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<br />69-.. 102664
<br />D110 OF TRUST Kathleen. 'Tibbs, a single woman.
<br />THIS DEED Of TRUST, mode this Lgth day of_ %y , 19 89 by and omong_�`t_argaret E, P1cKinney, a single
<br />whose mailing oftess is_ 1521 W. Division. Grand Island , Neb. and 1521 W. Division. Grand wo n.
<br />(herein "Truster * *), and 11M NATIONAL RANK t TRUST COMPANY IN AURORA. whose moiling address is I I of I lift Street, Aurora, Nebraska
<br />68818. (heron "truslee" and "Beneficiary").
<br />FOR VALUABLE CONSIDERATION. kKkWkV the indebtedness indentified herein and she trust tw0ht created. the receipt of which Is hereby
<br />acknowledged Truster Irrevocably grants, transfers. conveys. and assigns to Trustee, IN TRUST, WITH POWER OF SALE, For the benefit and
<br />security of Beneficiary, under and subject to the terms and conditions of 119s Eked of Trust. the real properly drtsrribed os fottowsr
<br />Lot Five (5). in Block Eleven (11), Charles Wasmer's Addition,
<br />Grand Island, Hall. County, Nebraska,
<br />TOGETHER WITH, all rents. prolils. royalties, income cvtd other benefits derived from the real properly, all leases or subleases covering the
<br />real property or cay portion thereof, now or hereafter existing or entered into. and all right, title and interest of Trustor thereunder; all in.
<br />forests. estate or other claims. both in law and in equity, which Truslor now has or may hereafter acquire in the red propertyt ON eosettKnls,
<br />rights -of -way, tenements. hereditomenis and appurtenances thereof oW there'to..all oil and gas rights and profits, water rights and water
<br />stack, ell riow, title MA G►1.r.y e! *.sr tx, row t�3 c: ls„::,3,.e: v,.��d itvan� io .. .
<br />arty iano ryttq wili W tht tighl -of -way of tiny street or
<br />highway odpinirq the real property, any and all buildlrtgs, fifttures..inrprovenriferces, and appurtenances now or hereafter erected thereon or
<br />bekw*v fts— ter. (heroin referred to as "Irnpsovement" or • 1mproW4„— ants ")j an d oay or,u al: awards made for the taking by eminent domain
<br />or by any proceeding or purchase in lieu thereof, of the whole or any part of the real property.
<br />AN of the fortgointi *$fate. property and interest hereby conveyed to Trustee herein collectively referred to as the "Property'. .
<br />THIS DEED OF TRUST 91ALL SECURE,
<br />(a) Thor payment of indebtedness evidenced by Trustor's rate of even dote herewith in the pxincipol sum of _ Nine _t haij,
<br />one hundred twentv —six and no/100ths - - - - -- ,.,_Dollars (S -0
<br />Dollars ),
<br />together with interest of the rote or rates provided therein. (herein, together with any and all renewals. modifications. ondextensfons (hereof.
<br />referred to as the "Note ") both principal and Interest on the Note being payable in accordance with the terms set forth therein, reference to
<br />which is hereby mode, the final payment of principal ond,interest, if not sooner paid and if no renewals. modifications or extensions ore mode,
<br />due and payable on_ _may 23rd i999
<br />(b) The performance of each agreement and covenant of Truster herein contained, and
<br />(c) The payment of any sum or sums of money with interest thereon which may be hereafter pond or advanced under Ilra terms of this Deed of
<br />Trust.
<br />(d) The payment of any future advances necessary to protect the security or any future advance mode of the option of tine parties; and
<br />(e) The performance of on obligation of ony other person named in this Trust Deed to a beneficiary_
<br />TO PROTECTi Tim SECURITY OF TH1S DEEDQE'TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS fOtIOWS.
<br />1 • PermeN! of Pr%dpd and Interest. Tet for shall promptly pay when due the principal of and interest on rho indebtedness evidenced by the
<br />Note, and ail Other charges and tees as provided in the Rote, and the principal of and interest an any future Advances secured by INs Deed of
<br />trusfi;:�
<br />?. Nttrreaty,ef Title. Trustor is lawfully Teir,ed and pdssessed of good and indefeasible title arrdestate to the Property hereby conveyed and
<br />has the regal. figront and convey the Ptopiertyr the Property is free oM clear of all` liens and ecoimbronces except liens now of record, and
<br />truster wit! *w, ant and defend the title to ttve Properly against ail c6 ntvx and demands:
<br />3. Mdeteneeee end Cereprl111"Ce with lows. Trustor shall keep fhp Property in goad, condition and repair and shalt not commit waste or permit
<br />Trttpeirment or deterioration of the Property and shall comply with the provisions of any lease if this Deed of Trust is on a Ieosehokl. No Improve-
<br />ment now or hereafter erected upon the Property shall be oltereff iitnaved or demolished witt.*ul the prior written consent of Beneficiary.
<br />Trustor shall camply with oil laws, ordinances, regulations, covenants; conditions and restrictions alfecting the Properly anti not commil, suffer.
<br />or permit any act to be done in or upon the Property in violation of any law, ordinance, regulation, covenant, coindif ion or restriction. Truster
<br />SW complete of restore promptly and In good workmanlike manner any improvement on the Property which may be danxged or destroyed and
<br />Wy, when due, all claims for labor performed and materials furnished therefore ornd for any alterations thereof.
<br />e. '"serene*. Truster, at its expense, will maintain with insrrors approved by Beneficiary, insurance with respect to the Improvements and
<br />personal properly, constituting the Property, against loss by fire, lightning, tornado, and other perils and hazards covered by standard extended
<br />caveroge endorsement, in on amount equal to at bast one hundred percent of the lull replacement votue thereof and Insurance against such
<br />other hazards and in such amounts as is customarily carried by owners and operators of simular properties or as Beneficiary may require for its
<br />protection. Trusts will comply with such other requirements as Beneficiary may from lime to time rpriuest lot We pwotectiorthy insurance of the
<br />interests of the ►esptcfive prrlies. All insurance policies maintained pursuant to this Deed of trust shall name frustor and Beneficiary as in-
<br />seeds. as their respective interests may oppeor, and provide that there shall be no cancelfation or modilicotion without no less if 15 1 S days
<br />prix► wrilfen tvolificalion to Benelitinry In live event any policy hereunder is not renewed on or before 15 days prior to its expiron dote,
<br />RenelKiary may procure -limit Insurrnue in acco:da+re with the provisions of pangroph I l,pleof. irustor shall deliver to Qeneficiory the ofiginnl
<br />policies of insuronc4p rind terrewnN therpnl or nvensn enpior, of 5101 policies and renawnl, thereof fnilurr tp hellish lice h insvmnrp by T►ustor, nr
<br />renomilt no rsrpuirprl hr're,rrutrr, thnst, (it (lip oprtir,rr of finnelitiary, constitute 0 deNtift
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