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<br /> '�.-°��:`:��i�``'}_`t-� � Lot 61, Castle Estates �uts�ivis#o�, Citq of Grand Island, Hall Couatp, Nebrastca -
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<br /> . - ' �•. �,;.,�.. , togetf►er with n all b+�ifdlr�ys,atractures.ad��crr"er�Farg�m+�afs,nwdr�c�.�ons,repa�rs,replacemerKs.and Improremeets now a Neesai�ar
<br /> t.,�,;::: bcaled tltersor�(�i1 aNequ/Pmer►�!n�CNlnaY�'��x�xes�ndnding,wi(liout�lon.aYY9�8•�'�9�A'►�+9��•�
<br /> . ;::��,.. c�boNn9.spkWdU►8 and pltonbmg fixGure��er anr!p�r systems.ea9lnes.bal/ers,�9es e�r+s dVshwashera.n�irras arid n�dei�► -
<br /> -- - - -.--.-.--. .. _ rarpeth�p,turnaces,ail bumer�elevetorsand►notors.refrf�onplar►tsa�.comrnrQrJcaOOnsysterns.dYnaRas.transl�an►e�►s,ersc0ical -��----
<br /> ' - . . equipmen�aAO�m and screen wfrrdows.dOO�s.awnings ertd�sl�des)now a heresfter aeCa�ed f0.or bu�t in,ar►Y a�r�dG�9 a kr►prov�nraK =�.`,
<br /> .:`� . � now a f�eneaRerbcated ther�a►!i�ell easerr►ents and Ryf.is o/waY ePPuRenant tR�,�ev).alf leasehold estafe,dgM,tide arM/nterest d � ��:-
<br /> . .'�:,'' .. Tnxstain and fo all/eases,whetlrernow ahe►ea�ter ex/sdng a enteredirt�o(rnc/uding;w�u�IimltaGa►.all cash and secwf(y deposits �=`_.�-�.
<br /> rt a in ln l f�eie t o,(v)e ll reMS,i s s u e s.Prorits a►id Incame�erel�or►r(s u D J e c t �-�`P-,
<br /> - • - _.�,: : advance rentals and deposits a payments ofa slmilarnature),pe g ;;�.--
<br /> : . , iothedght o/Tiusto►to co0eciend aAP�l+sucArents.issues.n►orrs a.►dt„c«��mereeco►,►e c�e and�y�resor«,g as no e�renr a .� =1.• ._.-_
<br /> - ,; :.;�- ; � default e�dsts hereunderl.(vJ)all myalNes.m/neraJ.oil and 9as dgMs and pro�[s.wate►,warerrignts,arM waterstocl�(vfr)ap ter�errrer►ts. _.;..'.:
<br /> • i�ereditame►NS.privileges and appurtenances belonging,used or enJoyed fi conrtecti�on therewid,and(vtr7)al!proceeds o/con►rerslon, • �T:=�
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<br /> : � vdumary or InvWuMary,of any of the foregoing irlfo cash wYquldated cfaims(includ/ng,without limllatfa►,P�oceeds of lnsurence and ., •
<br /> < ` `. . condemnadon awaNsl.al!of whkh is heretnaft�r collecG�veTy ca0ed the"T�st Property".
<br /> . TO PAOTfCT THE SECURITY OF TH1S OE�DOF TRl1ST,TRUSTOR CQ'fENANTS AAfD AGREES RS FOLLOWS: . :
<br /> 1. Tlde.Tirrsior covenaMS.wanrants and agr�es with Bene�icfary,its s::,aasssas and asslgns,that Tr�siior owns tha Tiust Proparfy free • -
<br /> • � � /rom any priorlien or encumb�ance,that this Deed ofTrust is and wi�7rema/n a v�d and etrforceabl�Brsillen an the Tiust Praperry, �° �� .
<br /> U►at Tiustw,at ns expense,wJll preserve such tide and wilf matnta/n thls Deed a�Tr.tst as a frisf and paramou:�t flen upon U�e�rost <<. ' _
<br /> � property and wfll faever wairar►t and defead the valid'�}r and pdorily ol the lieR i:e.��!agalnst the clalms of a�l par5orrs arrd parties �,,,,, _, �
<br /> � � whomsoever.Trusta.at f1s expense,will cause thls Oeed ol Tiust and eacb arr��ment a suppfement hereta.!a b�e f�e�farr�. � •.
<br /> � - -� • • recorded as a mo►tgage ol fhe Tiust Property in such manner and in such place and wtil take such acdon as in it.�r,pic'+�vr of Trustee. , �
<br /> � may be�equked by any present or fuWre lawln orda�to peAect mairrtaln and protect the llen ol thls Deed o/Trust,$s the sar.:e rtray. _
<br /> , be amended a supplemented from Bme to time.Tiusto►will make sucb furlher assurance a assmances to per!act lts tlHe to fhe Tiust
<br /> � , PropeRy as may be reqalred by Beneficlary.Titrsta hereby rellnquishes all dght o!dower and hamestead in ac�Qto Me Tiust PropeAy. . • •
<br /> � � �::� • 2 Payment of lnde6tedness.Tiustor shaM punctually pay the principaJ of and interest on the Indebtedrtess secu�a�hereby. -
<br /> • � 3. ConsBvcdon o!/mproveme�ts.Tiustor sha0 compiete rn good and wc,rkmanGke m�ra��r any butldings,impmverr.+ents a repatrs relatlng � _
<br /> • � lhereto whlch may be begun on the 7nhst PropeRy or contemplated by the loan e�denced by the Nofe secured hereby,to pay when ��� .� •-
<br /> due ail costs and liabilides incur�ed th�!ore,and not to permii any construction�en a�ainst such Tiust Property.In the event �
<br /> consductlon of buifdJngs,improvemenis or repairs are contemplated,Trustor a►so agrees,anything!n this Deed al7rust to Me condary �, :
<br /> t�,•: n otwithstand/n g;(a)ta prom ptl y commence an y suclr wo►k and to complete the prup�osed Improvements prornptfy,(b)to comp/ete the . � '
<br /> c�� • same rn accordance wtth the plans and specffications as approved by Benefrciary:(e)to comp/y with a/l the rerms of a bu(Iding loan
<br /> agreement,il erry,befween Trusfa�and Beneficiary,the terms o!whrch are incorporated he�eln by�eference and made a paif hereol, , �
<br /> (d)to allow BeneNclary to lnspect the Aust Prope►ty at a/l tlmes dunng eonstruofion,and(e)to►eplace any wak o►materials
<br /> . • � unsadsfectory fo Beneficrary withln filteen(15)days after written nouce liom BeneflcJary of such fact
<br /> . 4. Fwrds tor Payment of Charges.Subjecf to applicab/e Jaw or to a written weiver by BeneNclary,Tiustor shali pa/b BeneC►�tary on the ' �
<br /> � �rst day of each month,or such other date each montb as may be specified by Beneficiary,untiJ the lndebted'sesss is pald!n Po/l,a sum
<br /> , (herelnafter called th�"Furtds')equal to t�f2th o!the yearly taxes end assessments which may altain priority Ove�thls Oeed of 7�ast �
<br /> and ground rents on the Tiust Piope�ty.i!any,ptus 1�12th ol the yearty premlum instalfi�ents lor hazard insu�ance,plus f�12th of the
<br /> _ . ° • yearlY prem/�m insia!lments for moRgege insu�a►rce,fl eny ell as reasonabiy estimated ini�iaqy and tiom dme to time by Bea�sficlary an ��-_ .
<br /> � the basls oJ assessments and b!!Is and reasonab/e estlmates thereof.The Funds sha0 be held in an insGtution,the deposits or:
<br /> " • `' accounts o/wh/ch are lnsu►ed or ua�anteed b a federal or state a enc Includln Benelicla Benelicla shall a the Funds to � �
<br /> 9 Y 9 Y 9 N• N PA�Y
<br /> �- , ' pey said taxes,assessments,insu�ance piemiums and ground rents.Beneticlary shall nat be required to pay Trustor any Irtieresia
<br /> �;_• eamings on the Funds.Bene6clary sha0 give to:Tiustor,without charge,an ennuai accounGng o1 the Funds show'�ng cred�ts and ;
<br /> � ' • debits to the Funds and the pmpose lor whlch each debit to the F�nds was made.The Fi�nds a�e pledged as add'�dana!security tar
<br /> � the lndebtedness secu�ed by thls Oeed ol Trust I!the amourrt o1 tbe Funds he►d 6y Beneficlary,tagethe�witt�Ure future monthly �
<br /> , ;� , Installments of Funds payab/e pria to the due dafes ol taxes,assessments.lnsurance premlums artd ground renls,shall exceed the
<br /> � • amount�equlred to pay said taxes.assessments,�nswance premiums en0 grountl�ents as they lall Due.such excess shall be.af � •
<br /> riustor's optlan,eithe►promptly repaid to Trustor or credited to t�usto�against futu�e monthJy lnstallments o!Funds./f the amount o� .
<br /> � . thB funds he/d by BeneNclary shal!not be suthcieni to pay tares,assessments,�nsu�ance p►ermums and graund rents as they/aU due. `
<br /> • - �- - �� -� -- "-- - Tiustor shal/pay M BBnefrcPary sny amouat neCessary!o mak9 up!he defrcienCy wdlfi�i fltiti�r d8y9 ffdm tlf�BBt�nOtiC9 ts l7leile0 6y '���- �- - -
<br /> - l� • ' Bene�rciary to Trustor requesting payrr►ent thereof.Upon payment in tuf►of alt IndeDtedness,Bea�liciary shal!prompity refurrd fo
<br /> • s • Trustor any Funds he/d by Be»eticlary.11 the Trust Pio,perty is sold under the powei ot sate or the Tiust Property ls otherwise acquired „
<br /> � '; by Beneticlary.Beneliclary shall apply,immedrately piior tn the sale of the Tiust P�operfy oi►ts acqulsiban 6y Bene6ciary:any Funds
<br /> - ' hetd by Beneliciary at the time ol appl/cafron as a c�edrt agalnst the Indebredness.ItBeneticiary executes a w�inen waiver at�rusta�
<br /> ' ;• oblr'gations urtde►this p�ragraph 4,Tiustor covenants and agrees to pay.,before the same became de�rnque»t.a/1 taxes.assessments.
<br /> . • ac+t+erwaa�es rHeanwsON�� ' ; + �
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