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<br /> � ; Deed of Trust
<br /> .. � 93� 108403
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<br /> " ' THIS DEED OF TAUST J�m�de d��._d�y0/�EF gr ,10 93t��by a�n�d bstwoen Do ald F. Mosp and Denn��
<br /> �illi�/Nr aw w more,p►erNnafta ca1Nd dM"TiwAar'7�
<br /> whose maUUp addiese Is NATIONAi. A�fR(1(:T ATTAN harelndbr cell�d the"Tivateo').whos�mdNnp addnsa li
<br /> , ' NORWESTBANK�'IEBRASICA� f NATTANAi. AlSSA .IATiAN �r//�/(�/
<br /> � � p0 Bux 176AT G=1.. NP. 6RRA9 and NOAWEST AANK�IIEHl�ASKAr �( �
<br /> . . p�llYd d1Y"Ba/KflCI��y WhOS��III/IUAQ Add/iYQa li PO Bo: 1769�_n_�_� T„�.,..a_ wrr 6RAA � �••"'.
<br /> 1 . -'7��, ��._..
<br /> , WITNESS�TH: "
<br /> � /F TH1S 60X IS CHECKED/ ►THIS DEED UF TRUST CONSTITUTES A CONSTRUCTlON �.� ��^
<br /> SECURITY AOAEEMENT UNDER THE NEBRASKA CONS�RUCTION UEN ACT AND CREATES, , .n13,��'�
<br /> • ORANTS AND CONSTITUTES A CON3TRUCTION SECUAITY INTEREST IN THB PROPERTY '���',r's�,
<br /> DESCRIQED HEREINBELOW. �:uiu;
<br /> WHEREAS. Tiusia ls Indebted to Beneflclary/n the princlpel sum ol TWO HUNDRED THOUSAND AND Na/100--------------- �
<br /> ' paisrs�s �nn nnn_nn J,wh►ch lndebtedness Is evWenced by Tiusta's pranlssory note deted�Ft embe r 2��g9�_,��/�p �.,.=-"'�
<br /> � • ' . called dre"Note"),payabte ro lhe ader o/BeneNaary�nd IwNnp e matudty ol J1Pr�� t , 199L ,
<br /> . • � • NOW, TNEAEFORE,fa the purpose of secudnp: "��
<br /> � (e1 Payment ol the Note.to8elher with lnterest►he�eon.NMa d�an9e8,PrePayment peneldes,eny luture�+dvances,and all extenrlons, ' :
<br /> modHlcatlons,substltudons and renewals thereol, ,;,'�:rti.
<br /> (b) payment ol all other sums,fees or charges,togeUrer wiM lnterest the►eon,advanced to protect dw secuiily o/dds O�d o/Ti�st and :,�,;;'�`.-y�,
<br /> qie perlormance ol Ihe covenants and agreements of Trustar,whother or not set lorth he�ein, :�,,�i��,e�:::
<br /> ` (c) pe�lonnance,dlscha►ge o!and compdance wifh every term,covenent obllgadon end agreement of Tiustor contefned hereln a �'',��";;�ti;'
<br /> �i �. . , lnco►porated by iele►ence ar any other securJtylnshument at anydme glven to aecure the Note,and �•' '��'i�
<br /> � �•��:;�:•�;�•
<br /> ,. .,., .,
<br /> � , � �. (d) the repayment oI all other sums or lufura advances,wlth lnterest fhereon,whlch may herelofore hava been or herealfer be advanced ;�:._�,,.,,-.,;;
<br /> :��; � �� . ���° '��: by BeneNclary to Tiusror or Tiustor's successa In lnterest a ade, '� �
<br /> ...-•::•.::
<br /> ' � . • all ol whJch is herelnaher collecdvely caNed 1he"Indebfedness", Trustor irrevxabty g�anis and deRSlers to Tiustee,!n duat,WITH POWER �,'',;:,��`�':
<br /> p;o ;�.ti;��
<br /> ' Of SALE,the Idbwing desodbed propeily: ;:.,;',`
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<br /> Southeast Quarter (SE}) of Sectioa Twenty (20), Townahip Ten (10) North. Range Twelve (12)
<br /> Weat of the 6th P.M.� in Hall County. Nebraska.
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<br /> � togefher wIM(I)afl 4uUdings,ewcturea,addidiona,enleigements,modi6eatl�is,�apel�,�eplacemenfs,and tmprovsmsnts rtatf or hereslte►
<br /> focated tl�ereon,(!I)all equlpment,machlnery and lixfures(lncludln8,w!►Aout 1lmltedon,all dphdnp,headn�,ventlladnp,cooqnp.alr
<br /> condldoning,spdnkllnp and plumbinp Nxtures,water end power syatems,enpines,bollera,ranges,ovsns,dlshweshers,minors and mantofs, •
<br /> carpedny,fumecos,dl bumera,ele�atas and motora,ieldpereHon planls a units,communlcadon systema,dynunos,hansfonners,elecMc�J
<br /> equlpmenf,stam and acreen wlndowe,doas,awnlnya and ahadas)now a herealfer atteched 10,or bullt In,eny Aulldlnp almprovsm�nt �
<br /> � now a hwealter/ocoled Ihereon,(lll)afl easements and dghta ol wey appuAenant theioto,pv),all leasehold esfete,Npht,dNe and/nbresf ol :ti-:,
<br /> Tiusfaln end to ellleeses,whether now a hereaRer exlstlnp a entered lnto(lncludlnp,wphouf llmlfetlon,ell ceah and secudry d�poslfa, �,':':.�
<br /> � edvance rentals and deposifs ur paymenfs o/a slmllar netu►o),perfalnlnp thereto,(v)alf renfa,Jssues,proHfa end lncane the►alro+n(aub/ect •'"'
<br /> � b fhe dgM ol trusfa to collect and apply auch rents,lsaues,prolits and/ncome as they become due and peyebla so bng aa no event ol �
<br /> � deleult exlsts he►eunder),(vl)all royaNlea,m/neral,oll and ges�fghts and proNts,weter,weter rlghts,and water afock,(vU)alllenements, -.•t.�;x
<br /> � heredltements,p►ivlleges and appuRenances belonging,used or en/oyed In connectlon therewlM,and(vill)all proceeds ol converslo►►, :;•�:t
<br /> vofuntery or InvoluMery,ol any ol the/oregdng lnto cesh or Ilquldated clelms(Includinp,wlthout Ifmltadon,proceeds o/lnsurenco and -.��
<br /> ca+demnadan awards),all ol which Is herelnafter cdlecNvely called the"Tiust Properfy". •
<br /> TO PROTECt THE SECURIIY OF TNIS OEED OF 1RUST, TRUSTOR COVENANTS AND A(3REES AS FOLLOWS: ••
<br /> • � 1. Title.Tiustor covenents,wenants and agrees with BeneNclary,its successors and assigns,that Trusfor owns fhe Tiust Properry/ree
<br /> Irom any pilor llen o►encumbrance,that thls Deed ol�iust Is and wl11 remaln e velid and enlorceable N►sf Ilen on fhe Trust Properry,
<br /> that Tiustor,at fts expense,will preserve such dUe and wlll mainfain Mls Deed of 7rust as a Brst and paramount den upon fhe Tiust . �
<br /> Properfy end wlll lorever wanant end de%nd ihe validity and p►lorlry o/fhe lfen hereol agelnst fhe clelms ol el1 pe►sons and partlos
<br /> whomsoever,Trustor,at lts expense,wlll cause th�s�eed ot Trust,and each amendment or supplement hereto,to be flled and „
<br /> recorded as a moRgage of the Trust Pioperty Jn such rnanner and in such p/ace and wlll teke such actlon as ln the opin/on ol Tiustee •
<br /> mey be requlred by any present or luture law!n order to peAect,malnfaln and protecf the Ilen ol thls Deed o/Tiusf,ss the same may �
<br /> be amended or supplemented Irom�ime to tlme. Trustor will make such IuAher assurance or assurances to peAect Us tltle to the Tiust
<br /> Prope�fy as may be required by Beneficiary. T►ustor hereby relinqulshes all rlght ol dower and homestead In and to�he Tiust Properry. _,,,�.
<br /> � 2. Payment o/Inde6tedness. Trostor shall punctually pay the pnnclpal ot and Interest on the Indebtedness secuied hereby. "
<br /> � 3. ConsWCtlon o!/mprovements.Tiusta shall comp/ete in good and wakmanlike manner any bulldings,lmpiovements a riapefrs relatlng
<br /> I thereto which may be begun on the Trust Property or contemplated by the loan avldenced by the Note secured hereby,to pey when
<br /> due all costs and Ilabilitles Incuned therelore,and not to perm�t any consbuction lion against such Trust PropeRy.ln the event
<br /> i construc8on ol buildings,improvements or repalrs are contemplated,Trustor also agrees,anythmg In fhls Deed of Tiust to the conbery �
<br /> noAvilhstandinq;(a)to promptly commence any such work and to complete the proposed Improvements promp[!y,(b)lo compfete fhe
<br /> same in acCO�dance with the plens and spec�licehons as approved by 8enefic�ary,(c)to comply with all fhe ferms ol a bullding loan
<br /> eg►eement,H any,befween Tiustor end 8enetidery,fhe ferms of wh�ch ere incorpo►ated here(n by relerence and made a pa►f horeo�, t
<br /> (d)to ellow 9enehciary to�nspect the T►ust Pioperry at all hmes during conshuction,and(e)to repface any wo►k oi mate►/ills t
<br /> unsatfsfectory fo Benel�ciery wrthin lilteen 115)days aRer wntten notrce liom Benehciary ol such lact. �
<br /> I. Funds for Peyment o/Charges.Subject to applicable lew or to a wnffen waiver by Bene/iaary.Trustor shall pay to BeneNr.lary on the '
<br /> Krst day of each month,or such ofher date each monfh as may be speal�ed by Benel�aary,unhl the Indebtedness!s peld In full,a sum ,
<br /> (hereinaRer called fhe"Funds")equal to 1•12th pl the yea�Jy faxes and assessments which may attain pnority over this Deed of Trust
<br /> end ground rents on the Trust Property,d any,plus 1�12fh of the yoad y prem�um►nstallments Jor hazard insurance,plus 1�12th ol the
<br /> yeady p►emium installments for morigage insurance,il any,all as reasonably esfimated mihally and from 6me to time by BeneNclary on
<br /> i � the besls o/assessmenfs and bUls and reasonab/e est�mates thereol. The Funds shell be held in an instilution,the depos►ts or
<br /> eccounfs ol whlch ere insured or guaranteed 6y a lederal or stete agency�ncluding Benelrciary.Beneflaary shall appl y the Funds to
<br /> � p8y S81d fBXBS,@SS@SSTBI1f5.msurance premiums env grwnci�ani�.onnviiGidry Si�dii Tiui bo.eryiii�ov'i�Naj%iiwivi ai�j%iinoivui'vT �
<br /> � eamings on fhe Funds.Beneliciary shall give fo Trusfor.wrthout charge,an annual accounting ol the Funds showing credits and
<br /> debits to fhe Funds and the purpose for which each deb�t to the Funus was mede. The Funds are pfedged as addi6onal security lor
<br /> � the Indebtedness secured by fhis Deed o/Trust. If fhe amount o�the Funds held by Beneliclary,together with the/uture monfhly
<br /> � lnsfal/ments o/Funds payable prior fo the due dafes o/faxes,assessments.insurance premr�ms and ground rents,shall exceed the
<br /> � emount requl�ed to pay said taxes,assessments,inscrance premiums and ground rents as they lall due,such excess shall be,at
<br /> ' 7rusb►'s opfion,either promptly repa�d to Trusfor o�c�edited to Trustor agamsf lutu►e monthly installmenfs ol Funds.!!the amount ol
<br /> • the Funds l�eld by Beneficiary shall not be sutliclent fo pey faxes.assessments,insurance premiums and ground renfs as they lall due. '
<br /> Trusfor shal!pay to Beneliciary any amount necessary to make up fhe deNciency within th�rty days Irom the date nohce Is melfed by
<br /> Benellclary fo Trustor requesfing paymenf the�eol.Upon payment in lull ol all Indebtedness, 8eneficiary shaH prompfly relund to
<br /> Trustor any Funds held by Benel�ciary.ll fhe 7►ust Properry is sold unde�the power of sale or the T�usf P►operty is otherw�se acqu�►ed
<br /> � , by BeneNciery, Bene►iciary sha/l apply,immediatefy pr�o►to the sale of fhe Trust Properry or its acquisition by 8enefiaary,any Funds
<br /> ' • � hefd by Sen�ficrary at tha time of aF�licaticn a�a credrt sg::�nst the fndebtedness.I►Eeneh.c!aZ�execvtec a wr�nFn wa�vpr nl T►��cMi c
<br /> obligafions unde�th�s pa►agraph 4, trustor covenants and agrees to pay,belore the same become delinquent,all taxes.assessments,
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<br /> � � � NC�71RlMtti�M�,NODrwsu��+�p .
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