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DIM OF nuff . epA-- 101720
<br />�l � �Ttf 1 d, .ldoy of March 19$4 by and among Larry W. Co € €el A Sheri A.
<br />wfasiF moping address is P•O- Box M463. 201 Oak Creek Drive, Lincoln, NE 68501 ,
<br />(heroin "Tnistor" ); and BANK OF WOOD RIVER , whose mail -mg oddrttS P.O. Box 487, Wood River. NE
<br />(herein "Trustee" and "Bonerkktry" .
<br />f0R VALVAKE CONSIDMAT1UN. including the indebtedness intdentified herein and the trust herein created. the receipt of wfach is hereby
<br />acknowledged, Trustor irrevocably grorits. transfers, conveys, and assigns to Trustee, IN TRUST, WiTH POWER Of SALE, for the benefit ,and
<br />security of Bererickry, under and subject to the terms atd*candifions of this Deed of Trust. the real property described as follows..
<br />Lots 9 6 10, In Block 11,. R.-G., Clarlcr a. addition to the City of Grand Island,
<br />"Hall County, Nebraska
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<br />TOGETHER WITH, all rents, profit;„ rroyaliies, income and other benefits derived frop!•c:',� real property; roll leases or subleases covering the
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<br />real propsrty or any portion thersal, flow or hereafter existing or entered Into, and oil rig1 r, title and interest of Trustor thereunder; all in-
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<br />forests, estate or other claims, both in pew and inequity, which Trustor now has or may hereafter ocquiie in the real property; all easements,
<br />rights -of -way, tenements, hereditaments and apipwtenances thereof and thereto; all oil and gas righis'and profits, water rights and water
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<br />stock: all right, title and interest of Trustor, now owned or hereafter acquired, in and to any fund lying within the right- of -wuy of any street or
<br />highway adjoining the real property, any and oil buildings, fhomres, improvements, and appurtenances now or *-niter erected thereon or
<br />belonging thereto, (herein referred to as "improvement" or ' °rt ; wernents "); and any and all awards made for arts hiking by eminent domain
<br />or by any proceeding or purchase in lieu thereof, of the whole or any part of the real property.
<br />All of the foregoing estate, property and interest hereby conveyed to Tros oWherein collectively referred to as the "Property ".
<br />THIS DEED OF TRUST SNAIL SEt Ei.
<br />(a) the payment of indebtedness 104denced by Trustor's note W even dote herewith in ll*principal sum of
<br />Ninety Thousand and Ne /100 ----- --- --- ------------------- - - - --- Dollars ($-2-0. 000. 00
<br />together with interest of tine rote or rates provided tfwein, (herein, together with any and all renewals, modifications, and exteniienns thereof,
<br />referred to as tine "Note ") both principal and intit -esf on the Note being payable in accordance with tfie'ferms set forth therein, r,htierence to
<br />whkh is hereby mode, the final payment of principal and interest, if not sooner paid and it no renewals modifications or exlensiaris''ore made,
<br />due and payable on -- AuBust 1. 1994 ,
<br />(b) the performance of each agreement and covenant of Trustor herein contoined; and
<br />(c) The payment of any sum or sums of money with interest thereon which may be hereafter paid or afivnced undo, 'te terms if fWs Deed of
<br />Trust.
<br />(d) The payment of any future advances necessary to protect the security or any future ,,61f=ce made al1he option,ll the parties; and
<br />(e) the performance of an obligw.on o f any other person named in this Trust Deed too beneficiary.
<br />iO PROTECT THE SECURITY OF THIS OIED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS F04OWS:
<br />1. ►quwntl of hinciyd end Interest. Trustor shi^.li promptly pay when due 11te principal of and interest:'on the indebtedness evidenced by the
<br />Note, and all other charges and fees as provided in the Note, and the prirtcipol of and interest on any Guturo Advances secured by this Deed of
<br />trust.
<br />2. Warrtwlty of Title. trustor is lovdulty seized and possessed of good and indefensible Lille and estate to the Properly hereby conveyed end,
<br />has the right to grant and convey the Property; the Property is free and ctear of all liens and encumExances except tens now of record, and
<br />Trustor wig warrant old defend it* title to the Properly against allclaims and demands.
<br />3. Illelltlea me out Ceopliwtce with Lows. Trustor shotl keep the Property in good condition and repair and shell not commit waste or permit
<br />impairment or deterioration of fir Property and shall comply with the provisions of any lease if this Deed of Trust is on o leasehold. No improve-
<br />ment now or hereafter erected upon the Property shall be offered, removed or demolished without the prior written consent of Beneficiary.
<br />Trustor shalt comply with all lows, ordinances, regulations, covenants, conditions orid restrictions affecting the Properly and not commit. suffer,
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<br />or permit any oct to be done in or upon the Property in violation of any law, ordinance, regulation, carennnt, condition or restriction. Trustor
<br />shall complete or restore promptly and in good workmanlike manner any improvement on the Property which may be damaged or destroyed and
<br />pay, when due, oil claims for labor performed and materials furnished therefore and for any alterations thereof.
<br />t0, l.=zut. Trusfs", of its 6ap--asa, will.:.oinfo;.s with irsi, ms; approved by 8e:relicimy. instaaace with re3pnt to Me Improvements and
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<br />persona) property, constituting file Properly, against loss by fire, lightning, tornado, and other perils and hazards covered by standard extended
<br />tow!rage ende4sement, in on ortxhoif equal to of least one hundred percent of The full reptacement value thereof and insurance against such
<br />other hazards and in such amounts o3 is cuslemority carried by owners and operators of simutor properties or as Beneficiary rroy require for its
<br />protet 6311. Truslor wilt cotrply wilt; serlr other requirentmnts as Eleueficinry tray iron time to fine request for Ifie protection hp itrcutntfcr• rl Ihn
<br />mtemsls of the respective 1pot ties . All insurance policies nruitilained putsuunf to tlts (lend of trust slnttl throne itusfut crud ttvni+l mty tit m
<br />sureds, as their respective interests may uppeat, and provide that there shall be nv cancellation or modification without no less faun 15 days
<br />f1i7r wrilren nofrt:rotkilt to Beneficiary. fn the event ant trot %CY hereunder is not re:•e -fed on cr before 15 dnts prrnr to its r■p,rattoa �atr-
<br />Ber t±tt�iRty mn'� prrct�p S!teh inSUtcmte in UttCtQr�t![C With 11 rr rbvi ,r �tK of p nnrrr *, h i tmrrcf irc:fcr thrrll tir!hvcr fr i r r. �f 'rr E tt r r,i •i.;l
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<br />rolirips at 41:imittp rnth rrn w-,;% ihetEuf tit Merle tti;"Ps ul such pvin.tos fill:[ rrr.rr. ;1, t rvtr:t to !i.n� tr, f;urr.t!: tnL 1: �: . n:r. r t t r : . .t: •r
<br />•Er :ter:�9 a: rEti:;ued tl @rtu!tder sltatl_ of 61:eapt:9tt Uf $Efteft;{u* V. Cti�:trt;;1E o t: @lClii'
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