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<br /> D!!D A! TRiJBT
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<br /> �f° ,"°�'�` iatottding to ar�atio a construation soaurity intoro4t in
<br /> s aacordaaco witD th� Nebrnoka Cop�truction Liett ,ilat, this DEED OF
<br /> • • � ° TRiJST io sad� aa of tho 16th day of Septembor, 1993 by aad emong
<br /> - :;�,�:"�;.."`t�. the T�cuetor, KENNE'1'g W. STI�B and ROSL M�RY STA]1B� Husbeud ent�
<br /> '��"'�' i•= �, Wi�e, whoso mniliag adds'ess �or purposes of this Daed of Trust i�
<br /> . q��'.��.'�..�', .t ` .
<br /> p. O. Hox 1866, arend island, NE 68802-1866 (herQia, �Trustor",
<br /> •�,' • f whetbex ono or taoro�• the Truatea, �REND R• BlU►CK. Attoraey at
<br /> ;'�;��:.�'� ' � Law, whoeo mailing address ie P. O. Bo�c 79Q, Gread Island,
<br /> �'�M�'.�': , ' �lE 6880a-0790 (horein "Trustee"), end tbe Beaeficiary, T8E
<br /> ��� � OVERL11t�D NATIONIIL B71NK OF aR]►ND ISI.l1ND, whose mailin,q addrses ie
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<br /> p. O. H�x 1696� araad ialand, NS 68A02-1668 (herein �Lender").
<br /> �.�1:; ¢j i . i. .
<br />�'�' ;s� ��`� � FOR VALU1�lBLE CONSIDBRIITION, including Loader�s exteasion of
<br />� , ' "�� , credit fdentified herein to REN�iETH W. STAAB and ROSE M71RY STAI►B
<br /> i�,': � (hereia "Horrower", whether one or more), aad the trust herein
<br /> •;�� ��� - - � areated, the receipt of which ie hereby acknowledqed, Tru�tor
<br /> � � �. � hereby irrevocably qrents, trrnsfers, aonveys and aseigne to
<br /> �� � •,�. Truetee, iN TRIIST, WITS POWER OF BALE, for the beaefit end secu-
<br /> ; �. . � .', �. rity of Lender, under axid eub ject ta the tenas and conditioaa
<br /> � '• � hereinafter set forth, leqally deacribed as followe:
<br /> �',� � Lot Oas (1), Block One (1), Trafalgar Square Subdivi-
<br /> eion in the Citiy of arand Island, Hall County,
<br /> Nabraskn,
<br /> ' . toqether with �nil buildinqs, improvea�ente, fixtures, streete,
<br /> - .-- - _'� , --- allsye, paeeAgeways, easementa. riqhte, privileqes and eppurte-
<br /> � '`�f����� nanaes located thereon or in anywise pertaining tberoto, end the
<br /> � .,�, ��
<br /> rents, ieaues nnd profits, reverslone aad remaiaders thereof, end
<br /> � �. . � such pereoaal property that ie attached to the improvements so as
<br /> '�`����'� to constitute a fixture, including, but not limited to, heatinq
<br /> r � � aad cooling equ3pment and together with the homestead or marital
<br /> x':• � intereste, if any, which interests are hereby released and
<br /> �;' � waived, all of which, including replacetaents and additions
<br /> '�.*� � thereto, is hereby declared to be a part of the real estate
<br /> �, secured by the lien of this Deed of Trust and all of the forego-
<br /> � , inq being referred to herein as the "Property". ,�
<br /> � Thi� Deed of Trust shall secure (a) the payment of the prin-
<br /> ; � cipal sum and interest evidenced by a Construction Line of Credit
<br /> . ' Draw Note datecl September 16, 1993, having a maturity date of ��
<br /> � ; September 5, 2003, in the original principal amount of Three Hun- :
<br /> ` dred Thoueand and No/100 Dollars ($300,000.00�, and any attd all r
<br /> ' � modificatians, estensions and renewals thereof or thereto and any "�
<br /> ' and all futuze advances and re-advances to Borrower (or any of w�'�"
<br /> ' � them if more than one) hereunder pureuant to one or more promis- r.
<br /> � ' sory notes ar credit agreements (herein called "No�e"); (b) the
<br /> � t , payment of other sums advanced by Lender to protect the security
<br /> . of the Note; (c) the performance of all covenante and aqreements
<br /> � of Trustor set forth herein; and (d) all present and future �
<br /> �� � � indebtednese and obligations of Borrower (or any of them if more
<br /> � � than one) to Lender whether direct, indirect, absolute or contin-
<br /> � � ; qent and whether arising by note, guaranty, overdraft or other-
<br /> '� � �� wise. The Nnte, this Deed of Trust and any and all other docu-
<br /> � ' � ` ments that aecure the Note or otherwise executed in connection
<br /> , . �.
<br /> , therewith, including, without limitat3on, guarantees, security
<br /> �� � agreements and assignments of leases and rents, shall be referred
<br /> ;M
<br /> to herein se the "Loan Instrwnents".
<br /> 'f TRUSTOR COVENANTS AND AQREES WITH LENDER AS FO7,LOW3:
<br /> � �
<br /> ��, 1. Pavment of Indebtedness. All inaebtedness secured
<br /> , ;{
<br /> hereby shall be paid when due.
<br /> , �i 2. T3tle. Trustor is the owner of the Property, has the
<br /> . 4 � riqht and authority to convey the Property and warrants that the
<br /> lien created hereby ie a first and prior lien on the Property,
<br /> : �.
<br /> � ;� .
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