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<br /> ��.,�;��;;.;': DEED OF TRUST ---,�--_ __
<br /> �,--- ;:�-,::
<br /> . ;,:, THIS DEEU OF TRUST.macl�this ist �y p} FebruarY - �i 9 9a �between �,�.'"�^,�:.,..�,,.°�S. �--
<br /> -',`:~'' '" � Robert V. s3tubby, a sinqle p�arson at1'rustor, ---,x,—t1��,� ,,,,,
<br /> „-�: .�' .. F"• .,.�-.--. ---
<br /> � "'� �� � FlrsTier 9ank,Nationai Association,Omaha,Nebraaka ns Trustee, � � � :.�.�: ::�-•��=�=
<br /> .' :� • I -
<br /> 'wus��.' Fln�ler Btnk Natfonat Associatfon Omah N�braska as Beneflciary: i_.. __-
<br /> , . � �'!!�1(+>uRra�•.�.,,.:�:
<br /> .,,,:.. !:;;;s:
<br /> � � WITNESSETN: � � • .. ' '; -_-
<br /> --_«;- �::�.�l;:,
<br /> ����-'
<br /> — .'� �, a That Trustor i��evocably yranta,transfers end aasipns to T�uatee in trust,with power ot sale,the toltowinq described � �
<br /> .�,.�..:_ .,.,�... :.. �� properly: . -
<br /> � i,ots Six (6) , Seven (7) and Eight (8), in Slock Ten (lb) , in Evans Addit�on _�.
<br /> ^�l. .�. �
<br /> v:�. �t:A; to the City of Grand Island, and the Easterly Hal£ (E�i) of vacate8 3uperior �
<br /> _ �- � Street lying adjacent to Lot Six (6), in Block Ten (10), Evans Addition to �
<br /> �N 'i�"'"""�""°�` "' � the City of Grand Island, Nebranka, as vscated by Ordinance Ik5590 by the , . _,., . , ; �.
<br /> ''�'' City of Grand Island, Nebraska, all in Haii County, Nebraska. � �
<br /> • :,
<br /> �.'M' � ` • , � ' . .f�:r• �
<br /> : , � '�l�
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<br /> topethsr wi�h aU interest which Trustor now hat or ma hereafter acquire In and to said praperty and in and to:(a�ail
<br /> { easamsnt��nd ri�hts of wsy appurtenant thsreto;(b)a�tenementa,hereditaments,buitdinpa,atructurea,improvements, "��,, �' �
<br /> flxtures.equipmen�,turnishfnps end appurtenences nnw or hereaRer pleced thereon;(c)ali leasehoid estate,ripht title, � :-
<br /> and Interest of Trustor in a�d to alt leases or subteaaes thereot or any portion thereof now or hereafter existfng or entered ��r
<br /> into,and all ri�ht,title,end intereatoiTrustorthereunder,inctudiny,without Iimitetion,eii cash or securiry deposits,advance • ;=�,; _�
<br /> rentals,and deposits or payments ot sfmilar nature,and(d)all mineral,oit,qas rt�hts and profits,water,water rlghts,and ��
<br /> watar atock.Trustor a�rees to execute and dativer,from time to time,such fuAher instruments as may be requested by �, .
<br /> eenefk:iary in form and substance satist�ctory to Benefiaiary to conii�m the Ifen ot this Deed of T�ust on any ot the � -�+.:
<br /> -. �__--- ---=_-- elorsmenUone�pr�p!Rrty The Qroperty ao conveyed to Trustee hereunder is hereinatter�3terred to as"such property". � � .��
<br /> / The Trustor absoiutety and ir�evocably grants,transfers and assigns to Beneficiary the rents.income,Issues,and profits �
<br /> � � of ail property covered by thi�Oeed of Trus� ; . "
<br /> i �:�.
<br /> FOR THE PURPOSE OF 3ECURINQ: '
<br /> . �.r,�l r
<br /> • 1. Payment of the princip8l sum of Forty thousand and no/t00---------- �:':r[ '.
<br /> . �
<br /> . ---------(540.000.00) Dollars-------- . .
<br /> �' evidenced by tho certafn promissory note dated of even date herewlth(herefnafter referrad toes the"Promiasory Note") ��"
<br /> �. ' ;� __
<br /> � f executed by Robert V. Stubby '�
<br /> in said amount and payabie to the order of Beneticiary maturing on February 1, 1999 , � �
<br /> � together with interest thereon,late charges,and prepayme�t bonuses aacordfn�to the terms of the Promissory tVote .._�_i
<br /> • • and all renewais,extensions,and moditicatfons thereof. ' ��
<br /> . ' •r
<br /> ' 2. Performence,discharge of and compliance with every obilgation,covena�t and agreement ot Trustor incorporated by .
<br /> � ' reference or contained herefn or tn any other securiy agreement or deed of trust at any time given to secure any
<br /> _ • Mdebtedness hereby secured,or any pert thereof. _ �
<br /> • �� :,•.
<br /> • 3. Payment of ali fees and charpes of Beneffciary or Trustee,whether or not set forth herefn. ,__.___ ` _i
<br /> ;��z,,�t - -
<br /> . f`� � �,,,.... TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR COVENANTS: �;''"�
<br /> �LMrr. �y_,�,ry�:,.,r
<br /> �• ' �
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<br /> _{ � TITLE:Thet it is lawtully sefzed and possessed ot a good and indefeasible tltle and estate to all of t�uch property in ee .
<br /> =.�, simpie iree irom any prior Iien or encumbrance,has good right and Iawfui suthorlty to convey the same,and will forever
<br /> � : �; ,, wgrran t an d de fen d t he t i t i e t h e r e t o a g a i n s t t h e c t aim s and demands of ali persons whosoever;that it will,at its expense,
<br /> : � , maintain and preserve the iien oi this Da�ni of i'rust as a first and paramount Iten uFon auch property.
<br /> ' MAINTENANCE:To keep such property in good conditlon and repair,to compiete or restore promptly and in yood and
<br /> '�= � workmanlike manner any buildlnp which may be constructed,damaged or destroyed thereon and to pay,when due,ali i
<br /> ... �.�:..,.,.,
<br /> claims tor labor pertormed and materfals furnished therefore and tor any a►teratians thereot;to comply with the provfafons
<br /> +,,:;,; .. . . , oi all inaurance poticies cove�ln�sald premises,to compiy wfth ali iaws,ordlnancea,regulationa,covenanta,aonditions �_
<br /> ,�:;.�:.i,r: and restrictions aitectinp suah property;not to remove,demolish or materially alter any bufidin�,or the character or use
<br /> _='= thereof at any time th�reon;notto drlil or extract nor to permit the driillnp to�or extrection of oii,Sas or other hydrocarbon _
<br /> -�-�� ' �ubstances.water or a�y miner�l ot any kind unless the written consent ot Beneficlary is had and obtained;notto commit or -
<br /> �s..�..W.��.�r+�.wet or.nvact uoon auch aropertY in vlotetlon of iaw;to doall othe�acts in a timsly and proper manner
<br /> --��---..�........ _
<br /> _:_ � �,�....»�-�------...-�-- - • • ;
<br /> � which irom the character or use of such property may be�easonabiy necassary to protsci�nd preserv�r w�v oo�+���.�,�••o
<br /> _.",.] spec(ftc enumsratlons heroln not excludinp the yeneret. .
<br /> � CONSTRUC710N OF IMPROVEMENTS:To complete in yood end workm�nlike manner any buildiny or imp�ovement or
<br /> repair r�latinp thsreto which may be be�un on such property or contemplated by the toan secured hereby,to pay when due
<br /> all costs�nd Ila�bilitles Incurredthereto�e,and notto permit any mechanic's Ifen apainst such property.Trustor atso a�reea, �.
<br /> anythin� in this Deed of Trust to the cantrary notwithatanding;(a)to promptly commence work and to complete the .�:.�
<br /> propoaed improvements promptly�(b)to compiete same In accordance with plans and apecHications a��pproved by k... .
<br /> Beneflofary�(c)tocomplywithallofthetermsofanybuildin�loanaflreemantbetweenTrustorandBeneticia thetermsof
<br /> .r:��;� which are incorporated hersin by reterence to the eame extent ae if fully net forth herein end made a part ot this Deed of
<br /> - Trut�(d)t�o�Ibw 8eneflat�ry to Inspeat such property at ali times durinp construction,and(s)to reptace any work or .
<br /> -- matarlate�umatl�iactory to B�n�Nat�ry,wtthin fiReen(15)daye aRer w�itten�otice from Benefieiary of auch iact,whiah
<br /> _ --ev i�ie7l�.3��_���3� notice may bs��vsn to Trustor by repistered or certftied mail�aent to hia last known address,or by personal service ot the
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