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<br /> ,�+�...� �_ �DEED Of T�UiT _ __ ..�'�-�
<br /> th uecember �y 9� �by and au�o�� Peters_Br�there, ��_�.y°--_
<br /> � .. . ° THI8 TRUST DEED,m�thl��daY o� . . ..
<br /> , Inc. by Douglac F.PP�C�pX 3��a�o� River. NE b8883 —
<br /> . � � wMw m�ilinp addrosa Y
<br /> , (herein"T�uata");and IIIK�w000111Fl�whose mailinp addresa Is P.O.BoK�87,Wood River.Nebraska 88883.lhere(n"Trustee,"and"Benetictary••) �--.:., ��..,�• .J:�,
<br /> FOR VALUA9lE CONSIOERATION, includirp th�ind�btedn�ss ind�ntiii�d hK�in ond the trust he�in crwttit, the r�aipt of which is hw�bY �-`;�,�^
<br /> ocknowitdaed, Trustor irrevocably grants,trcroslers,conwys, and assigns to TrustM. IN TRUST,WITH POWER OF SAtE, for th�bu�fit ax1 �y6ti+������
<br /> s�cwi of�wficior�,u�d�and sub�ci ro th�tecn�and ccx��tans of tWs O�d of Trus►.tM rtol p�opv�dQxribd as iolbws: ��, �,4,,.+
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<br /> ' Lot Ten (1Q) and �he West Fous¢eece (14) iaches Qf Lot EZeven (11) fn �2vck . :;;;.;.4,:;':;;:r:<.:
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<br /> \�, TOGETHER WITH, aA reMS, prolits,royalfies.income ond other 6enefits derived (rom the reol property; all leases m +ublruses ca�ermg thr.
<br /> "reol property or any portion 1Fwreof,now or hereaher existing or entered into,and all righ�, tille and iMerest of 7rustor the�eunder oll in• .
<br /> terests,estote or other claims,both in low and in equity,which Trustor now hos or may hereofter atquire in the reol property;all easements.
<br /> ; rights•of-way, tenements,heredilaments and appurtenonces Ihereof and thereto; all oil and gas rights and p►o�its, woter rights ond water i
<br /> stotks all riyht,title and interest of Trustor,now owned or fiereofter acquired, in and to any land lying within the right•o(-way of any street or
<br /> • . highway adjoining the real property,anY and a.� buildings, fixtures, improvements,and appurtena�ces now or hereofter erected thereon or
<br /> , '�: belonging thereto, (herein referred to as"Improvement"or"Improvements"1:and any and ol!owards made tor the taking by eminent domam �
<br /> )' or by onr praeeding a purchase in lieu thereof,of the whole a any parf of The reol poPertY• ;
<br /> . � „ All of the(oregoing estote,prope►�Y and interest hereby conveyed to Trustee herein collectively refer�ed to as the"Praperty". ,
<br /> . THISDEEDOFTRUSTSHAILSECURE� �ent Thousand �
<br /> ' . � (o)ihe poyment of indebtedness evidenced b�Trustor's nme of even date herewith in the p�incipol sum oi`.__0,000.OQ �, i
<br /> ' �',�` and no/100----------------°-----------.--------°--------- _–Dollars IS.. . _ -
<br /> ,h � , , together wilh interest ot the rate or rotes provided therein, (herein,together witt�ony and all renewals,modif ications,and extensions thereof.
<br /> � referred to as the"Note")both principal and interest on the Note being poyoble in accordance with the terms set forlh therein, reterence �o
<br /> � ' which is hereby mode,the final payment of principol and interest, if not sooner poid and if no renewals,modificotions or extensions ore made: �
<br /> due and pa�able on Alarch 1, 1991 __. ___._ . __ - -- - -� - - -- -
<br /> � ' � � (b)The performonce of eoth agreement and covenant of Trustor herein contained;and
<br /> •, ',,'•_� (c)The po�ment oi ony sum or sums of money with interest thereon which may be herenfter paid or advaaced under the terms of this Deed o(
<br /> Trust. .
<br /> � (d)The poyment of any luture advonces necessary to protect the security or any�uture advonce made at the option oi the porties;and ,
<br /> (e)The performance of an obligotion of ony other person named in this Trust Ueed to a bene(iciary.
<br /> ` TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR HEREBY COVENANTS AND AGREES AS F011OWS:
<br /> � . . 1.Pa�m�nt of Prindpal ond Inten�t.lrustor sholl promptly pny when due the principol of and interest on the indebtedness evidenced by the
<br /> Note,ond all other charyes and fees as provided in the Note,and the principol of and interest on any Future Advances secured by this Deed of
<br /> ' , Trust.
<br /> ' 2.Wa►raaty of Tilb. Trustor is lawfully sei:ed aad possessed o(good and indefeosible title and estate to the Property hereby conveyed and
<br /> hus fhe right to grant ond tonvey the Property: the Property is free and clear of all liens ond entumbrantes extept liens now ot retord: and
<br /> Trusta will warrant ond defend the title to the Property agoinst all cloims and demands.
<br /> 3.Mdntmana and Gompllanu wMh law�.Truslor Shol)keep�he Property in yood condihon and repair and shall not commd woste or perm�t
<br /> impairment or deferiorotion of the Property and Shall comply with the pronswns of any lense i( this Deed of irust is on a leasehold.No�mprovP•
<br /> ment now or hereofter eretted upon the Property sholl be altered, removed or demnlished wdhout the prior writte�consent of Bene(KiarY
<br /> Trustar shaM eomply with all laws,ordinances,regulations,covenants,conditions and restrictions offecring the Property ond not commit, suffer
<br /> ' or permit any act tobe done in or upon the Property in violotion o(any low,ordinance.regulaiion, covenont, condition or restriction. lrustor
<br /> _... ....�ae a.,,��t�whirh mav be damoaed a destroyed and
<br /> • shalt complete or resrore promptly and m g000 woricmoniiice mannr� u��y����Fri"v�o��-•��� ��••^-• •-•-' � • -
<br /> poy,when due,all claims lor labor performed and materials furnished therefore and for ony olterations thereof.
<br /> 4. Inturone�.Trustor,ot its expense,will maintain with insurors approved by 8r.ne(icia�y. inw�ancP with respect to the Improvem�nta and
<br /> + personol praperty, constilutinq the Property,apoinst loss by(ire, lightning. tornado,ond other perils ond ha:ards covered by stondard extended
<br /> toverage endorsement, in on amount equal to ot least one hundred percent of the full replocemenT �a1�e�hereof and inswance ogainst such
<br /> ► � o�`ner hoztirds ond in s�ctF crnou�ts as�s wstomorily carried by owners and operatars of simule�proper��es cr os 8en:e��ciary may require 1or its
<br /> � protection.T*ustor wiH compfy with suefi other re4���ernen�s as Bene��ciary moy irom��me'e��me�eqvest 10���e p�ete�+�an by msurm,ce of�he —.
<br /> � iMeresfs ol the respec'rive porties.All insuronce pol�cies mo�n'o�ned C��s�aRf ro �h�s �ee+!o� 1*usf Shall nome Trustor ond 8eneliciorv ns m
<br /> . sureds,uS th8�r r@Spettiv9 int6rostg may app@ar,and p�oai�e tFsat��:ere snoll be no cancellor�an er mod�fication withou� no less�hon 15 davs
<br /> prio�w►'iffan notifitufion to Benafitiory. In fhe event nny polity hereunder is not renewed on or belore �S davs prio�to i1s ezpiratio�dtffP
<br /> �I Beneficiary moy pracure such insurance in uccordance with the provisions oi paragraph 7 hereof.Tnistor sha�l dei�ver to Beneliciory thP or�ginal
<br /> : policies of insuranceand renewols thereof or memo cnpies of such policies ond renewals thereof.Failure to lurmsh such insu�ance by Trustor. or
<br /> ,. renewals os required hereunder sholl,at the op�ion of Benef iciary,constitute o default.
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