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RM or flti.`iiT 89--"100792
<br />This Deed of Trust is made this 9th day c,£ 1'cahs+�ur 1! 89 . by and among Michael J. Nolan
<br />i] BeyerIX F. Dbilnpp M wif.7. , hereinafter referred to as T� ruiter,"
<br />whose =III** address to Arend
<br />ll��ttt y at fss hereinafter referred to an rusts*., whose ma link address is )
<br />iiTSfl� Island, M 68802 t and THE 0NiF.fnirliib etaiiosAL SANK Of CRUD IUMD, hereinafter referred to as
<br />"teaeficiery, whose mailing address is P. 0. ftx 1638, Grand Ielandt Nebraska 68002.
<br />Per valuable consideration, Truster irrevocably grants. transfer*, conveys and assises to trustee. In
<br />treat, with power of sale. for the benefit and eeeurity of ieneficiary, under and subject to the totes and
<br />coeltione of this Dead of Trust. the follorins- described property, located in Hall Count.
<br />Nebraska, t"Its
<br />10t Eleven (11). Block Three (3). Boggs and Hill's
<br />Addition to the City of Grand:Island, Hall County.
<br />Nebraska.
<br />together with all buildings. improvements, fixtures,.atreets, alleys, passageways. easements, rights, privi
<br />loges a" sprureeaastces locator thereon or in any way pertaining tbereto, and the rents. issues, profits,
<br />reversioner sad: the .xesaiadera;ldi�rseot, including all such persoeAS.,groperty that to attached to the. Improve-
<br />seats. se as is "Js rA ate a.8 uiturse, all or which. fmcludiag'; riy+J ato au.additloAs:2�4r*to, are hereby
<br />daelared'• •i5r l►ec' in ; t : asi the • reat,A extA � oaN. yed It trust bilift2?! „fit 6 Lea "all -e!ad
<br />Oar e�i(il ol. etas tors-
<br />gs t s1jt1J -: inFi 1 gCyt rr ettvA :Cm a:a. t:Ihr "Proprtt.'y�..''.'
<br />P0�.S1lif. !br Swain:
<br />(a) '*.Alit jriva atLp ndebtt eac 4r1- a ed b T ust r note of even aite hexe~eQ�kkc. S'ia
<br />of. �Il t7 t< {c 16;357.41 *.#ties
<br />with tateresvjipt, the rate os ales a aeercin, ar t e principal and interest on any
<br />futdrr edvaum not to exceed the total principal mums initially secured kti reby as evidenced
<br />by .prtaisoacy votes stating they are secured bar*y- .'snd, arty and all r4wi?ils. modifications
<br />and; axtsntribnr •ref such notes, both priaxipal and Interest on the notesv, -, `Jig payable in
<br />occordwe:& wilft Oke terms sat forth Viarein, %%Leh by this. Mtro-cance: A't*rsby aada . e part
<br />hereof* _.
<br />OY the verformsnce of each agreement and covenant of Truster lko_rvI. contained= and
<br />(h) the payment of any sup or suss of money which may be hereafter. paid or advanced 'i.'
<br />by Beneficiary under the terse of thin 1;ted ct Trust, together with Interest thereon at the
<br />rate provided in the note.
<br />To protect the security of this Deed of Truse. Trustor hereby covenants and agrees ae follows:
<br />1. Payasat of Indebtedness. To pay wRen due, the principal of. and the Interest on, the indebted -
<br />mass evidenced by the note. charges. tees and all other sume as provided in the loan instruments.
<br />2. Title. Truster is the owner of the property and has the right and authority to execute this
<br />owed of Treat in respect to the property.
<br />3. Taxes and Assessments. To pay. %6@n due, all taxes, special assessments and all other charges
<br />against the property, before the same becave delinquents and, in the event Beneficiary shall so require,
<br />to add to the payments required under the note secured hereby, such amount as may be sufficient to an-
<br />able Beneficiary to pay such taxes, assessments or ether charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate described
<br />hereto insured against damage by fire axd such other hassrdss as Beneficiary may require, in amounts and
<br />composite acceptable to Beneficiary. and with loss payable to Beneficiary. In case of loss under such
<br />policies. Beneficiary is authorised to adjust. collect and compromise, in its discretion, all claim
<br />thereunder and, at its sole option, Is authorized to either apply the pooceeds to the restorattan of the
<br />property or upon the indebtedness secured hereby, but payments required by the note shall coetiaue until
<br />the sums "cured hereby are paid In full.
<br />S. Re air Il ,ap
<br />Haintensnce and Use. to promptly repair, restore or re"A d any IaUtldinds or irore-
<br />sent• now or hsraa 'ter on the property;'to keep the property in good cc m6 tUm aM rip*fr. wItMila *sale
<br />and tees from mechanics or other liens not expressly subordinated to tM. lien herecft eo not solke. suffer
<br />or permit any nuisance to exist nor to diminish or impair the value of the property by My a_a or osiesfot
<br />to act; and to comply.with all requirements of law with respect to the property.
<br />6. Condemnation. In the event the property, or any part thereof. shall be taken by eminent domain,
<br />Beneficiary is entitled to collect anti receive all compensation which may be paid for any property taken
<br />or for damages to property not taken, and Beneficiary shall apply such compensation, at Its option,
<br />either to a reduction of the indebtedness secured hereby or to repair and restore the property so taken.
<br />7. performance by Beneficiary. Beneficiary may, but shall have no obligation to. do any act which
<br />Truster has agreed but failed to do. end Beneficiary may also do any act it deems necessary to protect
<br />the lion hereof. Truster agrees to repay. upon demand, any sums so expended by Beneficiary for the
<br />she" purposes. and any sum so expended by Beneficiary shall be added to the indebtedness secured here-
<br />by said become secured by the lien har$of. Benstieiary shall not incur any personal liability because of
<br />mal"Irl it say do or omit to do hereunder.
<br />S. Asslmswents of Rents. Beneficiary shall have the right. power and authority during the con -'
<br />tinuance, of this Deed of Trust to collect the rents. issues and profits of the property and of any per-
<br />sonal 'property located thereon with or without taking possesnlan of the property aft'ected hereby. and
<br />Tr&t4ir hereby absolutely and unconditionally assigns all such rents, leaves and profits to Beneficiary.
<br />t+nuaficlary. however, hereby consents to Truster's collection end retenctmi of e=k,.tents, Issues and
<br />profits as they accrue and bearer payable, so long as Trustor is not, at such tiue;, in default with re-
<br />$pact to payment of any indebtedness,tecured hereby. or in that performance of any agreement hereunder.
<br />It any event et'rlefoult described hereafter In respect to this Deed of Tniot shall here occurred and be
<br />eeetieelat, N4eriiriary,
<br />an a wstte! PB rIME eft-A tf tL--s! entice to Traalor or =p=a elaia:ag tndoz
<br />Truster, Md. without regard to the value of the trust estate or the interest of the Trustor therein.
<br />L shall Move the right to apply to any court having Jurisdiction to appoint a receiver of the property.
<br />!. inspections. Beneficiary, or its agents, representatives or workmen. are authorized to enter
<br />at say reasonable time upon or in any part of the property fee the purpose of inspecting the same and
<br />for the purpose of perfotwing any of the act@ it is authorized to perform under the tens of any loan
<br />instrumssta executed by Trustor.
<br />10. Tra"I'st Of Property- It all or any part of the property or any Interest of Trustor therein
<br />M
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