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<br /> �• WfINESStTfL _ �. _
<br /> � ;�� ; iF THt3 BOX tS CHECKED E J THt5 DEED OF TRtlST CONSt1TUTES A CONSTR!!CTlON ". ;
<br /> � • ; :. SECURRYAGRE.EMENT UNDER THE NEBRASIfACONSTRUCT/ON UENACT ANQ CREATES, ��
<br /> , : . GRAMS I1NO CONSTl7UFES A CONSTRUCT/DN SECURIJYlHTERF.SF/N THE PAOPERTY
<br /> � � DESCRIBEO HERE/NBELOW. , ��
<br /> � €� i�yNEAF�T�or irrde0ted to Belrefrciary in the p�indpal sum df FOU[i Z'HOUSAND FIQE.HIIrIDBID AND KO/1�0 ----- � ' : : ',
<br /> ��' `+��u•�� whichirtdebtedrress/sevfdencedb 7rustoYs rom note�� cto er lg ���
<br /> 04W�vs.(!� i. 1. Y P --r-• - } ' �:�-_.-.� :
<br /> - -------_.�:__� calle�the"Naie l..RaYab(e to the arder o/Bene�iGaryand having a mat�riry of �c �ber 7.���" -- --- - _ _.= ��:
<br /> NOW.THF.RF.FOR�torthepuryoseofsecudng � _ � --�--
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<br /> _ �; (�1�R�Y1�q�p/the Not9,together withlnterestdrerean,late charS�•PBFaY►►i�Pe►r�.�Y frthlre adyances,and a/t exter►sforrs, , -�i.
<br /> . i rntld��ons,arr6stiO�0iarrs and renewalsther+ao� � ;' '�`:
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<br /> £; (�),pay,�rs�iFdalf other srRr�S,lees a charges.togetlrer wiM interest thereon,a0vanced to protect tlre securiryof this Oeed o/Trusi arrd E .... �� �
<br /> . .�.: t11d�Ilnance ol,dte covenants and agreements ot Tiustor.whether a not set brth hsrein, ° . , �'
<br /> i��: fof�Parfi�mp►x:a.drsarrarge of and compliance witH every term,covena�o4�19ati�on arrd agreementolTiusiorcorrtaTned her�ln ar `..� >
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<br /> - !;: fn�p►ppi�e a f b Y re fere��ce a any o t h e�seca r i t y l ns tr um e M a t a r ry t ima g h ren t o secure t h e J Y o m,a n d... �.
<br /> . .:;' (p�,thp e+�p�iment ot aAdAer sums a futuie eWances.witA interest tAereon,whtch may hereto(ore have beeir�r�ie►eafterbe advanced � ; ' ' • �,��'`
<br /> : ._ ; �z' • bl!Ber►p�iCJary to ttuslG�aTiustor's successorinlnterest�btle. . • • ; :'
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<br /> :-:---_.-�`:-� � a;:•+si,�lscJtdsll�ereir�eftercopectiverycaHeathe"Indebtedness':TiustorJrrevocaby grants and danslers to TrustQR:Irrt�us�W1TH POWEA [`_�. -.-.----- _i.=.
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<br /> �. West Forty-Four (44) feet of Lot Z�io (2), Block Thirty-Sevea (37), ( � � '�
<br /> : �r` Oti$it�al Tc�t�n� now Cit of G�and Isl.aud, flall Couptp, Pabraska % , '' �
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<br /> ,` t• ta$8th8r wfttl;!I�all bui/dings,sdyctures.BddiL�ons,e»largements,mod'fiaations,repairs,replacemeats,and Improvements now or hereafler � `
<br /> lo�cat�0�h8s�osr;�'rj ail equipma�L machlnary and I'i�cdues pncfvding.without.Gmitation.a!1�ghting,heaSn�,ventilatlng,cooting.air . _ ,. t�: •
<br /> � comd�G+onfng,.sprr.F��g and plumbing fixiu�es,water and power systems,engirres,boifers,ianges ovens,dishwasheis,mfmors and mantels, � (
<br /> carpots�g,furrt�rw.c�t t►lr=re�.e/evators and motors,iehigeration planis or units,communlcation systems,dynamos,dansforme�s,e/ecbicaf �` '`
<br /> ';:, ec�}iiprr�er►t,storrt�:.���,�r ur'a�dows,0aors,awnings and shades)now o�AerealteraKached to,ar b�ilt in,any buil0ing a fmprovement L, _
<br /> naw.aa h8realf�fC.2:e��:ececrr j/i1)aJl easements and righis ot vray appurtenant ihe�&to,('rv),afl/easeho/d estate,dgh�title and lnterest of � j�: -
<br /> • Tiatt�r In.�nd to�:��ses,�+rEG"°�aow af ttereafte�9xisting oi enfered int,o Cncluding,without OmftaL�an,a/I cash snd secariry deposifs, � _ � ��
<br /> ' ;' - aclvanca renta/s a�d depasits o�paymer,ts�Ca simila�nature),peRaiMng Urereto.(v)aD rents,Issues,profits snd income the�efram(subJect "
<br /> '�� � tp thp dght of Tiustor to coNect arrd npply��cch rents,issues,prorts and lncome as they become due snd payable so/ong as no event of !'
<br /> ,' dofault ezists he�eunder),(vi)a!I royalties,mineral,oi/and gas rights and prnfits,water,water rights,and water stock,(vli)a!1 tenements, .
<br /> ��' ha�edi�vn�ma,pdvileges and appLrtenances be/onging,usea or enJoyed/n connecGon therewkh,and(vili)alt p�oceeds ol conversion, �,
<br /> v,�funL�y or involuntary,of any ol the loregoing Into cash or Iiquidated clalms(lncluding,w�ihout limitadon.proceeds o1 insurance and :;�
<br /> � (F. o0ntlamnaUan awa�ds).aU ot whtch Is heretnafter cotlecUvety called the"Tiust Pmperty". ,,'
<br /> TO AROTECT THE SECURf lY OF THlS OEED OF TRUST,TRUSTOR COVENANTS AND AGREES AS FOLLOWS: , ;:
<br /> �` f. T![.'B.Jrustor wvenants,wanants e�rd agrees with Bene6ciary,its successo�s and assrgns,that Tiusfor owns the Tiust Propertyr bee
<br /> ? �f• lrom any prlo�tien a er.cumbranee,�r8t thls Deed at T�ust 1s and will remaln a v217d and entorceable fiist lierr on the Tiust Property,
<br /> ' ii�. thAt TrGSfO�at its expEr�G-:wlll preserve such tiG�arrff will malrnaln thls Qeed Qf i'rust as a�ist and paramcurrt!ren upon the Trust �,.
<br /> i, ':�� Property end will foreve�r�aaanf and de/end the valid:ry and pdorlq ol the lien t�reof agalnst the cla�ms cf El pe�sons and pardes
<br /> �;� , , whomsaevei Tiustor,�t i�expen�e,av'il caese thls Deed of Tru�a�d eacb arr.endmeni o�svpplement her���,to be filed and
<br /> ,: reco�ded as a martgage ol the Trr��r Rr,�pe►ty in sucA manner arC in such place and wil!take�uch action as!n the op/nion ol 7n,sree
<br /> 4. may be r�;ulred by any piesent or t,;r�re law in o�der to pedect,maintaln and profect the lien of tfris Deed of 7n�st,as the Same may
<br /> ;� � 6a�.'�e�d2d or supp�r,:anted fiam time fo tJme.7rostor will make such funher assurance or assurances�aQE�r.'ect its t1Ue to the�iust
<br /> F' Propertjr as may be requt�3d by 8eneliclary.Tiustor he�eby relinquishes a)1 right o1 dower and homestead rrt�nd to the Tiust Property.
<br /> • �'. 2. Paymea�rsf 1nAebiedne:.s:Trus?or aha/l punctua::y p2y the principal of and Interest on the ladebtadr►ess seCJred hereby.
<br /> ��` 3 Cons�uc�cn of/mprs��^r6Rt9.TlU3fGr S.hall Compfete m good and workmanGke manrter any bu�id�ags,improvementa a r�pairs r-�.f�g
<br /> the�et0 us�fiCh rttaybe!leyun On tt,e Ti2rsf P�operty o�contemplated by�heloan evidenced by the Nofe seCUred hereDy.toQ���en
<br /> due slt cwts and�iats.ti;'es IncurrEd n-�refas,and'nat to pennit ary constructfonlien against such Trust Praperty.In the�vErz
<br /> ' consWcfian ol b�iJQ�rg��,Jmprover�nts a�epal�s are contemp;atFd,Trustor also agrees,anything fi thls Deed of 7rust to the can:rary
<br /> notwJthsta�dtng;(a)to pvqmptly commence an y suCh wo�k and io complete the proposed lmprovements pmm�::y,(b)to complefe ihe
<br /> � � � seme ln aCCadance�w,th!he pt2ns and speci/ications as approved by Beneliciary.(C)to comply with a11 the cerrns of a building loan
<br /> agreeme.^.1,1f any,betwaen Trus,ar ar,d Benehclary,the terms ot w!�:rch a�e incorForated hereln by reference and ma(!e a p�rt hereol,
<br /> (d)fo alfaH Benellciary to lnspeCi the trust Pioperry at ell times dur.ng conshuc6on,and(e)to replace any work o�matenWs
<br /> . ' unsatlslactory to Benellciary withrn!ikeen(15)days alter wrtnen notice Irom Benelicia.ryof such fect •
<br /> 4, Funds lo�payment ot Charges.SubJect to apphcab�e aw o�to a w�uten waiver b;�8enebc�ary, Trustorsha!►�a;�ta Benefir�ary on the
<br /> , flrst day ol each montd,or such other date each rr,cr,th as may be specd�ed by Ber��,'iciary.until the/ndeCteQress is pe�d!n lull,a sum
<br /> `% ' • (heielrtafter caBed the"Funds")eqaa�to 1 r12th ot;t,e yea�ly taxes and assessmFr,r;which may atta/n prfcr y c✓e�thls Deed ol Tius�
<br /> � ' and ground rents un the 1rus1 f+roperry,N a�y,plus 1�12th of the year/y prem�um�nsialfinents(or hazord 1ns�Tance,plus t�12:h af the
<br /> yea�Jy premium insta/lments for moRgage Insaiance.if any,al/as reasonabty estimated.�n�t�ally and Irom time to time by BenE`•�lary on
<br /> - the basrs ol assessments and bills and reasonable eshmates thereof. 7he Funds sltafl be held rn an mst�tution:the deposits cr
<br /> accounts of whlCh a�e Insured o�gua�anteed by a ledeial o�state agency includmg Benel�ciary.Benel�crary shalf apply ihe Funds to
<br /> * � pay selr!taxes,assessrrrents,lnsu�ance premiums and ground rents.Benel�crary sha11 not be required to pay Tiusto�any interest o�
<br /> eamings on fhg Furtd9.Benehciary shal/g,vo to Tiustar,wilho�t charge,an annual account,ng ol the Funds shawirtg c�edits and
<br /> ' debil8 to the Funds and the purpose for which each debrt to the Funds was made. The Funds a�e pledged as addiGortal secuary loi
<br /> � fhp ln�ebtednegs sec�►ed by ih/s Oeed ot tiust 1/ths amaanf ol the Funds held by Benef,c�ary,togefher with the lutwo monthly
<br /> •! f installments of Funds payable piioi to the due dates o!taxes,assessments,msurance p�emiums and g�ound ients.shaU exceed the
<br /> '� � amount requUed to pay sald taxes,assessmBnts,insu�anae p�emiums artd ground rgnts as they fa/l due.such excess snal.►bQ.s!
<br /> ' � Trustor's option,eilhar promptly�epa/d to Trustor a creditad to Trustor against lutuie monthly insta/lments ol Funds.N the amoun!ol
<br /> �i � the funds held by Beneficlary shall nof be suNiclent lo pey taxes,assessments,insurance premiums and ground renfs as they/a�l due.
<br /> "� ' TiustOrsh8ll pay to�eneticlary any amount neCessary to make up the delrclertcy within thrrfy days trom the date aatice/s ma�led by
<br />_ :S ' i B�r:aliC;ary ta Trustar requs�ting payment thereof.Upon paymant�n lu/l ot all Indebtedness,Benef�ciary shal/nfompUy�elund ta
<br /> TiustCtany Funds held by BeneflClary.!!the Trust P�Operty rs sold unde►fhe power ol sale ot the 7rust PiopeAy�s otherw�se acquried
<br /> �-` �� �� � by B@reliclary,�enef�ciary shaU app/y,immediately prlor to the sa/e of tha Trust PropeRy or its acqmsihon by Benehc�ary,any Funds
<br /> r ; � held by BBneliCt�ry af the U1Ptg af eppliCaGOn as a Credi,•8g8mst ihe/ndebiedness_If BeneGc�ary executes a uvr�Sen wa,ve�of TrusFar s
<br /> ob!ig�atians underllNS pa�ag�aph 4.Tiustar covenants and ugrees to pay,before tlle same become delrnquent.all t�xes,asspssrtrenls.
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