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<br /> TBIS DHBD OF.TItIIS'r is as8e as of tha �� day of J�lY. I991, bY and a�cn4� `
<br /> ' ]1Rq�LD-L. �YZ"QIi an8 88�l,iiA !!. BF7IYTOF. hnsba�nd a�d�rifs as joiat textants. � _
<br /> f�S1b8° MhOaA �e�7.friq addtlss #s: 415 $ast 8lu�alC, Grailft I�la�ic�r-
<br /> Ii�brafica �I; � - -
<br /> . � aad TRff RISI�S II7SOR�lHCB t7�SPl1PY �"'IItIIST'88"), trhose meiliu9 a�res�s:�is: "
<br /> P. O. Hooc 627, Grand Isla�±r�: tie{�rasks 68802; and. ::^;::.:;;�`;;;�.�,:
<br /> : � .; ..,,.
<br /> '���`�„ FRll�LIIi PCMB�lS, Jg. i «;���ICI1lItY"}, MItOS! mai1�9 �� �:%;��i3�.:�:,.
<br /> `;��,�(=3=;�:,:_ _- - . gpo� 79, Sarq�at 4 . . � _ ._ ,
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<br /> = FOR VIIf�S .--Shrastor-iss�vocably tranefer�-=-conv+�Yc+aud - _-- —
<br /> - assiqns to TrustN IN T�us� MITH PCNSR oF S�1LE, for the �n�f�t aad :�curity
<br /> of.H�n�ficiary iu�r and sa�ij�ct to th� t�s�s �d c�it�arys of this Ds�d of
<br /> _ Tru:t' th� rsa� P���Zty�scr�as f llar� �tfi��"�'ra�rtY�j:�� . .
<br /> -- Stats of t�braska. .
<br /> The 11�at iifm� aad Biqht R�aths (39:8 L�aat of
<br /> ' - Lot 'Aa `2 ,��8 ack �ourtNr► 14) ind a � oi l,an8 �
<br /> --== fihirt f 3tf Iaat ia ridth ad�oininq aad b�ing tt� full `., . --- -
<br />-- 1�i o f �t T M O (Z�. B l o c k E a u t N n t 2 4) .a e s t h�. .
<br /> � ths� .i d� t i wr�o! lorrs�Y b�l n v a p a r t o� �t �
<br /> = l►wnu� �nd all b��g in C auss�n Caaa t�r Viw an ,
<br /> � 11�3dit ion to t b� C i t y o! l iran 8 Is l a n d. C o u a�Y,. . . .
<br /> � lNbraska. � ,
<br /> � Z'OGEi'� Ni4� all. �nts; �ss�nts appusttasAC�a. bar�dit�wat= _ _
<br /> int�r�sts in adjoiniag�roads, strNts sad a11�Ys, �sovm�nt: aad bu�ciin9s
<br /> of aay k3ad situat�d th�r�on and of s�ucb b�uildi.n�qs aud 3�mPro��as ntsr
<br /> h�rraftar b�ca�r ari intagral part
<br /> The prop�rty and tha et�tire estat� aitd iaterest conveyed to the Trusteo
<br /> are refarred �o coZlectively as the "Tsvst Bstate".
<br />. - FOR '� PORPOSS OF SEWAING: • . � —
<br /> , �
<br /> a. Pa nt af indebtedness ia the total ps�a+cipal amoaat vf ;25,000.0�,
<br /> - xith inte�ea�thereoa as evidencec� bY the�certain Pramissory licte of even ---_
<br /> 8ats (ths "Note^y ttit�i a mataritg date of July 20 1993,�execated by Trustor, �.a�
<br /> � �which bas been dslivered ar� is paFable to the order of Senef a�y� and vhich =�=_- _
<br /> ' �'' by this reference fs hesebY made a art hereof, and any actd all.��-�aedi.fications, . .:-�r;�r�
<br /> -� extensioas aad renerrals tbereof, aa�, °�-• �-k�•�--
<br /> .�.���3�'�---�
<br /> b. Payment ef alL suma advanced by Beneficias� ��•nrotect the Trust � �:�:;fn��,--�- _
<br /> :
<br /> Estate, Mith iate�e�t �eon at the rate of faurtee� �il,�'� .�er+�snt per annwa. '-';�z"��sy.
<br /> ' Thi.s Deed af Tri�st; 3che Note, and any other in ,:str� �A� to evidence .- �;=a
<br /> 'A" or further secure the gag�ent a�@ Berformance of any obliga�icae.�ecured hereby �� �;. : �
<br /> - are referred ta colloct��lq as the "Loan Instrumsats". _ :.;'�1- --
<br /> f �:�..-�
<br /> . 'i�0 PROT�CT�"s�iE ^sEC�RITY OF '1'HIS DEED 4F '�'RIIS'1`: •. �� `,� `
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<br /> f.' 1. PAYl�N'F OF I1�I��`.ONES$. Trnstor shall paY �ien deie the principal �. t,:�,,��f=�`�;7�_=---------
<br />' ' ': of and the eres on, e teaneas evidencea bp �he Nete, charges, fees °�-tr;•;'�`-_�;
<br /> ' and all other s�s as grovided in the I�oan Instrumenra�#�:. � ' �����^�;,�:_`
<br /> � l ,1:f:.���.T.°=..
<br /> ' TA7�S. 2rastor shall Pay each instalLaent af�a12 taxxes ana specisl •:'•�,�:-��::�.�; __
<br /> ' ` assea�ants o'f eve kirtd, now or hereafter lenied against the Trust Es�ate or '; ..�, �
<br /> � any hereof be�are'dslinqueacy withont notice ar deman@, and ahali ` _ _ ,. ;��
<br /> :t��. p z o n d e H e n e f i c�a r y �s i,�:�•ev idence o� the p a�e nt af s�e. Tru..�tor sha].1 pay
<br /> • , �� all ta�cas and a�seas�nts which may be levied upan H ene f ia i a s q•s i n teras t � : � .:°;-?r�cxrr°
<br /> .;�; herein or upoa this DeBd of Trust or the debt secured hereby, Withaut reqas8 - :- '.,.��:.;�;
<br /> ,-; to any law �hat may be enacted imposing payment of th� whale or any part � ,,.;.,;;'.
<br /> ,: thereof upon the Beneficiary. { , '
<br /> � ----''.:
<br /> �� � ;i 3. INgURAKCB ARD RBPAIR3. Trustor ahall maintain fire and extie�nded � . �
<br /> ' �� caverage inauraace naur�ng e imprwrements and truildinqs coastituting part ; : , . ,
<br /> oP the Trust Estate for an amount no less than the amaunt of replacawnt value
<br /> of ths building. such insuraacepo lic shall contain a atandara mortgaqe
<br /> clauss in gavos of Beneficiary and aha�l not be aance�labla, terminabls, or
<br /> modifiable Nithout ten {10) daya priar Mritten notice to Ben�Piciary. Trustor '
<br /> ahall ramptly repair, maintain and replace tha fisvat Eatats or any part f' .
<br /> ' thareo� so that, except for orc7inary rear and tear, the Trust Estate shall not �
<br /> " , d�teriora►ts. In no event ahali the Trustor comoiL waste an or to the Txuat• ; �
<br /> � . '�• `- Eatats. • _
<br /> In addition Lo casualty insurance, Trugtor ahall pr�ovide and pay tho ,
<br /> _ _�; �' prNaiums on camprehenaiva liability insurance coverinq ttie praaisa� ana
<br /> � - rot�cting tha BeneficiarY and Trustor fram all claims, d�errds, lewsuits, an8
<br /> . � . ' �udgmsnts arising out of �n9ury to persons or dama�e�e to prop�rtY vccnrring on �
<br /> - � - -�.-� •��� �-�- - ttia propert . The coverage ahall be-in an annuat of not les� tTian s300,000 _ ... _
<br /> � � a • aingls limi� for boc�ily in9wcy and praperty e. Tha liability insurance
<br /> .. .• "'�. and cr�sualty insurance may be psocure8 fn.a ein e policy or may be obtained ` .
<br /> n
<br /> "�°'�� in ee�arate policiee. In any event, such licy or licfes ahall aamr ;
<br /> r �'; ",=�-,,, eenef3ciary ana Trnatps ns inaureds as the�r intereepEs� may appear an8 `
<br /> ,��,; :��;• .. Beneficiary shall be pravfdsd with a Certificate of Insuraace or duplicate
<br />;;'�� ' �,•�"'�'`• ; copy ehawing th� insurance to bs in fnl.l. Eorce and effect at al.l t3mrs during
<br /> � � ; -. .�P1� the term of this Deed of Txust.
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