|
_ � __ ___
<br /> . ______
<br /> 1 �
<br /> i
<br /> I
<br /> � ��xs ....].0 3"7 3 6 oeed of r�usr
<br /> 90 90��s a
<br /> � Triud Properties Litnsted
<br /> tNIS OEFO OF TftUS�ls mads Mls_.2�tSL day ol E4�trua rv_, �g�,by and between Partnerehi�'_g� Tr�Bd
<br /> .-.�a1►'�tiwttCs �'•nr��t.iQa._GtntYal P.a=Lne�_ whether or+e a more,(hereinafte�caUed the"Tiustor'y,
<br /> whoa�m�g�ddnss is��.�.. B41�1Q8, Alda, Neb�kt��@@1Q
<br /> �R ST N ��Ica,��a�e�o�CiB.tiQ� __ (hereirrafier cal/ad the"Tiustee"), whose mall�ng addross is
<br /> .�. �ox �7 , raM � ana, n� entlNDAWES�BANK N_e�aska. Natian�l Aesociation
<br /> C�N�d th�"B�ficlary'),wl►oss mailing address!s P- Q�Bo�1�e_. _��nd181and�NE b8802 „�, �����i0a�r
<br /> WITNESSETN.•
<br /> � IF THfS BOX fS CHECKED f )TNIS OEED OF TAUST CONSTf�U�FS A CONSTRUCTIUN
<br /> � SECUAITY AGREEMENT uNDER rHE NEBRASlu1 CONSTAUGTrON LIEN ACT AND CAEA TES,
<br /> i GAANTS AND C0IYSTITII�ES A CONSTRUCTfON SECURJTY lNTERES7!N�HE PROPERTY
<br /> , DESCRIBED HEREINBELOW.
<br /> ; WNEAEAS Trust�ais lndsbted to Bensliciary in the principa!sum ol EIGHTY FIVE THOUSAND AND NO/100 --------------_
<br /> , 0�lfdrs(S g�a0.4��IL),whlch indebtedness rs evidenced by Trusto�'s promisso note dated FebruArY 23, �g 9p , (here�naRe�
<br /> CNbd H►�"Nbto"),payabJe to tlre order o/Beneficiary and having a maturity ol Marc�l��, 200� _ _�
<br /> NOW,THERE�ORE, for tl►e purpose ol securing: �
<br /> : (i) paymsrrt of ths Nbte,rogsthsr witfi tr�terest tl►W�eon,late charges,p�epayment penalties.eny luture advances,and aIl extens�ars,
<br /> • , modNlCadons,substitulions and rstrewels t�ersol,
<br /> (b) payri�snt ol ell vthe►sums,fess a charge�,cLg�ethe�with interest thereon,pdvanced to protect tne secunry of thls Deed of Tiust and
<br /> tM ps�Mrmanc�o/the covenants and agrc�ernents ol Trustc�r, whether oe r!ot sef fonh here�n,
<br /> . (a) psrifonnance,disCh�rgs ol and compliance w�ih every term,covenant, o07rgaron and agreement ol Trustor confarned he►gin or
<br /> rnCOrpo►ated by reMrenca a any other securiry tnshume�t at anytirne given to sc�cu�e the Note, end
<br /> • (d) the ropAyment o/alf othar sums a luture edvances, with�nterest therepn, whrch may herefolore have beon er hereafter be advanC8c/
<br /> � by B�n�Nci�ry to Tn�sta or Trusta's successor�n�nterest a trt�e,
<br /> ' ell of wAkh is herelnaRer coNeCNvely calletf tir0"Intlebtedness �. T►us;or+irevocAbty g�ants end hdnsfers to Trustee.+n busf. WITN PO WER
<br /> OF SALE,the fofbwing descrlbed propeRy�
<br /> ' 5E� A'TTACNED GXHIBIT li
<br /> tv�.+t�with��a!!burldrngs.SUuctures,�ddltrQn�, enlsrget�z�rtts,m�d:catrcns,�e�arrs.�sD►acernants, and rmpr��csments n�w C�he�aefiei
<br /> ,bcaMd thefeon. (ii)all equlprnent,mac?rnery and hxtwes frnclud�ng, w,thour Irm,tation,a�1 l�ghimq,hv��hn�, ventdaUnq.coo�ing,arr �
<br /> ''CCnditipMng,spnnkling end plumdrg h,�tures, weler and power systems, engmes, t��e��.�angps.ovens.disAwas!►e�s.mirrors nnd mantels. �
<br /> ' Ce�ls�ing,lumaCes.oil�urne►s, eMvero►s a►*d mofors,refnge�ahon p:ants o���nrts,cemmun:catrnn systems. dynt+rnos. �r,�nsforme�s,electrrcat
<br /> squipmenf,starm end sc�en w,ndows.Aoars,awn,ngs and shadesl naw�r h�rorihe�anaCned ta,ar Du+it rn,Any�u�1[Jrn�or rmprc3vement
<br /> � now a h9�eaCgr lOCated t:'rereon, (�u13'!easement�and��qhts of wa►�c+ppuRenant theret^ ,�:�,aft lQnseho�d ostatQ,r,qnt, trde anrt�ntefost ot
<br /> TIUStU�lA A»d t0 dNlBdS@S,whefhei�rv o�he�eel�er ox�stmg or enterad��to(�n�luc�lm,q,w�•!.n:,t f,m�tatron a!/cash and secur+ry depos��s. °
<br /> edvet►Ce rpntals and dep�srts w payrr.ents ol o sim�l�r natu�eJ,perta�runr trte�ata. �v►al�rer•.�5. .SSUes.prohls t�nd�nchms MCSefro»�(suDJect
<br /> to t1M�ight of TrustO�f0 celY`ect an��p�ty SuCh tents.,ssues.prolr�s xntl mcumo as f��2y becomn UuQ c�aIDDay3lht�►50�Ung as np�vent ot }_
<br /> default exists hereundei), �v,)aU royalUes,mrnp�Rl,oel and ges nghts�nv prefrts. wator,wate>>�gnfs.an��c•ater stock, (v�,��1�tenernenfs.
<br /> heredrfame�ts,privilegeS artd appuRenances debng�ng,usttd�r un;ayoci�n�onneCtion fhC:i�with.Ftn�{,7,r)e�1 prt�ceeOs o!convers�on.
<br /> votuntery w rnvGunt�ry,ul eny ot fhe foregprng�nto c�sh or liqu:datod clajms I�nc�ud�Rg,w�lna<�t l,mrtaton.piaceeds ot msurence and
<br /> condemnaGca;awerds�,ad of whrch�s herernaRe�co�ruch�ety c,�lred tr+o� 1rus1 Properry
<br /> TO PROTECT THE SF'CURITY OF Tii1S DEED OF 1RlIST, TRUSTUR C:OVfNANTS AAt�AGREES AS rpCLOWS �
<br /> t. Title. Trusto�covenants,wanants and agrttes w�m BQnel,c;�ary. �ts succflssas and ass�gns. tn��t tn�stc.v ax•ns rhe �rust Praporcy �roe
<br /> , /rom finy pnor lien or encumbraRCn. that th,s 17ee�al Trust�s and�a�u�emar�r a va<<d ar.d anfo�ce��ble l�rsi�;c�n on the lrusf P�Op��iy.
<br /> , that Tiusta, at rts expense. wrJ�,�r�senre such trt1Q A�Td wru ma�nrn+�thrs lMed a�irust os a hrst antl pare.maunt hen upoR thE�1��3t
<br /> �ro�eRy and w+l!laever war�a��and dotrnd rnQ vai�d�ty��nd��ron,ry at the�-c»ne►ea►agamst the cta•ms o!ar!�Q�sonS antl p�7:t?S �t
<br /> who+nsoeve�. Trustor, et rts expgnse, wr�1 causo t��s Denn ol TrLst. �3nrs cach ary:errdment Q�supp'c�mflnt�e►etc �0 be fr�pd and �
<br /> �eCO►dBd eS�n►o�tgagL�ol thtl T�ust Property rn such mann�r��nd �n suth pl.:�ce1 anU w,l�takc sur�act�Cn,v.s�n thg o�s�nron pl Tr�sfee
<br /> nray be requlred by any present o�lutu�c�1aw,n orde�to pe+�c�cr.�na,nta�.�nr p�arect mo r.�n M�^�;Deo�el t�ust. as ;ne same muy
<br /> • be elmended o►supplemenloct Iram t�ma(n i�me tiustor w�R mc3k0 sucn!,;r,hei t�sswa"CC O�HSSG'ancos!n�e�`�ct+ts ht�e tn!ho Tiusf
<br /> : Pn►petfy QS mtry bArequmld by Senef;cr8ry FIUSI��AB/Cb�/Bf�nqu�ShC3�?J t.�hf G'�_•x���j�nd hurr,e�tead f<<a�1 tp rne Tru.t Pmpprty
<br /> 2. Peyrtr�nt ollndebtedness 1�ustcf shall E}uncru��!;y aa�!ha���rT;�pa�ol anu rnte��st _r��+e Mcfebledr,ess secure;7 nuro�y
<br /> 3. ConstruCOOn of lmpro►•ements Trusta sn�!tGpmp!e;p rn got�d anrl w•t�rkmar.i�k(�R1J�n(�f;tny�>,f?C:.r*qs mproremenls or rr.'p�i�', •ela'+ng
<br /> illBrBi�witiCit I�Uy ie9 Laegun an PhH Tnlst Prn�sn�ry nr rnnt�smn�,.�rgrr�y•qc.:r�.»nv,��nnC���L��,eHg c�!E Ss,�u�C:f hC:�'�y !tz r:%�f::trttr:
<br /> due a!1 costs and lrebi.'�hes rnciuretl tAerelore, Flnd npt f0 jJC�rrot 8ny CO��S1ruC.'�Un 1;�?»aga�nst su�T 1ruSt Prpperty �n!he ovE�nl
<br /> consi�uChon olbuildrngs. rmprarraments or reparrs aro co»tem�+tet��. t�usror c+�s�:r��e�es 3nythrr,��n tlt�s Deod ot I�usi��ttreCC�nf�ary
<br /> � ►rotw��ErstBnd+Rg:(s)fo promptly��Gmrnenee any such wo�k.,1na td COmplQlel fh0 pr��g_���mp�qvemCnfs p�r�mptiy. �h► to complet�thv
<br /> � seme:n acCOrUancEt w�th the p�a�s end;:pecrfrsatrons��s app�cvcr,by Renot:yia�yr. IC/[�Comp��;trdt�eli thB!8/mS G�c'7 bUdd:ng :o�n
<br /> agreemen;,rf any,nefwEran �iusfa�end Benr:`��:ary, ihv(erms aJ wt�lCh Arp nr�p�po►ateri hQ+Q,n:,,aetercrnce an�i mt�tle n parthe�oof.
<br /> (d)to aHow Bene�Ca��ry Io rn5pect the ��usf P�pRs�ry a�arl bmos tlu��ng construct:on.r�r�;��of ra+e,r::,a�e an y wo�k o�matenars
<br /> unsaGs/ttcfnry to Fsenet�crary w,tn,n hRt�Fn I t F�d8y5 1lnP'W•dte�nnfrct< <rC,nt(y'(�:t(�f�C�B�y Ot 5i1�•h ',1;•�
<br /> 4. FundS for Peyment ol Chargos S�.L>>e�r to appbcab�o raw v�ru��wr.ttc�n�v_�,�c��Uy�c�!•t„}•, ""•,:•,�,,s'�-�� t;.i, '�,Hrr,z�r„.�„y�,��Ihtt
<br /> hrst dey of eaeh montA,or suc���:he�d��t�earh month�s may Do e.nec�t���d b�Her,u^c•:r�y .. • •t�c�rnot�nrecinr;ss-s pcs:��n �uu .,su���
<br /> (heieineite�callBdL're "Funds �Upua/fo 1 1�•'.h M fhe yoc7�ly taxes and�a55t�s!•n7en1S k•h:r� �;io ?`:'7•.•t�7���J.'�7�OrQt(h,t Dn�:�10l Trusf ^
<br /> and g�ound rents a:�tr'•Q Tie�st P�vperry.,f anf,,alu:: t l�Ih 01lhF�y���31ly���tlu�enl��.S1il•'tm�;"'�.'_' ^;�i7t(1�fiSU�i111L:E (+�US 1 1�'!hp• ►h.�
<br /> yearly premwm fnstdf�mQnts lor mong��yE�rn5Urc7n�A. il�ny. ,�N E35 rF�S0�7b;(!E'S�Jlirt?E��r!�lid��y il'��rnm t..ma�fQ!rfilf.'0 j f��'�7(,`�!C,d l�y U��
<br /> (Ii0 b85/S 018SSQSS/T1Ef7tS�l�d BI(/S d11U IC3SCI+:c4G'fe f'SiimBlEtS fh,�t��f T/�(�F Jf'(IS S1'8 .'Jt:1'�!{i�r+ttn r^5(�tt;ic,n fhe tlE�p:lid5 '•�
<br /> aCCOUnIS ol tithiCh�rp�nsu�od or guevan[e�d by a l�deral pf s7c4fC i;C�Cft�y�nC.',1(1;Iq f3E`1rt���t:Ci�y f3E'nc•f,i.��1�y Sh�i�!tip�jly �liv {Ur.t:',G,i
<br /> pay Sa;�3 taxes ��SSOSSnt8nt5,utsur��ricv p�em�ums and grounp •enf. I�rnt;!.�.��ry�.n,i��r;.!Lr��c�:�:r.re�;fu F,a�,. T�uS f�r;in�,r.tcrr�5• 0,
<br /> t,�am�ngs an tho Funds Ben�,f,�i�ry shal!y.VG'lU r�U5�01, W+Ih�I/'Ch;•lI(�e a/7 il�:nua�,i�ct�:rr:t�>g t,�(Y��F!P'!`5 Sh(;N��Itf�f'f'fJ.7, <l�(1 M�
<br /> L dQb�ts!o Ih��unds end ih�purpos0/or�vh��h oac!�ti�hrt�a t��t,� jU'�C�S �bQS n:ddn TYf•f�,�'y; ,l'Y('CCI(f('CY,I i.)!Jt1'!:O�r.i:SN: .d�t� !i.� �
<br /> tho lndebtedrrCSS seCUred bylhi�OE�d Cd TruSt ft 1he«mounlc�•'thF.�Funds hr�":t b� Hf�n.�,r. i•;. •,,;Jt>���,• �;:,y rr,�.�,.;�,r�,m�.•,•p;r {•t
<br />. �n5talime»!s o/Furrds�raycthl�Gno.�tu lh�diav datt'S(�ll:fXE'S. ��=.SL':i�CE''�1., •;c�,..��n.v�r/��n,.u••�_. <Jn(1 tJ•,:..•;ri�r�>r. '.h.�:'('r: �:P�) N�n €
<br /> 8R'tOUIII fELiUIYG�d f�p��y s�,ri taxcs.,i>5E.SSIRf'!Il$_�I7Sl.fi9/i('i;(NE:.'�IU'��S�lJlC1 Sl���:�•'!��Er�r• a� ••t•r f,�� ;1,.f.• ... ^.� �-!•'.'. .`,.i-, f t+.�. E(''•
<br /> ➢�usta�'s ophon.crthC,�,�mp�1y ie���d�(1 riUSlOrCi��-�CiY,te�d M Trut.tr��,1i��:nb.'��ifi�'�,„_ n.t � .. ;,��•,�r , ' !., f. ir��r��%' uu,n..� �U7�
<br /> fho Funds h�'f1 tl}J�L'�'C��C:!ary�i���i;r7(�l��f.'SII//Y''C'Ilf�:�I�Ry r,�e(' � �i'.'�P`.}•nr��! •..��v . .•I 'r'��.. . 1'.: i' :.� I , •�, •n, �i, tr
<br /> T/!l.rilC17.�,17c7t1 n�Z�th f�E'l1C�'C��Iry i7J7�illTirJl�l7/I1:'i P�Si1�V/1:rr�Jki� .(���.�•�•.�1. r .. ' , ' '�. :1. ,i.. ... . . , � .
<br /> f3t'nC(rC'�(�ry fU 1iur,tn�•t, ue�ti'�ac irr� i Ir • ,r , • . , , � • , � ' •
<br /> 'U !t'�t� t.�lr r•t�( f/��u'���.����:f l., ;rt• _ . l�•� ; ,�• , , , .
<br /> 7rutt%:r 1�ny f imt�`_. �. .�U h�I3(�r.��l�,,�r�, �!N�1 ''u�!l'n,��c�h� . . ,•i; , •1• , .. • • • . • • •� , •
<br /> t��Bf'n('frCr;l�� flf ni�l.1 ��'y '.�r,t�':tf'/.r � ,n:� , ,ih.,, ,,r., ��, i', � . � . . • , • . _ .�e. . i ..
<br /> Irr'il!y ffr�n 6 ,.�ry .�..�,} � r:,• � �1��. ,r.�,� , , ,,. i.r r; • , ,.,. , . , • . . • .� • ..
<br /> �•h'•t�.i� v�•.�� �F" t.'t .r��r, •�r,., , .. l)i,.. •t� , ., i+ i.,.� . � . . , . , . , ,
<br /> .. -- �
<br /> r.........�._....�---__...._.�._. ..._..._...•--'-`—.�. - -- *—c..... _
<br /> .._ . ...... . . ........___ ...... ._.......__.._..._..._...-�.--.._�_.__ ._..-.- __ - —.-.._--rr.-...-....�.�.__.-.-_.��......._�.,�._-.....-..._._,�.._._.__....__._._..__....__-••------•.
<br /> . . . . _ , _ u ° . . . - _� -. . . -
<br />
|