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<br />DEED OF TRUST
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<br />drid Felton ?. Welt.'Walrun Ne 68161 -
<br />$4 -o -r
<br />THIS DEED OF 'TRUST, is made as (if the .15#21 day of , 19 --sa_, by and among
<br />C rrusttir %:Whose mailing address is
<br />Kevin Chelewski &.Barb ChPlfswski, Husband and Wife
<br />lay North 5, Beatrice, NE 68310 ("Trustee "), whose mailing address is
<br />Ticor Title Insurance Company
<br />and ( "Beneficiary ") whose mailing address is
<br />EdwaXd B. Jappert, P.Q. Box 330 Logandalat, NV 89021
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably trartafwa, conveys and assigns to Trustee, IN
<br />TRUST, 'fi1tITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject totheterms
<br />and canditia $ of this Deed of T rust, the real property located in the Cityof Grand Island County of
<br />Hal State of Nebraska, and legally described as follows (the "Property'l:
<br />Lot 4, Block 7, George Loan's Subdivision to the City of Grand
<br />Island, Hall County, Nebraska
<br />TOGETHER WITH, all rents, easements, appurtenances. hereditament ts, interests in adjoining roads,
<br />streets and alleys, imprrivements and buildings of any kind situated fhe>+een and all personal property tlrat may
<br />be or hereafter become stn integral part of such buildings and impmvemem ia, all-crops raised: thereon, and all
<br />water rights.
<br />The Property and the entire estate and interest cont-eyed to the T mstee are referred to'631 actively as the
<br />"Trust Estate ". ;
<br />FOR THL.: PIMROSE OF SECURING.
<br />a. Priyrjsent of indebtness in the total priic ) � with interest _ rf
<br />thereon, at: `rridenced by that cerWili promissory im ' G, of ever. date (the ":+alts") with a maturity date of
<br />executed by Trusttor, wlflAi',has been delivered and is payable to the order of
<br />Beneficiary, and which, by this reference is hereby matte a part.howf,,md any and all modifications, exten-
<br />siorts and renewals therseof, and • • .
<br />b. Payment of all sums advanced by Henefiainr,r tn•pwitent the Trust Estate, with interest thereon attherate
<br />of Twelve,." .&. Halfpercent p er annum,
<br />-fir- -- • 1
<br />This `Deed of Trust, the :Vote, and any other instrument given to evidence or furthersecure the payment and
<br />I*&im't tl ar- of any obligation secured hereby are referred to collectively as the "Loan Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEMNESS. Trustor shall pay when due the principal of, and the interest cr_.. the
<br />indebtedwivo -aidenced by the Note, charges, fees and all other sums as provided in the Loan Instruments.
<br />2 TAXI-;S. Trustorclswill pay each installment cif all taxes and special ao.'iessments of every kind, now or hereafter
<br />leviers aA in-I_x the Trust Estate or any part therr.-(if, before delinquency, wiiitoratnoticP ordemand, and shall provide
<br />Etnet;xian- w ith evidence of the payment of salters.• Trustor shall pay all taxes and assessments which may b--levied
<br />uranM --Pe fir_ fary' y interest herein fir upon this Deeda fTrustorthedebtsecuredhereby , without regardtoanyl:aui that
<br />tra, ;:!h,ycaacted imposing payment of the whulr..ril •r..ny purt thereof upon the Beneficiary.
<br />:3, 9NSORANCEAN)REPAIRS. maintain fireand not entendedcoverageinsurarceinsur -irA the
<br />4mJj(+m-J&'t s
<br />and buildings constituting imrt of the Trutt 'Ditate for an amount ro less than the amour.,; of: the
<br />unpaid vyi ni :ipal balance of the Note i co•inaurance not exceeding8o` ", permitted). Such insurance policy shall tr:ont. in
<br />a standard niort gage clause in fay or13f N'.-neficiary and shall not be cancellable,tern7cr :sble or modifiable without. ton
<br />(10) days prior written notice ti, Bene11. Liry. 'Trustor shall promptly repair, maintain tend replace the Trust Estate nr
<br />any part thereof so that, except for ordinary v: ear and tear, theTrust Estate shall not deteriorate. In noeventshall the
<br />Trustor commit waste on or to the 'Trust Estate.
<br />4. ACTI(YNS AFFECTING •I'Rl ?tiT E STATE TrusGrr shall appear in and enn'est any fiction or proceeding"
<br />purporting to affect the security hercuf or th" rights or powers of Beneficiary ( it Trustee, and shall pay all cow, and
<br />expenses, including cost of evidence of title and attorney's fees, in any such action orproceeding in which Beneficiary
<br />or Trustee may appear. Should Trustor fail to make any payment or to do any act as and in the manner provided in
<br />any of the Loan Instruments, Beneficiary and 'or Trustee, eoch in its own discretion, without obligation so to do and
<br />without notice to or demand upon Tr ustor and without releasing Trustor from any obligation, may make or do the
<br />same in such manner and to such extent a-s either may deem necessary to protect the security heretif. Trustorshail,
<br />immediately upon demand therefor by Bent•fic•iary. pav all costs and expenses i neurmd by lienefiriary in connection
<br />with the exercise by henefit:iary of the forcgotrit: righti;, including without limitation costs of evidence of title. court
<br />custom, appraisals, 6itrrer=; and att�irncy's Ellis. Any such costs rind expenses it fit paid within ten 110) days of written
<br />demand shall dray interest at the dt•fault rite prot,•ided in the Note.
<br />o. EMINENT 1H }: AIN 'Qif -uld thr,'Trust Estate•• or ally part thereof rrrintE.Tu.st thf,- reiii. ire taken or damllged b.
<br />reason of any public improt i nlent r •r cundernnatmn prrx•te•ding. or in tiny othermantitar im'lu(ling deed in lieu ofC't.lndum•
<br />nation [ "Cor.,demnation'•r, , it should TrL >tor rt crye 4111 •: nutics.• or other info lrmation regarding sut•h prmwi ing. Trust(ushall
<br />�! :`B yrL•!'a*a. :: Stt�,: rltJttC'i t :ac'rc�,f ia. if: T,e,;t rtrry. itritech ieuy shall Le erriiiit d iu it it ctrmpenslatlon,•awards and odter [lily- ,
<br />nients fit relief therefor. and shrill ht' entitled at iU- upturn ter ('t,nlnienc(•• appear i n iitid prmset-utP in its own narnewiv adlon
<br />or proceedings. Beneficiar: shall also I* entiticd to inakt• any ( ompronliseur settiement in vin nection a7th Such taking or 1
<br />d,image.. All such compens itinn. a«artlo-.. damages. rights of aoion and pruct*ds awarded to l'rus2or [the •'Proceeds', :.ire
<br />I!°..t`I!3 :i,r,lg^ed .c !',t rrc cii:F� r;ri(e Ttir+t •i +7r:rc ra irr t' ;t�UEP SllCh fiu th(7 as 7gnttt( f,tCi !et [tit' t'rr)(E E(1S as Fieneficiary r,r
<br />Tyustiv inay require.
<br />B, APPOINTMENT t bf' Sl `t'(T FISH il? '1•f {1'-r (V: fient•frciary may. from tinle to Unit•, by a wntten instrument
<br />(' :rtratted and acknowlt -Aged by fir rwfir•ran•. rncurtd tr, Trustor and Ric. : -rd(+d in the Gluntc rri Whir'h the Trust f 7sate 14
<br />ttefatoda11dZv (rtliumisecfrnpivitii!u -iii the pr,, Cl!;I rris4th (- apphrableInwoftheState'(,f a•hrltsrasuhstitui('ilt!uvwrsvr
<br />'it n V'(•:' %'yr; trr thr! TPJ -'.CF• F11mCA 11i "It' 11 ,,r d,•ting 1 :(T(under.
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