|
F
<br />89 QO 3 7A
<br />i
<br />DEED OF TRUST
<br />p,�lio�EED OF TRUST, mode this 13th--- day of January_ 19 89 by and among Patricia A. Paulk, a single.,
<br />whose moiling address is�Rt, lit. Box 125 Wood River, NE 68883
<br />(twain "Trustor "); and BANK OF WOOD RIVER , whose mailing address P. O. Box 487 Wood River, NE
<br />(Wain 'Trustee " and "Beneficiary "). RANK OF WOOD RIVER
<br />FOR VALUABLE CONSIDERATION. including the indebtedness inclentified herein and It* trust herein created, the receipt of which is hereby
<br />ocknowledped. Trustor Irrevocably groats, transfers, convoys, and assigns to Trustee, IN TRUST. WITH POWER OF SALE, for the benefit and
<br />security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real property described.os follows:
<br />Lot Two (2), in Block Four (4), Chamberlain's Addition to Wood River, Hall County, NE.,
<br />except the 117' conveyed to the State of Nebraska as shown in Warranty Deed recorded in
<br />Hook 118, Page 597.
<br />TOOETHER WITH, all rents, profits, royallies, income and other benefits derived from the reQD property; oil leases or subleases covering the
<br />real.property or,any portion thereof, now or hereafter existing or entered into, atfd all right, title and interest of Trustor thereunder ail in-
<br />:
<br />ta.rSts, t:awtre or vats, t,(t,tuw, vvtii ur wfrir utiu irr ttyiruY, WiilCtr n Ustve tibtri thisr Qt ttrvy ttartsuriei-ocyuiry to tttc rrur prvprr tyi utl Ct;iaifii(riiis.
<br />- - - - -
<br />rights -of -way, tenements, hereditoments and appurtenances thereof and thereto; all oil and gas rights and profits, water rights and water
<br />stock; all right, title and interest of Trustor, now owned or hereafter acquired, in and to any land lying within the right -of -way of any street or
<br />highway adjoining the real property, any and all buildings, fixture §, improvements, and appurtenances now or hereafter erected thereon or
<br />belornging thereto, (herein referred to as "improvement" or "improvements "), and any and all awards made for the taking by eminent domain
<br />or by any proceeding or purchase in lieu thereof, of the whole or any part of the real property.
<br />All of the foregoing estate, property and interest hereby conveyed to Trustee heroin collectively referred to as the "Property ".
<br />THIS DEED OF TRUST SHAH SECURE:
<br />(*)The payment of indebtedness evidenced by Trustor's note of even date herewith in the principal sum of Eight Thousand
<br />Three Hundred Fifty "t:wn. and No/ 100------------------ _ -- -Dollars (S 8,352.00 _ ),
<br />together with interest of the rate or rates provided therein, (herein.. together wiIN any and all renewals, modifications, and extensions thereof,
<br />referred to as the "Note ") both principal and interest on the Note being payable in accordart'.-with the terms set forth therein, reference to
<br />which is hereby mode, the final payment of principal and interest, if hot sooner paid and if no renewals, modifications or-extensions are made,
<br />January
<br />due and payable on-- rvJ 1$x 1994
<br />(b) The performance of each Agreement and covenant of Trustor herein contained,, and
<br />Z.
<br />(c) The payment of any sum ar sums of money with interest thereon which mdly be hereafter paid or advanced under the terms of this Deed of
<br />Trust.
<br />(d) The payment of any future advonces necessary to protect the security or any, future advance made at the option of the ponies; and,
<br />(e) The performonce of an obligation of any other person named in this Trust Deed to a beneficiary.
<br />TO PROTECT THE SECURiTY.CF THiS DEED OF TRUST, TRUSTOR HEREBY COVENANT$ AND AGREES AS FOLLOWS,
<br />>l. f aymmill of Principal and interest. Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the
<br />Note, and ock.ather charges and fees as provided in the Nate, and the principal of and interest on any Future Advances secured by this Deed of
<br />Tr+ast. • .
<br />2: Worronty of Title. Truttnr is lawfuflV seized and,possessed of good and indefeasible title and estate to•the Property hereby conveyed and
<br />has the right to grant and. ebnvey the Mbperty; the Property is free and clear of all liens and encumbrances except liens now of record; and
<br />Trustor will warrant and defend the-title err the Property against all claims and demands.
<br />. 3. Malntemoce and Compliance with. t,ws. Trustor shall keep the Property in good condition and repair and shall not commit waste or permit
<br />impairment or deterioration of the Property and shall comply with the provisions of any lease if his: peed of Trust is on a leasehold. No improve-
<br />ment now or hereafter erected upon the Property, shall be altered, removed or-deaiolished without the prior written consent of Beneficiary.
<br />Trustor shall comply with all lows, ordinances, regulations, covenants, conditionsaM restrictions affecting the Property and not commit, suffer,
<br />or permit any act f be done in or upon the Property in violation of any tow, ordinance, regulation, covenant, condition or restriction. Trustor
<br />'
<br />shall complete or restore promptly and in good workrnonlike manner any improvement on the Property which may be damaged or destroyed and
<br />pay, when due, all claims for labor performed and materials furnished therefore and for any alterations thereof.
<br />4. laewanee. Trustor, at its expense, will maintain with insurors approved by Beneficiary, insurance with respect to the Improvements and
<br />i
<br />personal properly, constituting the Property, against loss by fire, lightning, toritad'o, and other perils and hazards covered by standard extended
<br />coverage endorsement, in an amount equal to at least one hundred percent of the full replacement value thereof and insurance against such
<br />other hazards and in such amounts as is customarily carried by owners and operators of simular properties or as Beneficiary may require for its
<br />protection. Trustor will comply with such other requirements as Beneficiary may from time to time request for the protection by insurance of the
<br />interests of the respective parties. All insurance policies maintained pursuant to this Deed of Trust shall name Trustor and Oeneficinry as irt•
<br />f'
<br />sureds, us their respective interests wily uppeur, ond provide that thane shull be fto cancellation or modificution wilhout no less than 15 days
<br />r
<br />prior written notification to Beneficiary. In the event any policy hereunder is not renewed on or before 15 days prior to its expirotiun dote,
<br />i
<br />Beneficiary may procure such insurance in accordance with the provisions of purogroph 7 hereof. Trustor shall deliver to neneficim y flip or iymnl
<br />policies of insurance and renewals thereof or memo copies of such policies and renewals thereof. failure to fur nish such 4mutnnre by it tut tar . nr
<br />renewals as required hereunder shall, of fhe option of Beneficiary, constitute a default.
<br />-
<br />
|