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<br /> � � DEED OF TRUST 91--r' 1 U85�3 � -
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<br /> TMIS OEED OF TRUST,made ihl9..�4Yh_day of necemher ,18 9L.—�betwee� � s_.--
<br /> ' � Miahael R. Flodma� and Dobra I.. �'lodman, husband and wifa es Trustor, �
<br /> + �.
<br /> . i Firslfer Bank,National Asaociation Omaha Nebraska es Truatee, : ' �
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<br /> • � � FiraTier Bank,NaUonel Assxiatlon,Omehe Nebraske es Benellciary: � ',y�
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<br /> • • , i WITNE3SETM: � � �
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<br /> �. That Trusto�irrevocebly granta,tranafers end assfqns to Trustee in trust, wfth power of aela,the tollowln�deacribed
<br /> � , ., i pfO�y: Lot Three (3), �xcQ��t the Easterly Eiqhty-nine and One-half Feet (E89y')
<br /> �. , � and all of i.ot Four (4), in Chief Industries Subdivision, Hall County, � ,
<br /> + � NebraskA. .
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<br /> 1� . . . � . . � - , "d�►�'
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<br /> together with all interest which T�ustor now has or may hereafter acqui�e In and to sald property and in and to:(a)all r,;;.•,,`
<br /> � easements and rights of way appurtenent thereto;(b)all tenements,hereditaments,bulldings,atructures,Impr�vemenis. � �
<br /> fixtu�ea,equfpment,furnishings and appurtenances now or hereefter placed thereon;(c)ell leasehold eatate, �Ight title, ���
<br /> ' ane�interest ot Trustor in end to all leases or subleases thereof or eny portfon thereol now or hereafter existing or entereeD . . .i�_
<br /> into,and all right,title,and interest of Trustor thereunder,includl�g,without limitation,all cash or aecuriry deposlts,advance
<br /> � rentals,and depasits or payments of similar neture,and(d)ell mi�eral,ofl,ges rights and profits,water,water rights,ar+d '�
<br /> water stock.Trustor agrees to execute and deliver,from time to time,such funher instruments as mey be�equested by �
<br /> ! Qwnpticiary in form and substance seNsfactory to Benellciery to Conlirm the Ilen of this Deed of Trust on any oi the /
<br /> 1' •' aforementioned property.The ptoperty so conveyed to Trustee hereunder Is here�r+atter referred to es"suci�proj►a�ir". ,
<br /> ► � �::, �
<br /> The Truator absolutely and inevocably grants,translers anq assigns 10 6eneficiary t he rents,income,issues,and pralqs
<br /> ot all property cova�ed by thfs Deed of Trust.
<br /> FOR THE PURi�OSE OF SECURIN(3:
<br /> 1. Payment of the prinCipal sum of �iqhty six th�usand f ive hundred and no/100------
<br /> --------($A6,500.00)Dollars------
<br /> " evidenced by the ce�tain promissory note dated of even date herewi tti(hereinaRer refer�ed to es the"Promissory Note"►
<br /> . exeCUted by _Michael R. Flodman and Debr.i T.. T'lodm�i^
<br /> ' in said amount and payabte to the o�der of Beneticiary maturing on ���t�uary 2, L 997 .
<br /> ', t together wfth fnterest thereon,late charges,and prepayment bonuses according to the terms of the Promfssory Note
<br /> end all renewals,extensions,and modilicatlons thereof.
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<br /> 2. Performance,discharge of and compliance with every obligation,covenant and agreement o1 Trustor Incorporated by
<br /> reterence or contained herein or in any other security agreement or deed ot trust at any time given to secure any
<br /> Indebtedness hereby secured,or any parl thereot.
<br /> 3. Payment of all iees and charges of Beneliciary or Trustee,wheth�r or not set foNl�herein.
<br /> � i �! TO PROTEC7 THE SECURITY OF THIS DEEn OF TRUST,TRUSTOR COVENANTS:
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<br /> TITLE:That it is lawiully seized and possessed of a good and�ndeteasible title and estate to all of such property in fee
<br /> � simple Iree from any prior Ilen or encumbrance,has good right and lawtul authonty to convey the same,and will forever
<br /> warrent and defend Iho title lhereto against the claims and demands ot all persons whosoever;that It will,at its expe�se,
<br /> maintain and preserve the lien ot this Deed of Trust as a tirst and paramount lien upon such property.
<br /> � i MAlNTENANCE:To keep suc�properly in good condition and rePair;to complete or restore promptly and�T��ood and
<br /> ;� workmanlike manner any build�ng wh�ct�may be constructed,damac�ed or destroyed thereon and to pay, wr�en due.�►1�
<br /> Gaims 1or labof pe�loomed ansi mate��a�s����ished therefore and tor any aNerations thereot:ta camply with the provas+��s
<br /> ( ot au�nsur�nce policies covenn.g said prem�ses,to comply with all i,aws,ordina�cFs •equla��ans,covena�ts,eondit�r±s
<br /> and restriclions aHecting s�cr Droperty;not to remove,demol�sh or materialiy a11•e•A�y buflding,or the character or use
<br /> ; lhere4f at any tirr�e thereor+.a��oi to drill or extract nor to permit the driliing tor or ext:�aCiion of oil,ges or other hydrocarbon
<br /> �'� a�.tia��.,�de�.,Ars�►n.anv minwral of anv kind unless the wnrien consenl ot BeneliCiary is had and obtained;notto commit C,r
<br /> � ' �ermit ar+y w?s�??�ereoi or any act upon such property in violat�or�of Gaw:to do all other acts in a fimely ana proper nwnr Qr
<br /> � � which lrom tRe cP�aracter or use ot such property may be�easonab�y necessary to protect and preserve sa�tl seCUnty.4hr�
<br /> � spec�lic e�umerations herefn not excludmg the general.
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<br /> � � CONSTRUCTION OF IMPROVEMENTS.To complete in good and workmanlike mannerany buildmg or�mprovama��i u�
<br /> � repair relating thereto which may be begun on such property or contempiated by the loan secured hereby,to pay when due
<br /> # all costs and liabflities incurred therelore,and not fo perm�t any mechanic's lien agamst such property.Trustor also agrees,
<br /> • ; anything in this Deed ot Trust to the conlrary notwithstandmg. (a) to promptly commence work and to complete the
<br /> :i proposed improvements promptly, (b)to complete same m accordance wdh plans and spec�f�cations as approved by
<br /> ', Beneficlary,(c)to comply with all ot the terms ot any buildmfl loan agreement between Trustor and Beneficia ry,the ter ms ot
<br /> which are incorporeted herein by reference to the same extent as if fully set forth herem and made a part of this Oeed ot
<br /> : i Trust,(d)to allow Beneliciary to inspect such property at all times dunng construction,and(e)to replace any work or
<br /> I materials unsetislactory to Beneficiary,within fitteen�t 5)days afler wntten notice from Benefic�ary ot such tact,wh�ch
<br /> notice may be given to Trustor by registered or certd�ed mail,senl to h�s last known address.or by personal serv�ce ol the
<br /> • same
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