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Deed of Trust
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<br />"a 0 (W TRS s md e y of bar. 19 Dabobi. e DL. N snat b i [
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<br />Alzarly 1. Malmo ho a � (herek ofW caw ttte ' Teti ,
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<br />NQMMEST_AAMK ._ Waite tonazl ♦a iati n .u. ...reciv...t, .. r:_
<br />l a , atthd NORWEST MANX ; Hati not Associaiton ,
<br />stirwedghe "8onsapiory "),Mrlget�dlisP. . Bose 1768, 6r nd. Island. Nebraska 68802
<br />WIMESSETH:
<br />I f TiMS MX 1S C0AFM01, j THIS DEED OF TRUST CONSTITUTES A' CONSTRUCTION
<br />SiE•Ct/MYAGROEM I r UNDER THE NEBRASKA CONSTRUCTION LiEN ACT AND CREATES,
<br />GRANTS AND CONST/Tf:I71S A CONSTRUCTION SECURITY INTEREST IN THE PROPERTY
<br />0ESC1RM8.f #MM*W.
<br />T f►d1lt�teatfo sw*k A&ylntheprinctpattsumor IRTY THOUSAND AND NO 100---------------- --- --
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<br />DttMtre (i ?. M�fii".�tl�iirbdeh6pgil'Mas is evidenced by Fiustors prar»lssory note d t to er , 1A . (hereinatTet
<br />ta>MedlMte" Mae'# pslaEAtealtaewdlrraRBer�slicfary and travir�amattxiry.d October , 2994
<br />NOW, TF EF1EF0 , MrV*pu1* -cd rirg:
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<br />(a) PV0MWwdlhe ft*, lrayMhW wINP1iiftt ►sat MMrsar, late charges, Prepayment penafts..any future advances, and aN exwWons..
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<br />Or n4, sta1ltcAa w arhd rwiwais Msreol,
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<br />ft ON4 low Mall oe w sw t, trees o tthatges, together with interest thereon, advanced Io protect the swunty d this Deed of Trust and
<br />" M %Vet t a/" 00*V V,e M *W agreement of Trustor, whether or not set tiotlh herein,
<br />(c) �r.4. dl &*W Chi atrx10. f1r1 tCe with every term, covenant, obffgadw and agreement of Trustor aonialned herein or
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<br />' atrSDMWM#d by roWwrte co w..Wodw security Instrument at anytime given to secure the Mote, and
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<br />tilt fY►e ejmtent of art odhnsr rtrA err future advances. with interest thereon, which may hereMtbre have ireen or hereafter be advanced
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<br />by MenehClary 10 ThA#x e•TnisWs successor in interest or tide,
<br />M of which is hereofr rrtiJll ff * called the -Indebtedness". Trustor irrevocaW grants and transfers to Trustee. In trust, WiTH POWER
<br />OF SALE, die kkvit,irt . r.Wi* wd property :
<br />LOTS FIVE (5) AND SIR (6) IN BLOCS THIRTY -SEVEN (37)
<br />OF THE ORIGINAL TOWN, IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />ttOgaIIIK wtttl 1 s)�glrtiu7ciwhgs, structures, additions, enlargements. modiilcadons. repairs, replacements, and improvements now or herea/br -
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<br />kcated Moraw W aMequipment machinery and fixtures (including, without limitation. all lighting heating ventilating cooling, air
<br />condit a ft, sprinldfng and pkimbing fixtures, water and power systems, engines, boilers, ranges, ovens, dishwashers, mirrors and mantels,
<br />carpeting, turrm ta, oil bumwv, aNvators and motors, refnigerabon plants or units, cornmunicadctrr systems, dynamos, trahsfom s, eW&kal
<br />egtripnMW, abnw "screen windows, doors, awnings and shades) now or hei ealier attached ra..or built in, any building or improvemol f•- ; ;i
<br />taw Of A**A MV#Xaf#d thereon, (!r) all easements and rights of way appurtenant thereto. (w),40 lessehdd estail, right title and inwest of
<br />TAWX in and tb ON leases, whether now or hereaMm, existing or entered into (including, without timlfadon, all cash and security deposits,
<br />a fie renfak +u►at MpoQits or payments of s similar kture), pertaining thereto,: M pN rants, issues, profab: and income therefrom (su oct
<br />tti /tk s'ipht bf Tittator tb odbct and apply such rents, Issues, Profits and income silt Moy become due and pAyAb a so iong as no event of
<br />default a f "kt r dx }, (s�) a9 royalNss, m/neral, oIl and gas rights aril pwfirs; W-0* , water r gtA'3, arty! �r� stork, (tr; 9.0 tertasrr_rtts,
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<br />ftenditanhsnts, '' s and appurtenances belonging, used or es'tr3yr d in cork*!fon tterewi ,,`rt: and (viii) all proceeda, d conversba,
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<br />va'untary or lnvdt ti�tary, o/ any of the foregoing into cash or liquidated' claims (Irk1:r�V, wit mi limitation, p*tmeds of insurance and
<br />co rtde►ttrrstiontiwards), ail of whkh is herelnahsr cdbct rely called the "Trust Prier".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRWi , r: RUSTOR COVENAtY, AN&AGREES AS Fd"OWS:
<br />1. Two. Trustor covenants, warrants and agrees w&e 156)ic ficiary, its successortand assigns;. lf6at Trustor owns the Trust Property free
<br />from any prior "a or encumbrance, that this Deed of Trust is and writ remain a vaNd mid :« 1creeable first lien on the Trust Property,
<br />Mat Trusbr, at its expense, wiN preserve such tithe and will maintain this Deed of Trust af -a.lftt and paramount Vert upon the Trust
<br />Property and will torovw warrant and defend Mai Wdify and priority of the Men hereof against the elan,. -3 of so persons and parmos
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<br />: whcntsaNer. Trustier,. ilf /!hr expense, wilt cause ft Deed of Trust, and eac.?r oiaendment of supplemwm heretp, to be Ned and
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<br />recorgW as a mortgagor of the Trust Property In such manner and In such p4ce and will take such lrcrtott as in the opinion of 3'rcxtlge
<br />may be required by any present or future few In order to perfect maintain ang'protect the: ,Ten of this Deed of Trust, as the same may
<br />be smervtr? der strppfe rionted from time to time. Trustor will make such fuWW assufance"i or assurances to perfect its true to the Trust
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<br />Property as play be W*od by Henef ciary. Trustor hereby rekngLOthes all ty#$r of dower sma ? ,Voad in and to the Trust M perry.
<br />2 Pay ad of IrtdebAedness. Trustor shah punctually pay the principal of and ►gait on the /ndeUMN ,A .,, secured hereby,
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<br />3 C011e61000M of An>pnpvertwft Trustor shat) complete in good and workntaniike mantnsr any bWldings, improviiments or repairs MkMg
<br />dierelo which may be begun on tfir Trust Prop" or contemplated by die ban evidenced by tits Note secured hereby, to pay when
<br />afire ail ooea and kabimmos incurred thank% and not to permit any construction lien egair t such Trust Property. In Me event
<br />oorhet MM17 of buikkV$, rMprovements or repairs are contemplated, Truster also agrees, anything in this Deed of Trust to Me contrary
<br />itotwrtlhehrKhV, (a) tio.pmmptly commence any such work and to complefr die proposed Improvemern promptly, (b) to cornowe the
<br />s ._... same in accaMWX* a►tM Me plans and specifiMlians as approved by Beneficiary, (c) to comply with aitche terms of a building. loan
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<br />agreement if arty, brMresn Trusbr and Beneficiary. Me terms of wftioh ant Mcprpotated he�Nn by reverence and made a part f t�+.r w,
<br />(0) Iii ialbw Bertdiciary" b i+ispect the. Trust Ptopedy at aN times during con hXbon, and.fe) to replace any work or materials
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<br />un$S#&si *Vy b OWNW iary wiMtln tiMeen (15) days eft'er written notice from Benefkiary isf:;trch fact. I
<br />4. Funds AiMornent of Charges. Subject to eppkable law or to a written waiver by Beneficiary, Trusmr.shall pay to Beneficiary oit'ttre
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<br />Aw day d Bach month, or such other date each iTorith as maybe specified by Beneficiary, until the lildobtedness is paid In 40',, a sum
<br />(ItereirtaMw C&*d tie "Funds') equal to 1112th ttlft'he yeary taxes and assessments, which may atta4t,: p iofity over this Deed tit Tr rest
<br />OW grot,�o rents on Me Trust Property !f any, plus I/ 12M d" yearly premium lnst , ,, for hazard insurance, plus 1112th of the
<br />yoarry pi W40m InstatMrnertts k► mortgage insurance, if any, all as reasonably estimated i0h!Wly and hoin time to time by Beneficiary on
<br />ftbaslt of asaeesmertd and bills and moonable estimates thereof. The Funds shall14�4rrsld in an institution, the deposits of
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<br />accounts of which am km~ or gurarMSed by a vsdaal or state agency including 8xbtk 1aiy 8&rofttary shall apply the Funds to
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<br />Pry safa 1. kot, f6tit*r*nhi, Ma nsixe prarkm mid gnamd rents. Beneficiary Shall not be requiiE4�f fo pay Trustor any interest or
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<br />eevNngs on the Funds. Beneficiary shalt give to Trustor, wiNatd charge, en arraual accounting of die Funds showing credits and
<br />debits f0 ft Fund% and die purpose for whkh each debit too the Funds was made. The Furls are pledged as additional security for
<br />ft hheteiSarckfets Secured by this Deed of Trust. If tht amount of the Funds held by BenWiciary, together with the future monthty
<br />inetaMnentla =ands
<br />d f peyabtir prior to ft &* daft of taxes, assessments, insurance premiums and ground rents, shaft exceed the
<br />affw" required b pay said taxes, assesanrertts. Insurance premiums and ground rents as they fall due, such excess shall be. at
<br />MOWS OP66 r, *WNrp VM* repaid to Tiede►or credited to Trustor against future monthly installments of Funds. If the amount of
<br />the Funds held by Beneficiary shall not bo sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Tru�ar s/ielt pay ro Beneficiary any arnorrhtrt+rcessary rb make up the deficiency within dNfty days from the date notice is mailed by
<br />Benelitiery R7 Truster
<br />requesting paymenr t)tereol Upon payment Fn full of all indebtedness. Beneficiary shall promptly refund to
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<br />iiwACm any Funds held by Bertofheiary. h the Trust PrOleny is sold under the power of sate or the Trust Property it otherwise acquired
<br />by Hertefitiery, Benef�crary shalt eplrly, immerlia[e!y pri0irfo the sere of the Trust Nroperry or its actluisition by Henetrciary, oriv i ands
<br />hail dY Bs�teficiary at the hots of apjNetahCnt a, a credit against t/t8111dbbTedrless. If Beneficiary executes a written wamer cr Trustor a
<br />w)liyrfti+lns unite► this 118rdgranh 1. Try ;for covenants artU agrees to pay, before the same tlacome dermquent, mi taxes, ocs e . ;menr.s.
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