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<br /> � DEED OF TRUST �6
<br /> l�
<br /> '1'his ll��ll Ur' '1'KUS'1'is made as of the 23�day of JUN�, 1999, by and among the '1'rustor, JAM�S Y. Sd
<br /> MASAT AND CAROLYN A. MASAT, HLJSBAND AND WIFE, AND STELLA M. LEVEA, A SINGLE
<br /> PERSON, whose mailing address for purposes of this Deed of Trust is 2621 WBST HIGHWAY 30, P. O. BOX
<br /> 1927, GRAND ISLAND, NE 68802-1927 (herein, "Trustor", whether one or more),
<br /> the Trustee, AREND R.
<br /> BAACK, Attorney at Law, a member of the Nebraska State Bar Association, whose mailing address is P. O�
<br /> Box 790, Grand Island, NE 68802-0790 (herein "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS
<br /> AND LOAN ASSOCIATION OF GRAND ISLAND, whose mailing address is P. O. Bos 1009, Grand Island, NE
<br /> 68802-1009(herein"Lender").
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein
<br /> to(herein "Borrower", whether one or more), and the trust herein created, the receipt of which is hereby
<br /> acknowledged, Trustor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE, for the benefit and security of the Lender, under and subject to the terms and conditions
<br /> hereinafter set forth,legally described as follows:
<br /> LOT TI-IItEE (3}, COMl\�RCIAL INDUSTRIAL PARK SECOND SUBDIVISION IN THE
<br /> CITY OF GRAND ISLAND,HAI-L COUNTY NEBRASKA, AND THE EAST FIFTY FEET (E
<br /> 50') OF LOT TWO (2) AND THE NORTHEAST 62.65 FEET OF LOT FOUR (4),
<br /> COM1vIERCIAL INDUSTRIAL PARK SECOND SUBDIVISION, IN TI� CITY OF GRAND
<br /> ISLAND, HAI-L COUNTY, NEBRASKA, TOGETI�R WI'TH 'THE TRACT OF LAND
<br /> DESCRIBED AS FOLLOWS: THAT PART OF FRONTAGE ROAD IN COMN�RCIAL
<br /> INDUSTRIAL PARK SECOND SUBDIVISION, VACATED BY ORDINANCE NO. 6450,
<br /> MORE PARTICiJLARI-Y DESCRIBED AS THAT PART OF FRONTAGE ROAD ABUTTINCi
<br /> UPON THE EAST 50 FEET, OF 15240 METERS, OF LOT 2 AND ALL OF LOT 3,
<br /> COMIv1ERCIAL INDUSTRIAL PARK SECOlv'D SUBDIVISION IN TI� CITY OF GRAND
<br /> ISLAND,HALL COUNTY,NEBRASKA.
<br /> together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br /> appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and
<br /> remainders thereot; and such personal property that is attached to the improvements so as to constitute a fixture,
<br /> including, but not limited to, heating and cooling equipment and together with the homestead or mazital interests, if
<br /> any, which interests e e �of thelreal estate secu ed byi the lien of this Deed of Trustland all of the fo egohng being
<br /> hereby declared to b p
<br /> refened to herein as the"Property".
<br /> This Deed of Tnzst shall secure(a) the payment of the principal sum and interest evidenced by a Deed of
<br /> Trust Note dated JIJNE 23, 1999,having a maturity date of JULY 5, 2000, in the original principal amount of ONE
<br /> HLTNI�RF,n TWRNTY THOtTSANn ANT)NOII QO nollars($120,000.00),anci any and a11 modifications, extension�
<br /> and renewals thereof or thereto and any and all future advances and re-advances to Borrower(or any of them if more
<br /> than one) hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note"); (b)the
<br /> payment of other sums advanced by Lender to protect the security of the Note; (c)the performance of all covenants
<br /> and agreements of Trustor set forth herein; and (d) all present and future indebtedness and obligations of Borrower
<br /> (or any of them if more than one)to Lender whether direct, indirect, absolute or contingent and whether arising by
<br /> note,guaranty,overdraft or otherwise. The Note,this Deed of Trust and any and all other documents that secure the
<br /> Note or otherwise executed in connection therewith,including without limitation guarantees, security agreements and
<br /> assi�nments of leases and rents,shall be referred to herein as the"Loan Instruments".
<br /> TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br /> 1. Yavment of lndebtedness. All indebtedness secured hereby shall be paid when due.
<br /> 2. Title. Trustor is the owner of the Property, has the right and authority to convey the Property and
<br /> warrants that the lien created hereby is a first and prior lien on the Property and the execution and delivery of the
<br /> Deed of Trust does not violate any contract or other obligation to which Trustor is subject.
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