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<br /> 99 10697�. `"' z
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<br /> DEED OF TRUST �
<br /> THIS DEED OF TRUST, made this �th day of ,Tuly 1999 `-��:�,
<br /> byandamong Michael D Lesc inscy, r. an eresa esc ins y, us an an wi�� , ,5�,
<br /> (herein "Trustor"); and Jerry J Milner,;_a member of the Nebraska Bar Association
<br /> , whose mailing address is 1503 W 2nd St; Grand Island, NE
<br /> _ . _ 68801
<br /> (herein"Trustee"); and Associates Financial Services^=Company of Nebraska, Inc
<br /> whose mailing address is awrence ; ane; ran an , _
<br /> (herein"Beneficiary").
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably grants, transfers, conveys end assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE,for the benefd and security of Beneficiary,under and subject to the terms and conditions of this Deed of Trust,the
<br /> following described real property,located in Hall County,Nebraska:
<br /> Al1 that certain Lot or Parcel of Land Situate in the County of Hall and State
<br /> of Nebraska, Known and Designated as Lot Eight (8) in Block Seven (7) in
<br /> George Loan's Subdivision to the City<c>of Grand Island, Hall County Nebraska, and , _ .:_ �_
<br /> all that part of the Westerly One Half of Vacated Poplar Street, as vacated by
<br /> the city of Grand Island, Nebraska.
<br /> TOGETHER WITH, all rents, profits, royakies, income and other benefits derived from the real property; all leases or subleases
<br /> covering the real property or eny portion thereof, now or hereefter existing or entered into, and all right,title and interest of Trustor
<br /> thereunder; all interests, estate or other claims, both in Isw and in equity,which Trustor now has or may hereafter acquire in the real
<br /> property; all easements, rights-0f-way, tenements, heredftaments and appurtenances thereof and thereto; all oil and gas rights and
<br /> profits, water rights and water stock;all right,title end interest of Trustor, now owned or hereafter 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 a ent of ind�bted ess e denced b Trustor's nQt ,qf e,yen date herewith in the rinci su Seventeen
<br /> hQUSan� Four Hun�red �wentv-one and L�/10U-------------Dollars($P��, �+'��1�`t—T
<br /> together with interest at 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 principol 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 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 /> commk 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 hereafter erected upon the Property shall be akered,removed or demolished without
<br /> the prior written consent of Beneficiary. Trustor shall comply with sll laws, ordinances, regulations, covenants, condftions and
<br /> restrictions affecting the Property and not commR, 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 damaged,or destroyed and pay, when due, all claims for labor performed and
<br /> materials furnished therefore and for any akerations thereof
<br /> ORIGINAL(1)
<br /> M7lf71 RGV ��aa Nd,r..�. nneenwee nnev i�� ....-.�...... .
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