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<br /> NEBRASKA
<br /> Lade SECONO DEED OF TRUST
<br /> (N8A Loari)
<br /> � This Second Deed of Trust (this "Second Deed of Trust"), is made as of 7-1 3 , 199� by and among
<br /> Jerald W./and Mandee M. Lade husband and wife
<br /> 1"T�ustor"), whose mailing address is 41 6 Nosth Sherman, Grand Island,NE 68803
<br /> Commercial Federal Bank �'T�ustee") , whose mailing add�ess is P.o. box 11 03
<br /> ("Beneficiary"), whose mailing address�is 200 Commerce6Court,� 1230 O Street,l'ncoln,eNeb aska 68508-1402 ance Authority
<br /> FOR VALUABLE CONSiDERATION, Trustor i�revocably t�ansfers,conveys and assigns to T�ustee. IN TRUST,WITH POWER
<br /> OF SALE, for the benefit and security of Beneficiary, u�der and subject to the terms and conditlons of this Second Deed of Trust,
<br /> the real property, legally desc�ibed on Exhibit A attached hereto and incorporated herein by reference (the 'Property"); a�d
<br /> TOGETHER WITH,all rents,profits,royalties,income and other benefiis derived from the P�operty(coilectively, the"rents"�,
<br /> all leases or subleases covering the Property or any portion thereof now or hereafter exisiing or entered into, and all�ight, title and
<br /> interest of Trustor thereunder, all right, title and interest of Trustor i� and to any greater estate in the P�operty owned or hereafter
<br /> acquired, all interests, esiate or other claims, both in law and in equity, which Trustor now has or may he�eafter acquire in the
<br /> Property, all easements, riflhts-of-way, tenements, hereditaments a�d appurtenances thereof and the�eto, all water rights, all right,
<br /> tiile and inierest of Trustor, �ow owned or hereafter acquired, in a�d to any land, lying within the right-of-way of any street or
<br /> highway adjoining the Property, and any and all alleys and strips and eores of land adjacent to or used in connection with the
<br /> Property, and any and all buildings, fixtures and improveme�ts now or hereafter erected thereon (the "Improvements"►, and all the
<br /> estate, interest, right, title or any claim or demand which Trustor now has or may hereafter acquire In the P�operty, and any and
<br /> all awards made fo� the taking by eminent domain, or by any proceeding or pu�chase in lieu thereof, of the whole or any part of
<br /> the Trust Estate, including without limitation any awards resulting from a change of grade of streets and awards for severance
<br /> damages.
<br /> The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "T�ust Estate".
<br /> For the Pu�posa of Securing:
<br /> A. Payment of indebtedness evidenced by any promissory note of Trustor in favor of Be�eficiary; and
<br /> B. Payment of all sums advanced by Beneficiary to protect the T�ust Estate, with interest thereon at the rate of
<br /> sixteen percent (1696) per annum. .
<br /> The indebtedness described in paragraphs A and B above is �eferred to as the 'Indebted�ess.'
<br /> This Second Deed of Trust, any promissory note of Trustor in favor of Beneficiary and any other instrument given to
<br /> evidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan
<br /> Instrumencs".
<br /> Trusior covenants that (i) Trusto� holds title to the Trust Estate and has lawful authority to encumber the Trust Estate,
<br /> (ii) the Trust Estate is free and clea�of all liens and encumb�ances except for easements, restrictions and covenants of record and
<br /> the Deed of Trust from Trustor encumbering the Property dated on o� about the date hereof (the "First Deed of Trust"), and
<br /> (iii� Trustor will defend the Trust Estate against the lawful clalms of any person.
<br /> Tu Protect the Secu�Ity of thls Second Deed of T�ust:
<br /> 1. Paymant o//ndabtedness. Trustor shall pay when due the p�incipal of, and the interest on, the Indebtedness and
<br /> all other sums as provided in the Loan Instruments. .
<br /> � NIFA 2/96
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