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<br />89�1- 108880
<br />DEED OF TRUST
<br />THIS PEW OF TRUST. triode (NL—A _d of June , lg.Q by and omong Gera1d F. & Joyce C. Kro1 ikowski
<br />wiroie f>,ctt ntatrassiie wit rig s o survivors
<br />P -n- Rnr 171, Mond Rivnrii Nebraerra ,
<br />(herein "Trustw "iftandBank of Wood River twhosomailkgoddrlissP.O. Box 487, Wood River, NE
<br />(herein "Tnnlee" and "llenefkksry ").
<br />FOR VALUABLE CONSIDERATION, imludirg the indebtedness fndentilled herein and tits trust herein created, the receipt of which is hereby
<br />ocknr Oldils . Truster lrrevocobly grants. transfers. conveys, and assigns to Trustee, IN TRUST. WITH POWER OF SALE, for the benefit and
<br />security of Nrrefkiary, under and subject to the terms and conditions of this Deed of Trust, the real property described as follows$
<br />Lot Nine (9), in Block Two (2), in Dodd and Marshall's Addition to Wood River, Hall County, NE
<br />TOGETIOR•.WITH, all fthis, profits. royalties, income and other benefits derived from the real property; all leases or subleoses covering the
<br />Teal propert# for any portion thereof. now w hereafter existing or entered into. and all right, title and interest of Truster' thereunder; all in-
<br />- terests, Billet$ or outer claims. both in law and in equity, wit 6 Trusterr now has or may hereafter acquire irrihe real ;txvperiy; oireosemenfs. -
<br />rights- of -wtip. tenements. lweditaments and oppurtenaxes thereof and thereto; all oil and gas rights and profits, water rights anal water
<br />stock, all right, title and interest of Truster, now owned or hereafter acquired, in and to any land lying within the right -of -way of any street or
<br />highway odiok tp the real property, any and all buildings. fixtures, improvements, and appurtenances now or hereafter erected thereon or
<br />belonging thereto, (herein referred to as "Improvement" or "Improvements "). and any and oil awards made for the taking by eminent domain
<br />or by ony proceeding or purchase In Neu thereof, of the whole or any part of The real property.
<br />All of the foregoing estate, property ad interest hereby conveyed to Trustee herein collectively referred to as the "Properly".
<br />THiS DEED OF TRUST SHALL SECURE$
<br />(a) The payment of indebtedness evidenced by Truitor's note of even dotrharawith in the principol'sum•of
<br />Fivia thousand and no /100 ------------------------------ - - - - -- Dollars (S 59000.00 1,
<br />1 together with interest of the rote or rotes provided therein, (herein. together with any and alt renewals, modifications, and extensions thereof,
<br />s 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 find payment of principal and interest. if not sooner paid and if no renewals, modifications or extensions are made.
<br />due arid payable om :
<br />(b) the performance of each agreement and covenant of Trust or herein contained. and
<br />(c) The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced tinder the terms of this Deed of
<br />Trust.
<br />(d) The payment of any future advances necenary,to protect the security or any future advance made of the option of the parties; and
<br />(e) the performance of on obligation of any athor•person named in this Trust Deed:to a beneficiary.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST. TRUSTOR HEAEOY COVENANTS AND AGAUSS AS FOLLOWS:
<br />•1. roe w*f P iwcipl end interest: T'rusttx snail promptly pay, when due the principal of. aid interest on the indebtedness evidenced by the
<br />anb aN other charges and fees os prav!#ad`frt.the Note, and the principal. of and interest on any Future Advances secured by tift.0eed of
<br />Trust.
<br />2.W !arty of Title. Truster is lawfully seized and possessed of good and 44i'ieosible title and estate 1b the Property hereby conveyed and
<br />-- has the r4hf; o grant and convey the Property; the Property is free and clear of all linens and encumbrances except liens now of record: and
<br />Truslor warvwrroni and defend the title to the Properly against all claims and demands.
<br />3.1111410satmice and Complime with Lems. Trusterr sholl keep the Property-in good condition and repair and stroll not commit waste or permit
<br />f 4toirmeW or deterioration of the Property and shop comply with the provisioni of any lease if this teed of Trust is on a feosehold. No improve-
<br />ment now or hereafter erected upon the Property shall be offered, removed or demolished without the prior written consent of 8eneficiory.
<br />Truster tltoM comply with oil laws, ordinances, regulations, covenants, conditions and restrictions affecting the Property and not commit, suffer,
<br />or permit any act to be done in or upon the Property In violation of any low, ordinance, regulation, covenant, condition or restriction. Truslor
<br />sholl complete or restore promptly and in good workmanlike manner any improvement on the Property which may be damaged or destroyed and
<br />pap, when der, all claims for labor performed and awforials furnished therefore and for any ollerotions thereof.
<br />4. boweeee. Truslor, at its expense, will maintain with insurors approved by Beneficiary, insurance with respect to the improvements and
<br />personal property, constituting the Property, against loss by fire, lightning, tornado, and other perils and hazards covered by standard extended
<br />L coverage endorsement, in on anmrnl equal to of least one hundred percent of the full replacement value thereof and Insurance against such
<br />other hazards and in such ainouttts as is customarily carried by owners and operators of simulor properties or os Beneficiary may require for its
<br />pnoleefior$. buster will cornpty xilh stxh otl►er requirements as Deneliciroy may hom lime to time request for Hit, prolecliou by insutnnre (it the
<br />interests of the respective putties. All insurance policies mointubted ptxsumit to this Deed of Trust sluill name lrustor and fleueltcnu y us it
<br />sureds, as their respective interests may appear, and provide that there sholi be no cancellation or modification without do less than 15 dogs
<br />prior written notification to Beneficiary. In the event any policy hereunder is not renewed on or before 15 Boys prior to ilc oxi auhuY ++fule
<br />Beneliciory rutty procure such insurance in uccordunce with file provisions of porutyaph 7 livreol. Truslor sl +all deliver to (lrmrin oat w- 1 ,nl
<br />poticiea of insuranct. cold renewuts thereof or rnento copies of such policies and renex.nls tluvreuf rodute to fur (rich su :h + +:.n iw e 1 y L +r.
<br />renewrrtt, rs required hereunder shall, of Otte option of Bettetiarrty, constitute a deloull
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