|
2021.0636
<br />LOAN #: 002111616
<br />The East Five (5) Feet of Lot Thirteen (13) and all of Lot Fourteen (14), in Block Three (3), in
<br />Westerhoff's Second Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />APN #: 400113562
<br />TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the Property
<br />(collectively, the "rents"), all leases or subleases covering the Property or any portion thereof now or
<br />hereafter existing or entered into, and all right, title and interest of Trustor thereunder, all right, title and
<br />interest of Trustor in and to any greater estate in the Property owned or hereafter acquired, all interests,
<br />estate or other claims, both in law and in equity, which Trustor now has or may hereafter acquire in
<br />the Property, all easements, rights-of-way, tenements, hereditaments and appurtenances thereof and
<br />thereto, all water rights, all right, title and interest of Trustor, now owned or hereafter acquired, in and
<br />to any land, lying within the right-of-way of any street or highway adjoining the Property, and any and
<br />all alleys and strips and gores of land adjacent to or used in connection with the Property, and any and
<br />all buildings, fixtures and improvements now or hereafter erected thereon (the "Improvements"), and all
<br />the estate, interest, right, title or any claim or demand which Trustor now has or may hereafter acquire
<br />in the Property, and any and all awards made for the taking by eminent domain, or by any proceeding
<br />or purchase in lieu thereof, of the whole or any part of the Trust Estate, including without limitation any
<br />awards resulting from a change of grade of streets and awards for severance damages.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively
<br />as the "Trust Estate': For the Purpose of Securing:
<br />A. Payment of indebtedness evidenced by the Second Promissory Note of Trustor in the amount
<br />of $10,000.00 in favor of Beneficiary (the "Promissory Note"); and
<br />B. Payment of all sums advanced by Beneficiary to protect the Trust Estate.
<br />The indebtedness described in paragraphs A and B above is referred to as the "Indebtedness"
<br />This Second Deed of Trust, the Promissory Note of Trustor in favor of Beneficiary and any other
<br />instrument given to evidence or further secure the payment and performance of any obligation secured
<br />hereby are referred to collectively as the "Loan Instruments':
<br />Trustor covenants that (i) Trustor holds title to the Trust Estate and has lawful authority to encumber
<br />the Trust Estate, (ii) the Trust Estate is free and clear of all liens and encumbrances except for easements,
<br />restrictions and covenants of record and the Deed of Trust from Trustor encumbering the Property dated
<br />on or about the date hereof (the "First Deed of Trust"), and (iii) Trustor will defend the Trust Estate against
<br />the lawful claims of any person.
<br />To Protect the Security of this Second Deed of Trust:
<br />1. Payment of Indebtedness. Trustor shall pay when due the principal of, and the interest on, the
<br />Indebtedness and all other sums as provided in the Loan Instruments.
<br />2. Taxes. Trustor shall pay each installment of all taxes and special assessments of every kind, now or
<br />hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand.
<br />3. Insurance and Repairs. Trustor shall maintain fire and extended coverage insurance insuring
<br />the Improvements constituting part of the Trust Estate for such amounts and on such terms reasonably
<br />satisfactory to Beneficiary. So long as the Property is secured by a first deed of trust or mortgage,
<br />compliance with the insurance requirements of the First Deed of Trust or mortgage shall be sufficient to
<br />satisfy the requirements of this paragraph 3 relating to insurance.
<br />Trustor shall promptly repair and replace the Trust Estate or any part thereof so that, except for ordinary
<br />wear and tear, the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the
<br />Trust Estate, or commit, suffer or permit any act to be done in or upon the Trust Estate in violation of any
<br />law, ordinance or regulation. Trustor shall pay and promptly discharge at Trustor's cost and expense all
<br />liens, encumbrances and charges levied, imposed or assessed against the Trust Estate or any part thereof.
<br />Second Deed of Trust/NBA
<br />4.1.21
<br />ICE Mortgage Technology, Inc.
<br />Page 2 of 5 I1052NEDE 0621
<br />I1052NEDE (CLS)
<br />
|