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S
<br /> �Y �
<br /> Deed c►f Trust
<br /> eanhs 89,_ 14 6 0 8 6
<br /> THIS DEEP OF TRUST is made thls____37�t�dsy al �ve,�Uer , f9�9 .hy artci behveen..�1���-�.._�-s._�-�-r.0�-•nc�.----,
<br /> Kar 18 A Paro. husband and ut�,��....__.—__..__.�s_ whethe�r QLor mnre, (hereinalter ca►raq the"Trustor'),
<br /> � whose maiNr►�eddnss ts �
<br /> NOAWEST HANK N�BRASKA-� ASS IATION --- ------(here�nalter catted the"frustee"), whase mailing address is
<br /> p_ n_ Bmc_LZ6A. Gr.and Trl t�nd� x� ��pQNORWEST 8AN � —,(hereinatter
<br /> calfed!he"Beneficlery'y, whose mailing addr@ss!s P• O. Bax 1768, Grand Is and. NE 68802 ,
<br /> • WITNESSETH:
<br /> � !F TNlS BOX!S CHECKED( x J TH1S OEEQ OF TRUST CONSTfttITES A CONSTi?UGTION
<br /> j SECURITV AGREEMENT UNDER 7HE NE9RASKA CONSTRUCTIUN LfEAI ACT AND CR�ATES,
<br /> OAANTS AND CONSTJTUTES A CONSTRUCTlON SECURITY INTEREST IN THE PROPERTY
<br /> DESCRIB�D HEREIfYBELOW.
<br /> � WHFAEAS, �r�storis indebfed to Beneficiary in the pitncipal sum of Ei�htX T ousan�. and na/100t,h,s-----------------
<br /> Oo!!8►s(S AO�(100.00 ),whlch indabtedness is evidenced by Trustor's promissory note datet�Rltember 3 , �g$�,(hereinafter
<br /> caNed the"Note"),payable ro the orde�o/6eneficiary and having a matunty ot���..29, l�Qan •
<br /> NOW,THEAEFOAE,lor the pu�pose ol securing:
<br /> � (a) payment ol fhe Note,togeth��with inte►est thereon,late cherges,prepayment penames,any luture advances,and all extensions,
<br /> . modi�rcations,subsfitutions and renewals thereof,
<br /> (b) payment ol all other sums,fees or charges,fogether with inierest thereon,advanced to profect the securiry of this Deed o1 Tiust and
<br /> � the pe�formence o1 the covenants and agreements ot Tiustor, whethe�or not set foRh herein,
<br /> (c) pe►formance,discharge ot and compliance witn every term,covenant,obtigation and agreement ot Tiustor contalned herein or
<br /> incaporated by reference or any othe�secu�iry i�strument at anytime given to secure the Note,and
<br /> (d1 the repayment of ell other sums w luture advances, with interest thereon, whrch may heretofore have been or herealter be advanced
<br /> by Beneficiary to Trustor o►Trusto�'s successor in interest or title,
<br /> � alt o1 whici�is hereinafter collective/y ca/led the"IndebtednASS", Trustor inevocably grants and transfers to Trustee.in trust, WITH AOWER
<br /> � OF SALF, the lolbwing described properry:
<br /> Lot Twenty-six (26), Regency Hy the Green Subdivision, in the City of Grand Island,
<br /> � Hall County, Nebreska.
<br /> ;
<br /> together with(i)a!I bultdinys,strucfures,additions,enla►gemants,modi/ications.�epairs,rep/acements, and improvements now or I►ereafter � '
<br /> i..., t� e� n . nr��,nf��ly�t:.'8��!!!C�l1L�!?3�. ='�l�QL�}limifafitfr3�A!!lilTjlf!Ra,�I�9�;ilJo_VA{1111Af%nA�I:AAIlAD;AI! �=..
<br /> - ,�,ats�t'rs:.ar.,(._..t �:ie�s:,,n�,mEr!:..� .
<br /> condlUoNng,sprinking end plum6ing fixtures,water arrd power systems,engirses,boiters,range8,ovens,cflshwsshets,+nirrors artd mantals, - --
<br /> Carpeting,fumaces,nil bumers,efevators and motors,relrigeration pJanis or units,communlcatian sysfems,dynamos,trartsformers,electrical =
<br /> equipment,atorm and screen windows,doo�s,awnings and shades)now or hereafter attached to,or built In,any buitding or improvement _
<br /> now or hereafter/ocated thereon, (uiJ all easements and rights of way appurtenant thereto, (iv),a!1 leasehofd esiate,right,tit/e and lnterest of ;
<br /> Tiusta!n and to all/esses,whether now or hereafter existing or en2iared into(including,wifhout limitabon,ali cash and secuiiry deposits,
<br /> advance�entals and depvsrrs or payrr�ents o!a similar nature),pe►taining thereto,(v)al!renis,Jssues,prolits snd income therefrorr(subject
<br /> � to the right ol Trusfor to cotlect and apply such rents,lssues,profits and income as they become due and payable so long as no evant o1 .
<br /> • detault exists hereunder), (vi)a!!royalNes,mirteral, oi!and gas►Ights and profits,water,water dghis,and water stxk,(vii)alJ tenements,
<br /> hereditaments,privileges and appunena�nces belonging,used or enjoyed in connection theaewith,and(v�l1)a!I proceed''s ol conve�ston,
<br /> � voluntary or invofuntary,of any ol the faregang into cash or liquidated clairrrs(including,wiihout limitation,proceeds of Pasurance and
<br /> condemnation awards),a11 of whlch is hereinafter coltectively called the "Tiust Properiy". .
<br /> � TO PROTECT THE SECURITY OF THiS DEED OF TRUST, TP.USTOR COVENANTS AND AGAEES AS FOtLOWS:
<br /> � 1. nUe.Tiusto�covenants,warranfs and agrees with Benefiviary,rts successo�s and assigns,that Tiustor vwns the TrUSt P�operty fiee
<br /> � from erty prio►lien or encumbrance,ihat this B�eed ot Tiusi is and wlll remain a valid and enforceable f+rst lien on the Trust Propeity,
<br /> that Tiustor,at its expense,wiil preserve such 6tle and will rrraintaln this Deed of Tiust as a tJrst and paramoul1[lien upon the Trust
<br /> ' Properfy and will lorever warrant and defend the vatidiry and prioriry of ihe 11en hereof against the clalms of a/1 persons end parties ��_;-
<br /> whomsoeve►.Trustor,af iis expense, will cause this Deed ol Trust,and each amendment or suppfement hereto,to be liled and � "
<br /> recorded as a moRgage o1 the Trust Prope►ry in such manner and in such place and will take such action as in the opiniaro of Trustee ;:_
<br /> may be requlred by any present or luture la�v In order fo pertect,maintein artd protect fhe llen of this Deed of Tiust,as the same may -
<br /> be amended or supplemenied irom[ime to Ume. Trusta wr'li make such further assurance or assurances to perheci its tiile to the Trust '
<br /> Property as may be required by Beneficlary. 7�ustor hereby relinqulshes ati right of dower and homesfead in and to the Tiust Property. '
<br /> 2. Payment of fndebiedness. Trustor shall punctually pay the principal of and lnterest on tha lndebtedness secured hereby.
<br /> 3. Carst�uction ol lmprovements. Trusta sheil caarp(efe in good and workmanlike manner any bulldings,improvements or repair5 refabng
<br /> thereto whkh may be begun on the Trust Property or contempiafed by the loan evldenced by the Note secured he�eby,to pay when
<br /> due a90�vsfs end lisbiliNes incurred the�efore,and nnt to ps�ni!any constructlon llen agalnst such Trust Praperry,ln the event
<br /> cortst�crction of builctings,impnovements or repairs are coniemp/atec9,Tiustor 8iso agiees,anything 1n this Deed af�i�rst ta the eontrary
<br /> notwithstanding;(a)to promptty commence any such work and to comp/ete the proposed lmprovements promptly,{t�)to complete the
<br /> same in accadance wiih the plans and specrticaGons as ap�Croved by Beneliciary,(c)to comply with a!!the terms of a building/oan
<br /> agreement,if any,beriveen Tiustor and 8enefic�ary,the te�ms ot which ere incorporated hereln by reference and made a part hereof,
<br /> (d)fo allow Beneficlary fo inspect the Trusf Froperry at ai!6rrres during construction,and(e)io rep/ace any work or mafena/s
<br /> unsaUsfactory fo BeneHciary with;n fifteen(45J days after wrirten notice lrom Beneficiary of such/ac�.
<br /> 4. Funds fa Payment oi Charges.Su6ject to a,�plicable law or to a written waive�by Beneficlary. Trustor shaq pay to Benefir,iary on the
<br /> fi�st dey ol each month,or such other date each month as may be spECifred by Benefr'ciary,unti!the lndebtedness is paid in lu/l,a sum
<br /> (heretnalter ca!!ed the"Funds')equal to 1�a2�of the yea�ly taxes and assessments wh/ch may attarn p�iority over thls Deed of Trust ;---=—
<br /> and ground rents on the Trust Property,if any,p/us 1 i'l2ih o1 the yearly p�emlum installments/or hazard insurance,plus iil2th ol ihe • �
<br /> ye�rly premium Instellments lo�moRgag9 insurance,if any,aiJ as reasonably esrimated initiaNy and from time fo time by 8eneliclary on
<br /> th�basis ol essessmenis and bills and reasortable esfrm�le5 lhereof. The Funds sha11 be held in an lnstitutron,the deposits or
<br /> accaunts of whlch a�e insured o►gua►anteed by a fede�a!or state egoncy including Beneliciary. Benelicisry shall epply the Funds fo '
<br /> pay said taxes, asssssments,insutsnce premiums and ground rents.Seneliciary shall nof be requrred to pay Trustor any lnterast or
<br /> earnings o»the funds.Beneliciary shaU give to 7rusto�,wifhouf ch�rge,an annual eccounting ol the Funds showing credits and
<br /> debits to the Funds and the purpose for whiCh each debii lo the Funds was made. The Funds are pledged as addibonal secruity tor
<br /> L the lndebtedness secured by thls Deed of Trust.11 the amovnt of the Funds held by BeneSc�ary,tpgethei w�th the future monthly
<br /> �nstaJlments ol Funds payable pRar to the due dates ol taxes, assessments, insurenr.e premiums and g�ound rents.shall exceed the
<br /> emount requued to pay st+�d taxes,Assossments,lnsu�ance premiums and ground rents as they!aU due.such excess shall be, at
<br /> rlustor's option.�rther promptly repeld to Tru�.or or c�edrtQd to Trusfor against lutura nronthty rnstallmonts ol Funds !t thv nmount ot n"
<br /> rhe F�nds h�fU by Benufrcrar,�shaU irot bU::ufl.•c,anP to pay laxos,o;sassmonts. msur�nco pramrurns a��d ground�er,ts as rney 1ar�dt:e. �
<br /> TrJStcr�ha,!poy to esnefrt�ary�ny a►r�nunt netessary b mt�ks up the dsfrc�ency wlth,m f��r,y dars lroJio t,hs dat�rrvbr.c��s rrarled by ,w
<br /> Hgiiplrc�flry to 1'wstor�oquosbrrq puymvnf thort�ol Upon pay�nt�nt�n lull ol al►lndebtt�dnoss. Honohcrriry shaN prr»nptly reh�nri t�� �, „
<br /> liustor�tny Funds ht�ld Gy Bene�lrc�ury IOlhte lnist F�rvr�vrty Is so/d undEr thel�uwer c�f sale r�o t��u lrust Prv;�c�rty �s otnenv,se ac q,,,r�,f
<br /> by Elmn�hciti�y. Hnnvhr.�r�n,�qhall Hpply.�mmodi�toly pirr»tn the s,�le nl th�� Tn,7St pm(�p�ty nr+fS 1�LlJiu�,�h(�n/7y[�Pr1��/it.'nr�. ,�riy/unti:
<br /> h�1fU t�y 13b�,(�frcrary i�t fhe�1,mo p1 Ap{11�C��GCNt(1S v cred�t nc�aln;r tno r�denu�<��,r�5s ll fJPnplrt'��uy t��nt ult�!.,� W��ffe�r�wt���t���.�� Tr��tif�„ ,
<br /> nL:��J(i4{�n!,ufif!('t Ihi':j�:ttUfJl�pl)�, /IUS�O�CbVt'1'1(PJtI!:fl/i(1 H(f/Rf!�,ft�j�.iy. hHIU��+rn., �.:rit���li�rr t��r����1t�h•u�ur�,rP .trl�I�wt�� .�ti•.e�4�.n�t„�r.,
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