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<br /> ` �ANKS
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<br /> THlS�E�J' OF TRt/Siis rt�th� �1 tf�y ot �p=�1 , t9.sfl,dy+�nd batween Gery E. Velasek t�nd
<br /> � Ptary G. Vala��k= Hu�D�n��,,,W�fi wMthsrw�e amo�m,(hsrsrr��Rs�+c�ed flN•'Tnr�ta'7,
<br /> w1wN nta�i4p addr�ss I�_4276 Lariat Cour t. 6�.pa I�land�.NQbra��• 688�}
<br /> � NQAW�ST BAHK l+Lbr�o a� Wa a,��il_,_��o�a�� j�sinNt�c caMM tha"Tn�s;es'),whose maatn�addnss ti
<br /> �'.�s,�lL�• Crand Isl•nsl. N�,�MNUAW�ST8�1NK-�Ntl�Q'ASka.__NaE�tt�l Asrocfation (�
<br /> calitdEtM"B�rNlldoly'),w/so�e�mail�p�qdr�s�� _P_ O. Ea: 1768. Grand i�tau�, i�l�sr••`� E[A�1 �,�.
<br /> � WiTkFSS�TH:
<br /> � !F t'MtS BQX fS GH�'CltEO/ � TH1S DEED OF TAUSTCONST/TU�ESA CONSTAUC�(ON
<br /> SEC#/Atrl►AQREEMENT UHDER THE NE9RASKA CONStRUCTtOAI LIE�N ACT IlND CAEATES.
<br /> �RANTS AND CONSTITUTES A COMSTRUCTt�OIV SECURIIY/NTERFST!N THE PADPEATY
<br /> QESCAIBED HEAE11Y8ELOW.
<br /> WNEREAS�T� ,�s 1nd�blyd ro 9�r�Aclary jn tM principalsum d 7fdEtiTY THOUSAND AIdD NO/100 - -----.•--•..._•..---
<br /> tao�ry(S cu•��).whkh NMrbNdnra�ls�wcla�csd Dy Trtulb�►�promissory nab deNd pr _ 19 (hsrsln�ltM
<br /> ��Md MN"MOIr'1,p.yae+.a�n.ord�.r a ew�►a.ry a►b nawne.mac�,r�y a -�X 10 , 199D � .
<br /> MOW. �FIEREFORE.fbrtMpwpoNOla�curinp:
<br /> (�1 P+Y�+K ol tM 1�bM,l�oQ�1Mr wifh Inhnst Msroa►.lats cl►ar0u.PmMYR►ent l�na�es.any fuhxa advanc�s.�nd aM ext�rtslona.
<br /> nwdNcNfona.sub�tihitia�s and raitwa�s N��so/,
<br /> (�J P�yR+«k ol M oeha auma.hss ar chivp�s,lo�Y�ar K�ltA lnbrost rherea�,advancsd to protecr thr sscurity o/tMs Oeed d T►ust and '
<br /> Mr p�rlbrmance d tM cov�snarr�s artd a�r+srm�nts o!Trustor.whether or not s��i�M hero►n,
<br /> (a) p�rllamor�ce,d`scMr�o!and compi►�nc�wiM twry tNm,covsnant odl�qatlon and wgrssmenf of Tiustor cantslned herMn w
<br /> Incorpor�d by rrte►�nc�a srty dhs�security►nznuntent at anytims Qiven ro secure ths Nots,and
<br /> fd1 f1�np�yueNnf oI�N otha►awr►�c�r hitws advancss,wiH►Mtsrest thsreon,whkh may herotolbn havs been a herealte��s adva�ced
<br /> by B�nNkYary t�o►Trtrstw a trus(ar'd succsssor in lntsrest or title,
<br /> �N ol wl�ch!a h�reJn�1N CoMsctivsly caM�ed Nts"/ndebMdness", Tiustor inevacably grants and transters M�iustee,!n hust,WITH POWER
<br /> OFSAI.E,f1�IbNbwtnD dascdbM • Lot Five (S). in Block Four (6), in Rolline Addition to tt�e
<br /> City of Grand Island, Hal Gounty. Nebraeke.
<br /> AI�ID
<br /> Lot �ro (2), Island Acree Nu�ber El�ven (11)� in the City of Grand I eland. Hell County, Nebraske. �
<br /> Coaprisiag All of Lat One. Ieland Acrea Nueber Six (6). A Replat of Lots Nineteen (19) and
<br /> Tventy (20), Island Acres City of Grand Island, Hall County, Nebraska.
<br /> lbQ�MNr wiM p)eN 6uileiinDs,a Wctwes, adddions,eMerQemeMS,modllicetions,.bpewn,�ep►acemeMS,end improverr►ents now a hereaRer �
<br /> bC�t�d EMrrd►,('N)sN squipn�eM,macAinsry artd 6xtures(inchrd4r�g.wif►wut limitsdon.al1 ApMirr�,Ae�lhng.ven6lahng.cooling.air �
<br /> COridlAb►�q,ap�MrAh9 and prwnbJr►�lixturss, waMr and power systems,eng�nes,boiN�s,renges,oyens, dishwashe►s,mi�rors end mante►s. � � _
<br /> C3/p�tl��Q.fumaCA�.dl btrmQ/s,Clevators e�M�►►0l0►S.Fehigl�!ati0►�,Qldmts d u�NtS.!`nmm�x*:�lw�n sysli!m�._�;�!��c,hAnclhrm�re�a{�tr:na/ -___-
<br /> pt�nrMK�slbrm anal scre�n wkEalow�,dnas,awNnps and sl�ades)now w hereafter attacbed ro.a buiK:n,any buil0ing a!rr►provemenf � _-
<br /> noN'e►h�w1p�►bcaMd fhsreon.(�1)eN ssSement�an0�ights o!way sppuAenanf fhsreto.(rv),a1V leasehold estato,righL titM and(nterQS10/
<br /> . -- TAMMw��w�M wNI....�..w .J...�L��� . _
<br /> _ ..-..,......�,...,...„,�.,�,�,i...mrn+..arir�i�wimr exisiing oe Cv�fs�EO iRtp(inCfU(lmQ.w�iior��rmrrason.au casn ena secua7y aeposr�s,
<br /> advav+c�+�ntah ar►d daposits a payments d s sinwle�nahrrol.peRa/ning theroro,(v)�N�srNS. issues. prolr'ts arM lncome theiefran(subject -
<br /> b th��h►ol hustor to c�olfact artd appy aucA ren1�,issues,prof+ts and lnca�s as fhsy becane dus and payaWe so fong as no eveM ol • -
<br /> ������1.(�1�►roYalties,nMnsnv,oi/eRd gas►ights and pr�a,water,weter�ights,and water stock,(vii)aN tenemtnts. ';�
<br /> MhaYtr'+��ts,privil��s urd eppuRSnenc�s Os�ar+gen�,used a eryoyed M connection thaewith,arrd(►�uJ eH proceeds oi convars+on, j—
<br /> ' ►rokxri�rr oi irtaaNnfhry,o/eny pf ths tpmqping MIO cash a Iiqul.7aMd clarms(including, w�Motrt kmitation,procee�l3 of rnsurence end
<br /> � cond�se►e�tlon�wsrds).aN of wlrlch!s he,elna/tsr coMectively cart'a0 the"Trust 3�roperry�•.
<br /> " TO PROTECI'THE S�CUAITY OF�H/S DEED OF TAUST, TR�lSTOR COVFNAN�S AND AGREES AS FQLLOWS: 'i',
<br /> 1. Tld�.TiusAOr covsnn►ts, wanants and a�reea wiM Benehciary,as se�ccessors and assrgns,that lrustor owns the Trust Pioper�I�e
<br /> hovn any P+for NsR a encw►►brance,N�a�MNS O�eed ol�iust is and will►emaln e velid end enlorceable 6rst leen on the Trust Fn;�,a�y,
<br /> tl►af Tiust+ar,af its sxpsnse,wip prossrve+such tiNs And wfq malntNn thls Dssd o1�rerst ss a 6rst and paramouM tien upon trte��st � ��
<br /> PropNry�nd w!A►lorever wainnf and detend the va6diry end priairy ol the lien Asreof agalnst the claims ol aN peraons and�ar�es �
<br /> whanswwr.Tiusta,et Ita expsnse,wiN cause tMs Deed a/Tiusl.ernd exh emerrdment a supplemertt hereto,to De f,k�d�d
<br /> ►ecord�M a�a n►oRgepe ol the Tiust Propetty�n such manner and rn s�.�ch pface and will take suah acUon es in the oprnran rsf Trustee ' �
<br /> m�Y�m4W�i by eny present a tuturo la�w+n order to perfect,maintain and protecf the lran o�'e�s Uaed o/Tiusf,as ehe same mey '
<br /> b�amM�dsd a SuppbnNntsd Irom time to eme. Trusto�wiN make such tvrther assurenee a assurances to peAect�ts 6tfe ro the Trust
<br /> P►npe►ry es may be ropuiret!by Beneficiary.Trustar he�edy relinqurshee a11 righf ot dawei and homestead ir,end to the Tiust Prope►ty_
<br /> 2• Ptym�nt or/ndsbtedrtess.Tiusta shell purrefuslly pa�the princ�pal o!end/nterest on the fndebtedness secu�ed hereDy.
<br /> 3• COr►nn�CD�on OI lmprovemen(s.Tiustor sf�ak cdnplete!r.�pnd workmanhhe mann�ei nny buddrngs,impiovements a reparrs r�labng
<br /> • (hsriMO whrCh may be begun pn the Tiust R.�pe�ty or contemp/ated by the loan evidenced by the Note seCured hereby,to pay when
<br /> dus dl costs and kabiliass incurred therolQre,and not!o perm�t erty consiructron lien againsf su�h lrust Property. In thv event
<br /> c�strvcEian ol buildlnps,improvements a repa�rs are contemplared, Trustor also sgnas,anyttring rn this Deed ol Tiust ro the cnnhary
<br /> �s��+^��!a)�0 P��►R�Y�'�►►sncs eny sucA walr end to compfete the prr�posed rmprovem�nts prompity,(D)fo complete the
<br /> s�1n�ccade»ce wfth ths p/ans and spec�6catiores as approved by BeneC�R,�ry, (c)to compty w�fh a��t►►e tarms ol a bu;ldrng loan
<br /> p►M�nNN�!�eny.behveer►Trusta end Bec�e6clary,!he terms ol wh+cn ace anaexporated herern by refe�ertce end made a pa�t heieol,
<br /> (dl b�Araw Bee�eficlary tolns�oect the Trr;sr Pronerry��aN times dur�r*�c�nsbucnon: dat!(e)fa r�,�ce sny work�r nrater.a7s
<br /> ��'af��Y���f+�Ethln lilteass(i3j days aff6�wriN�►rrohce�rnr 8erre/rC�ery ol SuCh/8Cf
<br /> �. Fwids Ra Paymsnt ol Charges.SubJect ta epprecable/aw or to e written warver by 8enetraary, Trustor sRall pay to Benel��iary on Ihe
<br /> liat d�y d sach monHr,p!Su�p�/ter Cgt�gach m�►�h�g�ay pe SpeCAred by Ber,,EP+c�aty,unt�!!he fnde�tedness�s pa�d�n fu1i. 8 sum
<br /> (AMaNfaKs�Caped fhe"funffs')eQua�to fi 12th of fhe y8arty texes and assessments which may artarn pria�ry over thrs Dettd ol Tiust
<br /> ir►d QrourW rsnts pn ths Tnrst Arops�ty,1/sny,p/us 1�12th o!the yea�!y premium rnstaliments!a harard rns�rance,plus t t?Ch n!the ' --`-`
<br /> YO�Y P�/�►H��`•SttHlllelltS fOr nlolfgege InSUr8riC9,rf any,ell a��easonably esNmated�nrtialty and from hme to trme by Ber�rfiaery on �
<br /> �M Dasls o1 essetsments and WAS and reasonable est�mates the�sr�t lAe Funds shall be he►d:n an Jnshtuhon, the depos+ts or
<br /> acce�tx►ts o/wAich ere lnsared a gueranfeed by a fedeial ar s�ete agency�nc/uding Benelrcisry Benel,crary sAaU 8ppty tha Funds fo
<br /> p�}t aafd t+Ix�s,�ssessirfsnts,lrtsuranCe prvmlums and ground rents. Benet�clsry shatl not De required fo pay Trusfa�any rnferest or
<br /> e�r�ir►�s O�the funds.BeneflCiary shsH gtve to trustw, wdhottt charge,an annual aeCOUnting of the Funds showing cred�ts and
<br /> debits to the Frun�f5 and H1e pUrppSa fpr wldCh eaCh debif to the fun��was made. The Funds ene pl�ydged es add�tion8�s��rrty for t
<br /> ��e A►debtedrte*...s secured by this Deed o!Trust. It the amo�nt ol the Funds heJd by Benel,clary, togeche�with the lufure monthly ~
<br /> ,�' � inslsMrl�lsMS o0 Furtd9 payable priw to the due dates of faxes,assessments,insu�anco premrums and grourtd rents,shs/l exceed the •
<br /> arnounf requl�ed b pay sAid taxes,essessments,rnsU�ance premlums artd grounC rents as they lall due,such excess shtill bo,er
<br /> Tiusto►'s opNOn,elther ipt� f �.
<br /> /� �+�Y�eQerd to TruSta�w cred�ted to Trusfor aga�nst lu�a monthty�ns!allments o1 FunUs. !1 the amount ot •�
<br /> lhe Ftw►dg herd Gy genefierg�.sd�e��r�o�be SuBlC�en1 to pay taxes,assessments,rnsu�ance prem�ums and ground rents es C!rey fa/l due, �cp
<br /> Ti�stor she�N pay t�6enefi��8ry any amount necessery fo make up Ihe defrciency wrthin thlrry deys norn she dafe nohcg rs�^^.��ed by �
<br /> 8eneliClary to T2;si0v rBquesffng peyment the►eof. Upon payment�n l�ll of QIf lndebte0ness.BenehC�Bry shall promptly ielvnd to •
<br /> - T���sfa eny Ft�nds held by Bone6ciAry f!Ihe TrusJ Prapo�fy�s sold under t!►e power of safo a►hE Tiust Pioperty rs ofhenvis4 ocpuned
<br /> - by Benei�clary,Bvnericrary shau appty,lmmediafoty p��a�to tho sato of the Trust P,operfy o,�ts ar-qws�t�on by BeneLcrr�ry,any Funds
<br /> _ he/d by Bont►hcrary et the hm�df 8pp!ier�tron es a c►od,1 aga�ns�rho inr�ep�adr.Qss !t Ber.r�hr.,,1ry• ;xec:�te�a w�;tte��wa�vEr c,�trusta c
<br /> � f v6ligations undor lnis par�agr�ph a. T�usta�cavvnants Nnd ag�ees►o pr�y, botoro�nn sr�me becarne tle�mquon�. �n►n�vs.assessme��rs
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