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<br /> � . -- o..�`:; �3CKMOMILEDQME(dT TA DEED OE�'RdlST
<br /> . � �• The underaigned"Trustor"as Identifted in the tollowing Deed of Trust,whether one or more.u�derstand that the document ,`
<br /> . . they are about to execute is a Oaed of T�uat and not a moRgage,and that the power of sale provided tor In the Deed of Trust .
<br /> . - � pravidea subetantially diffov�nt righte artd obNgatlons to the 8o�rowers than a mortgage In the event of a default or breach of
<br /> �,��,� obtigatlon under the Doed oi Trust,lnCl�adling,but not Itmited to,tho�ono4lciary's rlght to have the P�opeKy Identlfie�In 8he
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<br /> .,:% . foliowing Deed of T�ust sotd by SP�a T�uatee without any judtel¢�o pe�0cadin0• Trus4or co�ecsonts and warrants 4P►a4 CPeis
<br /> "�"�." ,: . Acknowtedgment was exaaa4od tny them k�afore the execution o4 4Peo�ac�of TceasB Qjl�P0A9Q0P SEi4 f0!'�h.
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<br /> �� � 9iOME EOU17Y LINIE l�f€�D OF TRUST '.` .;' .
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<br /> ' THIS�'6�aD�,�i�t�EEDmadethis�—de of r�l ,ig...�,q�±,betw88nTerrx 7 Fnrk and Tane . K Fnck ; �..; ;';�i{����;1�
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<br /> � ' . husband and wife hereinaiter cait"Trustor",whose mailing addresa is2111 W 10th Grand Is13nd, �NE '��,�7% , .�,-,�, . .
<br /> , ' ' .. Arend �„;;; :� ...
<br /> �: ,ft ,l�aack , Attorney at �aw,whose mafiing addess ts PD Box 790 Grand Is].and NE, �'���
<br /> � i;; � as"Trr�stee";and Home Federai Savings and Loan Aesoclatfon of Qrand Island,whose malifng addresa is 2213outh Loaust, �"�`y j
<br /> P.�.Box tU09,(3tand Island,Nebraska 88802,as"Beneflalary". , -� �� �� ����S
<br /> " �or vaivable con8ideration,Trustor inevocably grants,transfers,conveys and assigns to Trustee, in trust,Wlth pOWBP Ot •�:;-'�;T, , ."
<br /> �'!'�':�, ' sale,for the benefit and�aecurity of Beneflciary,under and subJecst to the terms and conditlons of this Deed oq Trust,the follow- ::''�� � ' +
<br /> '��„i'J�y � , ing described property located fn Hai t r��mt�r , Webraska,to wit: �,;'.� ^ ' � t
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<br /> �'''..�(<;:`�;� �OT THREE (3) ANO FOUR (4;, BLOCK SEUEN (7), DILL AND HUSTON'S ADOITION TO . . ���"1�`;.
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<br /> �°� THE CITY OF GRAND ISLAND, HALL COUNTY. �;:.�� y,�
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<br /> ��,��� . together with ali buildings,tixtures,improvements and appur4enances theraunto belonging, It being agreed that ail of the � ••
<br /> „ foregofng s�afl ba hereinafter referred to as the"Property". �
<br /> • FOR THE PURPOSE OF SECURING performance of eaph agr�ern:�nt and covenant of Trustor herein contained and gho�ay �
<br /> :;.,, • mentoftheprincipals�emof Ten Thousand and 00/00 -------------------------po�lars(3 10,000.00 �� �
<br /> as evidenced by a Momo�oderal Home Equlty Loan Agreement between Truator and Beneficiary(the"loan AgreemenY'),pur• i
<br /> • .. suant to which Beneficlary wHl advance funds to Trustor from time to time at the interest rates and upon the terms provided
<br /> therein,together with any sum or sums of money with Interest thereon which may hereaiter be paid or advanced under the
<br /> terma of tPuas fleed of Trust,both princfpal sum and Interest ther�on being payabte according"o the terms aet fortA in 8f��Loan • •
<br /> Agreemen4, r�ference to which is hereby made,af the offlce o41he Beneticlary in Grand lso�nd,Nebraska,or at sucr�o4her '� . �'
<br /> , • piace as 8enefictary may designate in wrfting. '
<br /> TRUSTER ANO BENEFICIA�Y CCEVENANT AND AGREE AS FOLIOWS: �
<br /> •�.�/,�t y';:� 1.1Alaeram�ly o!Titte.Trustor is�awful�y seized of the Propavty:'�as good rfght and Iawful authority to sell and convay Che�'ro-
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<br /> .,,,, , . ,,;;,:•..•';, perty,th�G`�•operty is free and ciear of all Ilens and encumbe►artc�s�xcept Ifens now of record;and Trustor wiii warcant a°�de- ,
<br /> '`.`�� " tend the tbrls to the Prosarty unto the Trustee artd its successors and assiQres forever agalnst the ctaima of atl�ersaros.
<br /> �� 2.Pa�nseat of P�incE�t eed Interoat.Truato►shatf punctuatiy pay the prirtc��al of,and interASt on� alt advanc�s urtder ihe
<br /> �nan Anresmant and w►n nunctuauv nerform all�aressaments.conditions artd Dravislons of anlr otherseCUdtY instrument given
<br /> T in conaesttdi with thls transaction. �
<br /> 3.�orcvtlon and Matntenartco aP C+ca�er¢y.Trustor wilt not commit any v,ast�upon the Property at witl,at ati times,main-
<br /> • tatn 4ho same in good order and condiYlon and witl make,from time to time,all repairs,renewais, replacements,additions and
<br /> Im�rovamenta whfch are reasonabty requtred to pravent waste,impairmant,or deterioratfon of said property.No bullding or
<br /> fmprovement now or hereafter erected upon the Propetty shali be aitered,removed or demoiished without the prlor written
<br /> � consent of Beneffciary.
<br /> , 4.Inaurance.Trustor,at its expense,wili malntatn with insurers approved by Beneticiary,insurance wlth �espect to the tm•
<br /> � provements and personal proerty constituting the Property agalnst loss by fire,Ilghtning,tornado and othe�perils covered by
<br /> '- standard extended coverage endorsement!n an amount equal to at teast one hundred percent of the full replacement vatue
<br /> thereof,and insurance against such other hezards and in such amount as fs cu�,tomariiy carried by owners and operators of
<br /> simitar propertiea and as 9eneficiary may require for its protection. Trustor wili comply with such othe� requlrements as
<br /> • Beneficiary may irom time to time request for the protectton by insurance of the Interest of the respective partiea. A�I In-
<br /> , surance policies mafntained pursuant to this Oeed of Tn�9t shall name Trustor and Beneficiary as insu�eds,as thefr respective
<br /> j Interesta may appea�and provide that there shali be no cancellation or modification without tifteen(15)days prtor written
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