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<br /> DEED OF TRUST
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<br /> - ., L.,,:,_ �,Ka Th(s DEED OF TRUST is made�a of the 1S INd�y of Fsbtuary, 1894 by and
<br /> � •�•��,� ;r�- amo�g the Trusto�,ABC ENGINEERED TRUSSE� � C., a Nabraska corpo�aUon,
<br /> � whose mailin�addross for purpoaes ot this Deed a�°Tnat is 1913 E.Cfta�On Way,
<br /> '�-��--°�� Grand Island�NE 86801 (herein"Tnasto�',whether one or moro),the Truetee,
<br /> $••f�'�'�1� � � At�EN6 R.BAACK Attomey at Law�whoae mailin�address is P O. Box 7A0,Grand
<br /> ����=�"���`'��j ��'` Island,NE 88602-b790(harein "Trustee")and theBeneficaary,t3RAND ISLAND
<br /> .���,k.,.���_
<br /> l�=�•�y� ��� •�••• FINANCE COMPANY,whose mailing address is 204 North Walnut Stroet,P.O.
<br /> � — • •���w•T� � Box 1164,Grand Island�NE 68802-7164(herein"Lende�"�.
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<br /> '� . '' FOR VALUABLE CONSIDERATION, including Lender's extension of credit
<br /> ,��. ��_�. r����ti`.' identifled herein to ABC ENGINEERED TRUSSES, INC. (herein"Borrowe�', whether
<br /> ' '� ` � �'` one or more)�and the trust herein created,the receipt of which is hereby acknowl••
<br /> ��� ` edged Trustor hereby imevocable grants,transfers�conveys and assi�ns to Tn�stee,IN
<br /> :� ' TRU�'C�WITH POWER dF SALE,for the benefiit and security of the Lender.under and
<br /> • 1 " subject to the tenns and conditions herelnefter set forth,le�ally described as follows:
<br /> � The West TwaThirds(2/3 of Lot Three(3), Block Sixty-Fou�(64),
<br /> • Originai Town of Grand Is�end,Hall County. Nebraska.
<br /> � together with all buildings, improvements,fixtures� streets, alleys,passageways�ease-
<br /> ments, rlghts,privileges and appu�tenances located thereon or in anywlse pertaining
<br /> thereto, and the rents,issues and profits,reversions and remainders thereof.and such
<br /> pe�sonai property that is attached to the imp�ovements so as to constitute a fixture�
<br /> inciuding, but no�limited to, heating and co�ling equipment and together with the
<br /> - - homeaie�ac�c�i�'ii�iit&i liitst'e�t�,tf any,whlch intetssts sss t�ereb�release�end watyAd.
<br /> " all of which, Including replacements and additions thereto, is hereby declared to be a
<br /> pa�t of the�eal estate secured by the lien of this Deed of Tnist and all of the foregoing
<br /> being refeRed to herein as the"Property".
<br /> This Deed of Trust shall secure(a the payment�o the p�incipal sum and interest
<br /> evidenced b a Deed of Trust Note date�Feb�uary-is1994, having a maturlty_date of
<br /> ' . March 1� 19�9, in the originai prjncipal amount of Forty-Seven Thousand and No/100
<br /> � Dollars($47,000.00), and any and all modifications,axtensions and renewals thereof or
<br /> 1 thereto and an and all future advances and re-advances to Borrower(or eny of them if
<br /> ' more than one�hereunder pursuant to one o�more promissory notes or credit agree-
<br /> ments(herein called "Note');(b)the payment of other sums advanced by Lender to
<br /> protect the security of the Note; (c)the performance of all covenants and ag reements of
<br /> Trustor set forth herein; and (d) alf present and future indebtedness and obligations of
<br /> Borrower(or any of them if more than one)to Lender whether direct, indirect,absolute
<br /> � or contingent and whether arising by note,guaranty,overdraft a�othervvise. The Note,
<br /> this Deed of Trust and any and all other documents that secure the Note or otherwise
<br /> executed in connection therewith,including without limitation guarantees,security
<br /> - agreements and assignments of leases and rents, shall be referred to herein as the
<br /> "Loan Instruments".
<br /> 7RUSTt?R COVENANTS AND AGREES WITH LENDER AS FOLLOVJS:
<br /> �. 1. Payment of indebtedness. All indebtedness secured hereby shall be paid �
<br /> when due.
<br /> � ' 2. Ii1l�. Trustor is the owne�of the Property,has the right and authority to con-
<br /> vey the Property and warrants that the lien created hereby is a first and prior lien on the �
<br /> Property and the execution and delivery of the Deed of Trust does not violate any con-
<br /> . tract or other obligation to which Trustor is subject.
<br /> � 3. Taxes.Assessments. To pay before delinquent all taxes,speciai assess-
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<br /> � ments and all other charges against the Property now or hereafter levied.
<br /> ' 4. Insurance. To keep the Property insured against damage by fire hazar�s
<br /> � included with the term"extended coverage"and such other hazards as Lertder may
<br /> , � require in amounts and with companies acceptable to Lender, naming Lender as an
<br /> ' , additiona{nanied insured with loss payabie to the Lender. In case of loss under such
<br /> ' policies, the Lender is authorized to adjust, collect and compromise ali claims there-
<br /> under and shall have the option of app�ying all or part of the insurance proceeds�i) to
<br /> � : any indebtedness secured hereby and m such order as Lender may determine, (ii)to
<br /> f j the Trustor to be used for the�epair o�restoration of the Property , or(iii)for any other
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