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<br /> DEED OF TRUST �
<br /> �
<br /> THIS DEED OF TRUST, made this 1�tY1 day of November 1999 C�
<br /> byandamong Steven L. Foulk and Lynn E. Foulk, husband and wife �
<br /> (herein "Trustor"); and Jerry J. Milner, a member of Nebraska Bar Association
<br /> , whose mailing address is 1503 W. 2nd Street. , PO Box 1068
<br /> Grand Island NE 68802
<br /> (herein"Trustee"); and Associates Financial Services Company Inc.
<br /> whose mailing address is 2014 N Lawrence Lane, Grand Island NE 68803
<br /> (herein"Beneficiary").
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE,for the benefit and security of Beneficiary,under and subject to the terms and conditions of this Deed of Trust,the
<br /> following described real property, located in Hall County,Nebraska:
<br /> All that certain Lot or Parcel of Land situate in Hall County, Nebraska,
<br /> known and described as being Lot Seven (7) Pleasant View Tenth (lOth)
<br /> subdivsion to the City of Grand Island , Hall County, Nebraska. �
<br /> TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the real property; all leases or subleases
<br /> covering the real property or any portion thereof, now or hereafter existing or entered into, and all right, title and interest of Trustor
<br /> thereunder; all interests, estate or other claims, both in law and in equity,which Trustor now has or may hereafter acquire in the real .
<br /> property; all easements, rights-0f-way, tenements, hereditaments and appurtenances thereof and thereto; all oil and gas rights and
<br /> profits, water rights and water stock; all right, title and interest of Trustor, now owned or hereafter acquired, in and to any land lying
<br /> within the right-0f-way of any street or highway adjoining the real property; any and all buildings, fixtures, improvements, and
<br /> appurtenances now or hereafter erected thereon or belonging thereto, (herein referred to as"Improvement"or"Improvements");and
<br /> any and all awards made for the taking by eminent domain,or by any proceeding or purchase in lieu thereof,of the whole or any part
<br /> of the real property. All of the foregoing estate, property and interest conveyed to Trustee herein collectively referred to as the
<br /> "Property"
<br /> FOR THE PURPOSE OF SECURING:
<br /> a The ment o i ebtedne s e den e b Trusto 's t ven date herewith in the nnci a f �venty—
<br /> � Y P � P ���+. " .
<br /> .
<br /> ix t�liousan even �iun�red� o�tr and �'��1 C�-------------�ouars $ ,
<br /> together with interest at the rate or rates provided therein, or the principal and interest on any future advances evidenced by
<br /> promissory notes stating they are secured hereby, (herein"Note"or"Notes")and any and all renewals,modifications and extensions
<br /> of such Note, both principal and interest on the Note being payable in accordance with the terms set forth therein,reference to which
<br /> is hereby made.
<br /> (b)The performance of each agreement and covenant of Trustor herein contained;and
<br /> (c)The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this �
<br /> Deed of Trust.
<br /> A. TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS: ;
<br /> 1. PAYMENT OF PRINCIPAL AND INTEREST. Trustor shall promptly pay when. due the principal of and interest on the
<br /> indebtedness evidenced by the Note, and all other charges and fees as provided in the Note,and the principal of and interest on any .
<br /> Future Advances secured by this Deed of Trust. .
<br /> 2. WARRANTY OF TITLE. Trustor is lawfully seized and possessed of good and indefeasible title and estate to the Property
<br /> hereby conveyed and has the right to grant and convey the Property; the Property is free and clear of all liens and encumbrances
<br /> except liens now of record;and Trustor will warrant and defend the title to the Property against all claims and demands.
<br /> 3. MAINTENANCE AND COMPLIANCE WITH LAWS.Trustor shall keep the Property in good repair and condition and shall not .
<br /> commit waste or permit impairment or deterioration of the Property and shall comply with the provisions of any lease if this Deed of
<br /> Trust is on a leasehold. No improvement now or hereafter erected upon the Property shall be altered, removed or demolished without
<br /> the prior written consent of Beneficiary. Trustor shall comply with all laws, ordinances, regulations, covenants, conditions and , '
<br /> restrictions affecting the Property and not commit, suffer or permit any act to be done in or upon the Property in violation of any law, '
<br /> ordinance, regulation, covenant, condition or restriction.Trustor shall complete or restore promptly and in good workmanlike manner
<br /> any improvement on the Property which may be damaged or destroyed and pay, when due, all claims for labor performed and
<br /> materials furnished therefore and for any alterations thereof •
<br /> ORIGINAL(1) I
<br /> 607671 REV.11-98 Nebraska BORROWER COPY(1) oo�52A.oa
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