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<br />DEED of TRUS 04982 THIS DEED OF TRUST, made this 27th . day of August 1990 , bBtMreeli
<br />Hevehr —, yih1 l� - - - - -� –/� — - -- •- -- --- asTrustor,T -
<br />lrlrs7ner BEAK National �ESO� &nl 0 L r `
<br />Nebraska as Trustee,
<br />0431fer Bank. National Association Omaiha, Nebraska ` _
<br />s
<br />' as Beneficiary: t
<br />Vi+ITNESSETH:
<br />T hat - Trustor kMOca --
<br />grsr�ts; transfers and assigns to Trustee ill wi8� power of safe. iilfe foitowing.deacribed
<br />PMPWV.
<br />Lot one: (1), in Busboom Subdivision in the City of Grand Island,
<br />Hall County,- Nebraska. ;
<br />{ •
<br />together with all interest which Trustor now has or may hereafter acquire in and to said property and in and lo. (a) all
<br />i easements and rights of way appurtenant thereto; (b) all tenements, hereditaments, buildings, structures, improvements,
<br />fixtures. equipment furnishings and appurtenances now or hereafter placed thereon; (c) all leasehold estate, right title,
<br />and Interest of Trustor in and to all leases or subleases thereof or any portion thereof now or hereafter existing or entered
<br />into, and all right, title, and interestofTrufitorthereunder, including. without limitation. all cash or securitydeposits . advance
<br />rentals, and deposits or payments of similar nature, and (d) all mineral, oil, gas rights and profits, water, water rights. and
<br />WSW stock. Trustor agrees to execute and deliver, from time to time. such further instruments as may be requested by
<br />Beneficiary in form and substance satisfactory to Beneficiary to confirm the lien of this Deed of Trust an any of the
<br />f aforementioned property. The property so conveyed to Trustee hereunder is hereinafter referred to as "such property". 4�4
<br />The Trustor absolutely and irrevocably grants, transfers and assigns to Beneficiary the rents, income, issues, and profits
<br />of all property covered by this Deed of Trust
<br />FOR THE PURPOSE OF SECURING:
<br />1. Payment of the principal sum of Forty - six thousand and no /100------------------ - = - - --
<br />- - - - -- ($46,000.00) nollars-- ---- -- li•
<br />evidenced by the certain promissory note dated of even date herewith (hereinafter referred to asthe "Promissory Note')
<br />executied by Beverly J. White
<br />. 1
<br />in said amount and payable to the order of Beneficiary maturing on Aucrust_ 27, 1995
<br />together with interest thereon, late charges, and prepayment bonuses according to the terms of the Promissory Note
<br />and all renewals, extensions, and modifications thereof.
<br />2. Performance, discharge viand compliance with every obligation, covenant a'nd agreement of Trustor incorporated by `
<br />reference or contained herein or in any other security agreement or deed of trust at any time. given to secure any
<br />indebtedness hereby secured, or any part thereof.
<br />3. Payment of all fees and charges of Beneficiary or Trustee, whether or not set forth herein.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR COVENANTS:
<br />TITLE: That it is lawfully seized and possessed of a good and indefeasible title and estate to all of such property in fee
<br />simple free from any prior lien or encumbrance, has good right and lawful authority to convey the same, and will forever
<br />warrant and defend the title thereto against the claims and demands of all persons whosoever; that It will. at its expense,
<br />maintain and preserve the lien of this. Deed of Trust as a first and paramount lien upon such property.
<br />MAINTENANCE: To keep such property in good condition and repair; to complete or restore promptly and in good and
<br />workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay, when due, all
<br />claimsfor labor performed and materials furnished therefore and for any alterations.ihereoh,.tocomply with the provisions
<br />of all insurance poticies.eovering said premises, to comply with all laws. ordinances, regulations, covenants, conditions
<br />and restrictions affecting such property; not to remove, demolish or materially alter any building, or the character or use
<br />thereof at any time thereon; not to drill or extract nor to permit the drilling for or extraction of oil, gas or other hydrocarbon
<br />__ -- _ " �nrr"° �f�roiSrijr�ie�BralCiin> t�tltirztiti�t�5tii8wriltEl�G�a► 1£ S�+ rlttlit�er*. eflCi8r�flSi' s8{ �' S!! �' ��St�lttQ?�;notttZCf;#ir�t €ti}r .
<br />permit any wastethereofor any act upon suchproperty in violation of law; to do all other acts in timely and proper manner.
<br />which from the character or use of such property maybe reasonably necessary to protect and preserve said security, the
<br />specific enumerations herein not excluding the general.
<br />CONSTRUCTION OF IMPROVEMENTS: To complete in good and workmanlike mannerany building or improvementor
<br />repair relating thereto which may bebegun on suchpropertyor contemplated bythe loan secured hereby, to pay.when due
<br />all costs and liabilities incurredtherefore, and .notto permit any mechanic's lion against such property. Trustor alsoagrees,
<br />anything in this Deed of Trust to the contrary notwithstanding; (a) to prorptly commence work and to complete the
<br />proposed improvements promptly, (b) to complete same in accordance-with plans and specifications as approved by
<br />Beneficiary, ( c )to comply withal) of the terms otany building loan agreement between Trustor and Beneficiary, the terms of
<br />which are incorporated herein by reference to the same extent as it fully set forth. heron and mada'a part of this Deed of
<br />Trust, (d) to allow Beneficiary to inspect such property at all tinges during construction. and (e) to replace any work or
<br />materials unsatisfactory fo Beneficiary, within fifteen (15) days afterwrrtten notice fron's Beneficiary of such fact. which
<br />notice may be given to Trustor by registered or cerfitied -mail, sent tts his lasf known address, or by personal service of the _
<br />same. i
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