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<br /> 99 109�8'�
<br /> TRUST DEED
<br /> `S'
<br /> THIS TRUST DEED is made this 23rd day of Seqtember , 1999 , by and between the Trustor, �j�
<br /> Donald E. Jenkins and Donnette K. Jenkins husband and wife a
<br /> ,,...__�...,--_.,.�� -�-�_ __�_ _ __ _ - .
<br /> --_.___..,...�,.._. ,�.._ _ _. ... . _ �,._._ .�----
<br /> �na�a�� •Bo«oWe�°�, Securitv Federal Savinqs, a Federal Savinqs Bank
<br /> �na�a�� °T��Stae°�, and tha Benaficiary, Securit�Federal Savings a Federal Savinas Bank
<br /> (herein "Lender").
<br /> BORROWER, In consideration ot the indebtedness herein recited and the Trust herein created, Irrevocably grants and conveys to Trustee, in trust, with the POWER
<br /> OF SALE, the following described property located in the County of Hall , State of Nebraska
<br /> LOT THIRTY-THREE (33), IN BLOCK "D", �N PAflKVIEW SUBDIVISION, LOCATED IN THE NORTHEAST QUARTER (NE1/4) OF SECTION TWENTY-NINE (29), AND THE
<br /> NORTHWEST QUARTER(NW1/4) OF SECTION TWENTY-EIGHT (28), ALL IN TOWNSHIP ELEVEN (11), NORTH OF RAN(3E NINE (9), WEST OF THE SIXTH (BTH) PRINCIPAL
<br /> MERIDIAN, HALL CAUNTY, NEBRASKA
<br /> TOOETHER with all buildings, fixtures, and improvements now or hereafter erected thereon and all rights-of-way, easements, leasehold interests rents, issues,
<br /> profits, income, tenements, hereditaments, privileges, appurtenances, royalties, and mineral, oil, gas and water rights thereunto belonging, used or enjoyed with said land
<br /> or any part thereof, all of which, including replacements and additions thereto shall be deemed to be and ramain a part of the property covered by this Trust Deed; and
<br /> all ot the foregoing together with said property are herein referred to as the "Property". Borrower further pledges and assigns to Lender all right, title and interest to
<br /> any and all monies on deposit with any city, county, public body or agency, sanitary district, gas and/or electric company, telephone company and any other body or
<br /> agency for installation ar to secure the Installation of any utilities or improvemants pertalning to the Pro erry. _
<br /> TO SECURE to Lender the repayment of indebtedness evidenced by Borrower's note dated ep em e� r , (herein
<br /> "Note") in the principal sum of $ 7�J.���.0�, with a final maturity, it not sooner paid, a} October 1st , 2�04
<br /> and as security tor any tuture advances that may be made by Lender to Borrower trom time to time and as security for the payment ot any and all other indebtedness
<br /> oi the Borrower to the Lender which may now exist or hereafter arise, all ot said sums not to exceed in the aggregate a sum equal to three times the original principal
<br /> amount of the above recited Note.
<br /> BORROWER covenants that Borrawer is lawtully seized of the Property hereby conveyed and has the right to grant and convey the Property, that the Property is
<br /> unencumbered by any mortgage, trust deed, contract to purchase, or otherwise, except for a NONE
<br /> in favor of NONE on which the unpaid balance on this date does not excaed
<br /> $ NONE . Borrower covanants to comply with all the terms and provisions ot any prior mortgage, trust deed or
<br /> contract to purchase, upon tha Proparty and to maka all payments thereon befora they bacome delinquent. H no name or amount is inserted in this paragraph, then
<br /> Borrower covenants that there are no prior lians ot any kind upon the Property. Borrower further covenants to warrant and defend the title to the Property against all
<br /> claims and demands. Borrower agrees to executa and deliver from time to time such further instruments as may be requested by Lender in form and substance
<br /> satisfactory to Lender to confirm the lien of this Trust Deed on any of the aforementioned Property.
<br /> Borrower and lendar furthar covenant and agree as tollows:
<br /> 1. Borrowar shall promptly pay when due the principal and interest on the indebtedness evidenced by the Note.
<br /> 2. At least ten days before they becoma delinquent, Borrower shall pay all taxes and special assessments levied or assassed against the Property, or any part
<br /> theraof, and all taxes, levies and assessments levied upon this Trust Deed or the debt which it secures and all payments or monetary obligations required of the owner
<br /> of the Property under any covenants, declaration, agreement, conditions or restrictions pertaining to the Property or any moditication thereof. In the event of the
<br /> passage of any law changing tha collection of such taxes or assessments so as to impair the sacurity ot this Trust Deed or the holder hareof or changing in any way
<br /> the laws tor the taxation of Trust Deads or debts secured by Trust Deeds for state and local purposes the Lender shall have the right to declare all sums secured
<br /> hereby due and payable in full as of a date to be specifiad by not less than thirty (30) days prior written notice to Borrower, providad however, that such election shall
<br /> be Ineffective if Borrower is permitted by law to pay the whole of such tax In addition to all other payments required hereunder and it prior to such specitied date does
<br /> pay such tax and agrees to pay the same when levied or assessed thereafter before delinquency.
<br /> 3. Borrower shall keep the improvements and buildings, if any, upon the Property insured, with a company or companies approved by the Lender, tor an amount
<br /> not lass Ihan the unpaid balance on the indsbtednass secured by this Trust Ueed with a standard mortgage clause with loss payable to the Lender. H the Property is
<br /> now or hereafter located In a tlood hazard area, Borrower shall, at Its expense, acqNre-and at All tilFSes maintaln tfooC'lnR1'ifl�ance on tMa-�rapxly��++��-�en-�a�neunffor�-na �-��°�°-
<br /> less than the unpaid balance on the indebtedness secured by this Trust Deed with a standard mortgage clause with loss payable to the Lender. Lender may charge
<br /> Borrower a reasonable fee tor the cost of determining whether the Property is in a flood hazard area. It raquested by Lender, the Borrower shall obtain and at all times
<br /> maintain comprehensive general public liability insurance on the Property for an amount not less than $1,000,000.00 per occurrence with an aggregata coverage ot
<br /> $2,000,000.00 and an umbrella pollcy in an amount not less than $1,000,000.00. Borrower shall deliver said policy or policies to the Lender.
<br /> In the avent of a loss, Borrowar shall give prompt notice to the insurance carrier and the Lender and file a proof of loss. If the Borrower is not otherwise in
<br /> detauN, tha Borrowar may elect to apply the insurance proceeds to repair or replace the damaged Property, it economically feasible, and the security of this Trust Deed
<br /> would not be Impaired. If the Borrower Is in detault under this Trust Deed or the Note or if Borrowar elects not to repair or replace the damaged Property or repair or
<br /> replacement would not be economically feasible or the security of this Trust Deed would�be impalred then the insurance proceeds shall be applied to the last maturing
<br /> payments due on the Note. If the insurance proceeds are In excass of the total amount secured by this Trust Deed, the excess shall be paid to the Borrower. Insurance
<br /> proceeds for repair or replacement shall be placed in escrow with the Lender and disbursed by Lender during or upon completion of such repair or replacement.
<br /> 4. Upon the request of Lender, tor the purpose of providing a fund for the payment oi taxes, special assessments and insurance premiums, Borrower shall
<br /> deposit with Lender, on the dates that payments are due on the Note, an amount equal to the taxes, assessments and insurance premiums next due (all as estimated
<br /> by the Lender, tess amounts already deposited therefor) divided by the number of payments on the Note that will become due prior to the date when such taxes,
<br /> assessments and insurance premiums will become due and payable. In addition Lender may require Borrower to make an initial escrow deposit and to maintain an
<br /> escrow cushion during the term of this loan to the extent permitted under state law or federal law or regulations applicable to federally related mortgage loans,
<br /> whichever is greater. Said funds wlll be held by the Lender in a non-interest bearing escrow account tor the purposes set forth above. If the amounts of these
<br /> deposits are not sufficlent to pay taxes, assessments and insurance premiums as they becoma due, then Borrower shall upon request, pay Lender the amount necessary
<br /> to make up the deticiency. o
<br /> F12855.LM0 (2/98) Page 1 of 3
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