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<br /> . „ V_ 1�.'� . - . . Hu1ln�dn.u�i�F�ItnnR WMI I,V.d�nn N�• f,8t6t �
<br /> `� � (CORFECTITUDE) DEED OF TRUST 8�„r �pg228
<br /> � REPLACFS INS`PRUMENT NO. (89-1q0611)
<br /> THI:i llH:H.ia OF TFtUST, is mada as of the 14 day of N�vemba=� 19-� hy and amonfi
<br /> ! t.awrence x. Hc1AIC�.A9QA and Jea.aenne E. Hdnkinsan (•`Truator"),whase mctilin� gddress iy '
<br /> • Husbt�nd a�d Wi.fe,313Q West 14 Street G�and Island,Nebraaka 68803. "
<br /> �� �;
<br /> �I I3H-Land Real�y Tsust Acet. .1821 N Haaccsck Grand Island ("Truetee"),whese n�ailing addres�is !:
<br /> � Nebreaka,68803. , �;
<br /> iI and charlie C.,c�ary L.,and David c. schmidt, ("Benefici�ry")whoae mailin�addresa as ;
<br /> ! 1821 N Hancack,Grand Ialrind,Nebraska.68803
<br /> � �� FOR VALUABLE CON3IDERATION,'IYuetor irrevocably tranefere,canveys and aesigna to Truatee,IN ;�
<br /> � TRU$T,WITH POWEft OF SAI.E,far the hene�it and security of HeneSciary,ander and eubject to the terma
<br /> , . ! and condition�of thia Deed of ZYust,the real property lacaisd in the City of �rand �s lan�. ,Coturty of �
<br /> Hal l_ State of Nebraska,and legally described as follaws(the"Property'7:
<br /> � Lota 1,2, and 3 Raven Oaks Sub.,in the C3.ty of Grand Is�and,Nebraska.
<br /> � ;�
<br /> : �! `i .
<br /> 1 �I T(�ETHER �VITH, all rents, easements, t�ppurtenancea, hereditaments, interests i� adjoining roads, �i .
<br /> i etreete and alleya,improvementq and buildinga of any kind eituated thereon and all personal property that may '�
<br /> � be or hereafter become an inte�l part of such buildings and improvements,all cropa raiaed thereon,and all �f
<br /> ' � water rights. j�
<br /> � .� � The Praperty anc�the entire eatate and interest oonveyed to the'h�uatee are referred to collectively as the ;�
<br /> � _i � /�� E����� FOR THE PURPOSE OF SECURING: �;
<br /> � '; I a Pa�yment of indebmess in the total principal amount of$ 31,OQ0.00 �with interest ;;
<br /> : � thereon, as evidenoed by that certain promi�sory note of even date (the "1`'ote") with a maturity date of '; �
<br /> ` ; �� � January 30/1992 , executed by'IYustor,which has been delivered and is p�i able to the order of
<br /> ' �� Beneficiaty. and which by this reference is hereby made a part hereof, and any and all modifications,exten-
<br /> �� sions and renewals thereaf, nnd , ,. i
<br /> } �� b.Paymentof all aums advanced by Beneficiary to protect the'IYust Estate,with interestthereon att}ierate '
<br /> ! of �4.Se percent( 14.Sa ";,)per annum. �i <<
<br /> ;i 'I'hisDeedofTru�t,theNote,andanyotherinstrumentgiventoevidenreorfurthersecurethepaymentand ; -
<br /> 1 performanoe of any obligation secured hernbv are refen�ed to oollectively as tlie"Loan Instruments". ; -
<br /> , .
<br /> ;' TO PROTN:CT THF SECURITY OF THIS DEED OF TRUST: •
<br /> � � i =
<br /> :� 1. PAYMF.NT OF IN1)E}3TEDNESS. Trustor shall pay when due the principal of, and the interest on,the .
<br /> " l indebtednesa evidenced by the Note.char�ea,fee�And all othPr aume ae provided in the Loan Instrumenta. �
<br /> � 2. TAXES.Trustor ahall pay each inatallment uf a11 taxPS und epecial aeaesaments of every kind.now or hereafter
<br /> � levied against the Truat Estate�r anv part thereof,before delinqaency,without notice or demand,and shalE provide
<br /> �� Beneficiary with evidence of the payment nf same.Trustor ehall pay all taxes and assesaments which may be levied
<br /> i� upon Beneficiury's interest herein or upon thia Deed af TruAt or the debt secured hereby,without regard to any law that
<br /> ; � may be enacted impoainR payment uf the whole or any part thereof upon the Beneficiary. �
<br /> 3. INSURANCE AND REPAIRS. Truetor�hall maintain�re and not extended coverage insuranceinauringthe '
<br /> i{ improveraente and buildinga conatitutin� part of�he Truat F.etate for an amount no lesa than the amount of the
<br /> ,� unpaidprincipalbalanceoftheNote(cainHUrancenotexceeding80°I�permitted). Suchinaurancepolicysl�allcontain
<br /> ' a etandard mortgage clause in favor of Reneficiary and�hall not becancellable,terminable or madifiable withoutten ' �
<br /> ` 1 (10)days prior written notice tn Beneficiary. 1�ustor ahall promptly repair,maintain and replace the Truat Eatateor '
<br /> � � any part thereof so th�t,except for ordinary wear and tear,theTruet Eetate shall notdeteriorate. In naevent shall the ,' � *
<br /> ;
<br /> Trustor commit waste on or to the TruQt F.�tate. `
<br /> 4. ACTIONS A�FECTING TRUST �STATE. Truator ahall appear in and conteat any action ox�roceedinq ..
<br /> �� purpurting to affect the�ecurity hereof or the ri�hta or powere of Beneficiary or Trustee.and ahall pay al}casts and
<br /> exyenses,including caet of evidence of title and attorney's fees,in any auch action or proceeditxg in whic�t BeneSciary ' � '
<br /> !' or Truatee may appear. Should Trustor faii ta make any payment or to do any act as and in the manner grovided in
<br /> '' ( any of the Laan Inatruments,$ene�ciary and/or Truatee,each in ita own discretion,without obligation go to do and �
<br /> � • without notace tn or demand apon Trustor and withoui releaeing Truetor from any obligation,may make or do tbe
<br /> � '' � sarae in aueh manner and tv euch extent as either may deem necessary to proterE tt�e aecurity hereof. Truator ahaii, •
<br /> �' � immediately upon demand therefor by Benetiriary,pay all coate and expenees incuned by Beneficiary in connection
<br /> ;i with the exercise by bene�ciary of the foregoing rights,including without limitation coats of evid¢nce of title,court
<br /> '� � coats,appra9eals,�urveys and attorney'e fees. Any such costs and expenses not paid within ten(10)days of written
<br /> demand ahall draw interest at the default rate provided in the Note.
<br /> ' 5. EMINENT U�MAIN. Should the Trust Estate,or any part thereof or interest therein, be taken or damap,ed by
<br /> reseon of any public improvement or condemnation proceeding.or in any other munner including deed in lieu of Condem-
<br /> nation("Condemnatian"),or shuuld'I'rustor rec i��e any nutice or other information reqarding such proceeding,'I'rustor shall
<br /> give prompt written notice thereof to Benefi�iary. T3eneficizry shall be entitled to all compensation,awarde and other pay - -�� -
<br /> ': � ments or relief therefor,und ehall t+�entit]ed at ita option to com mence,appet�r in and pro:3ecute in its own name any action
<br /> or proceeciinqa. $eneficiary shall�lso be�ntitled to meke any compromise or settlement in rnnnection with such taking�r ;
<br /> , j damege. Al1 auch compeneation, award�,damaRea,rightx of action and proceeds awarded to Trustor(the"Prooeeds")ure � �
<br /> � herPby aseigned w t3enefiCiary and'R�ustor agrees W execute such further asaignmenta of Yhe Prooeeds ns Beneficiary nr f �
<br /> Truatee mey require.
<br /> i 6. APPOINTMENT OF StTCCESSOR TRUS7'F,E. Reneficiary m�y, from time to time, by a�vritten inetrument
<br /> L executed�nd ackno.vled�ed }�y Benefic�.�ry,mriiled to'ilruAtor and Becorded in the County in which the Trust I:attrte�� 1
<br /> � lorntec)and by otherwise cnmplyin�;with the pr��viaione�f the�applirszble law•ofth�StAte�f NchrnKkii:�uhc'ritute n vu�•�+��Hk��r
<br /> ur su�oessnre to the'1�uytc�e n�me<I hercin�r actin�hF•reundcr.
<br /> � �
<br /> 7. 5U(�C'I:'+�(�ft.�ANI►A.Sfii(itti. '1'},ih i)trd uf 7�1'USt l�ppllE'H lO,inures tu the�nefit uf a�nd bindu:�Il p,�rtic:�Ftcri4��.
<br /> the�r hrtrs. ie�;at��. drvit��e:�. pt�r[+until ropr���cntacive�:.n��c�•F���:ore �nd r�saiQnF. The t��rm "iienefician•.. ehr�li mei►n thi• {
<br /> ��wnc�r and h��IdF�r��( thr'.ti��u�. wh�•ih�•r�,r n�R nairzrd .iN li�•nt�ficiurv ht•rein r ..
<br /> A
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<br /> t�ln�•il�n�n uf�Il uhV�,.�it��t tlt�•'I�rel!�1 f•.ni:,tr���1 i�u�(lU���nve•��f�r�!��H�r1111�!I�U�u:nt��•nn�;ti.r thr�qi!'�lr.•:� .s �N rt�n tfun�t-in� ��I
<br /> ih�• ��rtw tt t��r��qhn�vtd tn ��rrfurih unil�•I ll�t• !�•tn��+o� fipv n� Sii�• �e»il� �ni+irtun�a�t�
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