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pEEO OF TRUST �10538'� t
<br />11115 DEED Of TRUST. matte thrs4th of October , 1q8�,,, ,,,, by and among -- V. LAVA ne Ce,e :ham :. Si le :,tF
<br />whose nrr °gnot*iss is #28 -St. Joules Place, Grand 1E91aad ME 68803
<br />(herein "Truster" ); and 5M Off WOOD RIVER . whose tmoiling address P.O. Box 4879 Wood River, NE ; f
<br />,her e)* "Trust**" rsrd ••B#n#fk)ocy ). 58883.
<br />FOR YAlUA@IE CONSIDERATION. incWdhV the indebtedness indentilied herein and the trust herein created, the receipt of which is hereby
<br />octsno- w4hed. Tnistor kreVOSoNaC srgrtts, transfers, conveys, and assigns to. Trustee. IN TRUST. WITH POWER OF SALE, for the benefit and
<br />security pi Spwfkic i; under xf subiect to the to m andcondiliaus of this Decd of Trust, the reo! proWy described as follows:
<br />hot -Tw aty ;,zisht 1 -28) in 116ck- Seven- (7), Unit Three, Continental Gardens, an Addition
<br />to the City of Grand Island, Hall County, Nebraska
<br />i0GET11ER WITH, oil rents, profits, royalties, income and oth':1:.�N nefits derived from the real properlp rnl leases or subleases cov36mg the
<br />Not prepyi. or any portion thereof, now or hereafter existing �x anfered into, and all right, title and interest of TruSt.�;r thereunder; all ins
<br />errt
<br />teresls,.esttie or other claims. both in low and in equity, which Truster now has or may hetgiifter acquire `in'the real Iiu grty; all easamanla;
<br />-tights•of -way, tenemen!t.,,:ftereditaments and appurtenances thereof and thereto; all oil ar;' gas rights &'#id prn. fits, water rights and water
<br />Mock. all right, title anr�. > Iteest of Truster, now owned or hereafter acquired, m and to any land lying wtifi n the right- of-way of any street. or
<br />highway adjoining the real' property, .:,=1' and all buildings, fixtures, improvements, and oppurtenances.now or hereafter erected lharaon or
<br />belonging thereto, (herein referred to �:s "Improvement" or "Improvements "); and any and oll awards Made for the taking by eminent! domain
<br />or by any proceeding or purchase in lieu thereof, of flit whole or any part of the real property.
<br />AU of the foregoing estate, property and interesthp eby conveyed to Trustee herein collectively referrd4'4ti as the "Property ".
<br />THIS DEED OF TRUST SIIAtt SECURE:
<br />icr) idle, �w R�Y.znt a# indebt dress evidenced by f 1 �or's note of cNen date herewith in the principal sum c -- 'Sixt�r, fire - - --
<br />thouiand and no/ 100---- r•----- -------------------- Dollars (S 65jit3dC.0
<br />r..r..-
<br />i'Iogelher with interest nt, *e rate or rates provided; ir1w •fin, (her6h., together with any and all renewals, mp4ificatians, and ex'ennivhi 16(44n,f.
<br />i �ferred to as the "tlott":`f; rioth principal aid intet%sS on the Note being pa-tit to in accordance with the'lotins set forth t(tm'xit1, r +�.tv� shoe to
<br />which is hereby made, the•finol payment of principal and interest, if not scones poid mid it no renewuts, modifications or onforit tons' Ma made,
<br />due and payable on , January 31, 1990 and all renewals orextenaio» xher�of ,
<br />(b). The performance of each agreement and covenant of Truster herein contained; and
<br />(c) The payntent of any sum or sums of money with interest thereon which moy be hereafter paid or adiwace.d voter the ttwnL of this Deed of
<br />TWO.
<br />(d) The payment c f any future advances necessary to protect the security or any future advance made 4,tfie option ahIlse parties; and
<br />let T1.wpotformonce of on obligation of any other person named in this Trust teed to a beneficiary.
<br />TO MITI CT THE SECURITY OF 7111S DEED OF TRUST, TRUSTOR HEREBY COVENANIS AND AGREES AS FOLLP#Sr
<br />1. Payment of Prind#ol'arid Interest. Truster shplt promptly pay when due ilho pdreipol of and interesf :on she indebtedness evidenmed by the
<br />Note, and oil other chirgps grid fees as provided brilic;•11ote, and the principfit •af hold interest on any Fylut•rt- Advances secured by AM% Deed of
<br />Trust.
<br />2. Werreely of Titte. Truster is lowfiilly: SEiiCd:"1Lid possessed of good end indefeasible tille-ond estate to tha Property hereby conveyed and
<br />has the right to grant end convey the 1t:operly; iho Property is free and clear of all liens an! encumbrdain except liens now of record; and
<br />Truster will warrant and defend the title to the Frn ietty ogoinst nil claims and demands.
<br />3. Meirrtett oca snll Complience with laws. Truster` shell keep the Property in good condition mid repalf pod shad not rammit waste or permit
<br />inipairment or deteriorolion of the Property and shag conl4ly -with the provisions of any lease if this Deed of Trust is on a leasehold. flo urrprove-
<br />mmt now or hereafter erected upon the Property shall be altered, removed or demolished without the prior written consent of Beneficiary.
<br />Truster shohl compiy with oil lams, 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. Truster
<br />slwll tcmphete or restore promptly and in good workmanlike monner any impro•nment on the Property which may be dainaged or destroyed arid
<br />pay, when due, all claims for labor performed and materials furnished therefore and for any olterations thereof.
<br />:r. kierske. Trustor, at its expense, will maintain with insurers opproved by Deneficiary. insurance with respect to the improvements and
<br />4erscnol property, constitut'ng the Propt0y, against toss by fire, fghlrinrd, tornado, and other perils and hozords covered by standard extended
<br />csv*rrTe erdoremni. in an crtm air equal to at feast cne inmdred percent of the fail rcpfdcemenr value thereof and irt;urcrr.e arainst such
<br />01sT famrds and in such anldutils as is customarily carried by owners and operators a; simu!or properties cr as geneficisry may require for its
<br />prellInfon. l'ustor -:ill cefilOy v,ith sttthotfier requirements as Denefisinry may (rani tirrfe to limo request for Il;a protection by insura.-rce of the
<br />in•ere,ts of flu! recvme rim parties. All insU;aace policies maintained j;ursuunt to tits Dzed o' Trust st! :71 smile Trttsto7 c,id asset ".miry ns in•
<br />[r}tar�S, G5 11! ^ir 1f3 ;;'ill's, r: lilt, -151%, shay Cppeur, crlj provide 11aaf !hare ;L;il to rig C0r!CCllatt3r► Cr t11,dsfivul1*0u tr1i1'oJt !to foss. 0-,uti t 5 days
<br />l :r; ^r �,+iltert iftit gat',.: la 0cr : >!licit_ry. 1-s the event mil pt;licy ti ^ref ^ ?!er is not rtre wit cri cr Lefcre t 5 emys r•it - +c its ro0ot :;111 tri'e.
<br />fir lcr llr� t`tT� rtc!177 S :011.11t,7+ance Ili fief l,r ;r r I. ', _t.. n n r .L. rt 1 1.
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<br />:: ! .r,. n .,::;. r..•,-atr 5 t`.,r-r'[tf Gr f}litrrr. tvpn!: of ,.
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