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<br /> - i .ti.�:,� OR� OP 'lRUB'P ��=�. __ _ 1_�...-.-_nY
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<br /> •'!�� ` d``�t�� THIS DEED OF TRUST is m8de as of the 15t118y oP A ril 19 by and
<br /> amnng LRIC L. NORRIS and KELLIE NORRI3, hu��a'nd and w e aa o n� tenante,
<br /> ��" ''�"'' � � ("TRUBTOR"), wh000 mailing addres� iat
<br />�S'� i'�f "�
<br /> —�----
<br /> �:... . •' . . .,
<br /> � � '"� and DUANE A. BURNS, ("TRUSTEE"), whase n�ilictg address ie: P. O. Aox 2300, ��
<br />��. `��• Grand Ieland, Nebraeka 68802; �
<br /> i; a.;. � . -.l�r. �"•�
<br /> � ''� ' � and LEO 3. PETERBEN and M. ELIZABETH PETER3EN, as ioint tenants, and the
<br /> � � ersonal representatives, heire, and assigne, of tfie survivor ae between them, ��"'`'�'�''�"t'`'�='��`.
<br /> � ("BENEFICIARY"), whose mailing addrese ia: P. O. Box 1347, (3rand Islartd, .+���`•
<br /> • Nebraska 68802. '�r`�
<br /> . � � . •;;
<br /> � FOR VALUABLE CpNSIDERATION, Trustor irrevoaably transfers conveys, and ��-^� '�
<br /> � ;y.�Y•:i,:�..
<br /> �:'+: ' --`• ,� �k:J, assigns to Truatee IN TItUST, WITH POWER OF SALE, for the benef�t and seaurity �jri:p�,�� ��.��
<br /> , , ..,.1;;��
<br /> .�r,. �' ��,.: � � ��'i of Beneficiary un�der and sub�ect to the teexms and conditions of this Deed of sr,'f��Y�ii�,�`r- "_,
<br /> . ;;;�. � !�,,�;•'::'�•S,� ,: ����`�rr; Truat, the rea� property loca ed in th� City of Grand Islana, County��of Hall, r ! ,,.�'��_:
<br /> - „ �':. . y,..r . � >•6 I.�r. {:.l'.�f�r� ...1. ..au�.
<br />.ti ,;��{;�` it"��4.�, �, , ,,���.�_ State of Neforaska, and legal ly described as f ollcws: (the Property ): ;;,iS�:�:-�
<br /> '��t. � ' ' � + „,� The Westerly Seventeen Feet (17') of Lot Seven (7), '� -
<br /> ` "•�' ''S•t and all of Lot Six (6) a11 3n Block Seven (7) in • �'•+�i�S'�`;t s�:::
<br /> ,�+`� A r,� .���1�!_�; Charles Wasmer's ADtlit�on to tt�e City of GranB Island, ,..;F,��y�� {�..
<br /> ,:. 6., Hall County, Nebraska. �=•- ---'"'�____.
<br /> %, ;. . , . . r
<br /> •'' t fi ., . .,,: .,t:. . f'.�dY`,�►!�'la:.
<br />,.,,;,, , I TOGETF3ER WITH a11 rents, easements appurtenances, hereditaments �.;.�,����• ?,��-:
<br /> , , '. : , :'•t•'°r intere�ts in aajoinin raa�s, atreets an`d alleys, improvements and bui�dings +�, ��•,�`�y,
<br /> �, • . � , g
<br /> �� �� �;;° , :; of an� kind situatec3 thereon and all ersor�al pro ert that ma be or �f`�c � �`'• ;�+ ;�
<br /> P Y x � ��) y r:�j
<br /> �•;: ,`,�.�. � f ,, . herear�.dr i�rcuj��c an inte�ral part a. s::�h b�i'ldir.s�s ar.c� i,�,rnVP�+nt�. 1� , x}��
<br /> ; ,, • ;.,.�;.s? �� d,� t r r � ' t ,ii,g.�-
<br /> ' ' `��'���'•��� �` ��•'•'::' The property and the entire estate and 3nterest conveyed to the Trostee '� ,,���,�.�,_ ••�`
<br /> ��:+�,,-R-:�-�
<br /> t�"'�"��'�j�`��'i��'�`�:�;?��•�f} 8rB referred to collectively a3 ��l@ °TY'll&t EBt8t8��. - _
<br /> . } ;• ,,,,t':; . ';
<br /> ' . ��:''` :'' FOR TH� PURPOSE OL�' SECURING: -
<br /> ;, � a. Payment of indebtednese �n the total principal amount of $25 000.00, �'��•��,-=.
<br /> • with nine and one-half percent (9�) interest thereon ae evidenced by �he �'�'-''��-�
<br /> • certain Promissor Note of even date (the "Note") wi�h a maturity date is ° t�.:"' r r4:
<br /> • •• Mav 1, 2011 Y , executed by Trustor, which F�as been delivered and • ' "�'''__
<br /> �• ' , pay e o e or er of Beneficiary, and which by thfs reference is hereby � _ ',�-
<br /> • • made a part hereaf, and any end all m�difications, extensione and renewals .,-� :
<br /> ,• thereof, end, ;•{ k,;'�'
<br /> ���
<br /> , . . ' b. Payment of all sume advanced by Beneficiar to protect the Trust ��=�==:�':'�.;,___
<br /> �t . �state, with inter9st thereon at the rate of twelve �12) percent per annum. -��"*.�a••S;;_ _
<br /> l'IM�_
<br /> � Thie Deed of Trust, the Note, and any other instrument given to evidence "��".
<br /> � �' � or further secure the payment and perEormar►ce of any obligetion secured hereby �•.••• ••-��� •-�
<br /> s�.. , , ..,..�
<br /> �: :� are referred to collecLively ae the "Loan Instruments". t� ,:• -''-H�=-,�::-
<br /> , , . .�,,:: . .
<br /> • �• ' ���:�•": TO PRO'PECT THE SECURITY OF THIS DEED OF TRUST: }.;" . � �.W����Y'
<br /> :- •.'s.. . _nY�•;l; • , .• •
<br /> ���"�'��•�. '�`` � 1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal
<br /> 4' :, , rc�.i�
<br /> '.4��. ' i Yi�.� •� ��11.i!�..
<br /> `����r : .-;�tit,+.•,,, of and the n eres on, e n e tednese evidenced by the Note, charges, fees •. .••
<br /> �!�.
<br /> � �•..;,;,�,, an`d all other sums as provided in the Loan Inetrumenta.
<br /> , ...�,�.�t;,. ..
<br /> • � ' ' .+�;+�'' 2. TAXES. Trustor shall pay each installment of all taxes and epecial . :` ' .
<br />'``�", � � -'� � � '� . assessments o'�every kind, now or hereafter levied against the Trust Estate or i � . .
<br />- f,�... e , .,
<br /> �; , any part hereof before delinquency without notice or demand, and shall
<br /> � ,� ; provide eenefic�ary with evidence o� the payment of same. Trustor ahall pay
<br /> • �,,, „ all taxes and aesessmente which may be levied upon Beneficiary's interest
<br />, , � herein or upon this Dee� of Trust or the debt secured hereby, without reqard ,
<br />„ . r�ti;:'� , to any law that may be enacted imposing payment of the whole or any part i
<br /> thereof upon the Beneficiary.
<br /> � 3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended �
<br /> � coverage insurance ns r ng e improvements and buildings constituting part �
<br /> of the Trust Estate for an +.�mount no less than the amount af the unpaid I
<br /> ' principal balance of the Note (co-insurance not exceeding 80� permitted). :
<br /> Such insurance policy shall contain a standard mortgage clause in favor of
<br /> Beneficiary and shall not be cancellablv, terminable, or modifiable without
<br /> ten (10) days prior written notice to Beneficiary. Trustor shall promptly
<br /> � � repair, maintain and replace the Trust Bstate or any part thereof so that,
<br /> _ aseraot far ordinary wear and t�ar, the Trust Estete shall not detersorate. In
<br /> t
<br /> no e`vent shall th� Trustor commit waste on or to the Trust k:staLe.
<br /> � In addition to ca�ualty insurance, Trustor shall Provfd� and pay the •
<br /> �oremiums on comprehe�sive ltalaility insurance covering the premises aad
<br /> � �rotecting t:�e.Beneficiary and Trustor from all claims, demands, lawsuits, aad ,
<br /> i �c�gments arising ost of �njury,to persons or damage to property accarrin a:�
<br /> the property The coverage sha.l be ln an amount of not less tf�aa $3"vO,C��
<br /> j 1 single limit�for bodily injury and property damage. The liability insarance
<br /> � � ar.d casualty insurar�ce may be procured in a single policy or may be otain�8 in
<br /> i separate policies. Tn any event, such policy or polici�s shall narne
<br />' Beneficiary and Trustor as insureds as their interests may appear, and
<br /> •.i� I Beneficiary shall be provided with a Certificate of Insurance or duplicate
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