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<br /> ��� '��� THia DEED oF TRUST is made aa of the rddey of Se tembe� 1991, by - ----
<br /> - -_
<br /> "''"'�°°"�"^`����� ' o and among DANIEL P. CIMINO and KOLLY J. CI�, husben an w e es joint
<br /> '_•_-YYI�M.�.
<br /> teneants, ("TRqBTOR"Z whoso a�ailinq addroaa iot 1919 W�at John Stre�t, ciran
<br /> �r�x�����. ialand, Nobraaka 68�03,
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<br /> ec"TRUSTEEE°),whoao tna�ilin9 addroasgiei�P.O1 Box 176Ba�G nnd I landp��nt, --��
<br /> �''•t t' Nebraakn,
<br /> �; ' �...: �
<br /> �=�ry� and MILDRED E. McGRATH, ("BENEFICIAEtY"), whose meiling addrese is: c/o �
<br /> -• '� Mildre� E. Mc(3rath Agenay Account Norwest Hank Nebraska N.A., of (iranc3
<br /> Island, Nebraska, Trust Dapartmen�, P. O. Box 1768, arand Iolend, Nebraeke � _
<br /> ' � , ,;.:v�w; 68802.
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<br /> T="' � FOR VALUABLE CONSID�RATION, Truator irrevocably transfere conveys, end --_- -- ----
<br />_.Y.••. �� n Q� .
<br />�;ti=�{. ;;� " assigns to Truetee� IN TRUST, WITH POWP•R OF SALE, for the benef t and security
<br /> of Heneficiary un er and subject to the ternie and conditions of thia Deed of ��._
<br /> � '-^� Truat, the rea� property located in the Cit�y of Grand ieland, County of _
<br />}�.: .;,�a�, '�,�� Hall, State of Nebraska, and legally daearibed ae followe: (tho "Property"): ���
<br />�; :�, , The Westexly One-Half (S}) of Lot Three (3) and all of
<br /> � , Late Four (4) end Five s), all in Block Forty Five
<br />�,,,� �" (45 , in Charles Waemer s Third Additlon to the City
<br /> ;,., '`° o f �r a n d I s l a n d, H a l l C o u n t y, N e b r a s k a.
<br />: . �.•.—
<br /> x . ' ,•' . , ,w,r.�-=�----
<br /> �.: TOGETHER WITH all rente, easements appurtenances, hereditaments �.�.�-=,,�;�;—
<br /> interests in adjoining roade, streete and alleys, improvements and bui�dings �-:"
<br />•�` ' ' of any kind eituated thereon and all personel property that may be or
<br />: . •. '�:.��..:•:. �_�"�.
<br /> �-- - heraaft�r become nn inragral part of such buil3ings and improvwnants. ���„ _,-
<br /> - ��.._
<br /> � The property and the entire estate and interest conveyed to the Truetee �
<br /> .. �� are referred to collectively as the "Trust Estate". _ ___
<br /> r � FOR THE PURPOSE OF SECURING: .�ni�� _
<br /> ., . ' �.R6a.:.. �., —
<br /> .� � a. Payment of indebtednese in the total principal artwunt of �65,000.00, _
<br /> � with interesf thereon, as evidenced by the certain Promiseory Note of even ��
<br /> '=� • • `'' ' date (the "Note") with a maturity date of September 1, 2011, executed by M
<br /> Truetor, which has been deliverel and ie payable to the order of Heneficiary, ;,
<br /> , , d „ and which by this reference is hereby made a part hereof, and any and ell _ -- =-=-
<br /> modificatione, extensions end renewals thereof, end, -
<br /> v��n,_,
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<br /> � � -� b. Payment of all sums advanced by Benef iciar to protect the Trust ..,,,.�-- •� --
<br /> ' Estate, with interest thereon at the rate of nine (9� percent per annum , �+ :: _
<br /> � ° unless in default, and then interest ehall accrue at twelve (12) percen� per
<br /> °ti� annum until the default ie remedied. •
<br /> , " 1 . Q �� This Deed of Trust, the Note, end any other inetrument given to evidence '
<br /> or further secure the payment and performance of anp obligation secured hereby ��v_�^ ,�
<br /> - + .�: are referrec7 to collectively as the "Loan instrumonts". ���a�-
<br /> ' � TO PROTECT THE SECURITY OF THIS DEED OF TRUST: .�'�--'"`--
<br /> i ."�� ��� .._._
<br />� � � 1. PAYMENT OF INDEBTEDNES3. R•ruetor ahall pay when due the principal yF ��
<br /> ' of, and the n eres on, e n e tedness evidenced by the Note, charges, fees �._ .,.'-...;.�.�;��v.
<br />� � and all other sums as provided in the Loan Instrumente. � �
<br /> �� 2, TAXE3. Trustor shall pay each installment of all taxes and special ' ,
<br /> ^ assessments o�every kind, now or hereafter levied against the Trust Eetate or ;
<br /> any part hereof before delinquency without notice or demand, and shall
<br /> � prov3de Benef ic�ary with evidence o� the payment of same. Trustor ehall pay
<br /> all taxes and assessments which may be levied upon eenef iciary s interest
<br /> ' " herein or upon this Deed of Truat or the debt secured hereby, without regard
<br /> • to an law �hat may be enacted imposing payment of the whole or any part
<br /> thereof upon the Beneficiary. '
<br /> ' 3. IN3URANCE AND REPAIRS. Trustor shall maintain fire and extended
<br /> " coverage insurance nsur ng e improvements and buildinge constituting part
<br /> of the Trust Estate for an amount no less then the amount of the un aid
<br /> � principal balance of L•he Note (co-insurance not exceeding 80� permi�ted).
<br /> ; • Such insurance policy shall contain a standard mortqage clause in favor of
<br /> Beneficiary and shall not be cancelleble, terminable, or modifiable without
<br /> I' � ten (10) days prior written notice to Beneficiary. Trustor shall promptly
<br /> repair, maintain and replace the Truet Estate or any part thereof so that,
<br /> , �L_ �n......�. �..�eF.. oT.nl1 nn* Ao*wrinrate. I11
<br /> — �- ---- HXC@Pt t01' OrQ1R8Ty W6flt flnci i.b6i� u�o .auo. ...+.....-.. -. ,--- - - -----
<br /> ; no event shall the Trustor cortQnit waete on or to the Trust��Estate.
<br /> • In addition to casualty insurance, Trustor shall provide and pay the
<br /> premiums on compreheneive liabflity ineurance covering the premises and
<br /> rotecting the Boneficiary and Trustor from all claims, demands, lawsuits, and
<br /> �udgments arfeing out of in�ury to persons or damage to property occurring on
<br /> he property. Tfie coverage shall be in an amount of not less than S300,000
<br /> single limit for bodily injury and property damage. The liability insurance
<br /> indseparateYpoliciesCe Inyany eventYesuch policylorppolicies shellenameained
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