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<br /> 99-
<br /> iC�5'710 `�' � � �
<br /> DEED OF TRUST ��
<br /> r , THIS DEED OF TRUST, made this 3rd day of June , 19 ,
<br /> � �
<br /> ` byandamong Steven L Foulk and L nn E Foulk husband and wife �
<br /> (herein "Trustor"); and Jerr J Milner
<br /> , whose mailing address is 1511 W 2nd St; Grand Island, NE
<br /> 68801
<br /> (herein"Trustee"); and Associates Financial Services omnany of Nebraska Tn
<br /> whose mailing address is 2014 N Lawrence Lane; Grand Island NE 68803
<br /> (herein"Beneficiary").
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocebly grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE,for the benefit and security of Beneficia under and subject to the terms and conditions of this Deed of Trust,the
<br /> following described real property,located in HA�L County,Nebraska:
<br /> All that Certain Lot or Parcel of Land Situate in Hall County, Nebraska,
<br /> known and described as being Lot Seven (7) Pleasant View Tenth (1Oth)
<br /> Subdivision to the City of Grand Island, Hall County, Nebraska.
<br /> TOGETHER WITH, all rents, profds, royakies, income and other benefits derived from the real property; all leases or subleases
<br /> covering the real property or any portion thereof, now or hereafter existing or entered into, and all right,title and interest of Trustor
<br /> thereunder;all interests, estate or other claims, both in law and in equity,which Trustor now has or may hereafter acquire in the real
<br /> property; all easements, rights-0f-wey,tenements, hereditaments and appurtenances thereof and thereto; ell oil and gas rights and
<br /> profits, water rights nnd water stock; all right,title and interest of Trustor, now owned or hereaRer acquired, in and to any land lying
<br /> within the right-0f-way of any street or highway adjoining the real property; any and all buildings, fixtures, improvements, and
<br /> appurtenances now or hereafter erected thereon or belonging thereto, (herein referred to as"Improvement"or"Improvements");and
<br /> any and all awards made for the taking by eminent domain,or by any proceeding or purchase in lieu thereof,of the whole or any part
<br /> of the real property. All of the foregoing estate, property and interest conveyed to Trustee herein collectively referred to as the
<br /> 'Property".
<br /> FOR THE PURPOSE OF SECURING:
<br /> (a) The pa ment of indebtedness evidenced by Trustor's note of even date herewith in the princi al;nmlof� Sevent -
<br /> Two 'IYhoLGand F1 even and 29�1 On-------------------------Dollars($j�
<br /> toge t her wi t h in teres t a t t h e r a t e o r r a t e s p r ovided therein, or the pnnci pal and interest on any future advances evidenced by
<br /> promissory notes stating they are secured hereby, (herein"Note"or"Notes")and any and all renewals,modifications and extensions
<br /> of such Note,both principal and interest on the Note being payable in accordance with the terms set forth therein,reference to which
<br /> is hereby made.
<br /> (b)The performance of each agreement and covenant of Trustor herein contained;and
<br /> (c)The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this
<br /> Deed of Trust.
<br /> A. TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS:
<br /> 1, PAYMENT OF PRINCIPAL AND INTEREST. Trustor shall promptly pay when due the principal of and interest on the
<br /> indebtedness evidenced by the Note,and all other charges and fees as provided in the Note,and the principal of and interest on any
<br /> Future Advances secured by this Deed of Trust.
<br /> 2. WARRANTY OF TITLE. Trustor is lawfully seized and possessed of good and indefeasible title and estate to the Property
<br /> hereby conveyed and has the right to grant and convey the Property; the Property is free and clear of all liens and encumbrances
<br /> except liens now of record;and Trustor will warrant and defend the title to the Property against atl claims and demands.
<br /> 3. MAINTENANCE AND COMPLIANCE WITH LAWS.Trustor shall keep the Property in good repair and condition and shall not
<br /> commit waste or permit impairment or deterioration of the Property and shall comply with the provisions of any lease if this Deed of
<br /> Trust is on a leasehold.No improvement now or hereaiter erected upon the Property shall be altered,removed or demolished without
<br /> the prior written consent of Beneficiary. Trustor shall comply with all laws, ordinances, regulations, covenants, conditions and
<br /> restrictions affecting the Property and not commit, suffer or permit any act to be done in or upon the Property in violation of any law,
<br /> ordinance, regulation, covenant,condition or restriction.Trustor shall complete or restore promptly and in good workmanlike manner
<br /> any improvement on the Property which may be dqmaged or destroyed and pay, when due, all claims for labor performed and
<br /> materials furnished therefore and for any alterations theraof.
<br /> � ORIGINAL(1)
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