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<br /> .�,'t.��,.' . .!::`..'.,•� HONIEEQt1fTYUNEAGREEMENY
<br /> '"•;. �.;,,�t:�''" TRUST DEF.D
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<br /> � � ` • :,',�'�� TNIS TitUST DEED.�s.w. ist aav of �►Arii .�s�4•b�.na amono a�.TM.ta�, `
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<br /> � Donald L. Skeen and Sonnie A. Skeen, husband and wi_Pe
<br /> (haveSn°0ortowrr°I.
<br /> ` whossmaiWnpsdaressi� 4214 Lariat lane Grand isiand� NE 68803
<br /> ' " �rd FlraTi�r Umshs� .fl�n•'��uatN•1.�nd tM
<br /> • , B�nsfldary.�iesTi�r Omah . NE .whose maUinp eddre�a ie 1700 A1. Farnam Street.
<br /> , . Omaha. NE 68102 t�+erotn•Lender"). —
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<br /> ' ' BORROINHH,in wnsideretion ot the indebtedness Mrdn tewlved and the trust haroin croeted,t evooably pranm,aansfero,corrvey�ard assigne to
<br /> � '" Truat�e,in TRUST.WITH POYIIER OF SAI.E,d�e foilowtna desaribed property,too�ted in Ha�l Couaty,Nebreske: �"
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<br /> � • `� � Lot Fourteen (14) , Western Iieights Second Subdivision, City of Grand Island,
<br /> ' Hall County, Nebraska. , %�,
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<br /> , �-�"(• } TOGETHER wlth dE buiidinps,fixtures,improvements and appurte�uncea�ow or heroafter erected thereon eM e11 r3pMe-ot-way,easemente,ronti,
<br /> � . '•),'�;..�� issues,profite,ic�eanns,tsnements,iareditamemas,�rivilepea,eppunenances,royaitlea,end eNnerd,oil,gae end water dehts tt�erounto belonpinp,used
<br /> � � o:a:s�:.;c:x�th t��'eand^t ERY� fi89!ttl!lCC�.e4!�a:v?�ich.itsc!!salr.g••r!:.. . a�.d-:..,:w-:�:`� - ^!'...''.!�e d=e�;•�•_w.�....l�...�,u*of �
<br /> _ � !� c_j� tthe�uuoperty eovered by this Ttuss DoeQ;end eoi of¢ho fotepoing toyether with�said propeety ero herein refeaM to es the'Property.' I
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<br /> 'CG}S�CURE to Lender the repeymen4 ot indebtednesa evkJencxd by Borcower'e Home Equfty Une Loan Aereement end Horroo Equity Note dated 'i
<br /> �1pri 1 1 ,19 94,toQether with any end all ronewMs,modificntione,end extensions thereot end eubstltuNons or exchenpea therotot
<br /> _ .��•!; (herein the'Note'1 in the maxirmim prineipat sum outstending et eny one time of 8 15,000.00 .toeether vMth interest et the rate
<br /> '�` ' provWed tMroi�,witA e flnei maturity,if not emonar pa�d,of ADZ'il 1 .19 9�,and as eee�c�ty for any futuro advences that mey
<br /> . ' '';ri,� be mede by the Ler►�er to the 8orcower from hnne tu time end es security for tha payment of any end aU othar indebtedness of the Bonuwer to the
<br /> Lender which mey erise,elI of eeid sums not to exceed in the eqgregate e sum equel to three times the onp��d prindpai emount of the Note. For �
<br /> ��:��`�`.+,;� � pur,�msea of the Home Equity Une Loen Agreeranent,paregrephs 2,3,4,5 and 11 below shafl be a'oerJeed eovertante reiating to the Property. '
<br /> � �'• � �`���t,i,.`� BOl80i0WER covortante that tho Bor►owor is Ievrfuily seited of the Proporty hareby conveyed ar�d Qeas n�e npl�t to yrent end comroy tM Property,that ' �,
<br /> ,�''��`�„ •, y i._.' � the PropeAy is vaeneumbered by eny mortpega,9rast deed,contract to purchase or otherw�se,ettcopt fo�o ,� 1 ,
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<br /> � � ,_t N/A in favmv o4 N/A
<br /> ;;"{',, ' '.;.y,��,��. �oa�which tPoe urnpaid baience on this dete doos a�oe o:ceed S - . Tho Bmnorrer covamoms co comply with eli the terms ord
<br /> ' • •r' pravieions ot erry prior mortyeye,truat daed�r ecntroet to murchoae,upoo 2Pe Property enQ tm�make ell peaymeots thereon boforo they become
<br /> '�;�,; d�Fsnyuent.It rw nnnfe or amouM�a inserted in Rhrs para�rays�,uNoc•ir.e Borrower covenants th�4 4�erm aro no pricr lierts or e�rences of sny kmd '
<br /> . a�,_:a the Property. The Borrower further eovevn�rrts 4o cnonom¢m�e.^.Eeferod the mtle to the Proporay agmrsst mt1 s:eims e�Grm�nda.
<br /> ' The Borrower ard the Lender fuKher covenent arM s�ee as follows:
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<br /> t. The Borcower shell prompUy pay when due the pnnapal end interest an tRe�riCe2tedmQSS ovrdemc�9�y the Note.
<br /> 2. At leeat ten deys betoro they bocome delinquent, Bortowe�shaD pav�:7 roaes ¢oid syseual essessments tovied or essesaed eg�nst the
<br /> Property,or eny naet thereof,end ell texee,feNes end essessments towad ugon thrs Truat Oood or tho Qobt which it aecuros.
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<br /> 3. The Bonower ahalt keep the improvemente end buildinps,if any,upon rhe Propetty msu�ed,Nnth e company or comparoea epprovod by the
<br /> lender,for en amount not�esa than tho unpmd betenee on tM�ndo6cadnass secured by thie TNat Oeed w�th a standard monpape cbuse
<br /> �� with losa payable to the Le�der. The Bonower shotl deliver sad poticy or poliaes to the Lender.
<br /> In the eveM of e toss,the Borwwer ehelt pive prompt notiee to the insuranee eemer end the Lendor nnd filo e proof of toas. If the Bonowor�e not
<br /> othorwise in deteult,the Bortower may etect to apply the insurflnee prxeeds to ropeu or replece the dameped P�operty.�f econorrocallY foas+Wo,end
<br /> the secw+ty of tha Truat Oeed would�ot be irrspeirod. It tM Sorrower ia in deteutt or eleets not to repeir or replece tho domaped Propertv or repar
<br /> � or roytacement woutd rot economicatly teesiWe or the eecurity of this Tnist Deed would be impeirod then the msurnnce proceeds shatl bo eppLad to
<br /> � the last eneturiny peyre�ente due on the Aloto. It Ma insurence prxoeds a►e�n excoss ot the totd ertrount due on seid Note, the e+ccesa shell bo pe�d
<br /> to the Botrower.Insurence proceede for readr or roylacement shetl be pleeed in oscrow nro in excoss ot the totet emount due on sa�d Hote,1AQ OYC455
<br /> ! she!I be paid to the 8ortower. lnsurunce procseds tor rcpait or replaeemant shall be plaeed in escrow with Me lender e�d�sbursea by the Lander
<br /> � du�ep or upon comylorion ot such repair or roplacemant. If the lerder ocqsnres Utle to the Proyerty by eYeras�rtp ita power of sa1e,foredosuro or
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