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<br /> TNIS DEBD OF TltUBT i� mad� a� o! th�2nd dsY o! Ju,�� 1993 by and
<br /> �- - amonq ROBERT D. KQBNIQ end!U'PEiY 8. KOBNia, Ktiiband and . �TOR"). who��
<br /> m�il3nq addr�t� iss 2413 N. Or�nd I�land Av�nu�, arand I�lan , t�bra�ka 68H03=
<br /> and WANB A. HqRNB, Attorn�Y at Law, ("TttUSTtiB"), whoo� msilinQ addr�r�� i�s P.
<br /> O. Box 1300, (irend I�land, Aabraoka 6880Zi
<br /> and AdN ![OHLIN�i, ("BL[iBFICIARY"�, whoae meiling addreos ie s erietol Noyers-
<br /> Squibb, 345 Park Av�nu�, N�w Yor , Now York 10154.
<br />-` FOR VALUABLB CONBIDEEtATION Truetor irrevocebly transfere conveys, and
<br /> a�eoigne to Truetae IN TRUST WI�[i POWBR OF SALE, for the benefi� ac�d aacurit
<br />- . oP Benoliciary undar nnd e�ject to the terme and conditione of this Deed o�
<br /> .f; Truet, the rea� property loaatea in the City of Grand Island, Countx of Hsll,
<br /> :;, 8tnt� of Nabraoka, and l�qally daacrib�d as £ollowe: (the "Proporty ):
<br />"� Lot 14�vo (2 and the North 5` of Lot Four (4) _
<br /> Hloak Two �2), College ASdition to West La�m -
<br />=' in the City of Grand Islend, Hall County.
<br /> '; Nebraeka. -
<br /> TaGFTH6R�IITA all rent�,easements, appurtenac:aes, hereditamenta, interests
<br /> � � in adioining mads, streat� and alleys, ia�mvemen�ts and buildinga of any kind
<br />-•,� situaEed 'thea�eon and all personal property tDiat may be or hereafter baaame en
<br /> J intagral part of eaah buiiiin�e and i�rove+wnta.
<br /> °° — The pruper�.y nnd thn tli.a`.irz d��a2a anc7 interast canvsys3 ta tha Truatcc
<br /> '�� ' are referred to collectively a� khe "Trust Estate".
<br /> `1:i'�
<br /> •:+�' `� FOR THE PURPOSE OF SECURING:
<br /> ;i;', a '�".:;�...
<br />-- ' ' � �::: a. Payment of indebtedness in the total princigal emount of �41,734.30, _
<br /> ' ° with intereaf thereon, ae evidenced by that certain Promiseory Note o even date =
<br /> � �+y�1,�..:"�µ < (the "Note°) with a maturity date oP 3eptember 1 2003, executed by Trustor
<br /> whiah has �een delivered and is payable to the or�er of 8eneficiary and whic�i �:
<br /> � �.:.�" by this reference is hereby made a part hereof, and eny end all mod�ifiaations,
<br /> �°�;'• extensio�s and ranewals thereof, and,
<br /> �• :r;.
<br /> � .-��ti'� :�i b. Payment of all aume advanaed by Heneficiary to proteat the Trust
<br />'`��'t�, 8stste, with interest thereon at the rate of faurteen {14�) percent per annwn.
<br />�"�`�'• Thia Deed of Truet, the Note, and any other instrwnent given to evidence
<br />:i M1'::. �
<br />,�.,;, -. or further secure �he payment and perforniance of an obligation Aecura8 hareby =
<br />_:,�„�; ;j;�; are referxed to collectively as the "Loan Instrumen�s".
<br /> ��`•� -
<br /> ��' �' t , '°'��"`^'�"°"''�• TO PROTECT THE SSCURITY OF THIB DL�ED OF TRUST:
<br />- 'r..k'ti�:a� - �
<br /> � '``��"3��' �' 1. PAYMENT OF INDEBTSDNS88. Trustor ahall pay when due the prinaipal ._
<br /> ���;� • of, end the n e o on, e n e edneos evidencod by the Note, charges, fees
<br /> � ... and all other eums as provided in the Lc�an i�etruments. _.
<br />-'A�;; ':� w,:�ti,. _-`.
<br /> . � 2. REAL ESTATE TAXES. Truetor ahall pay the annual real eatate taxes to _
<br /> '� �� '' the Hall un y reasurer fore the taxes become delinquent and shall furniah �;
<br /> - -w.�.�+. r tax receipts to Henef iciary on or before May 1 end 3eptember 1 each yesr. in -
<br />,: + �,� ..:'��-�' the event that special aesesemente are levied by the City against the property,
<br /> ,�;�''' =Y�'.;,,� the Trustor ehall make the annual peymenta before the eame become delinquent end =
<br /> ��. ��? provide Seneficiazy with a receipt �or payment. �
<br /> LL r. , <<,. ;
<br />•` ', ? '� :,, � • 3. INSURANCS AND RBPAIRB. Upon aloaing, Truator shall provide Beneficiary -`-
<br /> � . with a Cer ca e o ns ance ehowing the houee on the premisea to be insured
<br /> � ' for fire end extended coverge in an emount no less than the replacement value �Y
<br /> � of the houe. Trustor ahall pay the premiums for maintaining auch policy end
<br /> � shall provide Beneficiary with evidence of insurance premium payments each year. �
<br /> . . Such 3neurance policy shall contain a standard mortgage clause in favor of
<br /> "•• � " � � eeneficiary and shnll not be cancellable, terminable, or modifiable without ten �
<br /> '�;�x`'`:, ' •- " (10) days prior wrltten notice to Beneficiary. Truetor ehnll Arotr�tly repair.
<br /> _ '^r�s�'.•:... R m a i n t a i n a n d r e p l a c a t h e T r u e t E s t a t e o r a n y part thereof su that, exce pt for �
<br /> v fi :.=.,7�::o.yM�:.:
<br />_:��y � t .;. ordinary wear and tear, the Trustc Eetate eha l l not deteriorate. i� no event �
<br />_::�,• s ha l l t hQ True tor comm i t wae te on or to t ho T r u s t E e t a t e. .
<br />�_�+ ' `� 'a ''� In addition to casualty insurence, Trustor shall provide and pay the �
<br /> �, nrarnlmm �n r.n�nnrahanaiys� liehilitv insuranco covarinn the nremises �Id =
<br /> ---�.�7•.=,:�_•�__�_: �--^---� r
<br />- -=1 ���.�... ro�ecting the 8e`nefiaiary and Trustor from all claime, deinanda, Iawsuits, and �
<br /> :.'1 �r�:t�s_
<br /> � .;.�;.. . . � . udgments arieing out of injury to pereons or damage to property occurring on �
<br /> j he property The coverage shall be in an amount of not lese than ;300,000 �
<br /> ._,� • .t,,�. •`.�`� .. single limit�for bodily injury and property damage. The liability insurance �
<br /> � �.�,���.,{,1;�;� .`• � and casualty insurartce may bo procured in a aingle policy or may be obtained in `
<br /> �,=�4�_��`rt.;,,;r,.r,�•,.�. , ; separate policies. In any event, such policy or policies shall neme Beneficiary �
<br /> - .,. , and Truetor as insurede as their intereats may eppear, and Beneficiary she1L be
<br /> ���;;; �;��?,:{;,�!:'�,���• �. rovided with a Certificate of 7neurance or duplicate copy showing the insurance
<br /> �, • ''°• �o he in fu11 force and effect at all times during the term of thie Deed of
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<br /> ,,� � ,,, . ;�',�_ : mrust. -
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