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FE DEED OF TRUST 103719 THIS DEED OF TRUST, made this 18th day of __ July 19.2-9—. between ("— E. Laverne Shehein and Deana R. 9hehein, husband & Yt fe as Trustw. . [' Firarw hank, National Association, Omaha, Nebraska as Trustee, Firaller Bank, National Association, Omaha. Nebraska as BenAfRciary. VATNESSETH: That Trustor irrevocably grants, transfers and assigns to Trustee in trust, with power of seta►. the following described property: The Northei`>"ly Forty -Dour Feet (N44' ). of the - 7p%ttherly Eighty - eight Feet (S88'') of Lot Eight (8) , in Block Sixty- 7f'Cur (64) -in thw Original Town, now City of Grand Island, Hall County, 'tiebrarlls . together with all interest which Trustor now has or may hereafter acquire In and to said property and in and to: (a) all easements and rights of way appurtenant thereto; (b) all tenements, hereditaments, buildings, structures, Improvements, fixtures, egiulprnent, furnishings and appurtenances now or hereafter placed Owwoon; (c) alb'Isesehold sMsler r,�ht and interest of Trustor in. and to all leases or saubkmm3 thereof or any portion thereof now 0 he 001 of or entered info. and all right, title, and Interest of TrusWthefeunder, including, without limitation, all cash or security deposits, advance ran** and 0eposits or payments ot simikw iaature. and td) all mineral, oil, gas rights and profit, w** **W riolls and woter sock. Trustor agrees to exflctile'and di(iver. from time to time, such further instruments as may be requested by son adciiryr tin form and substances safisfactotyp to Beneficiary to confirm the lien of this Deed of Trust on any of the akstret nliuned property. The property so.convoyed to Trustee hereunder is hereinafter rafsrr+sd to as "such property". _ -__ .71..- t.,�w. •••+ T:. Rvir: � .�r'sa'cvir�Fanis:ir6rtsiersanQ - ' 01,010 property covered by,this Dead of Trust assgrlsto eeneticWiry tf�e rent, inc�orllre, issues, and profits FOR THE PURPOSE OF SiECURING: 1. Payment of the principal suin of. :. Twen thousand and no /100-------------------- - - - - -- -- : - (S21Sy009 *60) Dollars------------------ - evidenced by Mecedarn promrasdry notedrsaed of even date herewith (hereinafter referredjoas the "Promissory Note'l executed by E.',Zairerne and Dona R. Shehein in said amount and paydble to thowder of Beneficiary maturing tint July 18. 1996 together with interest thereon.; fate, charges, and prepayment bonuses according to the terms Of the Promissory Note and all renewals, extensions, and modifications thereof. 2. Performance, discharge of and compliance with every obligation, COftnant ano agreement of T'rustorincorporated by reference or contained herein. or, In any other security agreement or deed of trust at any time given to secure any indebtedness hereby secured. or any part thereof. 3. Payment of all fees and charges of Beneficiary or Trustee, whether or not set forth herein'. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR COVEN TS: TITLE: That it is lawfully seised and possessed; of a good and indeie"bla title and estate: to all of such property in ids simple free from any prior lien or encumbrarme, has good right and faVrrfui'authafity'to convey the same. and will forever warrant and defend the title thereto against the claims and d'ernanda of all persoela whosoever; that it will, at its expense, maintai: - end preserve the lien of this Deed of Trust as a first and paramount tlai n +upon such property. MAINTENANCE: To keep such property in good condition and repair; to compfete or restore promptly and in good and workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay, when due, all claimsfor labor performed and materials furnished therefore and for any afterationt thereof; to comply with the provisions of ON insurance policies covering said premises, to comply with all laws, ordinance& regulations, covenants, conditions and restrictions affecting such property; not to remove. demolish or materially alter any building, or the character or use thereof of any Batts thereon; not to drill or extract nor to permit the drilling for or extraction atoll, gas or other hydrocarbon substances, wateror any mineral of any kind unleasthe written consent of Beneficiary is had and obtained; not to commit or permit any waft thereof or any act upon such property In violation of law; to do all other acts in a timely and proper manner which Mom the character or use or such property may be reasonably necessary to protect and preserve said security, the specfMc enumerations herein not excluding the general. CONSTRUCTION OF IMPROVEMENTS: To complete in good and workmanlike mariner any building or improvement or repair r"N" thereto which may be begun on such property or contemplated by the loan secured hereby, to pay when due Oil cotes and liabililfes Incurredtherefore. and not to permitany mechanic's lien against such property. Trustor also agrees, anything in this Deed of Trust to the contrary notwithstanding; (e) to promptly commence work and to complete the Wised improvement Promptly. (b) to complete same in accordance with plans and specifications as approved b b�ic�Y. (c Ito Comply with allot the terms of any building loan agreement between Trustor and Beneficiary, the terms of which Are Incorporated herein by reference to the same extent as if fully set forth herein and made a part of this Deed of frutlf. f d) to allow Beneficiary to inspect such property at all times during construction, and (ea) to replace any work or f"414111"11101 e1nsa11*1400ry to Beneficiary. within fifteen (15) days After written notice from Beneficiary of such fact. which "Olir:>t mAy tm (even If) Trustor by registered or certified mail, Sn"t 10 hrg Ipst known address. or Oy personal se owe of lho '.�nrtt 7 ie 44