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<br /> THIB D� 0�' TRUST is mad� as o! th�� eLtY of 1993 by and
<br /> aaanq MICNJIEL �. 11zLL7aM8 and �iDY 3. MILL , husban r �, ("Tsvstor�").
<br /> Mhos� �tilinq addr��s iss 2920 M. Hocic 1►wnu�, Grand I�l�nd, N�bruka 68801f
<br /> and 11RTHUR C. lI�Y6R, Attorn�y at Law, ("TRUBT'S�"), whos� mailinq addr��s is:
<br /> P. O. Box 2300, Grand Island, li�braska 68802;
<br /> ena VICTOR L. GOSW1 and LFATA !!. C,08U1►. hueband and wif�, as joint tenents,
<br /> r(�"Bb���C�Y03: whos�uiailing addrRas is: 2641 O'Flanniqan 3tr�t, Grand Islsnd,
<br /> FOR V1ILUABLB CONSIDERATIOH, Trustors irr�vocably tranafer, convey, and
<br /> aesiqn to Trustee, IN 'A'RUST, iIITH P�fIP.R OF SALE, fvr the lo�nefit and s4curity of
<br /> Ben�ficiary, und�r ant� subjact to tha terms and conditims of this Dead of Trust,
<br /> the real prop�rty locat�d in th� Citx of Grand Island, Count�of Hall, State of
<br /> Nobraska, and loyally doacribQd a� xollows: (tho "Prop�rty ):
<br /> Lots Fivc (S) and Six (6), Burch Subdivicion in the Gity
<br /> of Grand zsland, Hall County, Nebraska, kt�ovn �s 2�11 South
<br /> Locuct Straot, Grand Island, Nabraaka 68801.
<br /> - TOGETHERWITH all rents, eaaemente, appurtenancas, heredit�n�ente, intereste
<br /> in ad�oining roada, straats and alleys, improveawnts and buildinge of any kind
<br /> situated thereon and all pereonal property that may be or heroaft4r 1»com� an
<br /> integral part of suah buildinge and improvetaants.
<br /> The property and the entire estata and interaet convQyed to the TruRteo are
<br /> roferrad to colleatively as the "Truet Estate".
<br /> --__— = FOR THE PURPOSE OF SECURING:
<br /> --- --- - a. Payment of indebtedness in the total principal amount of �189,504.00
<br /> =�,v�;� with �.nterest thereon, as evidenced by that c�rtain Promissory Note of even date
<br /> - (the "Note") with a maturity date of Novemb�ez 5, 1998, executed by Truetore,
<br /> _�.�� whiah has been delivered and is payable to the order of Beneficiary, and which
<br /> �� v by this reference is hereby made a part hereof, and any and all modifications,
<br /> exteneions and renowals thereof, and,
<br /> -i b. Payment of all eums advanced by Beneficiary to protect the Truet
<br />' Eatate, with intarest thereon at the rate of fourteen (14�k) percent per annum.
<br /> � ` This Deed of Trust, the Note� and any other instrument qiven to evidence
<br /> � or further secure the payment and performance of any obligation secured hereby
<br /> ' %�°�••�t�j,, are referred to collectively as the "Loan Instruments".
<br /> �'ve�u�.:�
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<br /> ,,�.,�,, �. .. ,.•• TO PROTECT THG SECURITY OF THIS DEED OF :
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<br /> �'; �^;��:��-�r �' ' 1. PAYMENT OF INDEBTEDNESS. Trustors shall pay wher due the principal of,
<br /> r ' � �f� � and the in eres on, e n e e ness evidenced by the Note, charqes, fees and
<br /> ,:,:c'i'4" .
<br /> '�•-s y�� all other sums as provided in the Loan Instruments.
<br /> � , , or:-....-. .:
<br /> � �•���'� � 2. REAL ESTATE TAXES. Trustors shall pay the annual real estate taxes to
<br /> '•+=��� �, the Hall County Treasurer efore the taxes become delinquent and shall furnish
<br /> � , ,.� tax receipts to Benoficiary on or be�ore May 1 and September 1 each year. In the
<br /> -'t.�."`' event that special assessments are levied by the City against the property, the
<br /> �� ' ' • �' Trustore shal� muk� the annual payments before the same become delinquent and
<br /> " ,,,�a,w , provide BQneficiary with a receipt for payment.
<br /> :.���: 3. INS'�T^,�.'3�..�E AND REPAIRS. Upon closing, Trustors shall provide _.
<br /> ,r,;. �.��.� Beneficiary wi a er i ica e o Insurance showing the buildinqs on each
<br /> �r�• •�� premises to b�e insured for fire and extended coverage in an amount no less than _
<br /> �':'.��•"�' the replacement value of the buildings. Trustors shall pay the premiums for
<br /> .k=•�`� �d�� maintaining such policy and shall provide Beneffciary with evidence of insurance
<br /> + premium paymenta each year. Such insurance policy shall contain a standard
<br /> ._. mortgaqe clause in favor of Benef iciary and shall not be cancelable, terminable,
<br /> K�• � •� • or modifieble without ten (10) days prior written notice to Beneficiary. -
<br /> �•�,,,,,>-,F.� „ Trustors shall promptly repair, maintain and replace the Trust Estate or any part
<br /> • thereof so that, except for ordinary wear and tear, the Truet Estate shall not
<br /> deteriorate. In no event shall the Trustors comnit waste on or to the Trust _
<br /> uet�*o
<br /> ;�..t�. �,-- -------
<br />�t �� •.i.:.•+,��• In addition to casualty insurance, Trustors shall provide and pay the
<br /> � • r..';.� premiums on comprehensive liability insurance coverfng each premises and
<br />- __.�, � protecting the &eneficiary and Trustors from all claims, demands, lawsuits, and
<br /> �_ --''�-"�• judqmente arising out of injury to persons or damage to property occurring on
<br /> ��. "--`L-` each property. The coverage shall be in an amount of not less than ;300,000
<br /> '' single limit for bodily injury and property damago. The liability insurance and
<br /> �+".�1y,......:,,::.�.
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<br /> _�.�. casualty insurance may be procured in a single policy or may be obtained in
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