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<br />DEED or Tim
<br />(CIPM End !multiple Note)
<br />This Deed of Trust is made this 7th day of August
<br />RiGRaao :. $lt l pr SDI Patr
<br />her iraf f d ho i dr i
<br />190 9 , by and swag
<br />e tea re err. to as rotor, w Be Be ling ad ems s,,_ 4M7Y —:VMA M I$1�C1i1
<br />Attorney at Taw. hereinafter referred to as MM
<br />"Trustee." whose mailing address is P ;
<br />sad THE OVIN"ID NATIONAL BANK of GRAND ISLAYD, heseinaftet referred to as ' neiielaTy," -boss mailing
<br />address is P. o. Dos 1638, Crand Island, Nebraska 68881.
<br />for valuable consideration, Truster irrevocably grants. transfers, conveys and asalps to Trustee,
<br />In trust, with power of sale, for the bassfIt• and security of Beneficiary, under and subject to the
<br />term- and conditions of this Deed of Tract. the following- dsserlbed property, located in W1
<br />Canty, hebrasko, to -wit:
<br />Lot Ten (10), in §Lm_k- vo (2)t Capital Heights ! ton,
<br />berg a •:ti1, t* S.th est.. Quarter (SWD of SeCti�' t TUb (2),,
<br />Muge Ten (10)..: West of- °th
<br />together with all buildings, larprarp ct ; ,. 4 op ps; rCreetsf;. lerti_ . garsuig}vays, "Ids nta, siglito,
<br />Privileges sad appurtenances Lcteaee8 eb p or fal;:srl Se` lay p�aLA.ng:tit�!eto., and the data, 140; s.
<br />profits, romrsiats and the rsnaiddere lt.h.#0of, int�l ing all suc'1' peigoaa property that is attic2►ed
<br />to the isgrovsmsnts so as to epastitutit."c.fisture, all of which,•" �: gd ff;?�raplaeemeats and additiizrs
<br />thereto, are hereby declared to be a parm of the real estate covvvv1a�t--in 1 meat hereby, it being agreed
<br />that all of the foregoing shall be hereinafter referred to as this. ",L'roperty."
<br />VQx THE PURPOSE OF SECURING: '
<br />(a) the payment of personal indebtedness owing from Trustor to Beneficiary, as
<br />evidenced by Promissory Notes of various dates in the total present principal amount of
<br />(b) the payment of intereat:'4c -the rate or rates provided in the afore - described notes and
<br />the payment of both principaX *4 1werest an any and all renewals, modifications and extensions,
<br />of such notes;.
<br />(e) the payment of LirfAcipsl and interest on any future advance as may be evidenced by
<br />promissory notes stating cney are secured by this Deed of Trust; provided, however. that the
<br />total principal indebtedness. not Including sums ad arced W p oUC t seeut�uuy qs igqtterast
<br />accrued. shall not exceed the sus ofeventeell t70gSanC� I10%rl -- (g17,UW.W );
<br />(d) the performance of each agreement and covenant of Trustor herein contained; and
<br />(e) the payment of any sum or suss of money which may be hereafter paid or advanced by
<br />Beneficiary under the terms of this Deed of Trust, together with interest at the highest
<br />rate provided in the notes secured hereby.
<br />To protect t:.v security of this Dead of Trust. Trustor hereby covenants and agrees as follows:
<br />1. Psvment of Indeiir-tAness. To pay when due. th-r principal of, and the interest on, the in-
<br />debtedness evidenced byj M).a note. charsa, fees and a.l other sums as provided in the loan instru-
<br />mmts.
<br />2. Tide. Trustot to the owner of the property and has the right and authority to execute
<br />this Dead e Trust in respect to the property.
<br />3. Toxesea d Aase_!gaitltta. To pay, when due. all taxes, spacial assessments and all other
<br />charges slatnet the p . 4 y. before the same „kdcome delinquent. and, in the event Beneficiary
<br />shall so require, to add rho the payments required under the note socurW hereby. such amount as
<br />may be sufficiant to enable Beneficiary to pay such tares; assessmento or other charges as they
<br />become due.
<br />♦. Insurance. Td.. keep the improvements now or herk/ift:er located on the real estate
<br />described herein insured against damage by fire and such other hasards as ganeficiary say require,
<br />to amounts and companies acceptable to 8onsficiary. and with loss payable to Beneficiary. In case
<br />of lose under such policies. Bsnot1ciary is authorited to'adjust. collect and compromise, in its
<br />discretion, all claims thereunder anut•„ at its sole option, to authorised to either apply the pro-
<br />ceeds to the restoration of the propperty or upon the indebtedness secured hereby. but payments
<br />required by the oc¢e shall continue unr19, the sums secured hereby are paid in full.
<br />S. Kov,a!_ r �nai -r�y nar:ce and Use. To or'm*Uy repair, restore al, rebuild any buildings; at
<br />Atlrrvvememto It.;v e'•1wzwxfter on rrts,properevn -• to komp the property •i-e good condition and repairy
<br />without uaotf .+ear 'frde from aseheni:” or other lions not expressly subordinated to the lien hereof;
<br />to not maksy. i offer. or permit any nsVioance to exist nor to diminish or impair the value of the
<br />property by i*y sct or omission to act; and to comply vith•all requirements of law with respect
<br />to the property.
<br />6. Condessatiom.,:I' lam' the event the property, `or''uny part thereof. shall be taken by eminent
<br />domain, Beastrc ry 1e Mm'titled to collect asd receive all compensation which say be paid for any
<br />Property taken or for damages to pnVerty not taken, and Beneficiary shall apply such compensation,
<br />at its option, either to a reducatce of the indebtedness secured hereby or to repair and restore
<br />the to
<br />so taken.
<br />7. P*rformumco by Beneficiary. Beneficiary my. but shall have no obligation to. do sky act
<br />which srastor has Wood but failed to do. and Beneficiary may also do say act it der nec:eaaary,
<br />to Protect the line hersof.. Trvatar agrees to spay. upon demand. any sums so expanded by'* mse-
<br />f iciasy for the above pavoses, and any am so tzpmded by Beneficiary shall be added to the iat-
<br />debtadaess matured hereby and become sararsd by tha glen harapf. Eanartegavy a>!�t not 1Cr•,,.. '-aY
<br />potsomal liability bscdvse of anything it may do or omit to do hereunder.
<br />S. I,anscttoas. Beneficiary, or its agents, representatives or workmen, are authorised to
<br />*,star at say reasonable time upon orr In my part of the property for the purpose of Inspecting the
<br />ease and for the pmrpoee of perfonut*g say of the acts It to authorised to perform under the terns
<br />of say lode lsstsawtts etacuted by Trustor.
<br />9- AdsiBtssec of Rasta. Mneftclary shall have the right, power and authority during the
<br />rantisrasea of this DieO of trust to collect the rents, issues aM profits of the property and of
<br />any Wrsosal prayerty located thereon with or without taking Dossemsion of the property affected
<br />hereby. and Tfuaeor harebw absolutely and uncondirtonally assigns all euctm rcnes, issue• end prof tree
<br />to Beneficiary. Benafieesry, however, hereby consents to Tfustor's ralieetion and retention of Ruch
<br />taste. feeut+e atsd brUffts to they accrus and become payable, so lunX as Trustor fs nut, at such tfma,
<br />wl- .
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