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<br /> _ THIS D�ED.OF tRU3T fs n�tlUs�Qib._d�yo/ .laauary ;ip 9$....bY ar{d t�wwr+ �r�••�+••� �+••F*���d �
<br /> - -_--- w1�ffNron�arn�on.(h�r�fiirf[rrcaNdEh�"TrtMlor').
<br /> � wt►a�m�rqad�dnss ��s6n �_ �nts. a,..a _ n.«�����-..r�8832 � ..
<br /> --- �y �K (Mnj►i�Alircall�dtl►�•'TiustiM"),wAa�mafNYg.id�d�alr
<br /> __ - — I�e��u-rlin toa - ast n s NE ���grg�{�y}� K�brast:, Natfe�i,���iitinw ���
<br /> � . C�OfM��e/A�ry��j,��M1Q[d�Sh .�1'r ib�tnn � ���,�,� NF 6AQA7 --
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<br /> -� - _--- ,- -- � W/lNE5SE7H: . . _
<br /> IF 1 H/S BOX 1S CHECKEp�Z j THISOiFED OF TRUST CONSTlTUTES ACONSTAUCTlON
<br /> � . SECURi1YA8AEEMEM'UNDiERTHEl�1�BRASIGI CONSTRUCT/ONUENACIANO CIREATES,
<br /> - QRANTSANDCONSTRIJTESACONSTR!/CTIONSECUR/IYIM�EREST/NTHEPAOPER?Y • .
<br /> 'f��� L�ESCRIBED NEREINBELOW. • �
<br /> $i WHEREAS,Truslo►!s JrxMblMd b B�N�icl�ry it tl!!prfiiCTpd su»Ot Fif tv Niitt Thouil�nd uuQ tio/Iw
<br />� . p�a�59.0OO.OQ ).wVMch indcDtadntss ts ewder►cs0 Dy Tnat+ora prorNssory not�dated 1/20 ,f8�.l►�+s(nahw
<br /> ' .` �+Isd 1t�s"Atats').P�J�aD1s b d►e ordsrol�luy arid Iwvir►g a macur�y of�t- 1 ,�9Q� ,
<br />,�' r
<br /> = � nrow,rN��oq��r n,s�xmose aseca►;� .
<br /> . ..:��`�=-:° (a) Faymer',t a the nrore,logeMer wil!►trnerest d�e►ean.►are charge�prevernerrtpenat�ies,any tuawe advences,ane aN exrenarons ,
<br /> J-- �-�. - ►nod,lilFcstlon�atnbsA�dldans and renewals M►e�reo%
<br /> �` h �,. aara�b.awns.Ae�s acnsig!es,togeme�wia,rMeresrrNerson,advmiced ro protecr n►e secunTyaaKS oeeoa raat aed = —.
<br /> ;,�,;,'��� ..; rol �r�B1� - --
<br /> - _ _.T��:� tlre porlwmance d ths co�rona►ns and sgreemenLso/Trusto►,whetl►era not setfbrdr herein. � • i,-._--:
<br /> �•, n � , fc� psAbrmanc�d�scharps ol eRd CAmp�f'ancs wftl►every term,aover►a►�obfigadortMd ag�eemerNot Tiust+or contak�ed hertih 0► _ -
<br /> - �- �ncarparateri by rskrence a any od�ersecrx+h lnsoLment at anya�rrie gtver►to s�curo tde Nnte,and --
<br /> ' �.��r��'' (d1 f�ropaynierk ol aI afher aums a h�lmeadvances.wid►i�rest ther�on,wWch may heretalbis frav�e been ar hereaf[er�e advarx�d —_-_
<br /> � r�".�� 5:�!'�.� byBenelicraryto7ruataraTiusrorss�xacessorfiinterestasde, — _
<br /> �'':•�-�..;'_:::.:';.;� �-� �;��:=
<br /> .° aN of wNch fs liereTnaRer coNec�w9ly caNed the"lndebtedness':Trustor IrreviocaGly grants and bartslers to Tieistee.lrlOvsL WITf!POWER
<br /> _---�-�-ur=: -OF SAL�fNa�fuAuwb+B descr►bed PraPah: . _ ��_
<br /> :• ' ..-,�_„
<br /> . ' . North Ane-8alf of East Que-Aalf of Northesst Quarter (N},E}, NE}) of Sectioa • ����`_
<br /> . � . Niaeteen (19), Tovnahip Niae (9), North, Itange Ten (10), �Test of the 6th P.M., ' �":=,`r,4;r
<br /> _ x
<br /> . .�•�.: � Hall Countq, Nebraska. , • :� �`"-
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<br /> •.�.,. �,—__�----. . � �-.
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<br />; , :• , . � ibgethe�r wiNr n a/l buildings,itNCtures,addrdons,eMargemerna.modiRcadons.repalra,rep/acemer�a►,and lmproveme�nts raw or IareaRer
<br /> . I�ncated thergon.!Ii)all equlpmen�machlnery and fixturos(lnc/uding.wfthout ilmftatlon,�l IlghGng,�dng,ver�tilabng,cooling,air 3:
<br /> • • � . ea�difloning.sPdnlaYng and pkanWng fixeu►'e�water and powet systems englnes.bollers.isnges,ovens d►shwashers.ml�r,ors and mantsis �t�''-,
<br /> . �-:.--.
<br /> . ,. carpeiriq`.Itr►neces,d/bumer�elevators and motas:rehfgeration plenGS a unfts,commuMcatlon systems.dynamos,bansfbrmer�eleCbkal :__--"'�'€,.
<br /> ;'_ '
<br /> - :._.:. . _ - equlpment,st�+rm and screer►w/ndows,doas.awn/nqs ar�shades)r►ow a he�e�Rer attached to,w bu!!t/n,amyh�ilding or lmproiromeM '•; �i'-
<br /> � . . . now a hereaRe►/ocated thereon,pin all easements and dghts of way appurtenant thereb,frv).all leasehold es[a[�;�Ight,title and Interest ot � � `�?`''�-
<br /> �` .�;.�.;��'•� Trusb►!n and to ail leases whefher now or/rereafterexlsting a entered Mto(Including,wifhout IImKaGion,all casli�rtd secudty deposits, • _ • -_
<br /> .?r,•°% ..�• �� advance rer►ta/s and deposits a payme►rts ot a slmflar natme),penaining thereto,(v)aq rertts,lssues profits and lncome theretram(anbJect __
<br /> _ _ ���:�`%�.�. tc fhe nght o/Tmsta to collect and app/y sueh rer�s.lssues,profns and income as they become due and payab/a so long es no event of � T
<br /> � � . ; .,
<br />- . . - � tle/auU e�rists hereunder),(vn a/l roya(tles,m/neral,oi!arrd gas dghts and proflts,w8ter,water dghts,�qd water sixk,(vli)a�l tenements,
<br />_ . heredKaments.p�fvileges and appuRenances trelanging,used or enJoyed in connecdon Merewith,and(vli�a!f proceeds of comerslon. � : �.: ,.-
<br />- 4 � .. Nolurtt a ry a Invduntary,o/any ol the foregang inro cash or qqnit/ated cla/ms(including,without frmftation,proceeds ol rnsurance and f ���_�
<br /> , condemnadon awards),all of whlch Is hereinafter collective�y ca!!ed the"Tiust Prope�ty". ! . . �:; •'
<br /> � � TO PROTECT rHE SECURITY OF 1H1S OFED OF�Rt/ST,TRl1STOR COVENANTS AND AGREES AS fOLLOWS: f�'�' • '.��,.��. .
<br /> - �• , -���� ' J. TiUe.Trr�storcove�ants,war�ants and ag�ees wiU�Bene�alary,its successors and asslgns,daat Tiystor owns the Tiusf Pro,seity hee _ . .
<br /> rs
<br /> : � from any pnalien oi encumbrance,that th/s Deed o/Tiust Js and wi11 remein a valid and enforceable Brsili�n on the Trust Prope►ly, ( .,
<br /> �� � � � � .' • that tast�r,at its expense,wlli preserve such titie arrd w1U malniain thls Deed of Tirrst as a li�st and paramaamt 11en upon the Tiust ; • '` � �� � "
<br /> - Property and wlll brever wananf and defend tha vahdiry and prioriry o/the!!en heraof agalnst the clalms otaft pe�sons and pe�Nes � ' :. •.,,
<br /> � � � whomsoevei Tiusta,at its expense,will cause this Deed of Trust,and each amendmenf oi supp/emenr he�eto,to be�iled end
<br /> • recorded as a mortgage ol the Tiust Property In such manner and ln such place and will take such action as!a the op/nlon of Trastee - •'� � '
<br /> - � � ° - � ' may be requHed by eny present or lutu�e lawln order to pedect,malntein esd protect the lien ol thJs Deed o1 t►�st as the same may , .-
<br /> ".�t=.�'.._, _� ._'. • be amended a suppiemeated l�an t/me to time.Tiusto�will makg such/uRhei assurance or assurances to pedect its tltle to the Trusl _ � .
<br /> ', • PropeAy as may be►equlred by Beneliclary.Trustar hereby�elinquishes alt dght o!dower and homestead in and tv the trust Praperiy. � � �� . �...
<br /> , ,� 2. Payme►►t of Indebtedness.Tiustor aha�l punctually pay the pdac/pal of and Irtterest on the Jndebtedness secured hereby. � . . =.
<br /> �`;��;:�•• 3. Consbuctlon of lmprovemeMs.Tiustor ahalf camp/ete!n good and warkmanlike manner any bulldings,improvements a repa��s�elating ; • " ;�;
<br /> � '�`• . _� -.-..� ' fhereto whlch may be begun on the Trust�roperty or conte++rplated by the loan evidenced by the Note secured here�y.�'�pay when .
<br /> � � due a/l costs end 11ab1IlUes lncuned therefae,and not to�ermit any constnrctlon lien against such Trust Property.!n t!"�e.�3nt • .
<br /> � � - . �. � conshucOfon ol bufldings,lmprovemems or repalrs are contemp/ated,Tiustor also agrees,anythMg!n th/s Deed o/Trust to the conhary
<br /> , . . nolwJthstanding;(a)to prompity commence any such worN and to complete the proposed Imp�ovements prdmpUy,(b)to comp/ete the .
<br /> � . � ... � same In accadance w/th ihe p/ans and specilicailons as apprpved by Beneliclary,(c)to compty with ap the terms ol a bullding Joan •
<br />� 8gieemenf,!!any,between Tiustor artd Benellciary,the terms ol whlch are Incorpoiated hereln by relerence and made a pait hereol,
<br /> ;�'. � � (d)to elbw BeneBClary to lnspact the Trusf Prope�iy at a/l Umes dudng conshuctlon,and(e)to replace any wark or matedals , � •
<br />" :'� �__-.•::;��,r�;`;_� � unaetis/actory tn 8enefrciary wifhin fiR'een!!5)days alter written notice from BeneficJary of sucb/aCt • _ _ _
<br /> " :- �•'����'-''� • I. Funds kr Payment o/Charges.Subject to applicaWe!aw or to a written walverby BeneHc/ary,Tiusror shali pay to Benefir,iary on the •
<br /> '��?-=���. � ` � � IPist dayW each month,asuch other date eacA month as may be specNled by Beneliclary,until the fndebtedrress/s paid tn fulf,a sum
<br /> _ ' '�" `^�'�' � '• ' (hsroinafter ca/led fhe"Funds')eque/to 1/t2th of tfre yearly taxes and assessments whlch may attatn prlority over thls QEed ot 7rust
<br /> _ � -� ' ` ' and graund rents on the Tiust Prape�ty,U any,plus f if2th ol the y8a�1y premium instaflmenfs for hazerd lnsu►ance,plus f:fZfh oi the .
<br /> ysMy promlum rnstaliments for mortgage insurance,if any,all as reasona6ly estlmated lnitla/ly end fiom dme to tim�by BeneficJary on •
<br /> fhs basls o/assessrtle►►ts artd bfNS arM►easorta8l9 eslJmates tr�rerol.The�un�s shail be he/d In an�nsaltWon.the deposits ar • - .
<br /> .'� � accounl�ol whkh aro lnsuied a guaraMaed Dy e federal or state agencylnclud/ng Benercisry.BeneNclary shall apply the Funds to . -
<br /> rs;,��:�"�;`=="-��" . ' � pay 8ald ta�res,assessrnents;lnsurance prerri�;r,-s ar�d graund rents.BeneTclary shalt noi be reqalred ro pay TiUStor any lnterest or � .
<br /> �t� � ' eamings on the Funds Be►reflcfary shall glve to trustor,without charge,an annuat accouRDng of the Funds showing c�ed'rts artd •
<br /> �; . d�fXls i+�fhs Funda and the parpose for whlch each debit to the Fudds was made.The F�nds are pledged as additionaJ agcwfty br
<br /> � fhs MdsOMdrbssseCUrod Dy ihTS Oeed of Trost Nthe amounf o/theFunds held by BeneBClary,togeU►er wlth the luhne monthly ' '
<br /> � � 1nshMaNnts a/Fwrds pey�b/e prNx to the due dates ol taxes,assessments,lnaurence premtums erid ground ront9,ahall'exceed t!►e • �
<br /> _ __= amount ropuirod ro pey 3aid taxe�,as5essmAnfs.lnsr��ance prertrJums and gr�wrtd rents as Mey tall due,such excess shall be,at
<br /> = 7natqr's qptlan,eldher pranpfyrqpaid to Tiustor a credited to 7rtrstw agalnst hrfuro monthly/nstallments ol Fands.N the amount ol
<br /> tl�Funds he�d Dy Beu�elCc9aiy ahaN not be snA'klent to pa}r tazes,assessn�ents,lnsurancs premiums end ground rents as drey fall due, '
<br /> - �ilu�br.shaMPay ta Bt�f�clarY ai+Y�Imourn necessary to make�p the dsl�cle�cY wifNn thiity days h�rp ths date rwNCe/s matlsd 6Y s . .
<br />__ -- - - Tiud�vr ar�Fwxh l�e/d��ihemol.UPan PeYment ln fullol a!I lndebtedness.BeneRclary ahail prorripdy retu»d ro ; -- --:_
<br /> y Propeityls sold unde►the powe►01 sals or the Trust P�op�e►ly Is othe�wlse 8cqulied
<br /> - by e.n.Mcjay.sene�ayanara�ry.Immedlately pria[a thesale of Me trustProperty ails acqutslNon by Benefrclary,any Funds � .
<br /> -- hNdby B�fary�ttl��Yns ol appNcadon as a crodif agdn�t the lndebtsdnass.U Bensliclary executes a wrftten waiver ol TiusMrs �
<br /> 'o6�liaes urtd�rMYt para�r�ph I.Tirueor covenanta.arwl ayne�ss M pay,hel�as ths aarne 6ecaf�e deNnque►�aU taxes.assessnrents. �; .
<br /> nc+�+nrraa�a�erearudrq � '� � '
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