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<br /> � TH1S AEED 4F TRUS�ls matk this�_.�dAy of.......�_..Lttl��._�, 19_.4Q.,by anat betw�en Lea C. $t�mer an.sl—,
<br /> Joaa ��+pr�r. Huaband 3 i�11fe whethe�one or more,(hereinaftercallsd the "Trusfa'7.
<br /> 1Yht�es m�ii�ng dddts3s is �12 Ea:t 22nd,. GrB�d...I91aDd. Ilelzraska 68flQ1_
<br /> ' NQA WEST BA�IK N�hr��k���r i�,,,.� Aaant.�Ltion (hereinatter called the"Tiustee"),whose mailing address!s
<br /> P.O,, Eox 2768, Grand Inl�, NE .�nd IYORWEST BAN�(�N�.hL�B]taTNa�.o , (herelnafter
<br /> � c�Msdfh�"�nsf�clary'),wha�emaitingaddress/s p• O. Box 1�6 � Grand island. Nebraeka 68 02 ,
<br /> �
<br /> ' WITNESSETH:
<br /> � IF THlS BQX!S CHECKED/ J THIS DEED�F TRUSt CONSTITUTES A CONSTAUC710N
<br /> i SECUR/TYAGREEMENT UNDER 7HE NEBR�SifA CUNSTRUCTfON LIEN ACT AND CAEA7E5.
<br /> � GFtAlVTS�ItrD CONSTITUTES A CONStR!lC�i't3N SECl�'�dPl''Y fNl'EREST IN tHE PAOPER7Y
<br /> ' DESCt�@Ep HERElNBELOW.
<br /> � WHEREA �' r is ara�abtsd to Benefic! in th!3 xx.oat ss,rm of �RTY THOUSAND AND N4/100 --_-----__--_-_--__
<br /> ' Do�'sra ts p,which rsrafiebfed�ess is e��ced Dy Tiustor's promiss not ated J 1 6 , 19 90 ,(hereinafter
<br /> csNsd tht"Abt�I').pay�rt�'e to the orde►oJ Bene6ciary and havmg a maturity ol ��iY g� , _ _ — _.
<br /> ( MOW,TNEREFORE,M►tlre ptrrpose of secudng:
<br /> $ (u) peyn�snt of the Note, together with inMresi Mereon,late charges,pre�eayment penalties, any future advances,and all e�ctensions,
<br /> , � modilfcatk�n�,substitutbns and renewals the�eol,
<br /> � (b) payment ol e/l other sums,lees or chdrges,logether with lnie►est thereon,advanced to protect the secu�ity of this Deed ol Trust end
<br /> Iha perl�rinan�a ol!he cnvencr.is 3rad 4g!:-msn!'s of 7rusfar,:Lhsih�r or r.of s�i brth R2rern,
<br /> • (C) pr►IIOrm�►+CS,dlscherye ol end compliance with every te�m,covenant,oWigation and sg►eement ot Trustor contained hereln a
<br /> lnCO�pOr�bcl by roisronce w any other security lnstrument at anytime given to secure the Note,and
<br /> (�) ths ropaymAnf o/e!i other dums a futu►e advances,with interest tF�ereon, whrch may heretofure have been a he�eaRer be advanced
<br /> ' by B�nsliclary ta Tiustor a Trusta's successa rn interest w htle,
<br /> � aM ot whkh(s h�r�lnallsr coNeCtivMy called the"fnde0ledness", Trusta nrevocably giants and transfe�s to Tiustee.!n trust, W1TH POWER
<br /> OF SALE,ths MNowJng descdbed property:
<br /> �� THE EA5TE1tLY SEVENTY SIX AND FIVE TENTHS FEET (76.5') OF LOT SEVEN (7) AND THE
<br /> WESTERLY TNO (7') FEET OF LOT SIX (6) BLOCK TWO (2) IN KNI�KREt�II�! SIXTH ADDITION
<br /> , TO THE CITY OF GRAND ISLAHD, HALL COUNTY, NEBRASKA. � �
<br /> � ,
<br /> _ t�OQeti�s►witb(i)ali buiJdings,structures,additions,eniargements,me�;ficat�ons,repai�s,replacements,and improvements now or hereafter
<br /> -; lacata�tnsrawr.{�i�a��equrpment macninery ano nxruras fmcrumng.wrmaut rmrrtadon,ari�igntmg. neatirrg.vemrianng.caoring.air - ; ��
<br /> , condidoning,sprinklirtg and plumbing tixtu�es,wafer and power systems,englnes,boilers,rartges. ovens,dishwashors,minors artd maniels, ' -'
<br /> , carpeting,lumaces,dl bumars, elevatas and motors,refngerahon p/ants or units,communicatlon systems,dynamos, translo�mers,electricat
<br /> equlpmenf,sbim and screen wlndows,doors, awnings and shades)nosv vr herealter aKached to, or built in, any burtding or improvement -
<br /> raw a heroalter/xated thereoa,pii)a11 easements and rights ot way appurtenant thereto, (iv),all laasehold estate,right,htle and interest ot
<br /> ' Tivator kr and fo all/eases, whether rrow or hereafier existing or entered into(including, without limitation,all cash arrd security deposits,
<br /> advance renta/s and deposrts w pa�sr�ents oi e similer neture),pe�talning thereto.(v)aFt rarrts,issues,proGts and ir�oane therehom(sub/ect �
<br /> f to tha�ighE of Trustor to collect and appJy such rants,lssues,profits and irtccxre as they become due and payable so!ang as no event o1 -
<br /> ; defaWt exists he�eurtder),(vi)a//royaltieS,mineral, ail artd gas aghls and prraFts. wafer, water nghfs,and water stxk. (viil all[enemenfs, �
<br /> i hereditaments,privileges and appurtenances beforrgJng,used or enjoyed in connecU'on therewith, artd(v�ii)a/l proceeds ol converslon,
<br /> � voluntary or rnvoluntary,of any of the foregang into casA or tiqa,dated claims(rncludrng.without limitation,p�oceeds of insurance and
<br /> � condemrtatr�on awards),atl o!which es herelnaltei collectively c�:'�ed tne"Trust Prape�ty".
<br /> ; TO PROTECT THE SFCURITYOF THIS DEED OF TRUST. TRfJSTOR COVENANTS AND AGREE5 AS FOLLOWS.
<br /> 1. TfBe. Trustor covenants,warrants an�agrees with Beneficiary,its successors and assrgns, that Trustor owns the Trusi Prope�ty free
<br /> hom any prior lfen ur encambrance, that tlas Deed of Trust�s and wlll�emarn a valid and enforceab/e hrst lien on the Trust Property. :
<br /> that Tiustor,at!ts expense,wifl preserve such Gtls and wd!mamta►n this Deed ot Trust as a first and paramount lien upon the lrust
<br /> Properry and wilf taever warrant and defend ihe val,vdy and p��odty ol the Gan hereol against tho claims ol al!persons and parties
<br /> whomsoever. Tiustor,at its expensa,will caUSe this Deed of Trust,and each smendment or supp/ement hereto,to be hied and
<br /> recorded as a mortgage o!the Trust Properry in such manner artd in such placo anrJ w�ll fake such action as m the opmlon of Trusfee
<br /> may be requlred by any present or futwe law in order to perlecf,maintain and protect the►�en of th;s Daad of Trust,as[he same may �
<br /> be amended or supp/emented fiom Gme to time. Trustor w�!!make such�urther assurance or assurances to perfect ds uUe to the Tiust
<br /> Property 8s may be reyuired by 8enelrci�ry. Tiustor hereby relrnqu►shes ali nght ol dower and homestead in and fo the Trust PropeRy.
<br /> , 2. Paymert[ot Indebtedness.Trostor shall punctually pay rhe pnncipal ol and interest on the Indebtedness secured hereby.
<br /> 3. Conshuction of Improvements. Trustor shall complete in good and workmanlrke manner any bu,ld�ngs,�mprovements or reparrs re/atr�►g
<br /> thereto whlch may be begun on the Jiust PropeRy or contemplated by tl�e loan evidenced by the Note sgcwed hereby,to pay when
<br /> dua at►cpsts and llabili6es incurred theretora, and not to permit any construciton Iren agaiast sueh Trust Prope+ry. !n the event
<br /> construction of bui/dings, improvements or repairs are contemplatod, Trustor also agrees,anyth;ng+n th�s Ueed of 7rust ta tho conhary
<br /> notwithstartding:(a)to prompily commenco any such work and to compfete tte proposed�mprovements promptty. (b)fo cornpfete the
<br /> same ln accordance with the ptans and specilicatrons as a,pprovad by Benel�crary.(c)to comply w�th a�l the terms of a burld�ng/oan
<br /> agreement,rl any,tseiwaen Trvstor and BenefiClary,the terms ol wh�cli aie rncorporated herern by relerence and made a paR hereof,
<br /> (d)to alJow Benefieiary to inspect the Tiust P�operry at ati trmes dunng construcUon,and(e1 ro replace any work or matenals
<br /> unsatlsfactory to Bene6c�ary withln lrneen (f5)days atte�w�inen nvhce Irom Bene��c�ary ot such fact.
<br /> 4. Funds lor Payment of Charges. Subject to epF�icab�e faw or 10 a wr�tten waiver by Benefic�ary, Trustoi sha/l pay to Benef���ary on the
<br /> Nrst day of each manth,or such nther date each mnnL�as may�e spec+l�ed by Senefrciary, unt�1 the Indebtedness�s pa�d in lull,�sum
<br /> (hereinalfei caHed the"F�nds')equal io 1i12th of the yaarly taxes and assessments wh,ch may attam pnonty over thrs Deed ol T�us�
<br /> r.=-_._-.-
<br /> artd gr0und rents on the Tiust Pioperty,it any, plus 1 12th of Ihe yearly prem�um msteflments�or hazard�nsuiance,p/us 1 12�h ol tho ,
<br /> yearly p�emium instatlmenis lar�origage msurance,rf any, all as►easonably esdmated+nfGauy and Irom hme to irme hy Benel�c�ary on
<br /> the d�asis a�assessments and bi!!s and►easonabte estJ.rares thoreo�. the Funds sha��be heid+n an�nst�fur:a^.tne dQpos+rs or
<br /> acccunts at which a�e lnsurea�or guaranteed by a le�e��i or s!ato agency includ�r�g Benel�ciary.Benofrcrary sral�appry the Funds ro
<br /> pa;�said taxes,assessments, insuranco premwms and ground re��ts. Benehc�ary shap not bo requ�red io pa� Trustor arry mte�est or
<br /> eamings o»ih2 i'unds.Beneliciary sl,all give to TTustor,wrihouf charge,an annua!acCOUnbng of the Funds showrng credlts and ;s�;
<br /> dobds to the Funds and tfie pui�osQ lor wh:ch each(tebd fo the Funds was made. The Funds are pledged as add�bonal secwiry for �M9
<br /> � the lndebtedness seCU�ed by this Deed of TruSt.ff the amoi�nt ot iho Funds held by Benalrc�ary, togv�her w�th the Imture monthly �,
<br /> installments of Funds peyabie priur to the due dates al taxos,assessrs�ents,�nsuiance prem�ums and ground rents. shalt exceoti rho ���
<br /> amouni required ta paysaid laxes.assvssments, msurance premrums and g�ound ronts as thoy!a!1 due. such excess shell ba.a� •;�
<br /> Tru5tOr's opbon,odherpromp[ly repa�d to Trustor orcrQditedlo Trustof aga�n,t luture monihly+nstapmcnts ol Funds Il th�amour�T u1 �h�t
<br /> the Funds held 4y Benolrclary shall not ba suHraent�o pay iaxes, assessme�Ps,�n5u�,�ncc l��em�urn5 Fin��(�iUUnC��(�nis d�lhs.iy I;i1J�uc ��(
<br /> Trusta snali pay to Benef�crAry any amount necessery to mako up rhn de�rc�ency w�u����rn,rr�UiJ�S `iU��� fhP d�dc'�KiGLC' �S rr��ri10C1 h y �r
<br /> lienoliciary to Truslor roquostmq paymcnt theroof Up�n pc"�yR�C'nt+n 1(il!(�f till!n(IE�L'fE':1�iE'SS fi(�n[���;.ti����.hp/������m���l� rr��:,n:llt• r
<br /> Trustorany Firnds he/tlhyBe»el�crary. llma 7rust PropQny�s sc�ci u��:.c�tn�t Ji�.:i''f,l ti�tl(�':r(r�. Ji���,� t�,i,r�r�lr �.� flit :��.i �n���..r��:�
<br /> by8�r�abclary. f3enel�C�urySh�lii�pply�, rmined�dfery�rrarrurnE•.',:lIL'(•!�hl• I�u:.11�rf�li�.,iy��". .i ��i;, 1 .,�(.rf�( �'� �� �..�) �' , � i� �.
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