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<br /> CUNTS: b
<br /> DEED OF TRU�i 9Q����� .!
<br /> • � (Open End liultiplo Hato) �,�
<br /> � ihi� D��d of Trut�t 1• t�a�e th1� 16Lh day oE � A��l �. 19��0 �, by and among
<br /> _�
<br /> hR��irt�(��r �� •rr�d Ec� �r Tr�utor, vhoYe�eail=n xddre,+e ie ��Q�
<br /> AY'@C1d R. $I�RC,k . Attarney at tiv� hereina£tes seferrtd to ao
<br /> �i'cuatee,{�rhaae �fll�� :ddrsts �s P_ O. Aox 7�_ f:ranR Tu :
<br /> , and 2Ht Ol'�I,AND H.ATIUIiAI. DAtiK OF C1tA.YD ISI.AND. hercinafter referred to s Deae c ary." vhose a�ilins
<br /> addru■ i• ?. O. Ilaa 1668. Grand Ialand, Hebraalca 68802.
<br /> For valwble censidesatinn. Tru�tor lrrevacably gsante, transfere, conveys and as�ig�n• to Trustad.
<br /> in tsuot. with po+wr of o�le, far cAe Denefit a�J aecurity oP Eeneficiary, under and �ub�ect to Clio
<br /> i x�s� and condition� of thi� Deed of Trwt, ct� fol�oving-deocribed prop�rty, loceted in _,�7.
<br /> s Co�ty. Nebt�slu. to-vit:
<br /> ' IAt N�II@ (�). �l'1 BYOCSk�bur [4�'_��� I�PTIFL�f ,
<br /> ' Riv�erside Ar.res, an addition_to the Citv oi �
<br /> Grand�sland•�,�,1 L�w�ntv� Nehra A_ ' •
<br /> to'ether with all buildinga. improveaents� fi�cturea. �treets� aliey�, paasaQ�euays, ee�a�aents. right�.
<br /> ' privll��e• ana appurt�nances located eMreon or it� rny vay p�reai:►ing ehexe�t�+, and the renta. issnes. •
<br /> p:ofit�. re�ersioas aad the ce�inders theseof, includins all auch perions2 proparty ehat i� attach�d
<br /> , to th� i�pror�amt• �o a� to coostitut� a fistu:e. all of vhich. includir+g replacemante and addition�
<br /> ; th�s�to. asa hcr�by d�cl�red co be � part o! the real eatate ca�veyed in trust hereby, it being asreed
<br /> ' tMt a]1 of th� foraaoing �hall be hereiraft�r referred to a� the "Propnrty."
<br /> � t011 THH PURPOSE OF SECURINCs •
<br /> (+) the payient of personal indebtedn�ab axflig fros ?rwtor to Beaeficiary. as
<br /> evideaced bp ?soNisaory xoter o! �►ariou� dates in the total preeent principsl amo�nt of
<br /> ____ (9_, ):
<br /> (b) tM pay�ent of Sates�at at the rate or rate■ provided in the a:Fare-deacribed notes aad
<br /> eh� p�a�eft of boin psincips� Uad intereat on any and all renevails, mo�i.fications and eatenstone �
<br /> of �uch notes; �
<br /> (c) the pay�ept of priaciyv:L +�ar:� lntereei oo wny future advaace 'a� t�y tw evidenced by
<br /> psowi�sory aote� •tati�g theg qr�e �cazxured by thi• Deed ot Trust; provided, hovever, that the
<br /> ,�.
<br /> total princiQal ladebteda�s�, not including ausa advanced to pratect the aecuritp or interest
<br /> accrued. �hall not ezc��� ct�e s�a ot FOTtV 'Il3ou.�and and Nol100------(S �U���•(10 ); � =-
<br /> �.:
<br /> ' (d) th� ptrforaance of each agree�t aad toveaant of Truetor herein contained; and --
<br /> � �
<br /> - --- -- - (e) ._ tht kvY�ent of.aey eia o= sims of mnnev vhich eav he heiesfter naid or advanced hv !-
<br /> Deaeflciarg .u�=r the teraa of tk2s Deed of Trwi, togethcr vith iatcrest at the hlghesi •
<br /> rate provided la the not�s ercured hereby. —
<br /> 1v, protect the ascurity�� thia DGed of ?rusi. Truetor hereEy coveaatfta and agreea ae follova: �
<br /> ' l. P,t�raant of Indebtednsu. To pay vhea due. tb� principsl of,.and the laterut on, the !a- �-�
<br /> dtbtedna:�evidenced by tt�e aote. chargea. fees aad a,l other suas a!i pruvided in the losn 1n�tru- ��
<br /> , �nmts. .
<br /> , 2. �itle. iruator i� th� ower of the property and has ehe rigbt utd auttiatity to ezecute
<br /> � el1�f.� D�ed of Trust in reatpect to th� property_
<br /> � 3. ia�• and bses�raents. Ta pay. vh� d:sti� all tue�. opecial asseas:eute �nd all oi}�er
<br /> ehszgea againat the pYOpssty. before the �a�e becose delinqu�at. and, in the eveni Heneficiary
<br /> i thall so require� to add to the pay�mt• requised uader the note eecured hereby. euch �soutt as
<br /> �sy Ae �ufilciant to enable Baneficiary to pay sucb ta�tea. assesss�nts or other charges as chey •
<br /> � 6eco�a due.
<br /> ,�`
<br /> � � 4. In�urance. To keep the 11NQTOVtdlflt6 nov or hereafter located on the real e�tate !;�~
<br /> de�cribed hexein in�ured agaitut daaage by fire and such other hazarde ae eeneflciary eay require. '. •
<br /> !n �sovnts assd' co�panies acceptab2e to Eeneficiary, and vith Ios9 payable to Eeneficiary. In cas•
<br /> � of loas under such policlee, 0anefleiary !e authorized to ad�ust, coilect and cc�romire. !n ite � .
<br /> diRCretloa, a21 claima thereuider and. at !ta eole option, Sa authorized to eltker spply the pro-
<br /> ceeds to the reatoracic�, of tha property or uptm the indebtedness sectared hereby. Dut psysent•
<br /> required by the note eftaIi contin�e uatil the siaa aecured hereby ore psid !n full.
<br /> S. R�pair. ltaintenance and Use. To prvaptlyr repair, reetore U�r cebuild aay buildinge or
<br /> laprov�rint• nov or hereafter on the proDe:ty; to keep thn propersy•#n good cortdttion a:sd repair.
<br /> vitA�uL vaste and free fro� :echmics os other ]lens not e:pres�ly'eu�ordioated to the lien hereof;
<br /> to not �alc�. �utfer or penit any nui�aace to exis�t nor.to dininiyh or lapair the vslue of the
<br /> . F�aD+;=Y by anp act ot os1a31en ta eet; attd to caxply vlth all zequitc�asts of 2ay vii3e sespe:t
<br /> to ths praper[y. .
<br /> 6. Condwnat4vn. In the eveni the property. or rny part theteof. shall be caken by e�inen[
<br /> ao.wu�. eeneficiary s. mciciea co collect and receive all coapeneation vhich may be paid for nny
<br /> property iak�n or for d�ages ta property not taken. and Eeneficiary shsll apply a„nc �otipenaation.
<br /> �t its option. either to a reduction of the lndebtednese secured hereby or to repair and rest.ore
<br /> . the property so taken. �- -_-____-
<br /> 7. Perfots�nce bY Bene£lclary. Seneficiary may. but �hall have no oDligation to. do as�y act
<br /> vhich Trustor h�� sgreed but f�iled to do. and Beneficiary eay elso do any act it dccos aeceasaty
<br /> tn protect the lirn hereof. TtiusLar ogseea to reyay, upcm desand, any s�s so expended by Bene-
<br /> ficisry for the aDove purposes. aad any eue so expsnded by Beneficisry shall De added to the !n-
<br /> debtedrtaas seCUred hereoy and became se�ured by the lien hcreof. Beneflciary shn12 not incur any
<br /> persotfal Ilability becnus�e of anything it aay do or oait to do here�der.
<br /> � 8. ZnSpections. 8enefl�lnry, or ite t�Rertte. represeritotive� or vaskncn. are auciwrized co
<br /> enter at any reasonable tine upon or is� any part o.' the propen v for �he purpose of ln�+pectin� the
<br /> enae and for Ch.e purpase af parfoxaing any of the acis ft �, authoriaed ta �crfort� �[n�er [lir (ero�a
<br /> of any loan laetrimente execii[ed �+y Trus[nr. �
<br /> 9. Asei sent of Rente. Beneftcier shail hnve the ri ,ht ,?ouee :.nd nuchority durin iFc ��
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<br /> Y F . ,
<br /> contlr.uance of this Ueed �f Teu[�[ to cvllect tl:� rents, lseaur� nrt� pr.fita of the pr�,perty nn9 nf
<br /> any pereo�ial. propeety loceted therem� vtth or vttt�:�ut takl.ry, p�,;s�•sv:an .;f ch�• prr•p�rtv ntit�•:tc•d �'
<br /> hereby. aced 7►uat�= heeehy dbBOluLCtV and �u c u�ilt ic;nnxl�r u��r.t�na. nl. �.u:L rrnt�;, f tiwurs an:t ;.ruf ft• ' '
<br /> tb Br-.::ftct(�rv. Henefici�ry, hotin-ver, hcrt�bv �•.�n^,ent r� tr� ;Tu��t��r ' . �•i 3 e:t t�m a:.J t�•t F ut t ;. ••f r.u,h
<br /> renta. fo^ues nnd pec�fitr, nn thev nrrru�� nnd hi•cn:�e pa,-ablt, ., I••u� :��. ':ru•�t.�: 1�i n..• , n: ._c�. t !^r,
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