> Prop�►ty ss msy be rep�ui�ed by B�nelicfary.Trusta hereby relin�uishes�N right ol dowei and I►omesread in end tc Me Tiust Prnpeity.
<br /> 2. Paym�nt ol Indebtedrtes�. Tiustor sh,Nl punctualPy pay the princlpel of end inte►est on the fndobtedrtess secureA he�eby.
<br /> 3• ConsduCl�On o/Impr�pverr�ents. 7rustb►shal!camplete�n good And worlrmanbke mavrner any buildmgs.�mpmvements a►re�nairs re/a6ng
<br /> th�nto wMch may be bRgun on rlre Trust Properry or contemplated by the loan evfdence�by fhe Note secmed he+reDy, to pay when
<br /> dw aM Costs end!labitiess�ncume therslo�e,end not b permit eny constr�ction Hen aga��rsr such trust Proparry. !n the event
<br /> consducdon ol buildlnys,improve�rrents or repsirs ars contemp/stad, Trustor also ag�ees, anythrng in th�s Qee�i o1 Tiusf to the connary
<br /> nofwiMst�rrdVi�;(e)t�promptly canmrnce any sucA wak snd to ca»plete the proposed improvemerrts p►omptly. (b)to complete the
<br /> san��n accardartce witA the plans and speaneenons as approved by Bene!'rcrary.(a)ro comp/y wrtfe eu the re�►ns oJ a build�ng ban
<br /> sQ��nrM,i!aary,bstwesn Trusror and�snelicrary,the terms ol whith are rncapo�ete0 t:e�ein by reference and matfe a paR hereof,
<br /> !e1 ta s�s�sfrc�a+y ro inspecr��tisr prop�e�ry er�E n.mes du�irig co���l�uetrvn,asrr!{�!�to repface any work c7 ar,atenals
<br /> unsarisiacrory re B�nabct�ry wNnue�n�t5)days efter wdtten notrce►rom 8enehcrary aPsuch/ect.
<br /> 1. Funds lo�Paym�rtt of Charges.Subyect to epphcabb l�w o�to a wntten warver by Benehcrary, Trusror shall pay ro Bene=�r.�ary on the �
<br /> firsf day d eech morr[l►,or such Whe�dab eacA rnarlh as may bo specilled by Benefrciary,unhl the IndebtedneSS is pa�d in/uil,e sum
<br /> (hsrelrtall's�CaMed H►e"Funds')equaf to 1�12th o!fhe yearly taxes and essessmcrtts which may ettam pnorrry over th�s Ueed of Trust
<br /> and ground renl�on the�rust Prapeny,i!aay,plus i:12th ol the yearly pramium installm�ents fa hazerd�RSUiance,plus 1�12th of the �-` -�
<br /> ywly prsrrNum instellments fa mortgage Insurance,il any,aJ�as reasn►raWy esr,mated�n7�alfy and Irom hme to hme Dy BenefrCrary on '
<br /> tM basls ol e3Sassments and brlls 8nd roasonsble estrmates the�eof The Funds sha/10e held�n an inshfuhon,the deposds or
<br /> occounls o/whech ere/nsurerd a gua�antesd by a lederal or stete agancy rnetudrng Benelrsiary 6ariefrcrary shall apply the Funds fo
<br /> pay sdd tax�s,essessmenhs,insu�anC9 prem+unrs and�round r�nts. BenE*r�iary sha/l nvt De�QQurred to pay Trustor any�nten3st o�
<br /> �arMngs an N►e Funds.Berteficiery�ahaq gfve to Trusta, w;thout charge,a�annuat accaraGng of rhe Furtds showir,sr credrts and
<br /> debits to the F�nds and the purp�e la which each deD�t to J>e Furtds was rrrade �he F�a�ds a�e pledged es a�t�IFaonaJ secunty lor �'
<br /> Ms Indebtsdness secured Dy[h!s Deed ol 7rusf. i/the flmovnt ol the funds held by Benefrc�ary,together w�th the futurs monthly �
<br /> � InstsHrrr�rtts ol Funds payabls�ror fo the due ltates ot taxes,assessmentS.�nsurance prem�ums and r�faund rents,shall excee0 fhs
<br /> arnount rsqWred to pey sarid texes, essessments,1nsu�snce pfeml�ms and ground►ents es they Ia/l Cu�,such excess sha��ba,at
<br /> Trustor's optian,either prpnptfy�epar�i to Trusta o�cr�sdited to lrusfot ageinsf tuture monihty rnstapmants ot Funds r!the amount ot `�
<br /> the Funds h91t1 by SenefrClary shali no109 sufficienf to p8y taxes,essessments,rnsuianco premrums and ground rents es Ihey Ia/1 du8, �
<br /> TiuShlr she!!pey to Beneliaar�eny amount necessery fo make up fha dehcrency�vrM,n(h,r1y days from thv date nobco�s ma�lod by �
<br /> Beneficrary!o Trusfoi roqueshrrg paymenf thereof. Upon payment rn lu110!ef/lndebtednoss,Benel�c��ry she11 prpmptly refund fo � ••
<br /> Tiusto►any Firnds held by B!►rre6c�ary.N Ihe rrust Property is so/d undor Ihe powe�ol s81Q or che Trust Property�s othonv�so acqul�vd �
<br /> hy�3enefiaary, 9engf/crary shRJ!eppty,imrnedrat�ly p�r0�to 1he s�le of ihe Trusf Pioperry or ds ecQurs�Uon by BenolrCiary,nny Funds
<br /> held 6y�nnn/ireury af!I►q�!mq�l e,7p!rC�ttr�.n ss�Cr��;i�g;;�rr5f Ih8/n�GbJv"dnB55. 118enuilLictry e�t�cutes a wntfgn warvt�r pf irustor 5
<br /> ablr�aUans unde�fhls pa�agvaph 4. Truslor covonants ond agroes to pay.botoro 1ha samv bocom.e der��rqu�r�l �u loxos. ��ssessme:+ts
<br /> ��s s�.���+��.:x.cv;.
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