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<br /> Deed of Trus�
<br /> ��S gp--� i�1�9 0
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<br /> � 1�NSp� �OFYRUST!lnt�dwMis 2 _ar.ya�Qxil � pg 90 �by��yy��A�vin A. Averv an¢ Terrv !�.
<br /> Av�rv #!��_S�tlil_.l4_AY�LY����.�.�1� W��� wMtfr�r one a mon, (M+rNnafrw caNrd the"TrwNnr'7.
<br /> wltoM►rMiii'i'�jt�aly � ��,..,�,OZ.139G,��'�..Iala ,, Nabras�ca b�880j� .
<br /> NC?A�,�i'$41NK Nahr�r_j�j����innal ac�r_i�Einn (hM�Nt�fN�fC11M�dtIN"Tiu,4tli?')� wiK)Sttt►a11it1�aE1dls3lls
<br /> r,�,0� ,�q�. �����r Gz nd Iiland. N$ a�MOA�ST 8 !yK (h�nlinAl(�K
<br /> �rM�dlf»"BvNNcHry.').w/aM m�addna�ls p• O. nox_ �76 , raa • an , N� �ae , �. .
<br /> WfTNESS�TN:
<br /> IF TN/S BOX IS CHECKEO/ J THIS DfED OF TRUST CONSTITUTES A CONSTRlICTlON
<br /> SECUR/1Y AQREEMENf UMOER THE NEBRA5KA CONSTRRlCTlON LIEN ACt AND CREATES,
<br /> ORMITS AND COHSTlTUtES A COkSTRUCTION S�C�IRITY INTEREST IN THE PROPERTY
<br /> laESCR/8ED MEREINBELOW.
<br /> WM#EAF T�a tndrb�.d a 9.n.Acla�y!n th.princ;pat aum a SEVF.NTY THRE� THOUSAND Ai�1D NO/100 ------------
<br /> O�rs!��s44��1�wt�ch lnqrONdn�t�ls�W�nc�d by Tiustnr'a peombaory o(r d�Md 1990 • 1� ..(Mrtinafhr
<br /> c.Md a�.��11b1.•1.F•y+�•a a►.o�►d.r a e«alicr.�y ana h.rinp a malwiiy a���. .
<br /> lMpW. TNEAEFOA�,kr!M ptNpoN oi a�cwir►�:
<br /> (�1 Wl�+�f ot tM JYblr.toprMisr witlr 1rMUWf MNrron.latr charprs.P►�WY��1�+�.�ny hrtw��dvanca,and aN exhnstori�,
<br /> rr�odMMCMto�M�wD�ilhN�ons and�wNwafi fMno%
<br /> (b) pap►r�nf oI a�oflNr�.hN a clwp�s,Ibp�►�r w1N►Int�rest tMrwn,advancM ro prtKact tM s�curtry ol th�s treed o�Tiust�nd •
<br /> eh�p«tbrmr�c�d N�cownarNS�nd a�n�nNnb oI�nislnr,wMtAu a not sN Mrth MrNn,
<br /> (c) pwlb�nrwK.y.d�cfw�W and compMan�y wVM��wry t�rm.cownanf,obNpaclon and�►Nnrent ol truaiw contain�d hansin a
<br /> k�cap�oiaMd bY nhnn�y a any wMr s�cwiry in�a�ur►�K Rt artynvn�plv�er►ro a�curo tns Nots.a►rd
<br /> (d) fM n�yrn�rM of aM ofh�r suna a l�,tws advsnc�a,wifh intwsst thenon. wh1cA may haetabro havs bssn or hsreaRs►6s advancsd
<br /> by BMMclary Ib TivsMr a Tiust�a's svcc�ssa M lntsnst or tlfb, `
<br /> aM ol whkh b I�rinN�r coM�c6wy ciN�d tM"inda0(rdn�,ta", Tiustor lrnvocaDry gr�nts and hensfsrs ro�iuste�,in bust W/TH POWER
<br /> OF SALE�fM AoAbwJrp olacri0�d p�opafy:
<br /> Lot Eleven (11). Block Une (1), in Colonial �atatea
<br /> Sixth 5ubdivision in the City of Grand Ieland. Hall County. .
<br /> Nebrasks. �
<br /> Io�NFI�r wi�h(11 aM buildin�a,sbuctwas.ad�0ons,eMa�g�nts.modific�bons.�spaira.rsplacentsnts,end improvsments now ot hsreaMs►
<br /> bcahd N►Nron� (1r1 aM pWpnsrK.m�chirMry and H�m►ro�('�ncN�din9.wiPt�out Aanit�eon�sN bQMrng.huating.ventiladr�y.cooaing.a1r
<br /> c����pnhl�Mn�and pkr.nWnq fixturos, walsr and powsr systems,enginaa,balsro,�anpss,ovens,d,shwashsrs,mimors pnd mantals, �
<br /> c�rprWp,hKn�cN,o!t bwr�rs.MwMbrt and nw�b+s,rNriQeraaon Pl��a w�i�,carMnurwcMlon system�.dynamos.mv�sbrmsn,eNctrkal - -
<br /> �Qu�pnNM.abnn and sc�en windOw�.abars,�wrN�ps and shadas)now a h�r�afrer sthcAsB to.a DwK ln,any buildinQ a improNemsnf : :
<br /> - - " iwni v'i rni w��v iiniviws.iii j�-"ir?3i3rTiirni�iTwTry'''"na w�:w`j ir�iiiti:�v�iinviv.tii%.si wiain`�i�iv ssianv.iiyni t�r''rer s�v i.�iwi�i vi
<br /> Trtabr M�nd�b M Nasss.wl�eN�►aow a►fMwQn exhun�a entsnd inM fincA�dY'np,witnoe�f Mn►itefion.eM cash snd s�curiry deposits. .
<br /> �dwncs hntrt and d�pos(ts a paym�r�(a d�sirt►Nar natursl,P���tM►Nb.(v)aN n►�fs.isstles.Prohts and lncans tl►srsh+am(subpct -
<br /> lo IM dpM d Tnplbr p coA���rM apply such rsMS,lssuss,profMS and Incoms a tMy 6�conN dus and payabls ao bng as no eveM of °-
<br /> dN�M*�ittt f►�nwid�r/.f�)�M r�y�+.nw�ral,dl and Qat riQhts�nd prolrts.watw.wata nQht�.end watw stack.(vN)aN tensrrNnts. �
<br /> hMMdtanNrk�,prfriNQ�s and ap�xiehnancss D�lonpir�y,us�d a snjoyrd in caxucaar►d�ere►wth.and(v�)aAF 1DrocMds o/Conw►sJOn. 1�
<br /> MOA�rMarr or kw�xif�ry.01 arey d Nw/oisQalr�Q inb c�sh o►liqutdet�ad ctalms(lncfuding.wrthoeA timifatron.Rrqceeds ol rnsu�ance�
<br /> , �ond�x►Mio+►awMdf).aM ol which is Mr�irrN�►co�cM�ly caM�d the"Tiust Propsrly..
<br /> l0 f>AOtECT THE SECUAf1Y OF THIS DE�D OF TRUST,TRUSTOR COVENANTS ANO AGREES AS fOtLOWS:
<br /> 1. Tl�.TrutbrCOV�nanti,wananb and a�rws wNh Bsn�ticiary,!ts successors snd sssrgns,that Trus(�pr owns Me Tiust P�operry Iree
<br /> le�n any pnror NM a�ntur�branC�.fhN Ml�ONd o/trust!s and wiN rsmaln a vMid and sntrorc�sbls tiist fisn on ths Tiust Pro��eRy.
<br /> fh�f Tiwlnr,N Its sxpu►se, w�N pr�i:.;,auch tifN�nd wNl mamt�i►�MIS O�td d Trust�s s 6rst end parenw�nt Nen upon the Trust
<br /> Pr�p�rry�red w1M lor�w►warr�rN�r►d dK�nd ths w�dliryr s►►�pnoriry oI ths Iien hsreo/aQainst ths c/Nms ot all psrsorts errd pa►OSs
<br /> whonrtoewr. TnuMr,ut its sxp�ns�,w►p cwss fhis Dsed ol Tn,st,end each emsndn�N or suppMment he�eto,to be Irkd and
<br /> ncordM�a mort���oI the Trost Property in such ma�►ner end 1n such p►sce end w,N taks aur.h action as m the ap�n►on of Tiustee `�
<br /> may i�rsq�Nnd by rry prrs�nf or hA�xs/aw in order ro peAecr,mulnt�+n artd protect ths k�n ol tlMS De�d of Tiirst,as ths same rrray
<br /> �ar»a�d�d a auppie�r►r�r.Md Mnm tims i�o eime. Trustor wiN m�ke such lu►the►essurance a esswances ra perfect rts trNe to the Trust
<br /> P►v�srty�s may b�nqwred by B�nslklery. Tiusta hsreby relirrp�nshes e�i ngl►t o1 dowsr and homestead rn end to rhe lrust Property.
<br /> 2. Payn�M o�Md�bt�dnsss. TiusMr sltaN punctuaNy pey the pnnnpal ol end inferest on the Irtdebtedness secured hereby
<br /> 3 ��ore pP Nnproy�en�snfs. Tr.�nr sh�C canrpkle rn good and werkma►wike manner any bu�ld�ngs,improvements a reparrs►ela6ng
<br /> NNrN�n wAiCb may b�MQun on Me Trvst Property w contemplated by the bsr►ev�denced by che Nore secwed Jrs�eby,to pay when
<br /> dw aN coeta and XadWr�s incumtd tfNrsbrs,end not to pemwt eny constnrcthnr►lisn aga��st such trust Property./n ths evenl
<br /> consbuctla►d bwk�n�s,rmprown�►f�a rapavs are cantsmplated.Trusror atso agress,enytlwng�n ttrs Owd ol Tast ro tns corrt�y
<br /> ndWJfMfrKAirp•(�Oo p�ompffy canrttenCe ony suCh wOrk And to Complets fAe proposed�rr.provementS p►om�ttly, (b)to cornplete the
<br /> s�r►�in�ar►c�with tM pNns ar�d spsciticaeions as epprored by 8e►nehcrary,(c)to campty w�th a/l tAe terms ol a b�ddmg/oan
<br /> a�rNnMr►t.H any.belwMn Tnrslb+snd Beneliciary.ths terms o!whvch a►s+ncorpcxated nere�n by re/ere�c.e and m�rra�p�t hereol.
<br /> {d�ro�w Ber�e�rr�y t��esper!aie rrusr P�Sn;s!ek n.�s au�stg cc�srsrsu�rsars.arrrs(e)ra raprace arr-�wc�sr�r,r rrater►els
<br /> talqalWaC(i0ry to BMNfCiary wiNMn 61'l�tsn(15)dayS�ef/N wnftM nphCe Irom B0ns1iC�8�yr p/SuCh lact.
<br /> 1. f�Ibt Payrtt�M a!Ch�r�s.St�b�t to eppNCabl�law or�o a w�itten w�uver Dy Benet�c�ery, tru�toi shall pay to E�rehr.iery on the
<br /> � Sr�t day ol NICh mwtM,ar suCh oeA�r dats each mon[h es may De specrl�ed by 8a►e6c,ery,un�il the/ndebtedness rs GarO�n fufl,a sum
<br /> (I�rNnal�w caM�d tM"Fund3")equaJ I1a fil2th ol th�yesity taxes and ass�ssments which may anarn pnonty over thrs Deed ol liust
<br /> a►►d Qround nnt�s on Me Trusl Prqp�rry,rl any,p�krs U 12th ol the yes�fy premwm�nstal/ment�!oi hazard�nsu�ance,plus 1;f2ltr ol the � ---__-
<br /> , y�wy promiu�rn!n�[a�tmsnts lor mortyaQe insursnce.�t any,a�!es�easonabty eshmated in�bally and Irom hme to dme by Baneficaery on
<br /> H►�b�st�ol tss�ssrrNnts and Mtls snd roasonable estrmates thersor Tha Funds shan be nald,n an rrtstnut�on, the deposns a�
<br /> �ccounts oI whkh tro irrsurod or guarant�ed by e federa!a state agern�y�nc�ud�nQ Benefrcr,ary 8enef:crury sha/1 aFply rhe Funds to
<br /> p�y aaid tsx�s,asssssmsnt9.lnssnance prert�iwns end grcund ron[s. Benehc�ary sha!!not De raqu�recf ro p�y rrusto�any niterost oi
<br /> •eurdngs on ifis Ftinds.BerrsNt:lery sAaN givs ro Tiustar,wAho�Ut charqs,an annual accaunbng o!the Funds show�ng credrts and
<br /> d�bits fo tM Funds and the purpq�a for wlMCh each dabrt to dre Funds was mad�. The Funds e�e pledgeci as add�tronal secu►�ry lo� I�i
<br /> t/N1 IndebMd�Mts Secc�red by thls Deed of�rusl.N the amount ol Che Funds h9Jd by�enehC�a►y. togethe�wrM fhe luture moMh/y ���
<br /> � irtsf�Mrr�M►ts ol Funds pay�ble prior to ths due detas ol taxes, assessme+�ts,insu�enCe p�emrums end ground rents,shall e,�ceed tno
<br /> �rnOw�P reqWred b Qay Said f�xss.Rssessmenfs,msuranCe p�emeums end ground►gnts as(hey fel!dt�a,suCh excoss shall De,af �
<br /> Tnrstor's ap:rw:,se�het pfantpt{y repgkl tp Trusfor or crec.+rted to trvsfo+egalns►fu[We month/y rnstaqments o1 FundS Il the amount of �
<br /> the furtd�hekf by Benehcriry shal!rwf be suffi�rent lo psy►axes, assessmertts,rrtsurance premr�ms en0 yround renis as thpy taU due, �`'
<br /> Trusfor sh�p p�y fo BertetiC�Ary gny�m0un1 necessary tp m8ke ua the del�C�RnCy w�ihrn thrtry days bom thp 4Bte notrC���marled b �
<br /> Benel�cr tn trustos r uesbn Y �
<br /> ery eq g payment thereof Upan payment�n Iu/101 t►'Indebtedrress. BeneJrc.�ary shaH�sromptty!olund ra ,
<br /> trusta eny Fur+ds held Dy�enetrcrary If tt�e J►ust Pro�arty�s sold u��de�the power of s���o o�tRe T.usr Propa�ty�s aNlerw�so ncqu�red
<br /> Uy E8nllf�Crery, �enafrCiery Sltell Ap�Dfy,immed�8lely prrOr tD tP►B 5(i!9 OI thO ir�S/PraD��ty r_+r its(tCqurSrfran by Bonelrr.�ar,, any f r�nrfc
<br /> irei0[�y$�neri��ary ar thp trme a!app;��BUOn tts a CrHdrt c�ga:nst cha�nda0tet9ness rl Beno'rr�ary nr�cures��wr�7e��warv�r�f f�usfo�c
<br /> ob1��8UCns unde�tAss ps�agr�ph 4, lrusfo�rove�rents c'�RC1 Q9�Qfls fo p�y, hO�U�fl th0 SOm�t h�Cpmp�phnp:�E'nt aa!ar�s as;essmenrs
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