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<br /> � Deed of Trust
<br /> 1 ��tihs ��.� 1��7"4
<br /> � ��
<br /> � THlSqFEOOF 1RtlS�l�m�d�th+s �S day oi 3une , tg 90 ,byand B�tween��f£rey W. Ke�l} and �Ianey
<br /> �. .t tv♦ tiu.t��nd �y��� whether one a moie,(herelnafter celled the"�ru�tor';l:
<br /> who..m.iM�p acfalwaw s a�e d..�sbrA.��a._6eso� ._,
<br /> ab a• Nat ona Asdec iation h sana er c lled s"f�ustee",whose mailin eddross�s
<br /> ' MO�Y�ST�l� � rxn r =n �Ae�r�e�Ca, �aX�ona� Aesocia�ion Q
<br /> � 'u�d NOHWEST BANK ,(herelnditsr
<br /> CaMld fh�"BKfo1iClNy'1.whose ma�kng addross is_.P Q BoY ��flfla GI8I1f� IR And� Nebr wka 69802 .
<br /> WfTNESSETH:
<br /> !F THfS BOX IS CNECKEO( j THIS DEED OF TRUST CONSTITUTES A COAtSTRUCTlOAt
<br /> SEGURIIYA(iREEMElVT UNOER THE NEBAASKA COMSTRUCTION LlEN ACT AND CREATES,
<br /> ; GRANTS AND CQNSTtTUrES A C(7NSTRUC�IpN SECUAI?1�INTEREST IN THE PROPERTY
<br /> ' DFSCRIBED HEREINBEtOW.
<br /> � WHEREAS,Tiusbrls fnd�►OMd to BeneArc+xy+n Nre Frirn��pa!sum ol ONE HUNDRED THOUSANll AND NO/1Q0 ---W______�
<br /> QpNMS(t �.�_(�1,wMch IndsDMdrtsas is e►rid'e�rnced by Trustc»�s promissay nore dared .1 n�—, 19 4Q_. (hereinaAer
<br /> � ce�Nrd tla"Not�'),payabl�to N�e arde►ot 8e�e�iciery*and Aaving a rr�aturiry ol Julv 1 , 1991 .
<br /> ' MON�. �HERFFORE,tb+the�urpose ol s�caring:
<br /> � (�) payr►Mnt ol ths More,co�echar with�nterost ther�eom. tate cha►ges,prepayrr.�aF�.*enaltles,eny future advarcces,and aU extensions�
<br /> • moHlKcador►s,substihRior►s�nd ronewals thereof,
<br /> � {D) paym�nt ol aM Whsr sums,fes�a charges, rogether with lnterest thereon,advanced to protect the securlry ot this Aeed ot Tiust and
<br /> fM p�onnanc�ot ths cov�enants and agreemsnts n!Trustor,wher►rer a not sei lath herein,
<br /> � (c) p�rM�mancs,dlscMrpo ol and complianca with every term,covenant,obl,gat�on ancf�greement of Trustor conta���e�em a
<br /> ; ►ncorporat�d by rohronce or any other secui►ry lnst:u+nent et anynme given to secure the Note,and
<br /> ' (dj fM rrpaym�rtt ol arY oMsr sums or luture advances, with�nterest the�ear.whrch may he�etofore have been a herea!!er be adv�rre�d
<br /> , by Bsnsliclery b Tiustor ar T�ustw's successa,n rnterest or Gtte,
<br /> sN ol whkh 1�fMrelnalbr coNecbvey celUed th� "lndebitdne9s". ��usta lrrevacaDly grants and[rensfers to Trustee.�n t�u5� WITH POWER
<br /> � OF SAf.E,fhe fbJlowmq dsscnbsd proper[�r:
<br /> : The Eaet Fourteec� Feet (14' ) of Lat Four (4) and all of Lot Three (3a�
<br /> ' Block Nineteen (19). Morrill's Additinn to the City of Grand Is2and.
<br /> Hall County. Nebraska. '
<br /> toQeMsr wifh(i)all buildings,struCture9, edd�hons, ert�argenx+nts,mod�ScaUOns.►epa�r$,rep�acements, and rmprovemen►s now ar he�eaRe� "
<br /> IOCatrd fhe/e0n,(ii)61l�@yuipment,maChinery end hxtures(rnclud�ng,withOU!1�mitaUpn,a/1 liphfrng,heating, venU�aUng, Coobnq,eu � !•�
<br /> cor�ditioMng,apNnkling and plumb�ng hxtwes, wetRr and�awer systems.eRg�rtes,barlers,►anges. uvens,dishwasRe�s,m,rrors and mantels.
<br /> caipsHn�,lwnacss,a/Dumers,e/evstas and motas,retngerat,cjn ptsnts or un,ts,commurncar,on systems,dynamos, nanstwmers,electrical ,
<br /> ; sqWryrtNnl,stam end screen windows,doors.awn+ngs and shades)now or hereaKer aftAthed to,ar burtt�n,any Amidmg or improremvnt =
<br /> now a heroaner bcarod me�eon, p+i!e►r easemerrts and nghrs of way appurrvnant tnereio.pv�. arr reaseho�d estate.nghr,htle and�nterest�f
<br /> TiurMr ln end to a�/eases,whether nOw o�hBrealCf►►exist�ng o�entered►nta (mN.udmg, w�rhout t�mrtauon,a11 cash and secunry depos,ts, °
<br /> . •r;edvanCe renta4s ind deposits ar payments ol a srmilar narure/, perta+n,ng thereto. (v)a/�rents, rssues,profds artd�ncome therefront(sub�ect ;':;
<br /> ; � :.: t�tlts(lght of Tit�st�r to cdlect and apply such�ents,rssues,pro6ls and rncome as they become due and payaDte so long as no event ol
<br /> . tfs/aul�exlsts herounderj.(v�)a11�oyatt�es.mrne�el. od snd gas nghts and profAS,water,water rrghts,end w�tfsr sfoak. Ivn)alf tenements. -
<br /> : ' hsrod'd�rrrents,pnvil6ges and eppurtenareces tse►ong,ng, used o►en1oyed in connc�chon tho�owrlh, and�vn�)all proceeds o1 conversron.
<br /> . ►ro/untery or involuntary,ol any ol the taegdng rnro cash or►,qu�dared c�a�ms(�nc�ud�ng, w,thout nm,tanon.p�oceeds ot�nsurance anci
<br /> . •� condsmnatron awards),all ol which�s her�elnafter collecGvety ealled the��Trust Propu�ty'
<br /> � •.` TQ PROTECT THE SECUA/7Y OF THfS OfE0l7F TAf.!ST,tRU510H COVENANTS AND AGAEES AS FOtLUWS
<br /> , " 1. Tdle. Trustnr covenants, warrants and agrees w�th BenetiGary.�ts successors and assrgns.rhat�rustor owns Ihe Trust Property treo
<br /> ,; lrom any pri�orlier►a enCUmbrenCe, that th�s Deed ol Frust is arr�wdf re�mam a vafid end enlaceable h►st Ner�on the Tiust Properry.
<br /> ` thet TlustOr,et its exper�se, wdl preseroe such trtle and wrll ma��cfafn�h�s Deed of Trusi as a f+�st 8nd paramount Ifen up�n the Trust
<br /> Properiy and w�Jl t`ore�e�warrant and de.`end the valydity and prrr,�rry ol the lren hereol aga�nst tho Na,ms ot a►1 pe�sons and peRres
<br /> whomsoevei. Trustor,at�ts expense,wril cause m,s Deed of Trust,and each emcn�mQnt a sup�lement herefR. t0 be frled Rnd �,�'
<br /> re�oroled as e mortgage o/the Trust Properiy,n svrh manner and��such p��co and w�lt lake such act�on as+n the o�mron o!T��steo
<br /> may be►equlrod by sny p►esent or f�ture lew irt o�der(o peAec;,matnra�n and pfotsct the l�en of thts Deed ot Trust,as the same may
<br /> bs smertded a supplemerr[ed ham G�me ta trme.Trustor wrN make sucn�urtf,er�t�.sur�rrcv or assurancos ro perfecr rr�GtlC t0 fhA truS!
<br /> PriDpeAy as may be rr3quirerl by Benelic�ary. trustar her�Dy rvbnqu�shes att irgnt o1 dower and homestead�n vnd ro mn�rust Properry
<br /> 2. Payment of lndabtF�dness. Trustor shell punctu�ll��ay[he pnnc�pa►of ond rnterest on the!nclebtedness secured hareby
<br /> , 3. [:RX�.dri�E'.t�O�lm�YP+�s. Tncctrx shaU�amn+P.tg in rxxxi anti wwi�mari�3cn maru�r any btcldrngs.unptuvrrrt�u�ts ui repau�rtltturry
<br /> fheret0 wMch may De bequn on the Prust aroperty o�contemptated Ay the�oan ev+denced by tr,e No1e secu►ed he�eby.to pay wnen
<br /> dtle a/!cosls and liabrlities rrrcurried therefore.and nat ta peimd any consdruc��on Gen ega�nsr surh Trust Property In the�rvent
<br /> construction ol buildrngs,improvements a repa+�s a�e contompiated. Trustor atso ag�eos,enhhrng rn t11�s Dc+ed o►T�ust ro the c�nhary
<br /> notwifAstandirtg;(�)t0 p�ampUy commenCe enys�:eh wo�k and to comptefa the proposed�mp�ovements p�omplty. Ib/ta complete tha
<br /> � same in aCCadanCe w��r►the plans and spec�6cat�ons ss approved by Bonefrclary. Icl to ca>np�w�tn a»tne te�ms o�a bu:tdtng roan
<br /> agreement,it any, between lrusra and Benel�c�ary.tne te�ms o1 wnrch o�v rncorpwated no�P�n by refe�eRCV and made a pa�i hereof,
<br /> (d}to allow Beneficiary to�nspocr the�rr�st Property ar au trmes dw�ng conshuct�nn,and lo, to re�!�tct�an�wo�k or mat�nals
<br /> unsatisfactary ro Beneticiary w�thrn I�Reen(t51 days aher w�men not�ce born Benehc+ary a}sur.n f��cr
<br /> I. Funds IP�Peymeni of CharJes.Subject to apptrc�b!o tarv o�co a wnren wa,ve��y Be�cr��crary. TrUStar snari pay to�eneh��ary an ene
<br /> hrst day Of eaCh month,pr such o1he�date each mrtnth as may bo sRRC�l:ed by Benefrcfary. untfi the tndebledR�ss�s pa�d�r. lu�l. a surn
<br /> hereinalter ca/led ihe"Funds")e ual to 1 12th o/the ear! taxes an.7 aSSessmenls�vh�rh rr�• att3�n r cn o:e�th!s DeQd of Trust ` �`"�����
<br /> ( V Y Y J ' P N
<br /> and ground rents on!he Trust Piaperty. �t any,plus f 17rn of rhe yearry premium�nsrat.ntYntS 10:��arard�nsu�aRee,p'us � t2rn ot tne
<br /> � yedrfy prem�um instaUments lor morgage�rswance.�l�ny, aU as�easDnatrly esr�mated mraa'�y and!rn,�n t:me ro nme Uy f3Qnaf,c�ary en
<br /> the basrs of a�sessments and brl�s and r�asanab.'e es�rmates thereof Th.e F�mds Sh�,'.tte.hE��m an�nslrfu.'•on. tFh deDOS�1s v�
<br /> � accouRts of whtch are insured or guaranfeed by a Tsderal oF state agency rncrua.ng Be.^.etr�.�ry Be�e►:�-a�y s�a,l app'ry tha Fun�s to
<br /> pay se,d taxes.assessmenfs.�nsurance prem�ums and ground rents Bone�1c•ary snar:��r be requ-�ed tp p��y F�uSfOr�ny�ntE res�or
<br /> eamings on the funds. Bene%crAry sha/1 g�ve to Trustor. ►vdhoLt cha�go.an annual acco�rPr.q h�the fu��s shc;.z�rq cred�ts ��^d �
<br /> � Ueb�ts to the Funds and the purposo lor �ih,ch eaCt�d@�.'f CA fhP Fund3�Ye�m(1JP Th�Fc��7�5 d�t`C��dr'yE0�7�ddd�!��.'id�SPCU�iI� fP� �
<br /> fhe Indvbtedness secured by th,s Deed ol T►usc Ir thp�'tmOUnt Ol thB F�rra�hE+''J�}yv fJE)rtFkC�:?ry ���iJe1rE�� .�'fh(!'n/;���rE�rT:J�r.Ni�`. ��
<br /> insta!lments ol FurrdsD�Yab�e pnor totrrQduoaat�s ottaxec. assessnrents +��5�:'8�•;P Gtlpm_,my d^C7 q•C.�'%J+�"�'� S''f1 f'YCCCC7/��0 �,.}
<br /> amount requ�red to pay sard taxes, assessn,ents,r-rsu�ancc��re'»UR'S(tnU C1�C'.."'1�C^'+ i15'^Cr !cl' tL;t' ' :.0�`t'iC f'"•S ti'•:i'.f:t� .!! ��
<br /> �►usfor s optr�n. e�ttter��umptty rep.l�d f0 TrUSfO�o'C�edd:?ty tv 7ru5."-r<�7d rtt�f:�;�.'e .•,I�. . ,•�� -,�• , ,��f-.,^%1. '��r.i�•,,,,� ,� ;Ly�
<br /> tho Funds hotd by f�errolrer;�ry sh��r not t�e s��N,,c'P�'!�O��Ij�f<t►NS. :iSSVS�rr•'�•,•.. �':.:.',r� ,,e'! ' '�' , �� ��••+`,:J'�'�t I'� ' , f, '�•. �'r I �. �lf i�
<br /> T/US�Of S�l�tll(Ja}/(U BCReIrC�d!}/A/ly ci/11'JJfif!iCCe5�3/Y�t`rt'�fk(,'�s!'�r'!.� :T(•f: t'1�: � �. '�; , •n.r ,L�.�. �...•r � ,,i:�r, . • � . _ , , ; 1
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<br /> Benelrc,ary•ta rru;(or ic.`L�l/[!Sbng p�eyrnCn(ft:er<.��f �JtlUf��hJ:'ITl'J�1•,l �.; l • r,�• .lt f='r.••.i'.�.r'�e"'t ` �'. '.i i�" � � . . '
<br /> Trus(Ntrny F•rnds hE��U by Be,r�fr:��,rty ��Ihe I,�,cr arol,•_ �t, .,, ,��,• <<..• .•i .. - . • � , . • . . . , . ,
<br /> b,�8onr.F.���ry Fs;��:eGC,:�ry sn��;t<rppl�. =,in•ed�.th , n�. . ���•. �:. ' �.f• , � . . . . . • ;. , , . . , .
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