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<br /> � . - n� oF �US� gg_1 a S 2'7�
<br /> '��i� pg�? O�' 'IRUST i� made thig 27thday of October , 19 89 , by r�nd among
<br /> James R, Nami lton at�d. Susa�. K. Flam�i l to,.�L huSband and w9 fe , herein
<br /> reYerred to ss "'!`�iie�tare," whether or�e ar mox�, whose n�ailing tuicl,reaq, �� S�AT'� � �
<br /> is 4254 Sh�t�r►a Street, Grand island, NE 688t13 _,.,,,_, ,
<br /> ' �� • , hsreir�e►Pter referred to as "Tn�#�ee,`� wfios� �iling
<br /> ackiress ib $g�,_,�. Cai NE 688�4:^_ tux� 7� STAT6 AA1!�C OF GIIi�� a�,Ple�'ados B�k�R
<br /> . � � hereinafter referrcd ta as "He:��ficiary," whose me�iling address is Box 428,
<br /> � ��� � ���
<br /> � For v�luable conaideraCior�, 'lY�uatora irrevcycably grant, transler� convey and assign to
<br /> ; q+1•ustee, in trust, with Ix�rer of sale� for the benefit and security of Beneficiary, un�er
<br /> � and eubjeet to the tex�e and ccx�ditions ot this Deeci of 'I`rust, the following degcribed real
<br /> ; property located in Ndll County� Nebraska:
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<br /> ' Lot 12 Western Heights Fourth Subd9v�sion to the C9ty
<br /> � of Grand Island, Hall County, Nebraska
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<br /> toge�t.,�er with all buildings, i.�+rove�ents, Pixtures, at�eets, alleys, passa8ewa3rs,
<br /> easements� rights, privilegea e�d appurtenances located thereon, a�x1 all P�x�sana]- Property
<br /> that m�y he or hereafter becaee an integral part of such buildings snd improve�ents, all
<br /> � cropa raised thereon, and all water rights, all of which, including replaeements and -
<br /> add�ltions thereto, are �eret�y deelared to be a part of th� real esta.te conveyed in trust ;
<br /> hereby, it being agreed the�t all of the foregoing shall be hereinafter referred to a$ the � �
<br /> n���y�n • j .`
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<br /> P�OR 'I� P[1RPO6S OF S�7URlI�1G: .
<br /> � s. Payment oY indebtedness evidenced by Trustors' note of even date herewith in the
<br /> principal sum of = 41,000.00 . together with interest at the rate or rates provided �
<br /> therein, and any aixl all renewals, modifications and extensions of such note, both :
<br /> principe�l and interest on the note being payable in accordance with the terms set forth
<br /> therein, which by this reference is hereby made a part hereof;
<br /> b. The performance of each agree�ent an�d covenant of Trustors herein contained; and
<br /> c. The psy�eent of all s�s advanced by Beneficiary under the terms oP this Deed of
<br /> ; Trust, together with interest thereon at the rate provided in the note.
<br /> '!b P�71'�L.T '1!� S�IRITY aF ZHIS D� OF '1l�bT• 'Ii�A'l�: �Y �7VPJiAKP M� A�:
<br /> 1. To pU rhea due, tAe principal of, and t�e intereat on, the inde6tedneas evideeced by t6e nate, chu`ef, tees �nd sll ot�er suu a provided
<br /> in the lota ie�tru�eeti, �
<br /> E, Trustera tre the c;nere af the prcpert� end�ve t6e right ead �utharit�to eiecute this Deed of lrust in reepect to the prepert�. i-
<br /> �. fo p��� Yhee dve� ell tazee� epecul usess�eets uid all ather cEugee agninst the prnpert�, 6efore the ae�e beca�e delieguent. Trustars �;
<br /> al�11 pa�vl tua tad wa�eeta rhich uJ be levied upoe Beaeficisr�'s i�tetest herein or upan Liie Oeed oi Truet ar tAe debt secured 5erabl� ,
<br /> �it6out tesud to tn� iw t�t W be enacted i�paeieg parent of LAe r�ole or�a� pett thereof upon the Beneficiar�.
<br /> �. Yo teep the uptore�ent�nar or 6ete�fttr laated on the prapert� ieeured �geinst dwge b�fire and anch atAer h�cuda as t6e&neYicinq
<br /> w requue, ie�oo�t,�ied coi�n:es eccept�ble to the &aeficur�, Such ieruraece polic� eh�ll coauin a eWdud�art��e claase ia fevor of
<br /> Benefici�r�. Trwtor �b�ll prapt��rtpeir� uint�in�nd replsce tAe prapert� or an��rt t�ereaf, so that� e:cept far ordinaq weer and teer, the
<br /> propert�aARll not 2et�riarnte.
<br /> 6� Ia tEe erewt t6e proptrt), ar��put thereai, ahtll be taten b� eaieeat do�ain, t1:e BlneflCiBlp 23 EB�L�IE� t8 CG31¢tt 8rtd L�i=t ill
<br /> ca��asttioe r6ici���he p�id far� pruperq t�ten ar tor du�ges to propertT not Uken, and t6e fleaeficiarp elull applp such capeneatien, at its
<br /> eptia+a, eit6er to� redvctian :f!k�e indebtednesa secuted hereb�, ot te rep�ir and reatore t�e pmperty so taten.
<br /> i. the Beoetieiu)�a�, tut t�nll htve no obli�ttion to, do anJ act�hich 9tustore have e$reed bst faPie� to do. end the Beaeficier��1 aleo�a
<br /> aeJ ect it dees� �=:ess3r� to protect t�e lien�eteaf. 'ltattate agtee to rep�I, upon de�ed, anp su�s sc eFxnded D� the Beneficiery fcr the above
<br /> putpaee�, eed st�s•a so expee�e�sb311 be ndded to tAe indebtednesa secured Fereby aed nera�e secured 6y the lien htreof. 'P6e Beneticiery ahnli na
<br /> in�r e�y lubility heuwe ot aa�ti�ieg it o��do or ait to da hereunder. ____
<br /> r. �e Beneticiur s�il tu�e t�e righc, power tnd wtEarit�dvring the coetieu�nce of thia Deed of Trust to collect the reet�, iesues and -�
<br /> pratlt� of tAe Fro�rt�ind of sep penaatl property Icc�ttd thtrean�ith or ritAaut takin� �ataaioe at the praperty ntfected hetebl, and 1'rustars �
<br /> herob�e�Etolue�IX�e uncoeditionally u�ign all s�c� Knte, ieaua eed profits to �he �eneficinr�. 4'he DenePieiar�, ho�ever, hereby cansents to ! ,
<br /> 4r�s�ore' cailectt:�nnd rete�t:ae of such rents, isaues and prcfita, so long as 1Yastars are not, at such tue, in default vith respect ta pap�ent af .
<br /> u� iadebua�se�e securM Eeretp, cr in the perfattince af eni d#ree�ent 6ereueder. If en� event af default descriEed hereaPter in respect ta thie �
<br /> Dee6 �f Sruit sfill :rve acearttd en�! be coaLinuing, the �er.eficiar)� as a utter of right �nd vithaut eotice ta TruEtora or nnpone claining �r4er
<br /> � Trastara, �n�rit�:�3t regsrd to tdo v�lue oi the trn�t estate or the ir.terest of the Ttust.ars therein, shall have the right tc apply ta aoy court
<br /> tayieg jupisdicuaa ta nppoint a receivet af tAe pro�ertl.
<br /> 1. i�iC C?t?f:cierp, �r its ngents, ete a�tCcrited �o enter at nny ressonable tise �,psr. �r ;r, nny ,3t'_ cf '�e �roperty fer ��f NilIQOSC :f
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