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<br /> 'I'HI5 DEED OF TRUST is made on.�is 4th day of Jan�ary, 1999. The Trustor
<br /> (whether one or more) is KE�INE1�-i�J. S'T'AAB a.�ti ROSE l�1ARY STAAB,Husbanc� ._..
<br /> and VJif�,whose addres,�'r,r purposes of�r�otices in respect¢�`�his Deed of Trus!is�.0. �
<br /> Bo� 28(5, Grand Isiand,IJE 68802-18b1i and is sometimes ki�rein ic3entifed as B�r-
<br /> rc�wer. The'I'rustee is RONALD S. DEU�tE, Attorney at Law and member of the . � �
<br /> Nebraska State Bar Association,vvhose address is P.O. Box 46Q,Grand Island,NE �
<br /> 68842-Q460. Tlle Beneficiary is 3H F'i�RTNERSHIP,a Nebr•aska Gerzeral Partnership, � �
<br /> whose addres� for purgoses oi�notificati�n ur.der this Deed of Trust is 1804 W. Anna ;�
<br /> Street,Gran��i Island, NE 68803 and is sometimes herein idetttif ed as Lender.
<br /> �
<br /> BORROWEI�IKREVOCABLY CONVEYS TO TRUSTEE,ZN TRUST,WITH ?
<br /> PrJW�R C�F S��.E, TI3E FO�.I,OWING: `
<br /> Lots (1), Two (2),Three (3) and Four(4), Southlasm Secand Sutxiivision to the City of
<br /> Grand Islar:d, H�11_ County,Nebr�skzi; .
<br /> ;{
<br /> together�vith all buildings, improve;ments, fixtures, streets, al(eys,passagew�ys, ease-
<br /> ments, ri�hts, privileges and appurtenances la�ated thereon or in anytivise pertaining �
<br /> thereto, and the rents, issues arid profits, reversions ar.d remainders thereof, and sucti per-
<br /> sozaai property i.hac is atta�hed to the improvements so as to canstitute a iixture, including,
<br /> but xl�t lirnrted to,heating and�ooling�Quigment�nd together with the hoinestead or
<br /> marita.! interests, if any, w�ich interest$are hereby released and waived, all of which,
<br /> ;n�luding replacemeats and additions tl�ereto, is hereby declared ia be a part of the real
<br /> estµte secured�y the lien Qf dTis Deed of Trust and alI of the foregoing being referrea to '
<br /> �erein as the "Property".
<br /> Borrowez owes Len;�er tt�e total sum of One Hundred Thotisand and N«/l OQ Dol-
<br /> lars(�l OQ,�00.0U) evidenced�y Borcawer's Note�f even date herewith(hereinafter
<br /> referred to as "Bebt")�vhich t�as a stated maturity date of Jan�ary 4, 2003. This Debt -
<br /> shafl include any and all modifications,extensions and renewals thereof or thereto and
<br /> any and all future advances and readvances to B�;rro�ver(or any of them if more than ane j
<br /> hereunder pursuant to nne er more prornissory notes or credit agreements(herein called '
<br /> ��Note"
<br /> )•
<br /> This rJeed of Trus1 secures to Lender the Debt evidenced�y said Note,the pay-
<br /> ment of a.l other sums,with ir.ter�st, advanced under the provisions hereat�er to protect
<br /> the security and the��rformance of Borrawer's covenants and agreements.
<br /> Bono�ver covenants tfiat$orrower is lawfully seized of such reai estate and ha.e
<br /> the legai power and lawiul auth�rity to cenvey the same and warrants and�vill defend
<br /> titie to the real�state against tl��lawful claims of ali persc�ns. ;
<br /> •�
<br /> BORROW�R AI1D LENDER AGREE AS FOL�.OWS: '
<br /> 1. Borr�wer shail pay when dne, the principat and interest as grovided in said �
<br /> Note.
<br /> 2. �t,t payments received�y Lender shall be first applied to advances wl�ich may
<br /> lia��e been made by Lender and then ta interest d�ie and last to principal due.
<br /> 3. Borrower shall yay aIl general real estate taxes and special assessments a�ains¢ k
<br /> the Pr�perty before thz same become delinquent. ;
<br /> „
<br /> �. Borrower shall k�ep the improvements on said Property insured against loss by `
<br /> fire�u�d hazards included with the te:m "extended coverage" fo*their insurable value�nd �!
<br /> pr�licies for the same shall incfude a standard mortgage clause showing Lender herein. 1n
<br /> eve��t of toss, Lender may make proof o#'Ioss if not promptly made by Borrower. insur-
<br /> a.nce proceeds shall b�applied ta restoration or repair of the Property damaged,unless �
<br /> both parties othenvise a�ree,except if restoration or repair is not economicatly fea.Sible or ''
<br /> Lender's security is not lessened,otherwise said proceeds shall be paid on the debt �
<br /> herein,whether or not tiien due. � �,
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