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<br /> __ `�"r ' �'H t � '.�94�-101189
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<br /> THIS TRUST DHED,tnld�thl1� '"day of Februarv ,t�_�bp u1d tn10n0 �T'�=■ A. Sv�nson,
<br /> __ I i�:aa m�e l�a C���n�on, husband and wife p0 Bax 522 Wood Rive� NE 68883
<br /> (IwNn"Trwta'7;and IIM N�IMd wla��multrp Wdr�k P.O.Box 487.Wood Rivar.Nsbraka 68893.(h�nin"Truste�,�uid,�B�r»Iici�ry'y.
<br /> FOR VALUA/tE COlK�O�ATION,inckdhp th�ind�bt�dn�s�ied�ntifi�d I��in and tiw trost t��in u�atd, th�naipt of wNch is h�►�b1r
<br /> odcnowbdp�d,T�ustor irnvacoWy�ants,tromfKS,caw�ys,and cssipns to Trustw, IN TRUST,WITH POWER OF SAIE, fa th�b�fit ad !
<br /> 1. saurity of Mn�fkiary,und�ond wbj�ct to tM tKms and conditlons of this Dwd of Trust,th�r�ol propKty d�sc.�lb�d us fotbws�
<br /> ��. m� The West Three feet and Two and Three Quartere Inchea (W3' 2 3/4") of Lot Four (4)
<br /> ''-`� "`"i�? ` and all of Lots Five (S) and Six (6), Block Twenty Five (25), in the Original Town of
<br /> ��;,,��`��._
<br /> — _ ------ Hood River, Hall County, Nebraska and part vacated North Street ae shown in Ordinance No.
<br /> __�;� .-��;,,�;;;�,,� 21, recorded in Hook "N", Page 660. !
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<br /> — --�- - - �fxiEtHER WiiH,oli renis,p�ufiis,royaitiss,+ntama and athar bcnafils dsrivrd from the real prn�.+nrty;oll leases or subleas�s coverinq tha
<br /> rtol property or ony portion tlwreof,now or hereafter existing or enterod into,and all riyht, titl�and interest of Trustor thereund�r.all in-
<br /> ttrests,astatQ or other cloims,both in law and in equity,which Trustor now has or may hereofter acqufre in the real property;oll aasements.
<br /> � rphts�of-way, tenements, hereditoments ond oppurtenonces thereof and thereto; all oil and gos rights and p►ofits,wator rights and weter �
<br /> stock;all riyht,title and interest of Trustor,now owned or hereofter acquired,in and to ony land lying within the riqht•of•woy of any street or
<br /> hiyhway adjoinir�the reol property,any and oll buildin9s, fiztures,improvQments, and appurtenances now or heraoher erected thereon or
<br /> belonqiny thereto,(herein referred to as"�mprovement"or"Improvements");und any and aQ awards mad�for the takiny by eminent domain
<br /> � � a by any praQedinq or purchose in�ieu thereof,of the whola a any po�t of the reol property. ,�' '
<br /> t, All of tht for�yoiny�stute,propeny ond interest hQreby conwyed to Trostee herein collectively refarred to os thQ"Property". �__
<br /> j i THIS DEED OF TRUST SHAII SECURE:
<br /> ` (a)The payment of indebtedness evidenced by Trustor's note of even date herewith in the principol sum of_ _—.__--— .-
<br /> ' " THIItTY THOUSAND AND__N�100----_-_------------------------=���p�s lS.-30�000.00 ___. _ ),
<br /> , topether with interest at the rotQ or rotes provided therein, (herein,together with any and oll renewals,modifications,and extensions thereof, y.
<br /> . rQferr�d to os the"Note'")both principol and interest on the Note bein9 poyable in accadance with the terms set forth therein,reference to ��
<br /> which is hereby made,thQ fino�payment of principol ond interest, it not sooner paid and if no renewols.modificotions or extensions are made. �:•,_
<br /> due ond payable on_ _ Fe_bruary_1.�.2003 with_ upy_extens_ion�..n� LeneS�al�thes�� -- --- � �
<br /> (bJ The performonce of eoch ayreement ond covenant of Trustor herein contuined;ond
<br /> (c1 The payment of any sum ar sums of money with interest thereon which may be hereofter paid or advanced under the terms of this Deed of �
<br /> Trust.
<br /> (d)The paymQnt of any tuture advances necessory to protect the security or any future advance made at the option of the parties;and ,
<br /> ' (e)The performance of an obliyotion of any other person named in this Trust Oeed to a beneficiary. .
<br /> TO PROTECT THE SECURITY OF THIS OEED OF TRUST,TRUSTOR NEREBY COVENANTS ANO AGREES AS FOLIOWS:
<br /> 1.hy�nt oi hinetpd�nd 1�tt��p.Trustor shall pramptly pay when due the pnncipal of and interest on the indebtedness evidenced by the
<br /> Note,and oll other choryes and fees os provided in the Note,aod the principol of and interest on ony Future Advonces secured by this Deed of
<br /> ' Trust.
<br /> � 2.W�mnty ef Titlt.Trustor is lowfully sei:ed and possessed of good and indefeosible title and estate to the Property hereby conveyed and
<br /> hos the ri9ht to grant ond convey the Property; the Property is free and clear of oll liens and entumbrontes except liens now of retord;and
<br /> " Trustor will warront and defend the title to ttie Property against all claims and demands.
<br /> ' 3.M�iets�c��d Co�li�nt�wNM l�ws.Trustor shall keep the Property in good condition ond repair and shall not commit waste or permit
<br /> • impairment or deteriorotion of the Property and shall comply with the provis�ons of any lease if this Deed of Trust is on o leosehold. No improve-
<br /> • me�t now or hereofter erected upon the Property shall be oltered,removed or demolished without the prior written consent of Beneficiary.
<br /> Trustor shalf comply w�th all taws,ordinances,regulotions,covenants,conditions and restrictiom affecting the Property and not commit,suffer.
<br /> or pormit ony act to be done in or upon the Property in violotion of any law,ordinance,regulation, covenant, tondition or restriction.lrustor
<br /> 1 shall completQ or restore promptly and in yood workmanlike manner ony improvement on the Property which may be damaqed or destroyed and
<br /> �__�.._ _u_�_:_..[�.t�1.....�.[......�.�.....1�.,.►..���c f��rnichorl thor�fc�ra nnrl fer anv oltQ►afi0�i thEfEOf.
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<br /> • 4. (etrtMe�.TrUStar,ot its expense,wilt muintain with insurors approved by BQneficiary, insurance with respect to the Improvements and
<br /> � personal property,constitutinq th�Property,oqoinst Ioss by fire, Iightniny, tornado,and other perils ond ho:ords covered by stw;dord extended
<br /> , ! COVKOQf t1ldOrsement, in an amount equal to at least one hundred percent of the full reptocement value thereof ond insuronce against such
<br /> ;f other hatards and in such amounts os is tustomorily tartied by owners and operatws of simular properties or os Be�efitiary may require for its
<br /> ' ; protection.Trustor will comply with such othQr requirements as Beneficiary may from time to time request fa the protection by insurance of the
<br /> interests of fhe respective parties. All insurance policies maintuined pursuant to this Deed of Trust shnll rame Trustor and Beneficiary as m•
<br /> sunds,as their respective inter�sts may oppear,and provide that there shall be no contellotion or modifitation without no Iess than 15 days
<br /> prior written notification to BerKficiory. In the event any policy hereunder is not renQwed on or before 15 days prior to its expirat�on date
<br /> BQn�fitiory may procure such insurance in accordance w�th the provisions of porogroph 7 hereof.Trustor shall deliver to Beneficiory the onginol
<br /> � , pol+ti�s of inswonce and renewals ihereot or memo topies of suth policies end renewols thereof.Failure to furnish such insurance by Trustor or
<br /> ren�wats as r�quired her�under sholl,ot the option of Beneficiary,constitute n defoult.
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