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<br /> , Deed of Trus�
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<br /> �� I aMws �3� 10���
<br /> ► � THI DEE OF TRUST li mad�th�+ 9 d�y ol g�Dt��b�r . �p 93,br�nd betwan Virginia l�t. Hick�y �
<br /> ; 'y; ., whefher ans a mon,(h�nlndtn calNd fM"Tnuoa'�,
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<br /> wha�mN1Up�ddnia • �na V� a� o � (hsnlnaflpr cyIsd�� 'Tar�te�"� ha�malNnp�ddnaa N
<br /> • •j�`�' NORWEST BANK
<br /> �•.x.ti -•�,. ```�` ?�2 W_ Third. Grnnd_Island. N6 ,andNORWESTBANK Ne raska�,.NationRl_Associfit�on ,�/��Mq�
<br /> .��{h:i.�• . .,�:��' odMd fM"B�Mdary')�wNo��malNnp addnta W 2�2 � T`'...'' ""...a i.l nnd_ NF 68801
<br /> �ti��t*:��
<br /> �,,„ , . �+ WITNESSETH.•
<br /> (��.. ,�i . �'F'
<br /> '�' ' r• •• ��-�'i IF THIS BOX IS CH8CKE0/ X J TN/S OBEO OF TRUST CONST/TUTES A CONSTRUCTI�N
<br /> .�,�s..:�;:�.•e,�;P 3ECURIlY AC�iRFEMFNt UNOBR THE NEBAASI(A CONSTAUCTION LIEN ACT AND CREATES,
<br /> � ° �RANTS AND CONSTITUTfS A CONSTRUCTION SECURITY INTEREST IN THE PROPERIY
<br />°'°'- ' -'•• - DFSCR/BED NER�fN9fsLOW
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<br /> �;��: ,� ; � WHEREAS,Trustals lndebted lo Beneflclery!n the pdncipel sum o! S�� ONE THOUSAND 3IX HUNDRED AND NO/100 ---
<br />;:;�;,: : T pa�a►s�s,6�.l,nn_nn �,whlcb I�debtedness!a evidenced by Trusta's prom!$sory note��ted�i���IDb�L2� 1D�,(herelnahsr
<br /> �•': - • . • +• called fM"Note'),peyeb!$ro the ader or Bene/lclery end hevinp e matuNfy ol •ianuas�► .
<br /> ^.,` � ���0?i"` NOW,THEREFOR�,14r the purpose ol seaudng:
<br />;. �' .. , (N WYment o/tha Abb.to9ether wiqr interest thereon�late cha►pea�ProPeY�►►enf penaf►les.eny lufure advenaes,and all extenabn�.
<br /> " modllkadons,subsdfudons and renewa/a thereol,
<br /> �. '. � , , ��; (b) peymant o1 all other suma,Iqas or charges,rogether wlth Interest thereon,advenced ro protect the securRy o�thla Dsed ol Tiusf and
<br /> Ihe perfom�ance o/the covenente and agreemenfa ol Tivator,whefher or nof set Iwth hereln,
<br /> " (c) peAamance,dlscharge ol end compllunae wllh evary tem►,covenent,obllgsHon and agreement ol Tivafw contelned heroln a
<br /> • . lncorporated by na/e►ence a any other secudfy lnahumenf et enydma gNen to secure the Note,and
<br /> �' (d) the repayment o/al!othe�auma a lutuie advences,wllh lnterest thereoe,whlah may hererolore have been a herealfer be advenced
<br /> ~ • by BeneBclary fo�iusro►a Austw's suocessa!n lnterest or BNe,
<br /> '"'�� ell ol w!►!Ch 18 he►elneltel colfecdvelp callet!the"Mdebtedness", Tivata lrrevacabJy pranls and tranalera to Tiustee,!n trust WITH POWER
<br /> `:'';�i �.. ~ •� OF SALE.fhe lollowing descdbed prap�rt�rr:
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<br /> • � ' '`'<: LOT Ti1�'NTX OH� (21) 11�iD LOT TWENTY TG10 (22)� IN ARGO THIRD :
<br /> � � ' "��" SUBDIVISIQD�, VILIAG� OF ALDA, HAI.L COUNTY� NEBRASKA �
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<br /> •� ''-� togetho►wifh(I)all lwlldinss,structures, addidons,enfargements,modlNcaHons,repalre,replscements,end lmprcvements now or heiealfer
<br /> � ' located dhereon,(!1)all equipme�►t,machlnery end tlrtures(Including,wlthout limrtatian,ell llghtlng,heating,ventilaNng,cooling,eir
<br /> t ���'� condidoMng,spdnkling and plumbing tl�ctures,water and power syetems,englnes,bolfers,ranges,ovens,dishwashers,minors end mantels,
<br /> ' ••'� carpetlng,lumaces,oll bumers,elevarors and motors,reMgeratlon p/ants or units,communlcetion systems,dynamos,translormers,elect»cal
<br /> � �.� �� equipment,sto►m and screen windows,doors,awnings and shades)now or herealter altached M.or built in,any bulld/ng a Impiovement �'
<br /> now or hereaher Ixated thereon,(!!iJ all easements and rlghts o/way appurtenant fheretq,(�v),a/l feasehold estete,rlght,title and lnteiest ol '
<br /> Tiusta In and to all feases,whether now or herea/te►exlsNng a entered lrtto(lncluding,without IimlfaGion,all cash and security deposlts,
<br /> a . � edvence renta/s and deposits or paymenla o/e elm!!ar nature),pertaining thereto,(v)all renfs,lssues,prollts and income fherelrom(subJect �f'� '
<br /> . ro the dght of Tiustor to collect and apply auch.renta,Issues,prolifs snd lnaome as they become due and payabfe so long as no event of
<br /> de/ault exlsfs heieunder),(vQ all royallles,minerel,oll and gas�lghts and proBfa, water,water dghts,end wate►stxk,(vU)all tenements, �
<br /> f�;' hereditaments,prfvileges and eppuitenanaea 6efangJng,used o�enjoyed!n connecflon therewBh,and(vlil)aHproceeds ot converslon,
<br /> •{� � voluntery or/nvoluntary,ol eny of the fore poing!nm cash•or liquideted clalma(Including, without llmpadon,proceeds o�Jnsurance and
<br /> , � condemnadon awarda),all ol whlch la here(naAer coltactively caJlad the"Tiust Property".
<br /> � TO PROTECT THH SECURITY OF THIS D�ED QR T1RIJST,TRUSTOF COVENANTS AND AQREES AS FOLLOWS:
<br /> 1. TJtle.Tiustor covenants,wenants and agmea with•Benelfclary,(fs successors and asaigns, that Ti�atorowns the Truaf Pioperry lree
<br /> . lrom any pdor IJen or encumb►ance,H�at thls Ooed ol Tivat Is and wlll�emein a valid end enlo►ceable first llen on the Trust Properly, �
<br /> � � • that Tiustor,atlts expense,will preserve such litle and w�!!maintain thls Deed of Tivat as a llrst snd paiemount Ilen upon►he Tiusf �;.:
<br /> ' �+ Pioperty end wlll foieve►warrant and defend the vel/dlfN and pnonry of fhe lien hereof against the claims o/all peisons and partlea ; .
<br /> whomsoeve►. Tiustor,et its expense,wl11 Cause fhis Deed ol Trusf,and each emendment or supplement hereto,to be lfled and ` �
<br /> ' recaded as a martyage of the Truat Property!n such menner and in auch place and wlll teke such actlon as!n the opinlon ol Trvsiee ;
<br /> may be►equl►ed by eny present or lutu►e l�w in orde�to perlect,molnfain and protect the Ilen of thls Deed ol Tiust,as the same may ;
<br /> ' be amended or supplemented Irom flme to tlme.Trustor wlll meke such/u►ther assurance or assurances to pedect Its HHe to fhe Tiust �
<br /> P�+uperry as may be requl�ed by Benelic►ary.Truslor hereby rellnqulshes all righf ol dawer and homestead!n end to the Trust Prope�ty. l
<br /> ' 2. Payment o/lndebtedness.Trusror shalf punctually pay the pdnclpal of and lnterest on the Indebtedness secu►ed hereby.
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<br /> 3. Consbuctlon of Improvemer+is. Trustor shaR complete In gaod end workmanlrke menner any buildings,lmprovements or repaiis reladng ,
<br /> fhereto whlch may be begun on the Trust P�operry or contemplated by the ban evidenced by the Nofe secu►ed hereby,to pay when ,
<br /> �� � ' due all costs and liab!!lBes lncu►red thorefore,end nof to pe�mit any construchon lien agamst such Trust Property.In the event
<br /> i�!� • conshuCkon ol buJldings,lmprovementa or repal�s are contemplated. Trustor also agrees,enything/n this Deed ol liust to the contiary
<br /> , notwlthstanding;(a)to prompNy commence eny such work and to camp/ete the proposed improvements promptly,(b)to compfete the
<br /> , , � same!n ecco►dance wlth Ihe plans and spec�licahons as app►oved by Bene6clary.(c)to compty wifh all fhe terms of a building foan �
<br /> �� . egreement,il any,behveen�sustor end Beneliclary,the terms of wh�ch s�e Mcorporated hereln by reterence end made a part hereol,
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<br /> (d)M effow BeneNciary to lnspect the Trust Property at all times dunng construction,and(e1 fo repl�ce any work a metenefs
<br /> , unsatlslectory fo 9eneliclery wrthin�iReen(18)days aNer w�inen no►rce Irom Beneliciery ol such fact.
<br /> . � � 4. Funds fa Payment ol Cha�ges.Sub/ect to applrceble law o►to a written wa�ver by 9enehc�ery, Trustoi shall pay to Beneli�iary on fhe
<br /> - '� first day ot each monlh,or such other date each month as may be specilied by 8eneficiary, until the Indebtedness is pafd in lull,a sum ,
<br /> � ., . (herelnelter called the"Funds")equal to 1�12th of the yearly taxes and assessmenrs whiCh mey attain prioriry ove►this Daed o!7rust
<br /> end ground ren(s on the Trusr Properry,il any,plus 1 12th of fhe yeaHy prem�um�nstallrnents lor haterd fnsurance,plus 1�12th o/fhe •
<br /> i yearty premlum installments lor mortgege/nsurance,i!any,all as reasonably esUmated lmGelly end Irom hme to time by Beneficiery on
<br /> .F' fhe basls o/essessments and bll/s and reasonable esfimates thereol. The Funds shell be held in an►nshfut�on,the deposits or •
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<br /> �_.._. .w.w.wb.J u.hlrh nne ine.�.a�i iv���sian/mA hu n/a�u►nl ni e�n►n anannv innliul(nn Aonelininrv linnof�rinrv eha/l annlu Ihd F��nNe tn '
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<br /> � ^ pay sald taxes,assessments,insurance prem(ums and ground rents.Beneficlary shall not be requlred fo pay T�ustor any interest or
<br /> �� eamings on the Funds.8ene/iclary sh911 give fo Tiustor,without charge,an annual accounting o/the Funds showfng credi�s and
<br /> t deblts to the Funds and the purpose for whlch each debit to fhe Funds was made. The Funds are pledged as additronaf secunry lor
<br /> . L ��, the Indebtedness secu►ed by fhls Deed of Tiust.11 fho amount of Me Funds held by Beneliciary, together wilh fhe lufure monthly
<br /> i� (nstallments o/Funds peyable pdor to the due dafes of texes,assessments,Insurance premiums and ground renfs,shall exceed the
<br /> ,� � i . emount►equlred to pay safd taxes.assessments,insurnnce pr+emiums and ground rents es they lalf due.such excess sha/l be,at
<br /> � Tiusfa's opdun,elther prompNy repa�d fo Tiusto�or c►edded ta Trustor against luture monthly installmenfs ol Funds. !!fhe amount of
<br /> �, fhg Funds held by 8eneliclary shall nof be suNic(ent to pay texes,assessments,insurence premrums and ground rents as they lall due,
<br /> 1 � Trusta shalt pay fo Bene/�c(ary any emount necessery to make up the del�clency wnhln thlrty days from fhe date nohce�s marfed by
<br /> ' Benelklary b Tiustor requestlnQ payment thereoL Upon payment In lull ot all lndebtedness.Benef�c�ery shall promptly refund to
<br /> ' , Tiustor any Funds held by Beneficlary.ll the Trust Property ls sofd under the power of sale or the Trust Property�s othe►w�se acqu�red
<br /> by Beneliclery,Benelic(ary shell apply,lmmedfetefy pna ro fhe sefe o/the Trust Properiy or rts acqmsihon by Benel�ciary.any Funds
<br /> ` held by Beneliciery at the Gme ol epplrcahon ec a cred�t ega(nst the Indebtedness.If 8enehc�ary execufes a wntten wa�ve�ot�rustor's
<br /> � oG!lya0ons under this paragraph 4,Trustor covenants and agrees to pay. belore the same became det�nquen�,alf�axes.assessmenfs.
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