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7
<br />DE!OFTRUST
<br />It IV::A
<br />Power of Sale)
<br />RE-RECORDED
<br />"4 07-101150
<br />89-- 100487
<br />TMS DPE% tyff 27 &_V of inmau
<br />Ort 2�qc j made this
<br />between 2_06 West gtfi� �St._ Wcod giver, Nebrasim 6W3
<br />whose Mau ftAwingham attorney
<br />as Trustors, 422. N Cadmir Grand Island, N;.
<br />whose mailing address, is 6W41;
<br />as im
<br />rw t Me gi3kbraska, Inc., whose mailing addrew a 23 37 North Webb
<br />as Beneficiary,
<br />t
<br />W irrevocably, MESSETH, Tr"tors hereby irrevocably, grant bargain, selk and cones? o Trustee in trust, with power
<br />otalp, theAollewiq demibd property in County, Nebraska
<br />tbta�_ N.U4120 and Twelve (12), in Block Eight: (8), in Brett and Johnson's
<br />"t6-"Vi1lage of Wood RUer, Hall Counter,. lf.ebraska
<br />Together with tenements hereditaments, and appurtenances thereunto belonginF or in anywise appertaining and the rents, ismseimi
<br />profits thereof,
<br />wrie indebte&mw evidenced
<br />This conveyance is inten&V" p,%Tw of s"fing the payment to Beneficiary of Thu.
<br />Lm Agreement dated 19--1!4 pursuant to which an advance has been raw!& in, t•e s= of
<br />together with charges according to the terms of said Revolving Loan Agreement, and also any aid• sunx�, rvAv;*:advanci*,
<br />jizilchazges now, or as may hereafter be or become, mi fig by Trustor to Beneficiary, under said J.Gr any future
<br />"fRievolving Loan Agreement between Thistor and Bem&isry up to a maximum unpaid balance of $25,000, w2.1c d-- par.mar of any sums
<br />expended or advanced by Beneficiary to protect the security hereof. Default in making any payment shall, at; shk option and
<br />without notice or demand, render the entire unpaid balance secured bein-under at once due and payable.
<br />To protect the security or this Deed of Trust. Trustor covenants and a&rees:
<br />1. To keep the property in good condition and repair; to permit no waste thweef; to complete any building, structure or improvement.
<br />being built or about to be built thereon; to restore promptly any building, sw4dnna. or improvement thereon which may be damaged Or
<br />destroyed; and to comply with all laws, ordinances, regulations, covenants, conditi=.5j.ijid 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 herea[tvF erected on the property described herein continucut-ly insured against loss by fire or other
<br />hazards in an amount not less than the taut &U mmixed by this Deed of Trial. All policies shall be hold by the Beneficiary, and be
<br />in such companies as the Beneficiary may appmra and have loss payable first to the Beneficiary as its interest may appear and then
<br />to the Trustor. The amount collected under any insue-ance policy may be applied upon any indebtedness hereby secured in such order as
<br />the Beneficiary shall determine. Such application by the Benefickii-j shall not cause discontinuance of any proceedings to foreclose this
<br />Deed of Trust or cure or waive any default or notice of default cr 4r,'alidate any act done pursuant to such notice. In the event of foreclosure,
<br />all rights of the Trustor in insurance policies then in force shalf.yx'Ar,,W the purchaser at the foreclosure sale.
<br />4. To obtain the written consent of Beneficiary before conveying or otherwise transferring the property or any part thereof anit
<br />any such sale, conveyance or transfer without the beneficiiiry'iiw"Ati* consent shall constitute a default under the terms hereof
<br />5. To defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee"
<br />6. Should Trustor fail to pay when due any taxes. assessments, insurance premiums, liens, encumbrances or other charp,-
<br />_i -jgSA:a ; t a h
<br />property hereinabove described, Beneficiary may pay the same, and the amount so paid, with interest at the rate set fortliI ia die note
<br />secured hereby, shall be added to and become a part of the debt secured in 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 in 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 ti)-require prompt payment
<br />when due of all other sum so secured or to declare default for failure to so pay.
<br />3. The Trusts Owl] r-iconvey all or any part of the property covered by this Vard of Trust to the person entitled thereto, on written
<br />request of the Trustar and the Beneficiary, or upon satisfaction of the obligation secured and wntten request for reconveyance made by
<br />the Beneficiary or the person entitled thereto.
<br />2143 G64 (NE)
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