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<br /> � T.�° ..� �"� Deed of Tiust 1��='�=_:=°:�:
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<br /> ,. i.�;u�'�.c�k'��..d THIS DEEDOf TRUSTls tl�_�—daya�l January ,to��,by ar►d befw�n . y..,, 3�rr.�•�,
<br /> � �.,°.+i:a� __.�: w one a mor�,(A�nlnal(n�afMd tM••Trusb�►.7� - ��.�.,r
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<br />_ M1,,ti: ti*;t. ^.,�s<<. s e an . N� andNDAWESTL'ANK Ne raeka. N�t oaal Aesoc atian_ .��� . :' ,.,,.:A,:.,. .,,,
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<br />- �•"�; , WRNESSETH.� ,
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<br /> . y (. � 1F IH/S BOX!S CHECK�D/ �TNIS DEED OF TAUST CONSTRUTES A CONSTRUCTION
<br /> j''��St�+'�S�'�'+. SECURITV AGiREEMENT UNDER THE NEBRASKA CONSTRUCTION UEN AC�AND CREATES, ����'f•�:
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<br /> - -,.�.�,.,.,.• .� QRANTS ANO CONSTITUTES A CONSTRUCTION SECURRY INTEREST IN THE PAOPERTY �,�. ,.. ;
<br /> _- -��-. , ; :: '"-4 DESCRfBEO HEREINBELOW. ' ' "`�•:
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<br /> �.. .. . � WNEAEAS Tiu�s�or Ir�U�debted b Bsnr/ldary(n the princ/pal sum ol �tte ptt�mRpn TNOUSAND AND NO/100 � _�:_,.,�.
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<br /> ����'� �. ' DoW�rs(:3l�..aoo.oo )�wl�lch lndobt�dn�s,t/s ovld�nc�d Oy Tiuttor'a prnrNasory nah d�fM January ZS�fp.9��l�� ==''-_----.
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<br /> =�� ,,,`�`• '.,. CaWd dN 'NOte'1.PAYeble to dN ad�s d BNNflcUry and Na�a malwiry o/Pebruarv 1 , e , ; ;� __
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<br /> �,et • :^�� ' ' NOW,THEREFORE,Ib►fM pwpo�ta o/a�cwNp: �re`a�.._��.:�._:
<br /> _ � - " ., ,.V`�`" (U P�..+�Y�►/►y�p�n�►Ya��dn N�o�h1.�.t.oY�..N�wM�r�.w1td�N+t��+r1�sfy t��wn�o�n��at�c►w,pa,wrv�v�r p�raao�a,a+r luwn rdwnas.�nd�r urnrwom. rt . . .:�_-.
<br />� . ,'Y . .. �f''L. !lIYYI/Ifi�Yf11H1�WMIYIMN M�V�NwMY/�IwNI . � 'R y..,�.
<br /> t• ° �i, (b) p�yrnrnt o/W ofMr sums,l�or ciwpu.top�oth�r wJM lnt�t tM»on,advenasd ib pmtkd fM acwfryW thli ONd of Tiu�f�nd ��: :_
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<br /> __ _ .. nw pr►lormanc�ol t1N oownar►►s�nd apn�m�nts o/Tiustor,wlwthn a not est MAh haNn,
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<br /> . • (o) pwformu►cs,dlraherpe o/and compllu�c�wlth ewry tsrm,cavenent,oWlpedon end ayne►n�nt ol�iu�fa cont�Jned harNn a � �, ••�'
<br /> • Incapaated by ro/erence a arry ofher a�cu►Jry Insbument at inydme plven to secure the Note,and ' �:�"' � �=
<br /> (d) dw repayment of aD other sums a/uture advancea,wlth interost d►eraon,whtcb may ha�erolae have boen a hereaRer be advancod � �'
<br /> � • r,� by Banafklary ro Tn�ator a Tiustor's succesaorin lntereat a dNe, b--
<br /> ' �? NI o/which!s he�dnsA�w callectivey called tha"Indobrodne�s",Trusror ImawcaDy g►anW and Gra►�fers to Tru�sOw.In duat,W/TH PaWER
<br /> ' `� OF SI1L�tlN IID�Owiriy dosairbod piope►fy: �{. . _ y
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<br /> • ,• ,�.: . Lots Seven (7). 81ght (8), and NinQ (9). WeaRgate Subdivicio��e. �;
<br /> �. '. �-;�: .�,� llalA Couaty, Nebraaka � •4�
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<br /> '-��`���'� �� � �,•;.� � -�.2 topethe�wiu►(i)al!buJklings;sbuctures,aaldidons,enlergements,n�adificatlnns,�apal�s,replacements,and Improvements now o�he�san�a •---` -�
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<br /> :;'�:..,,,�, :� < <��;,r,•.t,, loCeted dlereon,p1J sN equipnienf,macMnery and Nxtures(lncludlnp,wllhouf lim:7abo�+,a!I Aghtlng.heaUnp.ventiledng.coqling.air „ � -.�-.
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<br /> :'r �,..�•, , ., . . � condlda+ln�.sp�inkllixp an��Ok�mbing/ixtures,weter end power aystems,en�ln�es,do,:a�s.►enges,ovena,dishwashers,mlrrors and ma�:��s, � -..• :,:-„�,
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<br /> �! •�•;;�; ��'' ' � ' S : � ca►pedng,lumaces,d/burners,elevato+s tu►d motora,reMgeredon plants a units,communlcetlon ayatems,dynamos,banslprme�s,efect�lcal • ���
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<br /> '�,,• . � ,��:� �� equlp►nent,storm and acreen wfndows.a�c�ors,ewnfngs and shades)now a heraa/te�attached%a bullt 1�,any bulldinq or�m�rovement _
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<br /> , nOw or Aereafter located thereon,(lil)a1!e�aserrierrts and dghts of way appurterrant thereto,(!t) elf leesehold esfate,rlght,HHe and lnfereAf M ���
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<br /> .;��.;,,,, ' ' 9rualw In 8nal to all lea�es,wbelhe�now oi hereaRei exlsdnp a enteied lnta l�nclud�n8,►+'►tlwut Nmltedon,all cash and secudry deposlts, �; • ,.. , ,_
<br /> �� � advance rentals and deposits a payments o/a slmilar nature),pertaJning therei�o.(v)al!rents,lssues,propts and lncome thereliom(subJecrt , -
<br /> a�the dpht o/Tiustor ta colrect end appJy such rents,issues,profits and ln�ane as they become duo and payatrlo ra long es na event ol ` ....?'`�a
<br /> ' .���� ' . � � default exlsts he�eunder),(v!)all royaldes,mineial.oll and gas Nghts and profirs,wate�,water dghts,and water stcc�c,(vl!)al►tenements. : • • �"
<br /> ' �' ' heredJtarhents, Nle es and a urtenances belon !n ,used or en o ed!n connecdon therewifh,and(WU ell roceeds of converslon, `'""'""�`
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<br /> .r•��, , voluntary a Invo/unfary,of any o/the biegdng fn[o cash or llquldated claims pncluding,wRhouf Nmltadon,proCeods oNnswanoa and �;,K�-�+,:.;=
<br /> .,���}.'•>>'� •' condemnatMn awa�ds�,all o!whkh!s herelnelter cdlectively ce/led Y�,e"Trus1 Property". '�'�'�Y+'�-�:�
<br /> i:,JJ'.����•� � .. TO PROTEC�THE SEuCURITY OF THIS DEED OF TRUST,TRUSTOA COVE�7AsU75 AND A(iAEES AS FOLLOWS: � ' `� --
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<br /> j��yt;��,�;..d r • 1. nde.Tivata covenants,wanants and agrees wlth Benellclary,its successas and asslgns,that Tiusta owns the Tiust P�operry Iree : .
<br /> d.!.�� . , ,o-, , hpr►any prlor Ilen a encumbrance,lhat Ohla Deed ol Tiust is ar.d w�ll�emaln a valld and onlorceaWe Nrst lien on the Tiusf P�aperly, �,.��"�
<br />-y� � d1A�TIUS�Of,at Us expense,wlll preserve auch Htle and wlll mainta/n thls Deed ol Trust as a ll�st and peramount lien u,pcn the rivet ._,�}'�.�:��*:---
<br /> . Prope►fy and wlll Mrever wanen[end delend the val/dlty and prlority ol the lien hereol agalnat fhe claims d all porspns and partie� ��' ,� '
<br /> whansoever.Truaror,at!1s expense,wlll ceu;.e this Deed of T�ust,and each amendment or suppfement haeto,fo!�e lllad end '•r''%''�"-`
<br /> • , ' , recaded es a mortyage o/the Tiust Properfy in such m8nrter and+n sucn plaee and wiH teke such acaiwn as In fhe opinlan ol Tiustee � �;;"_
<br /> �, ; _�.• . may be required by any present or hrture law in orde�tn pe�lect,maintaim and protect the Ilen ol this Deed of Truat,as the same may �;�
<br /> `�:�,`�� � be amended a supplemented fiom dme to Ume. T�usta w+:1 make such lurfher assurance a assuranCes to pe�leCt!ts Nfte fo the Trust -
<br /> ;;;� .� ' � ..� � t'ropoRy as may be reqWred by BeneNclary.Tiustor hereby relinqu/shes all r/ght ol dower and homesfead In and to fhe Truat Property. �__,_ -=-
<br /> �� �� ��..?� �� 2. Payment ol lndobtedness.Tiusta shell puncfualty pay the p►inclpal�l and Mterest on lhe Indebtedness secured hereby. �'�''�"`=
<br /> '� `���h`��yr-, . � Ca+sGuctlon o/Improvements.Trusta shell canplefe!n good end workmanlike menner any bWfdings,Improvemenls a repei�s relafing "",
<br /> �;�; _�'•�� ~ . fherefo whlch may be begun on the Trust Property or contemplated by the IoAn evJdenced by the Note secured here6y,to pay when - �
<br /> ; ..,. • due all cosfs and liabllltles Incurred fhere/oie,and not ro permlt eny conshuction Ilen agelnst such Truaf Property./n the evenf i
<br /> ' consbuctlon o!bulldings,lmprovements or repalrs are contemplated, 7�usto►also agrees,anything!n thls Deed o/7rust to fhe canhary � .
<br /> ` ' notwifhstanding;(a)►o prompNy commence any such wo►k and to comp/ete the proposed Improvemente promptly,(b)to comp/ete Me �
<br /> � � � sar»o!n BCCO►dance wlth the plans and speclNcetlons as approved by ARneficlery,(c)to comply wlth all the terms ol a building loan
<br /> . . '� egreement,Il any,befween Trustor end Beneflclery,the feims ol whlch are/ncorporeted hereln by�a/erence end made a part he►eol, , � ',
<br /> : (d)to ellow Benellciery to inspect Ihe Tast Piope►ty at all Bmes dudng consbucNon,and(e)to replace any wo�k or materials
<br /> ,� � ' unsatlslecrory to 6eneflclery w(thln flfteen(15)days alter wntten notice Irom Benellclary of such/ect. ,
<br /> � ; �. funds lor Payment of Charges.Sub/ec►to appllcable law or Io e w�ften walver by BeReficiery,Trostor shall pay to BeneNr.lary on the
<br /> � � Nret dey o/each month,or such other date each monfh es mey be speclNed by BeneNcJary,un6f the IndebtBdness!s pald(n full,a sum �, .
<br /> • . , (he►elnaRer called fhe"Funds")equal to 1�12fh ol the yearly texes and assessments which may attein pnonfy ove►fhls Deed ol Tiusf
<br /> • • , end g►ound renfs on the Trus�Properry,ll any,plus 1�12th o!the yeady premlum instellments lor hazerd insurance,plus 1i12th o/the
<br /> yeaNy premlum installments la rnoRgage(nsurence,ff eny,all as reasonebfy eshmeted Intt►ally and lrom t/me to 6me by BeneNclary on `. ,
<br /> , the basis o/essessments and Dl!!a end reasoneb/e estlmates IhereoL The Funds shall be held in an�nstituGon,the deposlts or
<br /> _ accoun►8 0l whlCh ere lnsured or gua►antead bY a federel oi stafe aoencv�ncludlnp Benelic�aN• BeneliciaN shall applv the Funds to ��
<br /> �` F`�� ``��� � - pay seld texes,assessmenfs,insu►ence premlums and ground rents.BenefJC�ary shall not be requlied to pay Trustor anylnferest or �
<br /> r • • earnings on fhe Funds.Benellclery shall give to Trustor,without cha�ge,an ennuel accounNng o/the funds show/ng credlts and ,
<br /> r . debits M the Funds and fhe pu►pose for wh�ch each deblt fo the Funds wes made. The funds ere pledged es addl�lonal security lor •
<br /> ' !; the Indebtedness secured by fhls Deed of Trust.ll lhe emounf o!the Funds held by Beneliclery,together wlfh fhe/uture month/y i
<br /> ' ;- lnstallments ol Funds payable prla to the due dates o/taxes,easessments,insurence premlums and ground rents,shel!exceed the
<br /> � ' amaunt requlred to pay sald faxes,essessrnents,Insurance premlums and ground rents as they lall due, such excess shall be,e1
<br /> ;' � , r�. TiustOr's optlon,elthe►prompNy repald ro Tiusfor or Credifed to Trusro►agalnst/uture month/y installmenfs o!Funds.If fhe amount of
<br /> ��',i'•i -� 1 �' , ;!`;:�. .,:� . ' the Funds held by Beneliclary shall not be suNlclent►o pey taxes,assessments.Insurance premiums and ground rents as they/alf due,
<br /> ';;>�;�. � +�� ����;!�`�'% Tiustor shall pay to 8eneflclery any amount necessary to make up the deliciency w�thln fhlrty days Irom the date nofice is malled by
<br /> � ��•,;. : .� { ' ' � Benellclery to Tiustor►equesUng paymenf fhereo/.Upon payment!n lull o!all Indebtedness,Benel�crary shall promptly relund fo
<br /> , , .. • Tiusfa any funds held by Beneficlary.If the Trust Property!s sold under fho power of sale or the Trust Property is otherwise acqu�red
<br /> �� '� � by BeneHc/ary,8enellclary shall epply,rmmedietety prlor to the sale ol the Tius�Properry or rts acquisltion by Benellciary,eny Funds ;
<br /> � . i '• • •;� • held by Benelklary al the Ume o►appllceNon as e credif egelnst the Indebfedness.ll Bene/IC(ary execufes a wdtten welver o!Trus�or's .
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<br /> o611gadons under thls paragreph 4, Trustor covenants and agrees to pay,belore the seme become delmquen�,all texes,assessments.
<br /> , rvc�t����ror�e�M�m�wONp �
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