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<br /> _ .��� -' Deed of Trust
<br />. -��� �O�WlQ n►� .. ..w � r ___. .
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<br /> TA1�NA n�nehall Af�f�
<br /> .��. �. :. THIS DEED OF TRUST Is mode thls_5th�—dey o!-�At�r , 1 a�l�by end befween R—S—r � � _ , ._- �__� _
<br /> _ _ ��..,,,�:, Tamra L CamobeT 11 Hyohwnei A„a ttt fe whother one a more,(hsrelrtefter cdfsd the"TivaM►'J,
<br /> ^o^._yi(`hanticlaer BF (`rand ia7 nnd �R AARA1 . �
<br /> -- . ° � wnose ma�una edd�es r8 • --- —----- - ---
<br /> �_ , �� NOAWEST BAN� '�FRRAAit� 1QATTANAI �Qanr.�TTnN (heielnelter called the"Tivatee'),whose malllnp addresa!a �
<br /> . ,,,.
<br /> . a: '' PO Box 176 G I.� NE 688�2 _,and NORWEST BANK *�pARARKA� NATTANAi. seeMTATTAN ,(herelnalte► �i':'a�-��"��
<br /> ..,..
<br /> ,^� .� ,�.. o�lkd tha"BanoBoJuy►,�),whose mallln�addret�s Is P11 n�Y 1 76R' Prand r a i A„a xu 68802 '
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<br /> �' �,?;,�, WlTNESSETH: ���---
<br /> - '•`��;'-,.� •, ,' , �`�__.
<br /> IF THIS 90X fS CHECKED/X �THIS DEEO OF TRUST CONSTITUtES A CONSTRUCTION �.�:•--
<br /> • � •�'.: � SECURITY AaREEMENT UNDER THE NEBRASKA CONSTAUCTION UEN ACT AND CREATES, �`" 1';�
<br /> `' aRANTS AND CONSTITUTES A CONSIRUCTION SECUAITY/NTEREST IN THE PROPERTY �W� � � _i
<br /> �" DESCRIBED HEREINBELOW. r-�`�—�-�
<br /> �� WHEREAS,Tiusrorls Indebted to BeneNc/eryln the princlpel sum ol °°°°"'"" mvnno��m ..ro Nn��nn--------------____M ��s�__`�=`�=�%"�u��=-
<br /> '- ' po����s �o�nno_nn j,Whlch lndebtedness Is evldenced by Trusta's promissory note dated S.e.ptemher S, �g�L,(here/naRer -- - --_-'�
<br /> ` ^ . ,: called tho"Note"),payeble to the ader o�BeneNclary and hevinp a marodry of Mn rrh 2 , 199 -. ___ _
<br /> �._
<br /> � NOW,THEAEFORE,for the purpose of secudng: � � —�,�Y
<br /> h . � (a) peyment o/the Note,togafher wJth lnterest thereon,late aharpes,p►epaymeM penafNes, any luture edvencea,and ell vxtenslons, �;i=-"'�-
<br /> �. ., modllk�dons,subaHtudona and renewals thereo% F d
<br /> ti � . (b) payment ol all ofher sums,lees o►cherges,fogether wlfh lnterest thereon,advenced to protect the securiry ol thla Deed ol Tivat and �c`i.���
<br /> r • the pedormence o/the covenants and agreoments ol Tiustor,whethes a not set forth hereln, "'.'��','-_
<br /> `- (o) per/ormance,dlscha►ge o►and comp!lance with every te►m,covenant,obdgatlon and agreement of Trnstor contalned hereln a "'�•`��`=�` `` .--- -
<br /> : t �• ° lnco►po►ated by relerence or any other secudry lnstrument at e��v dme gfven M secure the Note,and �� �;_�;;�-
<br /> •
<br /> ' i. . '' ' �� (d) the repayment of all othe�sums or luhrre advances,wlth/ntereat thoreon,wh�ah may h��et��ore ha�•been a harealtor be advanced , _
<br /> I by BeneNclery to Trustor or Tiustor's successor!n lnlerest or tlNe, __ ...
<br /> �� aU al whlch ls herelnafle►collecHvoly called tiw"Indebfedness",TiuBtoi lnevxabty pients eRd hall8le►s to Tiustee,!n buaf,WITH POWER _;-•-_
<br /> � ,OF SALE,the lolfowlnp deacdbed property: :.����r:.-:;
<br /> � Lot Three (3) Block 3 Colonial Eetatea 7th Subdivieion to the City of Grand Island, � �` � �
<br /> •. " Hall County. Nebraeka. �
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<br /> toqether with(1)all bulldJngs,sbucturas,addldons,enlergementa,modlficatlons,repelrs,replacements,and improvements now or hereafter �'��""'•'-"
<br /> � �` — Ixatetl thereon,(u)a!!equipment,mechinery and lixtures(lncluding,widwui Itmlfatlan,alf lfght/ng,httsUng,ventilsdng,coolfng,eir �� y.c'_ - ��''°`�-
<br /> • condlHoning,apdnk!!ng end plumbing/Ixtuies,water and power systems,enpines,bollers,ianges,ovens,dlahwashers,mUrors and mante/s, � .� f
<br /> �' caipedng,lumaces,oll bumers,eleveto►s and motors,reldgeraGon plants or units,communlcadon systems,dynamos,hansbrme►s,efecblcel
<br /> '� equlpment,aform end acreen wlndows,doors,awnings and shados)now or hereaRer arteched to,or bWlt In,any building or Improvement � � :�,
<br /> . now or he�eaRer/ocated thereqn,(!Iq all easements end dgh►s o/way appuKenant thereto,Qv),all leasehold estete,rlght Utle end lnte�est ol ' !
<br /> Tiusto►In and to all leases,whefher now or hereaRer existlng or entered lnto(Including,wlthout llmitatlon,all cash and secu►!ty deposlts,
<br /> � advanoe ientals and deposlts or paymenfs o/a slmllar nature),pertalning theieto,(v)all renfs,lasues,proHfs and lncome fherelrom(sub/ect � � �
<br /> ' to thA dpht o►Tiustor to cdlect and appy such renfs,lssues,p►ollts endlncome as they become due and payeble so long as no event o� � �
<br /> delauR exlsfs hereunder),(v!)ell royalNes,mineral,o!I and gas dghts end profifa,weter,water�Ights,and water stxk,(vll)ell tenements, 4 ��
<br /> heredJtements,p�lvlleges and appu►tenances belonging,used or en�oyed fn connectlon therewlth,and(vili)all proceeds o1 converslon,
<br /> voluntery or lnvolunfery,ol eny o/the/oregoing lnto cash or I1qWdafed clelms(lncluding,wlthout 1Imltedon,proceeda ollnsurance and , n. _
<br /> condemnadon awards),all of whlch Is herelnaRer collecNvely called the"Trust Propaity". '=�i-��__
<br /> TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR COVENANTS AND A(3REES AS FOLLOWS: - -'..
<br /> 1. Atle.Trusror covenents,wanants and agrees wlth Beneficlery,Jts auccessois and assfgns,thet Tiustor owns the Tius[Property Iree , `'
<br /> fiom eny prlor Ifen or encumbrance,that thls Deed ol Trust!s and wl//remaJn a velld end enforceable Nrst Ilen on the Tiust Property. - -•
<br /> thet Tiustor,at lts expense,will preserve such Htle and wlll melntaln[hls Deed ol Trust as a IJrst and paramount den upon the Trust ��.:.$.-.. .
<br /> Property an d w tl l lorever warran t a n d d e l e n d t h e v a l l d i ry a n d p r l o r i ry o f I h e 11 en h er eo!a gainst the clalms ol ell persons end pe►ties �e���+^��
<br /> ��wc+•,,.
<br /> whomsoeve►. Tiustor,et!ts expense,wlll cause fhls Deod o/Tiusl,end each emendment or supplement herero,to be Ilfed and ,•.� w •
<br /> ' recorded as a moRgage o/the Tiust Prope►ly!n such manner end In such place and wlll teke such acNon es!n the op/nlon ol Tiustee w:""�"
<br /> may be requlred by any present o►luture law/n order to peAect,me/nlaln and protect the Ilen ol thls Deed ol T►usf,as the seme may
<br /> ' be amended or supplemented 1rom tlme to Nmo.Trustor will mnnv such lurther essurance or assurances to pe►/ect its tlGe to the Trust .
<br /> Property es may be requlred by 9enelkiery. Trustor hereby rellnqulshes all dght o/dowe►and homestead In and to the Tiusf Pmperly. � . ... . .
<br /> 2. Peyment o/Indebtedness. Trusto►sha0 punctually pay the princlpal a!and!n[erest on the Indebtedness secured hereby. -
<br /> 3. Consductlon o/Improvemenfs.Tiusta shell complete/n good and workmanllke manner any buildings,lmprovements a�epalrs►eladng
<br /> , � thereto whlch may be begun on Ihe Trust Property or contempfeted by the loan evldenced by the Note secured hereby,to pay when
<br /> � ' due all costs and IlebillNes lncurred iherelore,and not fo perm/t any consbuction Ilen agalnst such Tiust Properry.In the event �
<br /> ` consbuctlon o/bulldings,Improvements or►epaJrs are contemplated,Trustor also agrees,anything In this Deed ol 7rust to the conNery
<br /> notwlthstanding;(a)to piomptly commence any such work and to comp/ete the proposed Improvements promptly.(b)to complefe the
<br /> same Jn eccordance with fhe plans and spec(licatlons es epproved by Beneliciary,(c)to comply wifh all the te►ms ol a bufld(ng/oan
<br /> '' agreement,!►any,between?rustor and Benelic(ery,the terms ol which are mcorporafed herein by re/erence and made e part hereo%
<br /> � (d)to allow BeneNclary to Inspect the Trust Pioperry at all tlmes during conshucbon,end(e)to replace any work or materlals
<br /> � unsaHs/actory to BeneNclary wrthln lilteen(15)deys aBer written notice Irom Beneliaary of such fact.
<br /> 4. FunJs!or Peymenf ol Charges.Subject to applicable law or to a written wa�ver by Beneliciary, Trustor shall pey to Benefir.iary on fhe
<br /> Rrst dey ol each month,or such ofher date each monfh as may be specified by Benelic�ary,until the Indebtedness!s peld!n lull,a sum
<br /> (herelnalter called the"Funds")equal to 1 i 12th ol the yearly faxes and assessments whlch may attain pnonty over fhis Oeed ol Trust
<br /> and ground�ents on fhe Trust Property,il eny,plus 1�12fh of the yearty premuim installments lor hazard insuranCe,plus 1�12fh o/the
<br /> yearly premlum(nstallments lor mortgege insuiance,if any,all as reasonably estlmated mltielly and Irom time to Ume by BeneHc/ery on
<br /> � the basis o/essessments and bills and reasonebfe eshmates thereol.The Funds shall be held in an mstitut�on,the deposits or
<br /> accounts ol whlch ere�nsured or gueranteed by a lederal or state agency including Benellciary.Benelicrary shall app/y the Funds to
<br /> pay sald taxes,assessmenfs,�nsurance p�emwms and ground renfs.Benelic�ary shell not La requiied to pey Trustor any�nterest or
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<br /> � eammgs on me runas.oeneiw�ary�i�nii y�vn w�rw�W.wra�w�a�a•yv,011 OIII�Y01 PYV VYnUny v�...o...........�.....�..y.......:...�.... -
<br /> � deblfs to the Funds and the purpose for which each debrt to fhe Funds was made. The Funds are pledged as adddional security for
<br /> fhe Indebtedness secured by this Deed ol Trust.Il the amounf of the Funds held by Beneliaary,together wlth the lufure monfh/y
<br /> lnsfellments ol Funds payable prior to the due dates of taxes,assessments,insu►ance premiums and ground►ents,shall exceed the
<br /> emount requlred to pay sa(d taxes.assessments,msurence premiums and ground rents es they fell due.such excess shall be.et
<br /> Tiustor S optlon,eifher prompHy repa�d to Trusto►or credrted to Trus[or against tufure monthly mstallments ol Funds.11 the amount o/
<br /> the Funds he/d by Beneliciary shell not be suHiclent fo pay iaxes,assessments,�nsurence premwms and ground rents as they lall due.
<br /> Trustor shall pay to Beneliciary any amounf necessary to meke up the del�aency wrthln thirty days from the date nohce�s meiled by
<br /> 9enellclary to T�ustor requesGng payment thereol.L�pon peyment in full o/all Indebtedness,8eneliciary shall p►omptly refund to
<br /> Trustor any Funds held by Bene!lciery.ll the Trust Property is sold under the powe�ol sale or the Trust Prope►ty�s othenwse acqwred
<br /> by Beneliclary,Benef�ciary shall apply,(mmediately pnor to fhe sele of the lrust Property or rts acqu�sitron by Benel�c�ery,any Funds
<br /> held by Benellc(ary at the 6me ol appllcafion as a credrt aga�nsf fhe /ndebtedness. ll Beneliciary executes a wntten wa�ver ot�rusfor s
<br /> obl(gallons under this paragraph 4, 7rustor covenants and agrees to pay, before fhe same becvme del�nqupnf.all taxes.assessmen�s.
<br /> � NC ii�4:YtG 1 CS.lab'iSF�l4`h'' i __
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