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39,;,. 103883
<br />�FEO Of TRUST
<br />THiS DEED OF TRUST, node this 1 e day of u iX_-_.._.__., 19 89 by and among Gas ' N S Iur. . ,
<br />whose moiling address Is o Raw A1461, l A nr a l n , UP 68501
<br />(herein "Tnistor ")r and OF WOOD RIVER . whose moiling addrest,.0. Box 487, Wood River NE
<br />(ftereks " Tfustee" ond'�W ). 6888
<br />FOR VALUABLE CONSIDERATION, fmkpft the indebtedness indentilled herein and the trust herein created. the receipt of which Is hereby
<br />acknowfelfged. Trusts irrevocably grants, Ironsfers. conveys, and assigns to Trustee. IN TRUST, Willi POWER OF SALE, for the benefit act
<br />security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real property described as follows,
<br />Lots One (1), Two (2) and Three (3) E.W.M. Subdivision, hall County, Nebraska
<br />'TOGETHER WITH, all rents. profits, royalties, kK*.m.e.and other benefits derived from the real property; all leases or subleases covering the
<br />ri0,proWt, or any portion thereof, now or hereafter existing or entered into, and all right, title and interest of Trustor thereunder; all in-
<br />twists, *slate or other c;gign,_both in bw and in equity, which trustor now Iws or may hereafter acquire in the real property; all easements,
<br />arebls- of -vroy. teneenenls,, ttmceditornents and opiwetidxrs tfiireof and 11*0108 all oil and gas rights and profits. woisr r'rynis of nnr wafer - � --
<br />sltock; oil right, tilt* and Wiliest of Trustor. now q*t or hereafter acquired. in and to any land lying within the right-01-way of awrt. street or
<br />Nipiwroy odpirwg the red property, "airy and oil 60wings. fixtures, improvements, and appurtenances now or hereafter erected thereon or
<br />it _ > . (f r e;f r- #-rs -v !o ?<'.:ta l.• or ••IrrtT+rny,m,.nts "): and any and all awards mode for the taking by eminent domain
<br />by any proceeding of purchaie i» lieu thereof, of t5>t,yyhole .x any part or the r aa: property.
<br />All of the foregoing estalkr,. property and interest iW,'ohy conveyed to Trustee herein collectively referred to as the "Property".
<br />THIS DEED OF TRUST SHALL SECURE:
<br />(a) TM pay of if"Iffdness evidenced by Truslor's note of even dote herewith in the principal sum of
<br />Seventy thousand and not inn Dollars (s 70,000.00 ),
<br />together with interest of the rote or rates provided. therein• (herein. together. with any and all renewals, modifications, and extensions thereof,
<br />referred to as the " Note ") both principal and inter. / :on the Note being payable in accordance with the forms set forth therein, reference to
<br />which is hereby made. the final payment of principat and interest, if not sooner paid and if no renewals, modifications or extensions are made•
<br />due and payable on July 1, 1999
<br />(b) The performance of each agreement and covenant of Trustor herein contained; and
<br />(c) The payment of arty sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this Deed of
<br />Trust. t
<br />(d) The payment of any future advances necessory to protect the security or any future advance node at the option of the parties; mid
<br />(e) the performance of an obligation of any other person named in this Trust Deed to a beneficiary.
<br />to PROTECT THE SECURITY OF THiS DEED Of TRUST, TRUSTOR HEREBY COVENAMS AND AGREES AS FOLLOWS:
<br />1. ►*yslow of h llodpatiaeJ Merest. Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the
<br />)Tote, and all other chattiiek?Pnd fees as provided in she Note, and the principal of and interest on any Future Advances secured by this Deed of
<br />Trust.
<br />2. Will eiit.ol This. Trustor is luwrd)iy seized and possessed of good and indefeasible title and estate to the Property hereby conveyed and
<br />has llw right to grant oni.tonvey the Property; the Property is free and clear of all liens and encumbrances except liens now of record; and
<br />Trustor wig warrant and defend the title to the Property against all claims and demands.
<br />3. tUeir tames hind eealig ce with lows. Trustor shall keep the Property in good condition and repair and shall not commit waste or permit
<br />impoirnrent or dttsriorotion of the Property and shop comply with the provisions of any lease if this treed of Trust is on a leaseltold. No improve-
<br />ment now or hereafter erected upon the Property Shoff be altered, removed or demolished without the prior written consent of Beneficiary.
<br />Trustor shoo comply with all lows, ordinances. regulations. covenants, conditions and restrictions affecting Cite Properly oral not commit, suffer, i or permit any act to be done in or upon the Property in violation of any low, ordinance, regulation, covenant, condition or restriction. Trusts
<br />shall complete or restore promptly and in good workmanlike more*, any improvement on the Property which rrtoy be damaged or destroyed and
<br />pay, when due, as claims for labor performed and materials furnished therefore and for any alterations thereof.
<br />4. bewsoeo. Truster, of its enpense, will maintoin with insurers approved by Beneficiary, insurance with respect to the Improvements and
<br />personal property, constituting the Properly, against toss by fire, lightning, tornado, and other per its and Itatords covered by standard extended
<br />L coverage ontdorsoniont. in an amount equal to at least one Itundred percent of the full replacement value thereof and insurance against such
<br />ollw hoards oW in such omounls as is custorwily caned by owners au) operolocs of shoular pfoporlies of OS Bellelicinry zany requite for its
<br />preteellon. truslor will comply with such altter refluirentenih as neueflcl {ny nutf itallt froze to thug request for the pnalecttun by ltnutnnte of Iht.
<br />interests of the respective parties. AM insurorKe polities ntuintained pursucud to this treed of trust shall name li us'*' std 0e1010:9Y ns 1-
<br />sticedt, as their respective interests may appear, anti provide Mat there shall be Ito cuttceltut:on of Im"dlftcatiotl wtrhuttl rte less thort 15 nays
<br />prier written notilkolior, to Beneficiary. In lite event any policy hereunder is not •tttnwed o,t or before 15 tiktys r•rier to it, eavil(tt"'tt .,,,i.>
<br />6ertslKi0ty ntay prottXO S KFI inSUrante ill atcorduttce Willi Otte prevtstuns t,f pits tiglcith tt LMW Shull d01 0 h: qw , f ; • '1, t' 11 r, t.punl
<br />p0hetes of in;uratxe rind te Ise wols IIieteoI cN rrtetno copies a Stich puhcrBS rata •PUPr.UIt tl;:•IcoI FUIi Ill e t!; I , Ith tie• t. Lie• .r•t C I•, It ;••,tn : t
<br />rolie*0S a3 r Sirn'l. ut the opttonof Betteftctsty, cc:nstttoe n 10,0 It
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