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<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />89--. 100487
<br />TMS DEon�ra -R 7.995 made this 27 day of January , 19 $2 ,
<br />between
<br />whose m dd is. 20b west btl "t: Wood River, Nebraska 3 '
<br />as Trustore, g,>a oFin unnzng am attorney
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<br />whose mailing address Is 222 N Ced*r Grand Island, Ne. 68801
<br />as jr pe ne d s l�rw�at
<br />e. n Ibrbraska, Inc., whose mailing address is 2337 North Webb
<br />rbttf` I an , as Beneficiary,
<br />WITNESSETH, Trustore hereby irrevocably, gr t bargain, sell, and convey to.Trustee in trust, with power
<br />of sale, the following described property in li County, Nebraska:
<br />Lots Eleven (11), and Twelve (12), in Block Eight (8), in Brett and Johnson's
<br />Addition to the Village of Wood River, Hall County, Nebraska
<br />Together with tenements, hereditament% and appurtenances thereunto belonging or in anywise appertaining and the rents, issues and
<br />profits thereof.
<br />This conveyance is intentl,1g pose of wring the payment to Beneficiary of Trustors' indebtedness evidenced by a. Revolving
<br />Loan Agreenoeat dated I9 pursuant to Wbich an advance has been made in thz sum of $
<br />together with charges according t a tbe. terms of said Revolving Loan Agreement, and also any and all indebtedness, sums, future advances,
<br />and charges now, or as may heoa &r bd or become owing by Trustmr'ta Beneficiary, under said Revolving Loan Agreement or any future
<br />Revolving Loan Agreement.bet;eveen Trustor and Beneficiary up to a msiflmLm tmpaid balance of $25,000, and also payment of any sums
<br />expended or advanced by Beneficiary to protect the security hereto, De%uit in making any payment shall, at the Beneficiary's option and
<br />without notice or demand, render the entire unpaid balance secured hereunder at once due and payable.
<br />To protect the security of this Deed of Trust, Trustor covenants and agrees:
<br />1. To keep the property in good condition and repair, to permit no waste thereof; to complete any building, structure or improvement
<br />being built or about to be built thereon; to restore promptly any building, structure or improvement thereon which may be damaged or
<br />-destroyed;- and to comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the property.
<br />2. To pay before delinquent all lawful. taxes and assessments upon the property; to keep the property free and clear of all other charges,
<br />liens or encumbrances impairing the security of this Deed of Trust.
<br />3. To keep all buildings now or hereafter erected on the property described herein continuously insured against lose bk• fire or other
<br />hazards In an amount not less than the total debt secured by this Deed of TruaL'All policies shall be held by the Beneficiary, and be
<br />in such companies as the Beneficiary may approve and have lose payable first to the Beneficiary as its interest may appear and then
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<br />to the Trustor. The mount collected under any insurance policy may be applied upon any indebtedness hereby secured in .each order as
<br />the Beneficiary- shall determine. Such application by the Benefrciargv, shall not cause discontinuance of any proceedings to foreclose this
<br />Deed of Trust or cure or waive any default, eer notice of default or. invat<idate any act done pursuant to, such notice. In the event of foreclosure,
<br />all rights of the Trustor in insurance policies then in force skull pass:to the purchaser at the foreclosure sale.
<br />4. To obtain the written consent of Benefkiary beforet.eelt ,,co %veying or otherwise transferring the property or any part thereof and.
<br />any such sale, conveyance or transfer without the 8eneiiciary's -rit* consent shall constitute a default under the terms hereof.
<br />6. To defend any action or proceeding purporting to iit%ct the seem t *,hereof or the rights or powers of Beneficiary or Trustee.
<br />6. Should Trustor fail to pay when due any taxes, assessments, insiuuaince premiums, liens, encumbrances or other charges against the
<br />property hereinabove described, Beneficiary may pay the same, ana the amount so paid, with interest at the rate set forth in the note
<br />secured hereby, shall be added to and become a part of the debt secured eft this Deed of Trust as permitted by law.
<br />IT IS MUTUALLY AGREED THAT:
<br />1. In the event any portion of the property is taken or damaged . sa an eminent domain proceeding, the entire amount. of the award
<br />or such portion thereof as may be necessary to fully satisfy the obligation secured hereby, shall be paid to Beneficiary to be-applied to
<br />said obligation.
<br />2. By accepting payment of any sum secured hereby after its due date. Beneficiary does not waive its right to require prompt payment
<br />when due of all other sums so secured or to declare default for failure to so pay.
<br />3. The Trustee shall reconvey all or any part of the property covered by this Deed of Trust to the person entitled thereto on written
<br />request of the Tra ter and the Beneficiary, or upon satisfaction of the obligation secured and written request for reeconveayance` made by
<br />the Beneficiary.cr the person entitled thereto.
<br />2143 G04 (NE)
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