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<br /> - ORMITSA11nCOMSTiMESACONSlRt/CTI�WYSECUARYiNTERESTlN�iIEPROPFR�Y ,
<br /> � . D�ESCRIBEDHEREAUBEI.ONI. .
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<br /> � Lot 20, Castle Estates 5ci�b�ivision, City of Grand Islaad�.•.&a� Couaty, I��braska � __ _
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<br /> :••;,�;''#'r.`-•.` • co�d�ion�►nD,���9�P►unb��x�es.xrete►and e►�e�n s,�,,,,)nes,boilers �y � ovens.dlshwashers,mirtwa artd mBrN�
<br /> � �;•� ri?�:f^D�'E.� .`__.l: �w �7�"`^•• °1R!' �'y;.°,.�.^s;.,
<br /> .;, .,;,c dl bumers e/evaCOis and motas.reMgeravorr p�ants a units.commu�c��syslems,`dp:�amas,L�ansJfan+e�.ebc�cat ---
<br /> �:: • ���,.. �. ��•`•:<_s• ca�petiaD'.fumaces. . --
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<br /> --.- . . .- equlPmenti sronn and s�rean w/ndows,doors.awrr�c�ivgs and shades)now or here�ar auactre��:��f�r,a^y twJld/ng almprorement 6�..--
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<br /> • � nowahereaRerbcatedtherenn,(AII ail easements a��dgha o/way appu�sr3 fhe�eto,fn;,al;%easeha�testate.rlgh�title and l�res[ot l�,A v.--
<br /> Trustor in and to all feases.whetl�er raw w herea.`:erexisbng w e.�sr�ed!r►to�ncF:ra�ing,w/thaz.^S t�%�tian.�L:cash and secu�iiy daposils, ^*���"�
<br /> ' . • advance rerttals and deposlts or Payments ot a slmitar naturel.€��?ning thereto.(v)a0 rents,issues,profits�d ficome therelrom(subJeci �:F�-�
<br />- - to the rlgM o/Tnrstor to collect and app/y such re�ts,lssues,profrrs and lncome as they become due and payable so long as no event ol • ���:�:'.
<br /> • • � detault e�clsts hereunder),(vf)all royalUes,mineral,d►and gas righis and profits,water,waterrighis,and wa'eratock,(vJr)all tenements, ��:` ���°:"
<br />_ � � • � hereditaments,pNvileges and appurtenances bebnging,used or enjoyed in conrrecUon therewith,and(vlUj�E proceeds ol canversJon, °.�:'�;'��';-
<br /> - � voluntary a/nvd��nt y of the b dn Into cash a ti uidated clalms Irrc:erd;n ,witliout limitadon, s of Insu►ance and ���'-�=
<br /> r ary,ofan re9 9 9 ( 9 �r�c8ed ::','"-h,_
<br /> 's. ' ' ' . ` co�Memnatlon awards),all oi whtch Is hereinalter cal�ecAvely cailed the"Trust Froperry".
<br /> TO PROTECT THE SECUAf1Y OF 7HJS DEED OF 7RUST,TRUSTOR COVEAfANTS AND AGREES AS FOLLOWS: • .
<br /> ' � 1. Tlde.Tiustor covena�Ks,wanants an0 agrees with Benellcfary,its successors and assigrts,that Trustor owns the Tiust Property free - - . "
<br />: . ' fram any pda lie�►o►e�ombrance,that th/s Oeed o/Trust/s and will rematn a valid and enfo►ceabfe��tllen on the Tiust Prope�ty, : ��"�
<br /> ' � that Trusta,at its expense,wiJl prese�ve auct►4+Je and will maintafn this D�d of Tiust as a first ane��rnount Ilen upon ihe Tiust ,
<br /> � PropeRy and w.'z'ff�►ever wanant and deler.cP�veltdiry and pdorify of rtrE 1 an hereof aga�hst the caar.^rs af ell pe►sons and pardes -, �� . =
<br /> �� whomsoever.Trustor,at/ts expense,w!!I causa this Deed ot Tiast,end ea��i amendment or suFp��^^an?hereto,t0 be��ed and {.,,: , :
<br /> recorded es a moRgage of ihe Tiust Property In such ri�anner�nd!n such plaCe and w�2 c�xe sucn acuon as/n!he�rnlon of TrusTee ,;�.;,;,. •
<br /> � may be requlred by any present a luture law In order to pe Aecb mai►natn an d p�ot e c t t'rs tan o f this Deed of Trusf,as�e same ma y r:,;,,-
<br /> • be amended a supplemeraed 1rom t/me to time Trustor will make suCh 1uRher assur2.r'�or assurances to pedect its Dtle to!he Tmst
<br /> . • ' Prt�pe►ry as may be►equlred by 8eneflciary.Trastor hereby�elinquishes aI right ot dcaer and homesead In and to the Tiust Property. ( ,
<br /> . • � 2. Payment of Indebtedness.Tiustor sha/l punctual/y pay the pdnclpal o!anal fnterest ort t�e indebtedness secu�ed hereby. f� � .
<br /> • 3. ConsbacBa►ol lmprovemen�,i'r�stor shall complete in good and wadvrraniike manner�rr,9u(Idings,improvements nr�epalrs rela8ng
<br /> � � �sereto wh/ch may be beg�rc+c.'�:'"e Tiust Piope►ty or car.:c��ated by the loan evlderrx�'C/the Note secered h��;�to pay wNen _:.� �-'::;
<br /> - � . due a!I cosis and J1a6iliUes i^�?d the�elo�e,and nat;3 p�^rif any construCilon Iien 2g2:-sf such Trust Property.!rr the event � , .
<br /> - � consbucbon ol buHCings,irr:pr;;vEnlents or re�2i:�erg cor,:emplated,7rustor also ag�ees,anythtng/n thls Deed ot Trustto the conbary �';'�;•'•-�_--
<br />_ � notwilhstartding;(a)b promp4y cammence a;,r such work end to comp/ete the proposed Jmprovemenu prompUy,(b)ro complete the � i � •.
<br /> , �� � same►n adcordar�ce w'�th tre p.'ans and spec,.5cations as approved by Beneflciary,(c)to comply wlth all the terms ol a buHding ioan �.
<br />. agreement,i!aRy,between Tivs?or and Beneflciary,the t�r^;s of whlcb are Irtcaporated hereln by refe�ence and made a pa►t heieof, ,;::
<br />� (t1)to allow BeireNciary tcs frr,��t the Tiust Property at a!�rr•res'during consUuctlon,ara fe)to replace any wo►k or mate►la/s
<br />* ; . , , unsadsfactory to Bene/iciary:e!2hln f'�fteen(f 5)days afte�.wrirten notice fiom Benefrciarp ot suah lact.
<br />' � � 4. Funds fa Payment of Chaiges.SubJect to applica6le!aw or to a wdtter►welver by Beneflclary,Tiusto�sha/1 pay to Benelir,lary on the ,
<br />' _ Nrst day o!eaCh month,or such other date each month as may be specified by 8enefrclary,un61 the lndebtedness!s pald!n lali.a sum ;.
<br /> � • . (herelnalter cal�ed the"Funds')equal to 1�f2th o!the yeady taxes and assessmenis whlCh may attain pNOiity over thls Oeed of 7nrst ;
<br /> .�.t . � � and ground�ents on the Tiusf Properfy,Nany,plas 1�f2th o!the yea►ly p�emium Jnstallments fa ha2ard insurence,plus 1�12th of the
<br /> ` ' yearty piemJam tnstel/ments tor mongage Insurance,f/any,a11 as reasonably esiimated�nlUally snd fiom time to tJme by 8enerclary on �
<br /> � ,� the bas/s ol assessments and biIls and reasonable estimates the�eof.The Funds shal!6e he/d ln an�ns►itut�on,the deposi�s o► �
<br /> accounts of whlch are lnsored or guaranteed Oy a fede�af or state agency including Beneflciary.Beneficlary shall appty the Funds ro
<br /> �. Pay sa/d taxes,assessments,lnsurance premiums and ground rents.Beneficlary shall rtot be�equlred to pay Trustor any lnterest or j
<br /> � } . • eamings on tAe Funds.Benelici�ry sh8/l give to Tiusto►,wiihout charge,an annuaf accounting ot the funds shawing credRS and •
<br /> � . debits to the Funds and the purpose for which each debil to the Funds wes made.The Funds are pledged as additia►a�security for
<br /> �, the Indebiedness secured by thls Ueed of Trust It the smount ol the Funds heid by Benerclary.together with the fufwe monthly
<br /> • _ �• instadments of Funds paya6le p�1or to the due dates of taxes,assessments,Jnsurance premiums and grounQ rents,shall exceed the
<br /> " �� � • amount requlred to paysa/d taxes,assessrnents,lnsurence premlums and ground rents as they lal!due,such excess shal!be,at
<br /> � • • '' Trusta's option,eifher promptly repald to�rustor or ciedited to Tiustor agalnst futme monlhly Instaltments ol Funds.If the amount ot
<br /> � , the Funds he/d by BeneHclary sha/l not Oe sufliclent to pay taxes,assessmeMS,lnsurance p�emluins and ground rertts as they fall due. ��
<br />' =--.-_ _-- - -- . Trrlstor shaJlRay te Benefteiaryeay emauni necesssry to make up the de�ic(ency with�n thiRy days Irom the date notice 1s n,R��ed Dy : • � -
<br /> � � • ��" ' Beneliclary to Tiastor iequesUng paXmenf the►eol.Upon payment in lup of ap fndebtedrress.Benetioiary sh�IJ pramptly�elund to .�� ,,
<br /> = � � Tiusfor any Funds held by Beneliciary.'If the Trust Prope�ty!s sold under the power of sa/e or thA 7rust PrCperry!s otnerw/se acqWred �
<br />� ' :• by Bene�rciary,Bene�rc�ary shall apply,lmmediately prior to the sale of the�Tiust Pioperry or its acpuis�tion by BeneNciary,any Fands - .
<br /> � . � held by 8enef/clery a!ihe dme of appllcabon as a credit against the tndebtedness.!I 6enebclary executes a wntten waiver of Trusfor's .
<br /> ' ' ' obllgaUons under thls paragraph 4,�iusto�covenants and eg�ees to pay.befare the same become delmquent,el!taxes assessments,� �
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<br /> ' � ,ycr�rerw+a�-es ruemas�sorur� . . . •
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