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<br /> •. THIS TRU9T DEED,mt�a thka�.���day o!_ APri l ,18 94_,by and among LA�t1tY W. GO�PBY �_`;�-,-�-�._.�–�._
<br /> AND SHERRY ,A. COFF6Y� HU3BAND AND WIFB -:'�r�r" ��-�;.-`=.
<br /> whoBem3ilingeddressts PO Box E�63 I.xnaol�n. N� 68501 '"�'3"_'•?�"��.;-�—
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<br /> .. (herein"Trusta"j;and Wl��N�,whase malltng address is P.O.8ox 487,Wood River.Nabraska 68883.(t�erein"TNStee;'and"Banallciar�/'j. , �,_�`�'v:"+-_
<br /> ,� . FOR WilUAB1E CONSIDERATION,including the indebtedness trdentl�ed Ixrein a�l the trust here(n aeated.the rcceipt of which ia he►elqr •;,-��A�:.:�-...,
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<br /> � ocknowle6ped,Trustor ircevocobly grun4a.tronsfir�s,co�vays,c��nssip�s to Trustca. 1Rt TRIi�T.1HITH Pt1WFR QF Sl►tE,for the benof�t onA . - _,:_�_
<br /> ; .. secu►ity of Beneficiory,urder and s��ect to the terms and conditions of thls Daed of Tnrst,the real prep�y desaibed as toilowi: � o '� a�: , ?'�� .
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<br /> „ ` - Fractional Lot Three (3), Block Fivc (5), in SpauZding and Gre�g's Addi.tion _��---�-,—,.::.;:;::'�.
<br /> , to the City of Grand Island, Hall County, Nebraska and its complement FracCional • �
<br /> Lot Three (3), Block Three (3), in Arnold Place, an Addition to t�e Ci�y o£ � � '
<br /> " .. Grand Islactd� Hall County, Nebraska. �
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<br /> � Lot Four ��aa, Block Five (5), Sg�auD.ding and Gregg's Paddi�ion to the City of
<br /> � Grand Island, Hall County, Nebraska,
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<br /> • TOGiSHiR WiTH,all rents,protits, royalties,income and other banefits derived from the real prope�ty;all leeses or wbleoses covenng me
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<br /> real property or ony ponion thereof, now or hereofter existing or entered into, ar•d all right,title and interest of Trostor thereunder, 011 ia�- � ��..�}.�'
<br /> � �11:�•,�
<br /> . terests,estate or other cloims,both in low and in equity, which Trustor now has o�rnoy hereufter acquire in tha real propeny;all eosemen4s. � �,i,�.�<<,�
<br /> rights-of-way, tenements, hereditaments ertd appurtenances thereof and thereto: aU oil and gas rights and prof+°s, mrot�rights ond woter � �,4i:�•.4.
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<br /> .. � stak;all right,title and interest of�rvstor,now owned or hereafter acquired,in and to uny Iond lying within the right-of•wcp af�ny street or ��.� ' f
<br /> ' highway adjoining the reat property, nny ond all buildings,fixtures, improvements, ond uppurvenonces now or hereofte� ererred thereon or ;���'', ' �- -
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<br /> belongirtg fhereto,lherein referred to as"ImprovemenY'or"Improvements"):and any and oll awords mude for the toking by a,rinent domain
<br /> or by any praeeding or purchase in lieu thereof,of the whote or any part of the real property. : ,, r
<br /> All of the foregaing estate,property and interest hereby conveyed to Tvustee herein collectively referred to as the"Property". ` �,
<br /> THIS OEED OF TRUST SHAII SECURE:
<br /> to)The paymern of indebtedness evidenced by Trustor's note of eyen date herewitM in the principal sum of ' �',���
<br /> ,.' T1,RFF 1,flNDRFn F[1RTV �nticeNn ean ron/100 ------- Oollars (E 1• � ,.. r�r ��
<br /> together with interest ot the rate or rotes provided therein,(herein,together with uny and oll renewals,modifications,and extensions thereof, ;.
<br /> refeRed to us the"Note")both principol ond interest on the Note being poyable in accordance with the terms set forth therein, reference to , �•'. :
<br /> which is hereby made,the finol payment of principal and interest,if not sooner poid and if nore�ewals,modificotions orextensions are made. ���.+���.�'
<br /> •� �;� due cnd poyable on April li 1999 or any extensions or renewals th2reof _ _..__ _ . .
<br /> . (b1 The performance of each ugreement ond covenant of Trustor herein contained:and
<br /> (c)The payment of any sum or sums of money with interest thereon which moy be hereafter pnid or advanced under the terms of this Deed of
<br /> Trust.
<br /> (d)The payment of pny future advances necessary to protect the security or any future advance made ot the option of the part�es:ond
<br /> ���,� . (e)The performance of an obligation of any other person named in this Trust Oeed to a beneficiary. '
<br /> .S%�`�:; TO PROTECT THE S�CiJRITY OF THIS OEEO OF TRUST,TRUSTOR HfREBY COVENAPITS AND AGItEES AS FOLLOWS:
<br /> 1.Paymeat of 6Riacipol and IMerost.Trustor sha��promptly pay when due the principol of and interest on the indebtedness ev�denced by the
<br /> ��'��+ Note,and all other charges and fees as provided in tne Note,and the principal of ond interest on any Future Advances secured by this Deed of •
<br /> � Trust.
<br /> 2.Warroet�r of Title.Trustor is�aw.tully seized and possessed of good and indefeosible title ond estate to the Property heveby conveyed and
<br /> � has the right to grant ond tonvey the Property; the Property is free and clear of all liens and encumbrances except liens now of record:and
<br /> . ,�:.� Trustor will worram ond defend the title to the Property against all claims and demands.
<br /> � '., 3.Maintenanem aaad�omptianee with taw:.Trustor sholt keep the Property�n t�cod cortdition and repair ond shall not tore�mit wmst�or Rerm:t
<br /> ` ��t impairment or deterioro4ion of the Property and sholl comply with the provisions of ony lease if this Deed of Trust�s on a leas�ho�d.Rc impra�e-
<br /> •'� ment now or hereafter erected upon the Property shall be altered removed or dernotished without the prior written corse�• ,•�Bene�ic�ary.
<br /> • .� . Trus4or shnll tomply with a11 laws.o�dinances,regulotions,cov�ma�rs,conditions and restrictions affecting the Property oncS nct com+mit.suffer.
<br /> ' � . ; or pernn;t any acr tc Ee�one in or upon the Propenj� in violation of any law,ordinunce, regulution,covenonf condition or restriction.Trustor
<br /> ,:•f shal!complete or resrore promptly und in good warkanae�like manner any improvemEnt on the Property which mrf oe domoged or destroyed and
<br /> ' ' pay,when due,all tYoims for labor performed and materiols furnished therefore artd for oroy otterotions t:�ereoT.
<br /> 4. lawronce.Trustor,at iTS expense,will maintoin with insarors approved by Benefic�ary.irrsurcc�ce wifh respect to the Improvements and
<br /> persortal property,constituting the Property,against loss by f�re.f�ghtning,tornado,ond other perils ond hoturds covered by stondord extended
<br /> coverags ertdars�ment, in nn amount equal to at least one hundred percent of the full replucement volue thereof ond insurance ogainst svch
<br /> other hmards artd in such omounts os is customorily carried by owners and o�rators of simula properties or as Beneficiory may require for�ts
<br /> � prot¢ttion.1rus4or will comply with such other requirements as BenefitiQry may from time to time request far tha protectan by insurance of rhe
<br /> iMeres4s o�tF�respective perties.All insurance poticies maintained pursuont to this Oeed of Trust shatt nflme Trustor nnd 8eneficiory as in-
<br /> � sureds, os sheir respective interests may appeor,and provide that there shatl be no cancellotion or modification without rto less thon 15 doys
<br /> ' prior written notification to Beneficiary. In the event ony policy hereunder is not renewed on or before 1 S doys prior to its expirotion dn+e.
<br /> Beneficiory may procure such insuronce in accordon�e with the provisions of porograph 7 hereof. Trustor shall dal+ver to Beneficiory the nr�g+�a1
<br /> . policies of insurante and renewals thereof or memo copies of such poticies ond renewa�s thereof. Failure to furnish such insurance by Trustor or
<br /> renewnls as required hereunder shall,at the option of Berteficiary,constitute a defoult.
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