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<br /> THISOEEGOFTAUSTfsn►ad�ENa �� , dapo/J____� ,199�.bY�ridbetwwn Reed and 'Re�ds �inc.,
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<br /> wl�os�m�Yiq addieas b Y.O. az � ta s s . .
<br /> �p �Y tional Aasoa on �.�rr� 'T rnafiiirgadr�as�s
<br /> ZQ�3sd St.. s . ,and�NORWESTBANK e r�--iia;�T�tio-"�Asso�c a� oa�°S° ,(��
<br /> _— -- --- caMd tAt"Be�FCafatY'��whare M�rg addrsas is� 2 H 3rd 3t Gra+?d 2s�and ' NS 6 Ol' . ' ---- -
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<br /> �`.�+'� : � IFTHIS BOX/S CNECKED� j TH1S DEFO QF TRUSTCOHSTRLiTESA CONSTI4UCT/ON � '
<br /> _- SECtlR/TYAGAEEMENr UNDER THE NEBRASK/l CONSTRUCTfON UEN/1CTAND CREATES. .
<br /> - pRAHTSAIVD CON$T!l!/TES A GONSTRUCTlON SECUR�lY1NTEREST IN THE PROPERTY �
<br /> y"�. ' DESCRlBEDHF_RFJNBELOW. �: ., - .
<br /> = WHE T indeNMd� in tl�e aun ol S�� Thrte TEious,and a�.�1w '--�—�- —
<br /> = _ pip/ars(S 0•� );wfachind�s,�s ei d�byTrtarai'�promis�o+yno[+sdad�b3+s.L��,19.s�,�'
<br /> `� caNsd the••lYote••),PaYaWs Io fb6 orderot Ber�e�iCi�rysndhavfirg a rt�awAly at�1t�Y ��:.'" s�g� - ' -- -
<br /> f NOYiirl7fEREfOR�b�fhspwposdeo/secirrJng: .:: . ,�'`:-�i, - —
<br /> !st praym6ntatt�e Akte.to9enfael.�vRh iMerest thereon,late drarges.P�P�eMB�����7t+��e at�+anCes,andall ext�ensians. � —_—_
<br /> ' nrodiBCffi�ons.sYtbsOidl010n's�.�lcflenewalsthareof, , �,� :: . —
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<br /> (bjOayneemD��o�sum��•fes,sachar+g�,tr�geUrerwitlrin�erestU�ereon,advA'rced�iprotectd�e`s�rrn3y+oitbisD�eedolTnrstand �.-�_
<br />--_ b5e�:e�tt�ca�±g9nArJts and agreemeMs oiTrustor,wheU�er or not sei Il�L�',�e1a, . `�`��'"-
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<br /> . ' a_.::,_ - f�i;%�W:.���.��rC�ChA196�A►id_�:OIt1pG8�AaCw9��M.1Ai1�119iterytelm,COVBn��0p6�1198GOnetl�fglBBIABrItOITfuStWCO11�8lRedh@lBiAO� y,�. _
<br /> .• r ��1�.!�°'„"'•.�11$fEf6f1G�`��0/�f7J/OH19I w..�^••7�S1PlJl7AA�AtB/1�!!'•"••�O SBCU►@ QAB NO�Bi 9f7d • - _
<br /> t�k:�et�a�if��IfaN otl�eE sqnSsu f�a�yances,aitA hm�rest aiereon.wt►tc/,may he�erolhr�nav�eeen a berealt�er ve advanced _ ��
<br /> .,,� ' b��i�4�PflvTiustd'olT�jl�to►'s�►in intsrastadtle. • . ' ' . � - -
<br /> � ��';; � ,,x=�+�r, allo/wNchlsher�grCpp4oqv�lycaNedt�e'�''.a��e6tedness':rrustorl�6yg�antsandtrmrsf�rs�xinrsiee.Jndus�WRNPOti�l� � _-
<br /> .`, ' OF�R�the Aollowing desr�/I�d pi+�perry: . � . � ' . � . - ` �_
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<br /> _ . , . '1� �� 21 in Castie Esta�es Su�cfii�ston,�ff.a;l . , . �x.�°� . �:s-
<br /> . T:�x1�'X',t+euty Oae ( ). '. � °�
<br /> � - Couti i{ebraska � . � '`:• , =#�,
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<br /> . . ,. t+dye�Ae►wffh{!1 aN bW►tl/ngs sW�un9s:addiUoris,�rVargemer�modiBca5a_x repairs,re��cemenl�,and lmprovements naw ar h�:��; ;it = —
<br /> . . • bCeled therew►.(1J1 al►eclufFment,rtrachMery ar►�fnrAxes(mcluding.wrtlrout'�trrr7adon.a0Y'�hdng.beaNng,venti/adng,cooling.air j;�<< —_
<br /> avens disbwashers,minors end�ets � �.• --
<br /> . condY6idriNr�spA�kling antl pfumbing fixtures,w�'arand powersystems,engmes,bofleis.�an9es. � �� �;�,�;;;,
<br /> , ' . . = ' sa►PeG�nQ,fiun►aCes.o!t bumers.elevato►s and g�atars,rehigerati�on plants a ts�iis,communkatlon systems.dYnamos� . ,�.
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<br /> . �.:.�;��.. . equlprtteiR,sMrir�and sCreen w/ndows,doors,8wnings and shades)now ort"�r2alter attached to,or buJft ln,any bullding aimpmvear9rf!' � � `:: _
<br /> - - now a herealterloca0ed thereon, i►)all easements and dghis ot way ap � .�•snt thereto,(fv),allleasehold estete,�igh�Gtle arrd ir,'.�i$st ol .���_.:
<br /> --..- --.. .. _ ....__.._.. Tiustor fi end to aR/eases.whethernow a hereafterexisting a entered Into('mcrudirtg,without Itmitatlon.aNCash and securiry deposiis. �-�---�-----r,''= :
<br /> � � advertcerentals and deposits orpaymenis ol a simi/arnature),pertaining thereto,(v)ailrents,issues,profits and lncome the�efrom(subJect � ,
<br /> to the�Ight o/Tiusta to cdlect anCappty sucb rents,issues,profits and/ncoms as iheybecome due and payable so bng as no event ot �• .
<br /> � default ex7sts he►aunder),(vi)ap royalGies,mtne►al,oiland gas rights and p�,water,water rfghts,and wate�stock,(v11)aJl teneme�rts, ti . �
<br /> ���- �-' �- �" � hereditame�rts,p►ivileges and appurtenances belonging,used or enjoyed in awnnectlon therewith,and(Nii)all proceeds of canversinn. �. � .: .
<br /> . . . .� , voJuntery w invduntary,otany of the faregdng into cash orliqufdated claims f+nctuding,without limite0lon,proceeds ol Jnsu�ance and :- '
<br />:,�' ' . condemnaLton awards),aJl ol which is hereinaRer collectivefy called the"TrJSi Properry". ;.,; ,
<br /> T�PADTECT THE SECUAlTY OF THIS DEED OF iRUST.TRUSTOR CQ:�"tJANTS AND AQREESAS FOLLOWS: ;���-��� .
<br /> _;,��.,.
<br /> . . . • � t. fiitlB.Trtrstor covenants,warra�ts and agrees wlth BeneffcJary,its successons and assigrrs,that Tiastor owns the tulst Prope►iy froe ; «�. ,. . .
<br /> .. __.__ . _ fmm any pdo►llen a encambrance,ihatfhis Deed of Trustls and wi.7 re?�^„�i�a valid and enforceab/e 6rs[Ilen on�Trust Piojseriy.
<br /> � - '�� that Trrrsior,at its expense,will pieserve such GUe and wil!malntain th3s 11�ed ot Tiust as a prst and paramount Jien c�on the Tnrst �� ?'
<br /> � . " .` ." , ;;'�. . , Property an�wlit faever wanant and d8fend the valldity and prlodiy�tl're'�°n hereol against U�e clalms of a1!persa:rs anQ p��s ''.' :.;�`�.:,:;;'
<br /> - whomsoever.Trustor,at Ks expense,wi/l caase th/s Deed of Tiust and ea:!a 2.�end:nent or supplement here%to b9 filed ana' .• . � i��:��,, � ,
<br /> • � ' ' reco�ded as a mo►tgage o�tlr3 Tiust Properry in such mannei and In sua�p:.xe arc�wllf take such action as In tbe oplNon af T:�^��,ae ,�'=;��•. .
<br /> ' � � •'' � may be�equlred by any present or luture/aw fn orde�to peAect,maintai�r G.a�rc��the llen ol this Deed of Tros�as dte sart�e�nm�f � .!f%;� : .
<br /> �- �._.��-">" • � •-� - - 6e amended or suppiemented irom Ume to dme. Trustor will make sucff fu�`:?r as,surance or assurances to pedeCt its tit/e to the�rwsi j'��••�_ __ ._ z :�_
<br /> � • Properry as may be requlred by Beneffciary. TmstO�he�eby�ellnqulshb��b,?ght oi dower and homestead in and to the Trust Frr,�erly. '
<br /> ' ��� , 2 Payment ollndebfedness.Tiustor Sha/l punctaaity pay the p�inc/pal�f��!inte�est cn fhe lndebtedness secured hereby. �, .
<br /> : # �3. Constructlon o/lmprovemeMs. Trusta shaJl complete in gaod and work:-a�1;ks mar�r any bui/d'mgs,imp►ovements a repel�s re/adin9 I.;-� ,. • . • .
<br /> : �.•�:� . tlbrero whicb may be begun on the Trust Property or ca:^r�:,p�ated C;�:`e loan eY�E,:�ed by lhe Note secmed he�eby,to pay when ,z ,. �
<br /> ' � t . ' due all costs end Ilabllitles lncurred lherefore.end nor,o;t:rmrt any c:::�lictlon lien agalnst such Tiust Properly.In the event !'• ,
<br /> ` � � �� � consbuctio�►o!bufldings,lmprovements ur repairs are conremplate0. �ti�stor also agrees,enythi»g rn thls Deed o/Trust to the cantrary • �
<br /> -' � notwithstan9/n ; a to rom cammerrce an such wak and to c4.,^.y:ete fhe roposed!m rovements prom U, b)fv comQ,�na the '
<br /> . . , 8O P P�Y Y P P pY (
<br /> � ' same In aceo��ance wlth tha plans anQ spaci�Cailoas as approved tr�8eneficiary.(c)to comply with all the terms ol a building�S�an • .
<br /> �� �, � ' agneemenr,;�any,between Tn�star arr�BeneBclary,the tem►s of whlch a�e lnaarporated hereln by relerence and made a part dereo� � .
<br /> ,,; �,;`� � , �d)b ellow 6enenciary t�l�s;�ecf fhe Trust Pioperty ata/l Umes du�ing construcdon,and(e)to replace any work or mat8rials '
<br /> y:4:�..• • • :aiaBdsfACtO�to Beneficiary s�:41rt fi!'aen(t 5)days attei written no6ce Irom 8eneliclary ol such fact.
<br /> ����:; -=�. •, s� Erxrds lfpr'Reyr/�ent oi Cha�gas:Subj�eci to appYcabla law or to a wriKen waiver by Beneficlary,Tiustor ahelf pay to Benefir,iaryi an ihe
<br /> � �•-:,�����- "� ' '��s!ddy oleACh montlr,or such oH�er 0a[�eaCA month as may be apeclhed by BeneNclary,undl the Indebtedness/s pafd fi full,a aum •
<br /> "�'��� ���er�tnalter ca�ed the"Funos'J equal f0 7�121h o1 fhe ye�taxes and assessments whlCh may 8ttain prio►iry ove�ih/s Qeed ot Tiast , �
<br /> °• and�round rents on fhe T/ust�pe�,N any,plus t/12th ol the yearly premluminstallments for hazard insurence,plus 1l12th o!the
<br /> -_� yeedjr premlum 1RStaJlmenls for moKgage lnsmenae,N sny,at!as reasonabty estimated ini�altyand hom tlme ro tim�e by Benefrclary on
<br /> � fhe basis oI assesaments and biNs and reasonabte esNmates thereol. The Funds shail be heldln an lnstitvNon,the depasits or
<br /> = accounb ol wMCh ans l�sr�rod a guaranteed Oy a ledera/or state agencylnGuding BeneNc�ary.BeneJlc/ary shall apply the Funds to - .
<br /> — py aa1Q tjue9,�ssessmen(s,lnsurance premlums and ground renb.Beneliclary shail rat be�eqWred to pay Trostor any interest a �'
<br /> - ' earMngs on fhe Funds.Beneftialaryshail give ro Tiusnor,wifhout charge,an annual accounNngW the Funds ahowing crodYts and
<br /> .�� - =x•�--'�:�. debtts to the Funds and the puipose lor whlchesch debit to the Funds was made.The Funds ere pledged as addi�onal secyifty foi. �
<br /> `'y tl�Md�bMdr�as aecwed by thts Oeed of TrusL N the amount of the Fimds held by Beneficlary,together with the lutu�e monthly .
<br /> � lMt�Mn�ol Funds payaEA�pdw to the drredates ol taxes,assessms�ns.lnsurance prerMams and ground rems,shalt exceed the
<br /> . • �rno�xK rrq��nd i+v psyaatd taxes.aasessmeMs.lnrurance pro+rNums and ground rartts as they fall due.such excess ahsN bs at ,
<br /> Trtpbr'a aption,eitl�sr pranptlyropald to�lrustor ac�edited M Tmst�r against futr�re inpnfMylnstaHmenis ol Funds.B the amaunt ol � .
<br /> �1 Funds h�id by Bens�clry ahe[I not bs suMlcient to pay taxes.assassments.lnsurencs p/brW�ms arr�gro�nd retjts as they/all due, ; .,
<br /> . Tiwlur ahalp�y eD B��IYY�Y an�ounf necessaryto meke up the dellcler�cy wttl►in tMrry d�ys ham the date nodce Is matled bY ; .
<br /> Br�iActrya t'nmar n�ua�Yp ptyrr�nt fhral.Upon payman in hrN of aN/ndebeednes�.Benafic/ary ahanP�P�Y rotund ro E
<br /> --Tr4t31EiirjYFwl�hii�byBl�rNA�y.lfths TiustPmpa�lyls�txrdbr�poNSrofaal�sarUs fiustFrqpertyisofhenvfssacqufied �`=i--°--�--
<br /> Al►�Y•�Y��AN:��ta the safe ol fheTiusfA�psM or ita acqWsi6or►by Beneticlary.anY Funds , t � .
<br /> . n�e�►ew,.Rcr.►�►ar nn eyn�s a+�rc.aa►�m a croar�sr n,s mdsaed�e�.n es�ci�r sxecures a�w�r��.a rNSro.�B �• � . � .
<br /> oDYyalrons undrr�hfs praDrapA I,rnalb►co�enanta arrd�gress to pay.befbro u,s aaa�s�eeans d�r;nqaenr,a►�raxes.aasessrnents, �
<br /> . ucra��wolrb/M�M�wa'+YJ. ' ° .
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