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GONTS:d
<br />1021133
<br />MW or Tau q-
<br />This Deed of Trust is made this 21St day of April , 19 89 , by soil Mang MC}laLl .1 .
<br />Pokornev & Julie A POk = , hereinafter referred to 'Tr ketar
<br />." -
<br />;hose wailing address Is �T S ; l�I�Ci_ raaaEk —
<br />Attorney at Law, hereinafter referred to as -Trustee, ubose wailing address is P
<br />Grand island NE 6&RM; std THE OVERLAM NATIONAL BANK OF CRAND ISLAND. hereinafter referred to as
<br />Beneficiary, whose sailing address is P. O. Box 1688. Grand Island. Nebraska 688102.
<br />For valuable consideration, Trustor Irrevocably Kronts, transfers, cocveys and assigns to Trustee. to
<br />trust, with power of sale, for the benefit and security of Beneficiary. under snd subject to the terns and
<br />conditions of this Deed of Trust. the following- described property, located in Hall County,
<br />Nebraska, to -vita
<br />Lot One (1) . Block Forty Three (43) , in Russel Wheeler's Addition
<br />to the City of Grand Island, Hall County, Nebraska.
<br />together with all buildings, improvements. fixtures. streets, alleys, passageways, easements, rights. privi-
<br />leges and appurtenances located thereon or in any way pertaining thereto, and the rents, issues* profits,
<br />reversions and the remainders thereof, including all such personal propert7 that is attached to the improve-
<br />ments so as to constitute a fixture, all of which. including replacceents sod addition• thereto, are hereby
<br />declared to be a part of the real estate conveyed in trust hereby. it being agreed that all of the fore-
<br />going shall be hereinafter referred to as the " Property."
<br />FOR THE ruRFose of SECURING:
<br />(ej the payment of indebtedness evidenced by Trustor. s tt,�p�'Y3_ ith in _
<br />the principal sum of Si \teen thoUSand nine bun_dred , ogether
<br />with interest at the rate or rates provided therein, or the principal and interest on any
<br />future advance not to exceed the total principal sum initially secured hereby as evidenced
<br />by prceissory notes stating they are secured hereby, end any and all renewals, modifica¢ ions
<br />and extensions of such notes, both principal and interest on the notes being payable in
<br />accordance with the terms set forth therein, which by this reference is hereby wade a part
<br />hereof;
<br />(b) the performance of each agreement and covenant of Trustor herein contained; and
<br />(c) the payment of any sum or sues of money which say be hereafter paid or advanced
<br />by Beneficiary under the terms of this Deed of Trust, together with interest thereon at the
<br />rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as follows:
<br />1. Payment of Indebtedness. To pay when due, the principal of, and the interest on, the indebted-
<br />ness evidenced by the note, charges, fees and all other suss as provided in the loan instruments.
<br />2. Title. Trustor is the owner of the property and has the right and authority to execute this
<br />Deed of Trust in respect to the property.
<br />). Taxes and Assessments. To pay, when due, all taxes, special assessments and all other charges
<br />against the property, before the same become delinquent, 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 en-
<br />able Beneficiary to pay such taxes, assessments or other charges as they become due.
<br />6. Insurance. To keep the improve--nts now or hereafter located on the real estate described
<br />herein insured against damage by fire and such other hazards as Beneficiary may require, in amounts and
<br />companies acceptable to Beneficiary, and with loss payable to Beneficiary. In case of loss under such
<br />policies, Beneficiary is authorized to adjust, collect and compromise, in its discretion, all claims
<br />thereunder and, at its sole option, Is authorized to either apply the proceeds to the restoration of the
<br />property or upon the indebtedness secured hereby. but payments required by the note shall continue until
<br />the sums secured hereby are paid in full.
<br />5. Repair, I'wintenrncz and Dse. To promptly repair, restore or rebuild any buildings or improve -
<br />w-nta now or hereafter on the pr.,pecty; to keep the property in good condition and repair, without waste
<br />and free from mechsc :cs or other liens not expressly subordinated to the lien hereof: to not make, suffer
<br />or permit any nuisance to exist nor to diminish or impair tie value of the property by any act or osiaaion
<br />to act; and to comply.with all requirements of law with respect to the property.
<br />F. Condemnation. In the event the property, or any part thereof, shall be taken by eminent domain.
<br />Beneficiary is entitled to collect and receive all compensation which may be paid for any property taken
<br />or for damnees to property not taken, and Beneficiary shall apply such compensation, at its option, -
<br />either to a reduction o: the indebtedness secured hereby or to repair and restore the property` so taken.
<br />7. Ferformancc B7 ntliciary. Beneficiary may, but shall have no obligation to, do any act which
<br />Trustor has agreed butfalled to do, and Beneficiary may also do any act it deems nccemeery to protect
<br />the lien hereof. Trustor agrees to repay, upon demand, any sums so expended by Beneficiary for the
<br />above purposes, snd any sum so expended by Beneficiary shall be addid to the indebtedness secured here-
<br />by and become secured by the lien hereof. Beneficiary shall not incur any personal liability because of
<br />anything it may do or omit to do hereunder.
<br />8. Assignments of Rents. Beneficiary shall have the right, power and authority during tine con-
<br />tinuance of this Decd 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 possession of the property affected hereby, and
<br />Trustor hereby absolutely and unconditionally assigns all such rents, issues and profits to Beneficiary.
<br />Beneficiary, however, hereby consents to Trustor's collection and retention of such rents, issues and
<br />profits as they accrue and become payable. so long as Trustor is not, at such time, in default with re-
<br />spect to payment of any indebtedness secured hereby, or in the performance of any agreement hereunder.
<br />If any event of default described hereafter in respect to this Deed of Trust shall have occurred and be
<br />continuing, Beneficiary, as a matter of right and without notice to Trustor or anyone claiming under
<br />Trustor, and without regard to the value of the trust estate or the interest of the Trustor therein,
<br />shall have the right to apply to any court having jurisdiction to appoint a receiver of the property.
<br />9. Inspections. Beneficiary, or its agents, representatives -r workmen, are authorized to enter
<br />at any reasonable time upon or in any part of the property for the purpose of inspecting the same and
<br />for the purpose of performing any of the acts it is authorized to perform under the terse of any loan
<br />instrusents executed by Trustor.
<br />10. Transfer of Property. If all or any part of the property or any interest of Trustor therein
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