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<br /> — "_ ��tl�"�ry"j,wlros�maF�g�fs. 202�T�isd $.=re_ea Gra d Istan� Aebr� 6�801 ___ ____
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<br /> , SECt/qmrAGpEEAIENT tJNDfATME NE�A�^KACONSTR�FAN UENACT AND CREATES� ��,.,�,_--
<br /> � - GRJIMSANQCONSTlfUTES/RCQNSTRt/QT/QNSECURtF�711tT+�ESTlNTHEPROPQiTY - _ _
<br /> - : • �ESCAIBEL?HEREINBF.tOW.' : - °---
<br /> � ` ,' TR�� DxTiNE TBOIIS/�PD ANA N0/�00 -_=
<br /> '- WHEREAS t l�sind�bNdaB�sliclary►6►tlf�Prir�pt�mot 6_-�--
<br /> � :<. . �'`. ' O�d�rs(t-� �. l,wNchlndabadnasisavtdenol�tbY,•Tius(orsp�rnd�alalyd�I���1Z.t991_.(l�n�rrMw _ _ _._
<br /> , ?�v:.r>s: � caNd�!►�°Na(�'7.prya0ltbth�orderdBs�nslkiaryend(��k+g,amaturil�'d'���aber 13, 992 . - - _ .
<br /> ` � 11tOW,THEAEFOA�lfotthe/xxpos�o�a/CUnfr� , � ; -
<br />' +�'�� !a}p�yntuKO/dreAbl�tn�sthrrwitlik�x�tAeraortil�sctrargas.Pnl�Y�?��'0�►�•�►Y1�rRS+sadYanc�s.andaNexM►stor�t, � -�� _=.�-,`_
<br /> � ` '�':', ` ���������• r �r�ad Uts securly ol fNS Osed oFTrust ar►d .- _� �
<br /> • _ � �- !d1 wr►�er�taalloa�er . cMrges.tng�thse�r ne«escn�.aa�. �w� . ;.:�
<br /> � `':' • EhIp�1lfoflAillG�ddJ�C0YNw/ts8lid8Q►se(11el1tSOtr�Rlt1'tJI'.N/MHIleC�[lfO�SM.1f0111JNSfe/Il, _ - .
<br />' �� , ,� dand witlreveiy,fam:CavenaA��►+rrda9roa+►ranta4TNStnrcontatnedhereinor ' "'�':
<br /> � :; I ° •`-�°', '`• (cj�.�saranyotl�er�InsbtriientatanYW+�s�RC�essecursff[slYu(s.arM ` �
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<br /> . ...� � • �e. ;,.',:y"•'..f'; �w� ��y��`�.+ �/�r� .
<br />' _ (1�!'" tF F � , w��y�• I/AO�NVI�,�IV�M,�PS�/`w.��. Y�i• _,
<br /> (�l)-Ms aepaymi�!itafal at�br.aums atuarre advarwes,w�fhtntsrest t�er�rro. ►+aY
<br /> . �F ��,` t r,:. tnTiwlo��Tiustor'ssuccessac6rlrieAimttor�•tiNe� �. � :
<br /> • .r���'f ;� ��� .�.�.. eflo6r�tch/s henlnafCa►cdlectivetYca�ed the;���';Tiusiortmsaracab(y�'�t`d Aar►sk�s to Tiustee.fA Ws�WtTH POWER '� ' •;; �'To
<br /> �','' .� ;.. ,�: � OF SAI�fhe followle9 dascdbea pr+opeRy:. :.. . . �.. • .� . _
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<br /> ..'r=' :. ` ..�,. ;;;,,. _.? A tract of lau�ca�a�rf'sirig all o£ �'vt Etne (1), R'�`�$Second . .
<br /> rr, , �,tif��;':;'. - . Subdivision, C�tg c�fr Grand'Islau�, �t�ebsaska , � • 4;:�:, . °M.,:�
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<br /> . �`;`j.`:;��•�; tagQther wifh()aAl dtrftaYnqs swctuies.addl�ia^�enlargerne�nis,mad'�Rca6i�i+�repa�rs,replacemer.��lmprovemenls raw orheree.�ter r;.�,
<br /> . � ' i?::<'.: • venoladng.cooAin9.eb' � ' ;:�Px.
<br /> • , ' . . ''�:i+.Z,' �:.° ' k�CCa�94 fhason.�aV�equlpr►ren�machlnery��'F,�iures(,qdudtng,wilht�llinrta6on,alf lighfing.AeaG?�', . .:•�.�.
<br /> c�fi�4Xrn9,8P►Inid�'rrg and plumWng t�xAxa�s��.'°a and�c �systenr�;r�rglnes,bdlers.ranges:averts;dlshwasAers.m/rrors and rrrr,ntNs.
<br /> • . . �6�g.hwnecss.a!bumers.efevators and etxribra.reln�an plantsoc crnits Canmunkatlon sys(ems.dYnamos.Uanslformers,electrkal . ' ';�.
<br /> • equlpr�sto►m and screea windows.door��ewnin9s arr�srra�es)no�ra�+eneaiteramached to,or bu�lt tn,erry butldrng or rmprovenMe�t
<br /> ' nowW AereaRerlecated theieor►,('ili}all ease�rrents and rig,h�of wep eppur�rtant thereto.1�1.ail ieaselrotd estato r1gh�title and rnterest ol. �';.�,� � - ,,< �
<br /> ._ � Tnutorin and to aN/eases.whether now or I�rea'isr e�oisknga eme►ed 1nA�C���B'.��Iimi�aGon,a!1 cash and securffy deposils. :, ,• ,�' •' �
<br /> ` adrrsnce rentals and deposits apaymer�s afas':nllarnature).pertalntrrg�►.eret�(v)all rents,�ssues.P�a�'rts and�ncame tnerelram(subject �' ,.,,': ,�,
<br /> � 'i o t h a d g h t o i T r u s t a t o c d l e c t a n d a p p y s u e h r e�r s,l s s u e s�p r o f i t s a n�i n a a m.e a s t h e y b e c o m e du e a n d p a yable so lon g as no event of
<br /> � . de/auft exlsts hereunde�.(vl)ail royaldes.mine�al,dl and g�s dghls and pr�fits,water,water rtghts.and water stoCk,(vi!)aIl tenemenfs. . • ; F
<br /> /bred'damenis,pr3vileges and appuR�nanCes be/ongtng.used or enjeyedirscannectlon�:'h.and(viii)all proceeds o/com�erslw►, `��;;, ` � . . .
<br /> • . vq f u r r taryr a ln v o l u n t a ry.o f a ny o f t h e f 6 r e g rn'r r��n i�i c a s h o r.l l q u l d a/e d e r a h n r s C n c l u d J n Q,w��.x 4 l l m J t a t l�o n.P r o c e e d s o!lnsmance and '. , -
<br /> ' <.;:; port�emnaUan 8war�l.all ol whlch Is he "r�rat:Er coNectively Called th�"Tr:Qte Property'. !- ,
<br /> ' ' "�`�'��� ..�QFR0IECTTHESECUR/TYOFTHlS13'FEDOflRUST TRUSTOb�CA'!�h`ANTSANDAOREESR�FQlLOWS: i -
<br /> , .,:_•: ' ' ::_ � +'::x�'r,�'.'';';�. : ._ �.
<br /> :r•, :• : . . ;a,�:,I;,:;, �'� �Ide.7lustor cavenants.wanants and agrees with 6eneNciary,if�si�cc�sars ar:d asstgns,th^�t Frc�cxn�ttre Trast Pr+ap�fjFrr�e { ,. ,
<br /> ,' ' •;:,,<f�,y• c�.: �:,.;.�F14r� , lrom any pria Jten or encrnnbrance,that tAis Oeed of,Trust 1s art�w�11'r-,r:alh a velid a�d entorCC�✓�a E'r-.xr�e�s cr�r�e Trust PrvPeRy, ' , .
<br /> � � : �-��<<��r�'��.�t,''.;•`,,��., . , �Ty�an�dw�IHor�er+��iantranddefendt e/v��iTy�aadD��ot�enr��a��aiams�a,�ons�and� kr:`� .. �
<br /> , , ,,JA� �^ `. �.t�.. :, �� �4•1'
<br /> ,;.%c.�,.. • ,,,.;,� whomsoever.Tiusta,a[itsexpense,w��causethlsDeedof'fius�andeachameer�Lr.rar�r����enthereto,tobellledand ��,;;
<br /> , �;�•l��f�.;� . ••��`�� ` recorded as a mo►tgage ot tAe Tiusr Pro�re►ry In suCh mannee and rrr sueh placa and wfll take such achon as In the opinlon o/Tn�stee ;, .
<br /> � ,rr��;��,�, • may be requlred by ar►y presenf or Pur°.r.e�aw ln ord�r to pedeCR malntaln and protect the lierr ct uyts Oeed ol TrusR as Ure same may ��'..,. • �
<br /> � �� ' �- be amended or supplemenfed from II:zrg to dme.Ttistor w111makesuch furtherassu�ance a assurances to pedeCt Ua Gtle to the Tivaf • -
<br /> � (;,t:i'�e`?�. . � .
<br /> -� i;�;;�f�`�;' ' •• • _ . Property as may be requl�ed by 6ene�clary.trusior hereby relin ulshes all dght oi�ower an4 homestead In and to the Tiust Pmperty. �i
<br /> q i.;:;�
<br /> ' • � •' 2, Payment ot IndeDtedness.Tiasta sha�punctually�jay the pdnciDafQt and�nteiest an the IndECr�iness secu�ed hereby. !'° �
<br /> . '`!;;;:,_ • 3 C,a�sbuc�aoflmprovements.TiustorsF�a;lCCmplet9ingoodandwt�rktr'anlikemanneranybu;l�r,�.lmprovementsarepal►srtla4'�g � '� � � , ,
<br /> • '..�',::�_
<br /> • �;;;���f;-: dtereto wfach may be begun on the Trr,st Prope�ty or contemplat&�Gg the lnan evidenced by t�e rx7te secured hereby,to pay wtr�r► ' : .
<br /> ' ' ''�"`•.` d�e aNCasts and UebilfUes incuned there.`ore.and r►ot to permlt anycanstrucUon llen against sueP:Tiust Prope�ty.!n the everrt •
<br /> �. constr,ucL'on o/bulldings,lmprovements o�repars�re contemplated,lrustor also ag�ees,anyfhing!n thJs Deed ol Tiast to tlre carra~�dry •
<br /> ' • notwlthstanding;(a)to pranptty commertee any svch work and tocompfete the proposed Impravements pramFLy,(b)to com�slet�tlre , ;
<br /> � �:;,;.;� . same!n accadance with the plans and sFreci6cations as approveC Dy Bene/IClary.(c)to camply w�h ail the terms of a baildla�fa2n
<br /> agreement Il any,between 7�usta an��enefictary,the torms of whlch are/nco►poreted hereln tsy r��ence and made a part hereol.
<br /> � � � (d)to albw 8eneficlary to Inspect the Tivst Piopetry at ellY�mes du6ng conshuCtion,and(e)to rels!�x3 any wo�k or mateNals .
<br /> � unseUslactory to BenelicJary within filteen(15)days aite�•wiitten nohco lrom 6eneflc�ary of sucn fact • �
<br /> • � 1, Fands lor Paymen!of Chalges.Su6JeCt to applicabfe!aw or to a wntten walver by Beneficiary,Tiustor shalt pay to Beneflelary on the �
<br /> " • • Nist dey ol each month,orsuCh other date each month es may bespeCilled by Beneflcl8ry,undl the Indebtedness is paid In fuJl,a sum ,
<br /> � ' (herNnatter ca1led the"funds'7 equal to f�121h d!th�yee�ly taxes and assessments whlch ntay attaln pilairy over thls�eed o/Tiust
<br /> � � ' and ground rents on the trust PropeRy,if any,ptws 1�t2th of the yearly p�emtum Instellments fOr ha=ard Insurance,plus 1�12th oJ the . •
<br /> ' � yeaily puemluminstdltments/or moAgage insuran.e,it any,all as reasortuhly esUm�fed lnlUally and/rom lime to time by Benefic�ary on • ,
<br /> � fhe basls ol assessments and bills and reasonabt�est,rrtates thereof The F�nds shaD be hald!n an/nsbtut,on,the deposits o� . . �
<br /> � ' pccaunCs of whlch erie Insured or guarantoed by a 1�dDial o�stateagency lnciuding Benetlaary.Benelic�ary sHall apply tde Funds to'
<br /> � pay sald taxes,assessments.�nsu�ance premlums antf g�ound renfs. BenellcJUry shalJ nat be requ�►ed to pay riusfor any interest o{ •
<br /> � � � � eamings on fhe funds.Berreficlaryshalf give to?'iustor,w;thou�cAarge.en annaal aocoaniing o1 the funds show�ng c�ed�ts and
<br /> - - � debrts to the ft�nds and the pvrposa tor wMeh ea�h dob�f to thv Funds was made.-Jhe Fvnds a�e ptedged as add�honal secu�ity for
<br /> � . . the Indebbdness secured by fh�s Deed o!T��st�!!fh�amount of tne Funds hstd by Benaliciery,rogether wiih the luture monthly '
<br /> . ' ' � instal/ments oi Furtds payable pno�to tA�duo dat�s a!taxes.essessmenfs.�nsy�ence piemiums�rd ground ren/s,shalf exceed the ,
<br /> • �• � m-�HiuttttCtfiulro�to pay Seld t2xEts,amaaacment.s,ins»>anra���vnlums e►rd ground►ents as tltey 1g11 due,suCh exCess shell be,at ,
<br /> Tiustor's option,either prampfly►epald t0 TiustOi o�c�edited to Trustar aga�nst future monthly installmenis ol Funds.It the amnunt o/ .
<br /> , , ' the Funds he/d by Beneficlary shaltno!be sulfiolent ib pay(axes.9S5essmen►s,lnsarance premlums arsd ground�ems as mey fall du�. ,
<br /> � Tinsta sha/l pay fo BeneNWBry any amount necessaty to make upMe del�ciency wathJn thHty deys trom the date nouce�s mairetl by
<br /> , •.. �
<br /> _ y gene�ciar�r to 7�usta��eaue9ting Qaymen!the�eol.Upon peymerftla tuli atelt tnde6fedness,�e.r..eficrary sh811 p�ompUy refund to
<br /> -- � -� -��� ---`�� - Tiustar any Funds hefd by�eneficfa�y.ll the Tiusf Prope►ty!s sofdunder tlie paw�r atsar�otn�r►usr�iopeny�s-orherwise scquirert • � -- -- -- - ��
<br /> � . � :,,,- ` � _. by 8enenctary.Beneticlary shall eppiy,lmmedr3t�ly pNO�!o the��fe ol the T�ust Piope�ty o��t9 BCqulsrtion tsy Beneficlary.any Funds ,
<br /> � ' � �• � i held by Bene�iclary ai Me time olappUCaGbn as a Cled�t agalnst the Mdet/tedness.If Ben8f1c1ary executes e wr(m�n weiver o/Tius/or's -
<br /> �• ���'• ' abl7gaUons under thls paiagraph 4,�iusfar cavenants and egrees to pay.ttefore the same become de�inquen�elf taxes.assessments,
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