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<br /> 99 1069� 9 �
<br /> DEED OF TRUST ".
<br /> ���?
<br /> THIS DEED OF TRUST, made this 9th day of Julv , 1999 '-�r
<br /> byandamong Gerald L Scheer and Connie M Scheer, husband and wif
<br /> (herein ��Trustor"); and Jerrv J Milner, a member of the Nebra�ka Bar AGSO �a �on
<br /> , whose mailing address is 1503 W 2nd St; (;rand Island� NF,
<br /> 68801
<br /> (herein"Trustee"); and Associates Financial Services Company of Nebraska, Inc
<br /> whose mailing address is 2014 N Lawrence Lane; Grand Island, NE 68803
<br /> (herein"Beneficiary").
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE,for the benefit and security of BenefiGi��y,�nder and subject to the terms end conditions of this Deed of Trust,the
<br /> following described real property,located in YIAL County,Nebraska:
<br /> Al1 that Certain Lot or Parcel of Land Situated in Hall County, Nebraska, known
<br /> and Described as being Lot Six (6) Sunset Second Subdivision to Grand Island,
<br /> Hall County, Nebraska.
<br /> TOGETHER WITH, all rents, profits, royafties, income and other benefds 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-of-way, tenements, hereditaments and appurtenances thereof and thereto; all oil and gas rights and
<br /> profits, water rights and water stock; ell right,title and interest of Trustor, now owned or hereafter acquired, in end 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 hereaiter 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 payment of indebtedness evidenced by Trustor's note of even date herewith in the principal sum of Ten
<br /> Thniicanrl Fniir Hundred Turent3���x ��i3 �Q����------------- DOIIAfS($ �(l�G7Fi_ ���
<br /> together with interest nt the rate or rates provided therein, or the principal 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 wRh 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,TFiUSTOR 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 end 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 all 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 wdh the provisions of any lease if this Deed of
<br /> Trust is on a leasehold.No improvement now or hereafter erected upon the Property shall be akered,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 shell complete or restore promptly and in good workmanlike manner
<br /> any improvement on the Property which mny be damaged or d troyed and pay, when due, all claims for Iabor performed and
<br /> materials furnished therefore end for nny aRerations thereof.
<br /> ORIGINAL(1)
<br /> Rf17R71 RFV ��-0a N�,...�. OAOOAWC�f�ADV M\ �,���w�. .
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