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<br /> '': �m�p��(� 2711 RlveY�ide Dr. . Grend I�la�.d� NE 68801
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<br /> ; r;;":.ry'<' ,= (��/�'���7c u�d II��M�Ml1.wla�m WUp tddna i1 P.Q.Bax�BT.WaAti Aiwr.t�Nbr�ka 88883.(Mretn"TrustM,°�nd��B�nMleia�l1•
<br /> ����nK'�M ..1'� •YR VAIUABLE CGNSIOBtATIOM.hrclud'r+p th�ind�bt�d�ss indinififi�d Mr�i�,and th�trost M►�in a�ot�d,th�ru�ipt of which is Iwnb�r
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<br /> � +, r��•• • ocknowbdp�d,Trusta i�voeabi�r qra�MS,tronsf�rs,camwi,and a�signn tn�Trust«, IN TRUST.1NI1H POWER Of SALE�far th�b�f'K anA
<br /> `.•��•� �ryr of e�ficiary,und�r aad subjttt b th�t�nn�aid candifia�p�af.lbia Q�d of Tnnt.th�noi p►apMy d�saib�d os foNaws�
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<br /> 1� ���:;;.:� .;o-�!'�;: Lot Sixteen (16), Coach Place Subdivieiop�� in ehe City of Grand Islend� Hall
<br /> ""' ts�,;.�� ��g..•��,� County, Nebraaka �
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<br /> - -- ------.— I4GETHER WlIH.aA rsn!s. �roF91s.roynitles. intane and other benerts deriYed fran the►eel P►ope►tY:all koses�►►s��hleo�r!�covMing thr
<br /> reol prop�AY a ony portion tMr�►oi,now or hereaftQr eKistinp or entered into,and oN �iyht, titlQ ond interest of irustor thereund�r, all in-
<br /> tQr�sts,ostot�or other cloGns,both in law and in equity,which Tn►sta now has a mo�r htreatt�r otquk�in the reaf property;oll ws�ments,
<br /> riphts-of•woy, tenaments, be�editdne�ts and appuHenances thereof ond thereto:dl oil ond qas riphts ond profits, wott►riqhts and woter '
<br /> � staki all riyht,titla ond interest of Trustor,now owned or hereofter ocquired, io and to any land lyiny within the right•of•woy of any street a
<br /> � hiqhway adioining the reol property,anY ond all buildinps, fixtures, improvements,and appu�tenances now or hereaNer eracted thereon a
<br /> � belonpinp thereto, (herein refsned to as"ImprovemenY'or"Improvements"1;and an�and oll awads mad�for the tokinp by eminent domain
<br /> • a b�ony praeeding a purchos�in lieu thereof,of the whola or any port of the�eol p►operty.
<br /> '� All of the foregoinp estote, property and intKast her�by convQyed to Trustee herein tolleCtively refwred to as ihe"Property".
<br /> ,�„� �' THIS DEEOOf TRUST SNAII SECURE:
<br /> „� . (o)TFw payment of indebttdness evidenced by Tn�stor's note of even date herewith in thQ principal sum of _
<br /> � f �• One hundred twenty thousand and no/100=_-------_------- pollars (S_.120�000.00 __ �, '
<br /> '+� together with interest at the rate or rates provided therein,(herein,together with any and oll renewals,modificotions,ond extensions thereof,
<br /> ��� referred to as the"Note")both printipal and interest on the Note beirp payable in ottordonce with the terms set forth therein, reference to '
<br /> : whith is hereby made,the linol poyment of principal and interest,if not sooner poid and if no renewols,modificotions or oxtensions me mode,
<br /> ' due ond peyoble on. _October 1, 1993 with extensions ar renewals thereof _____ __, �
<br /> (b)The performance of eah apreemQnt ond covenant of Trustor herein contained;and �
<br /> (c)The payment of any sum or sums of money with intarest thereon which may be hereoher poid or advonced under the terms of this Deed of
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<br /> Trust. ;
<br /> � (d)The poyment of ony tNure odrances necessory to protect the setwity or ony futue advance mode ot the option of the porties:ond �
<br /> (e)The performance of on obligation ol any other person nomed in this Trust Deed to o beneficiory.
<br /> '} TO PROTECT THE SECUR IlY OF THIS DfED OF TRUST,TRUSTOR HEREBY COVENANTS AND AGREES AS F011OWS: i,�, �.
<br /> 1.�ey�..�n of ni�etpd�nd un.r.n.Trusta sholl promptly pay when due the principol of and interest on the indebtedness evidenced by the �, '
<br /> Note, and all other choryes and fees os providQd in the Note,ond the principol of and ietQrest on any Future Advonces secured by this Deed of •
<br /> , . Trust.
<br /> ' } 2.1Nrrnnt�of Titb.Trustor is lowfully sei:ed and possessed of yaod ond indefeosible title ond estote to the Property hereby conve�ed and
<br /> � hos the riyhr to grant ond convey the Prope►ty; the Property is free and cl�of all liens and encumbrances except liens now of record:ond
<br /> Trustor will worrant and defend the title 10 the Property ogainst oll cloims and demonds.
<br /> 3.M�Mh�enn aad Co�pli�a wtth l�ws.Trustor sholl keep the Property in good condition and repoir and shall not commit woste or permit
<br /> • impoirment ar detariorotion of the Property omi shull camply with the provisions of any leose if this Deed o(Trust is on o leasehold.No improve-
<br /> ' ment now or hereoher erected upon the Property shall be oltered, removed or demol�shed without the prior wntten consent of Beneficiary.
<br /> , Trustor sholl tomply with all lows, ordinantes,regulotions,covenants,conditions and r�strittions afiecting the Property and not commit,suffer,
<br /> ' , or permit any act to be done in nr upon the Prope►ty in violation of any Inw,ordinanc�, repulotion,covenant,condition or restriction.Trustor
<br /> •,�h shall complett or restore promptly ond in pood workmanliko munne►any improvement on the Property whitb may bQ damoyed or destroyed and
<br /> :�. i_ . . . . _ mv.whan dua.all cloims for labor oerfomied and materiols furnished therefare and foranv nitarotions thereof.
<br /> � 4. IN�wrne�.Trustor, ot its expense,will maintain with insurors opproved by 8eneficiory, insuronce with respect to the Improvements and
<br /> ' ; . , personol property,constitutiny the Property,ayoinst loss by fire,lightning,tornado,and other perils and hozards covered by standord extended
<br /> ` �, � covQmye endorsement, in an omount equol ta ot leost one hundred percent of the full�eplocement vulue thereof ond insuronce against such
<br /> � � �,'�� other ha¢ords and in suth amounts os is tustomarily car►ied by owners or.d operotors of simular properties or as 8eneficior�moy require for its
<br /> ' �.;. prot�ction.Trustor will tomply with such other requirements as Beneficiary moy from time to time request fa the protection by insuronce of�he
<br /> ' ' ' ''' �' �. interests of the respective p4nies.All insuronce policies mointoined pursuant to this Deed of Trust sholl nome Trustor ond Beneficiary as in-
<br /> 1 ' � • �• sureds,as their respective interests mo�oppear,and provide thot there sholl be no concellotion or modificotion without no less thon 15 days
<br /> , � � prior written notification to Beneficiary.M the event any polity hereunder is not renewad on a before 15 doys prior to its expirotan dote.
<br /> Beneficiary may praure such insurance in actordance with the provisions of poragraph 1 hereof.Trustor sholl deliver to 8eneficiory the originol
<br /> policies of insurance and renewals thereof or memo capies of such policies and renewals ther�of.Failure to furnish such insurance by Trustor,or
<br /> � ' " ' renewals as roquked hereunder shoN,at the option of Beneficiary,constitute a default.
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