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<br /> �y D�ed of Trast � � °
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<br /> �N 8 pEED OF TRUST Is made thla � day of.Apr i 1 , �g 94�by end botween..B�d. • s
<br /> � �;•�,;;,;,� � a �ab as Corooration whethe�oneo�more,(herelnafte►celled tha"Trusror'), •�
<br /> � s�,rhose ma►Ang addreas!s ° ^ °^° �n�a_ Grand x s lattd. N6 ��
<br /> 1�ORWEST BA�fK..Na}�c8ek8.a. Nat+onai Aseociation ereln e► alled h "Trust e") v�hosemulHn�addres�Is
<br /> n� c�_ xr _t . Grand Zsland, N� ,pnd NOAWEST�ANKN�ra��� �at�ona� �esoc�aCfon ,(herelnelte►
<br /> � , celled the"BeneNclary'I,whose mslling address!s 'n' r-', ?'a °� . Grand x slaad._19E A82 • . �;
<br /> -- � WlTAfESSETH: . :
<br /> !f 7NlS BOX/S CHECKED(lIX J THJS DEED OF TRt1ST CONSTITlJTES A CONSTRUCTION '�
<br /> ORANTS AND CO STITUTES A CONSTRUCTION SECUAITY lNTTER ST�N TN PROpER�ES, �
<br /> DESCRfBEO HEREIMBELOW.
<br /> . .er�x. r�nn�.��m A�m IJAl100������a����••�
<br /> WHEREAS Trus tor s lndebted to�enaflclary!n the pdncJpel sam of ril 7 _,19 9�.(h¢re�v�after '
<br /> Dollars(S �� Q�o• � ).whtcfi�indebtedness!s evidenced by Tousior's promissory note daied�� � .
<br /> ca0ed the"Note'),payable to t0►e o�der o9�eneficiary and having�maturiry o/.�atdla&t 10 ,1�
<br /> NOW,THEREFORE,lor the purpose ot smcuring: ' ,
<br /> ' � (a) payment of the Noto,tageU►er with interest thereon,late charges,p�epayment penafties,any luture�dvances,and att exRensJons. . • ,::;; ,.
<br /> ,.ti,�;...�.;..' modiffcations,substitudons and rer�ewals thereof, ;� +�'� ` ,�
<br /> ��'� `�� (b) pay�ent of all other st�ms,/ees o�cherges,togethe�wrth inieresi thar�on,atfvan�ed to p�otacS the secu�iry of this Daed o/�iust and , � , � ,i 4,rr , ��
<br /> �',r t `t'�a�ty tfie pe�lor�ance oi the covenants end agreements of Tiusta, whether or not set fonh he�ein. � � f �'��'�f' `"
<br /> �i°..`:.;,.,-.1r..h✓. ` ' � �jt s�'�,� ).
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<br /> �,s�;,��;,,,,,,,,,,;,,;,,,,�,�_.. (c) peAormance,dlscharge oiand compllance witff���ery term.cmuenant,o611g&tion and ag�eement vf�rus4��contained horeiv,or � . ;,;;�;r�,?,;t;,;t:., ;�;
<br /> �_.•?}� 1nCO�porated by referenCe or any ofhe►Securery Inslra�mend a�anytlme given to secure ihe Nota,ar�d , : . ,, 1� �'r ��
<br /> '(t{=��``:� �`�au;';:,e:'� f 1 ,. , .
<br /> , , .;.. _ , , h• d /P�e►epayrnent o1 aN other sums o��uture advances,w'rtAc inter�st t�iereon.►vniCh r»ay�erelofo��hav�tr0en or hereafrer�e�deamc6¢F ,( ;
<br /> '��;;�:;:�.. �';�� ��.�,a by Beneliciary to 7iusio�or�iusto�'s suCCess��ln Inte�esi o�ti11e. r
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<br /> ��;'i'i� 8Il Ol WAlCOI 1S O1�P91R8'1@I COIIBCBVBQ/CaI/BtD U�@"Insteb?ednass",1'ra�sio�inevaaa0sy grar�ts an�rransfers to Tiustee,in trust. WITH POW ;
<br /> ��i�;�.ti:'S;�.:;'`,�,'r�,,,:��t OF SALE,the tolloweng desc�l�bed proparl�r: �
<br /> •,J;�.;•t ,,:..: ,
<br /> ' � Lot Twenty Three (2�?, in Castle Estates Subdivision, Hall County, Nebraska. ( ;,:
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<br /> togeiher wlth(J)all bulldings,stnrctures,addldons,enlargemsnta,modlNcadons,repalrs,replacements,end lmprovements now or hereahei + ; �1 '
<br /> locsted thereon,(B)a!1 eqaipment,mechlnery and/lxtures(lncluding,without IJmltetlon,all llghdng,headng,ven6lating,cooling,e!i I .
<br /> condldoning,spdnkling and plambing 1lxtures,water and power aystems,englnes,bollers,ranges,ovens,dlshwashers,minois and►nantels. I • }
<br /> csrpedng,lurneces,oil bumers,elevators end motors,re�iigeratlon plants or units,communlcatlon systems,dynamos,translo�mers,edectiical i I
<br /> eqelpment,storm and ac►een wlrrdows,doors,awnings and shades)naw or herealter attached to,or bullt/n,any buifding or lmprovernent �
<br /> now or heres/ter located thereon,(!!Q e1!easemenis and rlghts o/way appunenant thereto,(iv),all leasehold estate,dght,tiUe snd interest of � � . ���1
<br /> Tnrstor ln end to ali leases,whether now or hereafter existing or entered into(including,without limlteUon,all cash end secwlty deposits, �'•�a�
<br /> advanCe►entals and deposlts or payments of a slmllar natu�e),peReining theieto,(v)ail rents,issaes,p�olits end income tl�erelrom(sub(ect � �?'r'`
<br /> to the dght of Trustor to collect and appty such rents,issues,profrts snd income as they become due and psysble so fong as no event ol `�� ' 1S�'
<br /> delau/t exists heieunder),(v!)alt royalties,m/neral,oi!and gas righfs and profits,water,wate�rlghts,and water stock,(v!i)al/tenements,
<br /> hereditements,pdvlleges and appuRenances be/ongJng,used or en/oyed in connecBon t herewi t h,en d(v lii)a ll p ro c e e d s ot conversion, i.
<br /> volantary orinvoluntary,ol any of the JoregoJng into cash or liquidated clalms(including,without limftation,proceeds of lnsuience and :;r;`
<br /> condemnatJon awards),all of whlch!s herelnaRer collectively caJled the"Tiust Property". . •
<br /> TO PROTECT THE SECURlTY OF THIS DEED OF TRUST, TRUS70R COVENANTS AND AGREES AS FOlLOWS: � �
<br /> 1. Title.Trustor covenants,warrants and ag�ees with Beneficiary,its successors and assigns,that Tiustor owns the Tiust Property lree ���-;�
<br /> � bom any pdor lien or encumbrance,that thls Deed o/Tiust(s and w!!I remain a valld and en/orceable Nrst lien on the Tiust Prope►ty, ,
<br /> that T►ustor,af fts expense,wlll preserve such titie and will maintain ihis Deed of Trust as a liist and paramount lien uAon the Trust i .
<br /> Properry and wil!forever warrant and de�end the validity and p►ioriry ol the lien hereo/against the claims ol all persons and parties
<br /> whomsoever.7�ustor,et its expense,w!1!cause this Deed of Tiust,and each amendment or supplement hereto,to be fifed and , ��.:
<br /> �eCOrded as a mortgage o/the Tiust Properry in such manner and in such place and will take such action es in the opinion 0�Tiustee
<br /> "'� �� may be requlred by any present or lutare law in order to perfect,maintain and proteci the lien of thls Deed o/Tiust as the seme may ,
<br /> . � be amended or surpfemented lrom time to time.Trustor will make such IuKher assu�ence or assurances ro pedect fts title to the Tiust
<br /> ',� • � . Property as mey be required by Beneticiary.Trustor nereby relinquisha�n!!right ot dowar and homestead i»and to the Trust Propariy.
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<br /> � . 2. Aayment ol fndebtedness. Tiustor shall punctually pay the pnncipal of and interest on the Indebtedness secured hereby.
<br /> � 3. Consbuc�on ol Improvements.Trusta shalf complete fn good and workmanlike manner any buildings,improvements or repairs re/a6ng
<br /> therero whlch may be begun on the Trust Properry or contempleted by the losn evidenced by the Note secured he►eby,to pay when
<br /> due all costs and Ilabilities incuned there%ro.and not ro permif eny constrac6on lien against such Trust Properry.In the eveM
<br /> construcHon o/buildings,lmprovements or repeirs are contempfated,Trustor afso agrees,anything in this Deed ol Trust ro the contrary
<br /> notwithstanding:(a)to prompHy commence any such work and ro complete the proposed improvements promptly,(bj to complete the
<br /> seme in aCCOrdance with the plens and specl6cations as approved by Bene�icrary, (C)to Compfy wrth 811 ttle terms o1 a bullding loan
<br /> agreerr+en[,if any,between Trustor and Benellciary.the terms ol which are inCOrporated herem by reterence end made a pert he�eof,
<br /> (d)to allow Beneficiery to inspect the Trust Property at aJl 6mes durrng construction,and(e)io replece eny work w materiafs
<br /> unsatislactory to Benel/clary wfthin 1lReen(15)days after w�itten notice lrom Beneticiary ot such tact.
<br /> 4. Funds!o�Peyment ol Charges.Subject to applicable!aw or to e wiitten waiver by Beneficiary.T�ustor shafl pay to BeneBr,iery on the
<br /> fi►st day of each month,or such other date each month as may be spec�lred by 8eneliciary,until the Indebtedness is paid in tu/l.a sum
<br /> (here(nafter cafled the"Funds")equal to 1 12th ol the yearly taxes and assessmenis which may aKain priority over th�s Deed ot Trust
<br /> and ground rents on the Trust Property,it any,plus i 12th of the yea�',pram•�::»insiellments lor hazard msurance,plus 1 12th of the
<br /> yearly premium Insislfinents�or mortgage insurance.d eny, all as►essonably est�mated mdially and lrom hme to t�me by Bene�iclary on
<br /> . T�� f.....d..wMn11 Mn ti..�.r;.,a.,�ncr;�,ninn fhw dwnnsits o�
<br /> � thA bBSIS Of BSSBSSments ano D�iis ano�easoneu�a n�ii���di�o i��bte�.. �.�Q.��...��..........••..•.-•••-••���-•••-•- �
<br /> aCCOUnts ol which ere insured o�gusranteed by a federal or state agency including Beneficiary.8ene/iciary shall apply the Funds to
<br /> pay said taxes,essessments,insurance premiums and ground rents.Beneliciary shell not be required to pay T�ustor any interest or
<br /> eam(ngs on the Funds.Benellciary shall give to Trustor,w,thout charge,an ennual accounting ol the Funds showing credits and
<br /> de6lts to the Funds and the purpose 1or which each debd to the Funds was mede. The Funds are pledged as edddional security for
<br /> •- the lndebtedness secured by this Deed o/Trust.'/the amount of the Funds held by Bene�iciary.together wrth the/uture monthly
<br /> $ , �.'��� Instsll�»ents of Funds payable prior to the due dates of ta�ces,assessments,insurance premiums and ground►ents,shall exceed the
<br /> amount requlred to pay seld taxes,assessments,insurance premiums and ground rents as they fall due,such excess shaU be,at
<br /> . . Trustor's option,either promptly repald to Trustor or c�edited to Trustor against futu�e monfhly installments ol Funds.I!the amoant ol
<br /> :',•�;,;�'; � the Funds held by Beneliclary sha/!not be sutficient to pay taxes,assessments,insurance premiums and ground►ents as they�all due, ;
<br /> 7rustor shall pay to Beneflciary any emount necessary to make up the deficiency within thirty days/rom the date notice�s m.ailed by
<br /> � ����i� � Beneficlary to Tiustor requesNng paymenf thereoi. Upon paymen►in lull of all Indebtedness, 8ene!lciary shall promptly relund to
<br /> Trustor any Funds held 6y Beneflciary.ll the Trust Property is sold under the power of sale or the 7rust Property is othenvlse acquired ;
<br /> ' � by Beneliclary,Benellciary shall appfy,immedfetely p�ior tu the sale ol the Tiust Properry or Jts acquisitlon by Beneliciary, any Funds
<br /> .. � held by Bene/iclary at the time of application es a credit against the Indebtedness. 1/Bene/iciary executes a written waiver oi 7rustor's
<br /> obNgatlans undei this paragraph 4,Tiustor covenants and agrees to pay,belore the same become delinquent, all taxes,assessments.
<br /> i NC�Ti67 AITO J�bs lNeD�atka O�tyl � ._
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