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<br /> � -��± • �►EED ��YFiUST ^ _ �.,`�_�-�,_�.-
<br /> , . . , .,-;�::::,;��-
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<br /> . . �h�L'�`� THIS DEEQ OF TRUST,mado tnis 24th day of December �19 90 ,��een „s:��:_".
<br /> • '.� z�'�._,k� ;'ki�n-�i=�.'U;
<br /> a3 Trueror, �``'�� ,
<br /> William D. Liveng� and eeverly K. I.ivengood, husband and wife �s��,�>> .;
<br /> ;.� �.•.,`'., . .
<br /> , ° � Firslier Bank Nationel Assocfatfon,Omehe,_Nebraeka as Truatee,
<br /> •• 'i . . FlrsTier 8ank,National Aesociadon,Omaha,fVebraska aa Beneticfary: . • - ;"��';:.'''''�'``
<br /> e. . ,
<br />,:�..; ' ' . WITNE3SETH: ' '
<br /> ' • � � That trustor irrevocebly grents,trensfers and essipna to Truslee in trust,with power of eale,the followin�desc�ibed : , •,,;„,.�.�;.t,:.,;,..,.
<br /> ', " property; :.r.a;.;.�.;���
<br /> • " �:;,�. .
<br /> �- . . . . , '; ..i. . .'.;,� .
<br /> v Lots one (11, Two (2? and ThrQe (3), in Block Sixty (60), Oriqinal , '.,,i•'. ,..:�'
<br /> • Tow�, now City of Grand Island, Hall Cou�ty. NebYaska. • • �`� t';','}'��a�<� :;•
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<br /> I togethe�with all interest which Trusior now hes or may hereafter acqufre in ancl t�said property and i�tand to:(a)all ! ;
<br /> easementa and rights of way ap,purt�nant ihereto;(b)all tenements,hereditaments, buildinga,atructures,improveme�b, � 1 y,;::
<br /> fixlures,equipmeM,lumishi�ga and appurtenancea now or hereafta�,placed thereon;(c)a411aASehold�stat�,�ight title, , ���•i!
<br /> •' . , . a�d interest of Trustor in and to all leases or subleases thereof or any poriion thereof now or her�eAiter exi911ng o�entereci �"::°�
<br /> ' ��`�'� .�� , into,and all right,title,end interestof Trustor thereunder,including,wit+hout limitatian,aM cash orsecu�iry depos3ls,advance ';''"'"�
<br /> � ,,;,,-:.
<br /> -,, � � �entals,end deposits or payments of similar neture,a�d(d)all mineral,oil,gas rig�h�s and proffta,water,waYes�ights,and �
<br /> � '. '`>•' � water stock.T�ustor agrees to execute and dellver,from time to Ume,auch(urther lnstruments as may be r�s�ueated by � •
<br /> � - - - -- � 8eneticiery In tarr��and subsiancs satlstactary !o Scncticiary to��^33:m the llen af ihle L�ee� c+f T�u�t on any o�the :r,
<br /> � • I aforementfoned�roperty.The p�operty so conveyed to Trustee hereu�ndet is hereinefter referred to as'such property'. , ,; ;,,
<br /> � + The Trustor absolutely and irre�ocabty grants,transfera and assigns to Beneficiar�/the rents,income,issues,And p�ofita � ,, �
<br /> ' � ot at0 property covered by this C�e��t of Trusl. 4 �.., ,. .
<br /> t t.�,..�' '.,�� .
<br /> � FOR 7HE PURPOSE OF SECURINC3: ''= �'
<br /> •�' Thirty one thousand ninety one and 25/100--------- ��'
<br /> � 1. Payment ot the principal sum of
<br /> �' • ------------(531,091.25) Dollars-----------
<br /> � � evidenced by the certein promissory note deted of even date herewlth(herefnaRe�referred to as the"Promissory Note")
<br /> � exeCUledby `�illiam D. Livenqood and Be�erly K. Livenqood, husband and wife
<br /> In eaad amount a�d payable to the order of BenefiClary maturir.g o� Der.ernber 24, 1995 _ � .
<br /> together wlth inte�est therenn,late cha�ges,and p�epayment bonuses accordln�to the terms of the Prornl9sory Noze
<br /> and all renewels,extenara�s,arod moditications thereol. � ,
<br /> . ,��
<br /> . 2. Periormence,discharge of and compliAnce with every obllgation,cavenant and agreement of Trusto�Incorporated by � ''�'. �
<br /> � � reference or contained herein or in any other securiry agreemeM or deed of trust at any time given to secure any :"
<br /> �• `�,`• indebtedness hereby secured,or any part thereof. �
<br /> '�'��., .
<br /> , " � 3. Payment ot all fees end charges of Beneticiary or Trustee,whether or not set fo�th herein.
<br /> � ' ' TO PROTECT THE SECURITY OF THIS DEED OF TRUST,THUSTOR COVENANTS:
<br /> TI7LE:That it fs lawlully se+zed and possessed of a good and indefeasible title and estete to all of such���operty in fee
<br /> sim�le free from any prlor li�en or encumbrence,has good right and lawful authority to convey the saine,and will torever
<br /> ;�� warrant and defend the tflie thereto agai�st the Clairres and demends of all persons whosoever;tMat I!wd��,ad ils expense. .
<br /> '! ! maintafn and preserve the lien o(this Deed ot Trust as a first and paramount lien upon auch�r�evry�.
<br /> ' `' .j'� .� N^�mhTENANCE.To kee�p such p�operty�n good condiLOn and repa�r,to completeor restore promptly and in�ood and ; ,
<br /> ' � � work^^+anllke manner any�uildang which mey be co�struc4ed,damaged or destroyed thereon and to pag,when due,all
<br /> ��''�� ' �' cda��nns for laho�peAormed and materials furnished thercVore and tor any alterations thereoh,to comply wdt�hi 4he provisions
<br /> ot a91 insuranca policles coverfnfl said pramises,to comply witfn alllaws,ordinancea,regulatfons,covenants,conditions
<br /> and restrictions aftecting such property;not ta remove.demoias+h ar materially alterany building,or the charaCter or use
<br /> ' t�+ereof at any tlme thereon;not to drill or extract nor to permit the dnlling for or extraction of oil,ges o�other hydrocarbon
<br /> ' 1 �7LVJtG�1Y��i��AP�oiV�.. '^.:^.$:.:�v�.°.�uLin�l�mlocafhpYYfiMO[1f`ARBAf1fA}Ri1f1A}ICIANISMEdBDf�ObtA'If1�A:QO�tOCOR11111�0� _ ,
<br /> � per�it any waste thereof or any act upon such property in violation of law;to do all other acts io a timely and proper manner
<br /> whfch from the character or use of such prope�ly may be reasonably necessary to protecl and preserve sa�d securify,the
<br /> specific enumeratfons herein not excluding the general.
<br /> ' CONSTRUCTIONOFIMPROVEMENTS:TocompleteingoodandworkmanlikemenneranqDc��ld��ngar�mprovemenfor
<br /> repafr�eleting thereto which may be begu�on such property or co�templated by the loan secured hereby,to pay when due
<br /> all costs and ifabiHties incurred therefore,and not to permit any mechanic's lien aga�nst such property.Trustor also agrees,
<br /> anylhf�g i�this Deed ot Trust to ihe contrary notwithstanding;(a)to promptly commence work�nd to complete the
<br /> proposed improvements promptly,(b)to camplete same in accordance wfth plans and apecifications as approved by
<br /> 8eneficiary,(c)to comply with all ot Ihe terms of any building loan agreement betwaen Truator and Beneficfary,the terms of
<br /> which ere incorporated herein by reference to the same extent as if tully set foMh herein and made a pa�f of this Oeed of
<br /> Truat,(d)to allow BeneNciary to i nspect such properry at ell times during construct�on,a�d(e►to�eplace any work or
<br /> meterials unsatislactory to Beneficiary,within fiReen(1 S)deys after wniten notice Irom Beneficiary of such lect,wh�ch
<br /> � �otice may be given ro Trustor by reyistered or certilfed mad.sent to his last known address.or by personal service of the
<br /> same.
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